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Sat, 23 May 2026 18:35:00 +0000 'Impossible To Negotiate With Ukraine' After School Dormitory Strike, Kremlin Informs UN
'Impossible To Negotiate With Ukraine' After School Dormitory Strike, Kremlin Informs UN
The last year of the Ukraine war has been marked by both warring sides remaining far from the negotiating table, instead opting for a battlefie
Read more.....
'Impossible To Negotiate With Ukraine' After School Dormitory Strike, Kremlin Informs UN
The last year of the Ukraine war has been marked by both warring sides remaining far from the negotiating table, instead opting for a battlefield solution, also as a deadly tit-for-tat drone and aerial war continues to unfold. This week things just got even worse concerning the distant prospect of restarting direct peace talks, something underscored by a fresh statement of Russia's Ambassador to the United Nations.
Russia's UN Ambassador Vassily Nebenzia said Friday after a massive Ukrainian drone attack on a college in Starobelsk (Starobilsk) in the Lugansk People's Republic that it's now impossible to negotiate with Kiev .
via BBC Hardtalk
"This clearly confirms the treachery and non-negotiability of Kiev, which, with the encouragement of its Western sponsors, is not only not committed to a peaceful settlement, but also openly sabotages it ," Nebenzia told a meeting of the UN Security Council.
"This deliberate attack on a civilian facility where children study and live, carried out at night when the dormitory was full, was clearly carried out with the aim of maximizing the number of victims," the Russian envoy continued.
The death toll from the Thursday overnight into early Friday hours attack has risen to at least 18 , amid a massive rescue effort which went through Friday. At least 39 were initially reported injured.
Large-scale destruction was observed at the academic building and dormitory of the Starobelsk Professional College, which teaches students aged 14 to 18. Over 80 students were at the complex at the time of the attack .
Additionally, Kremlin spokesman Dmitry Peskov said those responsible needed to be brought to justice, calling it "a monstrous crime" - given the "attack on an educational institution where children and young people ?are present."
The assault also included multiple strikes and drones, ruling out the possibility of an 'accidental' targeting, Amb. Nebenzia continued in his remarks. He further blasted Ukraine's western backers.
"Such strikes using long-range weapons provided to the Kiev regime by NATO countries , including drones, are being carried out with technical assistance being provided by foreign specialists from well-known NATO states," Nebenzia added.
State media also underscored that "He argued that the attack demonstrates that negotiations with the current Ukrainian leadership are impossible."
President Putin had on blasted the mass casualty incident as a "terrorist attack by the neo-Nazi regime" while vowing swift revenge. He has reportedly asked for input from the Defense Ministry, meaning that plans are in motion for a likely imminent, heavy aerial assault on Ukraine.
Tyler Durden
Sat, 05/23/2026 - 14:35 Close
Sat, 23 May 2026 18:00:00 +0000 "Preserve All Records": DOJ Puts Democrat-Run Maryland On Notice In Election Integrity Probe
"Preserve All Records": DOJ Puts Democrat-Run Maryland On Notice In Election Integrity Probe
"Preserve All Records": DOJ Puts Democrat-Run Maryland On Notice In Election Integrity Probe
Submitted by Maryland Freedom Caucus ,
Assistant Attorney General Harmeet Dhillon announced on X last night that she has ordered Maryland’s State Board of Elections to preserve their records concerning the utter debacle of mail-in ballots during the state’s primary election season.
“It's the wrong time to send voters the wrong ballots. This @TheJusticeDept’s @CivilRights will not let Maryland's mail-in ballot mistakes go unnoticed!” said Assistant Attorney General Harmeet Dhillon.
This update comes just one week after SBE was forced to admit that its third-party , out-of-state vendor mailed half a million or more ballots to the wrong primary voters.
President Trump himself called for a federal investigation into this breach of trust with Maryland voters...
... immediately after the Maryland Freedom Caucus had suggested the same :
The Maryland Freedom Caucus has been on the front lines of election integrity since our formation, placing Voter ID, citizen-only voting, and in-person voting at the center of our legislative platform. This past year, our landmark legislation, the Secure the Vote Act of 2026, did not even receive a vote in committee. To date, no other legislative group - Republican or otherwise - has called for the intervention of the Justice Department in oversight of Maryland’s elections.
But Maryland voters need not despair, because together with our grassroots partners, Secure the Vote MD, we have been pushing for reform in the court of public opinion and it is working. With AAG Dhillon’s announcement last night, the oversight of Maryland’s elections we have been calling for since last fall may soon come to pass.
“AAG Harmeet Dhillon is exactly right. Voters receiving the wrong ballots isn’t a harmless mix-up; it is the kind of sloppiness that shatters confidence in our elections at the worst possible time . Mass mailing of ballots has always been a bad idea. It compromises the chain of custody on a large scale, and this isn't the first time Maryland has dropped the ball on issuing ballots,” said Maryland Freedom Caucus Chair, Matt Morgan.
Morgan added, “Thank you for making sure the DOJ Civil Rights Division holds Maryland accountable. Common sense tells us fair elections demand accuracy, not excuses. Integrity first.”
“565,639 Maryland voters were failed by the very system entrusted to protect their vote . We are grateful that Harmeet Dhillon and the Department of Justice are paying attention — because clearly, Maryland’s State Board of Elections is not. SecuretheVoteMD will not stop until every one of those voters be has a guaranteed path to a clean, counted ballot,” said Kate Sullivan, president of SecuretheVoteMD, the state’s citizen watchdog group .
