Power
power
Jon Keegan

Supreme Court upholds TikTok ban in 9-0 decision

In a unanimous 9-0 decision, the US Supreme Court upheld the “Protecting Americans from Foreign Adversary Controlled Applications Act,” which would ban the distribution of TikTok.

The law is slated to go into effect as of January 19, the day before Donald Trump’s inauguration. According to The New York Times, TikTok CEO Shou Chew will be attending the inauguration. The decision finds that TikTok’s First Amendment rights are not violated by the law, and let a lower-court decision stand.

“For the foregoing reasons, we conclude that the challenged provisions do not violate petitioners’ First Amendment rights. The judgment of the United States Court of Appeals for the District of Columbia Circuit is affirmed. It is so ordered.”

The Washington Post reports that Trump may be considering an executive order to delay enforcement of the ban.

The stock of TikTok competitors Meta, Snap, and Google don’t appear to be seeing any boost in response to the news, with Snap actually down on the day.

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Max Knoblauch

Big four airlines sink as Transportation Secretary Duffy says parts of US airspace could close if shutdown continues

The US may close parts of its airspace as early as next week if the government shutdown continues, according to comments made by Transportation Secretary Sean Duffy on Tuesday.

“If you bring us to a week from today, Democrats, you will see mass chaos. You will see mass flight delays. You’ll see mass cancellations, and you may see us close certain parts of the airspace, because we just cannot manage it,” Duffy said at a news briefing on Tuesday.

The shutdown, which entered its 35th day on Tuesday, has fueled already problematic shortages of air traffic controllers. This week, airlines said 3.2 million passengers have faced delays or cancellations because of the shortages. Last week, about 13,000 air traffic controllers and 50,000 TSA agents received their first $0 paycheck amid the shutdown.

Shares of the big four US airlines all sank on Duffy’s comments, with United Airlines, American Airlines, and Delta Air Lines all down more than 5%.

power
Jon Keegan

Trump’s deal offering top Nvidia chips to China was nixed at last minute, the WSJ reports

Nvidia’s CEO, Jensen Huang, really wants to sell the chipmaker’s most powerful Blackwell GPUs to China. He almost had his way.

According to a report from The Wall Street Journal, President Trump was ready to put Blackwell chips on the negotiating table for his meeting with Chinese President Xi to seek relief from China’s decision to block crucial rare earth exports to the US.

But according to the report, Trump advisers presented a unified front and were able to dissuade him from giving up the most powerful chips to China at the last minute. Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer were among those opposed to the chip deal. After the meeting, Trump said he did not talk with Xi about Nvidia’s “super duper” chips.

Reportedly those opposed to the deal cited national security concerns, as well as wanting to keep a competitive edge as China seeks to challenge the US’s current dominance of the AI industry.

Exclusive | Trump Officials Torpedoed Nvidia’s Push to Export AI Chips to China

Exclusive | Trump Officials Torpedoed Nvidia’s Push to Export AI Chips to China

But according to the report, Trump advisers presented a unified front and were able to dissuade him from giving up the most powerful chips to China at the last minute. Secretary of State Marco Rubio, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer were among those opposed to the chip deal. After the meeting, Trump said he did not talk with Xi about Nvidia’s “super duper” chips.

Reportedly those opposed to the deal cited national security concerns, as well as wanting to keep a competitive edge as China seeks to challenge the US’s current dominance of the AI industry.

Walt Hickey
shutdown watch
10/21/25
Traders are getting more and more pessimistic about the government shutdown ending any time soon

The market expects the shutdown to last well into November.

The Capitol Building in Washington DC
Jon Keegan
10/10/25
OpenAI’s internal Slack messages could cost it billions in copyright suit

Authors and publishers suing OpenAI over copyright infringement were granted access to internal OpenAI communications about the deletion of a pirated books dataset, and now want to review attorney communications.

Frightened Man
Max Knoblauch
10/9/25
US corporate spending on private flights for executives has ballooned in recent years

The median expense spent by America’s largest companies on air travel jumped 66% from 2020 to 2024.

1990s Business man private jet

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