The Pro Sports Move Costing DC Billions & 'Nerds' Candy Sweet $500M Business
Dec 14, 2023
28:38
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Topics include the move of Washington DC's sports teams, Tesla's recall, the abortion drug heading to the Supreme Court, rising cardboard prices, high school cheating, and OpenAI's deal with Axel Springer.
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Quick takeaways
Tesla is recalling over 2 million vehicles in the US to improve autopilot software after multiple crashes.
The move of Washington Wizards and Washington Capitals to Northern Virginia is a win for the state's economy but a blow to DC's struggling downtown area.
Deep dives
Tesla Recalls Nearly Every Vehicle in the US
Tesla is recalling nearly every vehicle it has ever produced in the US, totaling over 2 million vehicles. This recall is to improve the autopilot driver assist software, which has been linked to several crashes. Owners will receive a free software update to tighten up restrictions on the auto steer feature.
Sports Arena Shifts to Northern Virginia
The NBA's Washington Wizards and the NHL's Washington Capitals are moving from their current downtown DC location to Northern Virginia. The move is seen as a win for Virginia, as it brings another major sports team to the state and boosts economic development. However, it is a blow to DC's struggling downtown area, which has been impacted by remote work and declining foot traffic.
Supreme Court to Review Ruling on Key Abortion Drug
The Supreme Court will review a lower court decision regarding Mifepristone, a prescription medication used in more than half of all abortions in the US. The ruling could make it more difficult to obtain the drug, impacting reproductive rights. This case is seen as significant as it is the first reproductive rights case to reach the High Court since Roe v. Wade was overturned.
Episode 213: Neal and Toby explain why Washington DC's pro sports teams are moving to Northern Virginia and the financial implications it will have on both regional economies. Plus, Tesla recalls 2 million vehicles and access to a key abortion drug heads to the Supreme Court. Neal shares his favorite numbers and ChatGPT is paying a mass media company to use it's content. Finally, Nerds Candy has exploded from being worth $50 million to $500 million.
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