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Law banning TikTok is upheld by appeals court

The clock is ticking.

A federal appeals court rejected TikTok’s petition to overturn the law that may lead to a ban on the popular social-media platform within months.

“The First Amendment exists to protect free speech in the United States,” the court said in its opinion. “Here the Government acted solely to protect that freedom from a foreign adversary nation and to limit that adversary’s ability to gather data on people in the United States.”

There are certainly question marks that remain, like whether TikTok’s Chinese owner ByteDance could make a deal to transfer the app to US ownership before the deadline, and how President-elect Donald Trump, who has professed his love for the platform during this campaign, would treat the app once he’s in office. But as it stands, without a divestiture, the law is set to ban TikTok on January 19, one day before Trump is inaugurated in Washington.

It’s unclear what this will mean for rival tech companies that have short-form video posts, like Meta and Alphabet’s YouTube.

There are certainly question marks that remain, like whether TikTok’s Chinese owner ByteDance could make a deal to transfer the app to US ownership before the deadline, and how President-elect Donald Trump, who has professed his love for the platform during this campaign, would treat the app once he’s in office. But as it stands, without a divestiture, the law is set to ban TikTok on January 19, one day before Trump is inaugurated in Washington.

It’s unclear what this will mean for rival tech companies that have short-form video posts, like Meta and Alphabet’s YouTube.

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Saleah Blancaflor

Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

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