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close video Warren Buffett’s economic outlook is ‘quite concerning’ for oil: Andy Lipow

Lipow Oil Associates President Andy Lipow discusses what a U.S. recession means for oil prices on ‘The Claman Countdown.’

Warren Buffett’s Berkshire Hathaway purchased 9.9 million shares of Capital One Financial Corp. and dropped its stakes in the Bank of New York Mellon and U.S. Bancorp, according to a regulatory filing.

The Capital One stake would be worth $954 million, based on the closing price on March 31.Ticker Security Last Change Change % COF CAPITAL ONE FINANCIAL CORP. 90.94 +1.80 +2.02%

BERKSHIRE HATHAWAY'S WARREN BUFFETT SPEAKS POSITIVELY ABOUT ELON MUSK

Berkshire also disclosed a $41.3 million stake in Diageo Plc, the maker of alcoholic beverages including Johnnie Walker and Guinness, in Monday's filing.

Meanwhile, Buffett's company was a net seller of stocks in the quarter, buying $2.87 billion and selling $13.28 billion as it devoted resources elsewhere, including $8.2 billion to boost its stake in truck stop operator Pilot Travel Centers to 80% from 38.6%.

According to the filing, nearly half of Berkshire’s stock sales were in Chevron Corp and Occidental Petroleum, although Buffett maintains a 23.7% stake in Chevron.

Chevron Corp’s refinery is shown in Richmond, California August 7, 2012. (REUTERS/Robert Galbraith/File Photo / Reuters Photos) Ticker Security Last Change Change % CVX CHEVRON CORP. 153.54 -3.69 -2.35%OXY OCCIDENTAL PETROLEUM CORP. 58.13 -0.39 -0.67%

BERKSHIRE HATHAWAY'S CHARLIE MUNGER SHARES AI SKEPTICISM, WARREN BUFFETT COMPARES TECH TO 'ATOM BOMB' 

Berkshire Hathaway CEO Warren Buffett speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting on May 5, 2019, in Omaha, Neb. (AP Photo/Nati Harnik)

Despite the quarter’s high volume of stock sales, Berkshire still invested in several financial services companies including Bank of America and American Express, where Berkshire's respective $29.5 billion and $25 billion stakes make them its largest stock holdings other than a $151 billion stake in Apple.Ticker Security Last Change Change % BAC BANK OF AMERICA CORP. 27.36 -0.29 -1.07%AXP AMERICAN EXPRESS CO. 148.43 -1.58 -1.05%

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Reuters contributed to this report. 

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Science

NASA to Launch First Quantum Sensor for Gravity Monitoring in Space

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NASA to Launch First Quantum Sensor for Gravity Monitoring in Space

NASA’s Jet Propulsion Laboratory, commercial companies, and academic institutions together are developing the first space-based quantum sensors for gravitational measurement. Two groups of very cold rubidium atoms will be used as weights for the Quantum Gravity Gradiometer Pathfinder (QGGPf) instrument, ensuring accurate measurements over long periods. Measuring gravity with a volume of 0.3 cubic yards (0.25 cubic meters) and weighing just over 275 pounds (125 kg), the instrument will be smaller and lighter than conventional space-based gravity instruments.

Quantum sensors offer enormous promise for sensitivity; estimates suggest they could be as much as ten times more sensitive in tracking gravity than conventional sensors. Approved to begin at the end of the decade, the technology validation project aims to test novel atomic-scale atomic manipulation of interactions between light and matter. To progress the sensor head technology and the laser optical system, NASA is working with small companies. The QGGPf instrument could lead to planetary science and fundamental physics applications.

NASA’s Quantum Gravity Sensor to Reveal Earth’s Subsurface

According to a NASA post, the Jet Propulsion Laboratory, private companies, and academic institutions are developing the first space-based quantum sensor for measuring gravity. This mission, supported by NASA’s Earth Science Technology Office (ESTO), will pave the way for groundbreaking observations of everything from petroleum reserves to global supplies of fresh water. Its gravitational field is dynamic and changing every day as geologic processes distribute mass throughout its surface. Sensitive instruments called gravity gradiometers can map the subtleties of Earth’s gravitational field and link them to belowground structures such as mineral deposits and aquifers.

