How to Hack a $1.3T Market

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Business News Digest

Associated Press
July 09, 2025

AP Business Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

--------------------

UPCOMING

--------------------

X-CEO-QUITS

DESCRIPTION: X CEO Linda Yaccarino said she's stepping down after two years running Elon Musk's social media platform.

UPCOMING: By 07/09/2025 12:00 p.m. EDT, Photo, Text

___

FEDERAL RESERVE-MINUTES

DESCRIPTION: The Federal Reserve releases minutes from its most recent policy meeting, when it left its benchmark rate alone for the fourth straight time. By Christopher Rugaber. UPCOMING: Developing from release of minutes at 2 p.m.

UPCOMING: By 07/09/2025 2:00 p.m. EDT, Photo, Text

___

CONGRESS-FAA

DESCRIPTION: The Senate is set to confirm Bryan Bedford as administrator of the Federal Aviation Administration over the objections of Democrats, who question his commitment to maintaining the 1,500-hour training rule for pilots. Vote expected around 2:15 ET.

UPCOMING: By 07/09/2025 3:30 p.m. EDT, Text

___

--------------------

NEW AND DEVELOPING

--------------------

EU--RUSSIA-UKRAINE-WAR

Russia batters Ukraine with more than 700 drones, the largest barrage of the war, officials say

SUMMARY: Ukrainian officials say Russia has fired more than 700 attack and decoy drones at Ukraine overnight. That tops previous nightly barrages for the third time in two weeks. It's part of Moscow's intensifying aerial and ground assault in the three-year war. Russia has recently sought to overwhelm Ukraine's air defenses by launching major attacks that include increasing numbers of decoy drones. The most recent one appeared aimed at disrupting Ukraine's vital supply of Western weapons. According to Ukrainian President Volodymyr Zelenskyy, the city of Lutsk was the hardest hit. It lies near the border with Poland in western Ukraine, a region that is a crucial hub for receiving foreign military aid.

WORDS: 862 - MOVED: 07/09/2025 10:28 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:fe3d23673b9b5696bb5097def9ed0775&mediaType=text

___

EU--FASHION-FRANCK SORBIER

Franck Sorbier fuses Andean splendor with Parisian pageantry on couture runway

WORDS: 237 - MOVED: 07/09/2025 10:28 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:8f9bd4b6f9368369be7214a02ac7113d&mediaType=text

___

US--TRUMP-WEATHER-CONFLICTS-ABRIDGED

Trump appointees have ties to companies that stand to benefit from privatizing weather forecasts

SUMMARY: Downsizing at the National Weather Service appears to be part of an effort by Republicans to privatize such agencies. In some cases, companies poised to step into the void have ties to those tapped by President Donald Trump to run agencies that collect weather data and publish forecasts. The firm Commerce Secretary Howard Lutnick ran has an interest in a government contractor that's a satellite company. The Commerce Department says Lutnick has complied with his ethics agreement. Other officials served as lobbyists and consultants for private weather and space companies. Deadly flooding in Texas has drawn a spotlight to staff reductions at the National Weather Service, which provides the public with free weather data.

WORDS: 1056 - MOVED: 07/09/2025 10:25 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:10abd37de81fe72e0c67f5e396ea0282&mediaType=text

___

NVIDIA-$4 TRILLLION

Chipmaker Nvidia becomes most valuable company in the world at $4 trillion

SUMMARY: Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy. Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each.

WORDS: 175 - MOVED: 07/09/2025 10:25 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:7947e86a7ee9a994b9f16c3c0779b74f&mediaType=text

___

FINANCIAL-MARKETS

Stocks open higher on Wall Street as trade talks press ahead

SUMMARY: Stocks are higher on Wall Street as the Trump administration seeks to win more deals with global trading partners. The S&P 500 index was up 0.7% in early trading Wednesday. The Dow Jones Industrial Average was up 224 points, or 0.5%, and the Nasdaq composite rose 1.1%. Treasury yields slipped in the bond market. Crude oil and other energy prices were lower. Copper prices eased after spiking a day earlier as President Donald Trump said he would impose 50% tariffs on imports of the metal. European markets were higher and Asian markets closed mixed.

