Morning Brew Daily DOJ Sues Live Nation & Car Insurance Hits 50-Year High
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May 24, 2024 The Department of Justice is setting its sights on Live Nation and Ticketmaster for monopolistic practices, igniting discussions about their power in the entertainment world. In a surprising twist, the SEC has greenlit the second-largest crypto ETF. Meanwhile, car insurance rates are hitting a 50-year high as auto repairs become increasingly pricey. There's also a playful debate over whether New York or Connecticut holds the title of pizza capital. And for the adventurous eaters, cicadas are popping up on menus as an unusual delicacy!
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DOJ vs. Live Nation
- The DOJ is suing Live Nation for maintaining an illegal monopoly in the live entertainment industry.
- They aim to separate Ticketmaster from Live Nation, alleging anti-competitive practices.
Usher at Red Rocks
- Neal and Toby use Usher as an example of how Live Nation leverages its concert promotion and ticketing arms.
- They explain how Live Nation pressures venues into using Ticketmaster by offering popular artists.
Spot Ether ETFs Approved
- The SEC approved applications for spot Ether exchange-traded funds (ETFs).
- This decision paves the way for easier Ethereum investment through traditional exchanges.