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2025-06-15 06:37:56 -

Discord Invite Link Hijacking Delivers AsyncRAT and Skuld Stealer Targeting Crypto Wallets

Jun 14, 2025Ravie LakshmananMalware / Threat Intelligence

A new malware campaign is exploiting a weakness in Discord's invitation system to deliver an information stealer called Skuld and the AsyncRAT remote access trojan.
"Attackers hijacked the links through vanity link registration, allowing them to silently redirect users from trusted sources to malicious servers," Check Point said in a technical report. "The attackers combined the ClickFix phishing technique, multi-stage loaders, and time-based evasions to stealthily deliver AsyncRAT, and a customized Skuld Stealer targeting crypto wallets."
The issue with Discord's invite mechanism is that it allows attackers to hijack expired or deleted invite links and secretly redirect unsuspecting users to malicious servers under their control. This also means that a Discord invite link that was once trusted and shared on forums or social media platforms could unwittingly lead users to malicious sites.

Details of the campaign come a little over a month after the cybersecurity company revealed another sophisticated phishing campaign that hijacked expired vanity invite links to entice users into joining a Discord server and instruct them to visit a phishing site to verify ownership, only to have their digital assets drained upon connecting their wallets.
While users can create temporary, permanent, or custominvite links on Discord, the platform prevents other legitimate servers from reclaiming a previously expired or deleted invite. However, Check Point found that creating custom invite links allows the reuse of expired invite codes and even deleted permanent invite codes in some cases.

This ability to reuse Discord expired or deleted codes when creating custom vanity invite links opens the door to abuse, allowing attackers to claim it for their malicious server.
"This creates a serious risk: Users who follow previously trusted invite linkscan unknowingly be redirected to fake Discord servers created by threat actors," Check Point said.
The Discord invite-link hijacking, in a nutshell, involves taking control of invite links originally shared by legitimate communities and then using them to redirect users to the malicious server. Users who fall prey to the scheme and join the server are asked to complete a verification step in order to gain full server access by authorizing a bot, which then leads them to a fake website with a prominent "Verify" button.
This is where the attackers take the attack to the next level by incorporating the infamous ClickFix social engineering tactic to trick users into infecting their systems under the pretext of verification.

Specifically, clicking the "Verify" button surreptitiously executes JavaScript that copies a PowerShell command to the machine's clipboard, after which the users are urged to launch the Windows Run dialog, paste the already copied "verification string", and press Enter to authenticate their accounts.
But in reality, performing these steps triggers the download of a PowerShell script hosted on Pastebin that subsequently retrieves and executes a first-stage downloader, which is ultimately used to drop AsyncRAT and Skuld Stealer from a remote server and execute them.
At the heart of this attack lies a meticulously engineered, multi-stage infection process designed for both precision and stealth, while also taking steps to subvert security protections through sandbox security checks.
AsyncRAT, which offers comprehensive remote control capabilities over infected systems, has been found to employ a technique called dead drop resolver to access the actual command-and-controlserver by reading a Pastebin file.
The other payload is a Golang information stealer that's downloaded from Bitbucket. It's equipped to steal sensitive user data from Discord, various browsers, crypto wallets, and gaming platforms.
Skuld is also capable of harvesting crypto wallet seed phrases and passwords from the Exodus and Atomic crypto wallets. It accomplishes this using an approach called wallet injection that replaces legitimate application files with trojanized versions downloaded from GitHub. It's worth noting that a similar technique was recently put to use by a rogue npm package named pdf-to-office.
The attack also employs a custom version of an open-source tool known as ChromeKatz to bypass Chrome's app-bound encryption protections. The collected data is exfiltrated to the miscreants via a Discord webhook.
The fact that payload delivery and data exfiltration occur via trusted cloud services such as GitHub, Bitbucket, Pastebin, and Discord allows the threat actors to blend in with normal traffic and fly under the radar. Discord has since disabled the malicious bot, effectively breaking the attack chain.

Check Point said it also identified another campaign mounted by the same threat actor that distributes the loader as a modified version of a hacktool for unlocking pirated games. The malicious program, also hosted on Bitbucket, has been downloaded 350 times.
It has been assessed that the victims of these campaigns are primarily located in the United States, Vietnam, France, Germany, Slovakia, Austria, the Netherlands, and the United Kingdom.
The findings represent the latest example of how cybercriminals are targeting the popular social platform, which has had its content delivery networkabused to host malware in the past.
"This campaign illustrates how a subtle feature of Discord's invite system, the ability to reuse expired or deleted invite codes in vanity invite links, can be exploited as a powerful attack vector," the researchers said. "By hijacking legitimate invite links, threat actors silently redirect unsuspecting users to malicious Discord servers."
"The choice of payloads, including a powerful stealer specifically targeting cryptocurrency wallets, suggests that the attackers are primarily focused on crypto users and motivated by financial gain."

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Discord Invite Link Hijacking Delivers AsyncRAT and Skuld Stealer Targeting Crypto Wallets
Jun 14, 2025Ravie LakshmananMalware / Threat Intelligence A new malware campaign is exploiting a weakness in Discord's invitation system to deliver an information stealer called Skuld and the AsyncRAT remote access trojan. "Attackers hijacked the links through vanity link registration, allowing them to silently redirect users from trusted sources to malicious servers," Check Point said in a technical report. "The attackers combined the ClickFix phishing technique, multi-stage loaders, and time-based evasions to stealthily deliver AsyncRAT, and a customized Skuld Stealer targeting crypto wallets." The issue with Discord's invite mechanism is that it allows attackers to hijack expired or deleted invite links and secretly redirect unsuspecting users to malicious servers under their control. This also means that a Discord invite link that was once trusted and shared on forums or social media platforms could unwittingly lead users to malicious sites. Details of the campaign come a little over a month after the cybersecurity company revealed another sophisticated phishing campaign that hijacked expired vanity invite links to entice users into joining a Discord server and instruct them to visit a phishing site to verify ownership, only to have their digital assets drained upon connecting their wallets. While users can create temporary, permanent, or custominvite links on Discord, the platform prevents other legitimate servers from reclaiming a previously expired or deleted invite. However, Check Point found that creating custom invite links allows the reuse of expired invite codes and even deleted permanent invite codes in some cases. This ability to reuse Discord expired or deleted codes when creating custom vanity invite links opens the door to abuse, allowing attackers to claim it for their malicious server. "This creates a serious risk: Users who follow previously trusted invite linkscan unknowingly be redirected to fake Discord servers created by threat actors," Check Point said. The Discord invite-link hijacking, in a nutshell, involves taking control of invite links originally shared by legitimate communities and then using them to redirect users to the malicious server. Users who fall prey to the scheme and join the server are asked to complete a verification step in order to gain full server access by authorizing a bot, which then leads them to a fake website with a prominent "Verify" button. This is where the attackers take the attack to the next level by incorporating the infamous ClickFix social engineering tactic to trick users into infecting their systems under the pretext of verification. Specifically, clicking the "Verify" button surreptitiously executes JavaScript that copies a PowerShell command to the machine's clipboard, after which the users are urged to launch the Windows Run dialog, paste the already copied "verification string", and press Enter to authenticate their accounts. But in reality, performing these steps triggers the download of a PowerShell script hosted on Pastebin that subsequently retrieves and executes a first-stage downloader, which is ultimately used to drop AsyncRAT and Skuld Stealer from a remote server and execute them. At the heart of this attack lies a meticulously engineered, multi-stage infection process designed for both precision and stealth, while also taking steps to subvert security protections through sandbox security checks. AsyncRAT, which offers comprehensive remote control capabilities over infected systems, has been found to employ a technique called dead drop resolver to access the actual command-and-controlserver by reading a Pastebin file. The other payload is a Golang information stealer that's downloaded from Bitbucket. It's equipped to steal sensitive user data from Discord, various browsers, crypto wallets, and gaming platforms. Skuld is also capable of harvesting crypto wallet seed phrases and passwords from the Exodus and Atomic crypto wallets. It accomplishes this using an approach called wallet injection that replaces legitimate application files with trojanized versions downloaded from GitHub. It's worth noting that a similar technique was recently put to use by a rogue npm package named pdf-to-office. The attack also employs a custom version of an open-source tool known as ChromeKatz to bypass Chrome's app-bound encryption protections. The collected data is exfiltrated to the miscreants via a Discord webhook. The fact that payload delivery and data exfiltration occur via trusted cloud services such as GitHub, Bitbucket, Pastebin, and Discord allows the threat actors to blend in with normal traffic and fly under the radar. Discord has since disabled the malicious bot, effectively breaking the attack chain. Check Point said it also identified another campaign mounted by the same threat actor that distributes the loader as a modified version of a hacktool for unlocking pirated games. The malicious program, also hosted on Bitbucket, has been downloaded 350 times. It has been assessed that the victims of these campaigns are primarily located in the United States, Vietnam, France, Germany, Slovakia, Austria, the Netherlands, and the United Kingdom. The findings represent the latest example of how cybercriminals are targeting the popular social platform, which has had its content delivery networkabused to host malware in the past. "This campaign illustrates how a subtle feature of Discord's invite system, the ability to reuse expired or deleted invite codes in vanity invite links, can be exploited as a powerful attack vector," the researchers said. "By hijacking legitimate invite links, threat actors silently redirect unsuspecting users to malicious Discord servers." "The choice of payloads, including a powerful stealer specifically targeting cryptocurrency wallets, suggests that the attackers are primarily focused on crypto users and motivated by financial gain." Found this article interesting? Follow us on Twitter  and LinkedIn to read more exclusive content we post. SHARE     #discord #invite #link #hijacking #delivers

THEHACKERNEWS.COM

Discord Invite Link Hijacking Delivers AsyncRAT and Skuld Stealer Targeting Crypto Wallets
Jun 14, 2025Ravie LakshmananMalware / Threat Intelligence A new malware campaign is exploiting a weakness in Discord's invitation system to deliver an information stealer called Skuld and the AsyncRAT remote access trojan. "Attackers hijacked the links through vanity link registration, allowing them to silently redirect users from trusted sources to malicious servers," Check Point said in a technical report. "The attackers combined the ClickFix phishing technique, multi-stage loaders, and time-based evasions to stealthily deliver AsyncRAT, and a customized Skuld Stealer targeting crypto wallets." The issue with Discord's invite mechanism is that it allows attackers to hijack expired or deleted invite links and secretly redirect unsuspecting users to malicious servers under their control. This also means that a Discord invite link that was once trusted and shared on forums or social media platforms could unwittingly lead users to malicious sites. Details of the campaign come a little over a month after the cybersecurity company revealed another sophisticated phishing campaign that hijacked expired vanity invite links to entice users into joining a Discord server and instruct them to visit a phishing site to verify ownership, only to have their digital assets drained upon connecting their wallets. While users can create temporary, permanent, or custom (vanity) invite links on Discord, the platform prevents other legitimate servers from reclaiming a previously expired or deleted invite. However, Check Point found that creating custom invite links allows the reuse of expired invite codes and even deleted permanent invite codes in some cases. This ability to reuse Discord expired or deleted codes when creating custom vanity invite links opens the door to abuse, allowing attackers to claim it for their malicious server. "This creates a serious risk: Users who follow previously trusted invite links (e.g., on websites, blogs, or forums) can unknowingly be redirected to fake Discord servers created by threat actors," Check Point said. The Discord invite-link hijacking, in a nutshell, involves taking control of invite links originally shared by legitimate communities and then using them to redirect users to the malicious server. Users who fall prey to the scheme and join the server are asked to complete a verification step in order to gain full server access by authorizing a bot, which then leads them to a fake website with a prominent "Verify" button. This is where the attackers take the attack to the next level by incorporating the infamous ClickFix social engineering tactic to trick users into infecting their systems under the pretext of verification. Specifically, clicking the "Verify" button surreptitiously executes JavaScript that copies a PowerShell command to the machine's clipboard, after which the users are urged to launch the Windows Run dialog, paste the already copied "verification string" (i.e., the PowerShell command), and press Enter to authenticate their accounts. But in reality, performing these steps triggers the download of a PowerShell script hosted on Pastebin that subsequently retrieves and executes a first-stage downloader, which is ultimately used to drop AsyncRAT and Skuld Stealer from a remote server and execute them. At the heart of this attack lies a meticulously engineered, multi-stage infection process designed for both precision and stealth, while also taking steps to subvert security protections through sandbox security checks. AsyncRAT, which offers comprehensive remote control capabilities over infected systems, has been found to employ a technique called dead drop resolver to access the actual command-and-control (C2) server by reading a Pastebin file. The other payload is a Golang information stealer that's downloaded from Bitbucket. It's equipped to steal sensitive user data from Discord, various browsers, crypto wallets, and gaming platforms. Skuld is also capable of harvesting crypto wallet seed phrases and passwords from the Exodus and Atomic crypto wallets. It accomplishes this using an approach called wallet injection that replaces legitimate application files with trojanized versions downloaded from GitHub. It's worth noting that a similar technique was recently put to use by a rogue npm package named pdf-to-office. The attack also employs a custom version of an open-source tool known as ChromeKatz to bypass Chrome's app-bound encryption protections. The collected data is exfiltrated to the miscreants via a Discord webhook. The fact that payload delivery and data exfiltration occur via trusted cloud services such as GitHub, Bitbucket, Pastebin, and Discord allows the threat actors to blend in with normal traffic and fly under the radar. Discord has since disabled the malicious bot, effectively breaking the attack chain. Check Point said it also identified another campaign mounted by the same threat actor that distributes the loader as a modified version of a hacktool for unlocking pirated games. The malicious program, also hosted on Bitbucket, has been downloaded 350 times. It has been assessed that the victims of these campaigns are primarily located in the United States, Vietnam, France, Germany, Slovakia, Austria, the Netherlands, and the United Kingdom. The findings represent the latest example of how cybercriminals are targeting the popular social platform, which has had its content delivery network (CDN) abused to host malware in the past. "This campaign illustrates how a subtle feature of Discord's invite system, the ability to reuse expired or deleted invite codes in vanity invite links, can be exploited as a powerful attack vector," the researchers said. "By hijacking legitimate invite links, threat actors silently redirect unsuspecting users to malicious Discord servers." "The choice of payloads, including a powerful stealer specifically targeting cryptocurrency wallets, suggests that the attackers are primarily focused on crypto users and motivated by financial gain." Found this article interesting? Follow us on Twitter  and LinkedIn to read more exclusive content we post. SHARE    

