Archive

September 15, 2026

Browsing

New York Democratic Gov. Kathy Hochul is being accused of conducting a “hit job” on free speech on behalf of teachers unions after she signed a law giving the state attorney general the power to fine groups deemed to be engaged in deceptive communications that falsely appear to be authorized by a union.

Hochul signed a law last week prohibiting people and organizations from using deceptive communications that falsely appear to be authorized by a union or union representative. The law, which took immediate effect, allows Democratic Attorney General Letitia James to investigate and sue to stop alleged violations, including those involving out-of-state groups. Courts can impose fines of up to $1,000 per incident.

In response, the Freedom Foundation, a conservative nonprofit that campaigns against public-sector unions, including teachers’ unions, says New York’s new law is a targeted effort to silence its outreach by making its communications vulnerable to government investigations, lawsuits and fines.

CEO Aaron Withe called the law a “hit job.” He said the law “isn’t about protecting anyone,” adding that it instead “exists because government unions in New York are terrified of an inconvenient fact: when public employees learn they don’t have to pay union dues, a lot of them stop. So instead of making their case to their own members, union bosses ran to their friends in the legislature and got them to write a law that makes speech illegal.”

NATION’S LARGEST TEACHERS UNION UNDER FIRE AS CONTROVERSIAL AGENDA PUTS CENTURY-OLD FEDERAL CHARTER AT RISK

Fox News Digital reached out to Hochul’s and James’ offices for comment. Fox News Digital also reached out to the New York State United Teachers, United Federation of Teachers and the AFL-CIO for comment.

The law allows James to investigate alleged violations, issue subpoenas and ask a court to block communications deemed deceptive. Courts can impose fines of up to $1,000 per violation, including against organizations outside New York.

The New York State American Federation of Labor and Congress of Industrial Organizations (NYS AFL-CIO) praised Hochul’s decision to sign the bill, which she signed along with two other pieces of legislation related to labor rights. Mario Cilento, president of NYS AFL-CIO, remarked that the law will be “holding individuals accountable for fraudulently claiming to be union representatives.”

He said the slate of bills signed by Hochul “put workers first.”

In an X post, Hochul similarly framed the bills as prioritizing workers, writing, “Today marks a new day with even more protections, because I’ll never stop fighting for our workers.”

“New York State gave birth to the labor movement. Over the last five years, I have continued that legacy by fiercely supporting the men and women of labor,” wrote Hochul.

TRUMP UNLOADS ON AOC, MAMDANI FOR LAUGHING DURING SACRED 9/11 CEREMONY AT GROUND ZERO

Meanwhile, the Freedom Foundation has mailed and otherwise contacted New York public employees, including teachers, to inform them of their ability to leave their unions and stop paying dues. Nearly 7,500 New York public employees have used Freedom Foundation materials to cancel their union memberships, including more than 1,400 so far this year, according to the group.

In a statement to Fox News Digital, Withe pointed to the 2018 Supreme Court decision in Janus v. AFSCME, which held that public-sector employees, including public school teachers, cannot be forced to pay union fees for collective bargaining or other speech because that speech can involve political issues protected by the First Amendment.

He said that while the New York law “lets Letitia James fine the Freedom Foundation for outreach the state decides ‘impersonates’ a union … all we’re doing is telling public employees what already gives them: the right to leave their union and stop paying dues.”

“This is an anti-speech law aimed at one kind of speaker,” said Withe.

He asserted that the New York law was “copied” from a similar measure in Oregon, which the Freedom Foundation is already challenging in the 9th U.S. Circuit Court of Appeals. He said his organization will “make the same case here.”

Fox News Digital spoke with Ryan Walters, former superintendent of Oklahoma public schools and CEO of Freedom Foundation’s education arm, the Teacher Freedom Alliance. Walters called the New York law an example of “pure censorship and targeting of political opponents by Democrats protecting their union bosses.”

INSIDE TEACHERS’ UNION MAY DAY ‘DRESS REHEARSAL’ CRITICS WARN WILL ‘GROOM’ STUDENTS INTO DEM ‘FOOT SOLDIERS’

“This is such a canary in the coal mine moment where if New York is allowed to do this – an openly socialist mayor, a governor operating as a tyrant doing the behests of the teachers’ unions – it’s going to go on across the country, and our schools will not be able to improve in that kind of environment,” he said, adding, “Where New York goes with this is going to be where the other blue states follow.”

