Tesla CEO Elon Musk, company settle fraud suit
Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company.
The Securities and Exchange Commission announced the settlement Saturday, just two days after filing a case seeking to oust Musk as CEO.
The settlement will require Musk to relinquish his role as chairman for at least three years, but he will able to remain as CEO. ister urged the United States on Saturday to keep moving past what he called seven decades of entrenched hostility if Washington wants to restart stalled negotiations meant to rid Pyongyang of its nuclear bombs.
Boiling the rivals’ diplomatic standoff down to the North’s deepening feeling of mistrust, Ri Yong Ho sought to lay out a vision of peace on the troubled Korean Peninsula — provided the North gets what it wants from the United States.
Ri, standing at a podium at the United Nations General Assembly in New York, said North Korea is ready to implement the points that his leader, Kim Jong Un, and U.S. President Donald Trump agreed to in June during a summit in Singapore.
But his comments were infused with what came across as impatience at the slow pace of progress in a process the world hopes will cause Pyongyang to abandon an arsenal of nuclear-tipped missiles that aims to accurately target the entire U.S. mainland.
In recent weeks, Kim Jong Un has said he would permanently dismantle North Korea’s main nuclear complex, but only if the United States takes unspecified corresponding measures. Kim has also promised to accept international inspectors to monitor the closing of a key missile test site and launch pad. fatalities coming in the hardhit city of Palu, but it was expected to rise once rescuers reached surrounding coastal areas, said disaster agency spokesman Sutopo Purwo Nugroho. He said others were unaccounted for, without giving an estimate. The nearby cities of Donggala and Mamuju were also ravaged, but little information was available due to damaged roads and disrupted telecommunications.
Nugroho said “tens to hundreds” of people were taking part in a beach festival in Palu when the tsunami struck at dusk on Friday. Their fate was unknown.
Hundreds of people were injured and hospitals, damaged by the magnitude 7.5 quake, were overwhelmed.