Twitter in the hot seat again as Elon Musk faces ongoing legal battles and regulatory scrutiny tied to X/Twitter's content, AI push, and governance. Musk, tech magnate and SpaceX/Tesla founder, has steered the platform through chaos and lawsuits.
A federal judge has paused the Education Department's narrow definition of “professional degree,” temporarily preserving wider borrowing access for many advanced-health and other graduate programs ahead of caps tied to the One Big Beautiful Bill. The decision leaves the department's overall loan limits intact while litigation proceeds and the agency reviews the order. Today's time: Fri, 03 Jul 2026 16:54:31 +0100.
Culture Secretary Lisa Nandy has announced that the Department for Culture, Media and Sport will leave Elon Musk’s platform X, joining the Attorney General’s Office in suspending official posts. The move comes amid scrutiny of X’s handling of misinformation, racist content and online safety, with Ofcom investigations and past government actions raising pressure as violence and protests linked to recent incidents unfold.
The Elon Musk settlement with the U.S. Securities and Exchange Commission has been disclosed in federal court. A trust named after Musk will pay a $1.5 million civil penalty for late disclosure of a 2022 Twitter stake, while Musk’s personal claims are dismissed and no funds are recouped from him.
SpaceX has floated on Nasdaq under the ticker SPCX, raising about $75 billion at $135 a share and debuting with a market value above $2 trillion. The newly public group combines SpaceX's rocket and Starlink businesses with xAI and X. Investors have driven strong demand despite losses and questions about unproven projects such as orbital data centres and Mars plans.
Universities are racing to add AI majors and minors, with 74 AI majors and 89 minors now offered in American campuses and more programs planned this year. The rush reflects the technology’s influence on the economy, but details vary by school. Demand and career outcomes remain uncertain as programs accelerate.
The UK faces a surge in AI-generated deepfake content impersonating public figures, linked to online scams and misleading ads. Officials urge vigilance as regulators consider mandatory labeling.
Regulator Ofcom has accelerated crisis-response measures to curb illegal content online during UK crises. Platforms must deploy crisis protocols, dedicated law-enforcement channels, and post-crisis reviews as part of updated safety codes, following incidents including 2024 riots and the Southport murders.
A wave of recent reporting shows graduates face a shifting labor market as AI reshapes entry-level work. Universities strike deals with AI firms while students push back against discussions of automation. Experts urge focusing on skill-building and AI literacy to navigate the coming changes.
SpaceX has completed the largest IPO in history, raising $75 billion and listing on Nasdaq under ticker SPCX. Shares opened at $150, climbed as high as $176 and closed the first day around $160–166 in extended trading, briefly valuing the company above $2.1 trillion and making Elon Musk the world's first likely trillionaire.
SpaceX has priced the largest IPO in history at $135 per share, raising about $75 billion and valuing the company around $1.75 trillion. The debut has sparked a debate on whether the stock can sustain momentum, while Musk’s broader empire—SpaceX, Starlink, xAI—gains attention as investors weigh the long-term profitability and strategic moves.
SpaceX has gone public in the largest IPO in history, pushing Elon Musk toward trillionaire status as the company outlines ambitious plans—from data centers in space to lunar bases—while investors weigh the feasibility and risks amid a sprawling empire.
Fraud losses reached a record $15.9 billion in 2025, up 27% from 2024, with high-dollar imposter scams driving most of the damage. Imposters posing as banks and government officials lead the most costly cases, while AI tools are making scams harder to detect. Authorities urge caution and verification.
The Milwaukee Bucks have completed a blockbuster trade that sends Giannis Antetokounmpo to the Miami Heat for a package including Tyler Herro, Jaime Jaquez Jr., Kel’El Ware and Kasparas Jakucionis along with multiple draft picks and Bobby Portis. The move ends a lengthy saga and reshapes the Eastern Conference in ways that position Miami as a clear title contender.
The SAVE repayment plan has ended, affecting about 7.5 million borrowers who must choose a new plan within 90 days. New repayment options are in place, including a Repayment Assistance Plan and a Tiered Standard plan. Graduate and parent borrowers face new caps, and auto-pay rate discounts expire by 2028.
The USMNT was reduced to ten after a questionable red card for Balogun, triggering wide-ranging criticism from players and pundits amid a World Cup knockout stage push. The incident shapes preparations for the Round of 16 as fans rally behind the team’s performance so far.