Elon Musk’s 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.”The ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware’s business-friendly reputation.The pay package was by far the largest ever until Tesla shareholders approved a new, even larger pay plan in November.Elon Musk’s 2018 pay package from Tesla, once worth $56 billio ...

President Trump interviewed Federal Reserve Gov. Christopher Waller as the White House zeroes in on a short list of four contenders to succeed Fed Chairman Jerome Powell, according to a report.Waller had a “strong interview” with Trump that focused heavily on the labor market and ways to jump-start job creation, two senior officials familiar with the meeting told the financial news channel CNBC.The interview took place inside the president’s residence and wrapped up shortly before Trump addressed the nation ...

Sony grabbed control of Snoopy, Charlie Brown and the Peanuts gang in a new mega-deal that gives the company access to the famous group of characters for its movies, video games and other content.The Japanese entertainment giant, a leading player in movie production and video games, will pay more than $450 million to double its stake in Peanuts Holdings to 80%, according to The Wall Street Journal.The company is buying the stake from Canadian entertainment company WildBrain, which also owns the Teletubbies ...

A costly sportsbook screwup left DraftKings on the hook for nearly $1 million after Massachusetts regulators ordered the payouts tied to a botched MLB parlay scheme.The Massachusetts Gaming Commission voted 5-0 on Thursday to reject DraftKings’ bid to void $934,137 in payouts stemming from a series of correlated parlays placed during MLB’s 2025 American League Championship Series, according to Bookies.com.A Massachusetts customer wagered $12,950 total across 27 multi-leg parlays on Toronto Blue Jays player ...

Mark Zuckerberg has formally cut ties with the pro-immigration group he helped launch more than a decade ago as his philanthropy retreats from political advocacy and narrows its focus to science amid President Donald Trump’s return to power.The Chan Zuckerberg Initiative, the philanthropy founded by Zuckerberg and his wife Priscilla Chan, ended its relationship with FWD.us earlier this year, people familiar with the matter told Bloomberg News.The split leaves the immigration and criminal justice reform grou ...

Nike stock plunged nearly 10% after the sneaker giant reported sliding profits due to an anticipated $1.5 billion hit from tariffs as well as a slowdown in China.Shares fell to about $58 before the opening bell on Friday, down from a prior close near $65, as investors digested a sharp earnings decline and continued margin pressure tied to tariffs, inventory cleanups and weak demand in Greater China.Nike said its revenue in the second quarter of fiscal year 2026 edged up just 1% to $12.4 billion, while net i ...

Put this in your pipe and smoke it: Donald Trump just legalized marijuana across the US. As On The Money has been reporting since April, our famously drug-and-drink-averse president has been inching ever closer to making marijuana significantly less criminal in the eyes of the federal government. On Thursday, it finally happened. He signed an executive order to “reclassify” weed to a “Schedule III” drug – throwing it into the same category as codeine-laced Tylenol, testosterone and anabolic steroids. That’s ...

TikTok’s Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the company’s US assets to American and global investors to avoid a US government ban, TikTok CEO Shou Zi Chew told employees on Thursday.The deal is a major step toward resolving years of uncertainty about the short video app’s future in the US since August 2020, when then President Trump first tried unsuccessfully to ban the app that is now used regularly by more than 170 million Americans.The ...

交易概述 - 比尔·阿克曼推动的房地产开发商Howard Hughes Holdings Inc 同意以21亿美元现金加股票收购百慕大专业保险公司Vantage Group Holdings [1] - 此次收购是公司向多元化控股公司战略转型的关键举措 旨在打造一个类似伯克希尔·哈撒韦的保险驱动型平台 [1][9] 交易细节与估值 - 交易对Vantage的估值约为其预计2025年底账面价值的1.5倍 [3] - 交易预计在2026年第二季度完成 尚待常规监管批准 [3] - 公司计划使用手头现金以及通过新发行优先股从Pershing Square获得最多10亿美元资金来支付21亿美元对价 [4] 融资结构 - 公司将从阿克曼的Pershing Square基金借款 条款非常友好 [4] - 发行的优先股不计息且无投票权 意味着公司无需支付定期利息 也不会向该对冲基金巨头让渡任何投票权 [4] 市场反应与公司背景 - 消息公布后 Howard Hughes股价上涨3% 显示投资者对此持乐观态度 [5] - Howard Hughes以开发大型总体规划社区而闻名 其核心资产包括休斯顿外的The Woodlands和Bridgeland 以及内华达州的Summerlin [5][8] - 公司于2010年从General Growth Properties破产案中分拆出来 通过持有大片土地 向建筑商出售地块以及开发包含住宅、办公室、商铺和配套设施的社区来盈利 [5] 战略转型与公司治理 - 此次收购旨在加速公司已在进行中的战略转型 公司去年已完成Seaport Entertainment Group的分拆 [9] - 阿克曼借鉴了前伯克希尔首席执行官沃伦·巴菲特的蓝图 寻求通过收购或组建管理团队来建立一个能够实现资本复合增值的控股平台 [2][3] - 阿克曼曾于2010年至2024年担任公司董事长 在Pershing Square将其持股比例提升至约47%后 于2025年5月回归担任执行董事长 [8]

Instacart has agreed to pay $60 million to settle the Federal Trade Commission’s allegations that the online grocery delivery platform deceived consumers about its Instacart+ membership and free delivery offers, according to court documents filed in San Francisco on Thursday.Instacart’s offer of “free delivery” for first orders was illusory because shoppers were charged other fees, the FTC alleged.And the company did not adequately notify shoppers that free trials of its Instacart+ subscription service woul ...