• Sen. Bernie Sanders took another swipe at Shari Redstone.
• The former Democratic presidential hopeful was responding to the latest shake-up at CBS News.
• On Monday, CBS News CEO Wendy McMahon announced her resignation.

Sen. Bernie Sanders on Monday intensified his pressure campaign on Paramount Global's controlling shareholder, Shari Redstone, following another major shake-up at CBS News.

CBS News CEO Wendy McMahon on Monday announced that she was stepping down, another bombshell development as its parent company, Paramount, potentially explores a settlement of President Donald Trump's suit against the company and "60 Minutes."

"I say to Shari Redstone: Enough is enough," Sanders wrote on X. "Do not capitulate to Trump's attack on a free press. Do not settle Trump's bogus lawsuit against 60 Minutes."

McMahon wrote in a message to staff that was obtained by Business Insider that it was time for her to "move on and for this organization to move forward with new leadership."

"The past few months have been challenging," she said in the message. "It's become clear that the company and I do not agree on the path forward."

Paramount declined further comment to Business Insider.

Sanders, an independent from Vermont, has led his colleagues in pressuring Paramount as the company seeks FCC approval of its merger with SkyDance. He and others have expressed skepticism over Paramount's turnabout from fighting Trump's lawsuit against CBS.

Trump sued CBS for $10 billion for what he claimed was deceptive editing of "60 Minutes'" interview with then-Vice President Kamala Harris ahead of the 2024 election. Trump later amended his claim to $20 billion in damages and added Paramount to the suit.

First Amendment organizations have dismissed Trump's claims, saying that "60 Minutes" was well within its journalistic rights. In April, The New York Times reported that Paramount's board was discussing a potential settlement.

No deal has yet to be reached.

On May 7, Sanders and eight Senate Democrats wrote to Redstone urging her to "make it clear to President Trump today that Paramount will not surrender to his attack on the First Amendment."

Last month, Bill Owens, the longtime executive producer of "60 Minutes," also bowed out. Scott Pelley, one of the show's longtime correspondents, later expressed his displeasure with the situation on air.

"Stories we've pursued for 57 years are often controversial — lately, the Israel-Gaza war and the Trump administration. Bill made sure they were accurate and fair — he was tough that way," Pelley said during the first "60 Minutes" broadcast that followed Owens' departure. "But our parent company, Paramount, is trying to complete a merger. The Trump administration must approve it. Paramount began to supervise our content in new ways. None of our stories has been blocked, but Bill felt he lost the independence that honest journalism requires."

• President Donald Trump can't quit Taylor Swift.
• Before leaving the Middle East, Trump couldn't help but revisit his feud with the pop star.
• It's unclear why Trump continues to attack Swift.

President Donald Trump spent the week being feted by Middle Eastern leaders and wealthy CEOs. As he left the Persian Gulf, he decided to renew his bad blood with one of his least favorite billionaires: Taylor Swift.

"Has anyone noticed that, since I said 'I HATE TAYLOR SWIFT,' she's no longer 'HOT?'" Trump wrote on Truth Social.

Trump's message came as his domestic agenda hung in the balance. After spending his first 100 days issuing a historic level of executive orders, the president is counting on Republicans in Congress to ram through his "One Big Beautiful Bill."

A band of conservatives said they would oppose the legislation as it stands, putting the president's sweeping spending, tax cut, and immigration bill at risk of becoming one big blank space. Some of those conservatives teamed up to sink the bill on Friday afternoon when it was considered by the House Budget Committee.

Trump did, eventually, get around to that, but not before curiously proving that he's still thinking about the megastar.

It's not clear why Trump chose to revisit this fight on Friday, but it's been ongoing since September. Long story short, Swift endorsed then-Vice President Kamala Harris ahead of the 2024 election, despite Trump warning the pop star to stay out of the race. At the time, she wrote: "I believe we can accomplish so much more in this country if we are led by calm and not chaos."

Trump responded to the endorsement with a post on Truth Social: "I HATE TAYLOR SWIFT!" He'd previously drawn the ire of her fans for endorsing a post filled with dubious images purporting to show "Swifties for Trump."

Last month, Trump also mentioned Swift when he welcomed the Super Bowl-winning Philadelphia Eagles to the White House. For the second year in a row, Swift attended the big game to cheer on her boyfriend, the Chiefs tight end Travis Kelce.

"I was there along with Taylor Swift. How did that work out? How did that one work out?" Trump said.

• Republicans are trying to pass Trump's "One Big Beautiful Bill" in the coming weeks.
• It includes new tax cuts, changes to Medicaid, saving accounts for kids, and other provisions.
• Here's what you should know about the centerpiece of Trump's legislative agenda.

For months, President Donald Trump has pursued his sweeping agenda through executive actions. Now comes the hard part.

Republicans on Capitol Hill are finally putting pen to paper on what Trump has called the "One Big Beautiful Bill," a sweeping fiscal package that will serve as the centerpiece of the president's legislative agenda.

The bill includes GOP priorities like no taxes on tips or overtime, cuts to Medicaid, "MAGA accounts" for children and several other provisions.

It will take weeks for lawmakers in the House and Senate to work out the final details, and it's likely that some changes will be made along the way. Republicans hope to send the bill to Trump's desk by July 4.

Here's what you should know about what's in the "One Big Beautiful Bill."

The bill includes cuts to Medicaid, and millions could lose health coverage

As part of the plan approved by the House Energy and Commerce Committee, states would implement work requirements in 2029 for childless adults on Medicaid who do not have a disability, mandating they work for 80 hours a month.

A component of the plan would increase the price of doctors' visits, mandating beneficiaries making above the federal poverty limit to pay co-payments of up to $35. States would also be required to stop taxing hospitals and nursing homes in order to secure more federal funding.

Medicaid recipients in some states would have more paperwork to regularly confirm their residency status and income. And the plan would lower federal funding for some recipients in states that fund medical coverage for undocumented immigrants.

The Congress Budget Office estimated the legislation would save about $912 billion over the next decade in federal spending, about $715 billion of which would derive from Medicaid and Affordable Care Act cuts. The CBO said about 8.6 million people could lose their insurance coverage.

The plan came short of expectations among some ultraconservatives who wanted more Medicaid cuts at the federal level. Some GOP leaders wanted per-capita caps for those in Medicaid expansion states and a lower across-the-board rate at which the federal government supplements each state's funding for Medicaid programs.

Democrats have strongly opposed the bill, emphasizing that millions of Americans will potentially have their lives uprooted by Medicaid cuts.

No tax on tips or overtime, making Trump's 2017 tax cuts permanent, and more

Some of Trump's flashiest campaign promises were to remove taxes on tips, overtime, and Social Security. This bill largely gets those done, but only for the next four years — lawmakers will have to decide whether to renew the cuts in 2029.

The bill would allow workers in an "occupation that traditionally and customarily receives tips" to claim a tax deduction for the sum of all tips that they received in the previous year. It would also do the same for overtime wages. Neither deduction is available to anyone who is a "highly compensated employee."

To help accomplish Trump's "no taxes on Social Security" pledge, Republicans created a new $4,000 tax deduction for seniors making less than $75,000 per year. There's also a provision in the bill to fulfill Trump's promise of no taxes on car loan interest.

There's also an extension of the child tax credit, which is currently $2,000 but was set to decrease to $1,000 after this year. The bill would increase the credit to $2,500 through 2028, then it would drop to $2,000 permanently after that.

If you're thinking of buying an electric vehicle, you might want to do so before the end of the year. The bill would eliminate existing tax credits for new and used EVs, and it would impose an annual registration fee of $250 for EV owners.

The bill also makes permanent a slew of tax cuts that Trump and Republicans enacted in 2017. The average American won't feel much of a difference, since they've probably gotten used to the existing tax rates and brackets that have existed since 2018. But it's the most consequential part of the bill from a budgetary perspective, adding trillions to the deficit over the next several years.

MAGA savings accounts

The bill establishes "Money account for growth and advancement" accounts, or MAGA accounts, for children. The idea was originally proposed by Republican Sen. Ted Cruz of Texas.

The federal government would pay $1,000 to babies born from 2024 through 2028. After the cutoff, parents will still be able to put $5,000 per year into each account.

Cruz's proposal is similar to previous Democratic-led efforts for "baby bonds," but the biggest difference is that there is no income cutoff. Sen. Cory Booker of New Jersey, a Democrat, envisioned a program primarily targeted at low-income families.

