Trump and Musk publicly feud over budget bill, government contracts. Microsoft stock notches a new record high. U.S. Renewable diesel, biodiesel declines in 2025, and, defense start up Anduril valued at $30 billion. Jane King with the latest from the NYSE.
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Thanks, Rey, Tesla's stock fell 14% yesterday as CEO Elon Musk and President Trump's public feud escalated.
Musk has called the budget bill an abomination.
Trump posted on social media that an easy way to save money is to terminate Musk's government contracts.
Now Trump could make things difficult for Musk and Tesla, as well as SpaceX.
Well, Microsoft shares reached a record close for the first time since July of 24.
CEO Satya Nadella touted the company's broad partnership with startup OpenAI in a recent interview.
The stock is now up 11% this year, while the Nasdaq is flat.
Well, US production of renewable diesel and biodiesel fell sharply in the first quarter of this year because of uncertainty related to federal biofuels.
Tax credits and negative profit margins.
The Energy Information Administration says US production of biodiesel fell to 60,000 barrels per day, the least since January of 2015, and about 40% less than in January of 24.
US biodiesel producers only partially ramped up production in February and March, and Andre chairman Trey Stevens told Bloomberg.
The defense tech company has raised $2.5 billion at a $30.5 billion valuation.
Stevens is also a partner at Founders Fund, which contributed $1 billion into the round, the firm's largest check ever.
Last week, Andil announced a deal with Meta to create virtual and augmented reality devices intended for use by the army, and that's the latest headlines.