But in a message headed "draft statement" sent by a "G Maxwell" to Jeffrey Epstein in 2015, she wrote: "In 2001 I was in London when [redacted] met a number of friends of mine including Prince Andrew. A photograph was taken as I imagine she wanted to show it to friends and family."
But in a message headed "draft statement" sent by a "G Maxwell" to Jeffrey Epstein in 2015, she wrote: "In 2001 I was in London when [redacted] met a number of friends of mine including Prince Andrew. A photograph was taken as I imagine she wanted to show it to friends and family."
JHVEPhoto/iStock Editorial via Getty Images Live Nation ( LYV ) is buying Italian venue operator ForumNet Group from Bastogi S.p.A. in a deal valued at $106M, a move that will grow the U.S.-based ticketing and concert organizing company's international portfolio. Through the deal, Live Nation will get its hands on Unipol Forum, a popular live music and sports arena in Milan that opened in 1990, th...
JHVEPhoto/iStock Editorial via Getty Images Live Nation ( LYV ) is buying Italian venue operator ForumNet Group from Bastogi S.p.A. in a deal valued at $106M, a move that will grow the U.S.-based ticketing and concert organizing company's international portfolio. Through the deal, Live Nation will get its hands on Unipol Forum, a popular live music and sports arena in Milan that opened in 1990, the company said on Wednesday. The arena is home to the Armani Olimpia Milano basketball team and will host certain 2026 Winter Olympics events. Live Nation plans to make a significant investment in Unipol Forum, upgrade the venue, and introduce measures to reduce carbon footprint. Additionally, the deal will add Teatro Repower and include the management of the open-air venue Carroponte, both of which are also in Milan, Live Nation said. The existing ForumNet team will continue to operate the venues. The transaction is expected to close in April 2026. More on Live Nation Entertainment Live Nation: Lawsuit Uncertainty And Lofty Valuations Make Me Pass On It Live Nation: Deceleration Fears Are Becoming A Reality Live Nation gains after court hearing on DOJ's antitrust lawsuit ends UK to ban resale of live show tickets above face value - FT Seeking Alpha’s Quant Rating on Live Nation Entertainment
Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) is hitting its stride in artificial intelligence. Its Gemini model continues to advance rapidly in capabilities and adoption. Late last month, Google launched Project Genie, an experimental world model that generates interactive, real-time 3D environments from simple text or image prompts. The release has sent shockwaves through the tech sector, particularly am...
Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) is hitting its stride in artificial intelligence. Its Gemini model continues to advance rapidly in capabilities and adoption. Late last month, Google launched Project Genie, an experimental world model that generates interactive, real-time 3D environments from simple text or image prompts. The release has sent shockwaves through the tech sector, particularly among software ... This Is Alphabet’s ‘Secret Portfolio’s’ Worst Performer and Google Is Helping Kill
The Supreme Court lets California use its new, Democratic-friendly congressional map toggle caption Ethan Swope/AP The Supreme Court is allowing California to use its new congressional map for this year's midterm election, clearing the way for the state's gerrymandered districts as Democrats and Republicans continue their fight for control of the U.S. House of Representatives. The state's voters a...
The Supreme Court lets California use its new, Democratic-friendly congressional map toggle caption Ethan Swope/AP The Supreme Court is allowing California to use its new congressional map for this year's midterm election, clearing the way for the state's gerrymandered districts as Democrats and Republicans continue their fight for control of the U.S. House of Representatives. The state's voters approved the redistricting plan last year as a Democratic counterresponse to Texas' new GOP-friendly map, which President Trump pushed for to help Republicans hold on to their narrow majority in the House. And in an unsigned order released Wednesday, the high court's majority denied an emergency request by the California's Republican Party to block the redistricting plan. The state's GOP argued that the map violated the U.S. Constitution because its creation was mainly driven by race, not partisan politics. A lower federal court rejected that claim. Sponsor Message The ruling on California's redistricting plan comes two months after the Supreme Court cleared the way for the Texas map that kicked off a nationwide gerrymandering fight by boosting the GOP's chances of winning five additional House seats. "With an eye on the upcoming 2026 midterm elections, several States have in recent months redrawn their congressional districts in ways that are predicted to favor the State's dominant political party," said the court's December order in the Texas case. "Texas adopted the first new map, then California responded with its own map for the stated purpose of counteracting what Texas had done." The "impetus" for adopting both states' maps was "partisan advantage pure and simple," wrote Justice Samuel Alito in a concurring opinion, which fellow conservative Justices Clarence Thomas and Neil Gorsuch joined. The Supreme Court has previously ruled that partisan gerrymandering is not reviewable by federal courts. While the Trump administration supported the Texas redistricting by Republi...
