Swamp Notes: Where does Musk fit in Maga?

The race to succeed JPMorgan Chase chief executive Jamie Dimon just got tighter, and the investment chief at insurance group Allianz is warning that the SpaceX bond sale signals markets are in ‘bubble territory’. Plus, the US Supreme Court shielded German pharmaceuticals group Ba ...  Show more

Anthropic accuses Alibaba of obtaining ‘illicit’ access to Claude, and concern is brewing over KNDS’s upcoming initial public offering after Germany scraps warship plans. Plus, Meta is turning to AI content moderators, and the FT’s John Plender breaks down Donald Trump’s contribu ...  Show more

Elon Musk is keeping his campaign promise of trying to cut $2 trillion of federal spending through his unit, DOGE. After some questions about his role, the White House announced that he is now a "special government employee." What has Musk been able to accomplish thus far? This e ...  Show more

Elon Musk holds a rambling Oval Office press conference and admits that he and DOGE will make mistakes as they rampage through our government, even as congressional Republicans move forward with a budget that promises massive cuts to healthcare, education, and food assistance to ...  Show more

Elon Musk and his team have taken a hacksaw to the federal bureaucracy one agency at a time, and the question has become whether he’s on a crusade that will leave the government paralyzed or deliver a shake-up it has needed for years.

Jonathan Swan, a White House reporte ...

Elon Musk has been on a slash-and-burn tear through the federal government — gaining access to I.T. systems, dismantling U.S.A.I.D. and unleashing a firehose of attacks on his platform, X, accusing the bureaucracy of various conspiratorial crimes.

As this all unfolds bef ...