Category: News
Harvard Creates Robot Ants That Work Like Real Insects To Build And Dismantle Complex Structures
Harvard Creates Robot Ants That Work Like Real Insects To Build And Dismantle Complex Structures
Authored by Mrigakshi Dixit via Interesting Engineering,
Researchers at Harvard have developed a fleet of robotic ants that mimic the self-organizing behavior of social insects to build and dismantle structures without blueprints or central leadership.
Dubbed “RAnts”, these robotic ants have been designed by researchers from the John A. Paulson School of Engineering and Applied Sciences (SEAS).
These are simple, decentralized robots that can spontaneously organize to build — and just as easily destroy — complex structures.
Instead of chemical pheromones, these robots use light fields (photormones) to communicate.
“Our new study shows how simple, local rules can lead to the emergence of complex task completion that is self-organized and thus robust and adaptive,” said Professor L. Mahadevan, the Lola England de Valpine Professor of Applied Mathematics, Organismic and Evolutionary Biology, and Physics at SEAS and FAS.
“We also introduce the concept of exbodied intelligence, where collective cognition arises not solely from individual agents, but from their ongoing interaction with an evolving environment,” Mahadevan added.
Digital pheromones
Ants prove that you don’t need a big brain to be a great builder. All that is needed is a great team. Without blueprints or supervisors, these tiny creatures construct some of nature’s most complex habitats.
And now, experts are taking this cue. In recent years, AI development has obsessed over faster chips and bigger digital brains.
But Professor L. Mahadevan and his team looked elsewhere, particularly exbodied intelligence.
In this model, the smart systems aren’t located inside the robot’s hardware. Rather, the intelligence emerges from the interaction between the robot and its surroundings.
This study demonstrates that decentralized agents can achieve complex goals by following minimal physical rules and responding to environmental cues.
In the wild, ants communicate via pheromones — chemical breadcrumbs that signal where to walk or where to dig. To replicate this, the Harvard team used photormones.
Using a biological concept called stigmergy, in which individuals respond to environmental changes made by others, the team created “RAnts” that communicate through light fields known as photormones.
These digital signals act as a substitute for natural pheromones, allowing the robots to coordinate their actions by sensing and modifying their surroundings in a continuous feedback loop.
Diverse use
Following simple gradients in a “photormone” light field, these robots create a feedback loop that coordinates the entire swarm.
These operate on just a few basic rules, like tracking signals, transporting blocks, and depositing them at specific thresholds.
The beauty of the system lies in its simplicity. Interestingly, the swarm can switch roles instantly by adjusting just two parameters: the intensity of the light-following behavior and the setting for dropping or picking up blocks.
One minute, the robots are a construction crew, and the next, a demolition team.
This development offers a new model for autonomous robotics, proving that sophisticated, large-scale tasks can be managed through simple, self-organizing interactions.
It suggests that collective intelligence isn’t just in the robots’ brains, but arises from the constant interaction between the agents and their evolving environment.
These findings pave the way for diverse applications, ranging from autonomous construction in hazardous zones and planetary exploration to the creation of advanced experimental models for analyzing animal behavior.
The study findings were detailed in the journal PRX Life.
Tyler Durden
Wed, 04/22/2026 – 18:00
Embassy Tells Americans Still In Lebanon Depart Now While Flights Available As Ceasefire Collapsing
Embassy Tells Americans Still In Lebanon Depart Now While Flights Available As Ceasefire Collapsing
The US-mediated Lebanon ceasefire is unraveling fast amid intensified fighting between Israel and Hezbollah on Thursday.
This has resulted in the US embassy in Beirut issuing an urgent renewed security alert, urging US citizens to depart Lebanon while commercial flight options are still available.
The statement explained the security situation “remains complex and can change quickly.” It further said that those who don’t or cannot leave must be prepared to encounter emergency situations, and also warned of unexploded ordnance which has resulted in the recent war.
A 10-day ceasefire is still technically in effect – which began about six days ago after it was brokered between Lebanese and Israel officials in Washington D.C.
However, Hezbollah did not sign on, while also Israel said it would continue going after the Iran-allied paramilitary group, chiefly in the south of the country, where it has its main outposts.
At this point about 2,300 Lebanese have been killed since fighting intensified, including civilians, according to Beirut officials – and on the Israeli side, at least 13 soldiers and two civilians have died.
As part of the latest:
Lebanese media reported Wednesday that two journalists, Amal Khalil and Zeinab Faraj, were wounded in an Israel airstrike in the village of A-Tiri in southern Lebanon. According to the reports, Red Cross teams were dispatched to evacuate them. Later reports said two bodies and Faraj were recovered, while Khalil remained trapped, with Lebanese officials blaming Israel for difficulties in reaching her.
Lebanon’s president, Joseph Aoun, said he was following developments and instructed the Red Cross to continue rescue efforts. A senior Lebanese army official told Reuters that an Israeli drone dropped a grenade near rescue teams, adding that Lebanon had appealed to Israel through the United States to allow access to the area.
And Israel has charged Hezbollah with breaching the ceasefire by sending drones and rockets into Israel lately.
