Medicare is testing the use of AI to conduct prior authorizations to target wasteful medical spending
All the reasons Marvell investors are ’freaking out’ as Lumentum deal rumors swirl
Investors are nervous that Marvell would have to pay a big premium — and wait a while for China to approve any deal.
Michael Burry followed Anthropic’s cash and saw familiar names
Most people with an S&P 500 index fund have never put a dollar into Anthropic, yet many own a piece of it anyway. The Vanguard S&P 500 ETF (VOO) holds Amazon.com Inc. (AMZN) and Alphabet Inc. (GOOGL), and both own big stakes in the Claude maker.
That link got louder this week. Anthropic filed its registration statement with the SEC on Monday, Oct. 26, 2026, to list on Nasdaq under the ticker ANT.
Michael Burry, “The Big Short” investor, read the filing and followed the money. His Substack post on Tuesday, Oct. 27, 2026, kept landing on Amazon, Alphabet’s Google, and Microsoft Corp. (MSFT).
Burry argued that this web leaves the system “catastrophically vulnerable” if growth stalls. He tallied about $537 billion in computing and equipment commitments tied to the filing, according to Seeking Alpha.
“There is a lot here but nothing that changes my view,” Burry said.
The dollar figure is striking, but the names explain his worry. Each plays several roles in Anthropic’s business at once.
Also read: Anthropic’s Elvis lawsuit could reach inside Claude itself
The same names show up at every stop
Start with where Anthropic’s money goes. Amazon, Google, and Microsoft supply much of the computing power that trains and runs Claude. Those deals require Anthropic to pay “regardless of usage,” Reuters reported from a draft of the filing.
The list reaches beyond cloud companies. Anthropic expects to pay Elon Musk’s SpaceX (SPCX) about $3.1 billion a month at full capacity, CNBC reported. Bills that size leave little room for a slow quarter.
Now follow it the other way. Amazon and Google are also major Anthropic investors. Amazon even holds convertible notes, a type of loan, and some will convert into Anthropic shares at the listing, according to the S-1.
The same companies help Anthropic sell. About 47% of its 2025 revenue came through Amazon’s and Google’s cloud marketplaces, Reuters reported from a draft filing. The cloud provider keeps a fee on each of those sales.
Anthropic does not hide the tension. Its S-1 warns that these overlapping roles create “complex dynamics that could give rise to conflicts of interest.” It also says some partners build rival models and have not supplied all the computing power it sought.
Amazon’s second-quarter profit included $53.4 billion in non-operating gains, mostly from its Anthropic stake, nearly double its operating income.VCG / Getty Images
The loop already runs through Big Tech profits
This is where Burry’s warning stops being only about Anthropic. Amazon’s second-quarter net income included $53.4 billion in non-operating gains, mostly from its Anthropic investments, according to a press release.
Amazon’s operating income, the profit from its stores, ads, and cloud, was $27.5 billion, as the same release shows. A paper markup outweighed the whole operating business nearly two to one.
Alphabet has felt the same lift. Anthropic stakes were the biggest first-quarter profit driver at both giants, Fortune reported. When they invest more or pledge more cloud capacity, Fortune noted, Anthropic’s valuation tends to climb, and so do their stakes.
That works well while the numbers rise. A stumble at Anthropic, however, would hit their cloud revenue and their investment gains at once.
Growth is what keeps the circle turning
So far, the growth has been real. Anthropic’s second-quarter revenue rose 1,368% from a year earlier, according to the S-1. Compute and infrastructure costs rose 300%, the filing shows, supporting the company’s case that it is getting more efficient.
Then the pace cooled. Anthropic told prospective investors that third-quarter revenue grew about 45% from the second quarter, Reuters reported. Revenue had more than doubled the quarter before.
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Most companies would celebrate that, and Anthropic said it was profitable on an adjusted basis, Bloomberg reported. Its commitments, however, were signed for a steeper curve.
The gap matters because Anthropic typically buys computing capacity 12 to 18 months ahead, according to the S-1, so those costs stay largely fixed. Revenue can slow in any quarter, but the bills arrive on schedule.
