Unusual Whales

Facebook owner Meta to remove news from its platform if Congress passes media bill

Per Reuters: $META to remove news if US passes the Journalism Competition and Perservation Act to the defense bill. Andy Stone, spokesperson for Meta, said that they'd completely remove news "rather than submit to government-mandated negotiations that unfairly disregard any value we provide to news outlets."

U.S. law enforcement is investigating Elon Musk’s Neuralink

Per Reuters: Elon Musk’s Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid internal staff complaints that its animal testing is being rushed, causing needless suffering and deaths, according to documents reviewed by Reuters and sources familiar with the investigation and company operations. Neuralink

VERV Stock Plunged: Here's What Happened

The Situation Verve Therapeutics Inc (NASDAQ: VERV) shares – a clinical-stage gene-editing biopharmaceutical company focusing on therapies for cardiovascular conditions – plunged on Monday after the FDA asked for additional data for its gene-editing approach. As of 12:00 PM ET, Verve shares dropped 14.08%. The Explanation Verve Therapeutics Inc went

Elon Musk Requires Managers to Write Code Likening Them to Cavalry Captains

Per Elon Musk's tweets to Zoe from The Platformer Since Elon Musk acquired Twitter, its number of employees has been thinned out as the new CEO brings up new requirements to check on work. His most recent addition is to require managers to be capable of writing meaningful

Blackrock Points Says Central Banks are Causing Recession Instead of Coming to the Rescue | CEO Shares Thoughts About Blockchain

Per Forex Live Blackrock points out how the situation has changed where central banks that used to rescue the economy from inflation are now causing it. In a section called "Living with inflation," it was noted that the situation could echo what happened in the UK. Recently, Florida

BIS Warns Pension Funds and 'Non-Bank' Firms have $80 Trillion in FX Swaps, Higher than Dollar Treasury Bills

Per Reuters The Bank for International Settlements (BIS) warns the public of high FX swap debt for pension funds and non-banking financial firms. This puts them at extreme risk since the amount of debt exceeds the stocks of dollar Treasury bills, repo, and commercial paper altogether. The total FX swap

Amazon resuming advertising on Twitter

Per Platformer News: Zoe from PLatformer intitally tweeted that Amazon is planning to resume advertising on Twitter at $100 million a year. Pending their adspend is tweaks on Twitter's security. It is unclear what those tweaks may be. Reuters, however, has stated that Amazon has never stopped advertising

Russia warns it will cut off oil supply after countries vote for $60-per-barrel price cap

Per CBS News: On Friday, numerous countries including US, Canada, Britian and 27-block EU agreed to $60 barrel oil cap. It is supposed to take place Monday. Russia said, through Dimtry Peskov, that it would not accept price ceiling. CBS stated that it will cut off supply. Mikhail Ulyanov, Russia&

Michael Burry says he is not short

In a new Tweet, Burry has said he is not short. Three weeks ago, he tweeted but than deleted: you don't know how short I am. In November, it was revealed that he had been on a buying spree. He purchased more $GEO [https://twitter.com/search?q=

The Pentagon has failed its fifth consecutive annual comprehensive audit

Per Reuters: The Pentagon failed its fifth consecutive annual comprehensive audit, with auditors concluding that its internal systems and processes for tracking weapons and finances were not sufficient, per Reuters this week. The audit consisted of 1,600 auditors visiting 220 sites and 750 virtual visits and assessing $3.5

Elon Musk says support of Democratic elections by SBF of FTX was over $1 billion

Elon Musk was replying to the following tweet by Will Manidis: SBF donating $40M to not go to jail for stealing $10B+ is one of the highest ROI trades of all time. Elon said: That’s just the publicly disclosed number. His actual support of Dem elections is probably over

Apple makes plans to move production out of China, per WSJ

Per WSJ: Apple has accelerated plans to shift some of its production outside China. Suppliers are reportedly supposed to begin looking to make Apple products elsewhere in Asia. Emphasis is especially for  India and Vietnam, the WSJ says. They are reportly looking to also reduce dependence on Taiwanese assemblers led

Here’s the average salary each generation says they need to feel financially healthy

Per CNBC:  40% of Americans say they feel “financially unhealthy, per CNBC. Some 58% of Americans feel that their quality of life is decreasing. 69% say their salary is not keeping pace. Here’s the average salary each generation says they need to feel financially healthy: * Gen Z: $171,633

Twitter files and thread from Elon Musk regarding Hunter Biden’s laptop

This is a Twitter thread from Elon Musk and Matt Taibbi regarding Hunter Biden’s laptop: The threads here aim to aggregate the information as it comes in in one spot. I highly recommend you check out the original threads at https://twitter.com/bariweiss/status/1601007575633305600 and https://twitter.

