Nevada regulators slashed Tesla's Las Vegas robotaxi ask from 5,000 vehicles to just 10, capped speeds at 45mph, barred airport pickups, and demanded human supervision, a step back from its no-monitor Austin rides. It's a sign cities are testing robotaxi firms one cautious inch at a time.
UnitedHealth is fighting IRS proposed adjustments that would raise its taxable income for the 2017 through 2020 tax years over how it priced transactions with an unnamed foreign subsidiary. The case sits inside a decade-long IRS push against multinational profit shifting, with billion-dollar stakes and uncertain odds.
Goldman's research finds AI is now visible in hiring data across developed economies since 2022, but concentrated in a narrow set of industries. Call centers are down as much as 39% below trend in the US, and entry-level workers absorb the worst of the drag.
Long-dated Treasurys are selling off, pushing the 10-year above 4.7% and widening the 2s/10s spread by nearly 29 basis points since late June. That is hitting Main Street where it hurts: 30-year mortgages now run 6.75%, and new Fed chair Kevin Warsh is doing little to calm the bond market.
Nelson Peltz's Trian, holding 24% of Wendy's with co-investors like Flynn Group and BlueFive Capital, may take the burger chain private as U.S. same-store sales fell 7% for a sixth straight quarter and traffic plunged 12.5%. The chain also cut its dividend and closed 289 U.S. restaurants in the first half of 2026.
Litigation funding has quietly become a booming corner of private markets, with firms advancing cash to injured plaintiffs in exchange for a cut of any eventual settlement. Investors get a slice of the winnings; plaintiffs get money now. Growth is explosive, and so are the legal and ethical questions around betting on other people's pain.
The Justice Department is probing Andreessen Horowitz for having partners Ben Horowitz and Martin Casado sit on the boards of rivals Databricks and Fivetran, invoking Clayton Act Section 8. If a16z is forced to give up a seat, founders may start valuing top-tier board commitments less. The probe is nearly a year old.
The SEC proposed Regulation Crypto Assets, a fit-for-purpose offering regime for investment contracts involving crypto, with two tailored exemptions from Securities Act registration including a one-time path for up to $5M raises. It pairs with the agency's March 2026 interpretation to finally give founders a clear domestic route to raise capital.
Cerebras's new CS-4 "Nexus" systems skip a real chip upgrade and instead overclock the WSE-3 to 2.8 GHz, doubling compute and I/O for AI inference. The bet: faster token generation beats Nvidia on agents and chatbots, where Cerebras says speed now trumps model smarts. Slumping CBRS stock rides on it.
You’re caught up.
That was all 9 stories in the 19 August issue.