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☆ City Council member says Elon Musk's supercomputer factory is causing local 'hysteria': report
▼ + stars: | 2024-07-18 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

Read previewThe Greater Memphis Chamber publicly announced last month that Elon Musk would build xAI's "gigafactory of compute" in the Tennessee city. The planned facility is set to house what Musk intends to be the world's most powerful supercomputer, set to power xAI's chatbot, Grok. AdvertisementOne council member, Pearl Walker, told Forbes that the development caused "hysteria" among Memphis locals. In an open letter shared on X, a group of three Memphis environmental groups also expressed concerns about the factory's impact on the local power supply. Memphis Light, Gas, and Water is trying to prevent the factory from affecting the local power grid, the outlet added.

Persons: —, Elon, Musk, Pearl Walker, Forbes, Walker, xAI, Bernstein, Goldman Sachs, haven't, Ted Townsend, Musk's Organizations: Service, Memphis Chamber, Business, Economic, Tennessee Valley Authority, Memphis City, Forbes, Memphis, The Washington Post, Bernstein Research, Meta, Greater, Greater Memphis Chamber Locations: Memphis, Tennessee, Shelby, Iowa, The, Greater Memphis

The information for the following product(s) has been collected independently by Business Insider: American Express® Green Card, Amex EveryDay® Credit Card, Amex EveryDay® Preferred Credit Card, Hilton Honors American Express Aspire Card, Marriott Bonvoy Boundless® Credit Card. History and overview of the Amex Membership Rewards programThe Amex Membership Rewards program debuted way back in 1991 with just seven U.S. airline partners. In this comprehensive guide, we'll show you how to transfer American Express points for travel, and teach you our best tips for maximizing value for Amex Membership Rewards transfers. We'll also walk you through Amex points transfer ratios and policies, point out the best Amex airline transfer partners, and walk you through transferring Amex points to hotel loyalty programs. The best cards for earning American Express Membership RewardsThe Platinum Card® from American Express Apply now lock icon An icon in the shape of lock.

Persons: Hilton, Chase, We'll, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you've, Marriott, Asia Miles, Air Canada Aeroplan Air Canada Aeroplan, Aeroplan, that's, it's, you'll, we've, Avianca, Conrad, It's Organizations: Business, Hilton Honors, Marriott, Strategic, Delta, Air Canada, Read, Citi, American Express, American, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Airline, Aer Lingus, Aeromexico Club, Air Canada Aeroplan Air France, KLM Flying Blue ANA, Avianca, British Airways Executive Club Cathay, Asia Miles Delta, Emirates Skywards Etihad Airways, Program, Airlines, Iberia, JetBlue, Qantas Frequent Flyer Singapore Airlines, Virgin Atlantic Flying Club, Air Canada Aeroplan Air Canada, Star Alliance, Lufthansa, SWISS, ANA, France, KLM, Blue, Air France, Kenya Airways, TAROM, Korean Air, All Nippon Airways, SAS, TAP Portugal, British Airways Executive, British Airways, American Airlines, Alaska Airlines, Cathay, Qantas, JAL, British Airways Executive Club, Europe . Cathay, American Airlines AAdvantage, Qatar Airways, JFK, Virgin, Etihad, Air New Zealand, Royal Air Maroc, Etihad Guest . Singapore Airlines KrisFlyer Singapore Airlines, North, United, Air, Singapore Airlines, Virgin Atlantic Flying Club Virgin Atlantic Flying, Virgin Atlantic, Aeromexico, Club, Avianca's Star Alliance, Emirates Skywards, Hawaiian Airlines, Qantas Frequent, Diamond, Hilton Resorts, Waldorf Locations: Hulu, Asia, North America, Atlantic, Pacific, South America, Vancouver, Seattle, Tokyo Haneda, Europe, West Coast, Canada, Hawaii, Newark, Cape Town, Johannesburg, Australia, Miami, Dallas, Caribbean, Los Angeles, San Francisco, Tokyo, Boston, Dublin, Iberia, Europe . Cathay Pacific Asia, Hong Kong, Alaska, Amex, Doha, Chicago , New York, Philadelphia, Delta, SkyTeam, Morocco, Abu Dhabi, Air Canada, Singapore, New York, JFK, Frankfurt, Japan, Emirates

