3. ‘I’ll say what I want’
Elon Musk might have just made his brand new Twitter CEO’s job even tougher. Days ago, the billionaire Tesla chief hired Linda Yaccarino, who had a successful run as NBC Universal’s ad chief, to run the social media company and help boost its flagging advertising revenue. During his exclusive interview with CNBC’s David Faber on Tuesday night, however, Musk said he didn’t care if his often inflammatory tweets scared away business from his companies. “I’ll say what I want, and if the consequence of that is losing money, so be it,” he told Faber. The night before the interview, Musk tweeted attacks on liberal billionaire George Soros, who is routinely the target of anti-Semitic and right wing insults and conspiracy theories, saying he “hates humanity.” The head of the Anti-Defamation League called Musk’s latest Soros tweets “dangerous.” Musk denied that he is an anti-Semite.
4. A little progress
Every little bit helps, right? On Tuesday, President Joe Biden and Vice President Kamala Harris met with the big four congressional leaders as they work toward averting the first-ever default in U.S. history. While the sides remain distant on their respective demands, they’ve devised a new negotiation framework that involves direct talks between two top Biden aides and an ally of House Speaker Kevin McCarthy. Biden on Wednesday is set to travel to Japan for the Group of Seven Summit, but he will cut his overall trip to the Asia-Pacific region short while negotiations continue ahead of the early June deadline to raise the debt ceiling. “There was an overwhelming consensus I think in today’s meeting with congressional leaders that defaulting on the debt is simply not an option,” Biden said.
5. Grain deal set to expire
It’s not clear yet whether Russia will extend its agreement to allow agricultural exports out of Ukraine while the war continues. The pact ends Thursday. The so-called Black Sea grain deal has ensured the availability of grain and other crops from Ukraine, keeping food inflation in check and ensuring food security for millions. “When the appropriate decision is made, we will inform you, this is the only thing I can say so far,” Dmitry Peskov, the Kremlin’s top spokesman, said Tuesday. Follow live war updates.
And one more thing …
It’s practically spooky. For the third time in franchise history the San Antonio Spurs will make the first pick in the NBA Draft. And, just like the last two times, the team will have the chance to select a player with seemingly unlimited potential. In 1987, it was David Robinson. In 1997, it was Tim Duncan. Both won mulltiple titles and are ranked among the 75 greatest players in NBA history. This time it’s 19-year-old French phenom Victor Wembanyama, who is taller than most big men at 7′3″ and plays with the grace of a guard. The NBA Draft is scheduled for June 22.
— CNBC’s Mike Calia wrote this newsletter. Alex Herring, Melissa Repko, Christina Wilkie, Emma Kinery and Amanda Macias contributed.
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