(FILES) Tesla CEO Elon Musk (R) joins former US President and Republican presidential candidate Donald Trump during a campaign rally at site of his first assassination attempt in Butler, Pennsylvania on October 5, 2024. Donald Trump will be the one taking the presidential oath next week, but in some respects, billionaire Elon Musk might as well place his hand on the Bible too. In an unprecedented relationship for modern US history, Trump will be heading into the White House shadowed by an advisor who is not only the world's richest person but matches the incoming president in terms of wild ambition, hard-right politics, and media influence. (Photo by Jim WATSON / AFP)

By Agence France-Presse

January 17, 2025

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WASHINGTON, D.C. — They increasingly own everything from access to space to how we get news on Earth and now outgoing President Joe Biden warns America's new breed of Donald Trump-allied oligarchs could gobble up US democracy itself.

Biden used his farewell speech to the nation to deliver a shockingly dark message: that a nation which has always revered its entrepreneurs may now be at their mercy.