Latest Episode
October 30: Binance Reports Suspected Hack as Intel Shares Plunge
In U.S. politics
Vivek Ramaswamy, the Republican nominee for Ohio governor, confirmed Thursday that his campaign has stopped airing an attack ad featuring the estranged mother of his Democratic opponent, Amy Acton, The Guardian reports.
Separately, The New York Times reports that President Trump’s former lawyer, Alina Habba Mildon, secured a contract worth more than $50 million to work for a billionaire Venezuelan family. According to multiple people briefed on the conversations, Trump was angered by the deal’s size and told aides and allies she should donate some of the money to his future presidential library or another Trump-related entity.
In technology
Binance says a suspected hack affected $6.3 billion in cryptocurrency, prompting crypto firms to freeze roughly $3 billion in assets. The exchange temporarily suspended deposits and withdrawals while conducting security checks and working with law enforcement. It has pledged to cover all losses.
Intel shares fell nearly 24 percent after quarterly results showed weakness in its PC business, despite overall revenue rising 21 percent to $16.5 billion. CEO Lip Bu Tan said memory costs and shortages were squeezing PC demand, and predicted the PC chip market would shrink 12 percent next year. Intel is shifting some production capacity toward data center products, but executives warned that supply constraints would limit its ability to meet demand.
At Cornell
New York’s governor says police will investigate sexual misconduct complaints at Cornell. The move follows backlash over the university’s handling of gang rape allegations involving a campus fraternity.
In Oregon
Three people were killed when two helicopters collided near McMinnville Municipal Airport. Those killed included a British student pilot, 22-year-old flight instructor Maddie Aasbo of Texas, and 38-year-old pilot Tyler Sturdevant of Newberg, Oregon. Authorities are withholding the British pilot’s name pending family notification. The National Transportation Safety Board is leading the investigation, according to the FAA.
In Syria
Flash floods have killed five people. Four children drowned, and a man died after his car was caught in floodwaters.
In China
China’s Communist Party expelled a record 33 members at this week’s fifth plenum, a gathering of senior officials. The meeting also had an unprecedented number of empty seats, underscoring the scale of the purges under Xi Jinping.
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