Business

Elon Musk is projected to become the world's first trillionaire, with his combined holdings in Tesla and SpaceX potentially valuing his net worth at $1.11 trillion.

Four University of Washington students founded Lumiére, a candle company built around memories, culture and identity, to create a connection between customers and their own heritage and experiences through hand-poured candles.

NBA star Stephen Curry has announced a ten-year partnership with Chinese sportswear giant Li-Ning, concluding his sneaker free agency. The deal is poised to significantly boost Li-Ning's market presence and popularity in both China and the United States.

A draft defense policy bill seeks to prohibit U.S. military personnel from engaging in prediction markets for global events, a measure prompted by a high-profile case involving a U.S. special forces soldier accused of using classified information to place bets tied to the capture of Nicolás Maduro.

A new study by the Julian Bond Institute (JBI), 'Ambition Without Access,' highlights that younger, more diverse generations, despite demonstrating high financial motivation and optimism, face significant structural barriers to achieving key financial milestones such as homeownership, business creation, and secure retirement.

Elon Musk has initiated legal proceedings against OpenAI, its CEO Sam Altman, and President Greg Brockman, alleging they deceived him and deviated from the company's original mission. The lawsuit seeks $130 billion in damages and demands the restoration of OpenAI's nonprofit status.

The Gates Foundation has initiated an independent investigation into its historical engagement with convicted sex offender Jeffrey Epstein. This review aims to assess past interactions and scrutinize the foundation's policies for vetting new philanthropic partnerships. The move follows reports of numerous emails between Bill Gates and Epstein, with Gates having previously apologized to staff for what he termed a 'huge mistake'.

Karex, the world's largest condom manufacturer, has indicated that ongoing disruptions to global supply chains, intensified by the Iran war, could lead to a 20-30% price increase for its products.

Warner Bros. Discovery shareholders have overwhelmingly approved a Paramount Skydance takeover deal, a significant development expected to finalize by the end of September, pending regulatory approval.

Scientific Games and Intralot are embroiled in a bitter dispute over the lucrative 10-year contract to manage Maryland's state lottery systems. The contention may necessitate judicial arbitration to resolve the increasingly muddled conflict.