Technically, they ruled that he can’t do it minus some reasonable amount of urgency. He’s been allowed to continue some particular set.
(The Hill): Still, the ruling leaves room for the Trump administration to replace some of those tariffs with new ones under different U.S. laws. It would also leave tariffs in place on some imports, including cars and aluminum.
I haven’t read the decision but, given the above, I’d take it that they didn’t rule on the basis of Constitutionality. The law said that he could only act in emergencies, and (I’m guessing) they ruled that most of what he did has no applicable emergency.
It’s how they raise money. It takes vast sums to bring any of these products to market, or even to try. I worked at one that was still in the VC stage as a consultant, and it was basically five people and an investment of about $10 million to get just enough done to evaluate viability, develop a plan through R&D, pre-clinical, and then clinical trials, etc. The whole goal is to get to IPO so that the VC gets some money out (though mostly they will stay in as a shareholder) and the company gets some of the hundreds of millions they will need to build the company and start the real work.
The alternative would be private funding, but I don’t know how you’d raise hundreds of millions from a couple of private backers, given the high failure rate.
The general principle of the stock market is that it’s meant to be a space for average, dumb citizens to be able to put retirement money into “investment grade” instruments.
But, likewise, people can become an “accredited investor” and gain access to instruments that expect you to understand things and be able to wisely deal with risky instruments, without becoming a burden to the state.
If the size of the world of institutional and accredited investors isn’t large enough, you could always set up some fund on top of higher risk instruments to average out the success rate (e.g. folowing companies that were in the penny stock pharma basket for 10 years after they found success and become investment grade) or the government could step in to provide support.
Personally, I’d put my money down on the idea that where there’s a potential for profit, money will find the path. You don’t need to blur this particular line to ensure a continued flow. Some fund manager will do it and his fund will need to be “investment grade”.
Well few are thrilled with too many other places to put their money. Bonds? Safe haven US bonds are increasingly considered less of a safe haven. Corporate ones may be as risky as equity is. Cash will lose ground to inflation. Foreign equity has gone up some but trade wars don’t do them good either. Gold is already trading high. Without great cases for change I suspect most figure they will sit pat and wait whatever happens out.
“Time to drop the really big bomb: @realDonaldTrump is in the Epstein files,” Musk posted. “That is the real reason they have not been made public. Have a nice day, DJT!”
Yeah, I suppose that now that twitter & tweets don’t exist, “tweet” does become the most recognized generic term for “social media post”. Sort like if the Xerox Corporation disappeared, “xerox” would still be be a great word for “photocopy”.
I have 160 short shares of Tesla, a $250 put for June 20, and I think 170 for December. I’ve lost huge on Tesla at this point so it would be amazing just to break even but I think that’s unlikely. Still, recovering some losses would be nice and doing it on the back of a MAGA civil war would be great.
