The power of 1%
Source: Reads with Ravi @readswithravi
The betting odds of Trump getting impeached again are back to all time highs following the Epstein List news today.
According to the WSJ, The Justice Department told President Trump in May that his name is among many in the Epstein files. Source: Kalshi, SpencerHakimian
Breaking news:
The lawsuit against right wing influencer Candace Owens is a rare case of a serving world leader personally suing an online influencer over their content. https://on.ft.com/4m2wk2C
Breaking news:
The US House Speaker has shut the congressional chamber until September, as Donald Trump’s allies seek to contain a spiralling crisis over the administration’s handling of the Epstein case. Source: FT
YouTube now owns 12.5% of all U.S. TV viewing time - more than any other distributor.
1B+ hours are watched daily on YouTube, surpassing Disney across broadcast, cable, and streaming. No studios. No soundstages. No scripts. Just total living room dominance. $GOOGL Source: Charlie Bilello
World's Most Valuable Defense Companies
Source: Global Statistics
The French government has launched a criminal investigation into Elon Musk’s X over 'the alleged manipulation of its algorithm' and 'fraudulent' data extraction, the social media platform said
Source: FT
JP Morgan Chase & Co. has begun publishing research reports on leading private companies.
Marking a strategic shift as these firms wield growing influence over global markets, a source told Reuters on Friday. The bank's first note focuses on OpenAI, the ChatGPT creator that ignited Wall Street's AI frenzy with a valuation surpassing $27?billion. As IPO timelines stretch and private market valuations rival those of S&P 500 companies, institutional investors are seeking earlier insights into disruptors like SpaceX and TikTok parent ByteDance. In an internal memo, JPMorgan's head of global research, Hussein Malik, said the reports will provide structured analysis and market tracking but will exclude ratings and price targets. "Private companies are increasingly shaping industries, particularly in the new economy space," Malik wrote. The timing reflects explosive growth in private markets. North America alone hosts over 1,000 unicorn startups valued above $1?billion worth nearly $4 trillion collectively, according to PitchBook. Private capital markets, spanning venture and private equity, reached $18.7 trillion last year and are projected to hit $24 trillion by 2029. RTTNews, Bloomberg
