Ruling by state’s top court comes as 34 other states are pursuing similar cases against Meta in federal court Meta Platforms must face a lawsuit by the Massachusetts attorney general alleging that as the parent company of Facebook and Instagram, it deliberately designed social media features to addict young users, the state’s top court ruled on Friday. The ruling by the Massachusetts supreme judic...
Ruling by state’s top court comes as 34 other states are pursuing similar cases against Meta in federal court Meta Platforms must face a lawsuit by the Massachusetts attorney general alleging that as the parent company of Facebook and Instagram, it deliberately designed social media features to addict young users, the state’s top court ruled on Friday. The ruling by the Massachusetts supreme judicial court marked the first time a state high court has considered whether a federal law that generally shields internet companies from lawsuits over content posted by their users would also bar claims that companies like Meta knowingly addicted young users. Continue reading...
President Donald Trump singled out Palantir Technologies Inc. for its “great war fighting capabilities and equipment” in a Truth Social Post on Friday. “Just ask our enemies,” Trump said in the post. Trump’s tweet came minutes after a segment on Fox Business discussing Michael Burry ’s bear case against Palantir, in which the money manager made famous by The Big Short has argued that rival Anthrop...
President Donald Trump singled out Palantir Technologies Inc. for its “great war fighting capabilities and equipment” in a Truth Social Post on Friday. “Just ask our enemies,” Trump said in the post. Trump’s tweet came minutes after a segment on Fox Business discussing Michael Burry ’s bear case against Palantir, in which the money manager made famous by The Big Short has argued that rival Anthropic PBC is winning the race for enterprise AI spending. Trump’s social media post echoed comments made by guest Michael Lee, who was championing the role Palantir’s technology played in the raid to capture Venezuelan strongman Nicolas Maduro . Last month, the Pentagon notified Anthropic that it had determined its products pose a risk to the US supply chain, after the startup demanded assurances that its AI wouldn’t be used for mass surveillance of Americans or autonomous weapons. Anthropic is challenging the Pentagon designation in court. Palantir was set up in the early 2000s by Thiel and four other co-founders, including Chief Executive Officer Alex Karp , and secured early investment from In-Q-Tel, the CIA’s investment arm. The company relies on the US government for the largest share of its revenue, with contracts worth close to $900 million with the Pentagon last year, along with smaller contracts for ICE, as well as Treasury and other government agencies, according to data compiled by Bloomberg Government. The Pentagon is planning to make Palantir’s Maven Smart System a so-called program of record, which will provide “will provide the stable funding and resourcing necessary” for development, integration and for commanders to fight and win wars, Deputy Defense Secretary Steve Weinberg said in the memo. Read More: Pentagon to Push AI Battlefield Integration with Focus on Maven The US military already uses the Maven digital mission control platform in every combatant command, or regional theater. The system provides a digital map display of battlefields, helps identify an...
Think "Weekends" Rather Than "Weeks" By Elwin de Groot, head of macro strategy As another volatile week comes to an end, investors and market participants appear to be clinging to the hope that the two‑week ceasefire between the United States and Iran, which began on Wednesday, will not unravel entirely – at least until a direct, face‑to‑face exchange and clarification of key demands can take plac...
Think "Weekends" Rather Than "Weeks" By Elwin de Groot, head of macro strategy As another volatile week comes to an end, investors and market participants appear to be clinging to the hope that the two‑week ceasefire between the United States and Iran, which began on Wednesday, will not unravel entirely – at least until a direct, face‑to‑face exchange and clarification of key demands can take place during the planned talks in Islamabad this weekend. Near‑dated Brent crude edged up by $2 to $97, equity markets posted modest declines in Europe, whilst US stocks rose. European bond yields rose by 3–5 basis points, as UST yields dropped a few. This suggests that the powerful risk‑on move seen on Wednesday has been dented but not broken. Experts continue to stress the fragility of the ceasefire, but markets are showing slightly greater confidence than the underlying geopolitical reality might warrant. Compared with the first day of the ceasefire – which saw Israel launch its largest‑ever strike on Hezbollah, the UAE carry out a large‑scale operation against Iran’s oil and petrochemical assets in the Gulf, and Iran respond with ballistic missile and drone attacks – yesterday’s developments were notably more contained. There were no confirmed direct US‑Iran strikes. That said, Hezbollah did fire rockets into northern Israel, and Iran formally accused the United States of violating the ceasefire due to Israel’s continued strikes in Lebanon. Kuwait also accused Iran and its proxies of launching drone attacks. Crucially, shipping through the Strait of Hormuz remains severely disrupted, with only a handful of Iran‑linked and/or Chinese vessels transiting the waterway . Iran indicated that it would allow no more than 15 ships per day to pass under the ceasefire agreement – hardly meaningful given that an estimated 800-900 vessels are still waiting to exit the strait. More fundamentally, the move underscores Iran’s effective control over the waterway, a message reinforced by the...
