Cailian Press reported on November 15 that according to media reports citing sources, the transition team of US President-elect Trump plans to cancel the electric vehicle tax credit policy introduced by the Biden administration.
In August 2022, the current US President Biden signed the Inflation Reduction Act (IRA), the largest climate law in US history. It plans to invest US$369 billion in new energy and climate change projects and provide subsidies and tax incentives for a series of green industrial products.
(Inflation Reduction Act) provides that consumers in the United States can receive a tax credit of up to $7,500 if a certain proportion of the key battery minerals in the electric vehicles they buy come from the United States or its free trade partners.

Although Musk's xAI is not leading in the large model market, the entire industry is very sensitive to him. To what extent? When Musk converted an abandoned factory into a data center in Tennessee, competitors rented spy planes and circled every day to take pictures to record the progress. They also tried to collect heat data inside the building... xAI's 100,000 H100 training cluster was built in just 122 days. As a supplier to all major manufacturers, NVIDIA is well-informed, but Huang Renxun also thinks this is impossible for humans to do. Normally, it will take at least 2-3 years. After the news came out, Amazon, Microsoft, and Google all came to inquire about how Musk achieved it.

It was revealed that Musk’s frequent appearances began to displease some people in Trump’s core circle, “He wants people to feel that he has a say in all matters (even if this is not the case)”.
The news that tech billionaire Elon Musk has been tapped by President Donald Trump to lead the new Department of Government Effectiveness (D.O.G.E.) further highlights Musk's close relationship with the president. However, for some in the Trump camp, Musk's presence can seem a little intimidating.
NBC reported that Musk has been frequently appearing at Trump's Mar-a-Lago estate in Palm Beach, Florida, since Election Day. He has been with Trump almost all day, participating in phone calls and meetings. He has been expressing his views on Trump's second term, even stepping on the boundaries of Trump's transition team, giving people the impression that he is "staying here for a long time."

Trump has announced all the cabinet members, all of whom are "war hawks", either hardliners on China or staunch supporters of Israel. In comparison, Musk is not that radical. Of course, it is still unclear whether Musk's position counts as a cabinet member, after all, it is a newly established department. As the saying goes, governing a big country is like cooking a small fish. I understand that the king has already served a pot of laxatives before he took office. I can't wait to see whether this full-fire lineup can make America great again [狗头]

After a brief pause, the cryptocurrency rally triggered by Trump's victory in the US presidential election regained momentum on Wednesday during US trading hours. Bitcoin broke through the important $90,000 mark and continued to rise, with an intraday increase of 8.6% to $93,300, setting a new record high. The top digital currencies in terms of market value rose across the board. Dogecoin, which Musk strongly supported, soared by more than 16% in one day. Dogecoin is one of the strongest performing currencies in the cryptocurrency field in recent times. After strongly supporting Trump to win the US presidential election, Trump announced on November 12 local time that Musk would become one of the leaders of Trump's "Department of Government Efficiency" (DOGE) plan. The acronym of the department is obviously a nod to Dogecoin. In terms of cryptocurrency concept stocks, BTC Digital rose by more than 71%, and the two-fold long Bitcoin ETF rose by about 6.3%. Among Bitcoin ETFs, BTCW rose by 3.3% and ARKB rose by more than 3.1%. According to data from derivatives exchange Deribit, call option bets are concentrated on Bitcoin reaching $100,000.

The person who gave a positive interpretation is curious, it is Kashkari, the president of the Minneapolis Fed, who has appeared twice and has previously delivered hawkish speeches. But he said last night that he could not see any factors in today's data that are unfavorable to a rate cut in December.
The other three Fed officials all responded with cautious rate cuts:
Dallas Fed President Logan said further rate cuts should be made with caution to avoid inadvertently reigniting inflation.
St. Louis Fed President Moussallem said October's CPI data showed that core inflation remained high and a "moderately restrictive" policy was appropriate.

