SEC Escalates Feud With Elon Musk

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 15 January 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A.M. Edition for Jan. 15. The Securities and Exchange Commission sues the billionaire, alleging he misled shareholders about his Twitter stock purchases in the lead up to his takeover of the platform. Plus, after a long standoff, South Korean investigators arrest impeached President Yoon Suk Yeol over a short-lived declaration of martial law. And the WSJ’s Carrie Keller-Lynn explains how Israel’s tech sector has raked in more investment despite uncertainty from the war in the Middle East. Kate Bullivant 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	This episode is brought to you by Curry's Business.
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0:21.2	Visit your local hub or call their UK-based specialist business centre.
0:26.0	Curry's business, powering your business in 2025.
0:33.2	The SEC sues Elon Musk over his Twitter stock purchases, alleging he misled investors.
0:41.2	Plus South Korea's impeached president is arrested after a lengthy standoff.
0:46.9	And Israel's tech sector sees a surge in investment despite ongoing conflict in the Middle East.
0:53.4	The number of Israeli defense companies actually doubled,
0:57.0	as some existing companies pivoted towards defense
1:00.6	in search of an explosion of contracts and demand
1:03.9	caused by both the war in Israel and also the war in Ukraine.
1:08.2	It's Wednesday, January 15th.
1:10.3	I'm Kate Boulogivant for the Wall Street Journal
1:12.6	filling in for Luke Vargas. And here is the AM edition of What's News, the top headlines and
1:18.8	business stories moving your world today.
1:25.3	The Securities and Exchange Commission is suing Elon Musk over allegations that he misled shareholders about his Twitter stock purchases in 2022.
1:36.8	That was the year Musk bought a large block of shares in the platform before taking it over and renaming it X.
1:43.4	The SEC claims that Musk disclosed his
	...

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