A King County judge issued a preliminary injunction halting most of Kalshi’s prediction‑market contracts in Washington. The court found the platform likely violates the Washington Gambling Act and Consumer Protection Act by treating bets on sports, elections and other events as gambling. Kalshi must add a residency‑based geofence by Aug. 5, marking a key win for regulators targeting online prediction markets.
Reddit announced its addition to the S&P 500 effective August 18, a rare off‑cycle change that forces index funds to buy the stock. The news sent shares up more than 10% in after‑hours trading, underscoring how index inclusion can instantly boost liquidity and validate the platform’s rapid growth.
Ford’s CEO says the automaker will relocate production of certain Lincoln models from China to the United States beginning in 2030. The move is driven by a 52.5% tariff on the China‑built Lincoln Nautilus and upcoming restrictions on Chinese automotive tech, and is meant to bolster U.S. manufacturing capacity.
Bloomberg’s analysis of over 2,500 S&P 1500 firms finds that moving to semi‑annual reports would conceal negative quarterly revenue drops at more than twice the rate of positive ones, especially during volatile periods. Investors would lose timely warning signs, potentially skewing market pricing and risk assessment.
The Treasury’s FinCEN has issued a final rule that permanently ends the Corporate Transparency Act’s requirement for U.S. companies and individuals to disclose beneficial owners, and will erase already‑filed data. The move, hailed as a relief for small‑business compliance, also removes a key anti‑money‑laundering safeguard, potentially reopening a channel for shell‑company abuse.
The Treasury reported a $432.3 billion deficit in July, a 48% jump from a year ago and the biggest monthly shortfall since March 2021. That pushes cumulative red‑ink for the fiscal year’s first ten months to almost $1.8 trillion, outpacing the same period in 2025 and highlighting soaring Medicare costs.
Venture capitalist Josh Kushner and former Disney CEO Bob Iger bought a controlling stake in the Los Angeles Lakers for more than $12.5 billion, eclipsing the previous $10 billion record. The price, 18 times the team’s revenue, pushes NBA franchise multiples to historic highs and forces a reassessment of values across all major sports leagues.
Goldman Sachs will acquire NEOS Investments for up to $2.25 billion in cash and equity, adding $30 billion of options‑based income ETFs to its platform. The deal lifts Goldman’s active ETF assets to about $80 billion, putting it among the top eight providers and giving advisors a broader toolkit for income and risk management.
Anthropic is in advanced talks to buy Decart AI for roughly $6 billion. Decart’s software makes chips run AI models more efficiently, cutting training and inference costs. The deal would give the Claude maker a cheaper compute base just as it ramps up demand ahead of its upcoming IPO.
Uber and Pony.ai will roll out more than 2,000 Level‑4 robotaxis across four new European cities, building on their Zagreb service. The deal pairs Pony.ai’s autonomous driving stack with Uber’s booking and payment platform, giving the partnership a clear path to commercial scale and signaling a major push for driverless mobility in Europe and the Middle East.
You’re caught up.
That was all 10 stories in the 14 August issue.