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Billionaire Elon Musk, the driving force behind United States President Donald Trump’s budget-cutting Department of Government Efficiency (DOGE), has broached the sensitive issue of Social Security cost savings on the TV channel Fox Business. Musk told host Larry Kudlow, a former Trump economic adviser, that the Government Accountability Office estimated in 2024 that federal government fraud was “half a trillion dollars”. While referring to waste, Musk said: “Most of the federal spending is entitlements. So that’s like the big one to eliminate. That’s the sort of half-trillion, maybe $600, $700bn a year.” Using the word “eliminate” in the same breath…

Billionaire Elon Musk, the driving force behind United States President Donald Trump’s budget-cutting Department of Government Efficiency (DOGE), has broached the sensitive issue of Social Security cost savings on the TV channel Fox Business. Musk told host Larry Kudlow, a former Trump economic adviser, that the Government Accountability Office estimated in 2024 that federal government fraud was “half a trillion dollars”. While referring to waste, Musk said: “Most of the federal spending is entitlements. So that’s like the big one to eliminate. That’s the sort of half-trillion, maybe $600, $700bn a year.” Using the word “eliminate” in the same breath…

Judge Jesse Furman says effort to deport Palestinian rights advocate is ‘exceptional’ and requires ‘careful’ review.A federal court in the United States has dismissed an effort by President Donald Trump’s administration to dismiss Palestinian rights activist Mahmoud Khalil’s legal challenge against his detention and deportation. Khalil, a Columbia University graduate student and legal permanent resident, has been held by the government since March 8 in a push to deport him over his participation in campus protests for Gaza last year. On Wednesday, Judge Jesse Furman ruled that Khalil’s legal request for a judicial review against his detention, known as a…

Tala, a global financial infrastructure company focused on providing accessible financial services, has secured a $150m debt facility from Neuberger Berman, a leading investment management firm.The funding will support Tala’s expansion efforts in Mexico.The debt facility, with an initial committed capital of $75m, allows Tala to access up to $150m. This marks the company’s largest capital markets transaction to date and highlights its operational strength and growth potential in the region. Since launching in Mexico in 2017, Tala has developed data-driven financial solutions that empower millions of consumers to build credit, support business ventures, and enhance their financial stability.With over…

Vouchsafe, a UK-based identity verification platform, has raised £1m in a pre-seed funding round to address global ID poverty and improve financial inclusion.The oversubscribed round was led by Bethnal Green Ventures (BGV) and included participation from Biometric Ventures, Fuel Ventures, and Seed X Liechtenstein. Angel investor Andrew Chevis, CEO of CitizenCard, also joined the round, bringing three decades of industry experience.Vouchsafe is focused on tackling the challenges faced by people without official identification, a problem that affects an estimated one billion individuals worldwide. In the UK alone, 11 million people lack a passport or driving licence, making it increasingly difficult…

FRANKFORT, Ky. (AP) — Tapping into his state’s love of college basketball, Kentucky Attorney General Russell Coleman has recruited two players from top programs and given them roles as social media influencers to promote his drug prevention initiative aimed at young people.Social media videos released Tuesday feature University of Kentucky forward Trent Noah and University of Louisville guard J’Vonne Hadley. The separate messages bridge their schools’ storied rivalry by offering a common theme — the importance of staying active and disciplined as part of the “Better Without It” campaign. Their videos coincide with the start of the NCAA basketball tournament.“March…

ALT21, a financial technology firm specialising in foreign exchange (FX) transactions, hedging, and payments, has raised $12.5m in an oversubscribed Series A funding round.The latest investment brings its total funding to $44m and marks a significant step in the company’s expansion efforts.The funding round was backed by a network of super angel investors, many with extensive experience in scaling global businesses. This approach to securing capital positions ALT21 among the largest Europe-based firms to raise funding through super angels, it claims.ALT21 leverages high-frequency trading technology to automate FX processes, reducing operational costs and providing businesses with cost-effective and transparent solutions.…

Join us today for SecurityWeek’s 2025 Supply Chain & Third-Party Risk Security Summit, where top security experts will unpack the biggest software supply chain risks, the complexity of modern threats, and proven strategies to mitigate risk. Discover the latest frameworks, tools, and best practices to strengthen your defenses against malware, data exposure, and compromised dependencies. Join us from 11:00 AM – 4:00 PM ET as we explore of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects. Agenda Overview (View Event Website and Full Agenda) What’s in Your Commercial Software? Network…

TechCrunch Sessions: AI is nearly upon us, and you have the power to decide who you want to see lead a dynamic breakout session. We have whittled speaker applications down to six incredible finalists to take the stage on June 5 in Zellerbach Hall at UC Berkeley. Who do you want to see share their wisdom with 1,200 AI leaders and enthusiasts? The choice is now in your hands. You can vote in Audience Choice through March 21 at 11:59 p.m. PT. But make your vote count because you can only choose one speaker! Don’t forget to lock in your…

HUMBL has secured a $500k investment from Quail Hollow Capital.The investment was made through the purchase of a Convertible Promissory Note, providing HUMBL with capital to support key business operations. The funding will be used to cover public company operating costs, including audits, accounting, legal, and compliance expenses.HUMBL operates in the North American and Latin American markets, leveraging its access to physical assets and distribution networks to create economic opportunities. The company has undergone a strategic transformation, shifting from technology assets to a shareholder value-driven model under the leadership of CEO Thiago Moura.HUMBL offers a digital wallet to store, buy,…