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DOJ Settles Surveillance Abuse Lawsuit With Former Trump Campaign Adviser Carter Page

DOJ Settles Surveillance Abuse Lawsuit With Former Trump Campaign Adviser Carter Page

Authored by Matthew Vadum via The Epoch Times,

The Department of Justice told the U.S. Supreme Court on April 22 that it has settled a lawsuit filed by former Trump campaign adviser Carter Page over alleged surveillance abuses.

Page had served as a foreign policy adviser to President Donald Trump’s 2016 campaign.

He sued several top federal law enforcement officials, alleging his constitutional rights were violated through illegal surveillance carried out under the Foreign Intelligence Surveillance Act as part of an investigation into alleged Russian interference in the 2016 election.

The settlement moots, or makes legally irrelevant, Page’s lawsuit against the federal government, U.S. Solicitor General D. John Sauer said in a new brief filed with the nation’s highest court.

Page had filed a petition with the Supreme Court in December 2025 to appeal a U.S. Court of Appeals for the District of Columbia Circuit ruling that affirmed dismissal of the lawsuit by a lower court.

The appeals court ruled that he had waited too long to initiate his lawsuit.

Page is a longtime contributor to the United States’ national security efforts as an “operational contact” of the Central Intelligence Agency. Despite his years of service, he was a target in the FBI’s investigation known as Operation Crossfire Hurricane that probed suspected Russian influence on Trump’s 2016 campaign. He has denied having any improper ties to Russia and was not charged with wrongdoing, according to the petition.

“Through deliberate lies and incomplete factual assertions, the FBI convinced the Foreign Intelligence Surveillance Court (FISC) that there was probable cause to believe that Dr. Page was an intermediary between Russia and Paul Manafort, the Trump campaign’s chair,” he said in the petition.

The FBI filed for four Foreign Intelligence Surveillance Act warrants to surveil Page and the court granted all four. Before the final renewal application was filed, two members of the operation conspired to leak information from the secret FBI surveillance of Page to the media to damage his public image and the Trump campaign. Anonymously sourced media reports falsely insinuated that Page was an agent of Russia, according to the petition.

Because Page knew he wasn’t a Russian agent, he inferred from the media reports that he had been unlawfully surveilled and shared his belief with Congress and the public, according to his petition. However, foreign intelligence investigations are carried out in secret, so his suspicions could not be verified no matter what steps he took.

In late 2019, the Office of the Inspector General published a report spelling out “the FBI’s repeated and thorough surveillance abuses against Dr. Page,” stating that the first warrant application contained “seven significant inaccuracies and omissions.” The FBI also excluded information exonerating Page from warrant applications, including statements by Page “that were inconsistent with its theory” that “Page was an agent of Russia.” The office also “identified 10 additional significant errors in the renewal applications,” the petition said.

A Justice Department spokesperson commented on the settlement.

“No American should ever face covert and unlawful surveillance based on their political views,” the spokesperson told The Epoch Times.

“The investigation into Carter Page—a man never charged with a single crime—relied on inherently flawed and uncorroborated information, proving it was a political sham from the get-go. The targeting of American citizens for political purposes constitutes a severe violation of civil liberties,” the spokesperson continued.

“This Department of Justice is committed to dismantling the weaponization of government and today’s settlement represents one of many initiatives to provide justice to those abused by rogue actors.”

The Epoch Times reached out for comment to Page’s attorney, Gene Schaerr of Schaerr Jaffe in Washington. No reply was received by publication time.

Tyler Durden
Thu, 04/23/2026 – 21:10

Iran Announces First Hormuz Toll Fees Successfully Transferred To Central Bank

Iran Announces First Hormuz Toll Fees Successfully Transferred To Central Bank

President Trump has repeatedly said that Iran “better not” collect tolls from ships seeking to traverse the Hormuz Strait waterway, as both warring sides have initiated their own rival blockades of different sectors of the strait.

Just last week, Trump had flatly rejected the possibility of Tehran imposing fees – reportedly $2 million or perhaps even more – when a reporter asked about the prospect of restrictions or tolls managed by Iran for strait passage. “Nope. No way. No. Nope,” Trump had responded. He said there can’t be tolls along with restrictions, suggesting that a future system could perhaps be worked out, even of some kind of toll-sharing scheme. “No, they’re not going to be tolls.”

The Central Bank of Iran. Source: Iran International

Earlier this month the president had even stated of tolls, “We’re thinking of doing it as a joint venture” – in reference to Washington and Tehran, which of course raised eyebrows. “It’s a way of securing it — also securing it from lots of other people. It’s a beautiful thing.”

