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Stockpiling Begins: Neros Awarded $100 Million Pentagon Contract For Kamikaze Drones

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Stockpiling Begins: Neros Awarded $100 Million Pentagon Contract For Kamikaze Drones

US defense company Neros Technologies, which focuses on Category 1 one-way attack drones, was awarded a $100 million contract under the Department of War’s Drone Dominance Program for 14,000 drones and explosive payloads.

The award, under the Drone Dominance Program’s Gauntlet II, prioritizes Archer AI, the Category 1 FPV attack drone. Its automated kill chain lets the FPV fly to an operator-selected target, a huge advantage in battle zones where electronic warfare jammers, such as those targeting radio frequencies and GPS signals, dominate.

Neros CEO Soren Monroe-Anderson stated:

“We’ve developed our Archer FPV system to be highly modular and easily adapted to end user needs. Pairing real warfighter feedback with our deep engineering talent is the reason Neros is the only manufacturer to have placed in the top three across two fundamentally different mission sets, deep strike and close quarters battle, with the same drone platform.

Ultimately, Drone Dominance is a test of two things: can competitors build high-performance drones? And can they produce them in massive quantities with short notice? We’re the only manufacturer to receive multiple bonus awards for Gauntlet I based on our delivery speed. We’re ready to fulfill this next batch of 14,000 drones, and more whenever the Department of War signals need for them.”

The announcement comes after Defense Secretary Pete Hegseth revealed that Autonomous Warfare Command, dubbed “AutoWarCom,” will become operational in the fall of next year and will accelerate the DoW’s purchases across all drone categories. 

What matters here is that the massive rearmament supercycle is set to kick off, if it hasn’t already. It will provide massive tailwinds for drone companies as the military begins stockpiling all categories of drones and counter-UAS technology while fortifying military installations around the world.

Tyler Durden
Sat, 10/03/2026 – 19:15

Siberian Plague-Lab Death Draws FSB Escort For Ambulances

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Siberian Plague-Lab Death Draws FSB Escort For Ambulances

A possible plague case in Siberia has triggered a major containment effort after the death of a 28-year-old employee of an anti-plague laboratory. A hospital wing is under quarantine, nearly 200 people are reportedly under observation, and Russia’s chief sanitary official has flown in. Local outlets say FSB units have been escorting ambulances carrying the woman’s contacts for examination.

The authorities are clearly taking the threat seriously – but getting a straight answer out of the feds is another matter. Irkutsk Governor Igor Kobzev is still calling it a “particularly dangerous infection,” while assuring residents that every identified contact is symptom-free and testing negative.

The dead lab worker has been identified as Daria Shipilova, a laboratory assistant at the Irkutsk Anti-Plague Research Institute of Siberia and the Far East, according to Lyudi Baikala and REN TV. She was admitted to hospital in Shelekhov with severe pneumonia, placed on a ventilator, and died. Reports differ slightly on the timeline: The Moscow Times gives a September 29 admission and a Thursday death (48 hours), while Lyudi Baikala says she spent three days in hospital. 

According to The Moscow Times, Shipilova told medical staff she had accidentally broken a tube containing live bacteria while collecting samples. Lyudi Baikala, citing journalist Pavel Stepanov and the Telegram channel Mash, placed the alleged accident on September 25 and linked it to plague bacteria. Those reports describe the illness as pneumonic plague, although neither that diagnosis nor the laboratory accident has been publicly confirmed by investigators. IRK.ru reported that doctors initially suspected severe COVID and sent her to the hospital’s COVID center.

By the evening of October 1, security and administrative officials were meeting in Irkutsk. Lyudi Baikala, citing a source close to law enforcement, reported that FSB units began accompanying ambulances transporting Shipilova’s contacts for examination that day. The Insider carried the same account, while residents reported seeing people in protective suits on the streets. The FSB has not confirmed the escorts.

Shelekhov district head Maxim Modin confirmed that the hospital’s inpatient department was under quarantine; the outpatient clinic remained open. Kobzev said the sanitary-epidemiological commission had convened on October 2 over a suspected “particularly dangerous infection.” Anna Popova, who heads Rospotrebnadzor, the federal agency that runs Russia’s disease surveillance and owns the anti-plague institutes, traveled to attend. The governor told TASS it was premature to identify the disease and made no mention of a death. Irkutsk also postponed a city cleanup day scheduled for October 3.

