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☆ Elon Musk Says He Expects to Name a Twitter Boss as He Testifies Over His Tesla Pay Deal
▼ + stars: | 2022-11-16 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

WILMINGTON, Del.—Elon Musk said he expects to name someone else to run Twitter Inc. and gradually scale back how much time he spends managing the platform he acquired late last month for $44 billion. Mr. Musk, who also runs Tesla Inc. and rocket company SpaceX, said he has been spending the lion’s share of his time on Twitter recently. “I expect to reduce my time at Twitter and find somebody else to run Twitter over time,” Mr. Musk said while testifying in Delaware in a trial over his Tesla compensation package.

☆ Elon Musk Says He Expects to Name a Twitter CEO as He Testifies Over His Tesla Pay Deal
▼ + stars: | 2022-11-16 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

☆ Elon Musk Testifies in Court Over His Multibillion-Dollar Tesla Pay Deal
▼ + stars: | 2022-11-16 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

WILMINGTON, Del.—Elon Musk said the targets in his multibillion-dollar Tesla Inc. pay package were “extremely unlikely” when initially contemplated, as he defended the grant on the stand Wednesday. The trial that kicked off Monday in Delaware’s business-law court has focused on whether Mr. Musk, Tesla ‘s chief executive, had undue influence over a 2018 pay package that is worth around $52 billion at recent share prices.

The Polish government convened an emergency security and defense meeting Tuesday and agreed to increase its military readiness, government spokesman Piotr Mueller said, after an explosion killed two people near the border with Ukraine. It was not clear what caused the explosion in the southeastern town of Hrubieszów, Mueller said after the emergency meeting was convened. The longer Russia feels impunity, the more threats there will be to anyone within reach of Russian missiles,” Ukrainian President Volodymyr Zelenskyy wrote on Telegram. We must act.”The prospect of Russian missiles possibly hitting Poland, a member of NATO, triggered fears that the war in Ukraine could intensify sharply. Estonia is ready to defend every inch of NATO territory,” the country’s foreign minister said via Twitter.

☆ Tesla Chair Testifies in Elon Musk’s Compensation Trial in Delaware
▼ + stars: | 2022-11-15 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

In this courtroom sketch from Monday, venture capitalist Ira Ehrenpreis was cross-examined in Elon Musk’s compensation trial. WILMINGTON, Del.— Tesla Inc. Chair Robyn Denholm kicked off testimony Tuesday in the second day of a trial over Elon Musk‘s multibillion-dollar pay package at the electric-vehicle maker. A Tesla shareholder, Richard Tornetta, is seeking to nullify Mr. Musk’s 2018 compensation grant, alleging that Mr. Musk controlled the board’s consideration of his pay package and failed to disclose crucial information to shareholders who signed off on it—such as how achievable the company viewed certain milestones to be. The package is worth around $51 billion at recent share prices.

☆ Elon Musk’s Influence Over Tesla’s Board in Focus as Tesla Compensation Trial Kicks Off
▼ + stars: | 2022-11-14 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

WILMINGTON, Del.—Opening-day testimony in the trial over Elon Musk‘s multibillion-dollar pay package at Tesla Inc. centered on the CEO’s role in determining his own compensation. A Tesla shareholder, Richard Tornetta , is seeking to nullify Mr. Musk’s 2018 compensation grant, alleging that Mr. Musk controlled the board’s consideration of his pay package and failed to disclose crucial information to shareholders, who signed off on it. The package is worth around $51 billion at recent share prices.

☆ Elon Musk’s Tesla Compensation Trial in Delaware Court Kicks Off
▼ + stars: | 2022-11-14 | by ( Rebecca Elliott | Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

WILMINGTON, Del.—The trial over Elon Musk‘s multibillion-dollar pay package at Tesla Inc. kicked off Monday morning in Delaware’s business-law court. A Tesla shareholder, Richard Tornetta , is seeking to nullify Mr. Musk’s 2018 compensation grant, valued at around $52 billion at recent share prices. The plaintiff is alleging that the board at the time failed to disclose crucial information about the package to shareholders, who signed off on it.

