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A high-profile lawsuit may shake up the business of auto racing; meanwhile, Michael and Susan Dell make a big splash on Giving Tuesday.
A high-stakes antitrust lawsuit involving NASCAR, brought by a group that includes two of the greatest athletes in their respective sports, began this week in dramatic fashion. The owners of 23XI Racing—NBA legend Michael Jordan (hence the 23) and current NASCAR star Denny Hamlin—and Front Row Motorsports allege that the racing association bullies teams such as 23XI to accept financing or rules they don’t agree with. The first witness called was Hamlin, a three-time Daytona 500 winner, who grew emotional when talking about how he got his start in racing, as Jordan looked on from the gallery.
The Dells give back, to the futureIn one of the largest charitable commitments in history, Michael and Susan Dell have pledged $6.25 billion to help fund a new type of investment account for children. Created as part of U.S. Pres. Donald Trump’s One Big Beautiful Bill Act, the accounts would be made available to any U.S. child younger than 18. For those born between January 1, 2025, and December 31, 2028, the accounts will be seeded with $1,000 from the U.S. Treasury. The Dells’ gift would give $250 for each child younger than 10 who meets certain eligibility requirements. The government aims to have the program up and running by July 4, 2026, America’s 250th birthday.
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