The reported contact numbers suggest how widely authorities are casting the net. REN TV and Izvestia put the total at roughly 197, with 189 hospitalized for observation: 114 in one facility, 63 in another, and 12 at the anti-plague institute. Eight remained outside hospital, and some accounts said the list was still growing. No secondary infection has been confirmed. Kobzev’s October 2 statement said the contacts had no symptoms and negative tests, although some media reports claimed several people under observation had developed symptoms.

First Official Use Of ‘Plague’ 

The leader of Buryatia (the next region over from the lab), Alexey Tsydenov, wrote that the woman who died of plague in Irkutsk region had not visited his republic. Citing Rospotrebnadzor and his government, he also said Buryatia had no plague foci, including along the Mongolian border. But even that acknowledgment became less definite: Meduza reported that he later edited the post to say she “may have died of plague.” He did not identify the pneumonic form.

Meanwhile, competing accounts sent Shipilova to Thailand or Buryatia before she fell ill. Tsydenov denied the Buryatia visit. Gennady Onishchenko, who ran Rospotrebnadzor until 2013, questioned whether plague was involved at all, pointing to dormant rodents and fleas and snow already falling in Buryatia. That argument addresses a possible wildlife exposure; it does not resolve the allegation that she broke a tube of bacteria at work.

Izvestia and the Telegram channel Ostorozhno Novosti both report that investigators have opened a criminal case under Article 236, which covers sanitary violations that cause death by negligence. Nobody has confirmed it on the record. That charge only makes sense if somebody broke a rule at work.

By Saturday, some of the public information was disappearing. Baikalsk’s administration posted a notice urging residents to limit travel to Shelekhov and nearby settlements, citing “unofficial information” about a plague case. Roughly two hours later, the notice was gone. REN TV also deleted five Telegram posts about the Shelekhov hospitalization figures.

Kobzev’s Saturday post concerned an inspection by Roszdravnadzor, the healthcare-quality regulator rather than the epidemiological service, and did not address the infection. Comments asking why there was still no official statement went unanswered. Meanwhile, Lyudi Baikala reported that pharmacies in Irkutsk and Shelekhov had sold out of antibiotics.

The institute where Shipilova worked was founded in 1934 to fight plague and still leads plague surveillance for the region, alongside cholera, anthrax and tularemia. It is one of five such institutes nationally and the only one covering Siberia and the Far East. Natural plague foci remain in parts of southern Siberia, including Tuva, Altai and Transbaikal. Russia’s last widely reported human case involved a child in the Altai Republic in 2016 and was linked to marmots.

The negative tests are welcome news, and the reports so far do not establish a spreading outbreak. But a young laboratory worker is dead, a hospital wing is quarantined, and almost 200 contacts have reportedly been identified. “Particularly dangerous infection” is a description of the stakes. It still isn’t an explanation of what happened.

Tyler Durden
Sat, 10/03/2026 – 18:05

Quantum Isn’t Coming For Your Bitcoin

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Quantum Isn’t Coming For Your Bitcoin

Authored by Brandon Black via Bitcoin Magazine,

For as long as Bitcoin has existed, new forms of FUD (fear, uncertainty, and doubt) have been used to predict its demise. Despite this, Bitcoin has grown into a multi-trillion dollar asset and begun to take its place in the global monetary order. In recent months, the specter of a cryptographically relevant quantum computer (CRQC) enabling an attacker to recreate secret keys from public keys and sign Bitcoin transactions moving other people’s coins has returned as an evolved form of FUD.

Is this a realistic threat to Bitcoin’s continued growth? In a word, no.

There is no evidence that a CRQC will be built within a decade, and it remains unknown whether such a machine will ever be built. The quantum threat remains FUD.

