Bloomberg Daybreak: Europe Edition
Tech Disappoints, Musk's $55bn Pay Package Voided & Europe's $2.6bn Dirty Habit
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Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
Microsoft and Alphabet, two rivals in AI software and cloud computing, delivered mostly good news in their reports, but still elicited a ho-hum from investors.
Elon Musk's $55 billion pay package at Tesla has been struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk's wealth and put the fate of his companies in question.
UBS cut a group of senior bankers as the financial giant reduces its headcount following last year's takeover of former rival Credit Suisse, according to people with knowledge of the matter.
The Federal Reserve will likely hold interest rates steady for a fourth straight meeting but avoid signaling an imminent interest-rate cut.
A $2.6 billion experiment aimed at making a tiny fraction of Europe's industrial pollution disappear is getting a big boost from Germany
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