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Zero Rss

Self-Flagellation Nation

Zero Rss
4 weeks ago
Self-Flagellation Nation

Authored by Frank Filocomo via RealClearBooks,

You've probably heard the refrain before, but it bears repeating: The West is the best.

As I write this, it's nearly one hundred degrees Fahrenheit here in Brooklyn. Thank God for air conditioning.

The air conditioner, by the way, was invented by the New York-born Willis Carrier in the early part of the twentieth century. Willis was, without question, a product of Western Civilization.

Before the AC - which we, no doubt, take for granted nowadays - our ancestors, when faced with the dog days of summer, would have no choice but to sit on ice blocks, drink cold beverages, and fan themselves to stay cool.

Many non-Western countries still resort to these old methods.

The computer in which I am typing this article is also a product of Western innovation. After I finish writing this, I'll use it again later today to schedule a doctor's appointment, wherein I'll likely be prescribed Western medicine.

Okay, okay. What am I getting at here? Well, simply, I am proud to be a product and inhabitant of Western Civilization.

Not all, however, feel such gratitude.

In his latest book, Suicidal Empathy: Dying to Be Kind, Gad Saad documents the myriad ways in which Westerners today engage in ethno-masochism and self-flagellation.

"The suicidally empathetic person," Saad writes, "feels guilty that they were born in the West, whereas others were not as fortunate."

To be sure, we do indeed have it good here. And there's nothing wrong with having empathy for those who've never experienced Western living.

Under Maduro's rule in 2017, starving Venezuelans were literally stealing animals from the Zoo with the intention of eating them.

That's not a problem we have here in the West. It's natural to pity such people.

It is when our pity becomes excessive, to the point where we are hurting our own in the pursuit of altruistic ends, that we encounter civilizational decay.

While reading Saad's book, which relates dozens of stories of "privileged" white Westerners forgoing their own welfare to appear morally virtuous, I recollected the now-famous tiff between Trump advisor Stephen Miller and then-CNN journalist Jim Acosta, wherein Acosta basically argues that our immigration policy should be dictated by the Emma Lazarus poem tacked onto the Statue of Liberty.

"Give me your tired, your poor, your huddled masses yearning to breathe free..."

I don't know, Emma. I'm not sure that's always such a good idea.

As Saad rightly notes throughout the book, non-Western immigration has fundamentally altered the identities of many once-great European nations, rendering them nearly unrecognizable.

That Islamists come here with the intention of bringing with them their illiberal and theocratic cultural attitudes is of no concern to the wide-eyed liberal, who is more fearful of coming off as "Islamophobic" than they are of being sexually assaulted by Muslim grooming gangs.

"Suicidal empathy," Saad writes, "leads to caring more about the rights of rapists and felons than their victims."

Right-wing shock jock and host of Get Off My Lawn Gavin McInnes once quipped that the Left is so tolerant that they tolerate the intolerant.

Truer words have never been spoken.

Equipped with a sardonic wit, Saad plays the Left's language game. Just as we've been coached to say "undocumented immigrant" when referring to illegal aliens - the correct term - Saad, in a dark but humorous attempt to demonstrate his Suicidally Empathetic bona fides, refers to rapists as "undocumented lovemakers."

To be sure, some readers might find this dark humor to be flippant and distasteful. I'm a bit ambivalent about it myself. Still, the point holds: to the Suicidally Empathetic Left, it is more important to demonstrate tact and

Tyler Durden Fri, 07/10/2026 - 20:50
Tyler Durden

When Billion-Dollar Non-Profits Stop Looking Like Charities

Zero Rss
4 weeks ago
When Billion-Dollar Non-Profits Stop Looking Like Charities

Authored by Jeff Patch via RealClearMarkets,

AltaMed Health Services reported $1.72 billion in revenue in 2024, which is more than many publicly traded healthcare companies. Yet unlike a public corporation, the nonprofit entity answers to no shareholders, enjoys broad tax exemptions, and derives much of its revenue from taxpayer-supported healthcare programs.

AltaMed also reported $1.66 billion in assets and its revenues exceeded expenses by $68.4 million. It operates more than 70 clinics, employs roughly 5,000 people, and serves more than 700,000 patients throughout Southern California, making it one of the nation's largest federally qualified health center (FQHC) systems.

But AltaMed's extraordinary growth raises another question that extends far beyond Southern California: What happens when a nonprofit grows into a multibillion-dollar enterprise while retaining the governance structure of a traditional charity?

That question has become increasingly relevant as individual nonprofit hospital systems, universities, and other charitable organizations now control hundreds of billions of dollars in assets while benefiting from tax exemptions, government reimbursements, tax-deductible donations, and public financing. Their primary accountability mechanism is a board of directors charged with ensuring that charitable resources remain devoted to public benefit rather than private profits.

Since 2001, AltaMed has paid more than $32 million in compensation to its CEO, Castulo de la Rocha, his wife Zoila Escobar, and one of their sons - which is significantly higher than most of its peer FQHCs. For instance, the chief executives of Family Health Centers of San Diego, Family HealthCare Network, and Comprehensive Community Health Centers each earned substantially less than de la Rocha in 2024 despite overseeing similarly large healthcare organizations.

Following scrutiny of excessive executive pay more than a decade ago, AltaMed adopted a split-dollar life insurance loan program designed to help retain selected executives. The program has provided substantial loans to a small group of senior leaders to finance life insurance policies. Split-dollar arrangements are technically legal, although federal officials have cautioned that similar structures have been used improperly in certain tax-avoidance schemes.

Executive compensation is only one measure of nonprofit governance. Equally important is how charitable organizations deploy their resources and whether those expenditures advance the mission for which they receive tax-exempt status.

Over the past two decades, AltaMed has built one of the country's most prominent collections of Chicano and Latino art. It says the collection supports its "Art as a Holistic Approach to Healthcare" initiative, and that artwork displayed throughout its clinics creates a more welcoming and therapeutic environment for patients.

However, AltaMed's involvement in the arts extends far beyond decorating clinic walls - it owns a collection of approximately 4,000 works of Chicano, Mexican, and Latin American art, the value of which exceeds $6 million. It has spent as much as $2 million on art-related activities outside the United States in places like Mexico City, Rome, Berlin, and Madrid. More recently, it has supported plans for a Museum of Chicano and Mexican Art in downtown Los Angeles, spending at least $150,000 on lobbying related to the proposal.

The organization has unquestionably expanded access to healthcare for hundreds of thousands of Californians. But AltaMed's growing role as an arts patron raises legitimate questions about how closely those activities are connected to its charitable healthcare mission.

That is a challenge that extends well beyond AltaMed. Nonprofit executives regularly oversee budgets larger than many cities, yet they remain governed by rules and oversight mechanisms developed for a much smaller nonprofit sector.

Congress created the tax-exempt status because charitable organizations provide public benefits that markets alone may not deliver. That public trust depends on confidence that charitable assets are being used primarily to advance charitable purposes, and not the financial interests of insiders. As nonprofits continue to grow in both size and complexity, policymakers should ask whether the accountability standards governing billion-dollar charities have kept pace with the institutions they now oversee.

Jeff Patch is an Iowa-based writer focused on legal, regulatory and political challenges that impact businesses and markets. Patch is a former Des Moines Register correspondent and Politico staff writer.

Tyler Durden Fri, 07/10/2026 - 19:45
Tyler Durden

Turkey Seeks Moscow Permission To Offload S-400s, Paving Way For US F-35 Deal

Zero Rss
4 weeks ago
Turkey Seeks Moscow Permission To Offload S-400s, Paving Way For US F-35 Deal

In a move that could break a years-long defense procurement deadlock with Washington, Turkey is finalizing the sale of its Russian S-400 air defense systems to Gulf states, potentially clearing the way for Ankara to buy US F-35 fighter jets, Turkish newspaper Hurriyet reports Friday.

For Ankara, offloading the Russian hardware resolves a years-long costly diplomatic and military bottleneck and controversy - a situation which dramatically improved after President Trump gave a clear greenlight during the annual NATO summit in Ankara this week.

But apparently it needs Moscow's formal permission before doing this, as Bloomberg reports, "Turkey is seeking Russia's consent to transfer air defense systems it bought from Moscow to a third country, an effort aimed at clearing the way for the purchase of US-made F-35 fighter jets."

via Reuters

"Ankara made the approach in recent weeks, just months after President Recep Tayyip Erdogan proposed returning the S-400 missile systems to Russia — an idea that gained little traction, said Turkish officials, who asked not to be identified because the discussions are private," the report continues.

When asked by reporters whether he would lift legal restrictions on the transfer of the stealth fighter jet to Turkey, Trump responded, "We have a better relationship with Turkey, and Turkey has been in many ways much more loyal than other countries that we think would be loyal. And certainly something we will consider - yeah."

By disposing of the Russian equipment, Ankara is resuming talks on F-35 fighter jets and securing supplies of critical engine components for its own KAAN combat aircraft program, Hurriyet wrote further.

"Hopefully, when the F-35s are delivered to Turkey, the whole world will say America kept its promise," Erdogan said at a Wednesday closing news conference for the NATO summit.

Dumping its Russian S-400s could allow Turkey's government to be released from US sanctions under the Countering America’s Adversaries Through Sanctions Act, or CAATSA.

However, this would have to get past Congress first. The law, adopted in 2017, requires the US government to impose strict economic and political restrictions primarily on Russia, Iran and North Korea. But Turkey was subsequently hit by these sanctions after purchasing S-400 air defense systems from Russia in a deal signed in September 2017, with deliveries having begun in July 2019.

