Taiwan Semiconductor Manufacturing Co. is adding $100 billion to its investments in Arizona to meet strong demand from US customers and to ward off ambitious rivals, a senior executive said this week
Foreign private sector net purchases of US stocks: +$35.2B MoM in May → $121B total; 2nd-largest monthly inflow on record; 2nd consecutive monthly increase; record ~$130B
Everyone wants US stocks. Foreign private sector net purchases of US stocks rose +$35.2 billion MoM in May, to $121 billion, the 2nd-largest inflow on record. This marks the 2nd consecutive monthly increase. By comparison, the record monthly inflow was ~$130 billion
9th consecutive night of US strikes vs. Iran; began 7 p.m. ET July 20; targeting military capabilities used against commercial vessels/civilian mariners in Strait of Hormuz
CENTCOM began conducting a new wave of strikes against Iran at 7 p.m. ET today for the ninth consecutive night. The strikes will continue degrading Iranian military capabilities used to attack commercial vessels and civilian mariners transiting the Strait of Hormuz.
In a world where there are strong open source alternatives that are only just behind the frontier models, you make yourself less secure and competitive by gatekeeping access to frontier model capabilities. If you play this out, even if America could fully ban access to open [source]
CENTCOM Ends Weekend Wave of Strikes Against Iran TAMPA, Fla. — U.S. Central Command (CENTCOM) successfully completed the ninth consecutive evening of strikes against Iran, July 19, at 10 p.m. ET. CENTCOM assets targeted Iranian military command
The Reserve Bank of India has embarked on a drive to attract deposits from the country's 35 million-strong diaspora to shore up the rupee and replenish foreign-exchange reserves depleted by the US-Iran war
A few years ago in my August 2023 newsletter, I wrote about this. AIs being the only defense against AI cyber attackers. Seems we're entering that era. [QT @peterwildeford: The new era of cyberattacks -- HuggingFace reports being hacked by an AI and they defended with an AI! "it was driven, end to end, by an autonomous AI agent system - and we detected and dissected it largely with AI of our own."]
Jeff Bezos is among the investors participating in a $450 million funding round for UK-based startup CuspAI, which uses AI to discover new materials for semiconductor chips.
Chinese stock traders unwound leveraged positions at the fastest pace since the 2015–2016 market crash on Friday, as fears that the AI-driven rally had become overstretched triggered a global equities rout
Ryanair Holdings said profit dropped by 34% in its fiscal first quarter as the Middle East conflict hikes the price of oil and dents consumer' desire to travel, forcing the company to stimulate demand with lower fares even in the peak summer season
Shares of most Chinese solar and major battery makers rose on Monday after Beijing unveiled a consumption tax on solar cells and lithium batteries, raising hopes it will hasten industry consolidation, particularly in the oversupplied solar sector
Secretary of State Marco Rubio said President Xi Jinping's upcoming trip to the US remains on track, after the Trump administration accused China of election interference
hello there the jacobian conjecture is false thanx to my close friend akhil for asking about it and my other close friend fable for working during the world cup final ((1+xy)^3 z + y^2 (1+xy) (4+3xy), y + 3 x (1+xy)^2 z + 3 x y^2 (4+3xy), 2 x - 3 x^2 y - x^3 z): \C^3\to \C^3
At the World AI Conference, Moonshot AI debuted Kimi K3 — a 2.8 trillion‑parameter model that rivals Anthropic and OpenAI. Bloomberg's @minminlow breaks down what this means for the global AI race
An oil tanker appears to have halted in the Strait of Hormuz off Oman after the Iranian Navy again targeted vessels in the waterway, raising concerns about deepening disruptions as Middle East hostilities escalate
allbridge paused core after security firms estimated a $1.7m exploit in its solana stablecoin pools. the attacker borrowed $1.1m USDC from kamino, moved pool prices, withdrew more than $1.1m at the distorted rate, and repaid the loan in one transaction.
Never mind June's benign CPI report. By the fall, the pressure on the Federal Reserve to tighten monetary policy will become overwhelming, says former New York Fed President Bill Dudley
A summer of mega deals is supercharging Hong Kong's boom for stock-market debuts, with the city poised to notch a six-year high for proceeds barely more than halfway through 2026
Samsung cut 739 jobs. Profit jumped 19x the same quarter. The layoffs hit the consumer division while chip profit hit 89 trillion won records. Same company, two completely different years.
