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Imagine being a CEO of an US energy company and thinking that you work with close associates of the Trump family, only to find out that behind them is a sanctioned Russian company, really pulling the strings. This happened in Alaska. Polar Train LNG's CEO, Joel Riddle, stepped down after finding out that the Russian "Novatek" company, which is under US sanctions, has been involved in a $25 billion energy project in Alaska. The CEO thought that he was working with Gentry Beach, a close friend of Donald Trump Junior. Reportedly, that project was also discussed between Witkoff and Jared Kushner when they were with Putin. The White House admitted that the project was talked about "briefly". We are witnessing the greatest corruption scandal the USA has ever witnessed. It all leads to Trump, his family and the Russians, and apparently they were even ready to sell riches of Alaska to the Russians. The people in Alaska just need to look over to Russia, where the richest regions in terms of minerals and hydrocarbon resources have been stripped-mined, transferring all the wealth to Moscow and Saint Petersburg and leaving a scarred landscape in extreme poverty. That is the result of rampant corruption. We are starting to see more details why Trump and his friends are trying so strongly to bully Ukraine into surrender. This is most certainly only the tip of the iceberg.

“The price action has been eye-watering in a lot of situations,” said Ivelina Green, founder of Pearlstone Alternative. “Into year-end, primary markets are effectively shut. And there isn’t a lot of liquidity on the way down, so that is exacerbating the panic.” 👇🏼 bloomberg.com/news/articles/…

A thought provoking post mortem of the coming crisis, written now. 👇🏼 “A bubble is not a policy error that a good memo can reverse. It is a story people want to believe, and it ends when they stop believing. The crash is coming. The only question is what to do about it.” hub.tslombard.com/the-perkin…

From yesterdays @FT #AI #wallstreet #bubble

Retail “investors” seem very determined to be bagholders. 👇🏼

BREAKING: Russian airforce TU-134 used to evacuate high ranking personnel has just left Iran with its transponder off rumoured to be picking up Russian scientists from Bushehr Nuclear Power Plant. We saw similar evacuation flights before US strikes on Iran in February...

However, let's recognize @elonmusk's bravery. Meddling in Europen politics and attacking the EU itself when you want regulatory privileges and frequency permissions is a bold business strategy.

No one has ever won both the FIFA Peace Prize and the Citizens of Iowa Man Of The Century award in the same year

A San Francisco startup says it just turned mercury into real gold, and their own math says gold is one of the cheapest things their machine can make. Aim it at a different metal and it makes a cancer drug ingredient worth tens of billions of dollars a gram. Here's how it works. When you fuse two kinds of hydrogen, deuterium and tritium, every single reaction kicks out a neutron moving at 14.1 MeV, which is absurdly fast. Fire one into mercury-198 and it knocks another neutron loose on the way through, so two come out and you're left with mercury-197. Give that a few days and it decays into gold-197, the only stable kind of gold there is. The whole trick needs neutrons above about 6 MeV, and regular nuclear reactors barely make those, while fusion makes one every time it fires. Now swap the mercury for radium-226. Same reaction, one neutron in and two out, and you end up with radium-225, which decays into actinium-225. Novartis is building its next prostate cancer drug around actinium-225, and it's so scarce it sells by the millicurie, roughly $1,200 to $2,500 apiece. Price it by the gram and you're into the tens of billions of dollars, for a material so radioactive nobody could safely hold a gram of it anyway. Marathon's team actually put a dollar value on a single fusion neutron in a paper this year. Use it to make electricity and it's worth about $3 × 10⁻²⁰. Gold comes in at $2.6 × 10⁻²⁰, basically a wash. Molybdenum-99, which goes into about 80% of nuclear medicine scans, is worth $2.6 × 10⁻¹⁷ a neutron. Actinium-225 is worth about $10⁻¹⁰, around 3 billion times what the electricity's worth. That's why fusion people should care. Every fusion company you've heard of is chasing electricity, and selling electricity only pays once the plasma puts out something like 10 to 22 times the energy you pump in to heat it. The best result so far, at JET in England, was about a third. Add gold on the side and Marathon's math says you break even around 3x. For molybdenum-99, the number is 0.001x. So a machine that gives back one-thousandth of the energy you feed it can still make money, as long as the neutrons hit the right metal. By their numbers, a 3 megawatt machine running way below breakeven could cover the whole world's supply of molybdenum-99, which today comes from splitting uranium in a handful of research reactors. Today's experimental fusion machines already beat the gain that job needs. Their second post basically says this out loud. Marathon now describes itself as an isotope company for radiopharma. Their chart shows roughly 390 targeted radiotherapy trials. Pluvicto, the prostate cancer drug Novartis launched at $42,500 a dose, did $1.9 billion in sales last year. Gold still matters to them, just later. It's about a $700 billion a year market, and Marathon's paper figures it could soak up around 2 terawatts of fusion capacity, which is roughly the scale where fusion actually moves the grid. So the plan is to sell cancer isotopes out of small machines now and use gold to pay for the giant ones, years before electricity can pay for itself.

Keep an eye on that Spanish guy...

MONEY GOES HOME: GCC EDITION ™️ Which leads to a speedier dedollarization path. #IranWar

Calling Putin a humanitarian when he started started a conflict that has killed probably around 600,000 people purely out of his desire for territorial expansion is incredibly sickening.

JPMorgan raised its $SPCX price target from $240 to $500