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Top 15 Highest Paid Employees

Earning a big wage is one of the most sought-after milestones for many professionals in today’s society. Companies are prepared to spend top money to recruit and keep the finest personnel in their respective sectors as competition for top talent grows.

It’s no wonder, therefore, that the highest-paid workers are often those with remarkable abilities, experience, and expertise.

This article will look at the world’s top 15 highest-paid workers. These people have had tremendous success in their jobs, earning wages that are beyond the typical person’s greatest aspirations.

Whether you’re interested in the inner workings of the corporate world or the world of professional sports and entertainment, this list will give you a look into the lives of the world’s highest-paid workers.

15. LeBron James

LeBron James Asks $20.5 Million for Brentwood Mansion | Architectural Digest

NBA player LeBron James plays for the Los Angeles Lakers (NBA). He won four NBA titles, four NBA MVP Awards, and two Olympic gold medals.

LeBron James has developed a profitable financial empire via investments and commercial activities. He invests in Blaze Pizza, SpringHill Entertainment, and Liverpool Football Club.

LeBron James was the 15th highest-paid employee in 2021, earning $96.5 million from $31.5 million in pay and $65 million in endorsements, according to Forbes. Nike, Coca-Cola, and Beats by Dre promote him.

14. Neymar Jr

Brazilian soccer player Neymar Jr., usually known as Neymar, now competes for Paris Saint-Germain and the Brazil national team.

The FIFA World Cup, the Copa America, and the UEFA Champions League are just a few of the accolades he has received over his career, which has led many to believe him to be one of the finest soccer players in the world.

Neymar is a thriving businessman off the field and has a long list of endorsement deals with well-known brands like Nike, Red Bull, and Gillette. He also debuted his own, accessory, and footwear company, NJR, which offers a variety of items.

https://youtu.be/dFXl-sj-lGc

Neymar Jr ➡ Best Brazilian Player in 2022 (https://youtu.be/dFXl-sj-lGc)

13. Lionel Messi

Report: Lionel Messi to Inter Miami part of proposed 10-year Barcelona contract | MLSSoccer.com

Lionel Messi plays for Paris Saint-Germain and Argentina. He has won the FIFA World Cup, Copa America, and UEFA Champions League.

Messi has several corporate sponsorships, including Adidas, Pepsi, and Huawei. The Messi Store sells apparel and accessories.

Messi earned $110 million in 2021, $75 million in salary, and, $35 million in sponsorships, according to Forbes. His wages and sponsorships make him one of the world’s richest soccer players.

12. Cristiano Ronaldo

Uang yang Didapat Manchester United Jika Jual Cristiano Ronaldo

Ronaldo plays for Manchester United and Portugal. He won the FIFA World Cup, UEFA European Championship, and UEFA Champions League.

Ronaldo has several corporate sponsorships like Nike, Herbalife, and Clear. CR7, his fashion company, sells clothes and accessories.

Ronaldo was the 5th highest-paid employee in 2021, earning $120 million from pay and sponsorships, according to Forbes. He is one of the world’s richest soccer players due to his pay and sponsorships.

11. Roger Federer

Tennis: Roger Federer vor Abschiedsmatch: "Es wird sicherlich hart" | sportschau.de

Switzerland’s Roger Federer is a legendary tennis player. He is the only male player to have won 20 Grand Slam singles championships.

Federer has several commercial sponsorships, including Rolex, Mercedes-Benz, and Credit Suisse. Roger Federer, his tennis and lifestyle brand, sells gear, clothes, and accessories.

Federer was the 11th highest-paid employee in 2021, earning $106.3 million, including $6.3 million in salary and $100 million in sponsorships, according to Forbes. He is one of the world’s richest athletes due to his sponsorship agreements.

10. Dara Khosrowshahi

Uber CEO Dara Khosrowshahi resigns from New York Times board to focus on new responsibilities – GeekWire

Uber CEO Dara Khosrowshahi is an Iranian-American businessman. After 12 years as CEO of Expedia Group, a renowned online travel firm, he joined Uber in 2017.

Khosrowshahi has led Uber through many reforms and measures to improve operations, including a renewed emphasis on safety and the addition of bike-sharing, electric scooters, and food delivery.

In 2021, Khosrowshahi was the 10th highest-paid employee in the world, receiving $30.2 million from $1.5 million in salary, $28.5 million in stock awards, and $167,000 in other pay, according to Forbes.

