Evening Scan

The day's big story was hiding inside a regulatory filing: Amazon is absorbing Apple's 20% stake in Globalstar, signaling how quickly satellite connectivity is shifting from feature to infrastructure. Elsewhere, a Google engineer allegedly used insider knowledge to profit on Polymarket, and Illinois moved to mandate AI audits.

$2.7M — the total amount Michele Spagnuolo allegedly wagered across Polymarket bets tied to Google's own Year in Search results. (TechCrunch)

Amazon Will Acquire Apple's Globalstar Stake as Acquisition Rolls On

The $11.6B deal consolidates what had been fragmented ownership into Amazon's control. (SiliconANGLE)

Google Engineer Charged With Using Inside Info to Win $1.2M on Polymarket

The case tests whether prediction market fraud falls under existing securities law. Prosecutors say it does. (The Verge)

Illinois Legislature Passes Bill Requiring Annual AI Safety Audits

SB 315 now heads to the governor. If signed, Illinois would become the most substantive state-level AI regulator in the country, a role California has repeatedly failed to fill. (NBC News)

Last.fm Is Independent Again, 19 Years After CBS Acquired It

The Skydance-Paramount merger reshuffled enough assets that Last.fm surfaced as a standalone company again. (Engadget)