NCAA Agrees to Let Schools Pay Players

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 24 May 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for May 24. The NCAA has agreed to settle a class action lawsuit with players who were prohibited from earning money from endorsements. It paves the way for schools to pay student athletes directly. Plus, the SEC approves a second crypto ETF. And the WSJ’s David Luhnow on how the UK is preparing for an election of the boring, as two technocrats seek to buck a trend toward populism. Peter Granitz hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:26.8	The NCAA breaks with a century of policy and says student athletes can be paid directly by their schools.
0:36.4	Plus the SEC OK is another crypto ETF, this time for ether.
0:42.0	And as populism dominates politics across the globe, why is the UK going to buck the trend?
0:47.0	It's the messy process of slowly helping people's lives, and it's not sexy, it's not very flashy but it gets the job done.
0:55.3	It's Friday, May 24th I'm Peter Grant is for the Wall Street Journal filling in for
0:59.3	Luke Vargas and here's the AM edition of What's News, the top headlines and business stories moving your world today.
1:07.0	U.S. financial regulators have, as expected, approved the first exchange-traded funds holding
1:18.8	the digital currency Ether. The House token on the Ethereum blockchain had rallied 22% this week in anticipation of the
1:26.5	SEC's decision and is now the largest cryptocurrency behind Bitcoin.
1:31.0	Journal reporter Ben Dummit says the move is at least a partial retreat on the
1:35.1	SEC's previous efforts to keep crypto out of traditional financial markets and opens the door for
1:40.9	other funds backed by smaller riskier tokens.
	...

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