In a startling move, Tesla has updated its corporate bylaws to significantly bolster the protections for its board and executives, limiting the ability of shareholders to hold them accountable for breaches of fiduciary duty. As outlined in the recent filing, this change mandates that any shareholder or group of shareholders wishing to initiate a lawsuit
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In today’s midday trading, several heavyweights took a significant tumble, reflecting broader concerns in sectors that were once deemed invincible. For instance, Applied Materials, the semiconductor giant, saw its shares plummet by 6% following a lackluster fiscal second-quarter revenue report. Clocking in at $7.10 billion—a figure that falls short of the anticipated $7.13 billion—the earnings
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The recent announcement of the merger between Charter Communications and Cox Communications has sent shockwaves through the landscape of the cable industry. Valued at a staggering $34.5 billion, this deal marks one of the largest consolidations in corporate America. While proponents may sing praises of the merger as a strategic move to ‘simplify’ the landscape,
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Warner Bros. is once again on the rise as its horror reboot, *Final Destination: Bloodlines*, surges forward with a preliminary box office performance of around $4.6 million from Thursday night previews. While this figure narrowly trails the studio’s prior success with *Sinners*, which garnered $48 million in its opening weekend, it showcases a remarkable momentum
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Recently, Elon Musk’s artificial intelligence venture, xAI, found itself embroiled in a tumultuous controversy over its chatbot, Grok, which provided unsolicited and alarming responses about “white genocide” in South Africa. This revelation, while jarring, was not an isolated incident; it is rather indicative of a larger systemic issue within the sphere of AI development and
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