SIGN UP TO GET THE POLITICS NEWSLETTER

He posited that the New York law “shows you how important that power structure is for the Democrat party.”

“They have to control the school system to continue to control the country,” he said. “Despite elections, they still control these education systems at large. That’s why the teachers’ unions are enemy number one of progress in this country and why New York needs to be taken on directly for what they’re doing.”

An Ohio congresswoman is facing major blowback online after suggesting that lynchings are on the rise in the United States, despite that claim being widely debunked last week.

“In the last year, there’s been an alarming increase in Black Americans found dead hanging from trees. We know what that has meant throughout our history,” said Rep. Shontel Brown, D-Ohio, on X. “That’s why I’ve joined [Rep. Ayanna Pressley, D-Mass.] to demand a federal investigation into possible lynchings.”

Fox News Digital reviewed some high-profile cases after Pressley’s letter to the DOJ demanding “thorough, transparent, and comprehensive federal investigation into every hanging death of a Black individual across the United States.” Last week, Pressley and Rep. Alexandria Ocasio-Cortez, D-N.Y., posted about the letter on their X accounts, drawing blowback and widespread debunking of the suggestion that there has been an uptick in lynchings.

GOVERNOR BLAMES ACTIVISTS IN NOLAN WELLS CASE FOR ‘STOKING DIVISION,’ OFFICIAL SAYS FBI PROBING THREATS

Ocasio-Cortez called the incidents “racial terror” and likened them to “widespread modern-day lynchings.”

An investigation into the March death of a 21-year-old man found hanging from a tree in Cobb County, Georgia, concluded that the man was alone at the time, and no foul play is suspected.

Police in Charlotte, North Carolina determined that a 16-year-old found hanging from a tree in May died by suicide. The Miami-Dade Sheriff’s Department in Florida came to the same conclusion in the similar death of a 27-year-old in June. At least three more similar cases were ruled suicides.

If you or someone you know is having thoughts of suicide, please contact the National Suicide Prevention Lifeline at 1-800-273-TALK (8255).

One is still under investigation. The high-profile case of Tasia Fortune, also found hanging from a tree, is being treated as a homicide. A Black male suspect, Jarques Ratliff, has been arrested.

The facts didn’t stop Brown from perpetuating the claim of prolific hangings.

SOCIALIST POLITICIANS ARE ‘MORE RACIST THAN THE KKK,’ SAYS BLACK DEM OFFICIAL URGING VOTERS TO DITCH EL-SAYED

“For generations, trees were used as instruments of terror against Black Americans,” Brown said in a video attached to the post. “Lynching was used to intimidate entire communities, and those deaths almost always went without justice and without accountability. So, when Black Americans are found hanging from trees today, in unfamiliar places and under circumstances that raise serious questions, we cannot look the other way.”

For the post, Brown was widely condemned online.

“Inventing racism. Purposely misleading and pernicious,” said actor Dean Cain of “Superman” fame.

KARMELO ANTHONY VERDICT DRAWS ANTI-WHITE RAGE AND LIES FROM RADICAL DEM CONGRESSWOMAN, ANGRY ACTIVISTS

“No no and no,” said a popular X user with more than 250,000 followers. “I get it, Democrats have spent decades creating racism where none exists, especially right before an election. But nobody is buying this, especially when we know the majority were suicides and oh yeah, the man arrested for the homicide is a black guy. Stop.”

“This is how Democrats stir up racial divide when there isn’t one,” said podcaster Don Keith, adding that Brown was trying to “blame black suicides and homicides on white people now.”

“Apparently it’s 2019 again and Jussie Smollett is walking to a Subway…,” said podcaster Margo Chatting, referencing the actor’s infamous hate crime hoax wherein he claimed he was attacked by White Trump supporters, only for an investigation to find that he faked the attack.

Author Dan Friedman laid into the congresswoman.

“You know these were all suicides, except one domestic violence murder in which the perpetrator was a black man. Some of these people were literally seen hanging themselves on security cameras,” he said.

