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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

TESLA PROPOSES MUSK PAY PACKAGE WORTH AS MUCH AS $1 TRILLION OVER DECADE

Tesla's board is asking investors to approve a pay package that could deliver Elon Musk as much as $1 trillion in stock over the next decade. The deal would allow Musk to receive installments of shares if Tesla hits a series of market capitalization and business milestones. The maximum payout would give him an additional 12% stake in Tesla, but the company would have to reach a market value nearly eight times its current valuation. The unprecedented pay package is aimed at keeping Musk focused on the company.

BITCOIN STAYS BELOW $112K AFTER TOUGH JOBS REPORT AND FED CUT BETS

The August US jobs report revealed only 22,000 job additions versus 75,000 expected, pushing Fed rate cut probability to 100% for the September 17 meeting, yet Bitcoin failed to capitalize on this typically bullish macro development and remains below $112,000. Technical analysis shows BTC has confirmed a bearish double-top breakdown below the $111,982 neckline, with the next support level at $101,700 around the 200-day moving average. Despite impending rate cuts, analysts warn that Treasury yield volatility could increase, potentially creating financial tightening conditions similar to late 2024 when the 10-year yield actually rose from 3.6% to 4.8% even as the Fed cut rates. The upcoming August CPI data next week is expected to show continued inflation stickiness at around 2.9% year-over-year, which could limit the downside in Treasury yields and maintain pressure on risk assets like Bitcoin.

EVERYTHING APPLE PLANS TO SHOW AT TUESDAY'S ‘AWE DROPPING' IPHONE 17 EVENT

Apple plans to announce its next-generation iPhone lineup, new smartwatches, and other peripherals at a product launch event tomorrow. There will be four new iPhone models, including what will likely be called the iPhone 17 Air, a model approximately one-third thinner than the iPhone 16 Pro. It will have the same A19 processor as the iPhone 17, but can only support eSIMs due to its thin frame. More about what to expect from tomorrow's event is available in the article.

HOPE FOR DIABETES: CRISPR-EDITED CELLS PUMP OUT INSULIN IN A PERSON – AND EVADE IMMUNE DETECTION

Sana Biotechnology, a firm in Seattle, Washington, has successfully implanted CRISPR-edited pancreas cells into a person with type 1 diabetes without the need for immune-dampening drugs. The cells, collected from a deceased donor, were able to produce insulin for months. Currently, the only way for someone with type 1 diabetes to avoid dependence on injected insulin is through the transplantation of cadaveric islet cells, but this requires lifelong immune-suppressing drug therapy. Sana's solution bypasses the need for those drugs entirely.

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