Musk, Elon

Subterms

    More stories

    • 150 Shares99 Views

      in Elections

      How the Right Became the Left and the Left Became the Right

      by

      One of the master keys to understanding our era is seeing all the ways in which conservatives and progressives have traded attitudes and impulses. The populist right’s attitude toward American institutions has the flavor of the 1970s — skeptical, pessimistic, paranoid — while the mainstream, MSNBC-watching left has a strange new respect for the F.B.I. and C.I.A. The online right likes transgression for its own sake, while cultural progressivism dabbles in censorship and worries that the First Amendment goes too far. Trumpian conservatism flirts with postmodernism and channels Michel Foucault; its progressive rivals are institutionalist, moralistic, confident in official narratives and establishment credentials.These reversals are especially evident in a pair of prominent headlines from the last week. If you had been told at any point from, say, 1970 to 2005 that a disturbed-seeming man living in the Bay Area with a history of involvement with nudist activists and the hemp jewelry trade had allegedly followed his paranoid political delusions into a plan to assault an important national politician, the reasonable assumption would have been that his delusions belonged to the farthest reaches of the left and therefore his target was probably some notable Republican.By the same token, if you had been told in George W. Bush’s presidency that a trove of government documents would reveal the Department of Homeland Security essentially trying to collude with major corporations to regulate speech it considers dangerous or subversive, an effort extending from foreign threats to domestic ones, you would have assumed that this was all Republican overreach, a new McCarthyism — and that progressives would be up in arms against it.In our world, though, things are otherwise. The man who allegedly attacked Paul Pelosi while hunting the speaker of the House did, seemingly, belong to left-wing, Left Coast culture in the not-so-distant past. But at some point in his unhappy trajectory, he passed over to the paranoias of the extreme right — probably not in some semi-rational radicalization process in which he watched too many attack ads against Nancy Pelosi but more likely in a dreamlike way, the nightmares of QAnon matching his mental state better‌ than the paranoias of the left.His journey’s violent endpoint was singular and extreme, but this kind of left-to-right migration has more normal correlatives: the New Age-QAnon overlap, the Covid-era migration of formerly left-wing skeptics of Big Pharma onto right-wing shows and platforms, the way that all doubts about the medical establishment are now coded as right-wing, Trumpy, populist.And the political right’s response to the Pelosi attack reflects these shifts as well. The ethos of Fox Mulder in “The X-Files,” “Trust no one,” is a now dominant value on the right, which in this case encouraged a swift leap from reasonable questions about the details of the assault, based on inaccurate initial reports, to a very specific narrative about a gay assignation that the cops and the Pelosis were presumably covering up.As of this writing, several public references to this theory from prominent conservatives have been deleted. But the cover-up narrative will probably survive indefinitely as a reference point, an underground “truth,” like the left-wing conspiracies of old.One of those deleted tweets belonged to Elon Musk, the new impresario of Twitter, and it inevitably became an exhibit in the case for liberal panic over his takeover: What could be more indicative of the platform’s imminent descent into a democracy-destroying hellscape than conspiracy theories spread by the Chief Twit himself?But the alternative to Musk’s reign was clarified by the second recent illustration of our left-right reversal: a story from The Intercept, by Lee Fang and Ken Klippenstein, detailing the Department of Homeland Security’s migration into the social-media surveillance and the pressure the department has tried to exert on internet companies to flag and censor content along lines favored by the national security bureaucracy.On the surface, this is not a partisan story: The Intercept is a left-wing publication, and the current version of the D.H.S. anti-disinformation effort got started in the Trump administration.But everyone understands those efforts’ current ideological valence. The war on disinformation is a crucial Democratic cause, the key lawsuit filed against the Biden administration on these issues comes from Republican attorneys general (joined by doctors critical of the public-health establishment), and the most famous flashpoint remains the social-media censorship of the Hunter Biden laptop story, which Fang and Klippenstein suggest followed from what one could reasonably call a deep-state pressure campaign.Meanwhile, according to a draft report from the D.H.S. obtained by The Intercept, the list of online subject areas that the department is particularly concerned about includes “the origins of the Covid-19 pandemic and the efficacy of Covid-19 vaccines, racial justice, U.S. withdrawal from Afghanistan and the nature of U.S. support to Ukraine” — mostly areas where, whether in wisdom or in folly, the populist right is more likely to dissent from the establishment position.And for the future of Twitter, in particular, it’s notable that the Intercept story first points out that a committee advising DHS on disinformation policy included Twitter’s then-head of legal policy, trust and safety, Vijaya Gadde, and then notes that Gadde was one of the first people fired by Musk. It’s a tacit nod to the left-right switch: Under Musk the social-media giant is widely seen as moving “rightward,” but that could mean becoming less entangled with an arm of what was once George W. Bush’s national security state.The point of emphasizing this reversal isn’t to suggest that either side is likely to flip back. The evolving attitudes of right and left reflect their evolving positions in American society, with cultural liberalism much more dominant in elite institutions than it was a generation ago and conservatism increasingly disreputable, representing downscale constituencies and outsider ideas.But a stronger awareness of the flip might be helpful in tempering the temptations that afflict both sides. For progressives, that could mean acknowledging that the Department of Homeland Security’s disinformation wars, its attempted hand-in-glove with the great powers of Silicon Valley, would have been regarded as a dystopian scenario on their side not so long ago. So is it really any less dystopian if the targets are Trumpistas and Anthony Fauci critics instead of Iraq War protesters? And if it is a little creepy and censorious and un-American, doesn’t that make some of the paranoia evident on the right these days a little less unfathomable and fascist seeming, even a little more relatable?Then the Fox Mulder right might benefit from recalling the thing that conservatives — or this conservative, at least — used to find most insufferable about the anti-establishment left, which was not its skepticism but its credulity, not the eagerness to question official narratives but the speed with which implausible alternatives took root. (If parts of Oliver Stone’s “J.F.K.” make you understand where conspiracy theories come from, the part where the conspiracy gets “explained” should make you a Nixon Republican.)This is the key problem with the right today, whether the issue is the 2020 election or the Covid-vaccine debate or the attack on Paul Pelosi. Not the baseline of skepticism, not being attuned to weaknesses and inconsistencies in official narratives, not being open to scenarios of elite self-dealing and conspiracy and cover-up, all of which emphatically exist. It’s the swift replacement of skepticism with certainty, the shopping around for any narrative — even if it comes from Sidney Powell and Mike Lindell — to vindicate your initial theory, the refusal to accept that even institutions you reasonably mistrust sometimes get things right.Or to put this in terms of Musk and his hopes for Twitter: The ideal virtual town square would be a place where conservatives could discuss speculative, even conspiratorial theories of the day’s events — but also a place where they could be persuaded to abandon bad theories when the evidence dissolves them.Social-media and tribal incentives being what they are, that seems exceedingly unlikely. But if I had just paid billions to own a social media platform — and become both its main character and arguably the most important right-leaning figure in American life, pending the Donald Trump-Ron De‌ ‌Santis slugfest — I would be thinking about what it would take for a spirit of contrarianism and rebellion to aim, not simply at transgression, but at truth itself.In addition to my two weekly columns, I’m starting a newsletter, which will go out most Fridays and cover some of my usual obsessions — political ideas, religion, pop culture, decadence — in even more detail. You can subscribe here.The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.Follow the New York Times Opinion section on Facebook, Twitter (@NYTOpinion) and Instagram. More

