Business
$10B
Claire Yubin Oh
8/22/25

$10 billion — that’s the minimum amount Meta will be spending to use Google’s cloud service over the next six years.

As The Information first reported on Thursday, Meta signing a deal with Google Cloud is a big win for Alphabet as it aims to catch up with rivals Amazon Web Services and Microsoft Azure. In June, the tech giant also secured a deal with OpenAI, which had previously been dependent on Microsoft’s services.

According to sources familiar with the matter, the new agreement will mainly cover Meta’s artificial intelligence infrastructure. Though the company’s been pulling back on its headcount in AI, it’s still an area the company is investing heavily in, with total expenses expected to run between $114 billion and $118 billion in total this year, per its earnings report last month.

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Elon Musk at Donald Trump Rally At Madison Square Garden In NYC

The Tesla directors who just proposed giving Elon Musk a trillion dollars say it’s “critical” he stay out of politics

Even still, the company doesn’t appear to be putting up hard guardrails for Musk’s political ambitions.

Rani Molla, Nate Becker22h
J. Edward Moreno
9/5/25
Final Boss

STAY
IN
YOUR
LANE

Claire Yubin Oh
Is Pepsi okay?
9/5/25
The valuation gulf between Coke and Pepsi hasn’t been this wide in decades

Activist investor Elliot is hoping Pepsi can regain ground in the cola wars and beyond.

Coca cola and Pepsi products in Spanish soda aisle
$1T
Rani Molla
9/5/25

Tesla jumped more than 2% premarket on Friday after the company proposed an unprecedented roughly $1 trillion pay package for CEO Elon Musk, according to proxy filings.

To receive the massive payout, Musk will have to increase the company’s market cap to $8.5 trillion from the approximately $1 trillion it is today over the next 10 years.

The pay package also requires that Musk expand Tesla’s product offerings to include 1 million Robotaxis in commercial operation and the “delivery of 1 million AI Bots.” Currently the company has about 30 autonomous robotaxis in its invite-only Austin ride-hailing service, though this week the company expanded the waitlist for the service to everyone. Tesla's Optimus robots are still under development.

Musk would also have to take part in his own succession planning and develop a framework for who’s to follow him.

Investors have historically tied the fate of Tesla with Musk, so holding on to him for an extended period of time and having his blessing for the succession plan is typically seen as good news for the stock.

“We believe that Elon’s singular vision is vital to navigating this critical inflection point,” the filing reads. “Simply put, retaining and incentivizing Elon is fundamental to Tesla achieving these goals and becoming the most valuable company in history.”

A judge twice struck down Musk’s previous $56 billion compensation package. Last month the board approved a $30 billion interim pay package, saying that “retaining Elon is more important than ever.”

Shareholders will vote on the pay package at their annual meeting on November 6.

Old Navy store on 34th street in New York City, U.S.

Gap pops as the denim giant takes a big swing into beauty and accessories

The retailer is piloting beauty through shop-in-shops at Old Navy before rolling it out to Gap stores next year.

Nia Warfield9/4/25

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