Aurelia Butler

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    CoreWeave Scales Back Ambition for Its I.P.O.

    The company, which originally expected its shares to be priced between $47 and $55, will ask for $40 a share in a sign of stock market uncertainty.When CoreWeave, the cloud computing company vying to become the first major artificial intelligence start-up to go public, filed paperwork for a public listing earlier this month, it was a mark of optimism in an otherwise rocky market for I.P.O.s.But now that optimism has faded as the New Jersey-based CoreWeave significantly reduced the size and value of its offering on Thursday. The company is now expected to price its shares at $40 when it begins trading on Friday, according to the company, down from recent estimates in filings that its shares would be priced at $47 to $55 a share.Initially expected to raise around $4 billion at a $35 billion valuation, the company seeks to raise $1.5 billion in its offering Friday and would be valued at $19 billion.The reduced offering is a sign of a slumping stock market clouded by uncertainty around inflation and President Trump’s tariffs. And it reflects broader concerns around the development of A.I. in a slowing economy, as stock in Nvidia, the prized chip maker that is an investor in and supplier for CoreWeave, has fallen 7 percent since Wednesday.“It has been a brutal time for markets in general,” said Samuel Kerr, the head equity capital market analyst at the financial insight firm Mergermarket. “It shows you that there is very little appetite to put forward this kind of risk transaction at the moment.”While CoreWeave will be the first major A.I. company to go public, it is not a true litmus test for A.I. offerings, which will fall to the industry’s start-up standard bearers like OpenAI and Anthropic, the makers of chatbots popular with millions of users.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Elon Musk and DOGE Aides Try a Charm Offensive in Fox News Interview

    Elon Musk tried a charm offensive in an interview that aired Thursday on Fox News.Mr. Musk and several top aides at the Department of Government Efficiency sat with Bret Baier, portraying themselves as public servants who just want to help improve America’s balance sheets.“At the end of the day, America is going to be in much better shape,” Mr. Musk said. “America will be solvent. The critical programs that people depend upon will work, and it’s going to be a fantastic future.”Democrats have repeatedly criticized Mr. Musk’s effort to shrink the federal government, warning that critical government services will be cut, and federal judges have struck down some of his team’s steps to fire thousands of federal workers. The interview seemed part of a public-relations campaign by Mr. Musk and his team to present their work on more friendly terms.“I’m blessed with four beautiful children, my wife and I,” said Tom Krause, the chief executive of Cloud Software Group who is leading the department’s efforts to review the Treasury Department’s payment systems. “But we have a real fiscal crisis, and this is not sustainable. And what’s worse, back to my children and everyone else’s children, we are burdening them with that debt. And it’s only going to grow.”Mr. Musk, the world’s wealthiest man, said his team was trying to reduce the deficit by $1 trillion, and to cut $4 billion every day. He said he expected to accomplish “most of the work” within the first 130 days, which aligns with the amount of time a “special government employee” is permitted to serve.Mr. Musk was joined by seven men on his team, a group that includes Steve Davis, a longtime loyalist of Mr. Musk’s who largely handles the daily operations of the department, and Joe Gebbia, a fellow billionaire and co-founder of Airbnb. Mr. Musk has been very visible, often appearing at President Trump’s side, but most of his aides have kept low profiles. Mr. Davis, who worked for Mr. Musk at SpaceX and his social media platform X, had not participated in any interviews since he started working in the government. More

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    Review: ‘Picture of Dorian Gray,’ Starring Sarah Snook and 3 Million Pixels

    The “Succession” actress plays all 26 roles in this Oscar Wilde classic reimagined as a video spectacle. If only there were less screen time and more IRL contact.An LED screen more than 16 feet tall. Four smaller ones drifting like clouds. Another that has a kind of walk-on cameo. Five camera operators with their electronic burdens. Nine people dashing every which way with wardrobe, wigs and whatnot. Three million pixels, in case you’re counting. Sixteen million colors. Two cellphones, at least on a recent glitchy night when the first malfunctioned. And one Sarah Snook.Or rather a multitude of Snooks.These are among the many wonders you’ll find onstage at the Music Box Theater, where a technologically spectacular adaptation of “The Picture of Dorian Gray,” with Snook playing 26 roles, opened on Thursday.What you won’t find is “The Picture of Dorian Gray.”The 1890 magazine story by Oscar Wilde, which he novelized in 1891, has proved irresistible to adapters, thanks to its nifty plot device: a portrait that ages instead of the sitter. The more the gorgeous Dorian Gray falls under the decadent influence of Lord Henry Wotton, the uglier the painting by Basil Hallward becomes.To get to that plot, though, adapters have to adapt out a lot because what Wilde wrote is less the psychological thriller they imagine than a perfumed treatise on aesthetic philosophy. Another thing usually sacrificed is the homosexual undercurrent, which, even after expurgation by the story’s first editors, was deep enough to drown in. Convicted of “gross indecency” in 1895, Wilde was sentenced to two years’ imprisonment, with hard labor, and died, just 46, in 1900. “Dorian Gray” was part of the evidence.Like the 1945 M-G-M movie, the current adaptation, written and directed by Kip Williams, downplays the treatise aspects. The queerness, though, is frank if complicated, in part because Snook, an Emmy-winning star of “Succession,” is still a woman while playing a man. Or not even a man. Her cherubic, shiny-cheeked Dorian is less the godlike 20-year-old of the novel than a barely pubescent boy.Snook provides specificity for each character: Her Wotton has a wonderful slouchy physicality, her Hallward nervous and twitchy, her Dorian (top of image) beamish.Sara Krulwich/The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    NYT Crossword Answers for March 28, 2025

    Zhouqin Burnikel returns to deliver a Friday puzzle that is packed with misdirected clues.Jump to: Tricky CluesFRIDAY PUZZLE — It’s been nearly five months since we’ve seen a puzzle from Zhouqin Burnikel, and I, for one, am very glad she’s back. Ms. Burnikel has a way of filling her puzzles with lively entries and — for her late-in-the-week puzzles, where the high-wire walks happen — packing the clues with all sorts of twisty misdirection. In fact, I enjoyed the cluing in today’s puzzle so much that I’m going to address a larger-than-normal selection of the hints. I hope you admire them as much as I do.And don’t forget to enjoy the triple stacks, both vertical and horizontal. All 12 entries are winners, and there is no junk in the grid at all.This is Ms. Burnikel’s 81st crossword in The New York Times. I highly recommend savoring it.Tricky Clues11A. This [Story of a lifetime?] really encompasses an entire lifetime: It’s an OBIT.15A. When a business is going down, it’s bad news for the owner. Not in this case, though. The [Sort whose business is going way down?] is a SCUBA DIVER, because divers make it their business to go way down into the sea.25A. [Sinks one’s teeth into?] sounds as if we were supposed to be thinking about eating something delicious, but these teeth are those on a saw. The answer is SAWS UP.28A. The worker in [Worker’s performance that informs the colony of a nearby nectar source] is not human, but a bee. And it performs a wiggly dance called a BEE DANCE, or waggle dance, that essentially says, “This way to the nectar.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump Targets WilmerHale, Citing Law Firm’s Connection to Robert Mueller

    President Trump moved on Thursday to punish the law firm WilmerHale, where Robert S. Mueller III worked before and after he served as special counsel in the Trump-Russia investigation, expanding his widespread campaign of retribution.In an executive order, Mr. Trump hit the elite firm with many of the same penalties that he had applied to its competitors who had taken on cases or causes he did not like.He directed the cancellation of all government contracts with WilmerHale, and the suspension of any security clearances of its employees. The order also barred WilmerHale employees from federal buildings, banned them from communicating with government employees and prevented them from being hired at government agencies.Other elite law firms have been hit with similar sanctions, leaving them to choose whether to fight the orders or cut a deal with Mr. Trump to remove the restrictions, even as a judge has already blocked one of the orders because it is likely to be unlawful.The order said Mr. Trump was in part punishing WilmerHale for the firm’s connections to Mr. Mueller, who led an inquiry that the order described as “one of the most partisan investigations in American history.”In fact, Mr. Mueller was appointed as special counsel by Mr. Trump’s own deputy attorney general amid concerns about Mr. Trump’s desire to shut down the F.B.I. investigation of his campaign after he took office. Mr. Mueller, then working at WilmerHale, resigned from the firm to lead the investigation, and returned to WilmerHale after the investigation was closed. Mr. Mueller retired from WilmerHale in 2021.“WilmerHale rewarded Robert Mueller and his colleagues,” the order said, adding that “Mueller’s investigation epitomizes the weaponization of government, yet WilmerHale claimed he ‘embodies the highest value of our firm and profession.’”The order also attacked diversity efforts at WilmerHale, as well as its representation of clients who Mr. Trump disagreed with, asserting that the firm “backs the obstruction of efforts” against illegal immigrants and drug trafficking.In a statement, WilmerHale defended Mr. Mueller’s character and said the firm had “a longstanding tradition of representing a wide range of clients, including in matters against administrations of both parties.”The firm added, “We look forward to pursuing all appropriate remedies to this unlawful order.”Matthew Goldstein More

