Elon Musk has decided to cut back his responsibilities in Donald Trump’s government after his car brand’s profits plummeted £308,000,000 in just three months. He’s said he will dedicate more time to Tesla beginning in May after the company has faced a backlash and angry protests over his leadership of the Department of Government Efficiency (DOGE).

The president says tariffs on Chinese goods will be substantially lower, he has no intention of firing Fed Chief, and more news to start your day.

American billionaire Elon Musk has announced plans to scale down his involvement with Donald Trump's administration as Tesla faces a significant financial setback.