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Kate Timmerman is the CEO of the Chicago Quantum Exchange (CQE), and she is arguably one of the most consequential ecosystem builders in quantum today. Under her leadership, the CQE has grown from three founding institutions in 2017 to a coalition of more than 50 industry and academic partners, and the region has secured designation as a top global quantum ecosystem through The Bloch Quantum U.S. EDA Tech Hub and an NSF Regional Innovation Engine development award.If you care about how emerging deep-tech industries actually get built — the unglamorous work of coordinating universities, startups, national labs, small manufacturers, workforce agencies, and federal policy — this episode is a masterclass. It's especially valuable for listeners trying to understand how quantum moves from bespoke, hand-built prototypes to real industrial-scale production, and what that transition means for jobs, national security, and U.S. competitiveness.What We Get IntoWhy the CQE started 18 months before the National Quantum Initiative Act — and how that head start translated into winning multiple NQI research centers (SQMS, Q-NEXT, HQAN, and Q-NEXT-adjacent efforts)What the $55M Bloch Tech Hub award actually funds in the next 12 months, and why the money targets manufacturing rather than more researchThe severity of U.S. dependence on foreign and single-sourced quantum components — from nano-positioners to optics, photonics, and vacuum systems — and why that's slowing product delivery todayHow small and mid-sized Midwest manufacturers (in states that already rank top-10 in U.S. manufacturing) can pivot into the quantum supply chain without full re-toolingWhy the BCG projection of ~$80B in regional economic impact and up to 191,000 quantum jobs by 2035 is more credible when you understand the full supply-chain vision, not just quantum computer vendorsThe five pillars of the CQE's NSF-backed "Advancing Together" workforce strategy — awareness, preparation, mobility, employer leadership, and coordination — and why employers themselves often can't forecast their own hiring needsWhat the Quantum Law Navigator™ is actually for, who uses it, and why first-time quantum founders often don't know what "export control" means until it's too lateWhy Q2B is relocating its North America conference from Silicon Valley to Chicago in December 2026 — and what that signals about where the center of gravity is movingResources & LinksGuest & OrganizationKate Waimey Timmerman — Chicago Quantum Exchange ProfileChicago Quantum Exchange — About — Overview of CQE's 2026 milestones, member institutions, and program portfolioThe Bloch Quantum Tech Hub ($55M EDA Award)UChicago News — CQE-led Bloch Quantum Tech Hub raises $55 million — Primary announcement of the July 2026 EDA awardQuantum Computing Report — Bloch Quantum Tech Hub Secures $55M — Technical analysis of the award and its manufacturing focusThe Quantum Insider — Bloch Raises $55M — Coverage including corporate commitments from IBM, IonQ, and InfleqtionThe Quantum Insider — Bloch Advances in EDA Competition — Background on the tri-state coalition structure across Illinois, Wisconsin, and IndianaWorkforce & Economic DevelopmentHPCwire — CQE Releases Unified Strategy to Scale Midwest Quantum Workforce — Coverage of the NSF-backed "Advancing Together" report referenced in the conversationArgonne National Laboratory — Quantum Prairie Economic Symposium — Includes BCG's regional workforce and economic impact projectionsIllinois Economic Development Corporation — Kate Timmerman — Context on CQE's growth and Illinois' quantum strategyPrograms & Tools MentionedUChicago PME — K1 joins CQE — Example of the Founders Platform bringing quantum-enabling startups into the ecosystemIllinois Quantum & Microelectronics Park (IQMP) — Context on the physical infrastructure supporting the Chicago quantum ecosystemQuantumzeitgeist — Bloch Drives $55M Quantum Prairie Expansion — Additional analysis on the domestic supply-chain focusKey Quotes & InsightsOn the 18-month head start: "When we hear an anecdote once or twice, we realize, if we're hearing it once or twice today, that means in two years the U.S. government's gonna hear about it." Kate's argument for why nimble ecosystem organizations have to move before the market signal is obvious.On the supply chain problem: A significant portion of quantum components today are single-sourced and imported. That fragility, Kate argues, is quietly slowing every quantum company's ability to deliver products to customers — and it's the specific gap the Bloch award is designed to close.On the manufacturing pivot: The Midwest already has top-10 manufacturing states, but those small and mid-sized shops "tend to be more mom and pop type shops, and they don't have R&D budgets" to speculatively re-tool for quantum. Federal implementation funding is the mechanism to bridge that gap.On workforce reality: Employers "are so mission-focused on their tech development, they're not doing their own forecasts about what their jobs needs are gonna be in two and five years." Ecosystem organizations have to do that forecasting on behalf of the industry.On what universities quietly subsidize: "The universities end up doing a lot of stuff for free… a lot of the preparing for the future that is not maybe of incredible priority at the moment, but that fundamental work, yes, on the research side, but also on the workforce development side, is incredibly important."Related EpisodesEp. 82 — The Illinois Quantum Ecosystem with Harley Johnson — The complementary conversation on IQMP, the physical infrastructure that Kate's ecosystem work plugs into.Ep. 75 — Regional quantum development with Alejandra Y. Castillo — Former EDA leadership on the policy logic behind Tech Hubs and inclusive regional innovation.

Welcome back to the Alt Goes Mainstream podcast.We were live from Berlin, which becomes the “capital of private capital” in June as the private equity's industry leaders make the annual pilgrimage to the city for one of the marquee private equity conferences, SuperReturn Berlin.Much of the SuperReturn conference is centered on fundraising. GPs take up every available space — from hotel rooms to Tiny Space cabins that line the parking spots on Budapester Strasse outside of the InterContinental conference venue — to conduct meetings with LPs.With Prosek Partners and former Bloomberg TV journalist Deirdre Bolton as my producer, along with her team, we took over a Tiny Space cabin to hold big conversations with some of the industry's leading alternative asset managers.Our first conversation was with Apax Co-CEOs Andrew Sillitoe and Mitch Truwit.Apax is one of the pioneers in the private equity industry. The firm's rich history dates back to the 1970s, when its founders, Alan Patricof (US), Sir Ronald Cohen (UK), and Maurice Tchénio (France), came together to establish the first US-UK partnership firm in private equity. During that time period, the firm backed Steve Jobs and the first iteration of Apple. The UK and US firms merged in 1981, laying the foundation for Apax.Today, Apax stands at over $80B in aggregate funds raised. The firm underwent its second leadership transition in 2014, when Andrew and Mitch were elected as Co-CEOs, succeeding Martin Halusa, who became Chairman.Apax sits in a unique position. They are a scaled platform that focuses on the middle market. They operate across three sectors, Tech, Services, and Digital / Consumer, infusing a digital DNA and value creation team into everything they do. Their platform spans “a mile wide and a mile deep,” which is what much of the conversation between Andrew, Mitch, and me unpacked.We had a fascinating discussion about the current state of private equity and the middle market, why Apax focuses on “density-driven business models,” why the firm focuses on carveouts in the middle market, what's underappreciated about the middle market, why it's important to “buy in the right neighborhood and fix it up,” and how the firm's core values of “having impact through insight and tenacity” drive every decision they make.BiosAndrew Sillitoe has been Co-CEO of Apax since 2014. He is Chairman of the Apax Global Investment Committee and the Digital Investment Committee, amongst others. He is also a member of the Apax Executive Committee. He has been based in London since joining the Firm in 1998, focusing on Tech & Telco investments.Andrew has been involved in a number of investments including Inmarsat, Intelsat, King, Orange Switzerland, TIVIT, TDC and Unilabs.Prior to joining Apax, Andrew was a consultant at LEK. Andrew holds an MA in Politics, Philosophy and Economics from the University of Oxford and an MBA from INSEAD.BoardsAndrew has previously served on the boards of Inmarsat, King, Intelsat, Orange Switzerland and TDC.Mitch Truwit is Co-CEO of Apax, based in New York.Prior to joining Apax in 2006, Mitch was the President and CEO of Orbitz Worldwide between 2005 and 2006 and was the Executive Vice President and Chief Operating Officer of priceline.com between 2001 and 2005.Mitch is a graduate of Vassar College where he received a BA in Political Science. He also holds an MBA from the Harvard Business School.BoardsMitch serves as a Board member of Openlane and Trade Me. Prior boards include Advantage Sales & Marketing, Assured Partners, Dealer.com, Bankrate, Garda World, Hub International, Trader Canada, Boats Group and Quality Distribution Inc.Mitch serves on the charitable boards of the Apax Foundation, the John McEnroe Tennis Project, Posse and StreetSquash.Thanks, Andrew and Mitch, for a fascinating conversation and for sharing your expertise, wisdom, and passion at the intersection of investing and operating in private equity.Show Notes00:00 Meet Apax co-CEOs, Andrew Sillitoe and Mitch Truwit00:26 Andrew's Origins at Apax00:47 Private Equity Then vs Now01:25 Apax Growth and Values01:45 Curiosity as a Differentiator02:04 Mitch's Operator Background02:56 Why Mitch Joined Apax03:40 Defining the Middle Market04:14 Why Sub-Billion EV Works04:59 Middle Market Talent Gap05:20 Carve Outs as a Strategy05:29 TRADER Corporation - Canada App Turnaround06:12 Scaled Platform Advantage07:14 Digital DNA and AI Wave07:50 Top Line Growth Lever08:36 Add-ons and TAM Expansion09:33 ECI Case Study Roll Up10:07 Integration Over Collection10:28 Exit Options in a Bigger PE World10:59 Building for Multiple Buyers11:45 Fund Size Discipline12:34 Choosing Returns Over AUM13:16 Understanding Firm DNA14:01 Global Micro Investing14:49 Making Global Pods Work15:50 Scale Specialization Flexibility17:08 Where to Invest Now19:23 Buying Complexity for Value20:15 Moats and Investment Committee22:13 Why Middle Market Excites Them23:19 Future of PE and AI at Scale24:50 Impact Insight Tenacity Culture25:54 Obligation to Dissent Story26:55 Aspirational Brand Analogy27:48 Wrap Up and Thanks

During Episode 36 of Biotalk, Geoff Meyerson, CEO of Locust Walk, unpacks our 2026 Q2 Report: Global Trends in Biopharma Transactions, covering capital markets, strategic deals, and regional trends.  Market Overview: 2026 Q2 confirmed that 2025's momentum was durable: strategic activity stayed exceptionally strong, public markets kept reopening, and Europe's venture market rebounded sharply. China cemented its lead in global licensing while the U.S. dominated M&A and public markets. Strategic Transactions: Licensing held near record levels at ~$72B across 43 deals, with average deal size reaching a record ~$1.7B as pharma concentrated capital on fewer, earlier-stage assets. China drove ~60% of first-half value, anchored by the $15B+ Bristol Myers Squibb–Hengrui collaboration, even as upfronts fell to just ~5% of deal value. M&A hit a record ~$80B across 34 transactions, up 222% year-over-year, with U.S. sellers accounting for ~93% of value and oncology leading at ~40%. Capital Markets: U.S. markets kept reopening: seven IPOs raised ~$3.1B (a five-year high), venture reached ~$4.5B, and layoffs fell to a three-year low. Europe's venture market rebounded more than fivefold to ~$3.3B, led by Isomorphic Labs' $2.1B Series B. Outlook: Dealmaking is strong and markets are opening, but structures will keep favoring milestone-heavy economics. China's licensing dominance and U.S. leadership in M&A and financings will shape strategy through the rest of 2026.

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Chinese AI models grabbed over 30% of US token use as Beijing weighed curbing access. Anthropic expanded Cowork to mobile and web, Meta launched its first AI image generator on Instagram and WhatsApp, and Xbox's $80B Game Pass bet failed. OpenRouter: Chinese AI models have drawn 30%+ of token use by US companies each week since February 8, peaking at 46%, up from 11% over the previous 12 months (CNBC) Chinese authorities have held meetings with top tech firms about potentially restricting overseas access to China's most advanced AI models, sources say (Reuters) Anthropic is bringing Claude Cowork to mobile and web, letting tasks run in the cloud and continue working even when no device is online (9to5Mac) Anthropic is bringing Claude Cowork to mobile and web, letting tasks run in the cloud and continue working even when no device is online (ZDNet) Meta launches Muse Image in Meta AI, Instagram, and WhatsApp, and previews Muse Video, the first media generation models from its Superintelligence Labs (Meta) Meta's new Muse Image tool lets users generate AI photos similar to what they'd normally post, including vacation selfies and photo-booth style shots (NYT) Public Instagram profiles are automatically opted into being used as material for others' AI image generations via Meta AI, unless users adjust their settings (Wired) Xbox spent nearly $80B over a decade on content deals betting gamers would flock to Game Pass, but most gamers prefer sticking to a handful of favorite games (Bloomberg) Subscribe to the ad-free feed. Learn more about your ad choices. Visit megaphone.fm/adchoices

