‘Musk is Tesla and Tesla is Musk’ – why investors are happy to pay him $1tn

Making Elon Musk the world’s first trillionaire appears to fit a US investment culture of backing high-flying innovators For all the headlines about an on-off relationship with Donald Trump, baiting liberals and erratic behaviour, Tesla shareholders are loath to part with Elon Musk. Investors in the electric vehicle maker voted on Thursday to put the … Read more

Passengers start to feel bite of flight cuts amid US government shutdown

Travellers forced to adjust their plans as longest shutdown on record continues with no sign of resolution A US government order to make drastic cuts in commercial air traffic amid the government shutdown has taken effect, with major airports across the country experiencing a significant reduction in schedules and leaving travellers scrambling to adjust their … Read more

Trump unveils deal to lower prices for breakthrough weight-loss drugs

The deal could expand coverage and lower the price of GLP-1 medications for millions of Americans. The Trump administration has struck a deal with drugmakers Eli Lilly and Novo Nordisk to offer their breakthrough weight-loss medications at steep discounts for certain Medicare and Medicaid patients, President Donald Trump announced at the White House on Thursday. … Read more

Denver offers to pay airport staff during shutdown to avoid cutbacks

The city says airport operations are vital to the Colorado economy. Denver is proposing to pay air traffic controllers during the government shutdown to prevent a reduction in flights at the nation’s third busiest airport. The city made the proposal, which requires FAA approval, to help airport staff and possibly avoid the 10 percent cut … Read more

Looming air travel cuts get Congress’ attention but don’t break the stalemate

Both parties are bemoaning the coming disruptions at airports. But who will blink first? The prospect of flight cancellations disrupting travel at dozens of major airports Friday is jolting lawmakers — but not enough to get either party out of the trenches they’ve dug during the five-week government shutdown. At least not yet. Some senators … Read more

Hopes for shutdown resolution fade after Democrats balk at GOP offer

Stiffened by their party’s big election wins Tuesday, they are expected to block another attempt to reopen the government Friday. Senate Majority Leader John Thune is dangling another carrot for Democrats. They still aren’t ready to bite. In his latest pressure tactic, the South Dakota Republican is teeing up yet another vote to reopen the … Read more

Orban’s chummy relationship with Trump could help his oil sanctions pitch

Hungary’s Viktor Orban, eager to get around U.S. oil sanctions, will meet with Donald Trump at the White House Friday. President Donald Trump sees Hungary’s Viktor Orban as something of a kindred spirit, a model for the sweeping reforms of his own second term. That’s exactly why Europeans are nervous ahead of the president’s first … Read more

Stefanik officially launches campaign for New York governor

“The Empire State has fallen,” a narrator intones in her announcement video. New York Rep. Elise Stefanik officially entered the race for New York governor on Friday, looking to topple Democratic Gov. Kathy Hochul and reverse a streak of Republican losses in statewide elections. Her 2 1/2-minute video announcement didn’t mention President Donald Trump, a … Read more