American Music Fairness Act
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Gene Simmons On Music Royalties, AI | Balance of Power 12/10/2025
Bloomberg Television· 2025-12-10 19:45
Market Trends & Economic Policy - The S&P 500 is up by 0.1%, Dow Jones up by about 0.4%, while the NASDAQ Composite Index is lower by approximately 0.2% [3][4] - The 10-year Treasury yield is at 4.16%, and the 2-year Treasury yield is at 3.58% [5] - The Federal Reserve is expected to make a decision on interest rates, with anticipation of a 25 basis points cut [2][41][46] - Discussions around affordability and inflation are ongoing in Washington, with the President addressing the issue [41][42] Company & Financial News - NVIDIA shares are trading lower, down by 1% [7] - Ryan Cohen has pleaded guilty to defrauding hedge fund investors of about $300 million [8] - Radio industry made $14 billion, while artists receive zero pennies for radio airplay [20][23][32] Regulatory & Legal Issues - Gene Simmons testified on Capitol Hill for music royalties, advocating for the American Music Fairness Act [2][12][13][39] - The American Music Fairness Act aims to ensure that artists are paid for their music played on AM and FM radio [13][17][18][33] - Concerns are raised about AI regulation, with a call for federal laws to encompass AI and address issues like IP ownership [34][35][36] Geopolitical & Business Strategy - Chinese AI startup DeepSeek is reportedly relying on NVIDIA chips, potentially smuggled into China, to develop an AI model [6] - Gene Simmons sold his publishing rights to Pop House, a Swedish company, for a sum large enough to buy Rhode Island [28][29]
LIVE: Rock icon Gene Simmons testifies before Senate on artist compensation from radio stations
MSNBC· 2025-12-09 16:13
Gene Simmons of KISS fame testifies before a Senate panel on the American Music Fairness Act. It's legislation that would require radio station companies to pay performers for playing their music. » Subscribe to MS NOW: https://www.youtube.com/@msnow MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/ #trump #whitehouse #senate ...