Investors must expect ‘turmoil' across their ‘investment horizon'
La Trobe Financial Chief Executive Chris Andrews discusses how volatility in global markets changes investor behaviour.
'If you think back to the late 80s, we had a Republican in the White House, turmoil in Russia, and we had Labor in government here in Australia,' Mr Andrews told Sky News Business Editor Ross Greenwood.
'So, people talk about turmoil, but look, 25 years later, what do we have? Turmoil in Russia, a Republican in the White House, and we have Labor in government here in Australia.
'So every investor needs to think of turmoil being the consistency, the one thing that will continue to happen across their investment horizon.'
In partnership with LaTrobe Financial.
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The Advertiser
12 minutes ago
- The Advertiser
Donald Trump says Elon Musk ‘went crazy' over US EV subsidy cuts
The relationship between the world's richest man and the leader of the United States has rapidly and publicly deteriorated, and the latter says a dispute over electric vehicle (EV) subsidies is at the heart of it. "Elon [Musk] was "wearing thin," I asked him to leave. I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!" US President Donald Trump posted on his social media network Truth Social earlier today. "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!" President Trump's social media posts came shortly after Tesla CEO Elon Musk took to his own social media platform X overnight to oppose a piece of legislation the president is trying to have passed in Congress. He called on legislators to "kill the bill" that he said will grow the country's deficit to US$2.5 trillion (~A$3.85 trillion). After President Trump's Truth Social rebuttal, Mr Musk posted: "Such an obvious lie. So sad.". Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The Tesla CEO, who last Friday completed his term as a special government employee leading massive cost-cutting initiatives across the government, also re-shared a clip of himself from 2021 calling for EV subsidies to be scrapped, along with subsidies for oil and gas companies. He reiterated this earlier today, arguing President Trump's Republican party should "keep the EV/solar incentive cuts in the bill, even though no oil and gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill". Buyers of new EVs in the US can currently receive a full tax credit of US$7500 (A$11,550), provided the vehicles meet certain battery component requirements. Should the One Big Beautiful Bill Act pass in its current form, this tax credit – which depending on buyers' incomes, applies to certain Tesla Model 3, Model Y and Cybertruck vehicles – will be repealed. The drama has continued to unfold in the media and on X, with Mr Musk accusing President Trump of being in the Epstein Files – referring to files on deceased financier and sex trafficker Jeffrey Epstein – and appearing to support the impeachment of the president and the formation of a new political party. But looking back to the EV subsidies, which are much more pertinent to an automotive website, and finance institution JP Morgan said in a note to clients on Thursday that it estimated the loss of the EV tax credit could cost Tesla around US$1.2 billion (~A$1.85bn) annually. The public feud has already corresponded with an almost 15 per cent fall in the Tesla share price, wiping around US$150 billion (~A$231bn) from its value – the biggest hit to its market cap ever, pushing it below the US$1 trillion (~A$1.54 trillion) mark. This comes after Tesla's financials have also taken a hit. In the first three months of 2025, Tesla posted an operating income of US$399 million (A$624 million), down 66 per cent on the first quarter of 2024. Mr Musk also said earlier this month the success of Tesla can be measured by its stock value, not its sales figures, which he used as evidence showing the automaker's difficulties have already been overcome despite well-publicised declines. "Our sales our doing very well at this point; we don't anticipate any sales shortfall, and – you know – honestly, the stock market recognises that, we're now back over US$1 trillion [A$1.54 trillion] in market cap, so clearly the market is aware of the situation," he said. Following the US election, Tesla stock prices reached record highs of almost US$480 per share, however, this then dropped to about US$220 before recently starting to rise once again. At market close on Thursday, shares were sitting at US$284.70 (A$438). "We've lost some sales on the left, but we've gained them on the right – we see no problem with demand," said Mr Musk in May. Tesla has posted declines in markets including China and Australia in recent months. Perhaps the most worrying sign for Tesla is in Europe, where its sales plunged by 38.8 per cent when comparing January to April 2025 with the same period last year, according to data from the European Automobile Manufacturers Association. The only brands to post a bigger decline were Lancia/Chrysler, Smart and Jaguar. Content originally sourced from: The relationship between the world's richest man and the leader of the United States has rapidly and