⁠Hidden Value Gems
One way to do business in the modern US. Invest in Trump memecoin to get invited to a dinner with Trump at Trump National Golf Club built by Trump. https://t.co/qPIHOq4ArI
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⁠Quiver Quantitative
BREAKING: Republican Senator Ron Johnson has said that he's currently a NO on the "One Big Beautiful Bill".

Johnson has campaigned on fixing the deficit.

The bill would raise the debt limit by $5T.
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⁠Quiver Quantitative
BREAKING: Representative Thomas Massie is introducing legislation that would require congressional approval for the US to get involved in Iran.

Democratic Senator Tim Kaine introduced a similar bill in the Senate today.

Do you support this?
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⁠The All-In Podcast
🚨Chamath on why the Fed could keep holding off rate cuts: "The only answer is political."

The FOMC's June rate cut decision is happening this week. It is expected they will keep rates unchanged.

The chances of a Summer rate cut are extremely small.

According to Polymarket:

-- June: ~98% chance of "No change"

-- July: ~87% chance of "No change"

Chamath's take:

"Let's just scenario play. What happens if Powell rips in a 100 basis point cut right now?"

"I'll tell you. So one part, which is mathematical, is the interest on the debt goes down. We save $300B."

"But there's something else that happens, which is the Fed does control the front end of the curve."

"Meaning how do people borrow money for small amounts of time from one day to about two years."

"If you make that cheaper, it's a test as true as time, what happens is people borrow more money."

"That fuels more growth. That will end up in GDP."

"So what actually happens if you cut rates 100 basis points is not just the $300B, but you can get this reflexive positivity in the economy."

"What that allows you to do is, even if that causes a little bit more inflation, you're actually growing yourself out of this whole thing."

"If the numerical justification is there to lower rates and it has all of these other positive externalities for the United States economy, why don't (you) do it?"

"The only answer is political."
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⁠Quiver Quantitative
Representative Rashida Tlaib just said:

“There are too many war mongers in Congress. Many profit financially sending our children to wars. Many are drooling at the opportunity to help defense contractors.”
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⁠Quiver Quantitative
JUST IN: Representatives AOC and Ro Khanna have spoken in support of Thomas Massie's proposal to require congressional approval for US involvement in Iran.

It likely requires the support of Speaker Mike Johnson in order to receive a vote.
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⁠App Economy Insights
Forget the 2017 Golden State Warriors.

$META is building its own AI super team.

Why did Zuck spend $14B on a 28-year-old?

Let's break it down 👇
https://t.co/BGN49eQqoJ
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⁠Quiver Quantitative
BREAKING: Eight Democratic Senators have sent a letter to the DNC, asking them to ban super PAC money from Democratic primaries.

The Senators who signed on were:

- Bernie Sanders
- Chris Murphy
- Peter Welch
- Ed Markey
- Elizabeth Warren
- Jeff Merkley
- Chris Van Hollen
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⁠Investing visuals
$PLTR is flirting with new all-time highs. Here’s how they make money 🤑 https://t.co/LzHGFhYmWq
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⁠Quiver Quantitative
JD Vance just said:

"[Trump] may decide he needs to take further action to end Iranian enrichment.

That decision ultimately belongs to the president.

And of course, people are right to be worried about foreign entanglement after the last 25 years of idiotic foreign policy."
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⁠Quiver Quantitative
JUST IN: Representatives Thomas Massie and Ro Khanna have officially introduced a bill to prohibit U.S. involvement in the Israel-Iran war without congressional approval.

It appears that there are 14 cosponsors, including:

- AOC
- Greg Casar
- Ilhan Omar
- Ayanna Pressley
- Lloyd Doggett
- Chuy Garcia
- Val Hoyle
- Pramila Jayapal
- Summer Lee
- Jim McGovern
- Don Beyer
- Delia Ramirez
- Rashida Tlaib
- Nydia Velazquez
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