*** Ross Rant ***
China's soybean shift reveals the fatal flaw in Team Trump's trade policy
+ Once supply chains reorganize, they don't come back. American farmers are learning this lesson the hard way.
In 2024, China bought $12.6 billion in US soybeans. This year: $0.
The collapse exposes a fundamental misunderstanding of how modern trade works. While Washington treats soybeans as a bargaining chip, Beijing recognized them as what they actually are: an intermediate input in a tightly integrated agricultural-industrial supply chain. Crushing facilities process soybeans into animal feed and oil, sustaining livestock production and food security. Disrupt one node, and the entire system reorganizes—permanently.
Twenty years ago, China learned this lesson the hard way when it lost control of its soybean-crushing capacity in 2004. It spent two decades ensuring that vulnerability would never recur. The US is now discovering the same principle from the opposite side.
The economics of concentration
The math is unforgiving. China imports 100 million to 105 million tons of soybeans annually, accounting for 60% of global trade. US farmers cannot replicate that demand elsewhere. More than 90 countries export soybeans, but Brazil, the United States, and Argentina dominate. For China, a concentrated buyer, diversifying supply sources is straightforward. For dispersed US sellers, finding equivalent markets is impossible.
Trump's 2018 tariffs accelerated China's diversification, but the infrastructure was already in place. Chinese investment had financed the ports, railways, and logistics networks moving South American soybeans to Asian markets. When tariffs disrupted US-China trade, the supply chain rerouted. Beijing's retaliatory tariffs made American soybeans prohibitively expensive, and Chinese buyers did not return.
US farmers typically sell more than half their soybean exports between October and December, after Brazil's February-March harvest season ends. If Chinese buyers continue to be absent, the upcoming quarter will inflict severe damage.
The Argentina paradox
The contradictions in the US trade and tariff strategy crystallize in Argentina. Washington recently provided Buenos Aires with roughly $20 billion in financial aid to prevent it from drifting into China's orbit. Argentina responded by scrapping export taxes, instantly making its soybeans more competitive, and then sold them to China.
The episode reveals how the US treats trade as a bilateral issue, whereas in reality, it operates multilaterally.
Tariffs may protect final assembled goods and industries with high switching costs, but they backfire catastrophically for intermediate goods in flexible supply chains where buyers easily substitute suppliers. The current Team Trump US trade policy fails to recognize this essential distinction.
The post-Brexit parallel
The parallels with the United Kingdom's post-Brexit trade policy are striking. Both strategies feature grand rhetoric about sovereignty and leverage, yet they ignore how complex supply chains adapt to disruption. Both overestimate their indispensability and underestimate adjustment costs.
Jun Du, professor of economics at Aston University, frames the problem precisely: "Once supply chains reorganize, they never return to their previous form."
The lesson
In modern trade, control over supply-chain nodes matters more than control over raw materials.
China lost its crushing capacity in 2004 and restructured its entire import strategy to prevent recurrence. The United States is losing access to its largest export market because it failed to understand that supply chains, once reorganized, don't revert simply because tariffs change.
American farmers are paying the price for that miscalculation.
-Marc
*** A11. ***
How to run a global business in a re-globalised world: In the era of protectionist policies, business leaders need to build public sector trust. Hemant Taneja
Trade policy and US geopolitical strategy CSIS Pod
The US is trying to drive a wedge between Argentina and China: The South American country is relying on the US and Wall Street banks for a bailout. WSJ
Viceroy Bennett and US intervention in Argentina: A lobbyist hired by the SIDE intelligence services became executor of Trump’s will in Argentina. Secret meetings, legal troubles, and his partnership with businessman Leonardo Scatturice. BAT
Trump looking to quadruple beef purchases from Argentina despite GOP anger: Politico reports the White House is also rolling out a series of beef industry-friendly policies to boost the domestic supply long-term.
To make ends meet, Argentines sell their possessions: AFP reports a street market in a Buenos Aires working-class neighborhood bustles with desperate Argentines who have taken to hawking their belongings to make ends meet as the economy sputters.
The US struggles to break out from China’s grip on rare earths: The Trump administration is trying an array of unconventional measures to shore up US rare earths supplies. It remains uncertain whether the strategy will work. NYT
US Trade war slows China’s economy: Newsweek reports China’s economy expanded at 4.8 percent in the third quarter—the slowest rate in a year—according to data released on Monday by its National Bureau of Statistics (NBS), as ongoing trade tensions with the United States continue to weigh on growth.
