Another very interesting item from my Hoover colleague Andy Hall (Free Systems); a brief excerpt, though you should read the whole thing: Something is shifting in the Democratic party. A string of primary upsets has fed a growing narrative that the party’s base now rewards a more aggressive brand of economic populism, one aimed squarely at billionaires, corporate power, and the political influence that money buys. And a number of sharp observers, including Jasmine Sun [piece here] and Archie Hall [piece here], have been arguing that this energy may come for AI next, a prediction that draws support from David Shor’s polling showing voters souring on the…

Crypto markets fell Wednesday after fresh airstrikes in Iran spurred a risk-off mood among investors. The CoinDesk 20 Index dropped 2.9% since midnight UTC, with all but one token declining.Addressing NATO leaders, U.S. President Donald Trump declared the ceasefire “over” and said negotiating with Iran is a “waste of time,” though talks continue, according to news reports.The U.S. Central Command said it hit more than 60 Islamic Revolutionary Guard Corps small boats to prevent them disrupting international shipping and Iran retaliated with attacks on Kuwait and Bahrain.The Dollar Index (DXY) rose as the reignited tensions are likely to stoke inflation…

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