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<ul class="summary-list"><li>Jeff Bezos congratulated Donald Trump on winning the presidential election.</li><li>They've traded many barbs over the years.</li></ul>On Wednesday, Jeff Bezos <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-congratulates-donald-trump-election-win-washington-post-2024-11">congratulated Donald Trump</a> on "an extraordinary political comeback and decisive victory" in the 2024 presidential election, wishing the president-elect "all success in leading and uniting the America we all love."Following the assassination attempt on Trump at a Pennsylvania rally in July 2024, <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-offers-condolences-to-trump-rally-shooting-feud-2024-7">Bezos broke a hiatus of nearly nine months on X</a>, formerly known as Twitter, to write, "Our former President showed tremendous grace and courage under literal fire tonight. So thankful for his safety and so sad for the victims and their families."The billionaire Amazon founder and Trump have been contentious at times. In 2016, Bezos said Trump's wish to lock up Hillary Clinton or refuse to accept a loss in that election <a target="_blank" rel="" class="" href="https://www.businessinsider.com/jeff-bezos-donald-trump-eroding-our-democracy-2016-10">"erodes our democracy around the edges."</a>"One of the things that makes this country as amazing as it is, we are allowed to criticize and scrutinize our elected leaders," Bezos said at the time."An appropriate thing for a presidential candidate to do is say, 'I am running for the highest office in the world, please scrutinize me,'" he continued. "That's not what we've seen. To try and chill the media and threaten retribution and retaliation, which is what he's done in a number of cases, it just isn't appropriate."Following Trump's election that year, <a target="_blank" rel="" class="" href="https://www.businessinsider.com/heres-how-jeff-bezos-introduced-himself-to-trump-2016-12">Bezos was one of several tech leaders who met with the president-elect</a> in a summit Bezos later described as "very productive." Introducing himself in the meeting, Bezos added that he was "super excited about the possibilities this could be the innovation administration."<h2 id="49a02ccc-4bee-4ce3-998e-48d62b0eeda7">Trump and Amazon</h2>While campaigning for the 2016 presidential election, <a target="_blank" rel="" class="" href="https://www.businessinsider.com/donald-trump-says-amazon-will-have-such-problems-2016-2">Trump said Amazon would have "such problems" if he became president</a>.In 2017, he <a target="_blank" class="" href="https://x.com/realDonaldTrump/status/897763049226084352">tweeted</a> that the company was "doing great damage to tax paying retailers" and that "towns, cities and states throughout the U.S. are being hurt."He repeated similar sentiments the following year, <a target="_blank" href="https://www.businessinsider.com/trump-amazon-war-trump-blasts-amazon-for-post-office-retail-effect-2018-4">saying that</a><a target="_blank" class="" href="https://www.businessinsider.com/trump-amazon-war-trump-blasts-amazon-for-post-office-retail-effect-2018-4"> Amazon was pushing smaller retailers out of business</a>.Trump has also said on multiple occasions that <a target="_blank" class="" href="https://www.businessinsider.com/trump-war-against-amazon-usps-postal-service-2017-12">Amazon should be paying more for USPS deliveries</a>."Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer?" <a target="_blank" rel="noopener nofollow" href="https://twitter.com/realDonaldTrump/status/946728546633953285">he tweeted in 2017</a>. "Should be charging MUCH MORE!"In 2019, <a target="_blank" class="" href="https://www.businessinsider.com/jedi-amazon-donald-trump-jeff-bezos-pentagon-billion-contract-complaint-2019-12">Amazon filed a federal complaint challenging the Department of Defense's decision</a> to award Microsoft a $10 billion contract to move sensitive data to a cloud server rather than Amazon Web Services.The company said in the complaint that Trump swayed the decision to "pursue his own personal and political ends" and to harm Bezos, "his perceived political enemy." Amazon said Trump made "repeated public and behind-the-scenes attacks" about the company and Bezos, who was still CEO at the time.In 2021, the <a target="_blank" href="https://www.businessinsider.com/jedi-aws-microsoft-play-nice-to-win-new-pentagon-contract-2021-7">DoD</a><a target="_blank" class="" href="https://www.businessinsider.com/jedi-aws-microsoft-play-nice-to-win-new-pentagon-contract-2021-7"> canceled the contract with Microsoft</a> and announced a multi-vendor contract to seek proposals from Microsoft and AWS as "the only Cloud Service Providers (CSPs) capable of meeting the Department's requirements."<h2 id="f18b23a9-7872-4177-903b-ea898bde2b31">Trump and The Washington Post</h2>Trump has repeatedly criticized <a target="_blank" class="" href="https://www.businessinsider.com/washington-post-donald-trump-kamala-harris-endorsement-bezos-why-matters-2024-10">The Washington Post</a>, which Bezos owns.In 2019, Trump bashed Bezos and the Post as he appeared to talk about Bezos' divorce from <a target="_blank" rel="" class="" href="https://www.businessinsider.com/jeff-bezos-wife">MacKenzie Scott.</a>"So sorry to hear the news about Jeff Bozo being taken down by a competitor whose reporting, I understand, is far more accurate than the reporting in his lobbyist newspaper, the Amazon Washington Post," Trump wrote on X. "Hopefully the paper will soon be placed in better &amp; more responsible hands!"For the first time in decades, the newspaper didn't publish an endorsement of a presidential candidate in 2024. <a target="_blank" href="https://www.businessinsider.com/jeff-bezos-owned-washington-post-wont-endorse-presidential-candidate-2024-10">Bezos reportedly intervened to block an endorsement of Kamala Harris</a> that had already been drafted.<a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-washington-post-endorsement-presidential-media-trust-why-2024-10">Bezos later wrote an op-ed defending the newspaper's decision to decline to endorse,</a> saying endorsements "create a perception of bias" and "do nothing to tip the scales of an election."

The history of Jeff Bezos and Donald Trump's relationship

<ul class="summary-list"><li><keyword id="19918985" type="General" weightage="20" keywordseo="Donald-Trump" source="keywords">Donald Trump</keyword> won the election with the help of personalities like <keyword id="20341465" type="General" weightage="20" keywordseo="Joe-Rogan" source="keywords">Joe Rogan</keyword>.</li><li>Rogan is a podcaster, right? Well, yes, but he's also a YouTuber.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-joe-rogan-tony-hinchcliffe-rally-election-campaign-2024-10">Podcasts played a huge role in getting Donald Trump re-elected</a> this week. Right? Or maybe it was Twitter. Or TikTok. Could be all of them. And it could also be that people interested in those mediums and platforms have reasons to want to believe they were important. But if you're going to look at the way the internet played a role in the election and you're not talking about YouTube, you're doing it wrong. So, once again: <a target="_blank" href="https://www.businessinsider.com/youtube-valuation-mrbeast-how-much-worth-2024-3">YouTube is massive</a> — so massive <a target="_blank" href="https://abc.xyz/assets/71/a5/78197a7540c987f13d247728a371/2024q3-alphabet-earnings-release.pdf">it generated $50 billion in revenue over the last year</a>, with the majority of that coming from advertising. Advertisers are spending that money because that's where the eyeballs are. And certainly, some of those eyeballs consumed a lot of political/election content over the last year. <a target="_blank" href="https://www.pewresearch.org/journalism/fact-sheet/social-media-and-news-fact-sheet/">Pew Research</a> says 32% of American adults regularly get their news from YouTube — more than any other social media platform except for Facebook, at 33%. And I'm very confident — based on my non-scientific poll of my teenage sons, who inhale YouTube — that those numbers are way, way bigger for young people. What do people who watch political stuff watch on YouTube? In some cases, it's just another version of TV: Fox News reportedly drew as many as 1.1 million concurrent viewers for its election-day livestream on YouTube. That was about 10% of its conventional TV audience, but still notable for a platform that skews very young. Overall, YouTube viewers consumed 67 million hours of live streams on Election Day, per <a target="_blank" href="https://fortune.com/2024/11/06/youtube-election-news-trump-harris-twitch-rumble-stream-fox-nbc/">Streams Charts</a>. But what was most interesting about the election was the way the Trump campaign spent the summer embracing YouTube personalities. Starting with people you've heard of, like Joe Rogan, down to ones you may have never heard of before this year, like the <a target="_blank" href="https://www.youtube.com/FULLSENDPODCAST">Nelk Boys</a>. Wait a minute! I can hear you saying. Isn't Joe Rogan a podcaster? Absolutely. But Rogan, like many other creators/influencers/personalities, creates content that lives on multiple platforms at the same time. You can listen to his <keyword id="20677488" type="General" weightage="20" keywordseo="podcasts" source="keywords">podcasts</keyword> on Spotify, but you can listen to them — and watch them — on YouTube. And that happens way more often than you might think. <a target="_blank" class="" href="https://www.edisonresearch.com/youtube-is-the-preferred-podcast-listening-service/">Edison Research</a> says YouTube — including both regular, free YouTube and YouTube's paid YouTube Music service — is the most popular way for people to listen to (or watch) podcasts. You can see it in some of the numbers. <a target="_blank" href="https://www.youtube.com/watch?v=hBMoPUAeLnY">Rogan's October interview with Trump</a> has drawn a staggering 47 million views (note: Don't try comparing this to a TV rating, since YouTube reportedly counts a "view" as 30 seconds of watching — and someone who watches for a bit, stops and comes back to the same video later in the day, will count as a second view). <a target="_blank" href="https://www.youtube.com/watch?v=fRyyTAs1XY8">The one he did with JD Vance</a> this month is now above 15 million. But even <a target="_blank" href="https://www.youtube.com/@joerogan">a standard-issue Rogan interview</a> can generate 2 million views or more. And there is a universe of conservative podcasts, or podcasts that aren't political but are open to conservative guests that do big numbers on YouTube, from former Fox hosts Tucker Carlson and Megyn Kelly to former reality TV star Theo Von. Trump visited all of them. You can also find bits of their shows on places like Instagram and TikTok. But they focus their efforts on YouTube, for the reasons many creators do. For starters, you can find a big audience there. And YouTube's algorithmic discovery mechanism means creators can get themselves in front of audiences that weren't looking for them. Podcast audiences, by contrast, grow slowly — but tend to stick around once they connect with someone they like, says Chris Balfe, CEO of <a target="_blank" href="https://www.redseatventures.com/clients">Red Seat Ventures</a>, a company that helps the likes of Carlson, Kelly and The Free Press' Bari Weiss sell ads for their shows. And, unlike platforms like Instagram and TikTok — podcasters can get a meaningful share of the <keyword id="20015770" type="General" weightage="20" keywordseo="advertising-revenue" source="keywords">advertising revenue</keyword> generated by their YouTube audiences. (There are also liberal/left podcasters/YouTubers, like Crooked Media, the company behind Pod Save America. But there aren't nearly as many of them, and they don't have the same kind of reach, as journalist <a target="_blank" href="https://www.usermag.co/p/why-democrats-wont-build-their-own">Taylor Lorenz notes</a>.) So should we be calling these folks podcasters? Or YouTubers? Yes, says Balfe. "I think they're the same thing. We should think about it as a podcast plus a <keyword id="23944857" type="General" weightage="100" keywordseo="YouTube-election" source="keywords">YouTube election</keyword>," he says. "Or a <keyword id="20437786" type="General" weightage="20" keywordseo="creator-economy" source="keywords">creator economy</keyword> election. The best-performing talents do well everywhere." Correction: November 11, 2024 — Streams Charts is the name of the company that tallied Election Day YouTube live-stream viewing, not Stream Charts.