On Episode 310 of The Six Five Pod, Patrick Moorhead and Daniel Newman unpack the biggest stories from the week, including insights from Qualcomm Investor Day 2026, OpenAI and Broadcom's Jalapeño AI chip, Anthropic's Micron partnership, SpaceX's massive Reflection AI compute deal, Sakana AI's new Fugu orchestrator, and why memory is emerging as a critical layer of AI infrastructure. Plus, Bulls & Bears covers NVIDIA's $25B bond offering, Apple's MacBook price increases, Micron's record quarter, and Cerebras' first earnings as a public company. The handpicked topics for this week are: Qualcomm Investor Day 2026 — The Data Center Debut: Pat and Dan break down Qualcomm's push into the data center after the company took the stage with Microsoft's Satya Nadella and Meta's Mark Zuckerberg as named customers. They unpack the new Dragonfly platform, including the C1000 250-core data center CPU with PCIe Gen 7 and CXL, the AI200 and AI250 inference accelerators, and a novel High Bandwidth Compute (HBC) architecture that stacks compute under LPDDR memory at dramatically lower cost than HBM. They highlight Qualcomm's ambitious growth targets: $15B data center revenue target for FY 2029, an increased total non-handset revenue goal from $22B to  $40B, and a shortened timeline for automotive revenue by two years. They also debate the identity of Qualcomm's unnamed hyperscaler customer and why its robotics opportunity may be flying under the radar. (The Decode) OpenAI and Broadcom Unveil Jalapeño, OpenAI's First Custom Chip: A photo of Sam Altman and Hock Tan holding a wafer and packaged die kicked off OpenAI's reveal of Jalapeño, a custom inference chip built with Broadcom and slated for late-2026 deployment. The chip reached tape-out in roughly nine months, which is an aggressive cycle for an ASIC of this size, and uses HBM3E memory. Pat takes a victory lap on his long-standing heterogeneous compute thesis: every hyperscaler and now every model lab is building accelerators, and the XPU efficiency argument has played out as predicted. Dan frames OpenAI's broader move as existential: they cannot serve frontier models at premium margins if compute remains constrained. He flags that OpenAI is trying to do everything from chips and fabs to social networks and browsers, and that its IPO is now delayed. (The Decode)   Anthropic and Micron Sign a Strategic Multi-Year Memory Agreement: Anthropic and Micron announced a multi-year supply agreement for HBM, DRAM, and SSDs, including co-designed next-generation memory for AI workloads, along with a strategic investment by Anthropic in Micron. The pattern mirrors Samsung and SK Hynix's pre-funding Anthropic in May, and follows OpenAI's Jalapeño as another frontier lab moving to lock in supply chain control. Dan frames it as the same circular financing playbook NVIDIA ran two to three years ago, but with the ball now in the memory triopoly's court. Pricing-floor agreements with no ceilings, customized rather than commoditized memory architecture, and demand running well past the previously assumed 2027-2028 horizon. Pat notes that the rumored 14% free cash flow margin at Anthropic makes the strategic investment math work cleanly for both sides. (The Decode)   SpaceX Signs $6.3B Compute Deal with Reflection AI: SpaceX inked a $6.3B compute lease with open-source AI lab Reflection AI, at $150M per month from July 2026 through 2029, giving Reflection access to NVIDIA GB300 chips inside the Colossus infrastructure. Combined with the $920M-per-month Google compute contract and existing xAI commitments, SpaceX now has a contracted backlog larger than most public AI startups' entire revenue base, with some calling it the largest commercial AI infrastructure provider at $80B in contracted revenue. Pat reads it as XAI failing to land with developers, consumers, or enterprises, leaving SpaceX with a pot of gold worth far more as wholesale capacity than as XAI's own training compute. Dan flags that Google owning 7% of SpaceX ahead of an IPO is not accidental, and the open question is whether this becomes a Nebius-style infrastructure trade or a full-stack Google-equivalent platform. (The Decode)   Japan's Agentic Orchestrator Sakana AI Ships Fugu Plus and Fugu Ultra: Japan's Sakana AI released Fugu Plus and Fugu Ultra, an agentic orchestrator built on a multi-agent MOE approach that routes workloads across multiple underlying models rather than training a new frontier base model. Sakana claims agentic capabilities on par with or better than top frontier models at significantly lower input/output token costs, similar to the DeepSeek and GLM cost-undercut narrative. Pat compares the architecture to OpenRouter and notes the developer-facing parallel to Perplexity Computer's model-routing approach. Both agree that models themselves are no longer moats, and suggests the real moat is the harness, tooling, connectivity, looping, agentic stack, and total compute availability. Expect more sovereign agentic plays from Japan, the Middle East, and elsewhere on the same template. (The Decode)   The Flip — Is the Era of Memory as a Commodity Over? Daniel takes the FOR side: memory has moved from commodity to strategic AI infrastructure, citing 16 multi-year agreements covering $22B in committed volume booked through 2027, 84.9% gross margins higher than NVIDIA's, the technology barriers of HBM yield/stacking/packaging that only three companies can clear, and demand drivers tied to HBM as the binding constraint on every AI accelerator rather than to elastic consumer cycles. Patrick takes the AGAINST side: long-term agreements and SCAs signal a commodity in a strong cycle, not a structural rerating; nearly every relevant memory standard — DDR5, MRDIMM, HBM3/3E/4, LPDDR5X/6, GDDR6/7, LPCAM2 — is JEDEC-standard and therefore commodity at the pin; and CXMT's China DDR5 production ramps in 2H 2026 with Lenovo already shipping and HP and Dell qualifying. Custom HBM4 and Qualcomm-style HBC are where strategic memory genuinely lives. (The Flip)   NVIDIA's $25B Investment-Grade Bond Offering: NVIDIA priced a $25B multi-tranche bond offering on June 15, its first investment-grade debt sale since 2021, with seven tranches maturing between 2028 and 2056 and $85B in orders against an initial $20B target. Dan reads it as raising when capital is cheap, and oversubscription is real. NVIDIA doesn't need the money, it has a gold balance sheet, and is establishing a credit benchmark rather than funding CapEx. Pat agrees the optics are clean, but flags the irony of NVIDIA, with negative debt, borrowing while the stock trades like dead money at a sub-20x forward P/E. Both note that NVIDIA's underperformance reflects the market's skepticism on memory-as-strategic and on NVIDIA's own capex pace relative to the buildout opportunity ahead. (Bulls & Bears)   Tim Cook Calls Apple's Memory Crunch Price Raises on MacBook and iPad "Unsustainable": Apple announced MacBook and iPad price increases of up to $300, with Tim Cook telling the WSJ the memory cost environment is unsustainable. AAPL fell ~5% on the news, the broader rally was momentarily wiped out before Micron held the gains by close. Dan frames it as a moment when the market saw who is going to pay for the AI buildout: the consumer. He notes Apple's pricing power and inelasticity test is now live. Pat traces the backstory to Apple's negative-margin pricing pressure on Micron during the 2022-2023 memory downturn. The question is whether consumer-price blowback will eventually flow back to the memory vendors. (Bulls & Bears)   Micron Blows the Doors Off Fiscal Q3 — $41.46B Revenue, 84.9% Gross Margin: The memory story continues as Micron reported its largest beat in company history with fiscal Q3 revenue of $41.46B versus a $35.69B consensus, EPS of $25.11, year-over-year growth of more than 340%, and a record 84.9% gross margin that is roughly 10 points above NVIDIA's. Q4 guidance came in at a $50B midpoint against a $43B consensus. The 16 multi-year strategic customer agreements add up to $22B in committed volume, with most contracts containing pricing floors but no ceilings on most of the volume — a structurally asymmetric setup. Pat notes 95% of the beat came from price, not units, which reinforces his commodity argument; Dan flips it as the early innings of an NVIDIA-style run that puts Micron's 2027 profit on par with Google. (Bulls & Bears)   Cerebras' First Earnings Report Since IPO — Revenue Doubles, Margins Compress: Cerebras (CBRS) reported its first earnings as a public company, doubling year-over-year revenue and beating the top line while missing EPS, but the stock sold off hard amid gross margin deterioration. Core revenue came in at $191M, up 12% sequentially, with a $194M Q2 guide that is essentially flat, core gross margins at 47% guiding to 36-38% and 38-41% for the year, and operating margins flipping from positive 2% to a guided -30% to -32%. Customer concentration is shifting from Core42 and G42 (86% of FY25 revenue) to OpenAI, which loaned Cerebras $1B and gets paid quarterly in warrants. Pat flags that Cerebras' uncontested speed claim is no longer uncontested with Groq, TPU v8i, and Tenstorrent putting up real numbers. Cathie Wood is down 52% on her position. (Bulls & Bears) Watch the full video at sixfivemedia.com, and be sure to subscribe to our YouTube channel so you never miss an episode. The Decode Qualcomm Investor Day Lands the Data Center Pivot — Microsoft Deploying Qualcomm HBC XPUs in Azure (Per Satya Nadella) + Meta MOU on Three New Qualcomm Datacenter CPUs (Per Zuckerberg); $3.9B Modular Acquisition; Dragonfly Brand + AI200/AI250 Roadmap; HUMAIN 200MW Ramp; Qualcomm to Become Largest Automotive Silicon Company; Targets $3B Datacenter Revenue FY27, $35B by FY31 https://finance.yahoo.com/markets/stocks/articles/qualcomm-investor-day-detail-data-163247063.html  OpenAI Begins Vertical Integration — First Custom Inference Chip "Jalapeño" Unveiled With Broadcom June 24 (Hock Tan: As Good as Blackwell + TPU; ~50% Cost Savings; Late-2026 Microsoft Deployment, 10GW Multi-Gen Roadmap); Daybreak Cyber Stack (June 22) Confirms the Platform Shift https://x.com/OpenAI/status/2069770172802773292  Frontier AI Labs Are Now Financing Their Own Supply Chains — Anthropic Locks In Multi-Year Micron HBM/DRAM/SSD Supply + Micron Becomes Series H Investor; Same Pattern as Samsung + SK hynix Pre-Funded Anthropic in May; $965B Post-Money, $47B Revenue Run-Rate, October IPO Target https://investors.micron.com/news-releases/news-release-details/micron-and-anthropic-announce-strategic-agreement-scale-next  SpaceX Signs $6.3B Compute Deal With Reflection AI — $150M/Month July 2026 → End of 2029; NVIDIA GB300 + Colossus 2 Capacity; SpaceX Now Largest Commercial AI Infrastructure Provider With $80B+ Committed Compute Revenue Through 2029 https://finance.yahoo.com/technology/ai/articles/spacex-reportedly-grant-reflection-ai-162749237.html  The Sovereign AI Stack Lands — Japan's Sakana Ships Fugu + Fugu Ultra Multi-Agent System (June 22) That Beats Opus 4.8, GPT-5.5, and Gemini 3.1 Pro on 10 of 11 Benchmarks; Designed Around US Export-Control Risk; Completes the Three-Bloc Sovereign-AI Map With Mistral Compute (Europe) + DeepSeek $7.4B (China) https://www.datacamp.com/blog/sakana-fugu  The Flip Is the Era of Memory as a Commodity Over? FOR: Memory is now strategic AI infrastructure with multi-year supply lock-ins. The cycle dynamics that defined the last 30 years no longer apply. https://www.benzinga.com/markets/tech/26/06/60062500/micron-earnings-could-echo-nvidias-2023-moment-says-futurum-ceo  AGAINST: Memory is cyclical and priced for perfection. This print is either step change or top of the cycle, and the second one is more likely. https://www.cnbc.com/2026/06/25/apple-macbook-ipad-price-hike-memory.html Bulls & Bears NVIDIA (NVDA) $25B Bond Sale Anchors the AI Debt-Finance Boom — First Bond Offering Since 2021; Joins Alphabet $80B, Amazon $27.5B, Meta $30B, Oracle Stack; Dan: "Locking In Cheap Capital While It Can" https://finance.yahoo.com/technology/ai/articles/nvidia-record-us-25-billion-131039687.html  Apple (AAPL) Falls −5%+ Thursday June 25 on Confirmed MacBook + iPad Price Hikes — Tim Cook RAM "Unsustainable" Comment Lands as Real Price Action; Apple Hikes Erase Micron-Driven Tech Rally Mid-Session; Memory Beneficiaries (SanDisk, Micron) Surge; Analysts "Mostly Nonplussed" https://tickerspark.ai/market/apple-inc-aapl-drops-5-3-as-price-hikes-spook-investors-1782399950638  Micron (MU) Q3 FY26 ACTUALS — Largest Beat in Company History; Revenue $41.46B (+346% YoY) Crushes $35.69B Consensus; Non-GAAP EPS $25.11 (+1,215% YoY) Beats $20.49; Record 84.9% Gross Margin (Higher Than NVIDIA); Q4 Guide $50B Midpoint vs $43B Consensus; Stock +18-19% Overnight to $1,242 https://www.nasdaq.com/articles/nvda-who-micron-blows-doors-q3-earnings-revs  Cerebras Systems (CBRS) Q1 ACTUALS — First Earnings Post-IPO; Revenue $193.4M Nearly Doubled YoY; 2026 Guide $855-$865M Beats $824M; BUT Gross Margins Forecast 38-41% (Down From 45% Q1, Half of NVIDIA + Micron); Stock −20% AH on Margin Compression; Sets Up Inference-Tier Margin Debate https://investors.cerebras.ai/news-releases/news-release-details/cerebras-systems-announces-strong-first-quarter-2026-results  

