Tim Cook's Apple Exit, Facebook Scam Billions, Mandatory Car Surveillance, and Prediction Market Insider Trading

News and Updates: • Tim Cook Retires as Apple CEO: Cook’s 15-year tenure ends Sept. 1; his supply chain discipline built a trillion-dollar company. Incoming CEO John Ternus faces pressure to sustain both innovation and operational excellence. • Apple’s Succession Question: New CEO John Ternus is a proven hardware engineer, but analysts question whether he can manage Apple’s complex global supply chain the way Cook did. • Facebook Leads Social Scam Losses: Americans lost $2.1 billion to social media scams in 2025, with Facebook alone accounting for $745 million in reported losses, per a new FTC report. • Federal Car Surveillance Mandate: A 2021 federal law requires all new vehicles by 2027 to include infrared driver-monitoring technology that can detect impairment and limit vehicle speed or prevent ignition. The new car surveillance mandate raises fears about biometric data sharing with insurers, while adding an estimated $100–$500 per vehicle in costs passed to consumers. • Hairdryer Rigged Weather Bets: Someone allegedly used a battery-powered hairdryer to manipulate a Paris airport temperature sensor, winning approximately $34,000 on Polymarket before French weather authorities filed a formal complaint. • Soldier Arrested for Prediction Market Insider Trading: U.S. Special Operations soldier Gannon Van Dyke was arrested for betting classified intel on Maduro’s capture, turning a $33,000 Polymarket wager into over $400,000 in profit. Van Dyke’s indictment marks the first DOJ case for insider trading on a prediction market, signaling increased federal scrutiny of platforms like Polymarket and Kalshi.