Apple Sues OpenAI Alleging Trade Secret Theft In Blockbuster AI Hardware Case

Riyadh Seeks To Replace Israel With Syria For EU Fiber-Optic Cable Route Via Middle East Eye Saudi Arabia wants to replace Israel with Syria as the transit country for a fiber-optic cable designed to connect the kingdom to Greece through the Mediterranean Sea, two regional officials familiar with the project told Middle East Eye. Saudi Arabia's insistence that it be connected to Greece through Syria, and not Israel, as previously discussed, underscores how regional alignments are shifting as Riyadh looks to bolster Damascus’s standing in the region and potentially isolate Israel. via AFP Saudi Arabian Crown Prince Mohammed bin Salman has...

"Cash Crunch" Deepens? Mark Walter Explores Chelsea FC Stake Sale To Clearlake The latest developments surrounding Mark Walter's empire appear to reinforce Yahoo Sports reporter Jack Baer's warning last week of a potential "cash crunch" following the abrupt $12.5 billion sale of the Los Angeles Lakers to Josh Kushner and former Disney chief Bob Iger. The Financial Times also reported last week that the FBI seized phones belonging to Walter and Guggenheim Investments President Dina DiLorenzo last year as part of a federal investigation into entities controlled by Walter. Bloomberg reported...

WTI Extends Losses After Biggest Crude Build In 3 Years Oil prices are sliding this morning following as an over-supplied market (API reported a huge 11.4mm barrel build last week) beats the geopolitical risk premia (with the US poised to attack Iran). "Iran, rather than backing down and agreeing to all and any term [U.S. President Trump] is placing on the table (as he had expected), is instead daring him to attack. "Just you try it and you will see what you will get!" is kind of what Iran implicitly said...