↘ MARKET RECAP → Stocks fell Wednesday as new developments out of DC stoked concerns of heightened US-China trade relations.

⚠️ AI MORATORIUM PUSH → Steve Wozniak, Richard Branson, and 800 others urge tech firms to hit pause on superintelligent AI, warning the arms race could outpace safety and oversight.

🏒 HOCKEY MEETS WALL STREET → The NHL partnered with Kalshi and Polymarket to launch licensed prediction markets on games—blurring the line between fan engagement and finance.

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🤖 Big names hit pause. Over 800 tech leaders—including Apple’s Steve Wozniak and Virgin’s Richard Branson—signed a petition urging companies to slow the race toward artificial superintelligence (ASI), citing risks to safety, jobs, and humanity’s control over AI.

⚠️ Warnings multiply. The letter calls for global regulation, mandatory testing standards, and greater transparency before AI systems surpass human capability—a sentiment echoing last year’s open letters from academics and CEOs.

💬 Industry split. While some firms advocate caution, others—like OpenAI and Anthropic—continue scaling next-gen models, arguing that safety can only advance through real-world deployment.

🏒 NHL bets on prediction markets. The National Hockey League announced partnerships with Kalshi and Polymarket, making it the first major U.S. sports league to formally license real-money prediction markets tied to game outcomes and player stats.

💰 New revenue play. The deals will allow fans to trade event contracts—essentially betting on hockey milestones—while the NHL earns licensing fees and analytics data. Regulators approved Kalshi’s sports contracts earlier this year, legitimizing the space.

⚖️ Gambling or innovation? Critics call it “sports betting with extra steps,” while backers say it’s a transparent, regulated form of engagement that could reshape how fans interact with the game.

Reddit sues AI company Perplexity and others for ‘industrial-scale’ scraping of user comments (AP)

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Goldman’s hedging strategy for a market drawdown: Buy puts in these fundamentally weak stocks (CNBC)

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