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Exclusive: Saudi Arabia’s PIF has shown no interest in bankrolling Tesla buyout

DUBAI/RIYADH/LONDON (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) has shown no interest so far in financing Tesla Inc (TSLA.O) CEO Elon Musk’s proposed $72 billion deal to take the U.S. electric car maker private, despite acquiring a minority stake in the company this year, two sources familiar with the matter said. The 47-year-old investor and engineer stunned financial markets on Tuesday when he said on Twitter that he was considering a take-private deal for Tesla, an auto manufacturing pioneer that developed the world’s first luxury all-electric sedan car. Beyond amassing a stake of just below 5 percent …read more […]

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Rain pouring, Trump rages on Twitter and hangs with bikers

Dozens and dozens of gleaming Harleys, Hondas and other motorcycles descended on the central New Jersey property for what had been billed as an outdoor photo-op with Trump. It was a classic, chaotic Trump scene reminiscent of his ramshackle early campaign. The day began on Twitter at 8:36 a.m. with a broadside against the FBI, which Trump accused of stonewalling a public records request for former Deputy Attorney General Andrew McCabe’s text messages. …read more […]

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How Did Suicidal Ground Worker Take Alaska Air Plane? It Was Easy. 

Step inside the cockpit of an empty commercial aircraft and the pilot controls are yours. The suicide-by-plane Friday at Seattle’s Sea-Tac International Airport, which ended when a rogue airline employee crashed a stolen 76-seat turboprop into an island, has raised fresh questions about aviation security. The first hurdle was easily jumped by the Horizon Air employee who stole and then crashed a Bombardier Q400. …read more […]