Cathie Wood, founder of Ark Invest, posted on X stating that the US should relax regulations and weaken the influence of institutions such as the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC). Reduce government spending to make room for the private sector. Implement tax cuts and focus on technological innovation. This may be more effective in promoting the US economy than during the "Reagan Revolution." Elon Musk retweeted the post and said the proposals were "great."
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Cathie Wood proposes to weaken the power of the SEC and FTC, and Elon Musk praises it
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yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
social media platform "X" was fined 120 million euros by the European Union for violating content regulations. The European Commission stated that X violated three provisions of the Digital Services Act and gave X 60 days to provide a solution and 90 days to implement it. (Jin10) -
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