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Russell Wilson won't be alone in starting something new at CBS.

Javier Bardem is a new kind of Max Cady.

Flesh-Eating Screwworm Detected In Texas, Threatening Already-Strained U.S. Cattle Herd

Concerns over the New World screwworm (NWS) have been building for the last 12 months as the deadly cattle parasite spread through Mexico and the Trump administration attempted to prevent its spread into the U.S. Those concerns have now turned into red alerts after the USDA confirmed a single case in Texas, marking the first U.S. detection in years.

"A case of NWS may have been detected in South Texas. The sample is now at USDA's National Veterinary Services Laboratories (NVSL) in Ames, lowa for confirmatory testing. We will provide updates the moment results are available," USDA wrote on X.

A case of NWS may have been detected in South Texas. The sample is now at USDA's National Veterinary Services Laboratories (NVSL) in Ames, lowa for confirmatory testing. We will provide updates the moment results are available.

We have already activated personnel on the ground…

— Dept. of Agriculture (@USDA) June 3, 2026

USDA Secretary Brooke Rollins wrote on X that the "confirmed the detection of a New World Screwworm (NWS) fly in a 3-week-old bovine in Zavala County, Texas."

As expected, @USDA_APHIS confirmed the detection of a New World Screwworm (NWS) fly in a 3 week old bovine in Zavala County, Texas. @USDA and Texas Animal Health @TAHC officials are taking immediate action to contain and eradicate NWS from the area.

For more… https://t.co/GJkUJl0XEI

— Secretary Brooke Rollins (@SecRollins) June 4, 2026

USDA states that there is currently no evidence that NWS has become established in the U.S., but the agency is moving quickly with quarantines, movement controls, surveillance within a 12-mile zone of the detection area, and the release of sterile flies to contain any spread.

The detection of NWS in the U.S. would be a direct biological and economic shock to the cattle herd if the spread were rampant, given that the nation’s herd is already at a 75-year low, beef prices are at record highs, and meatpackers are under pressure from fewer and more expensive animals.

If NWS were established in the U.S., this could delay herd rebuilding at the worst possible time. Reuters notes that a spreading outbreak could further hit the herd and expose Texas livestock alone to roughly $1.8 billion in estimated economic losses.

A spread of NWS would be bullish for live cattle futures and beef prices, bearish for meatpackers, such as Tyson Foods, that need cattle heads, and supportive of animal-health names tied to treatments and parasite control.

Perhaps the U.S. importing 60% of its live cattle from third-world Mexico is not the best idea.

Tyler Durden Thu, 06/04/2026 - 10:20

Maine Democratic Senate hopeful Graham Platner privately acknowledged that there are even more damning rumors about him but was adamant that the gossip is false, according to a report.

The sexual deviant said he told the teens he regretted his crime – but one allegedly snapped back that "people on the registry need to be dead," the outlet reported.

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Jaxson Dart gave fans insight into his NBA Finals experience.

Blackstone's Private Credit Fund Joins Peers In Gating Investors After Surge In Redemptions

The private credit gates are shutting all over again.

After virtually every marquee private credit fund limited withdrawals after being flooded with redemptions requests in Q1, we are seeing more of the same as the second quarter rolls out.

And two days after Cliffwater LLC capped redemptions at 5% after investors requested 17% to be returned, a jump from the 14.0% in Q1 (which was also gated at the 5%) limit, this morning Bloomberg reports that Blackstone has also limited redemptions from its flagship private credit fund for the first time after investors sought to pull 10% of the shares, the latest such fund to cap withdrawals amid a continued investor exodus.

The $79 billion Blackstone Private Credit Fund told shareholders that it would return 5% of its shareholders’ money, according to a filing

Thursday. During the previous quarter, the fund allowed investors to redeem a record 7.9% after tapping senior executives to help finance the withdrawals with hundreds of millions of their own cash.

This time - realizing that the avalanche of redemptions requests will not ease for a long time - the company did not bother with coming up with a creative solution to avoid gating... and gated investors, joining all of its other peers in doing so. 

