Tesla Stock Price Down 50% Since Elon Musk Offered to Buy Twitter

Reuters
Novavax's top shareholder Shah Capital ramps up efforts for board shakeup
Shah Capital, which currently owns a near 7.5% stake in Novavax and is its third-largest shareholder, reiterated that the company was "undervalued and continues to suffer from poor profitability". The top shareholder had expressed concerns about mismanagement at the Maryland-based biotech and nominated two of its own candidates for the board last month. It had also urged Novavax to adopt a marketing strategy to target consumers who are hesitant to receive mRNA vaccines.
Associated Press
US and Philippine forces stage combat drills near strategic channel off southern Taiwan
U.S. Marines and their Filipino counterparts darted out of Black Hawk helicopters during combat drills Monday in the Philippines’ northernmost island town, along the strategic Bashi Channel off southern Taiwan. The show of allied battle readiness in Itbayat in Batanes province is part of annual military exercises that started last month, dubbed Balikatan, Tagalog for “shoulder-to-shoulder,” and involving more than 16,000 American and Philippine military personnel.
AFP
Israel orders evacuation from Rafah area in south Gaza
Israel's military on Monday called for the evacuation of Palestinians from eastern Rafah, ahead of a long-threatened ground invasion of the southern Gaza city, the prospect of which has triggered widespread global alarm.But Rafah has been repeatedly bombed from the air -- including on Monday following the evacuation order -- and Palestinians frequently say that nowhere in Gaza is safe.
AFP
Struggling French tech group Atos weighs financial lifelines
Struggling French tech group Atos, an Olympics partner and key French defence contractor, said on Monday it would choose between rivals offers for a financial rescue by May 31.Atos said on Monday its board had received four financial restructuring offers the previous day.
NBC News
Democrats prepare to go on the offensive on immigration in the coming weeks
WASHINGTON — Democrats are preparing an aggressive new immigration strategy months after Republicans blocked a bipartisan border security bill aimed at easing record-high illegal crossings along the southern border, according to officials who discussed the plans with NBC News.
NBC News
Displaced teachers set up tent school in Rafah as Israeli assault looms
As an Israeli assault on Gaza's southern city of Rafah displaced Palestinians have set up a tent school to help educate children.
NBC News
Democrats have beef with a Montana GOP Senate candidate’s cattle ranch
As they navigate a tough 2024 map to maintain their slim Senate majority, Democrats are attempting to frame a key race in Montana around issues with unique resonance in the state: authenticity and access to public land.
AFP
EU ready for 'tough decisions to protect economy', von der Leyen tells China
European Commission President Ursula von der Leyen said on Monday that the EU would not shrink back from taking tough measures to protect its economy and security, amid tense trade relations with China."Europe will not waver from making tough decisions needed to protect its economy and its security," she said.
Associated Press
Germany recalls its ambassador in Russia for a week in protest over a hacker attack
Germany said Monday it recalled its ambassador to Russia for a week of consultations in Berlin following an alleged hacker attack on Chancellor Olaf Scholz’s party. Germany last week accused Russian military agents of hacking into the top echelons of Scholz's Social Democrats’ party and other sensitive government and industrial targets. Berlin has joined NATO and fellow European countries in warning that Russia’s cyberespionage would have consequences.
Reuters
Australia criticizes China over 'unsafe' aerial confrontation over Yellow Sea
A Chinese fighter jet endangered those aboard an Australian military helicopter during an "unsafe" and "unacceptable" confrontation over the Yellow Sea last week, Australia said on Monday. The incident occurred on Saturday, when a Chinese air force J-10 jet dropped flares above and several hundred meters ahead of an Australian MH60R Seahawk helicopter which was on a routine flight in the Yellow Sea as part of an operation to enforce sanctions against North Korea. The helicopter, flying from destroyer HMAS Hobart, took evasive action and dodged the flares, but the possible impact of being hit would have been "significant," Defence Minister Richard Marles said in a statement.
CNN
Young boy dies in Texas floodwaters as authorities make more than 200 rescues across state
The body of a five-year-old boy was recovered from floodwaters near Fort Worth, Texas, on Sunday, as search and rescue teams statewide continue to patrol streets and neighborhoods inundated by rainfall.