WORDS: 581 - MOVED: 07/09/2025 10:18 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:b51a81fa0ad373b0c6c9280d9b397af8&mediaType=text

___

US--TRUMP-WEATHER CONFLICTS

Trump appointees have ties to companies that stand to benefit from privatizing weather forecasts

SUMMARY: Downsizing at the National Weather Service appears to be part of an effort by Republicans to privatize such agencies. In some cases, companies poised to step into the void have ties to those tapped by President Donald Trump to run agencies that collect weather data and publish forecasts. The firm Commerce Secretary Howard Lutnick ran has an interest in a government contractor that's a satellite company. The Commerce Department says Lutnick has complied with his ethics agreement. Other officials served as lobbyists and consultants for private weather and space companies. Deadly flooding in Texas has drawn a spotlight to staff reductions at the National Weather Service, which provides the public with free weather data.

WORDS: 1427 - MOVED: 07/09/2025 10:17 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:9892de853c283468e6fb970cfd898d96&mediaType=text

___

ML--MIDEAST-WARS-YEMEN

Rescuers search for survivors after Houthi attack on cargo ship in the Red Sea

SUMMARY: Rescuers are searching for survivors after Yemen's Houthi rebels attacked a Liberian-flagged cargo ship in the Red Sea. Authorities say at least three mariners were killed and two injured. The attack on the Greek-owned Eternity C occurred Monday night as it traveled toward the Suez Canal. The ship sustained significant damage, lost propulsion and is now drifting. Five crew members have been rescued so far. Houthis on Sunday attacked another vessel in their first assaults on shipping since 2024. The U.S. and EU have condemned the attacks, citing threats to maritime security.

WORDS: 563 - MOVED: 07/09/2025 10:12 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:0ada222883158dd248b0d844543736c7&mediaType=text

___

US--FTC-CLICK TO CANCEL

A 'click-to-cancel' rule, intended to make canceling subscriptions easier, is blocked

SUMMARY: A "click-to-cancel" rule, which would have required businesses to make it easy for consumers to cancel unwanted subscriptions and memberships, has been blocked by a court days before it was set to go into effect. The Federal Trade Commission's changes required businesses to disclose when free trials or other promotional offers will end and let customers cancel recurring subscriptions as easily as they started them. The rule was set to go into effect on Monday, but the U.S. Court of Appeals for the Eighth Circuit said the FTC made a procedural error in its related cost analysis.

WORDS: 356 - MOVED: 07/09/2025 9:48 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:30db2be07fdcb8aefd0d4835abdb116a&mediaType=text

___

AS--CHINA-VISA FREE

China extends visa-free entry to more than 70 countries to draw tourists

SUMMARY: China now allows citizens from 74 countries to enter visa-free for up to 30 days. This policy aims to boost tourism, the economy, and China's global influence. The government has expanded the program significantly in recent months, adding many European, Latin American, and Middle Eastern countries. In 2024, over 20 million foreign visitors entered without visas, more than double the previous year. However, major African nations remain excluded. A separate transit policy permits travelers from 10 other countries, including the U.S. and U.K., to stay for 10 days under specific conditions. Tourism companies report significant growth due to these relaxed entry rules.

WORDS: 800 - MOVED: 07/09/2025 8:58 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:48ff1727c87e11becd18e6d1a113f49d&mediaType=text

___

GROK-CHATBOT

Musk's AI company scrubs inappropriate posts after Grok chatbot makes antisemitic comments

SUMMARY: Elon Musk's artificial intelligence company is taking down antisemitic comments and other "inappropriate posts" made by its Grok chatbot, including some praising Adolf Hitler. Grok was developed by Musk's artificial intelligence company xAI and pitched as an alternative to what he called "woke AI" rivals like Google's Gemini or OpenAI's ChatGPT. It has been stoking controversy with its responses since Musk announced it was being improved significantly. It shared several antisemitic posts, including the trope that Jews dominate Hollywood. It also appeared to praise Adolf Hitler, according to screenshots of another post that has now apparently been deleted.