The US Supreme Court cleared California to use its new congressional map that favors Democrats during this year’s midterm election, giving the party a pathway to neutralize anticipated Republican gains in the House due to new districts in Texas. The justices on Wednesday denied a request from the California Republican party and the US Department of Justice to prevent the state from using its new v...
The US Supreme Court cleared California to use its new congressional map that favors Democrats during this year’s midterm election, giving the party a pathway to neutralize anticipated Republican gains in the House due to new districts in Texas. The justices on Wednesday denied a request from the California Republican party and the US Department of Justice to prevent the state from using its new voter-approved map on the grounds that it was racially gerrymandered and therefore illegal. California leaders have maintained that the new map was drawn purely to counteract the Republican redistricting in Texas and that race was not a factor. The court rejected the request in a one-sentence order, without explanation or any noted dissent. The decision essentially creates a level playing field going into the midterm election, largely resolving the nationwide partisan redistricting fight that started when President Donald Trump directed Texas to redraw its congressional districts to favor Republicans. The stakes for Trump during the midterms are massive , as a Democrat-controlled House could significantly dilute his powers. Read more: Democrats Hold Early Midterms Advantage With Trump Under Fire The Supreme Court previously allowed Texas to use its new Republican-drawn congressional map during the midterm elections, despite a lower court ruling that race was improperly used in crafting the new district lines. The map sought to create five new GOP-leaning congressional seats, although some experts say new polling data suggests Republican candidates may not be able to win all of the new districts. To offset the Texas map, California leaders revised the state’s congressional districts to create five new Democratic-leaning seats. The map was approved by voters last year. Lawyers for California cited the high court’s decision on Texas’ maps in arguing their own case, stating that it is “a natural political objective” for Republicans to want to retain their House majority and it w...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." AI fears shake markets—pressuring software, ads, and Wall Street. Pharma splits as Eli Lilly surges and Novo Nordisk warns of a drop. Dealmaking roars back. Wells Fargo’s Mike Mayo on bank consolidation, plus Meredith Whitney and MNTN CEO Mark Douglas on markets, AI, and Google. (Source: Bloomberg...
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." AI fears shake markets—pressuring software, ads, and Wall Street. Pharma splits as Eli Lilly surges and Novo Nordisk warns of a drop. Dealmaking roars back. Wells Fargo’s Mike Mayo on bank consolidation, plus Meredith Whitney and MNTN CEO Mark Douglas on markets, AI, and Google. (Source: Bloomberg)
This article first appeared on GuruFocus. Nvidia Corp. (NVDA, Financials) is nearing a landmark $20 billion investment in OpenAI as part of the AI startup's massive $100 billion funding round, Reuters quoted a source. The transaction would be Nvidia's greatest investment and boost its clout in the fast growing artificial intelligence field. After allegations that OpenAI is unhappy with Nvidia's ne...
This article first appeared on GuruFocus. Nvidia Corp. (NVDA, Financials) is nearing a landmark $20 billion investment in OpenAI as part of the AI startup's massive $100 billion funding round, Reuters quoted a source. The transaction would be Nvidia's greatest investment and boost its clout in the fast growing artificial intelligence field. After allegations that OpenAI is unhappy with Nvidia's new AI inference processors, the investment is possible. Nonetheless, both companies have publicly maintained mutual respect. OpenAI CEO Sam Altman said Nvidia provides the best AI chips in the world and is a significant supplier. Nvidia CEO Jensen Huang called rumors of a schism nonsenseand said the business will invest heavily in OpenAI. Nvidia is open to this financing and a future IPO, he told CNBC. The accord followed months of talks. OpenAI's hardware demands changed, and Nvidia considered collaborations with AMD, Cerebras, and Groq, delaying its $100 billion investment plan from September. As AI chip competition heats up, Nvidia is doubling in on OpenAI's future. With the investment, Nvidia would become a key player in the infrastructure supporting large-scale AI models like ChatGPT.
This article first appeared on GuruFocus. Advanced Micro Devices Inc. (NASDAQ:AMD) shares came under heavy pressure after the chipmaker issued a first-quarter revenue outlook that fell short of the most optimistic expectations around artificial intelligence demand. The company guided for revenue of about $9.8 billion, plus or minus $300 million, above the $9.39 billion average estimate but below p...
This article first appeared on GuruFocus. Advanced Micro Devices Inc. (NASDAQ:AMD) shares came under heavy pressure after the chipmaker issued a first-quarter revenue outlook that fell short of the most optimistic expectations around artificial intelligence demand. The company guided for revenue of about $9.8 billion, plus or minus $300 million, above the $9.39 billion average estimate but below projections above $10 billion that some investors had been positioning for. Shares were down 10.4% in pre-market trading at 8:46 a.m., suggesting investors were reassessing how quickly AMD can translate AI interest into near-term revenue momentum. The underlying quarter was stronger than the forward look implied. Fourth-quarter revenue rose 34% to $10.3 billion, beating consensus estimates, while adjusted profit of $1.53 a share also came in ahead of expectations. The data center segment, which has been the main beneficiary of AI spending, grew 39% to $5.38 billion, topping forecasts, while PC-related revenue increased 34% to $3.1 billion. That strength was partially offset by margin pressure tied to shipments of older-generation MI308 chips to China, which contributed $390 million in the quarter and are expected to decline to about $100 million in the current period as demand for those products fades. Chief executive Lisa Su reiterated that AMD's AI revenue could reach the tens of billions of dollars in 2027, while pushing back on concerns around component shortages and highlighting ongoing demand. The company continues to navigate US export restrictions, with licenses still pending to sell its newer MI325 processors in China, even as President Donald Trump has moved to relax some curbs. Longer term, management continues to point to large agreements with OpenAI, Oracle (ORCL), and the US Department of Energy as potential drivers of growth, though investors remain focused on when those deals could begin to have a more visible impact on financial results.
The UK could reap greater benefits from a €90bn (£78bn) EU loan for Ukraine, if it agrees to help pay the cost of borrowing, after European countries signed off long-awaited financial aid for Kyiv. British firms could have greater opportunities to supply defence equipment to Ukraine funded by the loan, if the government agrees a “fair” contribution towards EU borrowing costs. Senior EU diplomats m...
The UK could reap greater benefits from a €90bn (£78bn) EU loan for Ukraine, if it agrees to help pay the cost of borrowing, after European countries signed off long-awaited financial aid for Kyiv. British firms could have greater opportunities to supply defence equipment to Ukraine funded by the loan, if the government agrees a “fair” contribution towards EU borrowing costs. Senior EU diplomats meeting on Wednesday approved a long-awaited loan for Ukraine, which includes the new element of a more open door towards the UK. The UK clause, including requirement for British financial contribution, had been approved by Monday, according to three diplomatic sources. EU member states, however, will need to hold further talks on how to include the UK, including agreeing a list of products that could be procured from British suppliers. The decision comes after the UK prime minister, Keir Starmer, signalled he would like to reopen talks with the EU on a defence pact. Negotiations to join the EU’s €150bn Security Action for Europe (Safe) programme collapsed last year. As the current Safe scheme progresses without the UK, the loan for Kyiv offers a more immediate way for the EU and UK to find rapprochement on defence. The loan is a crucial lifeline for Ukraine, which has been enduring months of brutal Russian attacks damaging its energy and heating systems, leaving people in the cold and dark, while the country is in the grip of a bitterly cold winter. EU leaders last year agreed to lend Ukraine the money to fill a critical funding gap in 2026 and 2027, as Kyiv risks running out of money to fund its defence, pay public servants and pensions. The loan will be funded by borrowing on capital markets, secured against unused spending in the EU budget. EU leaders alighted on this solution, after disagreeing over the alternative of securing the loan against Russia’s frozen assets. Under the plan, €60bn is earmarked for Ukraine’s defence and €30bn for general budget support. The EU ha...
