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September 7th - According to sources, Baidus intelligent code assistant, Baidu Comate, has been officially integrated into the general-purpose intelligent agent platform, Baidu DuMate, becoming part of the unified product matrix of the Intelligent Agent Business Unit. Sources revealed that by the end of 2025, the proportion of AI-generated code within Baidu will exceed that of manually written code, and AI programming capabilities will support the daily R&D work of over 99% of its engineers.On September 7th, the United States is increasing diplomatic pressure on Iran, proposing to refer the issue of Irans obstruction of nuclear inspectors to the UN Security Council, where inspectors have been unable to verify the location of the countrys near-weapons-grade uranium stockpile. This move is expected to proceed at the International Atomic Energy Agency (IAEA) Board of Governors meeting in Vienna this week. Iran has blocked UN nuclear inspectors from examining its uranium stockpile for 15 months since the Israeli airstrikes began in June 2025. Based on a two-page copy of a document, the US resolution demands that Iran "urgently rectify its non-compliance" and allow inspections to ensure that "nuclear material is not diverted." The last time Washington submitted Irans nuclear documents to the UN, Israel launched an attack on the countrys nuclear facilities within 24 hours, triggering a 12-day war. The current conflict began on February 28th, a day after the IAEA reported observing new activity near the bombed facilities.On September 7th, the 2026 International Clean Air Blue Day themed event was held in Beijing. Tong Yanchao, a second-level inspector of the Atmospheric Environment Department of the Ministry of Ecology and Environment, stated that my country has strengthened in-depth air pollution control, with 96% of the countrys coal-fired power generation capacity and 90% of its steel production capacity achieving ultra-low emissions, establishing the worlds largest clean coal power and steel production system. Tong Yanchao indicated that air pollution control work needs to be further deepened and implemented during the 15th Five-Year Plan period. The next step will be guided by the new version of the ambient air quality standards, with a focus on reducing PM2.5 concentrations, emphasizing precise, scientific, and law-based pollution control, vigorously promoting the transformation and upgrading of industrial, energy, and transportation structures, and in-depth pollution control to drive comprehensive improvement in air quality.On September 7th, the Shanghai Futures Exchange (SHFE) reported the following warehouse receipts and changes: 1. Zinc futures warehouse receipts: 91,622 tons, a decrease of 3,745 tons from the previous trading day; 2. TSR20 rubber futures warehouse receipts: 12,196 tons, unchanged from the previous trading day; 3. Copper futures warehouse receipts: 23,315 tons, a decrease of 2,466 tons from the previous trading day; 4. Alumina futures warehouse receipts: 258,579 tons, an increase of 258,579 tons from the previous trading day; 5. International copper futures warehouse receipts: 7,447 tons, an increase of 26 tons from the previous trading day; 6. Lead futures warehouse receipts: 57,742 tons, unchanged from the previous trading day; 7. Aluminum futures warehouse receipts: 219,874 tons, a decrease of 3,843 tons from the previous trading day; 8. Tin futures warehouse receipts: 5,120 tons, an increase of 463 tons from the previous trading day; 9. Butadiene rubber futures warehouse receipts: 25,080 tons, an increase of 25,080 tons compared to the previous trading day; 10. Nickel futures warehouse receipts: 99,447 tons, an increase of 144 tons compared to the previous trading day; 11. Hot-rolled coil futures warehouse receipts: 214,485 tons, a decrease of 2,063 tons compared to the previous trading day; 12. Fuel oil futures warehouse receipts: 12,320 tons, a decrease of 11,450 tons compared to the previous trading day; 13. Rebar warehouse futures warehouse receipts: 78,146 tons, unchanged compared to the previous trading day; 14. Stainless steel warehouse futures warehouse receipts: 72,509 tons, a decrease of 910 tons compared to the previous trading day; 15. Petroleum asphalt plant warehouse futures warehouse receipts: 17,490 tons, a decrease of 8,610 tons compared to the previous trading day; 16. Petroleum asphalt warehouse futures warehouse receipts: 2,730 tons, unchanged compared to the previous trading day; 17. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 18. Silver futures warehouse receipts: 1,405,940 kg, a decrease of 841 kg from the previous trading day; 19. Natural rubber futures warehouse receipts: 143,800 tons, a decrease of 10 tons from the previous trading day; 20. Pulp warehouse futures warehouse receipts: 403,636 tons, an increase of 5,448 tons from the previous trading day; 21. Pulp mill warehouse futures warehouse receipts: 20,000 tons, unchanged from the previous trading day; 22. Gold futures warehouse receipts: 114,858 kg, unchanged from the previous trading day; 23. Low-sulfur fuel oil warehouse futures warehouse receipts: 5,490 tons, a decrease of 2,840 tons from the previous trading day.On September 7th, the yen rose as much as 1.1% to 154.56, reaching its highest level since February and surpassing the high reached after the joint intervention by Japan and the United States. This rebound was supported by rising expectations of a Bank of Japan interest rate hike and speculation about a potential shift in the asset allocation of the Government Pension Investment Fund (GPIF). For several weeks prior, the market had been questioning the long-term effectiveness of the joint intervention by Tokyo and Washington. Jun Mimura, Japans top foreign exchange official, stated last Friday that his fighting stance on the yen issue remained unchanged, even as the yen was strengthening against the dollar. JPMorgan strategists believe that if the yen breaks through the 155 level, further unwinding of large short positions could accelerate the yens rise.