Alvaro Bedoya — the former FTC Commissioner whom Trump fired in an unprecedented break with a century of agency-independence norms — joins the Chuck Toddcast to explain why his firing matters far beyond his own career, and what it reveals about the collision between corporate power and consumer protection in the Trump era. Bedoya makes the legal case plainly: removal "for cause" is clearly written into the law, Congress needs to codify FTC independence, and while he's skeptical this Supreme Court will rule in favor of agency independence, the circumstances of his dismissal are damning — he believes he was fired specifically for suing companies that happened to be Trump donors. The Amazon case is his exhibit A: the FTC was actively pursuing Amazon until Trump intervened, and after Amazon funneled millions to Trump, the investigations simply evaporated — proof, Bedoya argues, that existing laws against bribery and corruption clearly aren't working. He walks through the sprawling, well-funded lobbying effort against meaningful privacy legislation, and offers vivid examples of how unchecked data collection harms ordinary people. His prescription is structural: America needs genuine restrictions on what data can be collected and how it can be used, paired with serious antitrust enforcement — but the agencies tasked with that work have been starved of the resources they need. The conversation opens up into a fascinating, wide-ranging debate about monopoly power and consolidation across the American economy. Bedoya argues that streaming bills were already climbing even before the proposed Paramount-Warner Bros. Discovery merger — a deal he believes there's a clear consumer case to block. He notes that Thomas Jefferson once argued for an anti-monopoly amendment in the Bill of Rights, that consolidation has hammered workers across countless industries, and that America is now suffering a genuine "drought of creativity" because of relentless media mergers — pointing out that there are only three serious buyers of documentary films left, and that half of America's TV news archive is about to be owned by a single family. Bedoya is honest about the nuances (Costco throws its weight around but has genuinely been good for consumers; vertically integrated health insurers are universally loathed), wrestles with whether unilateral Democratic executive action is even the answer, and warns that in this environment it's dangerously easy for regulators to simply get overwhelmed. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Refresh your wardrobe with Quince. Go to https://Quince.com/chuck for free shipping on your order and 365-day returns. Timeline: (Timestamps may vary based on advertisements) 00:00 Alvaro Bedoya joins the Chuck ToddCast 02:00 Trump broke a long standing norm to fire Alvaro from the FTC 02:30 Congress needs to codify FTC independence 03:30 Firing “for cause” is very clearly written into the law 05:30 This Supreme Court unlikely to rule for agency independence 06:00 Was likely fired for suing companies that were Trump donors 06:45 You want consumers to be protected from political donors 08:30 FTC was pursuing case against Amazon until Trump intervened 10:00 Amazon funneled millions to Trump, investigations went away 10:30 Laws against bribery & corruption clearly aren’t working 12:30 How should government tackle consumer privacy protections? 13:15 There is a massive lobbying effort against privacy laws 14:30 Background actors were being scanned rather than being paid 15:30 Privacy can sometimes be an abstract concept to people 16:00 Labor unions are the group actually winning in this space 18:15 Need protections around privacy, data collection and antitrust 19:00 Need restrictions on collecting certain data and how it is used 20:30 Against law to use SEC database to solicit donations, not enforced 21:00 Agencies have been starved of resources needed for enforcement 23:15 Meta has grown massive and Zuckerberg retains total control 25:30 The debate about whether to break up the biggest companies 26:15 Breaking up AT&T benefitted consumers, ended long distance rates 27:00 T-Mobile merger should not have been allowed 28:00 Streaming bills going up even before Paramount WB merger 31:30 Jefferson argued for an amendment against monopolies in Bill of Rights 34:00 Consolidation has hurt workers in a variety of industries 34:45 Has there been a consolidation that’s been good for consumers? 37:15 Costco throws its weight around, but has been good for consumers 38:15 Health insurers are vertically integrated, and consumers loathe them 39:30 Iheart’s merger was allowed as an effort to preserve a “dying industry” 41:00 Paramount/WB only shot of catching Netflix/Disney is to merge? 42:15 Loading up the company with $80B in debt won’t produce a healthy firm 43:00 There are only 3 buyers of serious documentary films 44:15 Half of America’s TV news archive is about to be owned by one family 45:30 There are clear consumer cases for preventing the Paramount/WB merger 48:30 There’s been a cycle of innovation, then consolidation 50:00 We are suffering a drought of creativity due to mergers 52:15 There are antitrust exceptions for co-ops, can FTC encourage them? 54:15 Is unilateral Democratic executive branch action the answer here? 55:30 In this environment, it’s easy for regulators to get overwhelmed 56:15 The White House UFC fight was corrupt 59:00 Making the UFC event private at the WH was made it feel dirty 1:01:45 Favorite potential 2028 candidates? 1:03:45 Popular movements are effective pushing back against corporate powerSee omnystudio.com/listener for privacy information.

Chuck Todd opens with the Iran ceasefire collapsing as the U.S. and Iran trade strikes again — but the real story, he argues, is that the U.S. military just inadvertently revealed Trump was lying about the war all along. The targets American forces hit in this latest round were the very targets Trump claimed weeks ago had already been destroyed; either Iran somehow reconstituted its entire military in a single week, or the president lied to the country, and CENTCOM's own report makes clear which it was. He warns that lying about war is historically not a small thing for a president to survive, no matter how badly Trump wants to memory-hole the entire episode. He then turns to the escalating Democratic fight over taxing billionaires, taking a characteristically nuanced position: billionaires are genuinely undertaxed, but "tax the rich" doesn't work as actual policy the way it works as a slogan, the loopholes built into the code exist to avoid unintended consequences, and the changes to the inheritance "death tax" are responsible for an enormous share of current inequality. He assesses Zohran Mamdani taking a victory lap as the new face of the DSA (and increasingly comfortable as a face of the Democratic Party), praising him as a genuinely compelling performer and possible heir to the Bernie movement while questioning whether his story can travel beyond New York City. He closes with one of his favorite structural arguments — that the far-left and far-right are now feeding off each other's fear, that a faction doesn't need to capture the whole country, just one congressional caucus, and that the founders' actual protection against factions was supposed to be a multitude of them — which is exactly why the House was meant to scale with the population and why Congress's choice to freeze its size needs to be reversed. He also looks ahead at fascinating Colorado primaries. Then, Alvaro Bedoya — the former FTC Commissioner whom Trump fired in an unprecedented break with a century of agency-independence norms — joins the Chuck Toddcast to explain why his firing matters far beyond his own career, and what it reveals about the collision between corporate power and consumer protection in the Trump era. Bedoya makes the legal case plainly: removal "for cause" is clearly written into the law, Congress needs to codify FTC independence, and while he's skeptical this Supreme Court will rule in favor of agency independence, the circumstances of his dismissal are damning — he believes he was fired specifically for suing companies that happened to be Trump donors. The Amazon case is his exhibit A: the FTC was actively pursuing Amazon until Trump intervened, and after Amazon funneled millions to Trump, the investigations simply evaporated — proof, Bedoya argues, that existing laws against bribery and corruption clearly aren't working. He walks through the sprawling, well-funded lobbying effort against meaningful privacy legislation, and offers vivid examples of how unchecked data collection harms ordinary people. His prescription is structural: America needs genuine restrictions on what data can be collected and how it can be used, paired with serious antitrust enforcement — but the agencies tasked with that work have been starved of the resources they need. The conversation opens up into a fascinating, wide-ranging debate about monopoly power and consolidation across the American economy. Bedoya argues that streaming bills were already climbing even before the proposed Paramount-Warner Bros. Discovery merger — a deal he believes there's a clear consumer case to block. He notes that Thomas Jefferson once argued for an anti-monopoly amendment in the Bill of Rights, that consolidation has hammered workers across countless industries, and that America is now suffering a genuine "drought of creativity" because of relentless media mergers — pointing out that there are only three serious buyers of documentary films left, and that half of America's TV news archive is about to be owned by a single family. Bedoya is honest about the nuances (Costco throws its weight around but has genuinely been good for consumers; vertically integrated health insurers are universally loathed), wrestles with whether unilateral Democratic executive action is even the answer, and warns that in this environment it's dangerously easy for regulators to simply get overwhelmed. Finally, he hops into the ToddCast Time Machine to explain the origin of the name of the bikini swimsuit, and why America’s relationship with nuclear technology changed over time. He also answers listeners’ questions in the “Asl Chuck” segment. Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Refresh your wardrobe with Quince. Go to https://Quince.com/chuck for free shipping on your order and 365-day returns. From the opening whistle to the final kick. Bet on a match and get bonus bets for every goal scored at Fanduel.com Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 05:15 U.S. and Iran trade strikes again, ceasefire not holding 06:15 The U.S. military basically revealed Trump was lying about the war 06:45 Historically, voters don’t accept lies from presidents about war 07:30 The targets the U.S. hit were targets Trump said were already destroyed 08:30 Three weeks ago Trump said Iran had nothing… clearly it wasn’t true 09:15 Making the case that Trump is full of shit isn’t hard* 10:30 Either Iran reconstituted its military in a week, or Trump lied. 11:15 CENTCOM’s report shows that Trump lied to the country 13:15 Trump announced on his birthday that he had ended the war 14:00 Handing Iran billions of dollars is hardly the “surrender” Trump proclaimed 15:45 Lying about war is not a small thing for a president to do 17:15 Trump thought he could memory-hole the Iran war, Iran won’t let him 17:45 There’s a right way to tax billionaires, but it’s not currently being proposed 19:00 Billionaires are undertaxed, but tax policy doesn’t work as a slogan 19:45 Loopholes are built into the tax code to avoid unintended consequences 20:30 Reforms to the inheritance tax allow the wealthy to avoid taxation 21:45 Closing other loopholes could raise hundreds of billions 23:00 Taxing billionaires is fine, but you can’t mess up tax code in the process 24:30 The Newsom vs. Khanna fight - Both are making good points 25:00 A state level wealth tax could create a shortfall in the long term 25:45 The “death tax” change is responsible for much of the current inequality 26:30 “Fair share” polls well, but requires major changes to the tax code 27:30 Tax reform isn’t simple or quick, requires real work from congress 28:15 Mamdani takes a victory lap, wants to be face of the DSA movement 29:30 Mamdani is fine with being the face of the Democratic party 31:00 Mamdani is telling a compelling story, but can it go beyond NYC? 33:00 Mamdani had a weak defense of the Dan Goldman coffee incident 34:00 Mamdani is very good as a performer, could be heir to Bernie movement 35:45 The far-left and the far-right are feeding off of each other 36:30 Trump ramps up rhetoric against DSA, calls them “godless communists” 37:30 The DSA and Trump both working off the fear of each other 38:45 A faction doesn’t need to capture the country, just one caucus 39:30 The founders’ protection from factions, was a multitude of factions 41:30 The House of Representatives was supposed to scale with the country 43:15 Congress chose to stop letting the House grow, needs to change 46:45 The Colorado primaries will be fascinating 48:15 Michael Bennett has to carry the banner of being a D.C. creature 48:45 John Hickenlooper facing a viable challenge from the left 50:30 The DSA candidate for congress is ahead in the polls 56:45 Alvaro Bedoya joins the Chuck ToddCast 58:45 Trump broke a long standing norm to fire Alvaro from the FTC 59:15 Congress needs to codify FTC independence 1:00:15 Firing “for cause” is very clearly written into the law 1:02:15 This Supreme Court unlikely to rule for agency independence 1:02:45 Was likely fired for suing companies that were Trump donors 1:03:30 You want consumers to be protected from political donors 1:05:15 FTC was pursuing case against Amazon until Trump intervened 1:06:45 Amazon funneled millions to Trump, investigations went away 1:07:15 Laws against bribery & corruption clearly aren’t working 1:09:15 How should government tackle consumer privacy protections? 1:10:00 There is a massive lobbying effort against privacy laws 1:11:15 Background actors were being scanned rather than being paid 1:12:15 Privacy can sometimes be an abstract concept to people 1:12:45 Labor unions are the group actually winning in this space 1:15:00 Need protections around privacy, data collection and antitrust 1:15:45 Need restrictions on collecting certain data and how it is used 1:17:15 Against law to use SEC database to solicit donations, not enforced 1:17:45 Agencies have been starved of resources needed for enforcement 1:20:00 Meta has grown massive and Zuckerberg retains total control 1:22:15 The debate about whether to break up the biggest companies 1:23:00 Breaking up AT&T benefitted consumers, ended long distance rates 1:23:45 T-Mobile merger should not have been allowed 1:24:45 Streaming bills going up even before Paramount WB merger 1:28:15 Jefferson argued for an amendment against monopolies in Bill of Rights 1:30:45 Consolidation has hurt workers in a variety of industries 1:31:30 Has there been a consolidation that’s been good for consumers? 1:34:00 Costco throws its weight around, but has been good for consumers 1:35:00 Health insurers are vertically integrated, and consumers loathe them 1:36:15 Iheart’s merger was allowed as an effort to preserve a “dying industry” 1:37:45 Paramount/WB only shot of catching Netflix/Disney is to merge? 1:39:00 Loading up the company with $80B in debt won’t produce a healthy firm 1:39:45 There are only 3 buyers of serious documentary films 1:41:00 Half of America’s TV news archive is about to be owned by one family 1:42:15 There are clear consumer cases for preventing the Paramount/WB merger 1:45:15 There’s been a cycle of innovation, then consolidation 1:46:45 We are suffering a drought of creativity due to mergers 1:49:00 There are antitrust exceptions for co-ops, can FTC encourage them? 1:51:00 Is unilateral Democratic executive branch action the answer here? 1:52:15 In this environment, it’s easy for regulators to get overwhelmed 1:53:00 The White House UFC fight was corrupt 1:55:45 Making the UFC event private at the WH was made it feel dirty 1:58:30 Favorite potential 2028 candidates? 2:00:30 Popular movements are effective pushing back against corporate power 2:02:30 ToddCast Time Machine 2:03:30 July 1946 The bikini swimsuit named after atomic bomb test 2:06:00 Both fear and optimism rose about nuclear technology 2:06:45 We didn’t have an enemy yet with an atomic bomb 2:07:30 The atom wasn’t viewed just as a weapon, but as the future 2:09:00 We were exporting the atomic age and that seemed cool 2:09:30 The people on bikini atoll were being told to leave their homes 2:10:30 The vibe changed once the Soviets detonated their first bomb 2:11:30 Very few people know why the bikini swimsuit carries its name 2:13:00 Ask Chuck 2:13:15 Do you see somebody jumping into ‘28 presidential race prior to midterms? 2:18:30 What do you think happened in the meeting between Trump & senators? 2:26:30 Thoughts on college athletics eligibility changes? 2:29:30 Thoughts on straight-ticket voting? 2:31:30 Is the premise that moderate Democrats are more “electable” overstated? 2:39:00 Would reforms that redistribute power meaningfully improve our system? 2:41:00 Any go-to books on civics and the constitution?See omnystudio.com/listener for privacy information.

