Relief on Wall Street when Fed Chair Jerome Powell says a hike in interest rates is unlikely; Labor Department data points to continuing tightness in the labor market; Peloton lays off about 15% of its workforce.

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If approved, the NCAA settlement would allow colleges to pay student athletes; business spending picks up in April, according to durable goods report; Justice Department sues to break up Live Nation, calling it a monopoly; Memorial Day travel kicks off with a major test for air travel.

Landmark settlement would change college athletics

The Justice Department is suing Live Nation, the parent company of Ticketmaster, saying that it violated antitrust law. Live Nation controls at least 80% of box office sales at major concert venues, and owns or controls more than 60% of large amphitheaters in the U.S. Yet we may not know the upshot of the lawsuit for consumers for quite some time. Also: a look inside the wide world of indie video games.
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Will the Ticketmaster antitrust lawsuit make it easier for people to get tickets?

The NCAA, the governing body for college sports, and the five biggest athletic conferences have agreed to a landmark $2.8 billion settlement of a class-action suit. If approved by a judge, it’ll means that schools would be allowed to share revenues with student athletes going forward. Then, we’ll have a conversation about capitalism and activism in college athletics. And later: Will you be “quiet vacationing” this holiday weekend?
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A major step toward paying college athletes

From the BBC World Service: Google is expanding its network infrastructure, with an aim of enhancing internet connectivity and competing in the cloud computing market. Then, days after President Biden imposed higher tariffs on EVs from China, Elon Musk says he doesn’t support them — contradicting a warning he made back in January that Chinese carmakers would “demolish” global competitors if there were no trade barriers.
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Google’s laying a subsea fiber-optic cable connecting Africa and Australia

Proceeding without permission is a time-tested practice in some corners of Silicon Valley. Well, it’s not working out so well for OpenAI. Actress Scarlett Johansson said this week the company approached her twice to voice a new AI assistant for ChatGPT-4o. She declined, only to find it had used a voice that sounds “eerily” like hers. Plus, on Capitol Hill, a House subcommittee held a hearing that could decide the future of Section 230, the provision that largely governs the internet today. We’ll explain why chatbots have entered the chat on Section 230’s future.
But first, a new report by former tech company officials and academic researchers finds far-right extremist militias are once again organizing on Facebook ahead of November’s presidential election. They recommend platforms ramp up content moderation to avoid fueling political violence. Marketplace’s Lily Jamali is joined by Maria Curi, tech policy reporter at Axios, for her take on this week’s tech news.
Our May fundraiser ends Friday, and we need your help to reach our goal. Give today and help fund public service journalism for all!

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