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3D Printing Industry shared a link
2025-06-07 20:26:43 -

The State of 3D Printing in the UK: Expert Insights from AMUK’s Joshua Dugdale

Additive Manufacturing UK’s first Members Forum of 2025 was held at Siemens’ UK headquarters in South Manchester earlier this year. The event featured presentations from AMUK members and offered attendees a chance to network and share insights.
Ahead of the day-long meetup, 3D Printing Industry caught up with Joshua Dugdale, Head of AMUK, to learn more about the current state of additive manufacturing and the future of 3D printing in Britain.
AMUK is the United Kingdom’s primary 3D printing trade organization. Established in 2014, it operates within the Manufacturing Technologies Associationcluster. Attendees at this year’s first meetup spanned the UK’s entire 3D printing ecosystem. Highlights included discussion on precious materials from Cookson Industrial, simulation software from Siemens, digital thread solutions from Kaizen PLM, and 3D printing services provided by ARRK.
With a background in mechanical engineering, Dugdale is “responsible for everything and anything AMUK does as an organization.” According to the Loughborough University alumnus, who is also Head of Technology and Skills at the MTA, AMUK’s core mission is to “create an environment in the UK where additive manufacturing can thrive.” He elaborated on how his organization is working to increase the commercial success of its members within the “struggling” global manufacturing environment.
Dugdale shared his perspective on the key challenges facing 3D printing in the UK. He pointed to a “tough” operating environment hampered by global financial challenges, which is delaying investments.
Despite this, AMUK’s leader remains optimistic about the sector’s long-term potential, highlighting the UK’s success in R&D and annual 3D printing intellectual propertyoutput. Dugdale emphasized the value of 3D printing for UK defense and supply chain resilience, arguing that “defense will lead the way” in 3D printing innovation.
Looking ahead, Dugdale called on the UK Government to create a unified 3D printing roadmap to replace its “disjointed” approach to policy and funding. He also shared AMUK’s strategy for 2025 and beyond, emphasizing a focus on eductaion, supply chain visibility, and standards. Ultimately, the AMUK figurehead shared a positive outlook on the future of 3D printing in the UK. He envisions a new wave of innovation that will see more British startups and university spinouts emerging over the next five years.
Siemens’ Manchester HQ hosted the first AMUK Members Forum of 2025. Photo by 3D Printing Industry.
What is the current state of additive manufacturing in the UK?
According to Dugdale, the 3D printing industry is experiencing a challenging period, driven largely by global economic pressures. “I wouldn’t describe it as underperforming, I’d describe it as flat,” Dugdale said. “The manufacturing sector as a whole is facing significant challenges, and additive manufacturing is no exception.” He pointed to increased competition, a cautious investment climate, and the reluctance of businesses to adopt new technologies due to the economic uncertainty.
Dugdale specifically highlighted the increase in the UK’s National Insurance contributionrate for employers, which rose from 13.8% to 15% on April 6, 2025. He noted that many British companies postponed investment decisions ahead of the announcement, reflecting growing caution within the UK manufacturing sector. “With additive manufacturing, people need to be willing to take risks,” added Dugdale. “People are holding off at the moment because the current climate doesn’t favor risk.”
Dugdale remains optimistic about the sector’s long-term potential, arguing that the UK continues to excel in academia and R&D. However, for Dugdale, commercializing that research is where the country must improve before it can stand out on the world stage. This becomes especially clear when compared to countries in North America and Asia, which receive significantly greater financial support. “We’re never going to compete with the US and China, because they have so much more money behind them,” he explained.
In a European context, Dugdale believes the UK “is doing quite well.” However, Britain remains below Spain in terms of financial backing and technology adoption. “Spain has a much more mature industry,” Dugdale explained. “Their AM association has been going for 10 years, and it’s clear that their industry is more cohesive and further along. It’s a level of professionalism we can learn from.” While the Iberian country faces similar challenges in standards, supply chain, and visibility, it benefits from a level of cohesion that sets it apart from many other European countries.
Dugdale pointed to the Formnext trade show as a clear example of this disparity. He expects the Spanish pavilion to span around 200 square meters and feature ten companies at this year’s event, a “massive” difference compared to the UK’s 36 square meters last year. AMUK’s presence could grow to around 70 square meters at Formnext 2025, but this still lags far behind. Dugdale attributes this gap to government support. “They get more funding. This makes it a lot more attractive for companies to come because there’s less risk for them,” he explained.
Josh Dugdale speaking at the AMUK Members Forum in Manchester. Photo by 3D Printing Industry.
3D printing for UK Defense
As global security concerns grow, the UK government has intensified efforts to bolster its defense capabilities. In this context, 3D printing is emerging as a key enabler. Earlier this year, the Ministry of Defencereleased its first Defence Advanced Manufacturing Strategy, outlining a plan to “embrace 3D printing,” with additive manufacturing expected to play a pivotal role in the UK’s future military operations.
Dugdale identified two key advantages of additive manufacturing for defense: supply chain resilience and frontline production. For the former, he stressed the importance of building localized supply chains to reduce lead times and eliminate dependence on overseas shipments. This capability is crucial for ensuring that military platforms, whether on land, at sea, or in the air, remain operational.
3D printing near the front lines offers advantages for conducting quick repairs and maintaining warfighting capabilities in the field. “If a tank needs to get back off the battlefield, you can print a widget or bracket that’ll hold for just five miles,” Dugdale explained. “It’s not about perfect engineering; it’s about getting the vehicle home.”
The British Army has already adopted containerized 3D printers to test additive manufacturing near the front lines. Last year, British troops deployed metal and polymer 3D printers during Exercise Steadfast Defender, NATO’s largest military exercise since the Cold War. Dubbed Project Bokkr, the additive manufacturing capabilities included XSPEE3D cold spray 3D printer from Australian firm SPEE3D.
Elsewhere in 2024, the British Army participated in Additive Manufacturing Village 2024, a military showcase organized by the European Defence Agency. During the event, UK personnel 3D printed 133 functional parts, including 20 made from metal. They also developed technical data packsfor 70 different 3D printable spare parts. The aim was to equip Ukrainian troops with the capability to 3D print military equipment directly at the point of need.
Dugdale believes success in the UK defense sector will help drive wider adoption of 3D printing. “Defense will lead the way,” he said, suggesting that military users will build the knowledge base necessary for broader civilian adoption. This could also spur innovation in materials science, an area Dugdale expects to see significant advancements in the coming years.
A British Army operator checks a part 3D printed on SPEE3D’s XSPEE3D Cold Spray 3D printer. Photo via the British Army.
Advocating for a “unified industrial strategy”
Despite promising growth in defence, Dugdale identified major hurdles that still hinder the widespread adoption of additive manufacturingin the UK.
A key challenge lies in the significant knowledge gap surrounding the various types of AM and their unique advantages. This gap, he noted, discourages professionals familiar with traditional manufacturing methods like milling and turning from embracing 3D printing. “FDM is not the same as WAAM,” added Dugdale. “Trying to explain that in a very nice, coherent story is not always easy.”
Dugdale also raised concerns about the industry’s fragmented nature, especially when it comes to software compatibility and the lack of interoperability between 3D printing systems. “The software is often closed, and different machines don’t always communicate well with each other. That can create fear about locking into the wrong ecosystem too early,” he explained.
