In partnership with
The ice cream shop that makes money when it's cold
28 Wishes sells ice cream in Los Angeles. Below 70°F, sales fall about 20%. The weather is out of their hands. Rent isn't.
So the owners started putting about $20 a day into Kalshi weather markets, taking the cold side. The days that keep customers away now pay something back.
This is hedging. Big companies have done it for decades, buying protection against bad weather, fuel spikes and rising rates. It used to take a broker, a trading desk, and an order size no corner shop could meet.
Kalshi opens it up. Contracts on weather, fuel prices, inflation, tariffs and regulation, starting at a few dollars. Take a position on the outcome that would hurt you. If it hits, the payout softens it. If it doesn't, the contract expires and the good month was the point.
⚖️ POLICY & REGULATION
Trump Tells The UN The US "Totally Rejects" Any Global Scheme To Control AI: In his Sept. 22 address to the General Assembly, President Trump said the United States "totally rejects any attempt to construct a globalist scheme to control" AI and that he is "not going to stifle growth of something that will be bigger than the industrial revolution," likening warnings about AI risk to climate forecasts he called failed. He also said the government will call the technology "super intelligence" because "artificial" sounds fake. AI regulation dominated the week's UNGA agenda, and the Security Council holds its session on AI and international security today. Link
Spanberger Asks All Four Congressional Leaders For National AI Guardrails: In a Sept. 22 letter to Speaker Mike Johnson, Majority Leader John Thune, and Minority Leaders Hakeem Jeffries and Chuck Schumer, the Virginia governor said a national framework is needed for risks states cannot handle alone, citing data privacy, workforce displacement, cybersecurity and the energy and resources AI consumes, and warned against leaving oversight to the companies building the systems. It follows her Executive Order 22 creating a state AI task force last week. The National Association of State Chief Information Officers is pressing Congress in the other direction, to preserve states' authority to regulate AI. Link
Bessent Emerges As The Leading Candidate For Trump's AI Czar: A source told Reuters on Sept. 22 that Treasury Secretary Scott Bessent could take the AI czar role Trump promised Saturday alongside a new "AI Force"; a second source said no final decision has been made, and Treasury did not comment. Bessent already led Sunday's AI-risk talks with Vice Premier He Lifeng in New York, where the US proposed a national-security incident notification channel for the Trump–Xi summit that opens Thursday. Link
UK Regulator Moves To Put AI Assistants On Google's Choice Screens, Comments Due Oct. 9: The Competition and Markets Authority's toughened proposal, published Sept. 23, would require Google to offer a choice of search providers when users set up an Android phone or open Chrome, prompt them once a year to pick a default instead of the single settings toggle Google preferred, and let AI assistants such as ChatGPT and Perplexity that meet technical and security criteria appear on those screens. It adds a requirement that search providers attribute publisher content so users can reach the source. Google has held strategic market status in search since October 2025; a final decision is expected by year-end. Link
Senate Staff Are Barred From The Agentic Tools Congress Is Debating: A spring memo from the Senate sergeant at arms, obtained by NPR and reported Sept. 23, limits Senate offices to Microsoft Copilot Chat, Gemini Chat for Google Workspace Enterprise Plus and ChatGPT Enterprise; agentic tools such as OpenAI's Codex and Anthropic's Claude Code and Cowork are not authorized. "Lawmakers are writing rules for technology they, in many cases, never even used and that's a problem," said Chamber of Progress CEO Adam Kovacevich. Link
Counties tightened data center rules in four states last night. The federal moratorium has not moved since March.
S 4214, the Artificial Intelligence Data Center Moratorium Act, by Sen. Bernie Sanders (I-Vt.), introduced March 25 and referred the same day to Senate Commerce, Science, and Transportation, where Docket Room lists no cosponsors and no hearing. It would bar building or upgrading AI data centers, meaning facilities used for large-scale model development or rated above 20 megawatts, until Congress enacts laws requiring federal safety review and approval of AI products. Docket Room puts its odds at 2%. The pause is happening locally instead: on Tuesday Pennsylvania's legislative leaders ruled out a statewide moratorium in favor of local control, while Baltimore County extended its own through 2027, St. Joseph County began drafting a ban and Prince William County ended by-right approvals.
STATES
Prince William Supervisors Vote 8-0 To End By-Right Data Center Development: The Sept. 22 zoning text amendment shrinks the Data Center Overlay District the county created in May 2016 and requires a special use permit, and a board vote, for projects outside it. Pending proposals get a 90-day grace period; a motion by Supervisor Stewart for no grace period failed 3-5 over fears of a "gold rush" of filings. A 500-foot setback the Planning Commission recommended goes to a commission hearing in November and a board hearing in January. Link
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