00:00 Speaker A
It’s time for Yahoo Finance’s market minute.
00:02 Speaker A
US stocks are trading higher in midday as this holiday shortened week kicks off.
00:06 Speaker A
And Tesla reached a new record high after CEO Elon Musk won reinstatement of his 2018 pay package.
00:12 Speaker A
The Delaware Supreme Court reversed some previous findings of a judge who said the billionaire improperly influenced board members who formulated the record-breaking corporate compensation package.
00:22 Speaker A
Meanwhile, Alphabet has agreed to buy clean energy developer Intersect Power for 4.75 billion dollars in cash and debt.
00:28 Speaker A
It’s one of the largest deals by the tech giant to dramatically expand its data center footprint for AI.
00:32 Speaker A
Finally, could you find room in your bank account for 1.6 billion dollars?
00:36 Speaker A
That’s the Powerball jackpot for tonight, making it one of the largest lottery prizes in US history.
00:41 Speaker A
And that’s your Yahoo Finance market minute.
