financetom
Business
financetom
/
Business
/
House Democrat says Republicans protecting Elon Musk's Chinese investments
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
House Democrat says Republicans protecting Elon Musk's Chinese investments
Dec 20, 2024 2:42 PM

WASHINGTON, Dec 20 (Reuters) - The top Democrat on the

House of Representatives Appropriations Committee said on Friday

that Republicans in Congress were protecting Elon Musk's Chinese

investments by scrapping provisions restricting U.S.

investments.

Representative Rosa DeLauro said in a letter that Musk, the

CEO of electric car maker Tesla, may have upended the government

funding process to remove a provision that would regulate U.S.

investments in China given his "extensive investments in China

in key sectors and his personal ties with Chinese Communist

Party leadership, and calls into question the real reason for

Musk's opposition to the original funding deal."

Tesla did not immediately respond to a request for

comment.

President-elect Donald Trump has named as Musk, a

billionaire, as co-head of a project to cut government costs.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lilly's weight-loss treatment Zepbound becomes first FDA-approved drug for sleep apnea
Lilly's weight-loss treatment Zepbound becomes first FDA-approved drug for sleep apnea
Dec 20, 2024
By Bhanvi Satija Dec 20 (Reuters) - The U.S. Food and Drug Administration on Friday approved Eli Lilly's ( LLY ) weight-loss treatment, Zepbound, for obstructive sleep apnea, making it the first drug greenlighted to directly treat patients with the common sleeping disorder. The regulator approved the drug for moderate to severe obstructive sleep apnea in adults with obesity, the...
Red Cat Holdings Insider Sold Shares Worth $1,036,711, According to a Recent SEC Filing
Red Cat Holdings Insider Sold Shares Worth $1,036,711, According to a Recent SEC Filing
Dec 20, 2024
05:22 PM EST, 12/20/2024 (MT Newswires) -- George Michael Matus, CTO, Red Cat Holdings ( RCAT ), on December 18, 2024, sold 112,686 shares in Red Cat Holdings ( RCAT ) for $1,036,711. Following the Form 4 filing with the SEC, Matus has control over a total of 973,103 shares of the company, with 973,103 shares held directly. SEC Filing:...
House Democrat says Republicans protecting Elon Musk's Chinese investments
House Democrat says Republicans protecting Elon Musk's Chinese investments
Dec 20, 2024
WASHINGTON, Dec 20 (Reuters) - The top Democrat on the House of Representatives Appropriations Committee said on Friday that Republicans in Congress were protecting Elon Musk's Chinese investments by scrapping provisions restricting U.S. investments. Representative Rosa DeLauro said in a letter that Musk, the CEO of electric car maker Tesla, may have upended the government funding process to remove a...
Red Cat Holdings Insider Sold Shares Worth $518,437, According to a Recent SEC Filing
Red Cat Holdings Insider Sold Shares Worth $518,437, According to a Recent SEC Filing
Dec 20, 2024
05:21 PM EST, 12/20/2024 (MT Newswires) -- Joseph David Freedman, Director, on December 18, 2024, sold 52,228 shares in Red Cat Holdings ( RCAT ) for $518,437. Following the Form 4 filing with the SEC, Freedman has control over a total of 635,190 shares of the company, with 635,190 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/748268/000155479524000364/xslF345X05/ownership.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved