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Apple News Today

How Musk built his empire off of government contracts

03 Mar 2025

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On today’s show: After a contentious meeting between Trump and Zelenskyy, European leaders rallied around Ukraine and pledged increased economic and military support. ABC News has the details on the new aid and a proposed framework for a peace deal to end the war between Russia and Ukraine. Desmond Butler with the Washington Post reports that Elon Musk – whose DOGE team is trying to cut down on government funding — is himself one of the biggest beneficiaries of taxpayer money, having received at least $38 billion from government contracts over more than 20 years. At the Oscars, ‘Anora’ stunned the movie world by taking home many of the most prestigious awards, NBC News reports. The Hollywood Reporter has a complete list of Sunday’s winners. Plus, Israel halted all humanitarian aid into Gaza on Sunday amid rising ceasefire tensions, Health and Human Services Secretary Robert F. Kennedy Jr. said the measles outbreak is a “call to action for all of us,” and the figure-skating community paid tribute to the victims of the recent midair collision near Washington, D.C.  Today’s episode was hosted by Shumita Basu.

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Full Episode

5.083 - 24.202 Shumita Basu

Good morning. It's Monday, March 3rd. I'm Shamita Basu. This is Apple News Today. On today's show, how government funding helped build Elon Musk's business empire, the big winners from Hollywood's biggest night, and the figure skating community pays tribute to victims of January's mid-air collision.

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34.181 - 57.554 Shumita Basu

But first, after a disastrous meeting on Friday between President Trump, Vice President Vance, and Ukrainian President Volodymyr Zelensky, European allies rushed to support Ukraine. And by Sunday, the U.K. announced plans to give Ukraine access to nearly $2 billion to bolster its defenses as a first step toward a peace agreement that the U.K. plans to present, along with France, to Trump.

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58.055 - 59.896 Shumita Basu

Here's U.K. Prime Minister Keir Starmer.

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60.543 - 71.703 Keir Starmer

Today I'm announcing a new deal which allows Ukraine to use £1.6 billion of UK export finance to buy more than 5,000 air defence missiles.

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72.475 - 93.331 Shumita Basu

Starmer also offered a nearly $3 billion loan for Ukraine that would be paid back using profits from sanctioned Russian assets. And he promised Ukraine that European nations would keep aid flowing and keep economic pressure on Russia. He said a, quote, coalition of the willing would commit to defend Ukraine, though he didn't say which nations would be involved.

93.891 - 98.855 Shumita Basu

He did say, however, that Ukraine's participation in peace talks would be non-negotiable.

99.38 - 107.859 Keir Starmer

We agreed that any lasting peace must ensure Ukraine's sovereignty and security. And Ukraine must be at the table.

108.834 - 125.744 Shumita Basu

French President Emmanuel Macron told the newspaper Le Figaro that the peace proposal will include a one-month ceasefire by air, sea, and for energy infrastructure. But he said for now, no European troops will be deployed. And Starmer told the BBC that Trump has agreed to discuss the proposal.

126.724 - 135.149 Shumita Basu

All of this comes after an explosive meeting at the Oval Office on Friday, where Trump and Vance reprimanded Zelensky, at times shouting.

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