“We’ll be loading up with supplies of all kinds, and just ‘hangin’ around’ in order to make sure that everything goes well,” Trump had later separately written on Truth Social. “I feel confident that it will.”

But after all this, on Thursday Iran has publicly announced for the first time that initial toll payments have been successfully transferred to the state-operated Central Bank of Iran (CBI):

The Iranian authorities have received revenue from tolls for ships crossing the Strait of Hormuz for the first time, Parliament Deputy Speaker Hamid Reza Hajibabai said.

“The first revenue received from tolls in the Strait of Hormuz has been transferred to the Central Bank’s account,” the Fars news agency quoted him as saying.

A specific monetary amount was not given, but this week has seen reports that several Iranian tankers, with transponders off, have made it past the US Navy’s blockade – which the Pentagon has denied. State media says:

IRAN RECEIVED HARD CURRENCY PAYMENT FOR HORMUZ TOLL: FARS

According to Drop Site News:

Iran formally codified the toll system in its “Strait of Hormuz Management Plan,” passed by parliament on March 30-31. The IRGC charges up to $2 million per vessel, with fees running approximately $1 per barrel of crude cargo — meaning a fully loaded supertanker could pay $2 million per transit.

Also, the US side has said that dozens of international vessels have been approved for safe passage and have made it out. The US is halting and intercepting any vessel connected with Iranian ports, whether they be inbound or outbound, and especially if they are under sanction.

Tyler Durden
Thu, 04/23/2026 – 20:45

PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States

PIMCO Privately Lends Over $10 Billion To Dollar-Strapped Gulf States

Just days after the UAE hinted at a growing dollar shortage in the Gulf nation by requesting swap lines with the Fed, Bloomberg reports that as Iran’s struggling neighbors scramble to build cash buffers to deal with any potential economic fallout from the Iran war, one large buyer has stepped in: the world’s largest bond manager, Pacific Investment Management Co.

Since the start of the Iran war, Pimco has lent more than $10 billion to state-backed and government borrowers in the Gulf via so-called private placements. The $2.27 trillion asset manager has been a significant buyer of privately placed bonds issued by the governments of Abu Dhabi, Qatar and Kuwait, as well as by Qatar National Bank. Pimco also participated alongside other investors in several placements that boosted the size of existing Abu Dhabi bonds by a combined $2.5 billion. 

In total, regional borrowers raised $13.8 billion from Feb. 28 to April 23, in privately placed bonds denominated in hard currency, according to data compiled by Bloomberg, with Pimco accounting for a majority of that lending.

Private placements offer trade-offs for issuers rushing to get to market: they can be more expensive than public debt (and thus soffer higher returns for buyers such as Pimco). In return, sellers are able to borrow faster, with more privacy and greater flexibility on deal terms.

The coupon on Qatar’s privately placed bond was 4.8%. That was about 0.3% higher than implied by the yield curve for the country’s public traded bonds, according to Bloomberg calculations. The actual yield for bondholders depends on the price at which they bought it from the issuer, which wasn’t disclosed.

“Not all countries have the option of borrowing at reasonable interest rates at a time of geopolitical uncertainty. It’s notable that the three Gulf nations with the strongest balance sheets are the ones tapping the market,” said Ziad Daoud, chief emerging markets economist at Bloomberg Economics. “And they’re resorting to private borrowing instead of public issuance. The latter probably requires more disclosure and higher transparency.”

To Pimco, which has been invested heavily in emerging market bonds, the Gulf scramble to find buyers for its bonds has been a boon. The Newport Beach-based fund opened an office in Dubai last year, joining a rush of investment companies seeking to deepen their presence in a region flush with sovereign wealth. Pimco said this move built on over 20 years of managing assets for investors in the Middle East.

Pimco intends to hold the bonds over the long term, a Bloomberg source said. Earlier this month, Pimco – which is rapidly emerging as a lender of last resort – bought all of a $400 million bond issued by a Blue Owl Capital, in an important vote of confidence for the private credit specialist.

Gulf bond markets have been among the busiest globally in recent years, with regional borrowers selling about $50 billion of public debt in the first two months of this year. But those markets have effectively shut since the conflict began.

Before a ceasefire between the US and Iran was agreed in early April, Gulf Arab states contended with thousands of missiles and drones over several weeks, intercepting the vast majority. The effective closure of the Strait of Hormuz disrupted energy exports — a key source of government revenue — prompting the International Monetary Fund to cut growth forecasts across the region.

