Tesla’s board has tied an unprecedented potential payout for CEO Elon Musk to a set of operational and market milestones that together imply an $8.5 trillion company — a leap from the firm’s current market value by an order of magnitude. The package, structured around a dozen performance gates over...

PNC Financial Services Group is acquiring competitor FirstBank Holding Co., which encompasses its FirstBank banking division, for $4.1 billion. In a joint press statement from the firms, PNC will finance the transaction through cash and stock, allowing FirstBank shareholders the choice of their...

Porsche AG shares will not be included in the computation of Germany's primary DAX index, which consists of the 40 largest German firms by market value. Porsche, predominantly owned by Volkswagen, entered the DAX in December 2022 soon after its IPO. Since the start of the year, the firm's market...

The French regulatory body CNIL has imposed a historic fine of €475 million on Google (a subsidiary of Alphabet Inc.) and the online fashion retailer Shein for breaching users' privacy rights. The agency announced that Google has been fined €325 million and Shein €150 million. As stated by CNIL,...

The British-Dutch oil and gas firm Shell has ultimately scrapped its intentions to construct a biofuels facility in Rotterdam. The firm stated it has chosen to “focus on assigning capital to initiatives that most effectively address our customers' needs and generate value for our shareholders.”...

European corporations are facing a sharper backlash from investors over executive pay this year, with a notable increase in votes against both past remuneration reports and — for the first time at scale — binding future pay policies. The shift reflects growing investor impatience with rapid...

British fintech company Revolut started a secondary share offering, which lets its employees sell their shares, according to Bloomberg. This information comes from an internal document from Revolut. The document says the company has already talked to possible buyers about this offer. Each share...

ExxonMobil states in its Global Outlook that continued investment in discovering and developing new oil and gas reserves is increasingly crucial. “Our prediction indicates that without additional investment, oil output will decrease by approximately 15% annually. This reflects a change in the...

Elon Musk’s bullish push to scale a camera-first robotaxi fleet rapidly sits in stark contrast to Waymo’s methodical, sensor-heavy, map-by-map expansion. The divergence is not merely academic: it recasts what the industry will prize in its early winners — whether low upfront hardware cost and rapid...