Burry is not a neutral reader. Last month, he posted that markets should “tank hard” to keep OpenAI and Anthropic from going public, TechSpot reported. Still, the filing’s own risk section backs his point.
Amazon has felt a paper gain flip before
Amazon shareholders have seen a stake like this reverse. Its holding in Rivian Automotive Inc. (RIVN) produced an $11.8 billion pretax gain in 2021, according to its earnings release.
A year later, Rivian’s sliding shares turned that stake into a $12.7 billion loss, the same release shows. The markdown pushed Amazon to a net loss for 2022.
The lesson is about timing. Rivian traded publicly, so Amazon’s stake reset with its stock price every quarter. The Anthropic stakes mostly reprice when Anthropic raises money, and the listing will change that.
Amazon reports third-quarter results on Thursday, Oct. 29, 2026, its first report since the filing. Next comes the price range in Anthropic’s amended S-1, which will ripple into earnings most index-fund owners already hold.
The biggest players in the AI buildout are increasingly tied together through one another’s stock. Anthropic’s listing is the moment that paper starts trading in public, where it can fall as easily as it rose.
Related: What Jim Cramer is watching as Anthropic heads to Nasdaq
Maker Of Wild Turkey And Grand Marnier Tumbles After North American Sales Go Flat
Maker Of Wild Turkey And Grand Marnier Tumbles After North American Sales Go Flat
Shares of Italian spirits group Campari, maker of Aperol, Wild Turkey, SKYY vodka, and Grand Marnier, plunged the most in European trading since May after an unexpected decline in third-quarter North American sales.”In North America, we are still growing, just to be clear, but the overall growth trajectory for this year is being impacted by the US,” CEO Simon Hunt told analysts on the company’s earnings call.Third-quarter sales rose 3.2% to 777 million euros, exceeding the Bloomberg Consensus estimate of 761.8 million euros. Strength in Europe and developing markets offset weakness elsewhere, allowing Campari to maintain its full-year organic net sales growth forecast of about 3%.Dismal performance in its North American market sent Campari shares spiraling as much as 7.5% in Europe. Organic sales in the region fell 2%, versus expectations of a 2.7% increase, according to Jefferies analysts.Jefferies analyst Edward Mundy said there were “some bright spots,” highlighting the performance of aperitifs and the European business.”However, the group organic print is inline and North America -2.0% misses cons +2.7%,” Mundy wrote in a note to clients earlier.RBC Capital Markets analyst James Edwardes Jones attributed the weakness in North America to the part of the portfolio outside tequila and aperitifs.Barclays analysts noted, “The US is a tale of two portfolios, and the better half is also the more profitable one. The watch points are US softness outside aperitifs and tequila.”UBS analyst Pilar Rocafort wrote, “FY26 guidance was confirmed, although the regional mix has shifted toward stronger Europe and marginally declining North America. The top-line mix could put some pressure on the shares.”Whether gasoline above $4 a gallon is squeezing spending on premium spirits or weaker demand reflects a broader decline in alcohol consumption among younger Americans, Campari faces a challenge shared across the industry: how to reinvigorate its brands in the US.
Tyler Durden
Thu, 10/29/2026 – 12:55
LOL! CNN’s Dana Bash Claims Trump Doesn’t Get Much Pushback, Not as Much as Anyone Else Would (VIDEO)
Screencap of Twitter/X video.
Dana Bash of CNN recently appeared on the Anthony Scaramucci podcast and claimed – with a straight face – that President Trump doesn’t face much pushback, then went on to say he doesn’t face as much as anyone else would.
This is how completely out of touch with reality these people really are.
Does a day even go by when Dana’s own network doesn’t accuse Trump of some insane, imagined, act of wrongdoing? Their entire brand is built on ‘pushing back’ on Trump.
The entire Democrat Party is currently running on ‘pushing back’ on Trump. What is she even talking about?
From Jason Cohen:
CNN’s Dana Bash claims Trump *BARELY* gets “PUSHBACK”
Bash asserted Trump only gets “a little bit” of resistance — and “not as much as any other living human being would.”
