theSIGNAL BUSINESS
18 October 2026
"Sunlight is said to be the best of disinfectants."
Business

Musk Settles Million-Dollar Voter Giveaway Lawsuits

Elon Musk and his political committee have agreed to settle two class actions over a $1m-a-day promise made before the 2024 election.

One million dollars a day sounds like a lottery, and that is precisely how the plaintiffs say it was sold. In the weeks before the November 2024 US election, Elon Musk's political action committee, America Pac, promised that randomly chosen people who signed a petition supporting the US constitution would receive $1m. This week, in a federal court in Austin, Texas, Musk and the committee told a judge that they have agreed to settle two related class actions built on that promise. The numbers behind the dispute are simple, but the settlement terms are not yet known.

The filings contained no figures, and the lawyers involved either declined to comment or did not respond to requests for information. Any deal must also be approved by the court before it takes effect. The two cases were brought by Arizona residents, who argued that voters in seven swing states had been misled into signing the petition. Those states were closely contested, which, the plaintiffs suggest, made each signature and each piece of voter data especially valuable.

Musk and America Pac have denied the allegations. The timing matters. America Pac was founded to support Donald Trump, who won a second term in November 2024. In June, a federal judge ruled that Musk, who runs Tesla and SpaceX and owns the social media platform X, would have to testify in the lawsuits.

Photo: Colin Lloyd / Unsplash
A federal courthouse in Austin, Texas, where two lawsuits over a $1m daily giveaway are being settled.
💰
$1m
Daily prize promised to randomly selected petition signers
Discuss
  • Why might a defendant settle a lawsuit even after denying every allegation made against them in court?
  • How does promising a cash prize differ from ordinary political persuasion, and who should regulate that difference?
Business

Finance Chiefs Walk Out on Russia

Nearly half the delegates in Bangkok stood up and left when Russia's finance minister, Anton Siluanov, began speaking in Russian. Andrew Bailey of the Bank of England joined colleagues from France, Germany, Scandinavia and the Baltics, says Bundesbank chief Nagel. The IMF still agreed a statement, praising resilience but warning that buffers are eroding. Washington backs Russia's presence.…
  • Can the IMF stay credible when members dispute who deserves a seat?
Business

Insulation Beats Drilling in Britain's Jobs Math

Fifty thousand jobs against 1,100: that is the gap E3G found between Britain's warm homes plan and the Rosebank oilfield. The insulation scheme would also trim £1bn yearly from household bills and add £1.6bn to the economy. Rosebank's backers could earn £1.5bn, yet the Treasury risks losing £258m through tax breaks. Since oil sells on world markets, drilling would not lower British fuel prices.…
  • If insulation creates more jobs and savings than drilling, why do governments still favour oil?
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theSIGNAL IN THE LAB
IVOCABULARY
plaintiffssettle
swing statestestifyunder oath
buffersresilience
IIGRAMMAR FOCUS
Wish and if only — expressing regret
Use 'wish' or 'if only' + past perfect to express regret about the past (I wish I had known), and + past simple for unreal present situations (If only the terms were public). Use 'wish' + would to express annoyance at, or a desire to change, someone's behaviour.
had · were · would · hadn't · could · been · did
  1. Musk may well think, 'If only I never promised a million dollars a day to randomly chosen petition signers.'
  2. The plaintiffs wish the voters in the swing states not been misled into signing the petition.
  3. Journalists wish the lawyers comment on the settlement, but they have either declined or not responded.
  4. Critics of the deal wish the settlement terms public, but the filings contained no figures.
  5. Musk probably wishes the judge ruled in June that he would have to testify in the lawsuits.
  6. Several finance chiefs wish Russia's finance minister speak in Russian, since nearly half the delegates stood up and left.
IIICOLLOCATIONS
Match the verb on the left with the noun phrase it best collocates with on the right.
  1. to settle
  2. to deny
  3. to testify
  4. to approve
  5. to agree
IVCRITICAL THINKING
All three stories compare a visible, headline-friendly option with a quieter, less glamorous one: a million-dollar prize, a dramatic walkout, an offshore oilfield. Why do dramatic gestures tend to dominate public attention, and what does the media's focus on spectacle mean for how we judge the issues behind it? Choose one of the stories and argue what a more balanced way of covering it might look like.
VCREATIVE · HEADLINES
Write a headline for the top story in each of the following styles. One line each, no explanation:
  • TABLOID NEWSPAPER
  • LUXURY MAGAZINE
  • ACTIVIST BLOG
VIWRITING
Imagine you are a delegate who either stayed seated or walked out during the Russian finance minister's speech in Bangkok. In 120-150 words, write a private email to a colleague explaining your decision and what you hope it achieves.
VIIDEGREES OF EXTREMITY
Complete each ladder from mild to strong.
  • The plaintiffs were slightly misled by the promotion.→→
  • The settlement terms are somewhat unclear.→→
  • The two sides disagreed mildly over the evidence.→→
  • Several delegates were uncomfortable with the speech.→→
  • The report mentions that reserves are getting weaker.→→
  • The insulation scheme is a fairly good idea.→→
VIIISPEAKING
  1. Have you ever entered a prize draw that seemed too good to be true?
  2. When is a company's marketing promise misleading rather than just persuasive?
  3. Would you walk out of a meeting to protest a speaker? Why?
  4. Which matters more to you: lower energy bills or new jobs?