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Rani Molla

Elon Musk’s competitors Sam Altman and Jeff Bezos say Musk won’t use his position to hurt competition

Elon Musk wasn’t at the New York Times DealBook Summit yesterday, but he was one of the elephants in the room. The big question: whether Musk will use his new governmental position to favor his own businesses and hurt his rivals.

Musk’s two major competitors in the room — Amazon and Blue Origin founder Jeff Bezos (who competes with Musk in his AI and rocket businesses) and OpenAI CEO Sam Altman (who competes with Musk in AI) — downplayed the likelihood that the Tesla Technoking would do such a thing.

Or perhaps they hoped that by saying so out loud it would make it true.

Altman:

“It would be profoundly un-American to use political power — to the degree that Elon has it — to hurt your competitors and advantage your own businesses. I don’t think people would tolerate that and I don’t think Elon would do it.”

Bezos:

“I take it at face value what has been said, which is that he is not going to use his political power to advantage his own companies or to disadvantage his competitors. I could be wrong about that but I think it could be true... I’ve had a lot of success in life not being cynical, and I’ve very rarely been taken advantage of. It’s happened a couple of times, but not very often.”

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Ford reportedly in talks to buy hybrid vehicle batteries from Chinese auto giant BYD

Detroit’s Ford and China’s BYD are said to be in ongoing talks to partner on an agreement that would see Ford buy hybrid vehicle batteries from BYD, according to reporting from The Wall Street Journal.

The report comes just days after President Trump toured a Ford factory in Michigan and implied openness to Chinese automakers coming to the US.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

“If they want to come in and build a plant... that’s great, I love that,” Trump said on January 13. “Let China come in, let Japan come in.”

Last week, China’s Geely Automobile Holdings said it expects to make an announcement about expanding into the US within the next three years. Chinese carmakers currently face huge tariffs and software restrictions, effectively barring their vehicles from the US.

Ford has doubled down on hybrid vehicles amid high EV costs and the end of federal EV tax credits. The automaker is currently building a battery plant in Michigan where it plans to use tech from Chinese battery maker CATL.

Still life of Ozempic and Wegovy with weight scale.

Lawsuit alleges Lilly, Novo locked up telehealth to kill compounded GLP-1s

Novo Nordisk CEO Mike Doustdar estimated that around 1.5 million US patients are using compounded versions of the company’s drugs.

Handshake

Big Pharma enters 2026 with an appetite for deals

At the JPMorgan Healthcare Conference, biotechs and Big Pharma signaled they’re primed for M&A this year, after a big year for deals in 2025.

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