Friday, June 14, 2024

6/14 WAKE-UP CALL: Musk Has $48B Reasons To Be Motivated


Tesla shareholders voted to reapprove Elon Musk’s multibillion-dollar pay package. Approval of the company’s proposal was announced at Tesla’s annual shareholder meeting in Austin, Texas. The EV maker’s board had argued that the compensation plan was needed to motivate Musk to continue to lead the world’s most valuable automaker long term. In January, a Delaware judge ordered the entire plan—now valued at roughly $48 billion—rescinded, saying the prior approval process in 2018 was deeply flawed because of Musk’s close ties to several board members. The court also said Tesla had failed to prove that shareholders had been sufficiently informed about the deal. Shareholder reapproval doesn’t override the judge’s decision, but it gives the company’s lawyers some leverage in challenging the judgment. Tesla is trying to persuade the Delaware court to reverse the ruling, and it also has vowed to appeal the decision.

➤CEASE-FIRE TALKS GOING NOWHERE: Months of diplomacy between Israel, Hamas and mediators from the U.S., Egypt and Qatar have failed to produce agreement even on the outline of a deal that would stop the fighting and free Israeli hostages in Gaza. That’s fueling unprecedented public discontent with the militant group that seized power in Gaza almost two decades ago. Support for Hamas as rulers has fallen to 46% from 52% over the past three months, according to a survey of more than 700 residents of the enclave by the Palestinian Center for Policy and Survey Research. Hamas didn’t respond to a request for comment.

➤SCOTUS PRESERVES MEDICATION ACCESS:  The Supreme Court on Thursday unanimously preserved access to a medication that was used in nearly two-thirds of all abortions in the U.S. last year, in the court’s first abortion decision since conservative justices overturned Roe v. Wade two years ago. The justices ruled that abortion opponents lacked the legal right to sue over the federal Food and Drug Administration’s approval of the medication, mifepristone, and the FDA's subsequent actions to ease access to it. The case had threatened to restrict access to mifepristone across the country, including in states where abortion remains legal.

➤WSJ REPORTER ORDERED TO STAND TRIAL: American journalist Evan Gershkovich of the Wall Street Journal will soon stand trial in the Russian city of Yekaterinburg on charges of spying for the CIA, Russian authorities said Thursday, even as they continued to disclose no evidence to support the accusations. Gershkovich, 32, was arrested in March 2023 while on a reporting assignment for the Journal in Yekaterinburg and accused of espionage by the Federal Security Service, or FSB. If convicted, he faces up to 20 years in prison. Gershkovich, the Journal and U.S. officials repeatedly have rejected the charges as baseless. Russian prosecutors, announcing that they had finalized an indictment, said in a statement that they had “established and documented” that Gershkovich “collected secret information” about the Uralvagonzavod military factory in the Sverdlovsk region while “on assignment from the CIA.”

➤REBELS TIE DOWN U-S NAVY: It was just after 9 p.m. when radar operators aboard this U.S. Navy destroyer in the Red Sea spotted a tiny arrow on their screens: a missile hurtling toward them at five times the speed of sound. The Jan. 9 attack was one of the largest maritime battles the U.S. has faced since World War II. Houthi rebels in Yemen that day launched 18 drones and cruise missiles along with the ballistic missile at the Laboon and three other American destroyers, a U.S. aircraft carrier and a British warship in an attack that unfolded over a dozen hours. Yemen’s Houthis have launched hundreds of attacks, and American military officials see no end in sight.

💸PRICES DROP: Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — declined 0.2% from April to May after rising 0.5% the month before, pulled down by a 7.1% plunge in gasoline prices. Overall, it was the biggest drop in producer prices since October.


