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Elon Musk Says He ‘Got Carried Away’ in Politics During His DOGE Tenure but Still Defends the Record

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Elon Musk

Elon Musk said in a new interview published Thursday that he became too deeply involved in politics during his time leading the Department of Government Efficiency, offering one of his most direct personal reflections yet on his brief but turbulent tenure inside the Trump administration, even as he continued to defend the agency’s overall record.

Speaking with The Economist’s “Insider” program, hosted by Zanny Minton Beddoes, Musk acknowledged that his political involvement went further than he had anticipated. “I think I got a little too involved in politics. I got carried away, frankly,” Musk said. He offered few specifics about which particular actions or decisions he might reconsider.

What DOGE did

President Donald Trump created the Department of Government Efficiency by executive order on his first day back in office, tapping Musk, who had poured hundreds of millions of dollars into Trump’s 2024 campaign, to serve as the entity’s unelected director. Under Musk’s leadership, DOGE launched a sweeping effort to cut federal spending and personnel, ultimately pushing more than 272,000 federal employees out of their jobs through direct firings and a deferred resignation program that nearly 140,000 workers accepted.

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DOGE staffers also moved to terminate funding for a range of federal grant programs covering health research, arts initiatives and other government-funded projects, in many cases citing internal assessments that identified those programs as tied to diversity, equity and inclusion efforts. The agency’s cuts also extended to core services, including reductions affecting the Social Security Administration, before DOGE formally shut down on July 4 after roughly an 18-month run marked by chaos, public backlash and numerous lawsuits alleging unconstitutional overreach.

Musk’s continued defense of the work

Despite his acknowledgment of getting “carried away,” Musk stood firmly behind the substance of DOGE’s mission during the interview. “We need to sort of take a close look at spending and make sure that money is being spent in sensible ways and that it is not wasted or spent on fraudulent activities,” Musk said, adding, “And I got a lot of flack for this, obviously.”

That defense echoed comments Musk made in an earlier, separate interview with aide and conservative commentator Katie Miller, in which he described DOGE’s efforts as only “somewhat successful” and said he would not undertake the same effort again, while still broadly defending Trump’s cost-cutting initiative.

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A pointed exchange over USAID

The most contentious portion of Thursday’s interview centered on the U.S. Agency for International Development, the decades-old federal foreign aid organization that Musk previously vowed to feed through a “wood chipper.” Pressed by Beddoes, who noted that “huge numbers of things shut down in Africa that were health related,” Musk maintained that “zero” people died as a result of DOGE’s cuts to USAID programs, dismissing contrary reports as unfounded. “These claims are false. They’re nonsense, absolute nonsense,” Musk said.

That claim has been directly disputed by public health researchers. According to Impact Counter, a statistical tracker developed by Dr. Brooke Nichols, an infectious disease mathematical modeler and health economist, more than 780,000 deaths, including more than 518,000 among children, were documented within the first year following the USAID funding cuts. Separately, an analysis published in the medical journal The Lancet estimated that USAID assistance had saved approximately 92 million lives over the preceding two decades, underscoring the scale of the programs affected by the funding reductions.

Musk pushed back against the underlying premise of those figures, describing USAID during the interview as “a political organization” and “the biggest funder of regime change,” and questioning why other nongovernmental organizations could not step in to fill any gaps left by the funding cuts. “How many NGOs are there that could step in?” he said.

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A broader reflection on his political role

Beyond the specific defense of DOGE’s record, Musk used the wide-ranging interview to offer some additional reflection on his political involvement more broadly. He has separately indicated in recent interviews, including one with Bloomberg at the Qatar Economic Forum, that he intends to scale back his political spending going forward, telling that outlet, “I think I’ve done enough. If I see a reason to do political spending in the future, I will do it. I do not currently see a reason.” Musk spent nearly $300 million on political activity last year, the large majority of it supporting Trump’s campaign.

Context around the interview’s timing

Musk’s comments come amid a broader stretch of public scrutiny surrounding both his political activities and his business ventures. The Economist’s accompanying coverage of the interview characterized some of Musk’s political views as “plainly bigoted,” while the interview itself also touched on Musk’s broader predictions about artificial intelligence’s economic impact, including his suggestion that AI could eventually make traditional employment less central to economic life, an outcome he described using the phrase “age of amazing abundance,” while proposing that governments could respond by directly issuing payments to citizens.

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With DOGE now formally dissolved and Musk indicating a reduced appetite for direct political spending going forward, the practical consequences of his acknowledgment that he “got carried away” remain unclear, particularly given his continued defense of the agency’s underlying record. The disputed death toll connected to the USAID cuts remains a point of ongoing contention between Musk and public health researchers, with no indication from Thursday’s interview that either side is likely to revise its position in the near term. For now, Musk’s comments mark a rare moment of public self-criticism from a figure who has otherwise remained largely unapologetic about the scope and impact of his time atop DOGE.

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Will IEA/OECD countries release more strategic oil stocks?

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Will IEA/OECD countries release more strategic oil stocks?

