Elon Musk's Controversial Remarks Spark Backlash and Defenses

Hedge fund manager Bill Ackman has come to the defense of Elon Musk after major advertisers pulled ads from social media site X due to backlash over Musk's agreement with a post containing antisemitic commentary. Musk's comments prompted criticism from the White House and Tesla shareholders, with some investors calling for his suspension as CEO. Advertisers such as Apple and Disney have suspended or halted spending on X. Ackman, who has expressed interest in a deal with X Corp, has invested $10 million in the social media platform through his firm's foundation and has been vocal in calling for Harvard to address antisemitism.