The big fear over NATO-member Turkey having the S-400 systems and F-35s at the same time was that secret technology critical to the American fighter jet would be compromised. Possessing the S-400s requires Russian advisory guidance and know-how. 

Tyler Durden Fri, 07/10/2026 - 19:20
Tyler Durden

Saturday Deadline: US Orders Iran To Declare Hormuz Open, Toll-Free...Or Else

Zero Rss
4 weeks ago
Saturday Deadline: US Orders Iran To Declare Hormuz Open, Toll-Free...Or Else

Update(1855): The US is back to setting deadlines, coupled with new military threats, apparently. Judging by this week, which marked a dangerous return to guns-a-blazing in the Persian Gulf, it seems Trump is ready to back these warnings with new bombing raids. The only question will be the extent to which the Islamic Republic escalates in return. So far it has shown willingness to 'answer' US attacks with its own missile and drone launches, against US and allied bases and facilities among the Arab Gulf states.

Axios newly reports (...just after market-closing on Friday, it should be noted), that if Tehran doesn't declare the complete opening of the Strait of Hormuz and safe passage to all ships by close of Saturday, then the... or else!

"The Trump administration is demanding that Iran publicly acknowledge that the Strait of Hormuz is open and pledge to stop firing on commercial ships," the report says. The US has also renewed calls for Iran to immediately hand over its "nuclear dust" - amid the warnings. Axios reports the message was conveyed "directly" and "through regional mediators" - citing three officials.

Both sides have already accused the other of severely violating the terms of the MoU. And US Treasury issued fresh sanctions on Tehran Friday, which violates the 'no new sanctions' clause of the memorandum. So the MoU is clearly on life support as it is. Diplomacy is still moving on some fronts: "Iranian Foreign Minister Abbas Araghchi and Omani Foreign Minister Sayyid Badr al-Busaidi are expected to meet Saturday in Muscat to discuss the Hormuz crisis," Axios continues. But here's the deadline:

The U.S. officials said they expect Iran to issue a statement after Saturday's meeting in Oman.

Iran has not appeared in the mood to 'compromise' or admit defeat on any level, and so the world might witness yet more waves of US attacks by Saturday night and into Sunday. A big question remains is whether Israel will continue sitting on the sidelines. Recent reports suggest Washington has been behind the scenes pressuring the Israelis not to act against Iran unilaterally. But the Netanyahu government remains a big wild card in all this.

*US OFFICIALS SAY EXPECT IRAN TO SAY HORMUZ WILL BE TOLL-FREE

*US OFFICIALS SAY EXPECT IRAN TO ANNOUNCE IT WON'T FIRE AT SHIPS https://t.co/lFMO4xiK6r

— zerohedge (@zerohedge) July 10, 2026

*  *  *

The guns have actually been silent in the Middle East overnight, after two days of deadly strikes between the United States and Iran, amid a general return to premarket open headlines of 'peace imminent again' as mediators desperately work to get diplomacy back on track. The White House position is that the ceasefire is over but that Washington has agreed to reengage Tehran in mediated talks.

Trump indicates US has agreed to Iran talks, but United States has stated to them, in no uncertain terms, that cease fire is over.

The New York Times writes early Friday that "Qatar, which helped broker the U.S.-Iran truce last month, has been in talks with Washington and Tehran to de-escalate the crisis, according to two officials with knowledge of the matter, who requested anonymity to discuss sensitive diplomacy. In recent days, several other regional countries — Bahrain, Kuwait and Jordan, all of which host U.S. military facilities — said they have come under Iranian attack."

via Shutterstock/National Interest

The same report further says, "Even as the fighting appeared to subside on Friday, it remained unclear whether the latest mediation efforts could prevent that cycle from repeating." The situation has devolved into a "dangerous test of wills, with each side trying to show that it can absorb the other’s attacks and respond forcefully, without tipping the conflict back into full-scale war," NYT continues.

And separately Bloomberg also reports, "Talks between the US and Iran on a permanent peace deal are continuing, according to a US official, despite two days of clashes that threatened an already fragile ceasefire. The renewed hostilities risk undermining efforts to rebuild depleted global oil inventories, the International Energy Agency said."

Bloomberg continues: "Oil prices steadied on Friday after a bumpy week. While gasoline prices have fallen since the fragile ceasefire, they’ve lagged crude’s sharp decline, prompting one asset manager to buy protection against stickier-than-expected US inflation."

There appears real movement on this, given also that Reuters is freshly reporting that Qatar negotiators are currently in Iran to meet Iranian officials, as part of the effort to immediately de-escalate tensions and create conditions for broader negotiations.

Still, the crisis is on edge and full-scale war could return at any moment, also as the UK Maritime Trade Operations agency is once again alerting global vessels security threat in the Strait of Hormuz remains at its highest level.

In Iran, the burial of the slain Supreme Leader Ayatollah Ali Khamenei has finally concluded, and the IRGC's top commander, Brigadier-General Ahmad Vahidi, has pledged vengeance against the US and Israel for the assassination, saying it won’t "be erased from the historical memory."

The Revolutionary Guard chief called for the "full realization of justice and a fitting response to the criminals, especially the child-killing American army." An estimated 41-43 million people attended the six-day funeral for the late Khamenei, according to Iranian media.

NEW: Iran warns it will retaliate against infrastructure attacks and strike Israel in response. pic.twitter.com/JmkyZ7Zeyy

— Clash Report (@clashreport) July 10, 2026

In the meantime we commented overnight on who is not seeking permanent Iran peace at this point, on lingering concerns about the Islamic Republic's nuclear program. The Wall Street Journal in a Thursday evening report says that Israel has provided fresh intelligence to the White House indicating just such a Tehran-linked plot.

The timing is quite curious and interesting given it comes just as the warring sides standing on the brink of returning once again either to talks, or to full-scale war:

Israel shared new intelligence with the U.S. that it said indicated a fresh Iranian plan to kill President Trump, people familiar with the matter said, a finding that would mark an escalation in the war between Washington and Iran.

Iran for years has vowed openly to retaliate against Trump for the assassination of Qassem Soleimani, who was a top general in the Islamic Revolutionary Guard Corps, in the president’s first term. 

The Israeli embassy in Washington declined to comment. Iran’s Mission to the United Nations didn’t immediately respond to a request for comment. The White House referred The Wall Street Journal to comments the president made on Wednesday. 

The Israelis have remained deeply dissatisfied with terms laid out in the previously agreed-to MoU, and so have every incentive to goad Washington further into the conflict. Certainly many within the US administration know this, and so might be taking this new 'intelligence warning' - which was leaked rather quickly to major media - with the appropriate degree of skepticism. 

The US has still - somewhat surprisingly - affirmed it remains engaged in 'technical talks' with Iran, despite the prior days of tit-for-tat bombings. "Technical talks between the US and Iran are continuing, according to a US official, following two days of clashes that threatened to shatter an already fragile ceasefire between the two nations," reports Bloomberg, also late in the day Thursday. "The US is still committed to finding a solution with Iran, the official said Thursday, speaking on condition of anonymity to discuss the matter."

Israel says ready to attack Iran for 'third time if necessary' pic.twitter.com/KDkJ62iEfJ

— Middle East Eye (@MiddleEastEye) July 10, 2026

So it appears there's still hope that things might not spiral further. As for the alleged assassination plot, this isn't the first time Iran has faced such accusations, and each time Tehran officials have vehemently denied them.

Tyler Durden Fri, 07/10/2026 - 19:00
Tyler Durden

Advanced US Nuclear Battery Deal Targets 3000 MW Power With $22.5 Billion Pipeline

Zero Rss
4 weeks ago
Advanced US Nuclear Battery Deal Targets 3000 MW Power With $22.5 Billion Pipeline

Authored by Aman Tripathi via Interesting Engineering,

Energy project facilitator GridMarket and nuclear technology developer Deployable Energy have formed a commercial agreement to deploy modular microreactors across the United States. The 40-year contract carries an estimated total value of $145 billion.

The collaboration follows a recent successful operational test by Deployable Energy.Deployable Energy 

The initiative intends to install more than 3 gigawatts (GW) of electrical capacity by 2035, focusing primarily on data centers, cloud infrastructure facilities, and industrial manufacturing plants.

"Demand for dependable, continuous power is growing faster than traditional infrastructure can support," said Bobby Gallagher, Co-Founder and CEO at Deployable Energy.

The collaboration follows a successful operational test by Deployable Energy. The company recently achieved criticality with its prototype system, known as the Unity Nuclear Battery. This initial test reactor reached a self-sustaining nuclear reaction 150 days after the project began.

Speeding up domestic nuclear power deployment

The development occurred under the US Department of Energy's Nuclear Energy Launch Pad program, which operates in accordance with a federal executive order designed to speed up domestic nuclear power deployment.

The rapid expansion of artificial intelligence applications and cloud computing infrastructure has created an unprecedented demand for baseload electrical power. Finding locations with sufficient grid capacity has become a primary obstacle for technology companies building new facility hubs.

Under the new agreement, GridMarket will use its database of evaluated commercial sites and current corporate clients to establish a pipeline for the new power systems.

The companies plan to install 500 megawatts (MW) of power capacity annually between 2030 and 2035. According to GridMarket executives, corporate clients are actively looking for alternatives to traditional electrical grid connections because standard power infrastructure cannot keep pace with the power requirements of modern computing facilities.

To shorten construction timelines

The Unity system differs from conventional utility infrastructure because it is manufactured in components at a factory rather than built entirely on-site. This modular design is intended to shorten construction timelines and allow installation directly at the site of demand, bypassing local electrical transmission bottlenecks. The microreactor operates as a combined utility system.