Let's call it the YouTube election

<ul class="summary-list"><li>Elon Musk's X has tapped Mahmoud Reza Banki to serve as the platform's chief financial officer.</li><li>Banki, a former Tubi executive, received a presidential pardon from Donald Trump in 2021.</li></ul><a target="_blank" rel="" href="https://www.businessinsider.com/elon-musk">Elon Musk's</a> X has appointed Mahmoud Reza Banki, a former Tubi executive who received a presidential pardon from Donald Trump, as the platform's new chief financial officer.Banki, who previously held the title of chief financial officer and chief strategy officer at streaming service Tubi from 2017 to July 2023, <a target="_blank" class="" href="https://www.linkedin.com/in/mrezabanki/">updated his LinkedIn profile </a>to reflect the new position.The former Tubi executive is X's first public CFO. Current and former employees told <a target="_blank" href="https://www.wsj.com/tech/musks-x-names-mahmoud-reza-banki-cfo-65538482">The Wall Street Journal,</a> which first reported the news, that other executives had helped to fill the role in the two years since Musk bought the platform for $44 billion.Representatives for X did not immediately respond to a request for comment from Business Insider, made outside normal working hours.<h2 id="220e3692-5d72-4976-8a08-c7db2b99abb8">Presidential pardon</h2>Banki received a pardon from President Trump on January 19, 2021.He was pardoned for a case connected to 2010 charges of making false statements. He also faced charges related to sanctions violations against Iran, which were later overturned.Banki spent almost two years in prison before he was released in November 2011 following a successful appeal.In a statement released following the pardon, the Trump administration said: "In 2010, Dr. Banki was charged with monetary violations of Iranian sanctions and making false statements.""However, the felony charges for making false statements have prevented Dr. Banki from resuming a full life. In the years since his conviction, Dr. Banki has dedicated himself to his community and maintained a sincere love and respect for the United States," the White <a target="_blank" class="" href="https://trumpwhitehouse.archives.gov/briefings-statements/statement-press-secretary-regarding-executive-grants-clemency-012021/">House said in the statement.</a>Banki was among 73 individuals who were granted pardons in the final days of Trump's administration. An additional 70 individuals also had their sentences commuted.Banki's <a target="_blank" class="" href="https://rezastory.com/pardon/">website</a> states he left postwar Iran in the 1990s and traveled to the US at the age of 18 "on the promise of the American dream and to have a shot at a better life."The website adds that he graduated from UC Berkeley with a double major and Princeton with a Ph.D. before joining McKinsey &amp; Company in New York City in 2005.Referring to the presidential pardon, his website states: "Joy at the outcome. Relief for justice at last. Sadness of the utter pain, distress, and hopelessness throughout. Exhaustion of the journey. And ultimately thankful to have a grave weight off my shoulders."<h2 id="032f3435-2fc6-4b2b-ad49-f75165f8fbad">X's financial issues</h2>Banki is joining the X at a critical time for the platform.Since Musk took control of the platform in 2022, the company has faced financial challenges, including a drop in advertising revenue. Some major brands have pulled their content from X, and the platform has struggled to win back advertisers.In a September report, market <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-x-advertisers-plan-to-pull-back-spending-survey-2024-9">research firm Kantar found</a> that more than a quarter — or 26% — of advertisers surveyed planned to cut their spending in 2025.The value of X has also fallen sharply.In January, asset manager Fidelity said X had lost over 71% of its value since Musk acquired it in October 2022.The Wall Street Journal reported in August that Musk's Twitter purchase had ended up being the <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-x-twitter-debt-financing-banks-2008-financial-crisis-2024-8">worst buyout financing deal for </a>banks since the 2008 recession.The $13 billion in loans Musk took out have been stuck on banks' balance sheets, the Journal reported.Musk's vision for X also includes developing a range of financial features that could allow users to manage their finances entirely on the platform. The billionaire plans to turn X into an "everything app," similar to WeChat.

X's new CFO received a presidential pardon from Donald Trump     

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/mark-zuckerberg">Mark Zuckerberg</a> played it safe this election — deemphasizing politics on Meta's platforms.</li><li>Although Donald Trump has said he would like to put Zuckerberg in jail, that's highly unlikely.</li></ul>Mark Zuckerberg has been burned before. In the elections of 2016 and 2020, Facebook came under intense scrutiny. (And it's still going on: There was a <a target="_blank" class="" href="https://www.supremecourt.gov/oral_arguments/live.aspx">Supreme Court hearing</a> Wednesday over lingering issues from the <a target="_blank" class="" href="https://www.businessinsider.com/mark-zuckerberg-deposition-sec-facebook-user-data-cambridge-analytica-2022-12">Cambridge Analytica scandal</a>.)In 2024, Zuckerberg and Meta played it safe by trying to stay as far away from the election as possible. No more elaborate efforts to register voters on Facebook. No more <a target="_blank" class="" href="https://www.businessinsider.com/trump-attacks-mark-zuckerberg-in-an-angry-statement-2021-10">$400 million donations to get-out-the-vote efforts</a> like in 2020. No more promoting news pages or Facebook Groups that might do things like organize a large and dangerous rally.Meta nipped the whole thing in the bud by <a target="_blank" class="" href="https://www.businessinsider.com/threads-twitter-politics-not-the-focus-adam-mosseri-2023-7">tamping down news and political content</a> recommendations across Facebook, Threads, and Instagram. Sure, this was at least in part because user feedback told them we all wanted less political content — but it also happened to be quite convenient for a company that wanted out of the nightmare of continuous controversies anyway.The strategy paid off: On Tuesday, there's little talk of Meta's role in the election. Zuckerberg's would-be grappling partner, Elon Musk, did the exact opposite: He went all-in on Trump with both <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-twitter-donald-trump-wealth-campaign-influence-2024-11">his own money and the heft of his social platform</a>. That turned out well for Musk — but it was a risk.So Meta made it through the election without half the country convinced that it helped cause the result. Meanwhile, Zuckerberg is unlikely to be dragged in front of Congress to answer questions about his platform's perceived bias.What a Trump administration means for Meta, well, we'll see. There are some <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-presidency-affect-big-tech-2024-11">potential downsides for Big Tech</a> — tariffs could hurt parts of their businesses, for example. And Meta is already facing a variety of legal battles with states. But any possible outcomes — good or bad — are more in the realm of normal ups and downs, not existential reckonings or crises. For Meta, it'll likely be broadly business as usual.As far as <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-comments-about-facebook-mark-zuckerberg-feud-history-2024-7">Trump's threat to jail Zuckerberg</a>? I'll eat my hat and Trump's if that actually happens. It was part of the rhetoric from Trump grumbling about the 2020 election outcome. Now that he's won in a clear and decisive way, I think he'll move on.And Zuckerberg, like some other CEOs, seems to have figured out the most effective way to manage Trump: deal with him privately — <a target="_blank" class="" href="https://www.businessinsider.com/facebook-ceo-mark-zuckerberg-had-undisclosed-dinner-donald-trump-2019-11">Zuckerberg met with Trump</a> at an undisclosed dinner in 2019 — and praise him publicly. After the assassination attempt on Trump in July, Zuckerberg referred to Trump as looking "badass."On Wednesday, Zuckerberg continued to play it safe. He posted a message to Threads congratulating Trump on his win. But he was apparently playing it truly safe: He didn't post his message until two hours after <a target="_blank" class="" href="https://www.businessinsider.com/business-leaders-react-donald-trump-winning-election-silicon-valley-2024-11">Jeff Bezos posted a congratulations message</a> of his own.

