Daily Business Briefing: Twitter’s stock falls further as doubts swirl over Elon Musk’s takeover.

Plus: How a court fight between Twitter and Elon Musk could play out.

July 11, 2022, 2:40 p.m. Eastern time Good afternoon. Here's what we're covering. Twitter's stock fell after investors had a weekend to absorb Elon Musk's bombshell announcement that he intends to walk away from his $44 billion offer to buy the company. The company has said it will sue Mr. Musk to follow through on the deal, which could mean a big, protracted legal fight. Most legal experts believe the law is strongly on Twitter's side. Read the full story. Still, the outcome of such a lawsuit is anything but certain, and there are a number of ways the case could unfold. Here's what is happening today Twitter's stock falls further as doubts swirl over Elon Musk's takeover. Shares of the social media company have lost a third of their value since April 25, when Mr. Musk's offer to buy the company was accepted by the company's board. Read this story How a court fight between Twitter and Elon Musk could play out. Elon Musk wants to walk away from the Twitter deal. Now comes the legal battle. Germany is on edge as a crucial Russian gas pipeline is taken offline for repairs. Oil companies oppose a windfall tax in Britain despite record profits. Texans are warned to reduce electricity use amid fear of rolling blackouts. Chinese security forces attack protesters seeking frozen funds at the central bank. See the full briefing What do you think of this email? We would love to hear from you. Was this email forwarded to you? Sign up here to get this in your inbox. Get Business alerts as they happen with The New York Times app. Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Daily Business Briefing from The New York Times. To stop receiving these emails, unsubscribe or manage your email preferences. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018