A repeal of Biden's student loan forgiveness plans

If enacted, the reconciliation bill would mean major changes for student-loan borrowers. The legislation proposes terminating all existing income-driven student-loan repayment plans, including Biden's SAVE income-driven repayment plan, which would have shortened the timeline for debt relief and provided cheaper monthly payments. While SAVE is currently paused due to litigation, Trump and Republican lawmakers have said they would not carry out the plan if it survives in court.

Under the bill, borrowers would have two repayment plan options: one, called the Repayment Assistance Plan, would allow for loan forgiveness after 360 qualifying payments, and the other option would be a standard repayment plan with a fixed monthly payment over a fixed time period set by the servicer.

Payments made under the Repayment Assistance Plan would be calculated based on the borrower's income and would count toward Public Service Loan Forgiveness.

A 10-year ban on state-level AI laws

House lawmakers handed a major win to Big Techby including a 10-year federal preemption on all state artificial intelligence laws in the larger bill. Congress has talked about a federal AI policy, but no serious legislative proposals have emerged.

In the meantime, states have tried to fill to void. Major tech companies have long fought state-level AI regulations. Last year, California lawmakers passed the nation's most sweeping AI legislation only for Gov. Gavin Newsom to veto it.

Meta, OpenAI, and Anthropic lobbied against California's bill. Meta recently wrote to the White House that state laws "could impede innovation and investment."

The issue isn't going away. In the 2024 legislative session, lawmakers in at least 45 states introduced AI-related bills, according to the National Conference of State Legislatures.

Unlike most of the other provisions on this list, the AI regulation ban faces major hurdles to making it into law. Republicans must adhere to strict parliamentary rules to pass Trump's bill without facing a Democratic filibuster in the Senate. One rule is that all provisions must be primarily fiscal in nature, and many expect that the AI provision will fail that test.

A debt ceiling hike, the end of IRS Direct file, money for a border wall, and more

Avoiding default: Republicans would raise the debt limit by $4 trillion, staving off a potential default that could come later this summer. One way or another, Congress will have to address the debt issue soon. The federal government is expected to exhaust its borrowing ability sometime in August.

Billions for missile defense: Trump wants the US to have a futuristic missile defense system inspired by Israel's vaunted "Iron Dome" air defenses, but the US shield would include space-based components and focus on longer-range missile threats rather than the smaller weapons Israel faces. House Republicans have allocated roughly $25 billion for overall missile defense, most of which will go to the "Golden Dome" project.

700 more miles of Trump's border wall: Republicans proposed spending roughly $47 billion on border barriers, which will cover 701 miles of "primary wall," 900 miles of river barriers, and 629 miles of secondary barriers. Trump repeatedly fought in his first term to build a massive border wall between the US and Mexico but struggled to get funding through Congress.

A big tax increase on large university endowments: Republicans would significantly increase Trump's 2017 groundbreaking tax on colleges and universities with large endowments. Under the bill, the tax rate would be tied to the size of their endowment, adjusted by student enrollment.At the low end, the rate would remain at 1.4%. At the highest level, universities would pay 21% tax if they have an endowment of $2 million or more per student.

IRS direct file: The big beautiful bill would officially kill off the IRS's Direct File program, a Biden-era initiative that has long been a subject of Republican ire. In April, a Treasury Department official told BI that it was a failed and disappointing program. The new legislation would instead allocate funding towards studying a public-private partnership to provide free filing for a majority of taxpayers.

• Republicans included a major victory for AI companies in Trump's sweeping "Big Beautiful Bill."
• One provision would prohibit states from regulating artificial intelligence for a decade.
• OpenAI and other companies have opposed state-level regulations.

Major tech companies could receive an unexpected victory in President Donald Trump's signature "Big Beautiful Bill" but they shouldn't start celebrating just yet.

House Republicans squeezed a provision into part of the sweeping tax, immigration, and defense legislation, which would prohibit states from regulating artificial intelligence for a decade.

"Except as provided in paragraph (2), no State or political subdivision thereof may enforce any law or regulation regulating artificial intelligence models, artificial intelligence systems, or automated decision systems during the 10-year period beginning on the date of the enactment this Act," the bill reads.

The text, first noticed by 404 Media, would be a godsend to major tech companies that have pushed the White House to oppose state-level AI regulations. Meta previously told the White House that such regulations "could impede innovation and investment."

OpenAI, Meta, and Alphabet have all opposed state-led efforts to regulate the rapidly growing industry. Last year, California Gov. Gavin Newsom vetoed what would have been one of the nation's furthest-reaching AI laws after it overwhelmingly passed the state legislature. OpenAI was among the leading tech companies to oppose that bill.

Congress has considered federal AI policies but those efforts have yet to go anywhere.

Big Tech CEOs have made substantial efforts to curry favor with the White House. Trump has welcomed their overtures and named venture capitalist David Sacks as artificial intelligence and crypto czar.

Republicans have mixed views on the proposal

There's no unanimity about the provision among congressional Republicans, even among those who are Big Tech critics.

Sen. Josh Hawley of Missouri told BI that he opposed the proposed moratorium, saying he didn't "want to tamp down on people's efforts to address" issues posed by AI.

"I would think that, just as a matter of federalism, we'd want states to be able to try out different regimes that they think will work for their state," Hawley said. "And I think in general, on AI, I do think we need some sensible oversight that will protect people's liberties."

Sen. Ted Cruz of Texas, meanwhile, told BI he was "very supportive of the principle," saying that AI should be regulated via national standards.

He also said he wanted to take an approach to AI similar to the one President Bill Clinton took on the internet in the 1990s — applying a "light touch regulatory approach" in order to win the AI race.

Silicon Valley shouldn't be celebrating yet.

The House Energy and Commerce Committee will debate the provision and the rest of its section of the sweeping proposal on Tuesday. Other top House committees will need to approve their own language before a final bill can be brought to the floor. House Republicans are still divided on other matters, including to what extent to cut Medicaid, a federal program that covers 72 million Americans, predominantly with low incomes or disabilities.

Even if the AI provision passes the House, it still needs to pass a special parliamentary review in the Senate. To ram Trump's bill through expected Democratic opposition, Republicans must use a special procedure known as reconciliation. The trade-off is that all provisions of reconciliation bills must be primarily fiscal in nature.

It's unlikely, as Bloomberg News reported, that the AI provision would meet that high bar. If it fails to, Republicans would be forced to strip it out of the bill or risk losing the special power that allows them to doge a likely Democratic-led filibuster that would effectively kill the entire bill.

"I don't know whether that provision will survive on reconciliation, but as a substantive matter, it's a policy I support," Cruz said.

• House Republicans on Monday released a draft of the huge tax bill that Trump wants Congress to pass.
• Included in the draft is a pilot program for "MAGA accounts," essentially savings accounts for kids.
• Republican Sen. Ted Cruz of Texas has been a strong proponent of the idea.

The "big, beautiful bill" that aligns with President Donald Trump's broader economic agenda and was unveiled by House Republicans on Monday includes a so-called "MAGA" savings accounts for kids.

Within the bill's draft is the creation of "Money account for growth and advancement" accounts, or "MAGA accounts," laying out a pilot program to launch the accounts with $1,000 each.

GOP Sen. Ted Cruz of Texas recently talked about the plan with Semafor after he pushed the idea to his fellow Republicans as they attended a party retreat earlier this month.

"The case I made to my colleagues is: We should ask ourselves in this bill, what will be the legacy that people will remember and talk about 10 years from now, 20, 30, 40 years from now?" Cruz said at the time.

Unlike previous Democratic-led proposals, Cruz said his plan aims to encourage more Americans to invest in the stock market. He credited Brad Gerstner, CEO of the Altimeter Capital hedge fund, with helping create the idea.

"A 10-year-old can pull out an app on his phone and say, 'Hey, look, I own $50 worth of Apple, I own $75 worth of Boeing, I own $30 of McDonald's, I go to McDonald's, I'm an owner of McDonald's,'" Cruz told CNBC. "That changes a young person's attitude, I think when they are a stakeholder in our free market."

The high-profile conservative and onetime Republican presidential candidate also told Semafor that such accounts could "begin the journey of savings" for many Americans, with those individuals reaping the advantages of compound interest years later.

In the House bill, the item is listed as the "MAGA Accounts Contribution Pilot Program." The plan would give parents with a qualifying child a "one-time credit of $1,000" that'd be payable into the child's account.

