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A law that prohibits doctors from using puberty blockers and hormone therapy on youth under the age of 16 is facing another legal challenge.
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Globe and Mail
30 minutes ago
- Globe and Mail
Tesla shares down as Trump fires back at ally Musk
Elon Musk, CEO of Tesla (TSLA-Q) and self-proclaimed 'First Buddy' of President Donald Trump, has stepped up criticism of the president's massive tax legislation in recent days. Investors are starting to notice. Tesla shares dropped more than 5 per cent on Thursday on a day otherwise devoid of news for the electric vehicle maker, leading traders to speculate that Mr. Musk's increasingly pointed rhetoric suggests strain in the relationship that has benefited his sprawling empire of businesses. Mr. Trump said on Thursday that Mr. Musk was upset because the bill took the EV mandate away. 'Look, Elon and I had a great relationship. I don't know if we will anymore,' the president said. 'He said the most beautiful things about me. And he hasn't said bad about me personally. That'll be next. But I'm very disappointed.' Mr. Trump's comments extended a decline in Tesla shares. The world's richest man, a key figure in the Department of Government Efficiency's (DOGE) cost-cutting initiative for several months, has blasted the bill, not long after he said he would spend less time in the White House and more time with his companies. On his social media platform X, Mr. Musk has called on Congress members to kill the legislation, calling it a 'disgusting abomination.' 'It more than defeats all the cost savings achieved by the DOGE team at great personal cost and risk,' Musk, the largest Republican donor in the 2024 election cycle, said on X on Tuesday. Mr. Musk's leadership of DOGE and his alignment with the Trump administration have put off some Tesla buyers. Sales of his EVs have slumped in Europe, China and key U.S. markets like California, even as overall electric vehicle purchases continue to grow. Mr. Musk has slowly started to separate himself from the White House in recent weeks, stung in part by the wave of protests against Tesla. 'Elon's politics continue to harm the stock. First he aligned himself with Trump which upset many potential Democratic buyers. Now he has turned on the Trump administration,' said Tesla shareholder Dennis Dick, chief strategist at Stock Trader Network. Mr. Musk's other businesses, SpaceX and Starlink, dominate their respective markets, but have also come under scrutiny due to Mr. Musk's relationship with Mr. Trump. Those two businesses often serve as the default choice for commercial launches and satellite internet deployment, and foreign governments have also increasingly looked to Starlink, with regulatory approvals smoothed by Mr. Musk's ties. Tesla shares are down 12 per cent since May 27, roughly coinciding with his decision to pull back from Washington activities. The stock has been on a roller-coaster ever since his endorsement of Mr. Trump in mid-July 2024 in his re-election bid, gaining 169 per cent from that point through mid-December. That was followed by a 54-per-cent selloff through early April as a 'Tesla Takedown' protest movement intensified. The House of Representatives version of the budget bill proposes largely ending the popular US$7,500 electric vehicle subsidy by the end of 2025. Tesla and other automakers have relied on incentives for years to drum up demand, but Mr. Trump promised during the transition to end the subsidy. Tesla could face a US$1.2-billion hit to its full-year profit, along with an additional US$2-billion setback to regulatory credit sales due to separate Senate legislation targeting California's EV sales mandates, according to J.P. Morgan analysts. 'The budget bill contains bad stuff for Tesla with the end of the EV credits, and just generally his falling out with Trump has risks for Tesla and Elon's other companies,' said Jed Ellerbroek, portfolio manager at Argent Capital Management. Mr. Musk's public attacks have upset potential Republican Tesla buyers as well, Dennis Dick added. One White House official on Wednesday called the Tesla CEO's moves 'infuriating.' The billionaire joined Senate Republican deficit hawks this week in arguing that the House bill does not go far enough in reducing spending. Overall, Tesla shares are down 22 per cent this year, including Thursday's losses. But the company is still the most valuable automaker worldwide by a long shot - carrying a market value of US$1-trillion, far surpassing Toyota Motor's market value of about US$290-billion. Tesla trades at 140.21 times profit estimates, a steep premium to other Big Tech stocks like Nvidia. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today.