China became Germany’s top trading partner again, overtaking America, which stole the spot from China last year. German trade with China totalled €163.4bn ($190.7bn) for the first eight months of the year.
Bloomberg: US considers broad software curbs on China, White House tays
China is demanding some US semiconductor firms submit sensitive information about their sales in the world’s largest chips market as part of its probe of American suppliers.
+ As Washington and Beijing struggle to come to a trade truce, China is stepping up its probes of US chip companies.
China’s chipmakers are cleverly innovating around America’s limits: They are pushing tools to the edge, scaling up and relying on fuzzy maths. Economist
Silicon Valley has China envy, and that reveals a lot about America: The fascination with China’s ability to build things America struggles with, from bridges to advanced tech, risks a dangerous miscalculation about what drives China. NYT
Xi’s purges reveal his insecurity: From surveilling and repressing Chinese citizens to firing and prosecuting potential rivals, Chinese President Xi Jinping seems able to rule only through fear. But fear is not a foundation for long-term stability, and the more Xi seeks to consolidate power, the more vulnerable his position becomes. Brahma Chellaney
Analysis: Xi Jinping's Fujian clique disappears from the PLA: Exit of pivotal military figures in charge of Taiwan strategy draws global attention. Nikkei
Taiwan is not for sale: America can make a good deal with China without abandoning the island. Marvin Park + David Sacks
Reuters: Taiwan plans deeper military ties with US to bolster security
Bloomberg: Taiwan is courting MAGA influencers to get Trump’s attention
Vance says he’s not in Israel to babysit Gaza truce and emphasizes partnership: NYT reports Vice President JD Vance said recent visits by top American officials were to monitor the cease-fire, but not “in the sense of, you know, you monitor a toddler.”
WP: Vance says Israel not a ‘vassal state’ as criticism swirls around Netanyahu
NBC News: Netanyahu calls US-Israel relationship a ‘partnership like never before’ under Trump
A US plan splits Gaza in two—one zone controlled by Israel, one by Hamas: WSJ reports the US and Israel are considering a plan that would divide Gaza into separate zones controlled by Israel and Hamas, with reconstruction only taking place on the Israeli side.
How Israel won the war – and lost the PR battle: The Jewish state has won. But at what cost? Ben Domenech
Can Trump contain Israel’s hard right? Israel’s extremists aren’t giving up on settling Gaza. Trump’s regional agenda depends on restraining them. Yair Rosenberg
AP: Trump is expected to host Saudi Crown Prince Mohammed bin Salman next month, AP sources say
Trump puts Putin talks on hold as Kremlin launches deadly new attacks on Ukraine: NBC News reports at least six people were killed overnight shortly after President Donald Trump said he didn't "want to have a waste of time" holding a summit with the Russian leader.
Zelensky says strike on kindergarten shows Putin isn’t serious about talks: NYT reports President Volodymyr Zelensky of Ukraine said an assault by Russia, hours after President Trump put off a meeting with President Vladimir Putin, showed more pressure was needed.
AFP: Zelensky seeks fighter jets deal on Sweden visit as Russian strikes slam Ukraine
Moscow Times: Kremlin slams ‘gossip and speculation’ surrounding Putin-Trump summit
Reuters: Zelenskiy says Trump's call to freeze current frontlines is 'good compromise'
Ukraine strikes Russia with British Storm Shadow missiles: The Times reports Kyiv says attack hit key plant manufacturing ‘gunpowder, explosives and rocket fuel.’
US lifts key restriction on Kyiv’s use of European long-range missiles: WSJ reports the move coincides with a Trump push to pressure Moscow into talks on ending the war and to withhold US Tomahawk missiles from Ukraine.
US imposes substantial new sanctions on Russian oil giants: WSJ reports the measures against Lukoil and Rosneft come as negotiations over ending the war in Ukraine have stalled.
Fighting their own country: Hundreds of thousands of Ukrainians have been forcibly conscripted by Russia: Moscow is pursuing a policy of forced Russification and militarization in occupied territories, aiming to turn the local population into soldiers. These Ukrainians account for one quarter of the prisoners of war held by Kyiv. Le Monde
From revolutionaries to mercenaries: Cubans fight for Russia in Ukraine: Arturo McFields Yescas writes that Russia has been using Cuban mercenaries since 2023, but it has stepped up its use in recent months. Cuban soldiers are familiar with the weapons, trained and paid cheaply, reducing Putin’s political cost to zero. No one in Moscow complains about the deaths of foreign soldiers.
