White House Proposes 50 Year Mortgages (Plus $2,000 Checks to Americans?)
Tesla shareholders approved Elon Musk’s historic $1 trillion pay plan, granting him 12 tranches of shares tied to performance milestones — including mass-producing 1 million Optimus robots. President Trump announced agreements with Eli Lilly and Novo Nordisk to drastically lower GLP-1 obesity drug prices, with Medicare set to cover them starting mid-2026. Target is revamping its e-commerce strategy to improve in-store experiences after customer complaints. Gold prices rose 2% to around $4,080 an ounce as lawmakers move toward ending the government shutdown. China imposed new export controls on fentanyl precursor chemicals following a trade deal with the U.S. American household debt reached a record $18 trillion, with credit card and auto loan delinquencies climbing. Wendy’s will close 300 restaurants in Q4 to cut costs and boost profitability. And Rivian approved a $4.6 billion pay package for CEO RJ Scaringe, tied to future profitability and share price growth.
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