Business - Page 73

2025-06-03

Inmate forged Trump death threats to get star witness deported: Prosecutors

The threatening letters to President Donald Trump which led to a highly-touted arrest of an undocumented immigrant were actually written by a jailed Wisconsin man trying to get him deported, prosecutors said. Demetric DeShawn Scott, the inmate, hoped to get Mexican immigrant Ramon Morales-Reyes deported because he is a witness in Scott’s upcoming criminal trial, a complaint alleges. Scott is now charged in Milwaukee Circuit Court with identity theft and felony intimidation of a witness, and bail jumping in connection with the alleged scam. But Morales-Reyes, a married father of three who works as a dishwasher, remains in custody because he was in the United States illegally, the Department of Homeland Security said.Threatening letters about President Donald Trump that led to the highly-touted arrest by federal authorities of an undocumented immigrant last month were actually written by a jailed Wisconsin man trying to get him deported, prosecutors said in a new criminal complaint.Demetric DeShawn Scott, the inmate, hoped to get Mexican immigrant Ramon Morales-Reyes deported because he is a witness in Scott’s upcoming criminal trial for alleged armed robbery and battery against Morales-Reyes, a criminal complaint filed Monday says.“I got a plan. I got a hell of a plan,” Scott, 52, said in a recorded call from jail on April 27, according to the criminal complaint.And in a May 16 recorded call, Scott, referring to Morales-Reyes, said, “This dude is a goddamn illegal immigrant and they just need to pick his ass up.”“I’m dead serious cause I got Jury Trial on July 15th,” the complaint said. “And the judge will agree cause if he gets picked up by ICE, there won’t be a Jury Trial so they will probably dismiss it that day. That’s my plan.”Scott is now charged in Milwaukee Circuit Court with identity theft and felony intimidation of a witness, and bail jumping in connection with the alleged scam. CNBC has requested comment from his attorneyBut Morales-Reyes, a 54-year-old married father of three who works as a dishwasher, remains in custody because he was in the United States illegally, according to the Department of Homeland Security.He faces an appearance before an immigration judge on Wednesday and the possibility of removal from the United States.Courtesy: U.S. Homeland SecurityICE arrested Ramon Morales-Reyes, a 54-year-old from Mexico on May 22, 2025.A senior DHS official, in a statement to CNBC when asked about Morales-Reyes, said, “The investigation into the threat is ongoing.”“Over the course of the investigation, this individual was determined to be in the country illegally and that he had a criminal record,” the official said. “He will remain in custody.”DHS last month said that Morales-Reyes “entered the U.S. illegally at least nine times between 1998-2005.”“His criminal record includes arrests for felony hit-and-run, criminal damage to property and disorderly conduct with a domestic abuse modifier,” the department said at the time.A lawyer for Morales-Reyes, Kime Abduli, told CNBC that he recently applied for a U visa, which is available for people in the U.S. illegally who are the victims of certain crimes.Abduli said Morales-Reyes was attacked with a box cutter by a man whom he later identified as Scott in 2023, and that he cooperated with authorities in their investigation.Abduli said she and another lawyer for him are “putting in all efforts we can to get him out” of immigration detention.“Honestly, it’s kind of been a whirlwind the past few days,” she said. “It’s been a lot to process. It’s just unfortunate that this has spun to the level it has and that Mr. Morales has been dragged into the limelight in this way, but I just hope that justice prevails. It’s been hard for him and his family.”The immigrant was arrested outside a Milwaukee school on May 22 after dropping off his daughter, who, like his other two children, is a U.S. citizen, according to Abduli.“Thanks to our ICE officers, this illegal alien who threatened to assassinate President Trump is behind bars,” Department of Homeland Security Secretary Krist Noem said in a May 28 statement announcing his arrest.The bust came a day after the Wisconsin Attorney General’s Office, the police chief of Milwaukee, and the U.S. Immigration and Customs Enforcement Office in that city all received mailed handwritten letters in envelopes with the return address of Morales-Reyes, the complaint says.“The letters were all handwritten and, although not exactly the same, all wrote about immigration policy and threatening to kill ICE agents or President Donald Trump,” the filing says.“Those letters also appeared to be written by the same person.”The complaint quotes excerpts of the letters, which were written in English.“That interview was conducted using translation assistance, as RM-R does not read, write, or fluently speak English,” the complaint said.“During that interview, law enforcement asked RM-R who would want to get RM-R in trouble. RM-R stated that the only person who would want to get him in [trouble] was the person who had robbed him and who law enforcement knows to be the defendant, Demetric D. Scott.”The complaint said the detective had Morales-Reyes write a handwritten note, which showed “completely different handwriting than what is on the letters and envelopes.”After speaking with Morales-Reyes, law enforcement listened to recordings of several calls from the Milwaukee County Jail that were made by Scott.In an April 27 call, Scott told another person to tell a third person that he was going to send two letters to her hours, and “I need Carmella to mail off for me.”In another call on the same day, Scott talked about having sent “a big manila envelope” to his mother’s house.“I just need you to put them in the mailbox for me,” Scott said, according to the criminal complaint. “I just need them to be mailed out from the street and not from here.”In a call on May 1, using another inmate’s ID number, Scott told the person on the other end of the line to write down a number, which was for the Immigration and Customs Enforcement tip line, and “call this number for me,” the filings said.On May 11, Scott had a call in which he said, “I’ll probably get out this motherf—– July 15,” which is the date of his scheduled trial for allegedly robbing Morales-Reyes, according to the complaint. Trump and China’s Xi will likely talk very soon, White House official saysWhite House ‘close to the finish line’ on some trade deals: Treasury officialChina counters Trump’s accusations of Geneva trade deal violationsElon Musk: I don’t want responsibility for everything administration is doingTrump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’EU ‘prepared to impose countermeasures’ after Trump doubles steel tariffs to 50%Pentagon chief says U.S. ready to ‘fight and win’ against ChinaPBS sues Trump over executive order to cut funding“Dude don’t come to court then they gonna have to dismiss my case,” Scott said. “Listen, I need, um, an address. I need for someone to go google, uh, um, um, uh, Department of Justice, the Attorney General. I need the Attorney General address in the state of Wisconsin. Do you know how to do that?Last Friday, a Milwaukee police detective interviewed Scott, who “admitted that he wrote everything on the letters and envelopes himself. He stated that the letters were made without the assistance of anyone,” the complaint said.“When asked what was going through his head at the time of writing the letters, the defendant stated ‘Freedom,’ ” the complaint said.“The defendant admitted that his intention was not to go after President Trump, rather, to prevent RM-R from testifying at his trial,” the complaint said.“The defendant stated that he knew that including a threat to President Trump in the letters would mean that Secret Service would have to get involved and law enforcement would definitely go to RM-R’s house.”Scott, shortly after that interview, called his mother from jail, according to the complaint.“The detective was like, ‘Well, whatever your plan was, it worked he said, cause he got deported now because we had to go pick him up,’ ” Scott told his mother, the complaint said.“Out of all the time I’ve been in here, 19 months, his ass got what he deserve,” Scott said.“He got deported the way he should’ve because he wasn’t supposed to be here anyway, so he can take his ass back to Mexico. He took 19 months away from me and probably longer than that.”

2025-06-03

Strategy Launches STRD Preferred Stock Offering 10% Yield

Michael Saylor's Strategy (NASDAQ:MSTR), the world's largest corporate holder of Bitcoin (CRYPTO: BTC) on Monday introduced a new preferred stock product: Series A Stride Preferred (STRD) is designed to provide a high-yield return for long-term investors.The STRD offering marks the company's third preferred instrument as it continues building a structured and diversified capital stack anchored in Bitcoin exposure.STRD delivers a fixed 10% dividend with perpetual duration and ranks below Strategy's senior preferred instrument (NASDAQ:STRF), but above the firm's common equity.It is structured to sit at the riskier end of the firm's yield curve but compensates investors with its highest payout to date among Strategy's preferred options.Unlike (NASDAQ:STRF), which prioritizes ...Full story available on Benzinga.com

2025-06-03

Don’t charge your phone at airport USB ports, warns the TSA - Fortune

Don’t charge your phone at airport USB ports, warns the TSA FortuneBank CEO running 4-day workweek says cutting working hours isn’t ‘progressive’, and AI will make it ‘bloody logical’ FortuneDuolingo Made a Huge Announcement. What Happened Next Was Anything but Expected Inc.comAmid Backlash, Duolingo Backtracks on Plans for AI Pivot PCMagInside IBM's rebound: Can CEO Arvind Krishna bring the tech company back to its former glory? Fortune

2025-06-03

Stock Market Today: Dow Jones Flat After Win Streak; Meta Deal Lifts Stocks In This Group (Live Coverage)

The Dow Jones and other major indexes were mixed Tuesday morning. Nuclear names rallied on the stock market today .The post Stock Market Today: Dow Jones Flat After Win Streak; Meta Deal Lifts Stocks In This Group (Live Coverage) appeared first on Investor's Business Daily.

2025-06-03

Job Openings Unexpectedly Jump to 7.39 Million in April: JOLTS

Payrolls little changed as hiring and layoffs were flat again.

2025-06-03

Here's How Much $100 Invested In Encompass Health 10 Years Ago Would Be Worth Today

Encompass Health (NYSE:EHC) has outperformed the market over the past 10 years by 2.27% on an annualized basis producing an average annual return of 13.3%. Currently, Encompass Health has a market capitalization of $12.19 billion. Buying $100 In EHC: If ...Full story available on Benzinga.com

2025-06-03

From No Hope to a Potential Cure for a Deadly Blood Cancer - The New York Times

From No Hope to a Potential Cure for a Deadly Blood Cancer The New York TimesDrug labeled ‘potential cure’ for multiple myeloma treating Phoenix-area patients AZFamilySingle infusion of CARVYKTI® (ciltacabtagene autoleucel) delivered lasting treatment-free remissions for at least five years in patients with relapsed or refractory multiple myeloma | JNJ Stock News GuruFocusCilta-Cel Boosts Survival Vs SOC Across Key Subgroups of R/R Multiple Myeloma OncLiveLegend Biotech Reports Long-Term Progression-Free Survival Data for CARVYKTI® in Multiple Myeloma and Promising Early Results from New CAR-T Therapies in Solid Tumors Nasdaq

2025-06-03

Wyr.ai Partners with Vuzix to Launch Its New M400 Smart Glasses-based AI-driven Quality Assurance Inspection Platform

ROCHESTER, N.Y., June 3, 2025 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, today announced that the Company and Wyr.ai Private Limited ("Wyr.ai"), a...

2025-06-03

DARZALEX FASPRO® (daratumumab and hyaluronidase-fihj)-based regimen shows 95 percent progression-free survival at four years in transplant-eligible, newly diagnosed patients with multiple myeloma who achieved sustained MRD negativity

More than half of patients maintained minimal residual disease (MRD) negativity (10-5) with DARZALEX FASPRO® for 24 months or longer in the Phase 3 PERSEUS study Data from Phase 3 CEPHEUS study show 60 percent overall MRD negativity (10−5) and improved PFS with DARZALEX FASPRO® in...

2025-06-03

Early results from Johnson & Johnson's trispecific antibody show promising response in heavily pretreated multiple myeloma patients

Phase 1 trial demonstrates encouraging clinical activity of investigational immunotherapy for relapsed or refractory multiple myeloma Novel investigational dual-antigen-targeting immunotherapy binds to B-cell maturation antigen (BCMA) and GPRC5D on myeloma cells, as well as CD3 on T-cells...

