And Microsoft isn’t the only company steering work away from the yellow-bellied nine.

According to reporting by Law.com, several general counsels have a dim view of those in the “order of obsequiousness.” One energy company GC said, “I have pulled firms off of prospective new work. I had Skadden on one, and I had Willkie on another, and I pulled them off because of their settlement. I’m literally in a thread with other GCs, and those two firms have been pulled from other people’s panels as well.” The energy GC continued, “more than a dozen companies are actively [issuing requests for proposals] for new work, and they’ve just changed the panel. Firms that they would normally have gone to, they’ve just pulled them out.”

A tech GC took a similar position.

“I don’t have a ton of work right now; I have work only with one of the firms, and it’s a very small project, but it’s highly sensitive. I can’t move it yet, but I will move it when I can, and for any new work, I absolutely will not send it to any of the firms that capitulated,” said one general counsel with expertise in tech, who would only speak under the condition of anonymity to protect client relationships.

Lawyers, both in-house and at other firms, are taking a keen interest in how other firms have responded to Trump’s demands.

“There’s a lot of spreadsheets being shared,” the tech GC said, containing data on “which firms have capitulated, which firms haven’t, and who are the partners to contact to put pressure [on] if you use the firm,” they added. “There was a lot of activism in the first few weeks.”

The public move by Microsoft is also a catalyst for others to make a change. Because, as the tech GC noted, though it’s “more of a struggle to move all your book of business away immediately, because you have relationships with those firms over a long period of time, and especially in corporate, it’s harder to move away.” But, “when somebody like Microsoft publicly does this, what it means is, if there is tension between the GC who wants to move work and the executive team who may not know or care, it gives the GCs evidence and backup. … It’s not just validating for me as a GC, it’s ammunition for me to go to my executive team and board and say, ‘no, this is a big deal, and even Microsoft is doing it.’”

Yeah, there’s just something about “actively volunteering the firm to an administration that is doing things that are inherently oppositional to the rule of law. … It doesn’t feel like a smart business move to associate ourselves with a firm that is donating its time to an administration that many find repellent,” as the energy GC said.

Turns out, bending a knee to a bully is also a bad business decision.

Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @Kathryn1@mastodon.social.

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Heartland Group Ventures and its affiliates took in investments from hundreds of investors promising to put the funds into new projects when, in fact, they were purchasing a plane, helicopter, a beach resort… basically throwing money everywhere except into the ground. The receiver of the defunct entity alleged that Locke Lord should’ve known what Heartland was up to and, had it acted on that knowledge, could have stanched the bleeding earlier.

Per the Receiver’s motion:

After reviewing these documents and researching the law, RCT concluded that there were potentially viable claims against Locke. Specifically, the Receiver is prepared to assert a claim alleging that Locke and its attorneys, as counsel to certain of the Heartland-Related Receivership Parties in connection with oil-and-gas offerings and the Commission’s investigation, knew or should have known that the Heartland-Related Receivership Parties were violating securities laws, were not in compliance with Commission regulations, and were using investor funds to make improper payments, including interest payments to prior investors with new investor funds, undisclosed payments to insiders, and commissions to unlicensed sales representatives. The Receiver would allege that, despite this purported knowledge, Locke, inter alia, negligently advised the Heartland-Related Receivership Parties to maintain the status quo, failed to properly advise the Heartland-Related Receivership Parties of their disclosure obligations to investors, failed to review offering and other key documents for legal compliance for the protection of investors, and failed to advise the Heartland-Related Receivership Parties to cease raising new funds and avoid incurring additional liabilities to investors. The Receiver contends that if the Heartland-Related Receivership Parties had received that advice, they would have stopped raising new funds and would have avoided various categories of damages, including the loss of money through illegal or improper out-of-pocket payments. All of the Receiver’s proposed claims against Locke are referred to as the “Alleged Claims.”

Locke Lord denies that this even amounted to a Ponzi scheme, much less that they contributed to it in any way, but settled in exchange for a release.

Locke Lord and Troutman Pepper are deep in merger negotiations. And nothing makes for an enjoyable merger chat more than the word “Ponzi” coming up twice in the matter of a week.

Texas law firm to pay $12.5 mln over ex-client’s alleged fraud [Reuters]

Joe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.

