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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

  • China's Battery Giants Flood Overseas Markets As Exports Surge 220% 37 minutes ago by Tyler Durden

    China's Battery Giants Flood Overseas Markets As Exports Surge 220% By Alex Kimani of Oilprice.com Last year, China's battery industry average utilization rate cratered to just a third of maximum capacity amid severe overcapacity following years of massive investment and expansion. This put smaller manufacturers under severe pressure and fueled further industry consolidation, while also forcing producers to increasingly seek overseas markets. Luckily, these efforts appear to be paying off: China Energy Storage Alliance has reported that Chinese battery storage forms secured ~200 overseas orders totalling 186 gigawatt-hours (GWh) in the first half of this year, good for a more than 220%

  • FDA Confirms Highest-Risk Level For Recall Of 6.7 Million Eggs an hour ago by Tyler Durden

    FDA Confirms Highest-Risk Level For Recall Of 6.7 Million Eggs Are egg prices about to soar again? The Food and Drug Administration (FDA) announced the recall of more than 6 million eggs across at least six states due to Salmonella contamination, according to a recently issued recall notice. The FDA labeled the recall as Class I, the most severe under the agency’s rules, meaning it is a dangerous or defective product that could cause serious injury or death. The recall was announced by Arkansas-based Black Sheep Egg Company earlier this month, the FDA said in a news release updated on Oct. 20 The impacted products

  • Rep. Dan Goldman Calls For ICE Agents To Be Arrested an hour ago by Tyler Durden

    Rep. Dan Goldman Calls For ICE Agents To Be Arrested Authored by Chris Wade via The Center Square, A Democratic New York congressman is calling on the NYPD to arrest and prosecute ICE agents who engage in “unlawful actions” during federal immigration crackdowns in the city. In a letter to NYPD commissioner Jessica Tisch, U.S. Rep. Dan Goldman rips U.S. Immigration and Customs Enforcement and Customs and Border Protection officers’ “outrageous and unlawful conduct” in cities around the country, saying they have been “violently and improperly” arresting U.S. citizens. Goldman said with the “likely possibility” that the Department of Homeland Security will “send armies of agents into

  • Japan Pushes Back On US Pressure To Halt Russian Energy Imports 2 hours ago by Tyler Durden

    Japan Pushes Back On US Pressure To Halt Russian Energy Imports By Irina Slav of OilPrice.com, Japan will base any decisions about energy imports on its national interests, the country’s trade minister Yoji Muto has said, following suggestions from the Trump administration that Japan suspends all purchases of Russian oil and gas. “Since the invasion of Ukraine, Japan has been steadily reducing its dependence on Russian energy,” Muto told media earlier today, as quoted by Reuters, following a meeting between U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato, at which Bessent urged Kato to stop buying Russian oil and gas. In

  • Watch: Colombian President Threatens To "Take Out" Trump 3 hours ago by Tyler Durden

    Watch: Colombian President Threatens To "Take Out" Trump Authored by Steve Watson via Modernity.news, During an interview with Univision, Colombian President Gustavo Petro threatened to “take out” President Trump after he called Petro “an illegal drug leader.” There are heightened tensions between the U.S. and Colombia after Trump took out a narco boat, killing a Colombian national who they claim was just a fisherman, but who had a lengthy criminal record. Colombia has recalled its ambassador to the U.S. and the U.S. State Department has revoked Petro’s visa, primarily owing to the fact that after the U.N. General Assembly in New York City, he


The Guardian

  • Anti-malaria funding cuts could lead to ‘deadliest resurgence ever’, study warns a day ago by Kat Lay Global health correspondent
    Global health, Global development, Malaria, Infectious diseases, Africa, World news, Science

    Expected reduction in contributions by wealthy countries likely to cost millions of lives and billions in lost growth Slashed contributions from wealthy countries to an anti-malaria fund could allow a resurgence of the disease, costing millions of lives and billions of pounds by the end of the decade, according to a new analysis. The fight against malaria faces new threats, including extreme weather and humanitarian crises increasing the number of people exposed, and growing biological resistance to insecticides and drugs, the report warns. Continue reading...