"Unlike the power and cooling systems running today's data centers, the Unity Nuclear Battery delivers electricity, heat, and cooling in a single system - dramatically reducing the water intensity that has strained local communities hosting large-scale compute infrastructure," said GridMarket in a press release.

The immediate priority for the two entities involves selecting a host location for a physical pilot installation. This initial project will serve to verify the technology under real-world operating conditions before beginning wider commercial production. Deployable Energy has committed to giving GridMarket's client base priority scheduling for subsequent reactor deliveries.

Corporate leadership from Deployable Energy noted that current infrastructure cannot support the growth rate of digital data systems. The companies intend to publish specific details regarding the pilot site selection, regulatory approval tracking, and the initial group of commercial participants as the engineering program moves closer to the manufacturing phase.

"We believe advanced nuclear technology can become an important part of the energy mix supporting the next generation of digital and energy infrastructure," concluded Bobby Gallagher, Co-Founder and CEO at Deployable Energy.

Tyler Durden Fri, 07/10/2026 - 18:55
Tyler Durden

Trump Left Orders To Obliterate Iran If Assassinated: 'Bomb Them At Levels Never Seen Before'

Zero Rss
4 weeks ago
Trump Left Orders To Obliterate Iran If Assassinated: 'Bomb Them At Levels Never Seen Before'

The Iran war saga has seen its fair share of bizarre and wild twists, and Friday has brought yet another - with the NY Post reporting that President Trump said he "left instructions" for a massive bombing campaign against Iran in the event he's assassinated by Iranian operatives.

"I’ve been on their list for a long time. That’s what we’re dealing with," he told New York Post. Then he followed with: "The only thing is, I've left instructions - if anything happens, to just literally bomb them at levels that they've never seen before."

The provocative comment, which has unleashed a flurry of commentary and memes on social media, comes on the heels of Trump stating while at the NATO summit in Turkey this week that the Iranians were seeking to kill him.

He had quipped while in Turkey, "And so far, I guess I’ve been a little bit lucky, but that maybe doesn’t last very long."

It seems Israel has been seizing on the opportunity for escalation of the crisis, given its leaders have made no secret of being deeply dissatisfied with the terms of the MoU.

Just as Tehran and Washington stand on the brink of returning once again to full-scale war, The Wall Street Journal reported the following late Thursday:

Israel shared new intelligence with the U.S. that it said indicated a fresh Iranian plan to kill President Trump, people familiar with the matter said, a finding that would mark an escalation in the war between Washington and Iran.

But then in the latest NY Post interview, Trump seemed to downplay if not outright deny the Israeli intelligence. He said instead, "No, no. Israel came up with nothing. No, no." He then clarified that these are old and persisting, vague threats: "I've been No. 1 [on Iran’s kill list] for a long time, and it’s the way life is, you know," he said, before adding, "I hope you'll miss me." From the NY Post in fuller context:

Asked about recent reports that Israel this week flagged intel of a plot to take out the US president, Trump indicated there was no fresh plan from Iran — but said Tehran has wanted him dead for years.

“No, no. Israel came up with nothing. No, no,” he said. “I’ve been No. 1 [on Iran’s kill list] for a long time, and it’s the way life is, you know.”

As for leaving "instructions" for the US government to bomb Iran "at levels that they've never seen before"... it seems that in Trump's mind the Executive is some kind of hereditary office, as if a 'last will and testament' can be acted upon in the name of the United States merely because a prior president instructed that's what he personally wants to see done.

The interview also highlights how far away we've come from the Constitutional principle of the presidency seeking Congressional approval - or even so much as notifying congressional members - of plans to start major wars.

REPORTER: “Last month you said Iranian leaders were very rational people, nice to deal with, strong and smart. Today you said they're scum, sick people, and being led by sick people. What changed?”

TRUMP: “I got to know them” pic.twitter.com/KZVbKTbpFl

— Open Source Intel (@Osint613) July 8, 2026

But it remains that the media will eat it up, and web traffic and clicks will be generated, fearmongering over Iran will increase, and perhaps that's what it's all about. The threat has to always be inflated at peak levels, especially in the middle of a hot conflict in the Middle East.

Tyler Durden Fri, 07/10/2026 - 18:30
Tyler Durden

Russia's New Bullets Disintegrate Into 3 Mid-Flight, Can Hit High-Speed Drones

Zero Rss
4 weeks ago
Russia's New Bullets Disintegrate Into 3 Mid-Flight, Can Hit High-Speed Drones

Authored by Prabhat Ranjan Mishra via Interesting Engineering,

A Russian company has developed a new type of rifle bullets that split into three mid-flight, according to reports. This can help increase hit probability against high-speed drones.

The development of specialized anti-drone ammunition reflects the changing nature of warfare. (Representational image) Jay_Rembert/stevepb

Developed by Russia's Rostec, these multi-bullet "Mnogotochie" rounds can successfully hit drones. Reports have claimed that the first batches of these bullets have been delivered to Russian troops.

Effective option for combating drones

Vysokotochka, a subsidiary of Rostec, has developed "Mnogotochie". These bullets reportedly offer high-density fire for combating drones.

Bekkhan Ozdoyev, industrial director of Rostec's Armament Cluster, had earlier revealed that the Mnogotochie cartridges for rifled automatic weapons provide an effective option for combating drones. These are essentially standard 5.45x39mm and 7.62x39mm cartridges, but with a special bullet that splits into three parts upon exiting the barrel. This provides high-density fire. This means that shooting down a small drone with three bullets at once is much easier than with one.

Rostech previously also revealed that the 5.45x39mm caliber CT 226 and 7.62x54mm caliber CT 228 cartridges contain a three-element bullet that disintegrates in flight.

Standard cartridge case and standard propellant powder are used

The standard cartridge case and standard propellant powder are used, which simplifies serial production of the Mnogotochie at ammunition industry enterprises. Thanks to the design, all three elements are evenly separated upon exiting the barrel, improving firing accuracy and substantially increasing the probability of hitting small targets, reported TASS.

Earlier, Rostec also highlighted that small arms' performance characteristics remain unchanged when using the Mnogotochie, eliminating the need for modifications or installation of attachments. The cartridge can also be fired with a silencer installed.

Footage released by the company shows the 5.45mm variant downing a drone hovering about 10 meters (33 feet) above the ground from a distance of 100 meters (328 feet) after four shots. Full-scale production is underway, with the first batch already delivered to the Russian military. The Mnogotochie's three-piece nose separates after leaving the barrel, creating a controlled spread that allows a single shot to release three projectiles, reported NexGen Defense.

Reports indicate that the anti-drone round is effective at distances of up to 300 meters. While that range is relatively limited compared to dedicated air-defense systems, it is intended for situations where troops need to defend themselves against drones flying close to the battlefield.

Small commercial and military drones have become increasingly common in recent conflicts, performing reconnaissance, surveillance, and precision attack missions. Their relatively low cost and widespread availability have created new challenges for conventional military forces, driving demand for affordable countermeasures.

The development of specialized anti-drone ammunition reflects the changing nature of warfare, where inexpensive UAVs have become an important part of combat operations. Instead of relying solely on costly missile-based air-defense systems, militaries are exploring solutions that allow frontline troops to engage drones using standard firearms equipped with purpose-built ammunition.

If the new ammunition performs as intended in operational conditions, it could provide infantry units with an additional layer of defense against low-flying drones while complementing larger air-defense systems.

Tyler Durden Fri, 07/10/2026 - 18:05
Tyler Durden

Netflix's Live TV Pivot Exposes Growing Engagement Crisis As Shares Falter

Zero Rss
4 weeks ago
Netflix's Live TV Pivot Exposes Growing Engagement Crisis As Shares Falter

Netflix shares are teetering on the edge of a bear market after a brutal stretch of underperformance and one of the stock's worst first-half starts in two decades. Subscriber engagement has become an increasing concern for the streaming giant, and a new report suggests management may be considering a risky pivot toward live television to revive viewing time and strengthen its advertising business.

According to The Wall Street Journal, Netflix management is weighing live channels, third-party streaming bundles, and additional sports rights as it seeks to reverse declining subscriber engagement.

Here's more from the report:

To bolster engagement, executives at the company have recently discussed adding live channels that would continuously stream certain programs, or shows and films from a certain genre, according to people familiar with the matter. The company has also explored bundling other subscription-based streaming services, including NBCUniversal's Peacock, into its offering. It would sell those subscriptions through its main app as rivals such as Amazon.com and Apple have long done, some of the people said.

Netflix's discussions about adding TV channels and potentially streaming bundles, which would appear like tiles on the streamer's home page, show how the company is willing to pivot from its roots.

The pivot comes as audience measurement firm Nielsen reports that Netflix's share of TV viewership fell to 7.8% in April, its lowest level since May 2025.

Netflix's share of streaming time has also declined, falling from 21% to 17% over the two-year period ending in March 2026 amid intense competition from rival platforms such as Disney+ and YouTube TV.

Here is what Wall Street desks are saying, courtesy of Bloomberg:

Bloomberg Intelligence analyst Geetha Ranganathan

  • The plans are "likely to reignite focus on engagement, a key driver of advertising and long-term revenue growth"
  • "The strategy makes sense given the launch of French broadcaster TF1's linear channels, which lifted viewing by 16% in three weeks"

Citizens analyst Matthew Condon

  • If engagement slows and churn begins to rise, the core structural advantage begins to erode
  • "This is ultimately what is prompting Netflix to explore Live TV and subscription bundle partnerships"

Vital Knowledge

  • Netflix is facing a dip in subscriber engagement amid rising competition, which is a worrying trend

While Netflix remains the top streaming leader, its shares have nearly been halved since peaking in mid-2025.

