A tiny biotech deal announced in July is suddenly attracting a lot of attention. Tempus AI agreed to acquire Personalis, a Merck-backed company which provides advanced genomic sequencing and analytics for cancer treatments, for $1.5 billion. It would have passed by without much notice, but Personalis’ technology is crucial to ...
Walmart posts weakest sales growth in six yearsWalmart posts weakest sales growth in six years
Walmart posted the slowest US sales growth in six years on Thursday, the latest sign that consumers are feeling strapped. Same-store sales missed analyst estimates, with CFO John David Rainey telling CNBC “consumers have been more pressured” than earlier this year. Walmart’s sheer scale makes it a bellwether for Americans’ ...
The software buyout wave is upon usThe software buyout wave is upon us
Rohan’s view Battered-up and bruised software names are having their Regina George moment. Once beloved, then out of style, and now back again. What happens next is anyone’s guess — but private equity is salivating. CEOs, bankers, and investors have all known that the SaaSpocalypse wouldn’t last — there’s too ...
US oil companies lock in Venezuela dealsUS oil companies lock in Venezuela deals
After months of slow progress and noncommittal MOUs, international oil companies are making tangible headway in Venezuela. Oil Minister Paula Henao announced deals with two US firms this week. Oilfield service provider SLB will provide AI software to facilitate drilling, and said it is working to import oil rigs into ...
Hormuz ‘isn’t really the problem’Hormuz ‘isn’t really the problem’
A big hiccup is moving through the global oil trade that’s likely to cause another surge in prices, especially in Asia, over the next few weeks. With tanker traffic out of the Persian Gulf constricted over the past six months, higher exports from other countries, especially the US, have helped ...
‘Darth Vader’ Wants Flock in San Diego‘Darth Vader’ Wants Flock in San Diego
During the public comment portion of a recent San Diego city council meeting, the council called for the next comment to take the podium: “Darth Vader?” As he approached the microphone in his black helmet and cape, his heavy breathing reached the mic before he did. At the Public Safety ...
Subtlefakes: Slightly Altered Nonconsensual AI Images Are Taking Over XSubtlefakes: Slightly Altered Nonconsensual AI Images Are Taking Over X
I can clearly remember the first time I saw a deepfake. I was waiting for the train on my way to the Vice office in 2017 when I got a Twitter DM from someone who saw it posted to Reddit. It was a short .gif from the start of a ...
Township Fights Nuclear Weapons Data Center By Passing a Moratorium on Electrical InfrastructureTownship Fights Nuclear Weapons Data Center By Passing a Moratorium on Electrical Infrastructure
Ypsilanti Township in Michigan passed a six month moratorium on “major electric utility infrastructure” on Tuesday night. The moratorium is a delaying tactic, the latest in the Township’s long fight to stop the construction of a $1.2 billion data center that’s backed by the University of Michigan and the Pentagon’s ...
Israel’s Ben-Gvir posts video of gallows site for hanging PalestiniansIsrael’s Ben-Gvir posts video of gallows site for hanging Palestinians
Far-right minister says those convicted in military courts of terror offences will be executed after passing of death penalty law that does not apply to Jewish extremists Israel’s far-right national security minister, Itamar Ben-Gvir, has posted a gloating video of the construction of a gallows complex where Palestinians convicted of ...
‘Washington is the center of it all’: Carlyle embraces its roots‘Washington is the center of it all’: Carlyle embraces its roots
The News When the Carlyle Group decided to get into the madcap data-center dash, it didn’t start by courting hyperscalers or Emirati royals. It called the US Army. This spring Carlyle won a 50-year lease of federal lands in Fort Bliss, Texas, and is negotiating the development of a data ...