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Prediction Markets and Casinos Go to War Over Sports Betting14:29 Kalshi and Polymarket say their prediction markets are not subject to gambling laws and taxes. The casino industry is lobbying to shut them down as a wave of court cases take on the question. Binance Gives Trump Family’s Crypto Firm a Leg Up11:17 Ties between the exchange and the president’s company, World Liberty Financial, have only strengthened since the president pardoned Binance’s founder, Changpeng Zhao. Stocks Rebound After Volatile Week as Dow Hits Record High1:12 The Dow Jones industrial average surpassed 50,000 points for the first time, as old line stocks come back into vogue. TrumpRx: What to Know About Insurance Benefits, Pricing and Savings19:53 People may be able to pay less for prescriptions with their insurance rather than via the new government website. The Trump drugstore is meant to help people buy medications using their own money. Google Workers Demand End to Cloud Services for Immigration Agencies17:12 More than 800 employees delivered a petition to management, condemning the Trump administration’s use of Google technology in immigration enforcement. Fear of AI Replacing Software Makers Hits Stocks. Here’s What to Know.17:12 The prospect of disruptions from artificial intelligence has hung over the economy for years. But this week advances in software tools precipitated a sell-off on Wall Street. Stellantis’s Shift Away From Electric Cars Will Cost It $26 Billion6.února The company, which owns Chrysler, Fiat, Jeep and Peugeot, is changing its strategy to gasoline and hybrid vehicles in an effort to revive weak sales. A Reprieve for Veterans Applying for V.A. Mortgages6.února House Republicans have scaled back a proposal to charge higher fees for the loans after opposition from veterans groups. But it still includes a higher fee for refinancings. A Reprieve for the Markets, but For How Long?6.února Technology stocks and Bitcoin are showing signs of a rebound after a disastrous week. But investors remain on edge about whether more pain is in store. TikTok’s ‘Addictive Design’ Found to Be Illegal in Europe6.února European Union regulators said the app’s infinite scroll and personalized algorithm led to “compulsive” behavior, especially among children. Nike and Trump’s Supporters Have Been on a Collision Course for Years6.února The chair of the Equal Employment Opportunity Commission has long opposed diversity initiatives like those that Nike embraced. ‘Gang Stuff’ and ‘Illicit Trysts’: How Epstein Sought Leverage With the Wealthy6.února Jeffrey Epstein drafted letters to men like the retail billionaire Leslie Wexner in which he hinted at shared secrets. It’s Time to Rethink the Standard Investment Advice. But Not Too Much.6.února With signs of trouble popping up in financial markets, investors need to decide whether they can ignore the turmoil, our columnist says. |