Shares so far this year are teetering on the edge of a bear market, with first-half performance among the worst in two decades.

The underperformance in the stock comes not just from the subscriber engagement crisis but also from the company's disappointing guidance for the second quarter, including lower year-over-year operating margins.

Tyler Durden Fri, 07/10/2026 - 17:40
Tyler Durden

Trump Administration Launches Major H-1B Visa Fraud Investigation

Zero Rss
4 weeks ago
Trump Administration Launches Major H-1B Visa Fraud Investigation

Via American Greatness,

The Trump administration has launched its first major investigation into alleged fraud involving H-1B and PERM visa programs, expanding its effort to combat immigration-related fraud and protect American workers.

🚨PRESS RELEASE: U.S. Department of Labor, Office of Inspector General Launches Investigation into H-1B Visa Fraud and Human Trafficking to Protect American Workers

Read:⤵️https://t.co/uBG4GjU1up pic.twitter.com/naWt7h3AP3

— DOL OIG (@DOLOIG) July 8, 2026

Labor Department Inspector General Anthony D’Esposito announced the investigation Wednesday during an appearance on Fox Business, saying the probe will examine allegations of H-1B and PERM visa abuse, labor trafficking and the displacement of U.S. workers.

D’Esposito said investigators have already issued dozens of subpoenas as part of the investigation.

“This is another example where fraud is fueling violent crime,” D’Esposito said.

“Much of the visa and the human trafficking that we see when it comes to this foreign labor is tied to cartels, is tied to transnational gangs, and this is the work that we should be doing, not only to make America safe again, but to make America more affordable again.”

According to D’Esposito, the investigation extends beyond traditional labor sectors.

“This is not just people working in factories or actual labor,” he said.

“These are people working in medical facilities and doctors’ offices that are actually putting people in harm’s way.”

The H-1B visa program allows U.S. employers to hire highly skilled foreign workers in specialty occupations for an initial three-year period that may be extended to six years.

Technology companies account for an estimated 60 percent to 70 percent of new H-1B visa applications in recent years. Other industries making significant use of the program include consulting and professional services, engineering and manufacturing, health care and medical research, and higher education.

D’Esposito said California, New York and Illinois rank among the top states for H-1B visa applicants.

He said the administration’s objective is to ensure American workers are protected from abuse of the visa system.

The goal, he said, is to make sure hardworking Americans “are not seeing their jobs taken away by foreigners or people who are gaming the system or financially benefiting from bringing these individuals into America and putting them into jobs that, quite frankly, they are not qualified to do.”

Tyler Durden Fri, 07/10/2026 - 17:15
Tyler Durden

The Token Revolt Goes Mainstream: Palo Alto CEO Demands 90% AI Price Drop

Zero Rss
4 weeks ago
The Token Revolt Goes Mainstream: Palo Alto CEO Demands 90% AI Price Drop

Eight days ago it was Palantir's Alex Karp going ballistic on live television about the "effing insane" economics of renting intelligence by the token. On Thursday it was Palo Alto Networks CEO Nikesh Arora's turn, and while his delivery was calmer, his number was not: Arora told CNBC that AI token prices need to fall as much as 90% before enterprise adoption can actually scale.

So the chief executive of one of the largest cybersecurity companies in the world - that buys this stuff at industrial scale - telling the frontier labs, on their favorite network, that their pricing model is broken by roughly an order of magnitude.

90% Or Bust

Arora wants token costs at roughly one-fifth of current levels within the next 12 months, and down 90% by the year after that. Arora joins a growing list of executives - Karp most loudly among them - calling out runaway token costs, and that the bill shock is already pushing corporate buyers toward cheaper open-weight alternatives, including Chinese models that are rapidly closing the capability gap with the American labs. Regular readers will recognize that migration: we have documented Coinbase cutting its internal AI spend nearly in half by defaulting engineers to Chinese open-weight models, Microsoft weighing a hosted DeepSeek variant for its own agentic tools, and OpenRouter data showing Chinese models capturing - in some periods - north of 60% of global token consumption among top models.

Palo Alto CEO Arora says AI pricing needs to fall 90% as token costs skyrocket | Samantha Subin, CNBC

Palo Alto Networks CEO Nikesh Arora warned that token costs need to drop as much as 90% to promote large-scale artificial intelligence adoption.

"I think 54% is a good start,"… pic.twitter.com/tMVMd9Eeuf

— Owen Gregorian (@OwenGregorian) July 10, 2026 Altman Blinks First

The timing was not accidental. Arora's comments landed the same day OpenAI shipped its new GPT-5.6 family, with Sam Altman telling CNBC the latest model is 54% more token-efficient on agentic coding - a spec sheet line that doubles as a confession about what customers have been screaming at him for months. Asked about it, Arora offered the faintest of praise, calling the efficiency gain a good start before adding: "I think we probably need another turn at it."

Translation: nice 54%, now do it again. Twice.

None of this should surprise regular readers, who know OpenAI has been weighing drastic price cuts to claw enterprise customers back from Anthropic - the start of a classical deflationary race to the bottom - the opposite of what an industry burning tens of billions a year, and hoping to grow into trillion-dollar public valuations, actually needs. Altman himself conceded in June that cost had gone from a non-issue to a major one for customers. A month later, the "drastic cuts" are arriving dressed up as efficiency gains.

Meta Rising?

Also on Thursday, Meta launched Muse Spark 1.1, its first serious run at the agentic coding market that made Claude Code a phenomenon. Per Reuters figures cited by TechCrunch, Meta is charging $1.25 per million input tokens and $4.25 per million output tokens - parked right alongside the budget tiers of its rivals, Anthropic's Claude Haiku 4.5 and OpenAI's GPT-5.6 Luna. Meta AI chief Alexandr Wang described the pricing as "very aggressive and attractive," and every new API account starts with $20 in free credits.

The launch was apparently important enough that Mark Zuckerberg posted on X for the first time in three years - his last post came in July 2023 - to pitch Spark as "a strong agentic and coding model at a very low price." Read that again: the CEO of a company spending well north of $100 billion a year on AI infrastructure, a company Wall Street is openly pressing for evidence of AI returns, broke a three-year social media silence to advertise that his product is cheap.

Meta also shipped its Muse Image generation model Tuesday, SpaceXAI dropped a new Grok, and OpenAI's GPT-5.6 family all landed inside the same 48 hours. 

The Math Has Not Changed

Arora's admission is the latest wake-up call - from the tokenmaxxing fiasco and the $500 million mystery Claude bill, to Uber capping AI coding spend after torching its 2026 agentic budget in four months, to UBS checks finding token costs are now a live issue for roughly 60% of enterprise customers - including one that got its first AI invoice and heard leadership respond, flatly, "we don't have the money for this."

And we aren't the only ones concerned about how this will go... As JPMorgan noted one month ago: falling prices do not automatically fix the customer's problem, but they absolutely wreck the seller's. Gartner's own work suggests that even a 90% collapse in inference costs may not shrink enterprise AI bills, because agentic consumption grows faster than prices fall and providers do not pass the savings through. Meanwhile Apollo's chief economist Torsten Slok has laid out the mirror-image problem: if token prices converge toward zero, there is not enough revenue to support the hyperscaler buildout even in a world where compute demand keeps surging. Arora's 90% is the customer's survival number. It may also be the vendor's extinction number.

Meanwhile, the buildout is not slowing down to wait for the answer. Amazon raised $25 billion in debt this week to fund AI infrastructure, a month after SpaceX's $25 billion bond sale - while this very morning, SK Hynix pulled off the largest US listing ever by a foreign company, a $26.5 billion raise that saw its ADRs open 14% above the offer price. The pattern could not be cleaner: the companies selling the shovels are booking record raises at record valuations, on the same tape where the companies selling the tokens are being told to cut prices 90%.

All of which lands at a delicate moment for the two firms the price war is actually about. OpenAI has already pushed its IPO into 2027, and Anthropic's headline $47 billion ARR - a figure we treated with some skepticism when it was paraded ahead of the IPO filing - now faces its first print in a world where the customers have read their invoices and the competition includes Meta at $1.25 per million tokens.

Tyler Durden Fri, 07/10/2026 - 16:50
Tyler Durden

Apple Sues OpenAI Alleging Trade Secret Theft In Blockbuster AI Hardware Case

Zero Rss
4 weeks ago
Apple Sues OpenAI Alleging Trade Secret Theft In Blockbuster AI Hardware Case

Apple has filed a major lawsuit in the U.S. District Court for the Northern District of California accusing OpenAI, io Products, and former Apple executives of misappropriating trade secrets to fast-track AI hardware development.

The complaint details a months-long scheme involving former Apple employees now at OpenAI. Key defendants include Tang Tan (OpenAI hardware lead and ex-Apple VP of product design) and Chang Liu (former Apple senior electrical engineer). Apple alleges they directed recruits to share confidential details on unreleased devices, components, manufacturing processes, and suppliers.

Specific claims, according to the WSJ, include Tan instructing interviewees to bring physical Apple hardware parts for review, retaining and distributing an internal Apple "Need to Know" departure security document, and using stolen supplier information to trick partners into using proprietary techniques. Liu is accused of downloading over a thousand pages of confidential files post-departure via a retained laptop and maintaining improper contacts at Apple for ongoing updates. (MacRumors)

“This case is about Apple’s former employees stealing Apple’s trade secrets for the benefit of OpenAI. Apple brings this suit to put a stop to it.”