2025-06-03

Single infusion of CARVYKTI® (ciltacabtagene autoleucel) delivered lasting treatment-free remissions for at least five years in patients with relapsed or refractory multiple myeloma

New long-term CARTITUDE-1 data show one-third of patients treated with CARVYKTI® remain progression-free CARTITUDE-4 analysis shows compelling overall survival and progression-free benefits in standard and high-risk subgroups across prior lines of treatmentCHICAGO, June 3, 2025 /PRNewswire/ -- Johnson & Johnson (NYSE:JNJ) announced today new long-term follow-up data from the Phase 1b/2 CARTITUDE-1 study demonstrating 33 percent (n=32) of patients in the study (n=97) with relapsed or refractory multiple myeloma (RRMM) treated with CARVYKTI® (ciltacabtagene autoleucel; cilta-cel) achieved progression-free survival (PFS) of five years or more with a single infusion and no maintenance or subsequent anti-myeloma therapy.1 These data underscore Johnson & Johnson's dedication to advancing transformative therapies that aim to reshape the treatment landscape for patients with multiple myeloma. In a subset of 12 patients who underwent serial evaluations at a single site, all were minimal residual disease (MRD) negative and imaging negative throughout five years of post-treatment follow-up. Findings were featured in an oral presentation at the 2025 American Society of Clinical Oncology (ASCO) Annual Meeting (Abstract #7507). The data were also simultaneously published in The Journal of Clinical Oncology."This new evidence shows how a single infusion of CARVYKTI can help patients survive without disease progression much longer than previously thought possible in this setting, and without any maintenance or subsequent treatment," said Peter M. Voorhees*, M.D., Clinical Professor of Hematology and Oncology at Atrium Health, Levine Cancer Institute at Wake Forest University School of Medicine. "In a heavily pre-treated population, a third of patients remained treatment- and progression-free for at least five years."The Phase 1b/2 CARTITUDE-1 study (n=97) evaluated CARVYKTI® for the treatment of heavily pre-treated patients with RRMM. Patients who remained progression free for at least five years (n=32) had a median of six prior lines of therapy and included subgroups with high-risk cytogenetics (23.3 percent), extramedullary disease (12.5 percent), triple-class refractory (90.6 percent), and penta-drug refractory (46.9 percent). At a median follow-up of 61.3 months, median overall survival (OS) was 60.7 months (95 percent confidence interval [CI] 41.9, not estimable [NE]), highlighting the depth and durability of response with CARVYKTI®.With longer follow up, the safety profile in CARTITUDE-1 was consistent with the known safety profile of CARVYKTI®, with no new safety signals observed. There were two newly reported second primary malignancies (both solid tumors) and no new Parkinsonism events or cranial nerve palsies.Additional data from another CARVYKTI® study, CARTITUDE-4, presented at the 2025 ASCO Annual Meeting evaluated PFS and OS versus standard of care in prespecified subgroups, including patients with standard and high-risk cytogenetics, extramedullary disease and by line of therapy (Abstract #7539). Results demonstrated that CARVYKTI® improved PFS and OS across subgroups. In patients with standard-risk disease after one to three prior lines of treatment, PFS curves indicate stability in survival rates."Across our multiple myeloma portfolio and pipeline, we are shifting from treating to progression to treating to cure," said Jordan Schecter, M.D., Vice President, Research & Development, Multiple Myeloma, Johnson & Johnson Innovative Medicine. "Our focus is to extend patient survival, and based on our expertise of the disease biology, develop treatment regimens with curative potential."Results will also be presented at the upcoming European Hematology Association (EHA) 2025 Congress.About the CARTITUDE-1 Study CARTITUDE-1 (NCT03548207) is a Phase 1b/2, open-label, multicenter study that evaluated the efficacy and safety of cilta-cel in adults with relapsed and/or refractory multiple myeloma (RRMM), 99 percent of whom were refractory to the last line of treatment; 88 percent of whom were triple-class refractory, meaning their cancer did not or no longer responds to an immunomodulatory agent, a proteasome inhibitor and an anti-CD38 antibody.2 The primary objective of the Phase 1b portion of the study, involving 29 patients, was to characterize the safety and confirm the dose of cilta-cel, informed by the first-in-human study with LCAR-B38M CAR-T cells (LEGEND-2). Based on the safety profile observed in this portion of the study, outpatient dosing is being evaluated in additional CARTITUDE studies. The Phase 2 portion of the study is evaluating the efficacy of cilta-cel with overall response as the primary endpoint. The study involved patients with heavily pretreated RRMM who historically have an expected median progression-free survival of About CARTITUDE-4 CARTITUDE-4 (NCT04181827) is the first randomized Phase 3 study evaluating the efficacy and safety of CARVYKTI®. The study compares CARVYKTI® with standard of care treatments PVd or DPd in adult patients with relapsed and lenalidomide-refractory multiple myeloma who received one to three prior lines of therapy. The primary endpoint of the study is progression-free survival (PFS); safety, OS, minimal residual disease negative rate and overall response rate are secondary endpoints. About CARVYKTI® (ciltacabtagene autoleucel; cilta-cel) CARVYKTI® (cilta-cel) received U.S. Food and Drug Administration approval in February 2022 for the treatment of adults with relapsed or refractory multiple myeloma after four or more prior lines of therapy, including a proteasome inhibitor, an immunomodulatory agent, and an anti-CD38 monoclonal antibody.3 In April 2024, CARVYKTI® was approved as the first and only cell therapy in the U.S. for treatment of adult patients with relapsed or refractory multiple myeloma who have received at least one prior line of therapy including a proteasome inhibitor, an immunomodulatory agent, and who are refractory to lenalidomide. In April 2024, the European Medicines Agency (EMA) approved a Type II variation for CARVYKTI® for the treatment of adults with relapsed and refractory multiple myeloma who have received at least one prior therapy, including an immunomodulatory agent and a proteasome inhibitor, have demonstrated disease progression on the last therapy, and are refractory to lenalidomide. CARVYKTI® is a BCMA-directed, genetically modified autologous T-cell immunotherapy that involves reprogramming a patient's own T-cells with a transgene encoding chimeric antigen receptor (CAR) that directs the CAR-positive T cells to eliminate cells that express BCMA. BCMA is primarily expressed on the surface of malignant multiple myeloma B-lineage cells, as well as late-stage B cells and plasma cells. The CARVYKTI® CAR protein features two BCMA-targeting single domains designed to confer high avidity against human BCMA. Upon binding to BCMA-expressing cells, the CAR promotes T-cell activation, expansion, and elimination of target cells. In December 2017, Janssen Biotech, Inc., a Johnson & Johnson company, entered into an exclusive worldwide license and collaboration agreement with Legend Biotech USA, Inc. to develop and commercialize CARVYKTI®. For more information, visit www.CARVYKTI.com. About Multiple Myeloma Multiple myeloma is an incurable blood cancer that affects a type of white blood cell called plasma cells, which are found in the bone marrow.4 In multiple myeloma, these plasma cells proliferate and spread rapidly and replace normal cells in the bone marrow with tumors.5 Multiple myeloma is the third most common blood cancer worldwide and remains an incurable disease.6 In 2024, it was estimated that more than 35,000 people will be diagnosed with multiple myeloma in the U.S. and more than 12,000 people would die from the disease.7 People living with multiple myeloma have a 5-year survival rate of 59.8 percent.8 While some people diagnosed with multiple myeloma initially have no symptoms, most patients are diagnosed due to symptoms that can include bone fracture or pain, low red blood cell counts, tiredness, high calcium levels and kidney problems or infections.9,10CARVYKTI® IMPORTANT SAFETY INFORMATION INDICATIONS AND USAGE CARVYKTI® (ciltacabtagene autoleucel) is a B-cell maturation antigen (BCMA)-directed genetically modified autologous T cell immunotherapy indicated for the treatment of adult patients with relapsed or refractory multiple myeloma, who have received at least 1 prior line of therapy, including a proteasome inhibitor and an immunomodulatory agent, and are refractory to lenalidomide. IMPORTANT SAFETY INFORMATION WARNING: CYTOKINE RELEASE SYNDROME, NEUROLOGIC TOXICITIES, HLH/MAS, PROLONGED and RECURRENT CYTOPENIA, and SECONDARY HEMATOLOGICAL MALIGNANCIES Cytokine Release Syndrome (CRS), including fatal or life-threatening reactions, occurred in patients following treatment with CARVYKTI®. Do not administer CARVYKTI® to patients with active infection or inflammatory disorders. Treat severe or life-threatening CRS with tocilizumab or tocilizumab and corticosteroids. Immune Effector Cell-Associated Neurotoxicity Syndrome (ICANS), which may be fatal or life-threatening, occurred following treatment with CARVYKTI®, including before CRS onset, concurrently with CRS, after CRS resolution, or in the absence of CRS. Monitor for neurologic events after treatment with CARVYKTI®. Provide supportive care and/or corticosteroids as needed. Parkinsonism and Guillain-Barré syndrome (GBS) and their associated complications resulting in fatal or life-threatening reactions have occurred following treatment with CARVYKTI®.Full story available on Benzinga.com

2025-06-03

MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the Livestock Flooring Quadrant Report 2025

DELRAY BEACH, Fla., June 3, 2025 /PRNewswire/ -- 360Quadrants has released its latest Livestock Flooring Startups/SMEs Companies Assessment, 2025, recognizing key players, including both global giants and emerging innovators, for their excellence in market presence, product innovation, and business strategy. The report highlights Deesawala Rubber Industries, Duratuf Products Pvt. Ltd., Comfort Slat Mat, and American Farm Rubber LLC among the top companies that are actively shaping the future of the Livestock Flooring Startups/SMEs Companies Assessment.The evaluation leverages 360Quadrants' proprietary methodology to map competitive positioning across 7,000+ micro markets within 10+ industries, enabling decision-makers to make strategic, data-backed vendor choices.Company Highlights in the Livestock Flooring Startups/SMEs Companies Assessment:Duratuf Products Pvt. Ltd. (Duratuf) is a globally recognized supplier of premium rubber products, including electrical insulation mats, cow mats, rubber sheets, and conveyor belts. Backed by over 14 years of industry expertise, Duratuf has served more than 3,655 customers across 52 countries and contributed to over 10,565 projects worldwide with cost-effective, high-performance solutions. Duratuf's conveyor belts are designed to meet the demands of sectors such as construction, energy, manufacturing, and food & beverage. Through strategic initiatives like the Channel Partnership Program and Vendor Acquisition Program, the company fosters collaborative growth and long-term success.Deesawala Rubber Industries, an ISO 9001:2008 certified company, is a premier manufacturer of high-quality rubber products with a strong focus on cow comfort solutions, particularly rubber cow mats. With over three decades of industry experience, the company serves diverse sectors including dairy, mining, power, defense, and infrastructure, offering precision-engineered molded components such as vibration pads, gaskets, and rubber rings. Deesawala's rubber cow mats are specifically designed to enhance cattle welfare. Featuring a diamond pattern to reduce slippage and promote hoof recovery, these meats also include deep ...Full story available on Benzinga.com

2025-06-03

Tesla is forced to remove 64 Superchargers on NJ Turnpike, Musk claims ‘corruption’ - Electrek

Tesla is forced to remove 64 Superchargers on NJ Turnpike, Musk claims ‘corruption’ ElectrekNew Jersey Turnpike switching to new EV charging stations, dropping Tesla 6abc PhiladelphiaTesla Superchargers are being removed from the N.J. Turnpike as state opts for third-party EV chargers Fast CompanyWill Jersey EV drivers suffer for Phil Murphy’s slap at Elon Musk? New York PostElon Musk claims ‘corruption’ as Tesla chargers kicked off the New Jersey Turnpike NJ.com

2025-06-03

Applied Digital Corp, Meta Platforms, Alphabet, Lyra Therapeutics, Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks closed higher on Monday, with the Dow Jones Industrial Average inching up 0.08% to 42,305.48, the S&P 500 advancing 0.4% to 5,935.94, and the Nasdaq climbing nearly 0.7% to 19,242.61.These are the top stocks that gained the attention of retail traders and investors throughout the day:Applied Digital Corp (NASDAQ:APLD)Applied Digital’s shares surged by 48.46%, closing at $10.14. The stock hit an intraday high of $10.54 and a low of $8.03, with a 52-week range of $3.01 to $12.48. The shares rose nearly 3.5% in the after-hours trading. The company announced long-term lease agreements with CoreWeave Inc., spanning approximately 15 years. These agreements will provide 250 megawatts of critical IT load to support CoreWeave’s AI and high-performance computing infrastructure at Applied Digital’s North Dakota data center.Meta Platforms Inc. (NASDAQ:META)Meta Platforms saw a 3.62% increase, closing at $670.90. The stock’s intraday high was $673.26, with a low of $644.26, and a 52-week range of ...Full story available on Benzinga.com

2025-06-03

Microsoft lays off hundreds of WA workers, weeks after companywide cuts - The Seattle Times

Microsoft lays off hundreds of WA workers, weeks after companywide cuts The Seattle TimesMicrosoft Cuts Hundreds More Jobs After Firing 6,000 Last Month Bloomberg.comMicrosoft to lay off 305 Redmond employees starting in August KOMOMicrosoft makes additional job cuts, laying off more than 300 in Washington state GeekWireMicrosoft CEO Defends 6,000 Job Cuts as 'Strategic, Not Firings' Yahoo Finance

2025-06-03

How Aristotle Made Me Rethink AI’s Impact on Knowledge Workers

AI stands to create widespread societal change. That means we humans need to ask some big questions about our purpose.

2025-06-03

Is There A New England Serial Killer? Social Media Says Maybe, Police Say No.