To be eligible for the program, the child must be a US citizen "at birth," possess a Social Security number, and have a birthdate after December 31, 2024, and prior to January 1, 2029.

In the House bill's draft, the MAGA accounts are specified as being "exempt from taxation."

The program is reminiscent of the "baby bonds" proposal from Democratic Sen. Cory Booker of New Jersey, who pitched the idea of granting $1,000 to US babies in savings accounts in order to help create a financial foothold for them early in life. Booker advanced the idea as part of his 2020 presidential campaign.

Alongside Booker, Democratic Rep. Ayanna Pressley of Massachusetts was also a strong advocate of the "baby bonds" plan, which was pitched as a way to close the racial wealth gap.

Unlike Cruz's proposal, Booker's plan also had hard cutoffs for wealthier families.

• President Donald Trump suggested that tariffs on Chinese goods should be slashed to 80%.
• The rate would still be high but would be a dramatic reduction from the 145% the US has imposed.
• Just two days ago, Trump said "no" when asked whether he would consider lowering tariffs on China.

President Donald Trump made the first move ahead of US-China trade talks this weekend.

In a Friday morning Truth Social post, the president suggested significantly lowering his tariff on Chinese goods to 80% — still high but 65 percentage points lower than the current 145% rate.

The president posted: "80% Tariff on China seems right! Up to Scott B."

US Treasury Secretary Scott Bessent and the US trade representative, Jamieson Greer, announced this week that they'd be meeting with their Chinese counterparts in Switzerland this weekend to discuss US-China trade relations as Trump's heavy tariffs remain in effect and the trade war rages on.

"CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON'T WORK ANYMORE!!!" Trump wrote in another Friday morning post.

Just two days ago, while speaking with reporters from the Oval Office, Trump flatly said "no" when asked whether he would consider lowering his tariffs on China to help ease this weekend's talks, though he also recently said that the 145% tariff on China is "very high" and would "come down substantially."

Ahead of the talks, shipments from Chinese ports have slowed. US importers have begun to weigh whether they can afford to do business now that each shipment is subject to the 145% tariff.

"It has gone very fast, so this is the result of customers reacting very, very fast on canceling orders or stopping orders and waiting to see if this is going to resolve itself," Maersk CEO Vincent Clerc said on his company's first-quarter earnings call.

Trump previously lashed out at China after Beijing retaliated against his "Liberation Day" tariffs. Since April, the world's two largest economies have remained largely at loggerheads. Starting late last month, the president has said that China is talking to the White House — a claim Beijing has repeatedly denied.

The two sides couldn't even agree on who initiated the high-level talks this weekend, but news of the face-to-face conversation was seen as a serious indication that a deal is in the offing.

The current 145% tariff is so high that many economists have essentially compared it to a trade embargo. The White House did grant a series of exemptions for certain tech items, including Apple's iPhones, but other industries have said that price increases could be coming if relief isn't on the horizon.

Trump said that Americans needed to take some price increases on the chin to pave the way for the reshoring of manufacturing.

"Maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls would cost a couple of bucks more than they would normally," he told reporters in April during a Cabinet meeting.

In past talks, Trump has shown he will start with significant bluster before a breakthrough arrives. In his first term, he ratcheted up tensions with North Korea's leader, Kim Jong Un, dismissing him as "little rocket man" before ultimately agreeing to hold historic talks with the nuclear-armed nation.

Commerce Secretary Howard Lutnick, another trade advisor, on Thursday lavished praise on the president for his methods.

"He's the closer," Lutnick said, looking over to Trump in the Oval Office. "He gets deals done that we could never get done."

Correction: May 9, 2025 — An earlier version of this story misstated how much lower an 80% tariff on Chinese goods would be from 145%. It would be 45% lower, not 55%.

• Instagram chief Adam Mosseri testified in Meta's antitrust trial on Thursday.
• The FTC claims Meta's acquisitions of Instagram and WhatsApp created an illegal monopoly.
• Regulators want Meta to sell off Instagram and WhatsApp.

Instagram chief Adam Mosseri took the witness stand on Thursday in Meta's landmark antitrust trial in Washington, DC, federal court.

Mosseri, who has been at the helm of Instagram since 2018, is among the more than two dozen witnesses that the Federal Trade Commission has called to testify in the case.

The FTC argues in its case against Meta that the company violated antitrust laws when it "helped cement" an illegal monopoly in the social networking market with its acquisitions of Instagram in 2012 and the messaging app WhatsApp two years later.

The case, to be decided by Judge James Boasberg, could be one of the most consequential antitrust trials in years. If FTC regulators have their way, Meta could be forced to sell off WhatsApp and Instagram.

Mosseri began his tenure at Meta, formerly called Facebook, in 2008. Here are five insights and revelations we learned from his more than six hours of testimony:

Mark Zuckerberg's 'strained' relationship with Instagram's founders

Mosseri recalled a 2018 email he sent to Meta CEO and founder Mark Zuckerberg while on paternity leave, warning that Instagram cofounders Kevin Systrom and Mike Krieger were increasingly frustrated with strategy changes.

He wrote that it was "hard for me to get a read on what's going on as the relationship was strained."

Mosseri cited two core tensions: Zuckerberg's belief that slowing Instagram's growth would benefit Meta overall.

Mosseri acted as a mediator, relaying concerns between the founders and Facebook leadership.

These tensions foreshadowed a deeper rift that culminated in the cofounders' departure later that year, a turning point that saw Mosseri take over the reins at Instagram.

Worry over TikTok cutting into Instagram's growth

TikTok's meteoric rise was a massive threat to Instagram, Meta has argued.

"TikTok is probably the fiercest competition we have faced during my tenure at the company," Mosseri testified on Thursday.

According to internal Meta documents presented in court, TikTok was a "big concern" in 2019, just as the ByteDance-owned app was taking off. Instagram data scientists presented a "conservative estimate" that 40% of Instagram's year-over-year decline in time spent was due to TikTok. Specifically in the US, Instagram estimated a 23% decline in time spent.

Instagram would go on to launch its own short-form video product, Reels, in 2020.

Mosseri also testified that he briefed Zuckerberg "very often" about the competition with TikTok, adding that there was a monthly dinner with the most senior executives at Meta where this would come up.

"It became kind of a hazing ritual for me to give an update on Reels," Mosseri said.

Mosseri's 'biggest mistake'

On the stand, Mosseri testified that Instagram's first version of Reels was his "biggest mistake," built on the "not a sound foundation" of Stories, which the feature was initially built into.

The feature flopped and was ultimately scrapped after nearly a year. Mosseri said before he joined Instagram that it tried another venture to compete with TikTok called IGTV — that too failed.

Instagram pivoted by relaunching Reels as a dedicated feature in the main feed, a reboot that finally gained traction amid the pandemic and TikTok's rapid rise. Mosseri said that the company "could have and should have been more aggressive" in responding to what he called Meta's fiercest competitor.

Hundreds of millions on content creators

Instagram's fight with TikTok and other apps is just beginning, Mosseri testified.
Mosseri said that one of the biggest fights right now is over future creators, those who are just beginning to make content or who haven't even started. He said TikTok has done a better job allowing small creators to rapidly expand their reach, something Meta is actively trying to cut into.

In terms of overall investment, Mosseri said that Meta has spent "hundreds of millions, maybe a billion or two" during his time at the company supporting the wider creative ecosystem.

That touches everything from incentive payments to the physical infrastructure necessary to power Instagram's AI-backed recommendations.

"We are just seeing more and more power shift from institutions to individuals across the industry," Mosseri testified.

Instagram's struggles around content safety

Susan Musser, the FTC attorney who led Mosseri's questioning, repeatedly questioned the Instagram head over his initial concerns about how the app was ensuring the safety of its content.

Mosser pointed to an email from October 19, 2018, less than a month after Mosseri became head of the app, in which he said that Facebook was not investing enough in Instagram's Well-being team.

"I think we're underinvested in Well-being and were, until recently, the resources we do have are underleveraged," Mosseri wrote to someone whose full name was redacted. The initial email the person wrote was titled, "need to prioritize integrity efforts over growth — we must fight fakes."

An internal Facebook document also showed that Instagram had significantly fewer engineers devoted to well-being than the main app. According to the 2018 summary, Instagram had 40 engineers dedicated to doing such work. Facebook had 900.

Meta lawyer Aaron Panner later asked Mosseri if Meta employees typically received everything they requested.

"Never," Mosseri said.

