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Stock Movers: Tesla, CrowdStrike, Oracle

Stock Movers: Tesla, CrowdStrike, Oracle

Bloomberg6 days ago
On this episode of Stock Movers: - Tesla (TSLA) falls as much as 7.6% in premarket trading on concern that Elon Musk's move to form a new political party will draw a backlash from President Donald Trump. - CrowdStrike Holdings (CRWD) slides 1.8% in US premarket trading. Piper Sandler cut the software company to neutral from overweight after it surpassed the investment bank's price target. - OpenAI has agreed to rent a massive amount of computing power from Oracle (ORCL) data centers as part of its Stargate initiative, underscoring the intense requirements for cutting-edge artificial intelligence products.The AI company will rent additional capacity from Oracle totaling about 4.5 gigawatts of data center power in the US, according to people familiar with the work who asked not to be named discussing private information.
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New Senate report on Trump assassination attempt calls for more severe disciplinary action
New Senate report on Trump assassination attempt calls for more severe disciplinary action

CNBC

time31 minutes ago

  • CNBC

New Senate report on Trump assassination attempt calls for more severe disciplinary action

A new Senate report on the attempted assassination of President Donald Trump at a campaign rally in Butler, Pennsylvania, last summer has revealed "multiple, unacceptable failures" in the U.S. Secret Service's planning and response, and called for more severe disciplinary action. Trump, then a presidential candidate, was grazed by a bullet during the rally as 20-year-old gunman Thomas Crooks fired eight shots. One attendee, Corey Comperatore, was killed, and two others were injured. A sniper subsequently killed the gunman, but the attack prompted questions about how Crooks was able to avoid detection by the country's top protective agency for nearly 45 minutes. "What happened was inexcusable and the consequences imposed for the failures so far do not reflect the severity of the situation," stated the report released Sunday by the Homeland Security and Governmental Affairs Committee, chaired by Sen. Rand Paul, R-Ky. Last December, a House task force investigating the incident made nearly a dozen recommendations for the Secret Service in a 180-page report that determined the shooting was "preventable." The latest report details a series of breakdowns that reveal "a disturbing pattern of communication failure and negligence that culminated in a preventable tragedy." It said the USSS became aware of a suspicious individual "nearly 45 minutes before shots were fired, and failed to act." Despite advance knowledge of line-of-sight vulnerabilities at the venue, officials did not address them, the report said, adding the agency assigned an inexperienced operator to oversee counter-unmanned aerial systems and that USSS headquarters "denied or left-unfulfilled at least 10 requests" by the Donald Trump Division for additional resources, including countersniper personnel. Last July, six Secret Service employees were suspended without pay, an agency official told NBC News last week. The suspensions ranged from 10 to 42 days without pay. It is unclear when the agents were formally suspended. Less than two weeks after the incident, Kimberly Cheatle stepped down as director of the Secret Service amid bipartisan calls for her resignation. At the time, she said she took "full responsibility for the security lapse." But the report also criticized the agency for "insufficient accountability" following the attack. "Not a single person has been fired," it said. "The Committee believes more than six individuals should have received disciplinary action as a result of their action (or inaction) on July 13, 2024. Those who were disciplined received penalties far too weak to match the severity of the failures." Investigators also found that the Secret Service "denied or left unfulfilled" multiple requests for additional staff, assets and resources to protect Trump. "This was not a single error. It was a cascade of preventable failures that nearly cost President Trump his life," it said. "The American people deserve better." On Saturday, Senate Judiciary Committee Chairman Chuck Grassley, R-Iowa, released a separate Government Accountability Office report saying the USSS "failed to implement security measures that could have prevented the assassination attempt." "Prior to the July 13 rally, senior-level Secret Service officials became aware of a threat to then-former President Trump," the GAO report said. "This information was not specific to the July 13 rally or gunman. Nonetheless, due to the Secret Service's siloed practice for sharing classified threat information, Secret Service and local law enforcement personnel central to developing site security plans for the rally were unaware of the threat." In an interview with ABC News before she resigned, Cheatle said there was a "short period" of time between when the gunman was initially flagged as suspicious and when he began shooting. December's House investigation praised the response of the Secret Service to the second assassination attempt on Trump in September in West Palm Beach, Florida, crediting it for demonstrating "how properly executed protective measures can foil an attempted assassination."