    • 113 Shares179 Views

      in Elections

      Republicans Continue to Spread Baseless Claims About Pelosi Attack

      by

      Some of the conspiracy theories have already seeped into the Republican mainstream.Donald Trump Jr., the former president’s son, continues to post jokes about it.Dinesh D’Souza, the creator of a discredited film about the 2020 election called “2000 Mules,” accused the San Francisco Police Department on Monday of covering up the facts.Representative Marjorie Taylor Greene, Republican of Georgia, wrote that the “same mainstream media democrat activists” who questioned former President Donald J. Trump’s ties to Russia were now silencing the new owner of Twitter, Elon Musk.The reason: Mr. Musk deleted a post linking to a newspaper that once claimed Hillary Rodham Clinton was dead when she ran for president in 2016.In the days since Paul Pelosi, the 82-year-old husband of House Speaker Nancy Pelosi, was attacked by an intruder asking, “Where is Nancy?”, a litany of Republicans and conservatives have spread baseless conspiracy theories about the assault and its motives.Although the police have not yet detailed all the circumstances of the crime, these theories have already seeped into the Republican mainstream. While many Republican officials have denounced the violence, others have at the very least tolerated, and in some cases cheered, a violent assault on the spouse of a political rival.The disinformation “isn’t just political,” said Angelo Carusone, the president and chief executive of Media Matters for America, a progressive nonprofit. “It’s much bigger than that; it’s deeper. They’re really rethinking and reshaping a lot of our norms.”The attack on Mr. Pelosi in the couple’s home in San Francisco early on Friday morning has raised fears about the rise of political violence against elected officials — increasingly, it seems, inspired by a toxic brew of extremism, hate and paranoia that is easily found online.The assailant, identified by the police as David DePape, 42, posted a series of notes in the days before the attack suggesting that he had fallen under the sway of right-wing conspiracy theories and antisemitism online. Some of the flurry of posts by others questioning the circumstances of the attack appeared intended to deflect attention from Mr. DePape’s views.No top Republican lawmakers joined in peddling unfounded claims about the attack, but few denounced them, either. Mrs. Clinton, the former first lady and senator who lost to Mr. Trump in 2016, pointedly blamed the party for spreading “hate and deranged conspiracy theories.”“It is shocking, but not surprising, that violence is the result,” she wrote on Twitter on Saturday. “As citizens, we must hold them accountable for their words and the actions that follow.”It was her post that prompted Mr. Musk, Twitter’s owner since last Thursday night, to insinuate that an alternate version of the assault was possible. “There is a tiny possibility there might be more to this story than meets the eye,” he replied directly to Mrs. Clinton.Mr. Musk linked to an opinion piece from the Santa Monica Observer, a website known to publish falsehoods, which offered an alternative account of what led to the attack on Mr. Pelosi. Relying on an anonymous source and providing no evidence, the article claimed that the attacker was a male prostitute.The story also indicated that the attacker was found by the police wearing only his underwear, a detail that was originally published by a Fox affiliate before getting widely circulated in right-wing communities online. The affiliate later removed the detail and appended a correction, saying the article “misstated what clothing the suspect was wearing.”A spokeswoman for Fox Television Stations said the story was corrected within about two hours.That change prompted a new round of baseless theories, with some right-wing Americans claiming a cover-up.“New day, new narrative,” Tricia Flanagan, a former Republican primary candidate for New Jersey’s 4th Congressional District, tweeted to her 70,000 followers.On Monday, federal prosecutors charged Mr. DePape with attempted kidnapping and assault of a relative of a public official. He was looking for Ms. Pelosi, who was in Washington at the time, and carrying “a roll of tape, white rope, a second hammer, a pair of rubber and cloth gloves and zip ties,” according to the office of the United States Attorney for the Northern District of California, which filed the charges.Mr. DePape’s equipment — and his demand to know “Where’s Nancy?” — suggested a premeditated assault, which would undercut the counterfactual versions being spread online.Even so, the conspiracy theories found receptive audiences, receiving tens of thousands of engagements on numerous platforms like Facebook and Twitter, and other platforms that have built smaller, though politically active, audiences.Charlie Kirk, the conservative radio and YouTube host, expressed hope on Monday that some “amazing patriot” would post bail for Mr. DePape and become a “midterm hero.” “Bail him out and then go ask him some questions,” he said, adding that liberals were trying to politicize the attack.Mr. Carusone noted that Fox’s coverage shifted over the weekend, much as it did after the 2020 election, when the network initially reported the outcome accurately only to later give credence to the false claims by Mr. Trump and others that the vote was somehow fraudulent.Fox News did not respond to a request for comment.The coverage of the attack on Mr. Pelosi began with fairly straightforward coverage of the crime, before portraying it as a consequence of Democratic “soft-on-crime” policies and, finally, as a mystery with darker undercurrents that could not yet be known.“Look for what’s missing and what doesn’t add up,” David Webb, a Fox News contributor, said during “The Big Sunday Show.”Mr. Carusone said the shift reflected a deference by the network, like the Republican Party, to the most extreme voices in the right-wing information ecosystem that both cater to.“This was everywhere in the right-wing fever swamps immediately,” he said.At the core of the flurry of disinformation, he argued, was a refusal to show any sympathy for an older victim simply because of his ties to a figure regularly vilified on the opposite end of the political spectrum.Conservatives have for years turned opponents like Ms. Pelosi and others into cartoonish supervillains. Mr. Trump himself regularly called her “Crazy Nancy.”“They’re very unlikely to give them any solace or support even in the most clear-cut circumstances,” Mr. Carusone said, “because in some way it cuts against the broader narrative that they’re supervillains and therefore deserve it.” More

