The Trump-Musk Alliance Unravels in Real Time

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 5 June 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for June 5. President Trump and Elon Musk traded barbs today as Trump threatened to eliminate government subsidies and contracts for Musk’s businesses, while the billionaire called the president ungrateful. Plus, the U.S. trade deficit collapsed in April, with a record drop in imports. WSJ reporter Matt Grossman discusses where tariffs fit in, and whether we can expect future data to remain at similar levels. And we exclusively report that Humana, the second-biggest Medicare insurer, has told congressional staffers that it will support moves that would curtail billing practices worth billions in extra payments to the industry. We hear from Journal reporter Christopher Weaver about why the company is making such a move, and how it could affect the broader Medicare business. Alex Ossola 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	The five pound meal deal from McDonald's.
0:02.0	Get a cheeseburger or mayo chicken, medium fries, four McNuggets and a medium soft drink for guess what?
0:08.0	That's right, five pounds.
0:10.0	It's not called the five pound meal deal for nothing.
0:14.0	From 11 AM, not available on delivery.
0:16.0	Carbonated soft drink upgrade fees apply.
0:18.0	Participating restaurants, subjects availability.
0:20.0	The relationship between Presidents Carbonated soft drink upgrade fees apply. Participating restaurants, subjects availability.
0:32.3	The relationship between President Trump and Elon Musk ruptures in real time. Plus, the U.S. trade deficit marked a record-breaking decline in April.
0:36.9	And Humana backs changes to lucrative Medicare billing practices.
0:41.1	That represents kind of a crack in the unity of the industry and opposing changes to this at a time when a bipartisan consensus
0:44.6	about potentially doing something about it has emerged in Congress.
0:48.4	It's Thursday, June 5th.
0:50.1	I'm Alex O'Sullough for the Wall Street Journal.
0:52.5	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:02.4	Long simmering tensions between President Trump and Elon Musk burst into the open today as the two men traded barbs and insults.
1:14.6	Speaking in the Oval Office alongside German Chancellor Friedrich Meertz, Trump addressed Musk's latest attacks on his signature tax bill for the first time, saying he was disappointed in his former White House advisor and suggested he was suffering from, quote,
1:28.4	Trump derangement syndrome. The president attributed Musk's frustrations to provisions in the
1:33.3	legislation that repeal tax credits for electric vehicles. I'm very disappointed because Elon knew
1:39.4	the inner workings of this bill, better than almost anybody sitting here, better than you people.
1:44.9	He knew everything about it.
1:46.0	He had no problem with it.
	...

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