3. Welcome to Elon Musk's Twitter
Within days of closing his $44 billion deal to buy Twitter, Elon Musk tweeted an unfounded, anti-LGBTQ conspiracy theory, from a website known to post false information, about last week's brutal attack on House Speaker Nancy Pelosi’s husband, Paul. Musk, who has more than 112 million followers on Twitter, linked to the site in a Sunday morning reply to former Secretary of State Hillary Clinton, who had criticized the GOP for spreading conspiracy theories, such as the ones Pelosi’s attacker did online. The billionaire CEO of Tesla and SpaceX eventually took down his tweet Sunday afternoon, but not before it had more than 24,000 retweets and 86,000 likes, according to NBC News. Critics of Musk, concerned that content moderation would suffer on Twitter after his takeover, pointed to the incident as an indication their worst fears were coming true.
Read more: GM pauses paid ads on Twitter after Musk’s takeover
4. Kyiv under attack
Russian missiles hammered Ukraine’s capital, Kyiv, on Monday morning as the Kremlin sought to further cripple Ukraine’s utility infrastructure. “There is no water supply in some areas,” said Kyiv’s mayor, Vitali Klitschko. Russian forces targeted facilities in other areas of Ukraine, as well, as they look to disrupt daily life throughout the country. “The Russians targeted energy infrastructure facilities in Dnipro and Pavlohrad. Serious destruction is recorded. All services are working on site,” said a regional Ukrainian military official. Read live war updates here.
5. No reprieve in the euro zone
There’s no escaping inflation in the euro zone. Europe’s statistics office published preliminary numbers Monday that said inflation grew at a 10.7% annual rate in October, which would be a record for the 19-member bloc. Russia’s war in Ukraine is the main catalyst for the rapid and aggressive price growth: Energy prices jumped 41.9% year-over-year, while food, alcohol and tobacco prices were 13.1% higher on an annual basis. Inflation is high all around, but it’s especially dire in Estonia, Latvia and Lithuania, which all posted price growth of over 20% compared with the same period a year earlier. The reading will put even more pressure on the European Central Bank, which raised rates by three-quarters of a point last week – and has pledged more increases.
– CNBC’s Jesse Pound, Jordan Novet, Holly Ellyatt and Silvia Amaro contributed to this report.
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