Chase Ultimate Rewards and American Express Membership Rewards are the most popular credit card reward programs. The Amex Platinum Card and Chase Sapphire Preferred earn points in two different programs — American Express Membership Rewards and Chase Ultimate Rewards®, respectively. American Express Membership Rewards OverviewThis brings us to the American Express Membership Rewards program, which is similar to the Chase Ultimate Rewards with a few key differences. The American Express Membership Rewards program includes the following transfer partners:Amex Membership Rewards Transfer Partners Aer Lingus: 1,000 points = 1,000 milesAeromexico: 1,000 points = 1,600 milesAir Canada: 1,000 points = 1,000 milesAir France-KLM Flying Blue: 1,000 points = 1,000 milesAlitalia: 1,000 points = 1,000 milesANA Mileage Club: 1,000 points = 1,000 milesAsia Miles: 1,000 points = 1,000 milesAvianca: 1,000 points = 1,000 milesBritish Airways: 1,000 points = 1,000 milesDelta SkyMiles: 1,000 points = 1,000 milesEl Al Israel: 1,000 points = 20 milesEmirates: 1,000 points = 1,000 milesEtihad Airways: 1,000 points = 1,000 milesHawaiian Airlines: 1,000 points = 1,000 milesIberia: 1,000 points = 1,000 milesJetBlue: 250 points = 200 milesQantas: 500 points = 500 milesSingapore Airlines: 1,000 points = 1,000 milesVirgin Atlantic: 1,000 points = 1,000 milesChoice Privileges: 1,000 points = 1,000 hotel pointsHilton Honors: 1,000 points = 2,000 hotel pointsMarriott Bonvoy: 1,000 points = 1,000 hotel pointsLike the Chase Ultimate Rewards program, American Express Membership Rewards offers the most bang for your buck when you transfer points to airline and hotel partners. Choosing Between Chase Points and Amex PointsIf you can't decide between Chase Ultimate Rewards and American Express Membership Rewards, there are some serious questions you should be asking yourself.

Persons: Chase, you'll, You've, Holly Johnson, Amex, You'll, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash Organizations: Business, Read, American Express, Chase, Sapphire, Chase Sapphire Reserve, Freedom, Apple, Chase Sapphire, Aer Lingus British Airways Emirates Air France, KLM, Blue, JetBlue Singapore Airlines, Southwest Airlines United, Virgin, Hyatt, Chase Travel, Hotel, FDIC, American, Aer Lingus, Air, Air France, Alitalia, British Airways, El, Emirates, Etihad Airways, Hawaiian Airlines, JetBlue, Qantas, Singapore Airlines, Marriott, airfare, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Southwest Rapid, Delta Air Lines Locations: U.S, airfare, Air Canada, Asia Miles, El Al Israel, Iberia, Hulu, United

☆ I tried out Amazon's new AI shopping assistant Rufus. One feature stood out as a game changer.
▼ + stars: | 2024-07-17 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Read previewAmazon finally rolled out its AI assistant Rufus to all US customers after announcing the new feature in February. AI shopping assistants are becoming more popular, with various online retailers adding them to their sites. AdvertisementAmazon's shopping assistant uses information from listing details, reviews, and Q&As. Amazon/screenshotI wouldn't have thought to ask questions about the noise level or whether it oscillates, but these ended up being determining factors for the fan I selected. AdvertisementIt's a game changer for warehouse shoppingThe AI assistant has received some lackluster reviews from those who have tried it.

