With Kid Rock at his side, Trump signs executive order targeting ticket scalping [Yahoo! Finance]
Live Nation Entertainment, Inc. (LYV)
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Source: Yahoo! Finance
from "exploitative ticket scalping" and reforming the U.S. live entertainment ticketing industry. Trump signed the directive in the Oval Office, with singer Kid Rock standing next to him in a patriotic American flag-themed outfit. Kid Rock said ticket scalpers' use of bots to buy large numbers of tickets at face value and then selling them for a profit is a big problem in the industry. "I want the fans to have fair ticket prices," Kid Rock said, adding that legislation was eventually needed to cap ticket purchases. The order directs Treasury Secretary Scott Bessent and U.S. Attorney General Pam Bondi to ensure that ticket scalpers are in full compliance with the tax-collecting Internal Revenue Service and other applicable law, a White House fact sheet said. It also orders the Federal Trade Commission to work with the U.S. attorney to ensure that competition laws are appropriately enforced in the concert and entertainment industry, according to the fact sheet. The Justice Dep
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