Wednesday, May 21, 2025

Politics

President Trump unveiled details Tuesday for his proposed “Golden Dome” missile defense system, saying it will be fully operational within three years and cost $175 billion—far less than earlier projections. (See Details)

Also on Tuesday, Trump met with House Republicans in a closed-door Capitol Hill session to rally support for his sweeping legislative package, urging party unity and telling members to “stop fighting and get it done.” (More)

The Senate unanimously approved a bill Tuesday to eliminate federal taxes on tips, one of President Trump’s campaign promises. The bill heads now to the House. (More

Two senior members of Mexico City Mayor Clara Brugada’s team were killed in a targeted attack in a central part of the capital, officials confirmed Tuesday. (More)

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The Flyover

Zillow’s Co-Founder Has a Big New Idea

Spencer Rascoff co-founded Zillow, scaling it into a $16B real estate giant. But everyday investors couldn’t invest until after the IPO, missing early gains.

“I wish we had done a round accessible to retail investors before Zillow’s IPO,” Spencer later said. 

Now he’s doing just that. Spencer has partnered with Austin Allison, another Zillow exec, to launch Pacaso. Pacaso’s co-ownership marketplace is disrupting the $1.3 trillion vacation home market. And unlike Zillow, you can invest in Pacaso as a private company.

With over $110 million in gross profits and rapid international expansion, Pacaso is scaling fast. Investors like Softbank, Maveron, and more are already on board. They even reserved the Nasdaq ticker PCSO.

But you don’t have to wait. Join them as a Pacaso shareholder for just $2.80/share by 5/29.

Sports

Power Four conferences are threatening to expel teams if schools don’t sign a contract that promises they’ll abide by the forthcoming House v. NCAA settlement terms on athlete compensation. (More)

One minor baseball league is experimenting with challenges on checked swings, using Hawk-Eye technology to dispute strike calls in the minors. (More)

NFL owners will allow players to compete at the 2028 Olympics, where flag football will make its international debut. (More)

Dallas Cowboys quarterback Dak Prescott tops the NFL in average salary, while Cincinnati Bengals wide receiver Ja’Marr Chase leads all non-QBs. See every position’s highest-paid players at the link. (More)

Yesterday’s results: MLB | NBA | WNBA | NHL | NCAAB | Soccer

Finance

Trend Line Daily Market Report   05/20/2025

NASDAQ
National Association of Securities Dealers Automated Quotations
19,142.71
-0.38%
SPX
S&P 500
5,940.46
-0.39%
DJI
Dow Jones Industrial Average
42,677.24
-0.27%
BTC
Bitcoin
$106,757.60
1.09%
GOLD
Per Ounce
$3,297.00
2.11%
EXP
Eagle Materials Inc.
$220.69
-8.79%
Bitcoin and gold are traded 24 hours a day.

➤ Big Stock Move: Eagle Materials stock fell nearly 9% on Tuesday after the company reported lower profit due to adverse weather and higher production costs. (More)

Home Depot announced it will keep its prices steady after Walmart came under fire for warning of price hikes related to tariffs. (More)

Levi Strauss is selling its Dockers brand to Authentic Brands Group for $311 million. Authentic will own Dockers’ intellectual property while partner Centric Brands will take over operations. (See Details)

Elon Musk said he’s committed to staying on as Tesla’s CEO for another five years and would significantly cut his political spending. (More)

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Join 200,000 investors who get Opening Bell Daily in their inbox—It’s packed with stock market analysis and Wall Street data you won’t find anywhere else. Subscribe for free.

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The Key to a $1.3T Opportunity

A new trend in real estate is making the most expensive properties obtainable. It’s called co-ownership, and it’s revolutionizing the $1.3T vacation home market.

The company leading the trend? Pacaso. Created by the founder of Zillow, Pacaso turns underutilized luxury properties into fully-managed assets and makes them accessible to the broadest possible market. 

The result? Over $1B in transactions, 2,000+ happy homeowners, and $110M+ in gross profits for Pacaso.

Now, after 41% YoY gross profit growth last year, Pacaso recently reserved the Nasdaq ticker PCSO.

Leading firms like SoftBank and Maveron already invested. Join them as a Pacaso investor for just $2.80/share by 5/29.

This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.
Science & Technology

➤ CERN, the European nuclear-research organization, has developed a portable containment system that can safely transport antimatter while maintaining low temperatures and magnetic stability. (More)

➤ The University of Michigan’s ZEUS laser, the most powerful in the U.S., test-fired a 2-quadrillion watt pulse in a fraction of a second, over 100 times the electricity output of the entire planet. (See Laser)

➤ New study shows that mice can instantly recognize social rank using airborne odors and physical scent cues—a process that mirrors how humans gauge social status through visual cues like clothing or expressions. (See Details)

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The Rotator

Wisdom Wednesday

Wisdom Wednesday is brought to you by:

The Flyover

A psychologist who studies couples identifies five key weekend activities that people in the happiest relationships prioritize to strengthen their bond. (See Activities)

Clear boundaries protect your time, energy, and mental health—and they’re essential for healthier relationships and self-esteem. Here are 11 ways to draw the line politely. (See Ways)

Imagining worst-case scenarios—a Stoic practice called negative visualization—can reduce fear, boost gratitude, and help you find purpose in the present, not just the outcome. (See Details)

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Et Cetera

➤ A maintenance worker at the Orleans Justice Center was arrested for aiding the escape of 10 inmates last week by turning off water to a toilet covering a hole in a cell wall. (See Details)

➤ The Chicago Sun-Times published a summer reading list featuring 15 books, the first 10 of which were fakes generated by artificial intelligence and submitted by a freelance writer. (See List)

➤ French police have recovered a long-lost memorial bust of The Doors’ frontman Jim Morrison, stolen 37 years ago from Paris’ Père Lachaise Cemetery, where it marked the singer’s grave. (See Bust)

➤ Jordon Hudson, the 24-year-old girlfriend of 73-year-old UNC coach Bill Belichick, has told at least one person they are engaged, according to reports. (More)

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The Liver Antioxidant Discovery Doctors Can’t Ignore

While millions take milk thistle without meaningful results, researchers have identified the true master antioxidant your overtaxed liver desperately needs. This remarkable compound, which your body produces less of after age 50, works by replenishing the precise molecule your liver requires to process medications, environmental chemicals, and even alcohol—something no conventional supplement addresses. (Learn More)
Poll Position

If your best friend confided in you that they’re in love with someone way older or younger, would you:

  1. Support your friend
  2. Raise an eyebrow
  3. Stage an intervention
  4. Stay out of it
 

Yesterday’s Results:

Have you ever smelled a Callery pear tree?

  1. Yes: 12%
  2. No: 83%
  3. I called 911: 5%

Quote BoxDaily Quote

Quote

“Afternoon, everybody!”

George Wendt as Norm Peterson, on Cheers

TriviaToday’s Trivia

What river flows through the most countries? 

Show me the answer

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