Elon Musk’s net worth dropped by $22.2 billion on Tuesday, suggesting that the markets don’t have nearly as much confidence in Musk and Trump’s DOGE slashing and grabbing as they do. This is the fourth-largest one-day drop in net worth for the billionaire,

During President Donald Trump’s first Cabinet meeting, Elon Musk made remarks about the recent efforts by the Department of Government Efficiency to reduce the government’s deficit.

Over the years, Musk and his businesses have received at least $38 billion in government contracts, loans, subsidies and tax credits, often at critical moments, a Washington Post analysis has found, helping seed the growth that has made him the world’s richest person.

Making sense of Musk’s takeover. Plus: the danger Trump poses to Ukraine; why the public remains fascinated by the Pope; and an 1887 opera by a Black composer resurfaces.