🗞️ Musk, Ramaswamy on DOGE move

November 25, 2024   |   Listen Online   |   Read Online Brought to you by: Top stories today: Musk, Ramaswamy forming Trump's DOGE with Silicon Valley cohort CoreWeave said to raise $3B+ at $35B+ valuation in Q2 2025 U.S. IPO Amazon doubles down on Anthropic with $4B investment Tim Cook closes ties with Trump through direct phone calls, meals SEC collects $8.2B in fines, with Terraform Labs contributing $4.5B Follow us on X | Instagram | Advertise 0. Data and calendar All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). All times are ET. Listen to our AI-generated podcast summarizing today's newsletter (beware of the few hallucinations): Bay Area Times Daily - Nov. 25, 2024 ►   Play Online 1. Musk, Ramaswamy on move to form Trump's DOGE team with Silicon Valley cohort PE exec. Antonio Gracias and Boring Company President Steve Davis are involved in planning. Palantir's Joe Lonsdale and investor Marc Andreessen, among others, are working on technical challenges. Andreessen is also acting as a key networker for talent recruitment. 2. Money Pickle: Easy Access to Trusted Financial Advice Anytime, Anywhere* Money Pickle Money Pickle makes it easy to connect with a financial advisor online; no need for in-person visits, just schedule a call or video chat from home. You start by answering a few questions, then you can book a free initial consultation; if you need more help, you can continue with your advisor for a fee. The platform prioritizes safety, using secure data practices and carefully screening all advisors, including verifying their credentials with FINRA. Users really like Money Pickle; it's rated highly on Google and Reddit for being accessible, with knowledgeable advisors and solid customer support. Get Started with Your Free Consultation Today! *Sponsored. 3. CoreWeave said to raise $3B+ at $35B+ valuation in Q2 2025 U.S. IPO Nov.: CoreWeave's $650M secondary share sale was closed at a $23B valuation. 4. Amazon doubles down on Anthropic with $4B investment In total, Amazon has invested $8B in Anthropic. $13.7B in total funding has been raised by Anthropic so far. Co-developing future AWS' Trainium accelerator versions. 5. Tim Cook closes ties with Trump through direct phone calls, meals Does it himself, not relying on government relations executives or lobbyists. Trump's son-in-law and daughter were also targeted by Cook. The strategy helped Apple get tariffs reversed in Trump's 1st presidency. Getting on Trump's schedule now is difficult for new executives. 6. The Best Hearing Aid in 2024: "The Clarity Is Insane"* hear.com Imagine this: you're in a crowded restaurant. You're with friends, family, colleagues – take your pick. There's music playing, people all around, and it's not super easy to hear the conversation. What do you do? Here are your options: You can lean in, read lips, ask for repeats, or… hear me out… you could give this tiny new hearing aid a try… hear.com's new best-selling device is making conversation effortless, even in background noise… and the clarity is insane. So if you want to join 400,000 happy customers and give them a try, you know what to do: Click here! Learn More *Sponsored. 7. SEC collects record $8.2B in fines, with Terraform Labs contributing $4.5B SEC. +65.5% YoY in total fines and penalties collected, from $4.9B in 2023. $2.1B collected in penalties and $6.1B in disgorgement. -26% in total enforcement actions to 583. 8. U.S. dollar advance may be hit by Scott Bessent's nomination as next Treasury Secretary Bloomberg. -0.6% in U.S. currency gauge on Mon. Yen and EUR emerged as the best performing currencies. Bessent is seen as a "safe hands" candidate by the market. 9. AI eats the world: Benedict Evans's 2025 presentation Benedict Evans. 10. U.S., Europe rate expectations diverge as Trump shifts outlook FT, Bloomberg. U.S. inflation is expected to remain higher than in the Eurozone and above the target FT, LSEG, Consensus Economics. U.S. and Eurozone growth forecasts are in diverse directions FT, Consensus Economics. 11. Global smartphone shipments +2% YoY to 307M in Q3 Counterpoint. Samsung continued to lead the market, with a 19% share. Apple secured 2nd place, with +5% in shipments. Xiaomi +3%. Vivo recorded its fastest YoY growth among top-5 OEMs. 12. Meta's Threads loses ground to Bluesky in U.S., UK FT, SimilarWeb. Bluesky leads in web DAUs, Threads in app DAUs. +300% in Bluesky's app usage in the U.S. and UK to 3.5M daily users since election day. Securing top talent with our guide is a click away At Deel, we've simplified a world's worth of global hiring information. Our expert teams can help you navigate quick and compliant hiring in 150+ countries and so much more. Get the guide 13. Interesting videos, posts, and memes DOGE unveils a roadmap, Unlocking GDP Growth, WW3 escalation, Fat cell memory Anthony Scaramucci: Elon, DOGE & America's Fate Under New Leadership (w/ Salim Ismail) | EP #132 Dan Fougere, CRO @Datadog: Why Discounting is Dangerous and Contract Sizes are Misleading | E1229 Vertical AI Agents Could Be 10X Bigger Than SaaS 14. Other headlines AI Scaling laws only take us so far; the time has come for fresh invention: Gary Marcus. Top-Quality Talent, 70% Cost Savings—Meet Athyna.* Money Pickle: Ready to take control of your financial future?* *Sponsored. Tech Apple said to delay iOS 19 features until spring 2026. Sony reportedly working on handheld PS5 to rival Switch. Tech & law Intel's $8.5B CHIPS grant to be reduced to under $8B. TikTok CEO seeks Musk's counsel on incoming Trump administration. Biotech Marty Makary named to head FDA. Telomir Pharma says their small molecule extends telomeres in C. elegans. Crypto Lutnick's Cantor, Tether discuss $2B BTC lending project. Downing Tech: consulting on decentralised technologies.* *Sponsored. U.S. politics 2 defense financiers being considered for deputy secretary of defense. 64% say undocumented immigrants should be able to stay, under conditions. World Pro-Russia candidate wins 1st round of Romanian presidential elections. Israel, Hezbollah near ceasefire, says Israel's envoy to Washington. Khamenei: Israeli leaders should be sentenced to death. Russia has retaken half of Kursk region from Ukraine. Was this newsletter forwarded to you? Sign up here. Liked it? Forward it to friends and get rewards (see below). Share Bay Area Times Share our newsletter with your friends and get free Bay Area Times rewards! You currently have 0 referrals, only 1 away from receiving our Generative AI Unicorns Database. 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