Stanley Druckenmiller is probably one of the smartest big-league money managers to follow in this environment. He doesn’t just have the big name in the smart money crowd; he has the enviable track record that’s stood head and shoulders above the pack. Whether we’re talking about his prior Nvidia (NASDAQ:NVDA) bet or his more recent ... Stanley Druckenmiller Backed Up the Truck on This Wildly-Popul...
Stanley Druckenmiller is probably one of the smartest big-league money managers to follow in this environment. He doesn’t just have the big name in the smart money crowd; he has the enviable track record that’s stood head and shoulders above the pack. Whether we’re talking about his prior Nvidia (NASDAQ:NVDA) bet or his more recent ... Stanley Druckenmiller Backed Up the Truck on This Wildly-Popular ETF
Elon Musk’s X will ban users from making money on the platform if they repeatedly post unlabelled AI-generated war videos, after social media feeds were flooded with fake battle scenes from the Iran conflict. The social media platform, which has about half a billion monthly active users, will suspend people from earning revenue from posts for 90 days if they put up AI-generated videos of an armed ...
Elon Musk’s X will ban users from making money on the platform if they repeatedly post unlabelled AI-generated war videos, after social media feeds were flooded with fake battle scenes from the Iran conflict. The social media platform, which has about half a billion monthly active users, will suspend people from earning revenue from posts for 90 days if they put up AI-generated videos of an armed conflict without adding a disclosure that it was made with AI. A second infraction will lead to a permanent ban, it said on Tuesday night, after the first days of the conflict in Iran were marked by a torrent of bogus online footage. Timelines on X, as well as Instagram and Facebook, which are run by Meta, have carried numerous faked battle scenes, including Iranian rockets pursuing and shooting down a US jet – which was viewed 70m times, according to checks by BBC Verify – and another clip that used AI to replace smoke rising from the site of a real missile strike with a fake fireball several times bigger. Users can make hundreds of dollars a month on X as part of the platform’s advertising model if they build substantial followings approaching 100,000 people, which incentivises the production of shocking viral posts. Nikita Bier, the head of product at X, said: “During times of war, it is critical that people have access to authentic information on the ground. With today’s AI technologies, it is trivial to create content that can mislead people. Starting now, users who post AI-generated videos of an armed conflict – without adding a disclosure that it was made with AI – will be suspended from creator revenue sharing for 90 days. Subsequent violations will result in a permanent suspension from the programme.” Other fake videos of the war have achieved huge reach. A clip circulating on Instagram purporting to show a huge conflagration after “Iran destroyed the US airbase in Riyadh” was fake and has been identified as 18-month-old footage of the aftermath of an Israeli strik...
Almost 60% of Welsh voters are unaware of how the new system will work in May’s Senedd elections and there is confusion over devolution powers, a report has found. Polling research released on Wednesday by Cardiff University and YouGov suggested that 26 years since devolution began, many voters remain unsure about which policy decisions sit with Cardiff Bay, and which with Westminster. One-third o...
Almost 60% of Welsh voters are unaware of how the new system will work in May’s Senedd elections and there is confusion over devolution powers, a report has found. Polling research released on Wednesday by Cardiff University and YouGov suggested that 26 years since devolution began, many voters remain unsure about which policy decisions sit with Cardiff Bay, and which with Westminster. One-third of respondents still did not know that health and education are devolved to the Welsh government, with only 1% correctly identifying who has responsibility for eight key policy areas. Nearly 70% of people either answered incorrectly or did not know that policing in Wales, unlike Scotland, is under UK government control, and 29% were incorrect or did not know that immigration policy is decided by Westminster. Only 7% of people knew that May’s crucial vote will be held under a new closed list system, and 58% did not know which voting system will be used, according to the representative poll of 1,544 people, conducted in February. Prof Stephen Cushion, the lead researcher, said the results raised “urgent questions” about public access to political information in the run-up to the election. “During an election period, these gaps matter for democratic accountability because people need to make a well-informed decision about who will be running Wales over the next few years,” he said. Some of the confusion can be attributed to media consumption, he said. UK-wide media outlets remain the primary news source for 46% of respondents, compared with 10% who use mainly Wales-focused and Wales-produced news. Almost half of respondents said UK‑wide outlets did a bad job of reporting on Wales, and the biggest reason given, at 19%, was that it was too focused on London and south-east England. Respondents struggled to place news stories in the correct constitutional context, for example, misreading a BBC website story about an England‑only junior doctors’ strike as UK‑wide, researchers found....