Delegate Lauren Arikan, a founding member of the Maryland Freedom Caucus, thanked President Trump on X last night for following through on his promise to investigate what went wrong with Maryland’s no-excuse mail-in ballots this year:
“The Trump administration is once again walking towards the fire, even in a state that most Republicans would consider a lost cause. President Trump is going to Make Voting Great Again ," Arikan noted.
Tyler Durden
Sat, 05/23/2026 - 14:00 Close
Sat, 23 May 2026 17:25:00 +0000 Nvidia CEO Urges Super Micro To "Enhance Compliance" Amid AI Chip-Smuggling Probe
Nvidia CEO Urges Super Micro To "Enhance Compliance" Amid AI Chip-Smuggling Probe
In a rare public comment that Nvidia is growing more sensitive to downstream risk, CEO Jensen Huang was quoted by Bloomberg News as saying Super Micro
Read more.....
Nvidia CEO Urges Super Micro To "Enhance Compliance" Amid AI Chip-Smuggling Probe
In a rare public comment that Nvidia is growing more sensitive to downstream risk, CEO Jensen Huang was quoted by Bloomberg News as saying Super Micro Computer must strengthen internal compliance controls after Taiwanese authorities detained three people accused of smuggling banned AI chips to China.
"Ultimately, Super Micro has to run its own company ," Huang told reporters on Saturday in response to the chip smuggling scheme. "I hope that they will enhance and improve their regulation compliance and avoid that from happening in the future ."
The U.S.-based server and data-center hardware company primarily builds high-performance servers, storage systems, networking gear, and complete AI/data-center racks for various customers, but most importantly for those working on edge computing and artificial intelligence workloads.
Huang said Nvidia is "rigorously" explaining the complex regulatory environment to all its partners to avert further downstream diversion risk.
Huang's comments stem from federal prosecutors charging the co-founder of Super Micro and two associates with participating in a scheme to divert roughly $2.5 billion in Nvidia AI accelerators to China.
How the Alleged Scheme Worked:
The group used a company in Southeast Asia as a front buyer to place huge orders with a California-based U.S. manufacturer.
Once the servers arrived in Southeast Asia, they were quickly repackaged and secretly shipped to customers in China through a network of brokers.
Related:
Our view is that Huang's comments suggest he is trying to insulate Nvidia from a widening chip-smuggling investigation while preserving access to highly scrutinized international markets.
Tyler Durden
Sat, 05/23/2026 - 13:25 Close
Sat, 23 May 2026 16:50:00 +0000 When Unfairness Is Systemic, The Consequences Are Flight, Resistance, Revolt
When Unfairness Is Systemic, The Consequences Are Flight, Resistance, Revolt
When Unfairness Is Systemic, The Consequences Are Flight, Resistance, Revolt
Authored by Charles Hugh Smith via OfTwoMinds blog,
Now that we've drained the aquifers of a stable society, the replacement form of "wealth" is a delusional credit-asset bubble that generates the illusion of "wealth."
Let's weave together two threads that look different: systemic unfairness and civilizational psychosis . As I often note, social species that organize themselves into hierarchies (i.e. primates, including humans) have an innate sensitivity to fairness, as this trait is essential to maintaining social stability, and therefore it has been selected as advantageous.
This sensitivity applies both to individual instances of unfairness / injustice and to systemic unfairness / injustice. If there is no redress when an individual is treated unfairly or abused, the social order is weakened. This is why early civilizations instituted legal codes and systems of redress as they expanded into nations / empires that needed bureaucracies to organize, manage and enforce the rules and responsibilities of every class.
If the mechanisms of redress have become empty shams, then the unfairness is systemic: it isn't just some individuals who have been treated unfairly--everyone is being exploited and treated differently from what the system claims is the operative set of values and rules.
When there's an external source of wealth to be exploited, the leadership has the luxury of becoming extractive and oppressive, because they have a source of wealth that's external to their own populace. Consider the progression from a society of systemic fairness to a society of systemic unfairness .
Consider a fledgling nation that was a society with high levels of social trust and cohesion generated by a dutiful leadership, social mobility and a system in which social pressures meant members of each social class had to respect the same set of social rules.
This structure is the essential foundation of a functional society and economy , for if the resident populace is immiserated by an unfair system, they respond by either fleeing the system (i.e. opting out or leaving), resisting the unfairness / exploitation or revolting against the status quo.
If the nation transitions into an expansionist empire, the leadership can jettison fairness / redress because it can extract wealth via conquest or exploiting new resources. The bureaucracy is co-opted / bought off via the spoils of conquest and corruption, and as the imperium expands, it has sufficient wealth to buy off the citizenry class with bread and circuses or equivalent largesse.
In other words, systemic unfairness --what we now call a rigged casino --is accepted as long as the key social classes feel they're getting ahead. The Roman state / empire is an example of these dynamics, but there are many others.
As long as there's enough external wealth flowing in to enable people to feel they're still getting ahead, social decay is tolerated as "the cost of progress." In other words, who needs fairness if I have a seat in the rigged casino?
But this structure is inherently unstable, both economically and socially. External sources of wealth / resources are eventually depleted, and the largesse diminishes asymmetrically: the wealthiest few at the top continue amassing fortunes, the bureaucrats are squeezed, and the lower classes are now being taxed to cover the decline of external wealth extraction.
The systemic unfairness that was tolerated is no longer tolerable once the majority are no longer getting ahead. This presents the leadership class reaping the lion's share of the wealth extraction with a problem: how to persuade the masses that 1) they're still getting ahead, even as they visibly lose ground, and 2) how to mask the systemic unfairness, i.e. the rigged casino that stripmines the many to benefit the few.
The leadership's "solution" is civilizational psychosis : the founding mythology of the state--so inspirational and lofty--is heavily promoted, even as this mythology (super-abundance, democracy, etc.) no longer maps the real world.
This widening divide generates civilizational psychosis as the masses are corralled into a state of denial that temporarily eases their anxiety at the recognition they're no longer getting ahead and the ladders of upward mobility have all crumbled.
This state of inspirational delusion enables denial to take a superficially plausible inspirational form: Rome is eternal, so we don't have to do anything but await an automatic return to greatness, AI will make us all rich, technological Progress is inevitable and automatically solves all our problems, and so on.
We fervently believe these delusions because the alternative is too painful to bear. The system is rotten to the core, it's all artifice masquerading as authenticity, and not only are we no longer getting ahead, there are no pathways left to get ahead other than gambling, selling our blood or delusional aspirations to become one of the tiny handful of newly minted Tech Bro millionaires.
There is an emotional progression that parallels the progression from a stable society of dynamic equilibrium to civilizational psychosis : denial breaks down into anger, a volatile state with uncertain outcomes, which eventually transitions to bargaining (please let the stock market go back up so I can exit without losses) which leads to depression (it's all lost) which once processed can move to acceptance (oh well, time to start over).
Both denial and civilizational psychosis are inherently unstable as they're self-liquidating. So denial will blossom into anger whether we "like" it or not.
Now that we've drained the aquifers of a stable society, the replacement form of "wealth" is a catastrophically delusional credit-asset bubble that generates the illusion of "wealth." Since the top 10% managerial / entrepreneurial / professional class the leadership needs to run the empire own 90% of the bubbling assets, inflating a credit-asset bubble is a painless way of generating the illusion in this class that they're still getting ahead.
Until the bubble pops, of course, and all bubbles pop, even when we insist they're not bubbles.
Bubbles masquerading as "wealth" is a manifestation of civilizational psychosis , and so these asset bubbles are equally unstable and self-liquidating : they implode not as a result of some external influence but as an inevitable consequence of their internal structure / nature.
Once the system's transition to a rigged casino becomes undeniable, denial cracks wide open and is replaced by anger. The responses to systemic unfairness are flight, resistance and revolt: dropping out, laying flat, let it rot, opting out, booing toadies worshiping the new gods of AI and eventually, manifestations of revolt as political, economic and social redress are suppressed as needless by a delusional leadership class that has embraced civilizational psychosis .
The price of believing their own PR will be higher than anyone thought possible.
* * *
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Tyler Durden
Sat, 05/23/2026 - 12:50 Close
Sat, 23 May 2026 16:30:00 +0000 No Wonder Men Are Opting Out
No Wonder Men Are Opting Out
No Wonder Men Are Opting Out
Authored by Bettina Arndt via DailySceptic.org,
The warning signs have been there for decades.
Back in 1983, American author Barbara Ehrenreich wrote a powerful book — The Hearts of Men: American Dreams and the Flight from Commitment — arguing that a male revolt was underway. Since the 1950s, she suggested, men had begun rebelling against the breadwinner ethic, inspired by Playboy culture, the counterculture and a desire for personal freedom. They were rejecting the cultural ideology that had shamed them into tying the knot and becoming a good provider, lest they be seen as immature, irresponsible and less than a real man.
Ehrenreich understood that marriage was the mechanism by which society harnessed male productivity. Remove the shame and the yoke comes off.
Forty years on, the yoke has disappeared. In April 2026, the American male labour force participation rate hit its lowest level since records began in the 1940s, according to the US Bureau of Labour Statistics. One in three American men — roughly 33% — were not working or actively looking for work. The overall male participation rate for men aged 16 and over stood at just 67%, down from 73.5% two decades ago and from 87% in the postwar years when Ehrenreich’s story begins.
The trend is not confined to America. Similar declines — though less dramatic than in the United States — have occurred in the UK, Australia and Canada.
The marriage collapse runs in lockstep with the workforce data. According to US Census Bureau data , married-couple households made up 71% of all US households in 1970; today it’s just 47%. As University of Virginia sociologist Brad Wilcox documents in his 2024 book Get Married , the marriage rate has fallen 65% in the last half century.
Ehrenreich had made the argument that marriage and productivity were inseparable — that the same mechanism which got men to the altar got them to work. The data suggest she was right.
What Ehrenreich did not fully reckon with — and could not have foreseen in 1983 — was that the inducements for tying the knot would collapse. The shame mechanism has disappeared, yes. But the incentive has simultaneously imploded. The product on offer has changed beyond recognition. If you want to understand why men are voting with their feet, you need to look not just at what marriage now costs them — and the costs are severe — but at what it delivers. Increasingly, what it delivers is a pretty dud deal.
The modern woman: a prospectus:
They are the most miserable, anxious and insecure cohort in living memory — hardly great marriage material.
Most married women go off sex — and the husband who objects is seen as the problem.
Many women don’t actually like men very much. The more educated she is, the higher the contempt.
They’ve gone full throttle Left — and three quarters of college-educated women won’t even date a man who votes differently.
They’ve rigged the education system and colonised corporate and institutional life, turning universities and workplaces into man-repellent factories.
Yet their hypergamy is still running hot. Despite outnumbering men in education and careers, they still demand a tall, equally high-status unicorn.
The modern female threat-detection system is hyperactive. Almost any male behaviour — silence, opinions, jokes, breathing — gets flagged as a red flag.
They’re extremely well-versed in the lucrative economics of divorce, including a well-timed false allegation to eliminate tedious shared parenting.
What rational man reads this list and thinks: yes, that’s exactly what’s been missing from my life?