Wrong. The reverse is actually true.
Trump gets bombarded with unprecedented “pushback”:
– Assassination attempts
– Constant negative media coverage
– Democrat and Fake News hoaxes
– Impeachments
– Indictments
– Lawfare
– Protests
Just because Trump is the Teflon Don and has mastered The Art of the Comeback doesn’t mean he doesn’t face “pushback.”
Here’s the video:
NEW: CNN’s Dana Bash claims Trump *BARELY* gets “PUSHBACK”
Bash asserted Trump only gets “a little bit” of resistance — and “not as much as any other living human being would.”
Wrong. The reverse is actually true.
Trump gets bombarded with unprecedented “pushback”:
-… pic.twitter.com/xwsaGLxXoS
— Jason Cohen (@JasonJournoDC) October 27, 2026
This is why no one trusts the media anymore.
The fact that Dana Bash can say this and possibly even believes it, shows how out of touch they are with o many average Americans.
Trump supporters have heard nothing but pushback from Dana and her media colleagues for more than a decade now.
The post LOL! CNN’s Dana Bash Claims Trump Doesn’t Get Much Pushback, Not as Much as Anyone Else Would (VIDEO) appeared first on The Gateway Pundit.
Welcome to Cambodia: Cruise ship passengers who booked 4-year trip to avoid Trump now facing new shock
A cruise ship company offered a multi-year trip for people who were upset that President Donald Trump had won a second term and wanted to avoid the U.S. during that time.
They paid tens of thousands, hundreds of thousands of dollars to live on the Villa Vie Odyssey cruise ship for the term.
Now they’re not.
That’s after the cruise ship corporation ran out of money and ordered the passengers, hundreds of them, off the ship to find their own accommodations in Cambodia. And to find their own travel home.
A report at Reuters cited the situation of Paul and Lynn Montoya, from Colorado, who said they sold their house and cars so they could buy a $179,000 cabin on the ship, paying another $6,000 a month in “fees.”
It lasted 17 months until the cruise company ordered them, and 200 others, to take their pets, their personal items, and leave the ship.
Cruise line offers 4-year voyage for those wanting to leave the USA because Trump won https://t.co/MslBj2EQZp
— Not the Bee (@Not_the_Bee) November 12, 2024
A U.S. cruise ship on an around-the-world voyage that touted its cabins as floating homes suspended its three-year voyage in Cambodia due to fuel costs, forcing hundreds of passengers to disembark. https://t.co/zwf99BE8h7 https://t.co/oseNang2or
— CBS Evening News with Tony Dokoupil (@CBSEveningNews) October 28, 2026
Couple who paid $1 MILLION to travel on ‘cruise for life’ say they have no regrets despite being dumped in Cambodia when company ran out of cash https://t.co/QoZem7Inqj
— Daily Mail (@DailyMail) October 28, 2026
Passengers on an “eternal” American cruise unexpectedly disembarked in Cambodia due to fuel costs. Some passengers had sold their homes and all their possessions in order to live permanently at sea. Around 200 passengers found themselves stranded. People were given only a few hours to prepare. The organizers even failed to help them find accommodation in nearby hotels. The cruise began in 2024 and was supposed to last for several years. Fuel costs had risen from $1800 to $6000-8000 (from 145,000 to 484,000-645,000 rubles) per cabin per month. The company itself claims that it is looking for temporary housing options. By the way, this is the same cruise company that, in 2024, offered to spend the duration of Trump’s term in office on a round-the-world cruise. Now, Trump is simply obligated to save this cruise!
— Sprinter Press (@Sprinter_Press) October 29, 2026
Residents of the Villa Vie Odyssey cruise ship were left stranded and at a loss in the Cambodian port city of Sihanoukville after being told to leave the vessel, saying the operator had run out of money to pay for fuel https://t.co/9Ekw1dmlMQ https://t.co/NS18N7Bpzl
— Reuters (@Reuters) October 28, 2026
The report said Paul Montoya confirmed, “We just saw it as a great opportunity to be able to see the world.”
