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TODAY’S NEWS FLASH:
Political Landscape
California Supreme Court declines to stop Newsom's redistricting plan
The California Supreme Court will not prevent Democrats from moving forward Thursday with a plan to redraw congressional districts.
Kristi Noem is pushing for ICE to buy and operate a fleet of deportation planes, sources say
Homeland Security Secretary Kristi Noem is pushing for Immigration and Customs Enforcement to use an influx of funds to buy, own and operate its own fleet of airplanes to deport immigrants, two sources familiar with the discussions told NBC News. Former officials said that ICE owning and maintaining its own planes would be costly but could make it easier for the agency to potentially double the number of people it deports each month.
Global Impact
India ‘successfully tests’ nuclear-capable missile able to reach deep into China
India has said it successfully test-fired an intermediate-range ballistic missile that, when operational, should be capable of carrying a nuclear warhead to any part of China.
Kremlin is in no rush for a leaders' summit as U.S., allies talk security guarantees
The Kremlin signaled Wednesday it was in no rush to agree to a leaders’ summit with Ukraine and warned the West that talks over security guarantees for Kyiv were a “road to nowhere” without its involvement.
Learn from this investor’s $100m mistake
In 2010, a Grammy-winning artist passed on investing $200K in an emerging real estate disruptor. That stake could be worth $100+ million today.
One year later, another real estate disruptor, Zillow, went public. This time, everyday investors had regrets, missing pre-IPO gains.
Now, a new real estate innovator, Pacaso – founded by a former Zillow exec – is disrupting a $1.3T market. And unlike the others, you can invest in Pacaso as a private company.
Pacaso’s co-ownership model has generated $1B+ in luxury home sales and service fees, earned $110M+ in gross profits to date, and received backing from the same VCs behind Uber, Venmo, and eBay. They even reserved the Nasdaq ticker PCSO.
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.
Economic Pulse
Tech, chip stock sell-off continues as AI bubble fears mount
Tech stocks fell for a second day on Wednesday as investors sold off a slew of tech names amid concerns over the sustainability of the AI boom and a recent market rotation away from some of this year's biggest winners.
Trump administration's newest allegation against political foes: Mortgage fraud
In recent weeks, President Donald Trump’s administration has targeted Democratic officials over allegations of mortgage fraud, a new front in an effort to undermine critics.
Quick Takes
Practical Magic 2 is in the works, and fans of the original film cannot wait to see Sandra Bullock and Nicole Kidman make magic together on screen again.
In 1972, an Apollo astronaut spotted something strange on the surface of the moon.
Can a smiley cartoon bean help you stay focused? Hank Green, one of the earliest and most influential online creators, hopes so.
Abrupt and potentially irreversible changes in Antarctica driven by climate change could lift global oceans by meters and lead to "catastrophic consequences for generations," scientists warned Wednesday.
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