The SEC is out with a new proposal to Make IPOs great again and it’s a real head-scratcher! It creates what I’ll call a SpaceX rule where newly public companies have 5 years to get their house in order! www.sec.gov/newsroom/pre...

That sound you hear is John Thune screaming into a pillow

Perli talking the talk

save some for Colette

@jayvanbavel.bsky.social continues to produce interesting research

UST 5y yield back above 4.30... first since early '25

kinda wild some of these folks are surprised at the backlash

Enjoyed this one, always a fun chat with Tracy and Joe.

Not just lobbying! our new paper maps 27 mechanisms of regulatory capture used by Big AI + 11 narrative framings that rationalise capture. “Big AI’s Regulatory Capture: Mapping Industry Interference and Government Complicity” will be presented at #FAccT2026 next month arxiv.org/abs/2605.068... 1/

there would a lot of people saying the Fed was making a mistake last year don't hear much about that anymore

But another group rarely discussed in this context has a stronger relationship with overall unemployment: the primest of prime-age workers, those 35-44. A 1 pp increase for this group predicts a 0.3 pp increase in overall UR a few months later.

(Bloomberg) -- Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from Iran’s Ministry of Economy and Financial Affairs. #$IBIT www.bloomberg.com/news/article...

🇺🇸 Trump disclosed hundreds of millions of dollars in trades, worth between $211mn and $687mn, in Q1 Among them: Nvidia, Boeing, Apple and Meta, whose CEOs flew to Beijing with him this week. The Trump Organisation says he plays no role in the trades FT → www.ft.com/content/f921...

silver lining might be not hearing about the basis trade this time

the IPO isn't going to be bullish #$TSLA

So apparently LLMs just update on false claims in documents even when they're explicitly labeled in the document as false claims. arxiv.org/abs/2605.13829

LLMs are infrastructure

kinda amazed that this number doesn't change

Github guy talking up vibe slop is unfortunate

Hi. Not really sure how to promote this story...but it is about AI and the overwhelming feeling of it bleeding into everything with no concrete articulation for what a good version of that future looks like. It's about feeling like every 8th person is living on another planet. Hope you'll read it

whenever Bill gives up on #$MSFT, that will be the signal...kinda like #$NFLX

"By Friday afternoon, the hashtag #leijunelonmuskselfie had 75 million views on Weibo, the Chinese social media platform"

#$VZ joining the cyber fun

David Attenborough: “Here in a suburban cul-de-sac, a curious gathering unfolds. The Waymos, drawn by an instinct we are only beginning to understand, converge in silent ceremony. Headlights flicker. A solitary horn calls into the night. A mating dance begins”

Gas prices right about where they were this time 4 years ago AAA

kinda adorable the "market doesn't care about the Strait" crowd is just realizing where rates are

During Trump’s first term “will there be a China deal” dominated news cycles for many months. Deal is close!- futures up etc.. Lucy once again took the football. www.reuters.com/business/aut...

margin protection stage

there seem to be more rifts appearing in Silicon Valley

Perfect. No notes.

$386 for #$CBRS lol

missed that #$SOXL 6/12 170P from yesterday

holy shit

New paper in Nature. The more a government controls its domestic media, the more it dominates AI training data, the more pro-regime outputs we get from AI. By scraping the open web, LLMs are unwittingly laundering state-coordinated narratives into seemingly objective answers.

Jay Powell faced a pandemic that nearly broke markets, the worst inflation in 40 years, and a sustained presidential assault on Fed independence. Few Fed chairs have faced one of those. He faced all three. A reflection on what he leaves behind: www.wsj.com/economy/cent...

🤔

We are implementing a similar policy at @arxiv.bsky.social. If there is incontrovertible evidence of LLM slop in a paper, this means the authors did not take the time to read the LLM output and we can't trust anything else in the paper. Penalty is 1 year ban from arXiv followed by...

rip. Anthropic changing claude -p (and sdk) usage

I filed for unemployment for the first time when I was fired last year, and never got past MD's broken identity-verification system. I was the most famous fired person in America at the time, and a 20-year career bureaucrat, but I found another job before I ever successfully filed a UI claim.

New business applications overall rose in April, but business applications with planned wages continue to fall (-2% MoM, -19% YoY), reaching the lowest level since May 2020, with a decline across almost all industries. Source: www.census.gov/econ/bfs/cur...

enjoyed this conversation between @erictopol.bsky.social and @joannastern.bsky.social

btw, regulators confirmed to us this morning that the 19 new turbines (and the 27 already on site) are not part of an air permit granted in March, meaning xAI has more than 1 GW of unpermitted gas power at Colossus 2 right now

old enough to remember when people were saying OpenAI was going to 3x revenues again this year

nice little u-turn for #$BABA

Waller was wrong

Since 2011, Nonresidential Bldgs construction inflation averages 4.7%, Residential is 5.2% and Non-bldg is 3.8%. Without the two exceptionally high inflation years 2021 and 2022, average inflation since 2011 for Nonres Bldgs is 3.9%, Residential is 3.9% and Non-bldg is 2.5%.