Musk tries hard to acquire Twitter

News of the day, Monday, April 25

Elon Musk, Tesla’s CEO, has met with Twitter’s shareholders over the past two days. He seeks support for his bid to acquire the social network and make it private to grow a genuine platform for free speech. Twitter Inc began the deal negotiations, but it doesn’t mean that it will accept the previous $54.20 per share bid. However, it might explore more attractive terms.  

After Emmanuel Macron won the presidential election, the U.S. dollar climbed against the euro. The Dollar Index traded 0,4% higher at 101.625. The victory of Macron boosted the euro a bit, however, it was short-lived as investors switched to the global growth outlook after the U.S. Federal Reserve tightens monetary policy. Last week the Fed’s chairman Jerome Powell announced the possibility of a 50 basis point rate hike in the next meeting in May.

The price of Brent crude is $101.10, WTI — $97.20, GBP/USD — 1.2739, EUR/USD — 1.0738, and gold costs $1915.90 per ounce.