• Instagram has been throwing cash at content creators for years.
• During the FTC v. Meta antitrust trial, Instagram's top exec, Adam Mosseri, revealed how much.
• Mosseri said Instagram has "invested hundreds of millions" into creators.

Instagram has spent big bucks on wooing content creators.

Adam Mosseri, Instagram's top executive, took the stand on Thursday to testify during the ongoing FTC antitrust trial against Meta. The FTC has accused Meta of acting as a monopoly in personal social networking with its acquisitions of Instagram and WhatsApp.

Mosseri testified that the company has "invested hundreds of millions, maybe a billion or two, over the course of my tenure" on creators.

Mosseri said the money included both incentives as well as the physical infrastructure that makes it possible for the app to expand a creator's reach.

In 2018, Mosseri took over as head of Instagram after the app's original cofounders stepped down from the company. Since then, creators have gradually become more and more of a core focus for the Meta-owned company.

Instagram has launched (and shut down) a handful of creator monetization programs since 2020 to compete with other platforms like YouTube and TikTok, which also pay creators. Some programs, like Instagram's "Bonuses," that pay creators for content like reels or photos, are limited and invite-only. Earlier this year, Meta had offered some creators between $2,500 to $50,000 a month to post content to Instagram.

"We believe creators are becoming more and more relevant over time," Mosseri said at another point during his testimony. "We are just seeing more and more power shift from institutions to individuals across the industry."

• President Donald Trump said he's in no rush to sign a trade deal.
• The 90-day pause on his "reciprocal tariffs" will run out on July 9.
• There's a new trade deal with the UK. The US is also in talks with China.

President Donald Trump is running out of time to make trade deals before the 90-day pause on his so-called "reciprocal tariffs" runs out.

Trump said this week that he's not in any rush.

"Everyone says, 'When, when, when are you going to sign deals?' We don't have to sign deals. We could sign 25 deals right now, Howard, if we wanted," Trump said in the Oval Office, motioning to Commerce Secretary Howard Lutnick as Canadian Prime Minister Mark Carney sat nearby.

"We don't have to sign deals. They have to sign deals with us," Trump said. "They want a piece of our market. We don't want a piece of their market, we don't care about their market."

Then, on Thursday, Trump announced a trade deal with the UK. "This is going to boost trade between and across our countries," British Prime Minister Keir Starmer said at the time. Treasury Secretary Scott Bessent, meanwhile, is in Switzerland for trade talks with China.

Wall Street continues to hang on every word.

After the UK trade deal was announced, JPMorgan Chase CEO Jamie Dimon told Fox 11 Los Angeles that Trump's tariff approach was initially "too aggressive" but highlighted the need to address unfair trade policies.

"These are deals in principle … a real trade deal would be 10 or 20,000 pages long," he said. "But any progress is good."

Here's what we know about where discussions stand for major US partners.

China

The US and China can't even agree on who initiated the discussions. But it is significant progress that the world's two largest economies are talking.

Bessent has said that a deal with China is more complex, so the Trump administration views it as separate from discussions with other nations.

Beijing has boasted that it can endure a protracted trade fight. And while Trump has said that discussions have taken place, Beijing denied it.

A breakthrough could be coming, however.

Bessent and US Trade Rep. Jamieson Greer traveled to Switzerland for face-to-face talks with He Lifeng, China's top economic official. Talks between the two countries began on Saturday.

In April, Trump imposed a 145% tariff on Chinese goods, escalating the trade dispute. However, on Friday, he said he believes 80% would be an appropriate levy.

The talks will occur in the same city as the World Trade Organization's headquarters. Trump has long complained about China's 2001 admission to the WTO.

Canada

Trump recently met with the newly elected Carney in the Oval Office.

The economist and onetime governor of the Bank of England told reporters that Canadian officials, himself, and Trump planned further trade discussions "in the coming weeks."

During a public portion of their Oval Office meeting, Trump and Carney both said that there needs to be changes made to the US-Mexico-Canada agreement, Trump's first-term rewrite of the North American Free Trade Agreement.

In the meantime, the United States continues to impose a 25% tariff on non-USMCA-compliant Canadian goods and a 10% tariff on energy imported from Canada. Additional US tariffs on automobiles, steel, and aluminum also apply to Canadian goods.

Canada retaliated by imposing a 25% tariff on US goods, including steel, aluminum, and agricultural goods.

United Kingdom

In the trade agreement forged between the UK and the US, Trump will reverse tariffs on British steel and automobiles

British steel and aluminum won't be subject to US-imposed 25% tariffs. And tariffs for UK cars imported into the United States will be cut from 27.5% to 10% for the first 100,000 vehicles.

US farmers will also get more access to UK markets.

The White House said the deal represents a "$5 billion opportunity for new exports for US farmers, ranchers, and producers."

Trump's 10% tariff — still in effect for most countries — will remain in place for the UK.

India

Vice President JD Vance said on May 1 that a US-India trade deal would "be among the first deals" the administration will reach.

"Pretty soon," Vance told Fox News anchor Bret Baier.

Vance traveled to India for four days in April and spent significant time with Indian Prime Minister Narendra Modi.

Trump announced a 27% tariff on Indian goods at the White House as part of his "Liberation Day" celebration. His 90-day pause on those tariffs ends on July 9.

As a large purchaser of Venezuelan oil, India could also face additional US tariffs.

Vietnam

Vietnam's top trade negotiator Nguyen Hong Dien on May 7 urged his country's businesses to be "proactive" in doing more business with the US.

Greer, according to a Bloomberg News report, told Dien during a March meeting in Washington that Vietnam needed to do more to lower the US trade deficit. The US deficit was $123.5 billion in 2024, an 18% increase from the previous year.

Trump imposed a 46% tariff on Vietnam as part of his "Liberation Day" announcement — it, too, is subject to the 90-day pause.

European Union

European Trade Commissioner Maros Sefcovic said on May 6 that the European Union will release more details about potential countermeasures should talks with Trump fail.

"Negotiations clearly come first but not at any cost," Sefcovic told reporters, per NBC News.

In April, Italian Prime Minister Giorgia Meloni became the first European leader to visit Washington after Trump roiled global markets with his "Liberation Day" tariffs. At the time, both she and Trump spoke positively of a potential deal.

Tesla CEO Elon Musk said in April that he hoped to see a "free trade zone" between the US and Europe.

Japan

Trump said on April 30 that he had "potential deals" with Japan, India, and South Korea.

Ryosei Akazawa, Japan's chief negotiator, told reporters a few days later that he and his US counterparts had "concrete discussions."

"There are still many issues that need to be addressed and resolved before a final agreement can be reached," Akazawa said.

Trump imposed a 24% tariff on Japanese goods before announcing his 90-day pause.

South Korea

South Korea sent representatives to the US early on, but it's unlikely to be one of the first countries to strike a deal.

That's because South Korea is holding snap elections on June 3. A senior government official previously told Reuters that no deal would come before the election.

• A new poll found that Americans want businesses to display how much tariffs are raising prices.
• The White House torched Amazon when it was reported that the online retailer was considering doing so.
• Amazon later denied that it was ever going to display the cost of tariffs next to each item.

Americans want to know how much President Donald Trump's trade war is raising the prices.

The White House lambasted Amazon when it was reported that the online retailer might display the cost of tariffs next to individual products. (Amazon later denied the news report, but a firestorm had already begun.)

"This is a hostile and political act by Amazon," White House press secretary Karoline Leavitt said in response to the report.

According to the latest Economist/YouGov poll, a majority of Americans want that very type of price transparency. The poll found that 61% of US adults agree that businesses "should display how much of a purchase price goes toward paying tariffs."

Broken down, 80% of Democrats, 61% of independents, and 42% of Republicans agreed that businesses should display tariff price transparency.

Leaders of major companies, including Walmart, Mattel, Conagra, and Best Buy, have said they could raise prices in response to Trump's "Liberation Day" tariffs. Economists expect that cars, food, toys, and other goods will become more expensive.

At times, Trump and the White House have said that temporary price increases are part of the necessary pain needed for a trade policy that returns more manufacturing to the US. The president has said that children have too many toys and should be content with "two dolls instead of 30 dolls."

Trump has said the US is nearing trade agreements with some countries. On Tuesday, Treasury Secretary Scott Bessent testified to Congress that talks haven't even begun with China. The US is imposing a 145% tariff on Chinese goods. Beijing has said it would welcome discussions but is also prepared to stomach a lengthy trade war if necessary.

