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President Donald Trump will sign an executive order this week to extend a deadline for TikTok’s Chinese owner to divest the popular video sharing app, the White House announced Tuesday. Trump had signed an order in early April to keep TikTok running for an additional 75 days after a potential deal to sell the app to American owners was put on ice. As he has said many times, President Trump does not want TikTok to go dark, White House press secretary Karoline Leavitt said in a statement. “This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure. Trump had told reporters aboard Air Force One as he flew back to Washington early Tuesday from the Group of Seven summit in Canada that he probably would extend the deadline again. Trump also said he thinks Chinese President Xi Jinping will “ultimately approve a deal to divest TikTok’s business in the United States. It will be the third time Trump has extended the deadline. The first one was through an executive order on Jan. 20, his first day in office, after the platform went dark briefly when the ban approved by Congressand upheld by the U.S. Supreme Courttook effect. The second was in April, when White House officials believed they were nearing a deal to spin off TikTok into a new company with U.S. ownership that fell apart after China backed out following Trumps tariff announcement. It is not clear how many times Trump canor willkeep extending the ban as the government continues to try to negotiate a deal for TikTok, which is owned by Chinas ByteDance. Trump has amassed more than 15 million followers on TikTok since he joined last year, and he has credited the trendsetting platform with helping him gain traction among young voters. He said in January that he has a warm spot for TikTok. Aamer Madhani, Associated Press
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E-Commerce
Its been almost 400 years since the leaders of New Amsterdam (now New York City) confronted a growing threat on their streets: people moving too fast. In 1652, the colonial council passed what may be North Americas first speed limit: No wagons, carts or sleighs shall be run, rode or driven at a gallop within this city of New Amsterdam, with Broadway (then a commercial corridor) as the lone exception. Violators were fined the equivalent of $150 to $200 in todays dollars, and repeat offenders could face corporal punishment. European settlers understood that speed in a dense environment is a recipe for disaster. In the 1780s, engineer James Watt used spinning flyweights to automatically regulate his steam engines to keep them from running too fast. This low-tech speed limiter became the blueprint for other automotive safety mechanisms. {"blockType":"creator-network-promo","data":{"mediaUrl":"","headline":"Urbanism Speakeasy","description":"Join Andy Boenau as he explores ideas that the infrastructure status quo would rather keep quiet. To learn more, visit urbanismspeakeasy.com.","substackDomain":"https:\/\/www.urbanismspeakeasy.com\/","colorTheme":"salmon","redirectUrl":""}} In 1901, the British Wilson-Pilcher car came equipped with a mechanical governor, limiting how fast the engine could rev. It was one of the first consumer automobiles to feature speed-limiting technology, and almost a century before modern cruise control. In 1923, Cincinnati nearly became the first U.S. city to require speed governors on all vehicles, but the proposal to cap speeds at 25 MPH failed. Auto industry lobbyists warned that mechanical limiters would reduce car sales and infringe on driver freedom. So-called Motordom still holds to that defensive position, but theyve expanded their propaganda to dismiss speed as a problem, or as you see in many car commercials, embrace speed as something their product delivers. Drivers are forcing the government to put its foot down When modern Americans are faced with a conversation about taking a foot off the gas, they tend to react by pressing their hands against their ears and giving a la-la-la-la-la, I cannot hear you, speeding is fine. The problem is, most people dont understand the dangers of driving fast in populated areas like cities and suburbs. Because they dont understand the connection between speed and safety, its only natural that theyll claim speed limiting devices are just another case of an authoritative government, elitist central planning, nanny state overreach, etc. The comments below followed a March 27, 2025 Washington Post article, and theyre hardly outliers on this topic: Another step to enslavement. The nanny state rides yet again. Big brotherism at its worst. So anyone late to an appointment has no way to get the car moving a little faster. That sounds like a grim future, particularly since so many speed limits are set pathetically low! Technology thats used to change driver behavior comes down to this fundamental issue: licensed drivers routinely choose not to govern themselves, demonstrating a need to be governed by an outside force. I dont like that we find ourselves in a situation where doors are opened for government authorities to force companies how to make a product. But we dont have to invite or even demand action by state and federal agencies if we (anyone who ever drives a motor vehicle) would