Tesla Rallies Shareholder Support for Musk’s $56 Billion Pay Package in Court Battle

Tesla Inc. (TSLA.O) is gearing up to use the robust backing for Elon Musk’s colossal $56 billion pay deal to influence a Delaware court decision that previously nullified the agreement, announced the company’s board president on Friday. The protracted journey to ratify the unprecedented compensation plan culminated on Thursday, with nearly three-quarters of shareholders—excluding Musk …

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Google Faces Trial in U.S. Antitrust Case Over Digital Advertising Dominance

In a landmark decision, Alphabet Inc.’s Google is set to face trial over allegations of monopolizing the digital advertising market, following a ruling by U.S. District Judge Leonie Brinkema in Alexandria, Virginia. The ruling, delivered on Friday, denied Google’s motion to dismiss the case without a trial. Google had contended that antitrust laws do not …

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Amazon Faces Class Action Lawsuit Over Alleged Audiobook Monopoly

Amazon.com Inc. (AMZN.O) is under fire in a proposed class action lawsuit, accused of monopolizing the audiobook market and forcing authors to pay exorbitant distribution fees. The lawsuit, filed in a Seattle federal court by author Christine DeMaio (known by her pen name CD Reiss), claims that Amazon’s practices violate U.S. antitrust laws. DeMaio argues …

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Court Blocks Biden’s Bid to Reinstate LGBTQ Protections for Students

I Tampa, Florida, students from Hillsborough High School staged a protest against a Republican-supported bill known as “Don’t Say Gay,” which aims to prohibit discussions on sexual orientation and gender identity in classrooms. The bill, criticized by Democrats as anti-LGBTQ, has sparked significant controversy. On June 14, a federal appeals court struck a blow to …

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Supreme Court Overturns Federal Ban on ‘Bump Stocks’

In a pivotal decision, the U.S. Supreme Court on Friday invalidated the federal prohibition on “bump stock” devices, ruling 6-3 against the ban implemented during President Donald Trump’s administration. These devices enable semiautomatic firearms to mimic the rapid fire of machine guns. Justice Clarence Thomas, writing for the majority, upheld a lower court ruling in …

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Alex Jones’ Assets to be Liquidated as Company Emerges from Bankruptcy

In a significant development, a U.S. bankruptcy judge has ordered the liquidation of conspiracy theorist Alex Jones’ personal assets while allowing his company, Free Speech Systems, to avoid the same fate. On Friday, U.S. Bankruptcy Judge Christopher Lopez appointed a Chapter 7 trustee to oversee the sale of Jones’ assets, including his ownership stake in …

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Kuwaiti Authorities Detain Two in Deadly Al-Mangaf Blaze

Kuwait City – The Kuwaiti Public Prosecution has detained a local citizen and an expatriate in connection with the devastating fire that ravaged an apartment building in Al-Mangaf, claiming 49 lives. The individuals face charges of “erroneous killing” due to alleged negligence in adhering to fire safety protocols, as reported by the Kuwait News Agency …

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Visa and Mastercard’s $30 Billion Fee Settlement in Jeopardy

In Washington, a coffee shop displays signs for Visa, MasterCard, and Discover. A proposed $30 billion settlement between Visa, Mastercard, and merchants is now on shaky ground. U.S. District Judge Margo Brodie in Brooklyn indicated at a recent hearing that she is “likely not to approve the settlement,” according to court records. Judge Brodie plans …

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Nigeria Drops Tax Evasion Charges Against Binance Executives

In a significant turn of events, Nigerian authorities have dismissed tax evasion charges against two key Binance executives. The move follows the cryptocurrency giant’s decision to appoint a local representative to handle all legal proceedings on its behalf. Tigran Gambaryan, Binance’s head of financial crimes compliance, and Nadeem Anjarwalla, the regional manager for Africa, both …

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Tragedy in Jeddah: Corruption Unveiled After Building Collapse Claims Seven Lives

The serene morning skyline of Jeddah was marred by tragedy on May 30, 2024, when a residential building in the Al-Faisaliyah neighborhood crumbled, resulting in the deaths of seven individuals and injuries to eight others. This calamity, now under intense scrutiny, has revealed a web of corruption and negligence. Saudi Arabia’s Oversight and Anti-Corruption Authority, …

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