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boundary=0d3c525c716e902155caa02a7e15b4decb8e3924b755250ce2d999897fce Date: Mon, 18 Mar 2024 11:11:10 +0000 (UTC) From: Snacks Mime-Version: 1.0 Message-ID: Subject: =?UTF-8?B?8J+Tlg==?= The AI Act X-Feedback-ID: 6630771:SG X-SG-EID: =?us-ascii?Q?u001=2EIpbaXCFHqwA3+z2Xqg00z1NXj8RMy8w4dlYfY69I9lGDOI9yA+X0RHhKB?= =?us-ascii?Q?YAFE5R=2FbCETE73+cpr4ZlfqwDiz5SNW5cmREQK+?= =?us-ascii?Q?djCkfdCpOJi=2F+bj+aaoKwlbrOjbLkXKhJJ=2FW5S7?= =?us-ascii?Q?+=2FASa0DhZb3MwZvohLphO7Y4gJqqvf6hAxlCTN6?= =?us-ascii?Q?oqnhD0I8L4ix+UEHyPErSzZcPRin56pALqQsARP?= =?us-ascii?Q?NxJIl84jD+5n+hpHUf8lA3qjLtSecHfjCwaVfzx?= =?us-ascii?Q?UStW?= X-SG-ID: =?us-ascii?Q?u001=2ESdBcvi+Evd=2FbQef8eZF3BhjlZWEvKrHoswRiVoPPbmXVizPGIivBp=2FcWv?= =?us-ascii?Q?7lKQzbAIdZpgjTk4NM2dyr+hw2HQchOIzaEIz++?= =?us-ascii?Q?1Xiqw5auFiiMpTzYYKoz9=2FLD1x4ENHpGS68ftFa?= =?us-ascii?Q?hXbdbbDf2XUd5JI2B3ySxWlLK9g9ROoSzFqeAej?= =?us-ascii?Q?jwNnNGQbNu3lfHS8NC+l4pTd13xXqBhnVtu7esK?= =?us-ascii?Q?erjgbKl4=2FeW6QzZQUSI9hmHLrjcIar74IilsT9G?= =?us-ascii?Q?KMMb=2FzHVRX9NLZoujYk1SakCJQMCeSUW7xB4lp8?= =?us-ascii?Q?YUK1Xq=2FjiZlQx0VHFCm1n2Fy8BMRjNm1=2FrDydQa?= =?us-ascii?Q?AxnOLB86pCiXoAmv7Cy9guPaTmR4oPk2o3ekAnY?= =?us-ascii?Q?CLU6P6snjfTrsXZX4KauM+J4k+g5g5lTOuneHZ2?= =?us-ascii?Q?7fHGBnXPnmwLN70E27Ts8SI6W5W+ObXNmD4YMQn?= =?us-ascii?Q?l5jy4hpbFCSeGIRdufSF8JPd6t74LR1PKuulZL0?= =?us-ascii?Q?2yj+sZZIHyzl769GGmyBEV2mFSqGoaq=2Ff9uEWfu?= =?us-ascii?Q?VvXohWAsQ=3D=3D?= To: sterlingwhg@gmail.com X-Entity-ID: u001.jdCBGbktVXXrEvpoT9bp1g== --0d3c525c716e902155caa02a7e15b4decb8e3924b755250ce2d999897fce Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; 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=E2=80=A6and a TikTok ban could hur= t Big Tech ad sales
=
=
 

And= now they=E2=80=99ll be talking about the AI Act, too (Snacks)

 
=
<= !--[if mso | IE]>
Last Week=E2=80=99s Market Moves
 
<= tr>
Dow Jones
38,71= 5 (-0.02%)		S&P 500
5,117 (-0.13%)		= Nasdaq
15,973 (-0.70%)		Bitcoin
$68,247 (-0.06%)
Dow Jones
38,715 (-0.02%)		S&P 500
5,117 (-0.13%)
Nasdaq
15,973 (-0.70%)		Bitcoin
$68,247 (-0.06%)
=
<= /table>
=

Hey= Snackers,

One of life=E2=80=99s small delights: when the plane= =E2=80=99s finished boarding and the seat next to you is still empty. Fr= ontier Airlines is turning this lucky pleasure into a monetizable produ= ct. The budget carrier is letting passengers pay extra = to sit next to an empty middle seat. What=E2=80=99s next, charging for armr= est rights?

