5 Key News Updates: Tesla Pay, US-Canada Tariffs, Oil Production, ESPN & NFL, and Box Office

Tesla Board Approves Interim Pay Package for Elon Musk

• 💡 Tesla's board has approved an interim pay package for Elon Musk, valued at $96 million in shares.
• 🎯 This payment is intended to honor Musk's 2018 deal, which was previously struck down by a Delaware court.
• ⚡ The board also stated this is a first step to encourage Musk to refocus his energies on Tesla.

US-Canada Trade Relations and Tariffs

• 🇨🇦 A Canadian cabinet minister indicated that President Trump and Prime Minister Mark Carney may discuss trade in the coming days.
• ⚠️ This follows the US decision to impose 35% tariffs on Canadian goods.
• 🤝 The trade minister believes a deal to lower tariffs remains a possibility.

OPEC+ Agrees to Increase Oil Production

• 🛢️ OPEC and its allies have agreed to raise oil production by approximately 550,000 barrels per day for the next month.
• 📈 The cartel cited a healthy economy and low stock piles as reasons for this decision.
• 🌍 This is part of ongoing efforts by OPEC to regain market share.

ESPN Reportedly Acquiring NFL Red Zone

• 🏈 ESPN is reportedly set to acquire NFL Red Zone and other key NFL media holdings.
• 💰 In exchange, the NFL would receive up to 10% equity in ESPN, a stake potentially worth billions.
• 📣 The deal is expected to be announced as soon as this week.

Fantastic 4 Tops Box Office Amidst Drop

• 🎬 Marvel's Fantastic 4 movie maintained the top spot at the box office this past weekend.
• 📉 The film earned $40 million domestically, marking a 66% drop from its opening weekend.