temizyurek/E+ via Getty Images McEwen Inc. ( MUX ) is a fascinating investment story that offers a multi-bagger opportunity over the next 5 years. The crown jewel of this company is its flagship Los Azules project in Argentina, the 10th largest copper project under development worldwide and the main focus of today's article. MUX also has an unremarkable gold business, unloved by the market, which ...
temizyurek/E+ via Getty Images McEwen Inc. ( MUX ) is a fascinating investment story that offers a multi-bagger opportunity over the next 5 years. The crown jewel of this company is its flagship Los Azules project in Argentina, the 10th largest copper project under development worldwide and the main focus of today's article. MUX also has an unremarkable gold business, unloved by the market, which nevertheless offers misunderstood upside. The core pitch of the investment thesis for McEwen ( MUX ) is as follows: at current prices ($21/share, $1.3 billion market cap), you are buying the copper project at a bargain valuation and getting MUX's gold business for free. The multiple sources of upside to the copper story alone could make this a home run, and the gold business becomes interesting once you understand Rob McEwen's playbook, who built Goldcorp from $50 million to $10 billion and is looking to repeat the same strategy today. While there are certainly execution risks, the margin of safety is excellent, and the numerous stock catalysts and various credible sources of long-term upside make this a very asymmetric risk-reward proposition, so long as you agree with the bullish consensus view for long-term gold and copper prices. Los Azules alone makes MUX a Buy Before we begin, a quick word on the copper macro backdrop. Global copper demand is projected to rise 50% to 42 Mt by 2040 , driven by four growth vectors: energy transition and electrification (EVs, grid, renewables), AI/data center infrastructure, traditional industrial demand growth (largely from Asia), and defense modernization. Meanwhile, supply is structurally constrained, as the pipeline is thin and new mines take an average of 17 years to be built, in no small part due to environmental concerns, social opposition, permitting delays, and shifting regulatory dynamics. As a result, most investment banks are long-term bullish on copper and see the market moving into a structural deficit by the end of this de...
The SPDR MSCI USA StrategicFactors ETF (QUS) is seeing unusually high volume in afternoon trading Friday, with over 233,000 shares traded versus three month average volume of about 32,000. Shares of QUS were off about 0.3% on the day. Components of that ETF with the highest vo
The SPDR MSCI USA StrategicFactors ETF (QUS) is seeing unusually high volume in afternoon trading Friday, with over 233,000 shares traded versus three month average volume of about 32,000. Shares of QUS were off about 0.3% on the day. Components of that ETF with the highest vo
In trading on Friday, the Invesco PHLX Semiconductor ETF (SOXQ) is outperforming other ETFs, up about 2.7% on the day. Components of that ETF showing particular strength include shares of Astera Labs (ALAB), up about 13.3% and shares of Credo Technology Group Holding (CRDO), up
In trading on Friday, the Invesco PHLX Semiconductor ETF (SOXQ) is outperforming other ETFs, up about 2.7% on the day. Components of that ETF showing particular strength include shares of Astera Labs (ALAB), up about 13.3% and shares of Credo Technology Group Holding (CRDO), up
In today's video, I discuss recent updates affecting CoreWeave (NASDAQ: CRWV) and other AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the pre-market prices of April 09, 2026. The video was published on April 09, 2026. Continue reading
In today's video, I discuss recent updates affecting CoreWeave (NASDAQ: CRWV) and other AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the pre-market prices of April 09, 2026. The video was published on April 09, 2026. Continue reading
LilliDay/iStock via Getty Images A ceasefire continues to hold for now in the Middle East, even if the flow through the Strait of Hormuz is still a trickle of what it was before hostilities commenced late in February. Not surprisingly, oil has sold off after a huge move up in March and early April. For now, the headlines from the region are not nearly as negative or frequent as they were to start ...
LilliDay/iStock via Getty Images A ceasefire continues to hold for now in the Middle East, even if the flow through the Strait of Hormuz is still a trickle of what it was before hostilities commenced late in February. Not surprisingly, oil has sold off after a huge move up in March and early April. For now, the headlines from the region are not nearly as negative or frequent as they were to start the week when the administration was threatening to blow Iran back to the ' stone age. ' Macro Butler, Zero Hedge If the Iranian conflict continues to fade from the front pages of the financial media, the deterioration in the private credit market is there to take its place as one of the biggest worries for investors. Since problems first popped up at Blue Owl Capital ( OWL ) in the back half of February, issues have accelerated. And this week has been no exception, with several snippets of new bad news for this niche of the credit markets that is rapidly becoming a quagmire. Lark Davis - March 2026 The private credit market saw many large funds by the likes of Apollo Global Management ( APO ), Morgan Stanley ( MS ), Blackstone ( BX ) , Cliffwater, Ares Management Corporation ( ARES ), and BlackRock ( BLK ) ' gate ' redemptions in March, which increased the panic level throughout this space. Of note, redemption requests have been rising for a few quarters now. Zero Hedge, Company Filings, FT Research And problems were becoming more apparent in the private sector before these latest redemption requests. At the end of 2025, Fitch Ratings pegged the default rate in the private credit sector at a record 9.2%. Of note, this is more than 60% of the way to UBS's recent worst-case scenario of a 15% default rate in private credit. UBS It also should be noted that private credit funds' over nine percent default rate doesn't account for the increasing utilization of Payment in Kind, or PIK, by these lenders. This keeps the loan ' current' even if it doesn't involve a scheduled loan pa...