    • 150 Shares159 Views

      in Elections

      Your Thursday Briefing: U.S. Believes Ukrainians Were Behind a Killing in Russia

      by

      Plus arming Taiwan to deter China and OPEC cuts oil production.Daria Dugina’s memorial service was held in Moscow in August.Kirill Kudryavtsev/Agence France-Presse — Getty ImagesU.S. believes Ukrainians authorized an assassination in Russia U.S. intelligence agencies believe that parts of the Ukrainian government signed off on the car bomb attack near Moscow in August that killed Daria Dugina, the daughter of a prominent Russian nationalist.An assessment about Ukrainian complicity was shared within the U.S. government last week and has not been previously reported. Specifics about the operation remained scant: American officials did not disclose which elements of the Ukrainian government were believed to have authorized the mission, who carried out the attack or whether President Volodymyr Zelensky had cleared it.Ukraine has denied involvement in the assassination. Senior Ukrainian officials repeated those denials when asked about the American intelligence assessment. American officials, who spoke on the condition of anonymity, said that the U.S. did not provide intelligence or otherwise assist in the attack. They added that the American government would have opposed the assassination if it had been consulted, and that Ukraine was admonished for it.Background: Some American officials suspect that Dugina’s father, Aleksandr Dugin, a Russian ultranationalist, was the actual target of the operation, and that the operatives who carried it out believed he would be in the vehicle with his daughter.Context: Ukraine’s security services have demonstrated their ability to attack collaborators on Russian-controlled territory in Ukraine. But killing Dugina would be one of the boldest operations to date and could provoke Moscow to carry out retaliatory strikes against Ukrainian officials, for little direct military gain.The U.S. has approved several weapons packages for Taiwan, which conducted military exercises in July.Lam Yik Fei for The New York TimesThe U.S. aims to arm TaiwanCurrent and former American officials said that the U.S. was intensifying efforts to build a giant stockpile of weapons in Taiwan, turning it into a “porcupine” bristling with armaments to discourage aggression from mainland China.Chinese naval and air force exercises in August showed that China would probably blockade Taiwan before attempting an invasion, and the democratically governed island would have to hold its own until the U.S. or other nations intervened, if they decided to. The State of the 2022 Midterm ElectionsWith the primaries over, both parties are shifting their focus to the general election on Nov. 8.Standing by Herschel Walker: After a report that the G.O.P. Senate candidate in Georgia paid for a girlfriend’s abortion in 2009, Republicans rallied behind him, fearing that a break with the former football star could hurt the party’s chances to take the Senate.Democrats’ Closing Argument: Buoyed by polls that show the end of Roe v. Wade has moved independent voters their way, vulnerable House Democrats have reoriented their campaigns around abortion rights in the final weeks before the election.G.O.P. Senate Gains: After signs emerged that Republicans were making gains in the race for the Senate, the polling shift is now clear, writes Nate Cohn, The Times’s chief political analyst.Trouble for Nevada Democrats: The state has long been vital to the party’s hold on the West. Now, Democrats are facing potential losses up and down the ballot.Smaller, maneuverable weapons systems could be critical to Taiwan’s endurance, and U.S. officials are quietly pushing Taiwanese officials to order more of them. Many of the weapons that could bolster Taiwan’s defenses are going to Ukraine, and arms makers are reluctant to set up new production lines without long-term orders.Background: China has long sought to control Taiwan, which it considers part of its territory, and the U.S. has worked to help the island without enraging Beijing. President Biden said last month that the U.S. was “not encouraging” Taiwan’s independence, but he has also said that the U.S. would defend the island if China attacks.Context: The Biden administration announced last month that it had approved a $1.1 billion weapons sale to Taiwan, and officials are discussing how to streamline the sale-and-delivery process. Getting weaponry through a Chinese blockade could risk setting off a confrontation between China and the U.S.The European Union hopes to curb the revenue that Russia earns from oil sales.Gianni Cipriano for The New York TimesOPEC and Russia agree to cut oil productionThe oil industry cartel and its allies, including Russia, approved a drop in oil production of two million barrels a day to shore up prices.The production drop will most likely make Russia’s oil even more valuable on the world market, and complicates Western plans to impose a price cap on Russian oil, an important measure