HHS Unveils Policy To End Funding For ‘Dangerous Gain-Of-Function Research’ Authored by Aldgra Fredly via The Epoch Times, The Department of Health and Human Services (HHS) on July 28 unveiled a new policy that would end federal support for “dangerous gain-of-function research,” an experiment in which scientists genetically modify an organism to enhance its characteristics. Workers next to a cage with mice inside the P4 laboratory […]

China To Arm Iran With Hundreds Of MANPADS Despite Trump Warnings: Report President Trump has repeatedly said that China’s President Xi Jinping has directly assured him that Beijing will not supply Iran with weaponry or military support. But this week these ‘assurances’ have been called into question by an Reuters investigation. “Iran is expected to receive within weeks a first shipment out of up to 400 Chinese-made shoulder-fired […]

Anatomy Of The ‘Islamophobic’ Shooting That Wasn’t Authored by Andrew Bostom via RealClearInvestigations, On Nov. 17, 2023, Mustafa Ramos, a Muslim man wearing a turban and a robe, was shot in the buttocks while selling Islamic paraphernalia adjacent to the Islamic Center of Rhode Island mosque in Providence. The 52-year-old man was treated and released from the hospital in two hours. The incident, however, which happened just […]

Energy Department Issues Emergency Order To Secure Power Grid In 17 US States Authored by Naveen Athrappully via The Epoch Times, The Department of Energy (DOE) has issued an order to tackle an energy emergency situation across 17 U.S. states triggered by hot weather conditions. An aircraft takes off from Los Angeles International Airport behind electric power lines in El Segundo, Calif., on Aug. 31, 2022. Patrick T. Fallon/AFP via […]

MSFT Bounces After Revenue Beat On Cloud Strength, CapEx In Line Microsoft walked into tonight’s fiscal fourth-quarter earnings report carrying the most bearish positioning it has seen in more than a decade, and it does so on an afternoon when the Fed – now run by a chairman who has made a point of telling markets nothing – triggered significant volatility in stocks and bonds. The positioning data tells the story first. According […]

Lemonade Crashes As Customer Growth Miss Spooks Wall Street Lemonade shares crashed early in the US cash session after the technology-focused insurer reported fewer second-quarter customers than Wall Street expected and announced a transition of its chief financial officer. The company, which provides renters, homeowners, auto, pet and life insurance in the US and parts of Europe, plunged 18%, marking its steepest intraday decline […]

US State Department Issues Travel Advisory For Caribbean Tourist Destination Authored by Naveen Athrappully via The Epoch Times, The State Department updated its travel advisory for the Bahamas, highlighting the risk of crime, including sexual assaults, in the Caribbean nation. Violent crimes, such as sexual assaults, armed robberies, and burglaries, can occur anywhere in the country, the department said in a July 28 update. […]

Houthis Signal Red Sea Shipping Tolls In Mirror Image Of Iran’s Hormuz Plan Houthis have entered the chat… Already multiple Saudi vessels have been targeted in the Red Sea region, forcing a number of tankers to U-turn, and now Yemen’s Houthis are seeking to introduce their own ‘toll system’ for the Bab el-Mandeb Strait. “Yemen’s information minister said intelligence confirmed IRGC advisers were directly involved in designing a […]

Garmin Boosts Full-Year Forecast As Wearables Earnings Jump Garmin shares jumped as much as 9.6% in premarket trading after the GPS-device maker delivered a broad beat on second-quarter earnings and raised its full-year outlook. Garmin produces GPS-enabled electronics and wearable technology across five main markets: Fitness: smartwatches, running watches, cycling computers and activity trackers Outdoor: hiking watches, […]

The Mamdani Grocery Grift: NYC Mayor Sells Taxpayers A Bill Of Goods On City-Run Stores Authored by Jonathan Turley, Last week, Mayor Zohran Mamdani’s short stint as a faux president ended with an embarrassing acknowledgment that he could not, as promised during his campaign, arrest Israeli Prime Minister Benjamin Netanyahu. So, this week, Mamdani the Grocer made a reappearance, with details on the five city-run grocery stores […]

Watch Live: Fed Chair Warsh Explains ‘Hawkish’ Hold Having delivered the biggest “non-cut” surprise to markets in decades – by holding rates unchanged (markets were pricing a 35% chance of a hike) – and given Warsh’s distaste for forward guidance, he is unlikely to offer any clearer signals during the press conference. Bear in mind that since 2015, traders have foreseen the Fed’s ultimate rate decision with an average error of […]

No Rate-Change Sparks 3 Dissents As Warsh Fed Delivers Biggest ‘Non-Cut’ Surprise In Decades Tl;dr: The Fed held rates unchanged, delivering the biggest surprise “non-cut” to the market in decades. Three dissenters wanted a rate-hike, clearly signaling the direction of travel and confirming this decision as a “hawkish hold” though arguably only marginally. *  *  * Since the last FOMC meeting on June 17th (Kevin Warsh’s first as […]

