Financial giant Fidelity bumped up the valuation of two Elon Musk-owned companies, social media platform X and AI startup xAI in October.

October saw a 32.37% jump in X's valuation, marking the biggest monthly increase since Fidelity helped Musk buy Twitter for $44 billion in 2022, Axios said.

Fidelity marked up the value of its X Holdings shares by 32.37% in October, the largest monthly increase since helping Elon Musk buy the company in 2022. The big picture: Even with the valuation boost,

Australia Prime Minister Anthony Albanese said on Sunday that criticism by Elon Musk of Australia's social media ban on children under 16 was the X owner pushing an agenda for the social platform, while indicating he was open to talk to the billionaire about the ban,

The new law will deliver a message to tech companies to "clean up their act," the country's prime minister has said.

Mark SooHoo, an advocate for Wait Until 8th, joins 'Fox News Live' to discuss Australia banning social media for children under 16 and the Wait Until 8th pledge.