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Trump to deliver ’unifying yet vicious’ speech at dinner celebrating press freedom

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Trump to deliver ’unifying yet vicious’ speech at dinner celebrating press freedom

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First Western Financial, Inc. 2026 Q2 – Results – Earnings Call Presentation (NASDAQ:MYFW) 2026-07-24

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Chicago Fed National Activity Index: Economic Growth Increased In June

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Chicago Fed National Activity Index: Economic Growth Increased In June

Chicago Fed National Activity Index: Economic Growth Increased In June

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First Hawaiian, Inc. 2026 Q2 – Results – Earnings Call Presentation (NASDAQ:FHB) 2026-07-24

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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U.S. Stocks Fall as Tech Selloff Deepens, Oil Prices Hit $100 a Barrel

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U.S. Stocks Mixed as June Jobs Data Cools Rate-Hike Concerns

Oil prices are back above $100 a barrel, and investors are dumping tech stocks amid fresh worries that hyperscalers are overspending on AI.

Brent crude futures jumped 7% after Houthi militants claimed attacks on two Saudi tankers in the Red Sea. That’s pushing up borrowing costs around the world, with the 10-year Treasury yield at its highest level in more than a year amid fears that inflation could heat up again.

Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Thailand to roll out a THB 2.45bn tourism boost, offering 500,000 co-pay subsidies and airfare discounts

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Thailand to roll out a THB 2.45bn tourism boost, offering 500,000 co-pay subsidies and airfare discounts

Thailand plans three tourism-boosting schemes: a 1.75-billion-baht co-payment programme covering hotels, restaurants, and attractions nationwide; 200-million-baht domestic airfare discounts for 400,000 seats; and a 500-million-baht international flight initiative targeting 487,000 visitors. All require Cabinet and committee approval before implementation, expected late 2026.

Key Points

Thai Travel Thai Plus: Nationwide co-payment scheme covering hotels, restaurants, attractions, spas, tours, and transport; needs 1.75B baht (2026-27), projecting 32B baht impact and 1.6B baht tax revenue.

Fly Thai All the Feeling: Subsidizes 400,000 airline seats (400-600 baht discounts) to secondary cities; costs 200M baht, expects 200,000 trips and 1.6B baht economic activity.

Thailand Air Connect: Supports 600+ international flights, targeting 487,000 visitors via 500M baht marketing budget, projecting 23.166B baht revenue. All require Cabinet approval before launching (~late 2026).

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Thai Travel Thai Plus: A Nationwide Co-Payment Scheme

The Thai Travel Thai Plus initiative is a co-payment scheme designed to cover all 77 provinces, spanning a wide range of tourism services such as hotels, restaurants, attractions, OTOP shops, spas, one-day tours, car and boat hire, and public transport. The programme requires a budget of 1.75 billion baht, to be allocated across the 2026 and 2027 fiscal years. Officials project the scheme could generate a substantial economic impact of 32.046 billion baht, alongside roughly 1.6 billion baht in tax revenue. By subsidising a broad spectrum of tourism-related spending, the plan aims to boost domestic consumption while supporting small and community-based businesses nationwide, reinforcing Thailand’s tourism recovery strategy.

Airfare Incentives and International Connectivity Programmes

Complementing the domestic scheme, Fly Thai All the Feeling would subsidise 400,000 airline seats across six domestic carriers, offering 400 baht discounts for major cities and 600 baht for secondary destinations on a first-come, first-served basis. With a budget of 200 million baht, it is expected to generate 200,000 trips and 1.6 billion baht in economic activity. Meanwhile, Thailand Air Connect targets international travel, allocating 500 million baht for joint marketing with airlines and charter operators. The initiative aims to support 600 flights and attract 487,000 international visitors, generating an estimated 23.166 billion baht in tourism revenue.

Pending Approval and Implementation Timeline

Despite their promising projections, none of the three proposals has been finalized. Each requires formal endorsement from the public-private tourism committee and the Cabinet, as well as confirmation of the requested central budget allocations. Collectively, the measures are designed to stimulate domestic spending, promote travel to secondary cities, and strengthen international air connectivity, forming a cohesive strategy to revitalize Thailand’s tourism sector. If approved, the Thai Travel Thai Plus co-payment scheme is expected to become operational by late 2026, marking a significant step in the government’s broader effort to accelerate tourism-driven economic recovery through coordinated public-private investment.

Source : Thailand plans THB2.45bn tourism stimulus with 500,000 co-pay subsidies and airfare discounts

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Taco Bell Ditches Lettuce, Offers $1 Deals to Win Back Wary Customers After Nationwide Cyclospora Outbreak

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Taco Bell

Taco Bell is offering steep discounts on some of its most popular menu items this week as the fast-food chain works to rebuild customer confidence following a nationwide cyclospora outbreak linked to shredded lettuce served at its restaurants.

The company began offering $1 lettuce-free Enchiritos on Wednesday, along with $1 app-exclusive Nacho Fries, in a bid to draw customers back after weeks of declining foot traffic. “For the ones who have been with us, $1 Enchiritos just dropped, more to come,” Taco Bell said in a post on Instagram announcing the promotion.