WORDS: 567 - MOVED: 07/09/2025 8:44 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:d745a7e3d0a7339a1159dc6c42475e29&mediaType=text

___

US-FINANCIAL WELLNESS-JOB SCAMS

Job scams are on the rise and more people are falling for them. Protect yourself with these tips

SUMMARY: As job-seekers look for work in an challenging environment, an increasing number are falling victim to scams that promise good pay for completing easy online tasks. The Federal Trade Commission says the scams start innocuously, often with a tailor-made text or WhatsApp message. The tasks seem legitimate, but victims are then told they need to pay money to access their earnings. To avoid falling victim to these scams, ignore unexpected messages, never pay to access your pay, and avoid accepting positions where you rate, like, or leave phony reviews for products or services.

WORDS: 651 - MOVED: 07/09/2025 8:28 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:bfbbf95e12513c595fe3da998dcffad3&mediaType=text

___

US--MERCK-VERONA

Merck spends $10 billion for Verona, gaining access to its COPD medication

SUMMARY: Pharmaceutical giant Merck is buying Verona Pharma, a company that concentrates its efforts on respiratory diseases, in an approximately $10 billion deal. Merck said Wednesday that one of its subsidiaries will acquire Verona Pharma for $107 per American depositary share. Each ADS represents eight Verona Pharma ordinary shares. The transaction will give Merck access to Verona Pharma's chronic obstructive pulmonary disease medication Ohtuvayre. The Food and Drug Administration approved Ohtuvayre in June 2024 for the maintenance treatment of COPD in adults.

WORDS: 295 - MOVED: 07/09/2025 8:19 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:adcb220a202e33de8f93441dbd0eb8df&mediaType=text

___

EU--FRANCE-NATIONAL RALLY-RAID

French police raid far-right National Rally headquarters in finance probe

WORDS: 524 - MOVED: 07/09/2025 8:07 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:381d54ef3ac7a742473f044b47f21b0b&mediaType=text

___

US--PHILADELPHIA LABOR STRIKE

Philadelphia workers and city reach a deal to end strike that halted residential trash pickup

SUMMARY: Officials say a union representing thousands of city workers in Philadelphia and the city have reached a deal to end a more than weeklong strike that halted residential curbside trash pickup and affected other services. Word of the tentative agreement came early Wednesday, on what would have been the ninth day of the strike. Nearly 10,000 blue-collar employees from District Council 33 of the American Federation of State, County and Municipal Employees had walked off the job July 1, seeking better pay and benefits after failing to agree with the city on a new contract. District Council 33 is the largest of four major unions representing city workers. Its membership includes 911 dispatchers, trash collectors, water department workers and many others.

WORDS: 372 - MOVED: 07/09/2025 8:07 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:4f0687603189776d89b241f59e6e66f2&mediaType=text

___

BEHIND THE WHEEL-VEHICLES FOR CAMPERS

The 5 best vehicles for campers, according to Edmunds

SUMMARY: For many people, summer means the start of camping season. And when it comes time to enjoy campfires, fishing holes and scenic hikes, you need a car that can get you out to nature and offer convenience and utility once you're there. It's also nice if you can bring some comforts from home. Today's best camping cars are not only rugged and capable on dirt roads, but they offer thoughtful technology such as multiple electrical outlets and USB recharging ports and clever storage solutions.

WORDS: 872 - MOVED: 07/09/2025 7:56 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:033f385e540e2424797a3affd8938fe7&mediaType=text

___

US--DEFENSE CONTRACTOR-OHIO

Ohio awards $310 million to US defense contractor for 4,000-worker advanced manufacturing facility

SUMMARY: Ohio's job creation office has awarded a $310 million grant to Anduril Industries. The California-based defense contractor is building a massive advanced manufacturing facility near Columbus. JobsOhio announced execution of the 30-year agreement Wednesday. The deal calls for Anduril to create 4,008 jobs and more than $530 million in payroll and to make at least $910.5 million in capital investment within the next 10 years in order to receive the funds, then to maintain those commitments over the ensuing two decades. Anduril's "Arsenal 1" will produce military drones and autonomous air vehicles. It is set to open in July 2026.

