Pete Hegseth tangles with Senate Democrats: Five takeaways

Defense Secretary Pete Hegseth tangled with Senate Democrats Thursday during his second day of hearings on Capitol Hill, sparring with lawmakers over President Trump’s war with Iran, the Pentagon’s massive $1.5 trillion defense budget request and potentially sending troops to polling sites. During the Senate Armed Services Committee (SASC) hearing, which lasted just under three…

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CFTC Sues Wisconsin Over Prediction Market Jurisdiction

The US Commodity Futures Trading Commission on Tuesday sued the state of Wisconsin in the agency’s latest effort to assert jurisdiction over prediction markets after the state sued multiple platforms. The CFTC said in a statement that it filed the lawsuit against Wisconsin “in response to the state’s lawsuits against Kalshi, Polymarket, Crypto.com, Robinhood, and…

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Amazon pays $11.5B for Globalstar to satisfy satellite-envy • The Register

Amazon has agreed to pay more than $11.5 billion to expand its satellite constellation by about two dozen units with the acquisition of Globalstar. But it’s more about the underlying technology that Amazon hopes will help it catch Elon Musk’s Starlink.  The Bezos behemoth announced its purchase of venerable mobile satellite services (MSS) operator Globalstar…

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