Persons: —, Rufus, it's, I've, Fitbit Organizations: Service, IBM, Business, Amazon, Apple Watch

☆ Gen Z data scientist says many majors in the field are interchangeable — so this is what to do if you want an AI job
▼ + stars: | 2024-07-17 | by ( Ana Altchek | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. She now works as a data scientist at JPMorgan and makes videos about tech careers in her free time. She told Business Insider that many majors are interchangeable and that several degrees, such as computer science, math, information sciences, and data science, can lead to jobs in the field. Krinsky said while Big Tech names may look flashy on your résumé, hands-on experience is crucial to actually landing the job. Most projects start with scraping the web for data and then require building, training, and fine-tuning the model.

Persons: —, Allison Krinsky, Krinsky, haven't, it's Organizations: Service, University of Washington, JPMorgan, Business, Big Tech

When former President Donald J. Trump met with House Republicans last month, he touched on a mix of policies core to his economic agenda: cutting income taxes while also significantly raising tariffs on foreign goods. Mr. Trump told Republicans he would “love to raise tariffs” and cut income taxes on Americans, potentially to zero, said Representative Marjorie Taylor Greene, Republican of Georgia. “Everyone was clapping in the room,” Ms. Greene said. “He said, ‘If you guys are going to go vote on something today, vote to lower taxes on Americans.’”Tariffs and tax cuts were central to Mr. Trump’s economic thinking while he was in the White House. If he wins in November, he is promising a much more aggressive approach, including potentially a blanket 10 percent tariff on nearly all imports and a 60 percent tax on Chinese goods.

Persons: Donald J, Trump, Marjorie Taylor Greene, Ms, Greene, “ Organizations: Republicans, Republican Locations: Georgia

☆ Sam Altman says society may decide we need AI-client privilege similar to confidentiality with lawyers or doctors
▼ + stars: | 2024-07-16 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Sam Altman discussed the possibility of granting some confidentiality around what people tell AI. Altman brought up the idea while talking about his new AI health venture with Arianna Huffington. AdvertisementShould the sensitive information we share with AI be regulated under a confidentiality agreement similar to attorney-client privilege? Sam Altman mulled the idea in a recent interview with The Atlantic, saying society may "decide there's some version of AI privilege." "When you talk to a doctor or a lawyer, there's medical privileges, legal privileges," Altman said.

Persons: Sam Altman, Altman, Arianna Huffington, — Organizations: Service, Business

☆ Up to $1 Billion May Go to Waste After Hochul’s Congestion Pricing Halt
▼ + stars: | 2024-07-16 | by ( Ana Ley | ) www.nytimes.com time to read: +1 min

Kathy Hochul made the abrupt decision to cancel congestion pricing in New York City last month, transit leaders had already allocated more than a half a billion dollars to get the long-awaited tolling program off the ground. The Metropolitan Transportation Authority entered into a $556 million contract for cameras, software and other tools that would have been used to detect vehicles entering the planned tolling zone south of 60th Street in Manhattan. With the program indefinitely suspended, that money is, at least for the moment, wasted. Congestion pricing was designed to rein in traffic and pollution while improving travel speeds in some of the world’s most crowded streets. The money raised from the first-in-the-nation program would have generated $1 billion annually for the M.T.A., which would have used it to pay for critical upgrades and improvements to the city’s transit network.

Persons: Kathy Hochul, Rachael Fauss Organizations: New York City, Metropolitan Transportation Authority Locations: New York, Manhattan, Albany

☆ Elon Musk explains why Tesla's Robotaxi event is delayed
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk has seemingly confirmed Tesla's Robotaxi event has been delayed and revealed one reason the company needs more time before the big reveal. AdvertisementThe apparent reveal event delay isn't a complete shock — Musk often underestimates how long it will take to bring the ideas he has to market, saying he tends to be optimistic about product timelines. The same happened with the Cybertruck, Tesla's Full Self-Driving software, and Starlink's high-speed internet access in remote areas. Not much is known about Tesla's Robotaxi event aside from that the public will get a glimpse at whatever the company has been working on. Tesla has yet to officially announce a new date for the Robotaxi event.