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Last month, in spite of the uptick in dealmaking, we expressed a bit of bearishness about the prospects for major mergers given the Biden administration’s growing opposition to them. Well, about that (and, indeed, more on the White House’s opposition later): Takeovers worth at least $10 billion more than doubled in the first quarter, including last week’s announcement that Home Depot would pay $18.25 billion for materials provider SRS Distribution, and Apollo Global Management’s $11 billion offer—which is far from certain to be accepted—for Paramount Global’s studio division.

“History shows we are in the early innings of a cyclical M&A rally,” Goldman Sachs’ Andre Kelleners told The Wall Street Journal. And the early days of the second quarter shows no sign that it’s slowing, and indeed quite the opposite: private-equity firm Silver Lake is taking talent agency Endeavor Group Holdings private at a $13 billion valuation. There are plenty of slightly smaller deals getting done, as well. Total dealmaking in the first quarter was $725 billion, a 24% jump from last year (including Apollo’s $8 billion deal for Credit Suisse’s securitized products group). Oilfield services company SLB kept the energy M&A space hot with a $7.75 billion bid for competitor ChampionX. Across the pond, Swisscom is paying $8.7 billion for Vodafone’s Italian business and actor Ryan Reynolds’ payment processor Nuvei will go private in a $6.3 billion deal with p.e. shop Advent International.

“Mega-deals are thriving,” Citi’s Tyler Dickson says, and law firms are staffing up for them: lateral partner hiring by the biggest firms, especially among corporate lawyers, was up about 20% in the first two months of 2024. And there should be plenty for them to do: clothing maker Gildan Activewear, boasting a roughly $6 billion market cap, is on the block; the Carlyle Group has cast its net for a stake in Thyssenkrupp’s marine unit and Unilever plans to spin off its Ben & Jerry’s ice-cream business. Medical-device maker Masimo is reportedly looking for a joint-venture partner with whom to split off its consumer side (an activist hedge fund—about which more later—is launching a proxy battle anyway), and WeWork co-founder Adam Neumann has offered $500 million for his former company. And, of course, there’s the prospect of a mega-mega deal, one that at its owner’s current valuation would be bigger than all of the first quarter’s mega-deals combined: that for TikTok, which depending on what the Senate and China do faces a possible ban in the U.S. if it’s not sold, possibly to former Treasury Secretary Steve Mnuchin, who doesn’t seem to be on any shortlists for his old job should his former boss get his old job back in January.

Of course, the surge in big deals is uneven, and one place where they aren’t thriving is in TikTok’s current home region of Asia-Pacific, where M&A fell 28% in the first quarter. The malaise is matched on China’s stock markets, where traders are having to make due with bubble-tea debuts as two more major initial public offerings have been pulled in recent weeks.

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One must go all the way back to 2008, however, to find the origins of the GOP mantra, “Drill, baby, drill.” It seems the phrase was coined by ex-Republican National Committee Chairman Michael Steele for the 2008 party convention. It was later popularized by 2008 vice presidential candidate Sarah Palin (who was probably more famous for, “I can see Russia from my house,” although it was Tina Fey spoofing her on SNL who uttered this memorable paraphrasing).

We are well into the second decade of Republicans repeating their “Drill, baby, drill” slogan. As professional defendant Donald Trump runs for president yet again in 2024, he is still using the phrase, and, of course, kind of claiming he invented it even though he very much did not.

Hold your horsepower though: some of you may remember that that big orange lunatic was already president, and had four years to implement his supposed drilling agenda. Did he follow through?

In a very out-of-character maneuver, sort of! The U.S. did indeed become the world’s top crude oil producer in 2018 during Trump’s presidential term. Domestic oil production went on to reach a record high in 2019.

Of course, Trump can’t legitimately take much credit for that. From 2009 through 2019, annual oil production went up nearly every year, mostly thanks to increasingly cost-effective drilling technology. Production also cratered in 2020 during Trump’s tenure, primarily because of the effects of the COVID-19 pandemic and falling demand. Domestic production dropped again in 2021, even as in both 2020 and 2021 the United States still pumped more oil than any other country in the world.

So, fine, maybe a president does not have very much direct control over oil output compared to technological advances and global market forces. Surely, however, there was a lot going on behind the scenes with the “Drill, baby, drill” president — indirect policy decisions which tangibly helped boost U.S. oil production, perhaps?

