Brought to you by:
Top stories today:
- New TikTok ban bill passes in House, exp. to become law this week
- $95B Ukraine, Israel, Taiwan aid approved by House
- Tesla expected to report 1st sales drop since Covid on Tue
- Bitcoin halving raises fees, as Runes token protocol launches
- Llama 3 70B running at 284 tokens/sec., $0.79/1M tokens on Groq
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. New TikTok ban bill passes in House, expected to become law this week, as TikTok preps to challenge it
84% of the House voted in favor:
360 days (90 of which subject to a presidential waiver) for ByteDance to divest TikTok, or else face a ban.
Vs. 180 days in the previous bill.
āWe will move to the courts for a legal challenge,ā wrote TikTokās head of public policy for the Americas, Michael Beckerman, in a memo to TikTokās U.S. staff.
First Amendment arguments would likely be the main reason.
TikTokās general counsel is expected to step down, even as the company denies it is doing so immediately.
Join 26,000 leaders and professionals who have taken the first step with Sidebar.
Imagine having direct access to a small group composed of some of the most forward-thinking leaders from Fortune 500 companies and innovative tech start-ups.Ā
āThis is a radically inclusive community, peer-driven network of great perspectives.ā Subha Shetty (VP of Product Management).Ā
Learn more at sidebar.com, and see why top leaders from companies like Amazon and Microsoft, and brilliant entrepreneurs backed by leading VC firms have taken the first step towards accelerating their careers.
*Sponsored.
3. $95B Ukraine, Israel, Taiwan aid approved by House
