Where's the Trump phone? We're going to keep talking about it every week . We've reached out, as usual, to ask about the Trump phone's whereabouts. This time we've discovered a little more evidence that the phone is on its way to a release. Trump Mobile's T1 Phone has just passed another milestone on its slow road to release. The phone has received the little-known PTCRB certification, a first ste...
Where's the Trump phone? We're going to keep talking about it every week . We've reached out, as usual, to ask about the Trump phone's whereabouts. This time we've discovered a little more evidence that the phone is on its way to a release. Trump Mobile's T1 Phone has just passed another milestone on its slow road to release. The phone has received the little-known PTCRB certification, a first step toward being certified to work on major networks and be issued with IMEI numbers. You probably haven't heard of PTCRB certification - I hadn't until recently. It doesn't come up very often. It's the North American certification process for smartp … Read the full story at The Verge.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Oh and before you read on, just as a reminder, on May 28, we’re doing a live Odd Lots show in New York City. Tickets are selling fast, but there are still some available. Get your tickets now here . What Joe is thinking about today I debated for a little while whether the title of today’s newsletter was too hyperbolic or clickbait-y. But I don’t think so. I just got back from four nights in Madrid (Tracy and I were participating in the Bloomberg CityLab conference, so expect some episodes from that in the near future) and the internet feels like a different place than it was before I left. Before I explain, here’s a little background. I continue to think that one of the best things I’ve done to get a better sense of where the internet is going has been using Claude Code and building a few things. I’m not saying that I’ve had any special breakthroughs or like that, but it’s been great for sharpening some of my intuitions about the existing architecture of the internet, and how it will inevitably change in the age of AI. However, before I explain that , let me give you an update on one of my projects. Earlier in the year, I wrote about and built Fedlock , which is an attempt to measure central bank policy tilt using LLMs. I won’t get into the whole project, but the basic gist is simple. I have a corpus of (almost) every monetary policy speech delivered by an FOMC member since 1995 which I then anonymized. Next, I show two different speeches side by side to the AI (...
hapabapa/iStock Editorial via Getty Images In the world of biotech, no news is only a little better than bad news, as institutional investor moves are often timed with major upcoming pipeline events. For Alnylam Pharmaceuticals ( ALNY ), 2026 is likely to be a relatively quiet year, giving analysts and investors more time to fixate on the quarterly gyrations of the TTR amyloidosis market and favor...
hapabapa/iStock Editorial via Getty Images In the world of biotech, no news is only a little better than bad news, as institutional investor moves are often timed with major upcoming pipeline events. For Alnylam Pharmaceuticals ( ALNY ), 2026 is likely to be a relatively quiet year, giving analysts and investors more time to fixate on the quarterly gyrations of the TTR amyloidosis market and favor names with more thesis-changing clinical updates on the way. Alnylam shares are down slightly since my last update , and what bearish chatter there is largely revolves around the ongoing dynamics of the TTR amyloidosis market and concerns about whether the company can maintain its momentum here. I believe Alnylam remains well-placed not only in the evolving TTR space but also as a platform/franchise biotech capable of reliably generating high-value clinical assets year after year. Clinical and product updates later in the year could drive a little more interest, but for the time being investors are going to have to be patient with a name that I believe offers attractive upside but a lot of attention-grabbing news flow in the near term. Q1 Results Show The TTR Franchise Is Still On Track As I discussed in the last couple of Alnylam articles, the first quarter of 2026 was going to be a little more challenging for TTR franchise revenue ( Onpattro and Amvuttra ) given insurance reauthorizations, a price cut in Germany, and some inventory dynamics. Exiting the quarter, it looks like the business is on track for ongoing growth. To be clear, analysts were fretting about a franchise that still managed to generate 150% year-over-year and 6% quarter-over-quarter growth in a “bad” or “tough” quarter. Amvuttra continues to be a strong engine of growth for the franchise, with growing front-line share and strong ongoing usage as a second-line therapy (typically behind Pfizer’s ( PFE ) tafamidis ( Vyndamax ). Overall net product revenue rose 117% in constant currency terms, with the TTR ...
Generac Holdings (NYSE: GNRC) stock jumped this week after reporting quarterly earnings and boosting its full-year sales forecast. Shares were about 17% above last week's close as of Friday at noon, according to data provided by S&P Global Market Intelligence . A sluggish housing market isn't slowing Generac's growth. That's because the company is now seeing strength from the expanding data center...
Generac Holdings (NYSE: GNRC) stock jumped this week after reporting quarterly earnings and boosting its full-year sales forecast. Shares were about 17% above last week's close as of Friday at noon, according to data provided by S&P Global Market Intelligence . A sluggish housing market isn't slowing Generac's growth. That's because the company is now seeing strength from the expanding data center construction market. Continue reading
As antisemitic incidents rise, some are asking whether it’s time to leave – and where they might go next For many Jews sitting down with family and friends for Friday night dinner, the conversation is now turning to their “red line”. “What do we do? Do we have to leave?” asked Barry Frankfurt. Israel had once been a place some might have considered retiring to, to live by the sea. “Never in our li...