“You cannot possibly be stupid enough to believe that mobs of white racists are abducting black men at random for no reason, hanging them from trees, disappearing without a trace and that law enforcement officials who are often black are covering it up. So, if you are not stupid, you are lying and being disingenuous. The question is, why?”

Brown’s office did not return Fox News Digital’s request for comment.

Longtime Rep. Al Green, D-Texas, announced on Monday that he intends to force a vote on impeaching President Donald Trump, citing federal immigration officers’ killing of two U.S. citizens earlier this year.

Green, who has publicly protested Trump on multiple occasions, introduced what’s called a privileged resolution on the House floor aimed at booting the president out of office. A privileged resolution is a mechanism that allows any lawmaker to force the entire chamber to consider a bill within two legislative days.

That means House GOP leaders will have to hold a vote on the measure by the end of the day on Wednesday.

TRUMP COULD FACE IMPEACHMENT IF DEMOCRATS SEIZE HOUSE MAJORITY, GOP LEADER WARNS

The vote is all but guaranteed to be a political headache for Democrats who are fighting to take back the House and Senate in the November midterm elections.

House Minority Leader Hakeem Jeffries, D-N.Y., has long demurred on the subject of impeachment, maintaining that Democrats are focused on tackling issues like high living costs that are critical to everyday Americans.

JEFFRIES BRAGS ABOUT DEM OBSTRUCTION AGAINST TRUMP AS HE DEFENDS KUSHNER MEETING

He and 127 other House Democrats voted with Republicans to quash a previous Trump impeachment effort by Green in June 2025.

But the latest effort could be his last public demonstration against Trump after the 79-year-old progressive lost his primary to a younger Democrat calling for generational change.

CONSERVATIVES ERUPT AFTER AL GREEN MELTS DOWN DURING VIRAL CLASH: ‘UNHINGED LUNATIC’

Green was also notably thrown out of both of Trump’s addresses to a joint session of Congress during this term.

During his first address since returning to the White House, Green repeatedly waved his cane at Trump and shouted while the president spoke. At the beginning of Trump’s State of the Union address earlier this year, Green held up a sign that said, “Black People Aren’t Apes.”

Democratic leaders have signaled they are preparing for a flurry of investigations into the Trump administration and the president’s circle if they win the midterms in November.

Green insisted that Democrats did not need to wait for those probes, however, demanding in a letter to House colleagues that a vote on impeaching Trump is held immediately.

“To those who say, ‘Wait until next year’ and ‘Buckle up’ when the investigations start, I say: How many more lives must we lose, and how many more loved ones of victims have to plead for help before the self-evident evidence from videos and President Trump’s own words compel us to act?” Green wrote. “The available overwhelming evidence sufficiently demonstrates that President Trump is unfit and dangerous to our democracy.”

The latest impeachment resolution calls Trump “a great threat to democracy and the Constitution for current high crimes and misdemeanors.”

It cited federal immigration officers’ killing of two American citizens amid a nationwide crackdown on illegal immigration in U.S. cities.

Members of Congress returned to Capitol Hill this week in pure freakout mode.

There are apocalyptic scenarios about AI seizing control of water systems. Subways. Air traffic control. Crashing planes. Firing nuclear weapons. Even sending Prince Harry and Meghan Markle back to the United States.

But seriously, there’s real fear that Congress may be running behind on regulating AI. And there are concerns that AI might be developing at such a rapid clip that it’s too late to harness the technology.

Suspicion about data centers has long percolated among voters.

Then former Anthropic researcher Jacob Coxon declared that AI could extinguish humankind within a decade. This came after a swarm of OpenAI agents independently “escaped” isolation – then leveraged security vulnerabilities to hack the artificial intelligence platform Hugging Face. The AI agents weren’t supposed to be capable of any of that. Researchers say they even used covert methods to communicate with each other via a special language.

AI EXTINCTION WARNINGS DOMINATE HEADLINES AFTER EXANTHROPIC EMPLOYEE’S VIRAL POST

“My phone has been ringing off the hook from a lot of colleagues who really saw the news of the whistleblower as a tipping point,” said Rep. Lori Trahan, D-Mass., who has toiled on bipartisan AI legislation. “Then people hear the words ‘human extinction.’ When they hear loss of control. When they hear ‘catastrophic risk,’ I think (people) are waking up and they’re saying, ‘Where the hell is Congress?’”

