Topic: political connections
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Trump Jr.-backed firm wins $620M government contract
Vulcan Elements, a rare-earth magnet startup, has secured a $620 million U.S. Department of Defense contract, the largest ever from the Pentagon's Office of Strategic Capital. The contract is part of a broader government initiative to strengthen the domestic supply chain, and it follows a trend o...
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U Penn Hacker Says Motive Was Money, Not Anti-DEI Stance
The University of Pennsylvania data breach was financially motivated, with the hacker aiming to access and potentially sell the wealthy donor database, not driven by ideological opposition to diversity initiatives. Compromised data includes sensitive personal information from donors, internal uni...
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Elon Musk's Epstein Emails Threaten His Crucial Year
Newly released emails show Elon Musk inquired about visiting Jeffrey Epstein's private island, contradicting his previous public denials of any association with the convicted sex offender. The controversy creates a significant public relations and financial risk, potentially denting his image wit...
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Who Owns TikTok? Key Facts About Its US Operations
TikTok's U.S. operations have been restructured into a new American-owned entity, "TikTok USDS Joint Venture LLC," in response to a 2024 U.S. law mandating separation from its Chinese parent company, ByteDance. ByteDance now holds only a 19.9% stake, with the remaining 80% owned by a consortium o...
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OpenAI's Latest Partnership: A Strategic Move
OpenAI has formed a strategic partnership with private equity firm Thrive Holdings, taking an ownership stake to accelerate AI adoption in IT services and accounting within its portfolio companies. The non-cash deal involves OpenAI contributing its employees and technology in exchange for a share...
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