US Flight Cuts, Trump Tariffs, and Elon Musk's Pay Package: Reuters World News

US Flight Cuts Amid Government Shutdown

• ✈️ The US is implementing a 10% cut in flights at 40 major airports due to the ongoing government shutdown, impacting thousands of air traffic controllers and TSA agents who have gone without pay.
• ⚠️ The cuts will be phased in, starting at 4% on Friday and increasing to 10% early next week, a move intended to alleviate pressure on the system and ensure safety.
• ❓ There is significant uncertainty for passengers and airlines regarding flight schedules, with many unanswered questions about the impact on travel plans, including weddings.
• 📢 The Trump administration is reportedly using the threat of aviation chaos to pressure Democrats to end the shutdown.

Supreme Court Considers Trump Tariffs

• ⚖️ The Supreme Court is hearing arguments on the legality of President Trump's broad tariffs, questioning whether he was authorized to use an emergency powers law from the 1970s.
• 🌍 These tariffs are a central part of Trump's foreign policy and have significantly disrupted global trade.
• 🧐 Justices expressed skepticism regarding the tariffs' legality, with concerns raised about the statute not explicitly mentioning tariffs and the potential implications of unwinding these agreements.
• 🏛️ The case is seen as a test of presidential executive power, with a focus on the "major questions doctrine" which requires clear congressional authorization for policies with sweeping economic consequences.

Tesla Shareholders to Vote on Elon Musk's Pay Package

• 💰 Tesla shareholders are set to vote on a nearly $1 trillion pay package for CEO Elon Musk, which would be the largest in corporate history.
• 📉 Norway's sovereign wealth fund, a major investor, has announced it will vote against the package, though it is still expected to pass.
• 📈 The board's justification for the package is that shareholders benefit when Musk succeeds, with his compensation tied to achieving ambitious market cap and production goals.
• 🎯 Key goals include increasing Tesla's market cap from $1.5 trillion to $8.5 trillion and reaching production targets like 20 million vehicles.

Other Global News

• 🇵🇭 The death toll from Typhoon Kalmagi in the Philippines has surpassed 100, with over 200,000 people evacuated and many homes destroyed.
• 🇲🇽 Mexico's president is filing charges against a man who groped and attempted to kiss her, highlighting the importance of addressing such incidents for all women.
• 🏺 A photo story from Egypt's Grand Museum showcases over 5,000 artifacts from King Tutankhamun's tomb, displayed together for the first time.