ELON MUSK FACES CIVIL SECURITIES FRAUD SUIT OVER TWITTER PURCHASE AS HE EYES SPACEX IPO. (PHOTO).

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 Elon Musk faces civil securities fraud suit over Twitter purchase as he eyes SpaceX IPO  Since acquiring Twitter for roughly $44 billion in late 2022, Elon Musk has renamed the platform X, merged it with his artificial intelligence company xAI, and integrated both into his defense and space company, SpaceX. Musk’s next major move could be taking SpaceX public in what would likely be a record-setting IPO, but first, he is confronting legal challenges from his past. On Wednesday, Musk appeared in federal court in San Francisco to face allegations of civil securities fraud tied to his Twitter purchase. Investors filed a class action in October 2022, claiming Musk manipulated Twitter’s stock to pressure the board into selling at a lower price than initially promised. Musk’s legal team denies any intent to harm Twitter or its shareholders. During the hearing, Musk acknowledged that his tweets can affect stock prices, sometimes unpredictably, and described the market as “manic depr...
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TRUMP ADMINISTRATION TO SHUT DOWN MINNESOTA IMMIGRATION ENFORCEMENT OPERATION, SAYS HOMAN. (PHOTO).

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 Trump administration to shut down Minnesota immigration enforcement operation, says Homan


Border czar Tom Homan announced Thursday that President Donald Trump has approved ending the federal immigration enforcement surge in Minnesota, known as “Operation Metro Surge.”

Homan said the operation, which deployed thousands of U.S. Immigration and Customs Enforcement and Customs and Border Protection officers to the Twin Cities region, has “greatly reduced the number of targets for enforcement action.” Last week, Homan had already begun drawing down 700 agents, roughly a 25% reduction, leaving about 2,000 officers still in the area. The full withdrawal is expected to continue into next week.

The operation had been launched less than three weeks ago after Homan replaced Border Patrol commander Gregory Bovino to oversee the enforcement mission. The deployment came amid heightened tensions following the deaths of Renee Nicole Good and Alex Pretti, two U.S. citizens shot by federal agents in separate incidents in January, which sparked widespread protests and criticism of ICE’s aggressive approach.

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