Financial Times

“A star is born: Elon,” said Donald Trump in a lengthy shout out to his biggest donor while claiming victory in the US presidential race on Wednesday morning.  Trump’s win ushers in a new era for Musk—already the world’s richest person with a $260bn fortune—whose gamble on a knife-edge US election paid off as he is set to become one of the incoming president’s most influential political and business advisers. Musk’s promised role as head of a new Department of Government Efficiency will give the billionaire sweeping powers to recommend deep cuts to what he deems a “vast federal bureaucracy