The dark side of prediction markets is getting even darker
Prediction markets effectively allow the digital economy to turn the entire world into a gambling casino, something that no one could have imagined even 10 years ago. Source link
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US military attacks Iran after Trump's threat of wider strikes
The US military launched another round of strikes against Iran on Wednesday morning, targeting the country’s island near the Strait of Hormuz, after President Trump threatened wider attacks. The US military fired precision munitions against coastal defense systems and cruise missile storage and launch sites on Greater Tunb Island, located near the strait… Source link
Live updates: US launches daytime strikes in Iran; Blanche, Clayton face Senate panels
The US military launched a new round of daytime strikes against Iran, seeking to further disable its capabilities to attack ships in the Strait of Hormuz. America again imposed blockade on the waterway on Tuesday. President Trump reportedly held a Situation Room strategy session on Tuesday to call for a new and broader strike against…
The Gavel: Justices make their case for Supreme Court funding
Two Supreme Court justices appeared before Congress on Tuesday to testify on the high court’s annual budget request, a performance that was rare for several reasons. Liberal and conservative Justices Elena Kagan and Amy Coney Barrett, appointed by presidents of different political parties, sat together in back-to-back hearings, defending the court’s request for about $228…
Cheaper medicines exist — middlemen are keeping them out of reach
Patients are not making the final decisions and neither are their doctors. Source link
Trump takes New York Times fight up a notch with DOJ subpoenas
President Trump is opening a new chapter in his years-long feud against The New York Times with the recent move by the Department of Justice (DOJ) to subpoena journalists at the outlet over reporting on security concerns related to the jet gifted by Qatar for Air Force One. The subpoenas issued to four Times journalists…
The brewing battle for physical AI
{Beacon} Technology Technology Your feedback matters to us. Take our short newsletter survey to help us improve the newsletters you read every day. Big Story Apple, OpenAI suit highlights fight over physical AI Apple’s trade secret lawsuit against OpenAI is shining a light on the growing fight over physical, consumer-facing AI products… Source link
Confidence in US institutions mired near record low: Gallup
According to a recent Gallup poll, the American public’s trust in major institutions is at an all-time low. The survey, which the firm conducted from June 1-15, found that 27 percent of 1,001 respondents had either very high or average confidence in 14 major US institutions. This is 1 percentage point less… Source link
Warsh's hill debut
Hills Business & Economy Newsletter {Beacon} Business & Economy Welcome to Business & Economy, your feedback matters to us. Take our short newsletter survey to help us improve the newsletters you read every day. The Big Story Warsh calls for ‘big changes’ at Fed in first hearing as chief Federal Reserve Chair Kevin Warsh… Source…
Durbin says Blanche told him DOJ 'anti-weaponization' fund was 'a mistake'
Senator Dick Durbin (D-Ill.) says Acting Attorney General Todd Blanche called the Trump administration’s $1.776 billion “anti-weapons” fund “a mistake,” in what the senator described as a courtesy meeting ahead of Wednesday’s hearing to review Blanche’s nomination to lead the Justice Department. According to Durbin, the top Democrat on the Senate Judiciary Committee, when the…