Over the weekend, the WSJ reported that the UAE informally inquired about a currency swap, if the economic and financial impact of the war worsens. The Emirati ambassador to Washington signaled the country had no need for external financing, and Bloomberg Economics’ Daoud described the inquiry as “a call for confidence, not a call for help.”

US Treasury Secretary Scott Bessent said Wednesday that many Persian Gulf allies had requested foreign exchange swap lines with the US, a day after President Donald Trump said an arrangement with the UAE is under consideration.

 

 

Tyler Durden
Thu, 04/23/2026 – 18:15

Air Force Extends Use Of Iran Attack Plane A-10 ‘Warthog’ To 2030

Air Force Extends Use Of Iran Attack Plane A-10 ‘Warthog’ To 2030

Authored by Victoria Friedman via The Epoch Times,

The U.S. Air Force said on April 20 that it would extend the life of the A-10 Thunderbolt II attack aircraft—commonly referred to as the “Warthog”—for another four years beyond its previously stated retirement deadline of 2026.

Air Force Secretary Troy ​Meink wrote on X that following consultation with Secretary of War Pete Hegseth, the Air Force “will EXTEND the A-10 ‘Warthog’ platform to 2030,” adding that this decision “preserves combat power as the Defense Industrial Base works to increase combat aircraft production.”

The A-10 is being deployed in operations in Iran, according to U.S. Central Command (CENTCOM), which said in a March 25 post on X that it had been used to strike Iranian naval vessels during Operation Epic Fury.

Chairman of the Joint Chiefs of Staff Gen. Dan Caine previously revealed at a March 19 Pentagon news conference that the craft was “now in the fight across the southern flank and is hunting and killing fast-attack watercraft in the Strait of Hormuz.”

According to an Air Force fact sheet, the Warthog was the first Air Force aircraft designed specifically to provide air support for ground forces. It can fly near combat areas for extended periods of time, and be used as an attack aircraft against ground targets, “including tanks and other armored vehicles.”

Former F-16 Thunderbird fighter pilot Ryan Bodenheimer, who runs the YouTube channel “Max Afterburner,” described A-10 in a March 15 video as “America’s flying tank.” He said it could be used to take down Shahed drones, as well as some of the fast-attack boats Iran still had in service at the time.

The Warthog is resilient, able to survive hits from armor-piercing and high-explosive projectiles up to 23mm, according to the Air Force.

However, they’re not invulnerable. On April 3, a pilot ejected from an A-10 after it was hit, with Iranian forces taking credit. The pilot parachuted to safety in Kuwait before the Warthog crashed.

Attempts to Retire the A-10

Some in the Air Force said that the A-10, which first flew in 1976, is too old, too slow, and too expensive to maintain, ​prompting calls for its retirement to free up funds to develop modern defense solutions such as hypersonic weapons. But those opposed to the retirement say that cutting the fleet before there is a suitable replacement could leave ground troops without adequate air support.

In 2021, then-President Joe Biden wanted to retire dozens of the aircraft to free up resources for modernization, but  Sen. Mark Kelly (D-Ariz.)—in whose state many of the craft are based—pushed back and secured language in defense legislation that blocked retirements.

Kelly argued that the aircraft should not be taken out of commission until a replacement is available.

That same year, Air Force Lt. Gen. David Nahom told a House of Representatives hearing that if the number of A-10s is not reduced, the Air Force will face a shortage of mechanics for newer planes.

An A-10 Thunderbolt II undergoes pre-flight inspections at Davis-Monthan Air Force Base in Arizona on March 23, 2006. U.S. Air Force photo by Airman 1st Class Jesse Shipps

The Warthog has some enthusiastic defenders outside the Pentagon.

Defense analyst Mike Fredenburg wrote in a March 24 opinion piece in The Epoch Times: “Despite Air Force claims that the A-10 has no place on the modern battlefield, a claim it has been making for decades, the A-10 is once again using its unmatched versatility and loitering capability to destroy fast-attack watercraft, drones, and enemy positions.

“And for the role it is performing in Operation Epic Fury, the Warthog is vastly superior to any F-35, F-15, F-16, or B-2, or even the most advanced drone in the U.S. arsenal.”