“It’s not like we’ve been sitting on our hands here,” said Rep. Jay Obernolte, R-Calif., an AI expert who’s worked on bipartisan AI guardrails with Trahan. “I don’t think it’s fair to say that there’s been a reluctance to act. It’s just that the wheels of progress turn very slowly in Congress.”

Congress, meet AI. AI, meet Congress.

FOX NEWS POLL: VOTERS SEE AI REGULATION AS URGENT, RANK SAFEGUARDS AHEAD OF INNOVATION

Is this like lawmakers trying to make sense of this new-fangled invention called the internet – or “information superhighway” – back in the 1990s?

When it comes to technological innovation, Congress has rarely been ahead of it. AI is no exception.

OpenAI founder Sam Altman has visited Capitol Hill on at least five occasions between 2023 and today. He met with House Speaker Mike Johnson, R-La., and Minority Leader Hakeem Jeffries, D-N.Y., as recently as June.

“This is sort of an important, urgent and in some ways unprecedented moment and I think we really need the government to lead,” Altman said during one trip to Capitol Hill in 2023.

When Democrats were in the majority between 2023 and 2025, Senate Majority Leader Chuck Schumer, D-N.Y., convened regular bipartisan symposia on AI at the Capitol for all senators. He hauled in Altman. Elon Musk. Mark Zuckerberg. Bill Gates. Anyone who could educate lawmakers about AI and what they should do about it.

Schumer hoped that senators would develop their own ideas about how to legislate on AI and have a measure ready. He wasn’t dictating what they should do from his post.

“Our timetable in terms of producing legislation is not years, and not days and weeks. But months,’ said Schumer on July 11, 2023.

“It can’t be days or weeks. But nor should it be years. It will be in the general category of months,” said Schumer on Sept. 13, 2023.

“We’re already sitting down and trying to figure out legislation. It won’t be easy. But I still say months. Not days. Not years,” said Schumer on Nov. 29, 2023.

OBAMA PRIVATELY SOUNDS ALARM ON ‘DANGEROUS’ AI, URGES DEMOCRATS TO PUT ISSUE AT CENTER OF AGENDA

Schumer along with Sens. Mike Rounds, R-S.D., Martin Heinrich, D-N.M., and Todd Young, R-Ind., produced the document “Driving U.S. Innovation In Artificial Intelligence: A Roadmap for Artificial Intelligence Policy in the United States Senate” in May 2024. There was hope the House and Senate might latch some provisions of the package onto a must-pass bill in the fall of 2024. But it went nowhere.

“Chuck Schumer and I see the world with very different lenses. He always wants to have a growth of government approach to everything,” said Johnson in a September 2024, interview with yours truly. “I think the reaction, or the knee-jerk reaction, perhaps, of the Senate would be to just go in and overlay this with red tape. And we’re not going to do that in the House.”

AI KILL SWITCH BILL COULD SHUT DOWN ROGUE MODELS

Now a group of Democrats is imploring Johnson to keep the House in session this fall until it adopts “meaningful AI safeguards.” Rep. Sam Liccardo, D-Calif., says “urgent action” is necessary to impede AI from spiraling out of control.

“We need to do it fast, because otherwise this can be very dangerous,” said Rep. Suhas Subramanyam, D-Va.

Despite the apprehension, it’s far from clear that Congress will move right away. But Obernolte believes these AI incidents could spark action.

“I think that this increases not only visibility, but the sense of urgency in getting a federal regulatory framework passed this year,” said Obernolte.

“I do think it is that dire,” said Rep. Don Beyer, D-Va., who is pursuing a master’s degree in AI at George Mason University.

But truly, what power could lawmakers have over AI?

“Because it’s so new, we don’t actually know what kind of legislation will fix it,” said Beyer. “So I think we’re going to introduce imperfect and pass imperfect legislation, see what it does, and then learn as we go.”

Kind of like AI, learning and developing as it goes.

However, how universal is the congressional “large language model?” And is Congress truly nimble enough to keep pace with AI?