Lebanon: The U.S. Embassy in Beirut is closely monitoring the security situation in Lebanon. The security environment remains complex and can change quickly. We urge U.S. citizens to depart Lebanon while commercial flight options remain available. We recommend that U.S. citizens… pic.twitter.com/RwHBB4DKpC
— TravelGov (@TravelGov) April 22, 2026
While the Lebanon ceasefire is separate from the US-Israel-Iran ceasefire, it certainly is parallel, and typically when Iran and Israel are locked in direct battle, so is Hezbollah.
Israeli officials are now warning the ceasefire in Lebanon could collapse “at any moment” – and precautions are also being taken in northern Israel.
Tyler Durden
Wed, 04/22/2026 – 17:40
Here’s How Trump Can Nuke Virginia’s New Gerrymandered Map…
Here’s How Trump Can Nuke Virginia’s New Gerrymandered Map…
Authored by Matt Margolis via PJMedia.com,
Virginia used to be a model of fair redistricting. That reputation is now gone.
On Tuesday, Virginia Democrats passed a redistricting plan that transforms one of the most fairly apportioned states in the country into one of the most blatantly gerrymandered.
Keep in mind that Virginia only narrowly backed Kamala Harris over Donald Trump in 2024 by roughly five points. Virginia is, in every way, a battleground state. Yet under the new map, nearly half the state’s voters effectively lose their voice. The new lines snake from densely packed, heavily Democratic suburbs deep into rural territory. There is nothing democratic about it.
And the endgame is obvious. If these maps survive a court challenge, Democrats will have a much easier path to stacking Congress against President Donald Trump — setting up yet another sham impeachment attempt over nothing.
Democrats aren’t even hiding what they’re doing anymore. Why would they? Republicans have spent years playing nice while the left plays to win, and they play dirty.
That has to stop. And there may be a remarkable way to stop it right now.
Chad R. Mizelle — former chief of staff to the U.S. Attorney General, former acting general counsel of DHS, former chief of staff at DHS, and former associate counsel to President Trump — has floated a counter-move.
He’s calling it a form of “re-Districting,” and it could nuke the Democrats’ new gerrymandered map.
Here’s the history. In 1790, both Virginia and Maryland ceded territory to create the new national capital. Virginia’s portion — what is now Arlington County and the city of Alexandria — remained part of the District of Columbia until 1847, when Congress returned it to Virginia. The reason? To protect slavery. The District had abolished it, and Virginia slaveholders didn’t want to give up their slaves. Democrats love to talk about the legacy of slavery to justify tearing down statues, renaming buildings, etc. — to be consistent, they should give that piece of land back to the District.
The legal questions over this retrocession have never gone away.
President William Howard Taft and others argued that it was unconstitutional and pushed to reclaim the land for D.C. However, the Supreme Court has never definitively settled the matter.
Mizelle’s proposal is for Trump to issue an executive order declaring that slavery-motivated retrocession unconstitutional.
That order wouldn’t need to resolve everything on its own — it would immediately trigger litigation and force federal courts to finally answer the question: Do Arlington and Alexandria legally belong to Virginia or to the District of Columbia?
The legal footing here is rock solid, but the cultural argument is just as strong.
Obviously, Arlington and Alexandria are among the bluest jurisdictions in the country, packed with federal employees and D.C.-oriented professionals whose political and economic lives are already aligned with the capital.
As Mizelle notes, those residents would “feel right at home” as part of the District. Their removal from Virginia’s congressional map would substantially shift the partisan balance across the rest of the commonwealth, restoring a voice to the rural and small-town voters currently being drowned out.
This isn’t a mirror-image power grab. It targets a historically tainted decision, seeks legitimate judicial clarity, and corrects a gerrymander that disenfranchises nearly half a state. There’s more detailed legal analysis available over at The American Capital Project, and the constitutional case for returning that slice of Virginia to D.C. is solid.
I’ve said it before, and I’ll say it again: Republicans have to stop playing nice. This is exactly the kind of response that shows Democrats the era of one-sided hardball is over.
Do it, President Trump. Do it.
Tyler Durden
Wed, 04/22/2026 – 17:20
SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
SaaS Stocks Slammed As ServiceNow Disappoints, Blames MidEast War
Perhaps indicative of the fragility of the current rebound – as Software stocks have recently ripped higher for 8 straight days – SaaS stocks are all deeply in the red after-hours as ServiceNow – the potential poster-child for AI disruption – cut its margin outlook amid lackluster results, sending shares reeling.
At first glance, it was a good print – the provider of business task management software posted first-quarter adjusted earnings of 97 cents a share, which was in-line with Wall Street estimates, according to FactSet.
Revenue for the quarter rose 22% to $3.77 billion, marginally above analyst expectations of $3.75 billion.
Additionally, ServiceNow said that subscription revenue will increase about 23% to $3.82 billion in Q2, the company said (marginally above the consensus of $3.75 billion).
But it wasn’t all pretty…
But, it appears Wall Street was hoping for more – with investors already worried about the disruptive impact of AI on software stocks – as NOW shares sank 13% in extended trading…
…after the software company also cut its full-year forecast for subscription adjusted gross margin…
The software giant now expects a 31.5% margin on its full-year adjusted income from operations, whereas ServiceNow (NOW) was previously targeting a 32% margin.