Is There A New England Serial Killer? Social Media Says Maybe, Police Say No. Authored by Allan Stein via The Epoch Times (emphasis ours),NEW ENGLAND—On the eve of Easter Sunday, detectives in Narragansett, Rhode Island, were busy investigating crimes when messages began to pour in.“It came from everywhere,” Detective Sgt. Brent Kuzman said, referring to the flurry of emails and phone calls to dispatch that pointed to an anonymous Facebook post on a group called New England SK (the SK referring to serial killer).While the identity of the person behind the post was unavailable publicly, the post itself suggested the possibility of six bodies buried at Black Point near Scarborough Beach, each positioned vertically and facing the ocean.And despite the post also stating it was a piece of fiction, Kuzman believed the message contained enough credibility to prompt further investigation.That same day, on April 19, four detectives from the Narragansett PD and two Rhode Island State Police cadaver dog teams began searching along woodland trails and the Scarborough beachfront. The department also contacted the FBI.The search lasted for 20 hours and yielded nothing.“We used our whole detective division over two days,” Kuzman told The Epoch Times. “We had to put off every other case. The area we looked at was an extensive amount of land.”Kuzman said the investigation concluded the post was a “100 percent” hoax, adding that the creator of the post has since deleted the message, canceled the account, and remains unidentified. The police declined to provide a screenshot of the post to The Epoch Times.This, however, is just one chapter in a story of murder, conspiracy, and hoaxes revolving around a supposed serial killer, and all being played out on social media.On the Side of CautionSocial media had been buzzing for months following the discovery of 13 bodies and skeletal remains in Connecticut, Massachusetts, and Rhode Island between March and April.Most of the remains found were female, including two who had been reported missing in 2024.In Massachusetts, three cases were identified as homicides, which led to two separate arrests on murder charges. Other causes of death are still undetermined or involve circumstances that police are unable to disclose.Two cases involve incomplete sets of human remains.The location near a bike path where police found the body of Meggan Meredith in Springfield, Mass., on May 8, 2025. She was pronounced dead shortly after 8 a.m. on April 22. Authorities have ruled her death a homicide. Allan Stein/The Epoch TimesOn March 27, a hunter searching for deer antlers found a portion of a human skull in Plymouth, Massachusetts, according to Boston25 News. Police closed off the area as part of the ongoing investigation.The department released a statement the next day, stating there was “no threat to public safety.”On May 4, police reported the discovery of a possible human leg bone near the home of pop singer Taylor Swift in an upscale area of Westerly, Rhode Island. The remains have not been identified.The Epoch Times contacted the Westerly police for a comment.Linking CasesThe chatter and differing opinions on social media about a possible serial killer have continued with each grisly discovery.“LE [law enforcement] still saying it is not a SK [serial killer]. I think now is when they should be most concerned. This ‘killer(s)’ is getting more brazen. They are calling out for recognition,” read one Facebook post.Another Facebook post read: “I can understand not wanting to jump to conclusions or cause a panic, but why does it always seem like the police are just dead set against even considering the possibility of a serial killer?”A May 1 post states: “While some of the people found have indeed been victims of foul play, there are others who seem more like a victim of their own demons.”Kuzman believes there is no evidence linking all the cases, and that social media users have been selectively focusing on certain cases to support a serial killer narrative.“I feel like the whole movement behind this is cherry-picking—like they have a conclusion—and they’re trying to justify whatever data they have of there being a serial killer,” he said.“There’s been nothing [from law enforcement] about a potential suspect in a serial killing in this region at all,” he said.But the story has developed a “life of its own.”On April 24, Hampden County District Attorney Anthony Gulluni issued a statement addressing growing concerns after police found a woman unresponsive on a bike path near the Naismith Memorial Basketball Hall of Fame in Springfield, Massachusetts.Meggan Meredith, 45, was pronounced dead shortly after 8 a.m. on April 22. Authorities have classified her death as a homicide.“We understand the unease that comes with such acts of violence,” Gulluni said, “and we want the community to know that each of these cases is being thoroughly investigated in close coordination with our law enforcement partners.”The Naismith Memorial Basketball Hall of Fame, near the bike path where Meggan Meredith was found unresponsive on April 22, in Springfield, Mass., on May 8, 2025. Allan Stein/The Epoch TimesHe advised people to exercise caution when sharing social media posts that aim to spread fear and misinformation.“Unverified claims can compromise active investigations and contribute to a sense of chaos that does not reflect the full picture,” Gulluni said.Serial Killers EverywhereMultiple law enforcement agencies across the country have expressed similar concerns about social media posts claiming that serial killers are active throughout the United States.Law enforcement classifies a serial killer as someone who murders two or more individuals in separate incidents. Usually, it’s for psychological pleasure, thrill-seeking, attention, or financial gain.On Dec. 5, 2024, the San Bernardino County Sheriff’s Department addressed social media claims about a serial killer targeting individuals as part of a nationwide “scam.”“Please be assured that we would inform you immediately of any potential threat to your safety or the safety of our community. Your safety is our greatest priority,” the department posted on Facebook.On Dec. 9, 2024, police in Odessa, Texas, posted a similar warning on Facebook about a possible serial killer “knocking on doors in Odessa.”“These posts are intended to cause unwarranted public harm and have been determined to be false,” the post added.The Eastland Police Department in Texas also addressed allegations of a serial killer, determining them to be false.“Please be assured that there is no credible threat to our community. Similar posts have appeared in various regions and are designed to create panic and fear,” the department wrote on its Facebook page.“We urge everyone to verify information through your local law enforcement departments before sharing.”On Jan. 31, police in Camden, South Carolina, warned residents about a scam circulating on social media that falsely claimed serial killers were targeting several states.The posts included random names and mugshots to lend credibility to the misinformation.“Once the post goes viral, they edit the content to promote scams (fake rental listings, phishing links). Do not share or engage these posts,” the notice added.“Stay informed and always verify information from trusted sources.”Serial killings make up less than 1 percent of all homicides, according to the World Population Review.Since the 1990s, the rate of serial killings has declined, with California having the highest number of known victims at 1,777 between 1992 and 2019. Texas had the second highest number of victims with 984, followed by Florida with 933, Illinois and New York round out the top five.Flowers are placed on the Odessa Police Department sign following a deadly shooting spree in Odessa, Texas, on Sept. 1, 2019. Cengiz Yar/Getty ImagesTrolling Law EnforcementSpreading or discussing false information or rumors on social media is generally not considered a crime under federal law. However, it can lead to legal consequences if done with malicious intent or if it causes harm.Under Title 18 U.S. Code 1038, known as the false information and hoaxes law, it is a federal offense to engage in any conduct intended to convey false or misleading statements about a major crisis to incite fear and panic.Kuzman noted that the Facebook post mentioning a gravesite in Narragansett seemed intended to provoke reactions from social media users. Nonetheless, investigators determined it did not constitute a crime.Read the rest of the report here... Tyler DurdenMon, 06/02/2025 - 22:35

2025-06-03

CNBC Daily Open: Elon Musk's companies aren't fully self-driving and await his steering

Lee currently holds a sizable lead in opinion polls. A Gallup poll reportedly showed that 49% of respondents were in favor of Lee becoming president. This compares with the 35% garnered by his closest rival, Kim Moon Soo.South Korea’s opposition party leader Lee Jae-myung is projected to win the country’s snap presidential election on Wednesday, according to a Gallup poll cited by Yonhap.An electoral win for the Democratic Party candidate would set him up to be the country’s next leader after ousted president Yoon Suk Yeol, and determine the trajectory of South Korea’s trade negotiations with the U.S., and policies on China and North Korea.Yoon was impeached after his short-lived declaration of martial law last December, and was removed from office by the country’s Constitutional Court in April. This triggered the snap presidential election.Lee, who lost to Yoon by a razor-thin margin in the 2022 presidential election, currently holds a sizable lead in opinion polling. The Gallup poll reportedly showed that 49% of respondents were in favor of the liberal candidate becoming president.This compares with the 35% garnered by his closest rival, Kim Moon Soo of the conservative People’s Power Party, which the former president Yoon was from.Lee’s eligibility for the presidency was in doubt after he was charged with breaching election laws, but a final ruling on the case had been postponed until after the election by South Korea’s High Court.Eurasia Group, a consultancy, shared the same views in a May 27 note, placing Lee as the “clear favorite” to win the election, putting his odds of victory at 80%. Eurasia said that while Lee had shifted his stance to the political center in a bid to attract independent and centrist votes, he is likely to pursue a more left-leaning agenda in office. “Key watchpoints include the size of a second supplementary budget and Lee’s approach to U.S. tariff negotiations,” the firm added.Eurasia predicted that if Lee is elected, he will contend with the dual challenges of reviving South Korea’s economy and completing a “package” agreement with the U.S. by July.“However, he has signaled a desire to move more slowly in talks with Washington and will likely seek to benchmark Korea’s deal against the terms negotiated by other countries, including Japan, before finalizing an agreement,” Eurasia noted.Lee had reportedly said on May 25 that the deadline for tariff talks with the U.S. should be extended. Seoul and Washington had agreed to craft a package of deals on tariffs by July 8.Separately, Goldman Sachs, in a May 27 note, also noted that both the PPP’s Kim and DP’s Lee share similarities in their goals, including economic growth, stable financial markets and improving housing affordability.However, some key differences, Goldman points out, are in their economic policy platforms on how to promote growth.“Mr. Lee advocates fiscal support for strategic industries, while Mr. Kim prefers revitalizing private entrepreneurship through deregulation and tax cuts. Mr. Lee aims to enhance equity markets through governance reforms while Mr. Kim wants to do it mainly through tax incentives.”Goldman assessed that fiscal policy — using government spending and taxation to influence the economy — under the DP’s Lee is likely to be more expansionary than under Kim, and that monetary policy by the Bank of Korea will likely partly offset the gap in fiscal policy.The BOK had recently cut rates last week to its lowest level since August 2022, saying it expects economic growth to “decline considerably.”Regardless of the election outcome, the South Korean won is likely to appreciate against the U.S. dollar “on declining policy uncertainties after the formation of a new government and broad USD weakness against Asian currencies,” Goldman added.

2025-06-03

Arctech celebrates five years of growth in Argentina and reinforces its commitment to the Southern Cone and LATAM

KUNSHAN, China, June 2, 2025 /PRNewswire/ -- Arctech, a global leader in solar structure and tracker solutions with smart renewable energy technologies, is celebrating its fifth anniversary in Argentina, highlighting a trajectory defined by innovation, local commitment, and a regional development vision for the Southern Cone. At a special event held with clients, strategic partners, and members of the regional team, Arctech commemorated this milestone as an opportunity to reflect on the achievements and challenges overcome during five years of operations in the country. It was also a space to share the company's growth objectives as it continues consolidating its presence across Full story available on Benzinga.com

2025-06-03

Steve Jobs' Widow Is Backing Jony Ive's Mystery AI Device Even Though She's Still 'Very Close' To Apple Leadership: 'If It Wasn't For Laurene...'

Apple Inc. (NASDAQ:AAPL) co-founder Steve Jobs' widow, Laurene Powell Jobs, seems to have endorsed a mysterious AI hardware device being developed by Jony Ive and OpenAI CEO Sam Altman.What Happened: In a Financial Times interview that was published on Monday, Ive reflected on his years designing the iPhone and its ripple effects on society."Many of us would say we have an uneasy relationship with technology at the moment," he said, referring to the harmful effects of technology like social media addiction. The former Apple design chief said that his work on the AI-powered device with Altman is driven by a sense that "humanity deserves better."See Also: Tesla’s Optimus May Be The First Humanoid Robot To Achieve High Volume And Tech Scale, Says Nvidia CEO Jensen Huang: ‘... Likely To Be The Next Multi-Trillion Dollar Industry’"If you make something new, if you innovate, there will be consequences unforeseen ... While some of the less positive consequences were unintentional, I still feel responsibility. And the manifestation of that is a determination ...Full story available on Benzinga.com

2025-06-03

Asian markets rise as US stock indexes near records amid easing trade tensions

Shares rose early Tuesday in Asia after U.S. stock indexes drifted closer to records, while oil prices extended gains. Beijing and Washington dialed back trade friction as the U.S. extended exemptions for tariffs on some Chinese goods, including solar manufacturing equipment, that U.S. industries rely on for their own production. The U.S. Trade Representative extended [...]

2025-06-02

Broadcom Shares Rise On New AI Tools To Help Businesses Cut Cloud Costs

Broadcom Inc. (NASDAQ:AVGO) shares traded higher on Monday after the company announced the official launch of the latest enhancements to VMware Tanzu CloudHealth.The enhancement entails introducing a redesigned user experience along with advanced AI-driven features such as Intelligent Assist and Smart Summary.These updates aim to deliver more precise data and actionable insights for FinOps teams, helping them achieve key financial operations outcomes and align cloud investments with broader business objectives.Broadcom stated that a key feature in the updated CloudHealth platform is Intelligent Assist, which ...Full story available on Benzinga.com

2025-06-02

Hallmark Media Names John Matts President

The independent media company has also named Jessica Tasler Noble chief culture officer.

2025-06-02

Disney Has Hundreds of New Layoffs Across TV and Film Teams

Sources confirm layoffs took place across Disney Entertainment in TV, film, and financial operations.

