Forbes Daily: Delta Pulls A Major Travel Perk For Members Of Congress
Amazon is coming for Waymo’s robotaxi dominance—but first it must clear regulatory hurdles.
The company’s self-driving vehicle unit Zoox is expanding its fleets in San Francisco and Las Vegas, and is now testing in Austin and Miami. Zoox’s toaster-shaped vehicles have carriage-style seating, sliding doors and no steering wheel, accelerator or brake pedal, but the company needs a waiver to operate its unique vehicles.
“Amazon wouldn’t be spending billions of dollars on Zoox if this weren't the plan,” Jesse Levinson, the company’s cofounder and CTO, told Forbes. “Otherwise, it would just be an expensive science project.”
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Delta Air Lines suspended security line-skipping privileges for members of Congress, a major travel perk for lawmakers, as the partial government shutdown continues and wait times reached four hours at some airports. President Donald Trump suggested Tuesday he won’t be happy with any deal Republican lawmakers make to end the shutdown and restore pay to TSA officers, who have been calling out of work in record numbers.
MORE: While TSA officers have been without pay for more than a month, ICE officers—who were controversially deployed to airports across the U.S.—are still collecting a paycheck. Though the shutdown impacts the Department of Homeland Security, ICE agents continue to be paid thanks to a $75 billion sum allocated in last year’s One Big Beautiful Bill Act, which made ICE the highest-funded federal law enforcement agency.
Meta must pay $375 million as a New Mexico jury ruled Tuesday that it enabled child exploitation on its platforms and misled users about the platforms’ impact on children’s mental health. The company is facing a spate of lawsuits accusing it of willfully contributing to a youth mental health crisis and designing its platforms to be highly addictive to children.
A court struck down a Department of Treasury rule that required reporting for cash residential real estate transactions, which had been originally enacted in an effort to expand anti-money laundering reporting. The decision is another setback for the Treasury’s broader transparency agenda, and while it could appeal, it’s unclear whether this administration will have the appetite to do so.
In a continuation of his shifting rhetoric on Iran, President Donald Trump claimed his goal of regime change has been accomplished, though he also said he doesn’t know who the new leader is. The comments come after Trump said Monday that Iran and the U.S. were in talks for a “total resolution of our hostilities in the Middle East,” while Iran has yet to publicly acknowledge that such negotiations took place.
The fire truck hit by a jet at LaGuardia Airport did not have a transponder that would have triggered an alarm before the crash, the National Transportation Safety Board said. As officials investigate possible causes of the deadly collision, NTSB Chair Jennifer Homendy told reporters that “many many things went wrong.”
The IRS says more than $1.2 billion in tax refunds remain unclaimed from the 2022 tax year, and time to claim them is running out. Taxpayers typically have three years to file and obtain their refund, meaning the window for 2022 closes on April 15. Plus, failing to file can mean missing out on refundable tax credits like the Earned Income Tax Credit.
Why Crypto Is Obsessed With AI Agents
Crypto has spent the better part of the last 15 years asking ordinary people to put up with an absurd amount of hassle just to move money around. Memorize this 12-word phrase. Understand gas fees. Accept that your money is gone forever because you pasted the wrong address into a box.
But it has finally found an explanation for why it was built this way. Crypto was never really designed for people, the argument goes. It was meant for machines—the tireless bots that don’t care about ugly interfaces, lose seed phrases or need an 18-year-old Polymarket trader to explain the difference between Base, Polygon and Optimism.
Coinbase’s chief executive Brian Armstrong has become one of the loudest evangelists of this idea. “Very soon there are going to be more AI agents than humans making transactions,” he wrote on X earlier this month.
What a convenient new pitch for an industry that has spent years promising to rewire finance but mostly succeeded at reinventing speculation. But it may also be the first one in years that feels intuitively plausible. For all of crypto’s chaos, it offers something traditional finance still does not: the ability to move funds, secure and fully encrypted instantly, globally, at any hour.
McKinsey projects that AI agents could mediate between $3 trillion and $5 trillion in consumer commerce by 2030—more than the current value of the entire crypto market, which sits at about $2.4 trillion. Countless crypto firms are now racing to invent, or reinvent, themselves for this emerging class of users.
WHY IT MATTERS “Crypto may have finally found its perfect customer: not everyday consumers, who have shown limited appetite for the industry’s jargon and complexity, but increasingly powerful AI agents that never sleep,” says Forbes deputy editor Nina Bambysheva. “And as more dollars, stocks, bonds and funds move onto blockchain rails, those agents could begin to do more than just make payments, potentially taking over functions now performed by financial advisors and traditional asset managers.”
MORE Paradigm And Stripe Roll Out New Payment Standard For AI Agents With Visa’s Support
Rising prices at the pump are fueling interest in electric vehicles, and some EV makers are seeing their stocks recover even as the industry struggled after President Donald Trump scrapped buyer incentives last year:
Near $4: Where the average price for a gallon of gas in the U.S. sat Tuesday after rising more than $1 over the last month, according to AAA
22.4%: How much of total car research activity on car-shopping site Edmunds was dedicated to electric or hybrid vehicles during the week of March 2
60% less: The amount the typical driver saves on fuel costs over an electric vehicle’s lifetime, according to Consumer Reports
It’s a tough job market for recent graduates, but parents, as well as other family and friends, can play a key role in aiding their search. Help introduce them to your network, prepare for interviews or research companies in the industry they are targeting. If you or a friend has a business, it can be a great way to give a new graduate hands-on experience.
The developer of a popular video game announced layoffs Tuesday, though it attributed the cuts to the game’s recent decline. Which video game is it?
D. The Legend of Zelda
Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff.
