CBX Daily 10/13/2025

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October 13, 2025

Today, New Trump Rule Could Make It Harder for the Poor To Get Medicaid… but let’s begin with how Michael Jordan’s NASCAR team is still racing through legal speed bumps.

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No Injunction for Michael Jordan’s NASCAR Team in Ongoing Lawsuit

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It’s been a challenging race to the finish line in the latest lawsuit between NASCAR and Michael Jordan’s 23XI Racing team. This tit for tat began with 23XI Racing and Front Row Sports declining to sign a new NASCAR charter agreement, which the aforementioned teams felt would jeopardize their fair share of the race purse. So in a bid to increase the revenues and influence of NASCAR Cup Series, Michael Jordan and Front Row MotorSports took legal action against the organization and chairman Jim France. Their suit claimed NASCAR’s actions violated antitrust laws, however NASCAR has since filed a countersuit which accused Jordan’s team of “interfering with” negotiations and “threatening boycotts of NASCAR events”. 

New Trump Rule Could Make It Harder for the Poor To Get Medicaid

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President Donald Trump’s new tax and spending law will likely force more than half the states to reduce payments to doctors and hospitals that treat Medicaid patients, a change critics warn will be particularly harmful to rural hospitals struggling to stay afloat. Medicaid, the joint state-federal health insurance program for those with a low income, reimburses doctors, hospitals and nursing facilities for treating enrollees. The new law will reduce Medicaid spending by $149 billion over the next decade, and reduce Medicaid provider payments in as many as 31 states.

Nike Bets on Inclusive Partnerships to Strengthen Brand Value

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Nike’s (NKE -0.79%) latest earnings report may show a dip, but don’t get it twisted, the Swoosh is still scoring big when it comes to cultural capital. During its fiscal Q4 2025, the sportswear giant reported a 12% year-over-year decline in revenue, falling to $11.1 billion, yet investors responded with optimism. Why? Because Nike is doubling down on its core advantage: cultural relevance through athletes and storytelling.

Love On Blockchain: Is The Future Of Marriage Digital?

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As we witness the rise of digital solutions across every industry, from finance to entertainment, it’s no surprise that even the institution of marriage is being disrupted. Blockchain weddings—a concept once seen as futuristic—are growing in popularity. Since the first blockchain wedding was recorded in 2014, couples have been exploring the idea of immortalizing their union through blockchain technology. An Indian couple brought the trend back to life in 2021 by creating an Ethereum smart contract to seal their vows.

Latino-Owned Businesses Are The Silent Engine Behind U.S. Growth

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Latino-owned businesses have emerged as a vital force in the U.S. economy, driving growth and innovation while navigating systemic barriers. The revenue generated by these businesses has increased by 14.1% since 2021. And they’re flexing these muscles on their own. 70% of funding for Latino-owned businesses comes from personal savings. With Latino entrepreneurs starting businesses faster than any other demographic, their expansion fuels job creation, local revitalization, and national competitiveness.

America’s Economic Growth at Risk with Black Workers Losing Jobs

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When the U.S. job market catches a cold, Black workers get pneumonia. In August, the Black unemployment rate rose to 7.5%, while the national rate hovered at 4.3%. That gap is not a blip. It is a signal. The question is whether leaders will treat it like a warning or shrug it off. If 7.5% were the headline number, America would call it a crisis. We should act like it is.

Start your week with “Don’t Remind Me ” by Amber Mark in our CBX Vibes.