Introduction to the 1995 Edition

Verizon Blames 'Human Error' For Burying A Jack Smith Subpoena From Congress Senate Judiciary Chairman Chuck Grassley (R-IA) and fifteen colleagues sent a letter to Verizon on Thursday demanding the telecom giant explain how a 2023 grand jury subpoena tied to Jack Smith's "Arctic Frost" investigation vanished from its own paperwork for more than two years - only to resurface after the company chalked the omission up to "human error." The letter, addressed to Verizon CEO Dan Schulman, is the latest turn in Grassley's monthslong excavation of Arctic Frost - the...

Ferrari Skids As Wartime Disruptions Hit Deliveries Ferrari shares fell as much as 3% in Milan after first-quarter results showed stronger-than-expected profit and cash flow, but the beat was overshadowed by a plunge in deliveries in the Middle East, as the U.S.-Iran conflict disrupted shipments to one of the luxury automaker's key markets. Ferrari's first-quarter results were broadly ahead of expectations on profit, revenue, and cash flow, but deliveries across EMEA, which includes Europe, the Middle East, and Africa, were the clear outlier. Regional shipments fell to 1,458 units, down 14% year...

Anthropic Opens Its Books To Wall Street As OpenAI's $20 Billion "Gross-Net" Hole Hangs Over AI Trade One number. That is what an entire equity complex, by now worth tens of trillions across public and private markets, is waiting for today in San Francisco. As Bloomberg first reported, Anthropic invited a select group of institutional investors to its headquarters for a closed-door session with senior leadership ahead of what could be the largest IPO in history. According to CNBC, the company will use the meeting to release updated financials, and one...