Latest news with #BudgetBill
CBS News
2 hours ago
- Politics
- CBS News
When do polls open in the 2025 New Jersey primary election?
How candidates for N.J. governor are reacting to the so-called "big, beautiful" budget bill How candidates for N.J. governor are reacting to the so-called "big, beautiful" budget bill How candidates for N.J. governor are reacting to the so-called "big, beautiful" budget bill New Jersey voters are heading to the polls today to choose the Democratic and Republican nominees for governor in the 2025 primary elections. The winner of each party's primary will advance to the November general election. New Jersey primary election poll hours Voters can cast their ballots at polling places across New Jersey starting at 6 a.m. on Tuesday, June 10. Polls close at 8 p.m. Those in line before the polls close will be allowed to vote. CLICK HERE to find your polling place. How to vote in the New Jersey primary There are three ways to vote in the New Jersey primary, including by mail, in-person early voting or at your polling place on the day of the election. If you are a registered Democrat or Republican, you may vote only in your party's primary. Unaffiliated voters must declare which party's primary they are going to vote in. Remember to check the deadlines if you plan to vote by mail-in ballot. The early voting window closed on June 8. Does New Jersey require voter ID? For the most part, New Jersey does not require people to present ID when voting. Voters will be asked to show ID at their polling place if they did not present it when registering. In certain situations, voters will be given a provisional ballot. Who is running for New Jersey governor? There are six Democrats and five Republicans running for governor of New Jersey. The Democratic primary candidates are Newark Mayor Ras Baraka, Jersey City Mayor Steve Fulop, U.S. Rep. Josh Gottheimer, U.S. Rep. Mikie Sherrill, New Jersey Education Association President Sean Spiller, and former State Senate President Steve Sweeney. The Republican primary candidates are Burlington County contractor and business owner Justin Barbera, State Sen. Jon Bramnick, former State Assemblyman Jack Ciattarelli, lawyer and former Englewood Cliffs Mayor Mario Kranjac, and former radio host Bill Spadea. Gov. Phil Murphy, who narrowly defeated Ciattarelli in the 2021 general election, is term-limited and cannot run for reelection. CLICK HERE to watch interviews with the candidates.
Time of India
4 days ago
- Business
- Time of India
Trump vs Musk turns ugly; Biopeak‘s fresh funding
Trump vs Musk turns ugly; Biopeak's fresh funding Also in the letter: Trump-Musk spar online as bonhomie turns into brickbats Tell me more: Returning fire: Ceasefire: Also Read: Elon Musk's feud with Trump spurs one of his worst wealth losses ever Longevity startup Biopeak raises $3 million from Ranjan Pai's Claypond Capital, Accel's Prashanth Prakash, others VC fund HealthKois plans $400 million fund Medibuddy eyes $130 million in pre-IPO round: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Infosys to give cash sops to employees taking part in interviews to help hiring Policy details: Employees will receive 700 points, equivalent to Rs 700, for every interview they conduct. The scheme applies retroactively from January 1, covering interviews conducted over the past five months. HR personnel, recruiters, subcontractors, and top leadership are excluded from the scheme. No reward will be given if an interview is cancelled or the candidate fails to show up. Why the move? Who else? OpenAI to appeal New York Times suit demanding not to delete any user chats Story so far: Who's impacted: ChatGPT Free, Plus, Pro, and Team subscribers OpenAI API users without Zero Data Retention agreements, whose data is processed and promptly deleted. 'AI privilege': Also Read: Amazon cuts more jobs, this time in books division More details: Quick lookback: Also Read: Tensions escalated between Elon Musk and Donald Trump as the former sharpened his critique of the Budget Bill. This and more in today's ETtech Top 5.■ Infosys cash sops■ OpenAI appeals order■ Amazon job cutsThe feud between billionaire Elon Musk and US President Donald Trump turned ugly on Thursday, with both sides trading barbs and threats in public an ally, Musk launched a scathing tirade on social media against Trump's 'big, beautiful' Budget Bill, accusing it of inflating the US fiscal deficit by trillions. He didn't stop there; in one post, Musk claimed Trump appeared in the Epstein hit back with personal jibes, calling Musk 'wearing thin' and claiming he had to be 'asked to leave.' He followed through on earlier threats, pulling the plug on government contracts and subsidies linked to Musk's blinked first, signalling he was willing to 'cool off' in his spat with the US blowback was swift. Tesla shares plunged over 14% on Thursday, their steepest fall since March, erasing $153 billion in market value. The shares recouped some losses on Friday, trading in the green during pre-market hours, as tensions between Musk and Trump Pardal, CEO, BiopeakWellness startup Biopeak has raised $3 million in seed funding from Claypond Capital, the family office of Manipal Group chairman Ranjan Pai, along with Accel's Prashanth Prakash, and Zerodha's Rainmatter. The company will use the capital to strengthen its scientific capabilities, build an AI platform, and expand its network of clinics. Biopeak launched its first clinic in Bengaluru and plans to open centres across major metros over the next Janssen, managing partner, HealthKoisDelhi-based venture capital firm HealthKois is planning a $400 million fund to back companies in India's healthcare sector. The fund will focus on startups in AI-led health tech, med tech, biopharma, healthcare delivery, and climate health, managing partner Charles Janssen told us in an exclusive firm Medibuddy is in talks to raise $130 million ahead of its planned IPO, according to people familiar with the Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship a bid to boost employee morale, IT major Infosys has introduced a new incentive