USDC circulation fell 5% from $77b at march-end to $73.1b on july 16, removing supply growth that had offset lower rates. reserve income was $653m, 94% of circle's Q1 revenue and reserve income. circle estimates a 100bp rate decline would cut reserve income by $773m
BREAKING: The average US gas price officially rises back above $4.00 per gallon as the Iran War returns and the "Memorandum of Understanding" collapses.
IREN SIGNS $2.8B IN NEW CUSTOMER CONTRACTS WITH LEADING AI DEVELOPERS, RAISES 2026 ARR TARGET TO OVER $4B — IREN Limited $IREN just announced it has raised its year-end AI Cloud annualized run-rate revenue target from $3.7 Billion to more than $4B
Magnolia Oil & Gas; WildFire Energy; ~$4.1B including debt; Eagle Ford Shale, south Texas
Magnolia Oil & Gas agreed to acquire WildFire Energy for about $4.1 billion including debt, expanding its presence in the Eagle Ford Shale basin of south Texas
'Memorandum of Understanding' collapses; 9th consecutive day of US airstrikes on Iran; targeting Iranian military capabilities used against commercial vessels/mariners in Strait of Hormuz
The US conducted a ninth straight day of airstrikes on Iran, trying to force the Islamic Republic to stop shipping attacks and reopen the Strait of Hormuz
The Philippine military said a Navy personnel suffered a serious head injury after China Coast Guard personnel "aggressively struck him with wooden baton" in the disputed South China Sea
The Army official overseeing Lockheed Martin's hypersonic missile program said "quality defects" were delaying deliveries and said efforts were underway to improve the manufacturing process
UK cost of borrowing > Italy, Spain, Greece; AJ Bell: bond market may accept credible cost-of-living pledges
AJ Bell分析师鲁斯·莫尔德指出，若伯纳姆的降低生活成本承诺具有可信度，债券市场有条件接受；但英国借贷成本超越南欧三国本身已发出空前严峻的财政警示，标志着新政府上任即面临罕见市场压力。
Andy Burnham becomes UK Prime Minister and inherits a public debt that has pushed the UK's cost of borrowing higher than Italy's, Spain's and Greece's. Russ Mould of AJ Bell told Reuters the bond market could accept new promises to lower the cost of living
Semis are under-performing the S&P500 by ~17.5% in July thus far... if this holds, this would mark the biggest month of underperformance since September 2021.
Burnham promises to hit the ground running, with ten year plan to revive Britain to be published later this year and measures to reduce cost of living - fully costed he says - to come tomorrow
CPI YoY 2.8% vs 2.9% est vs 3.2% prior; CPI MoM -0.4% vs -0.2% est vs +1.0% prior; Median 1.9% vs 2.1% est; Trim 1.8% vs 2.0% est; BOC Core YoY 2.1% vs 2.2% prior; BOC Core MoM 0.1% vs 0.6% prior
AMD Helios™ at scale on Azure for frontier model inference; two new VMs with 6th-gen AMD EPYC 'Venice'; AMD Instinct next-gen deployment; partnership spans GPUs, CPUs, networking, software
AMD AND MICROSOFT EXPANDED PARTNERSHIP $AMD just announced an expanded strategic partnership spanning AMD GPUs, CPUs, networking and software on Microsoft $MSFT Azure. "Microsoft to ramp AMD Helios™ at scale on Azure to power frontier model inference for Microsoft, its AI"
Houthi 'maritime embargo' on Saudi Arabia effective immediately; Saudi Red Sea exports ~4.5m b/d from Yanbu; via Bab al-Mandab Strait; Ansar Allah warns full-scale war if Saudi siege on Yemen not lifted
The literal nightmare scenario [QT @JavierBlas: BREAKING: Houthis of Yemen announce a "maritime embargo" against Saudi Arabia, "effective immediately." Saudi Arabia has until now exported ~4.5m b/d from Yanbu in the Red Sea, most of it heading South throughout the Bab al-Mandab Strait between Yemen and Djibouti-Eritrea]
Hedge funds are dumping US tech stocks at a record pace: Hedge funds have sold information technology stocks in 6 of the last 8 weeks. This brings total 8-week sales to the largest in at least 10 years. Last week alone, technology was the most-sold US sector among hedge funds.
