Public spat between Musk and Trump; Search continues for Travis Decker
PHOENIX - From the online spat involving President Trump and Elon Musk to the first day of Lori Vallow Daybell's second and final trial in Arizona, here's a look at some of the top stories on FOX10Phoenix.com for Thursday, June 5, 2025.
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Yahoo
20 minutes ago
- Yahoo
Morgan Stanley Hunts for xAI Debt Buyers After Musk-Trump Feud
(Bloomberg) -- Morgan Stanley is reaching out to a broader pool of investors to shore up demand for a $5 billion debt sale for Elon Musk's artificial intelligence startup xAI Corp., a deal that offers a window into the fallout from the billionaire's feud with US President Donald Trump. Next Stop: Rancho Cucamonga! Where Public Transit Systems Are Bouncing Back Around the World Trump Said He Fired the National Portrait Gallery Director. She's Still There. NYC Mayoral Candidates All Agree on Building More Housing. But Where? US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn When Morgan Stanley launched the debt offering early last week, it already had more than $3.5 billion in orders. Some investors took that as a sign that the deal would soon be oversubscribed, a goal that has been easily exceeded for other Musk-related offerings. As of Monday, though, demand was only up to around $5 billion, and the bank began reaching out to smaller lenders who had not been given access last week, according to people familiar with the deal. The bank still intends to finalize the investor list by June 17 as originally planned. Typically, banks want demand to be substantially higher than the actual deal size so they have more flexibility on pricing and terms. Morgan Stanley declined to comment. xAI did not immediately respond to a request for comment. The effort to borrow money for xAI, which is now worth $94 billion, offers one of the first indications of how the rift between Trump and Musk might hit Musk's broader network of private companies, which includes SpaceX and Neuralink. The market value of his biggest company, Tesla Inc., has fallen by around $75 billion since last Thursday, when Musk and Trump took aim at each other on social media. The debt package includes a floating-rate term loan, a fixed-rate term loan and senior secured notes, Bloomberg reported previously. Last week, investors were told that the senior notes would offer a yield of roughly 12%. Some investors are now expecting that the company will need to pay more than that to close the deal, people familiar with the negotiations said. Musk recently merged xAI with his social-networking platform X, formerly known as Twitter Inc., into a combined company called XAI Holdings. In meetings Thursday, investors who were willing to write checks of at least $50 million were allowed to view limited statistics about the company, including revenue, earnings, cash flow and projections, Bloomberg previously reported. The figures showed a company that is still spending far more than it brings in. But that had not dimmed enthusiasm about a company operating at the center of the fastest growing part of the technology industry. Investors were told last week that the company is worth $94 billion, up from $51 billion at the end of 2024. Credit investors were particularly excited because it offered them a rare opportunity to get exposure to the AI industry, which is generally only accessible to equity investors. Some potential lenders said they were initially drawn to the deal, in part, because of Musk's good relationship with Trump and are now approaching it with more caution because of the feud. Trump said last week that he would consider ending government contracts with Musk's companies. This is all a very different situation from a few months ago, when Morgan Stanley was selling some of the remaining debt from Musk's acquisition of X. The bank was able to easily unload the loans as Musk's relationship with Trump helped attract buyers. The value of those loans, which fell to as low as 95 cents on the dollar after the feud broke out on Thursday, recovered somewhat on Friday but was down again slightly on Monday. --With assistance from Eliza Ronalds-Hannon. New Grads Join Worst Entry-Level Job Market in Years The SEC Pinned Its Hack on a Few Hapless Day Traders. The Full Story Is Far More Troubling Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again What America's Pizza Economy Is Telling Us About the Real One America Cast Itself as the World's Moral Leader. Not Anymore ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Verge
31 minutes ago
- The Verge
Apple's big updates for Intel-based Macs will end with Tahoe
Macs equipped with an Intel chip will no longer receive major software updates after the release of macOS Tahoe this fall. During the WWDC Platforms State of the Union keynote, Matthew Firlik, Apple's senior director of developer relations, announced that macOS Tahoe 'will be the final release for Intel Macs.' After launching its first in-house processor in 2020, Apple completed its transition away from Intel with the launch of the Mac Pro in 2023. Intel-based Macs compatible with macOS Tahoe, such as the 16-inch MacBook Pro released in 2019, will continue to receive security updates for three years, according to Apple spokesperson Lauren Klug. 'Apple silicon enables us all to achieve things that were previously unimaginable, and it's time to put all of our focus and innovation there,' Firlik said. 'If you've not done so already, now is a great time to help your users migrate to the Apple silicon versions of your apps.' Here's a full list of devices compatible with macOS Tahoe, as shown on Apple's website: MacBook Air with Apple silicon (2020 and later) MacBook Pro with Apple silicon (2020 and later) MacBook Pro (16‑inch, 2019) MacBook Pro (13‑inch, 2020, four Thunderbolt 3 ports) iMac (2020 and later) Mac mini (2020 and later) Mac Studio (2022 and later) Mac Pro (2019 and later) Apple is carrying over its new Liquid Glass design language to macOS Tahoe, as well as several new features, such as a more powerful version of Spotlight, support for the iPhone's Live Activities, and the Phone app.
New York Times
33 minutes ago
- New York Times
Waymo Limits Service in San Francisco as Immigration Protests Spread
After protesters set fire to five Waymo robot taxis in Los Angeles on Sunday, the company on Monday began preemptively limiting rides to areas of San Francisco where people were expected to gather to show their opposition to President Trump's immigration policies. Waymo declined to say where in San Francisco it would suspend its service or for how long. Its robot taxis are popular in the city and have become a tourist attraction. The vehicles, which are electric Jaguar I-Paces and include dozens of cameras and sensors, cost around $100,000 each. 'We're aware of potential protests and will not be providing service in the areas protesters may be gathering out of abundance of caution,' a company spokeswoman said in a statement. The robot taxis have become a way for some protesters to display resistance to the tech industry's close ties to the Trump administration, said Elise Joshi, an activist in San Francisco who attended rallies on Monday. 'Waymos don't have human drivers, they're devoid of humanity,' she said. Destroyed robot taxis are 'symbolic of the attempts, throughout the history of this country, by the tech industry to strip us of community.' Waymo's actions in San Francisco followed the burning of its self-driving cars in Los Angeles on Sunday, where hundreds of people have demonstrated in recent days against the Trump administration's escalating immigration enforcement activity. Images of burned Waymos — including one protester with a Mexican flag posing for photos above the scorched cars — quickly spread online. Elon Musk and right-wing influencers then shared the image and others like it as emblems of the supposed dysfunction in Los Angeles. Waymo cut its service off in downtown Los Angeles on Sunday evening, in coordination with the Los Angeles Police Department, a company spokeswoman said. She said its vehicles were simply in the wrong place at the wrong time and added that the company did not know if the damaged vehicles were hailed by protesters with the intention of being destroyed, or if they were just dropping off riders in the area. Waymo announced in November that its service was 'open to all in Los Angeles.' In 2023, Mayor Karen Bass sent a letter to the California Public Utilities Commission highlighting several incidents with self-driving taxis and arguing that more testing was needed. Other groups, including disability rights organizations, have argued that autonomous taxis can help their constituents. In May, Waymo said it was providing more than 250,000 paid robot taxi rides a week in Los Angeles, San Francisco, Austin and Phoenix.
