FTX CEO Sam Bankman-Fried denies the report, saying no offer has been made. Robinhood shares jumped 14% to their session high after the report. The trading app's stock has dropped 48% this year amid shrinking revenue and declining users.
Elon Musk and Vivek Ramaswamy, appointed as co-leads of President-elect Donald Trump's "Department of Government Efficiency" (DOGE), have detailed their plans in an op-ed published in The Wall Street Journal.
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