Fortune
Supermicro’s co-founder was just arrested for allegedly smuggling $2.5 billion in GPUs to China
Supermicro co-founder and board member Yih-Shyan "Wally" Liaw has been arrested on charges of allegedly smuggling $2.5 billion worth of GPUs to China, in a case with significant national security implications. The arrest compounds existing scrutiny on the company, which previously weathered an accounting scandal in 2018 that prompted Liaw's resignation from the board. For Supermicro, a key server partner to Nvidia, the development threatens to intensify regulatory and reputational pressure at a critical moment in the AI hardware race.
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Fortune
The SEC may be about to blow up the quarterly earnings cycle. Here’s why CFOs are nervous.
The SEC is weighing changes to mandatory quarterly earnings reporting, a practice that has defined corporate America and investor behavior for half a century. For CFOs, the shift threatens to upend financial planning, investor relations, and disclosure strategies built around the predictable four-times-a-year drumbeat. The stakes are high: how companies communicate performance to markets could be fundamentally rewired.
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Bloomberg
Pentagon Seeks $200 Billion for Campaign Against Iran
The Pentagon has requested an additional $200 billion from Congress to fund its military campaign against Iran, with Defense Secretary Pete Hegseth maintaining the operation is proceeding ahead of schedule. Defense analysts point to missiles as the primary growth driver in the defense market, signaling significant procurement demand ahead. The massive supplemental funding request underscores the scale of U.S. military commitment and the long-term financial stakes of the conflict.
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