United 24: Romania scrambles fighter jets as Russian drones strike near Danube border with Ukraine
Europe’s spies are learning to trust each other — thanks to Trump: Politico reports doubts over transatlantic intelligence-sharing is bringing European intelligence agencies closer together.
European defense tech companies are expected to receive $2.3 billion in venture capital funds this year, up from $525 million in 2021, prior to the war, according to Dealroom.
How Norway’s war profiteering could help Ukraine: As the European Union tries to put together a large loan for Ukraine, sovereign guarantees and the risk they pose to member states' credit ratings have become a stumbling block. Fortunately, having raked in tens of billions of dollars from the fallout of Russia's invasion, Norway could break the impasse. Håvard Halland + Knut Anton Mork
The road shoring up NATO’s ‘Achilles heel’ corridor to the Baltics: The Times reports troops can now be moved quickly to reinforce the Suwalki Gap, the slender Polish-Lithuanian border, against any Russian move toward the Baltic states.
King Charles and Queen Camilla arrive in Rome to pray with Pope: The Times reports the visit to Italy will include a landmark service, the Vatican’s first joint prayer with a British monarch since before Henry VIII’s Reformation.
King and Queen land in Rome to visit the Pope: Telegraph reports monarch set to become first to pray with the head of the Catholic Church since the Reformation.
Sarkozy taunted in prison by inmates vowing revenge for Gaddafi’s death: Telegraph reports videos show prisoners shouting insults towards the ex-French president’s solitary confinement cell.
Sarkozy will be protected by two bodyguards while in prison: Le Monde reports Interior Minister Laurent Nuñez said ex-president Nicolas Sarkozy, who was incarcerated on Tuesday after being convicted of criminal conspiracy, would have his pre-existing security detail 'maintained in detention.'
French Greens leader announces 2027 presidential bid: Le Monde reports Marine Tondelier has announced her candidacy, presenting herself as 'peacekeeper of the left.'
More French voters leaning to the far right, poll shows: Marine Le Pen's far-right Rassemblement National party is well ahead in voter preferences, according to the 13th annual 'French Fractures' survey by Ipsos for Le Monde, the Jean Jaurès Foundation, CEVIPOF, and the Montaigne Institute. Gilles Finchelstein
Germany: Far-right lawmakers accused of spying for Russia: DW reports that lawmakers from the AfD in Thuringia have been charged with attempting to obtain sensitive data for Russia through parliamentary inquiries. AfD called the allegations "bizarre conspiracy theories."
India invites Carney to New Delhi as relations warm and talks turn to a free trade pact: G+M reports that the Indian envoy says bilateral trade holds the potential of $ 50 billion annually.
Mark Carney’s budget to outline Canada’s path forward, including boosting non-US exports, insider says: Carney is expected to cast looming federal spending cuts as “responsible choices,” a source says. Toronto Star
US truck maker Paccar lays off 300 workers in Quebec ahead of tariffs: The Toronto Star reports that Paccar Inc. is laying off 300 more factory workers in Quebec due to a 25 per cent import tariff imposed by the US next month.
American truck maker to end Canadian production of vehicles sold in US, union expects 300 layoffs: G+M reports the move comes ahead of a 25% US tariff on trucks next month and will affect the company’s Quebec plant in Sainte-Thérèse.
Chinese fentanyl kingpin with 20 aliases captured in Cuba: Trump blamed Chinese gangs for the US drug crisis — Zhi Dong Zhang could prove him right. The Times
CBS News: US strikes 8th alleged drug vessel, this time on the Pacific side, killing 2 people on board
US strikes boat in Pacific, expanding operation against drug running suspects: NYT reports it was the eighth known strike, and the first outside the Caribbean, in the Trump administration’s campaign against what it says are boats carrying drugs bound for the United States.
+ America’s Coast Guard carried out another lethal strike on an alleged drug-carrying boat, this time in the Pacific Ocean, in international waters near Colombia.
Trump, Colombian leader trade threats as US strikes boat in Pacific: AFP reports Donald Trump and Colombian President Gustavo Petro traded threats on Wednesday as the United States announced its first strike on an alleged drug-smuggling boat in the Pacific Ocean, killing two.