Mark Zuckerberg played it safe with Donald Trump this election. That strategy worked.

The internet insists on calling a spade a spade. The internet will also pompously convince you that they have personally worked with a variety of spades and that they intimately understand how these fantastic tools curve precisely around their working edges for maximum utility. However, any amount or manner of squinting will also reveal that the tool they’re referring to, is in fact, a shovel. Despite the fact that humans today indubitably can access information like before in history, there is still a terrible misinformation pandemic afoot. When it isn’t producing dizzying Mandela Effects to reconcile with, it is mobilising the public with pitchforks, rallying them for a cause they didn’t care about until a week ago. A similar incident transpired during the recent 2024 Paris Olympics, where the identity of Algerian boxer <keyword id="22621786" type="General" weightage="100" keywordseo="imane-khelif" source="keywords">Imane Khelif</keyword> came under intense scrutiny after her historic gold — with some media outlets and influential personalities also aiding the uproar. Since the initial row dragged in high-profile figures such as <keyword id="19903807" type="General" weightage="20" keywordseo="elon-musk" source="keywords">Elon Musk</keyword> and Trump, a leaked medical report has claimed to “confirm” Imane’s male-ness. This renewed public discourse on the matter, with various Indian media outlets once again casually labelling the athlete as “a man”. For example, a headline in the Hindustan Times ran, “Imane <keyword id="22633929" type="General" weightage="20" keywordseo="khelif" source="keywords">Khelif</keyword>, Paris Olympics medalist, confirmed a man in leaked medical report”, and another article by Livemint claimed Khelif was "confirmed as man" following the leak of her medical details. Similar headlines were being carried by a host of mainstream outlets, including The Indian Express and Moneycontrol. Science suggests that there is a great deal of nuance to gender and identity, concepts that are misrepresented due to a lack of gender studies in traditional education. Reporting Khelif to be a man, based solely on reported biological characteristics is highly misleading when discussing both the medical and societal implications of gender identity. To clear the confusion, let’s look at the official definitions of gender, explore Khelif’s reported medical condition, and review the consequences of how media coverage can amplify misunderstandings and bias. <h2>Where the new controversy started</h2>The recent controversy began when a leaked medical report indicated that Khelif has XY chromosomes, internal testes, and lacks a uterus, potentially due to a rare genetic condition called 5-alpha reductase deficiency. <div type="Article" hostid="261" msid="112218392" title="Imane Khelif: Is it accurate to label this female-born boxer as ‘biological male’ or ‘transgender’?" mstype="2" mssubtype="0"></div>This was nothing new, as a similar report had helped Khelif become the subject of substantial media and public scrutiny in the past as well. During the Olympics, however, statements from high-profile figures like former US President <keyword id="19918985" type="General" weightage="20" keywordseo="donald-trump" source="keywords">Donald Trump</keyword> and author <keyword id="20260304" type="General" weightage="20" keywordseo="jk-rowling" source="keywords">JK Rowling</keyword> — who insisted that Khelif was an ineligible man — helped catapult public discourse on gender and sports to astronomical levels. In response, Khelif filed a complaint in France against Trump, Rowling, and Elon Musk, citing cyber harassment and arguing that the comments about her identity amount to public harassment. Despite the reports and the outrage, the International Olympic Committee (IOC) has upheld her eligibility to compete in the women’s division, acknowledging her identity as a woman. They based their decision on her lifelong identification as female and her history of competing as such, setting an example of inclusivity while recognising the complexities of gender and biological diversity. <h2>Difference between sex and gender</h2>Understanding Khelif’s case requires better clarity on the terms “sex” and “gender.” While the public may use them interchangeably, there are important differences that are rooted in many fields of science. Sex typically refers to biological differences — chromosomes, hormones, and reproductive anatomy. Gender, however, encompasses the social roles, behaviours, and identities that individuals embody, which may or may not align with their biological sex. A helpful way to think about this distinction is by analogy. Consider how some people have genetically blue eyes while others have brown eyes — these are inherent biological characteristics. However, people might choose to wear contact lenses to change their eye colour, much like how gender identity can vary depending on how individuals view themselves and how they are seen within society. Another popular — albeit somewhat controversial — manner of comparing the two is to think of a person’s sex as their “hardware”, while their gender is the “software” they run on. As such, a person’s biology might suggest certain physical traits, but their gender identity could align differently based on personal and cultural factors. To help them feel more at ease with their bodies, many individuals often undergo hormone therapy and counselling. Some even opt for “gender-affirming” surgeries to modify their physical appearances to match up with the gender they feel the most comfortable in. It is also key to recognise that, for some people, gender identity is flexible and can evolve over time. While biological sex generally remains constant, some people may feel more connected to a specific gender at certain points in their lives, while at other times, they feel aligned with another. This concept, called gender fluidity, shows that gender identity isn't always fixed, and is instead shaped by a blend of inner feelings and external experiences, meaning it can shift naturally over time. Supporting this fluidity helps people feel accepted and understood. <h2>Media language and its implications</h2>Due to these reasons, it is problematic when media outlets refer to Khelif as a "man" or "confirmed as man" in their headlines, which is often the only section of the news most read nowadays. These titles communicate to the general public that biology alone dictates gender identity, a stance inconsistent with widely accepted definitions and understandings of gender today. For instance, even the <keyword id="19896311" type="General" weightage="20" keywordseo="world-health-organization" source="keywords">World Health Organization</keyword> (WHO) differentiates between sex and gender based on the biological and socially constructed characteristics discussed earlier, insisting that calling someone a man based on sex-linked traits alone oversimplifies their identity and disregards personal self-identification. Not just the WHO, major organisations such as the American Psychological Association (APA) and the United Nations differentiate sex and gender in a similar manner. Science aside, news outlets have a responsibility to handle sensitive issues like gender identity with nuance and respect. While transparency in reporting is essential, invasive coverage of Khelif's private medical details and sensationalised labelling may infringe upon her privacy. Moreover, by framing her gender identity in simplistic terms, the media risks reinforcing stereotypes and marginalising individuals with differences in sex development or gender diversity. <div type="Article" hostid="261" msid="112240010" title="Dutee Chand extends support to under-fire boxer Imane Khalif following controversial win in Paris Olympics" mstype="2" mssubtype="0"></div>Overall, such rare, unique, and complex cases must be handled by the appropriate and informed authorities and should not be subject to a media trial. Ethically, a more respectful approach would involve using gender-neutral terms when discussing Khelif’s eligibility and refraining from language that disregards her self-identification as a woman. Such reporting would be in line with journalistic guidelines that emphasise minimising harm and respecting the dignity of individuals, especially those in vulnerable or marginalised communities. <h2>What even is 5-Alpha Reductase Deficiency?</h2>The condition reportedly attributed to Khelif, 5-alpha reductase deficiency, is a rare genetic condition. Individuals with this condition have XY chromosomes, but their bodies do not effectively convert testosterone into dihydrotestosterone (DHT), an androgen responsible for male genital development. Consequently, people with this condition often appear female or have ambiguous genitalia at birth, although they might undergo masculinising changes at puberty. Notably, people with 5-alpha reductase deficiency are typically assigned female at birth in societies with limited access to advanced genetic testing. Even Imane’s assigned gender was 'female' at birth, as per the official birth certificate shared by her family after the initial controversy during the Paris Olympics. Many of these individuals live as women and some self-identify as female throughout their lives. Thus, it would be misleading to categorically label them as male solely due to their chromosomal makeup, as this does not reflect their lived gender experience. The controversy surrounding Imane Khelif raises essential questions about gender identity and eligibility criteria in competitive sports. Many governing bodies are grappling with these issues, and it is clear that a single set of criteria may not accommodate the complexities of gender. Striking a balance between fair competition and the inclusion of all athletes will require policies informed by medical insights and a compassionate understanding of gender identity. Moving forward, it is essential that media, sports organisations, and the public alike strive to understand gender identity as an intricate intersection of biology, identity, and culture. Disclaimer: This article uses she/her pronouns considering that Imane identifies herself as female and a woman, and we were unable to find any public information on her preferred pronouns. However, this does not imply any form of judgement on the athlete’s gender identity. The decision on whether such athletes should be allowed to participate in competitions must be left to appropriate authorities and should not be made on social or digital media.

Imane Khelif Olympic gold controversy resurfaces. Is it accurate to term the Algerian boxer a “confirmed man”?

