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The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017. A ruling is expected soon in the Musk case. The directors, including Oracle co-founder Larry Ellison, agreed to return the equivalent value of 3.1 million Tesla stock options, according to a court filing. Along with that gain in stock value, stock options awarded to the directors and to Musk rose sharply in value. Tesla had argued it used the stock options to ensure the incentives of directors were aligned with the goals of investors.

Persons: Lucy Nicholson, Tesla, Larry Ellison, Musk, coercing Tesla, Tom Hals, Nick Zieminski, David Evans Organizations: REUTERS, Elon Musk, Oracle, Police, Thomson Locations: Los Angeles , California, U.S, WILMINGTON , Delaware, Delaware, City of Detroit, Wilmington , Delaware

☆ Taylor Swift changes controversial lyrics for ‘Better Than Revenge’
▼ + stars: | 2023-07-07 | by ( Lisa Respers France | ) edition.cnn.com time to read: +8 min

From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. Kevin Winter/ACMA/Getty Images Swift sings the National Anthem before Game 3 of the 2008 World Series in Philadelphia. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009. Jeff Kravitz/Getty Images Swift performs on stage during an "Eras Tour" concert in Atlanta in April 2023.

Persons: CNN — Taylor Swift, ” Swift, “, Swift, ” Taylor, shaming, ” Taylor Swift, Christopher Polk, Scott, Andrea Swift, Taylor Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, Taylor, I'm, West, Beyonce, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, didn’t, It’s, –, Scooter Braun, Braun Organizations: CNN, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, Getty, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Machine Locations: Los Angeles, West Reading , Pennsylvania, Philadelphia, Las Vegas, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, Germany, London, Arlington , Texas, Tampa, Chicago, Atlanta

☆ Tesla extends blistering rally after quarterly deliveries beat
▼ + stars: | 2023-07-03 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

July 3 (Reuters) - Tesla (TSLA.O) shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. The stock, which hit the highest in more than four months, closed up 17.4% in a holiday-shortened session. [1/2]The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. The median price target on the stock stands at $210, which is about 20% below its last closing price. Tesla has a forward price-to-earnings ratio of around 62.9, far above Ford's (F.N) 8.82 and near the 62.66 of Amazon.com (AMZN.O).

Persons: Elon Musk's, Lucy Nicholson, Gene Munster, Tesla, Bernstein, Toni Sacconaghi, Aditya Soni, Akash Sriram, Shounak Dasgupta, Sriraj Organizations: U.S, Rivian, REUTERS, Asset Management, Thomson Locations: Irvine , California, Los Angeles , California, U.S, Bengaluru

☆ Tesla's blistering rally continues after quarterly deliveries beat
▼ + stars: | 2023-07-03 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

[1/2] The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson/File PhotoJuly 3 (Reuters) - Tesla (TSLA.O) shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. "Tesla's price cuts are working in a big way," said Gene Munster, managing partner at investment firm Deepwater Asset Management. The median price target on the stock stands at $210, which is about 20% below its last closing price. "Our money's on Elon," said Canaccord Genuity analyst George Gianarikas, who lifted his price target on Tesla by $36 to $293.

Persons: Lucy Nicholson, Elon Musk's, Gene Munster, Tesla, Bernstein, Toni Sacconaghi, Canaccord, George Gianarikas, Aditya Soni, Shounak Dasgupta Organizations: REUTERS, Asset Management, Thomson Locations: Los Angeles , California, U.S, Elon

☆ Sam Zell, billionaire real estate investor, dies at 81
▼ + stars: | 2023-05-18 | by ( Niket Nishant | ) www.reuters.com time to read: +2 min

[1/3] Sam Zell, Chairman of Equity Group Investments, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. Born in 1941 to Polish parents who escaped to the United States during the German invasion of Poland, Zell took a deep interest in real estate very early on. Besides real estate, his firm also invested in manufacturing, travel, retail, healthcare and energy businesses. Zell played a key role in popularizing the structure of real estate investment trusts (REITs) that involved leasing and collecting rent on properties and distributing profit to investors as dividend in the 1990s. It was later sold to asset management giant Blackstone Inc (BX.N) for $39 billion in one of the largest real estate deals ever.

Musk said Tesla aimed to finish construction of the factory next year and then reach full production about a year later. We need lithium," Texas Governor Greg Abbott said at the ceremony. Musk has urged entrepreneurs to enter the lithium refining business, saying it is like "minting money." The refinery is the latest expansion by Tesla into Texas after the company moved its headquarters there from California in 2021. "We are proud that he calls Texas home," Abbott said, saying Tesla and Musk are "Texas's economic juggernauts."

