CMR is the leading provider of funding and management support for small to medium-sized businesses and entrepreneurs 

Via the Brownstone Institute,

Hollywood loves a good sequel and so does politics and pharmaceutical development. 

Since Covid, there have been several attempted disease scares – Mpox, Swine flu, Bird flu, Chikungunya, Measles – but nothing has really caught the attention of audiences like the new Hantavirus frenzy. 

Today’s evidence comes from DRUDGE REPORT: global effort to stop the spread. Is “flatten the curve” next?

Let’s remember how this began last year, with of course, a hantavirus death in the family of one of America’s most beloved Hollywood actors. It was Betsy Arakawa, Gene Hackman’s wife, who died February 12, 2025, from apparent hantavirus infection from rodents in the home. Terrifying image. 

At that point, no regular person had ever heard of such a disease. There is a reason. It’s rare and human-to-human spread is nearly unknown. Strange that it would hit the wife of the appropriately named Gene Hackman (get it?), leading man of the prescient 1998 movie Enemy of the State. 

Next up we have a reprise of the Plague Ship motif. Like the Diamond Princess, it is a cruise ship, the MV Hondius operated by Oceanwide Expeditions with 147 passengers, departing from Argentina and now anchored off Cape Verde, West Africa. 

It was headed to the Canary Islands when three people died, two with lab-confirmed hantavirus. No port would allow the ship to dock. With the assistance of rescue boats, the dead have been carefully removed by workers in hazmats and masks.

A flight attendant who came in contact with a dead body is now hospitalized and in rough condition, suggesting that even coming close to a person with hantavirus is risky stuff. No one can figure out how this is even possible. So mysterious, so unusual, so terrifying, just like the movie Contagion. 

This fits with the theory of Drs. Fauci and Morens that we need not worry about lab-created pathogens when animal-to-human spillover is becoming more common. This is why, they wrote in August 2020, that we must commence to “rebuilding the infrastructures of human existence, from cities to homes to workplaces, to water and sewer systems, to recreational and gatherings venues.”

Ready to opine for the press is the World Health Organization’s Dr. Maria Van Kerkhove, she of Stanford University pedigree, now widely quoted as the go-to authority. 

You might remember Dr. Kerkhove from the original cast of the Covid production. It was she who wrote the WHO’s report to the world following the February 2020 junket to Wuhan. (We know this from the metadata of the report, which she failed to cleanse in the rush to publication.) 

“Achieving China’s exceptional coverage with and adherence to these containment measures,” she wrote of the CCP’s extreme lockdowns, “has only been possible due to the deep commitment of the Chinese people to collective action in the face of this common threat. At a community level this is reflected in the remarkable solidarity of provinces and cities in support of the most vulnerable populations and communities.”

Many close observers credit Kerkhove’s report with inspiring the worldwide lockdown of all nations but four in the following weeks. She still works at the WHO. Hardly anyone remembers any of this. There is no mechanism in place for her to be held to account for her role. 

There is no known cure but a vaccine is in development by Moderna based on the mRNA platform. 

As a result, Moderna’s stock, down dramatically from its highs, is now starting to recover. It is now up 100 percent year over year. The buy signal is strong with this one.

Looking back at the Covid prequel, there was always a flaw in the coronavirus caper, namely its short period of latency, roughly that of a cold or flu. You are infectious for a few days without symptoms while you pass it on. A genuine disease panic needs a longer period of latency. You need to be infected for weeks while spreading it far and wide. 

Why is this? Because every infectious disease confronts the logic of survival. A smart virus does not kill its hosts – it needs them to infect others – but a dumb one does, which is why dumb viruses are not good candidates for pandemics. 

This persistent trade-off between severity and prevalence can only be gamed by a long period of latency. That’s extremely rare and not even lab-created viruses manage this balancing act well. 

As it turns out, this hantavirus does have a very long period of latency, we are assured by the Harvard School of Public Health. It has issued a pronouncement: “The incubation period – the time between when a person is infected and when they begin to experience symptoms – is usually in the range of two to three weeks, but may be as long as eight weeks.”

