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Shareholders in Tesla voted in favor of his two big asks, reaffirming a multibillion-dollar compensation package that a Delaware judge had nullified and approving the company’s reincorporation in Texas. “I think we’re not just opening a new chapter for Tesla, we’re starting a new book,” a jubilant Musk told shareholders at the company’s annual meeting. The vote doesn’t end Tesla and Musk’s legal fights in Delaware, including over the compensation plan. About 84 percent of votes cast, excluding the Musks’ shares, backed the reincorporation proposal. DealBook hears that Tesla succeeded in getting retail investors, who were overwhelmingly supportive of Musk, to vote in far greater numbers than they usually do.
Persons: Elon Musk, , Tesla, , Musk, ” Musk, aren’t, Kimbal Organizations: Tesla, Wall Street, Vanguard, BlackRock Locations: Delaware, Texas
This was the pope who asked, “Who am I to judge?” in response to a question about gay priests in 2013. He announced last year that he would allow priests to bless same-sex couples, defying conservative critics in the Roman Catholic Church. And he apologized only weeks ago, in a statement from the Vatican, for using an offensive Italian term for gay men at a conference of bishops. Catholics by the church said his remarks, made in reference to the presence of gay men in seminaries and the clergy, showed the limits of his tolerance. Catholic ministry based in New York, who, like many gay Catholics, has struggled with his relationship to the church.
Persons: , Pope Francis, , Michael O’Loughlin, I’ve Organizations: Roman Catholic Church, L.G.B.T.Q Locations: Rome, New York
CNN —As world leaders gather in Italy for a summit addressing entrenched global crises, Pope Francis hosted an international gathering of a different sort on Friday to broadcast his own message – of the importance of humor. The leader of the Catholic Church hosted the equivalent of a conclave of comedians in the Vatican by inviting Whoopi Goldberg, Jimmy Fallon, Julia Louis-Dreyfus, Chris Rock, Stephen Colbert, Conan O’Brien and others to the Vatican. Over 200 people were in the audience at the Apostolic Palace, with more than 100 comedians from 15 countries. You denounce abuses of power; you give voice to forgotten situations; you highlight abuses; you point out inappropriate behavior,” Pope Francis added. US President Joe Biden, a Catholic who has a warm relationship with Francis, is among the leaders expected to be present at the gathering.
Persons: Pope Francis, Whoopi Goldberg, Jimmy Fallon, Julia Louis, Dreyfus, Chris Rock, Stephen Colbert, Conan O’Brien, Goldberg, Louis, Pope, ” –, ” Pope Francis, , Joe Biden, Francis, Francis ’, Tig Notaro, Jim Gaffigan, Colbert, Fallon, O’Brien, CNN’s Christiane Amanpour Organizations: CNN, Catholic Church, Catholic, Venice Biennale Locations: Italy, Ukraine, Venice, Vatican
4:35Americans Love to Shop Online. 0:59‘Lack of Further Progress’ on Inflation Keeps Interest Rates High0:59Fed Wants More ‘Good Data’ Before Cutting Interest Rates, Powell Says0:26Boeing Cargo Plane Makes Emergency Landing in Miami1:00PGA Tour Boss Describes What Led to His Medical Leave of Absence1:55Elon Musk Apologizes for Endorsing Antisemitic Conspiracy Theory1:51Disney C.E.O. Denies Plan to Sell TV Business1:20David Zaslav Defends Unpopular Decisions at Warner Bros. Discovery1:37Harris Not Worried About Biden Trailing Trump in Key Polls0:53U.S. Will Take Years to Reach Chip Independence, Nvidia C.E.O. Says1:06McCarthy Says He Is Undecided on Whether to Seek Re-Election0:40
Persons: Powell, Elon Musk, David Zaslav, Harris, McCarthy Organizations: Boeing Cargo, Disney, Sell, Warner Bros, Biden, Trump, Chip Independence, Nvidia C.E.O Locations: Miami, Chip
Arizona is a battleground state that both parties are desperate to win in November. And right now, supporters of abortion rights in the state are in the midst of gathering signatures to ensure that, along with the presidential race and a competitive Senate contest, enshrining the right to abortion in the state’s Constitution will be on the ballot this fall. The measure has broad support in the state, and Democrats are banking on that to drive a wide range of people to the polls to vote on the ballot measure — and, they hope, for Mr. Biden. But there’s no guarantee that will happen. For the next two weeks, we’re going to focus on how abortion rights could shape the 2024 election in Arizona.
