INFORMANT

TRANSCRIPT

The Operator: According to Yahoo Finance, Elon Musk’s The Boring Company has raised $3 billion in a new financing round led by the United Arab Emirates. This latest valuation places the company at $23 billion, following a previous UAE contract to build a signature tunnel in Dubai.

The Operator: In metals, copper and Freeport-McMoRan shares dropped sharply after a Reuters report cast doubt on the White House broadening tariffs to cover refined copper. The decline was further exacerbated by surging oil prices and rising Treasury yields.

The Operator: Nasdaq’s venture capital arm is investing $100 million in Payward, the parent company of crypto exchange Kraken, to develop infrastructure for trading tokenized equities. The partners aim to launch these digital representations of securities in the some number of 2027.

The Operator: Robinhood CEO Vlad Tenev stated that public companies cannot control financial products built around their shares once they go public, responding to criticism from AMC CEO Adam Aron. Tenev clarified that holders of Robinhood's tokenized securities do not receive voting rights in the underlying company.

The Operator: OpenAI stated that its system of 10,some number coordinating agents solved the 90-year-old Navier-Stokes equation in 88 hours. The company's claim has drawn skepticism from mathematician Tristan Buckmaster, who questioned the methodology and potential data overlap.

The Operator: That is the wire.

The Operator: That's the show. We're on Spotify and YouTube — if this earned it: like, subscribe, tell a friend. And housekeeping: the machine that writes this gets tuned constantly for cleaner news. The numbers are real; the jokes are not. One more thing: this whole station runs on one garage computer, and if the tape ever earned you a coffee, there's a tip jar at informant.reiners.io. It keeps the phone line on.