Related News

First-ever image captures two black holes orbiting each other |

For the first time in history, scientists have captured an image of two black holes orbiting each other, confirming a long-held astronomical theory. Researchers from the University of Turku in

Navan sets price range for IPO, expects market cap up to $6.5 billion

FILE PHOTO: Ariel Cohen during a panel at DLD Munich Conference 2020, Europe’s big innovation conference, Alte Kongresshalle, Munich. Picture Alliance for DLD | Hubert Burda Media | AP Navan,

How Sora 2 by OpenAI is challenging Hollywood

The launch of OpenAI’s updated Sora 2 AI video service kicked off another round of anxiety among musicians, actors and other content creators. Sora allows users to generate short videos

Applied Digital stock climbs 16% as AI demand fuels data center growth

Applied Digital shares jumped 16% on Friday after the company posted strong first-quarter revenue that was boosted by artificial intelligence data center demand, putting the stock up more than 350%

Rocket Lab stock set for 25% weekly gain after flurry of launch deals

Rocket Lab shares have added more than a quarter in value this week as the aerospace company inked new launch deals in the burgeoning space tech industry. The stock gained

Qualcomm shares fall after China opens antitrust probe into chip giant

Microchip and Qualcomm logo displayed on a phone screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on April 10, 2023. Jakub Porzycki | Nurphoto |

Trump says he won’t ‘destroy’ Musk’s companies, take away subsidies

Word Count: 197 | Estimated Reading Time: 1 minute

Elon Musk receives a golden key from U.S. President Donald Trump in the Oval Office at the White House in Washington, D.C., U.S., May 30, 2025. REUTERS/Nathan Howard

Nathan Howard | Reuters

President Donald Trump on Thursday denied claims that he wants to wreck Elon Musk’s companies and their work with the U.S. government.

“Everyone is stating that I will destroy Elon’s companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government,” he said in a post to Truth Social. “This is not so! I want Elon, and all businesses within our Country, to THRIVE, in fact, THRIVE like never before!”

“The better they do, the better the USA does, and that’s good for all of us,” Trump wrote.

Trump’s response comes as the pair have continued a war of words that began with Musk’s opposition to the president’s signature spending bill, and evolved into the Tesla CEO attacking the president’s relationship with convicted sex offender Jeffrey Epstein.

In June, the president threatened to cut some of Musk’s government contracts as the two clashed over the “Big Beautiful Bill” and their relationship unraveled.