State of the Art

To date, no quantum computing machine has computed anything out of reach of a precocious 6-year-old (confirmed empirically). Quantum computers are remarkable technology and showcase the truly science fiction worthy capabilities of the modern world. These devices harness foundational technologies such as optical tweezers, laser cooling, superconducting flux qubits, electromagnetic traps, dilution refrigerators, and many more. Within these devices individual qubits are coerced into specific subatomic states (different for each candidate technology), entangled into superpositions, manipulated to represent computations, and then their subatomic properties are read and interpreted. The astounding truth is that these devices exist, and can be manipulated to produce meaningful computations across a handful of inputs. The cold reality check is that (for an example candidate tech.) to do a computation that a small child can do requires enough power to air condition a Texas high school, many hours of setup, and further hours of post-processing.

Reading the Future

I know what you’re thinking, “but there’s so much money flowing into quantum computing”. Does money flowing into a field correlate with the rate of real-world technological progress in that field? Not really. In fact, it can be argued that until the correct underlying technology has been developed and the product-market fit confirmed, money flowing into an area has a negative correlation with the likelihood of applicable technology being developed. This can be clearly seen by comparing NASA’s Space Shuttle program to SpaceX’s Falcon 9. SpaceX took (mostly) known science and reduced it to practice to satisfy a demonstrable market need for reliable and lower cost access to space, at a program cost of less than $5 billion to first crewed mission. The Space Shuttle cost roughly $50 billion to reach its first crewed mission. Not only did Falcon 9 cost an order of magnitude less to develop, but it has a perfect crew safety record to date. There are many reasons for these differences, but it goes to show that no amount of money makes a technology that is not ready practicable. Translating this to quantum computing: we can see that with tons of money being thrown at the problem, technology demonstrations at massive cost are possible.

But this tells us nothing about whether more money will bring us the holy grail of stable, low-error qubits (like the reliability of the Falcon 9).

No amount of continued development on the Space Shuttle program would ever have produced the low cost, high reliability of Falcon 9, and it’s entirely probable that no amount of continued development, at any cost, will ever make any of the current quantum computing technologies reliable enough to break a single key pair.

Now, you might be thinking, “but what about all the recent advancements?” There are two important things to keep in mind about recently published advancements.

First, many of these advancements have been advancements in pure mathematics only.

For example, the recent Google paper which had such an important result that they chose to redact the theoretical quantum circuit rather than risk it being used to break important cryptographic systems. This may seem like massive progress toward the future of CRQCs, but in fact it changed nothing. Unless (or until) the quantum hardware has its Falcon 9 moment, there simply is no device which comes anywhere near the stability and scale needed to run the redacted circuit. It’s pure theater to hide a circuit designed for a device which may never exist.

Second, on the hardware side itself, we see many new results and bits of progress published in a given year, but how many of these relate to the same quantum computing candidate technology? How many represent merely a starting over after a prior result ended in a dead end? The reality is that these advancements do not represent some linear track toward eventual success. They represent the breadth-first search of an infinite possibility space within which quantum researchers are hoping to find a path along which they can proceed for even a modest distance without reaching yet another dead end.

When we look at the reality of the future of quantum computing, it’s hazy at best. There are promising technological developments. Especially, to my eye, in the area of neutral atom devices. But it’s far too early to tell if there’s a path open toward an eventual CRQC along any of the currently known branches or if more restarts are in our future. If, at some point, we see many iterations of the same candidate technology implementing progressively more capable devices, and computing meaningful results that a precocious child cannot also compute, we can revisit this discussion with different evidence.

In Theory

There are two possible explanations for the repeated failure of quantum research to develop a CRQC over many decades. It’s possible that it’s just a hard problem and we’re continuing to apply science and engineering to solve it and one day the ingenuity of the human species will prevail as it has in the development of the Internet, the smart phone, social media, and Bitcoin (left to the reader to decide which of these are positive developments). On the flip side, it may be that developing a CRQC is either impossible or will remain forever outside our grasp. Consider what it would mean for a CRQC to exist: the machine would have to represent within its superposition a field of possibilities the same size as the complexity of the cryptographic problem to be solved. I.e. to break the 128-bit security of the elliptic curve discrete log on Bitcoin’s secp256k1 curve, the quantum superposition would have to represent all possible values of a 128-bit number. In classical computing, representing all such values would require more computer storage (by many orders of magnitude) than humans have ever produced. If there is even the slightest granularity to the quantum superposition (i.e. the quantum superposition is not perfectly continuous across all possible values) then the quantum computer cannot ever become cryptographically relevant. If the energy required to hold a superposition scales with the complexity of the field being represented then a quantum computer cannot ever be cryptographically relevant. The contemporary understanding of quantum physics does not rule out either of these possibilities.

