But first, my colleague Carla Javier checks in on the farm bill, a super important piece of legislation that hasn’t been updated since Powell first took over the Fed. — Carrie Barber, newsletter editor

The farm bill sets the “rules of the road” for the food and farm economies, said Michael Happ, program associate for climate and rural communities at the Institute for Agriculture and Trade Policy. 

“It's got 12 sections or titles, things ranging from commodities and crop insurance to conservation and nutrition,” he said.

Nutrition programs, he said, help folks pay for food at grocery stores — part of farmers’ income — and policies in the farm bill set the payments and assistance some farmers receive.

During a drought last year, Scott Myers lost almost half his hay crop at Woodlyn Acres, his family’s organic farm in Ohio. But hay insurance, which is federally subsidized under the farm bill, made a big difference.

“It didn't make us money, but in the end, it did help bring us up to where we at least broke even for the year,” he said.

Not everyone is eligible for that type of support, though.

“I don't have access to any of that kind of a safety net in the farm bill,” said Hannah Bernhardt, who raises grass-fed beef and lamb, and pastured pork, at Medicine Creek Farm in Minnesota. “The only place I can get some help from is through those conservation programs.”

And now, it seems every two hours is not gonna cut it. Anthropic says its latest and greatest AI model, Mythos, is too dangerous to release to the public because it’s so good at uncovering security vulnerabilities. Cybersecurity is a cat-and-mouse game, and experts told us artificial intelligence could help both sides move faster to find and patch “zero-day” exploits.

A federal jury recently found the company and its owner Live Nation maintained an illegal monopoly on live events, overcharging concertgoers by … $1.72 a ticket.  Don’t expect concert tickets to get cheaper anytime soon, as my colleague Camila Trimberger-Ruiz explains in this video.