logo
Donald Trump Jr invests in sporting event that will allow steroids

Donald Trump Jr invests in sporting event that will allow steroids

Fox News13-02-2025

The Enhanced Games, the first athletic event in which performance-enhancing drugs will be 100% allowed, has backing from a prominent member of the Trump family.
The brand announced on Thursday that Donald Trump Jr.'s 1789 Capital has co-led a multimillion-dollar Series B round for the Enhanced Games.
Dr. Aron D'Souza founded the event in 2023, and the immediate backlash has been strong. He has been told his idea is unsafe, unfair and a mockery of the real Olympics.
However, Trump now joins billionaire Peter Thiel, the co-founder of PayPal, among the high-net-worth individuals to invest in the games.
"For over 100 years, elites in charge of global sports have stifled innovation, crushed individual greatness, and refused to let athletes push the limits of what's possible. That ends now," Trump Jr. said in a statement. "The Enhanced Games represent the future – real competition, real freedom, and real records being smashed. This is about excellence, innovation, and American dominance on the world stage – something the MAGA movement is all about. The Enhanced Games are going to be huge, and I couldn't be prouder to support this movement that is changing sports forever."
Added D'Souza, "With these powerhouse investors, we're building something revolutionary – sports without hypocrisy, where the best can actually be the best. Our investors see the future, and they're backing it with conviction."
Despite the criticism, D'Souza believes his event may be one of the safest in recent memory, as plenty of medical professionals will be on hand, and athletes will go through rigorous testing before they can compete.
"Ultimately, we have one shot to do this right, and if that has any health complications whatsoever, it would not only derail the company and movement we're creating, but also the social change that we're attempting to create here," D'Souza said in an interview with Fox News Digital last year.
"Ultimately, what we are doing is heavily destigmatizing performance enhancements and I think unlocking the field of performance medicine, which leads to longevity and anti-aging technologies, and the giant publicity storm that we've gone through, there's so much attention, we know the world's eyes are on us – we know we have to do this right. We know the expectations are very, very high, and there's a great prize well beyond the future of the Olympics if we do it right, so we have to do it right."
It remains to be seen when the events will take place.
Follow Fox News Digital's sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Exclusive: Zorro clinches $20M Series A for ICHRA health plans
Exclusive: Zorro clinches $20M Series A for ICHRA health plans

Axios

time35 minutes ago

  • Axios

Exclusive: Zorro clinches $20M Series A for ICHRA health plans

Health benefits provider Zorro raised $20 million in Series A funding led by Entrée Capital, CEO Guy Ezekiel tells Axios exclusively. Why it matters: As employers wrestle with rising health plan costs, individual coverage health reimbursement arrangements (ICHRAs) are gaining steam. Driving the news: Launched in 2020, ICHRAs were enabled by a Trump-era rule letting employers reimburse employees tax-free for individual health insurance instead of offering group plans. After a slow start, rule clarifications and compliance tools made them more accessible to midsized employers. Follow the money: Existing backers Pitango and 10D joined the round, which will be used to scale operations and improve support for employers. The Series A brings Zorro to $31.5 million total raised. The company is not yet profitable. How it works: New York City-based Zorro replaces traditional group plans with defined-contribution models. Employers set a budget; employees use Zorro's AI engine to select personalized plans, and brokers get real-time tools to compare group plans versus ICHRA-based options. When it onboards an employer, Zorro asks them to send their benefits roster from the previous year, asks about quality and budget priorities for the upcoming year, and helps predict what benefits employees might want next. Zorro has "several thousand" lives on the platform, per Ezekiel. Between the lines: Zorro's pitch hinges not just on cost control but on its ability to shift complex decision-making from HR to software — claiming that 75% of users enroll without human help. What they're saying: "We're giving the employer a line of sight to how his upcoming year is going to look," says Ezekiel. Reality check: While ICHRAs are gaining traction, they remain a small fraction of the employer market. Zorro's long-term success depends on widespread broker adoption and employee trust in AI-led benefit decisions. State of play: A February Bailey's report predicted the debut of several new ICHRA startups in 2025. Several others have secured recent funding. In April, Thatch raised $40 million in Series B funding led by Index Ventures and Venteur Health Insurance raised a $20 million Series A led by Informed Ventures and American Family Ventures. Remodel Health last December collected more than $100 million in a round led by Oak HC/FT and Hercules Capital.

I tried 2 ways of investing in bitcoin. One thrived and one failed miserably, teaching me a valuable lesson.
I tried 2 ways of investing in bitcoin. One thrived and one failed miserably, teaching me a valuable lesson.

Yahoo

time2 hours ago

  • Yahoo

I tried 2 ways of investing in bitcoin. One thrived and one failed miserably, teaching me a valuable lesson.

