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C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk takes the stage during the New York Times annual DealBook summit on November 29, 2023 in New York City. 

Michael M. Santiago | Getty Images

Elon Musk on Sunday reinstated the account of conspiracy theorist Alex Jones on X, formerly Twitter, reneging on a year-ago vow to keep Jones off the social network.

Jones was previously suspended from Twitter in 2018 for violating the company’s “abusive behavior policy.” That suspension, deemed permanent under the company’s prior management, came as Jones faced a defamation lawsuit for spreading the false claim that the Sandy Hook Elementary School shooting was a hoax.

Musk’s decision to bring Jones back to X comes on the anniversary week of the Sandy Hook shooting.

Although 20 children and six educators were killed by a gunman at Sandy Hook Elementary School on Dec. 14, 2012, in Newtown, Connecticut, Jones had falsely and repeatedly said on his show, Infowars, that the shooting never really happened, and was a staged event designed to bring about stricter gun laws.

Infowars still appeared to be banned from X as of Sunday.

Believers in Jones’ blatantly false claims would go on to harass and threaten bereft family members, in some cases physically confronting and accusing grieving parents of being crisis actors whose children had never existed, according to reports by the Associated Press. Some of those targeted had to move from their homes multiple times and could not safely visit the graves of their loved ones.

Sandy Hook victims’ relatives sued Jones in Texas and Connecticut, winning a nearly $1.5 billion judgment against him. Jones sought but did not receive personal bankruptcy protection to try to avoid paying more than $1 billion of that judgment.

Users of the Elon Musk-led X social media platform had anticipated the reinstatement of Jones since at least Thursday, when Musk said he would consider reinstating Jones.

“Since this platform aspires to be the global town square, permanent bans should be extremely rare,” Musk wrote in a Thursday post.

Musk confirmed the reinstatement on Sunday after launching a poll on X that garnered nearly 2 million votes, over half of which favored reinstating Jones.

Musk said Jones “cannot break the law,” but that if he does spread misinformation, X’s community notes feature will correct him.

Jones’ first activity on the platform in over five years was to repost a welcome-back message from Andrew Tate — an influencer known for spouting misogynistic views online and awaiting trial for charges of rape, human trafficking and forming a criminal gang to sexually exploit women in Romania. (Tate has sued the accusers who made those charges.) X has allowed Tate to monetize his account and Tate has said that he generated tens of thousands of dollars on X, previously.

While Musk — who is also CEO of Tesla and SpaceX — bills himself as a free speech defender, he has wielded his control of the X platform to suspend the accounts of perceived enemies and vocal critics there. For example, X suspended the accounts of software developer Travis Brown, a same-day private jet tracker account built by Jack Sweeney, and Aaron Greenspan, the founder of legal and public records database PlainSite.

Under Musk’s management, X has also sued a progressive watchdog group, Media Matters for America, and one of its staff members alleging defamation. The suit followed an investigative report MMfA published that said blatantly Nazi content ran on the social network alongside ads from mainstream brands there.

Musk has faced a backlash for changes he’s made at Twitter since taking over the platform in late October 2022, including the widespread reversal of account suspensions. He famously reversed the suspension of former President Donald Trump.

In recent weeks, many major advertisers suspended their campaigns on X after Musk promoted what the White House called “antisemitic and racist hate” on the site. Musk would go on to tell those advertisers to “go f**k yourselves,” and “don’t advertise,” from the stage of the 2023 DealBook Summit in New York.

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Trump aims to cut $6 billion from NASA budget, shifting $1 billion to Mars-focused missions

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Trump aims to cut  billion from NASA budget, shifting  billion to Mars-focused missions

The Trump administration has floated a plan to trim about $6 billion from the budget of NASA, while allocating $1 billion of remaining funds to Mars-focused initiatives, aligning with an ambition long held by Elon Musk and his rocket maker SpaceX.

A copy of the discretionary budget posted to the NASA website on Friday said that the change focuses NASA’s funding on “beating China back to the Moon and on putting the first human on Mars.”

NASA also said it will need to “streamline” its workforce, information technology services, NASA Center operations, facility maintenance, and construction and environmental compliance activities, and terminate multiple “unaffordable” missions, while reducing scientific missions for the sake of “fiscal responsibility.”

Janet Petro, NASA’s acting administrator, said in an agency-wide email on Friday that the proposed lean budget, which would cut about 25% of the space agency’s funding, “reflects the administration’s support for our mission and sets the stage for our next great achievements.”

Petro urged NASA employees to “persevere, stay resilient, and lean into the discipline it takes to do things that have never been done before — especially in a constrained environment,” according to the memo, which was obtained by CNBC. She acknowledged the budget would “require tough choices,” and that some of NASA’s “activities will wind down.”

The document on NASA’s website said it’s allocating more than $7 billion for moon exploration and “introducing $1 billion in new investments for Mars-focused programs.”

SpaceX, which is already among the largest NASA and Department of Defense contractors, has long sought to launch a manned mission to Mars. The company says on its website that its massive Starship rocket is designed to “carry both crew and cargo to Earth orbit, the Moon, Mars and beyond.”

Musk, who is the founder and CEO of SpaceX, has a central role in President Donald Trump’s administration, leading an effort to slash the size, spending and capacity of the federal government, and influencing regulatory changes through the Department of Government Efficiency (DOGE).

Musk, who frequently makes aggressive and incorrect projections for his companies, said in 2020 that he was “highly confident” that SpaceX would land humans on Mars by 2026.

