The relationship between President Trump and Elon Musk ruptures in real time.
Plus, the U.S. trade deficit marked a record-breaking decline in April.
And Humana backs changes to lucrative Medicare billing practices.
That represents kind of a crack in the unity of the industry in opposing changes to this at a time when a bipartisan consensus about potentially doing something about it has emerged in Congress.
It's Thursday, June 5th.
I'm Alex Ocele for The Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
Long-simmering tensions between President Trump and Elon Musk burst into the open today as the two men traded barbs and insults.
Speaking in the Oval Office alongside German Chancellor Friedrich Merz,
Trump addressed Musk's latest attacks on his signature tax bill for the first time,
saying he was disappointed in his former White House advisor and suggested he was suffering from,
quote, Trump derangement syndrome.
The president attributed Musk's frustrations to provisions in the legislation that repeal tax credits for electric vehicles.
I'm very disappointed
because Elon knew the inner workings of this bill better than almost anybody sitting here.
Better than you people.
He knew everything about it.
He had no problem with it.
All of a sudden he had a problem.