Alex Ossola

That and more after the break.

The Nasdaq dropped 1% today, and an index that tracks chip stocks dropped almost 2%.

Analysts say there's a few reasons investors may be dumping AI stocks.

They could be taking profits from the big tech run-up we've had, there's ongoing worries about the Fed raising interest rates, and also investors may be rotating out of some of the major tech names ahead of the SpaceX IPO on Friday.

After all, there's only so much money to go around.

The S&P slipped 0.3% and the Dow added 0.2%.

Meanwhile, oil prices closed down about 3%.

We're exclusively reporting that some people making bets on prediction market calci will have to disclose their employers.

It's an effort to stop potential insider trading and market manipulation.

The changes come after two recent high-profile cases.

A U.S.

soldier who was charged with using classified information about the arrest of former Venezuelan President Nicolas Maduro to trade on PolyMarket.

And a Google employee charged with using insider information about Google's annual search trends report to make more than $1 million, also on PolyMarket.

Congress has also opened a probe into how both Kalshi and Polymarket manage insider trading risk.

Kalshi says it expects that betting on some sensitive issues like company performance and national security, including the Iran war, will require an employment disclosure.

People making bets will submit a form saying where they work.

But Kalshi says that it won't usually need to actually verify that information unless it sees suspicious activity.

The changes are set to be ruled out in the coming weeks.

Polymarket has a data partnership with Dow Jones, the publisher of The Wall Street Journal.

Chrysler is recalling more than one million vehicles.