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Elon Musk recently announced a major shift, scaling back his role with the Department of Government Efficiency (DOGE) to one or two days a week starting May 2025, refocusing on Tesla after a 71% profit drop and 13% sales decline in Q1 2025. This move, driven by backlash over Musk’s political ties and DOGE’s government cuts, has investors optimistic, with Tesla stock surging over 15% in after-hours trading. Musk aims to tackle Tesla’s challenges, including global tariffs and competition, to restore its market position and brand reputation.
Meanwhile, the Trump administration is addressing the U.S.’s declining birth rate, which hit a record low of 3.59 million births in 2023, with a fertility rate of 54.4 births per 1,000 women aged 15–44. Proposed incentives include a $5,000 baby bonus, reserving 30% of Fulbright scholarships for parents, and fertility education programs. Trump, alongside Vice President JD Vance and Musk, supports policies like affordable housing and expanded IVF access to boost birth rates, with a report on IVF due in May 2025.
On the economic front, President Trump is optimistic about a U.S.-China trade deal, predicting resolution within weeks to strengthen the American economy. Treasury Secretary Scott Bessent echoed this, noting unsustainable tariffs, fueling a stock market rally. However, China’s WTO lawsuit signals ongoing tensions. The U.S. is also negotiating trade deals with 70+ countries, pausing reciprocal tariffs for most, except China.
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In global affairs, JD Vance, speaking in Jaipur, India, emphasized a U.S.-India partnership for a prosperous 21st century, advocating for energy exports, nuclear power, and co-production of military gear like Javelin missiles. Vance also noted Trump’s tariffs could benefit India’s industrial growth.
Finally, Energy Secretary Chris Wright criticized clean energy tax credits under the Inflation Reduction Act, calling them a $1.2 trillion mistake that benefits China, which dominates the green tech supply chain. Wright argues these policies increase global CO2 emissions, as the U.S., responsible for 14% of emissions, pales compared to China’s 35%. He advocates for market-driven fossil fuel innovation instead.
