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Elon Musk, the visionary CEO of Tesla and SpaceX, has recently expressed his desire for an increased voting control over his electric vehicle business. Already owning around 13% of Tesla, which translates to approximately 411 million shares, Musk’s stake in the company is substantial. However, he now aims for a 25% voting control, allowing him
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Defense Secretary Lloyd Austin may be hospitalized, but that does not mean he is sitting idle. According to national security spokesperson John Kirby, Austin remains actively involved and engaged in his duties. Despite his hospitalization, Austin participated in discussions regarding strikes on Iran-allied Houthi militants in Yemen. Kirby emphasized that cabinet officials do not need
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In a blow to both Amazon and iRobot, shares of the Roomba maker plummeted by 19% following reports that Amazon’s concessions to Europe’s antitrust watchdog were rejected. The European Commission expressed concerns over potential competition issues arising from the planned $1.7 billion acquisition, prompting the need for Amazon and iRobot to propose changes to their
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In the midst of discussions suggesting that the economy might avoid a recession, a Deutsche Bank economist, Jim Reid, is cautioning against complacency. According to Reid, the optimistic talk surrounding a soft landing is not uncommon before the economy takes a downturn. While factors such as a strong labor market and resilient consumer spending have
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