AFP
EU to drop rule-of-law proceedings against Poland
The EU said Monday it will drop action started against Poland six years ago over rule-of-law concerns that could have led Warsaw to lose its vote in the bloc's affairs.As a result, the commission said in a statement Monday, it "considers that there is no longer a clear risk of a serious breach of the rule of law in Poland within the meaning of Article 7.1 of the Treaty on European Union".
Yahoo Finance
Stock market today: Stock futures gain as rally looks set to continue
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report
Reuters
SNP veteran John Swinney set to be Scotland's next leader
LONDON (Reuters) -Scottish National Party (SNP) veteran John Swinney was confirmed the party's new leader on Monday and is set to succeed Humza Yousaf as the country's first minister after he emerged as the sole contender in the leadership race for a new premier. Yousaf, who had become the first Muslim to lead a democratic western European nation in March 2023, resigned last week after his decision to end a coalition with the Green Party backfired, triggering a contest to pick his replacement. Shortly after midday on Monday, the deadline for other contenders to join the race, the SNP confirmed Swinney as the new leader, ending uncertainty around a possible weeks-long process that would have ensued if there were more candidates.
Reuters
China should boost number of ICU beds, state agencies say
China should increase the number of intensive care unit (ICU) beds over the next few years as part of its public health measures, several state agencies recommended in a joint statement published on Monday. The world's second most populous country has gradually increased ICU beds over the years, but critics say its health system remains under-resourced and it was severely stretched after authorities abruptly ended national COVID pandemic restrictions in late 2022. China had only 4.37 ICU beds per 100,000 people in 2021, compared with 34.2 in the United States as of 2015, according to a paper by Shanghai's Fudan School of Public Health.
Reuters
Mladic defence seeks his release to Serbia on health grounds
Defence lawyers for Bosnian Serb general Ratko Mladic, who is serving a life sentence for his role in the bloody 1992-95 war in Bosnia, are seeking his urgent release to Serbia on health grounds. Descriptions of the 82-year-old's medical condition are redacted in the court papers but he has been known to suffer cognitive impairments and was hospitalised at least twice this year. Mladic led Bosnian Serb forces during Bosnia's 1992-95 war, part of the bloody break up of Yugoslavia.
Reuters
Grayscale Bitcoin Trust's shares jump after first inflow since January
The move marks a major milestone for GBTC, which has seen $17.46 billion in withdrawals since it converted from a trust to an easily tradable ETF in January, due to the higher fees it charges compared with rivals. GBTC saw inflows of $63 million on Friday, according to investment management firm Farside Investors. But its position as the biggest spot bitcoin ETF by AUM has come under threat from BlackRock's iShares Bitcoin Trust, which manages $16.91 billion, according to its website.
Reuters
Boeing's new Starliner capsule set for first crewed flight to space station
Boeing Co's new Starliner astronaut capsule was poised for a Monday night launch of its long-delayed inaugural crewed test flight to the International Space Station, two years after its first voyage without humans to the orbital laboratory. The gumdrop-shaped CST-100 Starliner with two astronauts aboard was due for liftoff at 10:34 p.m. (0234 GMT on Tuesday) from NASA's Kennedy Space Center in Florida, carried atop an Atlas V rocket furnished by the Boeing-Lockheed Martin joint venture United Launch Alliance (ULA).
AFP
Hezbollah says fires at Israel after east Lebanon strike
Lebanese official media said an Israeli strike Monday wounded three people in the country's east, with Hezbollah saying it launched "dozens of Katyusha rockets" at an Israeli base in retaliation.Lebanon's Iran-backed Hezbollah group said it launched "dozens of Katyusha rockets" targeting "the headquarters of the Golan Division... at Nafah base" in the Israeli-annexed Golan Heights.
Reuters
Unused EU recovery funds should go towards defence, Polish ministers say
Unused European Union funds meant for helping member states recover from the pandemic should be put towards building the defence industry, Poland's deputy prime minister and its foreign minister said on Monday. Poland is spending more on defence as a proportion of its GDP than other EU states and has called for EU members to ramp up defence spending in the wake of Russia's invasion of Ukraine. "All unused national recovery plan funds should be shifted towards defence projects," deputy prime minister and defence minister Wladyslaw Kosiniak Kamysz said during a panel at the Defence24 conference in Warsaw.

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