2025-06-02

HOOPP appoints Reena Carter as new Chief Financial Officer

TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- The Healthcare of Ontario Pension Plan (HOOPP) is pleased to announce the appointment of Reena Carter as Chief Financial Officer (CFO)."Reena has consistently demonstrated strong leadership and financial acumen, while making meaningful contributions to Canada's world-class pension industry over the course of her career," said Annesley Wallace, President and Chief Executive Officer, HOOPP. "On behalf of our Board of Trustees and senior leadership team, I would like to welcome Reena to the HOOPP team. I am confident she will play a key role in delivering on our strategy to ensure we fulfill our pension promise to our members."Ms. Carter joins HOOPP from the Ontario Municipal Employees Retirement System (OMERS), where she served as Senior Managing Director of Portfolio Management and Operations. In this role, she led all operational functions, portfolio construction and the sustainable investing strategy for OMERS Infrastructure globally.Since joining OMERS in 2003, Ms. Carter held progressively senior finance and audit roles, including ...Full story available on Benzinga.com

2025-06-02

Fiverr CEO Micha Kaufman Warns His Employees: 'AI Is Coming For Your Jobs. It's Coming From My Job Too. This Is A Wake Up Call'

Fiverr (NYSE:FVRR) CEO Micha Kaufman isn't sugarcoating the reality of artificial intelligence. In a company-wide email that's been making waves online, Kaufman wrote plainly: “AI is coming for your jobs. Heck, it’s coming for my job too. This is a wake-up call.”Speaking Frankly About the Future of WorkIn a CBS News interview on May 21, Kaufman said the email was a response to growing unease among his team. “They weren't really waiting for my email,” he said. “This email was a validation of the things that they feel. And it was all about, you know, talking openly and directly to our team, like grown-ups.”Don't Miss:Invest where it hurts — and help millions heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold.Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late.Kaufman's message wasn't about fear—it was about urgency. He encouraged employees to embrace AI as a tool to increase output and quality, saying it should feel like gaining “superpowers.”“My expectations are double or triple the output per unit of time, and ...Full story available on Benzinga.com

2025-06-02

Two Big Fights over DOGE go to Supreme Court

What cases are left on the Supreme Court’s emergency docket? Here’s a look.

2025-06-02

A Path to a Stronger United States in the Gulf

AGSI offers pragmatic, targeted policy recommendations for the Trump administration to maximize U.S. political and economic influence with the crucial emerging regional powers in the Gulf. The post A Path to a Stronger United States in the Gulf appeared first on Arab Gulf States Institute.

2025-06-02

Indian billionaire Adani’s companies reportedly under scrutiny from U.S. prosecutors

U.S. prosecutors are reportedly investigating whether Gautam Adani’s companies imported Iranian liquefied petroleum gas into India

2025-06-02

Airbnb CEO Brian Chesky wants to build the everything app

Today, I’m talking with Airbnb CEO Brian Chesky. This is Brian’s fourth time on the show, and he’s one of my favorite guests because he’s so clearly obsessed with things like company structure, design, and decision-making. You know, Decoder stuff. We had Brian on the show last fall to talk about “founder mode,” a buzzy [...]

2025-06-02

INVESTOR ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Canopy Growth Corporation and Certain Officers – CGC

NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Canopy Growth Corporation ("Canopy" or the "Company") (NASDAQ:CGC) and certain officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 25-cv-01877, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Canopy securities between May 30, 2024 and February 6, 2025, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.If you are an investor who purchased or otherwise acquired Canopy securities during the Class Period, you have until June 3, 2025 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. [Click here for information about joining the class action]Canopy, together with its subsidiaries, produces, distributes, and sells cannabis and hemp-based products for recreational and medical purposes. The Company's products include, inter alia, pre-rolled joints (i.e., cannabis cigarettes) and its Storz & ...Full story available on Benzinga.com

2025-06-02

Taxpayers could receive $3,000 this month from the IRS – here's who's eligible

The IRS is still issuing refunds to those who overpaid on their taxes in 2024, and the average refund amount is $2,939, while in total, the IRS has refunded more than $274 billion to taxpayers

2025-06-02

In Uganda, an affordable alternative to dirt floors is a big boost to human health

In Uganda, where more than 40% of the population live in extreme poverty, many families live in homes with dirt floors

2025-06-02

Palantir's Deepening Government Ties Spark Fears Of Centralized Surveillance

Palantir's Deepening Government Ties Spark Fears Of Centralized Surveillance On Friday the NY Times published a report highlighting the Trump administration's increasing use of software from data analysis firm Palantir, which has been deployed across at least four federal agencies for the stated purpose of increasing operational efficiency through data modernization.For now, each deployment of Palantir software is focused on department-specific services, but the fact that they're now embedded across multiple agencies - combined with Trump's March executive order calling for the federal government to share data across agencies - has raised concerns over whether the US government is laying the groundwork for what could become an interconnected and unified surveillance apparatus created by a company which has been in business with the government since 2008. Screenshot via USASPENDING.govOn Wednesday we noted that Fannie Mae, the quasi-government financial firm overseen by the Federal Housing Finance Agency (FHFA), announced a partnership with Palantir to detect mortgage fraud using the firm's proprietary technology, which includes some elements of artificial intelligence. According to the report, since Donald Trump took office Palantir has received over $113 million in government spending - which doesn't include a $795 million contract from the Department of Defense (DoD) awarded last week. According to the Times report (citing six alleged government officials and Palantir employees), the company is also in discussions with the Social Security Administration and the Internal Revenue Service (the latter of which contracted with Palantir during the Biden administration). Former Employees RevoltPalantir was founded in 2003 by Alex Karp and Trump ally Peter Thiel, and specializes in finding patterns in data and streamlining it into easily presentable formats. While Thiel is clearly a conservative, Karp - a self-described "socialist" who voted for Hillary Clinton, bragged about stopping the "far right" in Europe. CIA agent and head of Palantir Alex Karp says his company’s software “single-handedly” stopped the “far right” in Europe.Founded in 2003 with funding from the CIA’s In-Q-Tel program, Palantir’s only client before 2008 was the CIA. pic.twitter.com/Shq0uA5x16— Reed Cooley (@ReedCooley) May 31, 2025Via @ReedCooleyAnd so it's of little surprise that employees would flip out and leave over Palantir's recent $30 million contract with ICE to build a platform to track migrant movements in real time. (Palantir notably designed software for the Israel Defense Forces (IDF) to identify and track Hamas targets).This month, 13 former employees signed a letter urging Palantir to stop its endeavors with Mr. Trump. Linda Xia, a signee who was a Palantir engineer until last year, said the problem was not with the company’s technology but with how the Trump administration intended to use it.“Data that is collected for one reason should not be repurposed for other uses,” Ms. Xia said. “Combining all that data, even with the noblest of intentions, significantly increases the risk of misuse.”...Ms. Xia said Palantir employees were increasingly worried about reputational damage to the company because of its work with the Trump administration. There is growing debate within the company about its federal contracts, she said.“Current employees are discussing the implications of their work and raising questions internally,” she said, adding that some employees have left after disagreements over the company’s work with the Trump administration.Last week, a Palantir strategist, Brianna Katherine Martin, posted on LinkedIn that she was departing the company because of its expanded work with ICE. -NY TimesAccording to Xia's letter, "We no longer believe Palantir’s executives are upholding these values. By supporting Trump’s administration,Elon Musk’s DOGE initiative, and dangerous expansions of executive power, they have abandoned their responsibility and are in violation of Palantir’s Code of Conduct.""As Musk’s DOGE operation dismantles U.S. government institutions under the guise of exposing corruption, opposition remains silent. Companies are placating Trump’s administration, suppressing dissent, and aligning with his xenophobic, sexist, and oligarchic agenda.Government databases are already erasing references to transgender people and gender-affirming care.These injustices could be facilitated by the very software infrastructure we help build."Palantir RespondsIn response to the Times, Palantir pointed to a blog post on how the company handles data, which reads: "We act as a data processor, not a data controller." "Our software and services are used under direction from the organisations that license our products: these organisations define what can and cannot be done with their data; they control the Palantir accounts in which analysis is conducted."What say you? Tyler DurdenSun, 06/01/2025 - 22:45

2025-06-02

Bitcoin, Ethereum, Dogecoin Hold Steady Amid US-China Trade War Tensions: Analyst Foresees 'Big Party' If BTC Reclaims $106,000

Leading cryptocurrencies were in the green on Sunday, stock futures dipped amid concerns that trade hostilities between the U.S. and China would resume.CryptocurrencyGains +/-Price (Recorded at 9:30 p.m. ET)Bitcoin (CRYPTO: BTC)+0.97%$105,427.19Ethereum (CRYPTO: ETH) +0.21%$2,529.68Dogecoin (CRYPTO: DOGE) +1.00%$0.1931What Happened: Bitcoin traded in the $105,000 range for most of the day, while Ethereum remained in the $2,500 range. Trading volumes for both blue-chip currencies declined significantly in the last 24 hours.The apex cryptocurrency ended May with returns of nearly 11%, higher than the average return of 8.18% for the month. ETH surged 40.84%, snapping a five-month-long losing streak.About $147 million was liquidated from the cryptocurrency market in the last 24 hours, with nearly equal amounts of longs and shorts erased.Bitcoin’s Open Interest rose 1.62% in the last 24 hours. Over 50% of Binance traders with open BTC positions were long as of this writing.The “Greed” sentiment rose sharply from 56 ...Full story available on Benzinga.com

2025-06-02

CNBC Daily Open: It's a dicey matter to play ‘chicken' in markets

This is CNBC’s live blog covering European financial markets.Wider markets: Gold and oil prices climbSpot gold prices are up by around 1.5% ahead of the stock market open at $3,337 an ounce, the highest level for a week.The market safe haven may be holding more appeal as investors ponder whether U.S. President Donald Trump will take even more aggressive tariff action against certain countries and sectors, and as fighting escalates in the Russia-Ukraine war.Vadimrysev | Istock | Getty ImagesOil prices are also gaining — ICE Brent Crude futures with August expiry are trading 2.29% higher at $64.22 per barrel. Producer association OPEC+ on Saturday announced a supply increase of 411,000 barrels per day for July, similar to its hikes in May and June.ING strategists Warren Patterson and Ewa Manthey said in a Monday note that prices may nonetheless be rallying because there were suggestions the supply increase could have been even bigger.— Jenni ReidFrance’s Sanofi to buy U.S. pharmaceutical firm Blueprint for $9.1 billionFrench pharmaceutical group Sanofi announced this morning that it will acquire Massachusetts-based Blueprint Medicines Corporation for an equity value of $9.1 billion, a move to expand its portfolio in rare immunological diseases.Key to the deal is the drug Ayvakit/Ayvakyt, which has been approved in the U.S. and EU and is used to treat advanced and indolent systemic mastocytosis.— Jenni ReidEuropean stocks set for shaky startGood morning from London, where futures data from IG suggest stock markets will nudge higher at the open — following declines in France, Germany and Italy.U.S. tariffs will be in focus yet again this week, after President Donald Trump said Friday that he will double tariffs on steel imports from 25% to 50% on June 4. The European Union criticized the move over the weekend, saying it undermines wider trade negotiations and will lead to higher costs for businesses and consumers on both sides of the Atlantic.Investors will also be monitoring any developments in trade talks between the U.S. and China, which soured last week. National Economic Council director Kevin Hassett suggested Sunday that Trump and China’s President Xi Jinping could have a conversation as soon as this week.— Jenni ReidChina says the U.S. undermined Geneva trade deal after Trump accuses Beijing of violationsChina on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks between the worlds top two economies have taken a turn for the worse.Trade frictions between Washington and Beijing have flared up after a hiatus following a meeting between U.S. Treasury Secretary Scott Bessent and his Chinese counterpart He Lifeng in Geneva, Switzerland, that had led them to suspend most tariffs on each other goods for 90 days.The Trump administration has ratcheted up export restrictions on semiconductor design software and chemicals to China, while announcing it would revoke visas for Chinese students, drawing ire from Beijing.Read the full story here.—Anniek Bao

2025-06-02

Man Wins $3.6 Million in Lottery. Now, He Claims His Girlfriend Took the Money and 'Ghosted' Him - AOL.com

Man Wins $3.6 Million in Lottery. Now, He Claims His Girlfriend Took the Money and 'Ghosted' Him AOL.comView Full Coverage on Google News

2025-06-02

J INTS BIO to Present Global Clinical Results from JIN-A02, a Fourth-Generation EGFR-TKI, at ASCO 2025

Significant anti-tumor responses and reduction of brain metastases observed SEOUL, South Korea , June 1, 2025 /PRNewswire/ -- J INTS BIO, a company specializing in the development of therapeutics for cancer and rare diseases, officially announced interim results from the global Phase 1/2...

