The Week (US)

The bottom line

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■ White Americans now have median earnings of $914 per week—an all-time inflationa­djusted high that’s significan­tly above pre-pandemic levels. That is 42 percent higher than the median weekly earnings of Black Americans, and 45 percent higher than what Hispanic Americans earn.

Axios.com

■ Tesla’s first-quarter earnings unlocked two more massive compensati­on milestones for CEO Elon Musk. In total, Musk now has rights to buy 50.6 million shares of Tesla at an exercise price of $70.01 per share, an options package worth $35.3 billion.

Insider.com

■ Almost 87 percent of

S&P 500 companies reporting results beat Wall Street forecasts and are doing so by an average of 23.5 percent, the largest-ever recorded gap, according to data that dates back to 1994.

Finance.Yahoo.com

■ Trevor Lawrence, the

No. 1 selection in last week’s NFL draft, requested to have his $22,630,055 signing bonus placed in a cryptocurr­ency account called Blockfolio. Lawrence’s portfolio already includes Bitcoin and Ethereum.

USA Today

■ A tax court judge ruled largely in favor of Michael Jackson’s estate in a dispute with the IRS, concluding that the singer’s name and likeness were worth $4.2 million when he died in 2009. The

IRS argued they were worth $161 million; the estate pushed for a value of just $2,105, saying Jackson’s reputation had already been devastated.

The New York Times

■ Delta, the last airline keeping middle seats unfilled for social-distancing purposes, ended the practice May 1. Air travel is on the rebound, with more than a million passengers screened daily by the TSA since March 11.

The Washington Post

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