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BusinessPhoto: ET Markets

Short Sellers Gain $6 Billion Amid AI Debt Concerns in Neocloud Firms

Short sellers targeting US neocloud and data center companies have earned approximately $6 billion in paper profits this month. The surge is driven by fears over rising debt linked to AI infrastructure investments. Companies like CoreWeave, Nebius, IREN, Applied Digital, and Core Scientific are heavily shorted, reflecting market worries about debt-fueled spending in AI technology.

ET Markets·

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WorldPhoto: Deccan Herald

Change in Elephant Somanna's Position Led to Dasara Incident

During the Dasara procession in Shivamogga, elephant Somanna ran amok after being moved from the middle to the front of the procession. This change, insisted by legislator S N Channabasappa for better visibility of the silver howdah with Goddess Chamundeshwari's idol, caused Somanna to panic and run backwards, resulting in the 450-kg howdah falling off. Officials noted the incident might have been avoided if the usual lead elephant, Sagar, had remained in front.

Deccan Herald··Shivamogga

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BusinessPhoto: News18 World

Meta and Zuckerberg Agree to Keep Him in California Amid Wealth Tax

Meta Platforms has reached an agreement with CEO Mark Zuckerberg to keep him living in California despite his earlier warning about moving if a proposed wealth tax passes. Zuckerberg will receive non-voting shares to help cover a potential multi-billion-dollar tax bill if the tax is approved. He commits to remaining a resident of California or wherever Meta's headquarters are for eight years.

News18 World·

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HealthPhoto: Deccan Herald

Licences of 7 Medical Stores Suspended in Bidar for Supplying to Fake Doctors

The Assistant Drugs Controller Dhananjaya has suspended the licences of seven medical stores in Bidar district for allegedly supplying medicines to fake doctors. Licences of Devi Krupa Medicals, Sai Surgicals, and Adya Pharma in Humnabad, Veerabhadreshwara Medicals in Basavakalyana, and Srinath Medicals in Janjagi are suspended for 10 days from October 26. Shiva Medicals and Biradar Pharma in Bhalki face 5-day suspensions following an investigation by the food safety and drugs administration.

Deccan Herald··Bidar

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PoliticsPhoto: HT World

France's New Ambassador Aurelien Lechevallier Begins US Post

Aurelien Lechevallier has officially assumed his role as France's ambassador to the United States after a delay caused by a diplomatic dispute between Paris and Washington. Lechevallier, former chief of staff to French Foreign Minister Jean-Noel Barrot, presented his credentials on Tuesday, marking the start of his mission. He expressed honor in representing France and strengthening French-American relations.

HT World·

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SciencePhoto: TOI Science

Seabird Populations on Pacific Island Rose Tenfold After 2005 Rat Removal

The eradication of invasive rodents on Surprise Island in 2005 led to a dramatic recovery of seabird populations. Researchers monitored seven seabird species, finding that some, like noddies, increased breeding pairs significantly, while others, such as red-footed boobies, showed slower recovery over decades. This study highlights the positive long-term impact of invasive species removal on island ecosystems.

TOI Science·

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