  • Tensions mount as Alassane Ouattara seeks fourth term in Ivory Coast vote 2 days ago by Eromo Egbejule in Abidjan and Sadia Mandjo in Gagnoa
    Ivory Coast, Alassane Ouattara, Africa, World news

    Protests have been banned and opposition figures sidelined as 83-year-old president ignores calls to step down “This is worth several more terms,” the Ivorian president, Alassane Ouattara, joked while opening a bridge named after him in the country’s commercial capital, Abidjan, in 2023. The appearance in recent years of several new bridges in west Africa’s second most populous city has been hailed by the president’s supporters as symbolic of an era of modernity and stable leadership under his watch. Continue reading...

  • Four dead as Kenyan security forces fire on crowds mourning Raila Odinga 5 days ago by Reuters in Nairobi
    Kenya, Africa, World news

    Thousands gather in Nairobi to pay respects to veteran opposition leader, prompting chaotic scenes at stadium Four people have been killed in Kenya’s capital, Nairobi, after security forces fired shots and teargas to disperse huge crowds at a stadium where the body of the opposition leader Raila Odinga was lying in state. Odinga, a major figure in Kenyan politics for decades who was once a political prisoner and ran unsuccessfully for president five times, died on Wednesday aged 80 in India, where he had been receiving medical treatment. Continue reading...

  • Agnes Wanjiru’s niece urges Labour to extradite ex-soldier while still in power 6 days ago by Hannah Al-Othman North of England correspondent
    Kenya, UK news, Military, World news, Politics, Africa

    Esther Njoki says family has seen ‘big change’ under Labour, after long fight for justice over aunt’s 2012 death in Kenya The niece of Agnes Wanjiru, who was killed in Kenya, said she hopes the former British soldier charged with her aunt’s murder will be extradited while the Labour government is still in power. On her first trip outside Kenya, Esther Njoki travelled to London, where she was invited to parliament to meet the defence secretary, John Healey, whom she urged not to delay the potentially years-long extradition process. Continue reading...

  • African Union suspends Madagascar as military leader set to be sworn in as president 6 days ago by Guardian staff and agencies in Antananarivo
    Madagascar, Africa, World news, African Union

    Army assumed power after parliament voted to impeach Andry Rajoelina following widespread protests Madagascar’s new military ruler will be sworn in as the country’s president on Friday, the military said on Wednesday, as the African Union suspended the island nation after a coup that ousted President Andry Rajoelina. The Indian Ocean nation has been plunged into its worst political upheaval in years after the elite Capsat army unit assumed power on Tuesday, moments after parliament voted to impeach Rajoelina, who appeared to have fled the country as street protests escalated. Continue reading...


South China Morning Post

  • Trump says US Justice Department may owe him ‘a lot of money’ over probes an hour ago by Bloomberg

    US President Donald Trump said he believed the Justice Department probably owes him compensation, following a report that he was seeking some US$230 million after he faced multiple federal investigations. “As far as all the litigation, everything that’s going on, yeah, they probably owe me a lot of money,” Trump told reporters on Tuesday at the White House. The New York Times reported earlier that Trump had initiated administrative claim processes alleging violations of his rights. The...

  • Trump says Ukraine talks with Putin off for now, doesn’t want ‘wasted meeting’ 2 hours ago by Associated Press

    US President Donald Trump said on Tuesday that his plan for a swift meeting with Russian leader Vladimir Putin was on hold because he doesn’t want it to be a “waste of time”. It was the latest twist in Trump’s stop-and-go effort to resolve the war in Ukraine. The decision to hold off on the meeting in Budapest, Hungary, which Trump had announced last week, was made following a call on Monday between Secretary of State Marco Rubio and Russian Foreign Minister Sergey Lavrov. “I don’t want to have...

  • Colombia court overturns Uribe’s conviction for bribery, witness tampering 3 hours ago by Associated Press

    An appeal court on Tuesday overturned the conviction of Colombian former president Alvaro Uribe for bribery and witness tampering for which he had been sentenced to 12 years of house arrest. Uribe, 73, has denied any wrongdoing. He was sentenced in August following a nearly six-month trial in which prosecutors presented evidence that he attempted to influence witnesses who accused the law-and-order leader of having links to a paramilitary group in the 1990s. The court on Tuesday said the...

