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Tesla shareholders approve $46 billion pay package for CEO Elon Musk

In the history of U.S. corporate pay packages, there have been plenty of massive payouts worth almost $1 billion in today’s dollars. But none comes close to the $46 billion pay deal Tesla shareholders on Thursday handed to CEO Elon Musk.  The results of the shareholder vote, which concluded today, were announced during Tesla’s annual meeting, prompting…

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Book called “Ban This Book” is now banned in Florida. Its author has this to say about the irony.

Pride Month library exhibit features challenged LGBTQ+ books Pride Month library exhibit features challenged LGBTQ+ books 04:34 Alan Gratz’s children’s book “Ban This Book” was published in 2017. Seven years later, his novel for kids ages 8 and older is at the center of a debate over book banning after a Florida school district last…

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Elon Musk says Tesla stockholders approving his $56 billion pay package by “wide margins”

6/12: CBS Evening News 19:48 Tesla CEO Elon Musk said late Wednesday that the electric vehicle company’s shareholders were voting to approve his multibillion-dollar pay package by “wide margins,” in a post on his social media platform X ahead of the vote’s conclusion. “Both Tesla shareholder resolutions are currently passing by wide margins!” Musk wrote,…

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Sony Pictures buys dine-in movie theater chain Alamo Drafthouse

Alamo Drafthouse, the dine-in movie theater chain that faded during the pandemic before declaring bankruptcy three years ago, has a fresh lease on life after finding a new corporate owner.  Sony Pictures said Wednesday it has purchased Alamo and will keep its 35 locations open. The theater, whose headquarters will remain in Austin, Texas, will be folded into a new…

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Johnson & Johnson reaches $700 million settlement in talc baby powder case

6/11: CBS Morning News 20:26 Johnson & Johnson has agreed to pay $700 million in a nationwide settlement resolving allegations that it misled customers about the safety of its talcum-based powder products in its marketing.  “Consumers rely on accurate information when making decisions about which products to purchase for their families,” Illinois Attorney General Kwame…

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Gas prices are falling along with demand, despite arrival of summer

Florida gas prices are now the lowest since February Florida gas prices are now the lowest since February 00:24 Gas prices are falling across the nation, a pleasant surprise for U.S. drivers as fuel prices typically surge this time of year. The average price for regular unleaded gas in the U.S. was $3.44 per gallon…

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FDA issues warning about paralytic shellfish poisoning. Here’s what to know.

Toxic algae blooms create unsafe water condition for humans and pets across SoCal Toxic algae blooms create unsafe water condition for humans and pets across SoCal 02:30 Before you dig into that platter of freshly shucked oysters or baked clams at your favorite seafood restaurant, better make sure you know from where the shellfish originated. …

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Apple just made a big AI announcement. Here’s what to know.

Apple’s annual Worldwide Developers Conference is typically a springboard for the company to announce new tech features for its software programs, and not as flashy as its yearly September event to trumpet its latest iPhone rollout. But this year, the WWDC could be a make-or-break moment for the tech giant. That’s because CEO Tim Cook…

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What is a college grad’s life without debt?

What is a college grad’s life without debt? – CBS News Watch CBS News Total student loan debt in the United States is now nearly $1.8 trillion, and experts say young people are delaying buying homes and starting families because of it. So, what could the lives of students look like when they graduate debt-free?…

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When students graduate debt-free – CBS News

Back in 2019, Freddie Williams Jr. had a lot on his mind at his college graduation: “That’s when, you know, it started really kicking in – hey, this is how much you owe, you’re gonna have to start paying this back,” he said. Growing up on the south side of Chicago, he had dreamed of…

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