Persons: —, Elon Musk, Musk, Warren Redlich, Tesla, Rosalie Nathans, she's Organizations: Service, Bloomberg, Business, Tesla, EV

☆ Trading Free-Market Ideals for Protectionism, G.O.P. Goes Full Trump
▼ + stars: | 2024-07-15 | by ( Jeanna Smialek | Ana Swanson | ) www.nytimes.com time to read: +1 min

Donald J. Trump’s presidency was a major turn away from the Republican Party’s long embrace of free-market economics. If the Republican platform is any indication, a second Trump term would be a near-complete abandonment. The platform does not directly mention fiscal deficits, and, apart from curbing government spending, it does not make any clear and detailed promises to rein in the nation’s borrowing. Other policies it proposes — including cutting taxes and expanding the military — would most likely swell the nation’s debt. The Republican platform also does not mention exports or encouraging trade.

Persons: Donald J, Trump’s Organizations: Republican, Trump, Republican National Convention Locations: Milwaukee

☆ 4 ways OpenAI's newest AI model GPT-4o can make you more productive at work
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

OpenAI has led the AI race with ChatGPT, which attracted one million users shortly after it became available in November 2022. AdvertisementBut OpenAI's new flagship AI model, GPT-4o, which was announced during OpenAI's Spring Update, has improved capabilities in these areas and "can reason across audio, vision, and text in real time." Here are some of the GPT-4o features that can help make your workday more productive. AdvertisementTo create a GPT, you can go to this site and select "Create a GPT." OpenAI's GPT Builder can create personalized GPTs to fit users' specific needs.

Persons: —, ResumeTemplates.com, ChatGPT, OpenAI Organizations: Service, Business, Microsoft Locations: Washington

☆ Read the email CEO Jamie Dimon sent to JPMorgan employees after the assassination attempt on Trump
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Jamie Dimon wrote a memo to JPMorgan staff condemning the assassination attempt on Trump. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe attempted assassination of former President Trump drew quick responses from lawmakers and business leaders, including JPMorgan CEO Jamie Dimon. Dimon joined the list of CEOs who spoke out against the shooting with a companywide email to employees sent Sunday, which BI confirmed. This story is available exclusively to Business Insider subscribers.

Persons: Jamie Dimon, Dimon, —, Trump Organizations: JPMorgan, Trump, Service, Business

☆ 'Rentvesting' can be 'a good way to get into the property market,' economist says. Here's how it works
▼ + stars: | 2024-07-15 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

"It can be a good way to get into the property market," she said, especially if you live in a city where home prices are out of your budget. About 55% of small-portfolio rental owners hire a property manager because they don't live near their rental property, according to the State of the Property Management Industry Report by Buildium, a property management software company. However, hiring a property manager comes at a cost, which depends on factors such as the property location and services provided. Property manager fees can reach up to 25% of the monthly rent price, depending on the specifications, according to Apartment List. That's good news for renters, "but not good news if you're a property owner," said Fairweather.

Persons: Oscar Wong, Danielle Hale, Hale, they're, Daryl Fairweather, Fairweather Organizations: Finance, Redfin, Property Management Locations: United States

☆ Elon Musk says Tesla needs 'extra time' to redesign the front of its Robotaxi before the big reveal
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk has seemingly confirmed Tesla's Robotaxi event has been delayed and revealed one reason the company needs more time before the big reveal. AdvertisementThe apparent reveal event delay isn't a complete shock — Musk often underestimates how long it will take to bring the ideas he has to market, saying he tends to be optimistic about product timelines. Not much is known about Tesla's Robotaxi event aside from that the public will get a glimpse at whatever the company has been working on. Tesla is also facing a number of lawsuits and regulator scrutiny related to safety concerns over its self-driving software. Tesla has yet to officially announce a new date for the Robotaxi event.

