Domestic Politics and Influence: The influence of wealthy individuals like Elon Musk in US politics, particularly concerning the Trump administration, is a significant theme. His shifting role and the reactions to his political spending are highlighted. Additionally, domestic legal and political developments within the US, such as the dismissal of the NYC Mayor's corruption case and a drop in Trump's approval rating, are noteworthy.Elon Musk's Role in the Trump Administration: President Trump reportedly told his inner circle that Elon Musk will be "stepping back in the coming weeks from his current role as governing partner, ubiquitous cheerleader and Washington hatchet man." Insiders suggest this transition, likely coinciding with the end of his "special government employee" status (expected late May or early June), will see Musk retain an informal advisory role. However, some administration officials view Musk as a "political liability."One senior administration official noted Musk is "likely to retain an informal role as an adviser and continue to be an occasional face around the White House grounds."Another cautioned that anyone who thinks Musk will "disappear entirely from Trump’s orbit is ‘fooling themselves.’"Musk's significant spending in the Wisconsin judicial race, totaling over $26 million, was seen by some as a "referendum on the polarizing mogul" and became a rallying point for Democrats. Despite this, Trump sees Musk as a valuable "heat shield" and an "essential component of both President Trump’s political operation and the broader Republican Party apparatus," due to his financial contributions and control of X (formerly Twitter).Trump's Import Tariffs: President Trump announced a plan to "impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners." This move is expected to escalate trade wars and could lead to significantly higher prices for consumers.NYC Mayor Adams' Corruption Case Dismissed: A U.S. judge dismissed the corruption case against New York City Mayor Eric Adams "with prejudice," meaning the charges cannot be brought again. This decision was contrary to the Justice Department's request for dismissal without prejudice, with the judge noting that such a dismissal could create the perception that Adams was beholden to the Trump administration's immigration enforcement priorities.Judge Ho wrote, "Dismissing the case without prejudice would create the unavoidable perception that the Mayor's freedom depends on his ability to carry out the immigration enforcement priorities of the administration, and that he might be more beholden to the demands of the federal government than to the wishes of his own constituents."Trump's Approval Rating: A Reuters/Ipsos poll found Trump's approval rating has fallen to 43%, "lowest since returning to office."Law Firm Industry Split: A legal brief challenging an attack on the core tenets of the legal profession is facing difficulty in gaining signatures from the largest law firms, reflecting a "broader split among law firms since Mr. Trump began issuing executive orders against firms that he claimed were hostile to his administration."

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