2025-06-02

Treasury yields tick higher as China says U.S. breached trade deal

This is CNBC’s live blog covering European financial markets.Mid-morning market movesThe mood in equities remains downbeat in Europe, with the regional Stoxx 600 index 0.25% lower at 10:30 a.m. U.K. time as investors eye the potential for escalating U.S.-EU tariffs. Autos stocks on the index are down 1.75%, technology stocks are down 1.2% and household goods are down 1%.Oil and gas stocks remain on the rise, moving in tandem with higher crude prices after OPEC+ announced a supply hike rate lower than some analysts expected.The Stoxx aerospace and defense index is 0.45% higher. Germany’s Hensoldt has jumped 11.6% after analysts at JPMorgan upgraded the stock to overweight from neutral.The sector is also getting a boost from U.K. Prime Minister Keir Starmer, who outlined a series of new defense spending commitments, including new attack submarines.— Jenni ReidNovo Nordisk shares climb 3% on easing compounder competitionHollie Adams | ReutersA box of Ozempic made by Novo Nordisk, at a pharmacy in London on March 8, 2024.Shares of Wegovy maker Novo Nordisk climbed 3% Monday as telehealth platform Hims & Hers is reportedly set to cut 4% of its workforce amid a U.S. ban on copycat weight loss drugs, according to Reuters.Danish pharmaceutical giant Novo has been battling a slowdown in sales in its largest market as a drug shortage ruling by the Food and Drug Administration had permitted the rise of cheaper compounded obesity drugs.The FDA declared the shortage over in February and gave compounding pharmacies until May 22 to cease selling copies of the drug. — Karen GilchristSterling ticks above $1.35 The British pound is up 0.7% against the U.S. dollar at 8:45 a.m. in London, nudging it back above the $1.35 level it has largely traded below for the last week.The euro is 0.75% higher on the greenback, which is suffering as trade tensions escalate.“Trump’s protectionist policies, speculated desire for a weaker [U.S. dollar] and tax bill seem to have accelerated the USD decline of late,” analysts at Maybank said Monday.“Trump’s capricious nature may continue to inject volatility in the markets but unlike past episodes of risk aversion, the USD was punished most discernibly as part of the “Sell America” narrative.”— Jenni ReidEuropean stock markets open lowerEuropean equities are seeing a broadly negative start to the new trading week and month.The regional Stoxx 600 index is down 0.18%, with France’s CAC 40 and Germany’s DAX lower by 0.43% and 0.22%, respectively. The U.K.’s FTSE 100, however, pushed 0.08% higher, helped by an 0.57% rise in oil and gas stocks as prices jump.Autos stocks fell 1.4% amid fears that a slew of recent developments in the Trump tariff story could lead to more stringent tariffs on the sector, particularly after the U.S. president unexpectedly announced a hike in steel duties to 50%. Risk-sensitive technology stocks dropped 1%.— Jenni ReidWider markets: Gold and oil prices climbSpot gold prices are up by around 1.5% ahead of the stock market open at $3,337 an ounce, the highest level for a week.The market safe haven may be holding more appeal as investors ponder whether U.S. President Donald Trump will take even more aggressive tariff action against certain countries and sectors, and as fighting escalates in the Russia-Ukraine war.Vadimrysev | Istock | Getty ImagesOil prices are also gaining — ICE Brent Crude futures with August expiry are trading 2.29% higher at $64.22 per barrel. Producer association OPEC+ on Saturday announced a supply increase of 411,000 barrels per day for July, similar to its hikes in May and June.ING strategists Warren Patterson and Ewa Manthey said in a Monday note that prices may nonetheless be rallying because there were suggestions the supply increase could have been even bigger.— Jenni ReidFrance’s Sanofi to buy U.S. pharmaceutical firm Blueprint for $9.1 billionFrench pharmaceutical group Sanofi announced this morning that it will acquire Massachusetts-based Blueprint Medicines Corporation for an equity value of $9.1 billion, a move to expand its portfolio in rare immunological diseases.Key to the deal is the drug Ayvakit/Ayvakyt, which has been approved in the U.S. and EU and is used to treat advanced and indolent systemic mastocytosis.— Jenni ReidEuropean stocks set for shaky startGood morning from London, where futures data from IG suggest stock markets will nudge higher at the open — following declines in France, Germany and Italy.U.S. tariffs will be in focus yet again this week, after President Donald Trump said Friday that he will double tariffs on steel imports from 25% to 50% on June 4. The European Union criticized the move over the weekend, saying it undermines wider trade negotiations and will lead to higher costs for businesses and consumers on both sides of the Atlantic.Investors will also be monitoring any developments in trade talks between the U.S. and China, which soured last week. National Economic Council director Kevin Hassett suggested Sunday that Trump and China’s President Xi Jinping could have a conversation as soon as this week.— Jenni ReidChina says the U.S. undermined Geneva trade deal after Trump accuses Beijing of violationsChina on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks between the worlds top two economies have taken a turn for the worse.Trade frictions between Washington and Beijing have flared up after a hiatus following a meeting between U.S. Treasury Secretary Scott Bessent and his Chinese counterpart He Lifeng in Geneva, Switzerland, that had led them to suspend most tariffs on each other goods for 90 days.The Trump administration has ratcheted up export restrictions on semiconductor design software and chemicals to China, while announcing it would revoke visas for Chinese students, drawing ire from Beijing.Read the full story here.—Anniek Bao

2025-06-02

Dow Futures Slip Over 100 Points After Trump Announces Doubling Steel Tariffs, Nikkei Down

U.S. Stock futures fell on Sunday evening, starting the new month on a sobering note, amid fresh steel and aluminum tariff concerns over the weekend.Starting with the S&P 500 Futures trading at 5,896.25, down 0.33%, followed by Nasdaq Futures at 21,279.50, down 0.45%, and finally Dow Jones Futures down 0.30%, trading at 42,169.00, at the time of writing this.This comes amid President Donald Trump’s announcement on Friday that he would be doubling tariffs on imported steel to 50%, from the current 25%. The tariffs are aimed at revitalizing the domestic steel industry and protecting jobs, marking ...Full story available on Benzinga.com

2025-06-02

AP Business SummaryBrief at 10:18 p.m. EDT

Spike in steel tariffs could imperil Trump promise of lower grocery prices

2025-06-01

Allogene Therapeutics Provides Updated Phase 1 Data Highlighting Durable Responses with ALLO-316 in Heavily Pretreated Advanced Renal Cell Carcinoma at ASCO

SOUTH SAN FRANCISCO, Calif., June 01, 2025 (GLOBE NEWSWIRE) -- Allogene Therapeutics, Inc. (Nasdaq: ALLO), a clinical-stage biotechnology company pioneering the development of allogeneic CAR T (AlloCAR TTM) products for cancer and autoimmune disease, presented updated data from the Phase 1 TRAVERSE study of ALLO-316 in renal cell carcinoma (RCC) during an oral presentation at the 2025 ASCO Annual Meeting. The Phase 1 TRAVERSE trial enrolled patients with advanced or metastatic renal cell RCC. Leveraging the proprietary Dagger® technology to enable robust CAR T cell expansion, it stands as the first and only allogeneic CAR T product to show promise in treating solid tumors. The presentation focused on the Phase 1b expansion cohort from the Phase 1 TRAVERSE study in which patients were treated with a standard regimen of cyclophosphamide and fludarabine followed by a single dose of 80 million AlloCAR TTM cells.

2025-06-01

This trick at IKEA is unknown to customers, yet it helps save time and make great deals. - Farmingdale Observer

This trick at IKEA is unknown to customers, yet it helps save time and make great deals. Farmingdale Observer

2025-06-01

From Taxation To Confiscation: Europe's Wealth Exodus & The Coming Asset Seizure

From Taxation To Confiscation: Europe's Wealth Exodus & The Coming Asset Seizure Authored by Chris MacIntosh via InternationalMan.cm,Incoming...Theft, that is.Consider that the deindustrialisation of the communist union of Europe continues apace and with it the acceleration of the bankruptcy.Of course, the blow dried TV robots won’t tell you this, but...The next step in this process is asset seizure.Remember when they first printed trillions and told us inflation was “transitory?”Now, they’re taxing trillions and telling us taxes are transitory.France just announced new tax hikes. Italy is raising capital gain taxes from 26% to 42%. The UK got rid of their “non-dom” rules essentially destroying tax incentives, and across the rest of Europe it’s plain wealth taxes.Norway showed us how this will transpire. The muppets in power there raised wealth taxes to bring an additional $146 million in yearly tax revenue. Instead, individuals worth $54 billion left the country, leading to a loss of $594 million in yearly wealth tax revenue. A net decrease of $448 million.Spain just recorded 1,000 fewer high-net-worth taxpayers. It was the first negative millionaire migration for the country since they imposed a wealth tax.Thousands of millionaires are leaving while (coincidentally) tax pressure is at all-time highs.Democracy is a joke. Who for example voted for higher taxes? Nobody of course, but the peasants will get them anyway.In the UK, it’s the same story. Millionaires and billionaires are escaping as fast as they can.Just in 2023, the UK lost around 12,500 high-net-worth individuals (HNWls). Another 9,500 more are expected to have left in 2024.The proposed solution? An exit tax for citizens leaving the country.Modern feudalism is already here in Europe.I don’t want to sound like a broken record, but the next steps are all too obvious. We’ve had inflation, taxation, and next comes confiscation.The first steps towards this have been taken. The requirement for all citizens to register all your assets in a central EU register to “help with financial transparency.”Eliminating cash is well underway.Your bank accounts, shares, cars, real estate, precious metals, works of art, that old bottle of plonk that might be worth a few hundred bucks... and crypto, of course. Be a good little peasant and register it all to “fight money laundering.”They’re going to seize it all. Watch!This brings me to Bitcoin...I haven’t spoken much about Bitcoin as it’s not in our portfolio. The reason is simple. Buying Bitcoin in your Interactive Brokers account means you’re losing the most critical value component of it: the ability to self custody. Buy Bitcoin and get it off exchanges. They can’t seize Bitcoin you self-custody.What will they do instead? Probably revoke your passport, which is another excellent reason to get more than one.* * *As governments tighten the screws—through inflation, taxation, and looming asset registries—the game is changing fast. The old playbook no longer works. What we’re witnessing isn’t just policy—it’s a full-blown clash of systems. If you see the writing on the wall and want to position yourself before the next phase hits, don’t miss our latest special report: Clash of the Systems: Thoughts on Investing at a Unique Point in Time. This isn’t business as usual. It’s survival thinking. Click here to read it now. Tyler DurdenSun, 06/01/2025 - 10:30

2025-06-01

NL Folk Festival Adds Small Tent Performances with Equinor Community Village - VOCM

NL Folk Festival Adds Small Tent Performances with Equinor Community Village VOCM

2025-06-01

ECG DEADLINE NOTICE: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Everus Construction Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action – ECG

NEW YORK, June 01, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Everus Construction Group, Inc. (NYSE:ECG) between October 31, 2024 and February 11, 2025, both dates inclusive (the "Class Period"), including investors who held MDU Resources Group, Inc. ("MDU Resources") common stock as of October 21, 2024 and acquired Everus Construction common stock issued in connection with the spinoff of Everus Construction on or about October 31, 2024 (the "Spinoff"), of the important June 3, 2025 lead plaintiff deadline.SO WHAT: If you purchased Everus Construction common stock during the Class Period and/or held MDU Resources common stock and acquired Everus Construction common stock in connection with the Spinoff you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the Everus Construction class action, go to https://rosenlegal.com/submit-form/?case_id=37947 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the ...Full story available on Benzinga.com

2025-06-01

Faith Salie offers her two cents on the end of the penny

The U.S. Treasury announced that, by early next year, it will cease making new pennies, which cost almost four times to make what they are actually worth. But Faith Salie says that, while phasing out the one-cent coin might make sense, its loss is more than what we can calculate.

2025-06-01

What To Expect From The New Toyota Land Cruiser's Reliability - Jalopnik

What To Expect From The New Toyota Land Cruiser's Reliability JalopnikToyota Land Cruiser review: I could’ve transported a grand piano, a llama and a bouncy castle without folding a seat The Irish IndependentToyota 4Runner Vs. Toyota Land Cruiser: Which One Should You Buy? Top SpeedDriver's Seat: 2025 Toyota Land Cruiser — Big but agile Pittsburgh Post-GazetteToyota 4Runner Hybrid Vs. Toyota Land Cruiser Hybrid: What's The Difference Between These Two Off-Road SUVs SlashGear

2025-06-01

Southwest Airlines & China Airlines Unveil Partnership: Big Deal? - One Mile at a Time

Southwest Airlines & China Airlines Unveil Partnership: Big Deal? One Mile at a TimeSouthwest and China Airlines Adds New Interline Partnership Aviation A2ZSouthwest Airlines Will Sell Tickets To Asia—But Someone Else Flies The Plane View from the WingSouthwest Adds New International Airline to Partner Network AirlineGeeks.comU.S. West Coast airports Travel And Tour World

2025-06-01

Mustached War-Monger Muses On Trump's Peace Efforts With Iran

Mustached War-Monger Muses On Trump's Peace Efforts With Iran It's no surprise at all that the mainstream media continues featuring as 'experts' discredited war hawks and neocons who've gotten every war of the last 20 wars dead wrong - from Afghanistan to Iraq to Libya to Syria, and the list goes on.Former national security adviser John Bolton, who laughably deems himself a 'realist' - was interviewed by NewsNation's "On Balance" program Friday evening, and the question focused on President Trump's efforts to secure a fresh nuclear agreement with Iran, which several polls show has broad American public support.But mustached jingoist Bolton has blasted these efforts as "fruitless" and went so far as to lay out that if Israel pursues preemptive strikes on Tehran’s nuclear facilities, this would be entirely "warranted". Needless to say, Trump and Bolton long ago had a very public following out and war of words.Image via NewsNation"I think we’re really at a very important point here, whether, whether Trump is going to try and continue these negotiations, which I think are going to be completely fruitless, or whether Israel is going to do what it has to do to protect its very existence," Bolton said.Bolton himself has long had a hand in shaping Washington's vehement anti-Iran stance, and he certainly sided with the first Trump administration's decision to unilaterally pull out of Obama's 2015 JCPOA action deal, which collapsed in April of 2018 (upon the US pullout).President Trump has meanwhile declared that Iran has "sort of agreed to the terms" of a deal and will not make "nuclear dust" - an apparent reference to uranium enrichment. These words issued on his prior Gulf tour, and the statements of optimism since then, come as mixed signals continue being issued from Washington.Trump has also said of Tehran, "They don’t want to be blown up" and that "they would rather make a deal, and I think that could happen in the not-too-distant future."As for blowing things up, hawks like Bolton would certainly like to blow up or sabotage the prospects of a deal, but thankfully Trump has made sure he has nothing to do with his current administration, and even very early on in this administration removed Bolton's protective federal security detail.Many conservatives saw the danger Bolton posed to Trump policy the first time around, and tried to warn:John Bolton has been pushing for regime change in Iran for years.President Trump needs to fire this guy before we have Iraq 2.0. pic.twitter.com/D0I18wgl56— The Columbia Bugle 🇺🇸 (@ColumbiaBugle) May 15, 2019For now at least, Bolton has to be content to bloviate from the sidelines. There remain a number of Iran hawks within the administration, as well as in Congress.But this time around Trump's message has been peace around the globe through the 'art of the deal' and projecting strength - and he's so far shown patience on the Iran issue. "We're in very serious negotiations with Iran for long-term peace," he had informed Gulf leaders and the public this month. Tyler DurdenSat, 05/31/2025 - 22:45

2025-06-01

US Navy To Field ‘Game-Changer’ Anti-Ship Tomahawk By September

By Tony Capaccio May 30, 2025 (Bloomberg) –The US Navy will start fielding an anti-ship version of its Tomahawk cruise missile on destroyers by late September in what the service’s readiness...

