AXIOS (Dan Primack) - AI makes a mess of private equity
It's no secret that AI has become a splitting headache for private equity, or at least for funds that bought big into enterprise software. - But this isn't just a backward-looking problem, which can be temporarily stemmed by Q1 equity markdowns and maturing debt renegotiations. - Almost every industry big that spoke to Axios at the Milken Global Conference this week said that AI has created massive modeling challenges for new deals, almost regardless of sector. Private equity is a long-term asset class, typically holding portfolio companies for a minimum of three or four years. - For context, it's been only three-and-a-half years since ChatGPT was first released. - Subsequent AI advancements — including the introductions of Claude,…
NYTIMES (Erica L. Green) - Trump’s Gyrations on the War Leave Even Rubio Out of Sync
The administration’s latest shifts on the status of the conflict show how treacherous it is to speak for a president who cultivates an erratic style.
THENATIONALPULSE (Pulse Wires) - DOJ Finds UCLA Med School Guilty of Racial Discrimination Against Whites and Asians.
The Department of Justice has determined that UCLA's medical school prioritized racial demographics over merit in its admissions process, violating federal law.
The Department of Justice has determined that UCLA’s medical school prioritized racial demographics over merit in its admissions process, violating federal law . PULSE POINTS WHAT HAPPENED: The Department of Justice (DOJ ) has concluded that the David Geffen School of Medicine at the University of California, Los Angeles (UCLA) engaged in racial discrimination during its admissions process, allegedly favoring black and Hispanic applicants over white and Asian candidates despite federal and state bans on race-based admissions DETAIL: In a findings letter released Tuesday, the DOJ said its yearlong civil rights investigation uncovered communications among UCLA officials discussing ways to preserve diversity goals despite the Supreme…Open
DAILYCALLER (Will Upton) - Judge Releases Alleged Epstein Suicide Note
'No fun — not worth it'
WAR (C. Todd Lopez) - Pentagon Lab Day Demonstrates Best of War Department Research
Dozens of scientists and engineers from around the War Department visited the Pentagon to showcase what the best and brightest minds are creating in the nation's most advanced research labs.
WASHINGTONPOST (Dan Merica, Liz Goodwin) - Susan Collins discloses ‘essential tremor’ diagnosis to explain shaking
The Maine senator who is up for reelection this year described her condition as ‘extremely common’ with ‘absolutely no impact on my ability to do my job.’
WASHINGTONPOST (Mariana Alfaro, Maegan Vazquez) - Lutnick testifies before congressional panel investigating Epstein
The commerce secretary participated in a voluntary interview with the House Oversight Committee to explain his ties to the late financier and convicted sex offender.
JUSTTHENEWS (Kevin Killough) - Federal judge releases Jeffrey Epstein's 2019 suicide note
In the note, Epstein wrote, "They investigated me for month — found nothing!!!" and “It is a treat to be able to choose one’s time to say goodbye.”
NEWSNATIONNOW (Michael Ramsey) - Purported Jeffrey Epstein suicide note unsealed
The handwritten note has been kept from public view for years, sealed as part of a criminal case against Epstein's cellmate in jail in lower Manhattan.