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Palmer Luckey's Anduril Secures $5B At $61B Valuation To Supercharge Killer Drone Production
Palmer Luckey's Anduril announced a $5 billion Series H funding round at a $61 billion valuation, led by Thrive Capital and Andreessen Horowitz. This comes as President Trump's 'war economy' and the rise of 'war unicorns' gain momentum.
Anduril CEO Brian Schimpf wrote in a statement about the Series H funding round, indicating the "financing reflects that shift, and it gives us the ability to continue investing aggressively in manufacturing capacity, research and development, and the infrastructure required to build and field advanced defense systems at scale."
Luckey's Anduril is a new breed of defense technology company that builds autonomous weapons systems, drones, counter-drone platforms, surveillance networks, and AI-powered command-and-control software for the US military.
While most of Silicon Valley has gone soft and signed peace pacts with one another not to dual-use their technology for the military, we have diligently covered rising war unicorns and the Trump administration's push to drive innovation in a space controlled by legacy primes, such as Boeing and Lockheed.
Here are Anduril's products:
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Fury, an autonomous fighter-style aircraft
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Roadrunner and Anvil, counter-drone interceptors
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Ghost, a tactical unmanned aircraft
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Barracuda, a family of autonomous cruise missile-like systems
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Autonomous undersea vehicles and broader defense networking tools
Related:
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Race To Refill U.S. Weapons Stockpiles Will Supercharge War Economy
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L3Harris' Missile Business Files To Go Public As Trump's War Economy Prepares For Launch
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War Economy Returns: From Trucks To Tanks, Pentagon Looks To Automakers To Rebuild America's Arsenal
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DOGE Team At Pentagon Is Urgently Trying To Overhaul America's Lagging Drone Program
And there's this:
Follow the money:
The war economy, reshoring, rare earths, and data center buildouts are some of Trump's economic boom agenda.
Tyler Durden Wed, 05/13/2026 - 11:45Ireland Convicts 78-Year-Old Preacher For Preaching Near Abortion Clinic
Ireland is finally safe.
Clive Johnston has been convicted and can no longer menace the public.
Johnson, 78, is a retired pastor who committed the heinous offense of preaching near the Causeway Hospital in Coleraine.
That was considered within the “safe access zone” under Northern Ireland’s Abortion Services (Safe Access Zones) Act.
The Act prohibits “influencing,” “preventing or impeding access,” or “causing harassment, alarm or distress” to a protected person within 100 meters (about 328 feet) of facilities where abortions are performed.
So Johnson was found guilty of “influencing” inside the protected zone and fined 450 pounds (about $614).
Northern Ireland’s Public Prosecution Service told Fox News Digital, “The defendant was found guilty and convicted by the court of doing an act in a safe access zone with the intent of or being reckless as to whether it had the effect of influencing a protected person attending the premises; and failing to comply with a direction to leave a safe access zone.”
The language of the law is absurdly vague and abusively broad. What constitutes an “influence” is undefined and could include any religious, political, or social exchange. Would it include encouragements to have abortions?
It is equally perverse to treat praying or preaching the same as blocking or impeding access to a clinic. Finally, a hospital engages in a wide array of activities that raise religious or political issues that can be the subject of free speech.
We previously saw several cases in the United Kingdom where people were arrested for silently praying near abortion clinics.
For its part, Ireland has been a leader in censorship and the criminalization of speech. As the leader of the Irish Green Party proclaimed, “We are restricting freedom for the public good.”
By the way, his offense was reading John 3:16, including “For God so loved the world that he gave his one and only Son, that whoever believes him shall not perish but have eternal life.”
What could perish in Ireland and the United Kingdom is free expression as speech regulators target bad influences under time, place, and manner laws.
Tyler Durden Wed, 05/13/2026 - 11:30U.S. Wheat Crop Forecast To Hit Half-Century Low As Drought Hits Breadbasket
Chicago wheat futures surged on Tuesday, hitting two-year highs after the USDA's latest WASDE report signaled a much tighter U.S. supply outlook than traders had anticipated.
Production stress across America's breadbasket is now converging with a megadrought and mounting fertilizer constraints, adding upward pressure on prices at a time when global food prices are rising.
🌾Due to poor crop health and a record-low planted area, the United States will produce the smallest wheat volume since 1972.
2026 winter wheat output (67% of total output) by class is seen at the lowest levels since:
All winter: 1965
Hard red winter: 1957
Soft red winter: 2020 pic.twitter.com/OcIP3DA0VS
The USDA forecast 2026/27 U.S. all-wheat production at 1.56 billion bushels, sharply below Wall Street expectations of around 1.74 billion, marking the smallest harvest since 1972.
🇺🇸The U.S. in 2026 is set to harvest the smallest wheat crop in 54 years.
Weather has challenged winter wheat this year and condition ratings have plunged. Pairing low yield with low planted area, USDA projects the smallest U.S. winter wheat harvest since 1965. pic.twitter.com/xe2alJOPyr
After the report on Tuesday, Chicago wheat futures jumped to their highest level since May 2024.
