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Finance

Elon Musk’s nearly half a billion dollars in midterms spending was a flop

The tech billionaire set spending record as he poured $446m into campaigns for failed Republican candidates Elon Musk set a record for election spending this year after pouring nearly half a billion dollars into backing Republicans in the US midterm elections. It turned out to be a poor investment. The SpaceX and Tesla CEO contributed at least $446m to Republican-aligned Super Pacs and groups over the course of the elections, specifically targeting several key Senate races in an effort to help the Trump administration retain Republican control of Congress. He outdid his own 2024 spending of ne

The Guardian
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Military

Datacenters were on the ballot. US voters rejected them

Voters approved nearly every datacenter moratorium that was on the ballot, dozens in total in Tuesday’s elections Track live results from all 50 states Send us your questions about the US midterms results and Democrats’ ‘blue wave’ There were three big losers in Tuesday’s midterm elections in the US: Donald Trump, Elon Musk and datacenters. Datacenters, the facilities full of semiconductor chips that power artificial intelligence and a host of other online products, were on the ballot in elections in at least 40 jurisdictions across 10 states. Voters responded with a strong rebuke of the giant

The Guardian
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International

Canada unveils budget to curb reliance on US

Canadian Prime Minister Mark Carney's government presents its budget on Thursday, a plan designed to reduce US reliance, which remains Ottawa's priority despite President Donald Trump's midterm election…

France 24
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