On this episode of Bloomberg Investigates , we pull back the curtain on a shadow world where billions of dollars are being made amid sanctions and war.
On this episode of Bloomberg Investigates , we pull back the curtain on a shadow world where billions of dollars are being made amid sanctions and war.
Broadcast journalists from ethnic minorities are still locked out of top jobs and face a backlash after being perceived as “diversity hires”, according to a survey of UK television newsrooms. While there has been a sustained focus on racial diversity among Britain’s biggest broadcasters in recent years, the study concluded it had been “performed rather than embedded”, leaving minority ethnic journ...
Broadcast journalists from ethnic minorities are still locked out of top jobs and face a backlash after being perceived as “diversity hires”, according to a survey of UK television newsrooms. While there has been a sustained focus on racial diversity among Britain’s biggest broadcasters in recent years, the study concluded it had been “performed rather than embedded”, leaving minority ethnic journalists feeling excluded from influential posts and resented by colleagues. The report, commissioned by the Sir Lenny Henry Centre for Media Diversity and co-authored by Rohit Kachroo, ITV News’s global security editor, based its findings on a survey of 80 journalists, with follow-up interviews. “For many, the result has been stagnation, frustration, and in some cases exit from the industry,” the report said. “Yet even as racially minoritised staff report only limited progress, many are now experiencing a backlash from some white colleagues who believe they have lost out because of diversity, expressed through resentment, resistance, and attempts to roll back these efforts.” While interviewees acknowledged the programmes improved access, others said they felt such schemes had been implemented in ways that left them exposed to stigma as a “diversity hire”. One of the respondents, who said they had not benefited from a scheme, said: “The opposite if anything. People assume you’re a diversity hire when you’re there on hard work and merit. It’s a double-edged sword.” Another said: “It’s like an apartheid newsroom. You look left and there’s disproportionately too many people [of colour] because everyone’s on the lower rung. And you look on the other side, it’s like, everyone’s almost white.” One senior journalist said: “I work for one of the biggest news broadcasters in the UK … Not only is young, diverse talent leaving, there is a glaring lack of diversity and range in the editorial output.” Of those who participated in the research, 63% said they had experienced racism in their...
An ascending United Airlines Boeing 767-300 on a foggy winter day. Michael Derrer Fuchs/iStock Editorial via Getty Images The latest United States/Israel military campaign targeting Iran is already having a profound impact on the global travel industry, which almost always is disproportionately impacted by macroeconomic and geopolitical events. While the conflict is playing out on the other side o...
An ascending United Airlines Boeing 767-300 on a foggy winter day. Michael Derrer Fuchs/iStock Editorial via Getty Images The latest United States/Israel military campaign targeting Iran is already having a profound impact on the global travel industry, which almost always is disproportionately impacted by macroeconomic and geopolitical events. While the conflict is playing out on the other side of the world from the United States, U.S. airlines are being impacted by second- and third-order impacts. Although I will be looking at the economic impacts for the larger airline industry, I will focus on United Airlines ( UAL ), which faces a combination of potentially negative impacts that could impact UAL more than other U.S. airlines. Big 6 YTD chart (Seeking Alpha) U.S. Airlines Will Be Indirectly Impacted by the Iran Conflict The impact from the Iran conflict is not equal to all countries or even to specific airlines. Because of longstanding sanctions, no Iranian airline participates in a meaningful way in global air transportation. In contrast, a number of Middle Eastern airlines operate from hubs that are located less than 200 miles from Iran. Several of those airlines operate at hubs, including Dubai, Doha, and Abu Dhabi, which have grown into major global airline hubs. Dubai rivals Atlanta, the world’s busiest airport by passengers handled, in airline seats offered. While Israel is hundreds of miles away from Iran, its airspace and airline operations have been repeatedly interrupted because of war directly with Iran or with its proxies in the region, but that has not been the case with most of the rest of the Middle East. Many airline hubs, including Dubai, have near-complete suspension of air service for more than four days as of the date of writing of this article. Most of the airlines in the Middle East are either government-owned or privately held. European airlines are generally well-connected with the Middle East, as are airlines in South Asia; Middle East a...
Every airline has contingency plans to manage disruptions from extreme weather or mechanical failures, but those based in the Middle East always have another item on their list: war. And last week, Kuwait’s Jazeera Airways Co. was one of those mobilizing after the US and Israel attacked Iran. The low-cost carrier grounded planes, whisked its crews and passengers to safe locations and worked diplom...