The latest WASDE report should come as no surprise to readers, as we have been closely tracking the intensifying drought stress plaguing the U.S. agricultural market:
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Drought Engulfs 60% Of U.S. As Farmers Begin Spring Planting
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UBS Warns Drought Shock Unfolding Across Breadbasket Of America
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Wheat Spread Blows Out As Drought Chaos Plagues America's Breadbasket
Saxo commodities head Ole Hansen penned a note on Wednesday, highlighting just how dire the report is for wheat production:
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USDA projected the smallest U.S. wheat harvest since 1972, triggering sharp gains in both Chicago and Kansas wheat futures.
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Hard red winter wheat production was estimated at the lowest level since 1957 following drought damage across the southern Plains.
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The Bloomberg Grains Index has gained 17% YTD, supported by strong advances in soybean oil, wheat, and related biofuel-linked markets.
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Managed money traders have returned aggressively to agriculture, although wheat positioning remains mixed due to continued contango focus.
Let's not forget America's breadbasket, plagued by drought, as the Middle East energy shock has disrupted the fertilizer trade and may impact harvests later this year. Global food prices are rising.
Related:
Our debate at the start of May featured former Bridgewater head of commodities Alex Campbell and Brent Johnson of Santiago Capital. It was hosted by Tony Greer and Jared Dillian, who discussed the potential food crisis that appears to be festering.
— ZeroHedge Debates (@zerohedgeDebate) May 2, 2026 Tyler Durden Wed, 05/13/2026 - 11:15Iran ‘frighteningly close’ to a nuclear weapon, Energy secretary warns
JD Vance issues ultimatum to 50 states: Crack down on fraud or Trump admin will cut Medicaid funding
Epstein victim says he raped her while he was under house arrest
Rihanna details the night she and ASAP Rocky were shot at in Beverly Hills
Parenting experts reveal why the ‘cereal for breakfast’ generation is struggling in adulthood
Late-night hosts crash ‘Colbert,’ he reveals which A-list actress he was ‘wildly attracted’ to
Late-night hosts crash ‘Colbert,’ he reveals which A-list actress he was ‘wildly attracted’ to
Anthony Volpe returns to Yankees’ lineup for first time since surgery
Gavin Newsom delivers porn to death row inmates — at taxpayer expense
CNN shakes up morning lineup with personnel change aimed at bridging TV, streaming
IEA Revises 2026 Forecast: Global Oil Supply To Plunge Below Demand This Year
Global oil demand is set to exceed supply in the current year amid the ongoing conflict in the Middle East, reversing previous projections of a surplus, OilPrice reports citing the latest IEA data.
"With Hormuz tanker traffic still restricted, cumulative supply losses from Middle East Gulf producers already exceed 1 billion barrels with more than 14 million (barrels per day) of oil now shut in, an unprecedented supply shock," said the agency, which advises industrialized countries.
According to the May 2026 Oil Market Report by the International Energy Agency (IEA), global oil supply is projected to fall by 3.9 million bpd across 2026, with ~10.5 million bpd of Gulf oil production currently offline.
Global oil stocks are depleting at a record pace as supply losses from disruptions to flows via the Strait of Hormuz keep mounting
Producers & consumers are responding to the market signals, with Atlantic crude oil exports surging & refiners cutting runs: https://t.co/cOYraM4phx pic.twitter.com/QWJlPICebi
Consumption is also under pressure due to the war as price spikes lead to demand destruction and slower economic growth: Global demand is also forecast to contract by 420,000 bpd compared to a previous forecast of an 80,000 bpd drop due to surging prices, slow economic growth and widespread flight cancellations, with oil demand still set to outpace supply by 1.78 million bpd in the current year.
"Our latest supply and demand estimates imply that the market will remain severely undersupplied through the end of 3Q26, even assuming the conflict ends by early June," the Paris-based agency said, adding that the second-quarter deficit will be as stark as 6 million bpd.
Global crude runs are expected to plunge by 1.6 million bpd to an average of 82.3 mb/d for the year as operators face infrastructure damage and severe feedstock shortages, with refinery throughput expected to fall by 4.5 million bpd in the second quarter alone.
Operators in the Middle East and Asia are battling significant damage to energy infrastructure and reduced availability of crude feedstocks, largely stemming from the closure of the Strait of Hormuz. The heaviest cuts have been in the Middle East and Asia-Pacific, heavily impacting naphtha, LPG and jet fuel production.
According to the IEA, global oil inventories are projected to fall by an average of 8.5 mb/d during the second quarter of 2026, with the drawdown largely due to a decline in crude output from countries including Iraq, Saudi Arabia, Kuwait and the UAE.
The steepest inventory draws are projected to occur in May and June, helping to keep Brent crude prices elevated at ~$106 per barrel.
Whereas the release of a total of 400 million barrels by 32 IEA members is expected to provide a temporary buffer, the market will still face a significant deficit that could keep prices high through the year.
Tyler Durden Wed, 05/13/2026 - 11:00