Trump beats the drums of war for direct action in Venezuela: The administration has surged warships, planes, and troops to the Caribbean for drug interdiction. Some see the ultimate goal as toppling Venezuelan President Nicolás Maduro. NYT
Trump is courting catastrophe in Venezuela: As Donald Trump takes a victory lap — almost deserved — over the tentative cease-fire and peace deal his administration negotiated between Israel and Hamas, it is easy to forget about the regime-change war America might be fomenting in Venezuela. NY Mag
American farmers are hurting. Trump's trade war is making it worse: This is a bitter harvest season for many American farmers. There's nothing wrong with their bountiful crops. But even as grain elevators overflow with freshly picked corn and soybeans, farmers are losing money on every bushel. And there's not much relief in sight. Economist Shawn Arita of North Dakota State University says the crop sector is being hit by a "triple whammy." NPR
The average cost of a family health insurance plan is now $27,000: WSJ reports that higher spending on chronic diseases, weight-loss drugs, and hospital bills helps drive the increase.
Fortune: The ‘quiet alarm bell’ on US health costs: Employers are backed into a corner, and workers are paying the price
‘Finances are getting tighter’: US car repossessions surge as more Americans default on auto loans: Guardian reports Wall Street sounds alarm over strain throughout car lending market as experts warn of potential risks for broader economy.
BI: It's not just Florida. Real estate boomtowns are going bust.
Fortune: Corcoran Group CEO says Gen Z’s housing market struggles mirror what boomers faced 30 years ago: ‘Stop buying Starbucks coffee,’ she advises
WP: Millions may lose SNAP food stamp benefits if shutdown continues
+ Rep. Marjorie Taylor Greene tells Semafor that if her party can’t keep its promise to bring down the cost of living, it will pay the price in next year’s midterm elections.
As shutdown drags and Trump flexes, Congress cedes its relevance: “It’s like we have given up,” one Republican lawmaker said. NYT
America’s government shutdown is its weirdest yet: It is oddly tolerable for Democrats and Republicans, at least for now. Economist
Can the White House's flood-the-zone social strategy win the shutdown? President Trump’s team is trolling Democrats harder than ever during the shutdown. It's a page stolen from his campaign and his own online habits. MSNBC
NYT: White House changes course and will demolish entire East Wing
Trump said he wouldn’t touch the East Wing. Then he tore it all down. NYT reports that President Trump initially said the ballroom construction would not affect the East Wing. The White House now says it was cheaper and more structurally sound to demolish it.
Trump’s East Wing destruction echoes his tactics at Mar-a-Lago and Trump Tower: Miami Herald reports similar to the rule-breaking tactics he used when pushing through changes to Mar-a-Lago in Palm Beach and building his Trump Tower in New York, Trump’s sudden and dramatic White House overhaul has been made possible by his disdain for the rules that have protected Washington’s cohesive design. To date, he hasn’t submitted plans for review to the National Capital Planning Commission, which oversees renovation and additions to the federal buildings in the capital, including the president’s historic residence.
NY Mag: Trump says demolished White House East Wing was ugly anyway
+ “You know, the East Wing was not much,” Trump mused before the press in the Oval Office. “It was not much left from the original. It was, over the course of 100 years, it was changed, the columns were removed, it was a much different building. Then a story was added on in 1948, 1949. There was a story added on which was not particularly nice. And the building was very, very much changed from what it was originally. It was never thought of as being much. It was a very small building.”
WP: President defends East Wing demolition, raises ballroom price to $300 million
The White House didn’t need a Mar-a-Lago makeover: Call it the billionaires’ ballroom. Nia-Malika Henderson
Can anyone stop Trump’s teardown of the East Wing? Many preservationists fear the answer is no. A pro-Trump review board is expected to approve the president’s planned 90,000-square-foot ballroom. WP
Why Trump turned to the sewer: The president’s disturbing, excremental propaganda campaign. Anne Applebaum
House Republicans refer Obama CIA Director John Brennan for criminal prosecution: USA Today reports Committee Chair Rep. Jim Jordan (R-OH) said Brennan lied to Congress about the investigation into whether Russia intervened in the 2016 election to help Trump.
Holy warrior: Pete Hegseth is bringing his fundamentalist interpretation of Christianity into the Pentagon. Missy Ryan
Pete Hegseth has ‘lost respect of generals’: Military leaders gave away little reaction in Quantico. Now, senior officers have raised concerns. The Times
Fortune: Senate Democrats demand top Trump advisor Steve Witkoff provide details on crypto investments, lack of divestment
DET-MAYOR: Detroit City Council President Mary Sheffield (65%) has a 51-percentage point lead over the Rev. Solomon Kinloch Jr. (14%) in the mayoral race among 500 likely voters, according to a Detroit News and WDIV-TV poll released Wednesday.