Persons: Biden Locations: Arizona, state’s
A month into Russia’s push across the border in northern Ukraine, Western weapons and Ukrainian reinforcements have largely stalled the attack. But they came too late to save one town, Vovchansk, where the city hall, a cultural center, countless apartment blocks and several riverside hotels are all now in ruins. A small town divided by the Vovcha River, Vovchansk was once a regional tourist attraction — a pleasant base from which to explore the chalk hills nearby. But it is also three miles from the Russian border, and when Russia began a cross-border offensive on May 10, it became Ukrainian forces’ stand-your-ground position. And a month of fierce fighting and relentless bombing by Russia has decimated the town, forcing almost everyone left there to flee.
Persons: Vovchansk, , , Tetyana Polyakova Organizations: Russia Locations: Ukraine, Western, Vovchansk, Russian, Ukrainian, Russia
Jeff Bezos's space colonies would look like cylindersAn artist's concept of an O'Neill space colony, which could theoretically emulate Earth-like living conditions in space. O'Neill space colonies would be large enough to host entire cities, 10,000-foot-tall mountains, and millions of people. AdvertisementBezos isn't suggesting that people will be living in O'Neill space colonies by the end of the century. AdvertisementSaving Earth would be far easier than building Bezos' space colonies, he told BI. Even if we never make it to space colonies, the work of researchers studying extraterrestrial colonization could benefit us here on Earth.
Persons: , Jeff Bezos, podcaster Lex Fridman, Bezos, Fridman, astrobiologists —, Jeff Bezos's, O'Neill, Gerard K, Anthony Longman, Longman, Rebeca Gonçalves, Adam Watkins, we've, Watkins, you've, We've, Martin Rees, Gonçalves, Rees Organizations: Service, Business, Elon, SpaceX, European Space Agency, NASA, University of Nottingham, United, Royal Locations: Antonio , TX, O'Neill
CNN —On the western slopes of the Andes in Ecuador, John L. Clark, a research botanist at Florida’s Marie Selby Botanical Gardens, happened upon what he calls a miracle. That he could see it at all, nestled there on a moss-covered rock in a remnant patch of untouched land, was impressive. Back in the lab, Clark and his team confirmed that the little plant was a species new to science, and he and his team named it Amalophyllon miraculum. That’s why we decided to call it miraculum,” research botanist John L. Clark said. To an untrained eye, it’s nearly impossible to see the plant about which he’s so excited.)
Persons: John L, Clark, , they’re, Clark “, Laurence Skog, Martin Schaefer, ” Schaefer, E.O, Wilson, , , ” Clark, Schaefer, Amanda Schupak Organizations: CNN, Marie, Marie Selby Botanical, Smithsonian Institution’s National, of, Jocotoco Conservation Foundation Locations: Ecuador, Marie Selby, Centinela, Washington , DC, Western Ecuador, New York City
Donald J. Trump flew into Washington last summer in a state of misery. He was there for his criminal arraignment, and he told associates afterward that the city was disgusting. He could feel Washington’s hostility, aides said. Today, he returns to the nation’s capital under much different circumstances — to flex his dominance over a political and business establishment that has been forced to come to terms with him. After years of hoping that someone else could step up to lead their party, that establishment is gradually submitting to the reality of the 2024 campaign.
Persons: Donald J, Trump, Republicans ’, Biden, Trump’s, Mitch McConnell, Organizations: Republicans, Republican, Trump Locations: Washington, Manhattan
The Alabama ruling, which had threatened access to in vitro fertilization and other reproductive services in the state, caught many Americans, including conservatives, off guard. The idea that fertility treatments could be morally and legally questionable rattled many anti-abortion voters who had used such procedures to expand their families. And it further frayed the increasingly tense alliance between the anti-abortion movement and the Republican Party, which saw political peril in going after I.V.F. On Wednesday, the Southern Baptist Convention, the country’s largest Protestant denomination, voted to condemn the use of reproductive technologies like I.V.F. The moment was especially striking given that after the Alabama ruling earlier this year, Republican leaders quickly tried to signal to their base that they supported I.V.F., an extraordinarily popular procedure widely used by Christians and non-Christians alike.
