Latest news with #MuskWantsToBuildAnAmericaParty
Yahoo
4 days ago
- Business
- Yahoo
Trump news at a glance: megabill hangs in balance as House Republicans struggle to convince holdouts
The House of Representatives was at a standstill on Wednesday as Republican leaders continued to try to rally holdouts against Donald Trump's megabill, with speaker Mike Johnson saying 'very positive' progress had been made toward passing it. The House stalled for hours on a procedural vote while Johnson and the White House worked to pressure a handful of Republicans to ensure they would vote to approve the sweeping tax-and-spending bill amid a razor-thin Republican majority and get it to Trump to sign in time for his self-imposed 4 July deadline. CBS parent company Paramount, meanwhile, agreed to pay $16m to settle a lawsuit filed by Trump over a broadcast interview, in what is likely to be seen as a further example of capitulation by media companies hoping to smooth relations with the president. Here are the day's key US politics stories at a glance: Donald Trump's signature tax-and-spending bill was hanging in the balance as Republicans struggled to muster sufficient votes in the US House of Representatives. A five-minute procedural vote remained open and tied on Wednesday, as Republican leaders told members they could leave the floor, suggesting they still did not have the numbers they needed. If passed, the bill would vastly expand the federal government's immigration enforcement machinery and supercharge the president's plan to carry out what he has vowed will be the largest deportation campaign in US history. Trump, vice-president JD Vance and speaker Mike Johnson spent much of the day trying to pressure conservatives to support the bill in the face of changes made by the Senate. Read the full story CBS parent company Paramount settled a lawsuit filed by Trump over a pre-election interview with Kamala Harris last October, in the latest concession by a media company to the US president, who has targeted outlets over what he describes as false or misleading coverage. Paramount said it would pay $16m to settle the suit, with the money allocated to Trump's future presidential library and not paid to Trump 'directly or indirectly'. Read the full story The ill-fated bromance between the US president and the world's richest man, which once raised questions about American oligarchy, is now being pored over by social media users in China, many of whom are Team Elon Musk. On Wednesday, the hashtag #MuskWantsToBuildAnAmericaParty went viral on Weibo, a Chinese social media platform similar to Musk's X, receiving more than 37m views. Read the full story The US government has tried for the second time to deport a stateless Palestinian woman – according to court documents – despite a judge's order barring her removal. Ward Sakeik, a 22-year-old newlywed, was detained in February on her way home from her honeymoon in the US Virgin Islands. Last month, the government attempted to deport her without informing her where she was being sent, according to her husband, Taahir Shaikh. An officer eventually told her she would be sent to the Israel border – just hours before Israel launched airstrikes on Iran. Read the full story The Pentagon has collected intelligence material that suggests Iran's nuclear program was set back roughly one to two years as a result of the US strikes on three key facilities last month, the chief spokesperson at the defence department said at a news conference on Wednesday. Read the full story Planned Parenthood stands to lose roughly $700m in federal funding if the US House passes the Republicans' massive spending-and-tax bill, the organisation's CEO said on Wednesday, amounting to what abortion rights supporters and opponents alike have called a 'backdoor abortion ban'. Read the full story New Trump administration rules that give millions of people a shorter timeframe to sign up for the Affordable Care Act's healthcare coverage are facing a legal challenge from Democratic mayors around the country. The US and Vietnam struck a trade agreement that sets 20% tariffs on many of the south-east Asian country's exports after last-minute negotiations, Trump and Vietnamese state media said on Wednesday. Catching up? Here's what happened on .
