Iran War Puts Ukraine Peace Talks On Hold, As Gulf Venue Under Attack

Microsoft Slides After Amending OpenAI Partnership, Will No Longer Pay Revenue Share Microsoft and OpenAI announced an amended agreement to "simplify" their partnership structure and to change Microsoft’s license to be non-exclusive and it no longer paying a revenue share to OpenAI. As a result of the amendment, Microsoft remains OpenAI’s primary cloud partner, and OpenAI products will ship first on Azure. Microsoft will continue to have a license to OpenAI IP for models and products through 2032. Revenue share payments from OpenAI to Microsoft continue through 2030. Microsoft will also continue to...

Oil Hits Session High After DOE Shows Lowest Midwest Gasoline Stocks On Record Oil prices rose to session highs after today's DOE inventory data refuted the latest cheerful API prints from Tuesday afternoon. Instead of the API-reported builds in distillates and gasoline, the DOE said that in the last week both products drew, with a modest increase in Cushing inventories, while crude inventories rose by 922K API     Crude +1.0mm     Gasoline +3.0mm     Distillates +0.3mm     Cushing +0.2mm DOE     Crude +0.922mm     Gasoline -1.684mm     Distillates -2.251k     Cushing +553mm As...

"Use The Momentum": The EU Moves To Destroy The Last Vestiges Of National Sovereignty Authored by Jonathan Turley, The defeat of Viktor Orban in Hungary last weekend was celebrated by many who saw the former president as establishing single-party rule in his central European nation. The irony is that this claimed victory for democracy may fuel the establishment of a global governance system that is neither democratic nor accountable to citizens. The European Union was criticized by many for taking sides in the Hungarian election and for undermining Orban, who asserted national priorities in disputes...