Persons: —, Elon Musk, Musk, Warren Redlich, Tesla, Rosalie Nathans, she's Organizations: Service, Bloomberg, Business, Tesla, EV

☆ An Instagram influencer who partied with Leonardo DiCaprio got 8 years in prison for human trafficking: report
▼ + stars: | 2024-07-15 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +6 min

Read previewKat Torres, an Instagram influencer, was sentenced to eight years in a Brazilian prison for the human trafficking and slavery of a woman, according to the BBC. According to the BBC, Torres had gone from living in a Brazillian favela to partying with Leonardo DiCaprio and other A-listers. But according to the BBC, Ana and other followers said taking Torres' advice led to them becoming increasingly isolated from family and friends. Freitas told the BBC that Torres later tried to persuade her to become a sex worker. According to the BBC, Ana saw the news stories and contacted law enforcement agencies, including the FBI.

Persons: —, Kat Torres, Torres, Leonardo DiCaprio, Ana, Letícia Maia, Desirrê Freitas, Freitas, Maia, @searchingDesirrê, Jesus Organizations: Service, BBC, BBC Eye, BBC News Brasil, FBI, Business, Globo Locations: Brazilian, New York, Brazil, Germany

☆ An Instagram influencer who partied with Leonardo DiCaprio was jailed for trafficking and slavery: report
▼ + stars: | 2024-07-15 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +6 min

☆ In Brazil, Early Wildfires Break Records — and Raise Alarm
▼ + stars: | 2024-07-12 | by ( Ana Ionova | ) www.nytimes.com time to read: +1 min

Brazil is still weeks away from its traditional fire season, but hundreds of blazes, fanned by searing temperatures, are already laying waste to the Pantanal, the world’s largest tropical wetlands, and to parts of the Amazon rainforest. Scientists say the burning of such vast swaths of land may represent a new normal under rising global temperatures and uneven rain, making efforts to save some of the world’s most important ecosystems much harder. There were more wildfires in Brazil’s share of the Pantanal, an enormous trove of biodiversity stretching across three countries, between January and June of this year than during the same period in any other year, according to the National Institute for Space Research, which has been tracking fires in Brazil since 1998. The highest number of fires in at least two decades was also recorded in the Amazon and in the Cerrado savanna, a patchwork of shrubs, grasslands and gnarled trees encompassing 1.2 million square miles in Brazil’s central and northeastern regions.

Organizations: National Institute for Space Research Locations: Brazil, Brazil’s

☆ How to get Google's free dark web report to see if your personal info is floating around the corners of the internet
▼ + stars: | 2024-07-12 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Google will offer its dark web report for free starting in late July. Previously a Google One feature, the report looks for data tied to you from past data breaches or hacks. Users can access the report via Google's "Results about you" tool to monitor and remove data. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGoogle is making its dark web report, which monitors data breaches, free for users starting late July.

Persons: — Organizations: Google, Service, Business

watch nowHousing inflation has remained stubbornly high even as inflation in the broad U.S. economy has cooled significantly from peak levels during the pandemic era. At a high level, "shelter" inflation is a measure of U.S. rental prices, said Jessica Lautz, deputy chief economist at the National Association of Realtors. Why CPI shelter inflation has fallen slowlyThe pullback in shelter inflation has been slower than expected, economists said. How the CPI reflects homeownershipThe shelter inflation index is meant to measure the average cost of housing in the U.S. economy, J.P. Morgan's Seydl said. "When it comes to the CPI, [shelter] does not mean the cost for homes for purchase," said the NAR's Lautz.

Persons: Joe Seydl, Jessica Lautz, Olivia Cross, We've, Jerome Powell, Selma Hepp, Morgan's Seydl, Powell, Seydl Organizations: Morgan Private Bank, Housing, National Association of Realtors, of Labor Statistics, Capital Economics, Finance, Federal, CoreLogic, BLS, Olivia Cross North, Capital, CPI Locations: North America, U.S, Olivia Cross North America

☆ Tesla could benefit if Trump returns to the White House
▼ + stars: | 2024-07-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Wedbush analysts note a Trump presidency may hurt the EV sector but benefit Tesla. Higher Chinese tariffs could limit competition, giving Tesla an edge in the US EV Market. Overall, Wedbush writes that Trump's presidency would be an overall negative for the industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to a note to investors from Wedbush analysts, Trump's possible return to the White House could be a good thing for Tesla.

