Afternoon Coffee: Dodd-Frank Rollback Faces Obstacles, Tech Companies File Legal Brief Against Travel Ban

The Securities and Exchange Commission’s efforts to scale back the Dodd-Frank Act faces a lengthy amendment process, and potential litigation will only prolong it, according to legal experts and former SEC staff who spoke with the Wall Street Journal.

Trump vs. Silicon Valley

On Sunday night, 97 tech companies filed a legal brief opposing the Trump administration’s controversial entry ban, which affects citizens from seven predominantly Muslim countries. Companies behind the “rare coordinated legal action” include Apple, Facebook, Google, Lyft, Microsoft, Netflix, Salesforce, Twitter and Uber, the Washington Post reported.

Super Bowl Spending

Americans were expected to spend $14.1 billion total on Super Bowl-related food, decorations and team apparel, according to the National Retail Federation. And according to an estimate by the American Gaming Association, Americans were expected to bet, mostly illegally, $4.7 billion on this year’s game.

Aporkalypse Avoided

While ceaseless demand for bacon has indeed caused the frozen pork belly supply to fall to record lows, we are not running out of bacon. The Ohio Pork Council admitted that their original press release warning of “potentially declining U.S. bacon supply” was just a marketing ploy.

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