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Multiple folks who worked under the Biden administration have raised eyebrows on Becerra.

The state-by-state poll of 5,000 U.S. adults found 48% of the nation feels like their overall life is currently lacking in fun.

Nelson Peltz's Trian Discussing Wendy's Go-Private Takeover

Shares of Wendy's jumped in premarket trading after the Financial Times reported that Nelson Peltz's Trian Fund Management is considering taking the hamburger chain private and is seeking investors to back the deal.

FT noted:

Trian in recent weeks has held discussions with outside investors, including in the Middle East, about financing a potential takeover of Wendy's, according to people familiar with the matter.

Earlier this year, Trian stated in a regulatory filing that Wendy's is "currently undervalued," fueling speculation that Peltz would push for significant changes.

FT's report continued:

Trian has not made a formal approach to buy Wendy's and there is no guarantee that the financing discussions will result in a takeover bid, the people said. Peltz pushed for Wendy's to consider strategic options in 2022 before backing down a year later.

Trian's possible take-private bid comes as Wendy's stock remains locked in a 72% bear market since its 2020 peak near $25 per share. The chain has faced sluggish traffic, higher beef costs, and intensified competition from McDonald's, Burger King, and Chipotle.

Wendy's shares track USDA retail beef prices (inverted) ...

Wendy's is currently executing a "Fresh Start" turnaround plan to boost U.S. sales, update its menu, and shutter underperforming restaurants.

For Peltz, Wendy's current valuation appears to be 'price is right'…

Tyler Durden Tue, 05/12/2026 - 13:35

Dismal, Tailing 10Y Auction Sees Lowest Foreign Demand Since Jan 2025 As Yields Soar

With 30Y yields trading on the wrong side of 5% today, all eyes were on today's 10Y refunding auction to see if it would be ugly enough to push yields to 4.50% or higher. Here is what happened.

Just after 1pm, the Treasury announced that the high yield on today's sale of $42 billion in 10Y paper was 4.468%, the highest yield since Jan 2025, and a 0.4bps tail to the When Issued 4.464%, the 4th consecutive tail for benchmark 10Y auctions.

The bid to cover was 2.402, down from 4.249 and the lowest since February (below the six auction average of 2.47).

Internals were also weaker, with foreign bidders awarded just 63.95%, down from 65.32% a month ago and the lowest since Jan 2025, and a far worse than the recent average of 68.5%. And with Directs taking 24.1%, the highest since Jan 26, Dealers were left holding 12.0%, slightly higher than the 10.3% recent average.

Overall, this was a very poor, tailing auction, and the only reason bonds yields are not much higher is because they were already very high to begin with, highest since July 2025 to be precise. However, the lack of demand suggests that the next move in yields is likely to be even higher, the only question being where will it stop...

Tyler Durden Tue, 05/12/2026 - 13:21

Satisfaction in refunds has also seen a rise: 63% said they were happily surprised with their tax refund this year, up from 62% last year and 40% in 2024.

Henry Cavill and Sterling K. Brown star in the live-action take on the 1980s animated series.

Demi Moore battles the wind at Cannes, Heidi Klum steps out with her pup and more snaps...

Demi Moore battles the wind at Cannes, Heidi Klum steps out with her pup and more snaps...

Plus, watch Page Six Style's exclusive behind-the-scenes glimpse at Duff's prep process.

Plus, watch Page Six Style's exclusive behind-the-scenes glimpse at Duff's prep process.

"You cannot repeatedly make things public and then act shocked when people eventually respond publicly too," the reality TV star wrote in a lengthy Instagram comment.

"You cannot repeatedly make things public and then act shocked when people eventually respond publicly too," the reality TV star wrote in a lengthy Instagram comment.

Pakistan 'Categorically Rejects' Reports It Hid Iranian Military Planes From US Attack

A day after initial allegations were first widely reported, Pakistan's government has issued a public rejection of claims that it hosted Iranian military aircraft in order to shield them from coming under US-Israeli attack during the opening weeks of Operation Epic Fury.

However, Islamabad in the statement did acknowledged the presence of some Iranian planes at its airports - but described these as legitimate escorts related to high level diplomatic visits and contacts.

Iranian jets targeted by US military during Epic Fury

"Following the ceasefire and during the initial round of the Islamabad Talks, a number of aircraft from Iran and the United States arrived in Pakistan to facilitate the movement of diplomatic personnel, security teams and administrative staff associated with the talks process," a Tuesday statement by Pakistan said. "Some aircraft and support personnel remained temporarily in Pakistan in anticipation of subsequent rounds of engagement."

The initial Monday headlines suggesting Pakistan sought to protect Iranian military assets resulted in some outrage in D.C. and among the pundit class.

A late in the day Monday CBS News report alleged that US-ally Pakistan allowed Iran to park military aircraft at its airfields, and thus outside the US-Israeli strike zone during Operation Epic Fury:

As Pakistan positioned itself as a diplomatic conduit between Tehran and Washington, it quietly allowed Iranian military aircraft to park on its airfields, potentially shielding them from American airstrikes, according to U.S. officials with knowledge of the matter. 

Iran also sent civilian aircraft to park in neighboring Afghanistan. It was not clear if military aircraft were among those flights, two of the officials told CBS News. 

President Trump and admin officials have repeatedly declared the utter and total destruction of Iran's air force and navy, but apparently some planes were missed.

According to more from CBS: 

Together, the movements reflected an apparent effort to insulate some of Iran's remaining military and aviation assets from the expanding conflict, even as officials publicly served as brokers for de-escalation. 

The U.S. officials, who all spoke only under condition of anonymity to discuss national security issues, told CBS News that days after President Trump announced the ceasefire with Iran in early April, Tehran sent multiple aircraft to Pakistan Air Force Base Nur Khan, a strategically important military installation located just outside the Pakistani garrison city of Rawalpindi. 

One well-known war correspondent who spends time in Pakistan appeared to back Pakistan's account:

As someone who was also in Pakistan for weeks after the Islamabad talks waiting in hope of round two, this checks out:

“Following the ceasefire and during the initial round of the Islamabad Talks, a number of aircraft from Iran and the United States arrived in Pakistan to… https://t.co/eLyANnlUMG

— Caitlin Doornbos (@CaitlinDoornbos) May 12, 2026

Islamabad is further framing the CBS story as one which seeks to dampen confidence in its role as a neutral mediator, as the warring sides still seek to hammer out a basis for future talks and a peace deal.

Tyler Durden Tue, 05/12/2026 - 13:00

The first four seasons are currently streaming on Hulu and Disney+!

Two of the last 10 winners of the PGA Championship cashed in at triple-digit odds.

A Spanish passenger evacuated from the cruise ship at the center of a hantavirus outbreak has tested positive for the virus, Spain’s health ministry announced Tuesday.

A trio of Giants outfielders celebrated a big win over the Dodgers on Monday night in a very bizarre manner.

Leftist CNN pundit Bakari Sellers and “Shark Tank” star Kevin O’Leary sparred over congressional redistricting in a heated debate Monday night.

Is it time to hit the panic button?

Yaoning “Mike” Sun and John Chen helped Eileen Wang win office and secretly reported back to their masters in the People’s Republic of China, according to court documents.