Every airline has contingency plans to manage disruptions from extreme weather or mechanical failures, but those based in the Middle East always have another item on their list: war. And last week, Kuwait’s Jazeera Airways Co. was one of those mobilizing after the US and Israel attacked Iran. The low-cost carrier grounded planes, whisked its crews and passengers to safe locations and worked diplomatic channels to get 200 Iranian customers back home by land through Iraq, Chief Executive Officer Barathan Pasupathi said . Enacting these steps was complicated by the fact that Pasupathi, a Singaporean national who previously ran Jetstar Asia Airways, was in Munich when he received a call that nations across the Gulf were closing their airspace. “We are all probably living the worst-case scenario, which was one of the plans,” Pasupathi said in an interview. “Though we do not know precisely when this will happen and where it will happen, we were prepared.” While Jazeera only commands a small fleet of 23 aircraft — all Airbus SE 320s — the company’s challenges mirror those of the entire industry in the Persian Gulf, faced with the unprecedented reality of having to effectively shut operations. Emirates, the biggest airline in the region, suspended commercial services until Saturday, marking a full week of no flights in a part of the world that’s usually a key destination for global travelers. Airlines worldwide have canceled more than 15,000 flights since the war began, with the biggest carriers pulling back on services to hubs in the Middle East. The volleys of missiles and drones are putting airports in Dubai, Abu Dhabi, Bahrain and Kuwait at risk. Kuwait International Airport was hit by a drone Saturday, and the attack caused several light injuries and damages to the passenger building. Pasupathi said the airline’s terminal is still functional and, whenever airspaces reopen, he could have the carrier operational within six hours. He was speaking from Jeddah, Saudi Arabia...
Chinese scientists have reported a milestone in space laser communications, sustaining a high-speed, hours-long laser link with a satellite more than 40,000km (25,000 miles) above the Earth. The capability is seen as critical to future deep-space networks. According to the Chinese Academy of Sciences’ Institute of Optics and Electronics, which led the project, researchers used a 1.8-metre (6-foot)...
Chinese scientists have reported a milestone in space laser communications, sustaining a high-speed, hours-long laser link with a satellite more than 40,000km (25,000 miles) above the Earth. The capability is seen as critical to future deep-space networks. According to the Chinese Academy of Sciences’ Institute of Optics and Electronics, which led the project, researchers used a 1.8-metre (6-foot) aperture telescope in Yunnan province to lock onto a geostationary satellite within four seconds. During the experiment, which lasted more than three hours, the laser link sustained uninterrupted data transmission at 1 gigabit per second (Gbps) in both directions, the Sichuan Observer reported on Tuesday. Advertisement The research team described the result as a “leading breakthrough” in long-duration, real-time communication in high orbit, where the tiniest of pointing errors or shifts in the atmosphere can break the beam. Lead researcher Liu Chao said high-orbit satellite-ground communication was often unstable and brief, sometimes lasting only minutes. And while data travels quickly from satellites, signals from Earth are much slower, making real-time interaction difficult. Advertisement “It’s like sending someone 10 messages and getting only one reply,” Liu told the Sichuan Observer. “It’s hard to have an efficient conversation that way.”
Sony Group Corp. no longer plans to release its big PlayStation 5 games on PC, a major shift in strategy that sees the video-game maker returning to console exclusivity after six years of flirting with multi-platform releases, according to people familiar with the company’s plans. Online games such as Marathon and Marvel Tokon will still be released across multiple platforms, but single-player tit...
Sony Group Corp. no longer plans to release its big PlayStation 5 games on PC, a major shift in strategy that sees the video-game maker returning to console exclusivity after six years of flirting with multi-platform releases, according to people familiar with the company’s plans. Online games such as Marathon and Marvel Tokon will still be released across multiple platforms, but single-player titles such as last year’s samurai hit Ghost of Yotei and the upcoming action game Saros will remain exclusive to PlayStation 5, said the people, who asked not to be identified because they weren’t authorized to talk publicly about the company’s strategy. The people cautioned that things could change in the future due to the unpredictable nature of the video-game industry and that Sony’s plans are constantly shifting. But in recent weeks PlayStation scrapped plans to bring Ghost of Yotei and other internally developed games to PC. Two games made by external developers but published by PlayStation, Death Stranding 2 and the upcoming Kena: Scars of Kosmora , are still planned for release on PC this year. A spokesperson for PlayStation declined to comment. There are likely a few reasons behind this shift. One is that several recent PlayStation games have not sold well on PC. A faction within PlayStation has also expressed concern that releasing their games on PC risks damaging the console’s brand and will hurt sales of the PlayStation 5 and its successors, according to the people familiar with Sony’s inner workings. For decades, Sony’s tactic for selling PlayStations was to keep tentpole franchises exclusive to its own consoles. In 2020, it pivoted and began bringing games to personal computers via Steam. Since then, the company has put most of its biggest franchises on PC, such as God of War and The Last of Us . But the strategy has been muddled and confused many players. Most PC releases arrived months or years after the games came to PlayStation. The cadence was never consiste...
