On this episode of Stock Movers:
- Tesla (TSLA) share are higher as it approved an interim stock award of 96 million shares for Chief Executive Officer Elon Musk. The Tesla board emphasized the importance of retaining Musk at the helm, saying the reward was a first step 'good faith' payment to Musk. A special board committee has been exploring ways to offer Musk a new compensation agreement after his prior plan was voided by the Delaware Chancery Court.
- Berkshire Hathaway (BRK.B) shares are lower after Warren Buffett’s company took a $3.8 billion impairment on its Kraft Heinz stake. Bloomberg Intelligence analyst Matthew Palazola writes Berkshire Hathaway’s diversity of operations should allow it to withstand emerging headwinds from US trade policies, lower interest rates and revisions to federal energy tax policy.”
- Blade Air Mobility (BLDE) shares are higher on news Joby Aviation will acquire Blade Air Mobility’s urban air mobility passenger business for up to $125 million in stock or cash. The acquisition includes all of Blade’s passenger business, including operations in the US and Europe, as well as the Blade brand.
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