As antisemitic incidents rise, some are asking whether it’s time to leave – and where they might go next For many Jews sitting down with family and friends for Friday night dinner, the conversation is now turning to their “red line”. “What do we do? Do we have to leave?” asked Barry Frankfurt. Israel had once been a place some might have considered retiring to, to live by the sea. “Never in our lifetime has it been considered we need to run away, we need to seek refuge … and that place might have to be Israel,” said Frankfurt, a brand consultant in north London. “We might have to do that because we don’t feel safe in the country we call home. “Every couple of weeks you’ll hear of another couple or family in the community who have moved or will be moving soon to Israel,” he said. “And that should be the thing that shocks us as a country.” Continue reading...
Hi, it’s Matthew Monks in New York and today we talk with Truist’s new head of M&A Matthew Miller on what it takes to build a deals business. Also today, a UK billionaire’s family office targets more private equity exits. Today’s top stories BP reviews UK North Sea assets as new CEO eyes disposals. Cloud provider Nebius to buy AI startup for $615 million. Versant’s SportsEngine sells to Genstar’s ...
Hi, it’s Matthew Monks in New York and today we talk with Truist’s new head of M&A Matthew Miller on what it takes to build a deals business. Also today, a UK billionaire’s family office targets more private equity exits. Today’s top stories BP reviews UK North Sea assets as new CEO eyes disposals. Cloud provider Nebius to buy AI startup for $615 million. Versant’s SportsEngine sells to Genstar’s PlayMetrics. KKR preparing $10 billion AI firm led by ex-Amazon web chief. Novo-backed biotech Hemab raises $301.5 million in upsized IPO. M&A build Truist Securities in February announced it had hired long-time Jefferies banker Matthew Miller as head of its mergers and acquisitions team. I caught up with Miller to talk about his move, his plans for growing the M&A business at Truist and his strategy for going up against larger rivals to win mandates. We also spoke about the outlook for dealmaking among strategic and private equity firms. Here are some edited highlights from our chat. —Matthew Monks Why did you come to Truist and what are you trying to build? I saw a really strong platform with really good product capabilities and tremendous potential in the M&A business. Right now, we are a leading upper-middle market firm in the M&A business and I’m looking to continue to grow that. It’s not a rebuild, it’s not a fresh start. We have a good team, but a small team. So we want to grow organically by continuing to do more business with the team we have, by, over time, advising on larger deals, earning larger fees, and, when warranted, adding bankers to the platform. It’s a very competitive market—how does Truist stand out? If it was easy, everybody would do it... what I think we need to do is surround our clients with all the product capabilities we can offer but use M&A to spearhead the strategic dialogue, which will lead to more mandates. Part of what I’m doing here is not just leading the M&A business but partnering across the platform with all my product partners to go a...
Roblox Corp. is launching a new product that will position its popular video-game creation software to better compete with Unity Software Inc . and Epic Games , whose engines are used by most big-budget game-makers. “We want to make it easy for creators to create experiences that are multiplayer and photorealistic, and do it easily by powering it with AI,” Chief Executive Officer Dave Baszucki tol...
Roblox Corp. is launching a new product that will position its popular video-game creation software to better compete with Unity Software Inc . and Epic Games , whose engines are used by most big-budget game-makers. “We want to make it easy for creators to create experiences that are multiplayer and photorealistic, and do it easily by powering it with AI,” Chief Executive Officer Dave Baszucki told Bloomberg TV in an interview Friday. Called Roblox Reality, the update integrates cloud technology and a new video model for better image-rendering, according to the company. Roblox didn’t give a timeline for when it will be released. Roblox attracts 132 million users to its platform every day — many of whom prefer its simple, low-fidelity games, like Grow A Garden . But the company is attempting to expand its largely young user base into the over-18 demographic with high-resolution, immersive worlds accessible on products ranging from two-gigabyte Android devices to expensive gaming computers. Roblox shares plunged the most in more than four years on Friday after the company showed slowing growth in new subscribers as it works to implement more safety features to protect minors. The company also lowered its forecast for full-year bookings, a measure of sales, attributing the change to an “aggressive push to enhance safety.” The new, AI-powered software will be a paid service, Baszucki said, potentially earning revenue from subscriptions. “Real-time video AI modeling is expensive, but just like with the rest of the AI world, these prices are going to come down and down,” Baszucki said. The platform is already home to tens of millions of games made by users — some of whom have gone on to become millionaires .
The dollar index (DXY00 ) today is down by -0.33%. The dollar added to Thursday's sharp losses today, falling to a 2-week low. The strength in other G-10 currencies is weighing on the dollar today, with the euro climbing to a 1.5-week high and the yen jumping to a 2-month...
The dollar index (DXY00 ) today is down by -0.33%. The dollar added to Thursday's sharp losses today, falling to a 2-week low. The strength in other G-10 currencies is weighing on the dollar today, with the euro climbing to a 1.5-week high and the yen jumping to a 2-month...