China’s Iron Ore Buyer Pressures Mining Giants as New Supply Shifts Market Power 
Brazilian Oil Workers’ Strike Continues as Key Petrobras Union Rejects Proposal 
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026 
Boeing Secures Multi-Billion Dollar Defense Contracts for F-15IA Jets and E-4B Aircraft Support 
Silver Prices Hit Record Highs: How Silver Is Traded and Why Demand Is Surging 
Vietnam Central Bank Faces Challenges Meeting 2026 Economic Growth Target Amid Global Uncertainty 
Asian Stocks Rally as Fed Rate Cut Bets Weigh on Dollar and Fuel Precious Metals Surge 
Royalty Pharma Stock Rises After Acquiring Full Evrysdi Royalty Rights from PTC Therapeutics 
Trump Administration Probes Corporate DEI Programs, Raising Questions for Google Stock 
Meta Acquires AI Startup Manus to Expand Advanced AI Capabilities Across Platforms 
Argentina Congress Approves 2026 Budget Under Milei, Marking First Legislative Passage Since 2023 
Vietnam’s EV Taxi Giant GSM Eyes Hong Kong IPO With $2–3 Billion Valuation 
Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy 
China’s Central Bank to Launch New Digital Yuan Management Framework from January 1 
Winter Storm Disrupts Northeast Travel as Snow and Ice Blanket New York, New Jersey 
Oil Prices Rise as Middle East Tensions and Ukraine Uncertainty Fuel Supply Concerns 
Asian Stock Markets Trade Narrowly as Year-End Volumes Thin, KOSPI Outperforms on Tech Rally 
Elon Musk has been pushing for the takeover of Twitter, but now it was reported that the deal is on hold. The 51-year-old billionaire was said to have suspended the deal and reportedly made a threat to cancel the purchase on Monday, June 6.
This report came after the Tesla and SpaceX chief executive officer openly accused the Twitter group of breaking the merger agreement as it did not provide the data on spam and fake accounts that he has been requesting. Musk sent a letter to Vijaya Gadde, Twitter's head of legal, policy, and trust, where he said that the company is "actively resisting and thwarting his information rights" as outlined by the deal.
A lawyer who is representing the billionaire further said, "This is a clear material breach of Twitter's obligations under the merger agreement and Mr. Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement."
According to CNN Business, Twitter did not send an immediate response to its request for comments regarding the letter. The social media platform's chief, Parag Agrawal, maintained that his company's spam metric has been the same, but Musk alleged that the real number of the platform's spam accounts is more than what they think it is and probably as high as 90%.
The Tesla owner has been saying that the acquisition deal could not move forward unless Twitter provides proof of its spam metric. He has been making demands for the company to deliver information related to its testing methods to support its claims that bots and fake accounts constitute less than 5% of the platform's active user base.
Twitter said that this percentage has remained the same for years. Since he is not convinced, Musk wants to do his own assessment based on Twitter data, as per Reuters.
Meanwhile, the Twitter deal is effectively on hold now, and it is uncertain if Elon Musk will still push through with his $44-billion buyout offer. Although this is only temporary, investors are worried about how things will end, and in fact, Twitter's shares dropped a bit after the news of Musk's threat hit the headlines late last week.
