Scoop: Databricks in early talks to raise capital at a valuation between $165B to $175B. This would be their Series M! 😆 https://t.co/7sTNDaFJSH w/ @coryweinberg
Breaking News: Iran fired missiles at Israel, the Israeli military said, the first such attack since a cease-fire paused the U.S.-Israeli war with Iran in April. Follow live updates. https://t.co/OIDAib9SoZ
This is a devastating interview.
Scott Pelley tells the NYT that Bari Weiss directly put a “thumb on the scale” for Trump over the killing of Renee Good.
Here’s his explanation of exactly what happened.
Here's the full chain of events that led to Trump storming out of his interview with Kristin Welker, beginning with her pressing him on the weaponization fund, continuing with her pointing out the baselessness of his "rigged election" lies, and concluding with him calling her "crooked or stupid" and leaving
That is some wild, unhinged stuff from the President.
Welker is a good person and honest journalist and didn’t deserve that but more importantly we have a president who constantly pushes conspiracy theories with zero evidence and can’t respond when politely challenged on that.
Coatue's Thomas Laffont on a "Power Law Paradox": a business valued between $100B and $1T (a "Centacorn") has a higher statistical likelihood (31%) of multiplying its value by 10x compared to smaller, earlier-stage unicorns (8%).
Anthropic is calling for top AI labs to weigh slowing the pace of development, suggesting that AI systems are advancing so rapidly that they may soon be able to improve themselves without human intervention in ways that could pose societal risks. https://t.co/8c7xkeX17B
More than half of the publicly identified donors to President Trump’s White House ballroom project have won new or expanded federal contracts worth more than $50 billion, according to a report from a government watchdog group. https://t.co/wEAqxMA7AG
Wow, the S&P Dow Jones Indices has just officially announced that they will NOT be changing their inclusion rules to make it easier for “MegaCap” companies (such as @SpaceX) to be fast-tracked into the S&P 500.
Their reasoning:
"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization. The decision not to adopt the proposed exceptions preserves core index principles by maintaining consistent application of these key requirements. Although there may be trade-offs between strict adherence to these eligibility requirements and broad representativeness, the current methodology provides substantial market coverage and sector balance. As a result, the indices can continue to meet their stated objectives while preserving their role as representative and investable benchmarks for the U.S. equity market.
No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family."
This means that the earliest @SpaceX could be eligible to be added to the S&P 500 would now be June 2027.
The requirements that will now remain in place are:
• No changes to S&P 500 eligibility rules for mega-cap companies.
• Mega-cap companies will still need to wait 12 months after their IPO before being considered for S&P 500 inclusion.
• S&P will not waive profitability requirements for mega-cap companies. The company must have positive GAAP net income in the most recent quarter, and the sum of the most recent four consecutive quarters.
• S&P will not waive minimum public float requirements for mega-cap companies. At least 10% of a company's shares must be publicly tradable ("free float").
The S&P rejected proposals that would have:
• Reduced the IPO seasoning period from 12 months to 6 months
• Waived profitability requirements
• Waived minimum public float requirements
NEW: Airbnb CEO Brian Chesky is starting a new AI lab. Company is in its early phases, and considering a focus on design and UI. Chesky will remain CEO of Airbnb. Per sources.
w/ @EdLudlow@natlungfy
https://t.co/5HWSJEuJOq