The company’s forecast for a 26.5% adjusted operating margin in the second quarter is also meaningfully below the 30.1% Wall Street consensus
But have no fear, the future looks incredibly rosy!!??
The lukewarm result was blamed on the Mideast conflict:
In Q1 2026, subscription revenues growth saw an approximately 75 basis point headwind from delayed closings of several large on-premise deals in the Middle East, due to the ongoing conflict in the region. This outlook reflects a prudent assessment of those geopolitical headwinds on deal timing for the remainder of FY 2026.
The margin narrative overshadowed ServiceNow’s rosier view of its AI prospects, as CEO Bill McDermott said he expects $1.5 billion in AI revenue for 2026, up from a $1 billion projection before. McDermott told MarketWatch that the new outlook could be conservative.
But NOW’s weakness was already impacting the rest of the SaaS space as pre-war worries re-blossomed…
Among other software stocks:
Salesforce -5.2%,
Atlassian -6.6%,
HubSpot -5.5%,
Workday -4.6%,
MongoDB -1.9%,
Snowflake -2.3%,
Cloudflare -1.2%,
Microsoft -1.5%
Not pretty…
“We believe it will be difficult for results or management commentary to alleviate concerns around medium-term AI disruption,” wrote Brad Zelnick, an analyst at Deutsche Bank, in a note ahead of earnings.
Even more difficult now…
Tyler Durden
Wed, 04/22/2026 – 17:03
https://www.zerohedge.com/markets/saas-stocks-slammed-servicenow-disappoints-blames-mideast-war
California Exposes Amazon’s Alleged ‘Retail Price Fixing’ In Unredacted Court Filing
California Exposes Amazon’s Alleged ‘Retail Price Fixing’ In Unredacted Court Filing
California Attorney General Rob Bonta on Monday released a largely unredacted court filing packed with internal emails that allege Amazon strong-armed brands like Levi Strauss and Hanes into pressuring Walmart, Target and other rivals to raise prices – all to protect Amazon’s $2.66 trillion empire.
The 19-page memorandum, filed in support of a preliminary injunction in San Francisco Superior Court, paints a picture of coordinated price elevation that Bonta calls “naked” and “per se illegal” under California’s Cartwright Act. The evidence builds on documents the Guardian first reported on last week, but goes significantly further by naming major brands and quoting verbatim email chains that had remained heavily redacted until Monday.
“You don’t see price fixing so explicitly and egregiously in writing like this,” Bonta told reporters, framing the documents as proof that Amazon used its market dominance to eliminate real competition across the internet.
The case, The People of the State of California v. Amazon.com Inc. (CGC-22-601826), dates back to September 2022. California accuses Amazon of running what it calls a “Retail Price Fixing Scheme” that relies on threats of lost Buy Box placement, suppressed search visibility and outright order suspensions – tools the state says gave the company “overwhelming bargaining leverage” over vendors.
The emails tell the story in real time.
In one exchange detailed in the filing, Amazon flagged “styles of concern” to Levi’s – specifically Easy Khaki Classic pants listed cheaper at Walmart. The next day, Levi’s replied that it had “partnered with” Walmart to raise the price back to the desired $29.99 ladder. Amazon then matched the higher price.
Similar patterns appear with Hanes (pressuring Target and Walmart), Allergan eye drops (Walmart raised prices after Amazon suppressed the listing), pet treats coordinated with Chewy, and furniture sold through Home Depot. Vendors repeatedly acted as intermediaries, contacting rival retailers at Amazon’s direction to “fix” or “resolve” lower prices elsewhere.
The filing also describes Amazon’s internal enforcement mechanisms: “CRaP” (Can’t Realize a Profit) flags, Guaranteed Minimum Margin demands, and instructions to discuss pricing by phone to avoid a paper trail.
According to the filing, Amazon’s conduct harms consumers by creating an invisible price floor across major online retailers. “The company is price fixing, colluding with vendors and other retailers to raise costs for Americans beyond what the market requires – beyond what is fair,” Bonta said in a statement.
Amazon just got caught running a secret price manipulation operation with Levi’s, Home Depot, Walmart, and many more.
Every time you “comparison shopped” online, you were looking at prices that were already rigged.
Here’s what happened:
Amazon would monitor prices on Walmart,… pic.twitter.com/sCmIGY1cL4
— Ricardo (@Ric_RTP) April 21, 2026
Amazon pushed back sharply, calling the release “a transparent attempt to distract from the weakness of its case” and noting that the evidence is years old. “Amazon is consistently identified as America’s lowest-priced online retailer, and we’re proud of the low prices customers find when shopping in our store,” a spokesperson said. “Amazon looks forward to responding in court at the appropriate time.”
The timing is notable. Bonta filed the preliminary injunction request in February; a hearing is scheduled for July 23, 2026. Full trial begins January 19, 2027 – one of at least three major Amazon antitrust trials now teed up for next year, including the FTC’s separate monopoly case (joined by 18 states and the DOJ) that also features allegations of algorithmic pricing tactics known internally as “Project Nessie.“
The Federal Trade Commission and 17 states sued Amazon in 2023, accusing the company of illegally maintaining a monopoly in online retail by squeezing merchants who sell on its site and prioritizing its own products. Those actions resulted in “artificially higher prices,” according to the government’s suit.
