Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldAmerica\u2019s largest companies are cutting deals with Elon Musk\u2019s businesses or touting links with the world\u2019s richest man as he solidifies his power within Donald Trump\u2019s administration and begins to radically restructure the US government.A rush of announcements in recent days included Visa finalising a payments processing deal with Musk\u2019s social media site X and United Airlines accelerating a plan to use Musk\u2019s Starlink satellites for in-flight WiFi.Amazon has also boosted advertising spending on X, which it had previously shunned due to a proliferation of hate speech on the platform. It was one of the top 10 advertisers on the platform in the US in January after spending more than 10 times as much that month compared with December, according to data from market intelligence group SensorTower. On Monday, Apple updated its iPhone operating system, allowing T-Mobile users in the US to connect to Musk\u2019s Starlink satellites.Boeing\u2019s chief executive Kelly Ortberg said he had been working with Musk \u2014 a competitor in the space and defence sectors \u2014 to accelerate delivery of two Air Force One planes that are over budget and years late. Oracle, the enterprise software company run by Trump supporter Larry Ellison, also announced a Starlink collaboration, while Intel touted a \u201cgrowing media partnership\u201d with X before broadcasting a live event together with Microsoft on the platform.Separately this week, roughly $3bn of debt tied to Musk\u2019s purchase of X, held by banks including Morgan Stanley for more than two years, began to move, with investors including Apollo interested in a tranche. The debt has become more attractive in part thanks to the $50bn valuation of xAI, in which X owns a 25 per cent stake.Other businesses have already mended relations with Musk. Following Trump\u2019s win in November, JPMorgan dropped a three-year lawsuit against Tesla, in which it was seeking $162mn over alleged breaches of a stock warrants contract. The lender denied the timing was anything other than coincidental.\u00a0Jamie Dimon, JPMorgan\u2019s chief executive, told CNBC last week that he and Musk had \u201chugged it out\u201d after a years-long feud. He went on to compare Musk with Albert Einstein and said America\u2019s biggest bank by assets would \u201clike to be helpful to him and his companies as much as we can\u201d.Such overtures have coincided with Musk demonstrating his influence over Trump, whose campaign he backed with a quarter of a billion dollars. Since the election, Musk has been a near-constant presence at the president\u2019s side and been involved in everything from cabinet appointments to AI, defence and economic policy discussions.This week, Musk, who has been tasked by Trump with leading the cost-cutting Department of Government Efficiency, began to exhibit the extent of his power with the new administration, overseeing a drive to dismiss up to 2mn career civil servants and overhaul the administrative state.Some of the deals between corporations and Musk\u2019s businesses were in train for months. But \u201cthere is likely political benefit to a firm accelerating those relationships given Musk\u2019s position in the new administration\u201d said Jonathan Bundy, a management professor at Arizona State University. \u201cMusk has kind of made himself synonymous with his organisations.\u201dPulling out of agreements with Musk\u2019s businesses or delaying them could also prompt retribution from the billionaire, a Washington lobbyist who represents several multinationals said, citing Musk\u2019s criticism of OpenAI over what he claimed was a breach of its promise to remain a non-profit.Apple, Visa and Oracle declined to comment on the timing of their Musk-related announcements. Morgan Stanley declined to comment on the debt sale, while Amazon declined to comment on its ad spending on X. Intel said its media programmes were \u201cthe result of many months of planning and collaboration\u2009.\u2009.\u2009. and this was no different\u201d.\u00a0United Airlines and Boeing pointed to recent remarks by their chief executives. United\u2019s Scott Kirby told investors last week that it was installing Starlink ahead of schedule because the airline thought fast WiFi would offer \u201ca material advantage\u201d over competitors. Boeing\u2019s Ortberg told CNBC on Tuesday that Musk\u2019s team at the advisory department \u201csincerely are looking at things that are in the contract or in the process that are slowing us down or aren\u2019t providing us value\u201d.Richard Aboulafia, managing director at AeroDynamic Advisory, said Musk might be able to improve industrial processes at Boeing, but raised questions about his involvement in the Air Force One project.\u201cOligarchy is bad enough,\u201d he said. \u201cBut oligarchy with a competitor doing the enforcement is double, triple as bad.\u201dAdditional reporting by Stephen Gandel and Eric Platt in New York and Michael Acton in San Francisco<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldAmerica\u2019s largest companies are cutting deals with Elon Musk\u2019s businesses or touting links with the world\u2019s richest man as he solidifies his power within<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":{"0":"post-191095","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-tech"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/191095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=191095"}],"version-history":[{"count":0,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/191095\/revisions"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=191095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=191095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=191095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}