Persons: Andrew T, Walker Organizations: Alabama, Southern Baptist, Republican Party, Southern Baptist Convention, Republican Locations: Kentucky, Alabama, The Alabama, Indianapolis
“There’s high anticipation here and great excitement,” Speaker Mike Johnson told reporters on Wednesday before Mr. Trump’s visit. Mr. McConnell condemned Mr. Trump’s actions and declared him responsible. Pressed about Mr. Trump’s visit to Washington, Mr. McConnell told reporters on Wednesday, “I said earlier this year I supported him. He’s earned the nomination by the voters all across the country.”Defying the expectations of Mr. McConnell and many others, Mr. Trump did not disappear. Most of corporate America had turned its back on Mr. Trump after the violence on Jan. 6.
Persons: Donald J, Trump, Republicans ’, Biden, Trump’s, Mitch McConnell, , , Mike Johnson, John Barrasso of, McConnell, acquit, Erin Schaff, Mr, He’s, Ron DeSantis, Tim Cook, Jamie Dimon Organizations: Republicans, Republican, Trump, Business, Capitol, Biden’s Electoral, The New York Times, Gov, Capitol Hill, Apple, JPMorgan Chase, America Locations: Washington, Manhattan, John Barrasso of Wyoming, Georgia, Lago, Florida, Mecca
Read previewArtificial intelligence is expected to be the topic du jour at Cannes Lions this week, when the ad industry descends on the French Riviera for its annual shindig in the sun. Businesses are exploring how they can use AI to perform tasks like copywriting, research, and automating their ad campaigns. A Cannes Lions spokesperson said the festival is expecting 12,000 delegates, though many more ad execs and vendors forgo the official festivities to hobnob at the fringe events. Cannes Lions has set its own rules around AI. "Those who will win will figure out the right mix of AI plus the right influencers plus the right concepts," MediaLink's Wagman said.
Persons: , there's, Klarna, Wayne Levings, Mark Wagman, Wagman, Jessica Apotheker, Apotheker, Scarlett Johansson, David Droga, Mira Murati, Vidhya Srinivasan, Alexander Chen, Greg James, Publicis, Anthony Yell, Razorfish, Yell, BCG's Apotheker, Queen Latifah, Lando Norris, John Legend, Chrissy Teigen, Deepak Chopra, Jason, Travis Kelce, Lenny Kravitz, Janelle Monáe, MediaLink's Wagman Organizations: Service, Cannes Lions, Lions, Business, Cannes, United Talent Agency, Google, Microsoft, Adobe, Boston Consulting Group, Palais, Accenture, OpenAI, Google Creative, North America, Publicis Groupe, influencers Locations: Americas, MediaLink, Cannes
Former President Donald J. Trump told a group of America’s most powerful chief executives on Thursday that he intended to cut the corporate tax rate to 20 percent from 21 percent, according to three people who attended the meeting and who spoke on the condition of anonymity because the ground rules stipulated the meeting was off the record. Mr. Trump made the remarks from a comfortable gray armchair during a conversation with his former economic adviser Larry Kudlow in front of the audience of dozens of leading chief executives, including Tim Cook of Apple, Jamie Dimon of JPMorgan Chase, Doug McMillon of Walmart and Charles W. Scharf of Wells Fargo. They had gathered on Thursday morning in Washington for a meeting of the Business Roundtable, an influential corporate group, and there was said to be palpable relief in the room when Mr. Trump, who has been trying to woo business leaders as potential donors, told the executives much of what they had hoped to hear. Many leaders in corporate America have been nervous that in a second term, Mr. Trump might not be as friendly toward them as he was in his first. Many ended up abandoning him and publicly criticizing him, especially after the attack on the Capitol on Jan. 6, 2021.