Welcome to The Daily Wrap Up, an in-depth investigatory show dedicated to bringing you the most relevant independent news, as we see it, from the last 24 hours (6/24/26). As always, take the information discussed in the video below and research it for yourself, and come to your own conclusions. Anyone telling you what the truth is, or claiming they have the answer, is likely leading you astray, for one reason or another. Stay Vigilant. !function(r,u,m,b,l,e){r._Rumble=b,r[b]||(r[b]=function(){(r[b]._=r[b]._||[]).push(arguments);if(r[b]._.length==1){l=u.createElement(m),e=u.getElementsByTagName(m)[0],l.async=1,l.src="https://rumble.com/embedJS/u2q643"+(arguments[1].video?'.'+arguments[1].video:'')+"/?url="+encodeURIComponent(location.href)+"&args="+encodeURIComponent(JSON.stringify([].slice.apply(arguments))),e.parentNode.insertBefore(l,e)}})}(window, document, "script", "Rumble");   Rumble("play", {"video":"v79levs","div":"rumble_v79levs"}); Source Links (In Chronological Order): The Israel Shaped Quantum Back Door & Trump's Iran Deal Predictably Spins Out (17) Aaron Rupar on X: "Q: You mentioned yesterday that the Interior Dept has video and photos. We reached out to them and they haven't shared it with us TRUMP: They will share it. They've arrested I think 6 people on the reflecting pool. So, the reflecting pool looks fantastic. Somebody went in with a https://t.co/tsIGNDlo2L" / X (21) Sal the Agorist on X: "Ya know, they wouldn't be able to defraud government programs if there weren't any government programs

June 23, 2026 - 6am: Iran is reportedly prepared to allow UN nuclear inspectors back into the country Pentagon looks to request an $80B supplemental request for Iran war costs Trump reflecting pool vandalism 'conspiracy' NY Primary preview: George Conway joins Morning Joe on his run for NY-12 Maggie Haberman and Johnathan Swan discuss the bombshell new book on Trump's second term, "Regime Change"   To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

June 23, 2026 - 5am:  Iran is reportedly prepared to allow UN nuclear inspectors back into the country Trump reflecting pool vandalism 'conspiracy' NY Primary preview Pentagon looks to request an $80B supplemental request for Iran war costs The House could meet today to vote on a bipartisan bill aimed at lowering housing costs   To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nearly every major index is at a record high — and everyone's asking the same question: is this the beginning of something great, or the end of something that's gone too far?This week on Money On Tap, Ben Brayshaw and Dan Michelon take that question apart with 75 years of market history, a few statistics that genuinely surprised them, and a clear look at what a record high means for you — whether you're decades from retirement or already drawing income.What you'll learn:The Fidelity data showing investing at an all-time high beats investing on a random dayWhy a record high is usually a signal of a healthy economy, not a topA walk through 1982, 1987, 1995–1999, 2000, 2009, and 2020Why today's AI market looks more like 1995 than the 2000 dot-com bubbleWhy timing the market is a loser's game — and why taking profits isn't fearSequence-of-returns risk — why the first years of retirement decide everythingBuffered ETFs — staying in the market with downside guardrailsAnnuities with lifetime income and long-term-care ridersPlus Money In The News:American financial literacy hits a 10-year low — U.S. adults answered just 47% of the TIAA Institute's 2026 questions correctly (Yahoo Finance, Kerry Hannon)America's data-center build-out falls behind schedule — Google's $80B equity raise and what it signals about AI's real cost (WSJ, Katherine Blunt)Exxon chief warns oil could spike to $160–$170 a barrel as strategic reserves run thin (Fox Business, Robert McGreevy)Mentioned on air: Our short sequence-of-returns risk video — watch it at brayshawfinancial.com.Read the companion blog: brayshawfinancial.com/blogSchedule a free consultation: app.greminders.com/t/9f3ce72e/initialconsultaFull Money On Tap episode library: brayshawfinancial.com/money-on-tapContact UsPhone: 855-226-8551Email: info@yourmoneyontap.comOffice: 116 South River Road, Bedford, NH 03110Web: brayshawfinancial.comWhat is the retirement red zone, and why does it matter? The retirement red zone is the roughly ten-year window covering the five years before and the five years after your retirement date. It matters more than almost any other period because of sequence-of-returns risk: a major market downturn while you're beginning to withdraw income can permanently damage the plan, even if the market later recovers. Two people who invest identically but retire a few years apart can end up with opposite outcomes based solely on timing. Navigating the red zone means shifting from maximizing gains to mitigating losses — stress-testing the plan, building a cash runway, rebalancing, diversifying, and adding guardrails like buffered ETFs and guaranteed income.

Charlie and Will break down the crash of Michael Saylor's STRC, IREN's massive 800MW deal in Australia, a critical Zcash soundness bug, Google's massive $80B equity raise for AI, and why Joe Wiesenthal calls this the coldest crypto winter ever. Janusz, former engineer at Electric Coin Company, joins us to talk about a potential Zcash soundness bug and the trade-offs of privacy versus auditability. Plus, Charlie and Will dive into Michael Saylor's STRC asset crash, IREN's massive 800MW data center agreement in Australia, Google's unprecedented $80B equity upsize for AI infrastructure, and why the Texas grid is moving away from the 4CP mechanism. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Saylor's STRC credit dropped 5% to $94. * IREN's total power pipeline exceeds 5GW. * Zcash Orchard pool holds 4.5M locked tokens. Timestamps: 00:00 Start 02:07 STRC down bad 05:03 IREN back to the AUS 13:37 Zcash bug with Janusz 28:20 Google upsizes deal 31:50 Jeff Park tweet 41:15 Joe Weisenthal thread 46:56 ERCOT & 4CP Check out our latest report, “What's a Megawatt Worth?” where we quantify the trillion dollar opportunity for bitcoin miners venturing into the AI sector. Download here: https://megawattreport.com/ Subscribe to our newsletter to receive updates for all of our shows and content: https://newsletter.blockspacemedia.com

Anthropic confidentially filed for an IPO that could come as soon as this fall, joining SpaceX and OpenAI in a $4T listing parade. Anthropic expands Mythos access to 15+ countries, Alphabet raises $80B for AI spending, and mathematicians publish a warning declaration on AI. Anthropic says it has confidentially filed for an IPO, which could happen as soon as this fall, joining OpenAI and SpaceX in preparing to go public in 2026 (NYT) Anthropic says it will extend Project Glasswing to organizations in 15+ countries, sources say giving Mythos access to Five Eyes, NATO, Samsung, SK, and others (FT) Alphabet is raising $80B through equity offerings, including a $10B investment deal with Berkshire, to fund AI spending, in one of the largest equity deals ever (Bloomberg) Sixteen mathematicians publish the Leiden Declaration on AI and Mathematics to warn of potential threats to the field, such as around accuracy and reliability (NYT) Learn more about your ad choices. Visit megaphone.fm/adchoices

California primary today. Will Russia stop at Ukraine? Nancy Guthrie is still missing? Axios piece on Trump - Netanyahu call is false. TV Theme Song: Women in Prison. Google announced an $80B capital raise to fund its AI infrastructure buildoutSee omnystudio.com/listener for privacy information.

NJ ICE protestors likely paid. Who leaked the Trump - Netanyahu phone call to Axios? DOJ to cancel $1.776B Anti-Weaponization Fund after fierce blowback from GOP in Congress. Caitlin Clark: “Stephanie White Has My Back, I Ride With Her” Left raging over "Nuclear Family Month" declaration by Governor Mike Braun. Why not get angry over the violence in Indianapolis? Optimism about the Bears coming to Indiana. Today’s Popcorn Moment: Hakeem Jeffries: ‘Not a Single Person Who We Spoke with Yesterday at Delaney Hall Was a Violent Felon’. Kellyanne: They made us disclaim David Duke. I want every single Democrat to step away from Platner. Today on the Marketplace: Living the Trading Places life. Senator Banks: Ryan Mears is a prosecutor gone rogue California primary today. Will Russia stop at Ukraine? Nancy Guthrie is still missing? Axios piece on Trump - Netanyahu call is false. TV Theme Song: Women in Prison. Google announced an $80B capital raise to fund its AI infrastructure buildoutSee omnystudio.com/listener for privacy information.

Hour 1 Segment 1 Tony starts the first hour of the show talking about if the anti-ICE agitators in New Jersey are paid. Hour 1 Segment 2 Tony talks about FIFA World Cup soccer scams beginning. Tony also talks about the rise of Ebola. Hour 1 Segment 3 Tony talks about primary elections going on in multiple states, including the governor race in California. Hour 1 Segment 4 Tony wraps up the first hour of the show talking about Google seeking #80B for an AI buildout as Berkshire will buy a $10B stake. See omnystudio.com/listener for privacy information.

Hour 1 Segment 1 Tony starts the first hour of the show talking about if the anti-ICE agitators in New Jersey are paid. Hour 1 Segment 2 Tony talks about FIFA World Cup soccer scams beginning. Tony also talks about the rise of Ebola. Hour 1 Segment 3 Tony talks about primary elections going on in multiple states, including the governor race in California. Hour 1 Segment 4 Tony wraps up the first hour of the show talking about Google seeking #80B for an AI buildout as Berkshire will buy a $10B stake. Hour 2 Segment 1 Tony starts the second hour of the show talking about how the Democrats are all in on Graham Platner. Hour 2 Segment 2 Tony plays the latest White House press briefing from Dr. Mehmet Oz. Hour 2 Segment 3 Tony continues to play the latest White House press briefing from Dr. Oz. Hour 2 Segment 4 Tony wraps up the second hour of the show talking about Jill Biden going on The View as she continues to talk about her worries on Joe Biden when he fumbled the 2024 presidential debate. Hour 3 Segment 1 Tony starts the final hour of the show talking more about if the anti-ICE agitators in New Jersey are paid. Hour 3 Segment 2 Tony plays the Marco Rubio hearing from earlier today. Hour 3 Segment 3 Tony talks about musical artists backing out of a Freedom 250 music festival. Hour 3 Segment 4 Tony wraps up another edition of the show talking more about Iran ending peace talks with the U.S. because of Israel. See omnystudio.com/listener for privacy information.

Group Chat News is back with the hottest news of the week including: - Meta cuts 8,000 jobs as Zuck pivots the company hard toward AI - Andrej Karpathy joins Anthropic and what it signals about the AI race - SpaceX IPO drops June 12 — and what Peter Thiel walking away with $80B means - Anthropic, OpenAI and the SPV chaos behind the next round of mega rounds - San Francisco's "AI depression" vs LA's quality-of-life money culture - Jeff Bezos on CNBC pushing for no income tax  - America's #1 pizza chain  - Las Vegas struggles for the middle class as $200 all-inclusive packages return - USA vs Paraguay Club World Cup tickets are dropping  -Plus much more!   Drop us a review and a 5-star rating if you're rocking with the show.    

SpaceX filed publicly for its IPO on Nasdaq, revealing $18.7B in 2025 revenue, billions in losses, and Musk's 85.1% voting control. Anthropic pays SpaceX $1.25B per month for compute. Nvidia beat estimates again, Spotify launches Reserved ticketing, and Waymo suspends service over flooding. SpaceX files publicly for its IPO, choosing Nasdaq to make its debut under the symbol SPCX; Elon Musk's shares give him 85.1% of the voting power in the company (Bloomberg) SpaceX's S-1 reveals Anthropic is paying $1.25B per month through May 2029 under their Colossus compute deal, with a 90-day termination clause (The Verge) Spotify partners with Live Nation to launch Reserved, a new feature that sets aside tickets for the most dedicated fans, starting with Premium users in the US (Hollywood Reporter) Spotify debuts a desktop app for creating personal podcasts, competing with Google's NotebookLM, with support for daily briefings based on email and calendar (TechCrunch) Nvidia reports Q1 revenue up 85% YoY to $81.62B, above $78.86B est., Data Center revenue up 92% YoY to $75.2B, and announces an $80B share repurchase program (Nvidia) Waymo suspends operations in Atlanta and San Antonio as its robotaxis struggle with flooded roads and says it has yet to develop a "final remedy" for flooding (TechCrunch) Learn more about your ad choices. Visit megaphone.fm/adchoices

A first on CNBC interview with Nvidia CEO Jensen Huang. How he's thinking about everything from sales in China, the company's $80B buyback, to the feasibility of data centers in space. Then, early SpaceX and xAI investor Peter Diamandis breaks down the bull case for SpaceX ahead of what is projected to be the largest IPO in history. And the U.S. government with plans to take stakes in several quantum companies, including Infleqtion, its CEO joins the show with the details.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

NVIDIA reports earnings after the bell as investors watch to see if the AI leader can sustain the semiconductor rally with expected $80B+ revenue. Chuck Zodda and Paul Lane break down the numbers, 10x growth in three years, China sales, and what's next for chip stocks.They also cover:10-year Treasury yields climbing to 4.62%+ on rising inflation expectationsTarget's strong sales beat but 7% stock drop on weak online growthLowe's results and ongoing housing market challengesLive market snapshotPlus, estate planning expert Todd Lutsky joins for Ask Todd, sharing key insights on trustees, beneficiaries, funding trusts, and what to do when you lose a spouse. 

OpenAI debuted personal finance tools via Plaid for Pro users. AI startups generate ~$80B in annualized revenue, with Anthropic and OpenAI capturing 89%. ArXiv cracks down on AI slop, Apple's Siri relaunch may still be a beta, and SF vibes are frenetic. OpenAI debuts personal finance tools for US ChatGPT Pro users, partnering with Plaid to give access to 12K+ financial institutions to analyze spending and more (TechCrunch) Analysis: 34 leading AI startups are generating ~$80B in annualized revenue, up 112% from six months ago, with Anthropic and OpenAI capturing 89% of the revenue (The Information) ArXiv, the repository of preprint academic research, says it will ban authors for a year if their papers have "incontrovertible evidence" of AI-generated work (404 Media) Sources: Apple's revamped Siri may launch in beta, and will have an option to auto-delete chats; Apple plans to add Suggested Genmoji to iOS 27 and iPadOS 27 (Bloomberg) A college senior at Stanford describes how AI has changed classes: cheating using AI "has become omnipresent" with students "fudging just about everything" (NYT) SF vibes are frenetic over the huge divide in outcomes and career uncertainty for software engineers; over 5 years ~10K people in AI attained retirement wealth (X / @deedydas) Learn more about your ad choices. Visit megaphone.fm/adchoices

Bob's Movie Club has your next assignment! ‘There's Something About Mary' starring Ben Stiller and Cameron Diaz is on Netflix! Ted Turner, the “godfather” of 24-hour cable news has passed away at 87. Matty is hyping up a bison sandwich. Would you try it? Chonkers the seal is stealing Bay Area hearts. Hayley Williams is in town this weekend!! Elon Musk says it will cost $80B to put life on Mars. A newspaper clipping from 1954 is going viral because of its reference to teen slang. Bob thinks we should bring some of these back.

