Can Bill Ackman save the closed-end fund?
An outspoken financier wants to build a modern-day Berkshire Hathaway Source link
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Fordham to Bestow Honorary Degree on PMC Vice Chairman Gerry Byrne
Gerry Byrne, vice chairman of Variety parent company PMC and a longtime media business executive, will be recognized by his alma mater, New York’s Fordham University, with an honorary doctorate of humane letters at the school’s commencement ceremony on May 16. Byrne will receive the honorary degree alongside Maureen Corrigan, book critic for NPR’s “Fresh…
US Treasury ‘Privately Demanded’ Binance Comply with Monitoring Deal: Report
Update (May 7 at 9:47 PM UTC): This article has been updated to include a statement from Binance. The US Department of the Treasury reportedly demanded that Binance follow a monitoring program put in place by a 2023 deal between authorities and the cryptocurrency exchange, following reports that the company facilitated $1 billion to entities…
Iran War Live Updates: Vance Is Expected to Lead Talks in Pakistan, U.S. Officials Say
Vice President JD Vance was set to return to Islamabad, the officials said, as the end of the U.S.-Iran cease-fire drew near. Iran has not said whether its negotiators will attend. Source link
Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say
Friday’s statements raised investors’ hopes that oil and gas would start moving out of the Persian Gulf in significant volumes again. Source link
Americast – Trump takes his revenge on disloyal Republicans
Available for over a year The US president is going after his fellow Republicans in Kentucky and Indiana. Donald Trump is getting involved in key state primaries – often in cases where US presidents don’t intervene – urging voters to stay away and not vote for candidates who Trump regards as his political enemies. From…
Resilient, Distributed AI Training at Scale — Google DeepMind
Decoupled DiLoCo is not only more resilient to failures, but is also practical for executing production-level, fully distributed pre-training. We successfully trained a 12 billion parameter model across four separate U.S. regions using 2-5 Gbps of wide-area networking (a level relatively achievable using existing internet connectivity between datacenter facilities, rather than requiring new custom network…
Baby abandoned by roadside is now changing lives
Becky Chaplain, an occupational therapist, is now helping burns patients in West Africa. Source link
Compass Pathways CEO on Trump's Order to Expand Psychedelics Research
Shares of companies involved in psychedelic-tied therapies surged Monday after President Donald Trump signed an executive order to expedite research and access. US-traded shares of Compass Pathways spiked as much as 53% while AtaiBeckley surged by 37%. GH Research jumped 34% and Definium Therapeutics rallied 16%. The AdvisorShares Psychedelics ETF (PSIL) also climbed as much as 20% — touching its highest intraday level…
EU forces Google’s hand on search data, angering Google • The Register
Brussels has told Google to open up its search data and give rivals equal footing on its own platforms, sketching out how it expects the tech giant to comply with the bloc’s competition rulebook. In preliminary findings under the Digital Markets Act, the European Commission outlined proposed measures that would force Google to hand over…