Dragon Claws/iStock via Getty Images How control of constraints becomes the new moat, and why Nvidia behaves like an industrial planner. A brief essay For most of the last twenty years, the big constraint in tech wasn’t physical. It was software and distribution. Who had the users, who had the developers, who owned the workflow, who owned the API surface area. Compute felt basically infinite, capi...
Dragon Claws/iStock via Getty Images How control of constraints becomes the new moat, and why Nvidia behaves like an industrial planner. A brief essay For most of the last twenty years, the big constraint in tech wasn’t physical. It was software and distribution. Who had the users, who had the developers, who owned the workflow, who owned the API surface area. Compute felt basically infinite, capital was cheap enough to pretend it was infinite, and scaling looked like hiring more people, spinning up more instances, shipping more features. AI messes with that, and not because it’s “bigger” in some abstract way. It messes with it because it drags the digital economy back into the physical world. Suddenly the thing you’re trying to scale isn’t just lines of code. It’s throughput. And throughput has a nasty habit of running into real-world limits. That’s the part I think the market is still digesting. The defining feature of this era isn’t intelligence. It’s output per unit of time and output per unit of electricity. Once you frame it that way, you start noticing how many choke points sit underneath the glossy “AI” label. Power, transmission, transformers, switchgear, cooling, land, permitting, skilled labor, memory bandwidth, advanced packaging, optics, financing. It’s a long list, and the list keeps changing as the system scales. So the bottleneck economy is basically this: value flows to whoever controls the constraints and whoever can take a messy sequence of dependencies and turn it into something predictable enough to monetize. And once you really internalize that, Nvidia ( NVDA ) stops looking like a chip company that happens to be on a hot cycle. It starts looking like the entity coordinating a new kind of industrial buildout. People throw around “AI factory” like it’s marketing. But if you squint at what’s actually happening, it’s not a metaphor. Training runs and large-scale inference are closer to manufacturing than they are to traditional software. You feed ...
Phase 3 study designed with total hip BMD primary endpoint assessed at 12 months, rather than at 24 months EB613 single tablet final commercial formulation (Next-Gen EB613) replaces multi-tablet EB613 as Phase 3 candidate, following successful bridging study Topline data anticipated in the second half of 2028, approximately one year earlier than previously expected; Entera commits to a 12-month ex...
Phase 3 study designed with total hip BMD primary endpoint assessed at 12 months, rather than at 24 months EB613 single tablet final commercial formulation (Next-Gen EB613) replaces multi-tablet EB613 as Phase 3 candidate, following successful bridging study Topline data anticipated in the second half of 2028, approximately one year earlier than previously expected; Entera commits to a 12-month extension study to run in parallel with potential NDA review TEL AVIV, March 04, 2026 (GLOBE NEWSWIRE) -- Entera Bio Ltd. (NASDAQ: ENTX) ("Entera" or the "Company"), a leader in the development of oral peptide and protein replacement therapies, today announced the submission to the U.S. Food and Drug Administration (FDA) of a clinical amendment providing a streamlined Phase 3 protocol, statistical analysis plan (SAP), and open-label extension synopsis to the Company’s Investigational New Drug (IND) 505(b)(2) submission, to evaluate EB613 (Oral PTH(1-34), teriparatide). Entera anticipates FDA feedback within 60 days. EB613 is the first oral anabolic (bone forming) tablet treatment in Phase 3 development for the treatment of osteoporosis. The FDA submission relies on the combination of Entera’s oral peptide platform, N-Tab®, the Listed Drug (LD) Forteo® (teriparatide SC injection, Eli Lilly), which has been in clinical use for over 20 years with a well-established benefit-risk profile, prior FDA alignment and recent landmark regulatory recognition of total hip BMD as an acceptable primary endpoint for fracture. Entera is seeking the same indications as Forteo®. The planned Phase 3 trial will consist of a multinational, randomized, double-blind, placebo-controlled safety and efficacy study in 750 women with postmenopausal osteoporosis to evaluate the percentage change in total hip BMD from baseline to month 12 (rather than month 24) as the primary outcome measure. The required target enrolment for this study is significantly lower than previous development assumptions, substanti...
