Axios

None of America's football or baseball teams is foreign-owned — but the English Premier League is dominated by foreign owners, especially American ones.

Between the lines: Chelsea Football Club and the Denver Broncos sold to American consortiums.

Professional sports team valuations are ruled by the law of scarcity, no matter the geography or game.

The big picture: This is a luxury toy collection at a level above yachts or private islands. Mega-billionaires — and, increasingly, institutions — are barreling into everything from the NFL to the NBA to European soccer.

The vast majority of the most-watched broadcasts on television are sports, and, in particular, NFL games.

Why it matters: Sports increasingly trounce news in their influence over the cable bundle.

Record-breaking team sales and player contracts get most of the headlines. Less discussed is all the money sloshing around the rest of the sports industry — from season ticket-holders to weekend golfers.

State of play: Sports fans and participants continue to spend big money to follow their favorite leagues, watch their favorite teams and enjoy their favorite pastimes.

Canada’s startup and venture scene undoubtedly continues to grow and mature, but it has to balance its historical strength as an exporter and international collaborator with its desire to bolster the industry at home.

Why it matters: A thriving tech sector is crucial for any country's economic growth, its ability to retain and attract skilled workers and its efforts to avoid overdependence on other nations.

The U.S. will see devastating economic consequences from the Supreme Court's decision to overturn Roe v. Wade, experts warned on Friday.

Why it matters: The landmark Turnaway Study found that women who have to carry an unwanted pregnancy were four times as likely to struggle with poverty years later. Raising a child costs over $230,000 on average, according to the Department of Agriculture.