Well, if so, it turns out Trump cannot hold a candle to whatever Joe Biden is doing (though, please, for the love of God, ask the man who thinks maybe we should inject bleach into us to keep his candle as far away as possible from America’s massive ocean of crude oil). With an average of 12.9 million barrels produced per day in 2023, the U.S. shattered the previous oil production record of 12.3 million barrels per day set in 2019.

Early signs point to even more crude surging to the surface in 2024, with production in December 2023 reaching a monthly record high at over 13.3 million barrels per day. Growth in U.S. oil production is projected to slow somewhat in 2024 and into 2025, but when you’re growing from what is already a record high, any growth is going to set even more new records.

There are a handful of things an American president can do to tinker with oil production (thankfully starting a new war in the Middle East no longer seems to be one of them). For instance, a president can approve well permits for oil and gas drilling on federal land. By that measure, Biden has approved nearly 50% more such permits than Trump did in his first three years.

Really, though, how much oil gets drilled is a lot more about how much petroleum we are all using than about whatever the president is doing. If you want to dispense blame or claim credit, depending on your perspective, for the recent surge in U.S. oil production, the best place to look is in the mirror.

In the meantime, recognize that Trump saying, “Drill, baby, drill,” is just another small addition to the constant gusher of lies erupting from his mouth. Trump both had less domestic oil production during his term than has Biden, and demonstrably did less to promote oil production on federal lands during his term than has Biden. Stick that in your tailpipe and smoke it.

Jonathan Wolf is a civil litigator and author of Your Debt-Free JD (affiliate link). He has taught legal writing, written for a wide variety of publications, and made it both his business and his pleasure to be financially and scientifically literate. Any views he expresses are probably pure gold, but are nonetheless solely his own and should not be attributed to any organization with which he is affiliated. He wouldn’t want to share the credit anyway. He can be reached at jon_wolf@hotmail.com.

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Break out the champagne: The S&P 500 closed above 5,000 for the first time ever. With stocks on a tear, expect more record highs ahead.

Falling inflation certainly has something to do with soaring stock prices. The annual inflation rate came in at just over three percent, a deceleration since December but still above economists’ forecasts of 2.9 percent. Inflation has not been below three percent since March of 2021.

Steady progress notwithstanding, the Fed’s inflation fight is far from over. Fed Chair Jerome Powell said there will “probably not” be an interest rate cut in March, and markets are pricing in a 94 percent chance that rates will remain unchanged next month.

Deals abound in the U.S. energy industry. Companies are consolidating in the Permian Basin in West Texas and New Mexico. The latest example: Endeavor Energy Partners is being acquired by oil producer Diamondback Energy in a $26 billion cash-and-stock deal. The combined oil and gas company will be the third largest in America’s most productive shale oilfield, behind only Exxon Mobil and Chevron.

JetBlue Airways might have had its proposed merger with Spirit Airlines smacked down, but don’t count the scrappy airline out yet: Its shares spiked by more than 15 percent when activist investor Carl Icahn revealed his 9.91 percent stake. Calling the stock “undervalued,” Icahn plans to continue discussions with the company about the possibility of board representation.

Few would accuse chip maker Nvidia of being undervalued, with the company’s share price more than quadrupling over the course of the last 15 months as AI fever grips the investing public. Nvidia’s semiconductor technology powers the most prominent examples of generative AI, and on February 12, the company’s market capitalization rose to $1.83 trillion, making it more valuable than Amazon and Google parent Alphabet. Among publicly traded companies, Nvidia just became the fourth most valuable, behind only Microsoft, Apple, and Saudi Aramco.

I suppose how broadly one defines artificial intelligence is to an extent a matter of opinion, but the market doesn’t seem to gauge a vacuum cleaner that can drive itself around your house as worthy of AI-craze level valuations. 2024 continues to be a rough year for iRobot, maker of the Roomba. Its stock remains in a prolonged slump after Amazon’s $1.4 billion deal to acquire iRobot fell through because of resistance from European antitrust regulators. If your vacuum cleaner does become self-aware and decides to take its revenge, do drop me a line – I have some experience in this area.

Finally, in lighter news, there is a confirmed case of human bubonic plague in Oregon. Officials assure us that the illness was caught early and there is “little risk to the community,” but if you needed another reason to become a dog lover, it appears that the unfortunate victim was infected by a feline companion.

