Author: Verified News Online

Michael Burry’s Scion Asset Management recently placed $1.1 billion in bets against Nvidia and Palantir, managing roughly $1.38 billion total Michael Burry, the real-life investor immortalised by Christian Bale in The Big Short (2015), built his reputation on one of the most daring financial calls in modern history. Long before the 2008 financial crisis hit, Burry identified the fragility of the US mortgage-backed securities market and positioned his hedge fund, Scion Capital, to profit from its collapse. When the crash came, he and his investors made hundreds of millions of dollars. Originally trained as a medical doctor, Burry’s passion for markets began while studying at Vanderbilt University School of Medicine. His transition from medicine to money management was grounded in deep, data-driven value investing and rigorous fundamental analysis. By the time he launched Scion Capital in 2000, his contrarian instincts had already set him apart. Even during the dot-com crash, his fund po..

Varun Vummadi and Esha Manideep announced $61M fund for their San Francisco startup but the comment section was filled with trolling. IIT Kharagpur graduates and Forbes 30 Under 30 alums Varun Vummadi and Esha Manideep were subjected to vicious trolling as they released their video announcing that their San Francisco-based startup Giga has raised $61 million. They were trolled for their appearance, their accent and also their project as it has a call center connection. But there were enough voices to school the trolls that there are many “attractive” people on this planet but not everyone has a purpose. Giga, the Indian duo's voice AI startup, is already working with food delivery company DoorDash. With the fresh funding, the company is looking to scale up usage within Fortune 100 enterprises and grow its team. Giga creates AI systems capable of handling live interactions for large businesses. In the video that they released, the CEO described how their AI functions within two wee..

AdvertisementAfricaWorldAfricaSudan’s paramilitaries agree to US proposal for humanitarian ceasefireThe conflict has sparked international concern after witnesses say the RSF killed and abducted civilians in the recent capture of El-Fasher
Reading Time:2 minutesWhy you can trust SCMPReutersPublished: 7:41am, 7 Nov 2025Sudan’s paramilitary Rapid Support Forces agreed to a proposal from the United States and Arab powers for a humanitarian ceasefire and is open to talks on a cessation of hostilities, it said on Thursday in a statement.
AdvertisementBoth the RSF and the Sudanese army have agreed to various ceasefire proposals during their two-and-a-half-year-old war, though none have succeeded. US President Donald Trump’s administration has said it was working towards ending fighting in Sudan.
The announcement, which the Sudanese army did not immediately respond to, comes less than two weeks after the RSF took over the famine-stricken city of El-Fasher, consolidating its control over the v..

AdvertisementChina’s private sectorBusinessChina BusinessFosun brings UK particle therapy to mainland China in push for advanced cancer careThe US Food and Drug Administration-approved Marie system promises human-centred care, advanced technology and lower costs
Reading Time:2 minutesWhy you can trust SCMPDaniel Renin ShanghaiPublished: 7:30am, 7 Nov 2025Fosun Pharmaceutical, a leading healthcare group, has taken a substantial step towards introducing particle therapy systems to hospitals in mainland China, aligning with Beijing’s efforts to make advanced medical treatment accessible to cancer patients across the country.AdvertisementThe Shanghai-based company, a subsidiary of China’s non-state-owned conglomerate Fosun International, formed a partnership with Leo Cancer Care on Thursday, pledging to distribute the UK firm’s Marie medical facilities in the world’s largest consumer market. The deal came three months after the UK company secured regulatory clearance for the Marie system f..