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Fermi shares drop 12%+ after the data center real estate company reported a $486M YTD net loss, amid concerns over a lack of a tenant for its Texas data center (Financial Times) https://ift.tt/e6qmWUC

Financial Times : Fermi shares drop 12%+ after the data center real estate company reported a $486M YTD net loss, amid concerns over a lack of a tenant for its Texas data center   —  Data centre property group faces investor concerns around lack of tenant revenue  —  Shares in data centre real estate group Fermi plunged …
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The Hitchhiker’s Guide to what to expect on DHS funding when the Senate meets Monday https://ift.tt/9KW80ce

The DHS funding drama heads back to the Senate on Monday morning after the House approved a two-month stopgap spending plan for all of DHS late Friday night. The Senate meets on Monday at 10:30 am et in what was supposed to be a brief "pro forma" session where the body simply gavels in and gavels out with a skeleton crew on hand. But that might not be what happens Monday. As soon as the Senate gets through the prayer and pledge, it’s likely a Republican senator seeks recognition from the chair. If that happens, we anticipate the GOP senator to ask for unanimous consent (meaning all 100 senators would agree) to take up the DHS bill passed by the House on Friday, that it be "read a third time" and passed. REPORTER'S NOTEBOOK: THE HITCHHIKER'S GUIDE TO WHAT'S NEXT TO END THE DHS SHUTDOWN The chair will then ask if there is an objection. If any senator – be they a Democrat or Republican – objects, the House bill is dead. That means that the House a...

Pro-AI group Innovation Council Action, praised by David Sacks, plans to spend $100M+ in the US midterms to drive deregulation and support Trump's AI agenda (Alex Isenstadt/Axios) https://ift.tt/LCxRto2

Alex Isenstadt / Axios : Pro-AI group Innovation Council Action, praised by David Sacks, plans to spend $100M+ in the US midterms to drive deregulation and support Trump's AI agenda   —  A new pro-AI political operation is jumping into this year's midterms with a plan to spend more than $100 million …

A look at Coinbase One and other insurance-like plans for crypto users that typically exclude coverage for many kinds of account hacks, including phishing scams (Bloomberg) https://ift.tt/4eAkuSd

Bloomberg : A look at Coinbase One and other insurance-like plans for crypto users that typically exclude coverage for many kinds of account hacks, including phishing scams   —  When Matthew Allan realized nearly $100,000 in Bitcoin was missing from his Coinbase account, he wasn't too worried.

Scathing report claims nation's oldest labor union 'betrayed' MAGA members through 'shocking' spending https://ift.tt/qS90Ny2

FIRST ON FOX: One of the nation’s most prominent railroad unions is facing new scrutiny after a watchdog report alleged its leadership is quietly working against the political views of its members who support President Donald Trump's agenda. The report, released by the American Accountability Foundation (AAF), claims the Brotherhood of Locomotive Engineers and Trainmen (BLET), one of the nation’s oldest labor unions, is run by leaders who are endorsing and promoting Democratic policies and candidates despite a membership base that data suggests largely supports the president. The report, which alleges the union "betrayed" its MAGA members, points to the union’s endorsement of the Harris-Walz ticket in the 2024 election cycle, as well as its ties to prominent Democrats, including Sen. Bernie Sanders , I-Vt., and former Ohio Sen. Sherrod Brown, who is running for Senate again. While BLET has touted Republicans in recent years, including earlier this year when it applau...

A look at why Dotcom Bubble comparisons to the AI boom are off, vertical SaaS is up +3% last 12 months vs. horizontal SaaS down 35%, and other reflections on AI (Logan Bartlett/@loganbartlett) https://ift.tt/0OxPNeJ

Logan Bartlett / @loganbartlett : A look at why Dotcom Bubble comparisons to the AI boom are off, vertical SaaS is up +3% last 12 months vs. horizontal SaaS down 35%, and other reflections on AI   —  This week I co-wrote Redpoint's 2026 Market Update for our Limited Partners with my colleagues @AdilBhatia and @lydianday.

A profile of Mark Lanier, a TX lawyer and part-time pastor who beat Meta and Google in the LA social media case and said Zuckerberg was "rattled" on the stand (Wall Street Journal) https://ift.tt/WXQKZIl

Wall Street Journal : A profile of Mark Lanier, a TX lawyer and part-time pastor who beat Meta and Google in the LA social media case and said Zuckerberg was “rattled” on the stand   —  Plaintiff's attorney Mark Lanier uses props and parables to challenge social-media giants, drugmakers and manufacturers …