A bill that passed the New York legislature was completely gutted and substituted with language perceived as friendlier to the industry.
Money, Politics, and Power
Posted inMoney, Politics, and Power
House Democratic Leaders Urged to Force a Vote on Stock Trading Ban
Enough Republicans are on a discharge petition to get a House vote to end congressional stock trading—if Democrats sign on.
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Why Is Warner Bros. for Sale at All?
Its product has never been more critically or financially successful. Why is it auctioning itself off?
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Netflix Aims for Entertainment Domination
Fewer streaming options, or a streaming landscape where two of the three largest outlets have the same corporate parent, likely means a continuation of the price hikes that we’re already seeing.
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Andy Kim vs. the Machine—Again
The New Jersey senator is opposing his own party’s efforts to defang anti-corruption measures. In an interview, he depicted the fight as critical to regaining public trust.
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Big Tech Poised to Win Immunity Shield From State AI Regulation
The Trump administration is readying an executive order preempting constraints on AI. It could become a much more wide-ranging deregulatory tool.
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Companies Are Trying to Hide Their Ties to Larry Summers
Some fintech and energy startups haven’t announced that Summers is leaving; they just took him off their websites.
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The AI Bubble Is Bigger Than You Think
It’s not just OpenAI that looks overhyped. There’s a whole mountain of sketchy financial engineering underneath.
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OpenAI Is Maneuvering for a Government Bailout
For artificial intelligence to ever pencil out, some truly enormous revenue streams will be required. And if you need trillions of dollars for data centers forever, there’s only one entity to turn to: Uncle Sam.
Posted inMoney, Politics, and Power
The Flaw in Trump’s MAGA Media Empire Plot
Warner Bros. Discovery has announced that it is for sale, and Trump is trying to force the company to agree to a merger with Paramount, consolidating media with his allies the Ellisons. But states can block that merger.