Barrick Mining Weighs $30B African Gold Merger With Endeavour Mining
Barrick Mining (TSX: ABX) is in early-stage talks to fold its African operations into a $30 billion London-listed entity through an all-share combination with Endeavour Mining (TSX: EDV), Reuters reported, in what would be the another leg of the gold miner’s sweeping global restructuring. Two sources familiar with the discussions said no decision has been […]
Alphabet Seeks $80 Billion for AI Build-Out & Taxes, Berkshire Takes $10 Billion
Alphabet (NASDAQ: GOOGL) is heading to the equity market for $80 billion as it races to build enough computing power to satisfy demand for its artificial intelligence products. The Google parent said the proceeds will fund investments in AI compute infrastructure, citing customer demand that is outstripping its available supply. Key to the funding round […]
Trump’s Anti-Weaponization Fund Is ‘Dead for Now’
The Trump administration is moving to kill its own $1.8 billion anti-weaponization fund, an administration official told Axios, describing the program as “dead for now.” The retreat came after Republican defections threatened to sink the broader $70 billion immigration enforcement bill entirely. The decision followed a Monday morning meeting between President Trump and House Speaker […]
Copper’s Record Close Masks A Messier Inventory Story
Copper’s highest monthly close on record is exposing a market where the location of metal now matters almost as much as the amount of metal available. The red metal ended May in record territory after reaching an all-time high of $6.65 per pound during the month, according to Trading Economics, which showed copper trading near […]
Florida Launches Lawsuit Against OpenAI And Sam Altman
Florida Attorney General James Uthmeier filed an 83-page civil lawsuit Monday against OpenAI and CEO Sam Altman, making Florida the first U.S. state to drag the company into court over the design and safety of its products. The complaint lands in the circuit court of the 10th judicial circuit and puts Altman personally in the […]
Walmart Throttles AI Use In The Latest Corporate AI Pull Back
Corporate AI is starting to create the problem executives said they wanted: employees are using the tools enough that companies now have to decide which tasks deserve access, which costs can scale, and which use cases fail once they leave the pilot stage. Walmart has reportedly begun limiting employee use of an AI tool after […]
Sanders Bill Would Force AI Companies to Hand 50% of Their Equity to New U.S. Sovereign Wealth Fund
Senator Bernie Sanders is set to introduce legislation that would force the country’s largest artificial intelligence companies to hand half their equity to a new federal fund, giving ordinary Americans a direct ownership stake in an industry he says was built on their knowledge, creativity, and labor. The bill, called the American A.I. Sovereign Wealth […]
Breaking Down Alberta’s Potential Secession From Canada
Alberta’s separation debate has reached voters before the province has answered the basic implementation questions that would determine whether independence is even bankable. The Oct. 19 vote being advanced by Premier Danielle Smith’s government does not ask Albertans to create a new country. It asks whether Alberta should remain a Canadian province or begin the […]
Iran Talks Enter The No More Talks Zone After Lebanon Strike
Iran’s reported decision to stop exchanging messages with the US through mediators is the clearest sign yet that Tehran may no longer separate diplomacy with Washington from Israel’s campaign in Lebanon and the wider axis conflict. A Tasnim’s verified Telegram channel message says an informed source told the outlet that Iran would halt indirect message […]
Alberta Maps Four Pipeline Routes Through B.C., All Blocked by Federal Tanker Ban
Confidential documents obtained by CBC News show Alberta has mapped at least four distinct pipeline routes through British Columbia for its proposed one million barrel per day oil export corridor. Every port option under consideration sits inside the federal oil tanker moratorium zone. Community leaders are said to have been shown the documents during private […]