How Musk built his empire off of government contracts
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What are the key headlines in the world today?
Good morning. It's Monday, March 3rd. I'm Shamita Basu. This is Apple News Today. On today's show, how government funding helped build Elon Musk's business empire, the big winners from Hollywood's biggest night, and the figure skating community pays tribute to victims of January's mid-air collision.
How are European leaders supporting Ukraine?
But first, after a disastrous meeting on Friday between President Trump, Vice President Vance, and Ukrainian President Volodymyr Zelensky, European allies rushed to support Ukraine. And by Sunday, the U.K. announced plans to give Ukraine access to nearly $2 billion to bolster its defenses as a first step toward a peace agreement that the U.K. plans to present, along with France, to Trump. Here's U.K. Prime Minister Keir Starmer.
Today I'm announcing a new deal which allows Ukraine to use £1.6 billion of UK export finance to buy more than 5,000 air defence missiles.
Starmer also offered a nearly $3 billion loan for Ukraine that would be paid back using profits from sanctioned Russian assets. And he promised Ukraine that European nations would keep aid flowing and keep economic pressure on Russia. He said a, quote, coalition of the willing would commit to defend Ukraine, though he didn't say which nations would be involved. He did say, however, that Ukraine's participation in peace talks would be non-negotiable.
We agreed that any lasting peace must ensure Ukraine's sovereignty and security. And Ukraine must be at the table.
French President Emmanuel Macron told the newspaper Le Figaro that the peace proposal will include a one-month ceasefire by air, sea, and for energy infrastructure. But he said for now, no European troops will be deployed. And Starmer told the BBC that Trump has agreed to discuss the proposal. All of this comes after an explosive meeting at the Oval Office on Friday, where Trump and Vance reprimanded Zelensky, at times shouting.
What happened in the Oval Office meeting with Trump and Zelensky?
You're not winning. You're not winning this. You have a damn good chance of coming out okay because of us.
Mr. President, we are staying in our country, staying strong from the very beginning of the war. We've been alone, and we are thankful. I said thanks in this cabinet and not only in this cabinet.
We gave you, through this stupid president, $350 billion. We gave you military equipment, and you men are brave, but they had to use our military equipment.
The White House asked Zelensky to leave after the meeting, and the leaders did not end up signing a mineral extraction deal. Zelensky has said, despite the blowup, he is still willing to sign that deal. But Treasury Secretary Scott Besant, who was heavily involved in negotiations, told CBS the agreement is no longer on the table. Some in Washington are supporting Trump and Vance in the way they handled the exchange, like Secretary of State Marco Rubio, who was in the Oval Office during the meeting and spoke with ABC News on Sunday.
Shouldn't we all be happy that we have a president who's trying to stop wars and prevent them instead of start them? And I just don't get it. I really don't. Other than the fact that it's Donald J. Trump. If this was a Democrat that was doing this, everyone would be saying, well, he's on his way to the Nobel Peace Prize.
But some other Republicans have criticized the president, like Senator Lisa Murkowski, who posted on social media, quote, And Democrats have widely denounced Trump and Vance's conduct. Speaking to CBS yesterday, Senator Mark Kelly called them bullies.
I think Donald Trump was trying to look tough. J.D. Vance was trying to look tough. The only winner in that exchange is Putin, who's a criminal. So it was a sad day for our country. It was a dumpster fire of diplomacy.
Prior to Friday's meeting, Defense Secretary Pete Hegseth ordered the Pentagon to pause offensive cyber operations against Russia, but didn't offer further explanation as to why. The Washington Post reports a Russian official on Sunday said the Oval Office blowup was seen as a gift to the Kremlin and that the Trump administration's foreign policy now aligns with Russia.
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Chapters
6 chapters
1
What are the key headlines in the world today?
0:05–0:34
2
How are European leaders supporting Ukraine?
0:34–2:15
3
What happened in the Oval Office meeting with Trump and Zelensky?
2:15–7:43
4
How is government funding linked to Elon Musk's business success?
7:43–9:40
5
What role did government contracts play in Tesla and SpaceX's early years?
9:40–12:29
6
Why does Elon Musk now oppose subsidies that benefited his companies?
12:29–15:23
Speakers
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