iran

US and Iran Edge Closer to a Deal to End the War, Per Bloomberg

Movement in the Talks The US and Iran are edging closer to a deal to end the war, according to Bloomberg. Tehran is reportedly willing to discuss nuclear issues it previously considered off-limits, a possible shift in the talks. The nuclear file has been the war's core

openai

OpenAI Closes $11 Billion of New Funding Round at a $1.25 Trillion Valuation, Per Bloomberg

The Round That Shrank OpenAI has closed $11 billion of its new funding round at a $1.25 trillion valuation, according to Bloomberg. The round's path tells the story. OpenAI started out seeking more than $30 billion at a $1.4 trillion valuation, then scaled back to $20

Trump

Trump: Israel and the Entire Middle East Would Not Exist Today If He Had Not Stopped Iran From Having a Nuclear Weapon

The Maximal Claim Trump has said: "Israel, and in fact, the entire Middle East, would not exist today if I did not stop Iran from having a Nuclear Weapon." The statement is the president's fullest defense of the war the US and Israel opened against Iran

measles

US Measles Cases Top 5,000 for the First Time in 35 Years

A 35-Year Line Crossed US measles cases have topped 5,000 for the first time in 35 years. The CDC has now confirmed 5,182 cases this year, in 45 states, more than double last year's total. It is the highest count since 1991, and Bloomberg reports

microsoft

Microsoft Is Winding Down a Deal to Rent AI Cloud Capacity From Oracle, Per Bloomberg

The Rental Ends Microsoft is winding down a deal to rent AI cloud capacity from Oracle, according to Bloomberg. The reason, per Bloomberg: over time, the Oracle computing Microsoft was renting became less useful because it no longer fit Microsoft's specifications. The hardware ran on older-generation Nvidia

data centers

41% of Pending US Data Center Capacity Is Planned in States Whose New Governors Promised to Stop or Pause Construction, Per Cleanview

The Buildout Meets the Ballot Box 41 percent of pending data center capacity in the US is planned to be built in states where newly elected governors have promised to stop or pause such construction, according to Cleanview. The figure puts a number on the buildout's newest risk.

Arizona

Arizona Democrats Win Control of State House, Senate and Governor's Office for the First Time Since 1966, Per AP

A 60-Year Streak Ends Arizona Democrats have won control of the state House, Senate and governor's office for the first time since 1966, according to the AP. Gov. Katie Hobbs won reelection, and Democrats flipped both chambers of the Legislature. Republicans had controlled the House for 60

Stephen Miller

Trump Announces Stephen Miller as New White House Chief of Staff

The Hardliner Gets the Building Trump has announced Stephen Miller as the new White House Chief of Staff. Miller is the architect of the administration's immigration agenda, the deportation program and the hardline border posture that defined the president's second term. The chief of staff job

congress

House Laying Groundwork to Investigate Trump's Use of Grok in Maduro Capture Operation, Per WaPo

From Headline to Investigation The House is laying the groundwork to investigate Trump's use of Musk's AI chatbot, Grok, to plan the military operation and capture of Maduro, according to the Washington Post. The underlying story has been public for months: Trump asked Grok before the

trump

Trump Signs Executive Order Preventing Future Presidents From Changing the Oval Office, Per BBC

Locking the Door Behind Him Trump has signed an executive order preventing future presidents from changing the Oval Office, according to the BBC. The order follows his proclamation this week designating the Oval Office, the Outer Oval and the Cabinet Room as a national monument, a step he said he

North Carolina

North Carolina Democrat Who Beat Tim Moore Due in Court on Felony Car Theft Charge, Per the New York Post

A Win, Then a Court Date North Carolina Democrat LaKesha Womack, who pulled off a surprise win over Republican Rep. Tim Moore on Tuesday, is due in court next week on a felony car theft charge, according to the New York Post. Per the Post, Womack was served the felony

hedge funds

Hedge Fund Samlyn Capital Sells Nearly All Stocks Except Financials, Per Bloomberg

The Eject Button Hedge fund Samlyn Capital has sold off nearly all its stocks except financials and is letting go of senior analysts, according to Bloomberg. Samlyn is one of the best-known long/short equity funds in the business, running a concentrated book built on deep fundamental stock picking.