2025-06-01

La National Hispanic Health Foundation inicia un nuevo y audaz capítulo para crear un sistema de salud sostenible para todos

WASHINGTON, 31 de mayo de 2025 /PRNewswire-HISPANIC PR WIRE/ -- La National Hispanic Health Foundation (NHHF), anteriormente parte de la National Hispanic Medical Association, dio a conocer una nueva y audaz identidad de marca mientras emprende una etapa transformadora. El cambio de marca...

2025-06-01

Li Auto Inc. May 2025 Delivery Update

BEIJING, China, June 01, 2025 (GLOBE NEWSWIRE) -- Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 40,856 vehicles in May 2025, representing a year-over-year increase of 16.7%. As of May 31, 2025, Li Auto’s cumulative deliveries reached 1,301,531.

2025-06-01

Trump withdraws nomination of Lehigh Valley billionaire Jared Isaacman to lead NASA, citing ‘prior associations’

President Donald Trump is withdrawing the nomination of Lehigh Valley tech billionaire Jared Isaacman, an associate of Elon Musk, to lead NASA.

2025-06-01

DOE Cancels $3.7 Billion In Biden-Era Green Energy Awards

DOE Cancels $3.7 Billion In Biden-Era Green Energy Awards Authored by Tom Ozimek via The Epoch Times,The Department of Energy has canceled 24 clean energy demonstration projects worth nearly $3.7 billion, citing concerns over financial viability, insufficient return on taxpayer investment, and a failure to meet the energy needs of Americans.Energy Secretary Chris Wright announced the decision on May 30, describing the awards as hastily approved in the final days of the Biden administration and misaligned with the Trump administration’s energy and economic priorities. The cancellations come after an internal review ordered earlier this month under a new departmental policy aimed at increasing accountability and rooting out waste in federally funded energy programs.“The Trump administration is doing our due diligence to ensure we are utilizing taxpayer dollars to strengthen our national security, bolster affordable, reliable energy sources and advance projects that generate the highest possible return on investment,” Wright said. “Today, we are acting in the best interest of the American people by cancelling these 24 awards.”According to a department list reviewed by The Epoch Times, the terminated awards include high-dollar carbon capture and industrial decarbonization projects involving firms such as ExxonMobil, Calpine, Heidelberg Materials, and Kraft Heinz. Sixteen of the 24 awards were signed between Election Day 2024 and Inauguration Day 2025.The rescinded projects span a range of industries and regions, including glass manufacturing facilities in Ohio, carbon capture efforts in Texas and California, and decarbonization initiatives at food production sites nationwide. The largest award canceled was a $500 million grant to Heidelberg Materials for a carbon capture project in Louisiana.The move follows a May 15 memorandum issued by Wright titled “Ensuring Responsibility for Financial Assistance,” which established new standards for evaluating financial assistance programs. Under the policy, DOE is now requiring detailed financial, technical, and legal documentation from all recipients and reserving the right to modify or terminate awards that fail to meet economic or national interest benchmarks.Earlier oversight efforts had flagged the risk of poorly vetted loans and grants under Biden-era programs. A November 2024 report from the DOE’s Office of Inspector General warned that the Loan Programs Office, which saw its authority balloon from $17 billion to more than $400 billion under the Inflation Reduction Act and other legislation, was under pressure to rapidly distribute funds before key deadlines expired. The report highlighted “significant risks” to taxpayers from rushed decision-making and insufficient vetting, particularly given the volume and complexity of applications.In two cases, the inspector general said DOE had already canceled nearly $400 million in grants awarded to entities with suspected ties to foreign adversaries. The watchdog urged the department to expand its applicant vetting capabilities and avoid what it described as a “pay and chase” model, where funds are disbursed before due diligence is complete.President Donald Trump has issued multiple executive orders aimed at boosting fossil fuel production and limiting public funding for climate initiatives or ones involving DEI mandates. The administration has also directed federal agencies to review all discretionary grants issued under the Biden administration, with a focus on clawing back funds where possible.In the case of the DOE, Wright said his department has already requested further documentation from 179 award recipients whose combined funding totals more than $15 billion. These reviews are ongoing and could result in further cancellations. Tyler DurdenSat, 05/31/2025 - 22:10

2025-06-01

MEG Energy Safely Evacuates Non-Essential Personnel from Christina Lake Regional Project Amid Wildfires

CALGARY, AB, May 31, 2025 /CNW/ - MEG Energy Corp. ("MEG" or the "Corporation") (TSX:MEG) provided an update today on operations at its Christina Lake Regional Project (CLRP) production facilities in response to regional wildfires south of CLRP.As a precautionary measure, MEG Energy has proactively evacuated all non-essential personnel, ensuring the safety of our team while maintaining critical operating staff on site. The wildfire caused ...Full story available on Benzinga.com

2025-06-01

Gen Z Leads the Way for DIY Projects on ‘Fixer-Upper’ Houses, Survey Finds

Gen Z is the most likely to buy older homes needing renovation and struggles the most with the financial burdens of maintaining them.

2025-06-01

Concern grows over whether the Hollywood industry can survive in California

After peaking in 2021, television production in the greater Los Angeles area fell by 58% in three years.

2025-06-01

ASCO 2025 Oral Presentation: Innovent Biologics Announces Updated Data of IBI363 (First-in-class PD-1/IL-2α -bias Bispecific Antibody Fusion Protein) from Phase 1 and 2 Clinical Studies on Immunotherapy-treated Advanced Malignant Melanoma

SAN FRANCISCO and SUZHOU, China, June 1, 2025 /PRNewswire/ -- Innovent Biologics, Inc (Suzhou) (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of oncology, cardiovascular and metabolic,...

2025-06-01

OPEC+ Hikes Output For Third Time By 411Kbpd, Despite Reservations From Russia

OPEC+ Hikes Output For Third Time By 411Kbpd, Despite Reservations From Russia Following days of frenzied speculation that OPEC+ may go so far as to start another global price war similar to the Saudi armada in March 2020 which eventually sent WTI crude prices to a negative $45, however briefly, today's decision was positively tame: OPEC+ agreed to surge oil output for the third month in a row, despite mounting reservations from key member Russia, doubling down on a historic policy shift that has sent crude prices sinking.According to a statement on the OPEC website, the cartel of oil-exporting nations and several hangers on agreed during a video conference on Saturday to add 411,000 barrels a day to the market in July. The hike matches increases scheduled for May and June, marking a radical reversal from defending prices to actively driving them lower, largely in response to Kazakhstan chronically and unapologetically breaching its quota.“OPEC+ isn’t whispering anymore,” said Jorge Leon, an analyst at Rystad Energy A/S, who previously worked at the OPEC secretariat. “May hinted, June spoke clearly, and July came with a megaphone.”Officials said the supply hikes reflect Saudi desire to punish over-producing members like Kazakhstan and Iraq, recoup market share lost to US shale drillers and other rivals, and satisfy President Donald Trump’s desire for cheaper oil, even if it leads to - well - cheaper oil, and even steeper budget deficits for the country that exports 10 million barrels of oil per day and has an all-in breakeven price around $90.The hikes will offer temporary relief to consumers as the northern hemisphere goes into its peak demand season, while also helping central banks grappling with stubborn inflation. Yet the market impact creates financial peril for oil producers around the world, which could be facing a period of prolonged low prices, followed by much higher prices as producing infrastructure suffers from disuse. What was most notable about this latest production hike is that, according to Bloomberg, several members expressed reservations during Saturday’s meeting about the speed with which OPEC+ was raising production. Russia, Algeria and Oman wanted a pause in the increases, according to delegates.The difference in views between Moscow and Riyadh, the cartel’s two most powerful members, will come back into play on July 6, when they meet again to discuss output levels for August.In April oil briefly tumbled to a four-year low under $60 a barrel after OPEC+ first unexpectedly announced they would bolster output by triple the scheduled amount. The move came even as faltering demand and Trump’s trade war were already crushing the market. This was followed by a second hike announcement one month later, and now a third one.While Brent futures have since recovered to trade near $64 a barrel, the IMF estimates the Saudis need prices above $90 to cover the lavish spending plans of Crown Prince Mohammed bin Salman. The kingdom is contending with a soaring budget deficit, and has been forced to cut investment on flagship projects such as the futuristic city, Neom.However, thanks to earlier Reuters leaks, the markets is likely to take Saturday’s agreement as positive because ahead of today's announcement “there were some concerns of a larger increase,” said Giovanni Staunovo, a commodity analyst at UBS, referring to Reuters reports that OPEC+ was considering even bigger output hikes.Meanwhile, if Riyadh’s strategy is to discipline the cartel’s quota cheats through a “controlled sweating,” it doesn’t seem to be working. Kazakhstan, the most blatant offender, continues to exceed its limits by several hundred thousand barrels a day and has publicly stated that it has no plans to atone. Energy Minister Yerlan Akkenzhenov told reporters on Thursday that the country can neither enforce cutbacks on international corporate partners, or dial back at state-run fields. Which is why we recently speculated that if one or more of its peers wishes to teach Kazakhstan a painful lesson, then the Caspian Sea pipeline which carries most of Kazakh oil exports courtesy of the Caspian Pipeline Consortium, is probably sweating bullets right now.With Kazakhstan chronically abusing its OPEC+ quota, and with 80% of Kazakh oil reaching the world via the CPC pipeline, what are the odds CPC gets Nordstreamed? pic.twitter.com/xgQ0QGlkMJ— zerohedge (@zerohedge) May 23, 2025But while Kazakhstan has so far refused to budge, the price downturn is taking a clear toll in America’s shale oil heartlands, where companies like Diamondback Energy Inc. say production has peaked, despite Trump’s promise the country would “drill, baby, drill” in a new energy boom.With the hike scheduled for July, OPEC+ will be just over halfway through a road map for reviving 2.2 million barrels a day of output it had idled in recent years, a process that was previously planned to last until late 2026 yet which depends largely on how much of a stimulus China will finally unleash. The group will decide in the coming months how quickly to restore the remainder of supplies it’s still withholding from the market.For some analysts, increasing supply is entirely logical. Demand will rise over the next few months in the US as drivers take to the roads for summer vacations, and also in the Middle East, where peak use of air conditioning means some barrels will be consumed domestically.“Fundamentals in the right-here, right-now are strong — inventories are very low,” Amrita Sen, director of research at consultant Energy Aspects Ltd., said in a Bloomberg television interview before the meeting. “It is a good time for OPEC+ to add barrels to the market, so I don’t see why they wouldn’t.”Nonetheless, further price losses may be in store. JPMorgan forecasts that Brent futures will sink into the “high $50s” later this year as the cartel’s hikes contribute to a global supply glut of more than 2 million barrels a day. Tyler DurdenSat, 05/31/2025 - 21:35

2025-06-01

Market Review: Stocks Resume Gains on Improving Investor and Consumer Sentiment

Traders will watch JOLTS, ADP, and non-farm payroll data next week to gauge U.S. labor market health.

2025-06-01

Zeekr Group Announces May 2025 Delivery Update

HANGZHOU, China, June 1, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE:ZK), the world's leading premium new energy vehicle group, today announced its delivery results for May 2025.In May, Zeekr Group delivered a total of 46,538 vehicles across its Zeekr and Lynk & Co brands, reflecting a 15.2% year-over-year growth and 12.6% increase compared to the previous month. This accomplishment was realized thanks to the trust and support of nearly 1.95 million users. In particular, the Zeekr brand delivered 18,908 vehicles, while Lynk & Co delivered 27,630 vehicles.About Zeekr GroupZeekr Group, headquartered in Zhejiang, China, is the world's leading premium new energy vehicle group from Geely Holding Group. With two brands, Lynk ...Full story available on Benzinga.com

2025-05-31

A growing number of New Orleans fugitives' friends and family arrested for aiding in jail escape

The 10 men who escaped from a New Orleans jail more than two weeks ago by cutting out a hole behind a toilet received help from at least 15 people, many of them friends and family who provided food, cash,...