In September, the F.T.C. agreed to settle a lawsuit against Amazon that accused the company of making it difficult for consumers to cancel its Prime subscription service. Under the terms of the settlement, Amazon agreed to pay up to $2.5 billion — including $1 billion in penalties and additional payouts to consumers. It did not admit or deny wrongdoing. -NYT
Legal experts say the explicit emails could make this one of the more straightforward price-fixing cases in recent Big Tech history – though Amazon is expected to argue that vendors set their own prices and that its practices ultimately benefit consumers through lower prices and greater selection.
For now, the unredacted documents give regulators, lawmakers and the public a rare, granular look inside the mechanics of modern retail pricing power. Bonta’s office framed the release as a transparency win amid a national affordability crunch. “Amid a crisis of affordability,” the attorney general said, “Amazon is illegally working to rake in profits by making sure consumers have nowhere else to turn to for lower prices.”
Tyler Durden
Wed, 04/22/2026 – 17:00
Tesla Surges After Beating Expectations, Says “Rebound Of Demand” For EVs
Tesla Surges After Beating Expectations, Says “Rebound Of Demand” For EVs
Heading into today’s TSLA earnings, Wall Street was braced for a miss, with debate only around how big it would be. Well, it wouldn’t be an Elon Musk joint if there wasn’t some big twist, and sure enough, the stocks is soaring after hour on what can only be described as a very big, and very unexpected beat.
Here is what the company reported for the first quarter:
Rev. $22.39B, beating Est. $22.19B
Adj EPS 41c, beating Est. 34c, the second straight quarter Tesla’s earnings beat expectations.
EPS 13c vs. 12c Y/Y
Gross Margin 21.1%, beating Est. 17.7%
Auto Gross Margin Ex-Reg Credit 19.2% vs 12.5% Y/Y
Free Cash Flow positive $1.44B, beating est. Negative $1.86B
Perhaps the most interesting of the above, besides the modest beats in revenue (which benefited from positive FX impact of about $900 million in the quarter translating into $200 million at the bottom line; as well as higher average selling prices) and EPS, is that despite weak EV and energy unit sales, Tesla’s reported gross margins in both businesses are up. Generally, fixed costs spread over fewer units puts pressure on GPM, all else equal. The auto margin, less credits, of 19.2% is up q-o-q and y-o-y. In energy, despite lower revenue both sequentially and versus last year, Tesla reports what looks like a record gross margin for that business of almost 40%.
Yet while Tesla turned in higher auto gross margins than expected, given weak sales, that fades away when reading down the P&L: operating margin of just 4.2%.
Meanwhile, earnings continue to subsist heavily on a diet of regulatory credit sales, which in Q1 dropped to 381 million from $337 million a year ago, and net interest income.
And visually:
Here is the qualitative YoY comparison:
Starting at the top, it’s no surprise that that TSLA likes soaring gas prices, which have helped a “rebound in demand” in the core US market, to wit: “We saw continued growth in demand for our vehicles in markets in APAC and South America, while also seeing a rebound of demand in both EMEA and North America.”
The surprisingly optimistic comments come several weeks after the automaker reported one of its worst quarters of auto sales in years.
Here is how TSLA laid out its automotive business” We are focused on optimizing our vehicle product portfolio, with an emphasis on vehicles designed for a fully autonomous future. We continued the launch of Model 3 and Model Y trims globally, including the roll-out of the Model YL in markets outside of China and more affordable trims of both models. We also began deliveries of Cybertruck in the UAE.“
Unlike recent quarters, we didn’t have an “other updates” section with a surprise investment, there’s minimal change in language and if anything it projects a lot of confidence in core business. In short, a “no surprises, no drama” print.
One key metric that is also key to Elon Musk’s pay package, is active FSD subscriptions. They were up slightly this quarter to 1.28 million from 1.1 million at the end of 4Q, and up a whoppint 51% YoY.
There were some working capital issues: global inventory spiked to 27 days, up from 15 days, which was to be expected given that Tesla produced more than 50,000 cars than it delivered in 4Q, but still that’s a lot of inventory to clear.
And speaking of inventory, Tesla has overcapacity in its factories, so now the company is rolling out the Model YL (Long) in “markets outside of China” and more affordable trims of both models. It also began deliveries of cybertruck in the UAE.
While energy storage had been Tesla’s fastest-growing sector but that trend failed to continue into the first quarter, when year-over-year revenue slipped 12% and quarterly deployments of 8.8 gigawatt-hours were the lowest in a year. This is what it had to say about the business:
“Progress continued at the new Megafactory outside Houston, which will produce the Megapack 3 for Megablock. Start of production is on track for later this year. We began meaningful customer deployments of Tesla’s first in-house designed solar panel produced at Gigafactory New York. The new panel has 18 individual power zones – 3x more than a conventional residential panel – enabling it to reliably produce more energy in shady conditions. Other innovations include improved aesthetics and faster and simpler installation.”
