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Elon Musk cannot move SEC’s Twitter lawsuit out of Washington DC, rules judge

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Elon Musk cannot move SEC’s Twitter lawsuit out of Washington DC, rules judge


Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. — Reuters

Elon Musk failed to persuade a Washington, DC federal judge to move a Securities and Exchange Commission lawsuit over his late disclosure of his growing Twitter stake to Texas, after saying he was too busy to defend himself in the nation’s capital.

US District Judge Sparkle Sooknanan said on Thursday she “takes Mr Musk’s convenience seriously,” but the world’s richest person has “considerable means” and spends at least 40% of his time outside Texas.

“Indeed,” she wrote, “Mr Musk’s brief itself indicates that he has spent substantial time here this year,” when he ran the Department of Government Efficiency.

Sooknanan also said Texas judges have bigger caseloads than in her court, and she could proceed with “reasonable alacrity.”

In seeking to move the case, Musk said he was an “incredibly busy individual” who works 80-plus hour weeks and often sleeps in the office or factory, and that litigating in Washington would impose “substantial burdens.”

Lawyers for Musk did not immediately respond to requests for comment. A spokesperson for the SEC had no comment, citing the government shutdown. Musk’s fortune surpassed $500 billion for the first time on Wednesday.

The SEC sued Musk in January, saying his 11-day delay in revealing his initial 5% Twitter stake in early 2022 let him buy more than $500 million of shares at artificially low prices.

It wants Musk to pay a civil fine and give up $150 million he allegedly saved at the expense of unsuspecting investors. Musk is seeking to dismiss the case. He bought all of Twitter for $44 billion in October 2022 and renamed it X.

Musk lives in Austin, and his companies Tesla, SpaceX and Boring tunnel business are based in Texas.

Sooknanan rejected Musk’s alternative proposal to move the SEC case to Manhattan, where former Twitter shareholders are suing him.





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Princess Anne marks milestone moment at UCL with historic Cloisters reopening

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Princess Anne marks milestone moment at UCL with historic Cloisters reopening


Princess Anne marks milestone moment at UCL with historic Cloisters reopening

Princess Anne carried out another engagement on Thursday at the historic Bloomsbury campus of University College London.

The Princess Royal made a low-key arrival at UCL to meet students, academics and staff who are helping mark a milestone moment in the university’s long history.

The visit centred on the formal reopening of the beautifully restored Wilkins Building Cloisters that forms part of the university’s original 19th-century design.

During her time on campus, Anne spoke with those involved in the restoration project and learned more about how the university is celebrating its landmark anniversary.

Anne attended the event in her role as Chancellor of the University of London.

The last time a British monarch visited the university for such a milestone was nearly a century ago, when King George V and Queen Mary attended celebrations marking UCL’s centenary in 1927.

Earlier, the horse-loving royal was also spotted arriving at the National Equine Forum at One Birdcage Walk in Westminster, a key gathering for experts across the equestrian world.

On March 3, she paid a visit to The Old Department Store, where a once-traditional high street landmark is beginning a new chapter as a bustling community hub.

The royal guest was given a tour of the revitalised building, hearing about the ambitious “High Street Reimagined” vision that aims to transform the historic space into a centre for social enterprise, collaboration, and local innovation.

One of the highlights of the visit saw the Princess Royal explore several of The Grace Network’s social enterprise ventures operating within the space. 





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Here’s what it plans to do

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Here’s what it plans to do


China’s next five-year strategy is out: Here’s what it plans to do 

China has unveiled its ambitious new five-year plan that focuses heavily on artificial intelligence as leaders aim to secure an edge in an intensifying rivalry with the United States.

The five year plan was released at the opening session of the National People’s Congress, calling for sweeping adoption of AI across multiple sectors including manufacturing, healthcare, education, and logistics.

The 141-page blueprint introduces a broad “AI+ action plan” focusing on integrating technology throughout the Chinese economy.

Premier Li Qiang pointed out that technology as a pillar of what China terms “new quality productive forces,” suggesting a stronger emphasis than in earlier policy outlines.

The government made clear that it will pursue “decisive breakthroughs in key core technologies” and seize the “commanding heights” of global innovation.

Major focused fields include quantum computing, 6G telecommunications, humanoid robots, nuclear fusion and brain-computer interfaces.

In the next five years, China aims to reduce reliance on foreign technology specially advanced semiconductors due to rising trade tensions with the U.S.

Beside technology, the government also announced a 7 & increase in defense budget for 2026.





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Former "Survivor" winner Savannah Louie on her elimination from season 50

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Former "Survivor" winner Savannah Louie on her elimination from season 50



Savannah Louie, who won season 49 of “Survivor,” talks about her early elimination from the show’s 50th season, challenges she faced as a former winner and the lesson she took away from the game.



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