With Trump winning the US election, special prosecutor Jack Smith, who has been pursuing Trump for two years on behalf of the US Department of Justice, is now racing against time: he and his team are trying to complete the resignation process before Trump is sworn in. As a background, Trump publicly stated last month that Smith would be one of the first things to be dealt with after he takes office, and he would "fire him in two seconds." Hurry up and close the case As the results of the US election came out, Smith wrote a letter to the judge of the "attempt to overturn the results of the 2020 election" last Friday, saying that since the defendant will be sworn in as the President of the United States on January 20, 2025, he asked the court to cancel all remaining deadlines in all pre-trial schedules so that the government can evaluate this unprecedented situation. In the letter, the US Department of Justice stated that it would provide further updates to the court by December 2. People familiar with the matter said that Smith's goal now is to complete all work before Trump is sworn in and resign with the team. He "is not going to leave any important work for others." In fact, since the Department of Justice cannot prosecute the incumbent president, from the moment Trump won the election, Smith's two cases have lost the basis for further advancement. In addition to closing the case in court, Smith's status as a special prosecutor also requires him to submit a report summarizing the investigation and decision before closing the case. It is not clear how long it will take to complete this final report before resigning. Several U.S. government officials said that Smith is not prepared to delay and has informed prosecutors and FBI agents in the team who are not involved in the finishing work that they can plan their resignation in the next few weeks. It is worth mentioning that Smith's summary report needs to be handed over to Attorney General Merrick Garland. Garland has repeatedly stated that it will be made public after meeting confidentiality requirements (crossing out some content). At the same time, such reports are also subject to review of confidential information by intelligence agencies. However, considering the limitations of objective conditions, Smith may not be able to write a "lengthy tome" like other prosecutors, which also means that the review does not take too much time, but the report itself may not have explosive "explosive materials."For example, in a report by special prosecutor Robert Hull in February this year, although it was determined that Biden did not need to be prosecuted for improper possession of confidential documents when he was vice president, it was also stated that Biden "has a clearly limited memory" and "forgot when he was vice president." This description quickly ignited a war of words between the two parties. Fear of investigation Just when Smith informed the judge last Friday that he "needed to consider what to do next," the "retaliation" of the Republicans also came. Jim Jordan, chairman of the House Judiciary Committee, and Barry Loudermilk, chairman of the Executive Oversight Group, jointly wrote to Smith, asking him to keep all documents related to the two lawsuits. This also means that the special prosecutor of the Biden administration is likely to be formally investigated.

During the campaign, Trump promised to quickly end the Russia-Ukraine war after taking office. With his victory in the 2024 election, the outside world is paying close attention to how he will end the Russia-Ukraine war. According to a US News report on November 13, multiple sources told Fox News that President-elect Trump is expected to soon appoint a special envoy for Ukraine peace to lead negotiations to end the Russia-Ukraine war.
"You're going to see a very senior envoy, a very credible person, who will be tasked with finding a solution, a peaceful solution. You're going to see that appointment very soon," one of the sources said. The job is not expected to be paid, the report said. Kurt Volker also volunteered to serve as a special representative for Ukraine negotiations from 2017 to 2019. The Russian-Ukrainian war lasted for more than two years. During his campaign, Trump said he would cut aid to Ukraine and demanded that Russia and Ukraine end the war through dialogue. This caused concern on the Ukrainian side.

In order to break the bureaucracy in the US federal government, Trump decided to set up a new department called "Government Efficiency Department". On October 12, local time on CBS, Trump announced that Musk and Indian-American entrepreneur Vivek Ramaswamy will jointly lead a new agency called "Government Efficiency Department" in his government. During the campaign in September this year, Trump proposed that if elected, he would set up a "Government Efficiency Department" to reduce the bureaucracy in the US federal government and appoint Musk as the head of the department. Since then, Musk has become the promotion ambassador of the "Government Efficiency Department" and claimed that he can help cut the federal budget by $2 trillion.

On November 12, Trump announced that he would nominate 44-year-old Fox News host Pete Hagseth as the new US Secretary of Defense, in charge of the world's most powerful army!!!
I have to say that Trump is really bold to let a young host take charge of the world's strongest army. And if Hegseth is elected, he will also become one of the youngest defense secretaries in American history. According to public information, Hegseth is a loyal supporter of Trump. He graduated from Princeton University and Harvard University with a master's degree. He served in Guantanamo, Iraq, and Afghanistan. After retiring, he joined Fox in 2014. He began hosting news programs in 2016 and served as a part-time consultant in Trump's 2016 campaign team. He allegedly persuaded Trump to pardon three American soldiers who were accused or convicted of war crimes in Iraq. He is also very concerned about the affairs of US military veterans and has held important positions in many related organizations. At present, Trump has identified several candidates for important positions in the new government. It can be seen that he has chosen people whose abilities are unknown but very loyal.