Petro highlighted in her memo that under the discretionary budget, NASA would retire the SLS (Space Launch System) rocket, the Orion spacecraft and Gateway programs.

It would also put an end to its green aviation spending and to its Mars Sample Return (MSR) Program, which sought to use rockets and robotic systems to “collect and send samples of Martian rocks, soils and atmosphere back to Earth for detailed chemical and physical analysis,” according to a website for NASA’s Jet Propulsion Laboratory.

Some of the biggest reductions at NASA, should the budget get approved, would hit the space agency’s space science, Earth science and mission support divisions.

Petro didn’t name any specific aerospace and defense contractors in her agency-wide email. However SpaceX, ULA and Jeff Bezos’ Blue Origin are positioned to continue to conduct launches in the absence of the SLS. Boeing is currently the prime contractor leading the SLS program.

“This is far from the first time NASA has been asked to adapt, and your ability to deliver, even under pressure, is what sets NASA apart,” she wrote.

President Trump’s nominee to lead NASA, tech entrepreneur Jared Isaacman, still has to be approved by the U.S. Senate. His nomination was advanced out of the Senate Commerce Committee on Wednesday.

WATCH: CNBC’s interview with NASA’s astronauts on their nine months in space

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Temu halts shipping direct from China as de minimis tariff loophole is cut off

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Temu halts shipping direct from China as de minimis tariff loophole is cut off

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Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday.

In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, which previously blanketed the site, are now labeled as out of stock.

Temu made a name for itself in the U.S. as a destination for ultra-discounted items shipped direct from China, such as $5 sneakers and $1.50 garlic presses. It’s been able to keep prices low because of the so-called de minimis rule, which has allowed items worth $800 or less to enter the country duty-free since 2016.

The loophole expired Friday at 12:01 a.m. EDT as a result of an executive order signed by President Donald Trump in April. Trump briefly suspended the de minimis rule in February before reinstating the provision days later as customs officials struggled to process and collect tariffs on a mountain of low-value packages.

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The end of de minimis, as well as Trump’s new 145% tariffs on China, has forced Temu to raise prices, suspend its aggressive online advertising push and now alter the selection of goods available to American shoppers to circumvent higher levies.

A Temu spokesperson confirmed to CNBC that all sales in the U.S. are now handled by local sellers and said they are fulfilled “from within the country.” Temu said pricing for U.S. shoppers “remains unchanged.”

“Temu has been actively recruiting U.S. sellers to join the platform,” the spokesperson said. “The move is designed to help local merchants reach more customers and grow their businesses.”

Before the change, shoppers who attempted to purchase Temu products shipped from China were confronted with “import charges” of between 130% and 150%. The fees often cost more than the individual item and more than doubled the price of many orders.

Temu advertises that local products have “no import charges” and “no extra charges upon delivery.”

The company, which is owned by Chinese e-commerce giant PDD Holdings, has gradually built up its inventory in the U.S. over the past year in anticipation of escalating trade tensions and the removal of de minimis.

Shein, which has also benefited from the loophole, moved to raise prices last week. The fast-fashion retailer added a banner at checkout that says, “Tariffs are included in the price you pay. You’ll never have to pay extra at delivery.”

Many third-party sellers on Amazon rely on Chinese manufacturers to source or assemble their products. The company’s Temu competitor, called Amazon Haul, has relied on de minimis to ship products priced at $20 or less directly from China to the U.S.

Amazon said Tuesday following a dustup with the White House that had it considered showing tariff-related costs on Haul products ahead of the de minimis cutoff but that it has since scrapped those plans.

Prior to Trump’s second term in office, the Biden administration had also looked to curtail the provision. Critics of the de minimis provision argue that it harms American businesses and that it facilitates shipments of fentanyl and other illicit substances because, they say, the packages are less likely to be inspected by customs agents.

— CNBC’s Gabrielle Fonrouge contributed to this report.

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Trump tariffs are raising prices on Amazon and threatening to ruin U.S. sellers who source in China

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Jeff Bezos discloses plan to sell up to $4.8 billion in Amazon stock

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Jeff Bezos discloses plan to sell up to .8 billion in Amazon stock

Jeff Bezos, founder and executive chairman of Amazon and owner of The Washington Post, takes the stage during The New York Times’ annual DealBook Summit, at Jazz at Lincoln Center in New York City, Dec. 4, 2024.

Michael M. Santiago | Getty Images

Amazon founder Jeff Bezos plans to sell up to 25 million shares in the company over the next year, according to a financial filing on Friday.

Bezos, who stepped down as CEO in 2021 but remains Amazon’s top shareholder, is selling the shares as part of a trading plan adopted on March 4, the filing states. The stake would be worth about $4.8 billion at the current price.

The disclosure follows Amazon’s first-quarter earnings report late Thursday. While profit and revenue topped estimates, the company’s forecast for operating income in the current quarter came in below Wall Street’s expectations.

The results show that Amazon is bracing for uncertainty related to President Donald Trump’s sweeping new tariffs. The company landed in the crosshairs of the White House this week over a report that Amazon planned to show shoppers the cost of the tariffs. Trump personally called Bezos to complain, and Amazon clarified that no such change was coming.

Bezos previously offloaded about $13.5 billion worth of Amazon shares last year, marking his first sale of company stock since 2021.

Since handing over the Amazon CEO role to Andy Jassy, Bezos has spent more of his time on his space exploration company, Blue Origin, and his $10 billion climate and biodiversity fund. He’s used Amazon share sales to help fund Blue Origin, as well as the Day One Fund, which he launched in September 2018 to provide education in low-income communities and combat homelessness.

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