Time of India
6 days ago
- Business
- Time of India
After Trump's deportation threat, Musk gets love from China, backs Tesla CEO's bold move to start his own party
Tech billionaire Elon Musk is drawing unexpected support from Chinese social media users as they are rallying behind him after the world's richest man suggested that he will form his own party amid an ongoing public feud with US President Donald Trump, as per a report. Donald Trump and Elon Musk's Feud Sparks Over 'Big, Beautiful Bill' The tension between both of them erupted over Trump's controversial 'One Big, Beautiful Bill,' which Musk fiercely criticized for ballooning the national debt by an estimated $5 trillion, as per Benzinga report. While the US president criticised Musk, saying that without subsidies, Musk would have to "have to close up shop and head back home to South Africa" in his social media site Truth Social, as per the report. The Tesla CEO had warned that if the Senate passed the bill, he would consider founding his own political party, called the 'American Party', according to the report. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Most Gorgeous Female Athletes Ranked. But Did We Get It Right? Click Here Undo ALSO READ: Panic in the sky: American Airlines flight diverted after passenger triggers alarm — what we know Elon Musk Finds Fans in China Musk's bold statement gained traction on China's popular social platform Weibo, often dubbed the country's version of X (previously Twitter), users have been vocally siding with him for his stance against Trump, as per the Benzinga report. Live Events According to the report, the hashtag #MuskWantsToBuildAnAmericaParty is viral on the X's Chinese counterpart. With many users posting in Musk's support on Weibo, one user said that, "Brother Musk, you've got over a billion people on our side backing you," as quoted by Benzinga in its report. One more user wrote that, "When you've had enough, there's no need to keep putting up with it," as quoted in the report. ALSO READ: Will Trump's economic policies mirror Nixon's impact on the US Dollar's global dominance? A few Weibo users even offered deeper insights into what it could mean if Musk were to actually enter politics, as one user said that, "If Elon Musk were to found a political party, his tech-driven mindset could inject fresh energy into politics. The potential for change is significant – and worth watching," as quoted by Benzinga in its report. ALSO READ: 4th of July 2025 store hours: What's open, what's closed, and where to shop FAQs Why are Elon Musk and Donald Trump fighting? They clashed over Trump's massive spending bill, which Musk says would add $5 trillion in national debt. What did Musk say about starting a political party? He said if the bill passes, he might form his own party — the 'American Party.'
Yahoo
7 days ago
- Automotive
- Yahoo
After Trump Warns Elon Musk To 'Close Up Shop,' China Rallies Behind World's Richest Man: 'There's No Need To Keep Putting Up With It'
Tesla Inc. CEO (NASDAQ:TSLA) and the world's richest man, Elon Musk, have found an unusual source of support in the form of Chinese social media users amid the billionaire's ongoing feud with U.S. President Donald Trump over the latter's 'One Big, Beautiful Bill.' What Happened: Users on the Chinese social media platform Weibo have been hailing Musk's stance against Trump with a #MuskWantsToBuildAnAmericaParty going viral on the X (formerly Twitter) counterpart, The Guardian reported on Wednesday. The support comes as Musk had earlier claimed he would found a political party if the Senate passed Trump's Big Beautiful Bill. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Several users came out in Musk's support on Weibo. "Brother Musk, you've got over a billion people on our side backing you," one Weibo user wrote. "When you've had enough, there's no need to keep putting up with it," said another user. Some offered deeper insights into what it could mean if Musk were to enter politics. "If Elon Musk were to found a political party, his tech-driven mindset could inject fresh energy into politics. The potential for change is significant – and worth watching," a user It Matters: The news comes as Musk has doubled down on his criticism of the bill, which Musk said increases the U.S. debt ceiling by $5 trillion. He also slammed the politicians backing the bill, saying they would lose their primary "if it is the last thing I do on this Earth," Musk shared. However, Trump called Musk out over his comments. The President said that without subsidies, Musk would have to "have to close up shop and head back home to South Africa" in a post on Truth social. Elsewhere, Tesla's board has received criticism for its silence on the billionaire's comments from experts like Ross Gerber, who says Musk has enabled by endorsing him in the run-up to last year's presidential election. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Photo Courtesy: Frederic Legrand – COMEO on Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article After Trump Warns Elon Musk To 'Close Up Shop,' China Rallies Behind World's Richest Man: 'There's No Need To Keep Putting Up With It' originally appeared on
