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February 24th - According to Politico, U.S. House Speaker Mike Johnson said on Monday that Congress is unlikely to consider any legislation to codify President Trumps tariff agenda after the Supreme Court overturned the administrations sweeping tariff policy last week. Johnson stated, "I think reaching a consensus on the path forward at the legislative level on tariffs will be a challenge. So I think thats why the focus is all on the executive side, on the executive branch and what theyre doing and how theyre responding to the ruling."A senior U.S. Department of Justice official said the Department of Justice and the Federal Trade Commission will launch an investigation to consider developing new guidelines for cooperation between competitors.Fitch Ratings: Dont expect the February 20 tariff ruling to translate into a positive factor for US corporate ratings or drive an upgrade.Fitch Ratings: Despite the temporary easing of the situation, U.S. companies are once again facing the challenge of tariff uncertainty.On February 24th, U.S. House Speaker Boris Johnson stated regarding the $134 billion tariff refund issue that, following the Supreme Courts ruling, the White House will decide whether to refund the $134 billion in tariffs. He called this situation "unprecedented" and without precedent. He pointed out that the government has "ample reasons," and the House has not yet intervened in the matter. Democrats are currently pushing for legislation, with some suggesting issuing refund checks directly.

Twitter Shares Fall as Musk's $44 Billion Take-Private Deal Faces "Serious Danger"

Charlie Brooks

Jul 08, 2022 11:08


During Thursday's after-hours trade, it was reported that Twitter's $44 billion take-private plan with Elon Musk is in "serious danger" as a result of Musk's decision to pull back fundraising efforts owing to continuous worries over spam accounts.


After-hours trading for Twitter Inc (NYSE:TWTR) declined by more than 3 percent following the news.d


According to unnamed sources cited by the Washington Post, Musk and his team suspended fundraising efforts for the acquisition after concluding that Twitter's data on spam accounts are unverifiable.


Twitter has stated that it deletes over 1 million spam accounts everyday and believes that bot accounts account for less than 5% of its user base. In an attempt to allay Musk's concerns, the social media behemoth has recently disclosed a plethora of data, but Musk's team remains skeptical and believes "they do not have enough information to analyze Twitter's financial prospects," according to a report citing sources.



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