to drain funding for President Vladimir Putin’s war in Ukraine.The decision came after Biden administration officials spent more than a week trying to minimize production cuts by oil-producing countries in the Middle East.Analysis: The cut of two million barrels a day represents about 2 percent of global oil production during a time of reduced global demand. Stock prices dropped and the national average price of gasoline in the U.S. rose for the 15th consecutive day, to $3.83 a gallon.THE LATEST NEWSAsiaMonsoon rainfall in South Asia has become erratic and extreme. Jeremy White/The New York TimesSouth Asia’s monsoon is becoming stronger and less predictable because of climate change. Our interactive shows the places most at risk.Accusations of fraud came shortly after 433 gamblers won a lottery drawing in the PhilippinesReuters reports that Bangladesh is investigating an outage that cut power to about three quarters of the country for 10 hours.Saudi Arabia will host the Asian Winter Games in 2029 at what is planned to be a year-round ski resort there, according to The Associated Press.World NewsPresident Vladimir Putin celebrated Russia’s illegal annexation of four Ukrainian provinces at a rally in Moscow.Agence France-Presse — Getty ImagesPresident Vladimir Putin of Russia signed legislation supposedly annexing four regions of Ukraine as tens of thousands of Russian men fled conscription for countries like Kyrgyzstan.Liz Truss, Britain’s prime minister, told her divided Conservative Party that she was determined to challenge economic orthodoxy.An Iranian American who was held captive in Iran for seven years was released for urgent medical surgery.Uruguay could be a model for sustainable living.American PoliticsCivil War references have become increasingly commonplace on the right.Donald Trump asked the Supreme Court to intervene in litigation over sensitive documents the F.B.I. seized from his Florida estate.Speaker Nancy Pelosi’s relationship with Representative Kevin McCarthy, the House minority leader, has grown more toxic as the midterm elections draw nearer.What Else Is HappeningThe family of Halyna Hutchins, the cinematographer whom Alec Baldwin fatally shot on a movie set, reached a settlement with Baldwin and other people involved.Elon Musk’s takeover of Twitter will be tumultuous, if it happens.After hitting his 62nd home run, the Yankees slugger Aaron Judge acknowledged the pressure he faced to break Roger Maris’s American League home run record.A Morning ReadKoalas were declared an endangered species this year.Matthew Abbott for The New York TimesAustralia announced a plan to prevent any more of its plant and animal species from going extinct, an ambitious goal for a country that has lost species at one of the highest rates in the world. Scientists and conservationists welcomed the 10-year plan, which commits to preserving 30 percent of Australia’s landmass and specifies protecting animals like the growling grass frog, but they worried that it would still prove to be insufficient.ARTS AND IDEAS The idiotic genius of “Beavis and Butt-Head”Critics have largely focused on animated shows like “The Simpsons” while sidelining “Beavis and Butt-Head,” Mike Judge’s 1990s cartoon about two teenage numbskulls who mock music videos. But overlooking the popular MTV program is a mistake, writes Jason Zinoman, The Times’s new critic at large.“Can I explain why Beavis pulling his T-shirt over his blond bouffant and declaring himself the Great Cornholio made me laugh louder than anything Bart Simpson has ever done?” Zinoman writes. “No, but it’s true. Sometimes life (and thus comedy) is stupid.”“Beavis and Butt-Head” stuck to plots that Zinoman called “pointedly indifferent.” The result was humor that felt effortless, unaffected and, to many, moronic — but still hilarious. But the heart of the show was them watching and commenting on music videos. For Zinoman, then a budding critic, watching the program was “essentially watching the performance of criticism.”Paramount+ has made a major investment in the show, putting old seasons online and rolling out a new movie and a reboot. The new show maintains the imbecility of the original, though some episodes, alas, have more developed plots.PLAY, WATCH, EATWhat to CookArmando Rafael for The New York TimesThis pulled pork recipe is saucy, satisfying and easy enough to pull off for dinner whenever you want.What to Watch“The Octonauts” is one of the first TV shows to teach very young children about climate change.What to Listen ToHere are five minutes that will make you love bebop.Now Time to PlayPlay the Mini Crossword, and a clue: Shakespeare play with the line “To thine own self be true.” (6 letters).Here are the Wordle and the Spelling Bee.You can find all our puzzles here.Thank you for reading today’s briefing. Have a great day. — DanP.S. Livia Albeck-Ripka will become a reporter for The Times’s Express team.The latest episode of “The Daily” is on flooding in Pakistan.You can reach Dan and the team at briefing@nytimes.com. More