Obernolte says the headstrong AI agents hacked out of their controlled environment because the model “intentionally had its safety controls removed.” This is kind of like testing any new technology just to see what it’s capable of. But the question is whether AI could eventually outwit the developers and evade restrictions?

Obernolte says AI engineers and lawmakers are also up against something else: pop culture and science fiction. “The Matrix.” “War Games.” The Terminator movies.

TRUMP UNLOADS ON TECH TITANS PUSHING FOR SLOWDOWN ON EMERGING INDUSTRY: ‘WHOEVER WINS AI, WINS!’

“You don’t start with something out of a Terminator movie where an army of evil robots rises up to take over the world,” said Obernolte.

At a recent town hall meeting, the California Republican says an elderly woman asked him if AI was so dangerous, why Congress doesn’t just ban it.

“I thought my head was going to explode. And I realized that we’d spent an hour talking about all the bad stuff and we hadn’t talked at all about the good stuff,” said Obernolte.

There’s certainly a perception issue. And if Congress views AI as a threat, lawmakers will legislate in a way to protect constituents against the threat. But lawmakers aren’t ready to tackle this. Despite recent developments, don’t expect anything major until later this year or early next.

After all, lawmakers are focused elsewhere. The midterm elections are approaching. This session of Congress is nearing its conclusion. And just like Arnold Schwarzenegger said in “Terminator 2,” lawmakers are ready to declare “Hasta la vista, baby.”

This post appeared first on https://www.foxnews.com

EXCLUSIVE: Texas Democratic Senate hopeful James Talarico instantly named Alyssa Edwards when asked at a campaign event to identify his favorite drag queen in the state — pointing to someone who has publicly described himself as “a drag performer that works with children.”

Talarico’s past comments on sexuality and gender issues have become a line of attack in the Senate race, including his remark that “God is nonbinary” and his 2023 praise for Texas having “some of the best drag queens in the nation.”

“Mr. Talarico, so nice to meet you… I was there when you defended the drags,” video shows a man telling the Democratic nominee as he approached to take a photo together at the event.

JAMES TALARICO ADMITS PAST COMMENTS ‘MISSED THE MARK’ WHEN CONFRONTED ON CLAIMS LIKE GOD IS ‘NON-BINARY’

“Who’s your favorite drag queen in Texas?” the man asks in the video.

Without a pause, Talarico responds: “Oh, my gosh. Probably Alyssa Edwards.”

The exchange comes after the Washington Free Beacon reported on a 2021 event Talarico headlined called “Taylor PRIDE” in Taylor, Texas, where an 11-year-old boy performed in drag under the name Kween Kee Kee.

In the more recent exchange, Talarico’s instant response naming Edwards referred to Justin Dwayne Lee Johnson, whose stage name is Alyssa Edwards. Johnson has been an outspoken advocate for youth drag shows.

IOWA TEACHERS SUSPENDED OVER VIRAL STUDENT-RUN DRAG SHOW REACH SETTLEMENT BEFORE TRIAL

“I remember being at World Pride in New York a few years back and sharing the stage with my dance students, one of the most powerful moments of my life,” Johnson said in an interview with Out magazine.

SIGN UP TO GET THE POLITICS NEWSLETTER

Johnson’s work with young dancers was also featured in the 2018 Netflix docuseries “Dancing Queen.” The Dallas Observer reported that Johnson called one 10-year-old male student his “mini-me,” and that the child dressed as Alyssa Edwards during an episode of the series.

When asked about the encounter, a spokesperson for Talarico instead appeared to turn the criticism toward the Republican opponent:

“James’ favorite performer is Ken Paxton — who dresses up as attorney general while giving sweetheart deals to child sex predators,” Talarico campaign spokesperson JT Ennis told Fox News Digital.

Wall Street opened on a shaky note Monday as investors grappled with a sudden wave of caution regarding the artificial intelligence boom. Major indices all dipped, with the Nasdaq Composite and S&P 500 leading the decline following unexpected warnings from industry leaders. The mood shifted after Anthropic CEO Dario Amodei called for a deliberate slowdown in AI development to address critical safety risks, a sentiment echoed by other tech figures. Adding to the anxiety, OpenAI CEO Sam Altman suggested that launching an initial public offering this year would be ill advised, sending ripples through the sector.

