The past week Western analysts were shocked to discover that Russian armor storage facilities, which were long thought to have emptied out due to the Ukraine war, have been quietly refilling with freshly produced and refurbished armor. Some of this is due to emphasis of drones over armored vehicles, but still it’s amazing what a functional nation can do, eh? More details at Simplicius substack.
Anthropic files for a Nasdaq IPO under the ticker ANT. H1 revenue was $16.3B and the net loss $80.7B. Governance: a single Class F share, held by an LLC set up by the co-founders, carries 50.1% of the votes and no economic rights. One analyst calls it the most absurd capital structure he has seen. Finbros feel free to offer your take on this arrangement…
Brazilian assets crash after Lula's win. Stocks fell -13.9%, the worst day since 2020.
The US is reportedly ready to strike Iran within 96 hours of an order. Per CNN, US forces can launch new and potentially major operations within 96 hours of a Trump order. It’ll be different this time, trust me bro.
Israel votes today. Polls are open 7am to 10pm and a majority needs 61 of 120 seats. Netanyahu's odds stand at 27% on Polymarket and 25% on Kalshi. The Washington Post reports Trump allies are exploring a unity-government path that would keep him in office even if he loses. The lengths that Trump will go to for his master boggles the mind.
Iran: Mecca Pact talks in Tehran end; statement says only that they "agreed to continue dialogue". They have nothing to say except to say that they have nothing to say.
Satellite imagery shows one of the two supertankers hit on Oct 23 still sitting in the same spot, with the tug NORTH SILVER nearby. The UAE oil spill, probably from the tanker Gem No 2, is drifting toward Umm al-Quwain and beaches are closing.
Houthis vs Saudi: WSJ counts 75 dead at a Saudi-run camp; Riyadh's reportedly offered Houthis a $1B ceasefire deal via Tehran. Has anyone ever bought their way out of a war before?
Brent rose above $116, a 4-year high. International Energy Agency analysts see no path back to pre-war conditions in 2027 and expects diesel tightness into mid-2027. Refinery outages have exceeded Goldman's own worst case.
Kiev’s Southern road-and-rail bridge is out of action after a night of about 20 missiles.
Vivek Ramaswamy was kicked off a GOP bus tour this weekend with other members of the Ohio Republican ticket because of the ad against Amy Acton. Venues are canceling because they “don’t want him there.” lol streetshitter shitting himself
Twitter user: “Grok, this is an image of the spread of the black death as you can see there is an area that wasn't affected in Olive green. What was the largest religious minority living in that area at the time?” Grok: “The olive green zone marks regions of minor Black Death impact, mainly covering much of the Kingdom of Poland plus adjacent parts of Bohemia and eastern German lands around 1347-1351. Jews formed the largest religious minority there. King Casimir III protected and encouraged Jewish settlement, expanding communities already present in cities such as Kraków and Poznań.” Every. Single. Time.
British equivalent of IRS tells rich citizens they should pay up now instead of leaving lest they face audits and other financial complications in the future. Western governments are like pigs gorging at a trough.
Mossberg just put 20 rounds of 12 gauge into a short-barrel shotgun with a magazine. Hell yeah.
If you get a chance stop by the local park, relax, and enjoy the seasonal beauty today…