To examine more carefully what is going on here, let’s start by looking at the latest addition to this sorry reckoning. I’m referring to the finding published in the New Statesman last month that many young women don’t like men.
A Merlin Strategy poll of young Britons aged 18 to 30 found three times more young women than young men held a negative view of the opposite sex. Only about 50% of women had a positive view of men compared to 72% of men feeling positive about women. For women under 25, it was even starker: only around one-third (35%) reported a positive view of men. This applies particularly to professional and managerial young women of whom just 36% hold a positive view of men, compared with 61% of working-class women.
The contempt for men is hardly surprising – that’s what they have been taught. Mary Harrington, a British journalist and cultural critic who writes on Substack, frequently criticises what she calls the “femosphere” — the online feminist spaces where women bond through shared grievances about men.
“The online feminist scene often feels like one long group therapy session for women to compare notes on how awful men are,” she writes, suggesting this makes men the universal scapegoat, where ordinary male behaviour is routinely framed as toxic or oppressive, while women’s collective resentment is rewarded and amplified. “Casual, low-level male-bashing has become the background hum of progressive online culture.”
Not only does this toxic climate encourage women to be wary of men, but growing up in a hate-fuelled online sewer takes a toll on their mental health.
Psychologist Jonathan Haidt has long been warning that the toxic world of social media would lead to a rise in mental health problems, particularly in girls and young women .
“Since the early 2010s, young people across the developed world are becoming more anxious, depressed and lonely. The increases were even greater in young women,” he said.
Recent large-scale surveys (Ipsos 202-–2026 across 31 countries, Gallup 2025) are showing Gen Z women currently report the highest recorded levels of anxiety, persistent sadness, hopelessness and depression of any female generation at the same age.
Not much fun for their partners. Last year Psychology Today had a stark warning for men about these women as marriage prospects.
The saying ‘happy wife, happy life’ may have some validity, but the lesser-known saying ‘anxious wife, miserable life’ has research-approved validation. … The more neurotic the spouse is, the less happy the relationship — but women’s neuroticism seems to carry more weight in the overall marital happiness equation.
Then there’s the intriguing issue of married women turning off the tap, leaving sex-starved husbands as the norm. For as long as anyone can remember, men were shamed into showing up economically. Society has absolutely nothing to say to women who stop showing up sexually. One obligation was enforced by church, law and community for centuries. The other is now abrogated on the grounds of bodily autonomy.
So here we have the portrait of the modern woman as marriage prospect: miserable, anxious, politically radicalised, contemptuous of men, often sexually rejecting and trained to see menace in ordinary male behaviour. And yet the puzzled chorus from commentators, economists and policymakers continues: why won’t men commit? Why won’t they work?
The approved explanations are dutifully trotted out. The economic story: men have been displaced by automation and globalisation. The health story: opioids, disability, mental illness. The educational story: men are falling behind women in universities and therefore in the job market. The cultural story, favoured by progressive commentators: toxic masculinity is preventing men from adapting to a modern service economy. All of these contain a grain of truth. But they do not account for what is really going on. The obvious explanation — the one staring out of every data table — is intentionally ignored.
Marriage was the primary incentive for sustained male economic effort. It has always been — Ehrenreich knew it in 1983, and the economists have now confirmed it. There’s an economic research paper , ‘The Declining Labour Market Prospects of Less-Educated Men, which establishes that the prospect of forming and providing for a family constitutes a critical male labour supply incentive, and that the decline of stable marriage directly removes it. Researchers at the Federal Reserve Bank of Dallas calculated that declining marriage rates are responsible for roughly half the drop in the hours men work.
Remove the marriage and you remove the responsibility. The data have been telling us this for decades.
But here is what nobody in the mainstream conversation will say: it is not only that marriage has become too costly and too legally treacherous for men — though it has. It’s that many young women themselves have become, to put it plainly, not worth having. Half of young British women don’t trust men. More than half of educated young women view men negatively. They arrive at relationships pre-loaded with grievance, primed by algorithms that have fed them a diet of male failure and female outrage since adolescence. They are, by their own account, anxious, miserable and politically furious.
What rational man, surveying this landscape, concludes that what his life is missing is a legally booby-trapped commitment to a woman primed to be impossible to keep happy?
Ehrenreich feared in 1983 that if the shame mechanism collapsed, male productivity would follow. She was right. What she could not have anticipated was the other half of the equation — that the feminist revolution would produce not a generation of fulfilled, generous, companionable women, but one that is, by every available measure, angrier and unhappier than any before it.
The yoke is off. The men have looked at what’s on offer. And many have, with considerable rationality, decided to go and play video games instead.
As one of Australia’s first sex therapists, Bettina Arndt began her career discussing sex on television and training doctors and other professionals in sexual counselling at a time when such topics were largely taboo. Her current – and even more socially unacceptable – passion is exposing Australia’s unfair treatment of men through the relentless weaponisation of laws and policies that portray women solely as victims. Her decades of advocacy for fair treatment of men in the Family Court included serving on key government inquiries. Bettina makes YouTube videos and blogs on Substack .
Views expressed in this article are opinions of the author and do not necessarily reflect the views of ZeroHedge.
Tyler Durden
Sat, 05/23/2026 - 12:30 Close
Sat, 23 May 2026 16:30:00 +0000 Tulsi Gabbard Resigns As Director Of National Intelligence
Tulsi Gabbard Resigns As Director Of National Intelligence
Tulsi Gabbard is stepping down from her role as Director of National Intelligence (DNI) to support her husband, Abraham, as he battles an extremely rare for
Read more.....
