Bloomberg News Now June 5, 2025: Harvard Foreign Student Reprieve, Trump-Musk Feud Heats Up, More
Jun 6, 2025
In a heated legal showdown, a judge's ruling favors Harvard, blocking Trump's ban on international students. The rivalry between Elon Musk and Trump intensifies, raising concerns about Tesla's stock. Political shifts hint at potential impacts on EV tax credits and Tesla's profits. Trade talks between Trump and Xi Jinping add another layer of intrigue, while experts weigh in on inflation and job claims, unpacking the broader economic landscape.
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Harvard Student Ban Blocked
- A U.S. judge temporarily blocked the Trump administration's ban on international students entering the U.S.
- This ruling is a setback linked to Harvard's legal challenge over alleged retaliation and free speech violations.
Musk-Trump Public Feud
- Elon Musk threatened to decommission SpaceX's Dragon spacecraft but reversed his decision within hours.
- He and President Trump clashed publicly, with Musk accusing Trump of lies affecting Tesla's business.
Criticism of Musk's Behavior
- Ross Gerber called Musk's behavior "a disaster" and criticized his public feud with President Trump.
- Gerber expressed surprise given Musk's prior support for Trump, seeing the fallout as unwise.