Musk Faces SEC Deadline Amid Expanding Influence

Elon Musk, under scrutiny as his influence grows, tapped into social media to reveal an SEC directive demanding he settle or face charges over alleged securities violations during his Twitter acquisition. Meanwhile, President Biden is set to award Liz Cheney and others the Presidential Citizens Medal.

Elon Musk is once again at the center of controversy as the Securities and Exchange Commission (SEC) pressures him to settle allegations of securities violations related to his $44 billion Twitter acquisition. Through social media, Musk expressed his surprise, namedropping SEC Chair Gary Gensler. The directive comes amid mounting scrutiny of Musk's business maneuvers.

In other significant developments, former Representative Liz Cheney will be among those receiving the Presidential Citizens Medal. President Joe Biden will honor 20 individuals for their outstanding service to the nation. Cheney's award comes as recognition for her opposition to former President Donald Trump, marking a significant moment in current U.S. domestic news.

The U.S. Commerce Department is contemplating new regulations to restrict or ban Chinese drones on national security grounds. This move aims to safeguard against potential foreign adversaries accessing sensitive data through these devices. Public feedback is sought by March 4 on rules to secure the drone supply chain.

(With inputs from agencies.)