Elon Musk quietly winds down his plans to start a third political party.
Musk has really not started jumping on doing this.
for a number of reasons.
The number one thing we heard, of course,
is that he wants to focus on running his two companies, Tesla and SpaceX.
Plus, McDonald's looks to rein in the cost of its combo meals.
And in the latest installment in our Price of Parenting series,
why expensive in vitro fertilization is becoming more popular.
It's Wednesday, August the 20th.
I'm Azhar Sukri for The Wall Street Journal.
Here is the AM edition of What's News, the top headlines and business stories.
moving your world today.
We are exclusively reporting that Elon Musk is quietly pumping the brakes on his plans to start a political party.
That's according to people with knowledge of his plans.
We report that Musk's associates cancelled a late July call with an outside group that specialises in organising third-party campaigns and that Musk has told allies that he wants to focus his attention on his companies Tesla and SpaceX.
This marks a shift from early last month when the billionaire said he would form what he called the America Party to represent US voters who are unhappy with the two major political parties.
Journal White House economic policy reporter Brian Schwartz says Musk has signalled a reluctance to alienate powerful Republicans.
Musk, he wants to remain allied with Vice President J.D.
Vance.
We've heard that Musk has been telling people that he is prepared to support Vance