Leon Black Sues Congress To Avoid Epstein Testimony

MP Materials' Lawsuit Against USA Rare Earth Highlights Battle For America's Future In Minerals USA Rare Earth has dismissed a lawsuit filed by MP Materials, calling the claims "completely without merit" and arguing the case is an attempt to slow its growth. The company said it will deny all allegations that it improperly obtained confidential information from a former MP employee, according to Bloomberg. The dispute underscores intensifying competition in the U.S. rare-earth sector, where both companies are racing to build domestic mining, processing, and magnet-production capabilities. USA Rare Earth said...

Big Tech Pushes Back On Paying For A Grid That Was Crumbling Long Before AI When Big Tech signed President Trump's Ratepayer Protection Pledge in March, promising to pay for all the new grid infrastructure upgrades required to service their data centers, we cautioned that "voluntary pledges from trillion-dollar tech giants have a habit of evolving." Seven months later, the hyperscalers are pushing back on how much of the grid's bill is theirs to pay. The past week brought a Democratic Senate report and a North Carolina utility settlement, and FERC is...

Here's Why the US Manufacturing Surveys Are Diverging So Dramatically... Update (1015ET): As we noted below, there was a significant divergence between the two manufacturing surveys for July... which is not that unusual, and also an odd divergence between falling inflation expectations and universally rising commodity prices. Based on the responses to the ISM survey, we may have found the answer... and it's a familiar one in this bifurcated economy... Green ones from AI, semiconductor, electronics and machinery firms report strong demand from AI data centers, chips and defense. Red ones from metals,...