new link for interview youtu.be/9pElINZjaGk

BREAKING: Iran says the US has agreed to permanently hand over the Strait of Hormuz to Iran under their full sovereign authority, with Iran collecting tolls called "service fees" from all commercial ships after a 60-day waiver period. The opening is planned for Friday, after the signing, per Fars. With pre-war Hormuz traffic at 30,000 vessels and 7.6 billion barrels of oil per year, this could generate $10 billion in annual revenue for Iran, and comes on top of the $300 billion in reconstruction funds directly sent to Iran. This also directly contradicts Trump's claim of a "toll free opening of the Strait of Hormuz" under no fees.

BREAKING: Iran says the US has agreed to pay $300 billion in reconstruction funds directly to Iran as part of the deal Pakistan announced, alongside the release of $24 billion in frozen funds with $12 billion released before negotiations even start, per Mehr News. This directly contradicts Trump's & Vance's claim that no funds will be transferred to Iran at all. If Trump denies this is true, there never was a deal. If Trump confirms, the US has fully capitulated to Iran's demands.

🚨 MERCEDES JUST PUT A MOTOR ONLY 8 CM THICK INTO A CAR THAT CAN HIT 62 MPH IN 2.1 SECONDS. Instead of conventional radial flux motors, Mercedes is betting big on axial flux technology. In these motors, the electromagnetic force flows parallel to the axle, allowing two magnetic rotors to sandwich a central stator in a flat, disc-like layout. The result is dramatically smaller and more powerful. The front motor in the new all-electric Mercedes-AMG GT 4-door Coupe is just 9 cm wide. The rear motors are even thinner at roughly 8 cm each. Despite their tiny size, they help launch the heavy performance car from 0-62 mph in just 2.1 seconds, with a top speed of up to 186 mph. Why this matters: • Axial flux motors are significantly more power-dense and can be up to 50% lighter than traditional designs • Their extreme thinness frees up packaging space in the vehicle for better weight distribution, aerodynamics, or interior room • Mercedes acquired YASA in 2021 and has spent years developing the complex manufacturing processes needed to build them at scale • The technology is debuting in a high-performance AMG model, showing Mercedes is serious about using it in its most demanding cars The deeper implication: While most of the EV conversation focuses on batteries and software, the electric motor itself is undergoing a quiet revolution. Axial flux designs have long been seen as theoretically superior but extremely difficult to manufacture at scale. By solving the production challenges and putting these motors into a real high-performance car, Mercedes is pushing the entire industry forward. The next generation of electric performance cars may not just have bigger batteries they may have fundamentally better motors. We’re watching the physical hardware of EVs evolve as dramatically as the software has. How important do you think motor technology (rather than just battery size) will be for the future of electric performance cars? Follow for more frontier automotive engineering and electric vehicle technology.

U.S. Canada trade agreement is in deep trouble bit.ly/3QasTg9 #whenthebubblebursts

New: A senior US official, speaking to reporters this afternoon, says they are now 80% - 85% confident that the MOU will Iran will be signed in the coming days. They say the US will "significantly" remove sanctions and unfreeze assets if Iran complies with a series of pledges.

Does $SPCX automatically become one of the Mag 7 now? If yes, which company gets dropped to make room? or does it become the Mag 8?

China's EV Revolution is Reshaping Asian Oil Markets @ArgusMedia's VP China Crude Tom Reed on big changes in China's oil strategy, refining sector, and electric transportation. Bottom line: not enough demand for Alberta oil. #china #cdnpoli youtu.be/oulkLdCzkYI

new vehicles sales only, so the proportion of all vehicles is much smaller. But with 10% annual turnover, it won't take much longer than into 2035 to reach 50% of all vehicles. And that doesn't consider the possibility of ppl trading their ICE for electric before 10 years.

Democracy? those were the days...

U.S. Housing Market has reached its most unaffordable level in history 🚨🚨

Canada supports Ukraine, Ukraine supports Canada. Nothing finer.

US inflation is over 4% annually and 24% over the last 5 years. And the Federal Reserve will probably do nothing about it. What happened to that dual mandate thing?

Consumer Prices in the US rose 4.5% per year over the last 5 years and over 24% in total. 2% inflation is a myth. They won't do it, but the Fed should be hiking rates at the FOMC meeting next week.

the future is arriving faster than anyone imagined.

Here is a China story with giant global implications. Car sales in the world's largest market have been dropping for 8 straight months. In May they plunged 22% YoY. That's a 400,000 car tank in a single month. Chinese automakers have reacted by doubling down on exports to markets worldwide. Gotta keep the factories running. 2022: 3.1M 2023: 4.9M 2024: 5.8M 2025: 8.3M 2026: 12M (f) Chinese cars are coming to your neighborhood, ravaging legacy automakers in Australia, the UK, Spain, Mexico and Brazil. reuters.com/world/asia-pacif…

“I have a foreboding of an America in my children's or grandchildren's time -- when the United States is a service and information economy; when nearly all the manufacturing industries have slipped away to other countries; when awesome technological powers are in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and what's true, we slide, almost without noticing, back into superstition and darkness... The dumbing down of American is most evident in the slow decay of substantive content in the enormously influential media, the 30 second sound bites (now down to 10 seconds or less), lowest common denominator programming, credulous presentations on pseudoscience and superstition, but especially a kind of celebration of ignorance” ― Carl Sagan, The Demon-Haunted World: Science as a Candle in the Dark

ft.com editorial sounds lame using "engines". & F1 has been hybrid for years. "The rise of electric engines is a particular provocation to petrolheads, as shown by the controversy over Formula 1’s move to hybrid power units this season"

The Strait of Hormuz closure will become a crisis bit.ly/43S2Ltu #whenthebubblebursts