Shares of hair-restoration drug developer Veradermics Inc. more than doubled in the company’s trading debut after it raised $256.3 million in an initial public offering. The Longitude Capital-backed company’s stock jumped 124%, trading at $38.02 as of 1:35 p.m. in New York, above its IPO price of $17 apiece. Trading was halted shortly after due to high volatility. Veradermics sold about 15 million...
Shares of hair-restoration drug developer Veradermics Inc. more than doubled in the company’s trading debut after it raised $256.3 million in an initial public offering. The Longitude Capital-backed company’s stock jumped 124%, trading at $38.02 as of 1:35 p.m. in New York, above its IPO price of $17 apiece. Trading was halted shortly after due to high volatility. Veradermics sold about 15 million shares at $17 each after marketing them for $14 to $16 each. The IPO finished double-digits oversubscribed for the upsized amount of available shares, according to people familiar with the matter. The trading gives the New Haven, Connecticut-based firm a market value of about $1.3 billion based on the outstanding shares listed in an earlier filing. Wellington Management had indicated interest in purchasing as much as $30 million in shares at the IPO price, according to the filings. Eli Lilly & Co. also indicated it would take as much as 4.9% of the biotech’s outstanding shares. Founded in 2019, the late clinical-stage firm is developing its lead therapy to treat mild-to-moderate pattern hair loss, according to its filing. Veradermics’ experimental non-hormonal hair loss treatment is in late stage trials. Veradermics reported a net loss of $48 million for the nine months ended Sept. 30, compared with a net loss of $21 million a year earlier, according to the filing. The offering was led by Jefferies Financial Group Inc. , Leerink Partners , Citigroup Inc . and Cantor Fitzgerald . The company’s shares traded on the New York Stock Exchange under the symbol MANE.
We could do with this game being more entertaining than last night’s overly mannered offering at the Emirates. Like Arsenal, in their first cup final for six years, will care about anyone’s opinion of that. Still, here we are, and the chances of high drama aren’t great, seeing Newcastle are two goals down and away at Manchester City, who Eddie Howe has faced 20 times in his managerial career and l...
We could do with this game being more entertaining than last night’s overly mannered offering at the Emirates. Like Arsenal, in their first cup final for six years, will care about anyone’s opinion of that. Still, here we are, and the chances of high drama aren’t great, seeing Newcastle are two goals down and away at Manchester City, who Eddie Howe has faced 20 times in his managerial career and lost on 17 of those occasions. But his side did notch a rare win over City three months ago, and Newcastle have knocked them out of the League Cup twice in the last 11 seasons, so there is precedent to clutch at, albeit in straw form. This could be over quite quickly, though if the Toon score first, well, then, let’s see. Kick-off is at 8pm GMT. It, like the VAR at the semi-final stage of this competition, is on.
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is p...
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking: Where will all of that energy come from? AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse. Even Sam Altman, the founder of OpenAI, issued a stark warning: “The future of AI depends on an energy breakthrough.” Elon Musk was even more blunt: “AI will run out of electricity by next year.” As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity. And that’s where the real opportunity lies… One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike. As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity. The “Toll Booth” Operator of the AI Energy Boom It owns critical nuclear energy infrastructure assets , positioning it at the heart of America’s next-generation power strategy. , positioning it at the heart of America’s next-generation power strategy. It’s one of the only global companies capable ...