Turning to the far more important robotics business, the company expects the first large-scale Optimus factory to start in Q2. The first generation line, designed for 1 million robots a year, will replace the Model S and Model X lines in Fremont. The company is also preparing Gigafactory Texas for the second-generation line, which is being designed for long-term annual production capacity of 10 million robots.
Turning to AI, Tesla said that “Cortex 2 is now online and has started running training workloads.” Tesla continues to ramp its onsite training infrastructure to ensure sufficient compute resources for the development of our AI products and services and “are also continuing our custom silicon development with Dojo 3 in an effort to reduce the cost of training over time.“
In the battery business, “ramp has begun across our new battery and material factories, including LFP cells in Nevada, cathode material and lithium refining in Texas.” Battery pack capacity continues to be the limiting factor on ramping our vehicle production the company said.
What is the company’s other supporting infrastructure? This is what it had to say: “Gigafactory New York is now producing V4 Supercharging cabinets, which boast 3x the power density and 2x the number of stalls per cabinet compared to V3. Alongside the ramp of Tesla Semi, we are deploying public Megachargers, including our first one in Southern California. While we aim to leverage as much of our existing investments as possible, we continue to build out our supporting infrastructure for our vehicle and mobility businesses, including Robotaxi expansion, across established and growth markets around the world. In Q1, we added over 2,200 net new Supercharging stalls, growing the network 19% year-over-year. This year we look to increase our presence in Japan by doubling our service centers and expanding our Supercharger coverage in the world’s third largest vehicle market”
The company’s outlook was generally very favorable:
Volume: “We are focused on maximum capacity utilization at our factories. Deliveries and deployments will be impacted by aggregate demand for our products, supply chain readiness and allocation decisions between sale to customers or use for our owned and operated fleet.”
Cash: “We will manage the businesses such that we ensure a strong balance sheet, maintaining sufficient liquidity to fund our product roadmap, long-term capacity expansion plans – including further vertical integration – and other expenses.”
Profit: “While we continue to execute on innovations to reduce the cost of manufacturing and operations, over time, we expect our hardwarerelated profits to be accompanied by an acceleration of AI, software and fleet-based profits.”
Product: “We continue to evolve and augment our product lineup with a focus on cost, scale and future monetization opportunities via services powered by our AI software. We remain focused on growing our sales volumes through a differentiated and efficiently managed product portfolio, which includes leveraging and optimizing our existing production capacity before building new factories and production lines. Cybercab, Tesla Semi and Megapack 3 are on schedule for volume production starting in 2026. First-generation production lines for Optimus are being installed in anticipation of volume production. Capacity build out and ramp related to our multi-year infrastructure initiatives, including AI compute, solar, battery material and semiconductor manufacturing are underway.”
There was yet another sign of convergence between Elon Musk’s companies:
“Our partnership with SpaceX aims to build the largest chip fab ever: vertically integrating logic, memory and advanced packaging to allow for rapid iteration as we anticipate greater chip demand than what existing and planned industry capacity can accommodate. This begins with the Tesla-owned Research Fab on our Gigafactory Texas campus.”
As for Terafab, we already knew that this mega project would start with a pilot line. But what’s interesting is this is Tesla’s and not a part of the joint-venture with SpaceX/xAI. Here’s what the deck says:
“This begins with the Tesla-owned Research Fab on our Gigafactory Texas campus.”
Last but not least, TSLA surprised the market by reporting a positive free cash flow…
… but Tesla pulled a number of levers:
Stock-based comp nearly 2x, year-over-year
Big swing in accounts payable and receivables add ~$1.9B, offsetting much of the big inventory headwind
Most of all, capex at just $2.5B, or only about half the run-rate implied by guidance
Also don’t expect free cash flow to remain positive: Tesla is working to ramp up production as part of a more than $20 billion spending plan this year. For the first three months of the year, however, Tesla spent less than $2.5 billion, half the outlay the company will need to average per quarter to reach its expenditure forecast for the year. This contributed to Tesla posting $1.4 billion in positive free cash flow for the quarter, far better than analysts’ expectation that the carmaker would burn through almost $1.9 billion.
Looking ahead the company is excited “about Tesla’s positioning in 2026 with tailwinds persisting for the autos business, our continued progress on FSD (Supervised), the ramp of Robotaxi, progress on Optimus ahead of mass production and the growth of our energy production capacity”
Amusingly, TSLA’s outlook slide didn’t have a single number in it.
Judging by the stock reaction, the market is also excited, and as Interactive Brokers Chief Strategist Steve Sosnick writes, this print is “good enough.” He highlighted the adjusted profit and revenue beats as well as the “surprise” positive flip to free cash flow. “The car business improved, and there is nothing that disrupts the futurism that juices Tesla’s valuation. Now it’s up to what Musk says on the call”
Others, like Adam Sarhan, of 50 Park Investments, were also happy: “The real story isn’t just these numbers — it’s the execution on the roadmap. The trajectory feels constructive. Longer term, I’m still very bullish on Tesla’s positioning in AI, robotics, and energy. These results show resilience and set up better comps ahead. The market will digest the forward commentary tonight, but the fundamentals are pointing up.”