In the meantime, Trump's approval rating has taken a significant hit. Polls also show that Americans have also soured on his handling of the economy.

The Economist-YouGov poll found Trump has a -10 percentage point net approval, which is higher than Nate Silver's weighted average (-7.3) and RealClearPolitics' average (-5.9).

If the political situation doesn't improve, Republicans could face an onslaught in the 2026 midterm elections.

The Economist-YouGov poll surveyed 1850 respondents selected from YouGov's opt-in panel from May 2nd through May 5. The respondents are US citizens 18 and older. Their responses were weighted by several factors, including gender, age, race, education, and 2024 election turnout and vote. The overall margin of error is plus/minus 3.4 percentage points. The entire methodology and topline responses are available here.

• Canadian Prime Minister Mark Carney put in blunt terms that his country is not for sale.
• "There are some places that are never for sale," Carney told President Donald Trump.
• Trump refused to fully close the door to making Canada the 51st state.

Canadian Prime Minister Mark Carney on Tuesday repeatedly told President Donald Trump that the True North will remain strong, free, and most importantly, not for sale.

"As you know from real estate, there are some places that are never for sale," Carney told Trump in the Oval Office as reporters looked on.

"That's true," Trump responded, though he later added, to "never say never."

Carney, who cut his teeth as a central banker, is fresh off his party's strong federal election win in a contest that Trump upended by musing about making Canada the 51st state of the United States. During the public portion of their meeting, Carney repeatedly sought to explain his positions through the lens of real estate, Trump's first business, and properties that would never be for sale.

"We're sitting in one right now," he said. "You know, Buckingham Palace, that you visited as well. And having met with the owners of Canada over the course of the campaign the last several months, it's not for sale and won't be for sale ever. But the opportunity is the partnership and what we can build together."

Canada is also among a wide range of nations, including long-time US allies, currently subject to Trump's tariffs. Both Trump and Carney said the US-Mexico-Canada Agreement (USMCA), Trump's first-term rewrite of the North American Free Trade Agreement, would need to be reopened again. In the meantime, Trump did not sound ready to cut a bilateral deal with Canada.

When a reporter asked the president if there was anything Carney could say in the meeting to get Trump to immediately lift tariffs on Canadian goods, he responded, "No."

Trump compared the US to "a super luxury store," arguing that trade partners are gaining far more from the US market than they offer in return.

Top White House and administration officials, including Treasury Secretary Scott Bessent, have suggested that the first major trade deal could come as soon as this week. Trump indicated he will only give his sign-off when he's confident in what the US will receive in return.

"Everyone says, 'When, when, when are you going to sign deals?' We don't have to sign deals. We could sign 25 deals right now, Howard, if we wanted," Trump said on Tuesday, motioning to Commerce Secretary Howard Lutnick. "We don't have to sign deals. They have to sign deals with us. They want a piece of our market. We don't want a piece of their market, we don't care about their market."

Trump said at "some point over the next two weeks" he will sit down with Bessent, Lutnick, and others on his trade team to discuss whether to accept the offers made thus far.

Shares on Wall Street, which briefly went higher after Trump promised a major announcement only to clarify that it was not necessarily trade-related, sank even lower after the press were ushered out of the room so Trump's meeting with Carney could continue.

• Warren Buffett announced he is stepping down as Berkshire Hathaway's CEO at the end of the year.
• He has recommended that Greg Abel, a vice chair at the company, succeed him.
• Tributes have been pouring in from business leaders such as Bill Gates, Mark Cuban, and Tim Cook.

Warren Buffett said he would step down as Berkshire Hathaway's CEO after 55 years, eliciting tributes from investors and business leaders.

Buffett, 94, made the announcement on Saturday during the company's annual shareholder meeting in Omaha, Nebraska. The crowd gave Buffett two standing ovations, acknowledging his career as the longest-serving chief executive of an S&P 500 company.

He said he intended to step down at the end of 2025 and recommended to the board of directors that Greg Abel, now a vice chair at the company, take over as CEO.

Buffett has remained an enduring force as an investor and businessman since purchasing Berkshire Hathaway in 1965, then a New England textile mill, and transforming it into a $1 trillion conglomerate that spans multiple industries.

Following Buffett's announcement, business leaders from across the globe shared tributes.

Bill Gates

In a statement to Business Insider, Microsoft cofounder Bill Gates called Buffett "one of the greatest CEOs ever" and "hands-down the most successful investor of all time."

Buffett and Gates have been friends for 30 years, meeting in the 1990s. They have worked together on philanthropic efforts for decades, though their friendship has cooled in recent years.

"He has built an extraordinary company in Berkshire Hathaway, and he's done it with wisdom, integrity, and a phenomenal sense of humor. But Warren hasn't been satisfied with setting an example as a businessman. When he decided to give his wealth back to society, he set an example as a philanthropist, too. His legacy will inspire generations to come," Gates said.

Tim Cook

The Apple CEO praised Buffett in an X post on Saturday.

"There's never been someone like Warren," Cook wrote. "It's been one of the great privileges of my life to know him. And there's no question that Warren is leaving Berkshire in great hands with Greg."

Jamie Dimon

Dimon, the chief executive of JPMorgan Chase and a fixture of Wall Street, praised Buffett in a message after the investor's big announcement.

"Warren Buffett represents everything that is good about American capitalism and America itself — investing in the growth of our nation and its businesses with integrity, optimism, and common sense," he said, per Reuters. "I've learned so much from him to this very day, and I am honored to call him a friend."

Brian Moynihan

Bank of America Chair and CEO Brian Moynihan told Business Insider that Buffett "has achieved unparalleled success over a seven-decade-plus career."

Bank of America was one of Berkshire Hathaway's largest holdings before it began to sell shares last year.

"Beyond his business success, his unprecedented philanthropic giving continues to be an example to follow," Moynihan told BI over email. "His life lessons delivered to young and old are as valuable as his business acumen. I have personally learned so much from him and look forward to continuing to benefit from his insights. He has been a tremendous supporter and investor in Bank of America and our nation's economy and the innovative spirit of the United States."

Bill Ackman

Bill Ackman, the billionaire CEO of Pershing Square Capital Management, said on Monday he "wouldn't bet against Berkshire."

"I think they will be a little bit more aggressive about buying back stock. I don't see Berkshire waking up in six months and Berkshire announcing $100 billion acquisition," Ackman told CNBC's "Squawk Box."

The billionaire hedge fund manager said that Buffett's replacement, Greg Abel, "is a superb operator" who nonetheless may be cautious early on.

"I think the new CEO will be and the new board, not the new board, the current new CEO and the current board will be a little bit more careful on the first deals because if Berkshire's first deal turns out not to be a good one, you know, I think that the market will kind of frown upon that," Ackman said. "But I think the business will do very well."

Bill Gross

Billionaire investor and PIMCO cofounder Bill Gross told Business Insider via email that Buffett's vision set him apart from other investors.

"His vision was not limited to an optimistic vision of the future," Gross told BI. "Through his insurance holdings that by their structure allowed for the investment of premiums at a near zero cost into higher returning assets such as Coke, AMEX and Apple and in so doing he created a spread which over time led to billions and the recognition not just as a stock picker but as a financial structural wizard."

Gross also congratulated Buffett and recalled on X the first time his firm gave Berkshire one of its first loans in the mid '70s.

"I knew nothing about insurance and candy stores but was sold by his long-term vision of the economy and markets," Gross wrote. "Congratulations my friend — not just on the numbers — but on the philanthropy and the years. Having a cherry Coke with you was a highlight of my career."

Mark Cuban

Cuban told Business Insider in an email that Buffett was his "investing hero" and shared a photo of him with the investing legend at a Dairy Queen in Omaha.

"We used to go to DQ in Omaha," Cuban wrote. "It was the highlight of my year."

Following the announcement, Cuban also reposted on X a video showing Buffett receiving a standing ovation during the annual Berkshire Hathaway meeting.

Spencer Hakimian

Hakimian, the founder of Tolou Capital Management, shared a video on X of Buffett receiving a standing ovation from the crowd at Berkshire Hathaway's annual meeting.

"Curtain call for the captain," Hakimian wrote.

Ron Olson

Olson, a Berkshire Hathaway board member, told CNBC that Buffett has "lived a life full of surprises. Very few of his decisions have been anything but sensational. I am very anxious to see Warren become the Charlie Munger for Greg Abel."

