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Tuesday, March 25, 2025

Good Morning! On this day in 1954, RCA started producing its first color TV set, the CT-100. The 15-inch television sold for $1,000 or the equivalent of $7,850 today.

In a world where foxes prowl moonlit streets and pigeons dine on forgotten fries, this collection of award-winning wildlife photography reminds us that beauty and wildness still bloom in the cracks of our everyday lives. See more in the Et Cetera section below.

Today's sponsor is New Sapience, offering an investment opportunity in new AI technology.

Journalist Added to Secret U.S. Officials Chat

The White House confirmed Monday that a journalist was inadvertently added to a texting group chat involving senior national security officials discussing imminent U.S. military strikes against Houthi rebels in Yemen.

Jeffrey Goldberg, editor-in-chief of The Atlantic, received an invitation to the encrypted chat on the Signal platform and followed detailed discussions about strike targets and timing before the March 15 military operation.

In the chat, Vice President JD Vance reportedly expressed private reservations about the strike, noting potential economic risks and questioning its strategic importance.

The National Security Council acknowledged the chat's authenticity and is reviewing how the journalist was included.

Stocks Rise on Trump Tariff Narrowing

The major U.S. stock indexes jumped Monday, driven by optimism that President Trump’s upcoming reciprocal tariffs, set for April 2, would be narrower than announced.

Trump hinted at leniency over the weekend, suggesting he might impose tariffs lower than those charged by other countries, easing concerns about a trade war’s impact on inflation and growth.

Subsequently, the Dow jumped nearly 600 points, while the S&P 500 and Nasdaq climbed 1.8% and 2.3%, respectively. The 10-year Treasury yield rose to 4.33%, and Bitcoin jumped 3% to nearly $88,000.

Trump also announced a new 25% tariff on imports from any country buying Venezuelan oil, alongside expanded tariffs on Venezuela itself.

List: World’s Largest Defense Budgets

The U.S. maintained its dominance in global defense spending in 2024, allocating nearly $1 trillion—more than the next 12 countries combined, according to the International Institute for Strategic Studies.

China followed with a $235 billion budget, while Russia ranked third at $146 billion. However, due to lower domestic costs, their actual military capabilities could be greater than these figures suggest.

NATO allies in Europe and Canada averaged 2% of GDP on defense, compared to the U.S.’ 3.4%. See a graphic here.

In the U.S., most Pentagon funds now go to just five major defense contractors, raising concerns about reduced competition and efficiency. See the in-depth research paper here.

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➤ A federal judge blocked the Trump administration from using the Alien Enemies Act to deport Venezuelans, ruling that migrants are entitled to individual hearings to determine gang membership. (More)

➤ President Trump told the New York Post that he would give a full and unconditional pardon to Devon Archer, Hunter Biden's former business partner and whistleblower, calling Archer a victim of alleged Biden family corruption. (See Details)

➤ Alina Habba, a former personal attorney of President Trump, has been appointed as interim U.S. Attorney for New Jersey, effective immediately. (See Details)

➤ President Trump demanded Colorado remove a portrait of himself from the State Capitol, calling it "purposefully distorted" and criticizing the artist for creating what he considers the worst depiction of a president. (See Portrait)

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Final 3 Days: Back a Team of Founders with $350M in Exits Combined

The clock is ticking on this opportunity to join a rocket scientist, an astronaut, and the co-inventor of the personal computer as they pioneer the next evolution in AI.

It's far from the first time this team has successfully grown a business — with $350M in previous exits and 100 patents combined. But this latest innovation could be their most groundbreaking yet, and you have just 3 days left to invest in New Sapience while they're private.

It's called Synthetic Intelligence, which lets machines learn and reason cognitively, like humans.

While ChatGPT and other Large Language Models just rearrange words and "hallucinate", this is an opportunity to blaze the trail for a machine that truly understands and never makes things up. Bill Gates said that a company that builds a true AI could be "worth 10 Microsofts."

New Sapience's potential market is also huge–anyone with a smartphone and almost every business in every industry.

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➤ Iowa named Ben McCollum its new head basketball coach, replacing Fran McCaffery, who was fired 10 days ago. McCollum led Drake to the second round of the NCAA tournament this year, losing in the second round to Texas Tech. (More)

➤ Legendary skier Lindsey Vonn finished second in the women's super-G at the Stifel Sun Valley World Cup Finals—likely her final race in her home state of Idaho. (More)

➤ Los Angeles Dodgers shortstop Mookie Betts has reportedly lost 15 pounds due to an unnamed illness. (More)

Today's March Madness section is brought to you by:

➤ The NCAA men’s Sweet 16 lineup is now set, with the next round of games scheduled for Thursday and Friday, followed by the Elite Eight on Saturday and Sunday. Here’s a scouting report on each of the 16 finalist teams. (See Rankings)

➤ In the women’s tournament, No. 1 Texas beat No. 8 Illinois 65-48, and No. 2 NC State defeated No. 7 Michigan 84-49 Monday as the first round of the women’s NCAA tournament wrapped up, setting the women’s Sweet 16 lineup for this Friday. (See Matchups)

➤ The NCAA tournament is setting ratings records for CBS and TNT Sports, despite a relative lack of close games. Viewership is up 6% over 2024, and the TV networks said it was the most-watched first round ever. (More)

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➤ Why You’re Aging Faster Than Your Parents. If you feel like you’re aging faster than your parents and grandparents did… you’re not crazy. An article published by Environmental Health Perspectives found that even though Americans are living longer, they aren’t spending those years vibrant and healthy.