That said, the initial euphoric reaction may moderate if analysts interrogate this idea of rebounding demand on the earnings call, given that Tesla has loads of cars in inventory right now.
Tyler Durden
Wed, 04/22/2026 – 16:46
https://www.zerohedge.com/markets/tesla-surges-after-beating-expectations-says-rebound-demand-evs
“Civic Action Requires More Than Textbooks”: Chicago To Subsidize May Day Protests By Teachers
“Civic Action Requires More Than Textbooks”: Chicago To Subsidize May Day Protests By Teachers
The Chicago Public Schools are facing a major truancy problem…among teachers.
The Chicago Teachers Union (CTU) was up in arms over suggestions that classes should be held on May 1 when teachers wanted to be out protesting.
Called International Workers’ Day, May Day is a global day of protest for socialist, communist, and unionist groups.
The CTU was upset when parents objected that canceling a day of class for teachers to join a political protest was a burden for working parents. These teachers believe that they are teaching something far more important through their activism. In defending the demand for publicly subsidized protests, CTU Vice President Jackson Potter explained that “teaching our students what civic action looks like requires more than textbooks.”
While that does not help with the dismal proficiency scores of actual students, it is vital to training students as political foot soldiers.
The CTU and the National Education Association recently collaborated on a “curriculum build” to bring “social justice into the classroom” ahead of May Day. Dave Stieber, a history teacher in Chicago Public Schools is shown declaring that “May Day is a dress rehearsal for maybe there’s a random day in, you know, June that we all are, like, no work, no school, no shopping…So this is a continuation and a buildup of that.”
In the meantime, with only 2 of 5 students reading at grade level, the Chicago teachers chose to lower proficiency levels rather than improve their teaching record.
While failing on actually teaching students, the CTU is proficient at instructing politicians such as Mayor Brandon Johnson through the use of union dues to fund Democratic campaigns. The CTU and other teachers’ unions funneled millions into Johnson’s campaign. By one estimate, 93 percent of Johnson’s campaign budget came from unions.
The CTU has long held the distinction of being the most radical teachers’ union in the country. It was a CTU delegation that went to Venezuela during the Maduro regime to praise conditions under socialism. In a country where dissenters and reporters were being jailed and killed, the Chicago teachers gushed about how “we did not see a single homeless person!”
Chicago area teachers have been charged with violent protests.
Suggesting that teachers should work rather than attend May Day protests set off the Chicago teachers. Now, the union has confirmed that classes will be held without the participating teachers, and Chicago Public Schools will pay for buses for both students and educators to go to the protests.
The city further promised that there would be no repercussions for either students or teachers playing hooky from school.
This is not the first time unions and teachers have allowed students to skip classes to support left-wing protests. In New York, teachers and students were allowed to skip school to demand a ceasefire in Gaza. Previously, students were allowed to skip school to protest climate change.
These school districts do not show the same participatory support for protests on the right. There is no accommodation or city-subsidized buses for pro-life protests or demonstrations in favor of Israel.
Nevertheless, the Chicago school system is declaring that this is what schooling is all about in the Windy City. CPS CEO Macquline King stated that “the agreement honors the proud history of civic action in Chicago and beyond.”
Decades ago, my parents helped create an organization to stem the exodus of families from public schools and to reinforce academic standards in the Chicago Public School system. They convinced more families to remain in the system because they believed (as I do) that public schools can play a critical role in shaping citizens through a diverse and shared experience.
I was long skeptical of voucher systems because of that commitment to public education. However, teacher unions and administrators are destroying public education in America. They are treating families as captive audiences while infusing education with social and political agendas. The only way to break this decades-long cycle of failure, in my opinion, is to give families alternatives by allowing them to send their children to schools with core educational (as opposed to advocacy) priorities.
Nevertheless, Mayor Johnson celebrated the funding of the May Day protests:
“We are pleased all parties are working together to ensure school communities can participate in commemorating International Workers Day…Encouraging participating allows Chicagoans to honor our history while advocating for our future. We look forward to a day of meaningful solidarity and community resistance to the forces trying to tear us apart.
Schools have long been a target for indoctrination by radical elements. The Cultural Revolution in China was the most extreme example where children were forced into protests and taught that political activism came before scholastics under the slogan “to rebel is justified.”
Mao declared that “our educational policy must enable everyone who receives an education to develop morally, intellectually and physically and become a worker with both socialist consciousness and culture.”
In the CTU/NEA seminar, Kirstin Roberts, a pre-school teacher in Chicago Public Schools, is shown explaining that the purpose is to “encourage teachers of young children not to feel like this is stuff that’s way beyond their students, not to be afraid of raising up social justice issues, including workers’ rights, anti-racism, pro LGBT, LGBTQIA plus issues, immigration and immigrants rights.”
The erosion of the line between education and advocacy is now occurring on every level of our educational system. Some universities now have “resident activist” programs or offer degrees in advocacy.
