Uber, Tesla and PepsiCo CEOs join Trump business council

WASHINGTON: Elon Musk, the chairman and chief executive of SpaceX and Tesla as well as Uber Technologies CEO and co-founder Travis Kalanick and PepsiCo Chairman and CEO Indra Nooyi have joined U.S. President-elect Donald Trump’s business advisory council, Trump’s transition team said on Wednesday. 

The group, which includes numerous other top business leaders, aims to give industry input on the private sector and to advise Trump on job creation.

Stephen Schwarzman, chief executive officer of major investment firm Blackstone Group LP, will chair the council.

“My administration is committed to drawing on private sector expertise and cutting the government red tape that is holding back our businesses from hiring, innovating, and expanding right here in America,” Trump said in a statement announcing the formation of the council.

The forum could meet as frequently as monthly, the source said.

Trump has said that his top priorities will include cutting regulations that affect business and lowering the corporate tax rate, positions business leaders have cheered.