Nikola Founder Threatens To Sue Bloomberg After Report Of Company Peddling A Hollowed-Out Truck

Nikola Founder Threatens To Sue Bloomberg After Report Of Company Peddling A Hollowed-Out Truck Tyler Durden Thu, 06/18/2020 – 09:03 You’ve heard of a Potemkin village. Now meet your Potemkin semi-truck. That’s exactly what Bloomberg seems to suggest that Nikola founder Trevor Milton was peddling in 2016 with the company’s Nikola One, according to a story that hit the wires late in the trading day Wednesday. Now, Nikola’s founder is threatening to sue Bloomberg for what it calls a deceptive report that “hurts all journalists”.  After making comments at a December 2016 event supposedly suggesting that the company’s Nikola One[…]

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China’s Top Virologist Says Latest Outbreak ‘Under Control’ Despite Study Showing No Herd Immunity: Live Updates

China’s Top Virologist Says Latest Outbreak ‘Under Control’ Despite Study Showing No Herd Immunity: Live Updates Tyler Durden Thu, 06/18/2020 – 08:49 Summary: Global case total tops 8.3 million Deaths top 447,000 Tokyo reports 41 infections World reports record jump in new cases, deaths Beijing top epidemiologist says outbreak in the city has been contained New study shows many infected don’t develop long term antibodies India reports record jump in new cases (12k+) as Fitch cuts outlook Cali reports record 4k jump in new cases Indonesia reports record jump, surpassing Singapore’s case total * * * Update (0925ET): Hedge fund[…]

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Wirecard Shares Plunge 60% As Auditors ‘Unable To Verify’ $2 Billion In Cash On Its Books

Wirecard Shares Plunge 60% As Auditors ‘Unable To Verify’ $2 Billion In Cash On Its Books Tyler Durden Thu, 06/18/2020 – 06:36 Once again, it looks like the bears and the skeptics were right all along. German payments company Wirecard delayed publication of its 2019 annual report, resulting in shares plunging by more than 50% and its bonds due in 2024 dropping 23 cents to around 58 cents on Thursday, as auditors failed to account for more than $2 billion cash balances that the company had previously reported, according to Reuters. After having already delayed the report three times, Wirecard was set[…]

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Oxford Experts: “There Is No Scientific Evidence For COVID Two-Meter-Rule”

Oxford Experts: “There Is No Scientific Evidence For COVID Two-Meter-Rule” Tyler Durden Thu, 06/18/2020 – 05:00 Via 21stCenturyWire.com, While other countries and societies are getting back to life as normal, in Britain, the social distancing folly continues. For whatever reason, UK government officials seem desperate to cling to the crisis, and impose new restrictions every week which are only really effective at one thing: hampering business and trade. Prime Minister Boris Johnson remains confused on the issue, and for some reason can’t seem to fully let go of the sacred “two metre rule”. It’s become a farce of historic proportions. As a[…]

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USAF Paints Fighter Jet Russian Color Scheme To Prepare For Dogfights 

USAF Paints Fighter Jet Russian Color Scheme To Prepare For Dogfights  Tyler Durden Thu, 06/18/2020 – 04:15 A General Dynamics F-16 Fighting Falcon at Hill Air Force Base, located in northern Utah, recently had an exterior makeover paint scheme that mimics the Russian Sukhoi Su-57 stealth fighter, reported Defense Blog. The 576th Aircraft Maintenance Squadron painted the fighter jet a “ghost” paint scheme at the request of the 64th Aggressor Squadron at Nellis Air Force Base, Nevada, that is responsible for holding Red Flag exercises, an aerial combat training drill held several times a year by the Air Force to prepare pilots for aerial combat.  The new paint scheme suggests[…]

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Turbulence Ahead: $2 Trillion In June Op-Ex; Massive $76 Billion In Pension Selling On Deck

Turbulence Ahead: $2 Trillion In June Op-Ex; Massive $76 Billion In Pension Selling On Deck Tyler Durden Thu, 06/18/2020 – 03:55 With market liquidity stubbornly stuck near all time lows (which permits retail investor trades to have such an outsized impact on the broader market)… … the next two weeks promise to be volatile for stocks for two reasons: first, there is a rather massive option expiration set for this Friday (with some caveats), and then for quarter end, we are facing what appears to be one of the biggest pension fund dumps in history. Starting with this Friday’s Op-Ex,[…]

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Spain’s Economic Freedom Improves – But Post-COVID Risks Are Enormous

Spain’s Economic Freedom Improves – But Post-COVID Risks Are Enormous Tyler Durden Thu, 06/18/2020 – 03:30 Authored by Daniel Lacalle and James Roberts via The Heritage Foundation, The Spanish economy is under serious threat. The Sánchez Administration is using the excuse of a serious health crisis to enact policies that undermine investor and business security and restrict personal and economic freedom. Such interventionism will trap the economy by increasing fiscal imbalances—Spain’s historical mistake—and put the country on a destructive track that will erode freedom and result in excessive spending, more debt, and rigidity. The long-term social and economic consequences of these[…]

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Sweden Says Herd Immunity “Surprisingly Slow” To Develop Despite Avoiding Lockdowns

Sweden Says Herd Immunity “Surprisingly Slow” To Develop Despite Avoiding Lockdowns Tyler Durden Thu, 06/18/2020 – 02:45 Despite allowing its economy and schools to remain open during the coronavirus outbreak, Sweden is finding that the incidence of COVID-19 antibodies among its population is still surprisingly uncommon, suggesting that the country hasn’t yet reached the point of “herd immunity”, unlike other European countries which embraced much more drastic measures to stop the spread and the deaths. Speaking to the nation during an interview on a Swedish radio station, Anders Tegnell, Sweden’s government epidemiologist and architect of its coronavirus containment strategy (a[…]

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Floundering NATO Tries To Surface By Confronting China

Floundering NATO Tries To Surface By Confronting China Tyler Durden Thu, 06/18/2020 – 02:00 Authored by Brian Cloughley via The Strategic Culture Foundation, On June 8 Jens Stoltenberg, the Secretary General of the U.S.-NATO military alliance, gave a speech at NATO’s new billion dollar headquarters in Brussels. It was followed by a selection of patsy questions, but in spite of the trite predictability of Stoltenberg’s statements and the eager friendliness of the questioners, enough was said to indicate that NATO is still on the lookout for enemies to attempt to justify its continuing shaky existence. New on the Stoltenberg list is China,[…]

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Turkey Launches ‘Largest Ever’ Air & Ground Assault Into Northern Iraq

Turkey Launches ‘Largest Ever’ Air & Ground Assault Into Northern Iraq Tyler Durden Thu, 06/18/2020 – 01:00 NATO-member Turkey has controversially initiated a major bombing campaign over northern Iraq targeting Kurdish armed groups, specifically the outlawed PKK which Ankara has long said uses Iraqi territory to conduct a cross-border insurgency. The military incursion also involves ground troops. On Tuesday evening the Turkish Defense Ministry announced the start of “Operation Tiger Claw” with the following statement: “In order to neutralize the elements of the ‘Kurdistan Workers Party’ (PKK) and other terrorist elements that threaten the security of our people and our borders,[…]

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