The filed contracts behind Hertz’s $80.89 million fleet-unit deal set a 35% return floor on any forced sale, give Hertz a path past 50% of the vote, and hand the investors sole power to police Hertz’s bills.
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A Kalshi working paper on 1.08 billion trades finds 0.15% of accounts forecast better than the market and pull prices toward the right answer. Its own numbers show who pays the market makers those traders beat, while Massachusetts sportsbooks cap the customers who beat the closing line.
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The FTC cleared Publicis’s $2.2 billion LiveRamp purchase on five years of neutrality promises, Brewers fans are redeeming 2015 tickets good for “even a World Series,” and Amazon is funding 12 small reactors on an Indiana coal site. Plus the Valkyries’ $100 million year and the GPUs Meta keeps idle on purpose.
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Jim Keller’s AI chip company talked with Intel, Qualcomm and others about a sale earlier this year, then raised a Series E led by Trace Capital and Innovation X instead. By standard round math, the new money bought roughly a quarter of the company.
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Kalshi filed a new broker rebate for its perpetual futures on Oct. 15, the same day it trimmed a refund for market makers. The market-maker program shuts out Kalshi affiliates. The broker program doesn’t, and most of Kalshi’s retail perps traders already go through Kalshi Prime, a broker Kalshi owns.
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Elon Musk says he’ll give a SpaceX share to every American child next year. Trump Accounts now exist for nearly every child, but Treasury’s rules for stock gifts exclude restricted securities, and SpaceX’s prospectus says Musk’s pre-IPO shares are exactly that.
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South Korea’s National Pension Service saw its disclosed Korean stock stakes fall 35.3% from June 30 to Oct. 15, with Samsung and SK hynix behind about 72% of the drop. In January it suspended the rule that would have made it sell, then raised its target for Korean stocks.
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Musk says every US child gets one of his SpaceX shares next year, South Korea’s pension fund lost about $137 billion on its Korean stocks in roughly 100 days, and stablecoin payments rose 45% with almost no new supply. Plus the money against California’s Prop 40 and the companies saying no to tokenized stock.
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Nvidia signed agreements in August with six finance firms to fund AI data centers with outside capital. A Fortune commentary says the AI race has moved to the credit desk, while Nvidia’s own blog says it may support the resale value on up to 25% of a deal.
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A $330 million factory expansion due in summer 2027 is sized for a bigger New Glenn that has no working pad yet. The FAA is still taking comments on letting the current rocket fly 50 times a year from the pad it is rebuilding, up from 12.
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