Author: elonmusk

NEW YORK (AP) — The Federal Emergency Management Agency has clawed back more than $80 million from New York City, officials said Wednesday, escalating a dispute between the Trump administration and the nation’s largest city over money for sheltering migrants. The move came as a federal judge said he wouldn’t stop FEMA from reclaiming the funds.Gone is a $59 million grant that the administration challenged earlier in the week and another award for $21.5 million, City Comptroller Brad Lander said. The money was discovered to be missing overnight, and Lander said no one in his office had been aware that…

FIRST ON FOX: Three leaders at the Consumer Financial Protection Bureau (CFPB) were placed on administrative leave Tuesday, Fox News Digital confirmed. CFPB’s Chief Legal Officer Mark Paoletta placed Lorelei Salas, the CFPB’s supervision director, and Eric Halperin, the agency’s enforcement chief, and Zixta Martinez, the agency’s deputy director, on administrative leave, an agency spokesperson told Fox News Digital Tuesday. The departures come after acting director of the Office of Management and Budget, Russ Vought, told employees of CFPB on Monday to not report to work and to “get approval in writing before performing any work tasks.” Treasury Secretary Scott Bessent briefly…

Adobe released its Generate Video tool in public beta on Wednesday, which is now available to all users. The artificial intelligence (AI) video generation tool is powered by the company’s Firefly Video Model, and was first teased in September 2024. The San Jose-based tech giant also redesigned the Firefly web app, and the new layout highlights all the different generative AI tools powered by Firefly models, and can be used directly from the platform. Additionally, two new Firefly subscriptions were also introduced by Adobe.Adobe Releases Generate Video in BetaGenerate Video is the company’s first AI-powered end-to-end video generation tool. It…

Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.The…

A recent report from the Associated Press has highlighted the fact that Tesla China has been very successful legally. Over the years, Tesla China has seen a remarkable record in winning legal cases against critics, from media outlets and social media influencers to customers.  But while the report carried a tone that hinted that something nefarious was afoot, Tesla China’s legal successes may simply be explained by a simple reason—it chooses to hold people accountable. The AP’s piece: A look at the Associated Press‘ piece on Tesla China’s aggressive legal strategy opens with the story of Zhang Yazhou, who held…

Este artículo también está disponible en español. Ethereum has been struggling below the $2,800 mark for days, with sentiment around the second-largest cryptocurrency in the world becoming increasingly negative. Persistent selling pressure has left investors and analysts worried about Ethereum’s ability to stage a recovery, with many starting to lose hope for a rally.  The bearish sentiment has only intensified as ETH continues to underperform compared to Bitcoin and other major assets, causing frustration among market participants who expected a stronger start to the year. Related Reading Despite this negative outlook, there are reasons for optimism. Top analyst Jelle shared…

Zelestra has commenced operations at a 54MW (dc) solar plant in Murcia, Spain. The €35m Canada Alta solar project, which was financed by BBVA, will supply Shell Energy Europe with 105GWh of clean energy annually for 10 years. The inauguration event (pictured) for the solar plant was attended by the president of the Autonomous Community of the Region of Murcia, Fernando Lopez Miras, the Councillor for the Environment, Universities, Research and Mar Menor, Juan Maria Vazquez, the General Director of Industry, Energy and Mines, Federico Miralles, the third Deputy Mayor and Councillor for Urban Planning, Orchards and Environment of the…

NASA eyes SpaceX, Blue Origin to cut Mars rock retrieval costs by AFP Staff Writers Washington (AFP) Jan 7, 2025 NASA announced Tuesday it may turn to Elon Musk’s SpaceX or Jeff Bezos’s Blue Origin to help reduce the soaring costs of returning Martian rocks collected by the Perseverance rover to Earth. Originally planned to deliver 30 sample tubes to Earth by the 2030s, the Mars Sample Return mission has faced rising expenses and delays, prompting the US space agency to explore more streamlined solutions. The pivot comes as China progresses towards a simpler “grab-and-go” sample return mission…

David Joyner, a longtime CVS executive, speaks during a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., on May 10, 2023.Al Drago | Bloomberg | Getty ImagesCVS Health CEO David Joyner on Wednesday defended controversial pharmacy middlemen like his company’s Caremark unit, which are widely accused of inflating prescription medication prices, and instead accused manufacturers of “monopolistic tendencies” that keep drug costs high in the U.S. Joyner, who stepped into the role in October, spent much of his opening remarks on the company’s fourth-quarter earnings call discussing so-called pharmacy benefit managers, or PBMs. It was atypical for CVS’ quarterly…

Elon Musk posted Monday on X that the so-called Department of Government Efficiency he heads had uncovered millions of dollars being spent illegally by FEMA to house migrants in New York City. He said the money was meant for American disaster relief and was wrongly spent for “high end” hotels. The claim, which has spread widely on social media, led FEMA’s acting director to suspend payments sent to house migrants in New York City and the firing Tuesday of four federal employees.But the post misrepresents the funding, FEMA’s role in dispersing it and how it is being used. Here’s a…