Conclusion: Bitcoin Cannot Rest

Despite all of the preceding, Bitcoin development toward new cryptographic algorithms must continue. While a quantum attack on Bitcoin’s cryptography is not imminent by any means, it’s entirely possible that another flaw could be found through other means. We know that certain elliptic curves have been found to have weaknesses, and secp256k1 could be next. Bitcoin has survived as long as it has because attacks on the system have strengthened it and that will continue to be true as the quantum FUD attack plays out. The development of P2MR or P2TRv2, of SHRINCS, SPHINCS, IBC, ML-DSA, and more post-quantum signature schemes will eventually lead to improvements to Bitcoin’s resilience in the face of future attacks even if an actual CRQC is never developed.

This piece is featured in the latest Print edition of Bitcoin Magazine, The Quantum Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue.

Tyler Durden
Sat, 10/03/2026 – 17:30

Mushroom Cloud Over Alabama: Trump Just Pulled A Condoleezza Rice

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Mushroom Cloud Over Alabama: Trump Just Pulled A Condoleezza Rice

President Trump just pulled a Condoleezza Rice. 

George W. Bush’s Secretary of State had (in)famously stated “we don’t want the smoking gun to be a mushroom cloud” in September 2002 while trying to fearmonger the public into getting on board with the Iraq invasion.

On Friday night, Trump rallied supporters in Mobile, Alabama amid a tour through deep-red states to bolster Republican turnout ahead of the November midterms.

On stage, he once again defended the decision to launch a war on Iran and repeated his line that voters should pretend that he is on the ballot. On higher oil as well as painful gas prices at the pump, he reiterated that it’s a “small price” to pay to prevent Iran from having a nuclear weapon. He also claimed the Iran war will “probably” end soon after the midterms. That’s when Trump proclaimed:

“But remember about the oil: You’re paying a price, but boy, is that a small price than what it would be if these lunatics were allowed to have a nuclear weapon and used it on Mobile, Alabama.”

We should start by noting the obvious: There is nothing in Iran’s missile arsenal capable of reaching the United States. Not a single report has even so much as ever claimed it, 

According to the Arms Control Association, the Islamic Republic does not possess operational intercontinental ballistic missiles (ICBMs), and certainly has never tested one. Iran’s most advanced missiles have a long enough reach to perhaps hit central Europe, or else the remote US-UK base Diego Garcia deep in the Indian Ocean – but hitting Mobile, Alabama is absurd and an impossibility. 

However, it’s unlikely that your average Alabama voter knows this (though notably in the above clip the crowd’s response is lackluster and the applause is very weak). Even the US intelligence community knows that the idea that the Iranians could send a projectile to reach the continental US is false on its face:

There is no serious evidence to back up all the claims that have been made about Iran developing long-range rockets to deliver nuclear warheads. The U.S. intelligence community assess that Iran may be technically capable of developing an ICBM with sufficient foreign assistance, not that they are doing so. Iran has never tested any long-range rockets. Iran’s longest-range missiles are medium-range ballistic missiles, not the intercontinental-range missiles as critics will have us believe.

As far as the evidence shows, Iran is assessed to have deployed several dozen Shahab-3 and Ghadr-1 medium-range ballistic missiles with ranges up to 2,000 kilometers, as well as dozens of short-range ballistic missiles with ranges of 150 to 500 kilometers. Iran is testing a solid-fueled medium-range ballistic missile, the Sejjil-2, but that has not been tested since 2011 and the United States cannot confirm Iran’s claims that this missile is deployed.

Likely Trump is himself fully aware of all this, but when the point is fearmongering the US public into supporting the next Middle East quagmire and half-baked ‘forever war’…. well then logic, reason, and truth go out the window.