Stocks cooled last week as two inflation reports came in = hotter than anticipated. Still,
the Fed=E2=80=99s expected to keep inter= est rates steady at its meeting this week as it eyes potential cuts this su= mmer. Investors (who are #obsessed with the timing of rate cuts) will be di= ssecting Fed Chair Powell=E2=80=99s conference on Wednesday for any clues.<= /p>

Btw... Do you want to start getting Snacks daily? O= r prefer to unsubscribe? Manage your subscription preferences here.

Enact
<= /div>
=
<= /table>

The EU passes the world=E2=80= =99s first major AI regulation, creating a framework for Big Tech

=
New rulebook=E2=80=A6 The EU approved the first-ever comprehensive AI law to place gu= ardrails around the explosive tech. The landmark law is set to go into effe= ct in May. The EU=E2=80=99s effort to pass AI rules started three years ago= (pre-ChatGPT era). The legislation separates tech into risk categories, ra= nging from =E2=80=9Cunacceptable=E2=80=9D (aka: fully banned) to low risk. = Companies that break the rules, including US tech giants, can be fined up t= o 7% of their annual revenue.

  • Immediately no: The act bans AI applicati= ons that impinge on citizens=E2=80=99 rights. Think: facial-recognition dat= abases trained on photos from the internet or CCTV, and emotion-recognition= software in the workplace.

  • = Copywrong: AI-generated content will have to be labeled as such to prev= ent misinfo from deep fakes, and AI models must comply with European= copyright laws. Companies like Microsoft and OpenAI are deal= ing with huge copyright-infringement suits.=C2=A0

Pandor= a=E2=80=99s box=E2=80=A6 The AI Act comes as governments try to reel in= the fast-expanding technology. Over a third of EU companies have adopted s= ome form of AI, and 27% of Americans said they interacted with AI several t= imes a day last year (picture: asking Dall-E to cut your ex from a pic). Le= ading players like Microsoft, OpenAI, and Meta have lobbied to help = shape the rules. Past EU tech regulations have had significant effects on U= S tech companies:

  • The EU=E2=80=99s Digital Markets Act (DMA) gives the u= nion sweeping powers to govern anticompetitive tech practices. This month, = the EU slapped Apple with a $2B fine, saying the biz suppressed musi= c-streaming competition.

  • Eur= ope=E2=80=99s GDPR dictates how Big Tech cos handle user data (like: co= okie-consent pop-ups). California introduced a similar privacy act shortly = after GDPR passed.

= =
THE TAKEAWAY

One model can generate big changes=E2=80=A6 To avoid = patchwork policies when one major market passes new rules, big companies ca= n make sweeping changes. When GDPR forced Microsoft to up its privacy game = in the EU, the biz pushed many of those new protections to its global custo= mers. Under the DMA, Apple announced it would allow different app stores on= iPhones in Europe for the first time. The AI Act could ignite changes far = beyond Europe.

Sponso= red by Nasdaq

When Main Street calls, the market answers.

Trades are ticking. When self-directed retail traders move as a= pack, they can drive the market. Investors of all shapes and sizes = need insights on this kind of trading activity =E2=80=94 but = until recently, many traders haven=E2=80=99t had a way to visualize the key= retail details of the stock market.

Trading data, distille= d. Nasdaq Data Link=E2=80=99s Retail Trading Activity Track= er beats up on analysis paralysis. Covering $30B USD/day of retail = trades across 9,500+ US stocks, ADRs and ETPs, Nasdaq=E2=80=99s tracker doe= s the hard work with its proprietary algorithm. Then, it streams data direc= tly to your spreadsheet and distills vast retail trading data into sharp in= sights that any investor can use.

Expand your market view with the Retail Trading Activity Tracker from Nasdaq.

<= /table>

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #1C1C1C; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Zoom out
<= /table>

Stories we= =E2=80=99re watching

=

Boeing, Boeing, gone=E2=80=A6 Boeing= =E2=80=99s very bad year keeps getting worse =E2=80=94 and it=E2=80=99s cau= sing headaches for airlines. After January=E2=80=99s doorbacle (recall: a p= lug door yeeted off a 737 Max mid-flight), the FAA paused certification for= Boeing=E2=80=99s newest 737, the Max 10. Delta expects deliveries c= ould be delayed till 2027. Last week, Southwest (which only uses 737= s) slashed its flight schedules. And United asked Boeing to stop bui= lding the Max 10s it ordered. Rival Airbus is widening its jet-deliv= ering lead as Boeing faces intense FAA scrutiny and a DOJ criminal investig= ation.