When I was 30, I developed a habit that has benefited me throughout my life. Whenever I encounter something that makes me feel wrong, whether it is a conflict or unfair treatment, I will use my own words to sort them out and explain them in a self-consistent framework. This explanation can be given to a specific person, or you can choose to write it down and read it yourself.
The advantage of doing this is
You will become more confident, wise and brave! Because using your own language to explain an event is essentially the underlying logic of shaping and strengthening yourself!

On November 12, local time, US President-elect Trump announced that American entrepreneurs Elon Musk and Vivek Ramaswamy will jointly lead the "Ministry of Government Efficiency" to be established after he takes office as president. This is also a very clear appointment of Musk as the Minister of Efficiency by Trump, and his support for him to set off a revolutionary wave within the US government in the next step.
Musk is a ruthless person. He has always refused to form a union. Even if a union is established, he refuses to grant union rights and interests, and always holds power in his own hands. Musk is very tired of those pampered Americans who always ask workers to work overtime and do not increase their income. It can be said that Musk is absolutely a ruthless person when dealing with workers. As the Minister of Efficiency, Musk will reorganize US government agencies, dismantle government bureaucracy, cut unnecessary regulations and wasteful spending, and fire corresponding government employees.

On November 12, local time, Musk posted on social media platform X, stating that the proposed "Department of Government Efficiency" (DOGE) will publish "all actions" online to achieve "maximum transparency." "If the public thinks we are cutting important projects, or not cutting wasteful spending, please let us know! We will also list the dumbest taxpayer expenditures." Musk stated. Earlier that day, U.S. President-elect Trump announced that Musk and American entrepreneur Vivek Ramaswamy would lead the proposed "Department of Government Efficiency." Trump emphasized in a statement that the establishment of the Department of Government Efficiency aims to "pave the way for dismantling government bureaucracy, cutting unnecessary regulatory regulations and wasteful spending, and restructuring federal agencies." Trump has previously stated multiple times that he has a strong determination to cut government costs and hopes to reduce government costs by up to $2 trillion with Musk's assistance. #BabyMarvin contract address f9c7

Trump's support for TikTok is a significant turnaround.
According to The New York Times, with just over two months left, TikTok could soon be banned in the U.S. Since President-elect Trump expressed opposition to banning TikTok during his campaign this year, TikTok is now hoping he can find a way to save it. When asked if Trump would prevent TikTok from being banned in the U.S., a spokesperson for Trump's team stated he would 'deliver' on those promises, but did not provide specific details. 'The American people overwhelmingly voted to re-elect Trump as president, empowering him to fulfill his campaign promises,' said Karoline Leavitt, spokesperson for Trump and vice president-elect Vance's transition team, in a statement, 'He will fulfill his promises.'

The tech mogul's fervent belief in an AI apocalypse may limit the industry's lax policies.
Musk and Trump have reportedly long focused on AI. He was an early investor in Google's DeepMind and is a co-founder of OpenAI, currently running xAI, which has raised over $6 billion to build powerful AI models.
Despite all evidence suggesting that both Trump and Musk wish to create a lax regulatory environment for AI companies to accelerate R&D, the variable in all of this is Musk's personal creed. He has long been concerned about the impact of AI on humanity as it becomes more powerful. In 2015, he co-founded the non-profit organization OpenAI because he feared that Google's acquisition of DeepMind would lead to AI technology being monopolized by a single company, as AI has surpassed human intelligence and such powerful technology is easily misused.

It has been a few days since the results of the U.S. presidential election were finalized, but the global cryptocurrency market is still basking in the joy of Trump's victory. On Sunday, cryptocurrencies continued to rise, with Bitcoin, the largest and most well-known cryptocurrency, hitting $80,000 for the first time in history. On Monday morning, the price of Bitcoin continued to climb, briefly surpassing $81,000 during trading.
According to Coindesk data, the price of Bitcoin is currently up 4.81% to $80,358.72, having reached a high of $81,454.61 in the past 24 hours.
The price of Bitcoin has more than doubled from the year's low of $38,505 on January 23. Since Election Day, the price of Bitcoin has increased by nearly 20%. Optimism has also boosted small-cap tokens, which are more volatile. The price of Ripple rose by 11% on Sunday. Dogecoin and Shiba Inu surged by 17% and 31%, respectively. Dogecoin is one of the favorite tokens of Trump supporter Elon Musk.

