Latest news with #VivekRamaswamy
Yahoo
11 hours ago
- Business
- Yahoo
The Spectrum: Teachers' retirement fund; Meta at the Statehouse; Ohio governor's race
COLUMBUS, Ohio (WCMH) – This week on The Spectrum: Lawmakers are looking to make changes to the board for the State Teachers Retirement System. 'Our consultants get rich, our investors get rich, our STRS management get rich,' CEO of the Ohio Retirement for Teachers Association Robin Rayfield said. 'The only people who don't get rich are the people who put the money in.' Hear from retirees on why they say it's nothing more than an attempt to strip away their power. A social media giant testifies at the Ohio Statehouse in support of a bill that would require parental consent for app downloads. 'This isn't really about tech companies,' Meta Head of Safety Policy for North America Jennifer Hanley said. 'It's about what parents want.' Hear from state leaders who said the proposal doesn't go far enough. Is the Republican primary for Ohio governor already over or is there still a way for another candidate, like Lt. Gov. Jim Tressel, to jump in and take on frontrunner Vivek Ramaswamy? Democratic strategist Brian Rothenberg and Republican strategist Will Hinman join the roundtable to weigh in. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
2 days ago
- Business
- Yahoo
WATCH: FOX 8 one-on-one with GOP gubernatorial candidate Vivek Ramaswamy
*For our full, unedited interview, watch above. CLEVELAND (WJW) — GOP gubernatorial candidate Vivek Ramaswamy has already secured an endorsement from President Donald Trump and Ohio's Republican Party. More coverage from Your Local Election Headquarters The 39-year-old biotech entrepreneur sat down with Fox 8's Joe Toohey this week to discuss why he's running, what he'd like to do and whether he'd run for president again in 2028. Ramaswamy sought the GOP nomination for president in 2024 before dropping out to back Trump, who later tapped him to co-chair the efficiency initiative with billionaire Elon Musk. Ramaswamy and Attorney General Dave Yost are running as Republicans to replace the term-limited Gov. Mike DeWine. Dr. Amy Acton is running as a Democrat. Lt. Gov. Jim Tressel, a Republican, has said he is considering a run. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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First Post
3 days ago
- Business
- First Post
Is Vivek Ramaswamy returning to helm Doge after Elon Musk's exit?
Elon Musk has announced his departure from the Department of Government Efficiency (Doge) in Donald Trump's administration. This leaves the leadership of the agency in doldrums. It's got people talking, with many looking at Indian-origin Vivek Ramaswamy, who was initially tipped to run it alongside the tech billionaire read more Elon Musk is out, but who's in? A day after the tech billionaire, the mind behind Tesla, SpaceX, called time on his work at the Department of Government Efficiency (Doge) , the big question that everyone is asking but no one has an answer to — is who will be the next chief of the agency that has cut millions of jobs and caused all-round chaos and become central to many lawsuits. While US President Donald Trump and Elon Musk haven't dropped any hints on the future leadership at Doge, many have already begun speculating with one name being considered the frontrunner. That's none other than Vivek Ramaswamy, the former presidential candidate who had been initially elected to run Doge alongside Musk. STORY CONTINUES BELOW THIS AD Musk's exit from Doge After being appointed by Trump to run the newly-formed Department of Government Efficiency (Doge) in November last year, Elon Musk on Wednesday (May 29) announced that his 'scheduled time as a special a special government employee' had come to an end. In his message, he thanked US President Donald Trump for giving him the 'opportunity to reduce wasteful spending'. And in his time as Doge leader, the world's richest man took a chainsaw to government programmes, cutting thousands of jobs and earning him the scorn of people not just in America but also across Europe — which could be seen in the form of protests against him, and his cars and showrooms being vandalised. Interestingly, Musk hasn't hinted or indicated as to who could take over from him at Doge. In fact, when asked about it in the past, he said: 'Doge is a way of life, like Buddhism. Is Buddha needed for Buddhism? Was it (Buddhism) not stronger after he (Buddha) passed away?' The Tesla CEO said that just like Buddhism continued without Buddha, DOGE would continue its work without him. But not everyone agrees with this. A former Doge staffer, Sahil Lavingia, who spent almost two months working for the group, said he expects the cost-cutting agency to quickly 'fizzle out'. 