Tippin=E2=80=99 the Gray-scales=E2=80=A6 It=E2= =80=99s rare to see a multibillion-dollar bet go so wrong so quickly. At th= e start of the year, Digital Currency Group=E2=80=99s Grayscale Bitc= oin Trust had $28B+ under management and promised to convert to a spot b= itcoin ETF as soon as it got the SEC=E2=80=99s OK. But with comparative= ly high fees (1.5% versus competitors=E2=80=99 0.3%), customers have pulled= out $11B since regulators=E2=80=99 January approval. In that same period, = BlackRock=E2=80=99s bitcoin fund saw $10B+ in inflows. Now, Grayscal= e is launching a =E2=80=9Cmini=E2=80=9D ETF with lower fees.

<= /tr>
<= /tbody>
<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #1C1C1C; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
<= /table>

Coming up th= is week

Ad-verse effects=E2=80=A6 The US House passed a bi= ll last week that could lead to a nationwide TikTok ban. While TikTok=E2=80= =99s making all the headlines, the legislation also threatens all Chinese-c= ontrolled apps =E2=80=94=C2=A0including those from two companies reporting = this week: retailer Temu=E2=80=99s parent, Pinduoduo, and mob= ile-gaming titan Tencent. Chinese app bans could spell trouble for a= d biggies. China made up 10% of Meta=E2=80=99s revenue last year, an= d Temu was Meta=E2=80=99s top advertiser. Scanning the App Store, Temu is t= he No. 2 free app (Chinese Shein is No. 1) and Tencent=E2=80=99s =E2= =80=9CPUBG Mobile=E2=80=9D is the No. 2 strategy game.

Bracket bal= l... As the NCAA March Madness basketball tourney gets underway this we= ek, networks like Paramount, Disney, and Warner Bros. = are hoping to run back last year=E2=80=99s women=E2=80=99s final when 10M f= ans watching Iowa=E2=80=99s Caitlin Clark and LSU=E2=80=99s Angel Reese sha= ttered a 20-year viewership record. As folks fill out their brackets based = on mascot (or some other method), sportsbooks could score: sports betting b= ecame legal in college-bball mecca North Carolina last week, and $2.7B+ is = expected to be wagered on apps like Penn Entertainment=E2=80=99s ESP= N Bet and DraftKings=E2=80=99 Sportsbook.

Sponso= red by Masterworks

Whi= ch platform delivered millions to investors in 2023?

Masterworks = is an award-winning investment platform focused exclusively on investments in blu= e-chip art. So far, each of its 21 exits have delivered a profit, w= ith investors realizing median returns of 17.6%, 17.8%, and 21.5%* (respect= ively) among assets held for longer than one year. Skip the waitlist here.<= /p>

<= /table>

=
What else we're Snackin'

  • Nozempic: US and = UK authorities are seizing Ozempic knockoffs, which range from ineffective = to life-threatening. The pricey drug is one of several diabetes meds in hot= demand for weight-loss purposes.

  • =

    TokOff= : In a move that likely won=E2=80=99t help TikTok disass= ociate from China, the Chinese gov=E2=80=99t attacked the House=E2=80=99s v= ote on a bill that could ban the app and said it would take =E2=80=9Cnecess= ary measures=E2=80=9D to protect it.=C2=A0

  • Pa= yslip: From 2018 to 2022, 35 major US companies (includi= ng: Tesla, Netflix) paid their top execs more $$ than they pa= id in federal taxes, a new report said. CEOs earned 344X more than a typica= l worker in 2022.

=
<= td align=3D"left" style=3D"font-size:0px;padding:0;padding-bottom:8px;paddi= ng-left:0;word-break:break-word;">
Want your Snacks daily?
T= he Daily Newsletter
Get fr= esh takes on financial news every week day. Try a sample:

=F0=9F=90=A6 Bird shoe blues = =E2=80=A2 Mar 15, 2024
=E2=9C=88=EF=B8=8F Your Boeing is delayed =E2=80=A2 = Mar 14, 2024
=F0=9F=87=BA=F0=9F=87=B8 TikTok ban vote =E2=80=A2 Mar 13, 2= 024