Vice President JD Vance pulled something similar not too long ago. Back in March in the opening weeks of Operation Epic Fury he implied that Iran could potentially turn a nuclear bomb into a suicide vest – another absurd claim, just based on the logistics and technical requirements alone.

“You talk about people who walk into a crowded supermarket and have a vest on, and they blow up the vest and a couple of people get killed, and that’s a terrible tragedy,” Vance told a live briefing at the time. “What happens when what’s on the vest is not something that can kill a couple of people, but can kill many, many tens of thousands of people?”

As we pointed out at the time, the simple reality is that a nuclear bomb could not be miniaturized to the point where it could be worn as a vest.

Dear Trump admin, at least come up with something better than old Bush NeoCon talking points.

Tyler Durden
Sat, 10/03/2026 – 16:55

Egypt Arrests, Disappears Entire Newsroom Over ‘Fake News’ Allegations

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Egypt Arrests, Disappears Entire Newsroom Over ‘Fake News’ Allegations

Via Middle East Eye

Egyptian authorities have detained the entire newsroom of one of the country’s only independent media outlets in a move that rights groups have denounced as a “first” and an “alarming escalation” on free speech.

On September 28 and 29, security forces raided the homes of the six journalists – Mohamed Ashraf Abu Emeira, Abdallah Qadry, Islam Barakat, Omar Helal, Mohamed Mahmoud and Mohamed Adel – who constitute the entire team working for Matsada2sh (Arabic for “Don’t believe”). The arrests bring the number of journalists detained in Egypt to 24.

via AFP

“It is a first in Egypt: an entire newsroom behind bars,” press freedom watchdog Reporters Without Borders (RSF) said, criticising the authorities for failing to reveal the journalists’ whereabouts.

“It’s a violation of the Egyptian Constitution, even though this is common practice. Journalists detained in Egypt are often forcibly disappeared for several days before being officially charged and brought before a court,” the group added.

According to multiple accounts by rights groups, the officers confiscated the phones and laptops belonging to the journalists as well as those of their family members during the raids. They also did not present any arrest warrants and refused to disclose where the journalists would be held.

The interior ministry later published a statement confirming the arrests and accusing the journalists of running an unlicensed platform that is “run from abroad” and of spreading “fake news”.

It also accused its journalists of being affiliated with the Muslim Brotherhood, the country’s largest opposition group that has been outlawed under the government of President Abdel Fattah el-Sisi since 2014.

One of the platform’s editors was previously detained in 2023 over similar allegations but was released two days later.

Matsada2sh was founded in 2018 as a fact-checking outlet that corrects misleading or inaccurate information by various sources, including those by official government sources or opposition media.

“Independent journalism is critical in any free society and Egyptian authorities’ failure to allow free exercises of expression to thrive flies in the face of a purported commitment to dialogue, transparency, anti-corruption, and regional leadership,” more than 80 rights groups and independent media outlets said in a statement.

“The crackdown on the Matsada2sh platform and these arrests are alarming escalations on independent media and freedom of expression that cannot be allowed to stand.”

One of the founders of Matsada2sh, Abdelrahman Mansour, who is not based in Egypt, told the Associated Press on Thursday that the families do not know where the journalists are.

“Everyone on this team knew the risks when they went to work every day, but it’s unacceptable for the government to make false accusations and forcibly disappear journalists just because they’re afraid of a free press,” AP quoted Mansour as saying. “Their families are worried, we’re worried, we just want them released unharmed.”

Tyler Durden
Sat, 10/03/2026 – 16:20

California Man Accused Of Routing More Than $300 Million In Restricted Servers To China

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California Man Accused Of Routing More Than $300 Million In Restricted Servers To China

Authored by Arthur Zhang via The Epoch Times,

A California man has been arrested on federal charges accusing him of helping route more than $300 million in export-controlled computer servers to China through Malaysia and Singapore.

Greg Lui, 38, who also uses the name “Yiu Kong Lui,” is arrested by federal agents in Los Angeles County on Oct. 1, 2026. FBI

Greg Lui, 38, also known as Yiu Kong Lui, of San Gabriel, was arrested Oct. 1 after a federal grand jury returned a three-count indictment two days earlier.

