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CME Group is heading to court. Chief executive Terrence Duffy announced plans to sue the Commodity Futures Trading Commission over its approval of Kalshi's perpetual futures product, arguing the instrument meets the legal definition of a swap under the Dodd-Frank Act and should never have cleared regulatory review.
Meanwhile, Midjourney is making a striking pivot from pixels to patients. CEO David Holz unveiled the company's first hardware product, a full-body ultrasound scanner, alongside plans for a San Francisco medical spa. It's a long way from the AI image generator that made the company famous, and Holz himself acknowledged the distance from, as he put it, cat pictures.
And Rivian is the latest automaker to quietly drop AM and FM radio from its vehicles. The upcoming R two will leave drivers dependent on a cellular connection to stream audio, which is raising real concerns among buyers who take their trucks off-road and into areas where a cell signal is simply not guaranteed.
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