Trump Is Betting Big on Musk’s Swing-State Moonshot

Published On Nov 2, 2024, 5:06 AM

Elon Musk is financially backing a super PAC called America PAC to support former President Donald Trump's campaign, advocating for early voting to improve Republican chances in key states. This marks a shift in Trump's previous stance against early voting. The effort includes a significant budget of over $130 million aimed at mobilizing voters in battleground states. Musk's involvement may set a precedent for billionaires influencing political campaigns more directly.

Stock Forecasts

Musk's financial backing and newly supportive stance on voting strategies could enhance Trump's campaign visibility and effectiveness, potentially impacting voter turnout in key states favorably for him. This strategic alliance may indicate a positive trend for investments in companies linked to Trump or such political movements.

Related News

A jobs report disrupted by weather and worker strikes was immediately seized upon as a campaign trail issue for the final days of the 2024 election season.

The Labor Department released the closely watched October jobs report on Friday which showed that hiring slowed down as the economy added 12,000 jobs, below economists' expectations.

Economists expect that employers added 110,000 jobs in October, a slowdown that would partly reflect hurricane disruptions and labor strikes.