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The US's largest political donor plans to cut back

Elon Musk, the US’s largest political donor, plans to cut back on political campaign spending after giving more than $250m on Trump’s 2024 presidential campaign.

Elon Musk, the US’s largest political donor, plans to cut back on political spending after giving more than $250m on Trump’s 2024 presidential campaign. What will that mean for his businesses like Tesla, X and SpaceX?

In the EU, there are plans for a €2 fee on cheap parcels from China, hitting companies like Temu and Shein.

Over in Canada, the recently re-elected Liberal government says it won't release a federal budget this year.

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  • Wed 21 May 2025 00:06GMT

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