The dollar fell and global stock markets are holding up despite President Trump announcing his plan to impose reciprocal tariffs on trading partners.

Judging by the initial market reaction, President Trump’s latest tariff threat seems to carry more bark than bite.Eric Lee/The New York Times

Elon Musk’s growing power in government appears to be making some of his businesses more of a magnet for investors. Case in point: Banks have managed to sell off most of the $12.5 billion worth of debt owed by X, his social network, to eager buyers. Investors are essentially betting that the company’s future is brighter because of his role at the heart of government.

It’s a different situation from what worries many Musk skeptics — that he will use his vast influence to directly benefit companies like SpaceX. It’s also worth flagging that the scrutiny

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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