Olson also believed Abel "is ready" for the role.

"I have no doubt about that. We've known it for a long time," Olson told the outlet.

French Hill

The Arkansas GOP congressman and former businessman told CNBC that Buffett, Abel, and Berkshire Hathaway's board "have done a magnificent job over the last decade preparing shareholders for today."

Hill added that he's admired Buffett since his college days.

"When I got out of government in 1993 and went back to the private sector in investment management, it was Warren Buffett who was my role model — a man I've never personally met, but I've admired all these years," Hill told the outlet.

Stephen Squeri

The chairman and CEO of American Express told Business Insider via email that Buffett "has had one of the most storied careers in the history of American business."

Squeri added that Buffett's "vision and deep sense of responsibility to shareholders is unmatched, and his humility and humor are rare qualities in a leader that have made working with Warren a delight."

He added that American Express, in which Berkshire Hathaway holds a minority stake, looks forward to "continuing to work with Greg as he builds upon Warren's legacy."

Seth Klarman

The CEO of the Baupost Group hedge fund told BI over email that Buffett ran an "investment marathon" for decades and excelled in all conditions.

"But he is more than an investor — he is a visionary business leader, teacher, role model, and philanthropist. I've always seen him as a mentor, and I suspect he'll keep contributing in all of these spheres far into the future. There will be no other like him!"

Howard Marks

The co-chairman of Oaktree Capital Management told BI in an email that it is "impossible" for anyone to measure up to Buffett.

"He is the single most influential investor of all time — the Isaac Newton of investing," Marks said.

"He says when he started in the early 1950s, he was able to buy dollars for 50 cents — and he makes it sound easy," Marks added. "But the thing is, even if the opportunities were there, nobody else did it. There weren't multiple Warren Buffetts."

Jim Cramer

Jim Cramer, the host of the CNBC show "Mad Money," called Buffett "our only G.O.A.T." in an X post on Sunday.

"In awe of Buffett and congratulate him on the greatest run of all time," Cramer wrote.

• President Donald Trump said earlier this week that the stock market was Joe Biden's fault.
• Days later, Wall Street is thriving again.
• Trump is going to have a hard time trying to claim any credit for it.

President Donald Trump couldn't bear a few days of bad headlines.

On Wednesday morning, his 101st day in office, Trump blamed Biden for the volatile market. "This is Biden's Stock Market, not Trump's. I didn't take over until January 20th," he wrote on Truth Social.

Not three full days later, Wall Street is soaring again.

On Friday, the S&P 500 erased its losses since Trump's "Liberation Day" tariffs sent global markets into a tailspin. The market index is now nearing its best stretch since November 2004, so long ago that Trump was still a Democrat. The Dow Jones Industrial Average closed up over 560 points.

Stocks rose after a better-than-expected jobs report. Meta and Microsoft's respective earnings as renewed faith in the tech sector. Neither development is really tied to Trump. Economists said the economy was in a good place before Trump's tariffs led many market watchers to increase the chances of a recession.

Earlier this week, Trump celebrated his first 100 days in office with some ignominious records. Among them, his first 100 days coincided with the worst performance for the S&P 500 and the Dow since President Nixon.

Trump blamed Biden, arguing that the market's low performance was not his fault. In comments to reporters later on Wednesday, Trump also said it might be his predecessor's fault if the GDP dropped again in the second quarter. This was Trump's White House, he argued, but still Biden's economy.

Even some of Trump's most ardent allies didn't buy it.

"What's that old expression? Don't piss down my back and tell me it's raining? Well that applies here," Barstool Sports founder Dave Portnoy wrote on X. "The stock market is a direct reflection of Trumps 1st 100 days in office."

And now, if Trump tries to share in the rebound's success, it will sound like a bunch of, well, malarkey.

He may be wise to wait now, more tariffs are coming this weekend, a potential supply crunch is around the corner, and the 90-day pause ends in July.

Biden's stock market can't keep this up forever.

• Stephen Miller said that Americans won't pay more to buy a car as a result of tariffs.
• Miller said that Trump's trade policies have incentivized automakers to boost domestic manufacturing.
• Ford's top executive recently said he could not promise consumers wouldn't pay more.

Americans won't pay more to buy a car as a result of President Donald Trump's tariffs, the White House said on Thursday.

"No, not on cars they won't," White House deputy chief of staff Stephen Miller said in response to a question of whether consumers might have to pay more to buy a vehicle as automakers adjust their production to account for Trump's tariffs.

"Because again, there is now a massive economic incentive for automobile producers to expand production in the United States, and whatever they make here, there will be no tariff," he added.

Consumers appear skeptical. Dealers are reporting a surge in demand as customers try to lock in a deal before potential changes.

Economists aren't as convinced either.

Anderson Economic Group, a Michigan-based consultant firm, estimates that even the least impacted vehicles could still see a tariff burden above $2,000. Some vehicles, according to their estimates, could have a tariff burden of up to $12,000. The exact estimate varies on whether the vehicle is assembled in the US and the percentage of American-made parts that go into it.

"If you are in the market for a new car and you find one you like, my advice is to buy it right away. If you have a used car you rely upon, my advice is to make sure it is well maintained as you are likely to use it for a while longer than you had earlier planned," said Patrick L. Anderson, the group's principle and CEO, said in a news release.

Here's what the nation's largest automakers have said about tariffs and whether they'll raise prices.

GM

CEO Mary Bara said that tariffs could cost General Motors up to $5 billion. As for consumers, she said that the leader in U.S. auto sales will "stay competitive."

"We have been able to maintain strong pricing and low incentives because customers want our vehicles," Bara told CNN. "What we've said and what we have provided in our guidance is that pricing is going to stay about at the same levels of what it is."

Bara also did not outline any plans for GM to offer incentives along the lines of Ford's employee pricing promotion. She said that pricing in the auto industry changes "at least monthly and sometimes more frequently" and that GM would "respond to the market" to remain competitive.

As for tariffs overall, Bara said one of the best ways GM can respond is to continue to boost the portion of each vehicle that is made in the US.

Toyota

Toyota, the US's second-best-selling automaker, is significantly exposed to tariffs.

A UBS Securities report published at the outset of Trump's trade war said that tariffs could cost Japan's five biggest automakers $25 billion a year, mostly borne by Toyota, the world's largest automaker.

Toyota is expected to benefit from Trump's decision on April 29 to rein in some of his auto tariffs. One of those orders allows automakers to claim an offset on auto parts tariffs if they produce and sell completed vehicles in the US. Toyota, like many of its competitors, imports parts that are then assembled into completed vehicles at its US-based plants.

In late March, Reuters cited Japanese domestic media reports that Toyota did not plan on raising prices in response to tariffs.

A Toyota spokesperson declined further comment to Business Insider.

Ford

On Wednesday, Ford CEO Jim Farley said he couldn't promise that US consumers wouldn't pay more to buy his company's vehicles.

"No, I'm not saying that," Farley told CNN's Erin Burnett when she asked if he would commit to saying there would be no price increases from Ford this summer.

Instead, Farley announced that Ford, the nation's third-best-selling automaker, will extend its current sale, which offers employee pricing to consumers through July 4.

Hyundai

Hyundai CEO Jose Muñoz recently said that he expected prices to remain steady.

"I don't expect to see a huge increase overnight," Muñoz told Bloomberg News on April 15. "The market will decide."

Muñoz said that if price increases were to occur, they would likely not be imposed on lower-cost entry-model vehicles.

"Those customers are very sensitive to price," he said. "If you do that then maybe they won't buy the cars."

Hyundai and its sibling Kia were the fourth best-selling automaker in the US in 2024.

Honda

Honda said early on that Trump's tariffs could have a significant effect on its bottom line.

Global executive vice president Shinji Aoyama told analysts in February that a 25% tariff could cost the company $132.7 billion.

The fifth-best-selling automaker in the US has since shifted production of its Civic Hybrid from Japan to the US.

Stellantis

A historic member of Detroit's Big 3, Stellantis, formerly known as Chrysler, has also not said much about its tariff response.

At a high level, Jeep and Dodge's parent company withdrew its 2025 financial guidance due to uncertainty around tariff policy.

Like Ford, Stellantis has extended its employee pricing offering. According to The Detroit News, the program will now run through early June.

• Elon Musk said that President Donald Trump asked him to stay in the Lincoln bedroom.
• Musk said that the president has also offered him some ice cream.
• The moments show just how close Trump has grown to the world's richest man and his biggest backer.