simply behave better behind the wheel. Speed ruins far more lives than well ever know It’s widely known among transportation professionals that police reports focus on issues other than speed even when speed causes a calamity. For example, if someone is driving 40 MPH on a city street, and a driver who was texting says the pedestrian “came out of nowhere,” this is not classified by police as speed being a factor. But speed was a fundamental factor if the driver didn’t see or react in time to stop for the pedestrian. In the US, about 16 million people smashed their cars into each other last year, sending roughly 40,000 people to the morgue and another 2.5 million to emergency rooms. Speed is a fundamental factor in severe traffic crashes, regardless of what the police report says. Speed matters because it amplifies mistakes People will always make mistakes, but the most consequential driving errors are amplified with increased speed. Mistakes like being distracted by a child in the backseat and drifting into another lane quickly elevate the risk to the driver, passengers, and anyone else nearby when going fast. Three important things are much safer on city streets at 25 MPH than 40 MPH: What you see. Your field of view (what engineers call the cone of vision) shrinks as you accelerate, meaning you no longer clearly see the sidewalks, pedestrians, dogs, drivers about to leave a parked car, someone about to run a red light on a cross-street, etc. When you react. You dont have as much time to react to any of the events listed above. In one second, you travel about 2 car lengths at 25 MPH, but 4 car lengths at 40 MPH. Thats just one second. Think about how often drivers fiddle with their phone for one Mississippi, two Mississippi, three Mississippi. Where you stop. Even under ideal weather and pavement conditions, the moment you spot a potential danger and hit the brakes, it takes a lot more distance to stop from 40 MPH than 25 MPH. The difference between 165 feet and 85 feet can be the difference between a dead pedestrian and a close call. Speed matters because it makes crashes more severe In addition to making crashes more likely to occur, high-speed driving also increases the amount of carnage in crashes. Physics explains: [crash energy = () × (mass) × (speed)]. That squared value is everything. When you double your driving speed, the crash energy quadruples. Even a small speed increase like 5 or 10 MPH greatly magnifies the force of impact. Despite decades of signage and PSAs, people keep driving too fast in the exact places where caution matters most: neighborhoods, school zones, commercial districts, and crosswalks. Technology exists to govern people who refuse to govern themselves. But Im hoping you dont force the hands of lawmakers. Instead, I hope you (and everyone else operating a motor vehicle) will slow down in populated areas. {"blockType":"creator-network-promo","data":{"mediaUrl":"","headline":"Urbanism Speakeasy","description":"Join Andy Boenau as he explores ideas that the infrastructure status quo would rather keep quiet. To learn more, visit urbanismspeakeasy.com.","substackDomain":"https:\/\/www.urbanismspeakeasy.com\/",colorTheme":"salmon","redirectUrl":""}}
Category:
E-Commerce
On Wednesday morning, the cancer diagnostics biotech firm Caris Life Sciences rang Nasdaq’s opening bell in New York, marking the company’s awaited initial public offering. The diagnostics company’s IPO follows the successful debut of fintech companies like Chime Financial and Circle Internet Group, and will test whether investors are ready to embrace biotech companies despite declines in the sector for the last six months. Here’s what to know about the listing. What is Caris Life Sciences? Founded in 2008 by David Dean Halbert, the healthcare company utilizes next-generation artificial intelligence (AI) and machine learning for precision medicine. Through molecular analysis, Caris specializes in cancer diagnosis and treatment. According to a recent filing to the Securities and Exchange Commission (SEC), the Irving, Texas-based company currently has over 1,700 employees and over 100 biopharmaceutical partners. The company incurred net losses of $281.9 million and $341.4 million in 2024 and 2023, respectively, on revenue of $412.3 million and $306.1 million. It is expecting additional losses in the future. When is Caris Life Sciences’s IPO? Caris Life Sciences shares are expected to begin trading on Wednesday, June 18, with the offering expected to run through June 20. What is Caris Life Sciences’s stock ticker? Caris Life Sciences will trade its stock under the ticker CAI. What is the IPO price for CAI? CAI shares were priced at $21, above their previously planned range. The IPO price was planned between the $19 and $20 range, up from the previous $16 and $18 planned price. The current pricing would value Caris Life Sciences at around $5.9 billion. What exchange will the stock trade in? CAI will trade its shared on the Nasdaq Global Select Market. How many shares are available? Caris Life Sciences’s IPO will offer 23,529,412 shares. Founder and CEO Halbert is also set to retain 41.7% of ownership following the IPO.
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E-Commerce
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