The U.S. and EU appear to be nearing a deal on non-tariff trade issues, including deforestation rules and the treatment of U.S. tech companies. A draft “agreement on reciprocal trade ...

EU Quizzes Musk’s X over xAI Takeover Amid Digital Services Act Probe ‘We are following closely changes in the corporate structure of X,’ the European Commission says By Edith Hancock Share ...

This investigation stems from how xAI’s acquisition of X in March increases the fine. The Commission can fine up to 6% of a company’s annual global revenue.

The EU is scrutinizing Elon Musk's X over corporate restructuring following its $33 billion acquisition by xAI, amid ongoing concerns about compliance with the Digital Services Act.

Elon Musk could be facing billions in fines from EU regulators following the acquisition of X by his AI startup, xAI. Musk’s companies merged following a $33B acquisition of the social media platform, ...

The European Union said on Thursday it was seeking more information from Elon Musk's X about changes to its corporate structure, months after the social media platform was bought by xAI in a $33 ...

The EU had announced a probe into X's alleged breaches of the DSA in December 2023. (Reporting by Jaspreet Singh and Niket Nishant in Bengaluru; editing by Diane Craft and David Gregorio) ...

"We are following closely changes in the corporate structure of X, as we would changes in any other designated platform," a spokesperson for the European Commission, the EU's executive arm, said ...

Elon Musk's social media platform X has reportedly made a visible push to clarify its blue checkmark policy as European regulators ramp up scrutiny that could lead to a massive fine.

Send a tip to our reporters Site feedback: Take our Survey By Bloomberg News June 2, 2025 at 10:26 PM EDT Updated on June 3, 2025 at 9:17 AM EDT Save ...

Elon Musk’s social network X is showing users a prominent disclaimer about the platform’s blue checkmark program in a bid to appease concerns from the European Union’s content regulators ...