Culture, Community and Youth Minister Edwin Tong stated in parliament that it would not be in the public interest for a proposed transaction involving Income to proceed due to concerns about the company’s ability to fulfill its social mission. The government supports Income finding a strong partner for long-term financial sustainability, but the current deal lacks provisions to ensure the social mission is upheld. While the transaction will not go forward, the government is open to new arrangements as long as the issues raised are addressed, and there will be amendments to the Insurance Act to clarify MCCY’s role in such matters.
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Trump talks up Tesla in White House show of support for Musk
President Trump expressed support for labeling protesters as domestic terrorists and praised Elon Musk for doubling Tesla's vehicle output in the US within two years. Musk announced plans to produce self-driving "cyber-cab" vehicles in Texas next year. Trump declared on Truth Social that he would buy a Tesla to show support for Musk, calling him a "truly great American," despite Musk's unpopularity among ordinary Americans. Full Article
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