Retail shareholders voted to reapprove Elon Musk's $56bn pay package by 90% to 10%. The institutional investors will vote later today. He's hitned he will leave the company if it doesn't pass.
Apple became the biggest company in the world again yesterday - at least for a little bit. Its AI announcements at its WWDC conference caused its shares to top $200 for the first time. It was later overtaken by NVIDIA, showing just how bullish the market is on AI right now.
Southwest Airlines CEO Bob Jordan said he is not quitting. This came after Elliott Management took a $2 billion/11% stake in the company and indicated they wanted a new leadership team. Expect this row to continue. Ding! Ding!
Johnson & Johnson will pay $700 million to settle claims it misled customers about the safety of its talc products.
Boeing received just one new order last month. The order was for four jets, none of which were its 737 Max model. Amazingly, its stock was only down 1.5%. I have no idea how this company is still going.
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