Monday, February 3, 2025

An analysis of FEC filings shows Elon Musk spent $288M+ to elect Trump and other Republicans, the 2024 election's biggest donor; Musk's America PAC raised $263M (Washington Post)

Washington Post:
An analysis of FEC filings shows Elon Musk spent $288M+ to elect Trump and other Republicans, the 2024 election's biggest donor; Musk's America PAC raised $263M  —  Billionaire Elon Musk spent at least $288 million to help elect President Donald Trump and other Republican candidates …



The Seoul High Court upholds a decision clearing Samsung Electronics Executive Chairman Jay Y. Lee of fraud and stock-rigging, a major victory for Samsung (Bloomberg)

Bloomberg:
The Seoul High Court upholds a decision clearing Samsung Electronics Executive Chairman Jay Y. Lee of fraud and stock-rigging, a major victory for Samsung  —  - Seoul court upholds Jay Y. Lee's earlier victory on appeal  — The Samsung scion can now focus on turning around the firm



Stablecoins are becoming a core part of financial infrastructure in emerging markets, expanding beyond cross-border payments into consumer finance and more (Tage Kene-Okafor/TechCrunch)

Tage Kene-Okafor / TechCrunch:
Stablecoins are becoming a core part of financial infrastructure in emerging markets, expanding beyond cross-border payments into consumer finance and more  —  Five years ago, SpaceX launched Starlink, which has since grown into its biggest revenue driver, expanding to more than 100 countries.



Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; it was last valued at $1.2B in 2024 (Meir Orbach/CTech)

Meir Orbach / CTech : Docs: Israeli AI chip startup Hailo is pursuing an urgent IPO via a SPAC merger at a valuation of less than $500M; ...