  • Louvre heist jewels valued at over US$100 million, as director faces grilling 4 hours ago by Agence France-Presse

    The jewellery stolen from the Louvre in Paris was valued at more than US$100 million, a French prosecutor said Tuesday, as the museum’s director faces security questions from a Senate committee over the brazen weekend heist. The director, Laurence des Cars, has not made any public statement since thieves made off with royal jewels during a daylight robbery on Sunday that took just seven minutes. The Louvre is expected to re-open on Wednesday following two days of shut doors for the investigation...

  • China agrees to crisis talks in Brussels to discuss rare earths compromise 7 hours ago by Finbarr Bermingham,Xiaofei Xu

    China’s commerce minister has accepted an “urgent” invitation to Brussels, the EU’s trade chief Maros Sefcovic said on Tuesday, as the bloc looks to unpick Beijing’s restrictions on rare earth mineral exports and defuse a row over Dutch-based chipmaker Nexperia. The EU is seeking China to relax export licensing requirements for rare earth elements and magnets, which are crucial to manufacturing hi-tech goods, from fighter jets to electric vehicles, and which were broadened earlier this month. It...


New York Times

  • Trump Said to Demand Justice Dept. Pay Him $230 Million for Past Cases 3 hours ago by Devlin Barrett and Tyler Pager
    Justice Department, Mar-a-Lago (Palm Beach, Fla), Trump, Donald J, United States Politics and Government, Ethics and Official Misconduct, Conflicts of Interest, Federal Criminal Case Against Trump (Documents Case), Compensation for Damages (Law), Storming of the US Capitol (Jan, 2021), Attorneys General, Special Prosecutors (Independent Counsel), Blanche, Todd (Attorney), Bondi, Pamela J, Patel, Kashyap, Federal Bureau of Investigation

    Senior department officials who were defense lawyers for the president and those in his orbit are now in jobs that typically must approve any such payout, underscoring potential ethical conflicts.

  • Trump Officials Move Toward Deal With University of Virginia After Standoff 5 hours ago by Michael S. Schmidt and Michael C. Bender
    United States Politics and Government, Colleges and Universities, Academic Freedom, Admissions Standards, University of Virginia, Mahoney, Paul G (1959- ), Ryan, James E (1966- ), Trump, Donald J

    The Trump administration is closing in on a deal with the University of Virginia, four months after government pressure forced the school’s previous president to resign.

  • A 200-Year-Old Precedent Holds the Key to Trump’s Troop Deployment 4 hours ago by Adam Liptak
    United States Politics and Government, Illegal Immigration, Federal-State Relations (US), Demonstrations, Protests and Riots, United States Defense and Military Forces, Suits and Litigation (Civil), Politics and Government, Immigration and Emigration, Courts-Martial, War of 1812, Horses, Immigration and Customs Enforcement (US), National Guard, Supreme Court (US), Madison, James (1751-1836), Sauer, D John (1974- ), Trump, Donald J

    The administration says the ruling, stemming from the seizure of an old mare, forbids judges from second-guessing his use of the National Guard.

  • In a Reversal, Trump Will Not Meet With Putin in Coming Weeks an hour ago by Zolan Kanno-Youngs
    United States Politics and Government, United States International Relations, Russian Invasion of Ukraine (2022), Lavrov, Sergey V, Putin, Vladimir V, Leavitt, Karoline, Rubio, Marco, Trump, Donald J, Zelensky, Volodymyr, Budapest (Hungary), Russia, Ukraine, internal-open-access-from-nl

    The back-and-forth was the latest example of President Trump teasing a breakthrough, only to be pulled back by President Vladimir V. Putin of Russia.

  • In Trump’s Washington, Hate Is Not a Deal Breaker an hour ago by Katie Rogers
    United States Politics and Government, Holocaust and the Nazi Era, Anti-Semitism, Appointments and Executive Changes, Right-Wing Extremism and Alt-Right, Senate, United States Office of Special Counsel, Antoni, E J, Ingrassia, Paul, Johnson, Ron (1955- ), Thune, John R, Trump, Donald J, Vance, J D, Germany

    Paul Ingrassia’s nomination illustrated how much antisemitic and hateful rhetoric has been explained away or rewarded by Republicans in power.


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