<ul class="summary-list"><li>During his 2024 presidential campaign, Donald Trump said he would "never ban TikTok."</li><li>Without court intervention, TikTok could be banned right as Trump takes office.</li></ul>Donald Trump may not be able to save TikTok, despite pledging to do so on the campaign trail.In June, the president-elect <a target="_blank" href="https://www.tiktok.com/@thecharliekirkshow/video/7377527307478502699?lang=en">told the app's users</a> he would "never ban TikTok." This may have earned him some support from the app's fans, business partners, and <a target="_blank" href="https://affiliate.insider.com?h=b5b9c47f7ad2534ac9824b21bff40dd26be554e92c0b5e20ae01820f3d7c30dd&amp;postID=672cd6f11153528a7c51e509&amp;postSlug=donald-trump-block-tiktok-ban-legal-experts-2024-11&amp;site=bi&amp;u=https%3A%2F%2Fwww.theinformation.com%2Farticles%2Ftiktok-sees-trump-victory-as-apps-best-hope">employees</a> who rely on TikTok to make money.As things stand, TikTok is still marching toward its demise due to an <a target="_blank" href="https://www.businessinsider.com/senate-passes-tiktok-ban-2024-4">April law</a> passed by Congress that forces its owner, ByteDance, to either divest from its US assets or face a ban from app stores.TikTok is challenging the law in the US Court of Appeals for the District of Columbia Circuit. So far, <a target="_blank" class="" href="https://www.businessinsider.com/tiktok-justice-department-federal-appeals-court-law-ban-expert-2024-9">it's not going great for the company</a>. TikTok is making a free-speech argument against alleged national security concerns tied to its owner being based in China, which the US government has designated a foreign adversary. The DC Circuit often <a target="_blank" class="" href="https://www.businessinsider.com/tiktok-ban-bill-is-first-amendment-disaster-may-survive-courts-2024-4">shows deference to Congress</a> when it comes to national security. The case may ultimately end up in the Supreme Court.Without court intervention, the app is set to be either sold (<a target="_blank" class="" href="https://www.reuters.com/technology/bytedance-prefers-tiktok-shutdown-us-if-legal-options-fail-sources-say-2024-04-25/">unlikely</a>) or banned on January 19, the day before the inauguration. Before leaving office, President Joe Biden has the option to extend that deadline by 90 days, and he hasn't indicated he will do so.Legal experts told Business Insider that TikTok's future in the US is still very much in question despite Trump's election win. The company has to prevail in the courts first to give its app a shot at sticking around, as Trump can't simply repeal the law."Because the law was enacted by Congress, I'm not sure how much wiggle room a future Trump administration would have to ignore it," G.S. Hans, a clinical professor of law at Cornell Law School, told BI.Trump could try to persuade Congress to repeal or change the law, although that seems unlikely, said Matthew Schettenhelm, a litigation and policy analyst at Bloomberg Intelligence."If TikTok loses the case, as I expect, it's much harder to see Trump stopping the ban from taking effect on January 19," he said.Trump has two options to try to rescue TikTok once in office. Neither of them is straightforward, legal sources told BI.<h2 id="fb3fb3bc-ea37-4e4d-85a0-a6b8468f562e">Strategy one: Don't enforce the law</h2>Trump could guard TikTok by asking his Justice Department not to enforce the Protecting Americans from Foreign Adversary Controlled Applications Act regarding TikTok."There's some history with Justice Departments or the president taking issue with a law that's on the books, not enforcing it, potentially declaring it unlawful itself, or refusing to defend it," said Aram A. Gavoor, a former Justice Department senior counsel who now serves as associate dean for academic affairs at the George Washington University Law School.As an example, Gavoor pointed to the decision by former president Barack Obama's administration to stop defending the <a target="_blank" class="" href="https://www.businessinsider.com/landmark-supreme-court-rulings-marriage-equality-in-us-2022-12">Defense of Marriage Act</a>, a since overturned law that banned federal recognition of same-sex marriage.If Trump avoids enforcing the divest-or-ban law, it may not stand up to a legal challenge, as it's possible the Supreme Court will have already upheld its constitutionality by the time he attempts to ignore it.And if Trump's Justice Department opts not to defend the law, Bloomberg's Schettenhelm said it could be risky for American companies like Apple and Google that host TikTok in app stores to keep it around. Trump has already <a target="_blank" class="" href="https://www.businessinsider.com/why-trump-changed-his-mind-on-tiktok-2024-3">flip-flopped</a> on TikTok after <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-tiktok-ban-us-china-explained-in-30-seconds-2020-8">attempting to ban</a> and then <a target="_blank" class="" href="https://www.businessinsider.com/trump-tiktok-deadline-september-15-2020-9">force a sale</a> of the app in 2020. Who's to say that he may not change his mind again?"I'm not sure they'd want to risk enormous liability on the hope that President Trump wouldn't change his mind and start enforcing the law against them," Schettenhelm said.<h2 id="c37a6b94-014a-4402-8322-8968e29dce20">Strategy two: Act like the law doesn't apply to TikTok</h2>Trump could also claim that TikTok isn't subject to the divest-or-ban bill.This one feels a bit absurd, as the bill specifically names TikTok and ByteDance as covered companies.Gavoor said it's possible that TikTok and ByteDance could reorganize so that they don't "trigger the direct definition of their names or a subsidiary or a successor entity" under the law."There's a variety of different potential corporate structures that they're undoubtedly considering," Gavoor said.University of Minnesota law professor Alan Rozenshtein also told <a target="_blank" class="" href="https://www.fastcompany.com/91223946/will-trump-ban-tiktok">Fast Company</a> that Trump could declare that ByteDance divested from TikTok without actually requiring it to do so. Both these approaches would attempt to skirt around the bill's language to avoid enforcing it.Cornell's Hans said any tactic a future Trump administration might take to keep TikTok around would be "uncharted territory.""Given that the effective date of the law is the day before inauguration day, there are all sorts of open questions as to how this will play out," he said.Of course, given all the legal obstacles, Trump may decide that saving TikTok isn't worth the effort as he pursues other issues in his first days in office.Representatives for the Trump campaign and TikTok did not respond to requests for comment.

Donald Trump's pledge to 'never ban' TikTok will be tough to fulfill, legal experts say

