Tesla's proposed $1T pay package for Elon Musk faces scrutiny. ISS advises shareholders to reject the plan due to its size, partial achievement payouts, and potential investor dilution. Performance targets included.
Micron plans to exit China's server chip market after a 2023 ban, offset by AI-driven data center demand globally. US-China tech tensions impact chip sales. Focus shifts to auto and mobile sectors.
Paramount Skydance seeks $500M in cuts. MTV UK shuts down 5 channels. US operations face potential downsizing and shift to streaming due to cord-cutting challenges and future growth strategies.
NYC crime data is under scrutiny amidst claims of skewed stats and lenient prosecution. Political agendas may influence crime reporting, impacting justice and public safety. Defunding authority issues are mentioned.
Spotify removed Nick Fuentes' "America First" podcast for hate speech, but Fuentes isn't banned entirely. He can still appear as a guest on other podcasts. Social media platforms have deplatformed Fuentes since 2020.
Treasury Secretary blames Schumer for US government shutdown, citing economic damage. Analysts warn of uncharted territory if the standoff continues. Democrats urged to cooperate for a deal.
Smucker is suing Trader Joe's, alleging their sandwiches are too similar to 'Uncrustables', infringing on trademarks. Smucker invested $1B developing the brand and patents.
Michael Ovitz launches SoundPatrol, using AI to combat copyright infringement and piracy. SoundPatrol aims to identify AI-generated and altered content, protecting IP across audio, video, and more.
Stellantis to invest $13B in US manufacturing, creating 5,000+ jobs. Expands production 50% with new Jeep models & engines. Aims to boost growth under new CEO, Filosa, fulfilling reshoring requests.
DOJ seizes $15B in Bitcoin from a global fraud operation orchestrated by Prince Group. The operation involved forced-labor camps and laundered money through various means.
Ellison eyes WBD, potentially expanding his media empire post-split. Zaslav seeks a healthy premium amidst other suitors like Comcast, Netflix, Amazon, and Apple. The deal's financial implications are significant.
The SECURE 2.0 Act mandates high-income earners ($145,000+) to make 401(k) catch-up payments to Roth accounts starting in 2026, impacting tax benefits. Companies increasingly offer Roth 401(k) options.
WBD (Warner Bros. Discovery) faces potential acquisition bids from Ellison's Skydance and Comcast. Streaming services like HBO Max and Peacock are key assets. The deal could exceed $60 billion.
Eric Schmidt warns about AI safety risks, highlighting vulnerabilities in AI designs that could be exploited by malicious actors. He stresses the need for robust guardrails and non-proliferation measures. AI unchecked consequences.
Shelly Fireman, famed NYC restaurateur behind Trattoria dell' Arte and Fiorello, known for whimsical art and Italian cuisine, has died at 93. His legacy lives on through Fireman Hospitality Group.
Saks Global sues Puck News, alleging conflict of interest in reporter William D. Cohan's negative articles, claiming damages and retraction failures. Saks faces bankruptcy claims and financial reporting issues.
A transplant recipient aids others while battling high drug costs. AstraZeneca offers affordable meds. TrumpRx aims to lower prices for uninsured. Patients face tough choices. Focus on prescription drug costs and patient support.