☆ Tesla plans to produce lithium for 1 mln vehicles from Texas refinery -Elon Musk
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: 1 min

[1/2] The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson/File PhotoSAN FRANCISCO, May 8 (Reuters) - Tesla (TSLA.O) expects to produce lithium for about 1 million electric vehicles at its upcoming lithium refinery factory in Texas, CEO Elon Musk said on Monday. Tesla broke ground on the lithium refining facility, as it looks to secure supply of the key component used in batteries and meet its ambitious sales target for electric vehicles. Musk said Tesla aims to finish construction of the factory next year and then reach full production about a year later. Reporting by Hyunjoo Jin and Ernest Scheyder Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

The survey also showed that 36% of the nurses plan to continue working in the sector but may change workplaces. "This really underscores the continued mental health and well-being challenges the nursing workforce experiences post pandemic," AMN Healthcare CEO Cary Grace told Reuters in an interview. The survey showed there are various changes needed, with 69% of nurses seeking increased salaries and 63% of them seeking a safer working environment to reduce their stress. This comes at a time hospital operator and sector bellwether HCA Healthcare Inc (HCA.N) indicated a recovery in staffing situation. The staffing crisis drove up costs at hospital operators, while boosted profits at medical staffing providers such as AMN Healthcare.

☆ Ballooning Software Prices Complicate Tech Spending
▼ + stars: | 2023-04-29 | by ( Belle Lin | ) www.wsj.com time to read: 1 min

Last year, Microsoft raised prices from 8% to 25%, depending on the software and subscription type, for some of its Microsoft 365 and Office 365 business software. Photo: lucy nicholson/ReutersBusiness software price hikes are outpacing the rate of inflation, according to corporate technology chiefs who say they’ve been charged increases of 20% or more for certain cloud-based software than in previous years. Amid pressure to cut costs in a sluggish economy, more IT leaders are rethinking vendor relationships. Thomas Phelps , chief information officer of Long Beach, Calif.-based software firm Laserfiche and executive chair of the nonprofit IT executive leadership group Innovate@UCLA, said some cybersecurity vendors have asked for a 30% increase to renew a three-year software contract.

☆ Ballooning Software Prices Complicate Tech-Spending Calculus for CIOs
▼ + stars: | 2023-04-28 | by ( Belle Lin | ) www.wsj.com time to read: 1 min

[1/2] Gas prices are advertised at a Chevron station as rising inflation and oil costs affect the consumers in Los Angeles, California, U.S., June 13, 2022. Exxon's net hit $11.4 billion while Chevron earned $6.6 billion and with analysts expecting the strong results to continue this year. Exxon CEO Darren Woods says he is happy to see cash balances rise so the company is well-positioned for a cycle downturn. "The question is obviously when, but that will come," Woods said, after saying he would "expect to see cash balances higher" in times when the markets are on the top end of the cycle. "We don't intend to hold $15-plus billion of cash on our balance sheet," he said, describing too much cash on the books as "economically inefficient for us to hold it, and it is not our cash, it is our shareholders' cash."

☆ Why Is Strep So Bad Lately?
▼ + stars: | 2023-04-27 | by ( Suryatapa Bhattacharya | ) www.wsj.com time to read: 1 min

Amoxicillin pills are available, although they aren’t ideal for young children. Photo: Lucy Nicholson/REUTERSHealth officials are warning that strep-throat season could drag out, worsened by an antibiotic shortage and increased rates of a severe form of infection. Strep, a common infection in the throat and tonsils, can strike at any time of year, but most cases occur in late fall to early spring. Serious complications are rare.

☆ Dow Slips on Slowdown Fears Despite Tech’s Resilience
▼ + stars: | 2023-04-27 | by ( David Uberti | Chelsey Dulaney | ) www.wsj.com time to read: 1 min

Microsoft shares’ rise Wednesday helped the Nasdaq Composite stay positive on the day. Photo: Lucy Nicholson/REUTERSTech companies including Microsoft Corp. were among the stock market’s few bright spots Wednesday, as investors digested corporate earnings that offered mixed messages about the state of the U.S. economy. Major indexes on Wednesday morning clawed back some of the previous day’s losses before edging lower leading to the closing bell. The technology-heavy Nasdaq Composite rose 0.5% while the S&P 500 dipped 0.4% and the Dow Jones Industrial Average ticked 0.7%, or 229 points, lower.

