JPMorgan Chase CEO Jamie Dimon said Wednesday that he and Tesla CEO Elon Musk have “hugged it out” and resolved their differences, after Dimon’s bank sued the tech billionaire’s electric vehicle

Jamie Dimon, the billionaire head of the U.S.’ biggest bank, lauded Tesla CEO Elon Musk, the richest man on the planet and a key part of President Donald Trump’s administration, on Wednesday, squashing a long-running beef between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.

"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland, Wednesday. "The guy is our Einstein," the JPMorgan chief said. "I'd like to be helpful to him and his companies as much as we can.

A team from Switzerland will next month begin a month-long road trip across South Africa in a solar-powered Tesla Model X. This is their story.

"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland. "He came to one of our conferences, [and] he and I had a nice, long chat. We settled some of our differences."

People watch the inauguration speech of Donald Trump on screens at the Ukraine house alongside the World Economic Forum in Davos, Switzerland, Monday, Jan. 20, 2025

Panamanian President José Raúl Mulino said today at the Davos Forum (Switzerland) that his country has international law on its side against the intentions of US President Donald Trump to regain management of the Panama Canal.

Saudi Arabian Prince Alwaleed Bin Talal's investment company Kingdom Holding (KHC) would be interested in investing in ByteDance's TikTok if Elon Musk or others offered to buy it, CEO Talal Ibrahim al-Maiman told Al Arabiya TV on Wednesday.

JPMorgan Chase CEO Jamie Dimon on Wednesday downplayed concerns about new tariffs from the Trump administration: 'If it's a little inflationary, but it's good for national security, so be it.'

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Trump's second presidency dominated proceedings at the World Economic Forum amid ominous warnings over the looming threat of trade tariffs and his decision to pull the United States out of the Paris climate agreement.

China can tap a large software engineer talent pool from its consumer-focused companies, Pan Jian of battery maker CATL told the World Economic Forum.