EMAT seeks to reduce China reliance on rare earth magnets with Pohang facility
Evolution Metals & Technologies (EMAT), a Nasdaq-listed rare earth magnet producer, is making a big bet on Pohang, North Gyeongsang Province, by building a facility capable of producing 10,000 tons of sintered rare earth magnets annually for export to the U.S. and to other global customers seeking to reduce their reliance on China's dominant rare earth supply chain. The company plans to invest approximately 300 billion won ($224 million) in Pohang, including 223.8 billion won earmarked for building initial production capacity on a 118,000-square-meter site at the Blue Valley Industrial Complex in the city by 2027. EMAT and the Pohang city government signed a memorandum of understanding (MOU) on the investment project on Tuesday, with the city pledging administrative support for EMAT's plans. During an interview with The Korea Times, EMAT CEO Frank Moon stressed the need to distinguish between upstream and downstream operations. Citing China's dominance in the supply chain, he said geopolitical issues weigh heavily on the industry, and customers’ growing demand for alternatives to Chi
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McCain predicts Elizabeth Holmes will get a Trump pardon
Meghan McCain, former Sen. John McCain’s (R-Ariz.) daughter, predicts that convicted Theranos founder Elizabeth Holmes will get a pardon from President Trump. “One of my hottest, hot takes is that Elizabeth Holmes will eventually get a Trump pardon,” McCain wrote on the social platform X. She shared her thoughts in another post, asking comedian and...
CFTC sues to block Utah from enforcing gambling laws against prediction markets
The Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has filed a lawsuit against the state of Utah to stop the state’s efforts to shut down CFTC-registered contract markets. The lawsuit follows a lengthy battle the state has been fighting against prediction markets. In August, a federal judge in Utah ruled that the...
FEC electronic filing system hit with hours-long outage
The Federal Election Commission's electronic filing system has been down for hours on Tuesday, according to a spokesperson who confirmed the agency's IT teams are working to restore the service. According to the FEC's incident update page, the agency said Monday night it is "investigating this issue," stating the FEC filing system is down. An...
DCCC pushes for ads targeting GOP on AI, data centers in dozens of key House races
The Democratic Congressional Campaign Committee (DCCC) is pushing for advertising targeting Republican candidates over their record on AI and data centers in dozens of key House races, as technology-related issues take on new significance in the midterm elections. In a report shared first with The Hill, the Tech Oversight Project noted that House Democrats' official...
Kalshi expands protections for users aged 18-20
Prediction market platform Kalshi is expanding protections for young traders aged 18-20, which includes a new monthly deposit limit. Accounts in the age range will now have a $2,500 monthly deposit limit, Kalshi announced in a press release Tuesday. They will be automatically placed into “special accounts” that will have extra protections and built-in...
Trump says he will ban the term artificial intelligence
President Trump said Tuesday that he was banning the term artificial intelligence “in all relevant documents and everything else.” “In short order, we will be officially BANNING the term, ‘AI/Artificial Intelligence,’ in all relevant documents, and everything else, due to its inaccuracy,” he wrote on Truth Social. Trump hit on The Wall Street Journal for...
Apple’s new iMac gets the M6 chip and a stronger focus on AI
The 24-inch all-in-one keeps its familiar design but gains faster graphics, Wi-Fi 7 and a new version of Siri.
The MacBook Pro now comes with the M6 chip and N1 chip for better performance and connectivity
Apple’s entry-level MacBook Pro gets a spec-bump update.
Texas agriculture commissioner: GOP could pay price for data center push
A longtime Trump supporter says rising costs, data centers and frustration in farm country could hurt Republicans at the ballot box.
Brainstacking: Can the latest TikTok trend actually reverse brain rot?
TikTok's latest trend claims to help combat brain rot and reduce doomscrolling with analog hobbies.
How China ‘risk factors’ loom over Anthropic’s hotly anticipated IPO filing
Open-weight models, China-US tensions, Taiwan – just a few of the more than dozen references to China-related risks cited in Anthropic’s much-anticipated listing prospectus, which was finally released on Monday after months of speculation. Mostly concentrated within the 93-page “risk factors” section of the filing with the US Securities and Exchange Commission, the disclosures reveal how the Silicon Valley start-up assesses the commercial threats posed by China and its artificial intelligence...
Anthropic, DeepSeek and drones: 10 takeaways from the 2026 unicorn boom
Thirteen years after venture capitalist Aileen Lee coined the term, the unicorn has stopped being mythical. There are now 1,879 privately held companies valued at US$1 billion or more, according to a new analysis by BestBrokers, which drew on data from Crunchbase, PitchBook and TechCrunch. The headline number hides a narrower story. Capital in 2026 […] The post Anthropic, DeepSeek and drones: 10 takeaways from the 2026 unicorn boom appeared first on e27.