<ul class="summary-list"><li>Former first lady Melania Trump has remained an enigmatic figure since Donald Trump entered politics.</li><li>Born in Slovenia, she moved to the US for her modeling career and became a naturalized citizen.</li></ul>Former first lady Melania Trump has remained an enigmatic figure since her husband, former President Donald Trump, launched his political career.Born in Slovenia, she moved to the US to pursue modeling and made history as the first naturalized citizen to become first lady. During her time in the White House, she focused on children's health and well-being with her <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-be-best-campaign-details-2018-5">Be Best</a> initiative and sparked controversy with her fashion statements.A self-described "private person," she has rarely campaigned or granted interviews.Here's a look at Melania Trump's life, career, and <a target="_blank" class="" href="https://www.businessinsider.com/trump-melania-stormy-daniels-affairs-marriages-timeline-2018-3">marriage to Donald Trump</a>.<h2 id="90192e5d-5ca1-4083-a84e-9bdc2fd369e0">Melania Trump's early life and upbringing</h2>Melania Trump, 54, was born Melanija Knavs on April 26, 1970, in Novo Mesto, Slovenia, which was then part of Yugoslavia. Her mother, Amalija Knavs, worked in the fashion industry as a patternmaker at a textile factory. Her father, Viktor Knavs, was a car salesman. She has one sister, Ines Knauss, and a half-brother, Denis Cigelnjak.<div type="image" title="Melania Trump's childhood home in Sevnica, Slovenia." height="683" width="1024" msid="113883421" hostid="261" sizebytes="139624"></div>Melania Trump has said that she speaks English, Italian, French, and German in addition to her native Slovenian.<h2 id="80d16b8c-8bfb-49fb-bfa0-b0593462b604">Melania Trump's modeling career</h2>At 5 feet 11 inches tall, Melania Trump was scouted by photographer Stane Jerko in Slovenia in 1987. She dropped out of architecture school to pursue modeling, appearing on runways in Paris and Milan before moving to the US on a tourist visa in 1996.Melania Trump posed nude for photos that appeared in a French edition of GQ in 1996. The New York Post resurfaced the photos in 2016 during <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-book-claims-roger-stone-behind-leaked-nudes-2019-12">Donald Trump's presidential campaign</a>. She also posed nude on Donald Trump's Boeing 727 private plane for GQ in 2000. That same year, she appeared in the swimsuit issue of Sports Illustrated.<div type="image" title="Melania Trump poses in front of the Sports Illustrated swimsuit issue." height="874" width="1165" msid="113883415" hostid="261" sizebytes="76730"></div>In a post on X in 2024, Melania Trump said that she stands proudly behind her <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-nude-modeling-honor-bodies-memoir-2024-9">nude modeling work</a>, calling it a "celebration of the human form.""Throughout history, master artists have revered the human shape, evoking profound emotions and admiration," she said. "We should honor our bodies and embrace the timeless tradition of using art as a powerful means of self-expression."<h2 id="3c9a5fc7-9e8e-46a3-a620-e7b209c1edd2">Melania Trump's citizenship and immigration</h2>Melania Trump became a <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-immigrant-first-lady-speech-national-archives-2023-12">naturalized US citizen</a> in 2006 and is the first naturalized citizen to serve as first lady of the United States.Speaking at a naturalization ceremony at the National Archives in a rare public appearance in 2023, she recalled navigating a "labyrinth" of paperwork while obtaining her worker visa and becoming a US citizen.<div type="image" title="Melania Trump speaks at the National Archives" height="683" width="1024" msid="113883416" hostid="261" sizebytes="29192"></div>Melania Trump is the second first lady to be born outside the US. The first was Louisa Catherine Adams, the wife of President John Quincy Adams.<h2 id="8b5da627-c413-4b6c-b9e0-5ab233e59561">When Melania Trump met Donald Trump</h2><a target="_blank" class="" href="https://www.businessinsider.com/donald-melania-trump-relationship-timeline-2018-11">Melania and Donald Trump</a> met in 1998 when she was 28 years old at a party thrown by their mutual friend, Paolo Zampolli. At the time, Donald Trump was separated from his second wife, Marla Maples. Their divorce was finalized in 1999.The couple briefly broke up in 2000 but reconciled a few months later. Donald Trump proposed in 2004 with a 15-carat, $1.5 million engagement ring.<h2 id="54bf411f-9848-4517-880a-e66f0f7a9622">Melania Trump's marriage to Donald Trump</h2><a target="_blank" class="" href="https://www.businessinsider.com/trump-family-weddings-photos-details-2022-11">Melania Trump and Donald Trump's wedding</a> took place on January 22, 2005.The ceremony was held at the Bethesda-by-the-Sea Episcopal Church in Palm Beach, Florida, and Donald Trump's <a target="_blank" class="" href="https://www.businessinsider.com/inside-trump-mar-a-lago-club-photos-2018-1">Mar-a-Lago club</a> hosted the reception. <a target="_blank" class="" href="https://www.businessinsider.com/first-ladies-wedding-dress-photos-2020-9">Melania Trump's wedding dress</a> was designed by Christian Dior and embellished with 1,500 crystals and pearls.They welcomed a son, Barron Trump, in 2006.<div type="image" title="Donald Trump and Melania Trump at Mar-a-Lago." height="715" width="1024" msid="113883417" hostid="261" sizebytes="74640"></div>Adult film star <a target="_blank" class="" href="https://www.businessinsider.com/who-is-stormy-daniels-porn-star-affair-donald-trump-2018-1">Stormy Daniels</a> said that she had an affair with Donald Trump after Melania Trump gave birth in 2006. In the first-ever criminal trial of a former US president, <a target="_blank" class="" href="https://www.businessinsider.com/trump-hush-money-trial-verdict-2024-5">Donald Trump was found guilty</a> on all 34 counts of falsifying business records to cover up a $130,000 hush-money payment made to Daniels 11 days before the 2016 election. Donald Trump has denied ever having an affair with Daniels.After The Wall Street Journal broke the news of the <a target="_blank" class="" href="https://www.businessinsider.com/trump-role-stormy-daniels-mcdougal-payments-michael-cohen-2018-11">alleged affair</a> in 2018, Melania Trump retreated from public appearances. She canceled a trip to Davos, Switzerland, that she was scheduled to make with Donald Trump and flew to Mar-a-Lago instead. She also did not acknowledge their wedding anniversary or <a target="_blank" class="" href="https://www.businessinsider.com/melania-trumps-stormy-daniels-valentines-day-silence-2018-2">Valentine's Day</a> on social media as she had in past years. Upon returning to the White House, the Trumps broke protocol by arriving separately to board <a target="_blank" class="" href="https://www.businessinsider.com/melania-donald-trump-break-tradition-following-affair-allegations-2018-2">Marine One</a>.<a target="_blank" class="" href="https://www.businessinsider.com/melania-humiliated-trump-affairs-former-aide-stormy-daniels-2023-4">Stephanie Winston Wolkoff</a>, who was friends with Melania Trump for 15 years, told Page Six that silence is the former first lady's "weapon of choice and her protective armor."<h2 id="28292c1c-d166-46fc-b23d-e6d2a08032ad">Melania Trump's time as first lady</h2>Melania Trump largely remained away from the campaign trail during Donald Trump's 2016 presidential run, but caused controversy when she appeared to copy parts of her speech at the Republican National Convention from <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-takes-center-stage-night-one-gop-convention-2016-7">Michelle Obama's 2008 Democratic National Convention speech</a>.She continued to keep a low profile when Donald Trump was elected to the White House, <a target="_blank" class="" href="https://www.businessinsider.com/melania-barron-trump-white-house-2016-11">staying behind in New York City</a> with their son, Barron, so that he could finish the school year.As first lady, Melania Trump spearheaded Be Best, a campaign focused on promoting children's health and well-being, combating online bullying, and educating communities about opioid addiction. She also visited Ghana, Kenya, Malawi, and Egypt on a solo trip focused on children's health in 2018.<div type="image" title="Melania Trump speaks in the White House Rose Garden with a &quot;Be Best&quot; banner in the background." height="1382" width="2000" msid="113883422" hostid="261" sizebytes="55656"></div>She often appeared in sunglasses that obscured much of her face, sparking an unsubstantiated <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-secret-service-agent-body-double-conspiracy-2017-10">conspiracy theory</a> that she had a body double who would stand in for her at events. Melania Trump's then-spokesperson, <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-stephanie-grisham-book-falling-out-2021-10">Stephanie Grisham</a>, debunked the theory, and Donald Trump slammed reports about the rumors, saying that "fake news" was "only getting more deranged with time!"Melania Trump occasionally wore outfits that proved controversial. In 2017, she wore a $51,500 Dolce &amp; Gabbana jacket at the G7 Summit in Italy that garnered criticism for its steep price tag. She was also criticized for wearing Manolo Blahnik pumps to board Marine One on her way to visit sites impacted by Hurricane Harvey.<div type="image" title="Melania Trump gets into an SUV wearing a green jacket with white writing on the back that reads, &quot;I really don't care, do U?&quot;" height="1000" width="1500" msid="113883419" hostid="261" sizebytes="113964"></div>In 2018, Melania Trump attracted more controversy when she flew to Texas to visit children at a government immigration facility while wearing a <a target="_blank" class="" href="https://www.businessinsider.com/first-ladies-fashion-controversial-outfits-2021-10">Zara jacket that read "I really don't care, do U?"</a>Grisham told Business Insider at the time, "It's a jacket. There was no hidden message."Months later, Melania Trump told ABC News that the message was directed at "the <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-says-she-may-be-the-most-bullied-person-in-the-world-2018-10">left-wing media</a> who are criticizing me," which she said may make her the "most bullied person in the world."<h2 id="c413b8db-6005-4bb6-af07-8302254e25e9">Melania Trump's post-White House life</h2>Donald Trump and Melania Trump skipped President Joe Biden's inauguration in 2021 and moved back to Mar-a-Lago. The Palm Beach club remained her primary residence, though she made occasional visits to Trump Tower in New York City.She attended <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-running-for-president-2024-campaign-announcement-2022-11">Donald Trump's presidential campaign launch</a> event in 2022, but did not join her husband at most campaign stops and rallies.<div type="image" title="Melania Trump enters Trump Tower wearing a black top and brown skirt, carrying a Chanel bag." height="1459" width="1945" msid="113883423" hostid="261" sizebytes="97100"></div>Donald Trump addressed <a target="_blank" class="" href="https://www.businessinsider.com/melania-refused-to-campaign-but-will-soon-according-to-trump-2023-9">Melania Trump's absence</a> on "Meet the Press" in 2023, telling moderator Kristen Welker, "She's a private person, a great person, a very confident person, and she loves our country very much.""And honestly, I like to keep her away from it," he said of the campaign trail. "It's so nasty and so mean."In 2023, she attended <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-attends-rosalynn-carter-funeral-former-first-ladies-2023-11">Rosalynn Carter's funeral</a> along with former first ladies Hillary Clinton, Laura Bush, and Michelle Obama.In a rare joint appearance, she accompanied Donald Trump to vote in Florida's 2024 primary election.<div type="image" title="Donald Trump and Melania Trump" height="1667" width="2500" msid="113883425" hostid="261" sizebytes="238076"></div>Melania Trump attended the final night of the <a target="_blank" class="" href="https://www.businessinsider.com/republican-national-convention-rnc-biggest-moments-speeches-photos-2024-7">2024 Republican National Convention</a> and joined Donald Trump onstage after his address, but did not give a speech herself.She did not appear in the courtroom during <a target="_blank" class="" href="https://www.businessinsider.com/jill-biden-and-melania-trump-have-different-trial-attendance-strategies-2024-6">Donald Trump's hush-money trial</a>.<a target="_blank" class="" href="https://www.businessinsider.com/melania-conspiracy-trump-assassination-attempt-book-promotion-video-2024-9">Melania Trump's memoir</a>, titled "Melania," is due to be released on October 8, 2024."As a private person who has often been the subject of public scrutiny and misrepresentation, I feel a responsibility to clarify the facts," she said in a post on X.<h2 id="53f3967d-b8b6-4432-905c-328d5ef25bb3">Donald Trump and Melania Trump's net worth</h2>Melania Trump's individual net worth is unclear, but Donald Trump was worth an estimated $3.9 billion as of October 2024, according to <a target="_blank" class="" href="https://www.forbes.com/profile/donald-trump/">Forbes</a>.