'It'll just die a whimper,' Lavingia, who was fired from Doge earlier this month, told Reuters. 'So much of the appeal and allure was Elon.' He said he expected Doge staffers to 'just stop showing up to work. It's like kids joining a start-up that will go out of business in four months.' STORY CONTINUES BELOW THIS AD Vivek Ramaswamy, lead contender for Doge leadership But despite Lavingia's concerns about Doge's future, many are speculating and discussing the next leader of Doge, with quite a few thinking it could be Vivek Ramaswamy. He's considered the hot favourite owing to the fact that he had been initially selected by Trump to co-run the agency before stepping down from the role to run for Ohio governor in February. At that time, rumours were swirling that it was Musk who had got the Indian-origin entrepreneur-turned-politician fired from the job. When asked about it directly, Ramaswamy told Fox News, 'No. We had a mutual discussion. And I think that I wish him well.' Elon Musk and Vivek Ramaswamy. The two were initially chosen to lead Doge, until Ramaswamy dropped out to run for Ohio governor. File image/Reuters 'There's no better person to lead a technology-driven approach than Elon Musk,' Ramaswamy said. 'But what I would say is we had different and complementary approaches. I focused more on a constitutional law legislative-based approach to focus more on a technology approach, which is the future approach.' His foundational role in shaping the department may be the reason he's now considered the frontrunner for the position at Doge. Others in the running While Vivek Ramaswamy is a frontrunner in the race to lead Doge, there are others too. Some believe that Tom Krause, an ally of Elon Musk, who currently serves as the Fiscal Assistant Secretary of the Treasury, could be taking over from the billionaire. Krause, the CEO of Silicon Valley-based Cloud Software Group, has overseen layoffs at his company in each of the last three years while instituting a return-to-office mandate, rigid performance ratings, and a request that weekly updates be sent from workers directly to Krause — echoing the sort of reforms that Musk undertook at Doge. STORY CONTINUES BELOW THIS AD Amy Gleason is is the acting administrator of Doge. File image/AP Besides Krause, there's also speculation that Amy Gleason , who is the acting administrator of Doge, could be officially named as the head of the agency. A former emergency room nurse-turned-health care technologist, Gleason was a relatively low-profile healthcare data cruncher with a passion for simplifying access to electronic medical records. However, in late February, she was named the acting administrator for Doge, elevating her position. Gleason previously worked on projects related to health data at the US Digital Service, Doge's predecessor, overlapping with Trump's first term and the Biden administration. It is, in fact, during this time that Gleason collaborated with the White House on the federal response to the Covid-19 pandemic, worked on projects alongside the Centers for Disease Control and Prevention (CDC) and the Centers for Medicare and Medicaid Services (CMS). Many are also wondering aloud if Trump will hand over the reins of Doge to Russell Vought , Trump's top budget official and leading figure behind the controversial Project 2025. Doge's agenda matches with Vought's — he is a staunch advocate of shrinking government. He is also known as the architect of Schedule F, aimed at replacing long-term federal employees with politically loyal staff. STORY CONTINUES BELOW THIS AD Russell Vought is Trump's top budget official and leading figure behind the controversial Project 2025. File image/Reuters There's also buzz doing the rounds that 23-year-old Luke Farritor , a former SpaceX intern, could be heading Doge soon. It is reported that Farritor, a dropout from the University of Nebraska, is already working for Doge, reporting directly to long-time Musk adviser, Steve Davis. Farritor came to the spotlight in 2024 after deciphering a 2,000-year-old papyrus scroll using AI. The scroll, damaged by Mount Vesuvius in 79 AD, earned him a $700,000 prize. Another individual considered to be in the running for Doge leader is Marko Elez . The 25-year-old, who works at Doge, has been linked to racist posts in the past, including one post which read, 'Normalise Indian hate'. A graduate from Rutgers University, he is said to have worked on search AI at X. It's unsure what happens next to Doge, but if the White House is to be believed then Doge will be led by 'each and every member of the President's Cabinet and the President himself.' STORY CONTINUES BELOW THIS AD With inputs from agencies
Globe and Mail
3 days ago
- Business
- Globe and Mail
Vivek Ramaswamy Is Betting Big on Bitcoin. Should You Buy the Hidden-Gem Stock Merging With His Company?
