Digest

The Supreme Court issued a controversial ruling on presidential immunity, granting former President Trump partial immunity from criminal charges related to his efforts to overturn the 2020 election results. The decision sparked outrage from dissenting justices, who argued it would elevate the president above the law. Meanwhile, the EU is aggressively enforcing its Digital Markets Act, accusing Meta of violating the law with its ad-free subscription model. This follows a similar accusation against Apple, highlighting the EU's determination to curb the power of American tech giants. In the sports world, the Boston Celtics are on the verge of being sold for a record-breaking $5 billion, driven by a new media rights deal and the team's recent NBA championship win. Finally, the FTC is taking aim at what it considers bogus drug patents, launching an investigation into Teva Pharmaceuticals over its asthma and COPD inhalers. The agency believes Teva is using minor tweaks to extend patent protection and stifle generic competition, which could lead to lower prices for consumers.

Outlines

00:00:00

Introduction

This Chapter introduces the hosts, Neil Fryman and Toby Health, and sets the stage for the day's topics, including the Supreme Court's ruling on presidential immunity, the EU's crackdown on American tech giants, the sale of the Boston Celtics, and the FTC's investigation into bogus drug patents.

00:00:25

Supreme Court Ruling on Presidential Immunity

This Chapter discusses the Supreme Court's decision on presidential immunity, granting former President Trump partial immunity from criminal charges related to his efforts to overturn the 2020 election results. The ruling sparked outrage from dissenting justices, who argued it would elevate the president above the law. The decision also has implications for Trump's ongoing criminal cases, potentially delaying trials until after the November election.

00:02:00

EU's Crackdown on American Tech Giants

This Chapter examines the EU's aggressive enforcement of its Digital Markets Act, targeting American tech giants. Meta has been accused of violating the law with its ad-free subscription model, following a similar accusation against Apple. The EU's actions demonstrate its commitment to curbing the power of these companies and protecting user data.

00:06:20

Sale of the Boston Celtics

This Chapter explores the impending sale of the Boston Celtics for a record-breaking $5 billion. The sale is driven by a new media rights deal that is boosting NBA valuations and the team's recent NBA championship win. Potential buyers include the Jacobs family, who own the Boston Bruins, and Fenway Sports Group, which owns the Red Sox and Liverpool.

Keywords

Q&A

• What was the Supreme Court's ruling on presidential immunity?

  The Supreme Court ruled that former President Trump has partial immunity from criminal charges related to his efforts to overturn the 2020 election results. The court determined that the president can be shielded from prosecution for actions related to their official duties, but not for unofficial actions as individuals.

• How is the EU cracking down on American tech giants?

  The EU is aggressively enforcing its Digital Markets Act, accusing Meta and Apple of violating the law with their ad-free subscription models. The EU aims to prevent these companies from using their market dominance to stifle competition and harm consumers.

• Why is the Boston Celtics franchise being sold?

  The Boston Celtics are being sold for a record-breaking $5 billion, driven by a new media rights deal that is boosting NBA valuations and the team's recent NBA championship win.

• What is the FTC investigating regarding drug patents?

  The FTC is investigating whether pharmaceutical companies are abusing the patent system by making minor tweaks to their products to extend patent protection and stifle generic competition, which could lead to higher prices for consumers.

• What is the significance of Keith Gill's investment in Chewy?

  Keith Gill, known as Roaring Kitty, has invested a significant amount in Chewy, an online pet retailer founded by Ryan Cohen, the current CEO of GameStop. This investment has sparked speculation about the potential for a meme stock rally in Chewy, similar to Gill's previous success with GameStop.

• How has BookTok influenced the book industry?

  BookTok has become a powerful force in the book industry, driving sales of books that are featured on the platform. The rise of Smuddy Fantasy Books, a genre that combines romance and fantasy, has been fueled by BookTok.

• What is the impact of the tariff war between the US and China on the golf cart industry?

  The tariff war between the US and China has created tension in the golf cart industry, with American manufacturers complaining about the influx of imported Chinese golf carts. This has led to calls for protectionist measures, highlighting the broader economic consequences of the trade war.

Show Notes