2025-05-31

Southwest Floats First Class, Lounges, Long Haul Flying: Good Strategy? - One Mile at a Time

Southwest Floats First Class, Lounges, Long Haul Flying: Good Strategy? One Mile at a TimeSouthwest Airlines CEO Says Boeing is Making Real Improvement Aviation A2ZSouthwest Airlines: Are first-class seats and airport lounges on the horizon? The Points Guy“I’m Totally Making This Up”: CEO of Rudderless Southwest Airlines Floats First Class And Long-Haul Flights View from the WingThis Is How Southwest Airlines Will "Monetize Every Dime Of Value" Of Its Boeing 737 MAX Orders Simple Flying

2025-05-31

Methuen attorney loses license to practice law

METHUEN — A locally based attorney has been indefinitely suspended from practicing law for misusing at least $30,000 in client funds.

2025-05-31

New Minimum Wage In British Columbia Effective June 2025 - INC News

New Minimum Wage In British Columbia Effective June 2025 INC NewsB.C.'s minimum wage is going up: Here's everything you need to know Vancouver SunB.C. minimum wage increases to $17.85 CTV NewsOpinion: The gap between the minimum wage and what workers need to live with dignity Yahoo News CanadaB.C.'s minimum wage increase draws mixed reactions The Chilliwack Progress

2025-05-31

Flight deal experts spot a surprise upcharge: Flying solo - The Washington Post

Flight deal experts spot a surprise upcharge: Flying solo The Washington PostAmerican, Delta and United charging higher rates for solo flight tickets, writer finds CBS NewsMN-based travel website discovers airlines charging more for solo passengers than groups of two kare11.comU.S. Airlines Are Reportedly Charging Solo Travelers More for Plane Tickets—Here’s What You Need to Know YahooAirlines Stop “Punishing” Solo Travelers, And That’s Not Good One Mile at a Time

2025-05-31

Home sales in the Killeen metro area increased again in April

The numbers of homes sold in the Killeen metropolitan statistical area increased again in April.

2025-05-31

Movies Without Manipulation

Movies Without Manipulation Authored by Jeffrey A. Tucker via The Epoch Times (emphasis ours),At some point in this century, I began to watch movies with grave trepidation. There is a good chance that somewhere in whatever film, the moment would come when the producer would send some strange political message with a barely guarded attack on some fundamental tenet of bourgeois society. They began eschewing art for hectoring.A poster of the movie “Snow White” (2025). Walt Disney PicturesWe watch movies by choice. We pay to see them mostly. Why should we do this if the point of the movie is to sneakily attack core values and preach some strange woke creed? Stung too many times, I’m far more careful to avoid anything that seems coded with a political purpose in mind. Life is too short.This is why I never bothered to watch the live action version of “Snow White” that came out this year. It was coded left and revisionist even in the promotion. It was met with terrible reviews, and goes down in history as one of the worst film investments ever made by Disney. It could easily have been otherwise.The mystery to me is why Disney could not have known the result from the beginning. Why would this company spend $250 million on a sure loser? To understand, we need to explore the ways in which ideological fanaticism eats away at rationality.Fortunately in our times, anyone can hop over to a free movie site that is ad-supported like Tubi (the third most popular service after Netflix and Amazon Prime) and have thousands of great shows and movies immediately available. It’s not all there but there are true treasures awaiting.I vaguely recall when “On Golden Pond” came out in 1981. It was considered old-fashioned and slightly boring, an attempt to deploy two scions of Hollywood (Henry Fonda and Katharine Hepburn) in their late years toward box office success. The movie then won three Oscars and was a huge triumph. Apparently Fonda and Hepburn had never met before the film but they were just magic together.The beauty of the film is indescribable. It is set at the classic New England lake of a New Hampshire summer cottage at the height of nature’s beauty, revealing the tender relationship of this aging couple. She is an ebullient lover of nature, games, and life, and he is a crabby retired professor with a crusty outer way but beautiful inner soul. The theme of death looms large throughout. I cannot think of a film that more authentically portrays the struggles of aging.Their daughter is played by Jane Fonda at her prime. She arrives with a new boyfriend who is a single father of a boy of 13 who is already jaded and cynical. A relationship forms between the old man and the boy, based on various activities of summer like boating, fishing, and swimming.The father reveals a secret that there is a big trout he calls Walter who has evaded capture for many years. They hunt this fish for weeks, catching many others along the way but not the one they want. As the movie closes, they finally do snag Walter but let him go out of respect for his size, might, and long life.All of which recalls the huge drama of another great book made into several films: “Moby Dick” by Herman Melville. It’s one of the great American novels, oddly dreaded more than thoroughly read. Written in 1851, its tremendous fame is due to its detailed accounting of the whaling industry and culture in a time when whale oil was the resource most in demand for lighting before electricity came along.Captain Ahab puts together a whaling expedition but with a fanatical desire to get the biggest whale of all, the one that caused him to lose a leg. The purpose of the trip is not profits but revenge, which the sailors on the boat knew but had underestimated the power of their captain’s obsession. The journey takes them as far as the South China Sea and ends with a grave lesson about the problem of single-minded obsessions untempered by concern for others and the larger context.The reader or viewer is a fan of the Captain and his genius for as long as possible, truly hoping that he gets his wish. The lesson of the story only comes with the ending of doom, and only in reverse is it obvious that he allowed his obsession to cloud all his judgment.A poster of the movie “On Golden Pond” (1981). IPC Films/Universal PicturesThe search for the fish in “On Golden Pond” is rational and sporting by comparison. Both stories are set in New England and surely the parallels here are not accidental. One shows destructive fanaticism and the other shows a tempered and loving ambition.Both films are what my mentor Murray Rothbard called “movie movies,” meaning that they are deep, exciting, emotionally rich, wonderful and evocative to watch, and barren of hidden and manipulative attempts to browbeat or manipulate the politics of the viewer. Young people today who don’t watch older movies probably do not know the meaning of such things.Murray did not review “On Golden Pond,” so far as I know, but I feel sure that he would have adored the film. Truly, I was taken aback by the innocence of the plot and the comfort that comes with realizing that at no point in the movie would the other shoe drop and we would be presented a lecture on the evils of normal society.That’s true for most movies made in the 20th century before ideology came along to ruin them. We can think of identitarian politics as the equivalent of Captain Ahab’s whale, something the left has pursued with fanatical vigor even to the point of its own self-destruction. I see this operating at the New York Times, in large corporations, and in sectors of government where a single idea has swamped all rationality and even concern for the metrics of profitability.The role of Moby Dick in this case is occupied by a malevolent vision of “white” Christian society—and the values that undergird it—as irredeemably corrupt and worthy only of being destroyed. In the past 10 years, it got so out of hand that a small but powerful coterie of writers tried to change the date of the founding of America and wage a wild war on the president who they believed to represent everything they hated.There is truth to the observation that “Trump Derangement Syndrome” has ruined vast amounts of art, journalism, commentary, and culture. There is plenty with which to disagree in Trump’s first and second term, and nothing wrong at all making that clear. The problem comes with the single-minded obsession that pursues the whale at the expense of everything else.The right approach is the one taken by Henry Fonda toward “Walter” the trout. There is adventure in the hunt. Politics as a normal sport is a great thing. It sharpens skills at observation, argumentation, and rhetoric. Unlike Henry who lets the fish go once it is caught, Trump’s enemies have raised the stakes to the highest-possible level, attempting to jail him and worse.We live in changing times when woke ideology is on the ropes, banned in many sectors of society and defunded according to policy. That said, the apparatus of understanding behind the ideology will long endure in culture, deeply institutionalized in academia, professional societies, and media. It’s true for films too.Good movies might make a comeback—and perhaps that is happening now—but if you are like me, I wait until the reviews are out and eschew anything coded left simply because I don’t want to pay to be insulted. For now, I take recourse in the beauty and luxury of the older movies without the fanaticism that has compromised so much elite culture.Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge. Tyler DurdenSat, 05/31/2025 - 10:30

2025-05-31

The Black hair industry imports products from China. Here's what tariffs mean for braids and wigs

Black women are starting to pay more for their hair care because of the Trump administration’s tariffs on goods imported from China

2025-05-31

AP Business SummaryBrief at 10:46 p.m. EDT

Answering your questions about President Trump's tariffs

2025-05-31

Jaime Carrasco, rising rates signal bond market is breaking — gold is the lifeboat

Markets are on edge as the Fed signals growing uncertainty around the path for interest rates, while borrowing costs continue to climb [...]

2025-05-31

Wolves Wreak Havoc On Cattle Herds In California

Wolves Wreak Havoc On Cattle Herds In California Authored by Brad Jones via The Epoch Times (emphasis ours),Descendants of rewilded wolves are taking a heavy toll on cattle in Northern California and Oregon, killing calves and full-grown animals and putting stress on cow-calf operations and ranchers’ pocketbooks.A gray wolf approaches a bull, caught on a game camera in June 2023. Ken Tate, Tina Saitone/UC DavisBecause wolves are listed as an endangered species under state and federal law, ranchers are hamstrung: They can’t shoot or harass these protected predators. The penalty for killing a wolf is steep; federal law carries a maximum sentence of one year in prison and a $100,000 fine, unless a rancher can prove that it was in self-defense.While animal advocacy groups say the wolves are native apex predators that belong in California and other western states, some ranchers argue that there’s nothing natural about wolves’ stalking domestic cattle because there isn’t enough natural prey.“They’re welfare wolves,” Janna Martin Gliatto, an owner at Table Rock Ranch in northern California, said. “We have entitled wolves—multiple generations.”One wolf pack, known as the Whaleback Pack, near her ranch doesn’t seem inclined to hunt elk or deer, she said.Since November 2021, wolves have killed at least 44 head of cattle at the Martin family’s ranch in Siskiyou County, Gliatto told The Epoch Times. Of those confirmed wolf kills, three were adult cows, and the rest were calves.“There’s a handful of people and ranches like us that have been hit really hard,” she said. “I’ve had so much carnage.”The protection of wolves has been a “costly experiment” for ranchers and taxpayers who foot the bill for it, Gliatto said.In 2021, state lawmakers voted to disburse $3 million to the California Department of Fish and Wildlife (CDFW) to develop a pilot program to mitigate the effects of wolves on livestock producers.The resulting Wolf-Livestock Compensation Program was started in 2022, and by March 2024, the funds were exhausted after 109 claims were paid out to livestock producers for wolf depredation in Siskiyou, Lassen, Plumas, and Tulare counties.Gliatto received two years of partial compensation to pay a range rider to patrol the herd at night, “but the funds ran out, so now it’s out-of-pocket,” she said.In 2024, the state appropriated another $600,000 for the CDFW to continue the Wolf-Livestock Compensation Program, but the program no longer subsidizes ranchers for the cost of deterrent efforts such as range riders and is limited to compensation for direct loss only.CDFW spokeswoman Katie Talbot said California’s wolf population is estimated at between 50 and 70 in total. The agency has confirmed that 163 cattle and six sheep have been killed or injured by wolves since 2011, when the first collared wolf from Oregon entered California, Talbot told The Epoch Times in an email.Debbie Bacigalupi (front) and her mother, Donna, tend to a calf at Cold Springs Ranch in Siskiyou County, Calif., in May 2024. The family shares a fence line with Table Rock Ranch and has also lost calves to suspected wolf attacks. John Fredricks/The Epoch TimesShe said that of the initial $3 million Wolf-Livestock Compensation Program fund, more than $2 million was paid out for direct loss and deterrence efforts to ranchers in Siskiyou County, while those in Lassen and Plumas counties received about $490,000 and $476,000, respectively. About $16,000 went to Tulare County. Since October 2024, the average compensation per head was $2,870, Talbot said.Examining ExpensesA recently released study by University of California–Davis professor Tina Saitone, a livestock and rangeland economics specialist, found that one wolf can cause between $69,000 and $162,000 in direct and indirect cattle losses, from outright attacks, lower pregnancy rates in cows, and decreased weight gain in calves.Saitone’s research team used motion-activated field cameras, GPS collars, wolf scat analysis, and cattle tail-hair samples to show how the expanding protected gray wolf population is affecting cattle operations, “leading to millions of dollars in losses,” according to the study.The research showed that during the 2022 and 2023 summer seasons, 72 percent of wolf scat samples from the Lassen Pack—in western Lassen and northern Plumas counties—contained cattle DNA. It also found elevated hair cortisol levels in cattle that ranged in areas with wolves, indicating an increase in stress.Aside from the financial effects, Gliatto said the wolf issue has been emotionally taxing on ranchers who’ve witnessed continual attacks on their herds and “hypocrisy” over what is considered humane treatment of cattle.Ranchers are afraid to brand their cattle because some animal rights groups view the practice as inhumane, but, she said, “you can have a wolf literally tear your animals apart while they’re alive and eat them, and people just turn a blind eye.”According to Gliatto, wolves wouldn’t be thriving in the wild without heavily supplementing their diet with cattle, which, in some cases, is their primary food source.The wolves have created fierce competition at the top of the food chain because there aren’t enough deer and elk to feed them and other predators such as mountain lions, bears, and coyotes, she said.“We have a huge predator bubble,” Gliatto said.CDFW reported that there were seven documented wolf packs in California in 2024, along with evidence of other wolves in the state.A game camera captures a gray wolf from the Lassen pack among a herd of cattle in July 2022. Return of the WolfThe first wolves showed up at Gliatto’s ranch in 2020.A lone male wolf, OR-85, collared in February 2020, left his natal Mount Emily pack near La Grande, Oregon, crossed into California, and found a mate from another pack from southwestern Oregon. The pair formed the Whaleback Pack and have produced 21 pups since 2021, according to CDFW.Tracking showed cluster points of OR-85 near an elk herd on ranchland that the family leased, but the pack doesn’t feed on them, Gliatto said.The elk herd, often spotted at Grass Lake, stopped going there, she said.“They just moved away from the wolves, and the wolves didn’t follow them,” Gliatto said.Instead, she said, the wolves have become habituated to preying on cattle at her family’s ranch, which typically has more than 1,500 head, including cow-calf pairs, and replacement heifers.Table Rock Ranch borders timberland at the forest-edge of a mountain range, so when wolves descend into the valley, her cattle are the first meal they see. Hence, from a wolf’s perspective, it makes no sense to go farther down into the valley, where there are more people and less cover, Gliatto said.Amaroq Weiss, an attorney and the senior West Coast wolf advocate at the Center for Biological Diversity, said some cattle herds are hit harder than others.“You constantly have animals that are vulnerable because they’re not being checked on,” she told The Epoch Times. “They’ve eaten poisonous weeds, they’ve gotten wounded for some reason, they’re having birthing complications. All those things are going to draw wolves in.”Wolves aren’t targeting the closest ranch or the first cattle herd they encounter, and they will often roam through pastures filled with cattle “and just keep on going out the other end of the pasture to hunt wild prey,” Weiss said.The Whaleback Pack, and some others in California, cover immense territories compared with most wolf packs in other western states that have more elk and deer, because “they’re looking for a food source,” she said.Siskiyou County wolf liaison Patrick Griffin, who investigates suspected wolf kills for the U.S. Fish and Wildlife Service, said the 44 confirmed kills at Table Rock Ranch “sounds accurate,” noting that it has been the hardest-hit ranch in the state.More than 80 “confirmed” or “probable” cattle kills have been attributed to the Whaleback Pack, Griffin told The Epoch Times.Read the rest here... Tyler DurdenFri, 05/30/2025 - 22:35