☆ Jerry Springer, raucous talk show host, dead at 79
▼ + stars: | 2023-04-27 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

[1/3] Television personality Jerry Springer at the Democratic National Convention in Philadelphia, Pennsylvania, U.S. July 25, 2016. REUTERS/Lucy Nicholson/File PhotoLONDON, April 27 (Reuters) - Television personality Jerry Springer, known for a long-running talk show that featured raucous audiences, controversial topics and fist-fighting guests and who briefly served as Cincinnati mayor, died at age 79 on Thursday, his family said. Springer was born in London on Feb. 13, 1944, and immigrated to New York City when he was 4 years old. In 1991, Springer landed his own television program, a syndicated talk show broadcast across the United States until 2018. The daytime program, known as "The Jerry Springer Show," was initially a politically oriented show but later featured everyday people discussing sensationalistic topics, often related to unconventional sexuality.

☆ Tesla broke U.S. labor law by silencing workers, official rules
▼ + stars: | 2023-04-26 | by ( Daniel Wiessner | ) www.reuters.com time to read: +2 min

(Reuters) - Tesla Inc supervisors at a Florida service center violated U.S. labor law by telling employees not to discuss pay and other working conditions or bring complaints to higher level managers, a U.S. labor board official has ruled. The judge ordered Tesla to cease and desist from violating workers’ rights and to post notice of the violations in the service center and email it to employees. Tesla had argued that it had quickly repudiated the managers’ comments by posting a notice in the service center that Tesla policy allowed workers to discuss their pay. The judge said that attempting to silence employees violated their fundamental right under U.S. labor law to band together to advocate for better working conditions. The company is also appealing an NLRB decision that said it unlawfully barred factory workers from wearing union t-shirts.

☆ Two of Ken Griffin's biggest donations sit on opposite sides of the spectrum
▼ + stars: | 2023-04-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Griffin, who founded Wall Street giants Citadel and Citadel Securities, donated $300 million to Harvard's Faculty of Arts and Sciences (FAS). However, it's interesting to see how two of his biggest contributions — DeSantis and Harvard — seem to operate on opposite ends of the spectrum. Click her to read our profile on Ken Griffin's rise to the top of Wall Street. Wall Street is drying out wells to drive up returns in California. Click here for more on the water woes created by Wall Street.

[1/2] Sam Altman speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 18, 2017. "We hope to ... build something great for Japanese people, make the models better for Japanese language and Japanese culture," Altman told reporters following his meeting with Kishida. Asked about Italy's temporary ban on ChatGPT - developed by Microsoft Corp (MSFT.O) backed OpenAI - Matsuno told a regular news conference that Japan is aware of other countries' actions. Japan will continue evaluating possibilities of introducing AI to reduce government workers' workload after assessing how to respond to concerns such as data breaches, Matsuno said. OpenAI CEO Altman said he told Japan's Kishida about "the upsides of this technology and how to mitigate the downsides" at the Monday meeting in Tokyo.

☆ Norway wealth fund to vote for labour rights motion at Starbucks AGM
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Starbucks coffee shop is seen in downtown Los Angeles, California, U.S., June 29, 2022. REUTERS/Lucy NicholsonOSLO, March 23 (Reuters) - Norway's $1.3 trillion wealth fund, one of the world's largest investors, will vote in favour of a shareholder motion calling on Starbucks (SBUX.O) to report on how it respects labour rights, the fund's manager said on Thursday. The Norwegian fund owns 1.05% of Starbucks' shares, worth $1.2 billion at the end of 2022, according to fund data. Norges Bank Investment Management (NBIM), which operates the Norwegian wealth fund, said it would vote in favour of commissioning a third-party assessment of Starbucks' commitment to freedom of association and collective bargaining rights. "Freedom of association and the right to collective wage bargaining are fundamental employee rights - and human rights," they said.

☆ Streaming boosts recorded music revenue, China market growing
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

Among the trends highlighted by the IFPI, a trade body for the recorded music industry, were China nudging into the top five markets globally for the first time, and income from the use of recorded music in adverts, film, television and games, rising by 22.3%. Subscription audio streaming revenues rose 10.3% to $12.7 billion, IFPI said, adding there were 589 million users of paid subscription accounts by end-2022. Overall, streaming accounted for 67% of total recorded music revenues. Global music revenues enjoyed their eighth consecutive year of growth. Puerto Rican singer and rapper Bad Bunny's "Un Verano Sin Ti" topped the 2022 IFPI Global Albums Chart while Britain's Harry Styles won the IFPI Global Single of the Year Award 2022 for hit "As It Was", the body said last month.