Hour 1: Bob's Movie Club has your next assignment! ‘There's Something About Mary' starring Ben Stiller and Cameron Diaz is on Netflix! Ted Turner, the “godfather” of 24-hour cable news has passed away at 87. Matty is hyping up a bison sandwich. Would you try it? Chonkers the seal is stealing Bay Area hearts. Hayley Williams is in town this weekend!! Elon Musk says it will cost $80B to put life on Mars. A newspaper clipping from 1954 is going viral because of its reference to teen slang. Bob thinks we should bring some of these back. Hour 2: GenZ isn't afraid to cancel a subscription. Meanwhile Matty is still paying for a gym membership in Los Angeles. Sting says one of the worst things you can tell a kid is “you don't have to work.” The Hantavirus cruise chip situation is not getting any better. Pope Leo doesn't get special treatment at his bank. The Chipotle CEO says you can just “ask for more!” Hour 3: Kesha is moving to San Francisco! Sarah and Vinnie are on board with whatever Kesha wants - even her one-eyed kink! ‘Elle' is the prequel to Legally Blonde, and Sarah knows one of the leads! Vinnie is really into Daniel Lurie's social media, and he's telling us about the new RESET Center. The Mountain View water crisis has good news. Women are debating: Is it okay for adults to play video games? Hour 4: Send us your problems! Badadvice973@gmail.com. Remember when Olivia Rodrigo had to give Hayley Williams writing credit? Travis Kelce “can't wait” for his wedding. Sabrina Carpenter and Stevie Nicks sang at The Met Gala. Is gambling better or worse than video games? Apple will pay iPhone buyers $250 million for hyping non-existent AI. Societal norms that people are ditching in 2026. Forget a wedding, buy a house! Plus, How Old Is That Guy?

It’s a pivotal year for RNA therapeutics pioneer Ionis Pharmaceuticals. After transitioning from a partnering model to a full-ownership strategy following the 2024 approval of Tryngolza, the company is expecting an FDA decision to expand the drug into severe hypertriglyceridemia as its first non-rare-disease indication for a wholly owned product. Meanwhile, potentially game-changing phase 3 readouts are expected from Ionis’ Novartis-partnered lipoprotein(a) candidate and AstraZeneca-partnered ATTR cardiomyopathy program. In this week’s episode of "The Top Line," Fierce’s Angus Liu interviews Ionis CEO Brett Monia, Ph.D. He discusses the science of antisense oligonucleotides, the significance of the two closely watched upcoming clinical readouts, and what it takes to turn a 30-year-old discovery platform into a full-fledged commercial biotech. To learn more about the topics in this episode: Ionis slashes Tryngolza's price tag by 93% ahead of anticipated label expansion 'It’s going to be huge': The 'diabolical' molecule poised to become biotech's next gold rush AstraZeneca sets sights on 25+ blockbusters by 2030 to fuel $80B revenue ambition As questions swirl around ATTR competition, Alnylam plots path to market leadership for Amvuttra Ionis exec shares method to the Madness after 2026 Drug Name Tournament win Ionis plots FDA filing after rare neurological disease candidate posts phase 3 win See omnystudio.com/listener for privacy information.

️ The Baller Lifestyle Podcast – Episode 614 Hosts: Brian Beckner & Ed Daly Episode Description Brian and Ed are back with a loaded episode covering viral internet chaos, celebrity deaths, bizarre news stories, sports takes, and their signature unfiltered commentary. From the absurdity of the Afro Man police lawsuit to Chuck Norris' hairpiece hypotheticals, nothing is off-limits. They also dive into OnlyFans money, Dave Grohl's therapy schedule, Tom Brady's bizarre tribute timing, and why the metaverse was a massive waste of $80 billion. Plus, listener voicemails, Moneyball debates, and the usual mix of sports and cultural nonsense. ️ Timestamps Opening & Housekeeping 00:00 – Intro, welcome back, Patreon plug02:00 – Bonus content preview (Dave Grohl therapy, fitness routine episode) Afro Man Lawsuit & Viral Moment 04:30 – Afro Man vs. Ohio cops recap07:30 – Viral courtroom clips & “Did Afro Man sleep with your wife?”10:30 – Lemon Pound Cake song & cultural explosion13:30 – Why this felt like a rare “win” story Pound Cake Tangent 16:00 – Office food paranoia & trashing baked goods18:30 – The irresistible power of pound cake ️ Celebrity Deaths Segment (“Who Died?”) 20:30 – OnlyFans owner Leo Radvinsky (43)24:00 – Chuck Norris death discussion + legendary hairpiece debate31:00 – Robert Mueller reaction33:30 – Pro wrestler “Loverboy” Dennis Condrey35:30 – Boston singer Tommy DeCarlo37:30 – Buffy actor Nicholas Brendon39:30 – NYC news legend Ernie Anastos nostalgia44:00 – Eminem DJ Lord Sear45:30 – Back to the Future III bartender actor46:30 – Happy Gilmore actress Carrie Ann Fleming47:30 – House fire tragedy (Jesse Pierce)49:00 – Hiking deaths & “Devil's Backbone” dangers52:00 – Motörhead guitarist Phil Campbell Sports Segment 54:30 – Cam Skattebo: “CTE and asthma are fake”57:30 – Chappell Roan controversy & bodyguard incident1:02:30 – Celebrity culture & security behavior1:05:00 – John Cena Make-A-Wish story1:07:00 – USA baseball team medal controversy1:09:00 – Tom Brady mistakenly eulogizing Tim McCarver1:12:00 – NFL player uses ChatGPT after girlfriend's death Listener Voicemails & Emails 1:14:30 – David calls in (package finally shipped)1:17:00 – Moneyball discussion (book vs. movie)1:20:30 – Marines & “ugly girlfriend = no confidence” debate1:23:30 – Opening Day baseball complaint email Patreon Tease / Transition 1:26:00 – Patreon plug & wrap for free listeners Patreon Segment Preview Dave Grohl & Infidelity 1:27:30 – Grohl going to therapy 6 days a week1:30:00 – Overanalyzing celebrity relationships Tech, AI & Culture 1:32:30 – OpenAI / Sam Altman rant1:36:00 – Darren Lee & ChatGPT crime angle Wild News Stories 1:38:30 – Man decapitates seagull over french fry1:42:00 – Seagull chaos & childhood bird trauma The Metaverse Collapse 1:44:30 – $80B failure breakdown Morrissey Being Morrissey 1:47:00 – Cancelling shows for being “too cold” Internet & Society 1:49:00 – Anti-masturbation app data leak1:51:00 – Florida cousin marriage law fails Key Topics Afro Man vs police lawsuit fallout Chuck Norris legacy (and hairpiece mystery) Celebrity deaths roundup Sports stupidity & viral moments Tech billionaires & AI criticism Metaverse failure Wild news stories & listener calls Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Sign up for Practi, a new platform that helps law firms use subscription billing.Here are the top 5 takeaways from this episode:1. The Billable Hour Will Decline Within 5 Years. AI automation will eliminate at least 30% of associate hours with certainty - work like document review, diligence, and drafting that AI already handles well. The billable hour model is fundamentally incompatible with AI-driven efficiency gains, forcing law firms to transition to alternative pricing models.2. Law Firms Must Invest in R&D Now. Most law firms operate on a cash basis optimized for profit-taking, with no budget for research and development. To survive the AI transformation, firms need to adopt a “Netflix mindset” - building infrastructure for a future that doesn't exist yet rather than over-indexing on immediate ROI. The return on investment during this transition period is learning.3. The Law Firm Partnership Model Must Evolve. To compete in an AI-enabled future, law firms will need as many (or more) non-lawyers than lawyers - data scientists, AI engineers, QA specialists, and change managers. The current partnership model can't attract and retain this talent through stock options or proper governance structures, necessitating a shift toward C-corp structures with outside capital.4. Subscription Models Are the Future of Legal Pricing. When AI eliminates the ability to bill for time savings, subscription-based pricing becomes the logical alternative. Lawyers who aren't billing by the hour are immediately incentivized to invest in efficiency tools and automation, creating a competitive advantage as the profession transforms.5. Legal AI Companies Will Displace Law Firm Revenue. Companies like Harvey and Legora need to displace significant law firm revenue for their valuations to make sense - Harvey's $8B valuation requires an eventual $80B outcome. They're already selling directly to law firm clients, positioning themselves to deliver legal services rather than just legal technology, fundamentally disrupting the traditional law firm model.__________________________Want your question to be answered on a future show? Fill out this short survey.Check out Infodash.Sign up for Paxton, my all-in-one AI legal assistant, helping me with legal research, analysis, drafting, and enhancing existing legal work product.Get Connected with SixFifty⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, a business and employment legal document automation tool.Sign up for ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Gavel⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, an automation platform for law firms.Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Law Subscribed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to subscribe to the weekly newsletter to listen from your web browser.Prefer monthly updates? Sign up for the Law Subscribed Monthly Digest on LinkedIn.Check out ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Mathew Kerbis'⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ law firm ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscription Attorney LLC⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.Want to use the subscription model for your law firm? Click here to sign up for a new platform that helps law firms use subscription billing. Get full access to Law Subscribed at www.lawsubscribed.com/subscribe

Welcome back to the Alt Goes Mainstream podcast.Today's episode brings infrastructure investing to life — literally.We sat down in and walked through one of Stonepeak's data center assets with Managing Director and CEO of SP+ INFRA, Cyrus Gentry.Cyrus has played an integral role in Stonepeak's rapid ascent as a firm and the growth of its wealth solutions business, Stonepeak+, joining early in the firm's history and helping the firm grow to approximately $80B in AUM.Cyrus brings a private equity perspective to infrastructure investing. Prior to Stonepeak, he held investing roles at BC Partners and Advent International. He also serves as one of the Church Commissioners for the Church of England, who hold responsibility for managing the Church's £11.1B permanent endowment fund.Cyrus and I had a fascinating and thought-provoking discussion about infrastructure investing and why and how it can fit within a wealth client's portfolio. We covered:How Cyrus' background in private equity investing has transferred over to investing in infrastructure.The opportunity and risks of data center investing.The risk of overbuilding in data centers.Why location matters for data centers.What makes interconnection data centers attractive data center assets.How Cyrus and Stonepeak have built their wealth solutions business and how they've endeavored to be different in how they've built out the business.How Stonepeak's wealth business is a reflection of the firm's DNA.Thanks Cyrus for coming on the show to share your expertise, wisdom, and passion for infrastructure investing and working with the wealth channel.Show Notes00:00 Introduction and Sponsor Message01:57 Welcome to the Alt Goes Mainstream Podcast02:04 Introducing Cyrus Gentry and Stonepeak00:00 Introduction and Sponsor Message03:25 Cyrus's Journey from Private Equity to Infrastructure04:56 Understanding Infrastructure Investing06:10 The Importance of Moats in Infrastructure06:57 Differences Between Private Equity and Infrastructure07:38 Stonepeak's Growth and Strategy09:06 Specialization in Infrastructure Investment09:54 Balancing Long-Term Horizons with Industry Changes11:15 The Role of Data Centers in Modern Life14:43 Investment Perspectives on Connectivity15:55 Challenges in Infrastructure Investing17:10 Executing Value Creation Plans19:06 Structured Capital in Infrastructure Deals21:17 Trends and Scale in Infrastructure Investment22:43 Patience and Discipline in Investment23:34 Global Expansion and Strategy Diversification24:09 Collaborative Approach with Corporates24:42 Capital and Problem Solving25:02 Building Stonepeak Wealth Solutions25:30 Infrastructure Asset Class Benefits25:47 Strategic Planning and Vision26:05 Creation of Stonepeak-Plus26:15 Early Discussions on Wealth Business27:32 Team Dynamics and Entrepreneurial DNA27:59 Understanding the Wealth Market28:56 Educating Investors on Infrastructure29:50 Allocating Infrastructure in Portfolios30:07 Global Perspectives on Infrastructure32:18 Learning from Institutional Investors33:19 Common Questions from Wealth Channel34:02 Mega Trends and Investment Strategies34:46 Core, Core Plus, and Value Add Assets36:12 AI and Data Centers40:20 Power and Energy in Data Centers42:34 Local and Global Investment Strategies44:12 Geopolitical Risks and Infrastructure46:36 Lessons Learned and Future OutlookEditing and post-production work for this episode was provided by The Podcast Consultant.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.

