Extra, Extra
Judge, Jury, Executioner: “Defense Secretary Pete Hegseth announced Tuesday that the U.S. military has carried out three strikes in the eastern Pacific Ocean against boats accused of carrying drugs, killing 14 people and leaving one survivor.” And from Bloomberg (Gift Article): Hegseth Is Waging War Against the Laws of War. (He’s getting a pretty big assist from lawmakers.)
+ Stupid Is as Stupid Sues: “Ken Paxton, the Republican attorney general of Texas, sued the makers of Tylenol on Tuesday, claiming that the companies hid the risks of the drug on brain development of children. The lawsuit is the latest fallout from President Trump’s claim last month that use of Tylenol during pregnancy can cause autism. That link is unproven.” (The more this story evolves, the more I need a Tylenol.)
+ AI Yai Yai: No one knows for sure how AI will impact employment. But we can probably get some key indicators by looking to early adopters that are already widely deploying the technology. And, uh, Amazon to cut about 14,000 corporate jobs in AI push.
+ Profit Sharing: OpenAI Completes For-Profit Transition, Pushing Microsoft Above $4 Trillion Valuation. And Apple just became the third company in history to crack $4 trillion market value.
+ Pace Makers: “The Trump administration is planning to replace some regional leaders at Immigration and Customs Enforcement with Border Patrol officials in an attempt to intensify its mass deportations effort amid growing frustration with the pace of daily arrests.” Over and over, we’re seeing the extremists squeezing out the moderates (who are often pretty extreme).
+ Rewriting the Rules: “There’s no better leading indicator of market psychology than real-time covenant changes, which show where the smart money is quietly hedging. Right now, the smart money is fortifying against a downturn.” WSJ (Gift Article): A Private-Credit Winter Is Coming.
+ No Weigh: “The obesity rate dropped to 37% of U.S. adults this year, down from a high of 39.9% three years ago.” Weight loss drugs are bringing down the country’s obesity rate.