"Unknown Projectile" Strikes Container Ship In Strait Of Hormuz As Maritime Crisis Explodes This morning has been very active on the maritime security front. The latest incident involves a container ship that was struck by a projectile while transiting the Strait of Hormuz. United Kingdom Maritime Trade Operations reports that a container ship about two nautical miles off Oman, transiting eastboun...
"Unknown Projectile" Strikes Container Ship In Strait Of Hormuz As Maritime Crisis Explodes This morning has been very active on the maritime security front. The latest incident involves a container ship that was struck by a projectile while transiting the Strait of Hormuz. United Kingdom Maritime Trade Operations reports that a container ship about two nautical miles off Oman, transiting eastbound through the critical and narrow waterway, was "hit by an unknown projectile just above the waterline, causing a fire in the engine room." "The crew have now abandoned the vessel and all crew are accounted for with no reported injuries," the maritime security center wrote in an update on X. UKMTO's alert did not identify the container ship by name, but there are currently three transiting the paralyzed waterway. We suspect that the vessel hit was "Safeen Prestige," though there is no official confirmation. Latest maritime incidents we are tracking: UBS analyst Cristian Nedelcu provided clients with a clearer picture of the logistical nightmare unfolding due to disruptions in the Strait of Hormuz: Rising uncertainty, however a potential prolonged disruption could push rates up We note that since the end of November, the EU logistics and shipping sector share prices were up on average ~18%, outperforming Stoxx 600 by ~5%. We believe this mainly reflects expectations for an improvement in the European and US economies in 2H 2026. In the context of the escalation in the Middle East, a potential prolonged and significant increase in oil prices could represent a headwind to demand raising question marks around global freight volume growth going forward. Nevertheless, we believe a potential prolonged disruption could also bring upwards pressure on ocean and air freight rates on some routes. We believe a scenario of continuous disruption in the Strait of Hormuz and Middle Eastern air space would bring upwards pressure to ocean and air freight rates touching Middle East and Asia-Eu...
John Wood Group has been fined nearly £13m for repeatedly publishing inaccurate financial results. The FTSE-listed oil and has engineering company, which is soon to be bought by a Dubai-based rival, has previously admitted that “cultural failings” led to information being kept from auditors. On Wednesday, the Financial Conduct Authority handed Wood Group a £12.9m fine for inaccurate reporting betw...
John Wood Group has been fined nearly £13m for repeatedly publishing inaccurate financial results. The FTSE-listed oil and has engineering company, which is soon to be bought by a Dubai-based rival, has previously admitted that “cultural failings” led to information being kept from auditors. On Wednesday, the Financial Conduct Authority handed Wood Group a £12.9m fine for inaccurate reporting between January 2023 and November 2024. The watchdog began an investigation into the company in June last year. The FCA said: “Following the poor performance of certain projects, Wood Group’s accounting judgments were inappropriately influenced by its desire to maintain previously stated financial results.” The watchdog added that the company did not have “adequate systems, controls or procedures to prevent this from happening”. It would have fined Wood Group £18.5m, but cut the penalty by 30% after the company agreed with its findings. Aberdeen-based Wood Group, which carries out engineering and consulting work on oil rigs, has been dealing with the accounting fallout since 2024, when it ordered an independent review into its finances by Deloitte. The review uncovered “inappropriate management pressure” to stick with existing financial reports despite problems in a number of contracts in its projects business. Those related to “legacy lump-sum turnkey projects” – where a contractor handles everything from designing to building a scheme. The turmoil deepened when Wood Group’s chief financial officer, Arvind Balan, quit abruptly last year after it emerged that he had misstated his professional qualifications. Over the same period, Sidara, the Middle Eastern engineering company that eventually agreed to buy Wood Group last November, significantly reduced its offers for the UK firm, citing market turmoil. The deal, which is due to go through next week, will see Wood Group taken over for just £216m, a fraction of Sidara’s initial approach worth £1.58bn made in 2024. It will also ma...