In this episode of The Metrics Brothers, hosts Ray “Growth” Rike and Dave “CAC” Kellogg provide a critical deep dive into the 2025 SaaS Benchmark Report published by High Alpha. Known for their analytical, and sometimes "crusty" approach, the metrics brothers dissect the data behind 800+ SaaS companies to separate real market trends from report commentary.Key Highlights & BenchmarksThe brothers break down the report's most significant findings with their signature skepticism regarding "correlation vs. causation."The AI Growth Premium: Companies with AI at their core are growing significantly faster than those using AI as a supporting feature. For instance, in the $1–5M ARR band, AI-core companies achieved a median growth of 110%, compared to 40% for their peersThe "Lean Team" Era: Efficiency is surging as headcount falls. Median revenue per employee has jumped to $129K–$173K, with top-tier public companies hitting over $283K. The hosts note that engineering and support have seen the largest headcount reductions due to AI automationVenture Rebound (with a Caveat): While quarterly VC deal value has returned to near 2021 levels (~$80B), the capital is highly concentrated. Over half of all VC funding is currently flowing into AI startups, often in massive "mega-rounds."In-Office vs. Remote: For the second consecutive year, the data suggests that in-office or hybrid teams are growing faster (42% median) than fully remote teams (31% median).As always, Ray and Dave offer practical advice for founders and GTM leaders:"Read the data, but watch out for the commentary." While the data is good, some commentary and conclusions in the report imply causation where there is at best some level of correlation, such as why companies stay private longer or how AI "drives" growth.Retention is King: The strongest growth outcomes are found where high Net Revenue Retention (NRR) meets short CAC payback periods.Outcome-Based Pricing: The brothers highlight the shift toward outcome-based and hybrid pricing models as a primary driver for best-in-class NRR in 2025.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Solar Dominates 2025 Energy Additions; Nuclear Sees Major Expansion Welcome to our weekly Renewable Energy Briefing! Stay informed on the latest industry trends.  Episode #38 Briefing Highlights: -U.S. government and Westinghouse in $80 billion deal for new nuclear power  -Global Infrastructure Partners (GIP) in a massive deal to acquire utility giant AES  -New federal report shows solar made up almost three-quarters of all new power in 2025 (19GW) -Federal government cancels $7 billion for low-income solar; over 20 states are now suing Solar continues its dominance in 2025, accounting for 19 GW of the 26 GW of new U.S. energy capacity added this year. Meanwhile, the nuclear renaissance accelerates as the U.S. government and Westinghouse announce an $80B deal that reshapes the future of baseload power. Benoy and David break down the biggest transactions—including GIP's acquisition of AES—and the implications of federal policy changes, such as the Trump administration canceling $7B in solar grants aimed at low-income communities. Get the clean energy insights you need in five minutes. Join us for a comprehensive analysis that combines expert commentary with up-to-the-minute news, offering you a strategic overview of the renewable energy market. Don't miss out on the crucial details that can impact your investment decisions. Tune in weekly for your essential dose of Renewable Energy insights! Host Bio: Benoy Thanjan Benoy Thanjan is the Founder and CEO of Reneu Energy, solar developer and consulting firm, and a strategic advisor to multiple cleantech startups. Over his career, Benoy has developed over 100 MWs of solar projects across the U.S., helped launch the first residential solar tax equity funds at Tesla, and brokered $45 million in Renewable Energy Credits (“REC”) transactions.   Prior to founding Reneu Energy, Benoy was the Environmental Commodities Trader in Tesla's Project Finance Group, where he managed one of the largest environmental  commodities portfolios. He originated REC trades and co-developed a monetization and hedging strategy with senior leadership to enter the East Coast market.   As Vice President at Vanguard Energy Partners, Benoy crafted project finance solutions for commercial-scale solar portfolios. His role at Ridgewood Renewable Power, a private equity fund with 125 MWs of U.S. renewable assets, involved evaluating investment opportunities and maximizing returns. He also played a key role in the sale of the firm's renewable portfolio.   Earlier in his career, Benoy worked in Energy Structured Finance at Deloitte & Touche and Financial Advisory Services at Ernst & Young, following an internship on the trading floor at D.E. Shaw & Co., a multi billion dollar hedge fund.   Benoy holds an MBA in Finance from Rutgers University and a BS in Finance and Economics from NYU Stern, where he was an Alumni Scholar. Connect with Benoy on LinkedIn: https://www.linkedin.com/in/benoythanjan/ Learn more: https://reneuenergy.com https://www.solarmaverickpodcast.com     Host Bio: David Magid David Magid is a seasoned renewable energy executive with deep expertise in solar development, financing, and operations. He has worked across the clean energy value chain, leading teams that deliver distributed generation and community solar projects. David is widely recognized for his strategic insights on interconnection, market economics, and policy trends shaping the U.S. solar industry. Connect with David on LinkedIn: https://www.linkedin.com/in/davidmagid/   If you have any questions or comments, you can email us at info@reneuenergy.com.  

US equities finished mostly higher in Tuesday trading, though came off best levels into the close. There were more headlines about easing US-China trade tensions as the market gets more comfortable with the escalate to de-escalate narrative. There was more strategic M&A today following more than $80B dollars in announced deals on Monday.

Summary del Show: • Wall Street sube mientras los inversionistas celebran resultados corporativos y esperan la Fed. • $PYPL salta 15% tras integrarse con ChatGPT de OpenAI y elevar su guía anual. • $CCJ y $BAM anuncian un acuerdo nuclear de $80B con el gobierno de EE.UU. • $UBER invierte en las próximas IPOs de conducción autónoma de $PONY y $WRD.

Shai Wyborski is one of the three co-authors of the GHOSTDAG paper, and a man who takes pride in his independent thinking and divergent approach to research. As a PhD in quantum cryptography, he's got lots of knowledge to share. But by virtue of his involvement in Bitcoin and Kaspa, he's got stories to tell too. What does the future of Proof of Work look like? Let's find out! Time stamps: 00:01:09 - Welcoming Shai Wyborski 00:01:28 - Dig into GhostDAG; most interesting PoW scaling tech. 00:04:44 - Shai's BTC opinions over time 00:05:21 - How Shai spent BTC on "creativity fuel" (undisclosed). 00:06:31 - Disenchantment: Steam drops BTC (congestion/volatility); SegWit "tyranny" births BCH. 00:10:47 - Rejects SoV; BTC as "decentralized vault" for eternal data archiving. 00:15:44 - BTC probs: Low TPS; LN fails. 00:16:15 - Kaspa suite: Beyond TPS/confirmations. 00:16:59 - Tradeoff: High throughput → no audit; pruning for 10-30yr trust. 00:18:40 - GhostDAG multi-ledger: Parallel processing, flexible tx order. 00:19:45 - Miners: Partial info cuts selfish mining/MEV. 00:20:42 - Enables auctions/oracles (Elliot Mabe block-voting). 00:21:40 - Debunks PoW myths: BTC artifacts (congestion for fees). 00:22:15 - Kaspa: Paradigm shift proof; lessons from protocols. 00:23:24 - Flaw: Fast emission + fair launch = whale buyout. 00:23:49 - Fair ≠ community; coercion w/o social contract. 00:25:10 - Whales fund → control; monetary world nature. 00:27:46 - Balance: Incentives, explicit contracts. 00:30:31 - Mining phases: CPU/GPU/ASIC stages; ultra-ASIC decen lock. 00:32:22 - ASIC-friendly: Cheap/low-power scale. 00:32:47 - Emission: Heavy early; ASICs 80-90% pre-retail. 00:34:29 - Full supply lifetime; tail short?00:35:28 - BTC emission extend 2-4x for social good. 00:37:27 - Kaspa whales: 3 hold 6% ($100M), foundation collusion. 00:38:27 - Kaspa emission: 60% in 1.5yrs emulates BTC adjusted for fast adoption. 00:41:16 - Guitar jam & sponsors.SideShift.ai: KYC-free swaps. NoOnes.com: P2P global south, "lions" mission. Bitcoin.com News: global views. LayerTwo Labs: Drivechains, ETH/Zcash sides. 00:46:49 - Kaspa drivechain?; WBTC custody risks. 00:48:33 - Citrea: ZK-rollup BTC DeFi. 00:49:27 - Alts: Quai grant, Kadena parallels. 00:50:47 - Parallel sec dilution. 00:52:03 - Quai: Selfish mining fixes, Monero 28% vuln. 00:53:01 - Monero RandomX ASIC-hostility. 00:54:02 - PoW specialized non-wasteful. 01:00:00 - Myths: Scalable, non-congested, decentralization. 01:15:00 - Casino stifles ingenuity; hype vs depth (IOTA rush). 01:30:00 - Funding: Retail quick vs VC long (Mobileye 20yr $80B). 01:45:00 - Game theory: Mechanism design incentives. 02:00:00 - Kaspa risks: Whale control, docs issues. 07:00:00 - Music: Beatles Sgt. Pepper post-Pet Sounds. 07:15:00 - McCartney bass; prog Floyd/Crimson.07:30:00 - Pet Sounds "God Only Knows" acapella. 07:43:02 - Pop→exp; Helter Skelter metal. 07:45:36 - Metal thrash/extreme; stoner Pantheon I. 07:47:41 - HS Pantera/prog/funk.07:49:51 - Concerts: Aristocrats, AC/DC; Dylan regret. 07:52:39 - Misses: Jethro Tull/Motörhead; Bon Jovi meh. 07:55:16 - Grunge: Nirvana In Utero, Soundgarden. 07:58:11 - Smashing Pumpkins trilogy; Corgan drama. 08:00:00 - Timeless tees; Doors sloppy; Zep Moby Dick. 08:02:40 - Zappa Inca Roads/Stink-Foot. 08:07:19 - AI scans/drones; govt bans. 08:12:08 - Radical: Vault, SoV, ultra-ASIC. 08:14:02 - PoW scalable/non-wasteful.08:15:00 - Fair vs community; casino timing punish. 08:17:40 - Narratives over fundamentals; retail vs VC. 08:21:07 - Record 8h21m+; ramble praise. 08:21:50 - Q&A: Kaspa 10yr alive, adapt. 08:22:24 - Beatles Kaspa? Pruning no. 08:23:44 - Game theory mechanism design. 08:26:09 - Work: Consulting, patents, Tectonic quantum.08:29:23 - Quai edu grant, freelance. 08:31:17 - KAS +3% pump; past dumps. 08:31:58 - Quai minor pump; negative effects. 08:33:34 - First interview 0.15→0.5¢; 13 KAS dons. 08:34:21 - Jam: Theme rock, lag. 08:38:07 8h39m record! Sponsors recap. 08:40:00 - Next interview with Val Venis on Monero/WWF; banter.

Welcome back to the Alt Goes Mainstream podcast.Today's episode is with two executives who have helped to build one of the industry's leading alternative asset managers.In Permira Part 2, Brian Ruder joins his Co-Managing Partner and Co-CEO Dipan Patel in Permira's London office to discuss the firm's evolution and how the business has grown to over €80B in AUM.Both Brian and Dipan bring deep backgrounds in private equity investing to bear as they now lead the firm through its next phase of growth.Brian joined Permira in 2008 after working as a Partner at Francisco Partners. He's Co-Managing Partner and Co-CEO of Permira, also serving on the firm's Executive Committee and the buyout funds' Investment Committee. He was instrumental in building the firm's Technology sector team, which he co-led until 2023 where he worked on a number of the firm's notable transactions, including Ancestry, Genesys, Informatica, LegalZoom, Magento, McAfee, Relativity, Zendesk, and more.Dipan joined Permira from Gores Group and is Co-Managing Partner and Co-CEO of the firm. He serves on Permira Holdings Limited Board and Permira's Investment Committee and Executive Committee. He's focused on technology and services investing, working on deals such as Renaissance Learning, Informatica, Axiom, Adevinta, AllTrails, Ancestry, LegalZoom, and more.Brian, Dipan, and I had a thought-provoking conversation about what it takes to build and run a scaled alternative asset manager and how to differentiate a firm and a culture. We discussed:How the firm's beginnings have shaped the culture that has been built and how that culture has permeated how they make investment decisions, work with companies, founders, and LPs.The benefits and challenges of the collaborative leadership model.How would an LP underwrite Permira's culture?How the firm's European heritage helps as an investor.The opportunity set in Europe.The investment culture at Permira and how its structure and set up helps investment processes and decision-making.Why software buyouts have become a larger part of the buyout investing landscape.The Growth vs. Buyout mindset.The advantage for technology forward incumbents.How AI is impacting software investing and how AI is impacting services businesses.The thought process behind launching a wealth solutions business, Permira Wealth, and how it reflects the culture of the firm.Thanks Brian and Dipan for coming on the show to share the evolution of Permira and your expertise and wisdom in private markets.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:00 Message from our Sponsor, Ultimus01:18 Welcome to Alt Goes Mainstream01:56 Introducing Brian Ruder and Dipan Patel04:44 Private Equity and Technology04:54 Brian's Career Journey06:51 Dipan's Career Journey11:44 AI's Role in Modern Investing12:38 AI in Services and Technology13:27 Permira's Sector-Focused Approach13:54 AI's Broader Impact on Industries17:27 Leadership and Innovation in Private Equity18:49 Underwriting Deals in the AI Era18:53 Importance of Market Leadership21:58 Technology Forward Incumbents24:00 Permira's Continuous Innovation24:26 Building the Business of Permira24:36 Dipan's Perspective on Firm Growth25:35 Core Values and Their Impact26:39 Investment Strategies and Sector Focus27:19 Fluid Team Dynamics28:04 Growth vs. Buyout Mindset29:45 Long-Term Investment Philosophy30:29 Driving Terminal Value30:50 Optimizing Long-Term Profitability31:55 Case Studies: Informatica and Ancestry.com32:58 Skillsets for Growth-Oriented Investing33:26 Assessing Long-Term Outcomes34:09 Empowering Long-Term Thinking34:30 Big Picture Thinking in Investments38:05 Co-Leadership Model39:38 Challenges of Co-Leadership40:37 Permira's Entrepreneurial Culture43:14 Diversifying Capital Base44:58 Educating the Wealth Channel46:29 Permira's Brand in the Wealth Channel47:10 Future Evolution of PermiraEditing and post-production work for this episode was provided by The Podcast Consultant.