Elon Musk said he is so close to President Donald Trump that Trump has asked him to stay in one of the most historic rooms in the White House.

"We'll be on Air Force One or Marine One and he's like, 'Hey do you want to stay over?' I'm like, 'Sure,' and he sends me to the Lincoln Bedroom," Musk told a small group reporters on Wednesday night. "I haven't requested it — to be clear."

Musk, who is Trump's self-described "first buddy," has said that he will scale back his time in Washington so he can devote more time to Tesla, his signature company that has borne of the backlash to Musk's de facto leadership of the White House DOGE office.

In the same interview, Musk spoke candidly about the DOGE office's struggles.

At Trump's invitation, Musk has also eaten a lot of ice cream from the White House kitchen.

Trump has repeatedly said that he has grown close to Musk, the world's richest man who spent over $290 million on the 2024 election, most of which went to helping Trump retake the White House.

The Lincoln Bedroom features a massive rosewood bed that Mary Todd Lincoln is believed to have purchased in 1861, according to The White House Historical Society. In 1945, President Truman placed the bed in what had been President Lincoln's office and formally renamed the room after the 16th president. The White House currently displays a handwritten copy of President Lincoln's famous Gettysburg address.

President Clinton sparked a scandal in the 1990s when it was reported that top donors later received the privilege of spending a night in the room. Clinton White House documents later revealed that scores of celebrities, including Steven Spielberg, Steve Jobs, Jane Fonda, and famed executive Lee Iacocca, also spent nights in the room during Clinton's time in office.

• Sundar Pichai warned that people's privacy could be at risk if Google is forced to sell search data.
• The Alphabet CEO testified in an antitrust case that could force Google to sell Chrome and share data.
• Pichai also played up the competition Google faces from AI chatbots like OpenAI's ChatGPT.

Alphabet CEO Sundar Pichai said he has "a lot of concerns around privacy" if Google is forced to sell some of the data it collects to create its search results.

Google and the Department of Justice are in the midst of a three-week court battle in Washington, DC, that could result in a massive shake-up of the $1.8 trillion tech giant.

Pichai testified in Google's monopoly case on Wednesday. US District Judge Amit Mehta ruled in August that Google's online search business violated US antitrust law and will ultimately determine Google's fate.

One of the remedies the Justice Department is seeking would require Google to sell its Chrome browser and share some of the data.

Asked about how the government's proposed remedy would affect Google's business, Pichai warned about the impact on people's search data.

"People search in Google in their most vulnerable moments, and there seems to be no privacy protections," he said, calling the proposal on data sharing "so far-reaching, so extraordinary.

"All of the years of R and D and all the years we have put into the product, it feels like a full divestiture," he said.

Pichai also expressed concerns about how a potential future competitor would secure users' info, stressing that no one has done more than Google to safeguard its user data over the years.

Justice Department attorney Veronica Onyemar said that Google was accused back in 2011 of violating consumers' privacy when it launched its social network. Google and the government settled that case.

"I haven't seen any other company come close to making the type of investments that we do," Pichai said.

Onyemar poked at Pichai's concern about the government's request by pointing to Google's compliance with Europe's Digital Markets Act. Under the sweeping tech law, Google is required to share some search data with small competitors.

In response, Pichai said Europe's requirements are "very different from how it is in the plaintiffs' proposal."

The DOJ returned to the Digital Markets Act, which the Trump White House has taken issue with, to undermine Pichai's claim that Google would reconsider its robust investment in research and development if the company is forced to give up closely-guarded data.

Pichai responded that the DMA's complex requirements have forced European users to wait for the latest developments.

"In Europe today, there are many features that we launch a year later than we launch in the US," he said.

Earlier, Pichai was asked about the threat of AI chatbots to Google search. The Justice Department has argued that the company could use its AI products to bolster its dominance in search by using its powerful search data.

Pichai's point was that Google's dominance is by no means assured. He said the field is wide open in Gen AI, with OpenAI's Chat GPT in the leading position, plus more entrants than he can keep track of.

"In terms of the consumer Gemini app, we've made a lot of progress. It is a popular app," he said. "I am pleased with the progress, but we have a big gap between us and the market leader in the space."

These are the faces behind President Donald Trump's unprecedented first 100 days.

Whether they're a familiar image on TV screens or shy away from the spotlight, these 14 people have played a crucial role in authoring the deluge of executive orders and policies that have eroded norms, upended global markets, and laid the foundation for Trump's second term.

They have championed many of the policies reorienting America today: tariffs, deportations, federal worker firings, and budget cuts. Others drive the Trump brand, shaping media and public perception of the administration as it rolls out an agenda at lightning speed.

"President Trump has assembled an exceptional team dedicated to Making America Great Again," Assistant Press Secretary Liz Huston said. "Under his leadership, the Cabinet and White House officials are united in their mission to usher in a new Golden Age in America."

Love it or hate it, the 14 people on this list are behind it all, in alphabetical order.

Scott Bessent

Call him the market whisperer. A former hedge fund manager who now finds himself as the Treasury secretary at the center of the US's most complex trade negotiations in decades. Wall Street counts him as a moderating influence, and shares tend to go up when Bessent speaks. But Trump is a protectionist at heart, and it remains to be seen if Bessent's relatively trade-friendly views will win out.

Pam Bondi

Bondi is among a handful of the president's personal lawyers who now wield power. As US attorney general, she's made it a point to go after "domestic terrorists" attacking Tesla dealerships. Following Trump's lead, Bondi has directed prosecutors to seek the death penalty against Luigi Mangione, who is charged with shooting UnitedHealthcare CEO Brian Thompson. She praised the DOJ's landmark antitrust victory over Google, though it remains to be seen how she'll handle Big Tech going forward.

Tom Homan

The official White House border czar, Homan is the man behind mass deportations. He has defended sending alleged gang members to El Salvador, and promised "another flight every day" of migrants being sent out of the country in an interview in March. Homan worked at ICE under former President Barack Obama and during Trump's first term, and is listed as a contributor to conservative road map Project 2025.

Mike Johnson

As Speaker of the House, Johnson owes his gavel to Trump. The first 100 days will look easy in comparison to what lies ahead. The easiest part will likely be trying to codify some of the White House's DOGE office's cuts into laws. Johnson will face a taller order in trying to squeeze Trump's sweeping tax cuts and immigration plans through a narrowly controlled chamber. Thus far, Johnson has faced down internal dissent over Trump's tariffs.

Robert F. Kennedy Jr.

Many might know RFK Jr. as a vaccine skeptic or the face behind Make America Healthy Again, but he's also floated big cuts in his role as health secretary. Proposed changes at the FDA, CDC, and NIH could influence programs like HIV/AIDs prevention and food facility inspections. RFK Jr. recently directed all food companies to remove synthetic dyes from their products by 2027, and he's criticized other private sector industries, like weight-loss drugs.

Karoline Leavitt

As the youngest White House press secretary, Leavitt, 27, is often the public face of the second Trump administration's policies. She's known to spar with reporters during press briefings, particularly when it comes to thornier subjects like tariffs and immigration. The sometimes-combative dynamic was on display when talking about the deportation of Kilmar Abrego Garcia, a Maryland man: "Based on the sensationalism of many of the people in this room, you would think we deported a candidate for Father of the Year."

Howard Lutnick

A Wall Street billionaire, Lutnick is Trump's secretary of commerce and a big tariff advocate. He called for reciprocal tariffs during his confirmation hearings and has accused other nations of ripping America off. Unlike Bessent, his counterpart at Treasury, Lutnick is much more loquacious in his TV appearances, and not always to the White House's benefit. He urged Americans not to worry about a recession even as Trump was conceding that tariffs might bring short-term pain.

Stephen Miller

As White House deputy chief of staff, Miller is again the point man of Trump's immigration policy, though he's considerably more powerful than during the president's first term. Miller has helped lead Trump's ramp-up of deportations and invocation of the 1798 Alien Enemies Act. Outside immigration, Miller has taken an active role in Trump's clashes with Big Law.

Elon Musk

The de facto leader of the White House DOGE office has wielded unmatched power at the center of the administration's efforts to slash the federal workforce. He has retained his brazen persona, speaking his mind more openly than many conventional political appointees. Musk has criticized Trump's tariffs, dismissed a fellow White House advisor as "a moron," and went so far as to suggest that Social Security is a "Ponzi scheme." Faced with Tesla investor backlash, Musk has signaled that he will be stepping back from DOGE.