Apple describes the conduct as “the tip of the iceberg” and states that OpenAI’s hardware efforts are “rotten to its core” due to reliance on misappropriated information. The company first contacted OpenAI in February with concerns but received no response. (9to5Mac)

In a response to inquiry by MacRumors, Apple said: 

“At Apple, our teams are constantly developing breakthrough technologies to create the best products and services in the world, and protecting their work and intellectual property is something we take very seriously. Recently, significant evidence has emerged suggesting individuals employed by OpenAI wrongfully took Apple’s secret and confidential information regarding our unreleased technologies, processes, and products. We will always defend our teams’ hard work and innovations, and we are taking all appropriate steps to do so.”

Apple seeks an injunction barring use or disclosure of the information, plus damages. The suit targets Tan and Liu for breach of contract but does not name Jony Ive or Sam Altman. It notes the Siri/ChatGPT partnership is not at issue and highlights that over 400 ex-Apple employees now work at OpenAI. 

This development occurs amid previously reported tensions, with OpenAI reportedly considering its own legal action against Apple over integration expectations. OpenAI is advancing hardware projects, including potential devices tied to its acquisition of Ive’s io startup. 

Tyler Durden Fri, 07/10/2026 - 16:39
Tyler Durden

Myth Busted: U.S. Much Safer Than Many Peer Nations

Zero Rss
4 weeks ago
Myth Busted: U.S. Much Safer Than Many Peer Nations

Authored by John R. Lott Jr. via RealClearInvestigations,

Conventional wisdom holds that the United States is the most violent and dangerous nation in the developed world. This dark view is frequently invoked by conservatives to demand stronger penalties for crimes and by progressives to argue for stronger gun laws.

At the same time, other nations point to crime as an Achilles heel of the American system. These include two peer nations with some of the most restrictive gun laws in the world - Australia and Canada. In 2025, the Australian Broadcasting Corporation reported that "the U.S. generally sees higher violent crime rates than many other countries." Last year, the Canadian Press similarly reported that "the number of police-reported violent crimes for every 100,000 people continue to be higher in the United States than in Canada."

The data, however, undercuts this narrative. While the United States still leads in some categories, on the whole it has significantly less violent crime per capita than those two nations.

Regarding homicide, the most heinous crime of all, it's true that in 2025, the U.S. murder rate was about four per 100,000 people - roughly twice Australia's and Canada's 2024 homicide rate. Yet it's also true that homicides account for only a tiny fraction of violent crime. In 2024, homicides represented just 0.21% of violent crimes in the U.S., based on National Crime Victimization Survey (NCVS) estimates of rape/sexual assault, robbery, aggravated assault, and simple assault. Murder comprises an even smaller fraction of crimes in Australia and Canada.

Murders in the U.S. are usually highly concentrated geographically, often connected to street gang activity, and threaten only a tiny fraction of Americans. Just 2% of counties account for approximately 54% of all murders, and within those counties roughly two-thirds of killings occur within areas covering only about ten city blocks. By contrast, 53% of U.S. counties report no murders in a typical year, while another 16% report only one.

Moreover, when analyzing the incidence of a broader set of crimes, the U.S. is nowhere near the most dangerous developed country.

Ignoring Police

Because police statistics capture only a fraction of actual crime, the U.S., Canada, and Australia all conduct large-scale victimization surveys that estimate total crime, including incidents never reported to police. The Bureau of Justice Statistics has conducted the National Crime Victimization Survey (NCVS), which interviews roughly 240,000 Americans annually, for more than 50 years. Australia relies on a comparable survey conducted by the Australian Bureau of Statistics, while Statistics Canada conducts the General Social Survey (GSS) on Safety and Victimization.

"Anyone who wants to understand the seriousness of crime in Canada needs to recognize that victimization surveys paint a more complete picture than police-reported crime," said Gary Mauser, who has extensively studied crime at Simon Fraser University in Canada.

The gap between police statistics and actual victimization is substantial. In Canada, the police-reported violent-crime rate is 885 per 100,000 people. The GSS reported a violent victimization rate almost 10 times that - 8,300 per 100,000.

Australia shows a similar pattern. Although the state of Victoria did not provide assault data to the ABS, only about 37% of robberies and sexual assaults were reported to police in 2024.

The U.S. data tell a very different story. Although the FBI does not collect national counts of simple assault, it recorded 1,203,808 violent crimes in 2019. During the same year, the NCVS estimated 2,013,220 felonious violent crimes - rape or sexual assault, robbery, and aggravated assault, excluding simple assault. Police reports therefore captured 59.8% of the NCVS estimate.

Using these broad estimates, Australia's rape and sexual assault rate is roughly three times higher than that of the United States. Australia's assault rate is about twice as high, and its burglary rate is about 2.5 times higher. Robbery is the only category where the two countries report similar rates.

But even this Australian data significantly understates the extent of violent crime because it counts victims rather than the number of crimes, unlike the U.S. data. If someone is robbed or sexually assaulted twice, the Australian survey records only one victimization, while the U.S. counts two separate crimes. As a result, Australia's survey misses repeat victimizations and understates the total amount of violent crime. Even modest adjustments suggest that Australia's violent crime rate is 15% higher than already discussed.

"For decades, researchers have documented that people report crimes more often when law enforcement is more likely to catch and punish the offenders," said David Mustard, a professor and crime expert at the University of Georgia. "The extremely low reporting rates in Australia and Canada therefore raise serious doubts about public confidence in their criminal justice systems."

Normalizing Rape

For example, in Canada in 2019, about 8.1% of total violent crimes resulted in the person being arrested and charged with the crime (210,000 arrested and charged out of 2.59 million victimizations), which is quite low even compared to the 20% rate in the U.S.

In Australia, there are numerous complaints that "Rape is effectively decriminalized." In New South Wales, of the 9,138 sexual assaults reported to police in 2022, there were only 1,016 convictions - just an 11% conviction rate. Indeed, during a recent lecture that I gave to college students in New South Wales in February, several women said there was no reason to report rapes and sexual assaults to the police because they believed nothing would happen to the criminal and it was personally embarrassing to come forward publicly.

As a result, an analysis based solely on police statistics can be misleading when comparing countries. Victimization surveys tell a different story. Although direct comparisons require some caution because the Canadian GSS and the U.S. NCVS define certain crimes like sexual assault differently, those differences generally favor Canada and make the U.S. appear relatively more violent.

Still, the results remain striking. In 2019, Canada's overall violent-crime victimization rate was at least 175% higher than the U.S. after adjusting for different methods. "Anyone who wants to understand just how serious crime is in Canada needs to recognize that crime rates are higher in Canada than in the U.S., according to victimization surveys," Mauser said.

Robbery offers an especially useful comparison because both surveys define it similarly. Canada's robbery victimization rate was 268% higher than the U.S. rate. Property crime follows a similar pattern. Canada's burglary rate was 259% higher than the U.S. rate.

Nor is this pattern unique to recent years. The International Crime Victimization Survey (ICVS), which used identical questions and definitions across participating countries before the United Nations assumed responsibility for the survey and later discontinued it, reached similar conclusions. In 2000, Australia's violent-crime victimization rate - including robbery, sexual incidents, assaults, and threats - was 104% higher than the U.S. rate. Robbery was 150% higher and sexual assaults 167.9% higher. The survey also found Canada's violent-crime victimization rate to be 40% higher than the U.S.

Few countries conduct victimization surveys, but the historical evidence from older ICVS data paints a similar picture. The ICVS found that England and Wales and Scotland had violent crime rates about 40% higher than the United States, while Finland's rate was about 20% higher. France, the Netherlands, and Sweden recorded rates roughly equal to the U.S., whereas Belgium and Poland experienced violent crime rates about 20% lower.

"The media's emphasis on reported crime badly underestimates how bad the violent crime situation in Australia is compared to the U.S.," Dr. Kesten C. Green, who has studied crime and is a researcher at the University of Adelaide Business School, tells RealClearInvestigations.

"Only victimization surveys capture both reported and unreported crimes, providing a far more complete picture

Tyler Durden Fri, 07/10/2026 - 16:25
Tyler Durden

Mali Govt Says Al-Qaeda Extremists In Region Receive Training, Drones From Ukraine

Zero Rss
4 weeks ago
Mali Govt Says Al-Qaeda Extremists In Region Receive Training, Drones From Ukraine

Via The Cradle

The Malian government announced on Thursday that militant groups with links to Al-Qaeda carrying out terror attacks in the country were trained and armed by Ukrainian specialists.

Fousseynou Ouattara, Vice President of the Defense Commission of Mali's Transitional Council, said authorities identified militants who received training in Ukraine to carry out operations using kamikaze drones produced by Kiev. "These young people are known, we have now added them to our lists, and we have their names," Ouattara said.

Illustrative file image

The militants fighting the Malian government belong to a Tuareg-led separatist group, the Azawad Liberation Front (ALF), and Jamaat Nusrat al-Islam wal-Muslimeen (JNIM), an extremist group linked to Al-Qaeda.

He added that the militant groups are receiving fighters from Algeria, Mauritania, and Libya, as well as training from members of the French Foreign Legion and Ukrainian instructors.

France is allegedly supporting the ALF and JNIM following the Malian government's removal of French troops in 2022. In their place, private military contractors from Russia's Wagner Group were deployed.

After a May 2021 coup in Mali, the country's military junta officially demanded that France withdraw its troops "without delay." French troops had been present in Mali for nine years, allegedly to fight the Al-Qaeda-linked insurgency.

Mali was a French colony known as French Sudan before it gained independence as the Republic of Mali in 1960. However, France has sought to reassert its influence in Mali and in neighboring Burkina Faso and Niger, which are also former French colonies.