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    A Video From Tufts Captures the Fear and Aggression in Trump’s Crackdown

    The tactics on display in the arrest of Rumeysa Ozturk were not new — plainclothes officers, faces obscured — but as ICE actions ramp up, scrutiny may increase.Rumeysa Ozturk, a Turkish citizen and a Muslim, was heading out to break her Ramadan fast with friends Tuesday night when she was detained by agents from the Department of Homeland Security.The security video looked like a scene from an undercover sting operation against a 30-year-old Turkish graduate student in her white coat and backpack.Rumeysa Ozturk was walking down a street in Somerville, Mass., on Tuesday when she was surrounded by federal agents wearing dark sweatshirts, some of their faces obscured by black masks. As they pulled off her backpack and handcuffed her, the terrified student let out a cry. One officer explained, “We’re the police.”As the Trump administration ramps up its deportation efforts, critics say tourists, foreign students and other legal immigrants are being subjected to aggressive arrest tactics usually reserved for criminal suspects. They have been swarmed by teams of masked agents in masks, zip-tied and bundled into unmarked vehicles.The tactics are not particularly new. U.S. Immigration and Customs Enforcement officials declined to answer questions about tactics on Thursday, but former officials said federal immigration agents do wear street clothes to avoid giving away their presence before an arrest. They also can wear face coverings to avoid being singled out and doxxed online.Deborah Fleischaker, a former ICE chief of staff under the Biden administration, said that plainclothes ICE agents have long been allowed to detain undocumented immigrants, though they are required to show their badges when making such arrests.What is shifting are the targets — immigrants with valid visas and legal status. In Ms. Ozturk’s case, supporters say she appears to have merely been a co-author of an editorial in a student newspaper criticizing Tufts’s support for Israel.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump restored funding for Radio Free Europe and reinstated 33 employees for Cuban radio station.

    Reversing course, the Trump administration on Thursday restored funding for Radio Free Europe/Radio Liberty, a federally financed news organization born out of American efforts to counter Soviet propaganda during the Cold War.The decision to again support the news group, known as RFE/RL, came two days after a federal judge in Washington temporarily blocked President Trump’s push to close it down, saying Mr. Trump cannot unilaterally dismantle the news organization established by Congress.Also Thursday, the administration reinstated 33 employees at the Office of Cuba Broadcasting, a federal news outlet critical of the island’s communist government, allowing the radio station’s programming to resume.On March 15, the administration terminated all grants for RFE/RL in a one-page letter, citing Mr. Trump’s executive order a day earlier aimed at eliminating RFE/RL’s parent agency, the U.S. Agency for Global Media.On Thursday, the administration claimed that the lawsuit was moot — since the funding was restored — rather than continuing to argue for the legitimacy of its March 15 decision to cut funding while complying with the judge’s order.The Trump administration still reserved the right to terminate the RFE/RL’s financing “at a later date” if it “were to determine that such termination was appropriate,” according to the administration’s letter to RFE/RL that was submitted to the court.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    What We Know About the Detentions of Student Protesters

    The Trump administration is looking to deport pro-Palestinian students who are legally in the United States, citing national security. Critics say that violates free speech protections.Secretary of State Marco Rubio said that the State Department under his direction had revoked the visas of more than 300 people and was continuing to revoke visas daily.Pool photo by Nathan HowardThe Trump administration is trying to deport pro-Palestinian students and academics who are legally in the United States, a new front in its clash with elite schools over what it says is their failure to combat antisemitism.The White House asserts that these moves — many of which involve immigrants with visas and green cards — are necessary because those taken into custody threaten national security. But some legal experts say that the administration is trampling on free speech rights and using lower-level laws to crack down on activism.Secretary of State Marco Rubio said on Thursday that the State Department under his direction had revoked the visas of more than 300 people and was continuing to revoke visas daily. He did not specify how many of those people had taken part in campus protests or acted to support Palestinians.Mr. Rubio gave that number at a news conference, after noting that the department had revoked the visa of a Turkish graduate student at Tufts University. He did not give details on the other revocations.Immigration officials are known to have pursued at least nine people in apparent connection to this effort since the start of March.The detentions and efforts to deport people who are in the country legally reflect an escalation of the administration’s efforts to restrict immigration, as it also seeks to deport undocumented immigrants en masse.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More