2025-05-31

St. Augustine Announces Acquisition of Additional Interest in Kingking Copper Gold Project

Singapore, Singapore--(Newsfile Corp. - May 30, 2025) - St. Augustine Gold and Copper Limited (TSX: SAU) ("St. Augustine" or the "Company") is pleased to announce that it has closed its previously announced (May 20, 2025) agreement with its co-venture partner Nationwide Development Corporation ("Nadecor") to restructure the ownership interests in...

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Tesla Status Dropping in China as BYD Rises & Xiaomi Soars

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Appeals court keeps block on Trump administration's downsizing of the federal workforce

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Union Pacific battery-electric hybrid locomotive completes testing

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These Are Most Affordable US Cities To Buy A Home In 2025

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New gold and silver mine officially opens in central B.C. as premier faces backlash for fast-track plans - CBC

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$14B in EV, renewable projects scrapped as tax credit fears grow - Electrek

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Bankrupt retail chain closing dozens more store locations - TheStreet

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Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market - The Seattle Times

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Analyst resets Nvidia stock price target after CEO slams U.S. chip policy - TheStreet

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Fortress Biotech Announces Closing of Sale of Subsidiary Checkpoint Therapeutics

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DNMiner Launches New Short-Term Mining Contracts — Earn Passive Income Daily Starting Now!

Bracknell, England, UK, May 30, 2025 (GLOBE NEWSWIRE) -- As digital currencies like Bitcoin continue to gain global momentum, many investors find direct mining or investment challenging due to technical knowledge, expensive equipment, and high energy costs.DNMiner is here to simplify the process by offering a new opportunity: short-term cloud mining contracts that let users earn passive income every day — without any upfront hardware costs or complexity. What Makes DNMiner the Smart Choice Today?$100 Free Credit Line to Begin Effortlessly New users receive a $100 credit upon registration, enabling anyone to start mining immediately without financial risk.Multiple Cryptocurrency Options Besides Bitcoin, users can mine Ethereum, Litecoin, and other major cryptocurrencies, allowing portfolio diversification based on market conditions.Eco-Friendly and Secure With green energy-powered infrastructure and regulation by the UK Financial Conduct Authority (FCA), your mining is both sustainable and secure.Easy to Use for Everyone Simply sign up, select a mining plan — now including new short-term contracts — and let DNMiner's experts manage the rest. No technical skills required!How to Start Earning with New Short-Term Contracts:Create your account on the DNMiner official website and claim your $100 free credit.Pick from the newly launched short-term mining plans tailored for quick and ...Full story available on Benzinga.com

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Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market

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Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market - AP News

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Sip, Socialize, and Savor Festival Season With Cornbread Hemp's THC Seltzers

Commerce Content is independent of Editorial and Advertising, and if you buy something through our posts, we may get a small share of the sale. Click here for more.The leaps and bounds that buying weed has made since my college years are astounding. You can just enter a credit card and have THC products delivered to your door. And the new kinds of products are just as impressive. We have drinkable THC now, that’s crazy.Read more...

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Surge Energy America Announces the Company's Ten-Year Anniversary

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Oreo maker Mondelez sues Aldi, alleging grocery chain copies its packaging to confuse customers

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Costco Analysts See Market Share Gains, High Renewal Rates Coming: 'Strongest And Most Consistent Comp Growth' In Retail

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Quiet giants: How electric machines can redefine surface mining

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As Musk exits, he sees his projects unraveling, inside and outside government

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Nvidia's Q1 Results Should Have Sparked A Bigger Rally, Says Gene Munster—Deserves An 8-10% Pop, Not Just 3%

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2025-05-30

Jamie Raskin Wants Trump To Disclose His Crypto Dinner Guest List, Says Foreigners Can't Donate Dollar But Are Buying Access To President Through Memecoin

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2025-05-30

An Attempt To Reset Science

An Attempt To Reset Science Authored by Jeffrey Tucker via The Epoch Times,An executive order on science slipped through last week with almost no comment from the media. Its central concern is to set science on a better path after so many years of egregious abuses in which the core principles of science have been set aside in favor of political messaging.The title is “Restoring Gold Standard Science.” It is an ambitious attempt to reframe what science is and does, not to politicize it but exactly the opposite. Only better science with the highest standards, the order says, is capable of restoring trust.You have surely heard that the Trump administration is waging war on science. Read this order: the opposite is true.“Over the last 5 years, confidence that scientists act in the best interests of the public has fallen significantly. A majority of researchers in science, technology, engineering, and mathematics believe science is facing a reproducibility crisis. The falsification of data by leading researchers has led to high-profile retractions of federally funded research.”To solve the problem, the order seeks to “restore the American people’s faith in the scientific enterprise and institutions that create and apply scientific knowledge in service of the public good. Reproducibility, rigor, and unbiased peer review must be maintained. This order restores the scientific integrity policies of my first Administration and ensures that agencies practice data transparency, acknowledge relevant scientific uncertainties, are transparent about the assumptions and likelihood of scenarios used, approach scientific findings objectively, and communicate scientific data accurately.”The gold standard of science has the following features, say the order:(i) reproducible;(ii) transparent;(iii) communicative of error and uncertainty;(iv) collaborative and interdisciplinary;(v) skeptical of its findings and assumptions;(vi) structured for falsifiability of hypotheses;(vii) subject to unbiased peer review;(viii) accepting of negative results as positive outcomes; and(ix) without conflicts of interest.If anything like this really began to govern scientific standards, many things would change. NIH will be using these standards for funding science for the next four years. One hopes it will last further. There is tremendous wisdom here. In the end, it will be up to journal editors and science reporters to adapt new standards of scrutiny over what is good science and what is not.Consider just one principle: communicative of error and uncertainty. This profoundly affects the hypothetical models that have come to play a huge role in policy decisions. Nearly all the climate change papers rely on elaborate models that presume to reveal exactly what they presume. Once you dig through these things, you almost cannot believe that they were published.‘Honey, can you take out the trash?”“Not now. I’m working on a model to prove it is wholly unnecessary to do so. My model further reveals that the trash will never need to be taken out again, given the assumptions. It’s science.”Models are also what drove the world to lock down for a virus. We all saw the drawings that urged us to flatten the curve. They presumed exactly what they were attempting to demonstrate. Instead of seeing the obvious fakery, most science reporters acted like the PhD’d prophets were contemporary versions of Nostradamus.That was only the beginning of an amazing tsunami of fakery that lasted for years.I’ve recently revisited the standards by which the initial vaccine trials for SARS-CoV-2 were run. We hear that they were placebo-controlled and randomized. That is supposed to make all other questions irrelevant.Remember that there are two standards: effectiveness and safety. Most of the doubts about the shots these days focus on safety and rightly so. But even if we isolate the effective part of the question, we run into astonishing examples of manipulation and subterfuge.* The trials lasted just long enough (2–4 months) to capture an immune response but not long enough to show that it evaporates quickly after. By 5 months and following, effectiveness wanes further and further. The trials simply could not capture this, though it is highly likely that the manufacturers knew this was inevitable. By the time people caught on, the shot salesmen had another product to hawk from their wagons. They called it a booster.* The trials defined fully vaccinated as two weeks following the second dose, snagging the absolute peak of response but neglecting anything else. The protocols were laid out to succeed on paper even if they did not really succeed in real life.* The trials seemed rigged to minimize participation from the population groups that were most vulnerable to significant medical consequences of infection while including as many non-vulnerable groups as possible, thus skewing the results.* The trials claimed effectiveness against hospitalization and death but the number of unvaccinated people in those affected groups was so low as to be statistical noise. The studies were underpowered. In one trial, only 10 people in the unvaccinated group landed in the hospital. It was on this basis that the shot was said to prevent that.* The trials wholly excluded accounting for asymptomatic infection, which means they did not test for transmission at all, thus deleting all concerns to stop the spread and so on. In other words, people who took the shot could still spread the virus but the trials were structured to ignore that signal. When it became obvious, the promoters pretended to be amazed and shocked.* Many trials later unblinded placebo groups that were offered vaccines as early as December 2020, thus removing the control group. They deliberately eschewed following up on the best feature of the trial design, clearly with an attempt to cover up unfavorable results.* Everyone knows that these viruses mutate very quickly but the rushed trials dealt only with the initial wild type, which, by the time the shot arrived, was already changing to a new variant. This was clearly not a mistake!Experts published all these criticisms as it was happening. It was extremely difficult for nonspecialists to keep up. I can personally recall receiving a flood of submissions detailing each of these points. It was overwhelming, especially since all these criticisms pertain only to whether the shot even worked to do what they claimed. Safety then became another problem.It was like watching a magic show: you know it is not real but everything is moving too quickly to debunk it in real time. In any case, there is zero chance that all these issues and problems were mere mistakes. They were all designed to do exactly what they did, but even then the public was skeptical. At that point, the politicians decided to assist industry and force everyone to take the shot.And yet it gets better. All other boosters for variants were approved based on the old results of the presumably unimpeachable trials. The boosters were never tested in any rigorous way. They would inject a few mice, observe an immune response, and call it a day. Top officials at the FDA even resigned because they could not stand by and watch this unfold as it did.I’m still gobsmacked that all this happened.Very clearly, the pharmaceutical companies are genuine experts in how to deploy the appearance of science without the reality.The new executive order should prevent this sort of thing in the future. Indeed, the new head of the FDA has specifically said that no more shots will be approved without well-constructed and transparent trials using the highest standards. Given what we know, there is no chance that any more versions of this shot will even be approved. The manufacturers won’t even attempt to try. Indeed, Moderna has already stopped its work on a combination COVID/Flu shot, knowing full well that they cannot get it through.The new standards are highly welcome but the long-term solution is to erect a much higher wall between government and science. Ideally, government would stop funding research altogether simply because the effort has proven to be so dangerous.Science in the first and second industrial revolutions was largely decentralized. Innovation came not from government but from private tinkerers and practitioners with real-world experience. The period from 1850 to 1900 gave us the world we know today, born not of agencies with huge budgets but businessmen, doctors, engineers, and builders, looking for better ways to serve humanity at a profit or at least with minimal losses. In those days, we did not call the results “technology” but rather the fruit of the “practical arts.”I’ve always adored that term and wish we could take it back.What changed about science in the 20th century is that it began to serve the cause of powerful interests rather than the people. After the Second World War and following the ominous deployment of nuclear weapons, there was no turning back.This is what must be fixed. The ultimate goal of gold-standard science must be to restore the rigors of past achievements without the corruptions that come with politics.In this way, the cause of science should welcome a pull back in government backing of science. The funding by industry posing another unique set of problems but at least in this case there is no doubt about the purpose and drive. It’s validity can be assessed in light of that. Tyler DurdenThu, 05/29/2025 - 22:35