Bloomberg News

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Tesla’s shares dropped 14% on Thursday in New York, the stock’s biggest decline since March 10, as Elon Musk and Donald Trump feud devolved into a public war. The rout erased about $150 billion from the electric-vehicle maker’s market value. bloom.bg/3ZkGgvA

President Donald Trump said he saw Harvard University warming to cooperation with his administration after imposing punishing new sanctions on the school, including a new push to restrict foreign students and researchers.

Marco Rubio is riding high, with all of four (!) jobs in the Trump administration. And yet he has no real power: He's not the top diplomat (Trump has "special envoys" for that) ... ... and has become just a Yes Man - "good little Marco" in SNL's skits. So who advises Trump? Anybody? Read the whole column. Here's a gift link: https://bloom.bg/45LBnPY And here's a short teaser: Bloomberg Opinion

A tit-for-tat between the world's richest man and the US president is playing out publicly with Donald Trump accusing Elon Musk of having "Trump Derangement Syndrome" and Musk claiming "Without me, Trump would have lost the election." Bloomberg's Josh Green joins Max Chafkin on an emergency episode of the Elon, Inc. podcast to unpack the unraveling of their alliance https://lnkd.in/ei9TqAdU

A war of words has broken out between the world’s richest man and the president he helped elect. Musk and Trump’s relationship unraveled on Thursday, as the president hit back at his onetime adviser for attacking the Republican tax policy bill. Tyler Kendall has more bloom.bg/4kRlxYz 

On President Trump's tax bill, "No taxes on tips is a terrific piece of legislation. We are big supporters of that." CEO Uber Dara Khosrowshahi speaks with Tom Giles at #BloombergTech. ⏯️bloom.bg/3FA5Q9h

LIVE: #BloombergTech concludes with Anduril Industries Trae Stephens, Agility Robotics’ Peggy Johnson, The White House’s Michael Kratsios, Microsoft’s Aparna Chennapragada, Jeffrey Katzenberg, and more. 

German Chancellor Friedrich Merz successfully navigated a 40-minute meeting with Donald Trump in the Oval Office without falling victim to the public humiliation the American president has doled out to other leaders — even though both Germany and Europe are two of Trump’s perpetual irritants.

Wall Street is gambling on Trump’s tariff reversals, dubbing the strategy the “TACO” trade. Alexandra Semenova breaks it down bloom.bg/3SDX2Cg