US-Owned LNG Ship Reportedly Struck By Kamikaze Drone At Egyptian Port A potentially major escalation emerged late Wednesday after a US-owned gas-processing vessel moored at Egypt’s Mediterranean port of Damietta was reportedly struck by a drone, according to Reuters, citing maritime security firm Ambrey. Details remain scant, and this assessment is preliminary. Explosion disrupts Damietta LNG hub An explosion at Egypt’s Damietta […]

Trump Invites California Teen Lifeguard Who Rescued Boy To White House Authored by Jill McLaughlin via The Epoch Times, A teen lifeguard, who heroically dove into pounding waves to save a young boy, will be honored by President Donald Trump at the White House. Lifeguards rescue boy at California beach amid intense waves “We’re going to bring this heroic young man, and his family, into the White House with, perhaps, the boy he […]

From Momentum To Mayhem: Korean ‘Plunge Protectors’ Meet As Leverage Unwind Sparks Chaos ‘Leverage goes both ways…’ That is a lesson that many are learning in a painful manner as the army that enjoyed the momentum escalator ride up are now decrying the elevator plunge lower… and the poster-child for this pain is Korea. Following anxiety over new Chinese competition, and disappointing earnings from SK Hynix overnight, Korea’s […]

FDA Panel Backs Wider Access To Six Peptide Therapies, Citing Grey Market Concerns Via American Greatness, A Food and Drug Administration (FDA) advisory panel has voted to recommend expanding legal access to six popular peptide compounds. Supporters say it could pull patients out of the unregulated grey market that has flourished under years of federal inaction. The FDA’s Pharmacy Compounding Advisory Committee reviewed seven […]

NANO Nuclear Expands Air Force Footprint With Second AFWERX Award NANO Nuclear Energy has been selected for a new AFWERX Small Business Innovation Research Phase I award, giving the company another opportunity to advance its KRONOS MMR Energy System with the Department of the Air Force. The new Phase I award is framed as a broad research and development agreement. NANO said the contract is focused on using KRONOS to “address […]

War Path Or Deal? Trump Threatens To Hit Iran ‘Hard’ As Netanyahu Meeting Details Emerge Summary Trump weighs deal, sanctions, or strikes on Iran as Saudis-US hit Iraqi militants. Tehran denies seeking talks, insists on Hormuz terms. Oil climbs as attacks on Saudi energy sites continue. Conflict widens with joint US-Saudi strikes in Iraq which killed at least 20. Will the U.S. invade Iran before 2027? Yes 25% · No 76%View […]

Ukraine’s FM Claims Attack On Iranian Ship In Caspian Sea Was ‘Unintentional’ The week started with a bizarre incident in the Caspian Sea involving an Iranian commercial vessel and the Iranian military, an episode which threatened to expand the war by merging two conflict theatres. Iran had accused Ukraine of attacking an Iranian commercial vessel by long-range drone in the Caspian Sea on Saturday, which resulted in an explosion […]

New Jersey Rejects DOJ’s Request For Records On Noncitizen Voter Registration Error Authored by Tom Gantert via The Epoch Times, New Jersey is refusing to hand over information to the U.S. Department of Justice involving a voter registration error that allowed thousands of noncitizens to register to vote in the state. The DOJ requested the full names, dates of birth, nationalities, residential addresses, and registration dates […]

WTI Holds Spike After Big Crude Draw, SPR Drain Continues As Cushing Stocks Stuck At ‘Tank Bottoms’ Oil prices are jumping higher after the U.S. military intercepted Iranian ballistic missiles aimed at American forces in Jordan. Shortly after the surprise attack, the U.S. and Saudi Arabia launched strikes in Iraq against Iran-backed groups that the Islamic Revolutionary Guard Corps previously directed to attack American troops and […]

An Interesting Divergence Is Emerging Between The Fed And Other Central Banks By Benjamin Picton, senior market strategist at Rabobank Circle Of Life Active Brent crude futures fell by almost 5% yesterday as the US extended its pause on striking Iran. Donald Trump had indicated that the lull was underway to give diplomacy another chance, claiming that the US was in “very deep talks” with Iran but that his patience for progress […]

BMW Targets 8,000 Job Cuts With New Voluntary Severance Package BMW shares in Germany are down 36% so far this year, as the automaker’s latest forecast downgrade was described by JPMorgan analyst Jose Asumendi as a “wake-up call for the auto industry.” The outlook for BMW continues to deteriorate, with Bloomberg reporting that the automaker will begin a sweeping workforce restructuring in Germany this fall. Voluntary departures […]

EssilorLuxottica’s AI Smart Glasses Revenue Nearly Doubles On Ray-Ban, Oakley Demand EssilorLuxottica shares rose as much as 4.5% in Paris before reversing course and falling 2%. The eyewear maker reported better-than-expected first-half profit margins, while revenue from its AI smart glasses nearly doubled in the second quarter, easing investor concerns over rising competition and component costs. The Ray-Ban owner, which partners […]

Idaho’s High Desert Becomes Hot Spot For Nuclear Power Revolution Authored by John Haughey via The Epoch Times, History was made with the flip of a switch at 12:30 a.m. on June 4, under partly cloudy skies and a waning three-quarter moon in Idaho’s Arco Desert, when a prototype reactor sustained a nuclear chain reaction, becoming the first new design to achieve “criticality,” or viability, in the United States since 1973. In that […]