A Delaware judge ruled Monday that a Tesla shareholder vote endorsing a $56 billion pay package for Elon Musk does not change her original ruling invalidating the compensation plan.
Why it matters: Chancellor Kathaleen McCormick dismissed the compensation deal in January, saying Musk had failed to prove it was fair and properly disclosed to shareholders when it was first announced in 2018.
General Motors is selling its stake in a new battery plant that was built with government incentives.
Why it matters: GM partners with South Korean battery giant LG Energy Solution through a joint venture called Ultium Cells, which currently produces batteries at factories in Warren, Ohio and Spring Hill, Tennessee.
President-elect Trump had a blunt warning Saturday to countries looking to shift away from the U.S. dollar as the dominant global currency — but his threats are in tension with his broader economic agenda.
Why it matters: The dollar's international role is one of several areas in which different aspects of Trump's agenda involve internal contradictions.
Elon Musk on Friday filed for a preliminary injunction to stop OpenAI from transitioning into a for-profit entity, arguing that OpenAI might otherwise "lack sufficient funds" were the court to eventually rule in Musk's favor.
Why it matters: OpenAI told investors in its recent $6.6 billion funding round that they could get their money back, upon request, if the structural switch isn't completed within two years.
Stellantis chief executive Carlos Tavares resigned "with immediate effect" on Sunday, the maker of Jeep and Ram vehicles announced.
The big picture: The Italian-U.S. auto maker had faced a sales slump and Stellantis' senior independent director Henri de Castries said in a statement that "in recent weeks different views have emerged which have resulted in the Board and the CEO coming to today's decision."
Canadian officials are stepping up border security "in a visible and muscular way" following Prime Minister Justin Trudeau's meeting with President-elect Trump, a top Liberal government minister who attended the talks said Sunday.
Why it matters: Trump has threatened to impose tariffs on Canada and other countries over his concerns about the number of migrants and drugs coming into the U.S.
His announcement of a25% tariff on all imports from Canada and Mexico sent a shiver through markets last week.
Republicans painted the threat as Trump exercising leverage in negotiations with foreign officials. But Democrats and some experts warn of tariff-induced price hikes, retaliatory measures and inflation should the proposal become reality.