Explosion near Electronic Industries Complex; Shiraz, Iran; OSINT confirmation; not in prior 7-city strike list (Tabriz, Chabahar, Bandar Mahshahr, Bandar Imam Khomeini, Sirik, Hormozgan, Bushehr)
More infrastructure attacked and potentially destroyed in Iran. How will they respond? [QT @Osint613: Explosion reported near the Electronic Industries Complex in Shiraz, Iran.]
Iranian FM Araghchi heading to Pakistan; Interior Minister + 6-minister delegation in Islamabad meeting Pakistani army commander; source: IRNA, Al-Mayadeen
U.S. service members aboard amphibious assault ship USS Boxer (LHD 4) support flight operations day and night from the Arabian Sea as CENTCOM enforces the naval blockade against Iran. As of July 20, the U.S. military has redirected 7 commercial vessels and disabled 1 to prevent
The militant Palestinian group Hamas chose as the head of its executive body Gaza-born Khalil Al-Hayya, a close affiliate of Iran, over a competitor favored more by Sunni Arab nations
i can promise you whoever is running ali's twitter was not trying to pop off like this [QT @suchenzang: alibaba effectively admitted to being MANDATED by their Big Guy to pivot AWAY from closed and TOWARDS open (weights) while the US is throwing export controls around like a game of blind pin-the-tail-on-the-donkey, China is...]
Khomein, central Iran; industrial facility; US strike; Press TV; beyond prior 7-city coastal list (Tabriz, Chabahar, Bandar Mahshahr, Bandar Imam Khomeini, Sirik, Hormozgan, Bushehr)
UKMTO: The master of a vessel reported being struck by an unknown projectile, causing damage to the steering gear. [QT: UKMTO has received a report of an incident 17 NM East of the UAE's Dibba.]
Crypto.com just took its first institutional money ever, and it came from Citadel Securities — 'Crypto.com announces $400M strategic investment from Citadel Securities. I mean this is wild, this is Crypto.com's first institutional funding round ever, and it's coming 10...'
US regulators just blew past the Genius Act's one year deadline without finalizing any stablecoin rules — Obviously the only thing people have been talking about on Capitol Hill when it comes to crypto is the Clarity Act. Now this is the Genius Act that passed a year ago, and for...
Gilts extended their retreat as UK Prime Minister Andy Burnham said he will seek "any flexibility" in the government's fiscal rules, stoking concerns his administration will add to the nation's heavy debt load
If this is happening we need way, way better American open source models. Open source is key for many research efforts pushing the boundaries of ML to do experiments with an OOM lower costs than closed source. Without open source, closed models will be an oligopoly
has completed construction of a giant data center that houses only Chinese-made chips, a big step in Beijing's efforts to replace restricted Nvidia silicon for future AI development
Visits to Taco Bell $YUM locations have plummeted following a parasite outbreak that authorities had linked to lettuce sold by one of the company's suppliers. On July 17th, foot traffic was almost 19% below Taco Bell's daily average for Fridays so far in 2026, according to Placer
Netflix is tapping the US high-grade bond market for the first time since its debut deal two years ago, as slowing sales growth fuels investor scrutiny of the company's future
BREAKING: Mediators are working to push the US and Iran into a new ceasefire, per WSJ. Details include: 1. Mediators are worried the US and Iran could settle into a pattern where they keep conflict below the level of all-out war but disrupt regional economies indefinitely
Any true patriot has a duty not to let those responsible for service members' deaths use their sacrifice as cover for still more needless deaths. It makes me genuinely sick that people who were infants or not yet born on 9/11 are now dying in a Middle Eastern war
BREAKING: Trump has said that Israel President Benjamin Netanyahu will not be arrested, in any way, shape, or form, while in the United States of America.
A power station in Bahrain has been attacked. Iran claims that this site is a C2 and artificial intelligence data center for the US military - Tasnim News
russia's duma holds final readings july 21 on its crypto bill and the adoption headline overstates the bid: it builds licensed turnover with little retained BTC demand. what passes • exchanges, brokers and custodians get licenses from sept 1, with licensed-only circulation from
QUICK MATH: The population of the US is 342 million. 72 mil are under 18 years old. That leaves 270 mil. 105 mil are 'Not in the Labor Force'. So, 165mil out of 346, or just 48%, carries the majority of the population. Seems to me we could be using our human capital more.
Now the obvious question is where is #287 and why can't i see it? [QT @AndrewCurran_: OpenAI had to pause internal deployment of the unreleased model that disproved the Erdős unit distance conjecture after it repeatedly used novel ways to escape containment.]
