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AI Summary

  • Nvidia's stock has surged following the announcement of a $100 billion investment in OpenAI, reinforcing its role in powering AI infrastructure as expectations for increased demand for related technology grow.
  • The markets currently reflect a cautious stance, with analysts noting that investors are averaging out predictions, which leads to pricing that does not fully capture likely outcomes and may leave them exposed to unforeseen changes.
  • Immigration and Customs Enforcement (ICE) is seeing a recruitment surge, receiving over 150,000 applications for positions amid increased calls for robust immigration enforcement in the U.S.
  • In a notable setback for the automotive industry, Porsche has reduced its electric vehicle ambitions, scrapping plans for a battery-powered luxury SUV and focusing instead on traditional petrol engines and hybrid models, which has negatively impacted its stock prices.
  • President Trump is expected to approve a deal that grants Oracle control over TikTok’s U.S. operations after months of negotiations, indicating a potential shift in regulatory dynamics involving Chinese tech companies in the U.S. market.

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ZeroHedge

  • SEC Is Probing Egan-Jones Over Its Private Credit Rating Practices an hour ago by Tyler Durden

    SEC Is Probing Egan-Jones Over Its Private Credit Rating Practices For once the SEC, perhaps having finally learned its lesson from the Global Financial Crisis, or simply because it read one too many critical pieces in the press in recent weeks, is not waiting until the credit bubble bursts to warn the raters not to engage in rating shopping.  Bloomberg, which was the first to highlight Egan-Jones' role in rating thousands of credit ratings in the multi-trillion private credit market, reports that the Securities and Exchange Commission has been scrutinizing Egan-Jones Ratings, delving into the business practices of a leader in the fast-growing market

  • Stop Missing The Bigger Picture Re: Tariffs an hour ago by Tyler Durden

    Stop Missing The Bigger Picture Re: Tariffs By Michael Every of Rabobank The US Supreme Court was skeptical about Trump’s use of the International Emergency Economic Powers Act in imposing reciprocal and fentanyl tariffs. Two ‘Trump’ judges argued the statute delegates Congress’ constitutional powers to “regulate commerce” to the president but may not cover a tariff as a tax power. That said, there are a panoply of other statutes ready to use: * Section 338 of Tariff Act of 1930 - retaliatory tariffs up to 50%, restrictions on shipping, or even import bans vs countries engaging in discriminatory or unreasonable actions against

  • Trump Strikes Deal With Lilly And Novo To Offer "Drastic Discounts" On Weight-Loss Drugs 2 hours ago by Tyler Durden

    Trump Strikes Deal With Lilly And Novo To Offer "Drastic Discounts" On Weight-Loss Drugs Eli Lilly & Co. and Novo Nordisk A/S struck a deal with the Trump administration to offer their blockbuster obesity drugs at lower prices in exchange for tariff relief and expanded Medicare access. The announcement was made in the Oval Office early this afternoon, where President Trump told reporters, "I call it the fat drug ... we're offering it at drastic discounts." > Happening Now in the Oval Office with a behind the scenes view—President Trump: “Pharmaceutical companies @EliLillyandCo and @NovoNordisk have agreed to offer their most popular

  • David Sacks Responds To OpenAI: "There Will Be No Federal Bailout For AI... If One Fails, Others Will Take Its Place" 2 hours ago by Tyler Durden

    David Sacks Responds To OpenAI: "There Will Be No Federal Bailout For AI... If One Fails, Others Will Take Its Place" Update: OpenAI's tongue-in-cheek suggestion for a government backstop and/or bailout (eventually) was promptly smacked down when Trump's AI advisor David Sacks - who is hardly a fan of Sam Altman - said that "there will be no federal bailout for AI. The U.S. has at least 5 major frontier model companies. If one fails, others will take its place." That said, he clarified, "we do want to make permitting and power generation easier. The goal is rapid infrastructure buildout without

  • Were We Lied To About World War II? 2 hours ago by Tyler Durden

    Were We Lied To About World War II? The clip that started it all…. > For the people saying Darryl Cooper didn’t say “Churchill was the chief villain” in WW2 on Tucker Carlson’s podcast, watch this. > > If what he said isn’t morally and intellectually wrong, then you don’t have to lie for him. pic.twitter.com/5JgjWTZhhr > > — Samuel Sey (@SlowToWrite) September 4, 2024 For those who remember, the above remarks by historian Daryl Cooper speaking to Tucker Carlson launched a debate that has transpired for over a year since: Were Churchill and FDR the good guys? Did the U.S. and UK need to