Two months! Imagine that. Here we might finally have our candidate for the silent killer about which Deborah Birx fantasized during the last iteration of this story.

Keep in mind that no high institution in the US has repudiated lockdowns, even if two-thirds of the public believes they were pointlessly damaging. The call for Covid Justice has now 37,300 signatures but not enough to cause the Senate, House, or any other legislative body to speak clearly that this will never be tolerated again. 

To this day, the plan of the World Health Organization – which is already practicing for the next pandemic – is to push for lockdowns until vaccination in the event of a new disease scare. “Every country should apply non-pharmaceutical measures systematically and rigorously at the scale the epidemiological situation requires,” they say. 

Meanwhile, the Biden plan was for a 130-day lockdown in the event of a new pandemic. 

There are few mechanisms in place in any country to prevent this from happening. There are good people in government who would oppose this with strong conviction but will they even be asked their opinions? Or does this all occur with any obvious evidence of democratic volition? 

Who precisely is directing and producing this sequel? No one knows for sure. Will it be a box office hit like the last time or only have a limited release to test market interest? All the ingredients are here for an Academy Award: rodents, long latency, spread through casual contact with the dead, workers in hazmat suits, no known cure, a vaccine in rushed development. 

The real beauty of disease panic is that it has broad audience appeal and crosses partisan lines. National Review is all in already, as it was with Covid, and surely The Nation will join the effort in days. 

These are well-worn plot devices and sequels are rarely as compelling or profitable as the original. But when one is out of other ideas – and the public clamor to indict Fauci grows by the hour – it’s always worth a shot. 

Recent trading competitions suggest large language models are still unreliable portfolio managers, according to Bloomberg.

Tests involving models from OpenAI, Anthropic, Google, and xAI have often delivered underwhelming results: many lost money, traded excessively, and made erratic decisions despite receiving identical prompts. In several cases, models appeared unable to stick to coherent strategies for more than a few trading sessions.

Bloomberg writes that one of the clearest examples came from Alpha Arena, a competition created by startup Nof1. Eight models were each given $10,000 and asked to trade U.S. tech stocks over a two-week period using different strategies, including defensive approaches and leveraged bets. Across four competitions, the models collectively lost roughly a third of their capital, and only six of 32 outcomes ended in profit.

The gap in behavior was striking: xAI’s Grok 4.20 made just 158 trades in one contest, while Alibaba Group’s Qwen executed 1,418 under the exact same prompt.

The experiments reflect growing interest in whether generative AI can eventually outperform traditional fund managers. Wall Street firms including JPMorgan Chase and Balyasny Asset Management already rely on AI for research, fraud detection, and internal analysis, but they have largely stopped short of handing over actual investment decisions. As Nof1 founder Jay Azhang put it, current models still struggle with basics like “position sizing, timing, signal weighting and overtrading.”

That broader pattern has shown up elsewhere too. Research blog Flat Circle tracked 11 public AI trading competitions and found that while every event produced at least one profitable model, only two generated a profitable median return — suggesting most bots still underperform more often than not. Azhang was even more blunt about the state of autonomous trading: giving an LLM money and letting it invest independently “isn’t a thing yet.”

Some firms are still betting that the technology improves with better tools and tighter guardrails. Intelligent Alpha, for example, runs an AI-driven fund that combines LLMs with earnings transcripts, analyst forecasts, corporate filings, macroeconomic indicators, and web searches to make predictions. In late 2025, OpenAI’s ChatGPT correctly predicted the direction of earnings estimate revisions 68% of the time — its strongest showing so far.

Evaluating these systems remains difficult because traditional backtesting methods can be misleading: models may already have embedded knowledge of past market events, creating look-ahead bias. That has pushed more firms toward live-market experiments, where results so far suggest AI may be useful as an assistant — but not a replacement — for human traders.

