Breakfast Briefing: Elon Musk mocks the SEC

Plus: Brett Kavanaugh pens an op-ed for the 'WSJ' editorial page; Goodbye, Tronc.

Photo credit: Getty Images
Photo credit: Getty Images

So much for "adult supervision" on Twitter. Elon Musk mocked the Securities and Exchange Commission on the platform on Thursday as the "Shortseller Enrichment Commission" and praised the imaginary rebranding as "so on-point." Investors, however, were not laughing. The Tesla CEO reached an agreement last weekend with the SEC to step down as the company’s chairman and pay a $20 million fine over his August tweet claiming that he secured funding to take Tesla private. The company also agreed to implement additional controls over Musk’s communications.

Brett Kavanaugh changed his tone in an op-ed for The Wall Street Journal posted on Thursday evening. The Supreme Court nominee kind of apologized for the tenor of his appearance before the Senate Judiciary Committee last Thursday, saying, "I might have been too emotional at times." Kavanaugh could be confirmed as early as this weekend.

Facebook employees are upset one of the company’s top executives appeared at last Thursday’s hearings in support of Kavanaugh. Staffers reportedly questioned CEO Mark Zuckerberg at his weekly internal Q&A last Friday about why policy chief Joel Kaplan was sitting near Kavanaugh’s family at the contentious hearing.

Apple continued its strong pushback against a Bloomberg Businessweek article on Thursday, posting the full statement it gave to the magazine ahead of its publication of a story essentially saying Chinese "spy chips" had infiltrated company servers. Apple said it conducted network tests each time it was contacted by Bloomberg and found no evidence its servers were infiltrated.

Goodbye, Tronc, and good riddance. The weird and widely mocked sci-fi b movie-like brand will soon be no more as the publishing company changes its name back to Tribune Publishing Co. It owns the Chicago Tribune, the New York Daily News, the Orlando Sentinel, and several other media properties.

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