Markets & Billionaire Wealth: Elon Musk’s fortune fell by more than $21 billion after SpaceX shares slid about 2%, amid reports the company may borrow $40 billion to fund AI-chip purchases. He remains the world’s richest person, with an estimated $1.03 trillion. Inheritance Planning: UK Conservative leader Kemi Badenoch says she would scrap inheritance tax on family homes, allowing couples to pass on an additional £1 million tax-free. The proposal is not yet law. Savings & Retirement: About 45,000 Lifetime ISA savers faced multiple withdrawal penalties in 2024–25, losing an average of roughly £760. The 25% charge can apply to withdrawals that don’t meet the rules. Homes & Borrowing: Rising mortgage rates are pushing some borrowers toward adjustable-rate loans. For homeowners with a low fixed rate, refinancing at a higher rate can add interest and closing costs rather than save money. Wealth Migration: Billionaire property investor David Reuben has moved to Monaco, part of a wider exodus of wealthy UK residents amid tax changes. Financial Priorities: One adviser urged a terminally ill client to reconsider locking money into deposits or insurance, showing why financial choices should reflect changing needs and goals.