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Musk versus Trump: A case of mutually assured destruction

Mint New Delhi

|

June 10, 2025

Their falling out has been chaotic and both will end up worse off

- NIA-MALIKA HENDERSON

Relationship status: It's complicated. The simmering feud between US President Donald Trump and tech titan Elon Musk went public last week, sending Tesla's stock tumbling (before rebounding), calling his government contracts into question and leaving Trump possibly in a more commanding position over the world's richest man.

But really, who knows what to make of this always-odd pairing between two erratic men? Late last Thursday, Musk signaled that he was open to a détente. Reports of a Friday phone call surfaced, which were dismissed by Trump.

Where this goes and how it ends is anyone's guess, but what's clear is that the political friendship that saw two of the world's most powerful men attached at the hip at the beginning of Trump's presidency has now become an unstable mess.

This, of course, is no way to run a country. The day-long brawl starkly revealed what had always been plainly obvious: This relationship is transactional and has always smelt of corruption, with Musk's $270 million campaign contribution seeming to buy him a powerful foothold in the US government, including billions in contracts and access to data and the inner workings of federal agencies.

FLERE HISTORIER FRA Mint New Delhi

Mint New Delhi

'Banks can't rely on service providers'

As banks worldwide double down on digital transformation, Reserve Bank of India (RBI) deputy governor Swaminathan J. has cautioned lenders that they cannot simply rely on third-party service providers for outsourced solutions.

time to read

1 min

December 02, 2025

Mint New Delhi

Mint New Delhi

SC orders pan-India CBI probe into digital arrests

The court issued a notice to RBI on why AI wasn't used to identify mule accounts

time to read

1 mins

December 02, 2025

Mint New Delhi

Mint New Delhi

Your attention is the new currency for India’s streaming apps

India’s video-streaming platforms are beginning to value deeper, higher-quality viewer engagement, with watch time and total minutes viewed becoming core indicators amid plateauing paid subscriptions.

time to read

2 mins

December 02, 2025

Mint New Delhi

Mint New Delhi

IT growth trails global clients amid shifting tech spending

Automation, product spends, in-house tech centre investments contributed to decoupling

time to read

2 mins

December 02, 2025

Mint New Delhi

Centre to sell up to 6% in Bank of Maharashtra

State-owned lender Bank of Maharashtra is likely to see a stake dilution as the government plans to divest up to a 6% stake through an offer for sale starting Tuesday.

time to read

1 min

December 02, 2025

Mint New Delhi

Banking sakhis have a key role in India's financial inclusion efforts

They have taken banking services to rural regions and we now need to strengthen their network

time to read

3 mins

December 02, 2025

Mint New Delhi

Gold soars ₹3,040 on global cues

Gold prices surged by ₹3,040 to ₹1,33,200 per 10 gm in the national capital on Monday, tracking strong global trends and a weak US dollar, according to the All India Sarafa Association.

time to read

1 min

December 02, 2025

Mint New Delhi

Mint New Delhi

Centre's tobacco tax recast to lift states’ excise revenue

The duty on tobacco would rise from 64% to 70% once the amended law is implemented

time to read

2 mins

December 02, 2025

Mint New Delhi

Sri Lanka cyclone death toll at 355

Cyclone Ditwah brought the island nation’s worst floods in a decade when it struck on Friday.

time to read

1 min

December 02, 2025

Mint New Delhi

Mint New Delhi

Mehli Mistry quits Ratan Tata’s Small Animal Hospital

Tata Trusts’ former trustee and late Ratan Tata’s close confidant, Mehli Mistry, has resigned from the board of his friend's cherished project, Small Animal Hospital Trust, which claims to have become India’s largest specialty hospital for pet animals.

time to read

1 mins

December 02, 2025

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