The Guardian

  • Sudanese militia group accused of war crimes agrees to a ceasefire an hour ago by Mark Townsend
    Sudan, Africa, War crimes, Middle East and north Africa, World news

    International mediators broker three-month halt to civil war as further evidence emerges of mass civilian killings A Sudanese paramilitary group accused of killing thousands of unarmed civilians in an ethnically motivated massacre has agreed to a truce. The Rapid Support Forces (RSF), which is facing mounting criticism over apparent war crimes committed by its fighters in the city of El Fasher last month, said it had agreed to a “humanitarian ceasefire” put forward by the quad countries of the US, Egypt, the UAE and Saudi Arabia. Continue reading...

  • South Africa launches investigation into 17 citizens fighting in Ukraine 4 hours ago by Amy Hawkins and Pjotr Sauer
    South Africa, Ukraine, Russia, Europe, Africa, World news

    Men aged 20 to 39 ‘lured to join mercenary force’ in Donbas region have requested assistance to return home South Africa is launching an investigation into how 17 of its citizens ended up in the war-torn region of Donbas in eastern Ukraine. The office of the South African president, Cyril Ramaphosa, said it had received distress calls from 17 men, aged between 20 and 39, who had been “lured to join mercenary forces involved in the Ukraine-Russia war under the pretext of lucrative employment contracts” and were now requesting assistance to return home. Continue reading...

  • US ends deportation protection for South Sudanese nationals 8 hours ago by Carlos Mureithi in Nairobi
    US immigration, South Sudan, US news, World news, Africa, Trump administration, Refugees, US politics

    South Sudanese people with temporary protected status now have 60 days to leave The US is ending temporary deportation protection for South Sudanese nationals, which for more than a decade allowed people from the east African country to stay in the US after escaping conflict. In a notice published on Wednesday, the US Citizenship and Immigration Services (USCIS) said conditions in South Sudan no longer met the statutory requirements for temporary protected status. The agency said South Sudanese nationals with status through the programme had 60 days to leave the US or face deportation. Continue reading...

  • Ugandans view Mamdani’s NYC win as a ‘beacon of hope’ amid democratic struggle 10 hours ago by Carlos Mureithi in Nairobi
    Zohran Mamdani, Uganda, World news, Africa

    Ugandans react with joy after Kampala-born Mamdani’s victory during a trying time for democracy in east Africa Ugandans reacted with joy and hope to the news that Kampala-born Zohran Mamdani had been elected mayor of New York City, amid a stormy democratic and rights environment in east Africa. Mamdani, who was born in Uganda 34 years ago to a family of Indian origin, on Tuesday defeated former governor Andrew Cuomo and Republican Curtis Sliwa to become the city’s first Muslim mayor and the first of south Asian heritage. Continue reading...

  • Libyan general accused of crimes against humanity arrested in Tripoli a day ago by Angela Giuffrida in Rome
    Libya, Africa, Middle East and north Africa, World news, Italy, Giorgia Meloni

    Osama Almasri Najim was arrested in Italy in January on an ICC warrant, only to be released and flown back to Libya A Libyan general wanted by the international criminal court (ICC) for alleged war crimes and crimes against humanity has been arrested in Tripoli. Osama Almasri Najim, the former chief of Libya’s judicial police, was arrested over allegations of torturing prisoners, leading to the death of one, at Tripoli’s main prison, Libya’s prosecutor’s office said on Wednesday. Continue reading...


South China Morning Post

  • Brazil’s Lula opens Cop30 demanding courage – and cash – to save the planet an hour ago by Igor Patrick

    Brazilian President Luiz Inacio Lula da Silva kicked off the Cop30 climate summit on Thursday, urging leaders to turn promises into action while highlighting his country’s work within the Brics group to reaffirm the importance of climate finance, capacity building and technology transfer in global cooperation. The meeting comes amid the notable absence by the United States. President Donald Trump, who ordered the country’s withdrawal from the Paris Agreement in January, declined an invitation...

  • US teacher shot by 6-year-old pupil wins US$10 million in lawsuit an hour ago by Associated Press

    A jury in Virginia on Thursday awarded US$10 million to a former teacher who was shot by a six-year-old student and later accused an ex-administrator in a lawsuit of ignoring repeated warnings that the child had a gun. The jury returned its decision against Ebony Parker, a former assistant principal at Richneck Elementary School in Newport News. Abby Zwerner was shot in January 2023 as she sat at a reading table in her first-grade classroom. She had sought US$40 million against Parker in the...