Subscribe to the Daily
<= tr><= /tbody>
<= /table>

Snack Fact Of th= e Day

Last year, dividend payouts to shareholders= reached a record $1.7T

<= /table>
This Week

  • Monday: Global Recycli= ng Day. Global Money Week. Earnings expected from Science Applications I= nternational

  • Tuesday: First day of spring. NCAA men=E2=80=99s March Madness tournament starts.<= /p>

  • Wednesday: US Fed intere= st-rate decision. NCAA women=E2=80=99s March Madness tournament starts. Ear= nings expected from Micron Technology, Chewy, General Mill= s, Pinduoduo, Signet Jewelers, and KB Home= =C2=A0

  • Thursday: World P= oetry Day. Earnings expected from Accenture, Darden Restaurants, Nike, Lululemon, and FedEx

  • Friday: World Water Day. F1 Australian Grand Pr= ix weekend begins.

Authors of this Snacks own bitcoin and s= hares of: Alphabet, Apple, Delta, Disney, Microsoft, and Tesla

*Adver= tiser's disclosure: The content is not intended to provide legal, tax,= or investment advice. Past performance is not indicative of future returns= . Investing involves risk.

=E2=80=9CNet Annualized Return=E2=80=9D re= fers to the annualized internal rate of return, or IRR, net of all fees and= costs, to holders of Class A shares from the primary offering, calculated = from the final closing date of such offering to the date the sale is consum= mated. A more detailed breakdown of the Net Annualized Return calculation f= or each issuer can be found in the respective Form 1-U for each exit. The 3= median returns above represent the ones closest to the median of the 12 ex= its with holding periods over 1 year.

See important Reg A disclosures= and aggregate advisory performance at www.mas= terworks.com/cd.

<= table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation= " width=3D"100%">
--0d3c525c716e902155caa02a7e15b4decb8e3924b755250ce2d999897fce Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Mime-Version: 1.0 @media only screen and (min-width:480px) { .mj-column-per-100 { width: 100% !important; max-width: 100%; } .mj-column-per-50 { width: 50% !important; max-width: 50%; } }
=E2=80=A6and a TikTok ban could hur= t Big Tech ad sales
<= td align=3D"left" style=3D"font-size:0px;padding:15px 0 15px 0;word-break:b= reak-word;">
Sherwood Media, LLC prod= uces fresh and unique perspectives on topical financial news and is a fully= owned subsidiary of Robinhood Markets, Inc., and any views expressed here = do not necessarily reflect the views of any other Robinhood affiliate... See more
= <= /table>
 

And now they=E2=80=99ll be talking about the AI Act, to= o (Snacks)

 
<= td style=3D"vertical-align:top;padding:0;">
=
Sponsored by<= a href=3D"https://sg.robinhood.com/ls/click?upn=3Du001.XlCJqwwOL58T-2B5u1T1= OmQHVHmdBnyVkPANOyv5-2FO7QbP-2FIesgORqYX5cDnBBIY90GLF9yrVFt3YbieZWpPJZTbIHW= geI-2B4kVvAGN8r-2Fcp26m-2BT6gg2M3OXtrVZ0Xd3EcC6lIxRyJ-2BZF3u5cIH70shL0vAajx= j90Ib3MlanLvDzZhYX-2FSTvHuthGSKmiNId22qvLNhUIN0YxmmuQkEYhd4o2SV-2B76uaceEXP= 0rI6kjwKG93ckHBwnkI40R6OkD0NTR5Jv_IHWeHh5OxE-2FFI4JuNZQ4XTt6Ks7Su2x6u3F6QZG= Q-2BodgnEHT8k5DyHF5uhkmwojRIy8hSdCSLZgxRPA3qqCj4VpQL-2BdlioErr12h70RJb8LF-2= FnNdflAz3eOSIqqZenCiEuPR93mb9xr-2Fi1zVSzuezV9sElNXV0q8Tfebj1I-2FwsfCmMQfCDn= 0IQPiSJxiDq06Mx4uVIYVQU28zATKKAUMJfKzhN-2F9J4ul6lvbroSpPfzk9B7tMTXihJ3VRRvL= Ied3cZcBRMOCMhqHM3ePlGipyDO-2Bnw5UvkNNiaukvjBaO9ddPhg9BrCW4C2SSjsqR8tN2XrRL= yLIu2LtZTkBa6VdUruO8vjJIzXKT8GenwYdQAWkV-2Bj79wbQUyFZKlliQRx16pBl5eb8YXMRAF= LoEv6R4xO7gzsyunjB-2BbkwOYUM3InzHXuOEQXCAyqFY573gRvN0eEwzbADYaVMzxBf2ZIY6xB= AMnsQkWDX8Th0U-2FGRYi-2F7q31E68lfF5SIiir7HfMdonaAT-2FaIQldPqacFZBqPesHGj36R= TIkORy-2BajzvcjPNcWeInI0s1nSJ-2Bx9VxzpnTF0WQaUAneY0RtLRwoPGOxoSG0R9xt4JNpWP= PnX7VVT3qN1fAfXRyVuG8flPNXJRsVfkRHbS38EYUozkzR1WTKnzOTh6lJbCws6HIUUI5b6FyR0= ER-2B3A4p4GmLClK5srFojTBRdORNszXRf0Bsacr6g-3D-3D" style=3D"display: inline-= block; text-decoration: none; padding: 8px 19px 8px 0px;">
<= td style=3D"vertical-align:top;padding:0;">
Last Week=E2=80=99s Marke= t Moves
=
 