publicly deteriorated, and the latter says a dispute over electric vehicle (EV) subsidies is at the heart of it. "Elon [Musk] was "wearing thin," I asked him to leave. I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!" US President Donald Trump posted on his social media network Truth Social earlier today. "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!" President Trump's social media posts came shortly after Tesla CEO Elon Musk took to his own social media platform X overnight to oppose a piece of legislation the president is trying to have passed in Congress. He called on legislators to "kill the bill" that he said will grow the country's deficit to US$2.5 trillion (~A$3.85 trillion). After President Trump's Truth Social rebuttal, Mr Musk posted: "Such an obvious lie. So sad.". Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The Tesla CEO, who last Friday completed his term as a special government employee leading massive cost-cutting initiatives across the government, also re-shared a clip of himself from 2021 calling for EV subsidies to be scrapped, along with subsidies for oil and gas companies. He reiterated this earlier today, arguing President Trump's Republican party should "keep the EV/solar incentive cuts in the bill, even though no oil and gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill". Buyers of new EVs in the US can currently receive a full tax credit of US$7500 (A$11,550), provided the vehicles meet certain battery component requirements. Should the One Big Beautiful Bill Act pass in its current form, this tax credit – which depending on buyers' incomes, applies to certain Tesla Model 3, Model Y and Cybertruck vehicles – will be repealed. The drama has continued to unfold in the media and on X, with Mr Musk accusing President Trump of being in the Epstein Files – referring to files on deceased financier and sex trafficker Jeffrey Epstein – and appearing to support the impeachment of the president and the formation of a new political party. But looking back to the EV subsidies, which are much more pertinent to an automotive website, and finance institution JP Morgan said in a note to clients on Thursday that it estimated the loss of the EV tax credit could cost Tesla around US$1.2 billion (~A$1.85bn) annually. The public feud has already corresponded with an almost 15 per cent fall in the Tesla share price, wiping around US$150 billion (~A$231bn) from its value – the biggest hit to its market cap ever, pushing it below the US$1 trillion (~A$1.54 trillion) mark. This comes after Tesla's financials have also taken a hit. In the first three months of 2025, Tesla posted an operating income of US$399 million (A$624 million), down 66 per cent on the first quarter of 2024. Mr Musk also said earlier this month the success of Tesla can be measured by its stock value, not its sales figures, which he used as evidence showing the automaker's difficulties have already been overcome despite well-publicised declines. "Our sales our doing very well at this point; we don't anticipate any sales shortfall, and – you know – honestly, the stock market recognises that, we're now back over US$1 trillion [A$1.54 trillion] in market cap, so clearly the market is aware of the situation," he said. Following the US election, Tesla stock prices reached record highs of almost US$480 per share, however, this then dropped to about US$220 before recently starting to rise once again. At market close on Thursday, shares were sitting at US$284.70 (A$438). "We've lost some sales on the left, but we've gained them on the right – we see no problem with demand," said Mr Musk in May. Tesla has posted declines in markets including China and Australia in recent months. Perhaps the most worrying sign for Tesla is in Europe, where its sales plunged by 38.8 per cent when comparing January to April 2025 with the same period last year, according to data from the European Automobile Manufacturers Association. The only brands to post a bigger decline were Lancia/Chrysler, Smart and Jaguar. Content originally sourced from: The relationship between the world's richest man and the leader of the United States has rapidly and publicly deteriorated, and the latter says a dispute over electric vehicle (EV) subsidies is at the heart of it. "Elon [Musk] was "wearing thin," I asked him to leave. I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!" US President Donald Trump posted on his social media network Truth Social earlier today. "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!" President Trump's social media posts came shortly after Tesla CEO Elon Musk took to his own social media platform X overnight to oppose a piece of legislation the president is trying to have passed in Congress. He called on legislators to "kill the bill" that he said will grow the country's deficit to US$2.5 trillion (~A$3.85 trillion). After President Trump's Truth Social rebuttal, Mr Musk posted: "Such an obvious lie. So sad.". Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The Tesla CEO, who last Friday completed his term as a special government employee leading massive cost-cutting initiatives across the government, also re-shared a clip of himself from 2021 calling for EV subsidies to be scrapped, along with subsidies for oil and gas companies. He reiterated this earlier today, arguing President Trump's Republican party should "keep the EV/solar incentive cuts in the bill, even though no oil and gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill". Buyers of new EVs in the US can currently receive a full tax credit of US$7500 (A$11,550), provided the vehicles meet certain battery component requirements. Should the One Big Beautiful Bill Act pass in its current form, this tax credit – which depending on buyers' incomes, applies to certain Tesla Model 3, Model Y and Cybertruck vehicles – will be repealed. The drama has continued to unfold in the media and on X, with Mr Musk accusing President Trump of being in the Epstein Files – referring to files on deceased financier and sex trafficker Jeffrey Epstein – and appearing to support the impeachment of the president and the formation of a new political party. But looking back to the EV subsidies, which are much more pertinent to an automotive website, and finance institution JP Morgan said in a note to clients on Thursday that it estimated the loss of the EV tax credit could cost Tesla around US$1.2 billion (~A$1.85bn) annually. The public feud has already corresponded with an almost 15 per cent fall in the Tesla share price, wiping around US$150 billion (~A$231bn) from its value – the biggest hit to its market cap ever, pushing it below the US$1 trillion (~A$1.54 trillion) mark. This comes after Tesla's financials have also taken a hit. In the first three months of 2025, Tesla posted an operating income of US$399 million (A$624 million), down 66 per cent on the first quarter of 2024. Mr Musk also said earlier this month the success of Tesla can be measured by its stock value, not its sales figures, which he used as evidence showing the automaker's difficulties have already been overcome despite well-publicised declines. "Our sales our doing very well at this point; we don't anticipate any sales shortfall, and – you know – honestly, the stock market recognises that, we're now back over US$1 trillion [A$1.54 trillion] in market cap, so clearly the market is aware of the situation," he said. Following the US election, Tesla stock prices reached record highs of almost US$480 per share, however, this then dropped to about US$220 before recently starting to rise once again. At market close on Thursday, shares were sitting at US$284.70 (A$438). "We've lost some sales on the left, but we've gained them on the right – we see no problem with demand," said Mr Musk in May. Tesla has posted declines in markets including China and Australia in recent months. Perhaps the most worrying sign for Tesla is in Europe, where its sales plunged by 38.8 per cent when comparing January to April 2025 with the same period last year, according to data from the European Automobile Manufacturers Association. The only brands to post a bigger decline were Lancia/Chrysler, Smart and Jaguar. Content originally sourced from: The relationship between the world's richest man and the leader of the United States has rapidly and publicly deteriorated, and the latter says a dispute over electric vehicle (EV) subsidies is at the heart of it. "Elon [Musk] was "wearing thin," I asked him to leave. I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!" US President Donald Trump posted on his social media network Truth Social earlier today. "The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!" President Trump's social media posts came shortly after Tesla CEO Elon Musk took to his own social media platform X overnight to oppose a piece of legislation the president is trying to have passed in Congress. He called on legislators to "kill the bill" that he said will grow the country's deficit to US$2.5 trillion (~A$3.85 trillion). After President Trump's Truth Social rebuttal, Mr Musk posted: "Such an obvious lie. So sad.". Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. The Tesla CEO, who last Friday completed his term as a special government employee leading massive cost-cutting initiatives across the government, also re-shared a clip of himself from 2021 calling for EV subsidies to be scrapped, along with subsidies for oil and gas companies. He reiterated this earlier today, arguing President Trump's Republican party should "keep the EV/solar incentive cuts in the bill, even though no oil and gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill". Buyers of new EVs in the US can currently receive a full tax credit of US$7500 (A$11,550), provided the vehicles meet certain battery component requirements. Should the One Big Beautiful Bill Act pass in its current form, this tax credit – which depending on buyers' incomes, applies to certain Tesla Model 3, Model Y and Cybertruck vehicles – will be repealed. The drama has continued to unfold in the media and on X, with Mr Musk accusing President Trump of being in the Epstein Files – referring to files on deceased financier and sex trafficker Jeffrey Epstein – and appearing to support the impeachment of the president and the formation of a new political party. But looking