DraftKings Stock Surges Following ESPN Partnership
DraftKings shares jumped significantly after announcing a partnership with ESPN, leading to the company replacing Penn Entertainment in a key market position.
Musk’s Tesla Pay Package Approved
Shareholders approved Elon Musk’s $1 trillion compensation plan for Tesla, marking one of the most substantial pay packages ever granted in corporate America.
Stock Market Overview
- The S&P 500 declined amid rising concerns over job cuts and ongoing weakness in the technology sector.
- Bitcoin hovered just below $102,000 as investors showed cautious risk appetite.
Supreme Court Ruling Impact
“Oral arguments are seen as ‘negative’ for the Trump levies,” according to Wolfe Research.
Overall, market reactions reflect cautious investor sentiment due to economic uncertainty and legal challenges impacting major figures.
Summary: DraftKings stock climbed sharply after partnering with ESPN, while Tesla’s massive pay package was approved; broader markets faced headwinds amid economic and legal concerns.
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