Tyler Durden
Thu, 04/23/2026 – 17:50

Texas Instruments Jumps Most Since Dot-Com On Upgraded Outlook; Goldman Sees Analog Recovery

Texas Instruments Jumps Most Since Dot-Com On Upgraded Outlook; Goldman Sees Analog Recovery

Shares of Texas Instruments jumped the most since the Dot-Com bubble era after the chipmaker issued a stronger-than-expected second-quarter forecast, signaling that demand is rebounding across industrial markets and data centers. Goldman analysts told clients the guidance suggests the “analog recovery is continuing.” 

Revenue guidance of $5 billion to $5.4 billion and profit guidance of $1.77 to $2.05 a share both came in well above the Bloomberg Consensus estimate of estimate $4.85 billion, while first-quarter results also beat expectations.

Here’s a snapshot of first-quarter results (courtesy of Bloomberg):

EPS $1.68 vs. $1.28 y/y, estimate $1.38

Revenue $4.83 billion, +19% y/y, estimate $4.53 billion

  • Analog revenue $3.92 billion, +22% y/y, estimate $3.68 billion
  • Embedded processing revenue $723 million, +12% y/y, estimate $683 million
  • Other revenue $178 million, -16% y/y, estimate $168.7 million

Operating profit $1.81 billion, +37% y/y, estimate $1.54 billion

Capital expenditure $676.0 million, -40% y/y, estimate $689.9 millio

Free cash flow $1.40 billion, estimate $1.2 billion

R&D expenses $510 million, -1.4% y/y, estimate $530.7 million

Cash and cash equivalents $3.55 billion, +28% y/y, estimate $3.25 billion

CEO Haviv Ilan told analysts on an earlier call that the resurgence in demand for industrial components was broad-based across all geographies and segments. He added that while the company’s revenue remains below its previous peak, that’s only spurring optimism that upside momentum will continue.

“There is a lot of room to grow,” Ilan said. “I saw it across all sectors in industrial.”

Institutional commentary from Goldman analyst James Schneider had some very positive takeaways from earnings:

Key stock takeaways: We expect the stock to trade higher following a quarter and guidance that came in well above the Street. We believe expectations were somewhat elevated given management’s constructive commentary at recent conferences, and based on our conversations we believe most investors were positioned more constructively ahead of the quarter.

We see the strong recovery in the industrial end market as a particularly encouraging read-across for the sector. Although we continue to see a recovery across the analog sector (including for TI), we believe peers have managed their inventory levels far more proactively — and hence we believe gross margins are likely to recover much faster for peers (along with significant upward earnings revisions) than for TI.

We continue to have a preference for peers (including Microchip, NXP, and Analog Devices) who are likely to see greater upward earnings revisions in the near term, and we retain our relative Sell rating on TXN given the ongoing gross margin headwinds we expect in the coming quarters.

Schneider continued: 

Read-through to our coverage: We expect a positive initial reaction for the analog group, with the most direct read-across for MCHP (Buy) and ADI (Buy) given their relatively high industrial exposures.

He raised Goldman’s 12-month price target to $200 from the previous $175 and maintained a “sell” rating: 

Here’s what other institutional desks are saying:

Barclays (raised to equal-weight from underweight, PT to $250 from $175)

  • Upgrade reflects multiple quarters of growth in the company’s Industrial business

  • While a lot seems baked into the stock, “Industrial exposure is the place to be in Analog today”

BofA Global Research (raised to buy from neutral, PT to $320 from $235)

  • Upgrades rating after solid 1Q earnings on “industrial strength, data center power content, and US-based manufacturing”

  • “Pricing has not been a factor, but could offer incremental good news in 2H which we conservatively model below seasonal trends”

Truist Securities (hold, PT $225)

  • The results show broad-based upside, including “strong cash flow performance” 

  • “Capital allocation was constructive for equity”

  • The outlook is better than expected

Bloomberg Intelligence

  • “Texas Instruments’ 1Q results and 2Q outlook significantly beat consensus, solidifying a robust and broad recovery across its industrial markets, likely aided by new data-center sales”

Evercore ISI (outperform, PT to $316 from $270)

  • The results were better than expected, while the outlook is “above seasonal”

Citi (buy, PT to $280 from $235)

  • The results are strong, while the outlook is “well above seasonal”

Bloomberg Consensus Breakdown:

Traders rewarded Texas Instruments for its upgraded earnings outlook with buying panic mania on Thursday.

Shares in late-afternoon trading were up nearly 20%, the largest intraday move since the 24% gain on October 19, 2000. 

