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Good Morning. While billionaires drop $1 billion on rockets and $25 billion on streaming, the rest of us are still scrapping over a $490 doc fee at the dealership.

We also cover how to invest in physical gold, a brain chip beating ALS, and the validation habit worth breaking (forwarded this email? Join 523k readers).

TOP STORY TODAY

Hidden Car Fees Continue

Months after the FTC warned more than 200 car dealerships to stop hiding fees and faking discounts, the practice is still widespread, according to consumer-shopping firms tracking actual sale prices through mid-2026.

One service, CoPilot, found that 59% of 500 used-car sales it reviewed included undisclosed discretionary fees. Another firm flagged big gaps between advertised and itemized prices at nearly 40% of more than 10,000 dealers.

The most common culprit is the documentation fee, but charges for warranties and reconditioning can add thousands. The FTC, which recently settled with one dealer for up to $75 million, is preparing to enforce.

▲ There are only 4 charges you should pay — here’s how to better negotiate

Fox Buys Roku

Fox Corp. said Monday it is acquiring streaming company Roku in a deal valued at roughly $25 billion, its largest acquisition ever. The move is a major bet on ad-supported streaming as competition for viewers intensifies.

Fox will pay about $160 per Roku share, mixing cash and stock, funded partly by $12 billion in new debt. Roku is the top connected-TV platform with 25% market share and more than 100 million global households streaming.

The bet tracks a shift: ad-supported plans now make up nearly half of U.S. premium streaming signups, up from 39% two years ago. The deal should close in early 2027, with Fox shareholders owning about 73%.

Mining Meets Mars

Gina Rinehart, Australia's richest person, has bought a stake worth more than $1 billion in SpaceX through her company Hancock Prospecting. The mining magnate confirmed the investment Monday, wagering big on Elon Musk's rocket maker just days after its market debut.

The purchase is Hancock's largest investment ever outside iron ore, the steelmaking commodity that built Rinehart's roughly $25.2 billion fortune. SpaceX went public last week in the largest IPO on record, raising $75 billion and closing Friday valued at $2.1 trillion.

That debut briefly made Musk the world's first trillionaire. Hancock signaled interest in future deals, eyeing its critical minerals and rare earths holdings (including stakes in Lynas and MP Materials) as demand grows for materials behind space hardware and AI infrastructure.

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Longevity test we're stealing this week

Kelly Starrett, the mobility coach behind Built to Move, opens the book with one brutal question: can you sit down on the floor and stand back up without using your hands, knees, or a wall?

It is called the sit-and-rise test, and the study that made it famous tied a low score to a much higher risk of dying. Score yourself out of 10 and subtract a point for every assist (a hand down, a wobble, a knee on the floor).

Most desk-bound guys past 40 are shocked how badly they do. The fix is almost too simple: sit on the floor while you watch TV, working up to 30 minutes a day, then retest in a week.

Validation habit we're breaking this week

On the set of Million Dollar Baby, a 22-year-old Jay Baruchel was sure Clint Eastwood wanted him fired. After every take he begged for feedback, and Eastwood gave him the same flat "that was fine." Baruchel spiraled, picturing the hushed phone calls to recast him.

Then Morgan Freeman leaned over and said the line that fixed his whole career: “If he doesn't say anything, it means he likes it.” Eastwood hires people to do a job, then leaves them alone. You only hear from him when you are doing it wrong. The lesson for the rest of us: silence is not disapproval, and the work you keep fishing for reassurance on is usually the work that is already fine. Watch Jay tell it.

5 Stories

Musk's xAI loses trade-secret lawsuit against OpenAI as judge bars refiling, marking second courtroom defeat this month

Brain implant lets man with ALS speak and control computers independently at home for 12 straight hours

Mystery earthquakes strike 55 miles beneath Utah, and scientists admit they can't predict how big they'll get

B-52 crash kills eight, including two Boeing employees, at California's Edwards Air Force Base

Oil prices drop on U.S.-Iran deal, but Hormuz traffic sits at 10 ships daily versus 100 prewar

TOGETHER WITH MONEY

Looking beyond stocks? Gold is back in focus

Roll over your existing IRA into physical gold without triggering taxes or penalties.

With market uncertainty lingering, more investors are exploring alternative ways to balance their portfolios. One option: a gold IRA, which allows you to hold physical precious metals within a tax-advantaged account.

If you already have an IRA or 401(k), you may be able to roll those funds over without triggering taxes or penalties. Check out Money’s Best Gold IRA Companies to compare providers and see if this strategy fits your long-term plan.

For the man everyone leans on [Partner*]

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Kanye West announces summer tour [Blog]

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