In September 2023, the military leaders of Mali, Niger, and Burkina Faso established the Alliance of Sahel States (AES), which established a partnership with Russia.

Fighting between the Malian army and the ALF and JNIM has escalated in recent weeks. On July 7, the Malian army released a statement saying that "more than 200 terrorists were neutralized during coordinated air and ground operations" conducted in the village of Anefis in the northern Kidal region. The army statement noted that the operation was conducted in response to attacks by armed groups on military positions.

On July 4, Mali's Ministry of Defense and Veterans Affairs announced that militant groups attacked army positions in Aguelok, Anefis, Gao, Kenioroba, Konna, Sevare, and Somadougou.

Clashes with the militants reportedly continue near Anefis, where a major Malian military base is located. On Wednesday, Russian Foreign Minister Sergey Lavrov and his AES counterparts held a meeting in which they condemned destabilization campaigns supported by Ukraine and France.

Russia and the AES agreed to expand military cooperation, with Moscow pledging additional support to strengthen the operational capabilities of the armed forces of AES nations.

The foreign ministers of Russia, Mali, Niger, and Burkina Faso described the recent militant attacks on AES countries as "barbaric and ignoble" acts threatening regional stability.

"The two sides firmly condemned such destructive actions aimed at undermining the sovereignty of the AES and regional stability," they said.

via Middle East Eye

The ministers also acknowledged the efforts of troops from AES member states in repelling "terrorist attacks," as well as the contribution of Russia's African Corps to counterterrorism operations in the Sahel.

The Russia-AES meeting took place as French President Emmanuelle Macron visited Syria to meet President Ahmad al-Sharaa, the former Al-Qaeda and ISIS commander. During the 14-year war to topple former Syrian president Bashar al-Assad, France joined the US and its allies in supporting Sharaa's Nusra Front, which finally took power in Damascus in 2024.

Tyler Durden Fri, 07/10/2026 - 15:45
Tyler Durden

US Nuclear Regulator Seeks Simpler Environmental Reviews To Boost Nuclear Expansion

Zero Rss
4 weeks ago
US Nuclear Regulator Seeks Simpler Environmental Reviews To Boost Nuclear Expansion

Authored by Evgenia Filimianova via The Epoch Times,

The U.S. Nuclear Regulatory Commission (NRC) on July 8 proposed narrowing environmental reviews for new and renewed nuclear reactor licenses, a move the agency said would reduce costs, as the Trump administration pushes to expand nuclear energy.

In this aerial view, the shuttered Three Mile Island nuclear power plant stands in the middle of the Susquehanna River near Middletown, Pa., on Oct. 10, 2024. Chip Somodevilla/Getty Images

The proposal would change how the NRC implements the National Environmental Policy Act (NEPA), limiting reviews to environmental effects that fall within the agency's legal authority.

The NRC described the proposal as the "most comprehensive update to its environmental review regulations in decades," adding that it would remove outdated requirements and make the licensing process more efficient.

NRC Chairman Ho Nieh said the proposal, which is open for public comment until Aug. 21, would better align the agency's environmental reviews with what Congress intended under NEPA.

He told reporters: "For many, many, many years, NRC did much more than required by law in the National Environmental Policy Act. So this really brings us back to what NEPA demands, nothing more, nothing less."

Nieh also said, "By concentrating on impacts the NRC can address, we'll strengthen environmental protection while making licensing reviews more timely and predictable."

He said that the NRC proposes to limit areas where it does not have authority over effects on the environment, such as the construction of nuclear plants.

"Dust, noise, air impacts, non-radiological water, or non-radiological effects, all of those things are examples of where they're outside of our regulatory authority, and so we won't be doing those in the future," he said.

NRC's chief environmental review and permitting officer, Kimyata Savoy, said the proposal would save reactor developers and the agency about $135 million in licensing costs for new reactors and license renewals.

Other measures under the proposal include new categorical exclusions, an update of environmental review procedures, and greater flexibility for applicants in providing environmental information.

The proposal follows a series of actions by President Donald Trump aimed at expanding nuclear power in the United States. Trump signed four executive orders on May 23, 2025, directing the NRC to license 10 new reactors by 2030 and supporting a plan to quadruple U.S. nuclear power capacity by 2050.

One of them, executive order 14300, directed the NRC to reform its licensing process. The White House said the commission had slowed nuclear development by imposing unnecessary regulatory requirements.

U.S. Energy Information Administration data show that last year, nuclear energy accounted for about 18 percent of U.S. utility-scale electricity generation.

Series of Reforms

The July 8 proposal comes one week after the NRC announced broader changes to reactor licensing and radiation safety regulations.

The agency on July 1 proposed replacing a radiation risk model that has guided U.S. nuclear regulation for about 50 years.

The NRC said the changes would modernize regulations and make it easier to build new reactors without reducing safety standards.

The proposal drew criticism from some nuclear safety experts.

Edwin Lyman, director of nuclear power safety at the Union of Concerned Scientists, said in comments submitted to the NRC in July 2025 that there was "absolutely no technical or practical basis" for changing the agency's use of the "as low as reasonably achievable" standard.

The regulatory changes also coincide with progress in the administration's advanced reactor program.

The Department of Energy announced on July 1 that the third advanced nuclear reactor authorized under the administration's pilot program achieved criticality on June 30 at Idaho National Laboratory.

Criticality is the point at which a reactor reaches a stable chain reaction capable of producing electricity continuously.

The reactor, known as Unity and developed by Deployable Energy, met the July 4 deadline established by Trump's 2025 executive order, which required that at least three advanced reactor concepts achieve criticality outside national laboratories.

The cooling towers for units 4 (L) and 3 (R) at Plant Vogtle, operated by Georgia Power Co., in east Georgia's Burke County near Waynesboro, Ga., on May 29, 2024. Arvin Temkar/Atlanta Journal-Constitution via AP Tyler Durden Fri, 07/10/2026 - 14:55
Tyler Durden

Durov Hauled In For Questioning Again In Paris, Telegram Blasts Case: 'Still No Evidence'

Zero Rss
4 weeks ago
Durov Hauled In For Questioning Again In Paris, Telegram Blasts Case: 'Still No Evidence'

As the high-stakes criminal investigation into Telegram nears its second year with no resolution in sight, French authorities have again summoned Telegram co-founder Pavel Durov for questioning. Durov spent around six hours being questioned at the Paris Judicial Tribunal on Wednesday, local media reported, citing law enforcement sources. He's allowed to travel internationally, and to live at his home in Dubai - though he's agreed specific judicial supervision rules, part of which is to periodically return to France when summoned. 

It marked the fourth time the tech entrepreneur has been interrogated as part of the ongoing investigation, stretching back to his initial arrest in August 2024 at a Paris airport. He was soon after indicted on a dozen assorted charges ranging from complicity in illicit platform activity to non-cooperation with state authorities.

Durov’s legal team confirmed the questioning to AFP, slamming the lack of progress by French prosecutors, decrying that "almost two years after the indictment of Pavel Durov, there is still no evidence to establish the validity of the charges."

via Reuters

And Telegram itself didn't hold back, releasing a statement which reads: "The only change since Durov’s detention in France is that French authorities have started properly drafting requests to Telegram,” the social media platform said separately.

Durov was originally banned from leaving the country, yet the travel restrictions imposed over the case were ultimately lifted, after he complied with court-ordered conditions.

While the French government position has been that Telegram's previous lax cooperation with authorities and lack of restrictions on the app have resulted in extremism and child abuse, there's been plenty of evidence that authorities are seeking to exploit it for surveillance and overreach. 

As an example, Durov in 2025 in a viral post on X revealed that French authorities approached him through an intermediary, demanding Telegram remove several Moldovan channels.

While Telegram did take down some accounts at the time that violated its policies, Durov alleged the plot thickened when the intermediary relayed a shady offer: French intelligence promised to "put in a good word" with the judge overseeing his case if expanded cooperation.

"This was a blatant attempt to manipulate justice," Durov wrote, slamming the move as either interference in his legal case or a ploy to meddle in Moldova's elections. When a second list of "problematic" channels surfaced, the mogul said that nearly all were legitimate, with no violations of Telegram’s rules.

"We refused to comply," the mogul said. "Telegram stands for free speech. We will not remove content for political reasons, and I’ll keep exposing every attempt to bully our platform."

🇫🇷 Europe countries like France are becoming a vigilant bureaucracy against their own citizens free speech: Telegram founder Pavel Durov was grilled for over 6 hours by French investigators.

They accuse the app of weak moderation and not helping law enforcement enough.

His… pic.twitter.com/SzyjZk1NsG

— Mario Nawfal (@MarioNawfal) July 10, 2026

Moldova has remained another classic case of a small Eastern European country and former Soviet republic which has been at the center of a pro-EU vs. Russian interests tug-of-war. Durov has continued to slam the whole case against him as a "legal absurdity."

Tyler Durden Fri, 07/10/2026 - 14:35
Tyler Durden

When Uncle Sam Turns Venture Capitalist, What Could Go Wrong?

Zero Rss
4 weeks ago
When Uncle Sam Turns Venture Capitalist, What Could Go Wrong?

Authored by James Varney via RealClearInvestigations,

The battery recycler Ascend Elements was riding high in 2023, flush with hundreds of millions of dollars in federal funding.

The seed money provided to the Massachusetts company, which launched in 2017, was one of several large bets the Biden administration placed on the green future as it essentially created a venture capital arm at the Department of Energy and other agencies. In the movies, VCs almost always score big through their early investments in future behemoths (e.g., PayPal or Meta when it was Facebook). In real life, those jackpots are the exception, not the rule - many of the deals go south.

