3 Things To Know Today

Vintage movie countdown, illustration

Photo: Science Photo Library RF

1 It's Official, Elon Musk Owns Twitter

Everyone’s talking on Twitter about the platform’s new owner: Elon Musk. Closing the $44-billion deal ahead of today’s deadline, Musk wasted no time clearing the decks - firing several top execs within the first hour. That included CEO Parag Agrawal, CFO Ned Segal and the top lawyer, Vijaya Gadde. The billionaire has previously said he plans to cut around 75-percent of the company's staff after he takes ownership, and what that means ought to become clearer today when he meets with employees. He told reporters he's buying Twitter "to try to help humanity" by giving everyone a "common digital town square." Musk has faced criticism for saying he would un-ban former President Trump's account, and would loosen restrictions on what's allowed on the site.

2 Biden Cheers GDP Report, Admits More Must Be Done

President Biden is cheering the latest GDP report which showed the nation's economy grew in the third quarter by two-point-six percent. This, after after the economy had shrunk in the previous two quarters. In a statement, the President said the report is proof "that our economic recovery is continuing to power forward." However, Biden admitted more work needs to be done on lowering prices. Inflation is at a level not seen in decades and Americans are bracing for yet another interest rate hike by the Federal Reserve next week. Meanwhile, during an interview with NewsNation, Mr. Biden is predicting that student loan forgiveness checks will go out within the next two weeks. The administration's loan forgiveness program is being halted by a federal appeals court, which is considering a challenge from six Republican-led states. Biden noted, "we're gonna win that case."

3 Russia Warns West: "We Can Target Your Communications Satellites"

Russia is warning the US and other Western nations that it could target their communications satellites if involvement in the war in Ukraine continues. "These States do not realize that such actions in fact constitute indirect participation in military conflicts," said Konstantin Vorontsov, deputy director of the Russian Foreign Ministry's non-proliferation and arms control department. “Quasi-civilian infrastructure may become a legitimate target for retaliation." What will the White House do should that occur? “We will pursue all means to explore, deter, and hold Russia accountable for any such attacks,” says White House Press Secretary Karine Jean-Pierre. Clearly, I’m not going to lay them down here in front of — in public. But we have made ourselves very clear.”


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