Tesla and SpaceX CEO Elon Musk was named co-head of the brand new Division of Authorities Effectivity by President-elect Donald Trump and will likely be tasked with discovering waste within the federal funds. Musk’s firms aren’t solely big beneficiaries of federal contracts but additionally the goal of many regulatory company investigations. The world’s richest man may now be in command of recommending funds cuts for the businesses that not solely cope with his companies but additionally regulate them, giving him energy to make suggestions on each contract alternatives and regulation. Brian Tyler Cohen breaks it down.
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