On November 11, the Financial Associated Press reported (Editor: Bian Chun) that during his campaign for the U.S. presidency, Trump stated that he should have a voice in monetary policy. His remarks sparked controversy. As one of the biggest financial backers behind Trump's victory in the U.S. election, Tesla CEO Elon Musk publicly expressed support for the idea of 'allowing the president to intervene in Federal Reserve policy.' Last Thursday, Republican Senator Mike Lee from Utah posted on social media calling for the Federal Reserve to be subordinate to the president. Lee's post included a screenshot of a news article in which Federal Reserve Chair Powell stated that even if asked to resign, he would not comply. The post stated, 'The executive branch should accept the president's leadership. The Constitution is designed that way. The Federal Reserve is one of many examples where we have deviated from the Constitution. This is also another reason we should end the Federal Reserve (#EndtheFed).' In response, Musk retweeted Lee's post last Friday and posted a '100' emoji to show complete agreement.

The sentiment among bullish cryptocurrency enthusiasts is growing increasingly optimistic. Driven by news of Trump's victory, more and more people are optimistic that the price of Bitcoin will rise to $100,000 by the end of the year. CoinShares research director James Butterfill pointed out that considering the positive political momentum, social media hype, ongoing interest rate cuts, and the prospect of Bitcoin becoming a strategic reserve asset for the U.S., its price may rise further. In the past 24 hours, Bitcoin's price briefly surpassed $89,000, and at the time of writing, its seven-day increase is close to 30%, far exceeding the performance of other assets. Bitwise Chief Investment Officer Matt Hougan stated that although more investors are seeking to join this upward trend, long-term holders are unwilling to sell Bitcoin below $100,000, and short sellers are also hesitant to go against the trend. Analysts emphasize that due to the strong bullish momentum, Bitcoin has not shown any significant pullbacks or signs of consolidation so far. These views support Bitcoindata21's bolder bets. They believe the first peak for Bitcoin will reach $150,000, and there won't be significant consolidation before that, followed by a price drop to $120,000. Peter Brandt, a trader in the crazy crypto space, pointed out on Monday that Bitcoin had already shown significant buying signals over the weekend, hinting that its price will break the $200,000 mark. This is currently the most optimistic prediction. Meanwhile, business intelligence firm and major cryptocurrency holder Microstrategy bought over $2 billion worth of Bitcoin on Monday. As of November 10, the company's spot Bitcoin investment return has exceeded 100%. Additionally, Bitcoin exchange-traded funds (ETFs) are also experiencing a hot market, with net inflows exceeding $1.5 billion in the past week for the Bitcoin ETFs listed in the U.S. Cameron Winklevoss, co-founder of the Gemini exchange, emphasized over the weekend that the momentum for Bitcoin's price rise above $80,000 is driven by stable ETF demand rather than retail investor sentiment. This provides solid momentum for the rise, and this is just the beginning.

According to American media reports, in the past 48 hours, Mar-a-Lago has been filled with two types of people: one group wants to secure a position in Trump's new government, while the other group is trying to influence Trump to hire their preferred candidates for senior positions. However, several sources have revealed that the only person who has control over the situation and exerts significant influence is Elon Musk. Since Trump won the election last week, this billionaire has appeared almost daily at the resort in Palm Beach, Florida, occasionally dining with Trump on the terrace at night and appearing with Trump's family at the golf course on Sunday.

Many foreign media reported that on the 10th of this month, local time, Trump, who is about to return to the White House, had a phone call with Russian President Putin. During the conversation, Trump hoped that Russia would not escalate the situation further at this moment. Additionally, Trump expressed to Putin that as the situation changes, the international community might accept handing over some disputed areas between Russia and Ukraine to Russia, such as Crimea. Meanwhile, Putin responded that he was willing to hold relevant communications again after Trump takes office. The United States (Washington Post) quoted the opinion of former NATO Supreme Allied Commander Stavridis, who believes that Trump will likely demand Ukraine to abandon the disputed areas occupied by Russia in order to achieve a quick resolution to the Russia-Ukraine issue. At the same time, the U.S. will provide Ukraine with certain security assurances, but obviously, Zelensky's idea of joining NATO will be completely shattered. In short, the 78-year-old Trump's return to the White House is undoubtedly a significant blow to Zelensky, even if he believes the two can engage in effective communication.