Winner of MrBeast’s $10,000,000 ‘Beast Games’ will only receive $5.03 million after taxes.

OpenAI has been talking to the movie industry’s largest studios for months, but those talks have yet to produce any deals. Studios are reluctant to get into business with an AI company as it may anger the labor unions that they work with.

OpenAI found a receptive audience among some filmmakers when it released its Sora AI video generator early last year, but conversations with studios have been more complicated. Screenwriters and actors have been urging studios to police tech companies and ensure that their work isn’t being used illegally.

While studios recognize that AI is already changing how people work, they are reluctant to hand over their most valuable assets to large tech firms without receiving a significant payout.

What do you make of this?

In a move that’s stirring up conversation, Trump’s official watch is now available for purchase, and it’s not just any luxury item—it’s a symbol of his latest presidential chapter. The watch, which can be bought using Bitcoin or TRUMP tokens on the Solana blockchain, is creating a buzz, both for its exclusivity and the controversial timing.

This limited edition series, each piece individually numbered, marks not just the start of his new term as president but also a bold push to merge politics with the burgeoning world of digital currencies. As the newly inaugurated president, Trump is not only navigating the high-stakes political landscape but is also making his presence felt in the crypto space, all while using his position to further brand his legacy.

For those interested in supporting the Trump brand, purchasing the watch is as easy as selecting the “Solana Pay” option on the website, allowing for payments in either Bitcoin or TRUMP tokens. The question arises: Is this merely a move to capitalize on his newly acquired presidential status, or is it part of a larger strategy to intertwine politics with the growing digital economy?

#BTC

With the country divided, this move is bound to spark debates. Some might see it as a bold entrepreneurial venture, while others could argue it’s an opportunistic exploitation of the presidency. As Trump enters his second term, it’s clear that he’s continuing to push boundaries in ways few expected.

The financial markets are currently experiencing a meltdown, with every drop strengthening expectations that the Fed will step in to offer support. Bitcoin (BTC), the leading cryptocurrency by market value, has seen an 8% decrease trading at $75,800. US stocks are also facing a rough patch, with S&P 500 futures down by roughly 5% on Monday alone, and an overall loss of approaching 15%.

Traders are betting on the Fed taking similar action as in the past and intervening in the current financial crisis with rate cuts and other stimulus measures. The CME FedWatch Tool indicates that the federal funds futures market is pricing in as many as five rate cuts by 2025. There’s a 61% probability of a 25 basis point cut at the upcoming May 7 meeting, which would bring the target range to 4.25-4.50%. By the end of the year, the market predicts the fed funds rate could drop as low as 3.00-3.25%.

The risk-off sentiment, combined with concerns about slowed growth and the bets on Fed rate cuts, have caused Treasury yields to plummet. The 10-year yield, a crucial benchmark for the US economy, has dropped to 3.923%. This decline in yields is believed to make it easier for the Treasury to refinance trillions of dollars in debt over the next year.

The Trump administration’s strategy of focusing on short-term Treasury bills, rather than longer-dated coupon issuance, is believed to be a contributing factor to this refinancing urgency. While this approach may have initially supported liquidity, it has resulted in a significant amount of expensive short-term debt that now needs to be rolled over.