Alas, Washington isn't Hollywood, and the government isn't spending celluloid dollars. In April, Ascend Elements filed for bankruptcy, leaving U.S. taxpayers out nearly $320 million.

Government funding of private companies is receiving new scrutiny as the Trump administration is upping the ante on such efforts by demanding that the feds receive an equity stake for their largesse. While this approach is leading the government into uncharted waters, experts say the operative concept - using taxpayer money to make risky bets on private companies - has a long and troubled history. The bankruptcy of Solyndra, a maker of niche solar panels the Obama administration had given $535 million in 2009, became shorthand for the problems that occur when government tries to pick winners and losers in the marketplace.

"It generally doesn't work," said Steven Neil Kaplan, a professor of entrepreneurship and innovation at the University of Chicago's Booth business school. "There are three problems with it, namely that the government doesn't usually have the best information; two, it's going to be political; and three, the incentives aren't in place to pay for performance."

It is still too early to assess the Trump administration's investments in private corporations, but the hundreds of billions of dollars shoveled out the door by the Biden administration through the Investment Infrastructure and Jobs Act provide some insight into the challenges the government faces when it turns into a venture capitalist. RealClearInvestigations' review of one sliver of that spending - $1.68 billion in grants awarded in 2023 under the umbrella of "Energy, Efficiency and Renewable Energy, Energy Programs, Energy" - demonstrates how difficult it can be to follow the money and assess the impact when taxpayer funds are doled out to private corporations.

Foreign Assets

The grants reviewed by RCI all went to companies involved in the electric vehicle battery market, either in terms of making the batteries themselves or generating the various elements that comprise an EV battery. Unlike the billions doled out by Biden's EPA through its Greenhouse Gas Reduction Fund - which made the regulatory agency a large grant maker for the first time - these Energy Department deals went to existing for-profit companies rather than startups or newly formed nonprofit organizations. RCI's analysis of the DOE grants did not find any of the glaring political connections it uncovered in the EPA disbursements.

Ascend Elements marked the biggest taxpayer bet within that package, but there were several others of $100 million or more, according to the Treasury Department's usaspending.gov. The grants represent venture capital-like moves by the Biden administration to jumpstart and expand renewable energy initiatives in the name of fighting global warming.

Although taxpayer money is presumably spent in accordance with the government's enumerated duties and to benefit Americans, some of the large grants went to companies that are enjoying more support abroad than at home.

For example, Synesqo Specialty Polymers USA, a branch of a Belgian company traded on European exchanges, received $178.2 million. Mike Finelli, Syensqo's chief technology and innovation officer, highlighted the company's moves in Europe rather than the U.S. in his response to RCI.

"Syensqo has recently launched a new company in Europe to help scale up commercial demonstration of advanced materials for solid-state batteries in Europe," he said. "In the U.S., although the policy and cost environment is supportive, market growth is evolving at a measured pace. ... Importantly, the U.S. Department of Energy grant awarded in 2023 remains active, with discussions ongoing, and we continue to serve the market from our existing production in France."

Similarly, $100 million went to Group 14, a private company in Washington state that is "building the world's largest factory for advanced silicon battery material."

The company, which says it has raised roughly $1 billion for the Washington facility it hopes to open this year, acquired an ownership stake in a South Korea factory last year.

Group 14 did respond to a request for comment.

Critics of directing government funds to private companies say it can also be difficult to assess the impact of the grants - and how the money was spent - because corporations are not obligated to answer the public's questions about their businesses. While the taxpayers may have provided a substantial chunk of these companies' financing, they are responsible to their shareholders, not taxpayers.

The "Market Test"

Walter Block, an economist on the faculty of Loyola University in New Orleans, said the Energy Department's 2023 grants also raised related questions about whether taxpayers are bankrolling companies that have not yet passed "the market test."

"The government shouldn't be involved in any of that," said Block, a proponent of the Austrian school of economics, which prioritizes free-market principles. "Taxpayers have a right to ask how and why these things were done if the company isn't viable in the market."

Final grades on some of the outstanding grants can be difficult to judge when, as is the case with several of these grants, the recipients are private companies. Synesqo, however, is traded on European markets. When it received a large injection of federal cash in 2023, its stock traded near $95 per share, but its value has since declined by nearly 30%.

And to Kaplan's point about who is making the grant decisions, that remains a mystery. Although Energy Secretary Chris Wright has trumpeted the cancellation of various Biden-era deals, the department did not respond to RCI's multiple requests for comment. Synesqo was the only company to respond to questions.

The hope that the government, with its vast resources, can goose innovation is not new. The U.S. government's longstanding support for basic research has led to many medical and technological breakthroughs, including radar and the Internet.

Many of those achievements, however, have come through more traditional grants to America's great research universities, and a separate batch of such grants was also part of Biden's green energy spending. Governments at all levels have also sought to spur business development and innovation by offering tax incentives, though usually with mixed results.

Venture capital, essentially seed money, is different and unlike more familiar government contracts, such as those for defense contracts or highways and roads. Those arrangements carry their own ethical temptations, ranging from pay-to-play schemes to overt political support, that have made politics infamous, from Tammany Hall to modern-day Chicago or Louisiana. It is those sorts of alleged insider deals that were leveled against the Biden family and now against President Trump and his offspring.

Necessary Investments

Still, not everyone is opposed to the government making admittedly risky bets. Some consulting companies actually pitch businesses on considering federal sources for venture capital.

Fred Block, a sociology professor at the University of California, Davis, whose work has been applied to venture capital models, notes that some level of success has been achieved by the Small Business Administration's Small Business Innovation Research Program.

In addition, a 2006 study by Block and some colleagues on 100 "winners" picked by the trade publication Research & Development showed that at some point in their development, federal money had assisted 88 of them.

"The key point is the necessity of government involvement with cutting-edge projects," Block told RCI. He noted how private research entities like RCA's once-fabled Sarnoff Corporation are no longer around.

"You have to have collaboration between different kinds of specialists and no private company can afford to have all those people on staff," he said.

Kaplan had also cited the SBA loans as a case where government venture money often bears fruit, but those are much smaller investments and must adhere to strict guidelines. And unlike the Energy Department grants under Biden or some of the moves made by the Trump administration, SBA decisions are made by teams of professionals rather than an anonymous federal apparatus. Again, the issue comes back to the quality of information available and who makes the calls.

"They've developed the expertise," UC Davis's Block said. "Now that appears to be gone. Who knows who or how decisions are being made now? Maybe Trump makes them in the middle of the night."

Big Money for Recipients

While none of the individual deals stand out in terms of the federal government's enormous spending, they often represent big money for individual recipients: The $82 million that went to Cirba Solutions, a battery recycling outfit in Charlotte, N.C., for instance, amounted to nearly twice the company's estimated annual revenue of $39.5 million.

That sort of proportion also shows how these Department of Energy grants are different from similar big economic moves Washington has made, such as propping up the savings and loan and auto industries, or trying to keep markets solvent.

Critics of both the gigantic spending on green energy specifically, and the effort to wrench the American economy away from the fossil fuels that power most of it, warned that more Solyndras are possible.

"What's the point of Congress authorizing billions of spending with almost no oversight?" asked Daniel Turner, the executive director of Power The Future, a conservative group concentrating on rural power. "Of course we should be concerned about what might happen. It's absurd to have funneled so much money to green technology companies without market approval."

Yet even in proven markets, the risks inherent in the government taking huge stakes in companies are problematic.

"When there's so much money involved, are there conditions?" asked Thomas Pyle, president of the American Energy Alliance, which does not accept government donations. "There's something very pernicious, very suspect about the idea of the government being venture capitalists, and there's so much more at stake when it's taxpayer dollars involved."

There is also the possibility that a company backed by federal money makes it big, in which case new questions arise about equity, how the government may define success as venture capitalists, and whether the government may try to become an active investor, looking to influence personnel and other decisions at the company. Those factors are on top of the hoary conflicts of interest that have long bedeviled government moves.

Those questions are likely to multiply in the coming years as both parties seem more open to the government owning stock in private companies. The Trump administration has already received billions of dollars in equity stakes for money funneled to private companies (mostly tied to national security), and Sen. Bernie Sanders has introduced legislation that could give the U.S. a 50% ownership of the largest AI companies. Neither the Trump administration nor Sanders' office responded to requests for comment.

Kaplan outlined some steps the government could take to improve the process, such as only backing companies that have already passed "the market test" or shown an ability to raise significant capital. Even then, however, the same terms should attach to a government grant that do to the private investments, and thus the entire practice is problematic and best avoided, he said.

"It's just rife with conflict and bad information," Kaplan told RCI. "For a private investor, if you're negative, you go out of business. But if it's the government and it goes negative, they raise your taxes."

Tyler Durden Fri, 07/10/2026 - 14:15
Tyler Durden

Federal Judge Orders DHS Not To Obey Order From Another Judge

Zero Rss
4 weeks ago
Federal Judge Orders DHS Not To Obey Order From Another Judge

Authored by Zachary Stieber via The Epoch Times,

A federal judge on July 8 said the Trump administration must not comply with an order from another federal judge and must continue to have key functions of an immigration database disabled.

The Department of Homeland Security building in Washington on March 25, 2024. Madalina Vasiliu/The Epoch Times

Judge Sparkle Sooknanan of the U.S. District Court for the District of Columbia said that officials with the Department of Homeland Security (DHS) and other agencies shall keep disabled the ability to look up Social Security numbers and carry out mass uploads in the Systematic Alien Verification for Entitlements (SAVE) system.

Sooknanan ordered the Trump administration in June to disable the features, finding that recent updates to the database violated privacy laws by disclosing Americans' Social Security numbers and other sensitive information.