In recent years, a growing number of companies have raced to turn their balance sheets into Bitcoin (BTCUSD) treasuries, hoping to tap into the digital-asset boom and appeal to crypto-savvy investors. While major corporations like Strategy (MSTR) have led the charge, smaller players are now positioning themselves as lean, specialized alternatives. One emerging contender is Asset Entities (ASST), which is going to merge with entrepreneur and politician Vivek Ramaswamy's Strive Asset Management to pioneer a pure-play Bitcoin treasury business. Recently, the two firms announced a reverse merger and secured $750 million in PIPE financing. Under the combined strategy, ASST plans to acquire cash-rich, undervalued biotech firms, buying their balance-sheet cash at a discount, and redeploying that capital into Bitcoin. The goal is to build 'alpha-generating' accumulation strategies that outperform a simple Bitcoin holding, backed by an additional $750 million in potential warrant proceeds. For investors looking beyond the usual large-cap crypto bets, ASST offers a unique way to play Bitcoin's next leg up through a specialized, cash-leveraged vehicle. About ASST Stock Founded in 2020, Asset Entities is a specialized asset management firm delivering innovative solutions for corporate and individual clients. The company has a market cap of $112 million. After performing flat in the first half of 2025, shares of Asset Entities skyrocketed in early May, climbing more than 1,200% over the past month on news of its merger with Strive Asset Management. However, the stock still trades about 43% below its 52-week high near $13, leaving room for investors to potentially enter at a decent price. Financial Health Asset Entities generated $170,749 in revenue in the first quarter, primarily from paid Discord subscriptions, such as OptionsSwing and TikTok-linked communities. Management aims for about $1 million in total revenue for 2025, but that's small compared to the company's costs. Asset Entities lost $6.4 million in 2024 and another $1.62 million in Q1 2025, showing it remains unprofitable. By the end of Q1 2025, it had $4.21 million in cash and $4.99 million in total assets. Merging to Form a Bitcoin Treasury Company Asset Entities is merging with Strive Asset Management to become the 'first publicly traded asset management Bitcoin treasury company.' The new company, led by Strive CEO Matt Cole, will focus on building a large Bitcoin reserve. It will offer stock in exchange for Bitcoin, buy cash-rich companies at a discount, and purchase cheap Bitcoin-related assets like Mt. Gox claims. It also plans to buy crypto loans at discounted prices. To fund these moves, the company raised $750 million and could raise $750 million more. Instead of making money through normal business sales, the company wants to grow its Bitcoin per share. The idea is that as Bitcoin gains value, shareholders benefit. The company hopes it will create long-term value by growing its Bitcoin holdings faster than Bitcoin itself rises. The Bottom Line Vivek Ramaswamy's Strive will turn Asset Entities into a dedicated Bitcoin treasury backed by $750 million in fresh funding. While the stock carries risk as it builds out its plan, its cash position and unique strategy offer investors direct Bitcoin exposure. If you're comfortable with crypto volatility, ASST could be worth a try.
Time of India
4 days ago
- Politics
- Time of India
'When is your dad getting deported?' Vivek Ramaswamy trolled as he posts anniversary photo with Apoorva
Vivek Ramaswamy was viciously trolled for his Indian origin once again as he posted a photo with his wife on their anniversary. Indian-origin Republican leader Vivek Ramaswamy was viciously trolled as he made a long anniversary post for wife Dr Apoorva taking a journey down memory lane about how they met each other, proposed and got married. "Apoorva, is that an American name?" one angry comment read. "You're both going back to India," another wrote. "Who's falling for this tour of let's pretend to be American?" a third user commented. "When is your dad getting deported?" read one of the top comments. — irishrygirl (@irishrygirl) "In the fall of 2011, I met a brilliant medical student named Apoorva & asked her out on a first date - to head west for a weekend & hike Flattop Mountain in the Rockies. She accepted. We got within striking distance of the summit when a blizzard hit. I was foolishly stubborn about still making it, when she grabbed my hand, looked me in the eye, & said we had a lifetime ahead to come back and finish it. 14 years & two kids later, we finally made it back to celebrate our 10-year wedding anniversary this weekend. Grateful for the love of my life & every day of our journey together," Ramaswamy posted with two photos 14 years before and after. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Entrevista exclusiva: a verdade sobre o magnésio que ninguém te contou AlwaysFit Undo But the comment section turned into hatred-filled space for Ramaswamy because of his Indian origin. Vivek Ramaswamy was born in Cincinnati to Indian immigrants and the Ohio governor hopeful wears his Indian origin as a badge of honor despite the backlash. In 2023, he declared his campaign for the presidency though he later suspended it and supported Donald Trump. Ramaswamy's father V Ganapathy Ramaswamy, a National Instuture of Technology Calicut graduate, worked as an engineer and a patent attorney at General Electric. His mother Geetha Ramaswamy, a graduate of Mysore Medical College & Research Institute, worked as a geriatric psychiatrist. Vivek once revealed that his mother became a US citizen after his birth but his father still has the Indian passport and he never took the US citizenship test.