Shares are in bluesky breakout territory:

Professional subscribers can read Goldman’s TI takeaway here at our new Marketdesk.ai portal

Tyler Durden
Thu, 04/23/2026 – 17:25

12 AGs Petition Court To Defend Trump’s Executive Order On Citizenship Verification In Elections

12 AGs Petition Court To Defend Trump’s Executive Order On Citizenship Verification In Elections

Authored by Janice Hisle via The Epoch Times,

Attorneys general from a dozen states on April 20 asked to intervene in two lawsuits that oppose President Donald Trump’s executive order on citizenship verification and other election integrity efforts.

The coalition of attorneys general filed motions in Massachusetts and the District of Columbia, expressing support for the president’s March 31 executive order, titled “Ensuring Citizenship Verification and Integrity in Federal Elections.”

After Trump issued the order, “left-leaning activists and progressive states” immediately challenged it, Missouri Attorney General Catherine Hanaway’s office said in a news release, “claiming it represents a federal intrusion on state authority over elections.”

She characterized Trump’s actions as “common-sense election integrity measures” in a statement and resolved to “defend every lawful step that promotes accurate [voter] rolls, secure absentee processes, and transparent administration.”

The president also issued a broader order in March 2025, titled “Preserving and Protecting the Integrity of American Elections.”

Both election-related orders have spawned numerous courtroom battles.

On April 17, a federal judge in Rhode Island became at least the fifth to rule against the Trump’ administration’s voter-roll-collection attempts. Some states agreed to turn over the requested data, but the Trump administration sued 30 states and the District of Columbia for refusing to do so.

Trump’s 2026 order requires federal agencies to compile a state citizenship list to assist state election officials in confirming which people are U.S. citizens, over 18, and residents of the state—all mandatory to be eligible to vote.

The order also instructs the U.S. Postal Service to improve security of mail-in ballots, using means such as barcodes that allow tracking of official election mail.

“Missouri and the other states are fighting for access to these resources and to work alongside the federal government in guarding the integrity of American elections,” Hanaway wrote.

Attorneys general who joined Hanaway’s coalition hail from Alabama, Florida, Indiana, Kansas, Louisiana, Montana, Nebraska, Oklahoma, South Carolina, South Dakota, and Texas.

Commerce Secretary Howard Lutnick (L) and President Donald Trump before signing an executive order on election integrity in the Oval Office on March 31, 2026. Brendan Smialowski/AFP via Getty Images

The Washington lawsuit against Trump, filed on April 1 by the Democratic Senatorial Campaign Committee and other Democrats, frames Trump’s order as another attempt to “rewrite election rules for his own perceived partisan advantage.”

The lawsuit also calls provisions of Trump’s order “convoluted and confusing,” adding, “What is clear is that it dramatically restricts the ability of Americans to vote by mail, impinging on traditional state authority.”

In a separate action filed in the District of Columbia court on April 21, a grassroots organization, Common Cause, is asking a judge to stop what it calls “an illegal and unprecedented quest to stockpile millions of Americans’ confidential voter data.”

Common Cause requested the court to “hold unlawful, stay, vacate, and set aside” the national Voter Registration Nationalization Policy and to prohibit the Justice Department from “unlawful disclosure and use” of voter data.

The Massachusetts lawsuit, filed April 2, alleges that Trump’s order “violates the constitutional separation of powers because the president doesn’t have authority to set election rules. Only the states and Congress may do so,” a news release from the Brennan Center for Justice says.

The Brennan Center’s attorneys worked with lawyers from other groups to file the federal complaint on behalf of the lead plaintiff, the League of Women Voters of Massachusetts, and additional organizations.

Tyler Durden
Thu, 04/23/2026 – 17:00

Intel Shares Soar On Strong AI-Fueled Outlook, Surpassing August 2000 Peak

Intel Shares Soar On Strong AI-Fueled Outlook, Surpassing August 2000 Peak

Chipmaker Intel, which less than a year ago was trading like a distressed company, and required a capital infusion from the US government, and earlier today hit a 90x forward PE…

… soared after hours after giving a strong sales forecast for the current period, signaling that the recently struggling chipmaker is finally beginning to benefit from the giant build-out of artificial intelligence infrastructure. But before we get there, here is a quick look at what the company reported for the first quarter: 