Peter Navarro

One of Trump's top trade advisors, Navarro is the mastermind behind the tariffs that have scrambled markets and global trade. He was a fixture in Trump's first term and has been a long-time hawk on trade with countries like China. He has returned with his protectionist, anti-trade policies after a stint in jail for refusing to comply with a subpoena from the January 6 committee. When announcing Navarro's appointment, Trump said he "was treated horribly by the Deep State." Navarro has publicly clashed with Musk over tariffs.

Marco Rubio

Senate Democrats hoped their former colleague would moderate Trump's foreign policy as secretary of state. Rubio has instead presided over a dramatic reduction in the size and scope of the State Department, starting with the US Agency for International Development, which Musk described as having been fed "into the wood chipper." Rubio has been vocal on immigration, defending actions like deporting migrants to El Salvador and canceling student visas for people he said were engaged in pro-Palestinian protests (some visas have been reinstated). As the nation's top diplomat, Rubio has put pressure on Ukraine to accept a peace deal with Russia.

JD Vance

Trump's second-in-command has wasted little time staking out his role. Vance has welcomed the fight and dismissed the concerns of fellow Republicans deemed insufficiently loyal to Trump. The vice president has served as the face of a Euro-skeptic White House. "Have you said thank you once?" Vance asked Ukrainian President Volodymyr Zelenskyy before an Oval Office visit went off the rails.

Russell Vought

Though Vought served in Trump's first administration, he's perhaps best known as one of the key authors of Project 2025. Trump has tried to distance himself from the playbook, but many of its priorities echo in his agenda so far: firing federal employees, mass deportations, and abolishing the Education Department, to name a few. Vought is the director of the Office of Management and Budget and helps carry out the DOGE agenda.

Susie Wiles

The first woman to serve as a president's chief of staff, Wiles largely stays out of the spotlight but plays a big role wrangling the many dueling personalities in Trump's orbit — Mac Stipanovich, a longtime Florida operative, told Politico that "she is an expert in unstable, dysfunctional, famous men." Wiles has been a part of Trump's inner circle for years. Level-headed and controlled, she keeps the administration's machinery running.

• Uber CEO Dara Khosrowshahi revealed that he drives a Tesla.
• "Great car," Khosrowshahi said while praising the vehicle's self-driving capabilities.
• As for his company, Khosrowshahi isn't worried about Tesla robotaxis.

Uber CEO Dara Khosrowshahi said on Friday that he isn't sweating Elon Musk's robotaxis.

"I don't think that there will be a winner-take-all," Khosrowshahi told Semafor editor-in-chief Ben Smith during the publication's World Economic Summit in Washington.

"The drama is winner-take-all, but I think that the transportation industry is a trillion-plus-dollar industry," he said. "You could argue that rideshare is going to finally beat personal car ownership in a world where you've got robots driving all over the place, so I think there will be plenty of room in the industry."

Khosrowshahi said Uber would "love to work with" Musk's company. He also revealed that he owns a Tesla.

"Great car," Khosrowshahi said.

Asked if he has tried full self-driving, Khosrowshahi responded, "It is delightful, but I have to take over every once in a while. It is an absolutely great product. Again, the car is a terrific car."

Musk isn't playing as nicely with his competitors in the autonomous taxi space. Earlier this week, Musk took a shot at Waymo during Tesla's Q1 earnings call.

Musk said the problem with Alphabet's robotaxis is that they cost "way mo' money."

Waymo's ex-CEO brushed off the insult.

"Tesla has never competed with Waymo — they've never sold a robotaxi ride to a public rider, but they've sold a lot of cars," John Krafcik said in an email to Business Insider.

Uber and Waymo are partnering on autonomous ride-hailing in Austin and Atlanta. Tesla is aiming to roll out a "pilot" robotaxi service in Austin in June.

• President Donald Trump said he wouldn't mind paying more in taxes.
• According to his past returns and previous reports, he's paid relatively little for decades.
• In 2017, he paid $750 in federal income taxes.

President Donald Trump said he wouldn't mind paying more in taxes himself, but he's not entirely convinced that congressional Republicans should raise taxes on millionaires.

"Well, I'll tell ya, I certainly don't mind having a tax increase," Trump told Time Magazine in a wide-ranging interview published on Friday.

Trump said the reason he is hesitant about such a policy is because of how much political heat President George H.W. Bush took for agreeing to a deal with congressional Democrats that violated his pledge to, "Read my lips: no new taxes."

Unlike many fellow Republicans, Trump said he supported the general concept of forcing the wealthy to pay more to benefit the middle class.

"I'd be raising them on wealthy to take care of middle class. And that's—I love, that," Trump said. "I actually love the concept, but I don't want it to be used against me politically, because I've seen people lose elections for less, especially with the fake news."

According to Time, Trump made his comments on Tuesday. A day later, it appeared the president had drastically changed his tune on the subject.

"I think it would be very disruptive, because a lot of the millionaires would leave the country," Trump told reporters in the Oval Office on Wednesday. "The old days, they left states. They go from one state to the other. Now with transportation so quick and so easy, they leave countries."

Trump said the US would "lose a lot of money" if it raised taxes on millionaires.

"And other countries that have done it have lost a lot of people," he said. "They lose their wealthy people. That would be bad, because the wealthy people pay the tax."

A White House spokesperson did not immediately respond to a request to explain the apparent discrepancy in Trump's comments.

Republicans on Capitol Hill are reportedly considering raising taxes on the highest earners to help cover the cost of Trump's sweeping tax cut and immigration legislation, which the president has called his one "big, beautiful bill." Republicans are using a special procedural power that would allow them to pass the bill without the support of a single Democratic vote. It also means that with slim majorities in both houses, Trump and Republican leaders can only afford to lose a few votes.

Trump's previous tax returns show that he has paid little in federal taxes in many years. Over his strong objections, House Democrats in 2022 publicly released six years' worth of Trump's returns. The documents showed that Trump paid $750 in federal income taxes in 2017 and no tax in 2020. Some of the details of Trump's returns were previously revealed by The New York Times, which obtained over two decades of Trump's financial data. According to the Times, Trump paid $0 in income tax in 10 of the 15 years before he was first elected as president.

Trump's fortune has grown considerably since then. Forbes estimates his real-time net worth to be $5.2 billion, almost entirely attributable to his trust's stake in the parent company of Truth Social, the social network he launched after leaving office.

Former White House advisor Steve Bannon, who remains close to Trump, previously said he was for raising taxes, even the corporate tax rate.

"I'm for a dramatic increase in corporate taxes," Bannon recently told Semafor. "We have to increase taxes on the wealthy."

• President Donald Trump's family business is cashing in on the 2028 buzz.
• It would be patently unconstitutional for Trump to seek a third term.
• Trump and his allies have still mused and occasionally joked about that possibility.

President Donald Trump's family business is cashing in on his flirtation with a 2028 run, even though it's unconstitutional for him to seek the White House again.

On Thursday, the Trump Organization began selling a hat, T-shirt, and can cooler that all say Trump 2028.

"The future looks bright! Rewrite the rules with the Trump 2028 high crown hat," the item description reads for a $50 red hat.

The T-shirt, which includes the message "Rewrite the rules" is $36. A pair of can coolers is $18.

Eric Trump, pictured wearing the hat in one of the photos, wrote on X, "A wonderful compliment! #NeverSayNever," quoting a conservative commentator who said it was an obvious troll that the president would seek a third term.

Trump left the day-to-day operations of the Trump Organization to his sons, Eric and Donald Trump Jr. Trump's former campaign store continues to operate. It does not sell 2028 merchandise.

Trump has repeatedly mused about seeking a third term, which would violate the 22nd Amendment. He told NBC News last month that he was "not joking" about the possibility.

"A lot of people want me to do it," Trump said. "But, I mean, I basically tell them we have a long way to go, you know, it's very early in the administration."

Former Trump White House advisor Steve Bannon, who remains close to the president, recently told Business Insider that he is continuing to work on the details of such a run.

Trump has found unprecedented ways to profit from his public service.

During his first term, his company operated a hotel in Washington, DC. Just before his inauguration, the then-president-elect launched a meme coin. Earlier this week, the company that runs $Trump, the president's cryptocurrency, said the top 220 holders would get a dinner with the sitting president.

The White House deferred comment to the Trump Organization. A representative of the Trump Organization didn't immediately respond to a request for comment.