Persons: Donald J, Trump, Larry Kudlow, Tim Cook, Jamie Dimon, JPMorgan Chase, Doug McMillon, Charles W . Scharf, Wells Organizations: Apple, JPMorgan, Walmart, Business, Capitol Locations: Wells Fargo, Washington, America
The bank also raised its price target to $160 from $115, suggesting 18% upside from Wednesday's close. — Michelle Fox 7:59 a.m.: KeyBanc raises Netflix price target Netflix's growth isn't going to slow down any time soon, according to KeyBanc Capital Markets. — Pia Singh 7:23 a.m.: Bank America raises price target on Boeing Bank of America is weighing the challenges and opportunities Boeing has to make a turnaround. She kept her $38 price target, which implies shares could drop just slightly from its latest close. — Pia Singh 5:45 a.m.: Jefferies names Microsoft a top pick Microsoft is "going for AI gold," according to Jefferies.
Persons: Jefferies, Christine Cho, — Jesse Pound, Clark, Anna Lizzul, Kimberly, — Michelle Fox, Justin Patterson, Patterson, — Pia Singh, Ronald Epstein, Epstein, Oppenheimer, Ulta, Rupesh Parikh, Parikh, Morgan Stanley downgrades Corning, Corning, Morgan Stanley, Meta Marshall, Marshall, Tom O'Malley, O'Malley, AVGO, JPMorgan's Harlan Sur, Timothy Arcuri, Brent Thill, Fred Imbert Organizations: CNBC, Microsoft, Barclays downgrades NextEra Energy Partners, NextEra Energy Partners, Barclays, Bank of America, Clark Bank of America, KeyBanc, Markets, Netflix, Bank America, Boeing Bank of America, Boeing, Broadcom, VMware, Google, UBS, Jefferies Locations: Kimberly, F2H25
Justice Samuel Alito has been widely criticized this week for remarks he made to a self-described documentary filmmaker who on two occasions engaged him at social events, secretly taped him under false pretenses and released the recordings. What did he say that was wrong? None of his remarks was improper for a judge to make. Furthermore, he did not even say anything especially controversial — or at least nothing that would be controversial in a less polarized moment. But he said that solving polarization is not something that the Supreme Court can do, because “we have a very defined role, and we need to do what we’re supposed to do.” He added: “That is way above us.”
Persons: Samuel Alito, Alito,
Several London hospitals, still under significant strain more than a week after a cyberattack crippled services, have asked medical students to volunteer to help minimize disruption, as thousands of blood samples have had to be discarded and operations postponed. The ransomware attack on Synnovis, a private firm that analyzes blood tests, has crippled services at two major National Health Service hospital trusts, Guy’s and St. Thomas’ and King’s College, which described the situation as “critical.”According to a memo leaked in recent days, several London hospitals asked medical students to volunteer for 10- to 12-hour shifts. “We urgently need volunteers to step forward and support our pathology services,” said the message, which was reported earlier by the BBC. “The ripple effect of this extremely serious incident is felt across various hospital, community and mental health services in our region.”The attack also disrupted blood transfusions, and the N.H.S. appealed to the public this week for blood donors with O-negative blood types, which can be used in transfusions for any blood type, and O-positive blood types, which is the most frequently occurring blood type, saying it could not match patients’ blood at the same frequency as usual.
Persons: Thomas ’, Organizations: National Health Service, King’s College, BBC Locations: London, St
CNN —As a journalist and professor who teaches media ethics, I have long been against the kind of undercover secret recording activist Lauren Windsor made of Supreme Court Justice Samuel Alito and his wife, as well as Chief Justice John Roberts. Join us on Twitter and FacebookWhat Windsor discovered does not tell me as much as ProPublica and The New York Times have about the secrecy and shocking lack of ethics in the Supreme Court. But she did make me think Alito is even farther to the religious right than I thought. But while the approach was similar, Maryland has a law against secret recordings; two-person consent is required. But she broke no law in taking us behind closed doors and a little further into the mind of Alito.