Twitter contradicts Musk's claims that he was deceived

Aria Thomas

Aug 05, 2022 10:43

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Twitter Inc. asserted on Thursday that Elon Musk's claims in a Delaware court filing that he was deceived into signing the contract to purchase the social media company were "implausible and contrary to the facts."


Musk made the charges in a sealed countersuit he filed on Friday, which was unsealed on Thursday.


"Musk believes Twitter (NYSE:TWTR) deceived him into signing a $44 billion merger agreement. Musk is a successful entrepreneur who was advised by Wall Street bankers and attorneys. This story is as implausible and contrary to reality as it sounds "Thursday's filing by Twitter said the following.


The most recent salvo in an increasingly heated legal dispute between the world's richest person and the social media firm is Twitter's lawsuit.


Musk tried to withdraw his deal to acquire Twitter on October 17, citing a misrepresentation of the service's fake accounts.


The San Francisco-based company is seeking to compel Musk to finish the acquisition and accuses him of sabotaging it since it is no longer in his best interests to do so.


A representative for Musk did not immediately respond to a request for comment.


During Thursday's public counterclaims, Musk accused Twitter of accelerating efforts to conceal the true number of its users, as the market declined.


The counterclaims allege, "As a long bull market ended and the tide receded, Twitter realized that providing the Musk Parties with the required information would reveal that Twitter had been swimming without clothing."


Musk has not provided a "single shred of evidence" to support his "fact-free" charges, according to Twitter's response.

"FACTLESS" ALLEGATIONS

Musk argues further that "Twitter's misrepresentations extend well beyond providing inaccurate statistics" on its spam or fake accounts.


According to Musk's counterclaims, while Twitter claims to have 238 million'monetizable daily active users,' the number of users who actually view adverts is around 65 million less.


Twitter contends that its statements to the SEC about monetizable daily active users were accurate.


Musk, the CEO of electric car company Tesla (NASDAQ:TSLA) Inc, acquired Twitter in April for $54.20 per share, expressing his trust in Twitter's potential as a global forum for free expression.


As Twitter's stock price lagged behind his takeover offer, he began to suspect that less than 5 percent of Twitter users were bot and spam accounts.


Musk sought to terminate the agreement on July 8 without paying the $1 billion termination fee, citing Twitter's failure to disclose data on spam and bot accounts. Twitter filed suit against him four days later.


This week, Twitter sent hundreds of subpoenas to banks, investors, and law firms that supported Musk's buyout deal, while Musk summoned Twitter's Goldman Sachs (NYSE:GS) and JP Morgan advisors about their work.


Experts in the law assume that Twitter wants to determine why Musk turned against the company or if he broke his agreement to raise adequate capital.

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