Nevada
Musk moves Neuralink to Nevada after Delaware judge strikes down $55 billion pay package
Delaware judge overturns Elon Musk’s $55.8B Tesla pay deal
A judge in Delaware has nullified Elon Musk’s $55.8 billion pay deal from 2018, calling it an “unfathomable sum” and unfair to shareholders.
Newsworthy
Elon Musk’s company Neuralink has moved its incorporation from the First State to Nevada as he grapples with a recent Delaware judge’s decision that voided his extraordinary pay package from Tesla.
Musk, who tweeted out, “Never incorporate your company in the state of Delaware,” is taking his own advice by attempting to move his company incorporations over to states like Texas and Nevada.
Neuralink, Musk’s company intended to design brain-implanted computer chips, moved its incorporation to Nevada on Thursday, according to both Nevada and Delaware state records. Last month, Musk announced that the first human patient received a Neuralink implant.
Last week, Musk took to his social media platform X angrily after Delaware judge Kathaleen St. Jude McCormick struck down a $55 billion Tesla pay package. “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters,” said Musk on X, formerly known as Twitter.
The Delaware Chancery Court ruled the package was not fair and must be voided.
This is not Musk’s first company incorporated in Nevada, however. X, which was incorporated in Delaware when it was Twitter, and xAI, an artificial intelligence company, are also incorporated in the state.
Delaware is known nationally due to corporation-favoring laws, where many major companies are incorporated, such as Alphabet, Amazon and more.
ELON MUSK IN DELAWARE: Have the courts really been so unfair to him? Here’s his record
MORE: Tesla CEO’s nearly $56 billion compensation package was unfair, Delaware court rules
Nevada
Video of the Day: 'Mormon crickets' invade Nevada – The Daily Universe
(TikTok/@tmcwgrl)
Nevada is facing its annual shield-backed katydid infestation. These insects have a habit of swarming homes and causing problems for local farmers. Though they are not true crickets, shield-backed katydids bear the nickname “Mormon Crickets” due to their famous invasion of the early saints of The Church of Jesus Christ in Salt Lake City during the mid-19th century.
Nevada
High school seniors graduate with credit from the University of Nevada Reno’s Collegiate Academy
RENO, Nev. (KOLO) – 300 seniors from various Northern Nevada schools graduated with college credit from UNR’s Collegiate Academy.
The Collegiate Academy program implements current University of Nevada, Reno curriculum and coursework in high school classrooms, and all for only $25 per class. College faculty work with high school teachers, meeting regularly to plan lessons, review coursework, and provide guidance. The result is a course that leverages both the content expertise of University faculty with the instructional expertise of the high school teachers. 26 UNR courses were offered this year across subjects in English, mathematics, economics, psychology, world languages, political science, chemistry and others.
On Monday evening high school students got the chance to walk across a college stage to celebrate their hard work as their ceremony was held on the UNR campus. Those college credits can of course, be used at UNR but also at any university across the nation. KOLO 8 spoke with Ale Ibarra, one of the seniors in attendance, who said the program not only made college cheaper, but gave her a more personalized experience.
“My class had 25 or 30 kids maximum. If I had a a problem or a question I could go at any point in the day and ask my teacher. It was just a lot more personal versus what I expect to get in college,” Ibarra said.
Statewide, 29 schools participated in the program this year with more than 4,500 students enrolled during the spring semester.
Copyright 2024 KOLO. All rights reserved.
Nevada
Nevada abortion-rights measure has enough signatures for November ballot, supporters say
LAS VEGAS — Abortion access advocates in Nevada said Monday that they have submitted almost twice the number of petition signatures needed to qualify a measure for the November ballot that would enshrine reproductive rights in the state constitution.
Supporters collected and submitted more than 200,000 signatures, Nevadans for Reproductive Freedom President Lindsey Harmon told reporters. Proponents need 102,000 valid signatures by June 26 to qualify for the ballot.
“The majority of Nevadans agree that the government should stay out of their personal and private decisions … about our bodies, our lives and our futures,” Harmon said at a rally with about 25 supporters outside the Clark County Government Center in Las Vegas.
Elections officials in Nevada’s 17 counties still must verify signatures and it’s not clear how long that will take.
In Washoe County, spokeswoman Bethany Drysdale said advocates delivered several boxes of signatures to the registrar’s office in Reno. Boxes also went to officials in Clark County, the state’s most populous and Democratic-leaning area, which includes Las Vegas.
Nevada voters approved a law in 1990 that makes abortion available up to 24 weeks of pregnancy, a point considered a marker of fetal viability. But Nevada is one of several states where backers are pressing to strengthen abortion access after the U.S. Supreme Court overturned Roe v. Wade.
Since then, several Republican-controlled states have tightened abortion restrictions or imposed outright bans. Fourteen states currently ban abortions at all stages of pregnancy, while 25 allow abortions up to 24 weeks or later, with limited exceptions.
Harmon said the effort to collect signatures was “very expensive” but declined to give an exact figure. She noted that the neighboring states of Idaho, Arizona and Utah have stricter abortion rules than Nevada.
Most states with Democratic legislatures have laws or executive orders protecting access. Voters in California, Kansas, Kentucky, Michigan, Montana, Ohio and Vermont have sided with abortion rights supporters on ballot measures. Supporters of abortion rights have qualified measures for ballots in Colorado and South Dakota, and Nevada is among nine other states where signature drives have been underway.
The measure would ensure “a fundamental, individual right to abortion” while allowing Nevada to regulate “provision of abortion after fetal viability … except where necessary to protect the life or health of the pregnant individual.”
Melissa Clement, Nevada Right to Life director, told The Associated Press her organization will continue to fight the proposed amendment in courts and at the ballot box.
“As a woman, nothing makes me angrier than Democrats taking one of the most difficult and traumatic decisions a woman can make and using it for political fodder,” Clement said. “Scaring women. It’s despicable.”
Signature-gathering is one of two tracks being taken in Nevada to get the measure on the ballot.
To amend the Nevada Constitution, voters must approve a measure twice. If the abortion amendment qualifies and is approved by voters this year, they would vote on it again in 2026.
In the Legislature, Nevada’s Democratic-majority lawmakers passed a 24-week right-to-abortion measure last year along party lines, teeing the issue up for another vote when lawmakers return next year for their next every-two-years session in Carson City. If approved then, the proposed constitutional amendment would be put on the 2026 statewide ballot.
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