    • 100 Shares149 Views

      in Elections

      Elon Musk’s Twitter Will Be a Wild Ride

      by

      His deal to buy the company is back on. Here are six predictions about Twitter under Musk’s control, if it happens.Buckle up.Elon Musk, who for months has been strenuously trying to back out of a deal to buy Twitter for $44 billion, now appears ready to buy the company after all. In a surprise letter to Twitter on Monday night, Mr. Musk offered to take Twitter private at his originally proposed price — $54.20 per share — marking a possible end to one of the most dramatic legal feuds in Silicon Valley history.It’s worth noting that the deal could still fall apart — Mr. Musk is famously subject to 11th-hour mood shifts — but the most likely outcome now is that the world’s richest man will in fact become Twitter’s new owner, possibly as soon as this week.Much is unknown about what Mr. Musk will do with Twitter if he acquires it. The mercurial billionaire has made only the vaguest of public statements about his plans for the company and its products.But we now know, thanks in part to a bevy of text messages released as part of the protracted legal battle, that it will be nothing like business as usual. And there are at least six predictions I feel confident making, if the deal does in fact close.He’s going to clean house, starting with firing Twitter’s chief executive, Parag Agrawal.A juicy set of text messages between Mr. Musk and his friends and business associates emerged last week, as part of the legal battle. In them, Mr. Musk made clear that he was unhappy with Twitter’s current leadership — in particular with Parag Agrawal, the chief executive, who took over last year from Jack Dorsey.The texts revealed that Mr. Agrawal had initially sought to work constructively with Mr. Musk, and that the two even had a friendly dinner near San Jose, Calif., in March. But the men eventually clashed. Mr. Agrawal, at one point, told Mr. Musk via text message that his habit of tweeting things like “Is Twitter dying?” was “not helping me make Twitter better.”“What did you get done this week?” Mr. Musk shot back. “This is a waste of time.”From reading Mr. Musk’s texts, it’s clear he believes that Twitter’s leadership is weak and ineffective, and lacks the ability to carry out his vision for the company. If Mr. Agrawal doesn’t immediately resign once the deal is complete, I’d expect Mr. Musk to fire him on Day 1 and name himself or a close ally as a replacement.Mr. Musk has also expressed displeasure with other Twitter executives, and it’s hard to see how he could fire Mr. Agrawal without also clearing out most or all of the company’s top leadership and installing his own slate of loyalists.Parag Agrawal, the chief executive of Twitter, may be at risk of losing his job if Mr. Musk takes control of the company.Kevin Dietsch/Getty ImagesEmployees will revolt.Another easy prediction to make about Mr. Musk’s takeover is that it will generate enormous backlash among Twitter’s rank-and-file employees.Twitter, more so than other social media platforms, has a vocally progressive work force and many employees who are deeply invested in the company’s mission of promoting “healthy conversation.” Those employees may believe — for good reason! — that under Mr. Musk’s leadership, Twitter will abandon many of the projects they care about in areas like trust and safety. Or they may simply not want to deal with the drama and tumult of a Musk regime, and start looking for jobs elsewhere.What Happened to Elon Musk’s Twitter DealCard 1 of 9A blockbuster deal. More

