approving the with shareholders approving the compensation. the bbc lily jamali told me about the background. jamali told me about the background.— jamali told me about the background. this was a pay acka . e background. this was a pay package worth _ background. this was a pay package worth $56 - background. this was a pay package worth $56 billion l background. this was a pay - package worth $56 billion which as you noted it would have been the largest pay package ever for a ceo of a publicly traded company. it was contingent on elon musk, the head of tesla, meeting certain targets having to do with sales and revenue and the like. those billions of dollars were in stock options. today they are worth quite a bit more than 56 billion, closer to about 100 $11 and this ruling today from the chancellor catherine mccormack reiterates a ruling from at the start of the year injanuary when she found this pay package is excessive and not only that, the board of directors at tesla is not sufficiently independent to approve it, that people on the board have personal and business relationships with elon musk. to give you an

example, his brother kimball is on the board, james murdoch, son of rupert, is on the board. injune elon musk and tesla put this to shareholders who approved this pay package but the chancellor saying that simply is not enough, reiterating that early decision and one argument we saw from shareholders is they were not told how easy or hard it would be for elon musk to meet those original targets. when they voted she effectively sided with them once again today. staying in the us and intel ceo pat gelsinger has been forced out after less than four years in charge. in a statement, the chip maker said gelsinger had retired from the company with immediate effect. he led aggressive efforts to turn around intel for more than three years. for more on this, let's cross to new york and the bbc�*s ritika gupta. the intel ceo was forced out after the board lost confidence in his plans to turnaround the

iconic chip maker. there will be two interim co—ceos until the company finds a permanent replacement. the shares initially got a boost from the news on monday. intel shares are still down 50% this year. he was hired in 2021 to lead an ambitious comeback. that did not happen and in fact intel fell further behind its rivals with strategic missteps and missing out on the ai boom. he wanted to take intel beyond its traditional strength of making pc and server processes to build a foundry business manufacturing chips for other companies. he also laid out a plan to expand their factory network but this was all very costly and shareholders ultimately got frustrated losing money and ran out of patience. his departure could lead to dramatic strategy shifts, for instance, one of the biggest challenges they faced was breaking into the ai market and competing with nvidia with new product so that is likely to be a key focus. it will also be as set for

president biden�*s chipset, and the intel ceo was a big supporter to build the nation's semiconductor industry. ultimately, who replaces him will face the same problems he was brought in to fix and finding someone to take the hotseat may not so easy. we're entering the final month of 2024, and this year, some of the major themes that have impacted markets are interest rates, and tech sector developments. the s&p and dowjones closed at a record highs on friday, managing six straight weeks of gains. these indexes have been lifted by tech stocks, particularly chipmaker nvidia, which was included in the dowjones index in november. the financial sector has also been in focus, with the fed cutting rates this year, starting in august. for a closer look at what the rest of the year could look like and the markets trend for 2025, let's bring in mitul kotecha, an expert on financial markets. great to speak to you about this as we close out the year. are you expecting the markets to finish strong and for that

to finish strong and for that to carry on into 2025? it looks that way- _ to carry on into 2025? it looks that way. risk _ to carry on into 2025? it looks that way. risk appetite - to carry on into 2025? it looks that way. risk appetite is - that way. risk appetite is firm. it looks like the trump trade has rejuvenated risk assets as we have had one of 5a straight s&p record high, we have had a generally us assets doing very well and what is happening here, it does seem to be, is a flood of money pulled out of assets globally into the us and given we have so many global risk factors, geopolitics, worries about tariffs etc, the fact we have still got risk assets doing pretty well is quite incredible here but it does look like the trend continues into year end and the dollar also looks like it will continue to have a very firm tone as we go to the next few months and that potentially is likely to carry on into next year. a lot of this is these markets are bullish about tax cuts and fiscal spending in the us and probably ignoring the negative impact of tariffs and potential inflationary threat

they may cause. i potential inflationary threat they may cause.— potential inflationary threat they may cause. i want to get our they may cause. i want to get your thoughts — they may cause. i want to get your thoughts are _ they may cause. i want to get your thoughts are on - they may cause. i want to get your thoughts are on tariffs . your thoughts are on tariffs and a bit at first about the federal reserve. a senior official says progress on curbing inflation may be stalling. curbing inflation may be stallinu. curbing inflation may be stalling-— curbing inflation may be stallinu. , . ., curbing inflation may be stallinu. , . stalling. do you expect a cut? are callers — stalling. do you expect a cut? are callers for _ stalling. do you expect a cut? are callers for a _ stalling. do you expect a cut? are callers for a cut _ stalling. do you expect a cut? are callers for a cut next - are callers for a cut next month and a further two cuts next year from the feds. in that our call is. ultimately the fed may look closely at this week's jobs data. we are forecasting a 275,000 increase in non—form payrolls but if we see a much stronger release, we may see the fed use that as a rationale to pull, so a close call but we continue to think there is still room to cut rates, at least at this meeting and may be pause for a little while after that, but what is happening here is the fed has moved to a more gradual pace of reduction policy rates after that first 50 basis point cut that first 50 basis point cut that we saw and the data remains fairly firm, so no real

