☕️ Musk's trillion-dollar pay package

How are all our moustaches going for Movember?

In case you need a reminder, this is a month dedicated to the growing of moustaches to raise awareness and change the face of men's health. You can learn more about the month here.

And don’t forget to compliment the men on their moustaches - just tell them they’re looking fab-tash-tic.

“If we had our time again, that rally wouldn’t have taken place.”
NSW Premier Chris Minns, speaking over the weekend, after a neo-Nazi rally was permitted to take place on Saturday morning outside NSW Parliament. About 60 men attended the rally organised by the National Socialist Network, chanting antisemitic slogans. NSW Police Commissioner Mal Lanyon said a “breakdown in communications” meant the protest was approved without the state government or senior police leaders being briefed. Minns said the rally was a “shocking display of hatred, racism and antisemitism”, and ordered a review of police processes that led to the approval of the gathering.

$4 billion
The amount of money the illegal tobacco industry costs the Federal Government each year, according to the Australian Criminal Intelligence Commission. The Government charges a tax on tobacco, called an excise. In 2023/24, the Government lost $3.3 billion in excise revenue from illegally sold tobacco.

1969
American children's TV show Sesame Street debuted on television. It went on to be one of the most popular children's TV shows. It was televised in over 120 countries and first aired in Australia in 1971.

Tesla shareholders have approved a trillion-dollar compensation package for CEO Elon Musk.

At the company’s annual general meeting, 75% of voting shareholders supported the proposal.

To receive the full award, Musk must meet a set of milestones over 10 years, including growing Tesla’s market value to around 7 times its current size.

The award would be paid through an increase in the company's shares, not in cash. This means its actual value is to be determined.

To receive the shares, Musk would need to grow Tesla’s market value to $US8.5 trillion ($AU13.1 trillion). It is currently valued at $US1.4 trillion ($AU2.1 trillion).

As CEO, he must also increase car production and sales, including delivering 20 million Tesla vehicles, and ensuring at least one million Tesla self-driving ride-share vehicles are in operation.

Bloomberg’s Billionaires Index lists Musk as the world’s richest man, with a net worth of $US461 billion ($AU711 billion).

The proposal comes as the board’s previous compensation agreement remains tied up in a legal battle.

A court in the U.S. state of Delaware, where Tesla is registered, sided with a shareholder who argued a proposed pay package of $US56 billion ($AU86 billion) was excessive. Musk is currently appealing the ruling.

Reporting by Achol Arok.

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Tasmania will pay financial compensation to people convicted under historic laws criminalising homosexuality and ‘cross-dressing’. It is the first Australian state or territory to do so.

The bill passed the Tasmanian Parliament with unanimous support last week.

Tasmania decriminalised homosexuality in 1997, the last state to do so.

Prior to that, men in same-sex relationships could face up to 21 years in prison — the harshest penalty in the Western world at the time. The law did not apply to women.

Approximately 100 men were convicted for “unnatural sexual intercourse” and “gross indecency” from the 1940s to 1984. No men were prosecuted for these crimes from 1984 to 1997. It is unknown how many more were charged.

Tasmania was also the only Australian state to criminalise cross-dressing, a law that remained in place until 2001.

Until that point, the state’s Police Offences Act said it was against the law for “a male person” to “be in any public place at any time between sunset and sunrise, dressed in female apparel”.

Equality Tasmania spokesperson Rodney Croome said this law was used against transgender women.

In 2017, Tasmania began allowing people to apply to have charges and convictions for these offences removed from their records. The policy did not include financial compensation.

In 2020, the State Government commissioned an independent review of the legislation.

The reviewers recommended adding a compensation scheme “to send a compelling message that the state is serious in its commitment to remedy”.

Under the new scheme, eligible people will automatically receive payments when their historical charges or convictions are successfully removed:

Deputy Premier Guy Barnett said the changes demonstrate the State Government’s “commitment to right the wrongs of the past.”

Croome welcomed the reforms, noting many victims of the discriminatory laws lost jobs, housing, friends, and family, with some forced to leave Tasmania permanently.

“This reform will provide victims with financial redress for their trauma, as well as knowledge the state that once persecuted them now cares about what happened to them,” he said.

Croome called on other Australian states and territories to implement similar compensation schemes.

QLife: 1800 084 527

Reporting by Elliot Lawry.

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The research was led by the Technical University of Denmark (DTU), which said existing antivenoms “have serious limitations,” making it difficult to “provide correct and optimal treatment” to snakebite victims. The uni partnered with scientists from around the world to develop a “broad-spectrum” solution, which shows “impressive potential” against different African snake species, including cobras and mambas.

Findings published in the journal Nature show the antivenom “provides better protection against tissue damage, has a lower risk of immune reactions, and can be produced at a lower cost than existing antivenoms.” Research lead, DTU Professor Andreas Hougaard Laustsen-Kiel said: “Our antivenom has the potential to fundamentally change how snakebites are treated around the world.”

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Reporting by Emma Gillespie.

TDA has just released its first annual benchmark on young Australians - The Future According to Us. It's what we care about, how we live, what gives us hope, and where we're taking the country next.

So, on today's podcast, we thought we would break down the key findings and paint a picture of where our generation is at.