For Dugdale, these barriers can only be overcome with a clear industrial strategy for additive manufacturing. He believes the UK Government should develop a unified strategy that defines a clear roadmap for development. This, Dugdale argued, would enable industry players to align their efforts and investments.
The UK has invested over £500 million in AM-related projects over the past decade. However, Dugdale explained that fragmented funding has limited its impact. Instead, the AMUK Chief argues that the UK Government’s strategy should recognize AM as one of “several key enabling technologies,” alongside machine tooling, metrology, and other critical manufacturing tools.
He believes this unified approach could significantly boost the UK’s productivity and fully integrate 3D printing into the wider industrial landscape. “Companies will align themselves with the roadmap, allowing them to grow and mature at the same rate,” Dugdale added. “This will help us to make smarter decisions about how we fund and where we fund.”
AMUK’s roadmap and the future of 3D printing in the UK
When forecasting 3D printing market performance, Dugdale and his team track five key industries: automotive, aerospace, medical, metal goods, and chemical processes. According to Dugdale, these industries are the primary users of machine tools, which makes them crucial indicators of market health.
AMUK also relies on 3D printing industry surveys to gauge confidence, helping them to spot trends even when granular data is scarce. By comparing sector performance with survey-based confidence indicators, AMUK builds insights into the future market trajectory. The strong performance of sectors like aerospace and healthcare, which depend heavily on 3D printing, reinforces Dugdale’s confidence in the long-term potential of additive manufacturing.
Looking ahead to the second half of 2025, AMUK plans to focus on three primary challenges: supply chain visibility, skills development, and standards. Dugdale explains that these issues remain central to the maturation of the UK’s AM ecosystem. Education will play a key role in these efforts.
AMUK is already running several additive manufacturing upskilling initiatives in schools and universities to build the next generation of 3D printing pioneers. These include pilot projects that introduce 3D printing to Key Stage 3 studentsand AM university courses that are tailored to industry needs.
In the longer term, Dugdale suggests AMUK could evolve to focus more on addressing specific industry challenges, such as net-zero emissions or automotive light-weighting. This would involve creating specialized working groups that focus on how 3D printing can address specific pressing issues.
Interestingly, Dugdale revealed that AMUK’s success in advancing the UK’s 3D printing industry could eventually lead to the organization being dissolved and reabsorbed into the MTA. This outcome, he explained, would signal that “additive manufacturing has really matured” and is now seen as an integral part of the broader manufacturing ecosystem, rather than a niche technology.
Ultimately, Dugdale is optimistic for the future of 3D printing in the UK. He acknowledged that AMUK is still “trying to play catch-up for the last 100 years of machine tool technology.” However, additive manufacturing innovations are set to accelerate. “There’s a lot of exciting research happening in universities, and we need to find ways to help these initiatives gain the funding and visibility they need,” Dugdale urged.
As the technology continues to grow, Dugdale believes additive manufacturing will gradually lose its niche status and become a standard tool for manufacturers. “In ten years, we could see a generation of workers who grew up with 3D printers at home,” he told me. “For them, it will just be another technology to use in the workplace, not something to be amazed by.”
With this future in mind, Dugdale’s vision for 3D printing is one of broad adoption, supported by clear strategy and policy, as the technology continues to evolve and integrate into UK industry.
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The State of 3D Printing in the UK: Expert Insights from AMUK’s Joshua Dugdale
Additive Manufacturing UK’s first Members Forum of 2025 was held at Siemens’ UK headquarters in South Manchester earlier this year. The event featured presentations from AMUK members and offered attendees a chance to network and share insights. Ahead of the day-long meetup, 3D Printing Industry caught up with Joshua Dugdale, Head of AMUK, to learn more about the current state of additive manufacturing and the future of 3D printing in Britain. AMUK is the United Kingdom’s primary 3D printing trade organization. Established in 2014, it operates within the Manufacturing Technologies Associationcluster. Attendees at this year’s first meetup spanned the UK’s entire 3D printing ecosystem. Highlights included discussion on precious materials from Cookson Industrial, simulation software from Siemens, digital thread solutions from Kaizen PLM, and 3D printing services provided by ARRK. With a background in mechanical engineering, Dugdale is “responsible for everything and anything AMUK does as an organization.” According to the Loughborough University alumnus, who is also Head of Technology and Skills at the MTA, AMUK’s core mission is to “create an environment in the UK where additive manufacturing can thrive.” He elaborated on how his organization is working to increase the commercial success of its members within the “struggling” global manufacturing environment. Dugdale shared his perspective on the key challenges facing 3D printing in the UK. He pointed to a “tough” operating environment hampered by global financial challenges, which is delaying investments. Despite this, AMUK’s leader remains optimistic about the sector’s long-term potential, highlighting the UK’s success in R&D and annual 3D printing intellectual propertyoutput. Dugdale emphasized the value of 3D printing for UK defense and supply chain resilience, arguing that “defense will lead the way” in 3D printing innovation. Looking ahead, Dugdale called on the UK Government to create a unified 3D printing roadmap to replace its “disjointed” approach to policy and funding. He also shared AMUK’s strategy for 2025 and beyond, emphasizing a focus on eductaion, supply chain visibility, and standards. Ultimately, the AMUK figurehead shared a positive outlook on the future of 3D printing in the UK. He envisions a new wave of innovation that will see more British startups and university spinouts emerging over the next five years.          Siemens’ Manchester HQ hosted the first AMUK Members Forum of 2025. Photo by 3D Printing Industry. What is the current state of additive manufacturing in the UK? According to Dugdale, the 3D printing industry is experiencing a challenging period, driven largely by global economic pressures. “I wouldn’t describe it as underperforming, I’d describe it as flat,” Dugdale said. “The manufacturing sector as a whole is facing significant challenges, and additive manufacturing is no exception.” He pointed to increased competition, a cautious investment climate, and the reluctance of businesses to adopt new technologies due to the economic uncertainty. Dugdale specifically highlighted the increase in the UK’s National Insurance contributionrate for employers, which rose from 13.8% to 15% on April 6, 2025. He noted that many British companies postponed investment decisions ahead of the announcement, reflecting growing caution within the UK manufacturing sector. “With additive manufacturing, people need to be willing to take risks,” added Dugdale. “People are holding off at the moment because the current climate doesn’t favor risk.” Dugdale remains optimistic about the sector’s long-term potential, arguing that the UK continues to excel in academia and R&D. However, for Dugdale, commercializing that research is where the country must improve before it can stand out on the world stage. This becomes especially clear when compared to countries in North America and Asia, which receive significantly greater financial support. “We’re never going to compete with the US and China, because they have so much more money behind them,” he explained. In a European context, Dugdale believes the UK “is doing quite well.” However, Britain remains below Spain in terms of financial backing and technology adoption. “Spain has a much more mature industry,” Dugdale explained. “Their AM association has been going for 10 years, and it’s clear that their industry is more cohesive and further along. It’s a level of professionalism we can learn from.” While the Iberian country faces similar challenges in standards, supply chain, and visibility, it benefits from a level of cohesion that sets it apart from many other European countries. Dugdale pointed to the Formnext trade show as a clear example of this disparity. He expects the Spanish pavilion to span around 200 square meters and feature ten companies at this year’s event, a “massive” difference compared to the UK’s 36 square meters last year. AMUK’s presence could grow to around 70 square meters at Formnext 2025, but this still lags far behind. Dugdale attributes this gap to government support. “They get more funding. This makes it a lot more attractive for companies to come because there’s less risk for them,” he explained.   