➤LIA THOMAS FAILS:  Former University of Pennsylvania swimmer Lia Thomas’ challenge to a rule that prevents the biological male from competing against women in “elite events” was shot down Wednesday. The Court of Arbitration for Sport denied the legal effort of Thomas, a biological male, to overturn rules issued in March 2023 by World Aquatics, the international governing body for competitive swimming and several other Olympic events, according to The Guardian. Thomas had sought to compete against women in the 2024 Summer Olympic games in Paris. 


⚾ROYALS 3 YANKEES 2: Maikel Garcia's ninth-inning double boosted the host Kansas City Royals past the New York Yankees 4-3 on Thursday afternoon to avoid a four-game sweep. Trailing 3-2, the Royals rallied with three hits against closer Clay Holmes (1-2). With one out, Drew Waters reached on an infield hit. MJ Melendez followed with a groundout that forced Waters at second. Kyle Isbel then singled with two outs. Garcia drove Holmes' 2-0 pitch into the left field corner, scoring both runners for the Royals' fourth walk-off win.

⚾METS 3 MARLINS 2: J.D. Martinez hit a walk-off, two-run homer for host New York, which was no-hit into the sixth inning before coming back to edge Miami in the decisive game of a three-game series. The Mets had just two hits against starter Roddery Munoz and a pair of relievers before rallying in the ninth inning against Tanner Scott (5-5). Francisco Lindor drew a leadoff walk and stole second after Brandon Nimmo struck out. Martinez homered beyond the right-center field fence on a 3-1 slider, his sixth homer of the season.

⚾RED SOX 9 PHILLIES 3: A pair of four-run innings helped Boston beat visiting Philadelphia, marking its second straight victory to claim the three-game series. All nine Red Sox players recorded at least one hit as Boston finished with 14. Jarren Duran, Tyler O'Neill, Rafael Devers, Enmanuel Valdez and Ceddanne Rafaela each had two hits.Kyle Schwarber (3-for-4, three RBIs) and Whit Merrifield (2-for-3, run) led the Phillies' offense.


Crochet has 116 Strikeouts
⚾MLB SCORES:

  • Red Sox 9 Phillies 3
  • Rays 3 Cubs 2
  • Royals 4 Yankees 3
  • Rangers 3 Dodgers 1
  • White Sox 3 Mariners 2
  • D-Backs 11 Angels 1
  • Twins 6 Athletics 2
  • Mets 3 Marlins 2
  • Cardinals 4 Pirates 3
  • Tigers 7 Nationals 2
  • Braves Orioles 3

🏒NHL SCORES:

  • Panthers 4 Oilers 3

🠊The Florida Panthers are one win away from their first Stanley Cup championship after a 4-3 win in Game 3 against the Edmonton Oilers. The Panthers, up 3-0 in the best-of-seven Stanley Cup Final, can wrap up the series in Game 4 Saturday night in Edmonton.

🏌TWO TIED AT U-S OPEN: The 2024 U.S. Open began Thursday at Pinehurst Resort's No. 2 course in North Carolina. Rory McIlroy and Patrick Cantlay are the co-leaders after the opening round, each shooting a 5-under 65. McIlroy, a four-time major champ, played bogey-free golf and carded five birdies while Cantlay had six birdies and one bogey. Trailing the pair is Ludvig Aberg (4 under) and then Matthieu Pavon and Bryson DeChambeau at 3 under.

☔ SO FLA STREETS SWAMPED:  Dangerous, heavy rainfall has swamped the streets of Florida in some of the worst weather to hammer the state in years.  The storm turned several roads in south Florida into rivers and lakes, forcing locals to abandoned their cars and wade through the water. Interstate 95 reopened early on Thursday morning after the Florida Highway Patrol closed parts closed parts of the major artery after it much of it was left underwater. 

Governor Ron DeSantis has declared a state of emergency for five counties as residents prepare to weather more heavy rainfall today and tomorrow, which forecasters warn could trigger flash floods in central and south Florida.  Forecasters predict between 18 and 30 inches of rain will fall across southwestern Florida, which is typical of a hurricane.

➤FRIDAY'S WEATHER: 


 

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