Hedge Funds Regroup After Tesla Short Selloffs Exceed $5 Billion

Hedge funds that bet against Tesla Inc. are rethinking their strategy after suffering massive losses in recent days. The short positions, which were triggered by Donald Trump’s re-election, have left hedge fund managers wary of being burned again. According to data compiled by S3 Partners, the remaining short positions now represent just 2.5% of Tesla’s … Read more

Indonesia Passes Law Allowing Military Officers in Civilian Posts

Indonesia’s Parliament has passed a law allowing more military officers to hold civilian positions, sparking concerns about the erosion of freedoms and the country’s democratic values. The revisions were proposed by President Prabowo Subianto’s allies and clear the way for military officers to fill attorney general roles and other civilian positions. The move defies student … Read more

Ben & Jerry’s Accuses Unilever of Silencing CEO Over Social Activism

Ben & Jerry’s has accused its parent company, Unilever, of firing its CEO, David Stever, over his commitment to the company’s social mission rather than his job performance. According to a complaint filed in federal court in Manhattan, Unilever fired Stever without following proper procedures, which contravened an agreement made when the two companies merged … Read more

Turkish Lira Plunges to Record Low Amid Arrest of Istanbul Mayor

Turkey’s lira has tumbled to a record low, with the currency falling 12.7% earlier in the day and then recouping most of its losses by closing at 37.665 per dollar, a 2.6% decline. The move comes after Istanbul mayor Ekrem Imamoglu was arrested on charges, which opposition leaders have described as a “coup attempt”. Analysts … Read more

Antibody Treatment Shows Promise in Treating Myasthenia Gravis

A new antibody treatment from Immunovant and Roivant Sciences has demonstrated significant reductions in symptoms and disease activity for patients with generalized myasthenia gravis. In a Phase 3 clinical trial, the treatment batoclimab showed promising results, with improvements of 4.7 and 5.6 points on a patient-reported scale compared to a placebo, which had a 3.6-point … Read more

HP Revolutionizes AI-Workflows with Unparalleled Performance and Security

HP has unveiled a series of breakthrough AI solutions that aim to power the future of work for engineers, data scientists, and AI developers. The company is providing robust local AI capabilities to improve speed and decrease costs by delivering hardware and software solutions that enhance AI development, optimize performance, and ensure security. The HP … Read more

Buena Vista Social Club Brings Havana’s Musical Magic to Broadway

A new musical inspired by the hit album “Buena Vista Social Club” has finally arrived on Broadway. Directed by Saheem Ali, this show brings the spirit of Cuban music and its performers to the stage. The production features a talented cast, including Isa Antonetti as 19-year-old Omara Portuondo, who sings with her sister Haydee in … Read more

Forever 21 Files for Bankruptcy, Blames Fast Fashion Stores

Fashion retailer Forever 21 is collapsing, with all remaining US stores set to close unless a buyer acquires the company. The chain blames competition from foreign fast fashion companies like Temu and Shein for its demise. With $1.6 billion in debt, Forever 21 will “wind down” its operations nationwide if an investor doesn’t step forward. … Read more

Nvidia to Invest Billions in US Chip Production Over 4 Years

Chipmaker Nvidia is set to invest hundreds of billions of dollars in chips and other electronics made in the US over the next four years, according to a Financial Times report. The move comes as the company’s CEO Jensen Huang expressed confidence in manufacturing several hundred billion units in the country. Nvidia’s plans are part … Read more