9. David Zaslav

Warner Bros. Discovery is "absolutely, not for sale", says David Zaslav - TBI Vision

David Zaslav is the CEO of Discovery, Inc., which owns Discovery Channel, TLC, Animal Planet, and Food Network. Since 2007, Zaslav has led Discovery’s growth into new markets and programming.

Discovery has bought Scripps Networks Interactive and Golf Digest under Zaslav’s direction. Zaslav also launched Discovery+, a streaming service with programming from Discovery’s cable networks.

Zaslav was the 8th highest-paid employee in the world in 2021, earning $37.7 million, including $3 million in salary, $33.and 5 million in stock awards.

8. Michael Fries

Liberty Global’s CEO, Michael Fries, is American. Fries has led Liberty Global since 1990, serving as CEO since 2005.

Liberty Global is one of the leading cable TV and broadband internet providers in Europe, Latin America, and the Caribbean under Fries’ leadership.

Horizon Go, which allows on-demand access to popular TV series and movies, was launched under Fries’ leadership.

https://youtu.be/-k14qDP06Wo

Mike Fries, CEO and Vice Chairman of Liberty Global (https://youtu.be/-k14qDP06Wo)

7. Robert Kotick

Bobby Kotick reportedly considering resignation if workplace issues aren't fixed "with speed" | GamesIndustry.biz

Activision Blizzard, which owns Call of Duty, World of Warcraft, and Candy Crush, is run by American businessman Robert Kotick. Since 2008, Kotick has been ActiActivision.

Activision Blizzard, with a $60 billion market worth, has grown under Kotick’s leadership. Kotick has managed the company’s expansion into esports and mobile gaming and developed numerous blockbuster video games, including Call of Duty and Skylanders.

In 2021, Forbes listed Kotick as the 2nd highest-paid employee in the world, earning $142 million with $1.8 million in salary, $139 million in stock awards, and $174,999 in other pay.

6. Phil Knight

Nike co-founder Phil Knight was told he wouldn't make it

Phil Knight, an American businessman, co-founded Nike, Inc. Knight was Nike’s CEO from 1964 until 2004.

Nike’s market worth is above $200 billion under Knight’s leadership. Knight directed Nike’s expansion into new industries including fitness technology and wearable devices and oversaw the creation and distribution of numerous classic Nike products, including the Air Jordan basketball shoe series.

Knight earned $3 million in salary, $25.1 million in stock awards, and $1 million in other income in 2021, according to Forbes.

5. Joseph Ianniello

Leslie Moonves's Interim Successor at CBS Will Stay a While Longer - The New York Times

Joseph Ianniello was CBS Corporation’s CEO from 2018 to 2019. Ianniello joined CBS in 1997 and served as COO before becoming CEO.

Ianniello managed CBS’s digital expansion, including the introduction of CBS All Access. He negotiated the 2019 CBS-Viacom merger, creating ViacomCBS, an international media company.

In 2021, Forbes listed Ianniello as the 9th highest-paid employee in the world, receiving $116.6 million from $125,000 in salary, $115 million in stock awards, and $1.5 million in other remuneration.

4. Thomas Rutledge

Charter's Rutledge Extends Employment Deal Through 2024 | Next TV

One of the biggest cable television and broadband internet providers in the US, Charter Communications, is headed by American businessman Thomas Rutledge.

Since joining Charter in 2012, Rutledge has been in charge of managing the company’s initiatives to increase its product offerings and strengthen its network infrastructure.

With a market value of more than $130 billion, Charter has grown to be one of the biggest cable providers in the nation under Rutledge’s direction.

3. Sundar Pichai

Who is Sundar Pichai and what does Alphabet do? - BBC News

Alphabet Inc.’s CEO, Indian-American Sundar Pichai, runs Google. Pichai joined Google in 2004 and held different managerial positions until becoming CEO in 2015. He succeeded co-founder Larry Page as Alphabet Inc. CEO in 2019.

Google’s search engine, Android mobile operating system, and Google Cloud have continued to innovate under Pichai’s leadership.

In 2021, Pichai was the 6th highest-paid employee in the world, receiving $209.2 million from $2 million in salary, $204 million in stock awards, and $3.2 million in other remuneration, according to Forbes.

Pichai’s pay reflects Google’s worldwide technology sector influence and his leadership in the company’s expansion.