Dow Jo= nes
38,715 (-0.02%)<= /span>		S&P 500<= br>5,117 (-0.13%)Nasdaq
(-0.70%)		Bitcoin
$6= 8,247 (-0.06%)=
Nasdaq
15,973 (-0.70%)
<= span class=3D"text" style=3D"font-family: 'General Grotesque', Arial; font-= size: 13px; line-height: 22px; padding: 0;">Dow Jones
38,715 (-0.02%)		S&P 500
5,117 (-0.13%)
Bitcoin
$68,247 (-0.06%)
=
<= /table>

Hey Snackers,

One of life=E2=80=99s small delights: w= hen the plane=E2=80=99s finished boarding and the seat next to you is still= empty. Frontier Airlines is turning this lucky pleasure into a mone= tizable product. The budget carrier is letting passengers <= u>pay extra to sit next to an empty middle seat. What=E2=80=99s nex= t, charging for armrest rights?

Stocks cooled last week as two inflat= ion reports came in hotter than anticipated. Still,
the Fed=E2=80=99s ex= pected to keep interest rates steady at its meeting this week as it eyes po= tential cuts this summer. Investors (who are #obsessed with the timing of r= ate cuts) will be dissecting Fed Chair Powell=E2=80=99s conference on Wedne= sday for any clues.

Btw... Do you want to start get= ting Snacks daily? Or prefer to unsubscribe? Manage your subscription prefe= rences here.

3D""
Enact
<= /table>

The = EU passes the world=E2=80=99s first major AI regulation, creating a framewo= rk for Big Tech

New rulebook=E2=80=A6 The EU approved the first-eve= r comprehensive AI law to place guardrails around the explosive tech. The l= andmark law is set to go into effect in May. The EU=E2=80=99s effort to pas= s AI rules started three years ago (pre-ChatGPT era). The legislation separ= ates tech into risk categories, ranging from =E2=80=9Cunacceptable=E2=80=9D= (aka: fully banned) to low risk. Companies that break the rules, including= US tech giants, can be fined up to 7% of their annual revenue.

  • Immediately = no: The act bans AI applications that impinge on citizens=E2=80=99 righ= ts. Think: facial-recognition databases trained on photos from the internet= or CCTV, and emotion-recognition software in the workplace.

  • Copywrong: AI-generated content will h= ave to be labeled as such to prevent misinfo from deep fakes, and AI= models must comply with European copyright laws. Companies like Microso= ft and OpenAI are dealing with huge copyright-infringement suits= .=C2=A0

Pandora=E2=80=99s box=E2=80=A6 The AI Act co= mes as governments try to reel in the fast-expanding technology. Over a thi= rd of EU companies have adopted some form of AI, and 27% of Americans said = they interacted with AI several times a day last year (picture: asking Dall= -E to cut your ex from a pic). Leading players like Microsoft, OpenAI, and<= b> Meta have lobbied to help shape the rules. Past EU tech regulations = have had significant effects on US tech companies:

  • The EU=E2=80=99s Digital = Markets Act (DMA) gives the union sweeping powers to govern anticompeti= tive tech practices. This month, the EU slapped Apple with a $2B fin= e, saying the biz suppressed music-streaming competition.

  • Europe=E2=80=99s GDPR dictates how Big Te= ch cos handle user data (like: cookie-consent pop-ups). California introduc= ed a similar privacy act shortly after GDPR passed.

