Fortis’ News of the Week:
- Bill that would require Bytedance to sell TikTok to a US company or shut it down sailed it’s way through legislature and was signed by the President.
- LA Metro to begin using AI powered cameras on buses to ticket cars parked illegally. To ensure fairness, humans will view the videos to confirm violations.
- New York Stock Exchange to test round-the-clock trading. 24 Exchange is currently seeking SEC approval.
- US birth rates drop to a record low after the initial uptick during the COVID-19 pandemic.
- The EU has deemed Shein as a “Very Large Online Platform” which will require it to be subject to the same rules as Meta and Google.