Tulsi Gabbard Resigns As Director Of National Intelligence
Tulsi Gabbard is stepping down from her role as Director of National Intelligence (DNI) to support her husband, Abraham, as he battles an extremely rare form of bone cancer, according to Fox News .
Gabbard informed President Donald Trump of her decision during a meeting in the Oval Office on Friday. Her last day at the Office of the Director of National Intelligence (ODNI) will be June 30, 2026 .
In her formal resignation letter, obtained exclusively by Fox , Gabbard expressed deep gratitude to Trump, writing:
"I am deeply grateful for the trust you placed in me and for the opportunity to lead the Office of the Director of National Intelligence for the last year and a half. Unfortunately, I must submit my resignation, effective June 30, 2026. My husband, Abraham, has recently been diagnosed with an extremely rare form of bone cancer."
She added that her husband "faces major challenges in the coming weeks and months," and that she must step away from public service to be by his side.
"Abraham has been my rock throughout our eleven years of marriage... His strength and love have sustained me through every challenge. I cannot in good conscience ask him to face this fight alone while I continue in this demanding and time-consuming position."
Gabbard noted the significant progress made during her tenure, including major declassification efforts (more than half a million pages), reducing the size of the intelligence community and saving taxpayers over $700 million annually, dismantling DEI programs, and establishing a "Weaponization Working Group" to address government weaponization.
The news comes roughly a week after a controversy involving the CIA reclaiming approximately 40 boxes of sensitive documents - including files related to the JFK assassination and MKUltra - from the ODNI. The incident sparked accusations of a “raid” on Gabbard’s office by some lawmakers, though her team pushed back against that characterization amid her broader push for declassification.
Gabbard was confirmed as DNI in early 2025 and has been a key figure in advancing transparency within the intelligence community.
Tulsi Gabbard out by June 30?
Yes 27% · No 73%View full market & trade on Polymarket This is a developing story.
Tyler Durden
Sat, 05/23/2026 - 12:30 Close
Sat, 23 May 2026 16:30:00 +0000 "Some Progress Made" In Iran Peace Talks, Mediators Claim; Trump Says 'Solid 50/50' On 'Blowing Them To Kingdom Come'
"Some Progress Made" In Iran Peace Talks, Mediators Claim; Trump Says 'Solid 50/50' On 'Blowing Them To Kingdom Come'
"Some Progress Made" In Iran Peace Talks, Mediators Claim; Trump Says 'Solid 50/50' On 'Blowing Them To Kingdom Come'
Summary
Mediators believe they are edging closer to a deal to extend the US ceasefire with Iran by 60 days
Rubio from India: "There’s been some progress made. Even as I speak to you now, there’s some work being done."
Trump says he's a “solid 50/50” whether he would be able to make a “good” deal or else “blow them to kingdom come”.
Waiting game in Tehran , via Iran Foreign Ministry: "We need to wait and see what happens over the next three to four days."
CBS says White House, Pentagon currently preparing for a new potential round of military strikes against Iran within the next three days .
Trump, officials have canceled prior travel plans: Trump says "Circumstances pertaining to Government" are keeping him from attending his son Donald Trump Jr.'s wedding this weekend.
US x Iran permanent peace deal by May 26, 2026?
Yes 8% · No 93%View full market & trade on Polymarket * * *
US and Iran Move Closer to Extending Ceasefire by 60 days, say Mediators
The FT reports that mediators believe they are edging closer to a deal to extend the US ceasefire with Iran by 60 days and lay the framework for discussions on the Islamic republic’s nuclear programme .
People briefed on the high-stakes talks said it would include a gradual reopening of the Strait of Hormuz and a commitment to discuss the diluting or handing over of Iran’s stockpile of highly enriched uranium.
The US would also ease its blockade of Iranian ports and, in phases, agree to sanctions relief and unfreezing Tehran’s assets held overseas.
Donald Trump told Axios on Saturday that he would meet his senior officials to discuss the proposal, but the US president added it was a “solid 50/50” whether he would be able to make a “good” deal or else “blow them to kingdom come”.
He was also expected to hold a call with the leaders of Saudi Arabia, Pakistan, Qatar, the United Arab Emirates, Egypt and Turkey on Saturday, an Arab official said.
Rubio on Deal, Enrichment, & 'Progress'
Secretary of State Rubio speaks from India :
Secretary of State Marco Rubio on Saturday said progress has been made in the ongoing peace negotiations between the U.S. and Iran, saying the war will be solved “one way or the other” amid a visit to India.
“There’s been some progress made. Even as I speak to you now, there’s some work being done,” Rubio told reporters in Delhi. “This issue needs to be solved, as the president said, one way or the other.”
The US top diplomat has issued a lot of words but with little substance in terms of anything 'new' suggesting any level of breakthrough :
Rubio: "There might be some news (on Iran) later today. There may not be. I hope there will be. I am not sure yet. There has been some progress done . Even as I speak to you now there is some work being done. There is a chance that maybe later today, tomorrow, maybe couple of days we may have something to say, but this issue needs to be solved one way or another. Iran can never have a nuclear weapon. The strait needs to be open without tolls. They need to Give their enriched Uranium. We need to address the issue of enrichment. The president’s preference is to deal with it in a diplomatic way. That is what we are working on right now."
Latest Statements from Tehran on Draft Status
Via Bloomberg : Iran's talks with the US are focused on ending the war on all fronts , and neither the nuclear issue nor sanctions are being discussed at this stage, state TV cites Iranian Foreign Ministry Spokesman Esmail Baghaei as saying:
“We need to wait and see what happens over the next three to four days.”
“After the memorandum of understanding is finalized, it will have to be negotiated in later stages.”
“The final draft of an agreement text between Iran and the US is still under review.”
