The chairman of the World Holocaust Remembrance Center has accused Elon Musk of insulting victims of Nazism after the billionaire told a German far-right political party that the country needed to “move beyond” the “guilt” of the past.

U.S. President Donald Trump told global business leaders on Thursday they should manufacture products in the United States to avoid import tariffs and enjoy low tax rates.

Elon Musk’s controversial gesture, which some interpreted as a Nazi-style salute, drew criticism from Trump’s political opponents and energized fans on the far right.

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

Elon Musk’s gesture at a Trump rally during Trump’s inauguration festivities has sparked a major backlash. Joy Reid and her panel discuss.

President Donald Trump was asked to address Elon Musk's criticism of OpenAI CEO Sam Altman at an Oval Office press opportunity with reporters on Thursday. REPORTER: Does it bother you that Elon Musk criticized a deal that you made publicly that he said that he tweeted that?

"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland, Wednesday. "The guy is our Einstein," the JPMorgan chief said. "I'd like to be helpful to him and his companies as much as we can.

Chancellor of the Exchequer Rachel Reeves joked about Elon Musk’s online “trolling” of world leaders, in a break from the UK government’s careful efforts to avoid responding to frequent criticism from the close Trump ally.

Musk, who has faced scrutiny for his extremist beliefs, has suggested angry reactions to the gesture are part of a Democratic-led hoax.

Senators Susan Collins and Lisa Murkowski were the only two Republicans who voted against Donald Trump’s choice to head the Department of Defense, Pete Hegseth, in a procedural vote Thursday, citing concerns with his ability to lead the U.S. military.

BERLIN (Reuters) - U.S. billionaire Elon Musk called the chancellor of Germany "Oaf Schitz" on his social media platform X on Tuesday, responding to a video of the leader's comments on free speech at the World Economic Forum in Davos.