Jamie Dimon praises Elon Musk as modern-day Einstein after settling disputes
JPMorgan Chase CEO Jamie Dimon has praised Elon Musk, calling him a modern-day Albert Einstein. Dimon expressed a desire to support Musk and his companies, especially after resolving past disputes between JPMorgan and Tesla. The two companies recently settled a lawsuit over a stock warrant deal, which JPMorgan dropped last November. Dimon mentioned that he and Musk had a positive conversation at a conference, indicating a new commercial relationship. Musk now leads the Department of Government Efficiency, which aims to update software and reduce federal spending. This shift in focus follows his significant influence in the White House after supporting Donald Trump's re-election.