back to the EV subsidies, which are much more pertinent to an automotive website, and finance institution JP Morgan said in a note to clients on Thursday that it estimated the loss of the EV tax credit could cost Tesla around US$1.2 billion (~A$1.85bn) annually. The public feud has already corresponded with an almost 15 per cent fall in the Tesla share price, wiping around US$150 billion (~A$231bn) from its value – the biggest hit to its market cap ever, pushing it below the US$1 trillion (~A$1.54 trillion) mark. This comes after Tesla's financials have also taken a hit. In the first three months of 2025, Tesla posted an operating income of US$399 million (A$624 million), down 66 per cent on the first quarter of 2024. Mr Musk also said earlier this month the success of Tesla can be measured by its stock value, not its sales figures, which he used as evidence showing the automaker's difficulties have already been overcome despite well-publicised declines. "Our sales our doing very well at this point; we don't anticipate any sales shortfall, and – you know – honestly, the stock market recognises that, we're now back over US$1 trillion [A$1.54 trillion] in market cap, so clearly the market is aware of the situation," he said. Following the US election, Tesla stock prices reached record highs of almost US$480 per share, however, this then dropped to about US$220 before recently starting to rise once again. At market close on Thursday, shares were sitting at US$284.70 (A$438). "We've lost some sales on the left, but we've gained them on the right – we see no problem with demand," said Mr Musk in May. Tesla has posted declines in markets including China and Australia in recent months. Perhaps the most worrying sign for Tesla is in Europe, where its sales plunged by 38.8 per cent when comparing January to April 2025 with the same period last year, according to data from the European Automobile Manufacturers Association. The only brands to post a bigger decline were Lancia/Chrysler, Smart and Jaguar. Content originally sourced from:
The Advertiser
12 minutes ago
- The Advertiser
Judge blocks Trump's Harvard international students ban
A federal judge has temporarily blocked President Donald Trump from barring US entry of foreign nationals seeking to study or participate in exchange programs at Harvard University. Under a two-page temporary restraining order granted to Harvard, US District Judge Allison Burroughs on Thirsday enjoined Trump's proclamation from taking effect pending further litigation of the matter amid an escalating dispute between the Ivy League school and Republican president. The judge ruled Trump's directive prohibiting foreign nationals from entering the United States to study at Harvard for the next six months would cause "immediate and irreparable injury" before the courts have a chance to review the case. Burroughs in May had blocked Trump from implementing a separate order prohibiting Harvard from enrolling international students, who make up more than a quarter of its student body. Harvard on Thursday amended its lawsuit to challenge the new directive, claiming Trump is violating Burroughs' decision. "The Proclamation denies thousands of Harvard's students the right to come to this country to pursue their education and follow their dreams, and it denies Harvard the right to teach them. Without its international students, Harvard is not Harvard," the school said in the filing. Burroughs' order on Thursday also continued a separate temporary restraining order she issued on May 23 against the administration's restriction on international student enrolment at Harvard. Earlier on Thursday, White House spokesperson Abigail Jackson called Harvard "a hotbed of anti-American, anti-Semitic, pro-terrorist agitators," claims that the school has previously denied. "Harvard's behaviour has jeopardised the integrity of the entire US student and exchange visitor visa system and risks compromising national security. Now it must face the consequences of its actions," Jackson said in a statement. Trump cited national security concerns as justification for barring international students from entering the US to pursue studies at the Cambridge, Massachusetts-based university. Under Trump's proclamation, the suspension would initially be for six months but could be extended. Trump's order also directed the US State Department to consider revoking academic or exchange visas of any current Harvard students who meet his proclamation's criteria. In Thursday's court filing, Harvard said Trump had violated federal law by failing to back up his claims about national security. "The Proclamation does not deem the entry of an alien or class of aliens to be detrimental to the interests of the United States, because non-citizens who are impacted by the Proclamation can enter the United States — just so long as they go somewhere other than Harvard," the school said. The Trump administration has launched a multi-front attack on the nation's oldest and wealthiest university, freezing billions of dollars in grants and other funding and proposing to end its tax-exempt status, prompting a series of legal challenges. Harvard argues the