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The Elon-Wall Street Game of Chicken

News and notes on the latest intrigue at the upper echelons of Wall Street: Bridgewater after Dalio, the anxiety of Elon’s bankers, and a prophecy from Larry Summers.

Tesla C.E.O. Elon Musk.
Tesla C.E.O. Elon Musk. Photo: Carina Johansen//NTB/AFP via Getty Images
William D. Cohan
October 9, 2022

Late Thursday, the Chancery Court gave Elon until October 28 to get his deal done to buy Twitter. Judge Kathaleen McCormick also postponed the trial until November at the earliest and postponed his deposition. These are all lucky breaks for Elon and other than wanting to take what surely will be a messy trial off her docket, I’m not sure why she took pity on the world’s richest man.