Last December, I decided to add bitcoin exposure to my portfolio through an ETF and a single stock. The iShares Bitcoin Trust ETF has climbed double digits, while Semler Scientific has underperformed. If you're a crypto beginner looking to get exposure to bitcoin, I recommend sticking to ETFs. Back in December of 2024, I decided to hop aboard the bitcoin train and add some crypto exposure to my portfolio. Markets were flush off of the recent Trump victory, there were whispers of a national bitcoin reserve, and bitcoin had recently broken the $100,000 threshold for the first time. The cryptocurrency had gone mainstream enough for late adopters like myself to deem it investable. For my first foray into bitcoin, I purchased a share of Blackrock's iShares Bitcoin Trust Trust (IBIT). I later added a share of Semler Scientific (SMLR), a healthcare technology company that holds bitcoin on its balance sheet. I wanted to try multiple methods of investing in bitcoin. In hindsight, I realize I committed the classic retail investor impulse: buying in because of FOMO. Sure, positive investor sentiment led to gains in bitcoin, as well as the ETF I bought that was designed to track the crypto. But my stock purchase proved ill-timed. Almost six months later, bitcoin has crossed new all-time-highs, and I have mixed feelings on my investment. I opted to buy IBIT instead of actual spot bitcoin because it was a more accessible way to get exposure. I didn't want the hassle of setting up a Coinbase account. Plus, buying a single share in an ETF was more psychologically appealing than buying a tiny fraction of a bitcoin (I did not have a spare $100,000 or the risk tolerance to buy an entire bitcoin). The performance has been encouraging. Year-to-date, IBIT is up about 14%, outpacing a 12% gain for bitcoin itself. It's done its job of tracking the crypto, and even added a little extra. And it's far outperformed the S&P 500, which is up just 2% in 2025. ETFs can experience slight tracking differences due to management fees, operational costs, and the timing of inflows and outflows. But if you want a rough proxy of bitcoin performance without actually owning the underlying asset, IBIT gets the job done. A year and a half over its launch, IBIT has gained incredible popularity, growing to over $70 billion in assets under management. Robert Cannon, a financial advisor at Experity Wealth with a specialization in alternative assets, recommends his bitcoin-curious clients to start with the ETF. "It's the easiest, cleanest representation of bitcoin, compared to some of the other strategies that are a bit esoteric," Cannon told me. The ETF wrapper has really helped bitcoin adoption take off in the last year, Rahul Sen Sharma, president and co-CEO at the custom index provider Indxx, told me. Sharma's seeing a surge in interest for bitcoin and digital asset ETFs, and he believes Trump's continued support for crypto will pave the way for more mainstream adoption. Getting bitcoin exposure through other methods was indeed more esoteric — and much less profitable. I added Semler Scientific to my portfolio on January 8, 2025, and it's down more than 40% since then. There's a growing trend among companies to add bitcoin to their balance sheets, with Strategy, Tesla, and GameStop being one of the most prominent examples. The president's own Trump Media and Technology Group has recently raised $2.5 billion to buy bitcoin. Semler Scientific started adding bitcoin to its balance sheet in May of last year and now holds over 4,000 bitcoins. It sounds like a good idea in theory: holding bitcoin as a reserve asset could be a hedge against inflation and dollar weakness, and could also lead to capital appreciation as bitcoin takes off. Some companies like Strategy have had tremendous success. The firm has accumulated over half a million bitcoins, and the stock has outperformed the underlying crypto year-to-date. However, it's hard to replicate the scale and expertise of Strategy. While many of Cannon's clients often inquire about bitcoin treasury companies like Strategy, he usually recommends they stick to the basics with an ETF. There were also company-specific headwinds for Semler Scientific. The company had been under investigation from the Department of Justice for allegedly misleading claims about one of its medical devices. My takeaway from the experience is that buying a single stocks as a bitcoin proxy is probably not a good idea. When you buy into a bitcoin treasury company, you're also inheriting all of its company-specific risks. That includes everything from management decisions and financial health to legal exposure, product performance, and market sentiment around the core business. As a result, the benefits of diversification with bitcoin are watered down. If you're looking for bitcoin exposure, either buying the real thing or a spot ETF is your best bet. Maybe the strategy from here on out is to close out of my position in SMLR and do some tax-loss harvesting this year. Read the original article on Business Insider Sign in to access your portfolio

Pope Leo XIV sends message of hope to Chicago and U.S. during White Sox broadcast
Pope Leo XIV sends message of hope to Chicago and U.S. during White Sox broadcast

Los Angeles Times

time2 hours ago

  • Los Angeles Times

Pope Leo XIV sends message of hope to Chicago and U.S. during White Sox broadcast

In his first words directed specifically to Americans, Pope Leo XIV told young people on Saturday how to find hope and meaning in their lives through God and in service to others. 'So many people who suffer from different experiences of depression or sadness — they can discover that the love of God is truly healing, that it brings hope,' the first American pope said in a video broadcast on the giant screen at Rate Field, the White Sox baseball stadium on Chicago's South Side. The event — set in Leo's hometown and at the home stadium of his favorite major league team — was organized by the Archdiocese of Chicago in honor of his recent election as pope. Leo seized the opportunity to speak directly to young people, tying his message to the Roman Catholic Church's ongoing Jubilee year of hope that was declared by Pope Francis. In Saturday's message, Leo urged those listening in the stadium and online to be beacons of hope capable of inspiring others. 'To share that message of hope with one another — in outreach, in service, in looking for ways to make our world a better place — gives true life to all of us, and is a sign of hope for the whole world,' he said. The afternoon program, emceed by Chicago Bulls announcer Chuck Swirsky, highlighted Leo's roots, including music by the city's Leo Catholic High School Choir and a musician from Peru, where Leo lived and worked for years. There was also a discussion featuring a former teacher of the future pope as well as a high school classmate and fellow Augustinian. The event also celebrated the mixing of Catholicism and baseball, including a special invitation from the team for Leo to throw out a ceremonial first pitch at a future White Sox game. Leo, formerly Robert Prevost, was elected May 8, becoming the first American pope in the 2,000-year history of the church. Leo, 69, spent his career serving as an Augustinian missionary and ministering in Peru before taking over the Vatican's powerful office of bishops. He succeeded Pope Francis, who died April 21. 'When I see each and every one of you, when I see how people gather together to celebrate their faith, I discover myself how much hope there is in the world,' Leo said in the video message. The program was followed by a Mass celebrated by Cardinal Blase Cupich, the archbishop of Chicago who was part of the conclave that elected Leo. Meyer writes for the Associated Press.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store