☆ Maryland Gov. Larry Hogan blasts Trump's continued influence within the GOP after the party's midterm election performance: 'I'm tired of losing'
▼ + stars: | 2022-11-13 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Larry Hogan said he's "tired of losing" following a lackluster GOP showing in the midterms. Hogan pointed to former President Donald Trump's continued influence over the GOP as a major issue. Larry Hogan on Sunday criticized former President Donald Trump's continued influence within the GOP, pointing to the ex-president as the source of party's lackluster showing in the 2022 mid tem elections and emphasizing that he's "tired of losing." And Donald Trump kept saying, we're going to be winning so much, we will get tired of winning." Moore, an Army veteran and author, won this year's Maryland gubernatorial election in a landslide over GOP Del.

☆ Businesses Rush to Sidestep Rate Shock by Paying Down Debt
▼ + stars: | 2022-11-09 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Executives are aggressively paying down debt as higher interest rates increase the cost associated with having debt and businesses face the prospect of a recession. As a result, some are taking steps to rein in expenses and cut interest costs, while others are looking to put cash reserves to work as their bank deposits continue to generate minimal yields. Beauty paid an annual interest rate of 4.9% on the loan, according to Mandy Fields, the company’s chief financial officer. About two-thirds of the loan carried a 5% interest rate that was fixed through a swap, which was set to expire in 2025. The two transactions reduced KAR’s annual interest costs by $70 million, to an estimated $15 million a year, Mr. Loughmiller said.

Spreading lies, misinformation and doubt about the 2020 election have proven to be a winning strategy for many Republicans across the United States. The analysis identified more than 370 candidates who cast doubt in some way on the 2020 election. House Republican newcomer said the 2020 election was stolen House Republican newcomer questioned the 2020 election in other ways W y o . M o . T e x as T enn. A vast majority of states will have one or more Republicans who cast doubt on the 2020 election. More than a Dozen Skeptics Elected in the SenateThe 16 Republican skeptics elected so far include several who have outright denied the 2020 election, including J.D.

Rep. David Trone is running against Republican Neil Parrott in Maryland's 6th Congressional District in a rematch. The 6th District is located in the western region of the state. Democratic Rep. David Trone once again faces off against Republican Neil Parrott in Maryland's 6th Congressional District in a rematch. 2022 General EmbedsMaryland's 6th Congressional District candidatesTrone, first elected in 2018, serves on the House Appropriations and Veterans' Affairs Committees and the Joint Economic Committee. Voting history for Maryland's 6th Congressional DistrictMaryland's 6th Congressional District covers all of Frederick County.

In the wake of Greene’s statement and other Republicans aligned with former President Donald Trump questioning the amount of U.S. aid delivered to Ukraine in recent weeks, Sens. A key supporter of Kyiv, Portman is the co-chair and co-founder of the Senate Ukraine Caucus and a member of the Senate Foreign Relations Committee. His departure from Congress is seen as a potential blow for Ukrainian support. Some Ukrainian officials have expressed nervousness in recent weeks, as news stories indicated potential GOP opposition to continued support for Kyiv. Barry Reeger / AP fileYuriy Saks, adviser to Ukraine Minister of Defense Oleksii Reznikov, told NBC News on Monday that he hoped the results of the U.S. election would not affect the country’s continued support of Ukraine.

[1/2] SpaceX Chief Engineer Elon Musk gestures during a joint news conference with T-Mobile CEO Mike Sievert at the SpaceX Starbase, in Brownsville, Texas, U.S., August 25, 2022. REUTERS/Adrees LatifCompanies Twitter Inc FollowTesla Inc FollowWILMINGTON, Del., Nov 7 (Reuters) - As Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla Inc pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker. The disputed pay package allows Musk to buy 1% of Tesla's stock at a deep discount each time escalating performance and financial targets are met; otherwise Musk gets nothing. Does Elon Musk work for the board or does the board work for Elon Musk," said Minor Myers, a professor at UConn School of Law. Myers said if the pay package is rescinded, the board could simply create a new one and do so with McCormick's ruling to guide them.

☆ There have only been 2 Black elected governors in US history, but the 2022 midterm elections could usher in unparalleled change
▼ + stars: | 2022-11-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +11 min

There have only been two Black elected governors in US history, but that could change on Tuesday. With the victory, Wilder became the first Black elected governor in the United States, generations after P.B.S. He said people brag about him as the first Black governor elected in America. However, this year, Black gubernatorial candidates weren't overly reliant on the party leadership to help them land the nominations in their respective states. At the end of the day, if that's what I accomplished, that's not enough," Moore told Insider.