programme that offers cash rewards to senior staff who participate in lateral hiring company also runs weekend recruitment drives, during which employees may conduct 10-15 interviews in a day, primarily assessing candidates' software skills.A senior Infosys executive said the scheme is aimed at addressing internal discontent after employees received only 5-8% pay hikes for FY24 , and lower-than-expected performance bonuses in the March such policies are still uncommon, some large and mid-sized tech firms, including Honeywell, Accenture, and Sonata Software, offer cash incentives and other perks to encourage staff to join interview panels and support talent Altman, CEO, OpenAIOpenAI has pushed back against a court order in the New York Times' copyright lawsuit, challenging a directive that bars it from deleting any user chats on ChatGPT. The AI firm called the order an overreach that threatens user Times sued OpenAI and Microsoft in 2023, alleging that they had used millions of its articles without permission to train the large language model behind ChatGPT. Last month, a US court directed OpenAI to preserve and segregate all output log data tied to the Times' no impact on ChatGPT Enterprise or ChatGPT Edu CEO Sam Altman warned that the order sets a dangerous precedent. He argued it makes the case for 'AI privilege', where chats with an AI are treated as confidential, akin to conversations with a lawyer, doctor, or giant Amazon has laid off staff in its books division , affecting teams across its Kindle business and book review site than 100 employees have been impacted. Amazon said the move is aimed at improving efficiency and simplifying operations."As part of our ongoing work to make our teams and programs operate more efficiently, and to better align with our business roadmap, we've made the difficult decision to eliminate a small number of roles within the Books organisation," said an Amazon spokespersonA March report by Business Insider revealed Amazon's plans to cut 14,000 management roles globally by early move is in line with CEO Andy Jassy's broader push to reduce bureaucracy and expedite decision-making. He has set a target to increase the proportion of individual contributors relative to managers by at least 15% by the first quarter of 2025.
Fox News
4 days ago
- Business
- Fox News
WATCH: Republican senators react to Musk v. Trump feud: ‘He's not the CEO here'
Republican senators John Cornyn of Texas and Roger Marshall of Kansas shared their thoughts on the sudden, escalating feud between Elon Musk and President Donald Trump, with one senator saying Musk needs to realize "he's not the CEO here." After denying "outlandish" Democratic claims that the Trump-backed "big, beautiful bill" would result in cuts to Medicaid and SNAP benefits if passed, Cornyn addressed whether he believes Trump is wise to threaten to cancel all of Musk's companies' government contracts. Musk and Trump have been locked in an escalating war of words over their disagreement about the president's proposed budget bill, which is being considered by the Senate. In an X post Tuesday, Musk said: "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." Musk then asserted Thursday afternoon that Trump "is in the Epstein files" and "that is the real reason they have not been made public." Meanwhile, Trump has said Musk is "wearing thin" during his leadership at DOGE and asserted he "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!" Trump said on Truth Social. The president also said Thursday "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!" Cornyn stopped short of criticizing either side, telling Fox News Digital Musk "has done a great service to the nation" and "I'm grateful to President Trump for bringing him on board and initiating DOGE." Even through Musk's spat with the president, Cornyn said the Department of Government Efficiency is "going to now be a permanent part of our discussions up here." "Everybody believes, or understands, I should say, that the federal government is too big and too bloated and inefficient, and Elon and DOGE was very effective, I thought, at pointing out some of the most egregious examples of that," the Texas Republican said. Marshall responded to the controversy by telling Fox News Digital, "We appreciate what Elon did for the government, but it's time to move on. "What Elon doesn't realize is that he's not the CEO here. "Working for Congress, working for the people back home is so much different than being a CEO. [When] you're a CEO, you tell people jump, they say, 'How high do you got to go?' But President Trump is working with a board." Marshall described the president's role as "working with a board of a big business." "There's 435 across the Capitol way here. There's 100 in the Senate. We've all got opinions. And, right now, this bill, I think 90% of the folks up here, Republicans, thinks that it's where it needs to be," he said. Though acknowledging "there's opportunities for improvement" and "I agree with Elon that we're still spending too much money, that we need more cuts, I've learned a long time ago to stay locked in on my goal. And I am locked in on getting this one big, beautiful bill across the line." "I can guarantee you we're not paying any attention to this little feud going on," he concluded. Regarding Democratic accusations that the bill will drastically cut Medicaid and SNAP benefits, Marshall said, "We're going to do the right thing, but protect it for those who need it the most." He posited that the Medicaid system is rife with illegal aliens and other individuals using the program "fraudulently." Addressing the rest of those not using the system fraudulently, the senator said, "We're not going to take grandma out of the nursing home. We're going to make sure that she has her Medicaid. "Persons with disabilities, I will fight to keep their Medicaid for them, children as well. But, on the other hand, there's probably 7 million healthy American men out there, working age, that really should be working and not on Medicaid, not on food stamps," he added. "So, let's help those people get a job."
