As Kesha prophesied years ago, TikTok [is] on the clock [to make sure] the party don’t stop. Yesterday, President Joe Biden signed into law the controversial new bill that gives TikTok’s Chinese parent company, ByteDance, 269 days (~9 months) to sell the social media platform or else have it banned in the US.

TikTok replied: “Rest assured, we aren’t going anywhere,” CEO Shou Chew said in a video posted soon after the bill became law.

TikTok is only considering a sale as a last resort if all the legal challenges it’s promising to fling at the US government don’t pan out, Bloomberg reported. That means this showdown is likely destined for months or years of court proceedings that could delay the ban from taking effect.

• TikTok and its users are expected to file lawsuits arguing that a forced sale infringes on the free speech rights of TikTok’s 170 million monthly US users. TikTok will likely also point to potential financial harm for creators who make a living off of the platform.
• The US is expected to argue that it isn’t violating the First Amendment, and/or that there’s no other way to protect national security and American users’ data from possibly being tapped by China (which China and ByteDance deny doing).

If TikTok’s lawsuits fail…there might not be a US-approved buyer that has tens of billions of dollars and isn’t a massive tech company (because antitrust), but government and business leaders are trying to get a gang of investors together to go in on a Hamptons timeshare buy TikTok. Still, China has vowed to block any sale, and it considers the app’s precious algorithm to be a critical asset that ByteDance could retain no matter what.—ML

Behind every microchip, there’s a truck hauling the precious minerals it’s made of. The mining company that owns this truck pays ~$75k per tire, changing those every six months.

That’s why Global Air Cylinder Wheels (GACW) created a new wheel that’s designed to last the lifetime of the vehicle.

Named one of Time’s Best Inventions of 2023, the Air Suspension Wheel (ASW) is 100% recyclable, doesn’t overheat, and doesn’t shed rubber like tires do. With $3m+ in sales already, this has the potential to make waves across mining, construction, military, and more.

It’s a $280b global market opportunity for GACW. But you only have the next four days to join them! Become one of GACW’s earliest shareholders by April 29.

Trump’s absolute immunity claim comes to the Supreme Court. The high court will hear arguments today on Donald Trump’s legal team’s novel theory that a president has total immunity from federal prosecution for acts committed while in office. Though the case stems from a criminal proceeding accusing Trump of interfering with the 2020 presidential election, what the court decides will have major implications for the 2024 contest—both because of what the justices decide and what the timing of their decision may mean for Special Counsel Jack Smith’s election interference case against Trump.

SCOTUS seems split on emergency abortion access. The justices appeared to be in disagreement during oral arguments yesterday over whether a federal law allowing emergency doctors to perform abortions they consider medically necessary can overrule state bans, like Idaho’s, that outlaw the procedure in almost all circumstances. As the court continues to grapple with the implications of its decision to overturn Roe v. Wade, the division looked like it could be across not only ideological lines but gender ones as well, with conservative Justice Amy Coney Barrett asking pointed questions about Idaho’s stringent ban alongside the liberal judges.

Big AI spending boosts Meta’s costs. Meta reported record Q1 revenue yesterday, but it was overshadowed by the billions the company is spending in its efforts to win the AI race and to try to make the metaverse happen. Investors were displeased with the company’s forecast that its spending will rise by $10 billion to support AI development, sending Meta’s stock price down 15% after hours. But Zuck urged them to keep the faith, saying, “We’ve historically seen a lot of volatility in our stock during this phase of our product playbook.”

Nearly 15 years after Reggie Bush had to give up his Heisman Trophy, the college football sensation is being reunited with the symbol of athletic excellence.

The Heisman Trust announced yesterday that it reinstated Bush as a Heisman Trophy winner due to the way the rules of college football’s amateurism model have changed, marking a big win for both the former University of Southern California running back and the future of Nissan’s Heisman House commercials.

Run it back: In 2010, Bush relinquished his trophy—which honors the best player in college football each year—after an NCAA investigation found that he and his family received money and gifts from prospective agents while playing for the USC Trojans. But after the NCAA began allowing player compensation in 2021, Bush and several other Heisman winners and former teammates lobbied for his reinstatement as the winner.

The Heisman Trust said its decision followed a “deliberative process” after monitoring changes in the college football landscape, including the 2021 SCOTUS decision that paved the way for student-athletes to profit off their names, images, and likenesses (NIL).

Looking ahead…Bush filed a defamation suit against the NCAA last year over its allegation that he participated in a pay-to-play program while in school. The lawsuit is expected to continue despite Bush’s Heisman reinstatement.—CC

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It will cost you a small fee to eat, pray, and/or love in Venice this summer. Day-trip visitors must pay a little over $5 to visit the historic city starting today, making it the first major city to charge this kind of entrance fee.

The surcharge comes after numerous warnings that the city’s infrastructure cannot support the overtourism it’s experiencing. UNESCO even threatened to put Venice on its list of endangered heritage sites if local authorities didn’t make changes.

• The new fee targets single-day visitors, who account for about three out of every four tourists to the city but contribute less than 20% to total tourism spending.
• Some critics think the fee violates Italy’s constitutional right to freedom of movement, while others say it doesn’t go far enough because a measly 5-euro fee won’t make a dent in the nearly 30 million people who visit Venice every year.

Big picture: The Floating City isn’t the only travel hot spot attempting to limit tourists. Other destinations have raised tourist taxes, and Barcelona even removed a popular bus route from map apps so tourists stop clogging up public transit.—MM

Stat: Looking for a lucrative side hustle? Forget selling the stash of baseball cards you left in your mom’s basement and consider hawking restaurant reservations instead. According to the New Yorker, one college student made $70,000 last year by selling tables at hotspots like NYC’s Carbone on Appointment Trader, while a West Coast-based hotel concierge raked in $80,000 through his side gig selling resys. But be warned that competition is fierce: The New Yorker notes that in order to snag coveted dining slots, you’ll have to compete with bots and restaurant employees who are willing to risk their main jobs to get into the sales game.

Quote: “Thankfully, considering the frequency of exercise and numbers of horses involved, this type of incident is extremely rare.”

Five military horses went rogue and took a gallop through London yesterday after getting spooked when building materials from a construction site fell near them during rehearsals for the annual Trooping the Colour parade. The horses tore through the city, smashing into vehicles, and confused onlookers saw one covered in blood before all the equines were ultimately rounded up. Commanding Officer of the Household Cavalry Mounted Regiment Matt Woodward confirmed that the sight was unusual, noting that ~150 horses are exercised in the city daily, but usually without escaping.

Read: How a once-obscure liquor made by monks finally made it big—again. (Vinepair)