  • Ukraine jails Russian soldier for life for killing POW in first such ruling 2 hours ago by Reuters

    A Ukrainian court sentenced a Russian soldier on Thursday to life in prison after finding him guilty of killing a Ukrainian prisoner of war, the first time Ukraine has jailed a suspect on such charges. The court in the southeastern city of Zaporizhzhia found Dmitry Kurashov, 27, guilty of shooting dead Vitalii Hodniuk, a Ukrainian soldier who had surrendered in January 2024 when his dugout was captured by Russian forces. Kurashov, who was taken prisoner by Ukrainian forces along with other...

  • Trump gets another shot at erasing his hush money conviction 3 hours ago by Reuters

    A US federal appeal court on Thursday said Donald Trump deserves another chance to show his New York state hush money criminal case belonged in federal court, providing a fresh opportunity for the US president to try to erase his conviction. Trump has argued that presidents are immune from prosecution over their official acts. The 2nd US Circuit Court of Appeals in Manhattan said a federal district judge should have more closely reviewed whether a 2024 Supreme Court decision on presidential...

  • Nancy Pelosi, first female speaker of US House, says she won’t seek re-election 5 hours ago by Associated Press

    US House Speaker Emerita Nancy Pelosi will not seek re-election, bringing to a close her storied career as not only the first woman in the speaker’s office but arguably the most powerful in American politics. Pelosi, who has represented San Francisco for nearly 40 years, announced her decision on Thursday. “I will not be seeking re-election to Congress,” Pelosi said in a video address to voters. Pelosi, appearing upbeat and forward-looking as images of her decades of accomplishments filled the...


New York Times

  • Here Are Airports That Could Be Affected by the Air Traffic Slowdown an hour ago by Karoun Demirjian
    Airlines and Airplanes, Airports, United States Politics and Government, Baltimore-Washington International Thurgood Marshall Airport (Md), Cincinnati/Northern Kentucky International Airport, Dallas Love Field (Dallas, Tex), Dallas-Fort Worth International Airport, Denver International Airport, Dulles International Airport (Washington, DC), Transportation Department (US), Teterboro Airport (NJ), San Francisco International Airport, Phoenix Sky Harbor International Airport, Duffy, Sean P, Bedford, Bryan, Trump, Donald J

    The cuts to flights are expected to begin Friday and deepen over the weekend to reach a 10 percent reduction in air traffic.

  • Government Shutdown Blame Game Plays Out Online and on TV 41 minutes ago by Stuart A. Thompson
    Television, United States Politics and Government, Social Media, News and News Media, Polls and Public Opinion, Shutdowns (Institutional), Bluesky (Social Network), Democratic Party, Fox News Channel, X (Formerly Twitter), MSNBC, Republican Party, Schumer, Charles E, Trump, Donald J

    A blame game has played out on the internet and on television. President Trump has pulled out the stops.

  • Nancy Pelosi Announces Retirement From Congress in 2027 4 hours ago by Heather Knight
    United States Politics and Government, Democratic Party, House of Representatives, Newsom, Gavin, Pelosi, Nancy, Trump, Donald J, California, San Francisco (Calif)

    Representative Nancy Pelosi, the only female House speaker, said she will not run for re-election. She wielded immense power and became a Democratic icon, while she was demonized by conservatives.

  • Challenging Trump, Pelosi Made History an hour ago by Annie Karni
    United States Politics and Government, House of Representatives, Pelosi, Nancy, Pelosi, Alexandra, Trump, Donald J, Storming of the US Capitol (Jan, 2021)

    The first and only woman to be speaker of the House also was the most powerful and prominent woman in Washington to effectively confront President Trump.

  • Trump Announces Deal to Drop Obesity Drug Prices to as Little as $150 a Month an hour ago by Rebecca Robbins, Margot Sanger-Katz and Dani Blum
    United States Politics and Government, Drugs (Pharmaceuticals), Weight, Health Insurance and Managed Care, Obesity, Prices (Fares, Fees and Rates), Medicare, Regulation and Deregulation of Industry, GLP-1 RAs (Drug), Politics and Government, Apnea (Sleep Disorder), Eli Lilly and Company, Novo Nordisk A/S, Biden, Joseph R Jr, Wegovy, Zepbound

    President Trump announced a deal with Eli Lilly and Novo Nordisk to lower prices on hugely popular weight-loss drugs for Medicare, Medicaid and American patients who pay with their own money.


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