Norwegian opposition complicates Musk’s path to $1 trillion pay deal

In a surprising turn of events, former President Donald Trump and tech mogul Elon Musk have publicly endorsed Andrew Cuomo in the competitive New York City mayoral race. This endorsement is significant as it brings together influential figures from different spheres, potentially swaying undecided voters and energizing Cuomo's campaign. The backing of such high-profile personalities could reshape the dynamics of the election, highlighting Cuomo's appeal across diverse voter bases.

In a significant milestone for the social media landscape, Threads has overtaken X in daily active users on mobile devices for the first time, marking a pivotal moment in the ongoing rivalry between Mark Zuckerberg and Elon Musk. This achievement not only highlights Threads' growing popularity but also reflects a shift in user preferences, as millions have flocked to the platform. This development is crucial as it could reshape the competitive dynamics in social media, prompting both platforms to innovate further to retain and attract users.

Palantir Technologies has received a boost from Wedbush, which has raised its price target for the company, citing strong performance in artificial intelligence. This positive outlook suggests that Palantir's valuation could potentially reach $1 trillion, reflecting growing confidence in its AI capabilities and market position. This matters because it highlights the increasing importance of AI in driving company valuations and investor interest, positioning Palantir as a key player in the tech landscape.

Stock futures are on the rise as investors look forward to significant events, including the Supreme Court's upcoming decision on Trump tariffs and Tesla's annual shareholder meeting. At this meeting, shareholders will vote on Elon Musk's ambitious $1 trillion pay package, which could set a precedent for executive compensation in the tech industry. This is a crucial moment for Tesla and its investors, as the outcomes could influence market trends and corporate governance.

Rapid7's stock has reached a 52-week low of $17.74, reflecting a challenging year for the company. Investors are concerned about the ongoing difficulties that have impacted its performance.

Palantir's outlook has been raised by BofA Securities Analyst Mariana Perez Mora, who believes the company will thrive even if the AI bubble bursts. She shared insights on Palantir's strong earnings and its unique position in the AI sector during a discussion with Caroline Hyde and Ed Ludlow on Bloomberg Tech.

Guggenheim has raised its price target for Sphere Entertainment to $90, reflecting a strong outlook for the company. This positive adjustment indicates confidence in Sphere's future performance and growth potential.

Mach Natural Resources has seen its stock price drop to a 52-week low of $11.76, raising concerns among investors about the company's performance and future prospects.

Bitcoin has seen a significant drop, losing over 20% from its recent peak and falling below $100,000 for the first time since June. This decline reflects a broader bear market trend, impacting crypto stocks as well. Fred Thiel, CEO of Mara Inc, shared insights on the situation during his appearance on Bloomberg Crypto.

Putin has expressed strong confidence in the capabilities and future prospects of Russia's new weapons systems. He highlighted their advanced technology and strategic importance, emphasizing the nation's commitment to enhancing its military strength.