    • 50 Shares189 Views

      in Elections

      Twitter Takes Round 1

      by

      Judge Kathaleen McCormick granted the social media giant’s request for an expedited hearing. Now, the two sides are gearing up for a trial in October.Twitter: 1, Musk: 0.Jim Wilson/The New York TimesTwitter suit takes the fast laneTwitter won its effort to expedite its trial with Elon Musk yesterday, in its lawsuit to force Musk to close his $44 billion acquisition of the company. So many people tried to listen to the proceedings that the dial-in hit capacity — and we hear advisers across Wall Street were huddled around speakerphones.It’s a big win for Twitter. In granting an expedited hearing, Judge Kathaleen McCormick effectively repudiated the notion that the court needed to allow time for a deep dive into whether Twitter had accurately counted the number of bots on its platform. She cited the “cloud of uncertainty” that was hanging over the company the longer the case went undecided as the reason for her decision to fast-track the trial. And in what may be another good sign for Twitter, Judge McCormick said she was unsure that damages would be a sufficient remedy for the social media company, which wants Musk to buy it, not pay damages to walk away.Please see Page 5. A centerpiece of Musk’s claims is that Twitter’s disclosures about the percentage of active users on its platform that are bots are misleading, which would have a “material adverse effect” on the company’s value. But Musk has yet to tell the court what, exactly, in Twitter’s disclosures might be false. This became an issue when Musk’s lawyer at Quinn Emanuel, Andy Rossman, took aim at Page 5 of Twitter’s annual report, which explains its bot count. But Twitter’s lawyer at Wachtell, Bill Savitt, in his rebuttal, noted that Twitter fills that page with hedges and warnings that numbers might be off. (It reads, in part: “Our estimation of false or spam accounts may not accurately represent the actual number of such accounts, and the actual number of false or spam accounts could be higher than we have estimated.”) Of Twitter’s disclosure, Savitt said: “This does not require a recreation of all things known to humanity.” Judge McCormick seemingly agreed.The two sides are gearing up for a trial in October. Over the next weeks, they have to agree on schedules for depositions and discovery. And Musk will have time to prepare for another hearing before Judge McCormick that month: a defense of his whopping Tesla pay package — money that could come in handy if she forces him to buy Twitter.HERE’S WHAT’S HAPPENING Netflix loses fewer subscribers than expected. The streaming service reported yesterday that it lost nearly 1 million subscribers in the second quarter, far fewer than it had forecast. What’s more, Netflix said some of its strategies to stem losses, like an ad-supported option for consumers and a crackdown on password sharing, would boost revenue as soon as next year.A heroic act in an Indiana mall shooting renews the debate over gun access. In the days since a 22-year-old armed bystander killed a gunman two minutes into a shooting spree, the U.S. is again debating the wisdom of easier access to guns. But an analysis of 433 active shooter attacks in the U.S. between 2000 and 2021 found just 22 had ended with a bystander shooting the attacker, according to the Advanced Law Enforcement Rapid Response Training Center at Texas State University.The CHIPS Act passes a procedural hurdle in the Senate with more than 60 votes. The legislation, stalled for more than a year, gives chip manufacturers what they say is help they need to build factories in the U.S. The Senate is expected today to officially vote to pass the bill, which has been slimmed down and still needs to return to the House before it can go to the president.Intelligence agencies say Russia remains a threat in elections. Top F.B.I. and National Security Agency officials warned yesterday that Russia could still seek to meddle or promote disinformation during the 2022 midterm races, even as it wages war in Ukraine. Iran and China also remained potent threats, the officials said.The House moves to protect same-sex marriage from Supreme Court reversal. New legislation, which garnered some Republican support, would recognize same-sex marriages at the federal level, but it faces an uncertain path in the Senate. The move was a direct answer to Justice Clarence Thomas’s concurring opinion in the ruling last month that overturned federal abortion rights.The loans that may haunt Silicon ValleyTech workers have taken out loans in recent years based on the value of their start-up stock. But as the start-up economy has deflated, that may come back to haunt them, writes The Times’s Erin Griffith.Start-up loans stem from the way workers are typically paid. As part of their compensation, most employees at privately held tech companies receive stock options. That’s where loans and other financing options come in. Start-up stock is used as a form of collateral for cash advances. The loans vary in structure, but most providers charge interest and take a percentage of the worker’s stock when the company sells or goes public. Some are structured as contracts or investments.This lending industry has boomed in recent years. Many of the providers were created in the mid-2010s as hot start-ups like Uber and Airbnb put off initial public offerings of stock as long as they could, hitting private market valuations in the tens of billions of dollars.Debate has ignited in Silicon Valley over the proliferation of loans backed by stakes in still-private start-ups. Proponents say the loans are necessary for employees to participate in tech’s wealth-creation engine. But critics say the loans create needless risk in an already-risky industry and are reminiscent of the dot-com era in the early 2000s, when many tech workers were badly burned by similar loans.As the start-up economy deflates, these loans can be risky. While most are structured to be forgiven if a start-up fails, employees could still face a tax bill because the loan forgiveness is treated as taxable income.“No one’s been thinking about what happens when things go down,” said Rick Heitzmann, an investor at FirstMark Capital. “Everyone’s only thinking about the upside.”“The thing I’ve always been taught by my parents is to be the first one in and last one out. But there’s no one else there.”— Alex Hyman, who pictured his internship at a Los Angeles entertainment agency this summer as being one part “Entourage” and one part “The Office,” but found it more like “Home Alone.” It’s a common experience in an age of remote-working bosses.Mooch’s crypto problemAnthony Scaramucci, who is famous for his 11-day stint as former President Donald Trump’s communications director, is facing a mass exodus of investors from his funds.Earlier this week, Bloomberg reported that Scaramucci’s firm SkyBridge Capital had halted withdrawals from one of its smaller funds, Legion Strategies, which contains just over $200 million. But Scaramucci is also struggling to hold onto investors in SkyBridge’s flagship fund, the SkyBridge Multi-Adviser Hedge Fund Portfolios, which managed as much as $2 billion at the end of March. Its investments lost nearly a quarter of their value in the second quarter.Investors in SkyBridge’s flagship fund are seeking to withdraw as much as $890 million, or about half of the money that it held as of the end of last month, Scaramucci told DealBook. But many of those investors will be stuck in the fund for a while. Under its rules, investors in the Multi-Adviser fund are only allowed to withdraw money during certain windows. Those used to occur four times a year, but SkyBridge cut them to twice a year in 2020, after big losses at the beginning of the pandemic. Earlier this month, SkyBridge told investors they would only collectively receive about 16 percent of the money they requested. The letter said it was issuing investors’ notes that would be paid no later than October.Scaramucci’s losses come just over a year after SkyBridge’s pivot into crypto. SkyBridge’s flagship fund, which Scaramucci bought from Citigroup, has long specialized in buying and selling stakes of other hedge funds. For a time, that, along with strong performance in the years after the 2008 financial crisis, made Scaramucci one of the most powerful players in the hedge fund industry.Scaramucci says he is still a long-term believer in crypto. The fund manager says that about 22 percent of his flagship fund remained in crypto and related investments as of the end of last month. “I am not smart enough to time the market,” he told DealBook. “But we’ve done a tremendous amount of research and we think anyone who has will see that blockchain technology is good and is the future.”THE SPEED READ DealsPimco bought $1 billion worth of debt backing Apollo’s acquisition of a payments company at a steep discount. (Bloomberg)Start-ups are racing for share of the market for home chargers of electric vehicles, and several have already been acquired. (Reuters)“Sam Bankman-Fried Turns $2 Trillion Crypto Rout Into Buying Opportunity” (Bloomberg Businessweek)PolicyDan Cox, a Trump loyalist, won the primary to be the Republican candidate for governor of Maryland. (NYT)Novavax’s Covid vaccine was cleared for use in the U.S. (NYT)The Secret Service said texts requested by the Jan. 6 commission were probably lost for good. (NYT)U.K. inflation has exceeded economists’ forecasts, hitting 9.4 percent (FT)President Vladimir Putin signaled that Russia would resume gas deliveries through a key pipeline but at a reduced level. (NYT)Best of the restLeaked salary data at Twitter showed a pay gap of as much as 225 percent for the same role in different countries. (Input)Soaring overdose rates in the pandemic reflect widening racial disparities. (NYT)How the pain of past economic crises is haunting Italy. (NYT)“Fighting a Brutal Regime With the Help of a Video Game” (NYT)We’d like your feedback! Please email thoughts and suggestions to dealbook@nytimes.com. More