Sooknanan said on July 8 that arguments from the government in favor of pausing her previous order were unpersuasive, including the argument that highlighted a July 7 ruling from Judge T. Kent Wetherell II of the U.S. District Court for the Northern District of Florida that ordered DHS to enable the functions for four states under a 2025 settlement that he had approved.

Wetherell had noted that he could have waited until the case in Washington proceeded, but that the four states had presented "unrebutted evidence showing that they are suffering real and concrete harm every day that passes without the disabled features of the SAVE system."

He said that Sooknanan could have deferred to his previous determination that the functions were lawful, which was reached, he said, in part because the Social Security Act does not preclude disclosing Social Security numbers for immigration enforcement.

Sooknanan disagreed, describing Wetherell as having "erred in significant ways," including by reaching a decision on the merits in the case without opinions from parties outside the federal and state governments that oppose the governments' position.

Sooknanan said that settlements may warrant reexamination and that she acted properly by enjoining DHS from allowing officials to use the new features introduced in 2025 despite the existence of the settlement.

Even if Wetherell's ruling ends up holding, the settlement is only with DHS, not the Social Security Administration (SSA), and only with four states, the judge wrote, so it would not prompt a stay of her earlier order with respect to the other 46 states.

DHS, which had declined to comment on Wetherell's decision, did not return a request for comment on Sooknanan's ruling by the time of publication.

The four states have not reacted to the competing rulings.

The Electronic Privacy Information Center and the League of Women Voters, the plaintiffs in the case overseen by Sooknanan, asked Wetherell this week to allow them to intervene in the case involving the states, citing the contradictory orders and their interest in the situation. He has not yet ruled on the motion.

Tyler Durden Fri, 07/10/2026 - 13:25
Tyler Durden

Three Reasons Gas Prices Are Likely To Remain Elevated

Zero Rss
4 weeks ago
Three Reasons Gas Prices Are Likely To Remain Elevated

The US national average for regular 87-octane gasoline remained uncomfortably above the politically sensitive $4-per-gallon threshold for roughly two and a half months. That stretch pressured lower-income consumers, forcing many to trade down or cut discretionary spending while weighing on broader consumer sentiment. The key question now is whether pump prices have further room to fall or whether current levels will become the new normal this summer.

Answering that question is Goldman's leading commodity expert Daan Struyven, who penned a note on Thursday explaining the three forces keeping pump prices high:

Reason #1: Tight Refining Fundamentals

Exhibit 4: The Global Refining Utilization Rate Was Near Historical Highs Before the Hormuz Shock

Exhibit 5: Refined Oil Products Stocks Are Low

Reason #2: Ongoing Refined Products Supply Shocks

Exhibit 6: Combined Refinery Outages in Russia and the Middle East Are 4.6mb/d Above Their Seasonal Normss

Reason #3: Asymmetric Passthrough

Exhibit 7: Firms Look Much More Likely to Report Selling Price Increases After Energy Prices Rise—Such as in 2021 and 2022—Than Report Selling Price Decreases When Energy Prices Fall—Like in 2023 and 2024

Struyven's three reasons suggest that the recent declines in the national average prices of gasoline, diesel, and other refined fuels may prove limited.

Professional subscribers can read more on energy markets and Gulf/Hormuz at our new Marketdesk.ai portal. 

Tyler Durden Fri, 07/10/2026 - 13:05
Tyler Durden

World's First Commercial Nuclear-Powered Satellite Set For Launch Aboard SpaceX Rocket

Zero Rss
4 weeks ago
World's First Commercial Nuclear-Powered Satellite Set For Launch Aboard SpaceX Rocket

Authored by Mrigakshi Dixit via Interesting Engineering,

Miami-based City Labs is all set to launch the world's first commercial nuclear-powered satellite into orbit.

NanoTritium battery Citi Labs

Solar panels have some challenges. When a satellite slips into the shadow of the Earth, hits a permanently dark lunar crater, or drifts into deep space, its solar arrays become useless. Batteries can step in, but they eventually die.

City Labs thinks nuclear energy could solve this persistent problem. On July 7, the company announced that its BOHR (Betavoltaic Orbital High-Reliability) satellite had secured a launch slot on a SpaceX Transporter-17 rideshare mission.

According to reports, SpaceX has scheduled the launch of its Transporter-17 rideshare mission for Tuesday, July 7, at 3:10 a.m. ET. The launch will mark a massive historic milestone. BOHR will be the first-ever nuclear CubeSat to enter orbit.

"This is a historic step for commercial nuclear power in space," said Peter Cabauy, CEO of City Labs. "BOHR demonstrates that safe, compact, and regulatory-approved nuclear power systems are ready for routine commercial deployment. This capability enables persistent, always-on payload operations that are not constrained by sunlight or battery life."

Secures FAA approval

Engineered for safe handling, transportation, and integration into standard commercial launch environments, City Labs' tritium-based power systems operate at extremely low radiation levels.

BOHR's core technology is City Labs' proprietary NanoTritium™ betavoltaic system, which generates continuous power from the natural beta decay of tritium rather than nuclear fission.

Compared to space-bound nuclear reactors, betavoltaic cells operate with no moving parts, no liquid electrolytes, and zero risk of fire or thermal runaway. Furthermore, as the tritium fuel naturally decays, it harmlessly transforms into helium-3, a completely stable and non-radioactive isotope.

This process operates at safe, ultra-low radiation levels suitable for standard commercial handling. In this mission, the nuclear battery will run and validate the primary payload independently, while a solar power system manages the main satellite bus operations.

Getting a nuclear payload onto a commercial rocket isn't easy.

In fact, it requires cutting through some of the toughest regulatory red tape on Earth. BOHR represents the first commercial space mission to successfully navigate the Federal Aviation Administration (FAA) pathway for nuclear launch approval, a framework established under National Security Presidential Memorandum-20. The safety analysis was led by City Labs' Kevin Makinson and independently validated by Sandia National Laboratories.

The FAA issued its definitive payload authorization on September 30, 2025.

Advancing space exploration

Backed by the Department of War, NASA, and the Air Force Research Laboratory, the mission arrives at a key time for space exploration.

NASA's Artemis program aims to establish a permanent human presence on the Moon. Therefore, the demand for continuous, light-independent power sources is skyrocketing. It could position this satellite as a pathfinder for future deep-space operations.

"This milestone establishes a new class of spacecraft capabilities, enabling persistent operation of critical subsystems where traditional power systems fall short. This includes deep space, permanently shadowed lunar regions, and long-duration autonomous sensor networks," the company stated in the press release.

As a result, the BOHR mission will serve as a vital pathfinder for future nuclear-powered spacecraft supporting both civil and national security operations. When SpaceX's Falcon 9 lifts off, it will be launching the next era of nuclear-powered space exploration.

Tyler Durden Fri, 07/10/2026 - 12:45
Tyler Durden

Federal Appeals Court Upholds Illinois Ban On 'Assault Weapons'

Zero Rss
4 weeks ago
Federal Appeals Court Upholds Illinois Ban On 'Assault Weapons'

Authored by Aldgra Fredly via The Epoch Times,

A federal appeals court on July 9 upheld Illinois’s ban on the sale and possession of “assault weapons” and large capacity magazines, overturning a lower court ruling that had blocked enforcement of the law.

Illinois Gov. JB Pritzker signed the Protect Illinois Communities Act into law in January 2023 after a gunman killed seven people in a 2022 shooting during an Independence Day parade in suburban Chicago. A federal judge overturned the law in 2024, finding it violated the Second Amendment right to bear arms, but the injunction was later stayed after the state appealed.

In a 2–1 decision on July 9, the U.S. Court of Appeals for the Seventh Circuit concluded that the state’s ban is “consistent with the principles that underpin our nation’s tradition of firearm regulation.”

“In short, legislatures have long imposed restrictions on particularly dangerous weapons, and the Act is but another chapter in that story,” the order stated.

The appeals court said that semiautomatic rifles are rarely used for self-defense, citing an analysis that found handguns accounted for the majority of defensive gun uses.

Circuit Judge Michael Brennan dissented, saying the Illinois law contradicts the nation’s regulatory traditions that “forbid governments from prohibiting firearms commonly owned for self-defense.”

“Because the people have overwhelmingly chosen the AR-15 rifle and its magazine as their weapon of choice, they are protected by the Second Amendment,” the judge stated.

In a social media post, Pritzker called the ruling “a victory in the fight to end gun violence.” The governor said the state will continue enforcing its ban on “assault weapons” and high-capacity magazines.

The National Shooting Sports Foundation, a plaintiff in the case, said the appeals court erred in its ruling on modern sporting rifles (MSRs) and planned to seek the Supreme Court’s review.

“There are more than 32 million MSRs in circulation today, making these semiautomatic, centerfire rifles commonly owned and commonly used by nearly every standard,” the firearms industry trade association said in a statement.

“Likewise, there are hundreds of millions of standard-capacity magazines owned by law-abiding Americans in the United States.”

The Protect Illinois Communities Act criminalizes the sale and purchase of certain types of semiautomatic rifles and large capacity of ammunition.

Illinois Attorney General Kwame Raoul said in a statement that the weapons ban was intended to protect public safety.

“This is a win that enhances public safety in Illinois,” he said. “We have seen the damage that assault weapons and large-capacity magazines can inflict, and these weapons of war have no place in our communities.”

The Supreme Court said last month that it will consider whether bans on semiautomatic rifles, often called “assault weapons,” violate the Second Amendment.

Tyler Durden Fri, 07/10/2026 - 12:05
Tyler Durden

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