Click here to see the truth behind our accelerated aging.

Daily Market Report 03/24/2025

▲	NASDAQ National Association of Securities Dealers Automated Quotations	18,188.59	2.27%
▲	SPX S&P 500	5,767.57	1.76%
▲	DJI Dow Jones Industrial Average	42,583.32	1.42%
▲	BTC Bitcoin	$88,486.69	2.83%
▼	GOLD Per Ounce	$3,014.10	-0.14%
▲	TSLA Tesla Inc	$278.39	+11.93%

Bitcoin and Gold are traded 24 hours a day.

➤ Big Stock Move: Tesla's stock experienced a 12% rebound on Monday, marking its best day in 2025 after falling for nine consecutive weeks. (More)

➤ Genetic testing company 23andMe filed for bankruptcy Sunday and announced CEO Anne Wojcicki is stepping down after years of revenue struggles, privacy concerns, and a major data breach. (See Details)

➤ Hyundai, a leading South Korean car manufacturer, plans to invest $20 billion in the U.S., including a new $5.8 billion steel plant in Louisiana, aimed at creating 5,500 jobs. (More)

➤ A Georgia jury has ordered Bayer, the parent company of Monsanto, to pay nearly $2.1 billion to John Barnes, who claims that the Roundup weedkiller caused his non-Hodgkin’s lymphoma. (More)

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3 Days Left: Solving the Biggest Problem with AI

Today's artificial intelligence makes mistakes. That's because it doesn't truly know anything and can't learn or think the way humans do. This is about to change thanks to New Sapience—and you have 3 days left to invest in the company.

New Sapience is creating what they call "Synthetic Intelligence" that truly comprehends language and explains its reasoning. And the potential here is staggering. Bill Gates says a company that can build a true AI would be "worth 10 Microsofts."

What's even better is that you can still invest at $4 per share if you get in before the current deadline. The price is changing soon, so there's no time to waste: Become a New Sapience shareholder by March 27th at midnight PST.

This is a paid advertisement for New Sapience's Regulation CF Offering. Please read the offering circular at https://invest.newsapience.com/

➤ SpaceX launched a classified National Reconnaissance Office satellite Monday afternoon from Cape Canaveral, part of a $160 million national security contract. (See Details)

➤ MIT engineers have developed a new kind of artificial muscle for soft robots that mimics the human iris and flexes in multiple directions. (More)

➤ A retired engineer volunteering at an archaeological dig in Scotland discovered a 1,000-year-old Pictish ring that may offer new insight into a powerful but little-understood kingdom—and still glints in the sun. (See Ring)

➤ The 2025 Campspot Awards list North America’s top campgrounds, celebrating unforgettable stays, outstanding amenities, beautiful locations, and the best in outdoor adventure experiences. (See Winners)

➤ The village of Mürren in the Swiss Alps, previously unreachable except by mule, has opened the world’s steepest cable car, which climbs 775 meters from the town of Stechelberg on the valley floor below up to the tiny, car-free hamlet in just four minutes. (See Photos)

➤ Luggage maker Rimowa has introduced a program to buy back, refurbish, and resell its aluminum suitcases. The company reconditions the cases for functionality—without removing dents, scratches, and stickers—and then sells them for a premium. (More)

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➤ Mia Love, the first Black Republican woman elected to Congress, has died at 49 at her home in Saratoga Springs, Utah. She served two terms representing Utah and had been battling brain cancer since 2022. (More)

➤ Multiple incendiary devices were found Monday morning at a Tesla showroom in Austin, Texas, prompting the FBI to announce it was launching a task force to investigate attacks targeting Tesla. (See Details)

➤ Tiger Woods confirmed his relationship with Vanessa Trump, the ex-wife of Donald Trump Jr., in an Instagram post on Monday, writing, "Love is in the air and life is better with you by my side." (See Couple)

➤ The 2025 British Wildlife Photography Awards celebrated wildlife in both natural and urban settings, with standout images including a fox navigating city streets and a deer roaring in the rain. (See Winners)

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➤ Car insurance costs to hit record highs in 2025. With car insurance premiums projected to reach a record $2,101 annually in 2025, it's more important than ever to make sure you're not overpaying. In fact, switching car insurance providers could save drivers over $1,300 a year, according to a 2024 survey. See if you could save with Money's best car insurance list.

Do you call them fireflies or lightning bugs?

Yesterday's Results:

Have you ever participated in a national polling survey?

Yes: 49.9%
No: 34.1%
Does this count?: 16%

Daily Quote

"The thread is a demonstration of the deep and thoughtful policy coordination between senior officials."

— Brian Hughes, National Security Council spokesperson, on the leaked group chat discussing U.S. strike plans against Yemen's Houthi rebels

Today's Trivia

Which U.S. city has the most miles of canals in the world?

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