WORDS: 175 - MOVED: 07/09/2025 6:57 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:568cbdef81dc2a4437ff83776fec71ee&mediaType=text

___

US--TRUMP-TRADE TALKS

Trump's trade blitz produces few deals but lots of uncertainty

SUMMARY: President Donald Trump and his advisers promised a lightning round of global trade negotiations with dozens of countries back in April. White House trade adviser Peter Navarro predicted "90 deals in 90 days.'' Administration officials declared that other countries were desperate to make concessions to avoid the massive tariffs that Trump was threatening to plaster on their products starting July 9. But the 90 days have come and gone. And the tally of trade deals stands at two - one with the United Kingdom and one with Vietnam. Trump has now extended the deadline for negotiations to Aug. 1 and tinkered with his threatened tariffs, adding to global uncertainty.

WORDS: 1198 - MOVED: 07/09/2025 6:00 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:7ea94de216329a9b011a3d3951ae5963&mediaType=text

___

AS--CHINA-TAIWAN-EXPORT-BAN

China imposes export ban on companies tied to Taiwan's military

WORDS: 287 - MOVED: 07/09/2025 4:10 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:2e6bbd2a3b9a89c01a044bc8a1988a96&mediaType=text

___

ENT--SAGAFTRA-INTERACTIVE-STRIKE-VOTE

Video game performers vote on contract that could end nearly 3-year battle over AI

SUMMARY: Union members have until July 9 at 5 p.m. Pacific to vote on a tentative contract between video game performers and their employers. If the agreement is ratified, it would formally end a nearly three-year-long effort between the union and major video companies to settle on artificial intelligence protections. A spokesperson for the video game producers involved in the deal said the new contract secured "industry-leading" AI protections. Union leaders say the 11-month strike was a "grueling and excruciating" process, but necessary to ensure safe working conditions for the nearly 3,000 union members covered under the contract.

WORDS: 507 - MOVED: 07/09/2025 2:18 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:048576144e7a0fa9b4827520dd269a3f&mediaType=text

___

Continue Reading...

Popular

Wind turbine maker to pay settlement after blade broke apart and washed up on Nantucket beaches

NANTUCKET, Mass. (AP) — The maker of a massive wind turbine blade that and washed up on beaches for months has agreed to a $10.5 million settlement to pay local businesses for their economic losses, officials said Friday.

Used Car Prices See Biggest Surge Since 2022 As Trump Tariffs Shake Auto Market: Report

Used car prices in the U.S. are rising due to Trump's tariffs, causing volatility in the market and impacting automakers.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Donald Trump's Approval Rating Jumps Among Baby Boomers — Here's What's Driving It

President Trump's approval rating among Baby Boomers has seen a significant surge, potentially solidifying his political base as we approach the 2026 midterm elections.

Ford recalls over 850,000 cars in the US due to potential fuel pump failure

NEW YORK (AP) — Ford is recalling more than 850,000 of its cars across the U.S. because the low-pressure fuel pump inside the vehicles may fail — and potentially cause an engine stall while driving, increasing crash risks.

What It's Really Like To Work With Elon... - Ad

A business partner of mine recently told me how one morning, Elon's "DOGE Agents" simply showed up. The whole departments were merged. Dozens of tasks and contracts were reassigned. Several projects were permanently shut down and replaced. That's when he called me, and I realized what was happening.

Ex-Trump Family Attorney Raises Alarms Over Trump's Actions as President: 'I Have Never Been As Concerned'

Abbe Lowell expressed serious concerns about the potential harm that the current administration could cause to the country's institutions.

Brazil vows retaliatory tariffs against US if Trump follows through on 50% import taxes

RIO DE JANEIRO (AP) — Brazilian President Luiz Inácio Lula da Silva said Thursday that he will impose retaliatory tariffs on the United States if follows through on a over the South American country's criminal trial against his predecessor, .

Out of 23,281 Stocks... This Is the Only One - Ad

Out of 23,281 stocks, one stands out - wildly profitable, deeply undervalued. It generates $1B+ more cash than AMD, yet trades 20x cheaper. Backed by Trump and partnered with a top AI firm, this could be the stock to own now.

Why Pony AI Stock Is Gaining On Thursday

Pony AI shares rise as its Gen-7 robotaxi enters mass production and road testing, signaling major progress toward commercial deployment.

