Nicola M. White

How does the on-paper wealth of the CEO of a tiny, money-losing herbal medicine company briefly soar to $33 billion? If you're mystified, you're not alone. $RGC t.co/EkAVhBEAuB

Y’all, @nicolareporter.bsky.social is in this episode of Elon, Inc.! Give it a listen wherever you get your podcasts.

Acting SEC Head Remakes Agency Even Before Trump Pick Confirmed President Donald Trump’s nominee to lead the agency that regulates Wall Street has yet to be confirmed, but the sweeping changes to the watchdog from his temporary stand-in are starting to pile up.

Lots of change at the SEC and how it's a sign of things to come. 👇
www.bloomberg.com/news/article...

SEC Dangles $50,000 Incentive for Employees to Resign or Retire The US Securities and Exchange Commission is offering eligible employees a $50,000 incentive to resign or retire by April 4, according to an email reviewed by Bloomberg.

SEC offers $50K incentive for employees to resign or retire.

www.bloomberg.com/news/article...

SEC Official Sought Staff’s No-Politics Pledge on Musk Lawsuit The case went forward, but the unusual request has contributed to a growing sense of unease inside the agency’s enforcement division, according to people familiar with the matter.

NEW: The acting SEC chairman sought a pledge from staffers that their investigation of Musk was not influenced by politics, an unusual and jarring request that they rejected. www.bloomberg.com/news/article...

CFTC Fires Some Employees in Latest Government Job Terminations The Commodity Futures Trading Commission terminated about a dozen probationary employees this week as President Donald Trump continues his bid to shrink the federal workforce.

Cuts come to the CFTC.

www.bloomberg.com/news/article...

One thing I didn't stress in this story: The FDIC is largely funded through fees and assessments on banks. So is the OCC. The CFPB is funded through the Fed. Even if you believe the efficiency/taxpayer money argument, these agencies aren't ballooning the federal budget.

Trump Tightens Grip On Bank, M&A Regulators in Latest Order President Donald Trump sought to rein in independent federal agencies in an executive order Tuesday that aims to curb the ability of some of Washington’s most powerful regulators to oversee banks and ...

White House move with far-reaching consequences. Trump late Tues signed an EO curbing the power of independent federal agencies like the SEC, FTC, and FCC. They'd have to submit their draft regs for WH review, a major shift in decades-long tradition.

www.bloomberg.com/news/article...