Shares of Palantir Technologies pared some of their losses Friday after President Trump singled out the data-analytics company on social media. “Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment.
Shares of Palantir Technologies pared some of their losses Friday after President Trump singled out the data-analytics company on social media. “Palantir Technologies (PLTR) has proven to have great war fighting capabilities and equipment.
Amendment calling for step-incest to be included in ban on harmful content tabled by Conservative peer Gabby Bertin The government has agreed to ban the production of porngraphy depicting sex acts between stepfamily members following a vote in the House of Lords. An amendment calling for step-incest to be included in a ban on harmful content was tabled by the Conservative peer Gabby Bertin , who l...
Amendment calling for step-incest to be included in ban on harmful content tabled by Conservative peer Gabby Bertin The government has agreed to ban the production of porngraphy depicting sex acts between stepfamily members following a vote in the House of Lords. An amendment calling for step-incest to be included in a ban on harmful content was tabled by the Conservative peer Gabby Bertin , who led a review into pornography regulation that was published last year. Continue reading...
Hi there, it’s Jamie Nimmo, UK Business Editor in London. Hope you enjoy today’s Readout. Queuing, starting all conversations on the topic of the weather, self-deprecation: These are three typically British things, but probably not the “British values” Keir Starmer was talking about in his latest interview. The prime minister said that Donald Trump’s rhetoric on Iran — and how the US president thr...
Hi there, it’s Jamie Nimmo, UK Business Editor in London. Hope you enjoy today’s Readout. Queuing, starting all conversations on the topic of the weather, self-deprecation: These are three typically British things, but probably not the “British values” Keir Starmer was talking about in his latest interview. The prime minister said that Donald Trump’s rhetoric on Iran — and how the US president threatened to destroy that country’s civilisation — is contrary to British values . “Let me be really clear about this. They are not words I would use — ever use — because I come at this with our British values and principles,” Starmer told ITV News. It’s the latest sign that Starmer is distancing himself from Trump after previously being criticised for attempting to cosy up to him. Last month, the prime minister had what was described as his “Love Actually moment,” where he in effect stood up to the cocksure US president, just as Hugh Grant’s character (albeit a fictional one) eventually did in the 2003 movie. As Allegra pointed out earlier this week , Starmer is shaking off his image as a “Trump Whisperer” and is now more of a “Trump Baiter,” similar to Spain’s Pedro Sanchez. Starmer’s been heavily criticised — and sometimes belittled — by Trump since the Iran war began, over his decision not to commit British forces to the conflict or allow unrestricted use of military bases. Now the UK leader is firing back, though in typically British fashion. “I’m fed up with the fact that families across the country see their bills go up and down on energy, businesses’ bills go up and down on energy because of the actions of Putin or Trump,” Starmer said in the interview. Starmer was speaking in Bahrain as part of a tour of the Middle East aimed at shoring up relations with Gulf partners and discussing next steps as the allies seek to restore shipping through the Strait of Hormuz. His latest comments are also a sign that he’s positioning his Labour Party for the local elections next mon...
Swiss contract drugmaker PolyPeptide Group AG is attracting potential takeover interest from private equity firms including EQT AB and KKR & Co. , people with knowledge of the matter said. Advent has also been studying a possible acquisition of PolyPeptide, the people said, asking not to be identified because the information is private. Any buyout firm pursuing a take-private deal could seek to te...
Swiss contract drugmaker PolyPeptide Group AG is attracting potential takeover interest from private equity firms including EQT AB and KKR & Co. , people with knowledge of the matter said. Advent has also been studying a possible acquisition of PolyPeptide, the people said, asking not to be identified because the information is private. Any buyout firm pursuing a take-private deal could seek to team up with its billionaire controlling shareholder, Swedish businessman Frederik Paulsen Jr. , according to the people. Shares of Zug-based PolyPeptide have risen almost 20% this year, giving the company a market value of about 1 billion Swiss francs ($1.3 billion). PolyPeptide specializes in the development and manufacturing of synthetic peptides related to metabolism, notably targeting obesity and diabetes. The biotech has been going through a turnaround which was welcome by investors and is ramping up new facilities. It operates sites in Europe, the US and India. Deliberations are ongoing and there’s no certainty they will lead to a transaction, according to the people. PolyPeptide could also attract interest from other suitors, they said. Representatives for Advent, EQT and KKR declined to comment. A spokesperson for PolyPeptide said the company “remains focused on executing its strategic plan and delivering long-term value to its shareholders and customers,” declining to comment further.