administration is retaliating against it for refusing to accede to demands to control the school's governance, curriculum and the ideology of its faculty and students. A federal judge has temporarily blocked President Donald Trump from barring US entry of foreign nationals seeking to study or participate in exchange programs at Harvard University. Under a two-page temporary restraining order granted to Harvard, US District Judge Allison Burroughs on Thirsday enjoined Trump's proclamation from taking effect pending further litigation of the matter amid an escalating dispute between the Ivy League school and Republican president. The judge ruled Trump's directive prohibiting foreign nationals from entering the United States to study at Harvard for the next six months would cause "immediate and irreparable injury" before the courts have a chance to review the case. Burroughs in May had blocked Trump from implementing a separate order prohibiting Harvard from enrolling international students, who make up more than a quarter of its student body. Harvard on Thursday amended its lawsuit to challenge the new directive, claiming Trump is violating Burroughs' decision. "The Proclamation denies thousands of Harvard's students the right to come to this country to pursue their education and follow their dreams, and it denies Harvard the right to teach them. Without its international students, Harvard is not Harvard," the school said in the filing. Burroughs' order on Thursday also continued a separate temporary restraining order she issued on May 23 against the administration's restriction on international student enrolment at Harvard. Earlier on Thursday, White House spokesperson Abigail Jackson called Harvard "a hotbed of anti-American, anti-Semitic, pro-terrorist agitators," claims that the school has previously denied. "Harvard's behaviour has jeopardised the integrity of the entire US student and exchange visitor visa system and risks compromising national security. Now it must face the consequences of its actions," Jackson said in a statement. Trump cited national security concerns as justification for barring international students from entering the US to pursue studies at the Cambridge, Massachusetts-based university. Under Trump's proclamation, the suspension would initially be for six months but could be extended. Trump's order also directed the US State Department to consider revoking academic or exchange visas of any current Harvard students who meet his proclamation's criteria. In Thursday's court filing, Harvard said Trump had violated federal law by failing to back up his claims about national security. "The Proclamation does not deem the entry of an alien or class of aliens to be detrimental to the interests of the United States, because non-citizens who are impacted by the Proclamation can enter the United States — just so long as they go somewhere other than Harvard," the school said. The Trump administration has launched a multi-front attack on the nation's oldest and wealthiest university, freezing billions of dollars in grants and other funding and proposing to end its tax-exempt status, prompting a series of legal challenges. Harvard argues the administration is retaliating against it for refusing to accede to demands to control the school's governance, curriculum and the ideology of its faculty and students. A federal judge has temporarily blocked President Donald Trump from barring US entry of foreign nationals seeking to study or participate in exchange programs at Harvard University. Under a two-page temporary restraining order granted to Harvard, US District Judge Allison Burroughs on Thirsday enjoined Trump's proclamation from taking effect pending further litigation of the matter amid an escalating dispute between the Ivy League school and Republican president. The judge ruled Trump's directive prohibiting foreign nationals from entering the United States to study at Harvard for the next six months would cause "immediate and irreparable injury" before the courts have a chance to review the case. Burroughs in May had blocked Trump from implementing a separate order prohibiting Harvard from enrolling international students, who make up more than a quarter of its student body. Harvard on Thursday amended its lawsuit to challenge the new directive, claiming Trump is violating Burroughs' decision. "The Proclamation denies thousands of Harvard's students the right to come to this country to pursue their education and follow their dreams, and it denies Harvard the right to teach them. Without its international students, Harvard is not Harvard," the school said in the filing. Burroughs' order on Thursday also continued a separate temporary restraining order she issued on May 23 against the administration's restriction on international student enrolment at Harvard. Earlier on Thursday, White House spokesperson Abigail Jackson called Harvard "a hotbed of anti-American, anti-Semitic, pro-terrorist agitators," claims that the school has previously denied. "Harvard's behaviour has jeopardised the integrity of the entire US student and exchange visitor visa system and risks compromising national security. Now it must