Norway's sovereign wealth fund announced on Tuesday that it plans to reject the nearly $1 trillion payout to Tesla CEO Elon Musk during the company's annual shareholder meeting this week.

Norway's sovereign wealth fund said on Tuesday it has bought a 95% stake in an office property located along New York City's Avenue of the Americas.

Norway’s sovereign wealth fund, the world’s largest with $2 trillion in assets, reported a profit of 698 billion Norwegian crowns ($68.28 billion) for the first half of 2025. Strong gains in financial sector stocks largely contributed to this performance.

Norway’s sovereign wealth fund, the world’s largest at $1.8 trillion, announced a historic annual profit of 2.51 trillion crowns ($222 billion) on Wednesday, thanks to a surge in tech stocks last year.