Summary

• US reportedly struck 4 Iranian oil tankers attempting to traverse the Strait

• Qatari LNG Tanker entered the Strait for first time since start of war

• US continues to await a formal response from Tehran on a proposal aimed at ending the war

The odds of a permanent peace deal by the end of May have faded notably (now just 25%)...

US Reportedly Struck 4 Iranian Oil Tankers Entering The Strait

Multiple accounts across social media are reporting that four tankers were apparently struck or disabled by the U.S. forces near Iran’s Jask area. 

@EGYOSINT notes that satellite imagery shows one tanker on fire and extensive oil spills, including leaks from two tankers, with another spill detected about 7.4 kilometers from the anchorage site.

@Merrux confirmed that US forces hit an Iranian oil tanker near the port city of Bandar Jask last night.

The vessel is currently on fire. It remains unclear if other tankers were also hit, though smoke is rising from them. The tanker is visibly ablaze, there has been no response from Iran.

Presumably these are just more "love taps" and do not represent any threat to the so-called 'ceasefire'.

Iran Keeps US Waiting On Formal Response To Peace Proposal

A state of relative calm prevailed around the Strait of Hormuz on Saturday, after days of sporadic flareups, as the Trump administration continues to await a formal response from Tehran on a U.S. proposal aimed at ending the war and reopening the Hormuz chokepoint, following last week's clashes between Iranian and U.S. naval forces in the world's most critical waterway.

As Times of Israel reports, US Secretary of State Marco Rubio said on Friday that Washington expected a response within hours and President Donald Trump later said it would likely be submitted “tonight.”

But a day later, there was no sign of movement from Iran on the proposal, which would formally end the war before talks on more contentious issues, including the Iranian nuclear program.

With US President Donald Trump due to begin a long-awaited visit to China next week, there has been mounting pressure to draw a line under the conflict, which has thrown energy markets into turmoil and posed a growing threat to the world economy.

As Tehran kept Washington waiting for its response after saying Friday it was not paying attention to “deadlines,” the Islamic Republic’s Foreign Minister Abbas Araghchi called into question the reliability of the US leadership in a call with his Turkish counterpart.

“The recent escalation of tensions by American forces in the Persian Gulf and their numerous actions in violating the ceasefire have added to suspicions about the motivation and seriousness of the American side in the path of diplomacy,” he said, according to an Iranian account of the call published by the ISNA news agency.

While there were no official signs of a breakthrough in negotiations as of early Saturday morning, new ship data from the Hormuz area may suggest that positive developments are ahead. 

Qatari LNG Tanker Enters The Strait In First Since War

Bloomberg reporter Stephen Stapczynski wrote on X that an LNG tanker from Qatar is "attempting" to transit the Hormuz.

"If successful, this would be the first time Qatar has exported LNG out of the region since the Iran war began in late-Feb," Stapczynski noted, adding, "The tanker says it is destined for Pakistan."

BREAKING: Qatar is attempting to send an LNG shipment through the Strait of Hormuz ??????

If successful, this would be the first time Qatar has exported LNG out of the region since the Iran war began in late-Feb

The tanker says it is destined for Pakistan pic.twitter.com/JBHMq2RWpi

— Stephen Stapczynski (@SStapczynski) May 9, 2026

The tanker is fully loaded with LNG and is currently transiting the Hormuz chokepoint. We must point out that the ship did not sail through the Hormuz Island route. There is no word on whether Iran charged the vessel a transit fee, but Tehran allows ships from "friendly" nations, primarily China, India, and the UAE, to pass.

On Friday, UBS energy analyst Anna Kishmariya told clients that shipping flows through the Hormuz chokepoint remain very restricted and that the global oil market is getting tighter.

There is certainly urgency among the Trump administration and other nations to unfreeze Hormuz, as oil market insiders see a roughly one-month countdown to global energy chaos if the waterway remains blocked through this month.