face the consequences of its actions," Jackson said in a statement. Trump cited national security concerns as justification for barring international students from entering the US to pursue studies at the Cambridge, Massachusetts-based university. Under Trump's proclamation, the suspension would initially be for six months but could be extended. Trump's order also directed the US State Department to consider revoking academic or exchange visas of any current Harvard students who meet his proclamation's criteria. In Thursday's court filing, Harvard said Trump had violated federal law by failing to back up his claims about national security. "The Proclamation does not deem the entry of an alien or class of aliens to be detrimental to the interests of the United States, because non-citizens who are impacted by the Proclamation can enter the United States — just so long as they go somewhere other than Harvard," the school said. The Trump administration has launched a multi-front attack on the nation's oldest and wealthiest university, freezing billions of dollars in grants and other funding and proposing to end its tax-exempt status, prompting a series of legal challenges. Harvard argues the administration is retaliating against it for refusing to accede to demands to control the school's governance, curriculum and the ideology of its faculty and students. A federal judge has temporarily blocked President Donald Trump from barring US entry of foreign nationals seeking to study or participate in exchange programs at Harvard University. Under a two-page temporary restraining order granted to Harvard, US District Judge Allison Burroughs on Thirsday enjoined Trump's proclamation from taking effect pending further litigation of the matter amid an escalating dispute between the Ivy League school and Republican president. The judge ruled Trump's directive prohibiting foreign nationals from entering the United States to study at Harvard for the next six months would cause "immediate and irreparable injury" before the courts have a chance to review the case. Burroughs in May had blocked Trump from implementing a separate order prohibiting Harvard from enrolling international students, who make up more than a quarter of its student body. Harvard on Thursday amended its lawsuit to challenge the new directive, claiming Trump is violating Burroughs' decision. "The Proclamation denies thousands of Harvard's students the right to come to this country to pursue their education and follow their dreams, and it denies Harvard the right to teach them. Without its international students, Harvard is not Harvard," the school said in the filing. Burroughs' order on Thursday also continued a separate temporary restraining order she issued on May 23 against the administration's restriction on international student enrolment at Harvard. Earlier on Thursday, White House spokesperson Abigail Jackson called Harvard "a hotbed of anti-American, anti-Semitic, pro-terrorist agitators," claims that the school has previously denied. "Harvard's behaviour has jeopardised the integrity of the entire US student and exchange visitor visa system and risks compromising national security. Now it must face the consequences of its actions," Jackson said in a statement. Trump cited national security concerns as justification for barring international students from entering the US to pursue studies at the Cambridge, Massachusetts-based university. Under Trump's proclamation, the suspension would initially be for six months but could be extended. Trump's order also directed the US State Department to consider revoking academic or exchange visas of any current Harvard students who meet his proclamation's criteria. In Thursday's court filing, Harvard said Trump had violated federal law by failing to back up his claims about national security. "The Proclamation does not deem the entry of an alien or class of aliens to be detrimental to the interests of the United States, because non-citizens who are impacted by the Proclamation can enter the United States — just so long as they go somewhere other than Harvard," the school said. The Trump administration has launched a multi-front attack on the nation's oldest and wealthiest university, freezing billions of dollars in grants and other funding and proposing to end its tax-exempt status, prompting a series of legal challenges. Harvard argues the administration is retaliating against it for refusing to accede to demands to control the school's governance, curriculum and the ideology of its faculty and students.
Sky News AU
an hour ago
- Sky News AU
Elon Musk might have ‘Trump Derangement Syndrome'
New York Post's White House Correspondent Diana Glebova discusses the fallout between US President Donald Trump and billionaire Elon Musk. 'I think the President touched upon some of these things, but it really started with the Big Beautiful Bill,' Ms Glebova told Sky News host Steve Price. 'When he left, I think that he got the sense that he had a little bit more freedom to criticise the President. 'With Musk going out after the bill, that made Trump really mad. 'He might have Trump Derangement Syndrome – that's what Trump said.'