In my book Rage and the Republic, I discuss the rise of the “new Jacobins” in the United States, including a cadre of radical educators who use our schools to pursue fundamental changes in our constitutional system. Law professors and deans are now calling for trashing our Constitution as a threat to the nation while teachers are using classes to radicalize students.
Chicago’s subsidy of May Day protests uses public funds in the struggling school system to foster radical political agendas. It removes any doubt for parents about the priority of Johnson, the CTU, and many of these teachers.
Some of the sentiments expressed in Chicago could have been ripped from Mao’s Little Red Book and speeches. He insisted “education must serve proletarian politics” and demanded “the period of schooling should be shortened, education should be revolutionized.”
In Chicago, the “period for schooling” is now being shortened in favor of “solidarity and community resistance.” While the students may not be able to actually read, they will learn the three R’s of modern education: resisting, raging, and rebelling.
Jonathan Turley is a law professor and the best-selling author of “Rage and the Republic: The Unfinished Story of the American Revolution
Tyler Durden
Wed, 04/22/2026 – 16:20
‘Alligator Alcatraz’ Can Continue Operating, Appeals Court Says
‘Alligator Alcatraz’ Can Continue Operating, Appeals Court Says
Authored by Troy Myers via The Epoch Times,
A federal appeals court on Tuesday pulled a judge’s previous order to dismantle the high-profile detention center in the Florida Everglades for illegal immigrants, known as “Alligator Alcatraz.”
In a 2–1 ruling, the U.S. Court of Appeals for the 11th Circuit sided with the Trump administration’s argument that there was minimal federal involvement in the facility’s construction, so a federal environmental review was not warranted.
“Using state employees and state funds, Florida officials, on their own initiative, constructed a detention center at an airport on state property in the Florida Everglades,” court documents showed.
Two environmental groups, Friends of the Everglades and the Center for Biological Diversity, joined the Miccosukee Tribe, which has villages close to the facility, in challenging construction of Alligator Alcatraz.
The groups accused state and federal officials of rushing to build the facility and failing to conduct an environmental review as required under the National Environmental Policy Act.
That federal law, passed in 1970, requires federal agencies to evaluate environmental impacts of proposed major construction.
Construction began last year on the facility, located at the Dade-Collier Training and Transition Airport in the Everglades, to assist with the Trump administration’s immigration enforcement and detainment of illegal aliens.
A lower court in August sided with the environmental groups and the Miccosukee Tribe, ordering officials to halt construction and even undo some work that had already been finished. But the higher court’s Tuesday order lifted that.
Federal authorities inspected the site for compliance with federal standards, court documents said, but this wasn’t enough to trigger a federally mandated environmental review.
“Because the environmentalists and Tribe failed to prove either a final agency action or federal control, and because the injunction, in part, violates a statutory prohibition of enjoining immigration enforcement, we vacate and remand,” Chief Judge William Pryor wrote in the federal appeals court ruling.
The 11th circuit has now twice lifted orders to halt construction—Tuesday’s ruling and again back in September.
“Victory secured against activist judge who held me in contempt,” Florida’s Attorney General James Uthmeier wrote on X in response to the 11th circuit’s September decision.
“A win for Florida and President [Donald] Trump’s agenda!”
Friends of the Everglades and the Miccosukee Tribe did not immediately respond to a request for comment.
The Center for Biological Diversity, however, issued a news release Tuesday in response to the latest legal development, calling it a “temporary” setback.
Wildlife and ecosystems remain imperiled, the group said.
“This disappointing decision won’t stop our challenges to the numerous environmental violations that the Trump administration is overseeing there,” Elise Bennett, director and senior attorney at the Center for Biological Diversity, said. “We’ll keep fighting because the Trump and DeSantis administrations’ obsession with sacrificing our Everglades, endangered panthers and wild waters to their cruel detention center is utterly indefensible.”
The groups further argue there was enough federal involvement to warrant a federal environmental review. The Center for Biological Diversity said FEMA committed hundreds of millions of dollars to Florida for building and operating the facility.
Eve Samples, executive director of Friends of the Everglades, had a statement in the news release as well, saying, “This fight is far from over.”
“Alligator Alcatraz was hastily erected in one of the most fragile ecosystems in the country without the most basic environmental review, at immense human and ecological cost,” she said.
Samples added that she is pursuing every legal avenue available to shut down Alligator Alcatraz.
Tyler Durden
Wed, 04/22/2026 – 15:50
https://www.zerohedge.com/political/alligator-alcatraz-can-continue-operating-appeals-court-says
Tesla Earnings Preview: “Braced For A Miss”
Tesla Earnings Preview: “Braced For A Miss”
Tesla reports after the US market close on Wednesday and according to the UBS trading desk, there has been very little discussion around TSLA lately, with the stock drifting 14% lower for most of the year until last week, when it squeezed higher to trade just below $390.
The company has been the laggard among mega-cap peers despite still-lofty expectations. Consensus points to 1Q revenue of about $22.7 billion, with adjusted EPS around 38 cents and roughly 25 cents on a reported basis, even as deliveries of about 358,000 vehicles missed forecasts and flagged softer core auto demand. Analysts still expect a sharp rebound, with roughly 30% profit growth and a 15% increase in revenue.