The reaction was swift among semiconductor giants and AI darlings. Nvidia saw its shares slide 3 percent, while others like Broadcom and AMD faced steeper losses. Some analysts suggest this cooling period might actually benefit the market in the long run by stabilizing capital expenditures and improving free cash flow, but others warn that these anxieties could weigh on corporate profits for weeks to come. Political tension further complicated the landscape as President Donald Trump took to social media to dismiss calls for tighter regulation, arguing instead that strong leadership is the only guardrail necessary for the technology.

Beyond the tech turmoil, energy markets provided another source of volatility as oil prices surged. Crude futures climbed after Saudi Arabia closed a strategic pipeline bypassing the Strait of Hormuz, pushing West Texas Intermediate above 103 dollars per barrel. This spike comes amid escalating conflicts in the Middle East, creating a challenging environment for stocks that have already struggled with rising fuel costs throughout the previous week.

Adding to the pressure is a looming decision from the Federal Reserve during its September policy meeting this week. Treasury yields hit multiyear highs on Monday morning, with the 10 year note touching 5 percent for the first time since late 2023. With traders pricing in a high probability of another rate hike, investors remain on edge, waiting to see if the central bank will tighten further just as seasonal weakness typically begins to set into the broader equity markets.

Financial markets faced a volatile session on Monday as the 10 year U.S. Treasury yield climbed above 5 percent for the first time since 2023. This spike comes amid a perfect storm of geopolitical instability that has sent oil prices soaring and pushed the national average cost of diesel fuel to an all time high of 6.23 dollars per gallon. Investors are increasingly worried that these surging energy costs will ignite a fresh wave of inflation, making it highly likely that the Federal Reserve will raise interest rates during its upcoming Wednesday meeting.

The turmoil centers largely on the Middle East, where Saudi Arabia shuttered a critical pipeline as a precautionary measure following attacks linked to Iran backed Houthi rebels. While U.S. Energy Secretary Chris Wright expressed optimism that the line would restart soon, some regional officials warn repairs could take weeks. Adding to the tension, a crucial diplomatic meeting between Iran and Gulf nations regarding the Strait of Hormuz was postponed, leaving shipping traffic in one of the world’s most vital waterways at a mere fraction of its normal volume.

Beyond the Persian Gulf, conflict in Eastern Europe is tightening the squeeze on global fuel supplies. Former President Donald Trump recently urged Ukrainian President Volodymyr Zelenskyy to cease attacks on Russian oil refineries, arguing that targeting diesel production is creating a worldwide shortage. Analysts note that Moscow responded to these strikes by banning diesel exports, a move that has significantly drained global inventories and contributed to a massive price surge since the beginning of the year.

Economists warn that the record breaking cost of diesel is particularly dangerous because it acts as a hidden tax on nearly every sector of the economy. Since diesel powers everything from farming equipment to long haul trucking and rail transport, experts like KPMG chief economist Diane Swonk suggest that these costs eventually trickle down into the price of groceries and consumer goods. With gasoline already climbing toward four dollars and fifty cents per gallon, American consumers are feeling the immediate impact of a global energy crisis that shows few signs of easing.

Novo Nordisk is entering a new era under the shortened brand name Novo, signaling a sweeping effort to modernize its corporate identity and reclaim ground in the fiercely contested obesity drug market. Speaking with CNBC, CEO Mike Doustdar explained that the rebranding is part of a larger package designed to evolve the company’s internal culture and strategic direction. This pivot comes at a critical time for the Danish pharmaceutical giant, which has seen shares dip roughly 15 percent this year while facing intense pressure from its chief rival, Eli Lilly.

The struggle for dominance in weight loss medications has left Novo trailing significantly behind Lilly, holding about 39 percent of the market compared to Lilly’s dominant 61 percent. While some observers view these changes as a reaction to those losses, Doustdar argues that the shift is actually about adapting to a fundamentally different business landscape. He noted that the explosion of obesity treatments has moved the industry toward a consumer oriented model where patients cycle through therapies much faster than they did in traditional diabetes care. To survive this transition, Doustdar believes Novo must accelerate its decision making and streamline everything from research and development to sales and marketing.