He said, “They’ve run out of money. That’s why they couldn’t buy fuel. They’ve even had difficulties paying the crew on the ship, which even makes it more difficult. So we’re really not expecting any money back.”
The company said it was trying to restructure.
Paul Montoya explained there were signs of trouble: “And then when we got to Cambodia, absolutely no internet. And the food quality began to deteriorate about three months ago, and we knew that the company was running out of money at that time.”
Not the Bee reported, “Rather than keep them apprised of the situation and offer them options, the cruise line gave their passengers only eight hours to get off the ship and find lodging in Cambodia.”
The cruise line blamed Trump.
Its statement said, “Since the (Iran) conflict began in late February, we have taken significant steps to reduce fuel consumption, including slowing the itinerary and spending more time in port. Those measures have not been enough to offset the extraordinary increase in fuel costs, and we have been unable to continue carrying the resulting operating losses.”
How ‘Clayface’ And ‘Lanterns’ Could Give DC An Edge Over Marvel
DC Studios could use the genre experimentation of ‘Clayface’ and ‘Lanterns’ to distinguish the DCU from Marvel and redefine the future of superhero storytelling.
Northern Lights Forecast: Aurora Could Be Visible This Weekend In These States
The Earth could see the effects of minor geomagnetic storms early on Saturday morning, according to a forecast.
The Dangerous Car Recall You Can’t Ignore
Your vehicle may face a far greater risk of a spontaneous fire than you might expect.
According to Carfax, there are currently 3.2 million vehicles in the U.S. under active fire-risk recalls. In the automotive industry, these are commonly referred to as “park outside” orders.
Too often, when drivers receive a recall notice in the mail, the reaction is: “Yeah, I get all these recall letters. I’ll deal with it later.”
Please hear me on this: This one is real.
Why Modern Vehicles Are Catching Fire
Auto industry experts can only speculate on the full scope of the cause, but the consensus points to the sheer volume of complex electronics packed into modern vehicles.
When you combine a combustible fuel source like gasoline with faulty or short-circuiting electronics, trouble follows. Worse yet, this doesn’t just happen while driving. You don’t even have to be inside the vehicle. The car can be sitting parked, completely turned off and “sleeping” as far as you know, and it can still spontaneously combust.
Modern vehicle complexity has created this enhanced hazard. It doesn’t mean every car under a recall will burst into flames tomorrow, but it means the risk is elevated enough that manufacturers and safety regulators are sounding the alarm.
Critical Actions Every Driver Must Take
1. If You Have a ‘Park Outside’ Notice, Believe It
If your vehicle has an active park-outside order, do not ignore it, and do not park it inside an attached garage or carport.
If you continue to park indoors, you risk losing your entire home. I have personal friends who experienced this exact nightmare: Their vehicle spontaneously combusted in their garage, burning their house to the ground. They barely escaped with their lives.
I’m not saying your garage will catch fire tonight, but why take the chance? If you can park outside, away from your home, do so until the repair is completed.
2. Make the Time to Get the Repair Done
Across the country, driver response rates to safety recalls have dropped lower and lower. I understand why:
We lead busy lives.
We rely on our cars every day to get to work and transport our families.
Only certain auto brands offer loaner vehicles while they perform warranty or recall work.
Because taking a car to the dealership is an inconvenience, people put it off. But an open fire-risk recall is not something to delay.
The manufacturer did not build a fire hazard intentionally, but the repair is necessary to protect you and your property. You have to make time, schedule the appointment, and accept the temporary inconvenience to resolve the issue.
How To Check Your Vehicle for Open Recalls
It’s good practice to check every car in your household — including vehicles driven by your kids or teenagers — at least once a year. It only takes a couple of minutes to verify your safety status using your 17-character Vehicle Identification Number (VIN):
NHTSA.gov: The National Highway Traffic Safety Administration offers a free, searchable database (nhtsa.gov/recalls) where you can enter your VIN to see any uncompleted safety recalls.
The Center for Auto Safety: If you want an even deeper look or find government databases tricky to navigate, the Center for Auto Safety maintains an extensive database tracking safety complaints, defect investigations, and issues that may extend beyond standard recalls.