THE TAKEAWAY
=
One model can generate big changes=E2=80=A6 To avoid patchwork poli= cies when one major market passes new rules, big companies can make sweepin= g changes. When GDPR forced Microsoft to up its privacy game in the EU, the= biz pushed many of those new protections to its global customers. Under th= e DMA, Apple announced it would allow different app stores on iPhones in Eu= rope for the first time. The AI Act could ignite changes far beyond Europe.=

Sponso= red by Nasdaq
<= img height=3D"auto" src=3D"https://cdn.robinhood.com/static_content/mwphzyq= 69oso/en-US/assets/files/2Fwb9LcF9G4hT8rUNe88n1_1_image5.jpg" style=3D"bord= er:0;display:block;outline:none;text-decoration:none;height:auto;width:100%= ;font-size:13px;" width=3D"536">

When Main Street calls, the market answers.

Trades are ticking. When self-directed retail traders move a= s a pack, they can drive the market. Investors of all shapes and sizes <= /i>need insights on this kind of trading activity =E2=80= =94 but until recently, many traders haven=E2=80=99t had a way to visualize= the key retail details of the stock market.

Trading data, = distilled. Nasdaq Data Link=E2=80=99s Retail Trading A= ctivity Tracker beats up on analysis paralysis. Covering $30B USD/d= ay of retail trades across 9,500+ US stocks, ADRs and ETPs, Nasdaq=E2=80=99= s tracker does the hard work with its proprietary algorithm. Then, it strea= ms data directly to your spreadsheet and distills vast retail trading data = into sharp insights that any investor can use.

Expand your market vie= w with the Retail Trading Activity Tracker from Nasdaq= .

<= !--[if mso | IE]>
<= /table>

<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #1C1C1C; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Zoom out
<= /table>

Stories we= =E2=80=99re watching

=

Boeing, Boeing, gone=E2=80=A6 Boeing= =E2=80=99s very bad year keeps getting worse =E2=80=94 and it=E2=80=99s cau= sing headaches for airlines. After January=E2=80=99s doorbacle (recall: a p= lug door yeeted off a 737 Max mid-flight), the FAA paused certification for= Boeing=E2=80=99s newest 737, the Max 10. Delta expects deliveries c= ould be delayed till 2027. Last week, Southwest (which only uses 737= s) slashed its flight schedules. And United asked Boeing to stop bui= lding the Max 10s it ordered. Rival Airbus is widening its jet-deliv= ering lead as Boeing faces intense FAA scrutiny and a DOJ criminal investig= ation.

Tippin=E2=80=99 the Gray-scales=E2=80=A6 It=E2= =80=99s rare to see a multibillion-dollar bet go so wrong so quickly. At th= e start of the year, Digital Currency Group=E2=80=99s Grayscale Bitc= oin Trust had $28B+ under management and promised to convert to a spot b= itcoin ETF as soon as it got the SEC=E2=80=99s OK. But with comparative= ly high fees (1.5% versus competitors=E2=80=99 0.3%), customers have pulled= out $11B since regulators=E2=80=99 January approval. In that same period, = BlackRock=E2=80=99s bitcoin fund saw $10B+ in inflows. Now, Grayscal= e is launching a =E2=80=9Cmini=E2=80=9D ETF with lower fees.

<= /tr>
<= /tbody>
<= div style=3D"font-family: 'General Grotesque Bold', Arial; font-weight: 700= ; letter-spacing: 0.03em; text-transform: uppercase; color: #1C1C1C; paddin= g: 6px 19px; border-radius: 30px; border: 0; background-color:#62E5DA; disp= lay: inline-block;">Events
<= /table>

Coming up th= is week

Ad-verse effects=E2=80=A6 The US House passed a bi= ll last week that could lead to a nationwide TikTok ban. While TikTok=E2=80= =99s making all the headlines, the legislation also threatens all Chinese-c= ontrolled apps =E2=80=94=C2=A0including those from two companies reporting = this week: retailer Temu=E2=80=99s parent, Pinduoduo, and mob= ile-gaming titan Tencent. Chinese app bans could spell trouble for a= d biggies. China made up 10% of Meta=E2=80=99s revenue last year, an= d Temu was Meta=E2=80=99s top advertiser. Scanning the App Store, Temu is t= he No. 2 free app (Chinese Shein is No. 1) and Tencent=E2=80=99s =E2= =80=9CPUBG Mobile=E2=80=9D is the No. 2 strategy game.