Josh Dugdale speaking at the AMUK Members Forum in Manchester. Photo by 3D Printing Industry. 3D printing for UK Defense As global security concerns grow, the UK government has intensified efforts to bolster its defense capabilities. In this context, 3D printing is emerging as a key enabler. Earlier this year, the Ministry of Defencereleased its first Defence Advanced Manufacturing Strategy, outlining a plan to “embrace 3D printing,” with additive manufacturing expected to play a pivotal role in the UK’s future military operations. Dugdale identified two key advantages of additive manufacturing for defense: supply chain resilience and frontline production. For the former, he stressed the importance of building localized supply chains to reduce lead times and eliminate dependence on overseas shipments. This capability is crucial for ensuring that military platforms, whether on land, at sea, or in the air, remain operational. 3D printing near the front lines offers advantages for conducting quick repairs and maintaining warfighting capabilities in the field. “If a tank needs to get back off the battlefield, you can print a widget or bracket that’ll hold for just five miles,” Dugdale explained. “It’s not about perfect engineering; it’s about getting the vehicle home.” The British Army has already adopted containerized 3D printers to test additive manufacturing near the front lines. Last year, British troops deployed metal and polymer 3D printers during Exercise Steadfast Defender, NATO’s largest military exercise since the Cold War. Dubbed Project Bokkr, the additive manufacturing capabilities included XSPEE3D cold spray 3D printer from Australian firm SPEE3D.     Elsewhere in 2024, the British Army participated in Additive Manufacturing Village 2024, a military showcase organized by the European Defence Agency. During the event, UK personnel 3D printed 133 functional parts, including 20 made from metal. They also developed technical data packsfor 70 different 3D printable spare parts. The aim was to equip Ukrainian troops with the capability to 3D print military equipment directly at the point of need. Dugdale believes success in the UK defense sector will help drive wider adoption of 3D printing. “Defense will lead the way,” he said, suggesting that military users will build the knowledge base necessary for broader civilian adoption. This could also spur innovation in materials science, an area Dugdale expects to see significant advancements in the coming years.     A British Army operator checks a part 3D printed on SPEE3D’s XSPEE3D Cold Spray 3D printer. Photo via the British Army. Advocating for a “unified industrial strategy” Despite promising growth in defence, Dugdale identified major hurdles that still hinder the widespread adoption of additive manufacturingin the UK. A key challenge lies in the significant knowledge gap surrounding the various types of AM and their unique advantages. This gap, he noted, discourages professionals familiar with traditional manufacturing methods like milling and turning from embracing 3D printing. “FDM is not the same as WAAM,” added Dugdale. “Trying to explain that in a very nice, coherent story is not always easy.” Dugdale also raised concerns about the industry’s fragmented nature, especially when it comes to software compatibility and the lack of interoperability between 3D printing systems. “The software is often closed, and different machines don’t always communicate well with each other. That can create fear about locking into the wrong ecosystem too early,” he explained. For Dugdale, these barriers can only be overcome with a clear industrial strategy for additive manufacturing. He believes the UK Government should develop a unified strategy that defines a clear roadmap for development. This, Dugdale argued, would enable industry players to align their efforts and investments. The UK has invested over £500 million in AM-related projects over the past decade. However, Dugdale explained that fragmented funding has limited its impact. Instead, the AMUK Chief argues that the UK Government’s strategy should recognize AM as one of “several key enabling technologies,” alongside machine tooling, metrology, and other critical manufacturing tools. He believes this unified approach could significantly boost the UK’s productivity and fully integrate 3D printing into the wider industrial landscape. “Companies will align themselves with the roadmap, allowing them to grow and mature at the same rate,” Dugdale added. “This will help us to make smarter decisions about how we fund and where we fund.”    AMUK’s roadmap and the future of 3D printing in the UK    When forecasting 3D printing market performance, Dugdale and his team track five key industries: automotive, aerospace, medical, metal goods, and chemical processes. According to Dugdale, these industries are the primary users of machine tools, which makes them crucial indicators of market health. AMUK also relies on 3D printing industry surveys to gauge confidence, helping them to spot trends even when granular data is scarce. By comparing sector performance with survey-based confidence indicators, AMUK builds insights into the future market trajectory. The strong performance of sectors like aerospace and healthcare, which depend heavily on 3D printing, reinforces Dugdale’s confidence in the long-term potential of additive manufacturing. Looking ahead to the second half of 2025, AMUK plans to focus on three primary challenges: supply chain visibility, skills development, and standards. Dugdale explains that these issues remain central to the maturation of the UK’s AM ecosystem. Education will play a key role in these efforts. AMUK is already running several additive manufacturing upskilling initiatives in schools and universities to build the next generation of 3D printing pioneers. These include pilot projects that introduce 3D printing to Key Stage 3 studentsand AM university courses that are tailored to industry needs. In the longer term, Dugdale suggests AMUK could evolve to focus more on addressing specific industry challenges, such as net-zero emissions or automotive light-weighting. This would involve creating specialized working groups that focus on how 3D printing can address specific pressing issues. Interestingly, Dugdale revealed that AMUK’s success in advancing the UK’s 3D printing industry could eventually lead to the organization being dissolved and reabsorbed into the MTA. This outcome, he explained, would signal that “additive manufacturing has really matured” and is now seen as an integral part of the broader manufacturing ecosystem, rather than a niche technology. Ultimately, Dugdale is optimistic for the future of 3D printing in the UK. He acknowledged that AMUK is still “trying to play catch-up for the last 100 years of machine tool technology.” However, additive manufacturing innovations are set to accelerate. “There’s a lot of exciting research happening in universities, and we need to find ways to help these initiatives gain the funding and visibility they need,” Dugdale urged. As the technology continues to grow, Dugdale believes additive manufacturing will gradually lose its niche status and become a standard tool for manufacturers. “In ten years, we could see a generation of workers who grew up with 3D printers at home,” he told me. “For them, it will just be another technology to use in the workplace, not something to be amazed by.” With this future in mind, Dugdale’s vision for 3D printing is one of broad adoption, supported by clear strategy and policy, as the technology continues to evolve and integrate into UK industry. Take the 3DPI Reader Survey — shape the future of AM reporting in under 5 minutes. Who won the 2024 3D Printing Industry Awards? Subscribe to the 3D Printing Industry newsletter to keep up with the latest 3D printing news.You can also follow us on LinkedIn, and subscribe to the 3D Printing Industry Youtube channel to access more exclusive content. #state #printing #expert #insights #amuks

