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| Hello, N2K’ers! | This week, our world famous News HaikuTM competition focuses on news that Albania’s prime minister has “hired” an AI-generated “Minister” (a.k.a. a robot) to root out corruption. Send me your haiku by Thursday at noon Eastern for consideration. Now let’s talk about the news you Need2Know, eh? | —Matt Davis, Need2Know Chedditor | | News You Need2Know | | If you like this newsletter, why not forward it to a friend so they can subscribe here? If you don’t, why not forward to an enemy? Thank you! |
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| | What’s the stock market up to, eh? | $SPX ( ▲ 0.47% ) $DJI ( ▲ 0.11% ) $NDX ( ▲ 0.94% ) | | Companies mentioned in today’s newsletter | xAI, $TSLA ( ▲ 3.56% ) , $ZM ( ▲ 0.77% ) , TikTok, $SONY ( ▲ 0.45% ) | | Trump wants to cut quarterly financial reporting | | President Trump has once again proposed reducing the frequency of financial reporting for public companies, revisiting an initiative from his first term. In a post on Truth Social, Trump suggested shifting from quarterly financial reports to semiannual reporting. “This will save money, and allow managers to focus on properly running their companies,” he said. | Quarterly reporting has been a requirement for public companies in the U.S. since 1970. However, Trump’s proposal mirrors practices in many European markets, which require only twice-yearly reporting. While the change could lower costs for companies and decrease the administrative burden, critics argue it would reduce transparency for investors and the public. | Personally I just love that $NVDA ( ▼ 0.04% ) is under mad pressure every three months to make even more money than the quarter before, but I can see why Trump has a point here. Let us know what you think in today’s poll below. | Treasury Secretary Scott Bessent supported the broader deregulatory push, describing it as “part of President Trump’s bold agenda to unleash American prosperity by reining in burdensome regulations.” | | | Song of the day: Acopia, “Real Life” |  | Acopia - Real Life |
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| Melancholy and seductive, this electronic pop track was recorded in an abandoned office building. “When will you realize I am obsessed with you/ Promise me you’ll always try to make it work,” go the lyrics. It’s sort of how I feel about cheese. | | You should totally subscribe to this magazine | | Cheddar’s sister publication Sunset Magazine is offering N2K readers a mad discount through September, you can get a year’s subscription for almost 50% off with discount code: N2K20 | | From luxury nature getaways to expert gardening tips, each issue is packed with inspiration to elevate your home, adventures, and way of life. |
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| | Free yourself from advertising forever! | Now you can sign up for an optional ad-free version of Need2Know! Subscribe for just $5 a month, or $50 a year, and you can continue to enjoy this reasonably high-quality newsletter uninterrupted. Bonus: The immense satisfaction that comes from supporting journalism*! | | Keep This Stock Ticker on Your Watchlist | | They’re a private company, but Pacaso just reserved the Nasdaq ticker “$PCSO.” | No surprise the same firms that backed Uber, eBay, and Venmo already invested in Pacaso. What is unique is Pacaso is giving the same opportunity to everyday investors. And 10,000+ people have already joined them. | Created a former Zillow exec who sold his first venture for $120M, Pacaso brings co-ownership to the $1.3T vacation home industry. | They’ve generated $1B+ worth of luxury home transactions across 2,000+ owners. That’s good for more than $110M in gross profit since inception, including 41% YoY growth last year alone. | And you can join them today for just $2.90/share. But don’t wait too long. Invest in Pacaso before the opportunity ends September 18. | Invest While You Still Can | Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. | *This counts as journalism, right? | |
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| US and China move closer to TikTok deal | | U.S. and Chinese officials have a framework agreement addressing concerns over the Chinese-owned social media app TikTok. The popular app — boasting 170 million U.S. users — has been at the center of national security debates, with Washington fearing potential access to American user data by Beijing. | The deal is set to transition TikTok to U.S.-controlled ownership. Speaking after negotiations in Madrid, U.S. Treasury Secretary Scott Bessent highlighted the deal’s dual aims of safeguarding U.S. interests while maintaining key elements cherished by the Chinese side. “They’re interested in Chinese characteristics of the app, which they think are soft power. We don’t care about Chinese characteristics. We care about national security,” Bessent said. | President Trump, instrumental in brokering the agreement, expressed optimism on his Truth Social platform, writing: “A deal was also reached on a ‘certain’ company that youn |
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