Lui was the chief executive officer and owner of Earthmade Computer Inc., a company based in City of Industry, California, and established in November 2023. He was also the registered agent of another company, Coindigger, that did business as Earthmade.

Earthmade has not been charged in the case. The company did not respond by publication time to a request for comment.

Lui is charged with conspiracy to violate U.S. export-control laws, outbound smuggling, and conspiracy to commit money laundering. Prosecutors allege payments from Malaysia flowed into Earthmade’s U.S. bank accounts and were then used to buy restricted servers from American manufacturers.

Prosecutors allege the conspiracy began no later than October 2023 and continued through at least Aug. 12, 2026. The indictment’s detailed transaction examples are concentrated in 2024, when Lui and others allegedly bought high-end computer servers and graphics processing units, or GPUs, from U.S. manufacturers and routed them through Malaysia and Singapore before they ultimately reached China.

Malaysian Route

Between January and October 2024, Earthmade received more than $80 million from one Malaysian company and $96 million from another, according to the indictment. Prosecutors say Earthmade brokered nearly $300 million in sales of export-controlled Nvidia-powered servers from three U.S. manufacturers.

One of the Malaysian companies had been established in 1999 and primarily dealt in lumber, plywood, millwork, and wood panels. Prosecutors describe the second Malaysian entity as a front company.

In January 2024, Lui allegedly told a co-conspirator that the lumber company wanted 70 servers containing Nvidia H100 GPUs. Later that month, he placed an order for 27 H100-equipped servers worth about $7.6 million.

Those servers were shipped from Los Angeles County to Kuala Lumpur. Less than two months later, prosecutors say, a co-conspirator emailed a Malaysian government official stating that the 27 servers had been transshipped to a Chinese purchaser.

Another order was far larger. A U.S. manufacturer quoted Earthmade for 512 export-controlled servers in April 2024, and Lui placed the order the following day.

The indictment traces 92 of those servers. Although a manufacturer had said they were ready to ship to Earthmade in Los Angeles County, prosecutors allege Lui and a co-conspirator instead had them flown from San Francisco to Kuala Lumpur and then onward to Hong Kong. The Chinese purchaser was listed as the consignee.

The indictment identifies the purchaser as an unnamed industrial company based in Hangzhou, China.

US Front Company

Prosecutors describe another transaction involving 100 servers equipped with Nvidia H100 GPUs and worth more than $22 million.

Lui allegedly used an unnamed U.S. front company to place the order and claimed that another City of Industry company, Topmost, was the buyer. He then submitted false documents identifying “Jackie Lui” as Topmost’s chief executive, according to the indictment.

Topmost was also not charged in the case. The company did not respond to a request for comment by publication time.

Prosecutors allege Lui had purchased another person’s identifying documents in 2021 and later used that identity in business transactions connected to the export-evasion scheme.

The indictment also alleges that a person presented as chief technology officer of the Malaysian lumber company was actually an international broker of export-controlled servers who incorporated Topmost in California.

Roman Rozhavsky, assistant director of the FBI’s Counterintelligence and Espionage Division, said the bureau’s investigation found that Lui allegedly sold hundreds of millions of dollars’ worth of the technology to the Chinese government.

An Nvidia spokesperson told The Epoch Times on Oct. 2, “This case shows yet again that smuggling is a losing proposition – legally, economically and technically. Our work with law enforcement has led to prosecutions, and we will continue to engage with law enforcement.”

If convicted of all charges, Lui faces statutory maximum sentences of 20 years on the export-control conspiracy count, 20 years on the money-laundering conspiracy count, and 10 years on the smuggling count.

Lui was expected to make his initial appearance and be arraigned Oct. 2 in federal court in downtown Los Angeles.

Tyler Durden
Sat, 10/03/2026 – 15:10

Search Intensifies Off Nantucket After Gulfstream Jet Vanishes From Radar

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Search Intensifies Off Nantucket After Gulfstream Jet Vanishes From Radar

A massive search is underway off Nantucket on Saturday morning after a Gulfstream G100 carrying six people disappeared from radar while flying from Bermuda to Boston.