Yahoo
7 days ago
- Automotive
- Yahoo
After Trump Warns Elon Musk To 'Close Up Shop,' China Rallies Behind World's Richest Man: 'There's No Need To Keep Putting Up With It'
Tesla Inc. CEO (NASDAQ:TSLA) and the world's richest man, Elon Musk, have found an unusual source of support in the form of Chinese social media users amid the billionaire's ongoing feud with U.S. President Donald Trump over the latter's 'One Big, Beautiful Bill.' What Happened: Users on the Chinese social media platform Weibo have been hailing Musk's stance against Trump with a #MuskWantsToBuildAnAmericaParty going viral on the X (formerly Twitter) counterpart, The Guardian reported on Wednesday. The support comes as Musk had earlier claimed he would found a political party if the Senate passed Trump's Big Beautiful Bill. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Several users came out in Musk's support on Weibo. "Brother Musk, you've got over a billion people on our side backing you," one Weibo user wrote. "When you've had enough, there's no need to keep putting up with it," said another user. Some offered deeper insights into what it could mean if Musk were to enter politics. "If Elon Musk were to found a political party, his tech-driven mindset could inject fresh energy into politics. The potential for change is significant – and worth watching," a user It Matters: The news comes as Musk has doubled down on his criticism of the bill, which Musk said increases the U.S. debt ceiling by $5 trillion. He also slammed the politicians backing the bill, saying they would lose their primary "if it is the last thing I do on this Earth," Musk shared. However, Trump called Musk out over his comments. The President said that without subsidies, Musk would have to "have to close up shop and head back home to South Africa" in a post on Truth social. Elsewhere, Tesla's board has received criticism for its silence on the billionaire's comments from experts like Ross Gerber, who says Musk has enabled by endorsing him in the run-up to last year's presidential election. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. These five entrepreneurs are worth $223 billion – they all believe in one platform that offers a 7-9% target yield with monthly dividends Photo Courtesy: Frederic Legrand – COMEO on Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article After Trump Warns Elon Musk To 'Close Up Shop,' China Rallies Behind World's Richest Man: 'There's No Need To Keep Putting Up With It' originally appeared on Sign in to access your portfolio
Time of India
02-07-2025
- Automotive
- Time of India
Chinese love their Musk Bro, these Tesla numbers are 'good news' for Tesla CEO Elon Musk
Tesla CEO Elon Musk Tesla Inc. CEO Elon Musk , the world's richest man, has gained unexpected support from Chinese social media users amid his public dispute with U.S. President Donald Trump over Trump's controversial 'One Big, Beautiful Bill.' According to The Guardian, users on China's Weibo platform have been vocally backing Musk, with the hashtag #MuskWantsToBuildAnAmericaParty going viral on X, the platform formerly known as Twitter. The online support highlights Musk's growing influence and the global resonance of his clash with Trump, as Chinese netizens rally behind the billionaire's stance. Now Tesla Inc. has reportedly seen its first year-on-year increase in vehicle deliveries from its Shanghai factory this year, signaling a potential turnaround for the electric vehicle giant in China's fiercely competitive market. The U.S. automaker delivered 71,599 vehicles in June, a modest 0.8% rise compared to the same month last year and a 16% jump from May, according to data released Wednesday by China's Passenger Car Association (PCA).The uptick comes as Tesla navigates an ongoing price war in China, the world's largest EV market. While the PCA did not specify the split between domestic sales and exports, the growth suggests Tesla is gaining traction. A key factor may be recent regulatory progress, with China unveiling guidelines last month that could accelerate the rollout of Tesla's advanced driver-assistance features. These enhancements are seen as critical in a market increasingly focused on intelligent vehicle technology, potentially giving Tesla a competitive milestone marks a positive shift for Tesla as it seeks to strengthen its foothold in China amid intensifying competition and evolving consumer demands. Support messages for Musk Bro flood China's Weibo by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 車イス生活の私が自力で立ち、施術で人を笑顔にする側になった話 ウィンキューブHD 続きを読む Undo 'Brother Musk, you've got over a billion people on our side backing you,' one Weibo user wrote, while another encouraged, 'When you've had enough, there's no need to keep putting up with it.' Others speculated on the broader implications of Musk entering politics. 'If Elon Musk were to found a political party, his tech-driven mindset could inject fresh energy into politics. The potential for change is significant – and worth watching,' a user commented, highlighting the global intrigue surrounding Musk's escalating feud with Trump. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