Latest overnight headlines, courtesy of Bloomberg:

Ceasefire and Diplomatic Efforts

• The US is waiting for Iran's response to Trump's latest proposal to end the war, which suggests Iran reopen the Strait of Hormuz while the US ends its blockade of Iranian ports over the next month

• Tehran's response to the US proposal is "under review," according to Foreign Ministry Spokesman Esmail Baghaei

• Trump has changed his approach to prioritize reopening the Strait of Hormuz at all costs while leaving nuclear and ballistic missile negotiations for later

Recent Military Clashes

• The US struck Iranian military targets on Thursday after Iran fired multiple missiles, drones and small boats at three US Navy destroyers in the Strait of Hormuz, with no US assets hit

• US forces targeted missile and drone launch sites and other military assets in Iran that were responsible for attacking the US warships

• The US "disabled" two unladen Iranian-flagged oil tankers, according to US officials

• Iran seized the tanker Ocean Koi in the Gulf of Oman, which appeared to be carrying Iranian oil

Hormuz

• The Strait of Hormuz remains effectively closed to commercial shipping since Tuesday following the US-Iran clashes

• A Qatari LNG tanker, Al Kharaitiyat, is attempting to transit the strait, which would mark Qatar's first export from the region since the war began

• Saudi Aramco and UAE's Adnoc have managed to move some crude cargoes through the strait despite Iran's effective closure of the waterway

Impacts

• The world has burned through oil inventories at record speed as the Iran war throttles flows from the Persian Gulf, eating into buffers that protect against supply shocks

• Chinese energy imports fell sharply in April, with crude cargoes dropping about 20% year-on-year to 38.47 million tons and gas falling about 13% to 8.42 million tons

• Global food prices climbed to their highest level in more than three years as the Iran war disrupted supply chains, with the UN food-commodity index gaining 1.6% in April

• Iran's record internet blackout is taking a heavy toll on private businesses, with warnings it could lead to mass layoffs and closures

International Response

• The US imposed sanctions on three Chinese firms for providing satellite imagery to Iran, enabling its military strikes on American forces in the Middle East

• The UK will deploy HMS Dragon warship to the Middle East as part of planning for a European-led mission to escort ships through the Strait of Hormuz once there's a stable ceasefire

• Iran is ramping up trade with China via rail to bypass the US blockade, with cargo trains from Xi'an to Tehran increasing from one per week to one every three or four days

The Iranian government has for the first time officially weighed in on the health of new supreme leader, Ayatollah Mojtaba Khamenei, who was injured in the opening strikes of Trump's Operation Epic Fury, which killed the younger Khamenei's father and wife.

"A government official claimed Khamenei, who hasn't been seen in public since that attack, is now in good health," The Wall Street Journal writes Saturday.

He hasn't been seen in public since the war began, and even official statements have been read aloud on state media broadcasts. There have since been conflict reports. However, according to the latest:

Yet the chief of protocol for the supreme leader’s office, Mozaher Hosseini, said on Friday that Khamenei is in “complete health,” stressing that he has only been “marginally injured” on his foot and lower back and hit by “a small piece of shrapnel had hit him behind the ear.”

“The enemy is spreading all kinds of rumors and false claims. They want to see him and find him, but people should be patient and not rush. He will speak to you when the time is right,” Hosseini told a crowd in Tehran.

Prior international reports suggested he was being treated for severe burns and that he could undergo surgery, and resorts to communicating commands to lower officials via low-tech means, including written and hand delivered messages, in order to avoid Israeli or US intelligence intercepting signals related to his whereabouts.

Regional and Gulf media have also summarized of the latest official Iranian description of the Ayatollah's health, that "there were no indications of a serious deterioration in his condition."

And, "According to Iranian media reports, the official stated that medical examinations confirmed Mojtaba Khamenei’s condition was completely stable. He added that the injury did not require complex surgery. Furthermore, he is undergoing only routine medical monitoring to ensure his well-being."

Iranian President Masoud Pezeshkian revealed on Thursday that he for the first time recently held a meeting with Mojtaba Khamenei, at an undisclosed location, and that the encounter was a long and productive one. State media said it was two-and-a-half hours.