The father of a toddler who was abused by a nursery worker in a “sadistic” campaign of cruelty says he is “upset and frustrated” that the worker is to be deported to Poland on Thursday, less than five months into an eight-year sentence. Roksana Lecka, a Polish national, was convicted last June of 21 counts of child cruelty, after a jury at Kingston upon Thames crown court in London found she had s...
The father of a toddler who was abused by a nursery worker in a “sadistic” campaign of cruelty says he is “upset and frustrated” that the worker is to be deported to Poland on Thursday, less than five months into an eight-year sentence. Roksana Lecka, a Polish national, was convicted last June of 21 counts of child cruelty, after a jury at Kingston upon Thames crown court in London found she had smacked, punched, pinched and kicked children aged between 18 months and two years while working at two London nurseries in 2023 and 2024. Sentencing Lecka in September to eight years in prison, Judge Plaschkes KC said she had committed acts of “gratuitous violence” and described her conduct as “sadistic”. Despite her lengthy sentence, family members of the victims were told last week that Lecka would be deported to Poland on Thursday under the government’s early removal scheme for foreign offenders. The scheme does not require criminals to serve the remainder of their sentence in the second country, meaning Lecka will walk free. The father told the Guardian that, after feeling some relief from the sentencing that the matter was closed and the family could move on, it was “upsetting and frustrating” to learn of Lecka’s imminent deportation. “All the work that was done, the public money that was spent, the trauma of sitting through the trial, seeing all the evidence – now all of that seems a bit pointless, because the actual sentence is not being served.” As well as their personal upset, he said he and other victims’ families were worried that the nursery worker could harm other children in Poland. “Lecka was refused bail on multiple occasions during her period in pre-trial custody, identified as a flight risk and a risk to the public,” he said. “The concern was she would flee to Poland … but now, after all this time, pain, the vast expense and emotional trauma of the investigation, trial and sentencing, we effectively end up at the same point. All we have as victims is the v...
The debacle of last summer, when Keir Starmer caved in over welfare reforms after promised concessions failed to convince his mutinous backbenchers, was viewed as a low point for his government. Now, amazingly, it has happened all over again. If the repetition of history was not already enough, with the ructions over releasing government documents about Peter Mandelson, once again Starmer has a ce...
The debacle of last summer, when Keir Starmer caved in over welfare reforms after promised concessions failed to convince his mutinous backbenchers, was viewed as a low point for his government. Now, amazingly, it has happened all over again. If the repetition of history was not already enough, with the ructions over releasing government documents about Peter Mandelson, once again Starmer has a certain Angela Rayner to thank, in part, for digging him out of a political hole. With welfare reform it was the then-deputy prime minister who bluntly told Downing Street that their offering to Labour MPs was not enough to prevent a likely Commons defeat, prompting No 10 to drop the bulk of the plans. On Wednesday, Rayner was a key voice advocating that the intelligence and security committee (ISC) should vet the Mandelson files, not No 10, a decision eventually adopted by the government in its amendment to a Conservative motion. To add to the parallels, another leading figure to push for the ISC compromise was Meg Hillier, senior Labour backbencher and one of the leaders of the welfare rebellion. There are differences. The welfare plans were months in the making, and a key plank of the government’s programme. The chaos over what Starmer did or did not know about Mandelson before making him ambassador to Washington was, instead, a result of US authorities releasing new files about Jeffrey Epstein and his associates. But the consequences are the same: a weakened Downing Street, and Labour MPs increasingly aware of both their own power and the sheer fallibility of Starmer and the team around him. And as with welfare, this is a crisis delayed, not removed. While MPs’ emotions can often be as infectious and overwrought as a boarding school in exam season, the reaction among many Labour backbenchers to No 10’s misjudgement over Mandelson was genuinely furious, a mood not helped by the obvious glee and success with which the Conservatives seized on the issue. It was the Tories’ de...