2. Tim Cook

Apple CEO Tim Cook: 2021 Compensation – The Hollywood Reporter

Apple Inc.’s CEO, Tim Cook, is American. Cook became Apple’s CEO in 2011, following Steve Jobs. Apple has continued to innovate and introduce new products and services under Cook, including the iPhone, iPad, and Apple Watch.

Cook has also spearheaded the company’s environmental and social initiatives, such as using 100% renewable energy and supporting human rights and equality. Cook earned $265 million in 2021, according to Forbes.

1. Elon Musk

The CEO and co-founder of many businesses, including SpaceX, Tesla, Neuralink, and The Boring Company, Elon Musk is a South African-American business mogul, industrial designer, and engineer.

Musk is renowned for his bold aspirations, which include transforming the way we travel through space, finding sustainable energy sources, and ushering in a new age of transportation.

Tesla has developed into a top producer of electric automobiles, while SpaceX has become the first privately financed firm to fly people into space.

Both organizations are led by Elon Musk. Musk has also publicly expressed his worries about climate change and made investments in renewable energy sources like solar energy and energy storage.

In 2021, Musk, who received no salary, $7.5 billion in stock options, and $300 million in additional remuneration, was the highest-paid employee in the world, according to Forbes.

The enormous effect that Musk’s businesses have had on the world economy and his role in pushing the frontiers of innovation are isreflectedn his salary.

https://www.youtube.com/live/cdZZpaB2kDM?feature=share

Elon Musk talks Twitter, Tesla and how his brain works — live at TED2022 (https://www.youtube.com/live/cdZZpaB2kDM?feature=share)

Conclusion

In conclusion, a range of sectors, including technology, sports, entertainment, and media, account for the top 15 highest-paid workers in the globe.

These people have made important contributions to their respective industries and have received honors for their achiachievementsadership, and invention.

Along with some less well-known names like Michael Fries and Joseph Ianniello, the list has well-known individuals like Elon Musk, Tim Cook, and Cristiano Ronaldo.

Their significant contributions to their organizations and the global economy are reflected in their substantial salaries.

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Next-Gen AI: Innovations Set to Reshape Industries by 2025

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The landscape of technology is witnessing unprecedented changes driven by Artificial Intelligence (AI). As we venture further into the 2020s, we are at the brink of a new era of AI innovations that are set to revolutionize various industries by 2025. From healthcare to finance, and from manufacturing to customer service, AI’s potential is boundless. This article explores the next-gen AI innovations poised to reshape industries, their applications, and the ethical considerations they bring along.

The Evolution of AI: A Quick Overview

Artificial Intelligence has evolved significantly since its inception. From rule-based systems in the early days to current advanced machine learning and deep learning techniques, the AI industry has undergone a transformation. Key developments include:

- Machine Learning and Deep Learning: These are subsets of AI that empower machines to learn from data and improve their performance over time without human intervention.

- Natural Language Processing (NLP): NLP allows machines to comprehend and interpret human language, enhancing interactions with users.

- Computer Vision: This technology enables machines to interpret and make decisions based on visual data, which is crucial for industries like healthcare and autonomous driving.

Next-Gen AI Innovations on the Horizon

1. AI in Healthcare

The healthcare industry is on the cusp of a revolution fueled by AI technologies. Innovations expected by 2025 include:

- Predictive Analytics: AI algorithms are becoming adept at predicting patient outcomes based on historical data, leading to better treatment plans.

- Robotic Surgery: Advanced AI-driven robots are capable of performing surgeries with precision and minimal invasiveness, reducing recovery times.

- Telemedicine: AI chatbots and assistants will improve patient interactions, making healthcare more accessible.

2. AI in Finance

The finance sector is leveraging AI to streamline operations and enhance decision-making processes. Innovations include:

- Fraud Detection: AI systems can analyze transaction patterns in real-time to flag unusual activities, increasing security.

- Robo-Advisors: These AI-powered platforms provide personalized investment advice based on user data and market trends.

- Risk Assessment: AI can evaluate risks by analyzing a broader range of factors than traditional models, providing investors with deeper insights.

3. AI in Manufacturing

AI is transforming the manufacturing industry by enhancing efficiency and reducing costs. Innovations to watch for include:

- Predictive Maintenance: AI-powered systems can predict equipment failures before they occur, minimizing downtime and repair costs.

- Smart Supply Chains: AI can optimize inventories and manage logistics more effectively, leading to significant cost savings.

