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What BBN said on air. The facts are in the original report: Axios.

  1. Hank LedgerWelcome back. Good evening again, and on this Tuesday, October twentieth, tonight's headlines. SpaceX and Tesla weigh a merger. Kate wears Diana's tiara.

  2. Hank LedgerAnd a twist in the Omar investigation.

  3. Hank LedgerOur lead story.

  4. Hank LedgerSpaceX and Tesla have formed special committees to discuss a possible merger, and Elon Musk, who runs both, says he thinks it's a good idea.

  5. Hank LedgerGloria Vance has the details. Gloria.

  6. Gloria VanceThank you, Hank. Musk made the announcement Tuesday on SpaceX's earnings call, Axios reports. The two companies already work together on chips and artificial intelligence.

  7. Gloria VanceTesla bought roughly two billion dollars of SpaceX shares in March, and they are jointly building a chip plant in Texas called Terafab.

  8. Gloria VanceMusk described the committees as an odd kabuki dance, where two groups talk and he cannot be in the conversation, Investing.com reports.

  9. Hank LedgerHe can't be in the conversation.

  10. Gloria VanceCorrect. He leads both companies, so the two sides are negotiating over a man who has been asked to wait in the hall.

  11. Gloria VanceHe also said half of all outstanding Tesla shares must support any deal, which he called a high hurdle, Axios reports.

  12. Chip DarnellA merger! Two big companies becoming one big company! That's a neighborhood coming together, Gloria.

  13. Gloria VanceChip, it is one man agreeing with himself across two boardrooms. But your enthusiasm is noted.

  14. Chip DarnellNoted! I'll take it.

  15. Gloria VanceAnalyst Gene Munster told Axios he puts the chance of a deal within two years at ninety-five percent. Gloria Vance, BBN News, New York.

  16. Hank LedgerThanks, Gloria. Story two. Chip Darnell has it.

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