Nvidia has finalized its previously announced investment in Intel, purchasing $5 billion worth of shares as revealed in a recent filing. This transaction, executed at $23.28 per share, involved over 214.7 million shares and serves as a significant financial boost for Intel. The investment received clearance from U.S. antitrust agencies, solidifying the deal. While Nvidia shares experienced a slight dip, Intel’s stock remained relatively stable following the announcement.
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PepsiCo, Walmart hit with class action over alleged price-fixing is definitely something to unpack. It seems like the core of the issue is a class action lawsuit alleging that PepsiCo and Walmart colluded to inflate prices at other retailers, effectively giving Walmart an unfair advantage. This is not exactly shocking news in the world of big business, is it?
The essence of the claim is that PepsiCo provided Walmart with preferential wholesale pricing, while simultaneously forcing other retailers to pay higher prices for the same products. This would, if true, be a violation of antitrust laws, essentially stifling competition and potentially harming consumers who end up paying more for their favorite beverage at various stores.… Continue reading
Following an antitrust lawsuit filed by Michael Jordan and 23XI Racing against NASCAR, a settlement was reached after an eight-day trial, granting all teams permanent charters. The agreement, celebrated by Jordan and NASCAR chairman Jim France, will allow a focus on racing, ending months of disputes. The settlement also ensured revenue sharing changes and will return 23XI and Front Row their charters in 2026. The resolution came after testimony revealed internal communications that, in the judge’s opinion, was great for NASCAR and the future of the sport.
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Retired NBA legend Michael Jordan testified in the NASCAR antitrust case, sharing his perspective as co-owner of 23XI Racing. Jordan, a longtime fan of the sport, expressed his belief that a lawsuit was necessary to challenge a business model he perceived as unfavorable to teams and drivers. He cited concerns about the economic viability of the charter system, the lack of negotiation from NASCAR, and the ultimatum presented to teams regarding charter extensions. Jordan highlighted issues with the revenue split and the absence of a shared responsibility for growth and loss, drawing comparisons to the NBA’s business model.
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Michael Jordan is slated to testify in a federal antitrust trial against NASCAR, as his co-owned 23XI Racing team, along with Front Row Motorsports, alleges the racing circuit is a monopoly. The lawsuit, filed in 2024, claims NASCAR limits team revenues and freedom by requiring standardized cars and parts from approved suppliers. The teams are also contesting NASCAR’s charter system and the league’s control over track approvals. Jordan has stated he is fighting for the rights of smaller teams as well.
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Judges don’t trust the DOJ anymore. It’s a stark reality, isn’t it? The bedrock of our justice system, the presumption of good faith in the actions of the Department of Justice, is crumbling. It feels like we’re watching the slow, painful dismantling of a system designed to be impartial, replaced by one that seems increasingly susceptible to political manipulation. This isn’t a new phenomenon, but the intensity and brazenness with which it’s happening now are alarming. We’re seeing a growing bipartisan concern about this very issue.
The erosion of trust is multifaceted. It begins with the simple act of a DOJ lawyer misrepresenting facts in court, or presenting fabricated “evidence”.… Continue reading
Tyson, Cargill to pay $88 million to consumers in beef price-fixing lawsuit, a settlement that feels like a small dent in a much larger problem. It’s hard not to feel a mix of frustration and cynicism when you hear about these kinds of agreements. On the one hand, it’s good that some money is going back to consumers who were likely overcharged for their beef. On the other hand, $88 million just doesn’t seem like much when you consider the potential scale of the price-fixing and the immense profits these companies likely made from it.
The whole situation seems to be a recurring theme.… Continue reading
Tyson Foods will pay $85 million to settle a consumer lawsuit accusing the company of conspiring with competitors to inflate pork prices. This settlement, which is the largest in over seven years of antitrust litigation, will bring consumers’ total recovery to $208 million. The preliminary agreement requires court approval and marks Tyson as the last publicly traded company to settle in the case. The alleged price-fixing conspiracy, involving multiple companies, reportedly occurred from 2009 to 2018.
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In 2024, the U.S. death rate returned to pre-pandemic levels, with nearly 3.1 million deaths reported by the CDC. Heart disease and cancer continued to be leading causes of death, accounting for over 40% of the fatalities. Drug overdoses and unintentional injuries were the third leading cause of death. While COVID-19 contributed to tens of thousands of deaths, it fell out of the top 10 leading causes for the first time since the pandemic began.
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John Q. Hosedrinker 
Matt Underwood