Jonathan Wolf is a civil litigator and author of Your Debt-Free JD (affiliate link). He has taught legal writing, written for a wide variety of publications, and made it both his business and his pleasure to be financially and scientifically literate. Any views he expresses are probably pure gold, but are nonetheless solely his own and should not be attributed to any organization with which he is affiliated. He wouldn’t want to share the credit anyway. He can be reached at jon_wolf@hotmail.com.

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.

But, if you’ve managed to stick it out, boy oh boy has it been worth it.

This year, one oil trader scored a $5 million signing bonus after joining a multi-strategy hedge fund. It’s far from the only massive number. Signing bonuses in the $1 million to $5 million range are becoming more common, though higher payouts are seen only in exceptional cases.…

The jump in activity is translating into much bigger bonuses for traders as the end of the year approaches…. In a rising number of instances, traders have been getting offers and then receiving counter-offers just as they’re about to join a new firm, headhunters said….

Even at Wall Street banks, which are contending with a slump in dealmaking, commodities traders have been somewhat insulated from the steep bonus cuts investment bankers are facing…. Hedge funds are offering about 20% to 30% of profits as a bonus, nearly double what commodity merchants typically provide, according to headhunters.

Hedge Funds Lure Oil Traders With Seven-Figure Signing Bonuses [Bloomberg]

Industry experts expect that year-end incentive compensation will drop by double digits for many financial services professionals after a year of challenging market conditions.

Those dire predictions of August are freezing into place: Underwriters will have to make due with up to 45% less this holiday season. Asset managers will be down by as much as a quarter. Advisory siders by a fifth. Private equity folks by 15%.

That is, unless you’re good at your job. Or have the right one.

[SloanKlein Associates’ Sloan Klein] noted that “a lot of middle market firms are having a good year,” which translates into better year-end bonuses. The same goes for some credit managers in the hedge fund space.

According to the Johnson Associates’ data, macro hedge fund employees and sales and trading workers at fixed income managers could see a year-over-year improvement in bonus pay of 15 to 20 percent.

“These are hard times, but the traders are making money because now we’ve got volatility,” said recruiter Charles Skorina by phone. “Good traders make money.”

For the mediocrities among you—those lucky enough to still have a job come bonus season, anyway—there is good news: Help is coming to cover those 30% higher heating bills. Not a lot of it, but some.

“We’re seeing salary pools increasing by 4 to 5 percent for next year, which is even higher than the 3 percent historical norms as firms kind of look to battle inflation,” [Johnson Associates vice president Chris] Connors said.

Year-End Compensation for Financial Pros Could Drop by Double Digits, Experts Say [II]

Britain needs a boost. And said fearsome leader Liz Truss’ new Chancellor of the Exchequer knows just who ought to do it.

Kwasi Kwarteng, chancellor, is seeking to scrap Britain’s cap on bankers’ bonuses, introduced after the 2008 financial crash, in a controversial move to boost the City of London’s global competitiveness…. The cap has been a particular annoyance for US investment banks that employ tens of thousands of staff in London. Wall Street typically includes large elements of annual performance-related bonuses and lower fixed salaries in its pay packages.

One wonders whether Kwarteng’s planned package of City reforms—grandly labelled “Big Bang 2.0,” after the 1980s City deregulation, to boost their Thatcherian cred—will include votes for those U.S. investment banks to offset the toxic image of giving bankers a potentially inflation-boosting raise amidst a cost of living crisis. Perhaps a revived set of rotten boroughs controlled from New York and Hong Kong to give the ruling Tory Party a fighting chance at the next general election, where they seem doomed on account of policies like this one. Because they sure don’t seem particularly popular among those they’re ostensibly designed to help—something that even the late and unlamented Boris Johnson seemed to realize.

Mindful of such criticisms, bankers have quietly lobbied to ease a levy on their balance sheets and a surcharge on their profits, a more difficult step for a cash-strapped government…. Scrapping the cap could prompt the EU to accelerate efforts to force euro financial business to move away from London.

