Bangladesh, June 7 -- In a move that may reshape the US political landscape, billionaire entrepreneur Elon Musk has announced the formation of a new political party, the “America Party,” following an acrimonious split with former ally and US President Donald Trump. The dramatic political shift marks a turning point for Musk, who was until recently a key Trump supporter and donor, having funneled more than $260 million into pro-Trump efforts during the last election cycle.

Musks pivot has already ignited debates across party lines, rattled financial markets, and sparked international satire – most notably from former Russian President Dmitry Medvedev, who jokingly offered to mediate between the two estranged powerhouses....