Of course, Blackstone told shareholders that repurchases began to decelerate during the back end of its tender offer period, although as the chart below shows, we will have to wait until Q3 to see if that is true. 

Across the $1.8 trillion private credit market, redemption requests are expected to increase this quarter as investors redouble efforts to claw back money after being restricted. What is concerning, is that despite the recent surge in software stocks - driven entirely by positioning and not fundamentals - private credit continues to feel the pain of investor revulsion to BDC's overreliance on sottware cash flows, suggesting that the recently meltup in software stocks is due to a major pullback as soon as the marketwide gamma squeeze fizzles. 

Tyler Durden Thu, 06/04/2026 - 09:45

It turns out Nick Bilton wasn’t the only candidate that Bari Weiss considered for the top job at “60 Minutes.” Multiple sources with knowledge of CBS News’ hiring practices say the CEO of Paramount Skydance David Ellison was integrally involved not only in reviewing candidates, but also in meeting personally with at least two contenders — including Bilton. But Bilton had one key...

Seventeen train cars and two power engines derailed after the crash and caused “significant damage”

Carlos Rodon has begun to trend in the right direction for the Yankees.

Tom Barrett of Michigan, Warren Davidson of Ohio, Brian Fitzpatrick of Pennsylvania and Thomas Massie of Kentucky voted with 211 Democrats to approve the resolution.

Jamie Dimon To Hold "Live Interactive Discussion" With Super-Rich Clients As SpaceX IPO Roadshow Commences

SpaceX is reportedly targeting a valuation of about $1.8 trillion as it prepares to go public next Friday, trading on the Nasdaq exchange under the ticker symbol SPCX.

Last month, Goldman Sachs was selected as the lead bank for the SpaceX listing, alongside Morgan Stanley. JPMorgan, Bank of America, and Citigroup are also among the 23 banks working on what will be the largest-ever listing, expected to raise a staggering $75 billion by selling about 555.6 million shares. The planned IPO price is about $135 per share.

Retail investors will be able to participate at the same prices as the big institutions. Expected SPCX price of $135 per share → https://t.co/eKBA0tzXbH

— SpaceX (@SpaceX) June 4, 2026

On Wednesday, we told readers that SpaceX's roadshow for institutional investors was set to begin on Thursday.

A new Bloomberg report states that JPMorgan CEO Jamie Dimon is set to hold a "live interactive discussion" later today. He will be joined by Mary Callahan Erdoes, CEO of the bank's asset and wealth management division, and two SpaceX executives: President Gwynne Shotwell and Chief Financial Officer Bret Johnsen.

The event will be streamed to 90 JPM locations across 26 states, according to Bloomberg sources, with more than 2,500 of the bank's clients expected to watch.

JPMorgan's nationwide roadshow for SpaceX shows that demand is extending deep into the private-wealth client base for this once-in-a-generation listing.

With the SpaceX roadshow underway, Morningstar equity analyst Nicolas Owens attempted earlier this week to temper the hype around the listing by publishing a note saying, "We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO."

Meanwhile, Polymarket odds for "SpaceX IPO closing market cap above ___?" currently stand at 89% for a market cap above $1.8 trillion.

//--> //--> SpaceX IPO closing market cap above $1.8T?
Yes 89% · No 12%
View full market & trade on Polymarket.

SpaceX's listing next week will pave the way for other mega IPOs, such as those of chatbot makers OpenAI and Anthropic.

Tyler Durden Thu, 06/04/2026 - 09:30

Stone, who declined to name her attacker, said the incident left her with a fractured rib cage.

Stone, who declined to name her attacker, said the incident left her with a fractured rib cage.

President Trump says a deal with Iran could be finalized as soon as this weekend, potentially ending months of conflict and reopening the Strait of Hormuz. The White House says the proposed agreement would permanently block Iran from obtaining a nuclear weapon. Meanwhile, the New York Post traveled to Maine to investigate the growing controversies...

The pair were first spotted in NYC on Tuesday, headed to Italian hotspot Via Carota.

The pair were first spotted in NYC on Tuesday, headed to Italian hotspot Via Carota.

The four-time most valuable player award winner and two-time home-run leader is now a contender for another major prize.