Morning Brew Daily Musk Wins His $1 Trillion Pay Package & October Layoffs Hit 22-Yr High
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Nov 7, 2025 October saw the highest layoffs in 20 years, affecting many sectors. Elon Musk triumphs with his staggering $1 trillion pay package, sparking discussions about his motivations. ESPN ditches Penn Entertainment for DraftKings, signaling a significant shift in sports betting partnerships. Snap's stock rose after announcing a deal with Perplexity AI to enhance its search engine. Meanwhile, Duolingo, Celsius, and e.l.f. Beauty are struggling, each seeing shares plummet by at least 20%. Plus, the FAA plans to cut flights, raising concerns for travelers.
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Grumpy Museum Tours Sell Out
- Neil describes a popular grumpy museum tour in Dusseldorf where guides berate visitors for fun.
- The performance art tour sells out and may spread as museums seek engagement hacks.
Shareholders Bet On Musk's Vision
- Tesla shareholders approved Elon Musk's pay package that could award him up to $1 trillion in stock if aggressive targets are met.
- The vote reflects investor belief that Musk's vision ties directly to Tesla's valuation beyond its car business.
Control Trumps Cash For Musk
- Musk's motivations likely center on power and control rather than money, aiming to increase influence over Tesla's future projects.
- The package would boost his voting stake from 13% to about 25%, strengthening his sway over company direction.