Detroit and its outgoing mayor offer a playbook for big-city comebacks: Zohran Mamdani could learn a lot from Mike Duggan. WP-Editorial
Trump tells allies Mamdani can’t be beat in New York mayor’s race: WSJ reports in private conversations, the president says the front-runner’s lead appears insurmountable.
Sen. Jeff Merkley warns 'tyranny has arrived' in marathon floor speech protesting Trump: NBC News reports the Oregon Democrat held the Senate floor for more than 22 hours.
Indiana Republicans don’t have votes to back Trump’s redistricting, Senate leader spox says: Politico reports the news comes just days after President Donald Trump held a phone call with reluctant members.
AP: Maine Senate candidate Platner says tattoo recognized as Nazi symbol has been covered
Oops, I’ve had a Nazi tattoo for 18 years: Will Democrats keep accepting a Senate candidate’s excuses? WSJ-Editorial
John E. Sununu jumps into New Hampshire Senate race: Politico reports he has been in talks with the White House about his campaign.
Pelosi hasn’t announced her 2026 plans. A top contender is tired of waiting. NYT reports Scott Wiener, a Democratic state legislator, says he can’t afford to keep deferring to Representative Nancy Pelosi.
The latest redistricting salvo: North Carolina gerrymanders out House Democrat: Politico reports the map will likely face legal challenges, similar to efforts in Texas and Missouri.
How Obama maneuvered behind the scenes to fight Trump on redistricting: The ex-president’s involvement reflects the deep anxieties he has about Trump’s agenda and has propelled him into a more political, public-facing role than he envisioned. NYT
Democratic donors sit on sidelines as party schism persists: WSJ reports Republican National Committee had $86 million in cash reserves at start of October, compared with $12 million for its Democratic counterpart.
2028-POTUS: Sen. Cory Booker (D-NJ) is keynoting a major New Hampshire Democrats’ fundraising dinner on Nov. 14, the state party said Wednesday.
Fortune: Walmart is determined to win the Thanksgiving meal value wars with a $40 dinner for 10 people
Why everything from perfume to soap smells like food now: As demand for products scented like vanilla, pistachio, and other edible indulgences soars, some GLP-1 users say there’s a link to their changed eating habits. Bloomberg
Erie Canal, here’s to your 200th. Thanks for transforming America. The canal’s 363 miles, dug by human muscle, aided by improvised cleverness, helped build a nation. George Will
Double-decker Eurostar trains to roll into London: The Times reports Channel Tunnel passenger train operator announces €2 billion deal for 50 new Alstom Avelia Horizon trains.
Eurostar plans double-decker trains as rivals eye Tunnel: DW reports that Eurostar, the monopoly operator of the Channel Tunnel connecting the UK to the continent, has ordered 30 French-made "Celestia" trains, with an option for 20 more. The expansion comes as rival firms eye the use of the line.
Jamie Dimon wants everyone in the office. Is a $3 billion building the answer? The CEO of JPMorgan Chase spent six years putting his stamp on a shiny new headquarters, a skyscraper that he hopes will revive the glory of the office. WSJ
AI not a reliable source of news, EU media study says: AFP reports artificial intelligence assistants such as ChatGPT made errors about half the time when asked about news events, according to a vast study by European public broadcasters released Wednesday. The mistakes included confusing news with parody, getting dates wrong or simply inventing events. The report by the European Broadcasting Union looked at four widely used assistants: OpenAI's ChatGPT, Microsoft's Copilot, Google's Gemini, and Perplexity.
WSJ: Meta cuts 600 jobs in AI division
+ @sebs_tweets: Amazon Allegedly Replaced 40% of AWS DevOps With AI Days Before Crash. Make of that what you will.
Amazon testing new warehouse robots and AI tools for workers: WSJ reports the retail giant invests in technologies to help it ship ever more packages with less human labor.
Samsung takes on Apple, Meta with AI-powered extended reality headset: Nikkei reports the South Korean company readies AI glasses next, as the market moves away from bulky devices.
CNBC: GM plans to launch eyes-off driving, Google AI, and other new in-vehicle tech by 2028
+ General Motors said the conversational Google Gemini artificial intelligence will begin rolling out in its vehicles next year.
+ In the next three years, the automaker also plans to launch a new system that lets drivers go hands-free and take their eyes off the road, but still take control of the vehicle when they want.
+ The company announced other tech initiatives as part of its “GM Forward” event in lower Manhattan.
