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0. Data and calendar

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All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Elon says he formed centrist America Party

X: Elon Musk.

“[L]aser-focus on just 2 or 3 Senate seats and 8 to 10 House districts,” Elon Musk said on X.
TBD: details on the new party.
The decision came a day after Trump signed his tax-cut and spending bill.
Pro-AI and pro-growth define the America Party wishlist proposed by tech investor Tyler Palmer.
“Saddened to watch Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRACK,” Trump said on Truth Social.
A 3rd political party has never succeeded in the U.S. and is good for only creating “Complete and Total DISRUPTION & CHAOS,” Trump said.

MarketWatch: Tesla stock.

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Representational image generated using ChatGPT.

Sep. 5: the new app, codenamed M2, is reportedly set to debut on the U.S. app stores.
Mar. 2026: the existing TikTok app will be shut down in the U.S.
Data-security concerns could be addressed by the new app.
Fri.: Trump suggested that the U.S. was close to a deal for a group to buy TikTok’s U.S. operations.
- Trump admin would start talking to Chinese authorities on the deal this week.
Relatedly, Apple and Google were told to ignore TikTok ban, citing Trump’s constitutional powers, newly disclosed letters show.