  • Adjusted EPS 29c vs. 13c y/y, beating estimate 1.0c
     
  • Revenue $13.58 billion, +7.2% y/y, beating estimates of $12.36 billion
    • Intel Products revenue $12.78 billion, +8.7% y/y, beating estimate $11.53 billion
    • Client Computing revenue $7.73 billion, +1.3% y/y, beating estimate $7.1 billion
    • Datacenter & AI revenue $5.05 billion, +22% y/y, beating estimate $4.41 billion
    • Intel Foundry revenue $5.42 billion, +16% y/y, beating estimate $4.81 billion
    • All Other revenue $628 million, -33% y/y, beating estimate $605.3 million
    • Intersegment eliminations revenue -$5.25 billion, -12% y/y
       
  • R&D expenses $3.38 billion, -7.3% y/y, beating estimate $3.18 billion
  • Adjusted gross margin 41% vs. 39.2% y/y, beating estimates of 34.5%
  • Adjusted operating income $1.67 billion vs. $690 million y/y, beating estimate $386.2 million
  • Adjusted operating margin 12.3% vs. 5.4% y/y, beating estimate 3.08%

The Intel Foundry Services division – the company’s factory unit – generated revenue of $5.4 billion, up 16%. That unit currently relies almost exclusively on Intel product divisions for orders, though it is seeking outside customers. Its PC chip division had revenue of $7.7 billion, and the data center unit posted sales of $5.1 billion. All of those totals topped Wall Street estimates.  Gross margin was 41% on an adjusted basis. When Intel was at the height of its powers, it regularly reported margins north of 60%. It predicted a margin of 39% in the current period.

Commenting on the results, CFO David Zinsner said that “we remain focused on maximizing our factory network to improve available supply and meet our customers’ needs throughout the year.“

CEO Lip-Bu Tan chimed in: “The next wave of AI will bring intelligence closer to the end user, moving from foundational models to inference to agentic. This shift is significantly increasing the need for Intel’s CPUs and wafer and advanced packaging offerings.” 

While Q1 results were solid, especially at the data center level, it was the Q2 forecast that caught the market’s attention: 

  • Revenue will be $13.8 billion to $14.8 billion in the quarter ending in June, beating estimates of $13 billion.
  • Adjusted EPS will be about 20 cents a share, also beating estimates of 9 cents.
  • Margin is projected to rise to 39.0%, 

The upbeat outlook suggests that CEO Lip-Bu Tan is making progress on a challenging comeback plan. After lining up major investments in Intel last year which helped to strengthen the company’s balance sheet – Thursday’s results suggest he’s now delivering on a promise to improve its operations. 

The earnings report shows that the need for data center chips to power the massive AI expansion is lifting demand for Intel’s flagship Xeon server processors. That type of generalist semiconductor is a renewed focus for companies trying to turn their AI software into services that bring in revenue.

In an interview with Bloomberg, Tan said Intel delivered a “solid result” that was ahead of its projections. He expects the strong demand for processors used in AI systems to expand and said the company is “laser-focused” on increasing output from Intel’s factories, which still can’t produce enough to fill all its orders. 

“There is huge demand,” Tan said. “We are working very hard with our team to make sure we deliver, that we meet that demand but we are still short because the demand keeps increasing from the customers.

And, as Bloomberg notes, for now Intel has also been able to navigate another challenge the PC industry is facing: memory-chip shortages.

To be sure, the company has a long way to go to restore its former chip-industry glory. Its annual revenue of $53 billion last year was roughly $25 billion shy of the company’s peak revenue, achieved in 2021, when the stock was far lower. Wall Street projects 3% growth in 2026.

Red-hot demand for server products has lured memory suppliers into concentrating on the high-speed processors for those machines. That’s cut into production of standard products used in phones and personal computers, meaning fewer of those mass-market devices are being built and the prices are going up.

In addition to making progress on production, Tan has restored Intel’s balance sheet via outside investments – to the point where the company bought back part of a factory in Ireland that it had been forced to sell to raise cash. That purchase was seen as a sign of future confidence by investors. Adding to the optimism, Tesla CEO Elon Musk said Wednesday that he will use Intel technology as part of his effort to build an in-house chip manufacturing plant. Tan declined to provide further details on the relationship.

Finally, Intel said it would spend more than originally budgeted on capex, according to CFO Dave Zinsner. The company has plenty of factory space and will add more machines to fill it out, he said. Capital expenditures will now be about flat from where they were last year. Intel had earlier said it planned to reduce its outlay. 

In response to the strong earnings and guidance, Intel shares rose 14% in extended trading. The stock had gained 81% this year before the results were released, closing at $66.78. This has now pushed the company’s fwd PE well above 100x.

With the 14% surge after hours, Intel stock has finally surpassed its dot com bubble high of $74.88 hit in August of 2000.