"This should in the long run boost competitiveness for hiring in London versus Europe or the U.S., although it would be more of a minor positive than a key differentiator," said Stephane Rambosson, CEO of Vici Advisory which specialises in hiring senior investment bankers…. Banks have increased fixed pay which would be difficult to reverse, while changing the tax structure can be done pretty much overnight, the source added. What is more, scrapping the cap does not help the industry's public reputation because it brings back post-financial crisis images, the source said.

Kwasi Kwarteng seeks to scrap bankers’ bonus cap to boost City of London [FT]
Bankers wary of backlash if Britain ditches bonus cap to cut EU ties [Reuters]
Britain’s Spending and Tax Cut Plans Worry Investors in Its Debt [NYT]

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JPMorgan Chase CEO Jamie Dimon told President Biden the White House needs to create a “Marshall Plan” to develop more domestic gas and other energy resources…. Dimon told the president and his top economic aides additional gas production is needed both for Europe and America's energy security…. He is calling for more liquified natural gas facilities in Europe, reduced reliance on Russian imports and investments in new technology — like hydrogen and carbon capture.

Jamie Dimon pushes Biden for domestic energy "Marshall Plan" [Axios]

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Benchmark Brent crude briefly surged almost 20% in early trading before settling to 10% higher, up $6 to $66.28 per barrel, according to The Associated Press. The U.S. benchmark West Texas crude was up 9%.

The increase, which follows drone attacks on Saudi Arabia's Abqaiq oil processing plant and Khurais oil field, marks the single-largest daily surge in crude prices in years.

The loss of the 5.7 million barrels of Saudi crude production represents the largest such disruption on record, according to figures from the Paris-based International Energy Agency.

The Saudis will take weeks to get production ramped back up, meaning that one of the world's most important commodity markets will be in real flux, creating more uncertainty as the Trump administration still tilts towards its Chinese windmill and the bond market shits its pants. Not to mention that everyone is pretty much assuming that Iran is very much involved in these strikes, we have something of a burgeoning geopolitical crisis on our hands. 

Now, our president is not one to let the markets feel spooked, so what is the play to keep everyone calm? Why put Rick Perry on CNBC of course...

U.S. Secretary of Energy Rick Perry said a coalition of countries is needed to address Iran’s “malign activity.”

“It is a time for a coalition of tame and thoughtful energy-producing and energy-consuming countries to come together and put a stop to Iran’s malign activity,” Perry told CNBC’s “Squawk on the Street” on Monday.

That's right, the current Energy Secretary, and former 12th place finisher on "Dancing with the Stars," is all over this, you guys. So just keep trading equities like the most stabilizing forces in the oil market aren't literally burning right now in a kingdom run by a man who has spent the majority of his waking hours trying to provoke the west into open conflict with Iran...

We are setting our watch and predicting that it takes about 36 hours for Trump to blame this whole thing on Jay Powell.

Oil Prices Jump Following Drone Attack On Saudi Oil Facilities [NPR]

Energy Secretary Perry expects a ‘coalition effort’ to put a stop to Iran’s ‘malign activity’ [CNBC]

Take, for instance, this flawless moment from the WSJ in a story about disgraced former Enron CEO Jeffrey Skilling getting out of prison after a dozen years or so and already looking to start a new business:

The exact nature of the project is something of a mystery, with the people briefed saying it was at an early stage. Some of those who have met with Mr. Skilling have signed nondisclosure agreements, the people said. Several described it as a digital platform connecting investors to oil and gas projects.

Mr. Skilling has met with individuals who specialize in cryptocurrency, blockchain and software development in recent weeks, two of the people said.

Oh...god that's good.

The architect of a $74 billion fraud that shook the foundations of the economy at large and became the poster boy of American avarice [pre-2008 edition] and is banned for life by the SEC from ever serving as a director or executive at a public company, is reportedly intrigued by crypto.

Because, of course he is.   

We don't even need to say the obvious here, because the WSJ got a guy to do it for us:

Peter Henning, a professor at Wayne State University Law School who earlier served as a prosecutor at the U.S. Department of Justice, said that Mr. Skilling’s energy expertise could appeal to investors so long as the business venture doesn’t violate the terms of his SEC judgment. He added that focusing on newer investment platforms such as cryptocurrency could prove ideal for a second start.

“It’s an area without a long memory,” he said. “In the cryptocurrency space, no one is going to care too much about Enron.”

We cannot stop smirking.

