US Markets Watchdog Sues Musk | LA Fire To Have Limited National Economic Impact
In a major legal move, the U.S. Securities and Exchange Commission, is suing Elon Musk, accusing the billionaire of failing to disclose his growing stake in Twitter. According to the SEC, Musk's delay in reporting his purchases allowed him to buy shares at "artificially low prices," saving him an estimated $150 million. In another development, Economists have said that devastating fires in the Los Angeles area are likely to put modest pressure on the U.S. national economy in the near term but are unlikely to derail strong forward momentum. Watch The World Report for the latest updates.
