Tesla’s board has warned that CEO Elon Musk could step down if his proposed $1 trillion pay package fails to win shareholder approval at the upcoming annual meeting. The warning, according to Reuters, was issued in a letter from chair Robyn Denholm. It marks a turning point for the world’s…

French entertainment giant Banijay has agreed to buy a majority stake in betting firm Tipico from private equity group CVC, in a deal that will combine Tipico with Banijay’s existing online gaming business Betclic.The move will create one of Europe’s largest gaming operators and marks Banijay’s most ambitious push beyond…

Cathie Wood, the founder and CEO of ARK Invest, told investors to prepare for a market correction even as she stood by a surprising area she says still has major upside. Wood’s comments, reported on Tuesday by CNBC and echoed in ARK’s own commentary, strike a cautionary tone about near-term…

European markets opened on a mixed note on Tuesday, as investors adopted a wait-and-see approach ahead of the Federal Reserve’s anticipated interest rate decision.The continent’s major indices displayed modest movements, with Germany’s DAX dropped 0.4% to 24,206.27 points, while the UK’s FTSE 100 opened nearly flat at 9,653 and France’s…

Entry, the compliance-native infrastructure bridging institutions and decentralized finance (DeFi), has announced an integration with the Midnight Foundation to combine privacy-preserving technology with regulatory compliance for institutional blockchain applications. The collaboration brings together Entry’s Asset Screening technology and Midnight’s zero-knowledge selective-disclosure architecture, creating a framework that allows financial institutions to meet…

Elon Musk has officially unveiled Grokipedia, his artificial intelligence-powered platform that aims to rival Wikipedia with a focus on “truth-based” content. The platform, launched on Monday, integrates with Musk’s Grok AI and claims to provide an open-source alternative to the community-edited encyclopedia. According to Musk, Grokipedia’s mission is to deliver…

Shares in Swiss drugmaker Novartis were seen down 3.3% in pre-market trade on Tuesday after the company reported third-quarter profitability below market expectations, even as higher sales from key medicines helped offset losses from expiring patents.On the Swiss Exchange, the share price of the drugmaker was down by 3.76%.The Basel-based…

Nio stock price has done well this year as investors cheered its strong sales and product launches. Its stock was trading at $7 on Monday in New York, up by over 132% from its lowest point this year. So, is it a good stock to buy?Nio deliveries are soaringNio, a…

TerraPower, the nuclear innovation company founded by Bill Gates, reports Reuters, has submitted its Natrium reactor design for regulatory approval in Britain, marking its first step into international markets.The move signals the UK’s emergence as a testing ground for advanced clean energy technologies as it works to decarbonise its grid…