Trump Tries to Bury Epstein Scandal, but Elon Musk Won't Let Him
Trump Tries to Bury Epstein Scandal, but Elon Musk Won't Let Him

Gizmodo

time35 minutes ago

  • Gizmodo

Trump Tries to Bury Epstein Scandal, but Elon Musk Won't Let Him

Elon Musk seems convinced he's finally found Donald Trump's Achilles' heel, the one issue that could fracture the unshakable loyalty of the Make America Great Again (MAGA) movement: the infamous Epstein files and their handling by the Trump administration. For years, the unsealing of Jeffrey Epstein's records has been a holy grail for many on the right. The belief, fanned by influencers now in seats of power, was that the files contained a secret 'client list' that would expose widespread corruption and depravity among powerful Democrats and 'deep state' figures. It was seen as the ultimate political weapon. FBI Director Kash Patel, in his former life as a right-wing media personality, told Glenn Beck in 2023 that Trump should 'on Day 1, roll out the 'black book'.' This long-held anticipation is what made the administration's recent announcement so explosive. On July 7, the Department of Justice and the FBI released a joint memo concluding their review found no mythical client list and no new information that could lead to charges. The long-awaited bombshell was a dud, and the fallout has been swift, creating deep fissures within the administration itself. According to multiple reports, a major fracture has emerged between the leadership of the DOJ and the FBI over the handling of the case files. The infighting boiled over when conservative commentator Dan Bongino, now the Deputy Director of the FBI, reportedly criticized Attorney General Pam Bondi's handling of the review in a White House meeting. Reports from Fox News and other outlets suggest Bongino distanced himself from the findings and is considering resigning in protest. Amid the chaos, FBI Director Kash Patel posted a carefully worded statement on X. 'The conspiracy theories just aren't true, never have been,' Patel wrote on July 12, without clarifying if he was denying reports about the feud or a potential Bongino resignation. 'It's an honor to serve the President of the United States @realDonaldTrump — and I'll continue to do so for as long as he calls on me.' The conspiracy theories just aren't true, never have been. It's an honor to serve the President of the United States @realDonaldTrump — and I'll continue to do so for as long as he calls on me. — Kash Patel (@Kash_Patel) July 12, 2025This internal revolt prompted President Trump to intervene. In a lengthy message on Truth Social, he attempted to shut down the controversy by framing the entire Epstein affair as a conspiracy orchestrated by his political enemies. 'They created the Epstein Files, just like they created the FAKE Hillary Clinton/Christopher Steele Dossier,' Trump wrote, urging his allies to stop 'playing right into their hands.' He ordered his team to refocus on his own political grievances and to 'not waste Time and Energy on Jeffrey Epstein, somebody that nobody cares about.' 'LET PAM BONDI DO HER JOB — SHE'S GREAT!' the president concluded. But where Trump saw a political inconvenience, Elon Musk, the CEO of Tesla and founder of SpaceX, saw a profound moral failure. In a direct reply on X, Musk ignored Trump's entire political narrative. Instead, he zeroed in on the core injustice of the scandal, amplifying the outrage that Trump sought to extinguish. 'This is a very big deal,' Musk posted to his hundreds of millions of followers. 'What the hell kind of system are we living in if thousands of kids were abused, the government has videos of the abusers and yet none of the abusers are even facing charges!?' This is a very big deal. What the hell kind of system are we living in if thousands of kids were abused, the government has videos of the abusers and yet none of the abusers are even facing charges!? — Elon Musk (@elonmusk) July 13, 2025The rebuke was immediate and powerful. While Trump tried to control his political universe, Musk used his immense platform to declare that justice for abused children was more important than political games. The split highlights a fundamental difference between the two men: Trump views the world through the lens of political power, while Musk, in this instance, has positioned himself as a champion for basic justice. This public disagreement marks one of the most significant moments of dissent from within Trump's orbit and appears to be the latest flashpoint in a rapidly escalating political divorce. Their once-tight alliance, which saw Musk lead a government efficiency task force (DOGE), has fractured in recent weeks over fundamental disagreements on policy. The rift burst into public view over Trump's 'One Big Beautiful Bill,' a sweeping tax and spending package that Musk lambasted as a 'disgusting abomination.' I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it. — Elon Musk (@elonmusk) June 3, 2025That policy disagreement quickly morphed into a direct political challenge. In early July, Musk announced the formation of 'America Party,' a third-party movement aimed at challenging the political establishment. The move was a clear signal that Musk was no longer content to be a Trump ally. While their previous fights were over fiscal policy and political strategy, this latest clash over Jeffrey Epstein is different. By refusing to let the Epstein story be swept under the rug, Musk is using his platform to force a conversation that Trump desperately wants to end, proving he is one of the few figures on the right willing and able to defy the president so directly.

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