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Already suffering from steep declines in sales and profit, the carmaker could now face the president’s wrath.

Worn by Matthew Broderick in “Ferris Bueller’s Day Off,” the vest could fetch several hundred thousand dollars, according to Sotheby’s.

With members embedded in multiple agencies, the team’s approach to transforming government is becoming “institutionalized,” as one official put it.

The president could tighten federal oversight of the tech titan’s businesses, even if heavy reliance by the Pentagon and NASA on them makes terminating Mr. Musk’s contracts less feasible.

Though the Sackler name was tarnished over Purdue Pharma’s role in the opioid crisis, Arthur Sackler’s should not be, she insisted; a company founder, he died well before the trouble...