sharp or strong need for the fed to be too aggressive about monetary easing. last question for ou, monetary easing. last question for you. the _ monetary easing. last question for you, the outlook _ monetary easing. last question for you, the outlook on - monetary easing. last question for you, the outlook on china. i for you, the outlook on china. you mentioned tariffs, incoming from the trump administration. that's right. china policy we saw in the meeting in november was a little disappointing, markets had expected more, but what we think is happening is chinese officials are waiting to see the contours of us trade policy going forward. if we see the potential or 60% tariffs implemented, it could mean china wraps up fiscal stimulus and also in our view potentially depreciates the values of the currency to compensate for the impact of tariffs being implemented but our base case is probably somewhere near 30% tariffs but it could still be significant from a chinese trade perspective.- from a chinese trade --ersective. ~ ., perspective. we will leave it there. thanks _ perspective. we will leave it there. thanks for _ perspective. we will leave it there. thanks for your - perspective. we will leave itj there. thanks for your time. perspective. we will leave it - there. thanks for your time. we appreciate it. jaguar has revealed a new vehicle design

and direction. it released an iconic car in miami. it comes weeks after they released a flamboyant video which went viral. the video faced a backlash with many critics pointing to the fact it did not feature an actual car. others praised the company for being bold and shaking things up. the us has launched another crackdown on china's semiconductor industry — this time targeting chip toolmakers. the new measures curb exports to 140 chinese companies in an effort to limit beijing's ability to produce chips that can advance the military�*s use of ai. this is the third major clampdown by the biden administration in three years and comesjust weeks before president—elect donald trump comes into office with the new administration set to continue with measures targeting china. shares of supermicro computer surged nearly 30% on monday after an independent committee found no evidence of fraud or misconduct from the company's management. the ai server maker was

the subject of an investigation after concerns were raised over its governance and transparency. the review recommended that the company should replace its current chief financial officer with that process now under way. 30 years ago today the first ever playstation hit shelves, revolutionising gaming. it also marked sony's entry into an arena many initially thought were just for kids. my colleague mariko oi takes a look at sony's playstation history. when the original playstation went on sale 30 years ago, sony exceeded its target quickly. it redefined gaming hardware because it was one of the first publicly available introductions to 3d gaming. it also expanded the appeal of gaming to a broader audience. then came the playstation two launched a six years later. it became the best selling game

hardware of all time, 160 million consoles flew off the shelves. fast forward to today wear on to the playstation five that a lot has changed with increasing popularity of mobile gaming and there as competition from the likes of xbox and steam deck and game publishers like —— are expanding their offerings to personal computers which means owning a console is less important than 30 years ago. less important than 30 years auo. less important than 30 years aio, , ., , ago. the strategy from their persoeetive _ ago. the strategy from their persoeetive is _ ago. the strategy from their perspective is not _ ago. the strategy from their perspective is not just - ago. the strategy from their perspective is notjust about making money, on the hard way, on the software they sell and through their storefronts and everything, so i think there is a significant commercial opportunity for sony and playstation in the business. but he adds there is a looming risk of tariffs with the incoming administration in the united states because many gaming consoles are produced in china. in the past companies like sony have argued they should be exempt, but if the price of consoles were to go up because of the trade war, it could have an impact on playstation sales in the united

states and it is an important market for console makers. and that's it for this edition of business today. thanks for watching. i will see you again soon.

hey, iam here hey, i am here with a catch up. tonight not so a talent hero, pesticide and rivers and a 17 year makes history. president joe biden has been criticised by his political rivals for pardoning the crimes of his son, hunter, something president biden had said before he would not do. some of those convictions include not paying some taxes and owning a gun he should not have. some other stories now. turns out some italian tomato puree might not be as italian as the name suggests. instead, it might be made from tomatoes grown and picked in china using forced labour. 17 items sold at well—known supermarkets in the uk and germany are likely to contain this chinese produce stop every supermarket whose

products were tested by the bbc these findings. these harming chemicals have been found at brazil. you are all caught up now. have a great nig harming these findings. these harming chemicals have been found at the majorities of english the majorities of english rivers, seas and lakes tested rivers, seas and lakes tested by the environmental law —— by the environmental law —— watchdog. ——be harming. there watchdog. ——be harming. there is now an investigation into is now an investigation into whether that was the right whether that was the right thing to do. and are you thing to do. and are you spending hours scrolling spending hours scrolling mindlessly on socials? you mindlessly on socials? you might be suffering from brain might be suffering from brain rot. it has been chosen as a rot. it has been chosen as a oxford university press's word oxford university press's word of the because we are using it of the because we are using it more to describe watching lots more to describe watching lots of low online content. time now of low online content. time now for ten seconds of wing filing, for ten seconds of wing filing, a water sport with a sale is a water sport with a sale is not attached to the board. not attached to the board. 17—year—old thomas landed the 17—year—old thomas landed the first ever double black flip first ever double black flip scoring a perfect ten in scoring a perfect ten in brazil. you are all caught up brazil. you are all caught up now. have a great night. now. have a great night.

hello and welcome to sportsday, i'm gavin ramjaun. a bright start or a ruud awakening what's in store for leicester's new manager. van nistelrooy prepares for his first game in charge. manager leny yoro could make his manchester united debut against arsenal in the premier league on wednesday. the rise and rise of abbi pulling. we speak to the newly crowned f1 academy champion hoping to be the first woman to make it onto a formula one starting grid in 50 years.

hello and welcome along. it's over eight years since leicester city's fairytale premier league title. plenty has happened at the club since then, not least relegation and promotion. a third of the way through their return to the top flight, they're just above the relegation zone. the hope is new manager ruud van nistleroy can turn their fortunes around, having replaced steve cooper. john he takes charge of his first game tomorrow night, at home to west ham, and spoke to the media for the first time as boss today. adam cottier reports. ruud van nistelrooy sat alongside lester's own in the stand to watch them lose 4—1 on saturday, a result that left leicester players in a dark place according to defender conor cody. two days on the new man in charge warmly greeted members of the media at his

first press conference before