Article
The 'Blame Game' In Private Credit Begins
The 'Blame Game' In Private Credit Begins
Submitted by QTR's Fringe Finance
This morning I warned (again) this wasn’t a normal market in private credit. It was a liquidity event. And today it’s becoming something else too.
According to the Financial Times, the SEC is now questioning whether Egan-Jones, a small but deeply embedded credit rating agency in private credit, can “consistently produce credit ratings with integrity.” That’s not a routine inquiry. That’s the regulator openly wondering whether one of the key cogs in the machine was ever doing its job properly in the first place....
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May 17, 2026 / Tyler Durden
YouTube, Snap, And TikTok Settle Kentucky School District's Social Media Addiction Claims
YouTube, Snap, And TikTok Settle Kentucky School District's Social Media Addiction Claims
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
YouTube, Snap, and TikTok have settled a Kentucky school district’s claims that the platforms fueled a youth mental health crisis that the school district said it was forced to manage.
The Breathitt County School District in rural eastern Kentucky still plans to take Meta Platforms, parent of Facebook and Instagram, to trial on June 15.
The agreements, detailed in federal court filings on Friday, are among the first set for trial...
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Apr 24, 2026 / Tyler Durden
FDA Approves First Gene Therapy To Treat Deafness
FDA Approves First Gene Therapy To Treat Deafness
Authored by Zachary Stieber via The Epoch Times (emphasis ours),
Federal regulators on Thursday approved the first gene therapy to restore hearing, just two months after the therapy’s maker formally requested a license.
Dr. Marty Makary, the Food and Drug Administration's commissioner, in an undated file photograph. Madalina Vasiliu/The Epoch Times
The Food and Drug Administration approved the Regeneron therapy, Otarmeni, for children and adults with severe or profound hearing loss associated with OTOF gene variants.
The approval came 61 days after Regeneron filed for a...
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Apr 14, 2026 / Tyler Durden
Tesla China CEO Says Shanghai Gigafactory Is "Golden Key" To Optimus Robot Production
Tesla China CEO Says Shanghai Gigafactory Is "Golden Key" To Optimus Robot Production
Tesla's China president was quoted by local media on Tuesday as saying the Shanghai Gigafactory could eventually play a major role in mass-producing humanoid robots. The comment comes after Tesla said earlier this year that it would pivot away from producing Model S and X vehicles at its California factory and convert the vehicle production lines to Optimus robot production.
The Shanghai Morning Post quoted Allan Wang Hao, a senior executive at Tesla China, who said the...
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