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The State of 3D Printing in the UK: Expert Insights from AMUK’s Joshua Dugdale
Additive Manufacturing UK (AMUK)’s first Members Forum of 2025 was held at Siemens’ UK headquarters in South Manchester earlier this year. The event featured presentations from AMUK members and offered attendees a chance to network and share insights. Ahead of the day-long meetup, 3D Printing Industry caught up with Joshua Dugdale, Head of AMUK, to learn more about the current state of additive manufacturing and the future of 3D printing in Britain. AMUK is the United Kingdom’s primary 3D printing trade organization. Established in 2014, it operates within the Manufacturing Technologies Association (MTA) cluster. Attendees at this year’s first meetup spanned the UK’s entire 3D printing ecosystem. Highlights included discussion on precious materials from Cookson Industrial, simulation software from Siemens, digital thread solutions from Kaizen PLM, and 3D printing services provided by ARRK. With a background in mechanical engineering, Dugdale is “responsible for everything and anything AMUK does as an organization.” According to the Loughborough University alumnus, who is also Head of Technology and Skills at the MTA, AMUK’s core mission is to “create an environment in the UK where additive manufacturing can thrive.” He elaborated on how his organization is working to increase the commercial success of its members within the “struggling” global manufacturing environment. Dugdale shared his perspective on the key challenges facing 3D printing in the UK. He pointed to a “tough” operating environment hampered by global financial challenges, which is delaying investments. Despite this, AMUK’s leader remains optimistic about the sector’s long-term potential, highlighting the UK’s success in R&D and annual 3D printing intellectual property (IP) output. Dugdale emphasized the value of 3D printing for UK defense and supply chain resilience, arguing that “defense will lead the way” in 3D printing innovation. Looking ahead, Dugdale called on the UK Government to create a unified 3D printing roadmap to replace its “disjointed” approach to policy and funding. He also shared AMUK’s strategy for 2025 and beyond, emphasizing a focus on eductaion, supply chain visibility, and standards. Ultimately, the AMUK figurehead shared a positive outlook on the future of 3D printing in the UK. He envisions a new wave of innovation that will see more British startups and university spinouts emerging over the next five years.          Siemens’ Manchester HQ hosted the first AMUK Members Forum of 2025. Photo by 3D Printing Industry. What is the current state of additive manufacturing in the UK? According to Dugdale, the 3D printing industry is experiencing a challenging period, driven largely by global economic pressures. “I wouldn’t describe it as underperforming, I’d describe it as flat,” Dugdale said. “The manufacturing sector as a whole is facing significant challenges, and additive manufacturing is no exception.” He pointed to increased competition, a cautious investment climate, and the reluctance of businesses to adopt new technologies due to the economic uncertainty. Dugdale specifically highlighted the increase in the UK’s National Insurance contribution (NIC) rate for employers, which rose from 13.8% to 15% on April 6, 2025. He noted that many British companies postponed investment decisions ahead of the announcement, reflecting growing caution within the UK manufacturing sector. “With additive manufacturing, people need to be willing to take risks,” added Dugdale. “People are holding off at the moment because the current climate doesn’t favor risk.” Dugdale remains optimistic about the sector’s long-term potential, arguing that the UK continues to excel in academia and R&D. However, for Dugdale, commercializing that research is where the country must improve before it can stand out on the world stage. This becomes especially clear when compared to countries in North America and Asia, which receive significantly greater financial support. “We’re never going to compete with the US and China, because they have so much more money behind them,” he explained. In a European context, Dugdale believes the UK “is doing quite well.” However, Britain remains below Spain in terms of financial backing and technology adoption. “Spain has a much more mature industry,” Dugdale explained. “Their AM association has been going for 10 years, and it’s clear that their industry is more cohesive and further along. It’s a level of professionalism we can learn from.” While the Iberian country faces similar challenges in standards, supply chain, and visibility, it benefits from a level of cohesion that sets it apart from many other European countries. Dugdale pointed to the Formnext trade show as a clear example of this disparity. He expects the Spanish pavilion to span around 200 square meters and feature ten companies at this year’s event, a “massive” difference compared to the UK’s 36 square meters last year. AMUK’s presence could grow to around 70 square meters at Formnext 2025, but this still lags far behind. Dugdale attributes this gap to government support. “They get more funding. This makes it a lot more attractive for companies to come because there’s less risk for them,” he explained.   Josh Dugdale speaking at the AMUK Members Forum in Manchester. Photo by 3D Printing Industry. 3D printing for UK Defense As global security concerns grow, the UK government has intensified efforts to bolster its defense capabilities. In this context, 3D printing is emerging as a key enabler. Earlier this year, the Ministry of Defence (MoD) released its first Defence Advanced Manufacturing Strategy, outlining a plan to “embrace 3D printing,” with additive manufacturing expected to play a pivotal role in the UK’s future military operations. Dugdale identified two key advantages of additive manufacturing for defense: supply chain resilience and frontline production. For the former, he stressed the importance of building localized supply chains to reduce lead times and eliminate dependence on overseas shipments. This capability is crucial for ensuring that military platforms, whether on land, at sea, or in the air, remain operational. 3D printing near the front lines offers advantages for conducting quick repairs and maintaining warfighting capabilities in the field. “If a tank needs to get back off the battlefield, you can print a widget or bracket that’ll hold for just five miles,” Dugdale explained. “It’s not about perfect engineering; it’s about getting the vehicle home.” The British Army has already adopted containerized 3D printers to test additive manufacturing near the front lines. Last year, British troops deployed metal and polymer 3D printers during Exercise Steadfast Defender, NATO’s largest military exercise since the Cold War. Dubbed Project Bokkr, the additive manufacturing capabilities included XSPEE3D cold spray 3D printer from Australian firm SPEE3D.     Elsewhere in 2024, the British Army participated in Additive Manufacturing Village 2024, a military showcase organized by the European Defence Agency. During the event, UK personnel 3D printed 133 functional parts, including 20 made from metal. They also developed technical data packs (TDPs) for 70 different 3D printable spare parts. The aim was to equip Ukrainian troops with the capability to 3D print military equipment directly at the point of need. Dugdale believes success in the UK defense sector will help drive wider adoption of 3D printing. “Defense will lead the way,” he said, suggesting that military users will build the knowledge base necessary for broader civilian adoption. This could also spur innovation in materials science, an area Dugdale expects to see significant advancements in the coming years.     A British Army operator checks a part 3D printed on SPEE3D’s XSPEE3D Cold Spray 3D printer. Photo via the British Army. Advocating for a “unified industrial strategy” Despite promising growth in defence, Dugdale identified major hurdles that still hinder the widespread adoption of additive manufacturing (AM) in the UK. A key challenge lies in the significant knowledge gap surrounding the various types of AM and their unique advantages. This gap, he noted, discourages professionals familiar with traditional manufacturing methods like milling and turning from embracing 3D printing. “FDM is not the same as WAAM,” added Dugdale. “Trying to explain that in a very nice, coherent story is not always easy.” Dugdale also raised concerns about the industry’s fragmented nature, especially when it comes to software compatibility and the lack of interoperability between 3D printing systems. “The software is often closed, and different machines don’t always communicate well with each other. That can create fear about locking into the wrong ecosystem too early,” he explained. For Dugdale, these barriers can only be overcome with a clear industrial strategy for additive manufacturing. He believes the UK Government should develop a unified strategy that defines a clear roadmap for development. This, Dugdale argued, would enable industry players to align their efforts and investments. The UK has invested over £500 million in AM-related projects over the past decade. However, Dugdale explained that fragmented funding has limited its impact. Instead, the AMUK Chief argues that the UK Government’s strategy should recognize AM as one of “several key enabling technologies,” alongside machine tooling, metrology, and other critical manufacturing tools. He believes this unified approach could significantly boost the UK’s productivity and fully integrate 3D printing into the wider industrial landscape. “Companies will align themselves with the roadmap, allowing them to grow and mature at the same rate,” Dugdale added. “This will help us to make smarter decisions about how we fund and where we fund.”    AMUK’s roadmap and the future of 3D printing in the UK    When forecasting 3D printing market performance, Dugdale and his team track five key industries: automotive, aerospace, medical, metal goods, and chemical processes. According to Dugdale, these industries are the primary users of machine tools, which makes them crucial indicators of market health. AMUK also relies on 3D printing industry surveys to gauge confidence, helping them to spot trends even when granular data is scarce. By comparing sector performance with survey-based confidence indicators, AMUK builds insights into the future market trajectory. The strong performance of sectors like aerospace and healthcare, which depend heavily on 3D printing, reinforces Dugdale’s confidence in the long-term potential of additive manufacturing. Looking ahead to the second half of 2025, AMUK plans to focus on three primary challenges: supply chain visibility, skills development, and standards. Dugdale explains that these issues remain central to the maturation of the UK’s AM ecosystem. Education will play a key role in these efforts. AMUK is already running several additive manufacturing upskilling initiatives in schools and universities to build the next generation of 3D printing pioneers. These include pilot projects that introduce 3D printing to Key Stage 3 students (aged 11) and AM university courses that are tailored to industry needs. In the longer term, Dugdale suggests AMUK could evolve to focus more on addressing specific industry challenges, such as net-zero emissions or automotive light-weighting. This would involve creating specialized working groups that focus on how 3D printing can address specific pressing issues. Interestingly, Dugdale revealed that AMUK’s success in advancing the UK’s 3D printing industry could eventually lead to the organization being dissolved and reabsorbed into the MTA. This outcome, he explained, would signal that “additive manufacturing has really matured” and is now seen as an integral part of the broader manufacturing ecosystem, rather than a niche technology. Ultimately, Dugdale is optimistic for the future of 3D printing in the UK. He acknowledged that AMUK is still “trying to play catch-up for the last 100 years of machine tool technology.” However, additive manufacturing innovations are set to accelerate. “There’s a lot of exciting research happening in universities, and we need to find ways to help these initiatives gain the funding and visibility they need,” Dugdale urged. As the technology continues to grow, Dugdale believes additive manufacturing will gradually lose its niche status and become a standard tool for manufacturers. “In ten years, we could see a generation of workers who grew up with 3D printers at home,” he told me. “For them, it will just be another technology to use in the workplace, not something to be amazed by.” With this future in mind, Dugdale’s vision for 3D printing is one of broad adoption, supported by clear strategy and policy, as the technology continues to evolve and integrate into UK industry. Take the 3DPI Reader Survey — shape the future of AM reporting in under 5 minutes. Who won the 2024 3D Printing Industry Awards? Subscribe to the 3D Printing Industry newsletter to keep up with the latest 3D printing news.You can also follow us on LinkedIn, and subscribe to the 3D Printing Industry Youtube channel to access more exclusive content.

