Trump and Musk not expected to speak on Friday
US President Donald Trump and his one-time close ally, billionaire Elon Musk, were now not expected to talk on Friday, despite efforts by White House aides to get a truce after a huge public clash the previous day.
A White House official told Reuters that no call was planned for Friday. An official had said earlier that the two men would speak on Friday.
A call could ease the feuding after an extraordinary day of hostilities – largely conducted over social media – that marked a stark end to a close alliance.
Shares in Musk's Tesla closed down over 14 per cent on Thursday, losing about US$150 billion in market value in the largest single-day decline in value in the electric vehicle maker's history.
In pre-market trading on Friday they reduced some of those losses, rising as much as 5 per cent after the early news that the two men were scheduled to speak.
01:39
Bromance implodes as Trump 'very disappointed' by Musk's bill criticism
Bromance implodes as Trump 'very disappointed' by Musk's bill criticism
Musk had bankrolled a large part of Trump's presidential campaign and was then brought in as one of the president's most visible advisers, heading up a sweeping and controversial effort to downsize the federal workforce and slash spending.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RTHK
an hour ago
- RTHK
Russia launches major attack on Ukraine, killing 5
Russia launches major attack on Ukraine, killing 5 A firefighter inspects burned-out apartments following a drone and missile attack on Kharkiv, Ukraine. Photo: AFP Officials said a large Russian drone-and-missile attack targeted Ukraine's eastern city of Kharkiv on Saturday, killing at least five people and wounding 21. The barrage — the latest in near daily attacks — included aerial glide bombs. The intensity of the Russian attacks on Ukraine over the past weeks has further dampened hopes the two sides could reach a peace deal anytime soon — especially after Kyiv launched a surprise drone attack on military airfields deep inside Russia. According to Ukraine's Air Force, Russia struck with 215 missiles and drones overnight, and Ukrainian air defences shot down and neutralised 87 drones and seven missiles. Several other areas in Ukraine were also hit. There was no immediate comment from Moscow on the latest attack, but US President Donald Trump said this week that Russian leader Vladimir Putin told him Moscow would respond to Ukraine's attack on Russian military airfields last Sunday. A US-led diplomatic push for a settlement has brought two rounds of direct peace talks between delegations from Russia and Ukraine, though the negotiations delivered no significant breakthroughs. (Agencies)
South China Morning Post
3 hours ago
- South China Morning Post
In Trump's America, foreign students have become ‘expendable' after a broken promise
To attract the brightest minds to America, President Donald Trump proposed a novel idea while campaigning: If elected, he would grant green cards to all foreign students who graduate from US colleges. 'It's so sad when we lose people from Harvard, MIT, from the greatest schools,' Trump said during a podcast interview last June. 'That is going to end on Day One.' That promise never came to pass. Trump's stance on welcoming foreign students has shifted dramatically. International students have found themselves at the centre of an escalating campaign to kick them out or keep them from coming as his administration merges a crackdown on immigration with an effort to reshape higher education. An avalanche of policies from the Trump administration – such as terminating students' ability to study in the US, halting all new student visa interviews and moving to block foreign enrolment at Harvard – has triggered lawsuits, countersuits and confusion. Foreign students say they feel targeted on multiple fronts. Late on Wednesday, Trump himself took the latest action against international students, signing a proclamation barring nearly all foreigners from entering the country to attend Harvard. A federal judge temporarily blocked the order the following day. In interviews, students from around the world described how it feels to be an international student today in America. Their accounts highlight pervasive feelings of fear, anxiety and insecurity that have made them more cautious in their daily lives, distracted them from schoolwork and prompted many to cancel trips home because they fear not being allowed to return. For many, the last few months have forced them to rethink their dreams of building a life in America.
South China Morning Post
5 hours ago
- South China Morning Post
Judge approves US$2.8 billion deal that paves way for US colleges to pay athletes millions
A federal judge signed off on arguably the biggest change in the history of college sports on Friday, clearing the way for schools to begin paying their athletes millions of dollars as soon as next month as the multibillion-dollar industry shreds the last vestiges of the amateur model that defined it for more than a century. Nearly five years after Arizona State swimmer Grant House sued the NCAA and its five biggest conferences to lift restrictions on revenue sharing, US Judge Claudia Wilken approved the final proposal, which had been hung up on roster limits, just one of many changes ahead amid concerns that thousands of walk-on athletes would lose their chance to play college sports. The sweeping terms of the so-called House settlement include approval for each school to share up to US$20.5 million with athletes over the next year and US$2.7 billion that will be paid over the next decade to thousands of former players who were barred from that revenue for years. The agreement brings a seismic shift to hundreds of schools that were forced to reckon with the reality that their players are the ones producing the billions in TV and other revenue, mostly through football and basketball, that keep this machine humming. The scope of the changes – some have already begun – is difficult to overstate. The professionalisation of college athletics will be seen in the high-stakes and expensive recruitment of stars on their way to the NFL and NBA, and they will be felt by athletes whose schools have decided to pare their programmes. The agreement will resonate in almost all the NCAA's 1,100 member schools, boasting nearly 500,000 athletes. The road to a settlement
