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- Trump Targets Ticket Scalpers 🎟️
Trump Targets Ticket Scalpers 🎟️
Ryan Serkes
April 01, 2025
The
Daily Trade
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Hey Daily Traders,
President Donald Trump's new executive order targets ticket scalping, aiming to curb price-gouging and enhance transparency in the live entertainment industry. This move could significantly impact major players like Ticketmaster, as it addresses the use of bots and high resale prices that limit affordable access for fans.
Seattle's affordable housing crisis deepens, with rapid population growth outpacing housing development, leading to skyrocketing rents and increased homelessness. Experts warn of potential worsening conditions as construction slows and demand rises, highlighting the urgent need for sustainable housing policies.
Here's what's happening today:
- 🎟️ Trump targets ticket scalpers with new executive order.
- 🏠Seattle's affordable housing crisis deepens.
- ⚖️ Geron faces investor lawsuit over misleading statements.
- 🌿 FMC and Bayer team up on new herbicide tech.
- đź”— Momentum launches innovative DEX on Sui blockchain.
Question
Do you think President Trump's executive order will effectively curb ticket scalping and make live events more affordable, or will scalpers find new ways to bypass these regulations?
Reply to this email with your answer
Stock Market  President Donald Trump has signed an executive order targeting ticket scalping and high fees in the live entertainment industry. The order aims to curb price-gouging by scalpers and ensure price transparency throughout the ticket-purchase process. It directs the Federal Trade Commission to take enforcement action against unfair practices in the secondary ticketing market. This initiative, which aligns with some of President Joe Biden's consumer protection efforts, seeks to restore fairness in a market that generates significant economic impact and supports numerous jobs across the country. The executive order is part of Trump's broader campaign to combat high ticket prices, which he has criticized as 'very unfortunate.' The administration highlights that scalpers often use bots to acquire large quantities of tickets, reselling them at exorbitant prices, depriving fans of affordable access to events. The order also mandates a report on the effectiveness of these measures and potential further actions to protect consumers. This move could have implications for major ticketing companies like Ticketmaster, which has faced legal challenges over its market practices. Key Takeaway
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Real Estate  Seattle's affordable housing stock has dwindled significantly over the past decade, contributing to a surge in homelessness. The city's rapid population growth, driven by the tech boom, has outpaced housing development, leading to skyrocketing rents and a shortage of affordable units. As older, affordable buildings undergo renovations, rents have doubled, pushing low-income residents out of the city or onto the streets. The construction boom in recent years has slowed rent hikes, but affordability remains out of reach for many. Experts warn that the conditions that exacerbated Seattle's housing crisis could return as construction slows and demand increases. The pandemic temporarily eased population growth, but the trend is reversing, and construction costs have risen sharply. Without significant intervention, Seattle may face renewed competition for limited housing, further straining low-income households and exacerbating homelessness. The city's experience underscores the critical need for sustainable housing policies to address affordability and prevent displacement. Key Takeaway
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Stock Market Geron Corporation is facing a class action lawsuit alleging that the company misled investors about its revenue prospects and the success of its drug, Rytelo. The lawsuit claims that Geron made false or misleading statements regarding its projected revenue outlook and downplayed risks related to competition and market awareness. As a result, when the company disclosed disappointing financial results, its stock price plummeted by over 32%. The lawsuit highlights the challenges Geron faces in penetrating the market with Rytelo, a telomerase inhibitor for oncology treatment. Investors allege that the company's optimistic projections did not align with the reality of market conditions, leading to substantial losses. This legal battle underscores the importance of transparency and accurate reporting in maintaining investor trust and confidence in the pharmaceutical industry. Key Takeaway
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Stock Market FMC Corporation has partnered with Bayer to introduce Isoflex™ active herbicide technology to the European market. This collaboration aims to provide an effective solution for controlling resistant grass weeds in cereals and other crops. Isoflex™ active has already been registered in Great Britain and is awaiting regulatory approval in the European Union. The herbicide offers lasting control of key grass weeds, addressing a critical need in European agriculture. The partnership between FMC and Bayer is expected to expand market access and provide European growers with a vital new tool for weed management. By leveraging their combined expertise, the companies aim to enhance food security and support sustainable agricultural practices in the face of climate change and increasing pressure on food systems. This collaboration highlights the importance of innovation and strategic partnerships in addressing global agricultural challenges. Key Takeaway
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Crypto  Momentum has launched the world's first ve(3,3) decentralized exchange (DEX) on the Sui blockchain, aiming to drive the next wave of DeFi innovation. The DEX combines a token launch platform with a unique tokenomics model that aligns incentives among liquidity providers, traders, and protocols. Momentum's launch is supported by significant liquidity and a trading competition to attract users and enhance adoption. The ve(3,3) model ensures that all emissions, trading fees, and rewards flow directly to users, creating a flywheel effect for growth. By leveraging Sui's capabilities, Momentum aims to offer superior user experience with lower fees and deeper liquidity. This launch positions Momentum as a key player in the Sui ecosystem, contributing to the rapid growth of DeFi and expanding access to decentralized trading solutions. Key Takeaway
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Today's Technical Analysis
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Hold | ULTOSC Sell | STOCH Sell |
RSI Sell | MFI Sell | WillR Sell | AO Sell |
CCI Sell | BBANDS Sell | ULTOSC Hold | STOCH Sell |
RSI Buy | MFI Buy | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Hold | STOCH Hold |
RSI Hold | MFI Hold | WillR Buy | AO Buy |
CCI Buy | BBANDS Buy | ULTOSC Buy | STOCH Buy |
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Technical Indicator Information
Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30
Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20
Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80
Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75
Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal
Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20
Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100
Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band
Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price
Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0
Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30
Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI
Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25
Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.
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