Persons: David Zurawik, Lauren Windsor, Samuel Alito, John Roberts, David Zurawik Mich Rouse, Alito, , ” Alito, Windsor, James O’Keefe, Hannah Giles, , ethicist, Donald Trump Organizations: Goucher College, Baltimore Sun, CNN, Supreme, Project Veritas, ACORN, Journalists, Capitol, New York Times, Windsor, Catholic, The New York Times, Twitter, Facebook, Veritas Locations: Windsor, there’s, Baltimore, Maryland, Washington, DC
Representative Kelly Armstrong won the Republican nomination for governor of North Dakota, The Associated Press said on Tuesday, defeating the state’s lieutenant governor, Tammy Miller, and positioning himself as the strong favorite in the general election. The primary featured two Republicans who are well known in the state and whose platforms shared many similarities. Mr. Armstrong, a lawyer and a former state Republican Party chairman, was elected to Congress in 2018 from North Dakota’s lone House district. Ms. Miller, an accountant and businesswoman, was appointed as lieutenant governor last year after working as Gov. After failing to gain traction in the Republican presidential primary, he announced in January that he would not seek another four years as governor.
Persons: Kelly Armstrong, Tammy Miller, Armstrong, Miller, Doug Burgum’s, Donald J, Trump, Mr, Burgum Organizations: Republican, The Associated Press, Republican Party Locations: North Dakota, North Dakota’s
Related VideoIn his opening statement at the trial, Biden's lawyer Abbe Lowell urged jurors in the Wilmington, Delaware, federal court to acquit his client. "They know how to put on a tight gun case." Biden's trial was not necessarily a lost cause. Hunter Biden's lawyers have argued this arrangement has perversely allowed Weiss to politicize the proceedings unchecked. This story was updated following the jury verdict in Hunter Biden's gun trial.
Persons: , Hunter Biden, Biden, Abbe Lowell, Prosecutors, Sarah Krissoff, didn't, Maryellen Noreika, Donald Trump, Lowell, Jared Kushner, Sen, Robert Menendez, John Edwards —, Joe Biden, ROBERTO SCHMIDT, David Weiss, General Merrick Garland, Weiss, Hunter Biden's, Noreika, Trump, Republicans gloated, Hallie Biden, Cozen O'Connor, Duncan Levin, Levin, He's, Krissoff, Evelyn Hockstein, Neama Rahmani, Rahmani Organizations: Service, Business, Alcohol, Tobacco, Firearms, Explosives, AFP, Getty, Trump, Justice, Republicans, Biden's, US, BI, Republican, U.S, U.S . Department of Justice, Hill, REUTERS, Justice Department, West, Creative Locations: Wilmington , Delaware, Manhattan, Delaware, California, New York, Texas
Healthcare AI companies raised $2.8 billion in the first quarter of this year, according to the SVB report titled "The AI-powered Healthcare Experience." SVB projects funding to AI healthcare companies to total $11.1 billion in 2024. While healthcare AI startups might have it better, they're not out of the woods. Healthcare startups using AI for administrative tasks have grabbed $6.6 billion since 2021 and made up 42% of healthcare AI deals in the first quarter of this year, according to SVB. AdvertisementIn some cases, Big Tech companies are pushing healthcare startups forward.
Persons: , Raysa Bousleiman, they're, Siva Namasivayam, Galym, Bousleiman, Shiv Rao Abridge, Lynne Chou O'Keefe, Lightspeed's Imanbayev Organizations: Service, Silicon Valley Bank, Business, Big Tech, Abridge, Health, Lightspeed Venture Partners, Google, Fathom, Nvidia, Ventures, Technologies Locations: Cohere, Abridge, SVB .
Martonaphoto | Moment | Getty ImagesUpdates aimed at improving benefit accessThe Social Security Administration is taking steps to try to reduce some of the restrictions that come with SSI benefits. It is also expanding the rental subsidy policy for SSI applicants and beneficiaries, as well as the definition of a public assistance household. Those changes should allow more people to access and qualify for SSI, O'Malley said. Under current limitations, at work, SSI beneficiaries may not be able to contribute to a 401(k) or earn raises. Individuals who receive both Social Security and SSI benefits may see reductions to their payments.
