Musk and Vivek Ramaswamy — the pharmaceutical mogul and former Republican presidential hopeful — have been picked to lead a brand new agency tasked with "large scale structural reform" of the federal government.

President-Elect Donald Trump has named billionaires Elon Musk, one of his biggest campaign supporters, and Vivek Ramaswamy, his one-time primary opponent, to lead a new “Department of Government Efficiency"—giving Musk a role in his administration after Trump and the world’s richest person spoke on the campaign trail about working together.