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SoftBank To Sell $11 Billion In Junk Bonds At Soaring Yields To Fund OpenAI Investments
SoftBank To Sell $11 Billion In Junk Bonds At Soaring Yields To Fund OpenAI Investments
It's only appropriate that just hours after we published an extensive report looking at the trillions in debt funding the AI supercycle - which just this year stands at $568bn, of which $259bn issued in IG, followed by $256bn across Private Credit, Direct Lending, and other bilateral/non-syndicated lending (for SPVs and infrastructure finance), another $40bn for HY and $11bn for institutional loans...
... that SotBank launched what Bloomberg dubbed "one of the biggest junk bond deals ever",...
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Oct 2, 2026 / Tyler Durden
Waste Of The Day: Defunct Veterans' Hotline
Waste Of The Day: Defunct Veterans' Hotline
Authored by Jeremy Portnoy via RealClearInvestigations,
Contractors working at the Department of Veterans Affairs' suicide-prevention hotline earned $11.2 million without answering a single phone call, according to a Sept. 1 report from the VA inspector general.
Key facts: The Veterans Crisis Line is available 24 hours per day for veterans experiencing a mental health emergency. Trained government staff answer calls, provide support and send a medical team if there is an immediate risk of harm.
In 2019, a contractor was hired to establish a backup crisis...
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Nov 3, 2026 / Dave DeCamp
Trump Says US Watched Iran Build Air Defense Facility on Qeshm Island Before Bombing It
President Trump on Tuesday acknowledged that the US bombed Iran’s Qeshm Island on Monday and said that the US struck an anti-aircraft “facility” that it watched get built for two months. The president made the comments about the strike, which he downplayed as a “minor attack,” during an appearance on “Fox & Friends” as he […]
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Apr 16, 2026 / Tyler Durden
Jeep-Maker Stellantis Signs AI Deal With Microsoft
Jeep-Maker Stellantis Signs AI Deal With Microsoft
Stellantis and Microsoft are teaming up in a five‑year strategic deal to accelerate the deployment of AI across the automotive company's large portfolio of brands, including Alfa Romeo, Chrysler, Jeep, Maserati, Peugeot, and others.
The companies plan to develop more than 100 AI initiatives across customer care, product development, and operations. These include predictive maintenance, AI-assisted testing and validation, faster rollout of digital features, and personalized in-car services.
"By leveraging AI‑driven insights from secure, encrypted data, Stellantis reaffirms its commitment to put customers at...
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