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By Saqib Iqbal Ahmed and Laura Matthews NEW YORK, June 16 (Reuters) – Trading in options kicked off with record volume and bullish activity dominating on Tuesday, underscoring strong investor demand for a new way to bet on the future of Elon Musk’s aerospace company. Some 1.3 million SpaceX contracts traded by 2 p.m. ET (1800 GMT), handily surpassing Meta Platforms’ — then known as Facebook — options debut in 2012, which held the previous first-day volume record of about 365,000 contracts, according to Trade Alert data. “We’ve never seen anything like it,” said Henry Schwartz, global head of client…
It’s unclear what processes the Pentagon has in place to review the accuracy of its AI-generated reports to Congress. But such reports are a crucial element of congressional oversight intended to hold the US military accountable for how it uses taxpayer dollars—and so any AI-induced errors or mischaracterizations could undermine the accountability mechanism of such reports. This also comes at a time when the Pentagon has requested an unprecedented $1.5 trillion budget for the 2027 fiscal year. Members of the US military have also been using generative AI tools to write personnel evaluation reports for non-commissioned officers and commissioned officers,…
The prime minister says the UK is working with other countries on a plan to protect vessels in the key waterway. Source link
Automaker General Motors on Tuesday announced a new partnership with defense company Lockheed Martin to scale manufacturing and expand production capabilities.The deal was facilitated by the U.S. Department of Defense, according to Bruce Brown, GM’s vice president of strategy at GM Defense, and will focus on munitions and more. “What makes this moment especially important is that the country needs more than great technology. It also needs the capacity to build, scale and deliver reliably,” Brown said on a call with reporters. “This is where GM can help. Across our company, we bring deep experience in advanced engineering, digital development,…
Iran deal includes $300 billion fund, more than half of which already committed, source says Source link
Evan Spiegel, co-founder and CEO of Snap, during the Axios Media Trends Live event in New York, Sept. 18, 2025.Michael Nagle | Bloomberg | Getty ImagesSnap CEO Evan Spiegel is betting consumers are so tired of looking at smartphone screens that they’ll be willing to pay over $2,000 for augmented reality glasses that bring digital visuals into a user’s field of vision.”Almost 20 years since the launch of the iPhone, people are ready to think about computing differently,” Spiegel said in an interview with CNBC.On Tuesday, the Snap co-founder debuted Specs, his company’s first AR device geared toward the broader…
It comes as ex-defence secretary John Healey says the UK’s enemies “do not follow timetables set by the Treasury”. Source link
California Governor Gavin Newsom speaks during the Munich Security Conference (MSC) in Munich, Germany, February 13, 2026. Liesa Johannssen | ReutersChances that a proposed billionaire tax will appear on California’s ballot dropped from 88% to 35.5% over the last week on prediction markets platform Kalshi. The plunge arrives on the heels of reports from Politico and Bloomberg News that Gov. Gavin Newsom is pushing to stop the proposed tax from appearing on November’s ballot before a June 25 deadline. The proposal, backed by the Service Employees International Union – United Healthcare Workers West, calls for a one-time 5% tax on…
Stay informed with free updatesSimply sign up to the Russian politics myFT Digest — delivered directly to your inbox.A Russian artist who had long criticised President Vladimir Putin was shot dead in eastern Poland, prosecutors said on Tuesday, adding that two Belarusian nationals had been detained in connection with the investigation.Robert Kuzovkov, a 44-year-old painter, cartoonist and performance artist who worked under the pseudonym Semyon Skrepetsky, had recently joined protests against the Putin regime in Italy and Germany. He had lived in Poland since 2021 after leaving Russia to avoid arrest.A spokesperson for the Lublin district prosecutor’s office told reporters…
Rivian electric vehicles are parked in front of a Rivian service center on April 30, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesRivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce, as the EV maker aims to narrow losses.The layoffs affect some teams in the service and customer segments, according to a spokesperson. The company had 15,232 employees across North America and Europe at the end of last year.”We recently restructured a handful of teams within Rivian as we work to profitably scale our business,” the company said in a…