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2025-06-06 07:34:59 -

Trump-Musk feud wipes $152 billion off Tesla, sparks Dragon spacecraft threat and Epstein files claim

WTF?! When the president of the United States and the world's richest person have a falling out, the ramifications can be widespread. Since Musk and Trump went from friends to enemies, billion has been wiped off Tesla's share price, and Musk has threatened to decommission the SpaceX Dragon spacecraft that NASA relies on to deliver crew to and from the International Space Station. Musk has also said that Trump appears in files relating to Jeffrey Epstein.
When he left the White House last week, Musk blasted those who said he'd had a falling out with Trump. The CEO insisted his departure was due to his scheduled 130 days as a government employee coming to an end. But Musk had been publicly criticizing Trump's Big Beautiful Bill Act, warning it would increase the budget deficit.
After learning that an electric-vehicle tax credit that would help incentivize Tesla purchases was not included in the bill, Musk called it "a disgusting abomination" on X and urged Americans to call Congress to have the bill killed.
On Thursday, the two men used their respective social media platforms to throw insults at each other. At one point, Trump threatened to "terminate Elon's Governmental Subsidies and Contracts" as a way to slash billions of dollars from the budget.
The warning sent Tesla's shares down just over 14%, wiping around billion off its valuation – and almost billion off Musk's total net worth.
In response to Trump's threat to cancel Musk's government contracts, Musk said SpaceX will begin decommissioning its Dragon spacecraft immediately. The craft, which NASA relies on for transport missions including ferrying astronauts to the ISS, is under contract worth roughly billion. The capsule is the only US spacecraft capable of flying humans into orbit. The only other crewed spacecraft that sends astronauts to the ISS is Russia's Soyuz system.
However, after an X user told him to "cool off," Musk wrote, "Ok, we won't decommission Dragon."
// Related Stories

As the war of words has grown, Musk said Trump's controversial tariffs will cause a recession in the second half of this year. But his "really big bomb" was an allegation that Trump appears in the files of pedophile financier Jeffrey Epstein, who killed himself in his jail cell in August 2019 while awaiting trial.
Musk has also shared a post calling for Trump's impeachment and posted a poll asking if a new political party should be created in the US that "actually represents the 80% in the middle." 81% of the 4.4 million respondents have voted yes.
One has to wonder if Musk believes his time in the White House was worth it. Beyond his reputational damage, his companies have suffered by association. Tesla sales were down 50% last month, and there have been protests and attacks on dealerships. The company's share price is down 40% from its all-time high on December 17, 2024, before Musk was part of DOGE.
#trumpmusk #feud #wipes #billion #off