Cash is scarce in Gaza. Palestinians are paying a high price to get it

DEIR AL-BALAH, Gaza Strip (AP) — Cash is the lifeblood of the Gaza Strip’s , and like all other necessities in this — food, fuel, medicine — it is in extremely short supply.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Marjorie Taylor Greene: 'Muslim Takeover' Threatens American Women

Rep. Marjorie Taylor Greene (R-Ga.) has expressed her fears regarding what she believes to be the most significant threat to the freedom of American women.

Have You Seen this Strange Elon Musk Device? - Ad

Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.

China retaliates against EU with a ban on European medical devices

BANGKOK (AP) — China said Sunday that European medical device companies will be barred from selling to the Chinese government as a countermeasure for the European Union's restrictions on the sale of similar products from China.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Sam Altman's Endorsement Skyrockets Crib Sales, Cradlewise CEO Reveals

Sam Altman, the CEO of OpenAI, has been credited with a significant sales boost for crib manufacturer Cradlewise, following his endorsement of the product.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Cathie Wood's Alpha Surge: $250 Million Circle Windfall, Big AMD Buys

Cathie Wood, founder and CEO of ARK Invest, has recently been on a hot streak of successful and high-profile trades through her flagship ARK ETFs. 

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

Energy ETFs In Focus After Exxon Flags $1.5 Billion Profit Hit

Exxon's caution pressures energy ETFs like XLE and VDE, as oil prices dip and investors weigh OPEC+ moves and sector rotation risks.

Make This Move Before Nvidia's Critical Update (Unique Play) - Ad

Nvidia's CEO is about to say five simple words that could ignite the next explosive phase of the AI boom. It's not about tariffs or China--but it could change everything. This moment could define the biggest profit wave yet.

United to resume flights to Tel Aviv after pauses in service due to Middle East conflicts

WASHINGTON (AP) — United Airlines confirmed Tuesday that it will resume daily flights to Tel Aviv later this month after suspending service there intermittently due to recent escalations in the Middle East conflicts.

Mark Zuckerberg-Led Meta Acquires Nearly 3% Of Ray-Ban, Oakley Parent EssilorLuxottica In $3.5 Billion Deal: Report

Meta has reportedly acquired a nearly 3% stake in Ray-Ban maker EssilorLuxottica for $3.5 billion, deepening its investment in AI-powered smart glasses amid intensifying competition in the wearable tech space.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Super Micro Accelerates European Footprint To Meet Exploding AI Needs

Super Micro Computer (NASDAQ: SMCI) plans to increase investment in Europe, focusing on AI server manufacturing in the region to meet rising demand.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Jasper Therapeutics Shares Fall On Briquilimab Drug Lot Problem

Jasper shares drop after updated BEACON study shows strong results but faces disruption from compromised drug product lot and halted pipeline programs.

A Georgia election with few voters: Turnout is 'miserably low' in the race for utility regulator

ATLANTA (AP) — Every time the door swings open this week at the county courthouse in the tiny south Georgia town of Statenville, six election workers have a moment to hope that someone is coming to vote.

What It's Really Like To Work With Elon... - Ad

A business partner of mine recently told me how one morning, Elon's "DOGE Agents" simply showed up. The whole departments were merged. Dozens of tasks and contracts were reassigned. Several projects were permanently shut down and replaced. That's when he called me, and I realized what was happening.

Supreme Court clears the way for Trump's plans to downsize the federal workforce

WASHINGTON (AP) — The Supreme Court on Tuesday cleared the way for President Donald Trump’s plans to downsize the federal workforce despite warnings that critical government services will be lost and hundreds of thousands of federal employees will be out of their jobs.

Out of 23,281 Stocks... This Is the Only One - Ad

Out of 23,281 stocks, one stands out - wildly profitable, deeply undervalued. It generates $1B+ more cash than AMD, yet trades 20x cheaper. Backed by Trump and partnered with a top AI firm, this could be the stock to own now.

Trump accuses Brazilian authorities of 'witch hunt' against ex-President Jair Bolsonaro

SAO PAULO (AP) — U.S. President Donald Trump on Monday criticized Brazilian authorities over what he called “a witch hunt” against former President and said he will be “closely monitoring” .

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service