PODCAST: DHP Villains: Woodrow Wilson, Part 10

GameStop CEO Prepares Takeover Bid For eBay Update: GameStop - the meme stonk that also happens to sell video games, is making an unsolicited offer to buy Ebay for around $56 billion, and already has a commitment letter from TD Bank to provide $20 billion in debt financing to help make it happen, the Wall Street Journal reports.  Late last month, eBay reported strong first-quarter results. Anna Webber/Getty Images for Teen Vogue According to Cohen, GameStop has built up a 5% stake in Ebay and is offering $125/share in cash and stock - which makes for a roughly 20% premium...

Hormuz Paralyzed: Another Tanker Hit, Floating Parking Lot Of Ships Swells Update (1555ET): The latest Automatic Identification System (AIS) vessel-tracking data, via Bloomberg, shows that tanker traffic in the Strait of Hormuz has been paralyzed, with only a few tankers still transiting the critical maritime energy chokepoint. U.S. Central Command said in a statement on X that IRGC naval power has been severely degraded after U.S. forces and their allies eliminated eleven warships. Two days ago, the Iranian regime had 11 ships in the Gulf of Oman, today they have ZERO. The Iranian...

After Record $19.50 Premium, Saudis Eye Sharp Cut To June Asia Prices Submitted by Charles Kennedy of OilPrice.com The world’s top crude exporter, Saudi Arabia, is expected to slash its official selling prices (OSPs) for crude loading for Asia in June from the record-highs for May as the premiums of the Middle Eastern benchmarks eased this month. Saudi oil giant Aramco is widely expected to announce in early May a reduction of the OSP of the flagship Arab Light crude by between $5 and $12 per barrel compared to the Oman/Dubai average,...