Elon Musk returns to the White House at dinner for Saudi crown prince

Crown Prince Mohammed bin Salman of Saudi Arabia is currently overseeing a restructuring of the kingdom's wealth fund after nearly a decade of costly investments that have yielded mixed results. This comes as President Trump welcomed him to the White House, highlighting the ongoing partnership between the two leaders.

Elon Musk's xAI has partnered with the Saudi artificial intelligence company Humain to establish a new data center in Saudi Arabia. This initiative is part of Crown Prince Mohammed bin Salman's strategy to diversify the kingdom's economy. The data center will be xAI's largest outside the United States.

When Donald Trump implemented global tariffs in April, economists anticipated severe economic repercussions. However, as time has passed, the predicted fallout has not materialized, raising questions about the accuracy of expert forecasts regarding tariffs.

The White House's demands have unexpectedly complicated the sale of Warner Bros. Discovery, with Paramount, Comcast, and Netflix preparing first-round bids by November 20. Political and financial influences, including involvement from President Donald Trump and Saudi funds, are affecting the acquisition process. David Zaslav has also established a financial escape route amidst these challenges.

The White House's demands have complicated the sale of Warner Bros. Discovery, with Paramount, Comcast, and Netflix preparing first-round bids by November 20. Political and financial influences, including President Donald Trump's involvement and Saudi funds, have added complexity to the acquisition process. David Zaslav has created a financial escape route amid these challenges.

Tesla investors have shown strong support for CEO Elon Musk, with approximately 75% voting in favor of a groundbreaking pay package that could potentially reward him with $1 trillion if he significantly increases the company's value. This decision reflects the confidence shareholders have in Musk's vision for Tesla's future.

Elon Musk announced that his xAI artificial intelligence startup plans to develop a 500 megawatt data center in Saudi Arabia in collaboration with Humain, the kingdom’s state-backed AI venture. The announcement was made during a US-Saudi investment forum in Washington, where Musk was joined by Nvidia CEO Jensen Huang, indicating a significant partnership in the AI sector.

A 101-year-old shipping company has filed for Chapter 11 bankruptcy amid a downturn in the freight industry, which includes trucking, rail, maritime shipping, air, logistics, and warehousing. The downturn has been exacerbated by the implementation of tariffs by the White House, contributing to uncertainty in the market.