A bipartisan congressional committee examined the growing influence of private equity in youth sports, expressing concerns over rising costs and reduced access for families. Lawmakers discussed potential interventions to ensure investment prioritizes children's development over profit.
Robinhood Ventures Fund I announced a $75 million investment in OpenAI, purchasing common stock to provide retail clients price exposure via venture tokens. The investment is one of RVI's largest to date. Shares rose 14% to $27.85. The move raises regulatory questions about token holders' legal rights, as OpenAI previously stated the tokens do not represent equity and the company did not partner with Robinhood.
The Phalaborwa Rare Earths Project in South Africa received a US$50 million equity investment from the US International Development Finance Corporation, part of accelerated US efforts to secure critical minerals independent of China. The project extracts rare earth elements from industrial mining waste at a former chemical processing plant. The Trump administration plans to deploy nearly US$12 billion to create a US strategic reserve for critical minerals essential for electronics, EVs, robotics and defence systems.