ASAN Stock Plunged: Here's What Happened

The Situation Asana Inc (NASDAQ: ASAN) shares – a web and mobile work management platform designed to help teams organize, track, and manage work – plunged on Friday after lowering its estimates for Q4 of 2022. As of 12:00 PM ET, Asana shares dropped by 12.34%. The Explanation Asana Inc

Morgan Stanley's Mike Wilson Tells the Public to Brace Themselves as the S&P Could Drop 24%

Per CNBC Morgan Stanley's Chief Investment Officer shares his far-from-optimistic predictions on stock performances. Though hard to swallow, Mike Wilson says the market should prepare for up to a 24% drop in the S&P for 2023. While offering the firm's  S&P 500

Elon Musk's SpaceX Gets FCC's Go Signal for 7,500 Next-Gen Starlink Satellites to be Deployed

Per CNBC Aside from Twitter, Musk has many other companies that have come with recent developments. These include the delivery of Tesla's Semi trucks to PepsiCo, Neuralink's event announcing its plan to start human trials in six months, and now, SpaceX getting the go signal from

$27 Billion Class-Action Suit Filed by Uvalde Shooting Victims

Per Reuters A tragedy that broke out on May 24 is now leading to a class-action lawsuit where victims of the Uvalde mass shooting seek damages for ongoing traumas. The shocking amount of the lawsuit follows that this is among the ten worst mass shooting incidents in the United States.

Kanye West’s Twitter account is suspended

This is an ongoing story. Kanye is suspended after sharing an image of a swastika justaposed on a star of David. Elon Musk removed the Tweet and added: This is not ok. He said that Kanye was inciting violence again, and would be suspended.

Blackstone limits withdrawals to investors

Per FT: Blackstone is limiting withdrawals from its  retail real estate investment trust. FT notes this is after a large rise in redemption requests from investors. These requests have already exceeded the 5% limit for REIT, per FT. See BX flow: unusualwhales.com/flow

GIII Stock Plunged: Here's What Happened

The Situation G-III Apparel Group Ltd (NASDAQ: GIII) shares – an American clothing company that designs, manufactures, and markets apparel in the US and internationally with a portfolio including Calvin Klein, Tommy Hilfiger, Guess?, Kenneth Cole, Levi's, and more – plunged on Thursday after missing earnings expectations. As of 12:

Human Trials for Elon Musk's Neuralink Brain Implant Aims to Start in Six Months | Musk Himself is Willing to Get One

Per Bloomberg Aside from Elon Musk's $44 billion acquisition of Twitter, the CEO's other company, Neuralink held an event with a huge announcement to the world. In six months, Musk's brain-chip-implant company plans to start implanting on humans. Some people have heavily misunderstood Neuralink

PepsiCo is Set to Receive Tesla's First Semi Trucks for 2017 Order

Per Electrek The long-awaited delivery day for Tesla's Semi truck is finally here. After initially announcing on Oct 7 that PepsiCo Inc would receive the much-delayed Semi-trucks on Dec 1, the date has finally arrived, and the Tesla Semi trucks are expected to be delivered. Leading up to

FTX Founder SBF Admits to Knowing There was a Problem on Nov 6 Despite Saying 'FTX is Fine' on Nov 7

Per The New York Times After a recent phone interview with Tiffany Fong, Sam Bankman-Fried went on another interview with The New York Times, revealing that he knew something was wrong on Nov 6 despite saying "FTX is fine" on Nov 7. In an interview with Andrew Ross

EU warns Elon Musk that Twitter faces ban over content moderation

This is a developpng story from FT. Reportedly, the European Union has threatened Elon Musk's Twitter with a ban. This is due to a need for a strict content moderation given EU's rules. It is unclear Elon's response.