Says 30- and 60-day timeframes have been included in the text.
“In recent days discussions and proposals were raised regarding certain points and wording where differences of opinion still existed. Some of these are still under review and pending final assessment.”
“At this very early stage, the matter of releasing frozen assets must be clarified.”
War Preparation Underway: CBS
CBS is reporting that the Trump administration, specifically the Pentagon - as well as intelligence community officials - are currently preparing for a new potential round of military strikes against Iran within the next three days .
However, like with much of the latest speculation and reporting regarding what comes next in the Iran war, the report included the important caveat that nothing is ultimately confirmed or final: "No final decision on strikes had been reached as of Friday afternoon."
Any new US attack would likely see Israel join in, & Tehran vows it would retaliate. Getty Images
"Some members of the US military and intelligence community canceled their plans for the Memorial Day weekend in anticipation of possible strikes," several sources said .
"Defense and intelligence officials began updating recall rosters for US installations overseas as tranches of troops stationed in the Middle East rotate out of theater , part of an effort to reduce the American military footprint in the region amid concern about possible Iranian retaliation," CBS said.
Trump Sticking Near Oval
Additionally, Trump's own Truth Social post about missing his son's wedding has set off an avalanche of speculation that renewed attacks are imminent.
"Circumstances pertaining to Government" are keeping him from attending his son Donald Trump Jr.'s wedding this weekend, Trump wrote in the post. "I feel it is important for me to remain in Washington, D.C., at the White House during this important period of time. Congratulations to Don and Bettina!" Trump said. The day prior he had been vague in answering reporters' questions on the matter.
"He’d like me to go, but it’s going to be just a small little private affair, and I’m going to try and make it," he had said. A number of pundits noted the ease with which he frequently goes down to Florida to play golf, and that it's strange that he would now miss his son's wedding. However, the wedding is being held out of country, at a small island in the Bahamas , and so this does bring with it extra logistical and security planning and logistics.
As for potential new military action, it's obvious that Trump has been growing increasingly impatient and frustrated about Iran's lack of compromise when it comes to negotiations over several days and weeks.
The White House has made recovery of the country's enriched uranium a top priority, while Tehran has repeatedly slammed the door on this as an option and has not budged. The Iranians aren't even making the nuclear issue part of talks to achieve peace, and have made clear their view this would be for future, post-war negotiations.
More Latest Negotiations Back-and-Forth
US-Iran de-escalation hopes drove crude oil and rates lower and put a bid in equities by the end of Friday's trading day, amid speculation that President Trump would stay at the White House over Memorial Day weekend instead of attending Donald Trump Jr. and Bettina Anderson’s wedding celebrations in the Bahamas.
"As Iran/oil/rates pressure eased on de-escalation hopes, leadership rotated toward small caps, equal weight, housing, transports, discretionary, and selective defensive growth, with short covering in high short-interest/profitless tech and consumer cyclicals reinforcing the catch-up trade," UBS analyst Torsten Sippel wrote in a note to clients late Friday.
Early Saturday morning, Bloomberg reports that President Trump held a phone call with Qatar's Emir Sheikh Tamim bin Hamad Al Thani, regarding Pakistani-led efforts to de-escalate Gulf tensions and preserve the fragile US-Iran ceasefire.
Iran's top negotiator and Parliament Speaker Mohammad Bagher Ghalibaf met Pakistani Army Chief Asim Munir in Tehran earlier today amid ongoing diplomatic efforts to bring the US and Iran to a peace deal, Reuters reported, citing Iranian state media. Ghalibaf told Munir that Iran's Armed Forces "have rebuilt themselves during the cease-fire in such a way that if Trump foolishly restarts the war, they will definitely be more crushing and bitter for the U.S. than on the first day of the war." The Iranian top negotiator also said, "We will not compromise on the rights of our nation and country."
There was a series of headlines from Sky News Arabia, citing sources, indicating that a major push for regional diplomacy was underway earlier today, with officials from Iraq, Oman, Jordan, and Qatar working to mediate with Tehran to avert another flare-up in the conflict. Sky News Arabia sources said Pakistan’s mediator helped break the deadlock over the Iranian nuclear file, though several major issues remain unresolved, including the conflict in Lebanon, sanctions on bank accounts, the status of Iranian ports, and the presence of U.S. military forces in the Gulf area.
Iran is reportedly demanding the lifting of restrictions on its ports and a U.S. military withdrawal from the region before reopening the Strait of Hormuz and entering a new round of talks within 30 days.
There is also a reported internal conflict between Iran’s government and the Revolutionary Guard over Tehran’s negotiating demands.
Latest Headline Round-Up
Latest negotiation headlines (via sources) from Sky News Arabia:
Iranian Foreign Ministry: Iraqi and the Omani Foreign Minister discuss in a phone call the ongoing diplomatic efforts to prevent escalation
The foreign ministers of Jordan and Qatar affirm the necessity of concerted efforts to ensure the success of mediation efforts with Iran to reach a sustainable solution that addresses all the roots of the crisis and prevents the renewal of escalation.
The Foreign Ministers of Jordan and Qatar affirm the continuation of coordination of efforts to support targeted mediation aimed at ending the escalation in the region and restoring security and stability.
Sources to Sky News Arabia: The Pakistani mediator has succeeded in overcoming the deadlock on the Iranian nuclear file.
Sources to Sky News Arabia: The issues that have not yet been resolved include stopping the war in Lebanon and lifting the ban on financial accounts.
Sources to Sky News Arabia: Iran demands the lifting of the siege on Iranian ports and the withdrawal of military forces from the region to open the Strait of Hormuz and proceed to a round of negotiations within a 30-day timeframe.
