➤ A U.S. envoy led by retired Lt. Gen. Keith Kellogg met with Ukrainian officials this week, in what President Volodymyr Zelensky called a hopeful and positive dialogue. (More)

➤ In other Ukraine news, National Security Adviser Mike Waltz said Friday he expects Ukraine to sign a minerals agreement with the U.S. as part of efforts to end the war. (More)

➤ Los Angeles Mayor Karen Bass dismissed Fire Chief Kristin Crowley on Friday, citing the need for new leadership after reviewing her response to last month’s most destructive wildfire in city history. (More)

➤ A federal judge indefinitely suspended New York City Mayor Eric Adams’ criminal case Friday while reviewing the Justice Department’s decision to drop the charges. (More)

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Goodbye Power Cord, Hello “IoT Innovation of the Year”

Nikola Tesla said powering the world without wires was of “all-surpassing importance.” This technology wasn’t possible in Tesla’s time, but a company called Energous is making it a reality today.

Energous’ patented technology is like Wi-Fi for power. It transmits power to devices through the air, eliminating the need for cables and batteries. This provides a constant, reliable energy source for IoT devices that track and deliver data in real-time. It’s such a powerful innovation, it earned Energous “IoT Innovation of the Year” honors.

But their innovation could also be crucial to retail, manufacturing, and logistics operations, a combined $650B market. Data is the oil that keeps these companies running smoothly. And thanks to Energous’ wireless power network transmitters, all of these industries could get a 24/7 flow of data without depending on batteries or cords.

That’s why Energous already landed a contract to supply wireless power network solutions to a Fortune 10 multinational retailer, opening them up to 4,700 retail locations across the U.S.

Sounds like it’s time to cut the cord and become an Energous shareholder as they work to empower businesses globally with their wireless power network solutions.

➤ The New York Yankees are amending their long-standing no facial hair policy to allow for “well-groomed beards.” (More)

➤ The MLB has terminated its contract with ESPN to broadcast Sunday Night Baseball, concluding at the end of the 2025 season. MLB Commissioner Rob Manfred was reportedly displeased with the amount of coverage baseball got on ESPN’s daily talk shows. (More)

➤ LeBron James became the first player in NBA history to achieve multiple 40-point performances after the age of 40 on Thursday night, leading the Los Angeles Lakers to a 110-102 win over the Portland Trailblazers. (More)

➤ Yesterday’s results: NBA | PGA | LPGA | NCAAM | NCAAW | NCAAB | NCAASB | Soccer

➤ A federal judge on Thursday allowed President Trump's push to shrink the federal workforce to proceed, rejecting labor unions' request to temporarily block his actions against government employees. (More)

➤ Consumer confidence dropped nearly 10% in President Trump's first month, falling from 71.7 in January to 64.7 in February, amid concerns over tariff hikes and inflation. (More)

➤ President Trump named Alice Johnson, a grandmother he granted clemency for drug offenses, as his "pardon czar" Thursday during a Black History Month event, pledging to consider her pardon recommendations. (More)

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Daily Market Report 02/21/2025

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This Tech Is Helping Solve a $300B Retail Problem

Retailers lose $300B annually due to poor inventory management. It’s largely because their data systems rely on manual updates or limited power for IoT devices like inventory trackers and sensors. That’s just one of many large-scale problems that can be solved by Energous’ wireless power solutions.

➤ Israel confirmed Friday that Shiri Bibas was not among the remains of four hostages returned, including her two children, prompting Prime Minister Benjamin Netanyahu to vow retaliation against Hamas. (More)

➤ Also in Israel, authorities suspect terrorism after three empty buses exploded and two others failed to detonate in Tel Aviv on Thursday night; no casualties were reported. (More)

➤ Germany will hold parliamentary elections Sunday to decide its leadership for the next four years, with mainstream conservative candidate Friedrich Merz leading in preelection polls. (More)

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➤ Sicilian authorities have ordered tourists to stay away from Mount Etna’s lava flows after several thrill seekers were injured or went missing following attempts to capture photos or perform risky stunts. (See Lava)

➤ A gas grill triggered an explosion at a Hawaiian resort Thursday, injuring seven people, including three critically, with one airlifted to a hospital. (See Explosion)

➤ Hooters, the casual dining chain known for its waitresses, is considering bankruptcy and restructuring due to reduced traffic and the closure of several of its 300 locations. (More)

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Do you still use a phone book?

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2. No: 22%
3. It's been a long time: 13%

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