What to know about Melania Trump's life, career, and marriage to Donald Trump

<ul class="summary-list"><li>Citi has spent more than $7.4 billion to make peace with regulators and hasn't succeeded.</li><li>Donald Trump's election and promise of deregulation bode well for the bank.</li></ul>Donald Trump's presidential victory and his promise of light regulation could help relieve one of Citi's biggest problems. Trump's reelection on Wednesday already boosted the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/bank-stocks-donald-trump-victory-reelection-wall-street-outlook-regulation-2024-11">bank's stock</a> by 8.4%.Citi has been in hot water with regulators since 2020, paying a total of <a target="_blank" href="https://markets.businessinsider.com/news/stocks/citigroup-slammed-400-mln-fine-longstanding-deficiencies-regulation-occ-fed-2020-10-1029660295?_gl=1*160cwwk*_ga*MTM0NTA0MDc3NC4xNjA5MzYwMzUx*_ga_E21CV80ZCZ*MTczMDkyNjYzMy4xNzQ4LjEuMTczMDkyNzg5Ny4zNi4wLjA.">$400 million in fines</a> for poor data management and risk controls. The bank was slapped with<a target="_blank" href="https://www.businessinsider.com/citi-jane-fraser-regulatory-citigroup-transformation-2024-7"> $135.6 million in fines</a> in July for failing to make enough progress to satisfy the Federal Reserve and the Office of the Comptroller of the Currency. The delay is despite Citi spending more than $7.4 billion and allocating 13,000 employees to a firmwide <a target="_blank" href="https://www.businessinsider.com/citi-anand-selva-transformation-consent-orders-fines-2024-10">"Transformation" initiative</a> to rectify the issues.Wells Fargo analyst Mike Mayo called Trump's win a "regulatory game changer" in a research note. He told Business Insider that Citi is still in "regulatory purgatory" but that the bank would likely face less scrutiny for its data quality issues."With a fresh look with a new set of regulators, I do think it makes a difference that the recent regulatory actions did not involve clients," he said. "This is more about Citi doing what it's supposed to do with its regulators as opposed to fixing any new issues with customers."Mayo thought it was unlikely for the agencies to rescind their demands altogether but that the new restrictions in July might be unwound. For instance, the OCC has required Citi to submit plans each quarter to ensure they are allocating enough resources to the Transformation effort.While Trump has not announced a formal policy on how he would regulate Wall Street, he has signaled he would cut down on oversight. In a speech at the Economic Club of New York in September, he pledged if re-elected, he would eliminate 10 rules for each new rule introduced.A <a target="_blank" href="https://www.businessinsider.com/republicans-win-senate-election-majority-election-2024-11">Republican majority</a> in the Senate has also paved the way for new agency appointments. Michael Hsu, the current head of the OCC, has <a target="_blank" href="https://www.occ.gov/news-issuances/speeches/2023/pub-speech-2023-7.pdf">said</a> that large banks that fail to manage risk effectively should be broken up as a last resort. Trump has openly criticized Federal Reserve chair <a target="_blank" href="https://www.businessinsider.com/donald-trump-campaign-fed-independence-jerome-powell-interes-rates-politics-2024-4">Jerome Powell</a>, accusing him of trying to help the Democrats keep the presidency."Having the presidency and the Senate means you can put anybody you want into these positions and get through these secretaries of various bodies and so forth," said Stephen Biggar, managing director of Argus Research. "The Senate will be cooperative and that only helps the cause for banks and all things bank regulation."Since the July fines, Citi has faced mounting pressure. In October, Sen. Elizabeth Warren urged the OCC to "impose growth restrictions" on Citi, arguing that it has grown "too big to manage." (The regulator and Citi declined to comment.)A few weeks later, Fraser was dogged by questions in an earnings call about the bank's regulatory fate. She was asked three times for reassurances that Citi did not and would not have an <a target="_blank" href="https://www.businessinsider.com/citi-jane-fraser-regulators-occ-frb-consent-orders-asset-cap-2024-10">asset cap</a> before answering the question."Let me be crystal clear," Fraser said after JPMorgan analyst Vivek Juneja raised the issue. "We do not have an asset cap and there are no additional measures other than what was announced in July in place and not expecting any."Her odds just got better.Do you work for Citi? Have a tip or story to share? Reach out to Hayley Cuccinello at <a target="_blank" href="mailto:hcuccinello@businessinsider.com">hcuccinello@businessinsider.com</a> or 917 740 5340, which works for calls, text, and the encrypted messaging app Signal.

Citi needs a white knight. Donald Trump's second term might provide one.

<ul class="summary-list"><li>Donald Trump Jr. will not take on a White House role, opting instead for the VC firm 1789 Capital.</li><li>The firm, co-founded by Omeed Malik, funds conservative causes like Tucker Carlson's media venture.</li></ul>The venture capital firm that Donald Trump Jr. is reportedly joining eschews investments that push social and environmental issues and instead focuses on what it calls "EIG," or entrepreneurship, innovation, and growth.The Palm Beach, Florida-based firm, called 1789 Capital — the US constitution went into effect that year — has invested in Tucker Carlson's new conservative media venture, Substack, and BlinkRx, a prescription startup.The president-elect's eldest son — who had an <a target="_blank" class="" href="https://www.businessinsider.com/trump-family-then-and-now-photos-2024-11">active role in Donald Trump's presidential campaign</a> and is now on his transition team — told a group of supporters at a conference earlier this week that he would be joining 1789 as a partner, <a target="_blank" class="" href="https://www.nytimes.com/2024/11/11/us/donald-trump-jr-firm.html">The New York Times first reported</a>. Several people with knowledge of the matter also told <a target="_blank" class="" href="https://www.bloomberg.com/news/articles/2024-11-12/don-trump-jr-opts-out-of-white-house-to-join-1789-capital?cmpid=BBD111224_MKTDLY&amp;utm_medium=email&amp;utm_source=newsletter&amp;utm_term=241112&amp;utm_campaign=marketsdaily&amp;embedded-checkout=true">Bloomberg</a> of Trump Jr.'s plans.The firm was co-founded in 2022 by Omeed Malik — a former Bank of America executive who also founded boutique investment bank Farvahar Partners — alongside author and investor Christopher Buskirk.Malik, who once <a target="_blank" class="" href="https://www.businessinsider.com/trump-guilty-verdict-donors-backing-conviction-2024-5">co-hosted a Trump fundraiser that raised more than $10 million</a>, serves as the firm's president and Buskirk as its chief investment officer, according to its website. Both Buskirk and <a target="_blank" class="" href="https://www.businessinsider.com/wall-street-political-contributions-by-name-for-trump-vs-harris-2024-8#omeed-malik-10">Malik donated to Trump's</a> 2024 presidential campaign, the Republican National Committee, as well as to other conservative causes and candidates, according to political donation <a target="_blank" class="" href="https://www.opensecrets.org/donor-lookup/results?name=omeed+malik&amp;order=desc&amp;sort=D">records</a>.The firm <a target="_blank" class="" href="https://www.1789capital.io/">bills itself</a> as "anti-ESG" — an acronym for companies that say they commit to certain environmental, social justice, and corporate governance-focused principles. One of 1789's areas of interest is in companies or industries that have faced negative effects of ESG, its website says. It also focuses on what it calls deglobalization, building out an economy that is parallel to the traditional one, and disrupting industries it deems weighed down by excessive bureaucracy. Like 1789 Capital, Trump Jr. has long been a proponent of the parallel economy, also called the "patriot economy," a term used by MAGA conservatives to refer to businesses that align with their traditional values.And Trump Jr.'s connection to Malik, the president of 1789 Capital, includes the pair's mutual support of a parallel economy platform called PublicSquare.Both <a target="_blank" class="" href="https://time.com/6317479/bud-light-boycott-maga-economy-donald-trump-jr/">Malik</a> and <a target="_blank" class="" href="https://www.msnbc.com/opinion/msnbc-opinion/maga-amazon-alternative-publicsquare-rcna127418">Trump Jr.</a> have been investors in and <a target="_blank" class="" href="https://www.publicsquare.com/events/town-hall">vocal supporters</a> of PublicSquare, an online shopping marketplace similar to Amazon that <a target="_blank" class="" href="https://investors.publicsq.com/overview/default.aspx#:~:text=Corporate%20Overview,both%20consumers%20and%20business%20owners.">bills itself as a place to connect</a> Americans to "businesses that value life, family, and freedom." In order to use the platform, businesses have to commit to <a target="_blank" class="" href="https://support.publicsquare.com/en/articles/6746843-what-values-do-the-businesses-on-publicsquare-have-to-share">PublicSquare's core values</a>, which include the "sanctity of every life," "the family unit," "freedom and truth," and adherence to the US Constitution.Malik and Trump Jr. together rang the New York Stock Exchange's ceremonial opening bell on the day the company went public in 2023, <a target="_blank" class="" href="https://time.com/6317479/bud-light-boycott-maga-economy-donald-trump-jr/">Time Magazine reported</a> at the time. Malik didn't return a request for comment from BI.As for 1789 Capital's own investments, the firm has contributed $15 million to the Tucker Carlson Network, the conservative commentator and former <a target="_blank" class="" href="https://www.businessinsider.com/tucker-carlson-raise-millions-new-media-company-neil-patel-report-2023-7">Fox News host's new media venture</a>, according to VC database PitchBook.On its website, the firm doesn't tout its specific investments but does offer a broad list of industries it's interested in, including consumer, fintech, healthcare, B2B SaaS, tech-enabled services, software, infrastructure, energy, and special situations.Representatives for Trump Jr. through the Trump Organization and the Trump transition team didn't respond to a request for comment from BI. Buskirk also didn't respond to requests for comment from BI, nor did the company's chief operating officer, Jordan Cohen.

