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Snubbed By SpaceX, Jefferies Now Helping Traders Short World's Biggest IPO
Snubbed By SpaceX, Jefferies Now Helping Traders Short World's Biggest IPO
Two weeks ago, when the SpaceX IPO prospectus landed, we observed, that "Goldman is lead left; and pretty much every other bank is on the cover."
Goldman is lead left; and pretty much every other bank is on the cover. They need that to sell it to retail https://t.co/9JogVIxo1i pic.twitter.com/nSnvx6tWqs
— zerohedge (@zerohedge) May 20, 2026
Yet one bank was missing: middle-market specialist (with a penchant for junk bonds and lack of due diligence on private credit deals), Jefferies.
Whether it was shunned...
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May 8, 2026 / Tyler Durden
UCLA Med School Illegally Using Race In Admissions: DOJ
UCLA Med School Illegally Using Race In Admissions: DOJ
A DOJ investigation into the University of California–Los Angeles (UCLA) found its medial school allegedly used applicants' race to discriminate against white and asian candidates.
Royce Hall on University of California, Los Angeles, campus is seen in Los Angeles on Aug. 15, 2024. AP Photo/Damian Dovarganes, File
In a seven-page letter released on Wednesday, the agency’s Civil Rights Division wrote that UCLA "continues to intentionally discriminate against applicants based on their race after the Supreme Court’s decision in Harvard by granting and denying admission on the...
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Apr 27, 2026 / Tyler Durden
Supreme Court Hands Texas GOP Redistricting Win, While Virginia Judge Backs Democrats
Supreme Court Hands Texas GOP Redistricting Win, While Virginia Judge Backs Democrats
The U.S. Supreme Court on Monday granted Republicans a significant boost in the ongoing battle over congressional boundaries, issuing a summary reversal that allows Texas to proceed with its 2025 mid-decade congressional map for the November 2026 elections.
In the case, Abbott v. League of United Latin American Citizens, the justices overturned a federal district court’s earlier injunction against the new boundaries. The majority referenced its own prior opinion from late 2025 in the same litigation, while Justices Sotomayor, Kagan,...
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Jun 16, 2026 / Ashes of Pompeii
Why Iran Signs the MOU: Realism Over Illusion
The announcement that United States and Iranian negotiators have agreed to a Memorandum of Understanding to end the war raises an obvious and pressing question. Why would Tehran sign anything with a Trump administration? The biggest danger is not simply that the United States will renege on its commitments or fail to deliver on economic […]
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