Fox News
4 days ago
- Business
- Fox News
WATCH: Republican senators react to Elon v. Trump feud: ‘He's not the CEO here'
Republican senators John Cornyn of Texas and Roger Marshall of Kansas shared their thoughts on the sudden, escalating feud between Elon Musk and President Donald Trump, with one senator saying Musk needs to realize "he's not the CEO here." After denying "outlandish" Democratic claims that the Trump-backed "big, beautiful bill" would result in cuts to Medicaid and SNAP benefits if passed, Cornyn addressed whether he believes Trump is wise to threaten to cancel all of Musk's companies' government contracts. Musk and Trump have been locked in an escalating war of words over their disagreement about the president's proposed budget bill, which is being considered by the Senate. In an X post Tuesday, Musk said: "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." Musk then asserted Thursday afternoon that Trump "is in the Epstein files" and "that is the real reason they have not been made public." Meanwhile, Trump has said Musk is "wearing thin" during his leadership at DOGE and asserted he "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!" Trump said on Truth Social. The president also said Thursday "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!" Cornyn stopped short of criticizing either side, telling Fox News Digital Musk "has done a great service to the nation" and "I'm grateful to President Trump for bringing him on board and initiating DOGE." Even through Musk's spat with the president, Cornyn said the Department of Government Efficiency is "going to now be a permanent part of our discussions up here." "Everybody believes, or understands, I should say, that the federal government is too big and too bloated and inefficient, and Elon and DOGE was very effective, I thought, at pointing out some of the most egregious examples of that," the Texas Republican said. Marshall responded to the controversy by telling Fox News Digital, "We appreciate what Elon did for the government, but it's time to move on. "What Elon doesn't realize is that he's not the CEO here. "Working for Congress, working for the people back home is so much different than being a CEO. [When] you're a CEO, you tell people jump, they say, 'How high do you got to go?' But President Trump is working with a board." Marshall described the president's role as "working with a board of a big business." "There's 435 across the Capitol way here. There's 100 in the Senate. We've all got opinions. And, right now, this bill, I think 90% of the folks up here, Republicans, thinks that it's where it needs to be," he said. Though acknowledging "there's opportunities for improvement" and "I agree with Elon that we're still spending too much money, that we need more cuts, I've learned a long time ago to stay locked in on my goal. And I am locked in on getting this one big, beautiful bill across the line." "I can guarantee you we're not paying any attention to this little feud going on," he concluded. Regarding Democratic accusations that the bill will drastically cut Medicaid and SNAP benefits, Marshall said, "We're going to do the right thing, but protect it for those who need it the most." He posited that the Medicaid system is rife with illegal aliens and other individuals using the program "fraudulently." Addressing the rest of those not using the system fraudulently, the senator said, "We're not going to take grandma out of the nursing home. We're going to make sure that she has her Medicaid. "Persons with disabilities, I will fight to keep their Medicaid for them, children as well. But, on the other hand, there's probably 7 million healthy American men out there, working age, that really should be working and not on Medicaid, not on food stamps," he added. "So, let's help those people get a job."
CBS News
5 days ago
- Business
- CBS News
Tesla stock price plunges as Trump suggests stripping Elon Musk's companies of federal contracts
Trump says he's disappointed by Musk criticism of budget bill, Musk says he got Trump elected Tesla shares plunged on Thursday as an increasingly bitter spat between CEO Elon Musk and President Trump erupted in public, with Mr. Trump suggesting the federal government could strip Musk's companies of their federal contracts. Tesla's stock tumbled by as much as 18% in intraday trading — the electric car maker's sharpest selloff in almost five years — before regaining some ground to close down 14.3%, or $47.35. The shares resumed their decline in after-hours trading. The plunge comes as Mr. Trump and Musk, the world's richest person, traded barbs on social media on Thursday. Musk has ratcheted up his criticism of Mr. Trump's "big, beautiful bill" tax and spending bill this week, calling it "a disgusting abomination" on Tuesday as Congress pushes to send the legislation to the president by July 4. Musk has denounced the bill for its price tag, with the nonpartisan Congressional Budget Office forecasting yesterday that the legislation would increase annual budget deficits by a total of $2.4 trillion over the next decade. Mr. Trump criticized Musk on Truth Social, his social media app, on Thursday, suggesting that one way the government could cut spending is to withdraw government contract from Musk's companies. "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!" Mr. Trump wrote on Thursday afternoon. Some of Musk's companies are reliant on federal contracts, including space exploration company SpaceX, which has received almost $20 billion in federal contracts since 2008, according to USA Today. The public dispute between the two "is sending shivers down the backs of Tesla investors," Wedbush tech analyst Dan Ives told CBS MoneyWatch. "This has gone from a candlelight dinner bromance to a knife fight," Ives added. "Neither Musk nor Trump are one to back off." Musk, meanwhile, also posted criticisms of Mr. Trump and Republican lawmakers on Thursday, pinning a post to his X timeline that asked, "Is it time to create a new political party in America that actually represents the 80% in the middle?"