Markets will likely overlook near-term weakness but focus heavily on what’s next: Investors are looking for updates on the robotaxi rollout, AI and robotics, as well as clarity on cash burn tied to a planned step-up in capex to as much as $20 billion this year. The disconnect is stark: as Bloomberg notes, a cyclical slowdown in autos versus an equity story still priced on long-duration growth, reflected in valuation metrics that are stretched across the board (roughly 184x forward earnings, ~15x sales and over 100x EV/EBITDA).
Taking a step back, the good news for Tesla – and the broader market – is that earnings revisions for the S&P 500 continue to trend higher for 2026 and 2027, even if largely concentrated in a handful of AI stocks – and early results have been solid, with a strong beat rate. But the reaction function is fading. According to Bank of America, stocks are no longer rewarding top and bottom line beats as they typically do, suggesting a high bar for earnings driven gains as the index hovers near all-time highs.
Tesla, as one of the highest-duration names in the market, becomes a key test of that dynamic. If management reinforces the AI/autonomy narrative and justifies elevated capex, it supports the broader recovery in tech. But the overhang remains what is going on with Iran and the state of peace talks. This is not a market driven by idiosyncratic earnings. Netflix’s 10% drop alongside rising indexes underscores that geopolitics are taking precedence.
UBS analyst Joe Spak upgraded TSLA from Sell to Neutral last week as the stock reached his price target, and now sees a more balanced risk/reward profile – near‑term demand challenges and an investment phase offset by a longer‑term physical AI opportunity.
For 1Q, Spak expects an EPS miss, which is unlikely to be a surprise. UBS is modeling adjusted EPS of $0.33 versus $0.44 consensus. However, Spak believes the buy side is already braced for a miss based on 1Q26 delivery data, particularly weaker energy storage deployments.
Spak is modeling auto gross margins (ex‑credits) of 16.1% versus 15.5% consensus, believing FSD could help keep margins slightly elevated. If Tesla books an IEPPA receivable this quarter, that could further support gross margins and provide upside to expectations. Otherwise, Spak expects updates on Tesla’s long‑term vision, primarily focused on Robotaxi, Optimus, FSD, and the TeraFab.
Key areas where UBS expects additional detail include:
Color on demand trends across all regions
Reasons behind the energy storage deployment miss and implications for the balance of the year
Updates on Robotaxi deployment across additional cities
Progress on Gen 3 Optimus
Capex outlook not only for 2026 but beyond, including funding plans (TeraFab, solar, etc.)
Progress on the six factories TSLA plans to build this year
Commentary on commodity and logistics costs
Tune in shortly after the close for the full results.
Tyler Durden
Wed, 04/22/2026 – 15:34
https://www.zerohedge.com/markets/tesla-earnings-preview-braced-miss
Duffy Seeking $10 Billion From Congress To Revamp Air Traffic Control System
Duffy Seeking $10 Billion From Congress To Revamp Air Traffic Control System
Authored by Aldgra Fredly via The Epoch Times,
U.S. Transportation Secretary Sean Duffy said on April 21 the department requires $10 billion in additional funding from Congress to overhaul the nation’s air traffic control with a new software system.
Duffy told Reuters in an interview that the additional funding would go toward developing new software aimed at improving the efficiency of air travel and reducing flight delays.
“This tool lets us see and then spread flights in a way that allows for way less disruption,” he told the news outlet. “We could fix this.”
Congress allocated $12.5 billion last year under the One Big Beautiful Bill to upgrade air traffic control infrastructure and equipment to enhance aviation safety. At an April 21 event, Duffy provided an update on the project, saying it is expected to be completed in about two and a half years.
Duffy said the Federal Aviation Administration (FAA) has replaced nearly 50 percent of copper wires, converted 270 radio sites nationwide, installed new surface awareness systems at 54 airports, and transitioned 17 towers to electronic flight strips using the allocated budget from Congress.
“We are going to need more money for the software side of this build,” he said at the event.
“Congress is … going to have to find a pathway to get us the rest of that money. It’s going to take us time to develop it, deploy it, debug it, train on it. And so getting that software started now, hopefully as our build completes with all of the infrastructure, we will have the technology of the software ready to meet up in two and a half years and have a brand new system for America to use.”
The Transportation Department said in January the overhaul would involve launching an airspace modernization office to oversee the installation of a new air traffic control system and creation of an advanced aviation technologies office to oversee the integration of drones and other air mobility vehicles into U.S. airspace.
The FAA will also move more key leadership posts to permanent roles and consolidate management of finance, information technology, and human resources under the administrator, according to the Transportation Department, adding that the restructuring will not lead to workforce reductions.
Multiple safety-related incidents happened at airports over the past year due to equipment issues. In May 2025, air traffic controllers in Denver were forced to switch to emergency backup frequencies after they lost contact with aircraft for about 90 seconds. The controllers had to use emergency backup because both primary and main backup frequencies went down.
Another incident took place in late April 2025, when controllers overseeing Newark Liberty International Airport lost contact with planes for about 30 seconds, leading to flight delays.
Tyler Durden
Wed, 04/22/2026 – 15:20