    • 50 Shares109 Views

      in Elections

      Your Tuesday Evening Briefing

      by

      Here’s what you need to know at the end of the day.(Want to get this newsletter in your inbox? Here’s the sign-up.)Good evening. Here’s the latest at the end of Tuesday.President Biden and Jill Biden, at a memorial outside the Tops supermarket in Buffalo, today.Doug Mills/The New York Times1. In a speech in Buffalo today, President Biden called white supremacy “a poison” and Saturday’s racist massacre “domestic terrorism” and shared each victim’s name and story.Biden and his wife, Jill, met with victims’ families before the speech, in which Biden denounced “replacement theory” and condemned those “who spread the lie for power, political gain and for profit.” Biden added, “I don’t know why we don’t admit what the hell is going on.” But he stopped short of naming influential proponents of the conspiracy theory, like Tucker Carlson.Not all residents welcomed his words: “I could care less about what Biden said. I want to see action,” one resident said. “I want to see our community actually get help.”Biden voiced support for getting assault weapons off the streets but, before leaving, said he could do little on gun control via executive action and that it would be hard to get Congress to act.The Azovstal steel plant in Mariupol, on Sunday.Alexander Ermochenko/Reuters2. By early Tuesday, more than 260 Ukrainian fighters at the Mariupol steel mill had surrendered to Russia. Their fate is uncertain, as is that of hundreds more still in the plant.The soldiers laid down arms under orders from their country’s military, after very secretive negotiations between Russia and Ukraine. The surrender seems to end the war’s longest battle so far, solidifying one of Russia’s few major territorial gains.What happens next is unclear. The evacuated soldiers were taken to Russian-controlled territory, where Ukrainian officials said the fighters would be swapped for Russian prisoners. But the Kremlin did not confirm the swap and signaled that it might level war-crimes charges against the soldiers.Meanwhile, Russia and Ukraine appear farther apart than ever on peace negotiations.Voters in Asheville, N.C., cast their ballots today.Logan R. Cyrus for The New York Times3. Five states held primaries today.No state is more closely watched than Pennsylvania. Lt. Gov. John Fetterman, who spent the day recovering from a stroke, is the front-runner for the Democratic Senate nomination over Representative Conor Lamb. Three candidates are neck and neck in the Republican Senate race; Dr. Mehmet Oz, a celebrity physician endorsed by Donald Trump, was slightly ahead in polls. The former president also endorsed Doug Mastriano, a far-right loyalist who has promoted conspiracy theories and is the leading Republican candidate for governor. Officials said that final election results might not come tonight.Madison Cawthorn, the controversial G.O.P. representative, is in a closely watched race in North Carolina. In Idaho, an extreme far-right candidate is running against its conservative governor. Oregon and Kentucky also held primaries; check in with us for results.Attorney General Merrick Garland in the White House Rose Garden.Sarah Silbiger for The New York Times4. The Justice Department is requesting transcripts from the Jan. 6 committee.The House select committee investigating the attack on the Capitol has interviewed more than 1,000 people so far. And the Justice Department has asked the committee to send transcripts of any interviews it is conducting — including discussions with Trump’s inner circle, according to people with direct knowledge of the situation.The transcripts could be used as evidence in potential criminal cases or to pursue new leads. The move comes amid signs that Attorney General Merrick Garland is ramping up the pace of his painstaking investigation into the Capitol attack, which coincided with the certification of the election that the former president lost.Capistrano Unified School District, in Orange County, Calif., has lost over 2,800 students since 2020.Alisha Jucevic for The New York Times5. America’s public schools have lost at least 1.2 million students since 2020.Experts point to two potential causes: Some parents became so fed up with remote instruction or mask mandates that they started home-schooling their children or sending them to private schools that largely remained open during the pandemic. Other families were thrown into such turmoil by pandemic-related job losses, homelessness and school closures that their children dropped out.While a broad decline was underway as birth and immigration rates have fallen, the pandemic supercharged that drop in ways that experts say will not easily be reversed.Elon Musk, chaos agent.Susan Walsh/Associated Press6. Is he in or out?The world’s richest man, Elon Musk, raised further doubts about his $44 billion acquisition of Twitter, saying (on Twitter) that “this deal cannot move forward” until he gets more details about the volume of spam and fake accounts on the platform.Musk has latched onto the issue of fake accounts, which Twitter says make up fewer than 5 percent of its total, in a move that some analysts figure is an attempt to drive down the acquisition price, or walk away from the deal.The social media company is pressing ahead. In a lengthy regulatory filing, Twitter’s board urged shareholders to vote in favor of the deal, and provided a play-by-play view of how the board reached an agreement with Musk last month.A baby formula display shelf at Rite Aid in San Diego, Calif. on May 10, 2022.Ariana Drehsler for The New York Times7. More baby formula may be on the way.As a national shortage of infant formula put many parents on edge, the F.D.A. announced an agreement with Abbott Laboratories to reopen the company’s shuttered baby formula plant.Russia-Ukraine War: Key DevelopmentsCard 1 of 4In Mariupol. More

