Good Morning Trailblazers,
$56 billion pay package is creating lots of noise in the Silicon Valley and Elon wants the pay day. Who wouldn’t when the payday is in the billions..

IN TODAY’S ISSUE:

• Bridging borders between US and Canada.

• Elon Musk’s $56 billion pay package dilemma.

• Apple is launching its own Passwords app.

• Robinhood acquires Bitstamp for $200M.

• 5 tools to boost your productivity.

ECONOMY

🇨🇦✖️🇺🇸 Bridging borders between US and Canada

The Gordie Howe International Bridge, connecting Ontario and Michigan, is set to bridge its final 11-meters gap by the end of June.

About the bridge: 2.5-kilometre bridge will soon span the Detroit River, enhancing the flow of goods and people.

The $6.4-billion project, funded entirely by Canada, will double the region's cross-border traffic capacity with six lanes.

Why it matters: This monumental project signifies a new era of connectivity and economic integration between Canada and the U.S., it will save truck drivers 850,000 hours per year.

GLOBAL

🤑 Elon Musk’s $56 billion pay package dilemma

Tesla board chair Robyn Denholm warns that rejecting Elon Musk's $56 billion compensation package could drive the CEO to pursue other ventures.

What’s happening?
Shareholders will vote on June 13th to approve Musk's pay, following a previously voided vote. Tesla board chair Robyn Denholm warns that without proper motivation, Musk could shift his focus to other ventures.

Musk wants more control over Tesla, hinting at spinning off its AI division if demands aren't met.

How this impacts Tesla: Musk's potential departure poses significant risks for Tesla, and this vote will shape the future direction and stability of the company amidst Musk’s numerous commitments.

💳️ eBay will not accept American Express cards anymore

Starting August 17th, eBay will no longer accept American Express payments due to "unacceptably high" transaction fees.

The E-com platform will continue to accept Visa, Mastercard, Discover, PayPal, Apple Pay, Google Pay, and Venmo.

📱 Best Buys ends Samsung repair program

Best Buy’s Geek Squad is discontinuing its Samsung authorized service provider program, ceasing in-store repairs with genuine Samsung parts. Best Buy stores will only service Samsung phones bought at Best Buy under Geek Squad insurance.

APPS

🔐 Apple is launching its own Passwords app

Apple is reportedly introducing a standalone password manager app called Passwords at its upcoming Worldwide Developers Conference.

The features:

• The app will sync across iPhone, iPad, Mac, Vision Pro, and Windows PCs.

• Generate and store passwords, similar to LastPass and 1Password.

• It will include autofill for usernames and passwords, and creating authentication codes.
  

CRYPTO

💰️ Robinhood acquires Bitstamp for $200M

Robinhood is set to enhance its cryptocurrency presence by acquiring global crypto exchange Bitstamp for $200 million, with the deal expected to close in the first half of 2025.

Background: Bitstamp, founded in 2011 and one of the oldest crypto exchanges, will bolster Robinhood's crypto and international expansion.

The big picture: Robinhood launched stock trading in the UK last November and crypto trading in the EU soon after.

Robinhood’s Q1 2024 report shows a 16% increase in monthly active users and a 40% revenue rise to $618 million, with crypto income up by 232%.

PRODUCTIVITY

5 Tools to Boost Your Productivity

1. 🧪 Quiz Gecko AI online test and quiz maker.

2. 🦾 Fine Tuner Build AI agents at scale.

3. 🧑‍⚖️ AI Lawyer Personal AI lawyer at your fingertips.

4. 🎥 Munch Extract the most engaging and impactful clips from your long-form videos.

5. 📝 PDF AI Chat with any document.

FEEDBACK

If you have any specific feedback or anything interesting you’d like to share please let us know by replying to this email.