The AI boom is creating a generational divide in software jobs: US software developer employment for those aged 22-25 has declined -23% since November 2022, when ChatGPT was launched. At the same time, the 26-30 age group has seen a decrease of -5%.
The leading AI has already forked into two options. A: Closed source American that costs $26-56 per 1MM tokens. B: Open weight Chinese that costs $0.50-1 per 1MM tokens. If you force American companies to spend 50-100x more than their competitors abroad here is what will happen...
SpaceX $SPCX now down over $100/share (-46%) from its brief ATH following its recent IPO. As mentioned at the time, most high-profile Tech IPOs perform poorly in their 1st year, usually seeing a substantial YoY loss. So far, SpaceX seems like it will be no exception.
In accordance with the directives from the political echelon, the 'Safe Zone' pilot program began today (Monday) in southern Lebanon, in cooperation with the U.S. military (@centcom) and the Lebanese Armed Forces. As part of the pilot, teams from the IDF, the U.S. military, and
Four Indian seafarers were killed and one hospitalized in critical condition after a ship departing from the Ukrainian port of Odesa came under attack.
President Donald Trump said the United States intends to control the waterway and charge other countries for the service, turning the planet's most important oil channel into a toll road with Washington sitting at the booth.
President Donald Trump's administration sought phone records of several New York Times journalists and even those of some of their relatives, according to a motion unsealed Monday.
The Justice Department said Monday it has launched a new investigation into Harvard, alleging that some of its financial aid programs violate civil rights law by excluding American citizens
French business process outsourcing company Teleperformance plans to embed artificial intelligence in the workflow of its entire workforce of half-a-million people
Truelink Capital acquiring Lyons Magnus; ~$1B valuation including debt; fruit-based ingredients and beverage maker
Truelink Capital is nearing a deal to acquire Lyons Magnus that values the fruit-based ingredients and beverage maker at around $1 billion, including debt
Marginal liquidity preferring prediction markets and equity markets over BTC; BTC mining energy worth 10-20x if reallocated to AI token serving; "these changes feel structural"
There are two problems rn for crypto and, specifically, bitcoin bulls: 1) marginal liquidity would rather speculate in prediction markets and equity markets 2) marginal energy to mine BTC is worth 10-20x if reallocated to serving AI tokens These changes feel structural
$SPY tokenized stock live as collateral on Lighter (perp DEX) on Robinhood Chain; cross-collateral for funding rate trades called "last piece missing" from perp DEX ecosystem
total cross collateral for funding rate trades is the last piece missing from today's perp dexes the economic gain from cross collat can be massive + qol from not having to rebalance + i know how much work this took on the risk engine/circuit side to be possible pie grows
Riley has been doing some truly wonderful experiments with Fable. Also this is crazy. [QT @goodside: Crossword layout of all 1,009 distinct words of 12 or more letters in Moby Dick, arranged in the shape of a whale One-shot by Claude Fable 5 Max]
Ford and the union representing its Canadian employees ratified a contract that will mean wage increases and bonuses for thousands of workers, with the automaker committing to an investment in a southwestern Ontario engine plant
The Indonesian rupiah is poised for a period of stability, with analysts expecting the central bank to continue supporting Asia's worst-performing currency and foreign funds to step up purchases of the nation's high-yielding bonds
Samsung Biologics has agreed to acquire Switzerland's PolyPeptide in an all-cash deal that values the contract drugmaker's equity at about 1.46 billion Swiss francs ($1.8 billion), expanding its manufacturing capabilities
A diesel squeeze is playing out across Europe as a slew of major supply challenges coincide, according to Morgan Stanley, which flagged record refining margins in the region and slumping stockpiles
New Zealand meat exports surge to a record in the second quarter, boosted by sales to the US where cattle herds have shrunk and an invasive parasitic fly threatens some farmers
Kweichow Moutai raised prices of its flagship Feitian Moutai spirit for the second time in several months, as China's biggest liquor maker works to boost margins hit by sagging demand
Top diplomats from China and the Philippines are set to meet this week for the first time in two years, as their rift widens from the South China Sea to include Japan and Taiwan
Prime Minister Narendra Modi's government is set for a showdown with student protesters and opposition groups when India's parliament reopens on Monday, as anger mounts over an education crisis and the ruling party's legislative agenda
Honeywell Technologies Chairman and CEO Vimal Kapur said plans were already underway to reshape the former conglomerate before activist investor Elliott Investment Management took a stake in late 2024 and pushed for a breakup
Some updates on bottleneck timelines: - ABF substrates: 1 year / eg. Ajinomoto (2802) for ABF film, Ibiden, Unimicron, Nan Ya PCB, etc make the substrates - HDI Boards: Over 6 months / Victory Giant (300476), Zhen Ding (4958), Unimicron, Compeq (2313), Meiko (6787)
India's central bank stepped into the foreign exchange markets to support the rupee after the currency weakened toward a record low as a renewed surge in crude prices weighed on sentiment
A closely-watched gauge of China's copper market has risen to the highest in more than a year, as a tax shake-up in the metal's biggest market spurs a shortage of scrap and boosts demand for imports
Palm oil rose to the highest in nearly a month, tracking renewed strength in crude and other vegetable oil prices as the US and Iran exchanged escalating military strikes
American labs distilling Chinese models; Chinese models distilled from American models; ToS loophole; revenue share agreements for distillation rights needed
The reality is that American labs distill Chinese models, who are distillations of American models, just because the ToS doesn't allow American labs to directly distill each other. There needs to be a way for these labs to make revenue share agreements for distillation rights.