- Quality Control: Computer vision technologies will enable real-time quality checks during the production process, ensuring products meet standards.

4. AI in Customer Service

Customer service is undergoing a significant transformation due to AI innovations aimed at enhancing user experience:

- Chatbots and Virtual Assistants: These systems provide 24/7 support to customers, handling inquiries and troubleshooting issues.

- Sentiment Analysis: AI can analyze customer interactions to gauge sentiment, allowing companies to improve their services based on user feedback.

- Personalized Recommendations: AI algorithms will offer customized suggestions, enhancing customer satisfaction and engagement.

5. AI in Retail

The retail industry is on the brink of transformation through AI adoption. Upcoming innovations include:

- Inventory Management: AI can forecast demand based on consumer behavior, allowing retailers to maintain optimal inventory levels.

- Augmented Reality Shopping: AI-powered AR features will enable consumers to try products virtually, enhancing the shopping experience.

- Customer Behavior Analysis: AI systems will analyze shopping patterns to optimize marketing strategies and improve customer engagement.

The Ethical Considerations of AI Innovations

While the advantages of AI innovations are numerous, they bring with them a host of ethical concerns that must be addressed:

- Data Privacy: With the vast amounts of data needed to train AI systems, there are concerns about protecting personal information from misuse and breaches.

- Job Displacement: The rise of AI can lead to the displacement of specific job roles, raising questions about the future of employment and the necessity for reskilling.

- Bias in AI: If the data used to train algorithms is biased, it can lead to unfair and discriminatory results, necessitating rigorous testing and validation of AI systems.

- Accountability and Transparency: As AI systems make more critical decisions, it is essential to establish accountability frameworks for how these decisions are made and communicated.

Preparing for the Future of AI

As industries begin adapting to these AI innovations, both businesses and individuals must proactively embrace change:

- Education and Skills Development: There will be a profound need for education focused on AI and its applications to prepare the workforce for the future.

- Collaboration: Businesses should collaborate with technology companies and research institutions to foster innovation.

- Ethical AI Development: Companies must prioritize ethical practices in AI development, ensuring transparency and fairness in their algorithms.

Conclusion

As we approach 2025, the innovations driven by next-gen AI are poised to reshape a multitude of industries. The transformative potential of AI technologies in healthcare, finance, manufacturing, customer service, and retail reveals an imminent technological landscape characterized by enhanced efficiency, improved decision-making, and richer user experiences. However, as we navigate this evolving terrain, addressing ethical considerations and prioritizing responsible AI development will be critical to ensuring these innovations benefit society as a whole. With education, collaboration, and transparency at the forefront, businesses can harness the power of AI while creating an inclusive future.

FAQs

Q1: What are the key benefits of AI innovations in industries?

A1: AI innovations enhance efficiency, improve decision-making, reduce costs, and offer personalized experiences to consumers, thereby driving growth across various sectors.

Q2: How can businesses prepare for the integration of AI?

A2: Businesses can prepare by investing in education and training, collaborating with technology partners, and adopting ethical AI practices to guide their implementations.

Q3: What ethical concerns should companies consider regarding AI?

A3: Companies should consider data privacy, bias in AI systems, job displacement, and the need for accountability and transparency in their AI practices.

Q4: Will AI replace human jobs entirely?

A4: While AI may automate certain tasks, it is also expected to create new roles that focus on overseeing and managing AI systems, requiring upskilling and adaptation from the workforce.

Q5: What industries will benefit the most from AI advancements?

A5: Industries such as healthcare, finance, manufacturing, retail, and customer service are expected to benefit significantly from AI advancements, leading to enhanced operations and user experiences.

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Tomorrow’s Tech Today: Unveiling the Innovations Shaping Our Future

As we stand at the brink of a new era driven by technology, the innovations unveiled today promise to reshape our lives in ways previously imagined only in science fiction. From artificial intelligence and quantum computing to renewable energy solutions and biotech, the technological advancements of today are setting the stage for an extraordinary future. This article explores several key innovations that are shaping our world and what we can expect moving forward.

Artificial Intelligence and Machine Learning

Artificial intelligence (AI) is transforming industries and daily life at an unprecedented pace. From natural language processing and computer vision to autonomous systems, AI technologies enhance our capabilities and streamline operations. In particular, machine learning (ML) – a subset of AI – enables systems to learn from data, adapt to new information, and improve over time.