The G100 was operated by Latitude Air Ambulance, which provides medical evacuation and repatriation services.

Company spokesman Clarence Togeretz confirmed to The New York Times that the G100 was missing and said Latitude had contacted search-and-rescue and law enforcement agencies.

Local outlet Nantucket Current said the search-and-rescue effort is focused on an area about 13 nautical miles south of Nantucket.

Flight-tracking website Flightradar24 shows the area of interest where aerial and sea-based Coast Guard assets are searching.

X user Breaking Aviation News & Videos lists the Coast Guard assets searching for the G100:

  • HC-144 Ocean Sentry airplane crew from Air Station Cape Cod
  • HC-130 Hercules crew from Air Station Elizabeth City
  • MH-60 Jayhawk helicopter crew from Air Station Cape Cod
  • 47-foot motor lifeboat crew from Station Brant Point
  • Fast response cutter William Sparling (WPC-1154)

Nantucket Current said the G100 “declared an emergency before losing contact.”

Tyler Durden
Sat, 10/03/2026 – 14:35

David Ellison Debuts New Name For Merged Paramount, Warner Bros. Studios

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David Ellison Debuts New Name For Merged Paramount, Warner Bros. Studios

Authored by Jill McLaughlin via The Epoch Times,

Paramount and Warner Bros. studios will be combined under one company named Skydance, company CEO David Ellison announced Oct. 2 on his newly opened X account.

David Ellison, CEO of Paramount Skydance, speaks during the Paramount Pictures presentation at CinemaCon at Caesars Palace in Las Vegas on April 16, 2026. AP Photo/Chris Pizzello

“We have big goals for Skydance, and we intend to pursue them with passion, imagination, and a willingness to take smart risks,” Ellison said.

“At the same time, we will honor what makes Paramount and Warner Bros. special – giving both studios the opportunity to grow, tell more great stories, and bring those stories to even broader audiences around the world, powered by the scale and capabilities of Skydance,” he said.

Ellison said the company chose the name Skydance for a few reasons. The company will serve as an umbrella entity over Paramount and Warner Bros., bringing the iconic studios together under one roof while also preserving their “distinct identities, extraordinary legacies, and brands that have resonated with audiences for generations.”

“We never wanted a new corporate identity to diminish, alter or overshadow either one,” Ellison said in the post. “Instead, we wanted a name that would give the combined company an identity of its own while allowing Paramount and Warner Bros. – and all our extraordinary brands – to remain in the spotlight.”

The company’s assets now include Paramount Pictures and Warner Bros. Pictures, Skydance Animation, Nickelodeon Animation Studio and Avatar Studios; CBS, Showtime, MTV, CNN, TNT, TBS, Comedy Central, Food Network, HGTV, Discovery Channel, HBO/HBO Max, Paramount Plus, and others.

Skydance also owns the film rights to at least 22 of the industry’s biggest franchises, including Star Trek, DC Comics, Looney Tunes, Game of Thrones, Dora The Explorer, Mission Impossible, The Lord of the Rings, SpongeBob SquarePants, Avatar: The Last Airbender, and Transformers.

Ellison announced on Sept. 30 that Ynon Kreiz would serve as co-CEO of the merged company when it officially closed. He joins the company from Mattel, a leading entertainment company where he has served as chairman and CEO since 2018.

Kreiz will oversee the company’s day-to-day operations and integration of the combined businesses, while Ellison will lead the strategy, creative, and technology aspects of the company, according to Ellison.

“I’m excited to partner with David to build the next-generation media and entertainment company – bringing together premium content and iconic brands at the highest quality and scale, serving global audiences across every entertainment vertical and distribution platform,” Kreiz said in a statement.

Paramount Skydance settled a lawsuit with California and 11 other states on Sept. 21 that attempted to block the $111 billion acquisition, clearing a path for one of the largest media mergers in history.

The settlement was approved by a U.S. District Judge Sept. 30, paving the way for the merger to officially close on Oct. 6.

