In an interview with "Axios on HBO," New York Stock Exchange president Stacey Cunningham rejected comparisons between stock market investing and gambling.
Between the lines: Sen. Elizabeth Warren recently said "investors big and small are treating the stock market like a casino," in response to last month's situation with GameStop, Reddit and Robinhood. Cunningham says Warren is wrong.
The FBI offers some advice for the lovelorn on this Valentine's Day: The way to heartbreak is through your bank account.
Why it matters: The coronavirus pandemic has mostly left the search for love online, and the FBI says it's seen a rise in reports of scams that seem tooffer romance, but are actually seeking to wrangle money or financial information from their victims.
Open-source the vaccines. That's the message being sent by the People's Vaccine Alliance, a coalition that includes Amnesty International, Oxfam, and UNAIDS.
Why it matters: Manufacturing capacity needs to be scaled up dramatically — and cutting out the need for laborious, expensive and secretive negotiations with vaccine patent holders could help.
One of Silicon Valley's most formidable venture capital firms is doubling down on content, putting some tech media outlets on edge.
Why it matters: Andreessen Horowitz isn't interested in traditional journalism, but, in an era where content and reach is power, it wants to exert more influence over how people think about tech and business issues.
The Biden administration has ruled out requiring negative COVID-19 tests for passengers on domestic flight for now, per multiplereports on Friday.
Driving the news: Transportation Secretary Pete Buttigieg told "Axios on HBO" earlier this month that the U.S. was considering the possible mandate. But the White House said Friday that the Centers for Disease Control and Prevention is "not recommending required point of departure testing for domestic travel" at this time, per Bloomberg.
The Biden administration says it will keep tariffs on some European wine, cheese and other food products, despite lobbying efforts by industry groups that argue the levies harm U.S. businesses.
The big picture: In a filing Friday, the Office of the U.S. Trade Representative said it "is unnecessary at this time to revise" the tariffs. The U.S. imposed the tariffs as part of a 17-year dispute over European subsidies for Boeing rival Airbus.
Executives at the center of the GameStop trading saga — including from Reddit and Robinhood, plus hedge funds Melvin Capital and Citadel — will testify before Congress next week, the House Financial Services committee announced on Friday.
Why it matters: The virtual hearing is the first since the fallout of the Reddit stock trading frenzy that pushed stocks like GameStop and AMC Entertainment to meteoric heights — and the first time some of these executives will speak publicly about it.