week for big tech. plus a pre halloween treat as the us economy returns to growth. but inflation s still a nightmare for president biden with midterm elections looming. we start with the world s richest man: billionaire boss of tesla space entrepreneur and now the new owner of twitter. elon musk has now closed his $41; billion takeover of the social media giant ahead of a 5pm deadline set by a us court. and he has moved quickly to sack the company s senior management. it brings to an end a six month long and often bad tempered takeover battle that has raised some big questions about the future of the company. from san francisco here s our technology correspondent james clayton. when elon musk had an offer to buy a twitter accepted in april, he could barely conceal his excitement. but that initial enthusiasm soon began to wane. tech stocks were plummeting and many wondered whether he d paid too much for twitter. mr musk also claimed that twitter was filled with fake
is a global challenge which we will continue to work with other countries in order to make that change on global warming. arsenal player pablo mari is among several injured in a stabbing in italy which left one person dead and in sweden, resesarchers say they re close to completing the first crash test dummy based on an average woman. space probes have witnessed a big impact crater being formed on mars the largest in the solar system ever caught in the act of excavation. hello and welcome if you re watching in the uk or around the world. the world s richest man, elon musk, has completed his long running £38 billion takeover of the social media company, twitter. the entrepreuner tweeted the bird is freed, in an apparent reference to the deal closing. mr musk also posted a longer statement on twitter, saying he didn t buy the firm to make more money. i did it to try to help humanity, whom i love . there are reports that a number of senior executives have been sacked an
family members say they were not permitted to meet the men before they were killed. president volodymyr zelensky welcomes the announcement of the us supplying ukraine with armoured fighting vehicles for the first time. meanwhile, russia s unilateral ceasefire appears to have had little effect on the front line. you re watching bbc news. now, it s time for talking business. a hundred years ago, oil was the most sought after commodity. today, it s these chips that run the world. they provide the processing power for everything we use, from smartphones to aircraft and cars to microwaves. but the fight for who controls the supply chains, the network of companies that make these devices, is escalating. translation: we will focus on national strategic needs l and pool our resources together to boost cutting edge research in science and technology domestically, and resolutely win the battle in key technologies. so instead of relying on chips made overseas in places like china, the s
well, the us chips act is helping level the playing field. over the course of the last couple of decades, a lot of the manufacturing of silicon moved to asia because of the incentives provided by the governments here, and now us chips act is able to bridge the cost gap that exists in production in the us versus asia. so us chips act will provide the necessary grants and the investment tax credits to enable more manufacturing in the us. yeah, i m glad you mentioned cost, because there s a reason that the supply chains move to asia in the first place, isn t there? are you confident that the us can be the dominant manufacturer? well, the supply chains for memory manufacturing will be diversified. of course, micron has a well diversified footprint of manufacturing here in asia, and micron will continue to invest in ourfabs in asia to meet the demand needs of the future. but also in order to meet the growth in demand, we need to add new capacity. so us new manufacturing fabs that
pandemic, getting infrastructure passed up on capitol hill, as well as one of the largest investments in climate change initiatives that was passed earlier in the fall. this would certainly mark a big moment of change for the white house, as president biden is entering his final two years of office, and potentially launching another re-election bid. ron klain has worked with biden for a very long time, dating back to his time in the senate, also as vice president and advising his campaign from the outside back in 2020. cnn has reached out to the white house for comment on this and has yet to receive comments specifically. the new york times today is reporting on a very significant development as they say the white house chaff ron kli chief of staff ron klain will step down in near weeks. is he stepping down, does it have anything to do with the recent classified documents, handling of, you know, from the white house? is it instead, as the new york times is reporting,