Elon Musk

Musk Says SoftBank Is Defaulting on Its Turbine Orders

Musk's Claim Elon Musk has said that SoftBank is defaulting on their turbine orders. The claim, made by Musk without supporting detail in the post, is unverified, and SoftBank has not publicly responded in the reporting available. It should be read as an allegation from a competitor with

taxes

"The Survival of American Democracy Depends on Taxing Billionaires," Per the Guardian

The Maximal Version of the Wealth Tax Case "The survival of American democracy depends on taxing billionaires. It is essential not just to fund the public goods the nation needs, it is indispensable to restore a sense of fairness," according to the Guardian. The argument lands at a

AI

Finance Jobs Are Among Those Most at Risk From AI, Per Bloomberg

Finance in the Exposure Zone Finance jobs are among those most at risk from AI, according to Bloomberg. The finding puts one of the economy's highest-paid white-collar sectors squarely in the automation path. Finance work is heavy on exactly the tasks current models do best: document

AI

Companies Pulling Back on AI, Treating Spending as a Margin Cost, Per Apollo

The AI Spend Gets Reclassified Companies are starting to pull back on AI and to treat AI spending as a cost that weighs on margins rather than a source of growth, according to Apollo. The shift in framing matters. For two years, corporate AI budgets were sold to investors as

canada

Canada's Carney Government Releases 2027–29 Immigration Plan, Per CBC

Ottawa Lays Out Three Years of Targets Canada's government under Prime Minister Mark Carney has released its immigration plan for 2027 through 2029, according to CBC. The plan targets 380,000 new permanent residents a year, alongside 370,000 new temporary residents a year made up of workers

anthropic

Investors Push Back on Anthropic's $1.5 Trillion IPO Valuation After the Market Rout, Per WSJ

The $1.5 Trillion Price Tag Meets a Falling Market Investors are pushing back on Anthropic's planned $1.5 trillion IPO valuation after the market rout, according to the Wall Street Journal. Three major investors planning to buy into the offering told the Journal the valuation will likely

Markets

“There's Still No Sign of AI Boosting Overall US Productivity,” Per Apollo

The Spending Is Real, the Productivity Is Not "There's still no sign of AI boosting overall US productivity," per Apollo. The assessment comes from Apollo Global Management's economics team, which has tracked the gap between the enormous capital spending on AI infrastructure and the

Politics

Massie Says He Will Get the Epstein Transparency Act Signed With the New House

A Promise From the Bill's Own Sponsor Representative Thomas Massie says he will get the Epstein transparency act signed now with the new House. Massie has been the Republican face of the disclosure push, co-sponsoring the legislation to compel release of the federal Epstein files and working

housing

Californians Approve Homebuying Assistance Program With 3% Down, Per NYP

3 Percent Down, Approved by Voters Californians have approved a new homebuying assistance program that will let people purchase newly built homes with just 3 percent down instead of the standard 20 percent, according to the New York Post. The program is aimed at newly built homes specifically, which ties

Markets

Mystery Seller Tries to Dump $500 Million in Data Center Loans at Once, Per Bloomberg

A Half-Billion-Dollar Exit, All at Once A mystery seller is trying to dump about $500 million in data center loans all at once, according to Bloomberg. The anonymous seller is auctioning a dozen loans. Among them is a $25 million piece of financing for a huge Stargate site

Politics

Rubio Discussing Resigning as Secretary of State With White House Officials, Per Bloomberg

Resignation Talks at the State Department Secretary of State Marco Rubio is discussing resigning from the Trump administration with White House officials, according to Bloomberg. Rubio has reportedly not made a final decision. The consideration is being driven by the Republicans' sweeping midterm losses, in which Democrats took control

Politics

Paul Graham: Now We'll Finally Learn What's in the Epstein Files

"It's Time" Paul Graham, the co-founder of Y Combinator, has said the public will now finally learn what is in the Epstein files, arguing that Mike Johnson is no longer in a position to shut down the House to prevent votes on measures to force

Politics

California Voters Appear to Reject One-Time 5% Billionaire Tax, Per NYT

The Measure Is Falling Short California voters appear to have rejected a ballot measure that would have imposed a one-time 5 percent tax on individuals and trusts with more than $1 billion in assets, according to The New York Times. The revenue from the tax was allocated to fund