Persons: Trump, Tesla, Wedbush, Trump's, — Organizations: Market, Service, Elon, Business

☆ Read Intuit CEO's message announcing over 1,000 layoffs due to performance — but the company is hiring 1,800 in areas like AI
▼ + stars: | 2024-07-11 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Intuit's CEO wrote in an email to staff that 1,050 of 1,800 cut employees didn't meet expectations. The company is moving forward with a reorganization plan to focus on "key growth areas" like AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "We've significantly raised the bar on our expectations of employee performance," the CEO wrote in the email included in an SEC filing. CEO Sasan Goodarzi added in the email that the company believes the staff would find more success elsewhere, the report said.

Persons: —, We've, Sasan Goodarzi Organizations: Service, Intuit, SEC, Business

☆ Gen Zers are willing to buy fixer-upper homes. Some already regret the decision, new report finds
▼ + stars: | 2024-07-11 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

About one in five Gen Zers, or 22%, say a lack of affordable starter homes poses as a barrier towards homeownership, according to a new report. Some believe fixer-upper homes might be the answer to the issue. More than half, 57%, of Gen Zers polled said they are willing to put an offer on a fixer-upper, according to a new report by Clever Real Estate. The site surveyed 1,000 Gen Z adults 18 and older; 126 were homeowners and the remaining 874 do not own a home. To that point, of the 40% of Gen Z homeowners who did buy a fixer-upper, about 27% regret it, the report found.

Persons: Gen Zers, Jaime Dunaway, Seale, Marine Sargsyan Organizations: Finance, Marine

☆ Biden Announces Tariffs on Chinese Metals Routed Through Mexico
▼ + stars: | 2024-07-10 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

The Biden administration took steps on Wednesday to prevent China from circumventing American tariffs on Chinese steel and aluminum by routing those imports through Mexico. The administration said it would impose tariffs on imports of Mexican metals that are partially made in China. American officials said the move would close a trade loophole that has allowed cheap, state-subsidized Chinese metals to circumvent existing U.S. tariffs. The United States will now impose a 25 percent tariff on Mexican steel that is melted or poured outside of North America before being turned into a finished product. Previously, that steel would have entered the country duty free.

Persons: Biden, Lael Brainard Organizations: White, Economic Council Locations: China, Mexico, United States, North America, Mexican, Belarus, Iran, Russia

☆ Elon Musk gives an update on Neuralink's brain-chip business. These are 5 things you can expect in the near future.
▼ + stars: | 2024-07-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk wants "to give people superpowers," according to a livestream Neuralink update broadcast on X Wednesday. The CEO took the moment to provide an overview of what's been done and give his future projections about the brain chip. The chip contains an array of tiny wires that fan out into the patient's brain. Neuralink's first patient, Noland Arbaugh, received the brain chip in January and has since said it improved his life. Musk started off the livestream by saying the second Neuralink patient is expected to receive an implant in the next week or so.

Persons: —, Elon, Neuralink's, Noland Arbaugh, Musk, Neuralink Organizations: Service, Business, Optimus, Bloomberg

☆ Elon Musk just dodged a $500 million bullet
▼ + stars: | 2024-07-10 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Read previewElon Musk and his company X, formerly Twitter, just got out of a $500 million in severance pay lawsuit for now, according to a Tuesday court ruling. They argued the company failed to properly compensate over 6,000 laid-off employees under rules set by the Employee Retirement Income Security Act. The judge noted in her ruling that the company told employees after Musk took over that laid-off employees would get cash payouts. AdvertisementThe company told employees after Musk took over that laid-off employees would get cash payouts, according to the ruling. Several lawsuits have been filed regarding Musk's takeover of X and insufficient severance pay awarded to laid-off employees — and they're ongoing.

Persons: —, Elon Musk, Courtney McMillian, Ronald Cooper, Sanford Heisler Sharp, Trina Thompson, Musk, McMillian, Cooper Organizations: Service, Northern District of, Twitter, Business, BI, Musk's Locations: Northern District, Northern District of California, London, Boulder , Colorado

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