☆ Democratic Rep. David Trone faces off against Republican state Del. Neil Parrott in Maryland's 6th Congressional District election
▼ + stars: | 2022-11-02 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Rep. David Trone is running against Republican Neil Parrott in Maryland's 6th Congressional District in a rematch. The 6th District is located in the western region of the state. Maryland's 6th Congressional District candidatesTrone, first elected in 2018, serves on the House Appropriations and Veterans' Affairs Committees and the Joint Economic Committee. Voting history for Maryland's 6th Congressional DistrictMaryland's 6th Congressional District covers all of Frederick County. The money raceAccording to OpenSecrets, Trone has raised $13 million, spent $8.2 million, and has $4.9 million on hand, as of October 19.

☆ U.S. military inspectors in Ukraine to keep further track of weapons and equipment
▼ + stars: | 2022-10-31 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | Courtney Kube | ) www.nbcnews.com time to read: +5 min

American military personnel are now in Ukraine to help keep track of the billions of dollars’ worth of weapons and equipment the United States has sent since the start of the Russian invasion, a senior U.S. defense official and senior U.S. military official said. “There have been several of these inspections,” according to the senior defense official, who declined to give details on the locations of the on-site inspections. The inspections come after Russia and some Republicans in Congress have alleged that weapons and military equipment sent to Ukraine may have ended up on the black market. Pallets of ammunition, weapons and other equipment bound for Ukraine are processed at Dover Air Force Base, Del., on Jan. 21. “The Ukrainian government has committed to appropriately safeguarding and accounting for transferred defense equipment,” State Department spokesperson Ned Price said in a statement last week.

☆ Democrat Wes Moore faces off against Trump-backed Republican state Del. Dan Cox in Maryland's gubernatorial election
▼ + stars: | 2022-10-31 | by ( Hanna Kang | ) www.businessinsider.com time to read: +3 min

Democrat Wes Moore is running against Republican Dan Cox in Maryland's gubernatorial race. Maryland's gubernatorial candidatesMoore is a combat veteran in the US Army and a small business owner. Born and raised in Maryland, Cox served for over 15 years as a constitutional attorney and was previously the Republican nominee for Congress for Maryland's 8th Congressional District. Larry Hogan, who endorsed — to no avail — former Maryland Commerce Secretary Kelly M. Schulz in the Republican gubernatorial primary. The money raceAccording to filings with Maryland's secretary of state, Moore has raised $2.7 million, spent $1.4 million, and has $1.3 million of cash on hand, as of late August.

☆ Russia's Lavrov needles Biden over Cuban missile crisis and Ukraine
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +3 min

LONDON, Oct 30 (Reuters) - President Vladimir Putin's foreign minister on Sunday needled Joe Biden over Ukraine, saying that he hoped the U.S. president had the wisdom to deal with a global confrontation similar to the 1962 Cuban missile crisis. Russia's invasion of Ukraine has triggered the biggest confrontation between Moscow and the West since the Cuban crisis when the Soviet Union and United States came close to nuclear war. In an interview for a Russian state television documentary on the missile crisis, Foreign Minister Sergei Lavrov said there were similarities to 1962, largely because Russia was now threatened by Western weapons in Ukraine. "I hope that in today's situation, President Joe Biden will have more opportunities to understand who gives orders and how," Lavrov said. Asked what Russia should do now in the current crisis, Lavrov said: "The readiness of Russia, including President Vladimir Putin, for negotiations remains unchanged."

☆ Biden votes early in Delaware for November midterms
▼ + stars: | 2022-10-29 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

— President Joe Biden — accompanied by one of his granddaughters, a first-time voter — cast his midterm ballot on Saturday. In-person early voting in his home state of Delaware, where Biden regularly returns for weekends, began Friday. Democrats nationwide have encouraged voters to take advantage of early voting, either by mail-in ballots or at precincts where available to maximize turnout. Biden said he was feeling good about the midterms, which will decide control of Congress for the next two years. He also voted in Delaware last month, when he made a quick, one-day trip for the state’s Sept. 13 primaries.

