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US regulators sue Tesla CEO Elon Musk for fraud

The US Securities and Exchange Commission is suing Tesla CEO Elon Musk for fraud, this over a tweet he made in August. The "considering taking Tesla private. Funding secured" tweet sent the electric carmaker's share price soaring, before it dropped again after the company said it would remain public. The SEC says Musk misled investors and is asking a federal court to oust him. Also, Italy's populist government hikes its budget deficit, much to the EU's concern.

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