Norway’s $1.7 trillion sovereign wealth fund has announced that it plans to vote against ratifying Tesla CEO Elon Musk’s $56 billion pay package. This decision comes after a Delaware judge invalidated the controversial package earlier this year. As the eighth-largest shareholder in Tesla, the fund’s decision carries significant weight in the upcoming shareholder vote. While
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The latest report from the Labor Department’s Bureau of Labor Statistics revealed that the US economy added a remarkable 272,000 jobs in May, significantly surpassing the Dow Jones consensus estimate of 190,000. This surge in nonfarm payrolls comes as a surprise to many, especially amidst concerns of a potential slowdown in the labor market. However,
Lee Seok Woo, a scientist at Nanyang Technological University, drew inspiration from a scene in a “Mission Impossible” movie where an agent wears contact lenses with facial recognition and eye tracking capabilities. This scene sparked Lee’s curiosity and led him to develop batteries for smart contact lenses. His expertise in battery components served as the
In the past five years, GameStop’s popularity has taken a drastic turn with the emergence of Keith Gill, also known as “DeepF——Value.” Starting with a $53,000 investment in GameStop, Gill’s net worth has skyrocketed to over $289 million, thanks to his bold moves in the stock market. He gained widespread attention by rallying retail traders
The traditional saying, “A diamond is forever,” seems to be losing its grip on consumers as more and more people are turning to lab-grown diamonds, gold, and other colored gemstones. This shift in consumer behavior is causing a significant impact on the diamond industry, with giant companies like De Beers facing challenges. The allure of
The recent ruling by a U.S. court allowing scientific evidence to be presented in a stack of lawsuits related to the discontinued heartburn drug Zantac has sent shockwaves through the pharmaceutical industry. This decision has had a significant impact on British pharmaceutical giant GSK, whose shares plunged by 9% following the ruling. The cases, which
China’s continuous efforts in space exploration have once again made headlines with the successful landing of a spacecraft on the far side of the moon. This groundbreaking mission aims to collect soil and rock samples, shedding light on the differences between the less-explored region and the well-known near side. The China National Space Administration announced
In today’s rapidly advancing technological landscape, the concept of the “Internet of Bodies” (IOB) is gaining momentum. Coined by academic and author Andrea M. Matwyshyn in 2016, IOB refers to a network of human bodies that rely on the internet and related technologies for their integrity and functionality. This integration of technology and the human
Over the past three years, Beijing, China has made significant strides in allowing robotaxis to operate closer to the city center. A recent development includes testing robotaxis with human staff inside to run a route between a major high-speed train station and a suburban area to the south of Beijing. This marks a major expansion
The Bilderberg Meeting in Madrid, Spain, is set to kick off with an impressive list of attendees, including CEOs from major artificial intelligence companies like Google DeepMind, Microsoft AI, Anthropic, and Mistral AI. These tech leaders will be joined by other prominent figures such as Citigroup CEO Jane Fraser, former Google CEO Eric Schmidt, Pfizer