Recall repairs are performed by authorized dealerships free of charge. Don’t let an unread piece of mail put your home or safety on the line—look up your VIN today and schedule any pending fixes.
The post The Dangerous Car Recall You Can’t Ignore appeared first on Clark Howard.
Kamala Harris Warns Democrats Against Impeaching Trump If They Capture Congress
Kamala Harris Warns Democrats Against Impeaching Trump If They Capture Congress
Authored by Jack Phillips via The Epoch Times,Former Vice President Kamala Harris on Tuesday cautioned congressional Democrats from moving to impeach President Donald Trump if they prevail in the midterm elections.”I think that going in the direction of impeachment is not a good idea, just to be honest with you, just because we have limited resources,” Harris told MeidasTouch in an interview published on Tuesday.”I think the energy and the resources need to be put into accountability, need to be put into investigations,” the Democratic 2024 presidential nominee, who lost to Trump, also said. “And that’s where the time should be spent.”Harris noted that she was in the Senate during the last attempt to convict Trump following a House impeachment.The House requires a simple majority to impeach a president, while the Senate requires two-thirds of the upper chamber to vote.”The votes aren’t there,” she added. “Think after the election, we all have to just also agree that our attitude has to be to get stuff done.”Trump was impeached twice: once in late 2019 following a whistleblower complaint over a call he held with Ukrainian President Volodymyr Zelenskyy, and a second time in early 2021, just days after the Jan. 6, 2021, breach of the U.S. Capitol.Both impeachment attempts failed to meet the two-thirds threshold needed to convict.In the 2019 attempt, House Democrats alleged Trump engaged in crimes worthy of impeachment over what they claimed was an attempt to pressure Ukraine’s government by using military aid in exchange for investigations into then-Democratic former Vice President Joe Biden and his son, Hunter Biden.The second impeachment was launched after the Jan. 6 incident, when Democrats and a handful of Republicans accused Trump of trying to incite an insurrection with his remarks before the Capitol breach and after the 2020 election.The remarks from Harris come amid chatter that Democrats, if they capture the House of Representatives during next week’s election, could move to impeach Trump or a top White House official.Democrats Target HegsethHouse Minority Leader Hakeem Jeffries (D-N.Y.) was asked over the past weekend whether he would support an impeachment resolution that was introduced last month targeting Department of War Secretary Pete Hegseth.”We’re going to hold him accountable in the same way that we held Pam Bondi and Kristi Noem accountable,” Jeffries, who would be poised to become the next House speaker if Democrats win, told MS NOW on Oct. 24.He was referring to the Trump administration’s previous attorney general and Homeland Security secretary, respectively.”And Pete Hegseth needs to be pushed aside by the president, or we’re going to have to deal with that situation if he is not,” Jeffries said, adding that Democrats would attempt to “run him out of town.”When asked whether he would support the resolution, Jeffries did not commit to impeaching Hegseth.Instead, the House minority leader said he would be inclined to “act consistently with what [he has] said relative to Pete Hegseth from the very beginning,” which is calling for his firing.Rep. Thomas Massie (R-Ky.), who lost his primary bid earlier this year and is leaving the House, introduced a resolution in September to impeach Hegseth and said the conflict with Iran was unlawful, as Congress did not approve it.Massie also said that the U.S. military engaged in unlawful strikes on boats in the Caribbean and eastern Pacific; an alleged attempt to retaliate against Sen. Mark Kelly (D-Ariz.), a former armed service member; and in other policy initiatives launched by the Pentagon.In response to the impeachment proposal, a Pentagon spokesperson told media outlets that Hegseth has acted in the interest of the Department of War – the preferred name used by the Trump administration for the Department of Defense.”Secretary Hegseth has been a transformative leader for the Department of War. Standards and merit are back, our arsenal is stronger than ever before, and morale and recruitment across every service are at all-time highs,” the spokesperson said.”Secretary Hegseth has slashed bureaucracy, unleashed innovation, and delivered for our warfighters every step of the way.”
Tyler Durden
Thu, 10/29/2026 – 12:40