You can read the full investigation with @jessicakmathews.bsky.social here:
fortune.com/2025/11/12/e...
Boring has never paid a penalty for incidents on its Nevada sites.
For those digging the tunnels, a perceived lack of consequence has sent a clear message: “It seems like people are going to have to die, because they won’t make shit safe for us,” one current employee says.
As the fallout from the closed investigation has been quietly playing out behind the scenes, more safety incidents have occurred on Boring project sites in Las Vegas, under what one recently departed employee described as a “cowboy” culture regarding safety protocols
The Boring Company’s project, which aims to build an 104-station network of underground tunnels under Las Vegas, is one of several major investments that Elon Musk has made in Nevada, including the $7 billion Tesla Gigafactory
The sequence of events raised alarm and has had a chilling effect within Nevada’s safety regulator, and it raises questions about the degree to which a powerful business is able to bend regulatory guardrails to its will and skirt proper oversight
At the beginning of that meeting, the citations and fines—among the agency’s largest in a decade and a potential threat to Boring’s plans to build tunnels in other U.S. cities—were summarily rescinded
Soon, something else disappeared: The record of the Governor’s office meeting
Boring Company was challenging citations from Nevada’s workplace safety regulator blaming it for chemical burns two firefighters had suffered in its tunnels during a training exercise.
By the next afternoon, a group of high-ranking state officials met with Davis, fresh from DOGE
🧵On May 28, hours after Nevada’s workplace safety agency served notice of more than $400,000 in fines to Elon Musk’s $5.6 billion tunneling startup the Boring Company, the phone rang at Nevada governor Joe Lombardo’s office.
Boring Co. president Steve Davis was on the line
Scoop: Meta is looking to get back into the stablecoin game 3 years after the failure of Libra/Diem.
Sources told @bdanweiss.bsky.social and me that Meta is holding early discussions with crypto companies about stablecoin integration with a focus on creator payouts.
fortune.com/crypto/2025/...
A judge denied the prominent short-seller Andrew Left's motion to dismiss an SEC lawsuit against him, which alleged a scheme to defraud his followers by publishing false and misleading statements about his stock recommendations
storage.courtlistener.com/recap/gov.us...
Should be a good time
Gavin Kliger, the DOGE staffer who led layoffs at the CFPB, will have to testify at an April 28 hearing
Trump keeps threatening to fire Fed chair Jerome Powell — but can he?
I spoke with legal experts to understand the Trump administration's attempt to overturn nearly a century of precedent, and whether the Fed really is special:
fortune.com/article/trum...
Court filings from Friday detail the DOGE-led, 36-hour scramble to conduct mass layoffs at the Consumer Financial Protection Bureau—an action that a federal judge has temporarily blocked
fortune.com/article/cons...
I spoke with House Financial Services chair French Hill about squaring Trump's tariff strategy with his own free trade background, passing crypto legislation, and Congressional resolutions to defang the Consumer Financial Protection Bureau:
fortune.com/2025/04/16/f...
@jessicakmathews.bsky.social and I have a new profile of Bo Hines, the 29-year-old heading Trump's sweeping crypto agenda.
We had a chance to interview Hines and review his calendar through FOIA. We also have new details about his deep financial ties to Trump world.
fortune.com/article/dona...
Scoop: The lead attorney on the SEC's lawsuit against Elon Musk resigned last week, partly over concerns about how the case would be resolved.
This comes just days after Musk's DOGE entered the SEC:
fortune.com/2025/04/09/s...
Scoop: The lead attorney on the SEC's lawsuit against Elon Musk resigned last week, partly over concerns about how the case would be resolved.
This comes just days after Musk's DOGE entered the SEC:
fortune.com/2025/04/09/s...
Big scoop from @bdanweiss.bsky.social: The Department of Justice is disbanding its crypto enforcement unit
fortune.com/crypto/2025/...
Over the past few years, Trump's business empire has dramatically shifted from real estate and licensing to his publicly traded Trump Media shares and crypto holdings. Conflict of interest concerns from his first term look quaint in hindsight.
From the new mag issue:
fortune.com/2025/03/25/t...
As the Senate prepares for a landmark vote on stablecoin legislation, Sen. Elizabeth Warren is circulating a memo laying out risks, from Big Tech control of the financial system to consumer safety:
fortune.com/crypto/2025/...
Almost a year ago, the a16z-backed fintech Synapse collapsed, trapping $200 million in customer assets and revealing the wobbly, unregulated infrastructure underlying much of our new financial system.
My investigation w/ @agarfinks.bsky.social on what went wrong:
fortune.com/2025/03/07/s...
The Senate voted tonight to repeal key financial regulation that would have supervised digital payment platforms for fraud, privacy, and, ironically, debanking.
A major win for Silicon Valley and Elon Musk's payment ambitions for X:
fortune.com/2025/03/05/c...
For @fortune.com, Allie Garfinkle and I have spoken to Balaji's parents, friends, and experts to understand the tragic story and separate truth from conspiracy.
You can read our full story here:
fortune.com/2025/02/08/o...
In response to the lawsuit, the city's attorney's office is expected to release a letter as soon as this week, with the police and medical examiner's report expected on the same timeline.
But that might not be enough to quell the concerns
Her efforts to make sense of the inexplicable tragedy have collided with a teeming online world of conspiracy theories all too eager to latch onto grief and uncertainty. As Ramarao has pushed for answers, a rash of baseless speculation has thrived alongside the proceedings
Balaji's parents have sued the police department, whose investigation remains open, demanding their full report.
Meanwhile, his mother has taken her limited evidence on a public awareness campaign, including an appearance on the Tucker Carlson Show.
Elon Musk has predictably weighed in
Balaji's death quickly spawned conspiracy theories—the latest whistleblower to die under suspicious circumstances.
He was found with a gunshot wound to the head by his own gun, but his mother hired two experts who pointed out anomalies, including the lack of a suicide note
Balaji gained public prominence in Oct. when he went to the NYT to argue that the artificial intelligence behemoth was violating fair use laws.
He was scheduled to appear as a witness in the newspaper's landmark lawsuit against OpenAI, though he was not divulging any new information
🧵In late November, 26-year-old Suchir Balaji was found dead in his SF apartment. Just a month before, he had gone public with concerns that his former employer, OpenAI, was breaking copyright laws.
While officials deemed his death a suicide, his mother has become convinced he was murdered
