A major legal ruling is rocking the live entertainment industry after a jury found Live Nation and Ticketmaster operate as monopolies.
(LILAMAX) – The verdict came after a lengthy trial in New York federal court that included testimony from top music and entertainment executives. Fans have long complained about high ticket prices and fees, but relief is unlikely to come soon. A second trial will determine next steps, which could include a company split.
Tensions between the two countries are rising in Washington donald trump and Jerome Powell.
President Trump has threatened to fire Powell if he does not resign by the end of his term on May 15. But Mr. Trump’s preferred replacement, Kevin Warsh, has not yet been confirmed by the Senate, raising the possibility that Mr. Powell will remain in the job for much longer.
The president has repeatedly criticized Powell for not lowering interest rates.
Meanwhile, the market is soaring. of S&P500 and Nasdaq Composite Both closed at record highs on Wednesday, helped in part by optimism over a possible peace deal between the United States and Iran.
The Ministry of Finance is also preparing to introduce new policies. Secretary of the Treasury scott bessent The bank announced it would soon begin collecting citizenship data from its customers as part of implementing an executive order signed earlier this year. Currently, U.S. banks only ask for identity verification when opening an account, not citizenship.
In technology and retail, allbirds It’s undergoing dramatic changes.
The eco-friendly shoe company announced it is moving into an artificial intelligence business under the name “Newbird AI,” with a focus on AI computing infrastructure and cloud services. The announcement sent the company’s stock price soaring, closing the day with a 582% increase.