Ex-Enron CEO Skilling Plans Second Act [WSJ]

Federal Reserve Chairman Jerome Powell is testing the economy’s room to run. It’s a strategy that contains both big benefits and risks for ordinary Americans and is causing excitement, tinged with caution, inside the central bank.

Take Fed treatment of one of its bedrock conceptual benchmarks, a rate of unemployment that keeps inflation stable. In June, they estimated that level at 4.5 percent. Unemployment in May was 3.8 percent. Yet with no sign of price pressures, policy makers plan to let the labor market run even hotter, with the jobless rate projected at 3.5 percent over the next two years.

Macquarie launches green infrastructure bank GIG in North America [Reuters]

GIG was originally the Green Investment Bank, created by the UK government in 2012 as the world’s first bank dedicated to supporting green infrastructure schemes. It was sold to Macquarie Group (MQG.AX) in 2017 for 2.3 billion pounds ($3.02 billion).

Having expanded into Europe and, most recently, Asia, GIG will now operate in the United States and Canada, aiming to finance the development of renewable energy schemes, as well as structuring numerous smaller projects into larger investments that can be sold to institutional investors.

Billionaire Koch network to unleash attack ads targeting senators who voted against Trump's spending cuts [CNBC]

Heitkamp, Donnelly, and McCaskill are in races that are considered toss-ups by Larry Sabato’s Crystal Ball, while Baldwin and Tester are in states marked as leaning Democrat.

The bill failed to pass through the Senate by 50 to 48.

“The failure to cut less than a half a cent from every federal dollar spent is indicative of a rampant overspending problem that unfortunately often has bipartisan support, Americans for Prosperity spokesman Bill Riggs said in a statement. “If these senators couldn’t even bring themselves to cut a sliver of unspent or expired funds, how can anyone expect them to take on our larger fiscal challenges?”

Move Over FANG: Energy Topples Tech as Top Sector [WSJ]

Oil prices have jumped amid signs of falling global supply. This week’s move higher in crude comes after an Organization of the Petroleum Exporting Countries’ agreement on Friday to increase global production by an amount below what many expected. The decision sent oil prices surging, up 6.1% over four days. Harsh rhetoric from the Trump administration on Iran sanctions and a surprising drop in U.S. crude inventories this week also lifted prices, while production from Venezuela has been plummeting for months as the country sinks deeper into economic turmoil.

Families earning $117,000 now qualify as "low income" in California's Bay Area [CBS]

CBS News went to see California's red-hot housing market with realtor Larry Gallegos. He showed us a house you would think he couldn't give away. But Gallegos says the home, complete with leaks in the roof, sold for $1.23 million. The buyer beat out six competing offers, all above the asking price.

If you're Elon Musk, you stare irony dead in the eye and do this:

Tesla announced new versions of its Model S sedan and Model X crossover Tuesday, with substantially faster acceleration and longer battery range.
Tesla claims its Model S P100D with Ludicrous mode is the fastest production car in the world, in terms of acceleration, with a 100 kilowatt hour battery, with a 315 mile EPA range.

So take that, SolarCity whiners and pissy Tesla investors, you think Elon is acting crazy? He's acting LUDICROUS!

And it's just this kind of crazy that Elon Musk believes is going to solve everything!

"I think this is going to send a great message to the public that sustainable transport is the future," Musk said.

And being part of the future is expensive.

The Model S will start at $134,500 and the Model X will start at$135,500.

Ludicrous Mode indeed. But wait until you hear why Elon thinks the premium pricing is actually a deal.

"It is a very expensive car," Musk said,"but it is important to bear in mind that this is what is paying for the Model 3" both in terms of cash flow, and in terms of research and development.

With a consumer sales pitch like this, Elon is wasting his time running a car company/solar panel concern/space rocket manufacturer.

Homeboy should be saving Macys.

Usually we'd use this space to tell you what Tesla's stock price is doing but this is an Elon Musk post, so just picture a curvy, undulating line with questions mark circling around it and a war-painted Jim Chanos dancing angrily around fire on the end of it.

Tesla’s new Model S sedan aims to prove that electric cars can be hot rods [CNBC]

The Tragedy In Orlando: The Legal Community Responds Above The Law

Rite Aid Picks Up Bankrupt HealthSpot’s Assets For Just $1.15M MedCity News

Infrastructure – An Investment In People Breaking Energy