Applications in Various Sectors

AI is impacting numerous sectors, such as:

Healthcare: AI algorithms analyze medical data to assist in diagnosing conditions, personalizing treatment plans, and predicting patient outcomes. Innovations like IBM Watson have shown promise in oncology, providing insights based on vast datasets.

Finance: AI-driven algorithms perform tasks such as fraud detection, risk assessment, and personalized financial advice. A notable example is the use of robo-advisors that tailor investment portfolios based on individual risk profiles.

Transportation: Self-driving cars are a significant area of investment for tech giants like Google and Tesla, promising to reduce accidents and traffic congestion in the future.

The Ethical Dimension

As AI continues to advance, it brings forth ethical considerations. Issues around privacy, bias, and job displacement require careful examination to ensure that the benefits of AI are equitably distributed across society.

Quantum Computing

Quantum computing represents a paradigm shift in computation. Unlike classical computers that operate using bits (0s and 1s), quantum computers use quantum bits or qubits, which can exist in multiple states simultaneously. This capability allows quantum computers to solve problems currently intractable for classical computers.

Potential Breakthroughs

Industries stand to benefit from quantum computing in several ways:

Pharmaceuticals: Quantum computing accelerates drug discovery by simulating molecular interactions with high precision, leading to faster development of new medications.

Cryptography: Quantum computers challenge traditional encryption methods, necessitating a complete overhaul of cybersecurity protocols to prevent unauthorized data access.

Logistics and Supply Chain: Quantum algorithms can optimize supply chain management, enabling more efficient routes, inventory management, and production schedules.

The Challenges Ahead

Despite its potential, quantum computing faces significant technical challenges, such as error correction and maintaining qubit stability (decoherence). Researchers are continuously working towards a robust and scalable quantum computer.

Renewable Energy Technologies

With climate change posing a critical threat to our planet, the push for sustainable energy sources has gained momentum. Technologies such as solar, wind, and energy storage solutions, are paving the way toward a greener future.

Innovations in Energy Generation

Key advancements include:

Solar Energy: Enhanced photovoltaic materials have increased solar panel efficiency, driving down costs. Innovations like floating solar farms utilize unused water surfaces.

Wind Energy: The latest turbine designs are more efficient and capable of capturing wind energy at lower wind speeds, broadening the scope for wind farm installations.

Hydrogen Fuel Cells: Hydrogen is emerging as a clean fuel alternative, with applications in transportation and industrial processes.

Energy Storage Solutions

Energy storage is crucial for maximizing the effectiveness of renewable energy sources. Breakthroughs include:

Lithium-ion Batteries: Continued improvements in battery technology promise longer life spans, faster charging times, and greater energy densities.

Solid-State Batteries: These batteries offer improved safety and efficiency compared to traditional lithium-ion batteries, which could result in extended electric vehicle ranges and reduced charging times.

Grid-Scale Storage Solutions: Technologies such as pumped hydro storage and advanced flywheel systems are being developed to balance supply and demand on the grid effectively.

Biotechnology and Health Innovations

Biotechnology has the potential to revolutionize healthcare with innovations ranging from genetic engineering to advanced drug therapies. The COVID-19 pandemic accelerated the development of mRNA vaccine technology, showcasing biotechnology’s capacity to respond to global health crises swiftly.

Gene Editing Technologies

CRISPR-Cas9 is one of the most groundbreaking gene-editing technologies, allowing precise modifications to DNA. Potential applications include:

Inherited Disease Treatment: Correcting genetic defects that cause hereditary diseases.

Cancer Research: Targeting and eliminating cancerous cells while minimizing damage to healthy cells.

Crop Improvement: Creating genetically modified plants that are more resistant to pests and environmental changes.

The Future of Personalized Medicine

Biotechnology is leading us towards a future of personalized medicine, where treatments are tailored to individual genetic profiles. Combining AI and genomic data analysis allows for more effective treatments and improved patient outcomes.

Conclusion

The innovations discussed above are just a glimpse into the technological advancements shaping our future. Artificial intelligence, quantum computing, renewable energy solutions, and biotechnology are redefining industries, enhancing our daily lives, and addressing critical global challenges. As we advance, it is essential to consider not only the benefits but also the ethical implications and challenges that come with these technologies. The future will be driven not just by technological prowess but by our ability to harness these innovations responsibly and inclusively. Together, we have the potential to create a better, more sustainable world through the technology of tomorrow.

