Exec Sum
@exec_sum
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The dankest daily newsletter with 350K+ readers covering all things Wall Street & Silicon Valley // Trade on Polymarket: https://t.co/2LnK1hkikk
Joined January 2021
BREAKING: JPMorgan CEO Jamie Dimon has signalled support for former Fed Reserve governor Kevin Warsh to be the US central bank chair, while also telling Wall Street executives that potential new Fed Chair Kevin Hassett is likelier to back Donald Trump’s call for rate cuts Dimon
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BREAKING: States like California and Massachusetts are suing the Trump administration to block its proposed $100k fee for new H1B visa applications
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BREAKING: Larry Ellison has lost over $30 Billion of his net worth this week alone
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BREAKING: House Democrats have released more than a dozen photos from the estate of Jeffrey Epstein, including images of Donald Trump, Bill Clinton, and others
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BREAKING: Oracle $ORCL is now down -15% for the week after reports that some of their data centers for OpenAI have been delayed from 2027 to 2028
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NEWS: Financial giant 'Interactive Brokers' to allow brokerage accounts to be funded by crypto stablecoins
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BREAKING: Terra Luna Founder Do Kwon officially sentenced to 15 years in prison
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BREAKING: Oracle closes down -10.8% today – though rebounding from intraday lows of -16.7% – after investors grew concerned over the company’s massive spending to build out AI data centers, with quarterly CapEx overshooting expectations by more than 40%
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BREAKING: Silver hits new all-time highs, rising past $64/oz in intraday trading Silver’s previous peak was $50/oz in 2011, following the aftermath of the Global Financial Crisis
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BREAKING: President Trump says he is considering ending federal taxes on gambling winnings
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BREAKING: Eli Lilly’s latest weight-loss shot, Retatrutide, helped patients lose ~29% of their body weight after 68 weeks – with some even dropping out of the trial because they were “losing too much weight” These results reinforce Retatrutide as a next-generation, higher
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BREAKING: OpenAI is currently rolling out GPT-5.2, a new more advanced model that is “faster and more adept at finding information, writing, and translating”
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BREAKING: Undergrad students are reporting disabilities at record numbers
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BREAKING: Disney to invest $1 Billion in OpenAI and license characters for use in ChatGPT’s Sora The three-year licensing deal will let users generate videos of more than 200 Disney, Marvel, Star Wars and Pixar characters
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BREAKING: Oracle ($ORCL) plunges -11% after-hours after missing Q2 revenue expectations, despite an earnings beat and a surging AI backlog Adj. Revenue: $16.06B vs. $16.21B expected Adj. EPS: $2.26 vs. $1.64 expected Investors have grown increasingly concerned about the
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NEWS: Elon Musk and Jeff Bezos are racing to build AI data centers in space.
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Paramount could lift its Warner Bros. bid to $35 / share (up from $30) to upend Netflix — per Bloomberg.
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BREAKING: The Fed has cut rates by 25 bps for a third time in a row to a range of 3.50% to 3.75%, as concerns over a weakening US labour market outweighed persistent inflation The move was in line with market expectations; however, the Fed signaled reluctance to ease rates
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BREAKING: Canada has launched a $1.2B fund to poach top academic researchers from the US, as the Trump administration continues cutting grants and slashing higher education funding The new “Canada Global Impact+ Research Talent Initiative” aims to attract up to 1,000
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