Donald Trump again threatened to withdraw government subsidies from Elon Musk’s companies after the Tesla CEO ratcheted up his criticism of the president’s tax and spending bill. Trump wrote on Truth Social that Musk “may get more subsidy than any human being in history, by far,” and that without government support, “Elon would probably have to close up shop and head back home to South Africa.” Musk has posted dozens of times since Senate Republicans unveiled a new version of their tax-cut package Saturday that expedited the end of a popular $7,500 consumer tax credit for electric vehicle purchases. Senate Republican leaders are continuing to scrounge for votes to pass the $3.3 trillion bill as lingering intraparty fights threaten to upend the legislative centerpiece of the president’s domestic agenda.
Today’s guests: Adam Posen, Peterson Institute for International Economics President, Dan Draper, S&P Dow Jones Indices CEO, Lorenzo Bini Smaghi, Société Générale Chairman
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:01:26 – EU to Accept Trump Universal Tariff But Seeks Key Exemptions
00:05:58 – Senate Pulls All-Nighter on Trump Tax Bill With GOP Divided
00:08:31 – Adam Posen, Peterson Institute for International Economics President
00:18:58 – Dan Draper, S&P Dow Jones Indices CEO
00:28:03 – Nagel: Tariffs Coming Out at a High Level
00:36:38 – Lorenzo Bini Smaghi, Société Générale Chairman
00:42:00 – Apple’s Siri Falls Behind Rival AI Chatbots
00:45:30 – StanChart Hit With $2.7B Lawsuit Over 1MDB: FT
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