FAQs

1. What are some leading companies in the field of artificial intelligence?

Some leading companies include Google, Microsoft, IBM, and OpenAI, all of which are at the forefront of AI research and applications.

2. How is quantum computing different from classical computing?

Quantum computing uses qubits that can exist in multiple states simultaneously, allowing for parallel processing and solving complex problems much faster than classical bits (0s and 1s).

3. Why is renewable energy important?

Renewable energy is vital for reducing greenhouse gas emissions, combating climate change, and creating sustainable energy solutions that decrease our reliance on fossil fuels.

4. What are some ethical concerns related to biotechnology?

Ethical concerns in biotechnology include the potential for genetic discrimination, privacy issues regarding genetic information, and the potential consequences of gene editing, such as unforeseen health impacts.

5. Will AI take over jobs in the future?

While AI may automate certain tasks, it is also likely to create new job opportunities in emerging fields. Continuous education and adaptation will be essential to preparing the workforce for these changes.

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5 Things to Know Before the Stock Market Opens

U.S. stock futures are pointing sharply higher as market watchers focus on corporate earnings; Microsoft (MSFT) shares are jumping in premarket trading after the company reported strong artificial intelligence (AI) cloud revenue; Meta Platforms (META) shares are rising as advertising revenue helped boost results; Apple (AAPL) and Amazon (AMZN) are set to report earnings after the bell; and Tesla’s (TSLA) chair denies a report that the board had begun a search to succeed CEO Elon Musk. Here’s what investors need to know today.

1. US Stock Futures Surge as Investors Digest Corporate Earnings

U.S. stock futures are pointing sharply higher as investors focus on a parade of corporate earnings reports. S&P 500 futures and Dow Jones Industrial Average futures are up by 1.2% and 0.8%, respectively, as the indexes rose yesterday for a seventh consecutive session. Nasdaq futures are jumping by 1.8% after the tech-focused index shed 0.1% yesterday. Bitcoin (BTCUSD) is rising to trade above $96,000. Yields on the 10-year Treasury note are declining to around 4.15%. Oil and gold futures are down more than 2%.

2. Microsoft Stock Jumps on Strong AI Cloud Growth

Microsoft (MSFT) shares are surging about 9% in premarket trading after the software giant reported quarterly revenue and profit that surpassed analysts’ expectations. The tech titan reported revenue increased 13% year-over-year to $70.07 billion and profit of $3.46 per share, both above Visible Alpha consensus. Intelligent Cloud segment revenue jumped 21% to $26.75 billion and Microsoft said it expected the unit to deliver 20% to 22% growth in the current quarter. While Microsoft shares have risen 15% from their April low, they remain down 6% since the start of the year entering Thursday.

3. Meta Stock Surges as Ad Revenue Helps Boost Results

Meta Platforms (META) stock is jumping 6% in premarket trading after the social media giant reported better-than-expected quarterly results on strong advertising growth. The Facebook parent brought in revenue of $42.31 billion, up 16% year-over-year and above the analyst consensus from Visible Alpha, while its net income of $6.43 per share also topped projections. Advertising revenue grew 16% to $41.39 billion, also beating estimates. Facebook said it plans to boost its capital expenditures this year to $64 billion to $72 billion to grow its AI capacity. Meta’s stock was down 6% for the year entering Thursday.

4. Apple, Amazon Slated to Report Results After Closing Bell

Microsoft’s and Meta’s fellow “Magnificent Seven” companies Apple (AAPL) and Amazon (AMZN) are scheduled to report quarterly results after markets close today. Analysts polled by Visible Alpha expect Apple to report fiscal second-quarter revenue grew 4% year-over-year to $94.66 billion and earnings per share of $1.62, up from $1.53. Amazon is seen reporting first-quarter revenue of $155 billion, up 8%, and adjusted EPS of $1.75, up from $1.46. Shares of Apple are 1% lower in premarket trading, while Amazon shares are 3% higher.

5. Tesla Denies Report That Board Opened Search for CEO Replacement

Tesla (TSLA) chair Robyn Denholm on Thursday denied a report that the EV maker’s board members had started a formal process to find a successor for CEO Elon Musk.The Wall Street Journal reported that board members started the search “about a month ago” as Tesla shares stumbled amid investor concerns that Musk was too focused on his role cutting federal spending as part of the White House administration. Denholm denied the Journal report, writing on Tesla’s X account that “The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.” Tesla shares are up less than 1% in premarket trading.

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