Sources to Sky News Arabia: There is a severe disagreement between the Iranian government and the Revolutionary Guard regarding Iran's demands for negotiations.
Additional overnight headlines (courtesy of Bloomberg):
Economic Impact
The dollar ended the week nearly unchanged as risk assets got a boost from optimism around US-Iran peace talks [BN]
Germany's business outlook improved for the first time since the Iran war began, with an expectations index rising to 83.8 in May [BN]
UK retail sales fell 1.3% as consumers made fewer car journeys amid the global energy shock from the Iran war [BN]
Qatar Airways will skip bonuses for almost 60,000 workers this year after the war forced cancellation of tens of thousands of flights [BN]
Military Readiness
The US halted arms sales to Taiwan to ensure sufficient munitions for the Iran war, according to Acting Navy Secretary Hung Cao [BN]
Director of National Intelligence Tulsi Gabbard resigned from her post, with her anti-war views having spurred tension with the White House [BN]
Trade Disruption
Japan is set to receive its first Persian Gulf oil shipment to transit the Strait of Hormuz since the war began, with the Idemitsu Maru carrying 2 million barrels of Saudi crude [BN]
Anglo American is redirecting Brazilian iron ore output to Asia as the near-closure of the Strait of Hormuz prevents shipments to Bahrain Steel [BN]
Friday's US-Iran Wrap
Hormuz Chokepoint:
Chart of the Day (read UBS note ):
Fuel Shock Risks Begin Spilling Into Broader Economy
Professional subscribers can review the latest institutional reads on Iran, Hormuz, energy markets, and more at our new Marketdesk.ai portal.
Tyler Durden
Sat, 05/23/2026 - 12:30 Close
Sat, 23 May 2026 16:15:00 +0000 Ukraine Regained Territory After Cutting Russia's Black Market Starlink Terminals
Ukraine Regained Territory After Cutting Russia's Black Market Starlink Terminals
According to a newly declassified U.S. defense intelligence assessment first reported by Bloomberg, Moscow’s frontline command-and-control structures
Read more.....
Ukraine Regained Territory After Cutting Russia's Black Market Starlink Terminals
According to a newly declassified U.S. defense intelligence assessment first reported by Bloomberg, Moscow’s frontline command-and-control structures suffered a catastrophic blackout earlier this year due largely to coordinated crackdown that disabled thousands of black market Russian Starlink terminals .
The Pentagon document highlights just how deeply Russian forces had come to rely on Elon Musk's commercial satellite terminals to patch over their own spotty military communication systems. For months, Russian units bypassed international sanctions via shadow supply networks to source the hardware.
The Friday Bloomberg report claims that a "Ukrainian offensive against Russia earlier this year retook about 400 square kilometers after thousands of portable Starlink internet terminals operated by Russian forces were deactivated ," citing analysis from the US Defense Intelligence Agency.
The document, authored jointly by the DIA and US European Command, states that "Russian military capabilities in Ukraine were temporarily yet significantly degraded following Ukrainian officials’ efforts in February to deactivate thousands of Starlink terminals that were illicitly used by Russian forces to coordinate movements and unmanned aircraft strikes in areas where communications were unreliable or easily jammed."
Ukrainian forces then made their first territorial gains since 2023, after years of steady Russian gains, with Russia military comms now said to be "temporarily yet significantly degraded" due to the loss of the terminals.
The report further describes that Kiev forces working in tandem with SpaceX were able to deploy sweeping geographic restrictions that target-locked and deactivated unauthorized terminals operating inside the combat zone . This resulted in "instant" results.
What also didn't help is the Kremlin's own tightening restrictions on the use of Telegram by Russian forces, and so also the recent lack of this favored encrypted messaging platform among military units left frontline commanders totally isolated.
While US intelligence noted that Russia still maintains an overall structural advantage in raw combat functions, and of course manpower and firepower remains on Moscow's side, the incident demonstrates that communications are still a vital backbone to any modern warfare and command system.
SpaceX has long sought to officially bar Russian consumers from using Starlink , due to long-running sanctions, and to prevent military use against Ukraine.
Tyler Durden
Sat, 05/23/2026 - 12:15 Close
Sat, 23 May 2026 15:40:00 +0000 Highlights From 2nd Batch Of Declassified UFO Files Include A UAP Shootdown
Highlights From 2nd Batch Of Declassified UFO Files Include A UAP Shootdown
The Pentagon’s second batch of declassified UFO files released on May 22 includes videos such as Unidentified Anomalous Phenomena (UAP) being shot d
Read more.....
Highlights From 2nd Batch Of Declassified UFO Files Include A UAP Shootdown
The Pentagon’s second batch of declassified UFO files released on May 22 includes videos such as Unidentified Anomalous Phenomena (UAP) being shot down over the Great Lakes and audio of astronauts witnessing a series of unexplained phenomena.
?Dozens of documents were cleared for release on Friday, adding to the previous document dump on May 8, which revealed that Apollo 11 astronauts reported seeing a “sizable” object near the moon.
?The Epoch Times' Jacki Thrapp offers the following highlights from a partial review of the newly released files.
UAP Shot Down
The U.S. Air Force shot down a balloon-shaped UAP over Lake Huron , one of the Great Lakes located between the United States and Canada, on Feb. 12, 2023.
A U.S. Air Force Air National Guard F-16C shoots down a UAP over Lake Huron on Feb 12, 2023. Department of War
The video, which the War Department said was likely taken by an infrared sensor aboard a U.S. military platform, showed the UAP being struck and “fragmenting in a radial displacement pattern that suggests a high-energy event.”
