Author: Press Room
A week before then-candidate Donald Trump descended an escalator at Trump Tower to launch his first Republican presidential campaign, a pharmaceutical company made what at the time was the largest initial public offering ever by a biotech company. The flush of cash highlighted Axovant’s then-29-year-old CEO, Vivek Ramaswamy, whose jump from hedge fund analyst to biotech executive attracted headlines and put his net worth in the hundreds of millions. Since that 2015 offering, Ramaswamy spun out other pharmaceutical companies, founded an “anti-woke” financial firm, wrote two books and became a semi-regular cable news commentator. Ramaswamy has run an unusual campaign…
Bulgaria’s new government has called for negotiations, abandoning its previous policy of arming Kiev Bulgaria’s new government has announced it will halt weapons deliveries to Ukraine, signaling a major policy shift for the NATO and EU member, which has been supplying arms to Kiev since the escalation of the conflict in 2022.The conflict cannot be resolved on the battlefield, Bulgarian Defense Minister Dimitar Stoyanov told reporters on Tuesday, arguing that Ukraine’s primary challenge is a shortage of personnel rather than weapons.“What we are witnessing is a war of attrition, and no matter how much weaponry is amassed, its only result…
Voters in San Francisco, California, leaned away from a ballot measure to hike taxes on some big companies. The latest data on the San Francisco Department of Elections website showed Measure D was sinking, Fox Business reported Tuesday. The results showed 53.64 percent had voted no while 46.36 percent voted yes. The measure’s text read: Shall the City permanently change the top executive pay tax it collects from some large businesses when their highest-paid managerial employee earns more than 100 times the median compensation paid to their San Francisco employees, by changing the tax to be calculated using the compensation of…
Marvel’s She-Hulk star, left-wing actress Tatiana Maslany is demanding people join her boycott of the left-wing New York Times, claiming the paper is harming transgenders, Palestinians, and the black working class. Maslany took to her Instagram account last week to repost a video from Queerart in which Palestinian activist Mohammed El-Kurd, extremist transgender advocate Sabrina Imbler, and others called for readers to stop buying the Times at an event held in New York in April, dubbed the “The People vs. the NYTimes.” The event was organized on the premise that the paper was really some sort of secret right-wing, MAGA-supporting ruse meant…
House Democratic Caucus Vice Chair Ted Lieu hammered a bipartisan AI framework Tuesday, saying the proposal his colleagues introduced last week “cannot meet the enormity of the moment.” Lieu, who is also one of three members on an AI commission convened by House Minority Leader Hakeem Jeffries, said at his weekly news conference that the regulatory blueprint championed by his fellow Californian, Republican Rep. Jay Obernolte — and Rep. Lori Trahan (D-Mass.) — “was not something that would work, because there’s a lot of issues it does not cover.” Lieu said he welcomes other House Democrats to engage on the…
Former Commerce Secretary Gina Raimondo poured cold water on a potential presidential run in 2028, the latest Democrat to distance herself from the cohort of potential contenders vying for the White House. The former Rhode Island governor was one of the first Democrats to announce an interest in the coming presidential campaign last April. Now, Raimondo doesn’t see herself making a play for the job, she told a Rhode Island podcast that published on Tuesday. “Look, I would like the job, I’m not going to lie,” she said. “But politics is, it’s in a crazy place right now and so…
Canada looks set to be the latest country to join the worldwide trend of banning social media for children under 16, with a bill headed to the House of Commons in the coming days. Early indications are that Canada’s rules will be somewhat less strict than trend leader Australia’s, with more exceptions for social media platforms that can demonstrate they are safe for children. An unnamed government official told the National Post on Monday that Canada’s bill, due to be introduced on Wednesday, will “include provisions that allow platforms to seek exemptions should they demonstrate an ability to keep the…
President Donald Trump personally intervened Monday to stop Israel from carrying out a significantly larger military operation against Iran after warning Prime Minister Benjamin Netanyahu further escalation could leave Israel confronting Tehran without American backing, multiple U.S. and Israeli media report. The intervention came as Israel and Iran exchanged their most serious round of fire since the ceasefire reached in early April, threatening to derail negotiations that Trump and senior administration officials insist are nearing a breakthrough. According to Axios, the New York Times, and multiple Israeli media reports, Netanyahu had approved a substantially broader follow-on operation targeting strategic sites…
Elon Musk offered a detailed glimpse into SpaceX’s planned orbital AI data centers as the company prepares for what could be the largest IPO in history this week. Business Insider reports that Elon Musk unveiled the most comprehensive look to date at SpaceX’s planned AI satellites in an interview with a company employee that was posted to X on Monday, marking a significant moment as the rocket company enters a pivotal week for its IPO, scheduled for Friday. The AI data center satellite, which Musk characterized as a preliminary version of the final design, will stand 20 meters tall with an…
A poll shows many Democrats would rather live in a different country and wave goodbye to the United States of America, the news coming as more in the party view socialism favorably. The Elon University/YouGov America 250 National Survey that was performed between April 30 and May 4th asked respondents “Is there any other country on Earth you would rather live in than the United States today?” to which 55 percent of Democrats said yes. Thirty-eight percent of Independents said yes while only 10 percent of Republicans gave the same answer: The survey targeted U.S. adults with a sample size…