Bracket bal= l... As the NCAA March Madness basketball tourney gets underway this we= ek, networks like Paramount, Disney, and Warner Bros. = are hoping to run back last year=E2=80=99s women=E2=80=99s final when 10M f= ans watching Iowa=E2=80=99s Caitlin Clark and LSU=E2=80=99s Angel Reese sha= ttered a 20-year viewership record. As folks fill out their brackets based = on mascot (or some other method), sportsbooks could score: sports betting b= ecame legal in college-bball mecca North Carolina last week, and $2.7B+ is = expected to be wagered on apps like Penn Entertainment=E2=80=99s ESP= N Bet and DraftKings=E2=80=99 Sportsbook.

<= /table>
=

What else we're Snackin'

  • Nozempic: = US and UK authorities are seizing Ozempic knockoffs, which range from ineff= ective to life-threatening. The pricey drug is one of several diabetes meds= in hot demand for weight-loss purposes.

  • TokOff: In a move that likely won=E2=80=99t help TikTok disassoc= iate from China, the Chinese gov=E2=80=99t attacked the House=E2=80=99s vot= e on a bill that could ban the app and said it would take =E2=80=9Cnecessar= y measures=E2=80=9D to protect it.=C2=A0

  • = Payslip: From 2018 to 2022, 35 major US companies (in= cluding: Tesla, Netflix) paid their top execs more $$ than th= ey paid in federal taxes, a new report said. CEOs earned 344X more than a t= ypical worker in 2022.

=
Want your Snacks daily?
The Daily Newsletter
<= /td>
Get fresh takes on financial news every week day. Try a sam= ple:

=F0=9F= =90=A6 Bird shoe blues =E2=80=A2 Mar 15, 2024
=E2=9C=88=EF=B8=8F Your Boeing is delayed =E2=80=A2 Mar 14, 2024
=F0=9F=87=BA=F0=9F=87= =B8 Ti= kTok ban vote =E2=80=A2 Mar 13, 2024

Subscribe = to the Daily
<= /table>
<= tr><= td align=3D"center" class=3D"light" style=3D"font-size:0px;padding:10px 25p= x;padding-top:24px;padding-right:0;padding-bottom:24px;padding-left:0;word-= break:break-word;">

Snack Fact Of the Day

Last year, d= ividend payouts to shareholders reached a record $1.7T

<= /table>
This Week

  • Monday: Global Recycli= ng Day. Global Money Week. Earnings expected from Science Applications I= nternational

  • Tuesday: First day of spring. NCAA men=E2=80=99s March Madness tournament starts.<= /p>

  • Wednesday: US Fed intere= st-rate decision. NCAA women=E2=80=99s March Madness tournament starts. Ear= nings expected from Micron Technology, Chewy, General Mill= s, Pinduoduo, Signet Jewelers, and KB Home= =C2=A0

  • Thursday: World P= oetry Day. Earnings expected from Accenture, Darden Restaurants, Nike, Lululemon, and FedEx

  • Friday: World Water Day. F1 Australian Grand Pr= ix weekend begins.

Authors of this Snacks own bitcoin and s= hares of: Alphabet, Apple, Delta, Disney, Microsoft, and Tesla

*Adver= tiser's disclosure: The content is not intended to provide legal, tax,= or investment advice. Past performance is not indicative of future returns= . Investing involves risk.

=E2=80=9CNet Annualized Return=E2=80=9D re= fers to the annualized internal rate of return, or IRR, net of all fees and= costs, to holders of Class A shares from the primary offering, calculated = from the final closing date of such offering to the date the sale is consum= mated. A more detailed breakdown of the Net Annualized Return calculation f= or each issuer can be found in the respective Form 1-U for each exit. The 3= median returns above represent the ones closest to the median of the 12 ex= its with holding periods over 1 year.

See important Reg A disclosures= and aggregate advisory performance at www.mast= erworks.com/cd.

Sherwood Media, LLC produces fresh and unique perspectiv= es on topical financial news and is a fully owned subsidiary of Robinhood M= arkets, Inc., and any views expressed here do not necessarily reflect the v= iews of any other Robinhood affiliate... See more
--0d3c525c716e902155caa02a7e15b4decb8e3924b755250ce2d999897fce--