Boris Vujčić; ECB Vice-President; Hrvatska narodna banka → ECB Frankfurt
From Zagreb to Frankfurt – Boris Vujčić embarks on a new chapter as ECB Vice-President. Croatian TV @hrtvijesti takes viewers behind the scenes at Hrvatska narodna banka (the Croatian National Bank) and the ECB.
Danube river; Romania; lowest since 1996; irrigation restrictions; shipping and tourism disrupted
Water levels of the Danube river in Romania fell to their lowest since 1996 over the weekend, prompting irrigation restrictions for farmers and partially disrupting shipping and tourism along its banks.
India; 25+ deaths; floods and landslides; northern and northeastern India; weekend; more rain forecast
At least 25 people died in floods and landslides caused by torrential rain across northern and northeastern India over the weekend, officials said on Monday, with more rain predicted over the next few days.
Thailand is pulling out all the stops to channel idle household savings into long-term investments in stocks and bonds as a rapidly aging population drives up pension liabilities and the cost of elderly care
A global rush to build out AI infrastructure has turned the technology into a key pocket of growth in China's economy during one of its weakest stretches in years
Boeing CEO Kelly Ortberg 'turning the corner'; FAA restored self-certification authority + ongoing monitoring; next-gen single-aisle: end of next decade (2030s)
'President Trump has been very helpful in sales campaigns.' Boeing CEO Kelly Ortberg tells Bloomberg's Guy Johnson the planemaker is 'turning the corner' as it rebuilds trust and improves performance
China's quantitative hedge funds saw some of their steepest drawdowns last week as a local market rout deepened following the global selloff in chip stocks
Tensions rise in New Delhi as thousands of supporters of India's youth-led Cockroach movement attempt to march to the Parliament, demanding the education minister's resignation
West African leaders endorsed the construction of a gas pipeline linking Nigeria and Morocco, advancing a megaproject that seeks to carry the fuel to Europe's doorstep
Pump fun's $PUMP token unlocked: - 32.5B for Investors - 50B for Team - 10B for 'Community & Eco Initiatives' While Pump fun's cumulative revenue is at $1.06B, it's supply got an additional 86.6B of PUMP
AI optimism among UK CFOs doubled. Their budgets barely moved. 73% now say AI will improve performance, up from 39% two years ago. The people who sign the cheques believe in it more than they'll spend on it.
Firefighters are battling a blaze at Coupang's Incheon logistics center, where dense smoke and flammable materials are complicating efforts to extinguish the fire.
This year's World Cup was the most lucrative sporting event in history. FIFA was always certain to emerge as the financial victor of the tournament; it's poised to net over $9 billion in revenue for 2026, according to its own estimates.
KazMunayGas; Kashagan oil field; disputed $5B environmental fine; intends to pay its share
KazMunayGas, one of the major partners in the giant Kashagan oil field in Kazakhstan, intends to pay its part of a disputed $5 billion environmental fine, sources say
New York's one-year moratorium on data centers, says @allisonschrager, shows that humans will always do whatever they can to slow down technological progress
US AI-related sector businesses +45% since ChatGPT launch Nov 2022; construction sector increase significantly smaller by comparison
AI is accelerating US business formation: The number of businesses in AI-related sectors, including professional, scientific, and technical services, has grown +45% since the launch of ChatGPT in November 2022. By comparison, the number of construction businesses has increased
Police caned protesters in New Delhi as thousands gathered for a 'Cockroach' movement march on parliament demanding the resignation of education minister Dharmendra Pradhan.