As Shay Boloor writes, “all it took was a CPU shortage, AI agents, SpaceX + TSLA terafabs and a bit of help from the U.S. government + NVDA.” 

Tyler Durden
Thu, 04/23/2026 – 16:46

Israel Waiting For US Greenlight To Renew Iran War: New ‘Targets Marked’, Says Katz

Israel Waiting For US Greenlight To Renew Iran War: New ‘Targets Marked’, Says Katz

It should come as no surprise that the Netanyahu government is not happy with this current lull in the Iran war, as Trump’s initially declared 3-5 day ceasefire extension has become more of an indefinite truce, with the Hormuz Strait blockade still on.

Israel is now preparing for the possibility of a return to fighting, the country’s media is on Thursday reporting. Israel’s leadership has consistently stated that it wants to see regime change or else total government and societal collapse, saying that only then would Iran never more be a ‘threat to Israel.

Fresh remarks by Israeli Defense Minister Israel Katz have made clear that “Israel is prepared to renew the war against Iran. The IDF is prepared for both defense and offense, and the targets are marked.”

But tellingly, he admitted a big obstacle stands in the way before the go ahead for a renewed bombing campaign can be given.

“We are waiting for the green light from the U.S., first and foremost, to complete the elimination of the Khamenei dynasty and to return Iran to the dark and stone ages by destroying Iran’s major energy and power facilities,” Katz said.

“This time, our strikes will be different and more deadly, and will deliver further devastating blows to the most painful places, which will shake and collapse the regime’s foundations,” he added.

Currently, the only place where Israeli forces are still actively engaged in combat related to the Iran conflict is in Lebanon. Technically a 10-day ceasefire, which is hanging by a thread, is still on. 

But there has been ongoing fighting and shelling targeting Hezbollah in the south, and the last days have seen it grow more intense, per local reports.

Meanwhile Prime Minister Netanyahu is expected to chair security consultations on Thursday evening, against backdrop of growing difficulties in the US-Iran talks, which appear to have been effectively frozen for the time being.

Israel says it is “prepared for any scenario” and is without doubt intensifying its intelligence-gathering and military preparedness, which includes the urgent restocking of its dwindled interceptor and missile arsenal.

Al Arabiya, citing Israel Channel 13 is reporting that there’s general anticipation in Israel that the war could resume “by the end of the week.”

Tyler Durden
Thu, 04/23/2026 – 16:40

Euthanasia Is Now 6% Of All Deaths In The Netherlands

Euthanasia Is Now 6% Of All Deaths In The Netherlands

Via Remix News,

Euthanasia is now responsible for 6 percent of all deaths in the Netherlands, and this figure is increasing every year.

According to a report by the regional euthanasia review committee (RTE), cited by the news portal Hirado, 10,341 people died by euthanasia in 2025, and while three-quarters of the applicants were over 70 years old, one case involved someone between the age of 12 and 18.

The number of those choosing to die by euthanasia due to mental illnesses decreased by almost a fifth (174 cases), but more than 85 percent suffered from physical diseases such as cancer, nervous system disorders, and lung or cardiovascular diseases.

There were 499 cases of euthanasia performed on patients with dementia, and the RTE investigated 11 cases where the patient was no longer competent. In addition, 475 cases involved the co-existence of multiple age-related illnesses, and 278 cases involved “other reasons.”

Pro-life advocates have argued that these “other reasons” often include selfish human interests, such as family members pressuring or emotionally manipulating an older relative to go through with euthanasia in order to obtain inheritance faster. In these cases, euthanasia is often carried out even when, according to supporters, it could not be justified.

Another seven cases involved doctors who did not fully comply with the required standards of care, and these are under investigation.

Just recently in Spain, a 25-year-old woman, Noelia Castillo Ramos, ended her life, despite her parents waging a two-year legal battle, fighting until the last minute for their daughter’s life. Although a ruling by the Constitutional Court in Madrid states that euthanasia cannot be used in cases where the source of suffering is mental illness, since “the state has the duty to protect these individuals from the risk of suicide,” Castillo Ramos was nevertheless was allowed to go through with euthanasia.

According to the Christian Lawyers organization, which represented the woman’s parents at various levels during the legal battle, “this case highlights the failure of the euthanasia law, since it facilitates suicide without the individual having received prior mental health treatment,” meaning that they would have had a chance to recover and live a full and happy life.

Spain’s Catholic bishops warned that “euthanasia and assisted suicide are not medical acts, but deliberate interruptions of the bond of care, and represent a social defeat when presented as a response to human suffering.”

