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Light & Wonder is principally an electronic gaming machine manufacturer, selling machines to pubs, clubs, and casinos. The firm is licensed in most jurisdictions allowing gambling globally. Light & Wonder is one of the three largest players in the space along with International Game Technology and Aristocrat Leisure. SciPlay, about one fourth of revenue, develops and distributes casual mobile games, principally in the social casino niche. The more nascent iGaming business sits between these two businesses, providing digital content and capabilities to real-money gaming providers.

Ferrari designs, engineers, and manufactures some of the world's most expensive luxury cars. With supply carefully controlled to be below demand and a brand steeped in decades of motor racing history, a Ferrari is viewed as a status symbol. In 2025, the company sold 13,640 vehicles at an average price over EUR 500,000 with more than 80% of its vehicles being sold to existing Ferrari clients. Eighty-four percent of revenue is generated from the sale of cars and spare parts and 10% from sponsorship, commercial, and brand activities including racing and lifestyle activities. In 2025, the Europe, Middle East, and Africa region accounted for 49% of revenue, the Americas was 32%, mainland China, Hong Kong, and Taiwan was 7%, and the rest of Asia was 12%.

MGM Resorts International owns and operates 15 properties in Nevada, Mississippi, and Michigan, and is an investor in other properties in Nevada, New Jersey, Illinois, and Macau. The company derives approximately half its revenues from casino operations, with the remainder from hotels, food and beverage sales, and entertainment venues. MGM and Entain plc each own 50% of BetMGM, an iGaming and sports betting venture.

The Supreme Court has struck down a large portion of the tariffs that are a key element of President Trump's economic agenda. By a six-to-three majority, the court ruled that the law cited by the administration to levy trade duties 'does not authorize the president to impose tariffs.' Many, though not all, tariffs during the second Trump administration have been imposed under the International Emergency Economic Powers Act (IEEPA). The IEEPA, which makes no mention of tariffs, gives the president the power to regulate imports of foreign property but only after declaration of a national emergency to deal with tangible threats. The administration's use of IEEPA was considered unconventional. The court's ruling relates to reciprocal tariffs as well as those imposed to impede illegal drug flows. The stock market so far has had a guardedly optimistic response to the ruling. Meanwhile, fourth-quarter GDP data, also released today, highlighted the impacts of the government shutdown; but some economists also noted the potential impact of tariffs on government and business spending. The administration may look to work around the ruling by enlisting help from Congress. In the intermediate term, the uncertain future of tariff policy may overhang the market.