Senegalese President Bassirou Diomaye Faye began the process of turning his coalition of supporters into a political party, in a bid to consolidate his power base after splitting with former ally Ousmane Sonko
GOOGLE PLANS NEW 'FROZEN' CHIP TO RUN ITS AI MODELS MUCH MORE EFFICIENTLY Google is working on a new server chip that would directly integrate the blueprint of its Gemini AI model, enabling the company to serve its AI models to users much more efficiently
ANDURIL AND ARCHER JUST UNVEILED AN AUTONOMOUS AIRCRAFT The two companies revealed a jointly-developed hybrid-electric VTOL aircraft platform, with Anduril showcasing the defense variant, called Thunder, a Group 5 autonomous attack rotorcraft designed to multiply the combat
yes [QT @Mr_Derivatives: Tom Lee on CNBC a few days ago reiterated his $SPX 2H pathway (115 trading days left): 7,455 —> 7,700 7,700 —> 6,545-6,930 6,545-6,930 —> 8,000 So we still pump a bit between now and August ish. Have a quick steep drop of 10-15% between Sept-Oct ish. Then have a monster]
Iranian Interior Minister + 6-minister delegation; Pakistan; meeting with Pakistani army commander; confirmed by Pakistani Ministry of Interior to Al-Mayadeen
Pakistani Ministry of Interior told the Al-Mayadeen: The Iranian Interior Minister will arrive this evening leading a delegation of 6 ministers, and is expected to meet with the commander of the Pakistani army.
Tom Lee's Bitmine bought back ~5.5 million shares of $BMNR common stock in the past week at an average price of $15.62 per share [QT: 5,777,468 $ETH up from 5.7M on July 13th 207 Bitcoin $BTC $385M cash $180M stake in Beast Industries $58M stake in Eightco Tom Lee and BMNR now own 4.8% of the total Ethereum]
The European Union recommended that member states delay by three years penalties on energy importers that fail to comply with the bloc's controversial methane emissions rules
BREAKING: Alphabet, $GOOGL, is planning on launching a new "frozen" chip to run its AI models more efficiently, per The Information. Details include: 1. This new server chip would directly integrate the blueprint of its Gemini AI model 2. The chip would then enable Alphabet to
Goldman Sachs Group is looking to sell new preferred shares just days after a metric determining risk and value in these securities hit its lowest level since the global financial crisis
Breaking: Rep. William Timmons (R) disclosed his first stock purchase in 6 years. He bought up to $100K of $SPCX shares on June 15th. Timmons is now the 5th Congress member to buy into SpaceX
Pump.fun daily revenue consistently >$800K; $300M annualized run rate; 2+ years post-launch; $PUMP token price up significantly after first large unlock
the @pumpfun concernoooooor..... <revenue continues to be consistently above $800k daily at a $300m run rate 2+ years post-launch> "this is very suspicious, the business is too consistently good" <the price of the token increases significantly after the first large unlock and
Coinbase makes its case for the Clarity Act, the first major legislation to regulate crypto. The crypto and banking industries both have a lot at stake and they're battling it out, while everyone waits to hear what will be in the Senate bill.
US stocks have almost never moved this independently of each other: The S&P 500's 6-month implied correlation is down to 0.15, an all-time low. Implied correlation measures how closely stocks are expected to move together, with a reading this low meaning individual stocks are
US stocks advanced on Monday, paring last week's slump, as chipmakers rebounded amid a deluge of earnings reports that will test whether Big Tech's profits can match high expectations
Reformation IPO: up to $239M; Permira PE backer; sustainable womenswear; US listing
Sustainable womenswear brand Reformation and shareholders, including its private equity backer Permira, are seeking to raise as much as $239 million in its US initial public offering
Scribe Therapeutics IPO: up to $107.2M; gene therapies for heart disease; clinical-stage; US listing
Scribe Therapeutics, a clinical-stage developer of gene therapies for heart diseases, is seeking to raise as much as $107.2 million in a US initial public offering
China's state-run CCECC has won a contract to build a $2.7 billion railway project that's part of a network that will connect the East African nation to some of its landlocked neighbors.