☆ Mazda to appoint former North America head Moro as next CEO
▼ + stars: | 2023-03-17 | by ( Daniel Leussink | ) www.reuters.com time to read: +2 min

[1/2] Masahiro Moro, President and CEO of Mazda North America, speaks at the Los Angeles Auto Show in Los Angeles, California U.S. November 29, 2017. Moro, 62, currently a director and senior managing executive officer, had previously served as the head of the automaker's North America operations. Current President and CEO Akira Marumoto, who took up his role in 2018, will step down from his posts at that time, Mazda added. Mazda also nominated Jeff Guyton, 56, senior managing executive officer and its current North America head, as chief financial officer and assistant to the president pending the June approval of the shareholders and board. ($1 = 132.9600 yen)Reporting by Daniel Leussink; Editing by Kim Coghill and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

[1/2] The Boeing 787 Dreamliner airplane is seen in Long Beach, California March 14, 2012. REUTERS/Lucy NicholsonMarch 14 (Reuters) - Two Saudi Arabian airlines announced plans on Tuesday to order 78 Boeing 787 Dreamliners, a big win for Boeing (BA.N) that marks the fifth largest commercial order by value in its history. State-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air will each buy 39 widebody 787s from the U.S.-based planemaker. The deal contains options for 10 additional Dreamliners for Saudia and 33 for Riyadh Air. Calhoun said the planemaker was standing by its 787 production guidance announced in November "and we're confident we can do it."

CASE FOR A SWIFT RETREAT1/ ENERGY PRICESTumbling energy prices are pulling down headline inflation. U.S. inflation rose 6.4% in January, the smallest rise since October 2021, from a 9.1% high last June. Instead, corporate profits have accounted for the lion's share of domestic euro zone price pressures since 2021, ECB data shows. A recent IMF study going back to the 1960s found that only in a small minority of cases where wages and inflation rose together for several quarters did sustained inflation result. The chief executive of Gunvor, a top oil trader, sees oil prices rising in the second half of 2023 on renewed Chinese demand.

☆ OpenAI’s Sam Altman is the latest tech entrepreneur making a play to extend the human lifespan. Here are 15 of the world's wealthiest entrepreneurs trying to crack the code of living forever.
▼ + stars: | 2023-03-08 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Sam AltmanOpenAI's Sam Altman reportedly invested $180 million into a longevity startup called Retro Biosciences, according to MIT Technology Review. Lucy Nicholson/ReutersSam Altman is quickly establishing himself as a household name as the CEO of OpenAI, the company behind ChatGPT. Altman seems to be channeling some of his probable largesse into extending the human lifespan. MIT Technology Review reported that Altman invested $180 million into Retro Biosciences, a company with a mission to "add 10 years to healthy human lifespan," according to the company's site. Altman's investment in Retro Biosciences is among the "largest ever by an individual into a startup pursuing human longevity," MTR said.

☆ U.S. regulators rejected Elon Musk’s bid to test brain chips in humans, citing safety risks
▼ + stars: | 2023-03-02 | by ( Rachael Levy | Marisa Taylor | ) www.cnbc.com time to read: +19 min

Companies that do secure human-testing approval typically conduct at least two rounds of trials before applying for FDA approval to commercially market a device. "Everybody in the industry was saying: 'Oh my God, they're going to run straight into a brick wall,'" Ludwig said of Musk's bid for FDA approval. For example, NeuroPace, which makes the brain implant to treat epilepsy, received final FDA approval in 2013 – 16 years after the company's launch. Beyond grants, it provides access to government experts who advise on how to gain FDA approval and commercialize a device. Musk's emails to Neuralink staffers often come from his SpaceX address, said two people who reviewed them.

☆ To survive nuclear apocalypse, you may have to eat nothing but mushrooms, rats, and insects
▼ + stars: | 2023-03-01 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +8 min

Survivors could farm mushrooms on dead trees, or eat rats and insects. In order to survive, he says, people would need to adopt sunlight-free agriculture — cultivating mushrooms, rats, and insects. Vincent Kessler/ReutersWhile we're using the wood to grow mushrooms, we could use the dead trees' leaves, too, he said. Dead trees can feed other life forms, like rats and insectsRats, much like mushrooms, can digest cellulose, the sugar that makes up 50% of wood. So anything the mushrooms leave behind could be fed to the rats, Walsh suggests.

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