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Musk’s $1B Tesla buy lifts stock amid pay package proposal

5 articles I'm watching carefully

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Tyler Dupont
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Good morning 👋

Here's the latest news I'm tracking today.

 📈 Stocks / Finance

Musk’s $1B Tesla buy lifts stock amid pay package proposal

Tesla shares rose over 5% after Elon Musk purchased 2.5M shares worth $1B. The move signals confidence ahead of a proposed pay package that could net Musk 12% of Tesla if extreme growth targets are met. Investors will vote on the plan at the Nov. 6 shareholder meeting.

Google hits $3T valuation as Gemini tops App Store

Alphabet stock surged 4.5% to $251.61 after Gemini became the No. 1 free app in the U.S. Apple Store. Analysts cited Gemini's Nano Banana model as a growth catalyst. Google joins Apple, Microsoft, and Nvidia in the $3T club, up 33% YTD despite pending antitrust risks.

CoreWeave jumps 7% on $6.3B Nvidia capacity deal

CoreWeave stock rose nearly 7% after announcing a $6.3B cloud-computing deal with Nvidia, which includes a buyback obligation on unused capacity through 2032. Deutsche Bank added CoreWeave to its Catalyst Buy List, citing strong AI infrastructure demand and potential revenue upside.

🪙 Crypto

SEC softens crypto stance with warning-first policy shift

SEC Chair Paul Atkins announced a shift from Gensler’s lawsuit-heavy approach, pledging warning notices before enforcement. The SEC dropped several crypto cases and backed tokenized asset trading, signaling a less aggressive posture toward digital asset firms.

🌎 Global Economy

Anthropic Index shows AI adoption deepens global economic divide

Anthropic’s latest Economic Index finds AI use strongly correlated with income, with high-income nations using Claude for diverse tasks and lower-income countries favoring automation. This trend may widen global disparities, echoing effects seen in past general-purpose technologies.

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