    • 50 Shares129 Views

      in Elections

      Your Thursday Evening Briefing

      by

      Here’s what you need to know at the end of the day.(Want to get this newsletter in your inbox? Here’s the sign-up.)Good evening. Here’s the latest at the end of Thursday.Mifepristone, the first of two drugs typically taken for a medication abortion, is authorized for patients up to 10 weeks pregnant.Michelle Mishina-Kunz for The New York Times1. Senate Democrats planned a surely doomed vote on Roe. The Senate’s majority leader, Chuck Schumer, said he will introduce a bill next week that codifies abortion rights into federal law, following the leaked Supreme Court decision overturning Roe v. Wade. The bill will almost certainly fall short of the 60 votes needed to overcome a filibuster or even obtain a simple majority.Still, Schumer called the vote one of “the most important we ever take,” framing it as a reminder to voters of the party’s stance. A majority of Americans support some form of abortion. If the Court overturns Roe, medication abortions, which account for more than half of recent abortions, will be the next battleground. A senior official said that the Biden administration is looking for further steps to increase access to all types of abortion, including the pill method.In other fallout, a stark divide has grown between Chief Justice John Roberts Jr. and Justice Samuel Alito Jr., author of the leaked decision. A Russian tank stuck in mud outside the Ukrainian capital of Kyiv.Daniel Berehulak for The New York Times2. The U.S. shared intelligence that helped Ukraine kill Russian generals. About 12 have died, according to Ukrainian officials, an astonishingly high number.The Biden administration’s help is part of a classified effort to give Ukraine real-time battlefield intelligence. Officials wouldn’t specify how many of the generals were killed with U.S. assistance and denied that the intelligence is provided with the intent to kill Russian generals.“Heavy, bloody battles” were fought at the Azovstal steel plant in Mariupol, the city’s last pocket of resistance, after Russian forces breached the perimeter. Seizing Mariupol would let President Vladimir Putin claim a major victory before Moscow’s Victory Day celebration on May 9.Fighting raged across the eastern front, from Mariupol to the northern Donetsk area. “The front is swinging this way and that,” a Ukrainian medic told The Times.The W.H.O. estimated roughly 930,000 more people than normal died in the U.S. by the end of 2021.Kirsten Luce for The New York Times3. Nearly 15 million more people died during the first two years of the pandemic than would have been expected during normal times.That estimate, which came from a panel of experts the World Health Organization assembled, offered a startling glimpse of how drastically the death counts reported by many governments have understated the pandemic’s toll.Most of the deaths were from Covid, the experts said, but some people died because the pandemic made it more difficult to get medical care for ailments such as heart attacks. The previous toll, based solely on death counts reported by countries, was six million.In other virus news, BA.2.12.1, a subvariant of the BA.2 Omicron subvariant, is likely to soon become the dominant form of the virus in the U.S. There’s no indication yet that it causes more severe disease.A Modoc National Forest firefighter used a drip torch to ignite a prescribed burn in Alturas, Calif., last year.Max Whittaker for The New York Times4. Fire season has arrived earlier than ever.Enormous wildfires have already consumed landscapes in Arizona and Nebraska. More than a dozen wildfires are raging this month across the Southwest. Summer is still more than a month and a half away.A time-lapse image from space shows the scope of the Western catastrophe: Smoke from fires in New Mexico can be seen on a collision course with a huge dust storm in Colorado. Both are examples of natural disasters made more severe and frequent by climate change, which has also made a vital tool for controlling wildfires — intentional burns — much riskier.The country’s largest active blaze, a megafire of more than 160,000 acres in northern New Mexico, has grown with such ferocity that it has threatened a multigenerational culture that has endured for centuries.A polling station in Shipley, England, where local elections could decide Prime Minister Boris Johnson’s fate.Mary Turner for The New York Times5. Britain is holding local elections in a big test for Prime Minister Boris Johnson.His scandal-prone leadership is again on the line, with Conservatives trailing the Labour Party in polls and his own lawmakers mulling a no-confidence motion that could evict him from Downing Street. A poor election result could tip them over the edge.One thing that has saved Johnson so far is his reputation as an election winner and his strength in the so-called red wall regions of the north and middle of England, which have traditionally voted Labour. Many voters are skeptical that the opposition can solve issues such as soaring prices.Elon Musk’s recent purchase of Twitter has left users and investors unsure of how the site will change. Joshua Lott/Getty Images6. Elon Musk has brought in 18 new investors and $7 billion for his Twitter deal.Among them are Larry Ellison, who put in $1 billion; Fidelity; and the venture capital firm Sequoia Capital. Musk is paying $21 billion from his own very deep pocket, and an investment firm analyst called Musk’s move a smart deal. In 2019, Musk tweeted “I hate advertising,” — but ads account for about 90 percent of Twitter revenue. Some agencies already say Twitter ads aren’t targeted well. Now, numerous advertising executives say they’re willing to move their money elsewhere, especially if he removes the safeguards that allowed Twitter to remove racist rants and conspiracy theories. Musk has mentioned potentially charging some users.Two of our colleagues, John Eligon and Lynsey Chutel, interviewed friends and relatives — including Musk’s estranged father — in South Africa, where he grew up, to better understand the mysterious entrepreneur.Russia-Ukraine War: Key DevelopmentsCard 1 of 4In Mariupol. More