Jamie Dimon’s comments follow JPMorgan’s decision late last year to drop a case filed against Tesla in 2021, which had sought $162.2 million plus fees over a dispute regarding stock warrant transactions.

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

A change in the H-1B visa policy for highly skilled professionals from India under Trump 2.0 would be "fantastic" for the US as it needs them, American economist Kenneth Rogoff told NDTV at the World Economic Forum (WEF) meeting in Davos.

A version of this article originally appeared in Quartz’s Need to Know: Davos newsletter. To get updates on the World Economic Forum delivered straight to your inbox all week, sign up here.

At current trends the charity Oxfam predicts up to five trillionaires are expected to emerge within the next decade.

Donald Trump grabbed the spotlight in Davos on Thursday, even if he wasn't physically there, but other things happened at the annual meeting of world elites in the Swiss ski village.

"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."

Jamie Dimon said that he and Elon Musk settled their differences. This seemingly concluded their row, sparked by a legal fight between JPMorgan and Tesla.

"We actually no longer call it EV. We call it EIV. 'I' stands for intelligent," Pan Jian, a cochair of CATL, told a WEF panel in Davos, Switzerland.

Why the Leopard is Known for Its Stealth and Silence Penang is one of Lonely Planet's seven best places to visit in Southeast Asia

The value of Tesla’s brand dropped for a second straight year, according to research and consulting firm Brand Finance.

In today’s news, shares have risen after yesterday’s positive inflation data, court approves controversial new mansion at $45 million Tamarama site, and how a culture war is tearing apart a private school.