This is the anti-ESG venture capital firm that Donald Trump Jr. is joining instead of taking a White House role

<ul class="summary-list"><li>Elon Musk is joining Donald Trump for a rally in Pennsylvania.</li><li>It will take place at the same location where a gunman nearly assassinated Trump in July.</li></ul>Donald Trump has a new headliner: <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk">Elon Musk</a>.The billionaire owner of some of the world's most prominent companies confirmed on Saturday in a post on X that he would speak at the former president's high-profile rally in Butler, Pennsylvania — the same place <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-butler-pennsylvania-rally-secret-service-2024-7">Trump was nearly assassinated</a> in July.In a press release from the Trump campaign, Musk is listed as an attendee just after Trump's immediate family but before his running mate, JD Vance, in what is perhaps a nod to how important the campaign views Musk's presence at the event.The rally is set to take place at the same location, the Butler Farm Show Grounds, where a gunman managed to graze Trump in the ear in what was easily the most dramatic moment of a historic presidential campaign season.Immediately after the shooting, <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-endorses-trump-after-pennsylvania-rally-incident-2024-7">Musk officially endorsed Trump</a>. He has been a vocal supporter since, mostly through posts on X, applauding the former president and critiquing his Democratic opponent, <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-kamala-harris-exceeded-expectations-debate-versus-trump-2024-9">Vice President Kamala Harris</a>, on a nearly daily basis.<div type="image" title="Elon Musk and donald Trump sit at a table" height="2200" width="3300" msid="113971798" hostid="261" sizebytes="236978"></div>But <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-donald-trump-feud-relationship-timeline-2022-7">Musk and Trump haven't always been so chummy</a>. In 2015, Musk said it would be <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-political-beliefs-public-stances-timeline-republican-desantis-2022-6">"a bit embarrassing"</a> if Trump secured the Republican presidential nomination. And in 2016, he said <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-donald-trump-presidency-2016-11">Trump was "not the right guy"</a> for the presidency. As president-elect in late 2016, Trump announced <a target="_blank" class="" href="https://www.businessinsider.com/tesla-ceo-elon-musk-uber-travis-kalanick-join-donald-trump-strategic-policy-forum-economic-team-2016-12">Musk would join his economic advisory</a> board, but Musk would later cut ties with the administration over disagreements on climate change policies.The two found some common ground in 2020 while opposing COVID-19 regulations, but their feud intensified in July of 2022. At a Trump rally, Trump called Musk a "bullshit artist," after which Musk suggested <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-says-trump-hang-hat-sail-into-sunset-2022-7">Trump should not run</a> for president again. Trump retaliated, saying Musk would be "worthless" without government subsidies and that Trump previously could have <a target="_blank" class="" href="https://www.businessinsider.com/trump-elon-musk-beg-for-help-online-feud-esclates-2022-7">made Musk beg</a> on his knees for government support.Despite their on-again-off-again relationship, Musk has been fairly consistent in supporting Republican causes. <a target="_blank" class="" href="https://www.businessinsider.com/musk-donated-million-ron-desantis-changed-tack-bet-on-trump-2024-10">Musk donated millions to conservative campaigns</a> over the years, including at least $10 million to Florida Gov. Ron DeSantis, who competed against Trump for the GOP nomination. <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-support-ron-desantis-president-2024-2022-11">Musk endorsed DeSantis</a> and interviewed him live on X as he launched his campaign, though the launch was <a target="_blank" class="" href="https://www.businessinsider.com/trump-reaction-to-desantis-twitter-spaces-announcement-2024-gop-primary-2023-5">riddled with glitches and mocked by Trump</a> ruthlessly.The relationship between the two has now completely changed. Musk is now one of the president's most prominent supporters. Musk has funded a <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-trump-donation-super-pac-report-2024-7">pro-Trump super PAC</a>, which has donated millions to Republican races and launched <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-trump-america-pac-targets-young-men-vote-2024-9">ads touting Trump</a> as the only option to "save America."And in August, <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-wants-elon-musk-on-his-cabinet-2024-8">Trump said he would offer Musk</a> a cabinet position, calling him a "brilliant guy." Musk said he'd accept in a post on X, imagining himself in charge of "government efficiency."

Elon Musk says he will speak at Donald Trump's rally in Pennsylvania

<ul class="summary-list"><li>Theories abound about the "whale" betting millions on a Trump victory.</li><li>As of Wednesday, the person or entity had wagered $46 million on Trump winning the election. </li></ul>The "whale" placing huge bets on Donald Trump's victory in next month's election has politics and betting market commentators scratching their heads, though they have some theories about what might be going on. <a target="_blank" class="" href="https://www.businessinsider.com/trump-election-odds-polymarket-whale-kamala-harris-polls-betting-markets-2024-10">A person or entity</a> believed to be behind four accounts on the crypto-based betting platform Polymarket has staked about $46 million on the former President's victory, according to Polymarket data on Wednesday.It's unclear who owns the four <a target="_blank" class="" href="https://www.businessinsider.com/polymarket-whale-trump-vs-harris-betting-odds-polls-election-2024-10">accounts on Polymarket</a> — Fredi9999, Theo4, PrincessCaro, and Michie — though they have exhibited characteristics to suggest they're linked, a <a target="_blank" class="" href="https://www.wsj.com/finance/betting-election-pro-trump-ad74aa71?mod=hp_lead_pos1">Wall Street Journal report</a> said last week.The betting activity has raised questions about who the whale is and what their aims might be, beyond simply making money on a potentially lucrative bet. It's left political betting experts wondering what's going on, though a few were willing to float their theories about the wagers. Here's what some had to say about the whale that's been throwing its weight around in the betting market. <h3 id="e551da6c-8b7b-4027-b7c9-56c9c54a3921">1. The bets are an influence campaign</h3>According to Paul Krishnamurty, a betting markets expert and a political oddsmaker for BetOnline, the big bets could be an attempt to influence the election by generating publicity for the former president and making it appear that his odds of winning are much higher than polls suggest.Trump leads Harris on Polymarket, with an estimated 64% chance of winning the election, while the odds of a Harris win are around 36% on the site. That's much different than the polls, with Trump and Harris virtually tied based on the latest <a target="_blank" href="https://projects.fivethirtyeight.com/polls/president-general/2024/national/">polling average from 538</a>. Krishnamurty cautioned that it's impossible to know whether the bets are a genuine opinion about how the race will shake out. "But it is equally possible to believe the bets were placed with the intention to change the narrative in Trump's favor," he added.Google search interest for "Donald Trump" has climbed 24% over the past week, according to the search analytics tool Glimpse. Search volume over the last month peaked on October 20th, around the time the Polymarket whale became known to markets.<div type="image" title="Graph showing Google search interest for Donald Trump" height="864" width="1672" msid="114516630" hostid="261" sizebytes="27872"></div>Donald Trump also climbed to the number one trending <a target="_blank" href="https://lunarcrush.com/categories">topic</a> on social media as of Wednesday morning, according to the social intelligence firm LunarCrush. Similar types of bets have also been seen in prior elections, Krishnamurty noted. He pointed to several elections in the UK and the US, when some bettors were wagering large amounts of cash on a clear "underdog" candidate."I would just say this sort of thing has happened before," he added. "Trump is uniquely popular amongst gamblers ever since the 2016 election, really when he was a big underdog. And I think you would find that he has been overbet in every single election."If it is an attempt to influence the election, Krishnamurty doubts it will be successful."I find it hard to believe that anyone is changing the way they vote based on who's leading in the betting markets," he added.Polymarket founder Shayne Coplan defended the integrity of the market in <a target="_blank" class="" href="https://www.newyorker.com/culture/infinite-scroll/the-crypto-betting-platform-predicting-a-trump-win?_sp=d10115ab-7e5e-4fb0-8c08-6d594520f7f1.1729703267639">an interview in The New Yorker</a> this week. "There is nothing stopping people from going and buying something that they think is underpriced, but they're not doing it right now because no one has enough conviction that it should be worth more," Coplan told the magazine, in reference to bets on Harris winning. <h3 id="2d1e582b-04e5-4475-bf08-bbc3b2d9b92e">2. It's a genuine bet on the outcome of the election</h3>The Polymarket whale may simply be extra-bullish on Trump winning on November 5, said Joe Vezzani, the CEO of LunarCrush, which monitors social media, cryptocurrency exchanges, and influencers to track crypto sentiment. Vezzani and other commentators have argued that <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/trump-harris-prediction-markets-polls-presidential-election-polymarket-024-8">betting markets may be more accurate</a> than polls, given that people are wagering real money and often respond quicker to developments in the race.He said the surge of bets in Trump's favor may also be a function of the election drawing closer."I think the way that people make decisions when there's money on the line is different than the way maybe they would make a decision if there wasn't," Vezzani said, though he believed the election would still be a close call. "I think it's TBD for this election still."<h3 id="21c43b98-68b9-40f3-adf2-6ae03d51ccfe">3. The whale is trying to shift betting odds to make more money</h3>The user believed to be behind the Polymarket accounts could be also trying to deliberately move the betting odds with the goal of making more money, Krishnamurty speculated.The swell of betting on the former president has increased the value of those positions. Krishnamurty noted that Polymarket allows users to close out their positions ahead of the presidential election. "Let's take the hypothetical assumption that it is a genuine plan to manipulate the market, right?" Krishnamurty said. "You cash out if you want. So there's really no risk."If the bet was split across four accounts, that could be a sign that the whale is trying to make money off of short-term moves in the market, Vezzani said. Multiple accounts give the trader an option to quickly sell out of some positions to capture small market moves, he noted. "One thing is that Polymarket, it's not a bet for an outcome. You don't have to wait until election night, so you can add or move the money whenever you want based on the price increase," he said.Again, there's no way to prove the theory without the account holders coming forward and explaining their motivation, Krishnamurty and Vezzani reiterated.Bets for Trump on <a target="_blank" class="" href="https://polymarket.com/event/presidential-election-winner-2024/will-donald-trump-win-the-2024-us-presidential-election?tid=1729685694117">Polymarket</a>, though, have surged over the last week. As of Wednesday morning, open positions for Donald Trump's victory swelled to $756 million, compared to $482 million worth of open positions for Kamala Harris' victory.Polymarket did not respond to a request for comment from Business Insider.

