Society
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The Hidden Cost of “Free” Trading
Executive Summary Commission-free trading has democratized access to U.S. equity markets, but this shift has been funded primarily through payment for order flow (PFOF)—a practice in which broker-dealers are compensated by wholesale market makers for routing customer orders. While platforms such as Robinhood market trades as “free,” regulatory disclosures under SEC Rule 606 reveal that Continue reading
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Disney’s Partnership with OpenAI’s Sora
AI-generated image Executive Summary On December 11, 2025, The Walt Disney Company announced a landmark three-year licensing agreement with OpenAI, marking Disney as the first major content partner for OpenAI’s generative AI video platform, Sora. This deal allows Sora users to generate short, user-prompted videos featuring more than 200 animated, masked, or creature characters from Continue reading