Two Greek Oil Tankers Attacked In Hormuz, Bahrain Pummeled, As Mediators Push 10-Day Ceasefire

President Trump said on Sunday that the US was “low-keying it” with Iran and only “semi-negotiating” with the country, comments that come after a senior Iranian official laid out multiple conditions for the opening of the Strait of Hormuz. “We are only semi-negotiating with them. We are just watching Iran with its huge inflation and […]

$400 Billion Pharma Megadeal? Jefferies Calls Potential AstraZeneca-Bristol Myers Merger A "Head Scratcher" The Financial Times reported overnight that AstraZeneca has explored acquiring Bristol Myers Squibb in a potential megadeal that would create one of the world's largest drugmakers, with a combined market capitalization of nearly $400 billion. The report cited people familiar with the matter, while both pharmaceutical giants declined to comment. Some Wall Street desks, however, are struggling to see the strategic rationale behind such a combination. FT reported: The companies have held discussions about a tie-up in recent months, according...

California Has Gay-Certification Program To Tap Into $633 Million For "LGBT" Businesses Authored by Christopher F. Rufo & Austen Hufford via City Journal, Americans are used to handouts for favored groups. Affirmative action in university admissions, corporate “diversity” initiatives, and minority-owned contracting requirements direct opportunities, resources, and contracts to supposedly “oppressed” groups, such as women, Native Americans, blacks, and Hispanics. In California, state Democrats have embraced another kind of favoritism: contracts for state-certified gay-owned businesses. The scheme operates through the California Public Utilities Commission (CPUC), which regulates privately owned utility companies. California utilities...