What JPMorgan Saw Inside Tesla's Fremont Factory As Humanoid Production Nears

FDA Grants Quick Review Psychedelic Drugs, First Approvals Could Come As Soon As Summer The FDA announced new steps to speed up research on psychedelic treatments for serious mental health conditions, following an executive order from President Donald Trump directing agencies to expand access to emerging therapies, CNBC and NBC reported this morning: In a press release Friday, FDA commissioner Marty Makary said the medications “have the potential to address the nation’s mental health crisis, including conditions like treatment resistant depression, alcoholism and other serious mental health and substance abuse conditions.”...

Grain That Feeds Half The World Set For Biggest Annual Gain Since 2003 Chicago rice futures are on track for their largest annual gain since 2003 as the grain that feeds much of the world becomes increasingly expensive amid an intensifying El Niño and diesel-fuel and fertilizer supply disruptions stemming from turmoil in the Strait of Hormuz and the Russia-Ukraine war. Despite encouraging signals of a potential Black Sea peace deal, which sent wheat futures tumbling earlier today, the risk of a broader food crisis next year remains elevated. Chicago...

New OpenAI Funding Round Could Top $100 Billion, Pushing Valuation North Of $850 Billion OpenAI's private valuation could soon top $850 billion, as the first tranche of a new funding round is expected to raise more than $100 billion, giving the ChatGPT maker fresh powder for additional infrastructure spending and faster development of its AI tools, Bloomberg reported. People familiar with the fundraising told the outlet that the ChatGPT maker's valuation could exceed $850 billion, with a reported pre-money valuation of $730 billion. The first phase of the funding round is being...