From Bloomberg Markets and Finance.

“All the different hoaxes. The new one is that President Trump has ceded the presidency to Elon Musk. No, no, that’s not happening.”
President-elect Donald Trump, speaking to  a conservative audience in Phoenix, says Musk is "not taking the presidency.” Trump has tapped Musk to head a cost-cutting and deregulation effort he calls the Department of Government Efficiency, and the appointment has already brought complaints of conflicts of interest.
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