Huge AI data centers are turning local elections into fights over the future of energy: For the past two decades, data centers were considered some of the most boring infrastructure in tech—big, boxy buildings that quietly stored and processed information for websites, email, and cloud computing. They rarely drew public attention, much less became a campaign issue. Fortune
The fallout from the AI-fuelled dash for gas: A supply crunch in giant turbines for gas-powered plants threatens environmental and geopolitical consequences. FT
Schneider Electric’s CEO on how he’s rebuilding the 189-year old energy giant for the AI era Fortune
Harry and Meghan join AI pioneers in call for ban on superintelligent systems: Guardian reports Nobel laureates also sign letter saying ASI technology should be barred until there is consensus that it can be developed ‘safely.’
Steve Bannon and Meghan Markle among 800 public figures calling for AI ‘superintelligence’ ban: Politicians, corporate bosses, tech experts, celebrities, and religious leaders call for ‘prohibition’ on advanced AI systems. FT
OpenAI prioritised user engagement over suicide prevention, lawsuit claims: FT reports family of teen who took his own life after ChatGPT use alleges chatbot maker intentionally weakened protections.
Reddit sues AI search engine Perplexity for scraping its data: FT reports social media group claims the start-up harvested user conversations to train its artificial intelligence models.
DeepSeek’s surge in Africa reveals China’s AI power grab: By making AI cheaper and less power-hungry, DeepSeek has put the technology within reach of millions of people. Bloomberg
Hollywood is having an existential crisis over AI – and a Toronto company is at the heart of it: Generative AI is coming to Hollywood. Toronto-based Moonvalley, which brings together nerds and creatives under one roof, is hoping its ‘clean’ model – trained only on licensed content – will be a blockbuster. G+M
Andreessen Horowitz lines up $10bn for next wave of tech bets: Silicon Valley group seeks $6bn for growth fund, $3bn for AI deals, and $1bn to back US defence tech start-ups. FT
Is the flurry of circular AI deals a win-win—or sign of a bubble? How round-trip deals could echo history and hit a wall. WSJ
Jaguar cyberattack the UK's most expensive to date: study: DW reports factories shut for over a month, and suppliers suffered in particular. A report puts the costs at around $2.5 billion, making it the most economically damaging cyber event ever to hit the UK.
DW: Louvre Museum reopens in Paris after jewel heist
Surveillance camera pointed the wrong way allowed Louvre heist: WSJ reports officials say an outdated surveillance system left the world-famous museum in Paris vulnerable despite years of warnings.
Louvre thieves carjacked truck-mounted lift nine days before heist: Telegraph reports two men threatened driver before making away with rental vehicle and cloning number plates for raid.
Following the Louvre heist, the museum's director admits 'this theft was not inevitable': Le Monde reports that three days after the spectacular theft of eight French crown jewels, the president and director of the museum appeared before the Sénat's culture committee for nearly three hours.
America’s worst time zone: Where the clocks are off in both directions. Ian Bogost
Stellan Skarsgård knows best: The self-proclaimed “nepo daddy” is at the top of his game as a narcissistic patriarch in Sentimental Value. NY Mag
G-League guard London Johnson has committed to Louisville, a source tells @On3sports. The 21-year-old floor general spent last season in the G League with the Maine Red Claws and Cleveland Charge.
+ @NicoleAuerbach: Now official: College athletes and school staff can bet on pro sports, beginning on Nov. 1. All three Divisions have voted to approve the change, per the NCAA.
NHL deal with Kalshi, Polymarket adds to pressure on sports-betting companies: WSJ reports licensing agreement is first of its kind between a major US pro sports league and prediction markets.
Baseball has a new evil empire: WSJ reports that with a record $350 million payroll and a roster stacked with high-priced stars, the Los Angeles Dodgers have looked close to invincible as they close in on back-to-back championships.
Doug Ford accuses Ticketmaster of ‘gouging the people’ after Jays World Series tickets soar in price: Toronto Star reports resale ticket prices for the World Series games at Rogers Centre have skyrocketed, with lower bowl seats going for as much as $10,000.
New York Giants become most valuable franchise after Koch stake: Bloomberg reports the Giants deal was struck at a $10.3 billion valuation, making the franchise the most expensive team in the world, and the Patriots hit $9 billion, according to people familiar with the matter. The 49ers reached $8.6 billion, a similar valuation after a stake sale earlier this year, the people added, asking not to be named, discussing private information.
Enjoy the ride + plan accordingly.
-Marc
Marc A. Ross | Chief Communications Strategist @ Caracal
A11. | October 23