Welcome back to the Alt Goes Mainstream podcast.Today's episode is with one of the executives who has helped to build one of the industry's leading alternative asset managers.We sat down in Permira's London office with Co-CEO Dipan Patel to discuss the firm's evolution and how the business has grown to over €80B in AUM.Dipan brings a deep background in private equity investing to bear as he and his Co-CEO Brian Ruder now lead the firm through its next phase of growth.Dipan joined Permira from Gores Group and is Co-Managing Partner and Co-CEO of the firm. He serves on Permira Holdings Limited Board and Permira's Investment Committee and Executive Committee. He's focused on technology and services investing, working on deals such as Renaissance Learning, Informatica, Axiom, AllTrails, Ancestry, LegalZoom, and more.Dipan and I had a thought-provoking conversation about what it takes to build and run a scaled alternative asset manager and how to differentiate a firm and a culture. We discussed:The founding story of Permira and the evolution of the firm since spinning out of Schroder Ventures in 1996.How the firm's beginnings have shaped the culture that has been built and how that culture has permeated how they make investment decisions, work with companies, founders, and LPs.How would an LP underwrite Permira's culture?How the firm's European heritage helps as an investor.The opportunity set in Europe.The investment culture at Permira and how its structure and set up helps investment processes and decision-making.Why software buyouts have become a larger part of the buyout investing landscape.How AI is impacting software investing and how AI is impacting services businesses.Why the firm has expanded into credit.The thought process behind launching a wealth solutions business, Permira Wealth, and how it reflects the culture of the firm.Thanks Dipan for coming on the show to share the evolution of Permira and your expertise and wisdom in private markets.A word from AGM podcast sponsor, Ultimus Fund SolutionsThis episode of Alt Goes Mainstream is brought to you by Ultimus Fund Solutions, a leading full-service fund administrator for asset managers in private and public markets. As private markets continue to move into the mainstream, the industry requires infrastructure solutions that help funds and investors keep pace. In an increasingly sophisticated financial marketplace, investment managers must navigate a growing array of challenges: elaborate fund structures, specialized strategies, evolving compliance requirements, a growing need for sophisticated reporting, and intensifying demands for transparency.To assist with these challenging opportunities, more and more fund sponsors and asset managers are turning to Ultimus, a leading service provider that blends high tech and high touch in unique and customized fund administration and middle office solutions for a diverse and growing universe of over 450 clients and 1,800 funds, representing $500 billion assets under administration, all handled by a team of over 1,000 professionals. Ultimus offers a wide range of capabilities across registered funds, private funds and public plans, as well as outsourced middle office services. Delivering operational excellence, Ultimus helps firms manage the ever-changing regulatory environment while meeting the needs of their institutional and retail investors. Ultimus provides comprehensive operational support and fund governance services to help managers successfully launch retail alternative products.Visit www.ultimusfundsolutions.com to learn more about Ultimus' technology enhanced services and solutions or contact Ultimus Executive Vice President of Business Development Gary Harris on email at gharris@ultimusfundsolutions.com.We thank Ultimus for their support of alts going mainstream.Show Notes00:00 Introduction to our Sponsor, Ultimus01:55 Welcome Back to the Alt Goes Mainstream Podcast02:03 Introduction to Permira and our guest, Dipan Patel03:47 Discussion on Distributions and Market Conditions04:19 Selling A-Grade Businesses in Current Market05:03 Flight to Quality in Times of Stress06:07 Reflecting on Career and Lessons Learned06:29 Early Career Experiences at Arthur Andersen and Lehman Brothers07:29 Impact of Early Career on Leadership Style09:04 Challenges in Today's Investment Environment10:15 Underwriting in Unpredictable Times10:45 Locating Good Companies for Investment14:31 Importance of Market Leadership14:59 Partnering with Founders and Executive Teams16:22 Permira's Co-Leadership Model19:49 Investment Decision Process at Permira21:02 Underwriting Character in Executives22:54 Permira's Organizational Character and Culture23:29 Understanding Organizational Culture23:54 Thriving in Chaos: The Concept of Anti-Fragility24:51 Capital Flows in Private Markets25:26 Developing Investment Theses25:54 Strategic Exit Channels26:24 Supply Creates Its Own Demand27:24 The Necessity of Access to Private Markets28:10 Managing Stress Moments in Private Markets28:50 Navigating Industry Evolutions29:20 Focusing on Core Strengths30:09 Balancing Growth and Differentiation31:21 Investing in Growth and Buyout Businesses32:26 Synergies Between Growth and Mature Businesses33:38 Risk Spectrum in Investments34:27 Understanding Runway and Market Position35:42 Disruption vs. Destruction in AI36:49 Investing in Platform Shifts37:58 Control and Duration in Private Equity39:08 The Role of AI in Incumbent Success40:25 Cultural Adaptability to AI42:21 Specialism vs. Generalism in Investing43:56 Professional Services and AI45:27 Future Investment Ideas46:34 Mission Critical Investing47:28 Conclusion and Final ThoughtsEditing and post-production work for this episode was provided by The Podcast Consultant.

Most founders think you need to be technical to build a billion-dollar company. But some of the world's biggest tech giants were started by people who never wrote a single line of code. In this episode, Sophia Matveeva unpacks the journeys of four non-technical founders who rewrote the rules of business. In this episode, you will hear: How Steve Jobs proved that design instincts can beat coding skills Why Jack Ma's 30 job rejections became his unfair advantage in building Alibaba The broke rent payment that sparked Airbnb's $80B global empire What Katrina Lake's Stitch Fix IPO teaches about trusting customers over investors Resources from this Episode https://www.techfornontechies.co/blog/how-companies-really-use-ai  FREE CLASS:  Build a Startup WITHOUT Learning to Code  https://www.techfornontechies.co/freeclass   Growth Through Innovation If your organisation wants to drive revenue through innovation, book a call with us here. Our workshops and innovation strategies have helped Constellation Brands, the Royal Bank of Canada and Oxford University. Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you. For the full transcript, go to https://www.techfornontechies.co/blog/269-4-non-technical-founders-who-built-billion-dollar-tech-empires  

For Bill McDermott, work has never been just a job.On this Labor Day rerun of Grit, first published Jan 9, 2023, the ServiceNow CEO reflects on what he learned from his earliest jobs and how he carried those lessons from a deli counter in Long Island to the boardroom of an $80B software company.We cover:Why Bill bought a deli when he was in high school — and how he competed against 7-Eleven (04:00)Interviewing at Xerox and wanting it more than anyone else (08:17)Unwavering optimism and being a source of strength for others (12:34)How a love of work has shaped Bill as a person (16:44)Facing challenges and keeping a promise to his father (22:00)Enjoying the present and keeping an eye on the future (30:01)Leaving Xerox for Gartner and learning from a tough experience (33:29)Sloan Kettering and Father Michael Judge (39:22)Following the “original dream” vs. building something new at ServiceNow (44:59)Losing an eye and getting a pep talk from two Medal of Honor winners (51:15)Why Bill started and ended his book with quotes from two Kennedys (01:01:21)Connect with BillXLinkedInConnect with JoubinXLinkedInEmail: grit@kleinerperkins.com Learn more about Kleiner Perkins

In this episode of The Church Planting Podcast, host Greg Nettle welcomes Mark DeYmaz, founding pastor of Mosaic Church in Little Rock and a leading voice in the multiethnic church movement. Mark pulls back the curtain on how his church is thriving through missional vitality and church economics—generating revenue, leveraging real estate, serving the poor, and reaching their community with tangible expressions of the Gospel. Topics include: The three-legged church model (spiritual, social, financial). How Mosaic transformed a Kmart into a 100,000 sq. ft. center of ministry and enterprise. Why your church needs a nonprofit arm to access grants (including $80B in opioid funds available through 2038). The importance of long obedience in the same direction. Real stories of hope—including a homeless community preaching courage back to Mark. Helpful resources: Mosaix Network — conferences, coaching, and content Mark's books on Amazon Midtown Event Center – Mosaic's multi-use space This is a masterclass in leadership, sustainability, and Gospel innovation. A must-listen for every church leader looking to thrive in the 21st century. 01:00 - Mark's upcoming book on the Prayer of St. Francis 02:45 - Overview of Mosaic Church's mission and context 04:00 - Economic challenges of inner-city churches 06:00 - Transforming a former Kmart into a ministry hub 08:00 - “That is the church” — redefining what church looks like 09:00 - How to get started: shifting your mindset 10:00 - The 3-legged church model: spiritual, social, financial 12:00 - Creating a nonprofit to apply for grants 14:00 - Rethinking biblical stewardship 15:30 - Grants, real estate, and income strategies 17:00 - Opioid nexus grant: $80B available through 2038 18:30 - Mosaix Network and national conference 20:00 - Why it's the premier multiethnic church conference 21:00 - What excites Mark most about the future of church 22:00 - Matthew 5:16 and the power of visible good works 23:30 - Why sustainability takes 7–10 years (or more) 24:30 - Faith and tears: a homeless community encourages Mark 26:30 - Final thoughts and encouragement for church planters

Shoot us a Text.Episode #1112: Carvana's stock hits jaw-dropping highs while negative equity haunts car buyers. At the same time, a new report says Gen X may quietly be the most powerful consumer group of the next decade.Show Notes with links:What once seemed like a dying online used‑car startup has roared back. Carvana's share price hit an all‑time high in late July 2025—up over 10,000% from the December 2022 bottom—while short-sellers suffered nearly $7.42 billion in losses.Q2 2025 sales hit $4.84 billion, up 42% year-over-year. Retail units sold jumped 41% to 143,280; wholesale units rose 44.5% to 72,770.Net income surged to $308 million with record profit margins across the board.Traditional peers have seen modest stock gains by comparison — AutoNation is up about 80% and Lithia around 44% — with CarMax actually down roughly 7% in the same period.CEO Ernie Garcia III called Carvana “the fastest‑growing and most profitable automotive retailer.”“This rally…is one of the most spectacular recoveries in modern market history,” said Dave Mazza, CEO of Roundhill Financial.A growing share of U.S. car buyers are finding themselves stuck in negative equity, with Edmunds reporting the average underwater loan balance at $6,754 in Q2 2025 — one of the highest levels seen in years.26.6% of new‑car trade‑ins were upside down, a four‑year high.Average negative equity climbed to $6,754, up $500 from 2024.Nearly one in three underwater trade‑ins carried $5,000–$10,000 in debt.The average monthly payment for these buyers hit $915 — $159 above the industry average.Edmunds' Ivan Drury warns: “Many are at risk of getting stuck in a cycle of debt that only grows harder to break over time.”While millennials and Gen Z grab headlines, new research shows Gen X — those born between 1965 and 1980 — may be the most influential consumer group of the next decade.Gen X is set to remain the world's highest-spending demographic through 2033.In 2025 alone, they're projected to drive $507B in food and beverage sales, $80B in beauty, and $42B in alcohol.Nearly 40% use AI assistants for shopping recommendations, defying “tech-averse” stereotypes.72% prefer name brands over private label, bucking the store-brand trend.“Gen Xers are the gatekeepers of trillions in spending, effectively serving as the CFOs of three generations,” said Wolfgang Fengler of World Data Lab.Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

In this episode of "Normal World," Dave Landau (joining via Neuralink through the beaver) sits in with 1/4 Black Garrett, Angela, and guest Gerard Michaels to take on Pete Buttigieg, $80B in DEI programs, and why America's airports still run on floppy disks while flights are delayed and bridges crumble. They break down Joey Swoll's Hulk Hogan costume apology, how online mobs demand fake contrition, and why you should “post and walk away.” A mischief night pumpkin-smashing story turns into a Hulk Hogan flex that helps them avoid a felony and sparks a rant about cancel culture. From there, the conversation jumps to Sydney Sweeney backlash, American Eagle's clapback, Doja Cat's trolling, Lena Dunham vs. Odell Beckham Jr., Meghan Markle's podcast cringe, and AOC's “Jenny from White Plains” image, showing how comedy is beating outrage. They skewer the “possibly white” headlines around a Cincinnati jazz festival beatdown, highlight Gen Alpha's pushback against woke conformity, and dig into why trades, family, and independence have become the new rebellion, how the debt trap kills purpose, and the cultural cost of two-income households. It all wraps up with Somalia jokes and a list of things they would rather do than picture Justin Trudeau and Katy Perry together. Sponsors Craftco- Flying Ace Forget gimmicks—Flying Ace Bourbon is bold, balanced, and built for people who still believe in doing things right. Order at https://flyingacespirits.com/ with code BLAZE for free shipping. Learn more about your ad choices. Visit megaphone.fm/adchoices

