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The multi-billionaire says he needs the money in case he is forced to buy Twitter for $44bn.
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Legal and General's CEO Nigel Wilson described the UK's cost-of-living crisis as "a tragedy for many, many people" as rent and energy bills skyrocket.
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Tesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion, according to a series of financial filings published Tuesday night.
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The Cornwall Insight estimate means the average household could pay £355 a month, up from £164 currently.
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