Tyler Durden
Sat, 10/03/2026 – 14:00

Far-Left Riots “Tearing France Apart” Is Political Gift For Le Pen As Election Odds Soar

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Far-Left Riots “Tearing France Apart” Is Political Gift For Le Pen As Election Odds Soar

Riots that French officials blame on far-left groups have morphed into a political crisis, leaving hundreds injured and more than 100 high schools severely damaged. The social unrest appears to be a gift to right-wing presidential contender Marine Le Pen, whose Polymarket odds of winning next year’s election have surged in recent days.

At least 65 school employees, including 40 principals, and roughly 170 students have been injured since the unrest began, Euronews reported Friday. Education Minister Édouard Geffray said at least 100 high schools had suffered severe damage.

The unrest began over overcrowded classrooms, teacher shortages, long school days, and deteriorating facilities. The government’s proposed 2027 budget only offers a 1.7% increase in education spending, bringing the total to 65.53 billion euros.

French intelligence agencies told a government crisis meeting Thursday that radical politicians from the far-left France Unbowed party, known as LFI, had sparked the riots.

According to local outlet Le Monde, Geffray told reporters that far-left groups had taken control of the movement.

The broader security concern is that far-left groups exploit legitimate grievances, recruit younger and younger participants, and transform localized protests into opportunities to riot. The far-left-fueled riots that accompanied US protests in 2020 offer a cautionary tale about how these groups hijack movements, and Western governments are only now coming to their senses about this problem.

For Le Pen, these riots seem like a gift, as her Polymarket odds of winning next April’s election have surged.

Tyler Durden
Sat, 10/03/2026 – 13:25

Trump Announces One-Time $90 Payments To 20 Million Seniors In Medicare

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Trump Announces One-Time $90 Payments To 20 Million Seniors In Medicare

Authored by Aldgra Fredly via The Epoch Times,

President Donald Trump announced on Oct. 2 that his administration would issue one-time $90 payments to more than 20 million seniors enrolled in Medicare.

A file photo shows a federal Medicare office. Spencer Platt/Getty Images

Trump said the payments were meant to help seniors cover Medicare premiums and would come from the Medicare Improvement Fund, which Congress has allocated $2 billion to improve Medicare’s fee-for-service program but has never been used, according to a White House fact sheet.

“We are finally using this Fund, along with my Most Favored Nations Deals, to substantially lower costs for our Seniors,” the president wrote in a Truth Social post.

Eligible Medicare recipients will receive the payment in early October by direct deposit or by check sent to the mailing address they registered with Medicare, the White House said.

Most Medicare Part B enrollees are eligible for the payments, except those whose premiums are already paid by Medicaid or who pay an income-related monthly adjustment amount, the White House said.

“With this action, President Trump is the first President to ever use the Medicare Improvement Fund to directly lower costs for senior citizens,” it stated.

Medicare is federal health insurance for Americans 65 or older and some with disabilities. Medicare Part B covers doctors’ services, outpatient care, and some preventive services such as flu vaccinations and diabetes screenings.

Trump said in his post that the $90 payments are separate from the $500 rebate checks his administration planned to send to nearly 1 million people who were overcharged for their coverage through the Affordable Care Act – President Barack Obama’s healthcare law, known as Obamacare – under the previous administration.

The one-time payments for seniors, Trump said, also demonstrated his commitment to carry out a plan to give every American adult a $5,000 dividend check if Republicans retain control of Congress in the November election.

The president first announced the $5,000 payment during a Sept. 9 Republican event in Dallas, Texas, calling it the Trump dividend. He promised the payment if Americans return Republican majorities to both the House and Senate in the upcoming midterm elections on Nov. 3, which he said could be made possible by his tariff policies.

The Census Bureau’s American Community Survey estimated that there were 245 million adult U.S. citizens in the country as of 2024, meaning the payouts would cost about $1.3 trillion.

Commerce Secretary Howard Lutnick told NBC News on Sept. 10 that, if implemented, the $5,000 dividend checks for citizens would not be paid for with taxpayer dollars. He said the administration could “earn the money that Donald Trump wants to pay out, not from the deficit and not from taxpayers.”

Melanie Sun contributed to this report.

Tyler Durden
Sat, 10/03/2026 – 12:50