US intelligence assesses that Iran’s new supreme leader is playing a critical role in shaping war strategy alongside senior Iranian officials, according to multiple sources. https://t.co/Ejyo5tGipb pic.twitter.com/c4nfMMR25r

— CNN (@CNN) May 9, 2026

"What stood out more than any other topic in the meeting was the way of dealing, the type of outlook, and the humble and deeply friendly manner of conduct by the leader of the revolution," Pezeshkian described. He characterized the new Ayatollah's approach as "a model based on taking responsibility, being close to the people, and truly listening to issues and problems."

Western officials and intelligence have all the while been seeking to assess just who is ultimately in charge of running the country. There have been reports of a growing split between the IRGC military apparatus and the Islamic Republic's civilian leadership. However, none of these reports are confirmable, but it's largely only guesswork by those far outside the country.

By many accounts Russia's Saturday Victory Day parade and memorial observances in Moscow's Red Square were once again muted and somewhat scaled down compared to the immense pageantry which marked the pre-Ukraine war years.

President Putin used the occasion while speaking in front of thousands of military personnel and flanked by a handful of world leaders to take swipes at NATO and the West, saying he's fighting "just" war and called Ukraine an "aggressive force" that is being "armed and supported by the whole bloc of NATO".

"The great feat of the generation of victors inspires the soldiers carrying out the goals of the special military operation today," Putin said. "They are confronting an aggressive force armed and supported by the entire NATO bloc. And despite this, our heroes move forward." He added: "I firmly believe that our cause is just."

The three-day Ukraine ceasefire announced and backed by President Trump appears to be holding, as no drone attacks have been registered on Moscow or other parts of the country. Large-scale drone waves were coming on a daily basis throughout last week. Massive bombardment of Ukraine has also ceased. Ukraine's Zelensky had reportedly ordered his armed forces to adhere to the short ceasefire:

Meanwhile, Ukrainian President Volodymyr Zelensky issued a decree on Friday (May 8) ordering the Ukrainian military not to attack the parade. He also confirmed that his government would adhere to the ceasefire and the prisoner swap of 1,000 detainees from each side.

"Red Square is less important to us than the lives of Ukrainian prisoners who can be returned home," Zelensky said, referring to the historic site in Moscow where the annual event is held.

The Kremlin has over the past days repeatedly warned that Kiev would come under immense bombing if the parade did get attacked, and went so far as to tell foreign diplomats they should evacuate the Ukrainian capital in such a scenario.

Among the foreign leaders that attended Saturday V-Day included Slovak Prime Minister Robert Fico, President of Belarus Alexander Lukashenko, President of Laos Thongloun Sisoulith, Malaysia Supreme Leader Sultan Ibrahim, President of Kazakhstan Kassym-Jomart Tokayev and President of Uzbekistan Shavkat Mirziyoyev.

The NY Times (and a lot of other Western media outlets) is reading all of this as a 'loss' and reputational hit for Putin, again given the scaled-down and lower key nature of everything.

Happy Great Victory Day! pic.twitter.com/trYNYEz1K2

— Dmitry Medvedev (@MedvedevRussiaE) May 9, 2026

"President Vladimir V. Putin has cultivated the annual Victory Day parade commemorating the Soviet triumph over Nazi Germany into a cornerstone of Russian patriotic ritual," NYT wrote. "Tanks and nuclear launchers roll across Red Square in a showcase of military prowess and righteous pride that the Kremlin has used to justify the country’s great-power posture toward the West."

But then the report underscores that "Moscow is under a heavy security presence as Ukraine rattles Russia with long-range drone and missile strikes. The Russian authorities have appeared exposed as they acknowledged that the beefed-up security was intended to protect Mr. Putin."

Face-to-face on Red Square! - Putin speaks with DPRK commander after V-Day parade pic.twitter.com/7Ica2VaaRM

— Viory Video (@vioryvideo) May 9, 2026

It further highlighted: "The parade on Saturday included none of the usual muscle-flexing missiles and armor. Personnel from Russian military academies and other servicemen made their way through Russia’s most famous square."