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Joe Gebbia, left, is a confidant of Elon Musk. Could he be pulled into his friend’s feud with the president?Credit…Caroline Brehman/EPA, via Shutterstock

Andrew here. The Trump-Musk drama is back, and it could put a certain Silicon Valley star in a bind. We tell you who and what’s at stake.

We also dive into the Senate tax and policy bill that has gone back to the House, where it faces big challenges. And we have some thoughts ahead of this week’s jobs numbers that could indicate what the Fed will do on interest rates.

The short-lived truce between President Trump and Elon Musk appears over, broken by Musk’s persistent criticism of the Republican domestic policy bill — more on that below — and then the president’s heated response.

“Elon may get more subsidy than any human being in history, by far,” Trump wrote on Truth Social on Tuesday. The president added, “Perhaps we should have DOGE take a good, hard, look at this?”

But any move to sic the so-called Department of Government Efficiency, the government cost-cutting initiative that Musk championed, on him could put one man in an increasingly complicated position: Joe Gebbia, the Airbnb co-founder.

Gebbia has many roles. He sits on Tesla’s board and is a close friend and confidant of Musk, the Tesla chief. That means Gebbia has a fiduciary duty to the carmaker and its shareholders.

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