Persons: O'Malley, Emerson Sprick, Rylin Rodgers, Rodgers, Wendell Primus, Nancy Pelosi, Tracey Gronniger Organizations: Social Security Administration, SSI, Social Security, Center, Microsoft, Brookings, Justice, Aging
Elon Musk drops suit against OpenAI and Sam Altman
  + stars: | 2024-06-11 | by ( Hayden Field | ) www.cnbc.com   time to read: +3 min
In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024. Elon Musk on Tuesday withdrew his lawsuit against OpenAI and two of the company's co-founders, Sam Altman and Greg Brockman, in California state court. Musk's decision to file to dismiss the suit came just one day after he publicly criticized OpenAI and its new partnership with Apple. In February, Musk had filed a lawsuit against OpenAI, Altman and Brockman — the current CEO and president of OpenAI, respectively — for breach of contract and fiduciary duty. Last year, Musk debuted his own AI startup and OpenAI competitor, xAI, which last month announced a $6 billion Series B funding round.
Persons: Elon Musk, Sam Altman, OpenAI, Greg Brockman, Musk, Altman, Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, Andreessen Horowitz, X.AI, — CNBC's Lora Kolodny Organizations: Tuesday, Apple, CNBC, OpenAI, Microsoft, Elon, Sequoia Capital, Fidelity Management & Research Company, Musk Locations: Ankara, Turkiye, California, San Francisco
In his outsider bid for the White House, Robert F. Kennedy Jr. is flanked by a team of unlikely political characters: new age health gurus, anti-vaccine activists, social media influencers, veterans of fringe third-party campaigns, cryptocurrency evangelists and militant environmentalists. Now a Hollywood screenwriter, Mr. Carson, 47, has the résumé of a Democratic insider. He was the press secretary for Hillary Clinton’s 2008 presidential campaign. He worked for Bill Clinton, Chuck Schumer, Tom Daschle, Howard Dean and Michael Bloomberg. But over the past year, he has become a quiet, steadying force behind a candidate who is at war with the Democratic Party.
Persons: Robert F, Kennedy Jr, Jay Carson, Carson, Hillary Clinton’s, Bill Clinton, Chuck Schumer, Tom Daschle, Howard Dean, Michael Bloomberg, Anita Dunn, Biden, , Kennedy, Organizations: White, Democratic, , Democratic Party Locations: Hollywood, Topanga Canyon, Calif
The UConn coach declined a six-year, $70 million contract offer from the Los Angeles Lakers to become the team’s next head coach, team and league sources confirmed Monday. Los Angeles would have made Hurley one of the NBA’s six highest-paid coaches. Lakers vice president of basketball operations Rob Pelinka and team governor Jeanie Buss made an aggressive pitch to Hurley in Los Angeles on Friday. The Lakers are open to any contract structure that will keep James in Los Angeles, league sources told The Athletic. History repeats itself for the Los Angeles Lakers.
Persons: Jovan Buha, Brendan Quinn, Dana O’Neil Dan Hurley, Hurley, John Wooden, Rob Pelinka, Jeanie Buss, Dan Hurley didn’t, Ham, , podcaster JJ Redick, James Borrego, Anthony Davis, Redick, LeBron James, James, Mike Krzyzewski, Laker Kobe Bryant, K, Dan Hurley, Mike Vorkunov, Tom Izzo, Billy Donovan, Donovan, he’ll, Donovan Clingan, Tristen Newton, Alex Karaban, Hassan Diarra, Jaylin Stewart, Chris Coduto Organizations: NBA, UConn, Los Angeles Lakers, NCAA, UCLA, Lakers, ESPN, New Orleans Pelicans, of Fame, Duke, Laker, Michigan State, Cleveland Cavaliers, Orlando Magic, Big Locations: Angeles, Los Angeles, Storrs, Conn, Florida, Connecticut
French election shock hits stocks and the euro
  + stars: | 2024-06-10 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
London CNN —The decision by French President Emmanuel Macron to call a snap election after losing to the far right in a vote for European lawmakers roiled markets and the euro Monday. The first round of the French election is scheduled for June 30, followed by the second round on July 7. Under the French system, parliamentary elections are held to elect the 577 members of the lower house, the National Assembly. Higher yields indicate that investors want a bigger premium to buy French bonds given the political uncertainty. “A right-wing majority in the (French parliament) would hamper any reform plans.
Persons: Emmanuel Macron, Macron, Générale, , , Mike O’Sullivan, whittle, Andrew Kenningham, ” Mohit Kumar Organizations: London CNN, BNP, Credit Agricole, National, National Assembly, CNN, Capital Economics, Jefferies Locations: Paris, Europe, , France
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