Fragments fall from the UAP after it was shot. Department of War
The War Department did not reveal what fell from the object.
Officials did not share if any attempts were made to recover the fragments.
The Epoch Times reached out to the Department of War for additional information.
?UAP Formation Caught on Camera
The Department of War released a video showing “four areas of contrast” seemingly making a formation, according to a video apparently filmed by an infrared sensor aboard a U.S. military platform.
A screenshot from a video titled “UAP USO Formation.” USO stands for unidentified submerged object. Department of War
The eight-minute clip, which was edited and digitally altered, showed four objects moving in a parallel direction as they became “increasingly indistinct over time as the video quality degrades.”
Four unexplained objects moving in the same direction in a screenshot from video. Department of War
The War Department did not share the date or location of the unexplained formation.
International Sightings
An infrared sensor spotted a UAP, described as “four areas of contrast,” zoom past what appeared to be ships in the U.S. Central Command area of responsibility in Iran on August 2022.
In a separate incident that year, video captured “multiple spherical UAP” near a submarine in March that were going “in and out of water.”
A UAP, or possibly more than one, appears on the lower left side of a classified video taken in Iran on August 2022. The red circle was added by The Epoch Times to clarify what the Department of War considered to be an unknown anomaly. Department of War
Additional videos showed UAP in Syria in 2021, a “spherical UAP over [Afghanistan] in and out of clouds” in November 2020, and a video that starts in color and shows a bright UAP over the water off the East Coast of the United States.
The latest document dump included a CIA intelligence information report from the Soviet Union that was recorded in the summer of 1973.
The decades-old report revealed that an unnamed source on the Sary Shagan Weapons Testing Range in Kazakhstan witnessed a “sharp, (bright) green circular object or mass in the sky.”
The source, who was identified as a former Soviet citizen, said the “green circle widened and within a brief period of time several green concentric circles formed around the mass.”
The witness did not hear any sounds associated with the phenomenon.
NASA Audio
The second batch of UFO-related files also included several audio clips released by NASA from its Mercury and Apollo missions.
An audio recording from Mercury-Atlas 7 on May 24, 1962, featured pilot Scott Carpenter describing reflective white particles that moved at “random” and appeared to “look exactly like snowflakes.”
He said the phenomena moved faster than his spacecraft.
Additional “little white objects” were also reported months later during the Mercury Atlas 8 mission.
On Oct. 3, 1962, pilot Walter M. “Wally” Schirra Jr. described “little white objects that tend to come from the capsule itself and drift off.”
Minutes later, Schirra reported a burst of light in his window.
“[I’m] getting a real burst of light in the window, and I really don’t know what it is,” Schirra said.
In December 1972 during the Apollo 17 mission, the 11th and final crewed mission in the Apollo program, Cmdr. Gene Cernan, Lunar Module Pilot Harrison Schmitt, and Command Module Pilot Ronald Evans reported “very bright particles or fragments of something” that drifted by outside the spacecraft as they transited to the moon.
Tyler Durden
Sat, 05/23/2026 - 11:40 Close
Sat, 23 May 2026 14:47:00 +0000 Delivery Hero Confirms Uber's Takeover Bid In Push For Global Food-Delivery Empire
Delivery Hero Confirms Uber's Takeover Bid In Push For Global Food-Delivery Empire
Delivery Hero Confirms Uber's Takeover Bid In Push For Global Food-Delivery Empire
Summary:
Delivery Hero Confirms Takeover Bid
Delivery Hero has confirmed that Uber has proposed buying the German food delivery company for 33 euros per share, in line with earlier takeover reports.
Following today’s press publication, Delivery Hero SE confirms that Uber Technologies, Inc. reached out with an indicative proposal of €33 per share in respect of a potential takeover offer to all shareholders of the Company.
Delivery Hero continued:
The Company remains fully focused on executing its strategic review process. Further updates will be provided as required or appropriate.
Recall earlier reports that said Uber built a 19.5% stake in Delivery Hero, plus 5.6% option exposure, as it explored takeover opportunities.
Our previous note outlined that Uber’s move to acquire Delivery Hero was likely aimed at expanding its international footprint.
Uber Builds Large Stake In Germany's Delivery Hero As Takeover Speculation Builds
Uber is exploring a potential takeover of Delivery Hero after building a large stake in the rival German food delivery company, Bloomberg News reports. This follows an earlier report that Uber had built a 19.5% stake.
On Monday, Uber disclosed that it owns 19.5% of Delivery Hero, plus an additional 5.6% through options. The position was built with the help of Morgan Stanley traders, according to people familiar with the matter.
Uber's move to acquire Delivery Hero could be an attempt to expand Uber Eats' global footprint and improve its competitive position against DoorDash outside the US.
Delivery Hero operates in more than 60 countries, giving Uber exposure to markets where it is either underscaled or trailing its competitors.
Map of Operatoins of Delivery Hero Brands
"While Uber's ultimate intentions on further stake-building remain unclear, we view the move as a clear endorsement of the strategic attractiveness of Delivery Hero's asset base for Uber," JPMorgan analysts wrote in a note.
Earlier, Uber said it "currently" has no intention of increasing its stake in Delivery Hero beyond 30%.
Delivery Hero shares in Frankfurt are up nearly 50% this year and have more than doubled from their March lows of around 15 euros. Uber shares were marginally lower in early afternoon trading.
Berenberg analyst Wolfgang Specht wrote in a note that Delivery Hero's investment case has changed following news of Uber's stake. He said it now seems prudent to assign value to scenarios that include a potential takeover.
Tyler Durden
Sat, 05/23/2026 - 10:47 Close