Globe and Mail
33 minutes ago
- Globe and Mail
Luxenberg Garbett Kelly & George P.C. Sheds Light on Dangers of Broadside Collisions in New Legal Insight
In a recent article titled 'What is a Broadside Collision?', the legal team at Luxenberg Garbett Kelly & George P.C. ( offers a clear breakdown of one of the most dangerous types of crashes that can occur on Western Pennsylvania roads. The firm's publication highlights how broadside collisions, commonly known as T-bone accidents, present a severe threat to drivers and passengers alike. The article also emphasizes the legal options available to those injured in such incidents, reinforcing the importance of consulting with a Western Pennsylvania car accident attorney. Broadside collisions happen when the front of one vehicle crashes into the side of another, often at intersections. These collisions are particularly hazardous due to the limited structural protection on the sides of vehicles. As explained by the Western Pennsylvania car accident attorney team at Luxenberg Garbett Kelly & George P.C., the injuries resulting from these crashes are frequently severe and may include brain trauma, spinal damage, and broken bones. 'Broadside collisions are particularly dangerous due to the way the force of impact affects the occupants of the vehicle,' the article states. The firm's analysis of how broadside collisions occur reflects common real-world scenarios: one driver fails to yield, ignores a red light, or makes an improper left turn, placing other vehicles directly in harm's way. These situations, which are all too familiar to a Western Pennsylvania car accident attorney, often lead to confusion about liability. Luxenberg Garbett Kelly & George P.C. discusses how intersections, side roads, parking lots, and merging areas are frequent sites for these crashes. Contributing factors such as distracted driving, speeding, impairment, and fatigue further compound the risk. According to the article, Pennsylvania's modified comparative negligence laws mean that establishing fault can be a determining factor in how much compensation an injured party may receive. A driver who is more than 51% at fault cannot recover damages. This legal structure underscores the necessity for detailed accident investigations, especially when liability is disputed. A Western Pennsylvania car accident attorney is positioned to help gather evidence like traffic camera footage, police reports, and witness statements to support a strong claim. The article also offers a practical look into the insurance claim process following a broadside collision. Pennsylvania's no-fault system requires drivers to carry Personal Injury Protection (PIP), which covers immediate medical costs regardless of fault. However, the right to pursue compensation for pain and suffering depends on whether the injured party selected Full Tort or Limited Tort insurance coverage. While Full Tort permits unrestricted legal claims, Limited Tort restricts non-economic damages unless the injury meets certain criteria. The attorneys at Luxenberg Garbett Kelly & George P.C. clarify that many injuries stemming from broadside collisions—such as broken bones or brain injuries—often qualify as serious under Pennsylvania's legal definition. Exceptions to Limited Tort, such as accidents involving drunk drivers or injured pedestrians, may also allow additional compensation avenues, regardless of the initial coverage selection. Beyond legal definitions, the article outlines a series of steps for individuals to take following a broadside collision: checking for injuries, calling the police, exchanging information, documenting the scene, seeking medical attention, and notifying insurance providers. Timely medical evaluations are critical, even if injuries are not immediately obvious. Delayed symptoms from concussions or internal trauma are common in these types of crashes. Legal support becomes even more crucial as injured individuals begin to navigate post-collision recovery and potential disputes with insurers. The article emphasizes how legal representation can help challenge blame-shifting tactics from insurance companies and ensure rightful compensation is pursued. Luxenberg Garbett Kelly & George P.C. concludes the article with a clear message: victims of broadside collisions should not face their recovery and legal challenges alone. The firm's experience with car accident cases across Western Pennsylvania allows them to handle the legal process while injured individuals focus on healing. Their advocacy aims to secure compensation that reflects the true extent of physical, emotional, and financial harm caused by serious collisions. Those who have suffered injuries in a broadside crash can find value in the practical, legally-grounded information shared in this article. Early consultation with a trusted legal advisor offers the best opportunity to protect one's rights and move forward with confidence after a traumatic event. About Luxenberg Garbett Kelly & George P.C.: Luxenberg Garbett Kelly & George P.C. is a Pennsylvania law firm committed to advocating for individuals harmed in vehicle collisions and other injury-related incidents. The firm handles cases involving car accidents, workplace injuries, medical harm, and more. With a legacy of legal support across Western Pennsylvania, the team provides representation built on diligence, clarity, and a focus on justice. Embeds: Youtube Video: GMB: Email and website Email: lmkelly@ Website:

Globe and Mail
an hour ago
- Globe and Mail
America's trade deficit with Canada is vanishing
If there's a silver lining in Canada's gruesome trade numbers for April, it's that one of the dubious excuses behind President Donald Trump's trade war with Canada is rapidly going away. That would be the trade deficit the U.S. runs with this country. Since returning to the White House, Mr. Trump has regularly thrown out wild claims that the U.S. 'is spending US$200-billion a year to subsidize Canada.' At other times he's pegged the U.S. trade deficit with Canada at US$250-billion. In reality, the annual trade deficit was around US$60-billion last year. Now, with Canadian exports to the U.S. tumbling by 15.7 per cent in April from the month before, the third-straight monthly decline, the U.S. trade deficit is rapidly vanishing. In April the U.S. trade deficit shrank to US$2.2-billion, according to the U.S. Census Bureau, the lowest level since early 2021. Mr. Trump's inaccurate claims about the imbalance in trade between the two countries have been made worse by his decision to overlook the role Canadian oil exports to the U.S. have played in driving the deficit. With oil prices tumbling amid the uncertainty brought on by Mr. Trump's global trade war, that's helped narrow the U.S. trade deficit with Canada. In reality, if crude petroleum is excluded from the picture, the U.S. has long enjoyed a trade surplus with Canada. The only sizable exception to that was the start of this year, as Canadian exporters rushed to move their products into the U.S. ahead of the tariffs. Excluding oil, the U.S. trade surplus with Canada in April was the largest in years. Whether Mr. Trump notices, or cares, is another matter.