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Musk loses crown as world’s richest to software giant Larry Ellison in new Bloomberg ranking
FRANKFURT, Germany (AP) — Danish pharmaceutical company Novo Nordisk, maker of weight-loss drug Wegovy, said Wednesday it would cut 9,000 jobs, 5,000 of them in Denmark, in order to strengthen the company’s focus on growth opportunities in obesity and diabetes medications. The restructuring, which would eliminate 11% of the company’s workforce, aimed to reduce organizational [&hellip[...]
SpaceX, EchoStar strike $17B spectrum deal for Starlink
SpaceX reached a $17B deal with EchoStar for spectrum licenses to expand Starlink, with cash, stock, and debt payments included.
Elon Musk in line for $1 trillion pay package if Tesla hits aggressive goals over next 10 years
Tesla asks investors to approve a $1T pay deal for Elon Musk, tied to hitting market cap, production, and delivery milestones by 2035.
Elon Musk sues Apple, OpenAI in antitrust AI lawsuit
Elon Musk filed a federal antitrust lawsuit against Apple and OpenAI, alleging they conspired to block AI competition in the App Store.
Musk’s SpaceX pans Virginia broadband plan as ‘massive waste’
Elon Musk's SpaceX wrote a letter this week slamming Virginia's federal broadband grant proposal.
Tesla grants Musk $29B in stock after court setback
Tesla is awarding CEO Elon Musk 96 million shares of restricted stock valued at approximately $29 billion, just six months after a judge ordered the company to revoke his massive pay package. The electric vehicle maker said in a regulatory filing on Monday that Musk must first pay Tesla $23.34 per share of restricted […]
Tesla shares sink as Musk says it could face some ‘rough quarters’ ahead
NEW YORK (AP) — Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-driving cars. Late Wednesday, the electric vehicle maker reported another quarter of lackluster financial results, with revenue dropping […]
X CEO Linda Yaccarino steps down after two years
X CEO Linda Yaccarino said she’s stepping down after two bumpy years running Elon Musk‘s social media platform. Yaccarino posted a positive message Wednesday about her tenure at the company formerly known as Twitter and said “the best is yet to come as X enters a new chapter with” Musk’s artificial intelligence company xAI, maker […]
Stocks fall as Trump trade deadline, Musk feud rattle Wall St.
Stocks on Wall Street closed broadly lower Monday as the White House stepped up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect. The S&P 500 fell 0.8% for its biggest loss since mid-June. The benchmark index remains near its all-time high set last week. The Dow […]
Elon Musk pulls back on threat to withdraw Dragon spacecraft
Elon Musk reversed a threat to retire SpaceX’s Dragon after a clash with Trump. The capsule remains vital to ISS missions.
Tesla stock plunges after Musk feud with Trump escalates
Tesla stock plunged 14% as Musk's clash with Trump spurred fears of federal backlash, erasing $150B in market value.
Trump’s promised steel and aluminum tariffs go into effect
U.S. President Donald Trump hiked nearly all steel and aluminum tariffs to 50% in a move that’s set to hammer businesses from automakers to home builders, and likely to increase prices for consumers.