☆ Biden to cast early vote, along with granddaughter, a first-time voter
▼ + stars: | 2022-10-29 | by ( ) www.reuters.com time to read: +2 min

WILMINGTON, Del., Oct 29 (Reuters) - U.S. President Joe Biden will cast an early vote in the crucial Nov 8 midterm elections on Saturday, joined by his granddaughter Natalie, a first-time voter, as Democrats fight for every vote. Polls suggest Democrats could lose control of both houses of Congress, with voter discontent over high inflation spoiling the momentum Democrats had hoped to win from a bitter fight with Repubicans over abortion rights. Voter turnout - usually far lower in midterm elections than in presidential ballot years - will be a critical factor in battleground states, and Democrats are urging voters to cast their ballots early. A total of 19,495,342 early votes have been cast nationwide, according the U.S. The center estimates that 50% of young people aged 18-29 voted in the 2020 presidential election, an 11% jump from 2016, but voter turnout tends to be lower in non-presidential election years.

☆ Maryland Democratic gubernatorial nominee Wes Moore says MAGA can't 'define what it means to be a patriot'
▼ + stars: | 2022-10-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +9 min

Maryland gubernatorial nominee Wes Moore is seeking to reshape how patriotism and service are discussed in the public arena. Moore, a Democrat, told Insider he won't cede the definition of patriotism to any one group or movement. Leave no one behind, ever," Moore told the crowd. "Wes Moore's campaign in so many ways is so different from the last Democratic nominee, who really focused on the progressive wing of the party. "From a political standpoint, it has also insulated Wes Moore against Dan Cox trying to say he's some sort of far-left socialist.

☆ Biden casts early vote, vows to visit more states in coming days
▼ + stars: | 2022-10-29 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

[1/5] U.S. President Joe Biden arrives to cast his vote during early voting for the 2022 U.S. midterm elections with his granddaughter Natalie, a first-time voter, at a polling station in Wilmington, Delaware, U.S. October 29, 2022. REUTERS/Tasos Katopodis/PoolWILMINGTON, Del., Oct 29 (Reuters) - U.S. President Joe Biden cast an early vote in the crucial Nov. 8 midterm elections on Saturday, joined by his granddaughter Natalie, a first-time voter, and said he would visit more states in coming days to help Democrats fight for every possible vote. "I'm feeling good," Biden told reporters after voting and speaking briefly with an elderly woman in a wheelchair. It's a choice, a fundamental choice," Biden said. "Millions of Americans are casting their ballots against Biden and Democrats' reckless agenda of crime, rising prices, and open borders," he said.

☆ Biden offers condolences after deadly stampede in South Korea
▼ + stars: | 2022-10-29 | by ( ) www.reuters.com time to read: 1 min

WILMINGTON, Del., Oct 29 (Reuters) - U.S. President Joe Biden offered his deepest condolences after at least 149 people were killed in a stampede at a Halloween event in South Korea, calling the incident tragic. "Jill and I send our deepest condolences to the families who lost loved ones in Seoul. We grieve with the people of the Republic of Korea and send our best wishes for a quick recovery to all those who were injured," he wrote, referring to his wife, first lady Jill Biden. The United States stands with the Republic of Korea during this tragic time." Reporting by Andrea Shalal in Wilmington, Del.

☆ Biden says husband of U.S. House Speaker Pelosi getting better following attack
▼ + stars: | 2022-10-29 | by ( ) www.reuters.com time to read: 1 min

WILMINGTON, Del., Oct 29 (Reuters) - President Joe Biden said on Saturday that Paul Pelosi, the husband of Speaker of the House Nancy Pelosi, is doing better following an attack for which he required surgery. Biden told reporters it looked like the attack was intended for Speaker Pelosi and he urged political actors to condemn political violence. Reporting by Andrea Shalal and Jason Lange; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

$55 BILLION TESLA PAY LAWSUITA shareholder of Tesla wants a judge to find that Musk's Tesla pay package, which is estimated to be worth $55 billion, unjustly enriches Musk. read more read moreTesla has said it does not tolerate discrimination and has taken steps to address workers' complaints. LAWSUITS SPARKED BY MUSK'S TWEETSIn August 2018, Musk sent a tweet that he had "funding secured" to take Tesla private, sending shares sharply higher. Tesla shareholders are suing in Delaware to tighten oversight of Musk's tweets about the company. read moreJPMorgan Chase & Co (JPM.N) also sued Tesla in November for $162.2 million, saying it was forced to reprice Tesla stock warrants after the 2018 tweet.

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