NBA Head Coach, Player Arrested in Illegal Gambling Probe
WSJ Minute Briefing
The Wall Street Journal
4.1 • 671 Ratings
🗓️ 23 October 2025
⏱️ 3 minutes
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| 0:00.0 | Corporate megastores are spending millions lobbying DC politicians on one-sided policies that send small businesses tumbling. |
| 0:08.1 | They want to enact harmful credit card mandates that take resources away from your local credit union and community bank. |
| 0:14.7 | Leaving Main Street businesses with less access to credit, making it harder for your family to pay for everyday goods like gas and groceries. |
| 0:23.0 | Tell Congress to guard your card and oppose the Durban Marshall Credit Card mandates. |
| 0:28.4 | Paid for by Electronic Payments Coalition. |
| 0:34.1 | Here's your midday brief for Thursday, October 23rd. I'm Zoe Colkin for the Wall Street Journal. |
| 0:40.8 | Portland Trailblazers head coach Chauncey Billups and Miami Heat Guard Terry Rozier were arrested |
| 0:46.0 | in connection with a sweeping federal investigation into illegal gambling and game rigging in the NBA. |
| 0:51.7 | Prosecutors in the Eastern District of New York have been investigating |
| 0:54.8 | whether Rozier conspired with gamblers to manipulate his performance during a March 23 game |
| 1:00.6 | while he was playing for the Charlotte Hornets. Billups' arrest was in connection with illegal |
| 1:05.3 | gambling, not sports betting, according to people familiar with the matter. The Portland Trailblazers |
| 1:10.4 | didn't immediately |
| 1:11.1 | respond to inquiries. Rozier's lawyers said they had been in communication with prosecutors, |
| 1:16.0 | but were told he was a subject, not a target, of their investigation, up until his arrest. |
| 1:22.5 | We're exclusively reporting, Rivian is implementing a new round of layoffs, affecting around |
| 1:27.3 | 4% of its total workforce, as the electric truck maker attempts to preserve cash amid a broader pullback from electric vehicles. |
| 1:34.3 | People familiar with the matter said that more than 600 workers are slated to lose their jobs, following a smaller layoff round conducted a month ago that impacted one and a half percent of the staff. |
| 1:44.8 | The company is struggling with factors like the recent end of the $7,500 federal tax credit |
| 1:49.9 | and changes in compliance credits, which Rivian estimates could hold up $100 million in revenue. |
| 1:57.7 | And sales of existing homes increased by one and a half percent in September, reaching a |
| 2:02.7 | seasonally adjusted annual rate of $4.06 million, the highest level since February, and a |
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