3 theories about the $46 million 'whale' moving betting odds in favor of Donald Trump

<ul class="summary-list"><li>Peter Thiel attributed recent Trump support in Silicon Valley, in part, to Elon Musk's efforts.</li><li>Thiel told journalist Bari Weiss that Musk provided "cover" for other tech leaders to support Trump.</li></ul>Billionaire <a target="_blank" class="" href="https://www.businessinsider.com/peter-thiel">Peter Thiel</a> credited Elon Musk, in part, with helping other tech leaders feel comfortable publicly supporting President-elect Donald Trump.The former PayPal CEO sat for a post-election debrief with journalist Bari Weiss on an <a target="_blank" class="" href="https://www.youtube.com/watch?v=wwJV_NuN43Y">episode</a> of her "Honestly" podcast published Thursday.Thiel, who financially backed Trump in 2016 but said he was stepping away from political donations this year, said Musk's embrace of Trump was key in facilitating <a target="_blank" class="" href="https://www.businessinsider.com/silicon-valley-swing-toward-trump-voting-data-2024-11">Silicon Valley's shift to the right</a> in the 2024 election."There was some degree to which it was safer for people to speak out when other <a target="_blank" class="" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">people were speaking out</a>," Thiel said on the podcast.Leading up to the election, several Silicon Valley billionaires and business leaders who had previously shunned Trump or remained publicly apolitical came forward in support of the former president, including Marc Andreessen, <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-jd-vance-elon-musk-tucker-carlson-david-sacks-2024-7">David Sacks</a>, and <a target="_blank" class="" href="https://www.businessinsider.com/sequoia-partner-supports-donald-trump-highlighting-shift-silicon-valley-politics-2024-5">Shaun Maguire</a>, among others.The apparent industry move toward Trump in the months before the election spurred <a target="_blank" class="" href="https://www.businessinsider.com/silicon-valley-leaders-support-harris-musk-andreessen-support-trump-2024-7">more than 100 venture capitalists</a>, including Reid Hoffman, Ron Conway, and Mark Cuban, to pledge their support for Vice President Kamala Harris.And while Silicon Valley, which has long been a progressive stronghold, remained solidly Democrat in November's election, <a target="_blank" class="" href="https://www.businessinsider.com/silicon-valley-swing-toward-trump-voting-data-2024-11">Trump saw a notable bump in support</a> in the three counties that make up America's tech center, BI previously reported.Weiss asked Thiel if the Tesla CEO was "the critical ingredient" that allowed other business leaders to feel safe endorsing the divisive president."I think Elon was incredibly important to it," Thiel said, later adding that Musk "obviously gave people a great deal of cover."Musk did not immediately respond to Business Insider's request for comment.Musk poured <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-trump-gop-spending-130-million-2024-10">millions of dollars</a> into helping Trump get elected. This week, Trump announced Musk would have a role in his administration as the co-leader of the Department of Government Efficiency, or DOGE, alongside entrepreneur and fellow billionaire Vivek Ramaswamy.But Thiel said <a target="_blank" class="" href="https://www.businessinsider.com/marc-andreessens-endorsement-donald-trump-tech-industry-silicon-valley-2024-7">Silicon Valley's cultural shift</a> had been building for years because of people doubling down on "political correctness and wokeness" inside the companies."There's some point where it just got exhausted and a lot of the top tech founders and CEOs felt comfortable telling me this behind closed doors," Thiel said.Thiel characterized the feeling inside Silicon Valley as one of <a target="_blank" class="" href="https://www.businessinsider.com/republicans-blame-woke-politics-for-silicon-valley-banks-collapse-2023-3">growing frustration</a> toward "corporate governance" and "how ridiculous it's gotten to manage these ideologically deranged millennial employees."In 2022, Musk, who Thiel said was once "left of center," described his newfound foray into conservative politics as an effort to <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-says-wading-into-politics-stop-woke-mind-virus-2022-5">stop the "woke mind virus.</a>" The business leader moved Tesla headquarters from blue state California to red Texas in 2021 and said earlier this year that he would relocate both SpaceX and X to the conservative state."At some point, Elon shifted," Thiel said. "Part of it is this sort of intellectual straitjacket where you're not allowed to have ideas, even if you agree with them 80 percent. It's never enough. you have to be 100 percent."Thiel suggested <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-presidential-election-stakes-2024-11">Musk's fierce support for Trump</a> before the election was "incredibly dangerous" and "incredibly courageous.""Maybe all the rest of us can be a little bit more courageous than we otherwise were going to be," Thiel said.

Peter Thiel says Elon Musk's embrace of Donald Trump helped other Silicon Valley leaders feel safe supporting him

<ul class="summary-list"><li>Mark Cuban on CNBC said the presidential campaign is now a fight between Kamala Harris and Elon Musk.</li><li>Cuban said the outcome of the election hinges on voter turnout, which Musk has made a priority.</li></ul>Billionaire businessman Mark Cuban on Monday said the presidential campaign has become a battle between <a target="_blank" href="https://www.businessinsider.com/kamala-harris">Vice President Kamala Harris</a> and <a target="_blank" href="https://www.businessinsider.com/tesla-ceo-elon-musk">Tesla CEO Elon Musk</a> rather than Donald Trump.Speaking on CNBC's "Squawk Box," Cuban said Harris is fighting against Musk, a <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-trump-america-super-pac-2024-10">campaign surrogate for Trump</a>, as much as she is against her political rival, saying that the outcome of this year's election will hinge on voter turnout — an issue Musk has made a priority in recent weeks."Really it comes down to 'get out the vote,'" Cuban, who has <a target="_blank" class="" href="https://www.businessinsider.com/mark-cuban-business-leaders-for-kamala-harris-2024-10">campaigned on behalf of Harris</a>, said of the election. "And the crazy thing is, it's the Harris campaign versus Elon — not even versus Trump."Musk, who first <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-endorses-trump-after-pennsylvania-rally-incident-2024-7">endorsed Trump</a> in July before launching his <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-trump-superpac-donations-politics-2024-10">super PAC</a> in support of the former president, has prioritized increasing voter turnout ahead of the election.This month, Musk's America PAC offered $100 to <a target="_blank" class="" href="https://x.com/elonmusk/status/1847115389676740899">registered Pennsylvania voters</a> who signed a petition supporting free speech and the right to bear arms and $47 to <a target="_blank" rel=" nofollow" class="" href="https://x.com/elonmusk/status/1843133043961381178">swing state voter referrals</a> who also signed up. On Saturday, he also pledged to give away <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-rewards-petition-supporters-1m-check-trump-pac-2024-10">$1 million checks</a> to randomly selected petition signers each day until the election on November 5.Brian Hughes, a Trump campaign senior advisor, told Business Insider: "When you have dozens of industry leaders like Elon Musk and David Sacks among the long list of supporters, it is a recognition that President Trump is the clear choice."Cuban, Musk, and representatives for the Harris campaign did not immediately respond to requests for comment from Business Insider. In his appearance on CNBC, Cuban described Musk's payments for registering voters as "innovative" and "desperate." The two billionaire businessmen have repeatedly traded public jabs over their support of <a target="_blank" class="" href="https://www.businessinsider.com/mark-cuban-elon-musk-feud-donald-trump-loyalty-2024-9">opposing candidates</a> in this year's election."You only do that because you think you have to, but you know, using the sweepstakes is not a bad idea," Cuban said. "Whether or not it'll work is a whole 'nother thing. It just as easily could backfire, but you don't know until you try."Election law and political science experts who spoke to Business Insider said the $1 million giveaway <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-1-million-giveaway-legal-questions-2024-10">may not be legal,</a> as election laws make it illegal to pay people to register to vote.Other election law experts have argued that Musk's payments to registered voters fall may into a legal gray area because the eligibility requirement hinges on signing the petition, not specifically registering to vote.Matthew Alvarez, a partner at Rutan and Tucker law firm specializing in election law matters, told BI that while the payments may not be entirely legal, Musk will unlikely face criminal penalties for his actions.Musk hasn't publicly responded to suggestions the payments may not work or could be illegal, instead <a target="_blank" class="" href="https://x.com/elonmusk/status/1848468759700508992">posting</a> on his social media platform X that "The foaming-at-the-mouth reaction from radical leftists is worth it."

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