The scale of the outbreak

Taco Bell has been linked by health officials to more than 1,644 confirmed infections across Indiana, Kentucky, Michigan, Ohio and West Virginia, with the Centers for Disease Control and Prevention identifying the chain’s shredded iceberg lettuce as the likely source. The outbreak, caused by the parasite Cyclospora cayetanensis, has been described as one of the largest foodborne illness outbreaks in the United States in recent years.

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Cyclospora infections typically cause watery diarrhea, along with symptoms that can include loss of appetite, weight loss, cramping, bloating, increased gas, nausea and fatigue, according to health officials. Symptoms generally emerge about a week after exposure and can persist for weeks if untreated.

A swift response from the company

Earlier this month, Taco Bell announced it had removed the implicated lettuce from every restaurant nationwide. “As of July 17, Taco Bell has completed removal of affected Taylor Farms lettuce from our restaurants. Based on ongoing conversations with public health officials, and out of an abundance of caution,” the company said in a statement at the time.

Confusion over the source

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The investigation into the outbreak’s exact origin has shifted several times in recent weeks. The Food and Drug Administration initially reported that lettuce supplied by Taylor Farms in Mexico had tested positive for cyclospora, but a subsequent review determined that result to be a false positive. The agency removed the sample from its official update over the weekend and said no confirmed positive product samples for cyclospora currently exist.

Despite walking back that specific test result, the FDA said it continues working with Taylor Farms and state officials to ensure implicated products remain off the market while additional testing is conducted. The agency reiterated Monday that the broader epidemiological evidence connecting the outbreak to Taylor Farms remains “overwhelming,” even as the specific laboratory confirmation tied to that sample has been retracted.

A sharp drop in foot traffic

The financial impact of the outbreak on Taco Bell has been immediate and significant. According to nationwide data from Placer.ai cited by CNN, daily foot traffic at Taco Bell locations dropped nearly 31% on July 17, the day federal health officials first identified the chain as part of the outbreak investigation, before falling roughly 30% the following day. While other restaurant chains have also seen some decline in customer visits during the broader controversy, none have experienced a drop nearly as steep as Taco Bell’s.

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The sales pressure has extended to the company’s stock as well. Shares of Yum! Brands, Taco Bell’s parent company, have fallen roughly 9% over the past week amid the fallout from the outbreak.

Why the promotion matters

Wednesday’s discount promotion, which offered the Enchirito, a menu item combining elements of an enchilada and a burrito made with a soft flour tortilla, seasoned beef, beans and onions topped with red sauce and melted cheese, for just $1, was initially framed as a limited, one-day-only deal aimed at drawing hesitant customers back into stores. Taco Bell’s continued messaging suggesting “more to come” indicates the chain intends to keep offering promotional pricing as part of its broader recovery strategy in the weeks ahead.

Analysts see limited long-term damage

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Despite the steep short-term hit to sales and foot traffic, financial analysts covering the situation have expressed confidence that the outbreak is unlikely to leave lasting damage to Taco Bell’s brand. According to reporting from KSL.com, industry analysts described the sales dip as a meaningful but likely temporary setback, pointing to the fast-food industry’s broader history of recovering from similar foodborne illness incidents once affected ingredients are removed and replaced.

That assessment echoes the outcome of a past incident involving Taco Bell and contaminated lettuce nearly two decades earlier. In late 2006, the chain was linked to an E. coli outbreak tied to lettuce served at restaurants in four northeastern states, which the company said was declared over by health authorities within roughly two weeks after swift removal and replacement of the affected produce.

A broader outbreak investigation continues

The current cyclospora outbreak remains under active investigation by both the FDA and CDC, with officials continuing to explore additional potential sources beyond the Taylor Farms lettuce initially implicated. According to reporting on the situation, federal health officials have been examining at least four separate cyclosporiasis clusters as they work to determine whether multiple distinct sources may be contributing to the broader nationwide case count.

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With the affected lettuce now removed from its restaurants and its discount promotions underway, Taco Bell’s recovery is likely to hinge on how quickly customer traffic rebounds and whether health officials are able to fully resolve lingering questions about the outbreak’s precise source. The company has not said how long its $1 promotional pricing will continue or whether additional discounted menu items will be introduced as part of the broader “more to come” messaging shared on social media this week. For now, the chain appears focused on using price incentives to rebuild trust with customers still wary of returning to its restaurants following weeks of unfavorable headlines tied to the outbreak.

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Form 13D/A Atara Biotherapeutics For: 24 July

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Form 13D/A Atara Biotherapeutics For: 24 July

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Bitcoin May Stay Under Pressure Through 3Q

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Stocks Little Changed After Fed Decision

Bitcoin prices have been attempting to rally in recent days, but that momentum may be short-term — as evidenced by bitcoin trading down 1.5% to $64,885, according to LSEG data.

Traders think that macro-level pressure looks to keep a thumb on bitcoin prices, at least until the 4th quarter of the year, says analysts with Binance Research in a note.

The firm says that bitcoin closed around $59,500 to end the first half of 2026, which makes it 53% that bitcoin has tumbled since hitting an all-time high above $120,000 in October 2025.

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