According to a Fox Business report, China “issued a document to ‘effectively curb’ violations of intellectual property rights such as trademarks and copyrights.” This move is aimed at increasing the chances of a trade deal between the two largest economies. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite Indexes reached all-time highs after China’s statement.

Adam Phillips, director of portfolio strategy for EP Wealth Advisors, said “I don’t think we would be seeing these types of deals if the outlook for markets and the economy weren’t favorable. This is one additional piece we can look at to see the outlook for markets is a positive one.”

Bloomberg reported that equities climbed across Asia, “led by those in Hong Kong, where local elections brought a landslide victory to pro-democracy candidates. The dollar gained versus the euro and yen.”

Andrew Yang, 2020 Democratic presidential candidate, plans to regulate the tech industry by prioritizing in giving people the right to own their personal data (“data as a property right”), thus allowing them to make money by sharing it with companies. Currently, companies entirely own users’ data – users do not have much control over it.

Yang said, “our data is now worth more than oil” and gave emphasis to the great amount of data people create and how companies make money over it. “By implementing measures to increase transparency in the data collection and monetization process, individuals can begin to reclaim ownership of what’s theirs,” he said.

He also cited a report saying that the collection and use of Americans’ personal data has become a $198 billion industry. Yang believes that people should have more control over their data, such as being able to see how their data is being used and having the freedom to opt out if they choose.

Yang added that we need politicians “who understand technology and a modern way to regulate it,” as reported by Engadget. “In order to regulate technology effectively, our government needs to understand it. It’s embarrassing to see the ignorance some members of Congress display when talking about technology, and anyone who watched Congress question Mark Zuckerberg is well aware of this,” said Yang.

Tesla CEO Elon Musk just unveiled the company’s first electric pickup truck, also known as Cybertruck, at an event in Los Angeles, California. The truck will come in three versions with 250 miles, 300 miles, and 500 miles of range, respectively. And it will start at $39,900, Musk said. The truck won’t be rolling off the assembly line until late 2021, but preorders can be made at tesla.com/cybertruck.

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