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WSJ What’s News

Musk’s Support for Republican Causes Started Years Ago

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 3 October 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

A.M. Edition for Oct. 3. Elon Musk quietly gave tens of millions of dollars to groups with ties to Trump aide Stephen Miller and supporters of Florida Gov. Ron DeSantis’s presidential bid. Plus, an Israeli strike on Beirut kills six people, and special counsel Jack Smith says Donald Trump “resorted to crimes ” to remain in power after the 2020 election. And, the WSJ’s Ruth Simon reports that the Fed’s rate cut has jolted some entrepreneurs to spend again. Azhar Sukri hosts. Sign up for the WSJ’s free What’s News newsletter.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:25.7

This is a high-risk investment and you should not expect to be protected if something goes wrong. Elon Musk's financial support of Republican causes goes farther back in time and is more extensive

0:42.4

than we knew.

0:44.0

Plus Israel launches a strike in the capital of Lebanon

0:47.2

killing six people, and small businesses in the US

0:51.2

are adjusting to a looser monetary policy environment.

0:54.4

For these companies because they also have more limited cash reserves

0:59.2

a rate cut can make a big difference.

1:02.0

It's Thursday, October the 3rd. I'm Azharsu Kyu Kyri for the Wall Street Journal

1:07.1

filling in for Luke Vargas. Here is the AM edition of What's News, the top headlines and business stories moving your world today?

1:16.0

We are exclusively reporting that Elon Musk has been supporting Republican causes

1:28.8

for far longer and more extensively than had been previously known.

1:34.4

According to people familiar with his involvement and from tax filings, in the fall of

1:39.4

2022 more than 50 million dollars of his money funded ads by a group called Citizens of Sanity.

1:47.0

The group has ties with Stephen Miller, who was a senior aide to the Trump administration.

1:52.0

Most of the ads ran in battlegrounds. was a senior aide to the Trump administration.

1:52.8

Most of the ads ran in battleground states

1:55.6

days before the midterm elections

...

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