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Moneywatch - CBSNews.com

Over half of Americans say their finances are worsening, Gallup poll finds Gas prices jump to their highest level since start of Iran war Taylor Swift files to trademark her voice and image amid rise in AI deepfakes United Arab Emirates says it will permanently leave OPEC on May 1 Will the Fed cut interest rates? Here's what to expect at Wednesday's meeting. Hundreds of Google workers urge CEO to refuse classified AI work with Pentagon The legal showdown between Elon Musk and Sam Altman begins today. Here's what to know. California billionaire tax secures enough signatures to make ballot United Airlines CEO says he approached American Airlines to discuss possible merger Prediction markets in hot seat over rogue bettors and insider trading Tillis says he's prepared to move forward with Kevin Warsh's nomination for Fed chair How high energy bills, driven by new data centers, are affecting average Americans Naval escorts will likely be needed when Strait of Hormuz reopens, Chevron CEO says In 8 weeks, the Iran war has dented the U.S. economy. The damage could linger, economists say. Trump extends Jones Act waiver for another 90 days Trader Joe's customers sue over coffee's caffeine levels IEA says Iran war will keep the global natural gas market tight for two years Here are the college majors that new grads regret the most, according to a recent survey Food prices could rise more amid the Iran war. Here's how to cut costs on groceries. Planning to fly this summer? Book now before prices surge, airline experts say. Air travel prices likely to get worse in coming weeks, Chevron CEO says Only one Trump "gold card" visa has been approved so far, Commerce's Lutnick says Nearly 208,000 heated socks sold at Costco are recalled after customers report burns Meta to cut 8,000 jobs as it charges into AI JetBlue used customers' personal data to set ticket prices, lawsuit alleges How much does it cost to raise a child? Judge approves $425 million Capital One settlement. Here's what customers should know. AI is fueling a massive surge in crypto fraud schemes, IRS investigators say Why is the Trump administration considering bailing out Spirit Airlines? Rents around the U.S. are growing more slowly than they have in years Crypto billionaire Justin Sun sues Trump family's World Liberty Financial, alleging fraud Anthropic investigating possible breach of its Mythos AI model CBS News gas and oil price tracker shows how much energy costs are rising amid the Iran war Trump Media replaces CEO Devin Nunes as its losses top $1 billion Condom maker warns prices may rise due to Iran war supply disruptions It's not just gasoline. U.S.-Iran war could drive prices higher for many products derived from petroleum. Medigap premiums leap, and consumers have few alternatives John Ternus prepares to take over Apple after Tim Cook resignation Meta failed to protect social media users from scam ads, lawsuit alleges UPS, FedEx and DHL are seeking tariff refunds. Here's what it means for consumers. Kevin Warsh testifies that the Federal Reserve will remain "strictly independent" Will gas dip below $3 a gallon this year? Here's what experts predict. Oil only accounts for half the cost of a gallon of gas. Here's where the rest comes from. Who will run the Federal Reserve if the Senate doesn't confirm Trump pick Kevin Warsh? Tariff refund portal off to bumpy start as some businesses report glitches This frequently used Social Security strategy could cost you $182,000 Uber found liable for actions of driver who grabbed passenger's inner thigh Tim Cook to step down as Apple CEO, with John Ternus tapped as successor Kevin Warsh faces lawmakers in Fed chair confirmation hearing. Here's what to expect. United Airlines merger with American Airlines would hurt consumers, senators say Food stamp work rules don't increase employment, researchers say Seeking accountability in trucking accidents Selling cars for a song Can Allbirds take flight as an AI company? 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Spirit Airlines may halt operations within days, sources say Trump tries to change conversation from war to the economy This is the fastest-growing job for young workers, LinkedIn says NPR receives $113 million in charitable gifts, including $80 million from Connie Ballmer Despite uncertainty over the Iran war, the S&P 500 and Nasdaq hit record highs. Here's why. Trump administration launches tariff refund portal. Here's what to know. Treasury secretary says Americans can already see refunds as Trump's tax breaks kick in Live Nation and Ticketmaster illegally monopolized big concert venues, jury rules Can fans get refunds after Ticketmaster ruling? S&P 500, Nasdaq hit record highs as investors shrug off Iran war fears Allbirds says it's ditching footwear and pivoting to become an AI company Why Jerome Powell — not Trump — will decide when the Federal Reserve chief exits the scene Woman says "I felt betrayed" and claims her brother drained her parents' life savings It's Tax Day. 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IMF warns about risk of global recession as Iran war impacts energy costs Fed Chair nominee Kevin Warsh is worth well over $100 million, new financial disclosure forms show United CEO floated idea of United-American Airlines merger, sources say Stocks rally, oil dips below $100 a barrel as investors signal hope for swift end to Iran war McDonald's to start selling refreshers and crafted sodas nationwide in May Roblox to introduce age-based accounts in latest effort to shore up safety measures Beef, that all-American food, is getting harder for Americans to afford 4/12: Sunday Morning - The Money Issue Fighting for health care claim approvals Anthropic's Mythos AI can spot weaknesses in almost every computer on Earth. Uh-oh. How Middle East tensions impact prices in U.S. GM recalls more than 270,000 cars in U.S. over rearview camera risk Strait of Hormuz remains shut as Trump pushes U.S. allies to help open the key waterway. Here's what to know. Iran war hits housing market as mortgage rates rise to 6% on inflation fears
Musk flew to China as OpenAI trial nears its end, after judge warned he could be called back into court
2026-05-14 · via Moneywatch - CBSNews.com

By

Jacob  Rosen

Jacob Rosen

Justice Department Reporter

Jake Rosen is a reporter covering the Department of Justice. He was previously a campaign digital reporter covering President Trump's 2024 campaign and also served as an associate producer for "Face the Nation with Margaret Brennan."

Read Full Bio

/ CBS News

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Elon Musk arrived in Beijing on Wednesday, as his $150 billion civil lawsuit against OpenAI CEO Sam Altman played out in a California courtroom. 

Whether Musk, the world's richest man, should have traveled abroad during the trial is a question that could come up in court.

At the conclusion of Musk's testimony in late April, U.S. District Judge Yvonne Gonzalez Rogers of San Francisco told Musk he was subject to recall, meaning he could be brought back to the stand for further testimony, at the request of attorneys for OpenAI.

"Mr. Musk, you are not excused, but you can leave for the day. Okay?" Rogers said to the Tesla and SpaceX CEO and X owner, according to a transcript of his testimony. 

Because the trial is in civil court, Musk, despite being a party in the case as well as a witness, was not required to attend in-person for the entirety of the trial. The judge did not explicitly direct Musk to remain in the proximity of the courthouse or not to travel.

Musk boarded Air Force One Tuesday and flew overnight to China. He and several other business leaders were invited to travel to Beijing with President Trump, who is meeting this week with Chinese President Xi Jinping.

The last day of testimony in the OpenAI trial was Wednesday and closing arguments are scheduled for Thursday, meaning Musk will almost certainly be absent for both. 

Musk didn't immediately answer a request for comment from CBS News.

Musk and OpenAI CEO Sam Altman co-founded the company as a nonprofit in 2015. Musk has since left OpenAI and is now suing Altman, alleging he flouted the nonprofit's original mission and is prioritizing profits. Musk is seeking to have Altman removed from the company's board, the company reverted back to a nonprofit, and have millions to be transferred to the charity arm at OpenAI.

OpenAI counters that Musk is looking to boost his own firm, xAI.