What happened last week? Elon Musk announced a $100 million prize, Shepard Smith unloaded on Fox News, and PayPal reportedly removed a legal defense fundraiser

  • What happened last week? Elon Musk said he'd give a $100 million prize for a design.
  • Former Fox News host Shepard Smith said he didn't "know how some people sleep at night."
  • PayPal reportedly removed a fundraiser from Jenna Ryan, who was arrested following the Capitol siege. 
  • Visit Business Insider's homepage for more stories.

What happened last week?

Broadcasting legend Larry King died on Saturday in Los Angeles, following a 60-year career, and about 40,000 on-camera interviews. He reportedly had been battling the coronavirus. Over the years, he'd talked with many of the world's most important business leaders.

Here are three other business stories that you might have missed last week. 

Elon Musk offered a $100 million prize

SpaceX and Tesla CEO Elon Musk on Thursday announced a $100 million prize for whoever creates the "best" carbon capture technology.


His announcement was light on details, but Musk said he'd have more to say "next week." 

Read more: Elon Musk says he'll throw $100 million into carbon capture tech. VCs including Vinod Khosla told us these 4 startups are leading the way.

Shepard Smith unloaded on Fox News

Former Fox News host Shepard Smith, who now has his own CNBC show, on Tuesday spoke about his former employer. The network may have been giving viewers "mis- or disinformation" he said, but he was "there to make sure that they got it straight." 

"I slept very well," Smith said. "I don't know how some people sleep at night, because I know there are a lot of people who have propagated the lies and have pushed them forward over and over again, who are smart enough and educated enough to know better."

Read more: Trump administration staffers are getting snubbed while hunting for jobs. One recruiter tried to place 6 of them and couldn't land any interviews.

PayPal reportedly removed a Capitol Hill legal defense fundraiser

PayPal reportedly removed a fundraiser from Jenna Ryan, a Texas real estate agent who flew on a private jet to join the Capitol riot. She said on Twitter she'd raised $1,000 for her legal defense, before PayPal reportedly removed her fundraiser. 

"PayPal has a policy to allow fundraising for legal defense purposes," a PayPal spokesperson said. "PayPal thoroughly reviews accounts, and if we learn that funds are used for anything other than legal defense, the account will be subject to immediate closure. We can confirm that the account in question has been closed."

Late on Saturday, Ryan said on Twitter, "Who runs your company? Are you run by trolls?"

She added: "I think the trolls are running your company. Weird weird weird weird."

Read more: Rep. Rashida Tlaib on why she's rallying progressives to fight back against calls for sweeping new government surveillance powers after the Capitol attack


Despite rumors swirling that the 2020 summer Olympic games would be further delayed, Japanese officials on Friday said the games would go on as planned, according to The Associated Press. 

"Categorically untrue," a Japanese official said, per AP.

The games are scheduled to begin on July 23, 2021. 

Here's what happened the week before last. See you next week.

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