 Technology |
Technology |
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Crypto leaders spend big on Arizona Democratic primary |
A super PAC funded by leaders in the crypto industry, along with other GOP donors, are throwing their weight behind one side in a Democratic House primary in Arizona. |
The race gaining the attention from the crypto world and GOP donors is between former state Sen. Raquel Terán (D), Phoenix Councilwoman Yassamin Ansari and physician Duane Wooten are running to replace Rep. Ruben Gallego (D-Ariz.), who is running for Senate, our colleague Rafael Bernal reported. Protect Progress, a crypto-funded super PAC, has spent more than a million dollars on independent ads supporting Ansari, whose campaign has also received nearly $200,000 from GOP donors.
"It's disgusting to watch outside millionaires and billionaires try to buy this seat. It's really abhorrent to see this more and more – California and New York rich people thinking Latino politicians and Latino voters are just pawns in their games of power that they can just move around on a game board or spreadsheet," said Chuck Rocha, a Democratic strategist.
"The whole community and the [Congressional Hispanic] Caucus has come together for Raquel, and we are gonna stand and fight to keep this seat." Terán is backed by Bold PAC, the Congressional Hispanic Caucus (CHC) campaign arm, and has been endorsed by Reps. Raúl Grijalva (D-Ariz.) and Pete Aguilar (D-Calif.), the senior statesman and highest-ranking members of the CHC, respectively.
"This is a blatant effort by an outside group to silence the voices of over half a million Latinos in a majority-Latino district in order to buy a seat in Congress. Raquel Terán has dedicated her career to championing the rights of Latinos across the state," said Bold PAC Chair Rep. Linda Sánchez (D-Calif.).
"Instead of supporting an exceptionally qualified Latina and the only one in the race, this group has decided to work against the Latino community by pouring in over $1 million against her. This undermines the ability of Latinos to choose their own representative, and it undermines the progress Bold PAC has spent decades fighting for." Read more in a full report by Rafael Bernal at TheHill.com. |
Welcome to The Hill's Technology newsletter, we're Rebecca Klar and Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. |
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How policy will be impacting the tech sector now and in the future: |
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Shares in several major technology companies recovered on Monday after suffering heavy losses last week. Tesla was up 5.2 percent as of market close Monday, while Nvidia climbed 4.8 percent and Meta, the parent company of Facebook and Instagram, rose 2.2 percent. Google parent Alphabet also climbed 2.2 percent, while Microsoft was up 1.3 percent. The only Magnificent Seven stocks to fall Monday were Amazon and Apple, which … |
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WarnerBros. Discovery (WBD) is making a last-ditch effort to secure the next round of NBA rights and retain its status as a leading broadcaster of the league’s games. In a statement on Monday, Turner Sports, which is owned by WBD, said the NBA had “notified us of its intention to accept other offers for the games in our current rights package, leaving us to proceed under the matching rights provision, which is … |
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What do coconut trees have to do with Vice President Harris? The tropical fruit-bearing plant has quickly become an informal symbol of support for her presidential campaign, thanks to an anecdote about her mother that she told more than a year ago. President Biden made the history-making decision Sunday to drop his reelection bid and endorsed Harris to take his place against former President Trump on the November ballot. Harris, … |
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Delta has canceled or delayed more than 1,100 flights on Monday as it struggles to recover from a massive technology outage that first froze air travel nationwide on Friday. The airline canceled about 690 flights and delayed about 420 on Monday, according to the tracking service FlightAware. It comes a day after Transportation Secretary Pete Buttigieg called out Delta for the lingering cancelations and delays from Friday's … |
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News we've flagged from the intersection of tech and other topics: |
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Harris campaign energizes progressives online |
Progressive content creators said they are feeling energized about the party's chances after the announcement that President Biden would end his campaign and endorse Vice President Harris, NBC News reported. |
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AI chatbots struggle to keep up with the news |
Artificial intelligence (AI) powered chatbots have struggled to keep up with the rapidly evolving news cycle, offering incorrect information in the wake of President Biden's decision to drop out of the 2024 race and an assassination attempt on former President Trump, The Washington Post reported. |
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Upcoming news themes and events we're watching: |
- Public Citizen and the Vanderbilt Policy Accelerator will host a virtual event about AI regulation to protect consumers and the environment featuring Sens. Ed Markey (D-Mass.) and Brian Schatz (D-Hawaii) Wednesday at 2:30 p.m. ET.
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Two key stories on The Hill right now: |
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Secret Service Director Kimberly Cheatle faced a barrage of questions Monday about the assassination attempt of former President Trump but offered … Read more |
| Vice President Harris on Monday appeared close to locking down the Democratic presidential nomination weeks before her party's convention, as would-be … Read more |
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Opinions related to tech submitted to The Hill: |
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You're all caught up. See you tomorrow! |
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