In Castillo’s specific case, they added, “we are not dealing with a fatal illness, but with deep wounds that cry out for attention, treatment and hope.” Their call was also significant because it could help prevent further cases that lead to the taking of innocent lives.

The Spanish bishops also reminded society that “the dignity of the human person does not depend on their state of health, their subjective perception of life or their degree of autonomy,” but rather “is an intrinsic value that must be recognized, protected and helped in all circumstances.” For this reason, the response to human suffering “can never be to cause death, but rather to offer closeness, accompaniment, appropriate care and comprehensive support.”

“When life hurts, the answer is not to shorten the path, but to walk it together. Only in this way can we build a truly just society, where no one feels alone or excluded,” they concluded.

A group of Dutch experts in the field of child psychiatry recently called attention to the need to be particularly careful when it comes to cases of young people under the age of 25 requesting euthanasia due to psychological suffering. Their research suggests that the decision-making abilities of members of this age group can be influenced by brain development and a number of external influences.

According to the professors cited, the condition of those under the age of 25 is less likely to be considered permanent than that of those older than them. In addition, they are more exposed to social pressure and online influences, which can cause significant damage and lead them to make a compulsive and short-sighted decision.

Read more here…

Tyler Durden
Thu, 04/23/2026 – 16:20

“Gone In 60 Seconds”: Feds Uncover DC-Area International Car Theft Ring

“Gone In 60 Seconds”: Feds Uncover DC-Area International Car Theft Ring

Authored by Jill McLaughlin via The Epoch Times,

Federal authorities in the Washington area have uncovered an alleged international vehicle theft ring involving six people suspected of stealing cars and shipping them to Africa, where they are sold for top dollar.

Six people were charged on April 22 in connection with their roles in the alleged scheme.

A 15-count federal indictment was unsealed in U.S. District Court for the District of Columbia, charging the defendants with conspiracy to steal at least 20 vehicles in the Washington metropolitan area and Pennsylvania.

The cars are transported over state lines and sold to buyers in the United States and the African nation of Ghana, according to the U.S. Attorney’s Office in Washington.

The indictment follows a year-long investigation into an alleged auto-theft ring in the District of Columbia area that involved vehicles stolen using electronic devices that allowed thieves to reprogram cars to accept blank key fobs, prosecutors said.

“They don’t need keys, and they don’t need hot wiring—no smashed windows, no drama—just a sleek electronic device called an ‘Autel’ and under a minute the car’s brain is rewritten,” U.S. Attorney Jeanine Pirro said during a press conference on April 22.

“The car is gone in 60 seconds.”

An Autel device can be used to erase a vehicle’s records and reprogram its keys. Law enforcement is continuing to investigate the case, Pirro said.

The auto theft ring could involve more than 100 vehicles in the District of Columbia and more than 30 vehicles in Prince George’s County, Maryland.

Police officers working on the case executed a search warrant on April 21 at an automobile storage facility in Decatur, Georgia, locating several of the missing vehicles, prosecutors said.

The suspects are Jacob Hernandez, 29, of Los Angeles; Dustin Wetzel, 23, of Woodbridge, Virginia; James Young, 23, of Hyattsville, Maryland; Khobe David, 24, of Upper Marlboro, Maryland; and Chance Clark, 25, of Waldorf, Maryland.

Another defendant remains at large and is considered a fugitive. Prosecutors did not release the name of that defendant, whose indictment remained sealed.

According to the indictment, the stolen vehicles—mostly newer Honda Civics and CRVs, and Acura TLXs and RDXs—were first taken to be “cooled off” in storage locations in southeast Washington. Theeves allegedly disguised the cars by swapping license plates and obscuring the vehicle identification numbers (VINs), according to prosecutors.

Before shipping the stolen cars, the conspirators allegedly disabled the GPS and Bluetooth systems to deter detection.

A car transporter in Maryland was loaded with several of the recovered vehicles from an alleged international auto-theft ring that federal authorities say was connected to six people in the Washington metropolitan area. U.S. DOJ

“This isn’t joyriding,” Pirro said. “These are high-end vehicles loaded on transport carriers headed to ports in Savannah [Georgia] and Baltimore, Maryland.”

The stolen cars were then loaded onto shipping containers labeled as furniture to avoid more scrutiny and sent to Africa, where they were able to get “top dollar,” Pirro said.

Tyler Durden
Thu, 04/23/2026 – 15:20