Shoot us a Text.Episode #1097: In today's episode, we dig into why the Alliance for Automotive Innovation and NADA are in disagreement on state franchise laws, Stellantis' quiet hydrogen retreat, and why pop-up shops are punching above their weight in modern retail strategy.The Alliance for Automotive Innovation has called on the DOJ to review state franchise laws, sparking a fierce response from NADA and highlighting long-standing tensions between OEMs and dealers.The Alliance argues some franchise laws create unnecessary costs, ultimately hurting consumers and competitiveness.The letter targets laws restricting new dealership locations and third-party time guides for warranty work.NADA President Mike Stanton labeled it a “broadside attack” and called for a unified defense of the franchise model.Don Hall, CEO of VADA, said: “If there is such a thing as a holy war in the franchise world, it's a holy war.”In response to backlash, John Bozzella, President of the Alliance clarified: “We support the dealership franchise model. Period. Full stop.”Stellantis is backing away from hydrogen-powered vehicles, shelving its fuel-cell van program as infrastructure and economic realities dim the tech's near-term future.The automaker will no longer launch its hydrogen-powered Pro One vans originally planned for France and Poland.Stellantis cited poor infrastructure, high costs, and low midterm viability for light-duty hydrogen vehicles.R&D resources will be redirected toward electric and hybrid vehicle development.Staff at impacted plants will be reassigned, and the company is reassessing its stake in hydrogen joint venture Symbio.“The hydrogen market remains a niche segment, with no prospects of midterm economic sustainability,” said COO Jean-Philippe Imparato.Pop-up retail is evolving from a buzzy trend to a proven strategy, with brands large and small embracing short-term storefronts to build awareness, test products, and drive limited-time sales.U.S. pop-up shops generate ~$80B annually, with projections hitting $95B by 2026.80% of retailers who've opened a pop-up call it a success; most spend under $5,000 to launch.Goals include building brand awareness (66%), deepening customer connection (63%), and launching products (46%).Retailers range from e-commerce-only to full brick-and-mortar operations.As Sarah Rudge wrote: “Pop-up shops have become more than just a retail trend — they're now a strategic tool.”Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Vlad Tenev is the Founder and CEO of Robinhood, the greatest story on Wall St of the last decade. In the previous 18 months, Robinhood has increased its net revenue by 58% to nearly $3B; a $500M loss in 2023 turned into a $1.1B profit in 2024. Robinhood's stock is up roughly 4x, lifting their market cap to north of $80B. Today, Robinhood has nine lines of business that do over $100M in revenue.  Agenda:  00:00 – “Tokenization Is The Biggest Innovation in Finance” 03:28 – How Robinhood 4x'd Its Market Cap in 8 Months 06:40 – AI Writes 50% of All Net New Code at Robinhood 10:02 – Why Robinhood Built a Secret ChatGPT for Support 12:11 – The One Customer Type That Transformed the Business 15:29 – “CoreWeave Is Retail's Way Into AI” — The Meme Stock Defense 18:05 – Inside Robinhood's Tokenized Private Shares Product 21:23 – “Capital as a Service” — Vlad's Wild Vision for Startup Fundraising 24:10 – The $100M Revenue Line Vlad Wishes He Could Kill 26:45 – Robinhood Is Building... Cash Delivery Trucks?! 29:55 – “We Were Shipping Nothing”: Vlad on the 2020–2022 Culture Crisis 33:20 – What Line of Business Will Be the Biggest For Vlad in 5 Years Time 35:11 – The One Competitor Vlad Actually Respects 36:55 – From Men's Health to Japanese Toilets: Vlad's Weirdest Quickfire Yet 38:40 – “I Was in the Dumps”: What 2022 Taught Vlad About Resilience 40:00 – Where Robinhood Is Headed: The Next Decade of Financial Infrastructure    

Linktree: ⁠https://linktr.ee/Analytic⁠Become A Patron Of The Notorious Mass Effect Podcast For Additional Bonus Audio And Visual Content For All Things Nme! Join Our Patreon Here: ⁠https://ow.ly/oPsc50VBOuH⁠Notorious Mass Effect with Analytic Dreamz delivers a deep dive into Microsoft's 2025 layoffs in this segment. Analytic Dreamz breaks down the ~9,000 job cuts in July, part of over 15,000 layoffs this year, impacting gaming, sales, and software engineering. Despite $70B revenue and $25.8B profit in Q1, Microsoft is streamlining, investing $80B in AI to boost efficiency. Analytic Dreamz explores the industry trend of flattening management and AI's role, with expert insights and severance details. Tune in for a concise, data-driven analysis of Big Tech's evolving landscape.Support this podcast at — https://redcircle.com/analytic-dreamz-notorious-mass-effect/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

En este episodio cubrimos los eventos más importantes tras la apertura del mercado: • Wall Street en pausa por datos clave: Los futuros caen: $SPX y $US100 -0.5%, $INDU -0.3%. Los inversionistas esperan el PPI de abril (+0.2% M/M, +2.5% A/A), reclamos por desempleo (229K esperados) y ventas minoristas planas. También hablará Jerome Powell en un evento sobre marcos económicos. • Boeing alcanza récord histórico: $BA marcó un nuevo máximo intradía en 52 semanas tras recibir un pedido de $96B por 210 aviones de Qatar (787 y 777X). También se sumó un contrato con Arabia Saudita por 20 aviones 737-8. China levantó prohibición de entregas como parte del acuerdo comercial. En la región también se anunciaron inversiones por $80B en tecnología por parte de $GOOG, $ORCL, $CRM, $AMD y $UBER. • DICK'S adquiere Foot Locker: $DKS compra $FL por ~$4.9B. Los accionistas de $FL podrán recibir $24 o 0.1168 acciones de $DKS. Se anticipan sinergias de $100M–$125M. A pesar de ventas comparables +4.5% y ganancias no-GAAP de $3.37 (mejor de lo esperado), $DKS cayó -13% y $FL subió +80% en premarket. • RTX cierra venta récord con Turquía: $RTX venderá misiles por $304B a Turquía: 53 AIM-120C-8, 60 AIM-9X Sidewinder y componentes extra. El contrato busca reforzar la alianza OTAN. Aún requiere aprobación del Congreso. Coincide con la visita de Marco Rubio a Ankara. Un episodio cargado de fusiones, defensa y señales técnicas clave. ¡No te lo pierdas!

En este episodio cubrimos los eventos más importantes tras la apertura del mercado: • Wall Street extiende ganancias por inflación suave: Futuros al alza: $SPX +0.2%, $US100 +0.4%, $INDU +0.1%. El IPC subió solo +0.2% mensual en abril, por debajo del +0.3% esperado. La inflación anual se ubicó en +2.3%, y la subyacente en +2.8%. UBS y Deutsche Bank advierten que el impacto de los aranceles podría sentirse a partir de junio. • Arabia Saudita acelera acuerdos de IA: Wedbush estima que los pactos entre firmas como $NVDA, $AMZN, $AMD y $CSCO con Riad podrían sumar $1T al mercado global de IA en la próxima década. El acceso saudí a chips avanzados contrasta con las restricciones a China. Se anticipan movimientos de $PLTR y $TSLA en la región. • Super Micro cierra megaacuerdo con Arabia Saudita: $SMCI subió 10% premarket tras firmar un pacto de $20B con DataVolt para plataformas GPU y racks de IA en EE.UU. y Medio Oriente. El anuncio se suma a proyectos tecnológicos conjuntos por $80B donde también participan $GOOGL, $ORCL, $CRM y $UBER. • Tesla reactiva producción tras tregua comercial: $TSLA reanuda importaciones de piezas desde China para el Cybercab y el Semi, tras la reducción temporal de aranceles. Iniciará producción piloto en octubre con planes de fabricación masiva en 2026. Morgan Stanley ve a $TSLA como un puente estratégico entre EE.UU. y China. Un episodio clave para entender cómo la tregua comercial y el boom en IA están redefiniendo el mercado. ¡No te lo pierdas!

Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture Thousands of workers at the IRS combined owe a total of nearly 50 million in overdue taxes. Trump's tariffs are working, China is panicking and now they are making fun of American's. Big Fail. Trump confirms the economic target,the Federal Reserve, it is time to end the endless. The [DS] says the quiet part out loud, they are working with AG to try to keep Trump in court for the next four years. Their plan is now failing which means they will be moving to the next phase. Trump's counterinsurgency is building, the MAGA movement is gaining support. Bongino sends another message letting everyone know they are working behind the scenes. This is bigger than anyone can imagine.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/LizMacDonaldFOX/status/1912112506631332319  2,484 IRS contractor employees owed taxes, with 1,729 not on payment plans. Despite the IRS's authority to terminate employees who willfully fail to pay taxes, only 20 of the 70 agents identified as willfully avoiding taxes were terminated. And: Between 2004 and 2024, the IRS identified 1,650 IRS employees who willfully violated tax laws. Offenses included improperly claiming dependents, repeatedly failing to file timely tax returns, and falsely claiming tax credits. Despite a 1998 law mandating termination for such violations, only 39% of the 1,580 employees caught evading taxes between 2004-2013 were fired, resigned, or retired, while 61% received lesser penalties such as suspensions or reprimands. This, as Democrats demanded $80B for 87,000 more agents and workers to audit you to pay for record government overspending. That's now been cut to $38B. https://twitter.com/KobeissiLetter/status/1912086393527951866 https://twitter.com/libsoftiktok/status/1912205461908004882 How come the chinese sound like the Democrats, Calling the people of the US names Taiwan President Sounds Hopeful About First Round of Tariff Talks Taiwan's President Lai Ching-te,  , indicated that the first round of trade talks with the Trump administration has gone "smoothly." That's a hopeful note, especially given that Taiwan is a major manufacturer of semiconductors - which are essential in the operation of almost everything these days. The first round of talks between representatives of Taiwan and the U.S. was held on Friday.   Source: redstates.com https://twitter.com/unusual_whales/status/1912136074618372229   Canada has announced a temporary six-month relief from counter tariffs on U.S. goods used in manufacturing, processing, and food and beverage packaging, effective as of April 15, 2025. This measure aims to ease supply chain pressures and support Canadian industries by reducing costs for businesses reliant on these imports. The relief applies to goods that cannot be sourced domestically or reasonably from non-U.S. suppliers, and in cases where exceptional circumstances could severely impact the Canadian economy.    https://twitter.com/WarClandestine/status/1911868130168647861  No, A 50% Tariff Doesn't Mean A 50% Price-Hike The tariff doomsday machine is roaring again.  This time, it's over talk of a 50% tariff on certain imports. Predictably, the panic-peddlers are out in force, warning that such a tariff means retail prices will skyrocket 50%.     a tariff applies to the transaction value, not the final retail price.  The transaction value is what the importer pays the exporter, plus freight and insurance.  That cost is just the first step in a long supply chain.

Elon Musk merged xAI and X.com (formerly Twitter), reshaping the battle for AI dominance. Valued at $80B, Grok now has exclusive access to real-time data from 600M+ active users. But is this genius or financial engineering? Before that in the headlines: recapping Coreweave's IPO. Interested in the Disruption Incubator?Email agent@besuper.ai Brought to you by:KPMG – Go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://kpmg.com/ai⁠⁠⁠⁠ to learn more about how KPMG can help you drive value with our AI solutions.Vanta - Simplify compliance - ⁠⁠⁠⁠⁠⁠⁠https://vanta.com/nlwThe Agent Readiness Audit from Superintelligent - Go to https://besuper.ai/ to request your company's agent readiness score.The AI Daily Brief helps you understand the most important news and discussions in AI. Subscribe to the podcast version of The AI Daily Brief wherever you listen: https://pod.link/1680633614Subscribe to the newsletter: https://aidailybrief.beehiiv.com/Join our Discord: https://bit.ly/aibreakdown

Send Everyday AI and Jordan a text messageSam Altman JUST said that AI agents may "join the workforce' in 2025. Just hype? Or a preview of our near future? Tune in to find out about the OpenAI CEO's latest projections and a TON of other AI news that will impact how you work. Newsletter: Sign up for our free daily newsletterMore on this Episode: Episode PageJoin the discussion: Ask Jordan questions on AIUpcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: info@youreverydayai.comConnect with Jordan on LinkedInTopics Covered in This Episode:1. Meta & AI Content2. OpenAI Media Manager Delay3. Microsoft's AI Model Research4. OpenAI's AGI Progress5. Grok 3 Model Release Delay6. AI Implementation in Consumer ProductsTimestamps:00:00 OpenAI plans AGI workforce integration by 2025.04:34 OpenAI preparing for AI workforce integration08:13 AI agents entering workforce; OpenAI release anticipated.13:27 Meta halted AI profiles over user concerns.17:26 Elon Musk's Grok 3 model faces delays.19:04 Grok AI depends too much on Twitter.23:23 Generative AI blends and transforms copyrighted content.25:07 Microsoft invests $80B in AI infrastructure 2023.30:02 AI model size comparison: Claude, OpenAI, GPT-4.31:47 Smaller models enable device storage, easing privacy concerns.35:24 OpenAI pursuing AGI; AI developments face delays.Keywords:Meta, AI content, ethical issues, AI-synthesized data, social media scraping, OpenAI, media manager tool, IP concerns, legal challenges, opt-out methods, generative AI, copyright issues, AI training, Microsoft, AI investment, AI model research, model parameters, Claude 3.5 SONNET, GPT-4, AI model size, on-device processing, AGI, AI Agents, Elon Musk, GROC 3, CES, AI advancements, Samsung, AI-enabled fridges, LG Get more out of ChatGPT by learning our PPP method in this live, interactive and free training! Sign up now: https://youreverydayai.com/ppp-registration/

Are Airbnb bans actually hurting renters, homebuyers, and your local economy? The truth doesn't seem so obvious, but new data shows the unintended consequences of banning Airbnbs and short-term rentals, especially in big cities. To get a take from someone inside the industry and with plenty of data to share, we invited Taylor Marr, Senior Housing Economist at Airbnb, to the show to explain how Airbnbs affect the economy, affordability, and housing supply. For years, there have been claims that short-term rentals take away housing supply from renters and homebuyers and, as a result, inflate rents and home prices in nearby areas. But new data is saying something very, very different. Today, Taylor talks about how Airbnbs and short-term rentals change a local economy, the amount of money this type of local hospitality provides to small businesses, and why affordability ISN'T improving in areas where Airbnbs are banned. We'll also discuss the age of “experiences” and how hosts can earn more by catering to a new kind of traveler willing to spend. Do you have a short-term rental or want to make money with one in the future? Then don't miss this episode! In This Episode We Cover: A short-term rental market update and how Airbnbs are faring in 2024  Airbnb supply and whether or not the short-term rental market is oversaturated  Tips for hosts to take advantage of “experiences” and make more money from their vacation rentals  The $80B impact Airbnb has on local economies and the real result of banning them  How Airbnb is working with local governments to IMPROVE affordability and tourist spending   And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Follow Taylor on Twitter Get Fully Customizable Insurance Coverage for All Phases of Occupancy on One Monthly Schedule and Bill Ready to Invest? Grab the Book, “Short-Term Rental, Long-Term Wealth” Find an Investor-Friendly Agent in Your Area See Dave at BPCON2024 in Cancun! Airbnb Bans Only Make Tourism More Expensive. Just Ask New York Connect with Dave (00;00) Intro (02:33) 2024 Housing Market Update (05:52) Effects on Short-Term Rentals (09:47) Airbnb Supply Update (11:16) Are Airbnbs Oversaturated? (14:07) The Age of "Experiences" (16:43) How Airbnbs Impact Local Economies (25:05) Side Effects of Airbnb Bans (34:30) Tips for Investors Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1008 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices