In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNT Elon Musk listens as US President-elect Donald Trump speaks during a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. Allison Robbert | Getty Images Tesla CEO Elon Musk lost his bid to get his 2018 CEO pay package reinstated on Monday when a Delaware judge upheld her prior ruling that the compensation plan was improperly granted. The package, worth about $56 billion, was the largest compensation plan in U.S. history for a public company executive. Musk attorneys attempted to sway the judge in the Delaware business court after the trial to reverse her opinion rescinding the CEO's pay plan. Tesla had conducted a shareholder vote to "ratify" Musk's 2018 pay plan at the EV maker's annual shareholder meeting in Austin, Texas, in June. Chancellor Kathaleen McCormick wrote in her opinion on Monday that, "Even if a stockholder vote could have a ratifying effect, it could not do so here." The judge approved a $345 million attorney fee award for the lawyers who successfully sued on behalf of Tesla shareholders in order to void the pay plan. "We are pleased with Chancellor McCormick's ruling, which declined Tesla's invitation to inject continued uncertainty into Court proceedings and thank the Chancellor and her staff for their extraordinary hard work in overseeing this complex case," attorneys from Bernstein, Litowitz, Berger & Grossmann, the firm representing the plaintiff, said in a statement. Musk can appeal the decision to the Delaware Supreme Court. Following McCormick's decision in January to void the plan, Musk lashed out at the court, posting on X, "Never incorporate your company in the state of Delaware." The company then held a shareholder vote to reincorporate in Texas, and officially shifted its incorporation there in June. In response to Musk's motion arguing that Tesla's ratification vote for his pay package should lead her to reverse her prior opinion, Judge McCormick wrote, "Were the court to condone the practice of allowing defeated parties to create new facts for the purpose of revising judgments, lawsuits would become interminable." Despite the setback, Musk has seen his net worth jump considerably in recent weeks. Excluding all of the options wrapped up in the pay package, Musk is more than $43 billion richer since Donald Trump's election victory last month. Tesla shares have soared 42% in the four weeks since the election on optimism that Musk's coziness with the incoming president will lead to policies favorable to his companies. The Tesla stock Musk still holds is worth close to $150 billion based on Monday's closing price. That alone, not including his SpaceX stake, would put him among the world's wealthiest people. This is breaking news. Please refresh for updates. WATCH: Elon Musk emerges as key voice in Trump's tech policy watch now VIDEO 2:42 02:42 Elon Musk emerges as key voice in Trump's tech policy TechCheckFred Harris, a former U.S. senator from Oklahoma who later moved to New Mexico, has died. Born in 1930, Harris was a Democrat who was elected in 1964 to finish the term of Sen. Robert Kerr, who died. He was elected to a full term in 1966 and served through 1972, when he didn't run for reelection. Other career highlights include chairing the Democratic National Committee in 1969 and 1970 and running for president unsuccessfully in 1976. He later moved to New Mexico, where he became a political science professor at the University of New Mexico. "A passionate champion of Native American rights, Sen. Harris sponsored legislation signed into law by President Richard Nixon that restored land to Taos Pueblo seized by President Theodore Roosevelt and designated as the Carson National Forest early in the 20th century," Gov. Michelle Lujan Grisham said in a statement Saturday. "Later, though his work in academia, Sen. Harris shaped the lives of countless University of New Mexico students who learned firsthand from a political legend about the importance of democracy, good governance, and civil political discourse," she continued. "The Fred Harris Congressional Internship program provided UNM students with opportunities to work on Capitol Hill and learn about the inner workings of Congress and the federal government." This is a developing story and will be updated.
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Shopping on Temu can feel like playing an arcade game. Instead of using a joystick-controlled claw to grab a toy, visitors to the online marketplace maneuver their computer mouses or cellphone screens to browse colorful gadgets, accessories and trinkets with prices that look too good to refuse. A pop-up spinning wheel offers the chance to win a coupon. Rotating captions warn that a less than $2 camouflage print balaclava and a $1.23 skeleton hand back scratcher are “Almost sold out.” A flame symbol indicates a $9.69 plush cat print hoodie is selling fast. A timed-down selection of discounted items adds to the sense of urgency. Pages from the Shein website, left, and from the Temu site, right. Welcome to the new online world of impulse buying, a place of guilty pleasures where the selection is vast, every day is Cyber Monday, and an instant dopamine hit is always just a click away. People are also reading... OSU football: A prediction gone badly wrong The real reason Corvallis' Pastega Lights moved to Linn County Corvallis chemical manufacturer eyes Albany for expansion UPDATED: GAPS teacher strike NOT off after talks over returning to the classroom break down Corvallis decides layout for new civic campus — with a side of strife Agreement reached (again), GAPS teachers get new contract Albany man pleads to numerous sex crimes Philomath moves forward following July Nazi flag controversy Court dismisses jail-related Benton County whistleblower complaint 2025 to bring rate increases, new fee for hauling Corvallis waste Graduate employees reach deal with OSU to end strike OSU football: Beavers add 18 players as signing period opens Graduate strike at OSU continues. What's the holdup? Corvallis woman cuts hair for homeless: 'The Lord gave me a calling' Corvallis Samaritan hospital has new CEO By all accounts, we’re living in an accelerating age for consumerism, one that Temu, which is owned by the Chinese e-commerce company PDD Holdings, and Shein, its fierce rival , supercharged with social media savvy and an interminable assortment of cheap goods, most shipped directly from merchants in China based on real-time demand. The business models of the two platforms, coupled with avalanches of digital or influencer advertising, have enabled them to give Western retailers a run for their money this holiday shopping season. A Christmas tree ornament purchased on Temu. Software company Salesforce said it expects roughly one in five online purchases in the U.S., the United Kingdom, Australia and Canada to be made through four online marketplaces based or founded in Asia: Shein, Temu, TikTok Shop — the e-commerce arm of video-sharing platform TikTok — and AliExpress. Analysts with Salesforce said they are expected to pull in roughly $160 billion in global sales outside of China. Most of the sales will go to Temu and Shein, a privately held company which is thought to lead the worldwide fast fashion market in revenue. Lisa Xiaoli Neville, a nonprofit manager who lives in Los Angeles, is sold on Shein. The bedroom of her home is stocked with jeans, shoes, press-on nails and other items from the ultra-fast fashion retailer, all of which she amassed after getting on the platform to buy a $2 pair of earrings she saw in a Facebook ad. Neville, 46, estimates she spends at least $75 a month on products from Shein. A $2 eggshell opener, a portable apple peeler and an apple corer, both costing less than $5, are among the quirky, single-use kitchen tools taking up drawer space. She acknowledges she doesn’t need them because she “doesn’t even cook like that.” Plus, she’s allergic to apples. “I won’t eat apples. It will kill me,” Neville said, laughing. “But I still want the coring thing.” Is it safe to shop on Temu? Here are 5 scams to avoid on the popular online shopping platform Osheen Jain Shein, now based in Singapore, uses some of the same web design features as Temu’s, such as pop-up coupons and ads, to persuade shoppers to keep clicking, but it appears a bit more restrained in its approach. Shein primarily targets young women through partnerships with social media influencers. Searching the company's name on video platforms turns up creators promoting Shein's Black Friday sales event and displaying the dozens of of trendy clothes and accessories they got for comparatively little money. But the Shein-focused content also includes videos of TikTokers saying they're embarrassed to admit they shopped there and critics lashing out at fans for not taking into account the environmental harms or potential labor abuses associated with products that are churned out and shipped worldwide at a speedy pace. Neville has already picked out holiday gifts for family and friends from the site. Most of the products in her online cart cost under $10, including graphic T-shirts she intends to buy for her son and jeans and loafers for her daughter. All told, she plans to spend about $200 on gifts, significantly less than $500 she used to shell out at other stores in prior years. “The visuals just make you want to spend more money,” she said, referring to the clothes on Shein's site. “They're very cheap and everything is just so cute.” Can AI chatbots make your holiday shopping easier? HALELUYA HADERO Associated Press Unlike Shein, Temu's appeal cuts across age groups and gender. The platform is the world’s second most-visited online shopping site, software company Similarweb reported in September. Customers go there looking for practical items like doormats and silly products like a whiskey flask shaped like a vintage cellphone from the 1990s. Temu advertised Black Friday bargains for some items at upwards of 70% off the recommended retail price. Making a purchase can quickly result in receiving dozens of emails offering free giveaways. The caveat: customers have to buy more products. Despite their rise, Temu and Shein have proven particularly ripe for pushback. Last year, a coalition of unnamed brands and organizations launched a campaign to oppose Shein in Washington. U.S. lawmakers also have raised the possibility that Temu is allowing goods made with forced labor to enter the country. More recently, the Biden administration put forward rules that would crack down on a trade rule known as the de minimis exception, which has allowed a lot of cheap products to come into the U.S. duty-free. President-elect Donald Trump is expected to slap high tariffs on goods from China, a move that would likely raise prices across the retail world. Both Shein and Temu have set up warehouses in the U.S. to speed up delivery times and help them better compete with Amazon, which is trying to erode their price advantage through a new storefront that also ships products directly from China. The right book can inspire the young readers in your life, from picture books to YA novels DONNA EDWARDSAssociated Press Small, luxury foods are great as stocking stuffers or other gifts. Ideas for under $50 By KATIE WORKMAN Associated Press Game-changing holiday gifts for building fires, printing photos, watching birds and more By JESSICA DAMIANO Associated Press 2024 Christmas TV Guide: When to watch Rudolph, Charlie Brown and other holiday favorites Brooke CainThe Bradenton Herald(TNS) Get the latest local business news delivered FREE to your inbox weekly.A young Edmonton woman is accomplishing dreams that are out of this world. At 21 years old, she has already worked for NASA for half a decade — and that’s just scratching the surface. For Madison Feehan the sky isn’t the limit — it’s the destination. Her passion for things beyond Earth’s orbit sparked when she was a kid. “Going into space exploration and space science was not something I would have predicted for my career,” she said. “Ever since about the 9th grade, I’ve shown a very strong interest in it and have been trying to commercialize ideas with NASA ever since.” Since then, she has gone nowhere but up. For the past five years Feehan has worked for NASA, most recently as part of the NSPIRES, NASA Solicitation and Proposal Integrated Review and Evaluation System. She is an executive panellist and peer reviewer. “It was a bit of a culture shock for sure,” Feehan said. “Not something that I was trained for or something that I expected. “When one of these technology ideas comes in, it is my job to review the technology, see if it has the merit to go to space and the relevance to any upcoming NASA missions.” But something Feehan might be even more passionate about is her company Space Copy , of which she is the CEO and founder. The company builds 3D printers that can create scalable infrastructure in extreme environments, like on Earth and in space. Feehan said the transportation and creation of resources needed for astronauts in space puts a massive strain on the budgets of companies like NASA. 3D printing locally, using on-site materials, could reduce up to 70 per cent of those costs. “We’ve come up with a formula for converting lunar soil into usable infrastructure,” Feehan said. “That ranges from anything to bricks for habitats, to launch pads and roadways to precision tools and repair parts to make living in space much easier.” Feehan showed Global News a little brick (above) as an example of the work the company is doing. It was created from a lunar soil stimulant sourced just outside the Kennedy Space Center. “It is 99.7 per cent accurate to what was recovered during the Apollo 16 mission,” Feehan said. In the past two years alone, Feehan has attended more than 60 conferences around the world showcasing the company. Earlier this year, Space Copy was selected as the winner of the (Buzz) Aldrin Family Foundation Global Innovation Award. By 2031, the company plans to send a 3D printer to the surface of the moon coinciding with the upcoming Artemis mission. For all these accomplishments at just 21 years of age, the Edmontonian sometimes has to remind herself to stay down to Earth. “Sometimes we just cannot believe — my team and I — that we’ve gone this far, this fast,” she said. “It’s an absolute privilege to be able to work in an ecosystem that many say is extremely challenging, or nearly impossible, especially for young women.”
A butterfly collector in Africa with more than 4.2 million seeks to share them for the future NAIROBI, Kenya (AP) — What began as a childhood hobby more than six decades ago has led to what might be Africa’s largest butterfly collection in a suburb of Kenya’s capital. Steve Collins has a collection of 4.2 million butterflies representing hundreds of species. Now, running out of space and time, he hopes to hand it over to the next generation. One expert familiar with Collins and his work suggests that the collection should be digitized for global access. Chess grandmaster Magnus Carlsen returns to a tournament after a dispute over jeans is resolved NEW YORK (AP) — Top ranked chess player Magnus Carlsen is headed back to the World Blitz Championship on Monday. That's after its governing body agreed to loosen a dress code that got him fined and denied a late-round game in another tournament for refusing to change out of jeans. The International Chess Federation president said in a statement Sunday that he’d let World Blitz Championship tournament officials consider allowing “appropriate jeans” with a jacket, as well as other "minor deviations” from the dress code. Carlsen quit the World Rapid and Blitz Chess Championships on Friday. He said Sunday he would play — and wear jeans — in the World Blitz Championship. 'Sonic 3' and 'Mufasa' battle for No. 1 at the holiday box office Two family films are dominating the holiday box office, with “Sonic the Hedgehog 3” winning the three-day weekend over “Mufasa” by a blue hair. According to studio estimates Sunday, the Sonic movie earned $38 million, while “Mufasa” brought in $37.1 million from theaters in the U.S. and Canada. The R-rated horror “Nosferatu” placed third with an unexpectedly strong $21.2 million. Thanksgiving release holdovers “Wicked” and “Moana 2” rounded out the top five. Christmas Day had several big film openings, including the Bob Dylan biopic “A Complete Unknown,” the Nicole Kidman erotic drama “Babygirl” and the boxing drama “The Fire Inside.” Charles Shyer, ‘Father of the Bride’ and ‘Baby Boom’ filmmaker, dies at 83 An Oscar-nominated writer and filmmaker known for classic comedies like “Private Benjamin,” “Baby Boom” and “Father of the Bride," Charles Shyer has died. He was 83. On Sunday his daughter Hallie Meyers-Shyer told The Associated Press that he died Friday in Los Angeles. No cause was disclosed. Born in Los Angeles in 1941 to a filmmaker father, Shyer's big breakthrough came with co-writing “Private Benjamin” for which he and Nancy Meyers received an Oscar nomination. He and Nancy Meyers were frequent collaborators through their nearly 20-year marriage, including on the remake of “The Parent Trap," starring Lindsay Lohan. LeBron James at 40: A milestone birthday arrives Monday for the NBA's all-time scoring leader When LeBron James broke another NBA record earlier this month, the one for most regular-season minutes played in a career, his Los Angeles Lakers teammates handled the moment in typical locker room fashion. They made fun of him. Dubbed The Kid from Akron, with a limitless future, James is now the 40-year-old from Los Angeles with wisps of gray in his beard, his milestone birthday coming Monday, one that will make him the first player in NBA history to play in his teens, 20s, 30s and 40s. He has stood and excelled in the spotlight his entire career. Belgium will ban sales of disposable e-cigarettes in a first for the EU BRUSSELS (AP) — Belgium will ban the sale of disposable electronic cigarettes as of Jan. 1 on health and environmental grounds in a groundbreaking move for European Union nations. Health minister Frank Vandenbroucke tells The Associated Press that the inexpensive e-cigarettes have turned into a health threat since they are an easy way for teenagers to be drawn into smoking and get hooked on nicotine. Australia outlawed the sale of “vapes” outside pharmacies earlier this year in some of the world’s toughest restrictions on electronic cigarettes. Now Belgium is leading the EU drive. Belgium's minister wants tougher tobacco measures in the 27-nation bloc. Charles Dolan, HBO and Cablevision founder, dies at 98 Charles F. Dolan, who founded some of the most prominent U.S. media companies including Home Box Office Inc. and Cablevision Systems Corp., has died at age 98. Newsday reports that a statement issued Saturday by his family says Dolan died of natural causes. Dolan’s legacy in cable broadcasting includes founding HBO in 1972, Cablevision in 1973 and the American Movie Classics television station in 1984. He also launched News 12 in New York City, the first U.S. 24-hour cable channel for local news. Dolan also held controlling stakes in companies that owned Madison Square Garden, Radio City Music Hall and the New York Knicks and New York Rangers sports franchises. Snoop's game: Snoop Dogg thrills the crowd in the bowl that bears his name TUCSON, Ariz. (AP) — Miami of Ohio beat Colorado State in the Arizona Bowl, but Snoop Dogg was the main attraction. The Snoop Dogg Arizona Bowl presented by Gin & Juice by Dre and Snoop was much a spectacle as a football game. Snoop Dogg seemed to be everywhere all at once, from a pregame tailgate to the postgame trophy presentation. Snoop Dog donned a headset on Colorado State's sideline, spent some time in the broadcast and even led both marching bands as conductor during their halftime performance. Snoop Dogg saved the best for last, rolling out in a light green, lowrider Chevy Impala with gold rims and accents, the shiny Arizona Bowl trophy in his hand as fans screamed his name. Mavs star Luka Doncic is latest pro athlete whose home was burglarized, business manager says DALLAS (AP) — Luka Doncic of the Dallas Mavericks is the latest professional athlete whose home has been burglarized. The star guard’s business manager tells multiple media outlets there was a break-in at Doncic’s home Friday night. Lara Beth Seager says nobody was home, and Doncic filed a police report. The Dallas Morning News reports that jewelry valued at about $30,000 was stolen. Doncic is the sixth known pro athlete in the U.S. whose home was burglarized since October. Star NFL quarterbacks Patrick Mahomes of Kansas City and Joe Burrow of Cincinnati are among them. The NFL and NBA have issued security alerts to players over the break-ins. Victor Wembanyama plays 1-on-1 chess with fans in New York Victor Wembanyama went to a park in New York City and played 1-on-1 with fans on Saturday. He even lost a couple of games. Not in basketball, though. Wemby was playing chess. Before the San Antonio Spurs left New York for a flight to Minnesota, Wembanyama put out the call on social media: “Who wants to meet me at the SW corner of Washington Square park to play chess? Im there,” Wembanyama wrote. It was 9:36 a.m. And people began showing up almost immediately.
Fianna Fáil and Fine Gael in pole position to form new Irish government