Alongside the name change, the company is introducing a fresh motto, Lasting Health Starts Now, aimed at building deeper trust with patients by emphasizing immediate action toward long term wellness. Internally, Novo is implementing four new guiding principles focused on patient centric innovation, higher performance standards, simplified workflows, and unwavering ethical safety. According to Doustdar, having a clear strategy is not enough; the company requires a corresponding shift in employee behavior and organizational culture to ensure those goals are actually met on the ground.

Despite these headwinds and recent setbacks with experimental drugs, Novo still possesses powerful weapons in its arsenal. The launch of an oral version of Wegovy has been particularly successful, surpassing 3 million prescriptions by June and giving the company a temporary edge over Lilly’s own weight loss pill. Doustdar remains optimistic about this specific segment of the market, claiming their pill maintains a commanding lead because doctors find it more effective for weight reduction. Investors will likely look for further specifics when Novo details its updated business roadmap during its Capital Markets Day event on September 21.

Michael Burry, the investor famous for predicting the 2008 housing market collapse in The Big Short, is dismissing recent alarms raised by artificial intelligence leaders as nothing more than a calculated business move. While CEOs from giants like OpenAI and Anthropic have called for a slowdown in development to avoid potential existential risks to humanity, Burry argues these warnings are self serving. Writing on his Substack and social media, Burry suggests that those at the helm of the industry are attempting to manipulate public perception and protect their own interests rather than save the world.

According to Burry, the narrative that AI poses an extinction level threat serves several strategic purposes for current industry leaders. He believes that fueling hype about the terrifying power of AI actually increases the perceived value of these companies ahead of potential initial public offerings. Furthermore, he contends that pushing for a regulatory slowdown would disproportionately hurt smaller competitors while cementing the dominance of established players. In his view, any official pause in progress might simply provide cover for companies experiencing naturally slowing growth.

At the heart of Burry’s skepticism is a fundamental disagreement over what this technology actually is. He asserts that large language models used by tools like ChatGPT and Claude lack true reasoning capabilities and will never evolve into artificial general intelligence. Because he does not believe we are on a direct path toward a sentient superintelligence, he sees no legitimate reason to curb progress out of fear. To Burry, there is quite simply nothing to be afraid of when it comes to the actual capability of these machines.

This clash of opinions arrives amid significant tension between Silicon Valley and Wall Street. While some researchers warn that AI could potentially kill off humans within a decade, others including President Trump emphasize the necessity of maintaining American leadership over China in the global tech race. Market reactions have been swift, with shares in chipmakers like Nvidia sliding as investors worry about the implications of a slower developmental pace. For Burry, who has spent much of the last year betting against AI infrastructure and criticizing corporate accounting in the sector, this latest drama is just another example of industrial theater.

Oracle is trimming its workforce once again as the software giant pivots its financial resources toward the expensive race for artificial intelligence. Internal documents obtained by Business Insider reveal that affected U.S. employees are being offered a severance package consisting of four weeks of base salary, with an additional week added for every subsequent year of service. While these specific documents didn’t list a ceiling, previous reports indicate that Oracle typically caps such payouts at 26 weeks of pay.

The timing of these cuts coincides with Oracle’s aggressive push into AI infrastructure, a move that has reportedly left the company saddled with billions of dollars in debt. In notifications sent to staff starting this past Monday, the company described the moves as necessary organizational changes based on current business needs. For many workers, the message was abrupt, stating clearly that their final day of employment was effective immediately upon receipt of the email.

When compared to other titans in the technology sector, Oracle’s exit packages appear relatively modest. Industry peers like Salesforce offer more substantial safety nets, providing a higher minimum baseline and three additional weeks of pay per year of service, potentially reaching 30 weeks total. Microsoft has been even more generous during its own recent restructuring efforts this summer, offering some departing employees up to 39 weeks of base pay depending on their tenure and seniority level.

Despite the public scrutiny surrounding these job losses and the disparity in benefits compared to other Big Tech firms, Oracle has remained silent on the matter. The company did not respond to requests for comment regarding the specifics of the layoff notices or why it chose this particular compensation structure while aggressively expanding its cloud and AI capabilities.