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Need To Know.
Musk Steps Down.
Elon Musk accepted a deal with the Securities and Exchange Commission over the weekend, agreeing to step down as Tesla's Chairman for at least the next three years. The deal will allow Musk to continue as the company's CEO, but effectively removes his control over the company's board of directors. The decision comes after the SEC filed suit against Musk following a tweet that suggested he would take the company private - regulators say the tweet constituted public comments that were intended to manipulate the company's stock price. In early August Musk said via Twitter that he had secured funding to buy all public shares at a per-share price of $420 (shares were then trading at $340). Tesla's stock rose sharply as investors hoped to cash in at the higher price, before plummeting to $300 as Musk backtracked over the ensuing weeks. Musk and the company will also have to pay $40M in fines - $20M from Musk and $20M from Tesla. 

The deal allows Musk to neither admit or deny guilt in manipulating stock prices. 
Hundreds Dead in Indonesian Quake.
Over 830 confirmed deaths have been reported following a 7.5-magnitude earthquake that rocked the Indonesian island of Sulawesi on Friday. The quake triggered a tsunami that brought up to 20-foot waves - the extent of the destruction has slowed rescue efforts, and officials say the final death toll may be in the thousands (see aerial photos). The impact was particularly severe in the beach town of Palu, where the geology of the inlet beach amplified the tsunami. Assuming the number of victims continues to rise, the quake could become the country's worst since 2006 when a 6.4-magnitude killed over 5,700 and injured 38,000. As we've highlighted before, Indonesia sits on the western boundary of the so-called "Ring of Fire", an area traced out by multiple tectonic plates that is home to 75% of the world's volcanoes and accounts for 90% of its earthquakes. 

You can see on-site footage of the tsunami sweeping through Palu here
Vegas Remembers Deadly Shooting.
The Las Vegas strip will go dark tonight to remember the victims of last year's deadly shooting that killed 58 and injured over 850 people. On October 1st, 2017, Stephen Paddock blew out the window of his 32nd-floor Mandalay Bay hotel room and rained bullets down on a country music concert taking place across the street - it was the deadliest mass shooting by an individual in US history. When police raided Paddock's room they found at least 23 guns, including a number of semi-automatic rifles outfitted with so-called bump stocks, which allow the weapons to fire as quickly as fully automatic weapons. Las Vegas police concluded their investigation in August without identifying an official motive behind the shooting.
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In The Know.
Sports, Entertainment & Culture.
> Europe easily defeats USA to win 2018 Ryder Cup (More) | Tiger Woods, Phil Mickelson combine for 0-6 record (More)
> Influential blues and rock legend Otis Rush dies at 84 (More)
> MLB regular season ends; Dodgers-Rockies, Cubs-Brewers face off today in one-game tiebreakers to move on to playoffs (More) | See full preview, schedule of 2018 playoffs (More)
Science & Technology.
> New type of cosmic ray detected by sensors in Antarctica that does not fit into the Standard Model of particle physics (More)
> Fossils from 12-ton dinosaur found in South Africa suggests four-legged walking began 10 million years earlier than thought (More)
> Study finds that residual polychlorinated biphenyls (PCBs), a long-banned industrial chemical still, is still wiping out groups of killer whales (More)
Business & Markets.
> Over 50 million accounts exposed in Facebook's largest security breach, shares slide 2.6% (More)
> California becomes first state to mandate all publicly-traded company boards have at least one female director (More)
> US consumer spending increases steadily in August as economy continues strong growth (More)
Politics & World Affairs.
> US evacuates diplomatic and supporting staff from its consulate in Basrah, Iraq citing threats from Iran (More)
> Supreme Court nominee Brett Kavanaugh advances out of committee; Sens. Flake (R-AZ), Murkowski (R-AK), Manchin (D-WV) require a week-long supplemental investigation into sexual assault charges (More) | White House starts FBI investigation (More)
> US and Canada reach deal to preserve North American Free Trade Agreement hours before deadline (More)
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Historybook: Yosemite National Park is established (1890); HBD Jimmy Carter (1924); HBD Julie Andrews (1935); Walt Disney World opens (1971); 58 killed, 851 injured in mass shooting in Las Vegas (2017)
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