The Quantum Gravity Gradiometer Pathfinder (QGGPf) instrument will use two clouds of ultracold rubidium atoms as test masses. The difference in acceleration between these matter waves will measure the difference in acceleration between these matter waves to locate gravitational anomalies. This system allows for space-based gravity measurements to remain accurate over long periods and is smaller and lighter than traditional space-based gravity instruments.

NASA Tests Atomic-Scale Tech to Advance Space Sensors and Earth Science

The main purpose of this technology validation mission is to test a collection of novel technologies for manipulating interactions between light and matter at the atomic scale. With JPL partnering with AOSense and Infleqtion to enhance sensor head technology and NASA’s Goddard Space Flight Center working with Vector Atomic to advance the laser optical system, the project involves notable partnerships between NASA and a few quantum-focused entrepreneurs.

Ultimately, the findings of this Pathfinder project might increase our capacity to explore Earth, understand far-off worlds, and value the role gravity plays in creating the universe.

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Science

NASA’s Hubble Shares Detailed Mosaic of the Sombrero Galaxy

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NASA’s Hubble Shares Detailed Mosaic of the Sombrero Galaxy

NASA’s Hubble Space Telescope, on its 35th anniversary, reprocessed a detailed image of the Sombrero Galaxy (Messier 104) on April 11, shared by the European Space Agency. This improvised image, generated from numerous Hubble images, signals fine dust structures, the luminous galactic nucleus with a backdrop occupied by stars and various distant galaxies. This mosaic, taken from the updated data and refined processing techniques, makes it a significant upgrade to previous Hubble observations. This release marks a milestone in the so-far legacy of the Hubble Space Telescope, showcasing the evolution of modern techniques and escalation into archival space imagery.

Research and Discovery

Katie Noll and other scientists of the European Space Agency worked in collaboration with NASA using the Hubble Space Telescope. New imaging technology and methods were used to build upon the original Hubble image released in October 2003. On November 25, 2024, the James Webb Space Telescope also offered a fresh image and perspective on the galaxy, further enriching the research.
The Sombrero Galaxy is located about 30 million light years away in the Virgo constellation and is renowned for its unique shape that resembles a sombrero hat. Its sharp and edgy orientation, titled just six degrees, throws a dramatic view with a dust-laced disc and a brightening central bulge.

Structure and Star Formation

In terms of star formation, the Sombrero Galaxy is visually rich but surprisingly calm. Within its dusty disc, less than one solar mass is transformed into stars every year. This galaxy is so silent that even its massive black hole, with a weight of nine billion solar masses, stays inactive or dormant. Looking into the structure of the galaxy, it is baffling as it displays the classic disc of spiral galaxies.
However, it also features a halo and bump similar to those of elliptical galaxies. This uneven combination leaves scientists unsure of whether it should be kept in the category of elliptical or somewhere in between.

Future Exploration

The crucial part is analysing the chemical composition of stars in the galaxy’s halo. In the precise measurements done by Hubble there revealed an astonishing presence of metal-rich stars was revealed in its outer region. Researchers believe that the Sombrero Galaxy could have blended with other large galaxies billions of years ago, resulting in the mysterious hybrid structure observed in the present.

Scientists are looking forward to fusing Hubble’s optical data with infrared imaging from the James Webb Space Telescope for future investigation of the galaxy’s structure. This multi-wavelength research could unleash deeper insights about its formation and clarify how galaxy mergers can shape its evolution.

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Politics

Who’s nicer – Lords or MPs?

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Who's nicer - Lords or MPs?

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

The two baronesses of the podcast finally lift the lid on the House of Lords in this special Q&A episode. What’s it really like on the red benches in parliament? And if you’re a Lord, are you a has-been?

Also – was Tony Blair actually cool in the 90s? Or was it just a more optimistic time in politics?

Come and join us LIVE on Tuesday 20th May at Cadogan Hall in London, tickets available now: https://www.aegpresents.co.uk/event/electoral-dysfunction-live/

Remember you can also watch us on YouTube!

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