Compute rules everything around me CREAM [QT @ycombinator: YC and Together AI are partnering to bring the first dedicated YC GPU cluster online, giving YC startups easier access to the compute they need to build and scale.]
For $100K a month, HFTs could reportedly see Trump's Truth Social posts before you do — What they're offering here effectively, by reports, is a $100K a month subscription for large institutions that do high frequency trading, for them to be able to get early access, reportedly.
John Healey → Chancellor of Exchequer; Shabana Mahmood → Home Secretary (not Chancellor); Louise Haigh → First Secretary of State; Ed Miliband → Foreign Secretary
Goldman Sachs economists expect Turkey to allow a more rapid depreciation of the lira in order to prioritize external-balance stabilization over disinflation
Anthropic宣布向加速罕见病研究的科研人员提供最高5万美元Claude使用额度资助，这是其"AI for Science"项目首次定向公开征集。
Grants up to $50,000 Claude usage credits; rare disease researchers; first focused call within AI for Science program
We're offering grants of up to $50,000 in Claude usage credits to researchers accelerating cures for rare diseases. This is our first focused call within AI for Science, our program supporting scientists using Claude to speed up discovery.
Stellantis; new leaders Jeep + Ram brands; CEO Antonio Filosa; US business turnaround series of shakeups
Stellantis named new leaders for its Jeep and Ram brands, the latest in a series of shakeups as CEO Antonio Filosa pushes to turn around its US business
Absolutely insane… The UK government is putting in place a social media curfew for teenagers to 'protect them', while they refuse to stop unvetted third-world men from invading on rubber boats. They should try doing the government's job and leave parenting to the parents.
Book: 'AI Super Cycle' by Chris Lee; 5-layer chain framework (Energy/Nuclear/Gas/Grid → Semiconductors/NVIDIA/TSMC/Broadcom → Hardware Infra/HBM → Cloud/DC → LLM/Apps); 80+ companies analyzed; now live on Amazon
DoubleLine is positioning in shorter-dated government bonds on the view that Kevin Warsh's credibility with investors will help allow Fed officials to keep interest rates steady this year.
INTEL $INTC PLANS NEW LAYOFFS IN DATA CENTER GROUP AS A PART OF 'BROADER STRATEGY' - CNBC. 'As part of our broader strategy to become a more focused and efficient company, our data center group is aligning its organization to ensure it has the right roles and skills in place.'
btw i think it bodes quite well for safety that a well loved system was taken down for further testing at expense to internal acceleration etc [QT @polynoamial: Long-running models can solve hard open-ended problems, but their persistence can create safety risks that shorter-horizon evaluations miss.]
The 🇺🇸 Food and Drug Administration walked back an earlier statement that a sample of lettuce from Taylor Farms tested positive for cyclospora, but noted that tests are continuing on products pulled from the market - WSJ
ETH outperforms $DRAM by 5,500bp (+55%) past month; Robinhood Chain 'breakaway success'; Wall Street tokenization accelerating; ETH H2 2026 visibility improving
$ETH strengthening as 'AI downstream' assets gain traction. In the past month, Ethereum has outperformed $DRAM by 5,500bp or 55%. - visibility for ETH improving in second half 2026 - @RobinhoodApp Chain is a breakaway success - Wall Street serious about tokenization
A group of lenders led by Citigroup is preparing a $1.5 billion leveraged loan to support Veritas's acquisition of Canadian building management company BGIS
Almost everyone I talk to genuinely do not understand how ordinary families are making this work anymore, especially those raising children and the uncomfortable answer is that many of them are not. People are maintaining the appearance of financial stability by carrying credit [QT @zerohedge: A 28 Item Grocery Order From Target That Cost $64.50 In 2020 Now Costs $158.30]
The cost of protecting Oracle's debt against default hit a multi-year high Monday while its bonds sold off, as doubts grew over whether its massive AI investments will pay off
Snap said it has reached a tentative agreement to settle the second case set for trial over claims that the world's largest social media platforms are addictive to minors, leaving only Meta to face a jury starting next week in Los Angeles
Groups representing victims of Iranian-linked terrorism urged the US not to release any money to Tehran, underscoring the political risks for of fulfilling a key demand under a possible peace deal
Should be positive for @worldnetwork $WLD [QT @BMNRBullz: GRAYSCALE FILES TO LAUNCH THE FIRST U.S. WORLDCOIN ETF. Grayscale has filed an S-1 registration statement with the SEC for a proposed $WLD ETF.]