Posts by Amelia Frost
‘El Mayo’ Zambada Led The Sinaloa Cartel For Four Decades. Now He Will Spend The Rest Of His Life In Prison.
Mexican drug cartel leader Ismael “El Mayo” Zambada was sentenced to life in prison in New York on Monday. Zambada, 76, had pleaded guilty to being a principal leader of the Sinaloa Cartel, considered by federal authorities to be one of the most violent and powerful drug trafficking organizations in the world. “Nobody wins in…
Read MoreAI Is Supercharging Drug Development. The Tech is Slashing Early Research Costs and Timelines by Up to 70%
Artificial intelligence is rapidly transforming the pharmaceutical industry, dramatically reducing the time and cost required to develop new medicines before they ever reach human testing, according to a new survey. A proprietary survey conducted by investment bank TD Cowen and reported by Axios found that AI-powered tools are cutting preclinical drug development costs and timelines…
Read MoreRyanair’s Profits Just Fell By A Third Over Higher Fuel Prices And The Iran War. Its Stock Dropped
Ryanair reported a sharp decline in first-quarter profit Monday as higher fuel costs and softer ticket prices weighed on earnings, underscoring how geopolitical tensions in the Middle East continue to ripple through the global aviation industry. It’s stock fell more than 5% on the news. The Irish budget carrier said profit after tax for the…
Read MoreGrid Bots, Quant Portfolios and Everything In Between – Picking Your Crypto Autopilot
Automated crypto trading has split into two camps. Configurable bot platforms hand you the controls and assume you know what a grid range is. Managed systems ask for your API key and a fair amount of trust. The five platforms below cover that spectrum – exchange-native bots, agentic trading platforms, multi-exchange terminals and passive quant…
Read MoreMoonshot AI Says Kimi K3 Demand Is Pushing Its GPUs To The Limit. Now They’re Eyeing An IPO
China‘s artificial intelligence race has produced another breakout moment. Moonshot AI’s new product launch brought too much demand for them to handle. The Beijing-based company has temporarily suspended new paid subscriptions to its recently launched Kimi K3 model after overwhelming demand pushed its computing infrastructure to the limit. The capacity crunch comes as Moonshot pursues…
Read MoreAlphabet Is Reportedly Developing a More Efficient AI Chip. It’s Stock Is Climbing
Alphabet’s shares are rising on Monday following reports that it is developing a more efficient AI chip. Concretely, the shares were gaining more than 2.70% at 10:56 a.m. ET, topping $356. The report in question, published by The Information, detailed that the chip would permanently embed parts of Gemini’s architecture into the silicon. Called “Frozen…
Read MoreChina’s AI Companies Are Winning Over Developers With Cheaper Models. Silicon Valley’s Biggest Advantage Is Facing New Pressure.
The competition between the United States and China in artificial intelligence is increasingly extending beyond who builds the most advanced models and into a broader contest over price, accessibility and adoption. Chinese companies have gained significant traction in recent months by releasing open-weight AI models that can be downloaded, customized and operated on private infrastructure.…
Read MoreYemen’s Houthi Rebels Have Been Threatening To Help Iran Close a Key Waterway. They Are Now Targeting Saudi Arabia
Yemen’s Houthi rebels, allies of Iran, declared a maritime embargo of Saudi Arabia on Monday. The group said the decision is based on the “equation of ‘an eye for an eye’” and will “respond to all escalation with all escalation, thus solidifying this equation.” It went on to threaten Riyadh further, saying it is ready…
Read MoreIran Suggested It Could Go Back To Negotiating With The U.S. As Clashes Escalate. Oil Prices Are Pairing Gains
Oil prices are pairing gains on Monday after an Iranian official said talks with the U.S. could be pursued again based on national interests. Speaking in a press conference, Tehran’s Foreign Ministry spokesman Esmail Baghaei said officials had continued exchanging messages with intermediaries despite escalating clashes with Washington. Brent crude, the international benchmark, edged higher…
Read MoreThe U.S. And Iran Continue To Escalate In The Middle East. Gas Prices Have Returned Above a Key Level
Average U.S. gas prices have gone back above $4 a gallon as oil prices climb again amid heavy fighting in the Middle East. It is the first time prices hit that level in over a month, NBC News reported. They had fallen to $3.79 on July 7, but have been climbing steadily as clashes continue…
Read MoreLatino Support Helped Trump Win In 2024. Those Same Voters Could Doom Him In The Midterms
The Latino vote is seen as critical to Democrats if they want to flip the House in the November midterm elections. In 2024, President Trump made inroads with Latino voters on his path back to the White House. The Associated Press reported that Trump garnered 43 percent of Latino voters in 2024, an eight-point increase…
Read MoreSpaceX Short Sellers Book Billions as Elon Musk Tells Them Their ‘Survival Probability’ Is ‘Very Low’
Short sellers betting against SpaceX have amassed about $4 billion (£3 billion) in paper profits after shares in Elon Musk’s rocket and satellite company tumbled below their record-breaking initial public offering price, making it one of Wall Street’s most heavily shorted stocks barely a month after its market debut. Data from S3 Partners, a US…
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