VF Hive hosts Kristen Scholer and Jon Kelly discuss the week's biggest news stories. From student protests to Jared Kushner's security clearance, it's been a non-stop week in Washington.
Vanity Fair's Nick Bilton discusses what the student protest in Tallahassee, Florida could do to change gun-reform. Emma Gonzalez seems to be leading the pack with the #NeverAgain movement. Bilton says a lot of the Gen Z generation has grown up with social media and are comfortable in front of cameras. He notes this may be why it's the first time we're actually seeing a response of this magnitude to a shooting.
Plus, Jared Kushner is still fighting for his security clearance. Vanity Fair's Emily Jane Fox says that before the Kushner's even got to the White House they made enemies. However, the biggest enemy of all may be John Kelly. Fox says no one wants the President's daughter and son-in-law running the White House, especially Kelly.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