Trump-Musk feud wipes $152 billion off Tesla, sparks Dragon spacecraft threat and Epstein files claim
WTF?! When the president of the United States and the world's richest person have a falling out, the ramifications can be widespread. Since Musk and Trump went from friends to enemies, billion has been wiped off Tesla's share price, and Musk has threatened to decommission the SpaceX Dragon spacecraft that NASA relies on to deliver crew to and from the International Space Station. Musk has also said that Trump appears in files relating to Jeffrey Epstein. When he left the White House last week, Musk blasted those who said he'd had a falling out with Trump. The CEO insisted his departure was due to his scheduled 130 days as a government employee coming to an end. But Musk had been publicly criticizing Trump's Big Beautiful Bill Act, warning it would increase the budget deficit. After learning that an electric-vehicle tax credit that would help incentivize Tesla purchases was not included in the bill, Musk called it "a disgusting abomination" on X and urged Americans to call Congress to have the bill killed. On Thursday, the two men used their respective social media platforms to throw insults at each other. At one point, Trump threatened to "terminate Elon's Governmental Subsidies and Contracts" as a way to slash billions of dollars from the budget. The warning sent Tesla's shares down just over 14%, wiping around billion off its valuation – and almost billion off Musk's total net worth. In response to Trump's threat to cancel Musk's government contracts, Musk said SpaceX will begin decommissioning its Dragon spacecraft immediately. The craft, which NASA relies on for transport missions including ferrying astronauts to the ISS, is under contract worth roughly billion. The capsule is the only US spacecraft capable of flying humans into orbit. The only other crewed spacecraft that sends astronauts to the ISS is Russia's Soyuz system. However, after an X user told him to "cool off," Musk wrote, "Ok, we won't decommission Dragon." // Related Stories As the war of words has grown, Musk said Trump's controversial tariffs will cause a recession in the second half of this year. But his "really big bomb" was an allegation that Trump appears in the files of pedophile financier Jeffrey Epstein, who killed himself in his jail cell in August 2019 while awaiting trial. Musk has also shared a post calling for Trump's impeachment and posted a poll asking if a new political party should be created in the US that "actually represents the 80% in the middle." 81% of the 4.4 million respondents have voted yes. One has to wonder if Musk believes his time in the White House was worth it. Beyond his reputational damage, his companies have suffered by association. Tesla sales were down 50% last month, and there have been protests and attacks on dealerships. The company's share price is down 40% from its all-time high on December 17, 2024, before Musk was part of DOGE. #trumpmusk #feud #wipes #billion #off

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Trump-Musk feud wipes $152 billion off Tesla, sparks Dragon spacecraft threat and Epstein files claim
WTF?! When the president of the United States and the world's richest person have a falling out, the ramifications can be widespread. Since Musk and Trump went from friends to enemies, $152 billion has been wiped off Tesla's share price, and Musk has threatened to decommission the SpaceX Dragon spacecraft that NASA relies on to deliver crew to and from the International Space Station. Musk has also said that Trump appears in files relating to Jeffrey Epstein. When he left the White House last week, Musk blasted those who said he'd had a falling out with Trump. The CEO insisted his departure was due to his scheduled 130 days as a government employee coming to an end. But Musk had been publicly criticizing Trump's Big Beautiful Bill Act, warning it would increase the budget deficit. After learning that an electric-vehicle tax credit that would help incentivize Tesla purchases was not included in the bill, Musk called it "a disgusting abomination" on X and urged Americans to call Congress to have the bill killed. On Thursday, the two men used their respective social media platforms to throw insults at each other. At one point, Trump threatened to "terminate Elon's Governmental Subsidies and Contracts" as a way to slash billions of dollars from the budget. The warning sent Tesla's shares down just over 14%, wiping around $152 billion off its valuation – and almost $100 billion off Musk's total net worth. In response to Trump's threat to cancel Musk's government contracts, Musk said SpaceX will begin decommissioning its Dragon spacecraft immediately. The craft, which NASA relies on for transport missions including ferrying astronauts to the ISS, is under contract worth roughly $4.9 billion. The capsule is the only US spacecraft capable of flying humans into orbit. The only other crewed spacecraft that sends astronauts to the ISS is Russia's Soyuz system. However, after an X user told him to "cool off," Musk wrote, "Ok, we won't decommission Dragon." // Related Stories As the war of words has grown, Musk said Trump's controversial tariffs will cause a recession in the second half of this year. But his "really big bomb" was an allegation that Trump appears in the files of pedophile financier Jeffrey Epstein, who killed himself in his jail cell in August 2019 while awaiting trial. Musk has also shared a post calling for Trump's impeachment and posted a poll asking if a new political party should be created in the US that "actually represents the 80% in the middle." 81% of the 4.4 million respondents have voted yes. One has to wonder if Musk believes his time in the White House was worth it. Beyond his reputational damage, his companies have suffered by association. Tesla sales were down 50% last month, and there have been protests and attacks on dealerships. The company's share price is down 40% from its all-time high on December 17, 2024, before Musk was part of DOGE.

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2025-06-06 07:26:31 -

Starmer and Reeves’ big planning idea? Trash nature and concrete it over

I don’t know why, but it continues to astonish me just how foolish politicians can be – and how easily persuaded they are by really bad advice from smart but tin-eared advisers.
In less than a year, Keir Starmer and Rachel Reeves have squandered the gift of the huge majority won at last year’s General Election on one key issue after another: their response to the genocide in Gaza; wantonly cruel cuts in disability benefits; failing to find creative ways of taxing wealth; dealing with the water companies – and, now, on the new Planning and Infrastructure Bill.
On 23 May 23, the Wildlife Trusts and the RSPBlaunched a devastating attack on Labour’s whole approach to streamlining the planning system through the Planning and Infrastructure Bill.Advertisement

Part 3 of the bill will make it possible for developers to ignore existing environmental protections by paying money into a so-called ‘Nature Recovery Fund’, which will be used to pay for environmental projects elsewhere.
Starmer and Reeves have gone out of their way, time after time, to claim that it’s these environmental safeguards that are responsible for delays and blockages in the planning process, even though they know this is completely untrue.
According to the Wildlife Trusts, roughly 3 per cent of proposals for new housing are delayed for environmental reasons. As The Guardian reported: ‘the data from analysis of 17,433 planning appeals in England in 2024 found that newts were relevant in just 140planning appeals, and bats were relevant in 432.’
‘They pursue this path even though are no polls to show that this is what matters to Labour voters tempted by Reform’
So what makes Starmer and Reeves both stupid and totally dishonest? By all accounts the rationale of their tin-eared advisers is to demonstrate to ‘Reform-friendly’ Labour voters that the environment is as unsafe in their hands as it would be in Nigel Farage’s. That economic growth is all that matters. That caring for the natural world is a middle-class self-indulgence. And that pouring as much concrete as possible is self-evidently the best way of achieving that growth.
And they go on pursuing this ideological path even though there are no supporting polls to show that this is what really matters to Labour voters tempted by Reform’s populist bullshit.Advertisement

So they lie. They dig in. They break promises left, right and centre, ready to die, apparently, in this self-constructed ditch of developer-led deceit. That’s why every single amendment put forward through the committee examining the bill was summarily dismissed by the loyal but lumpen Labour MPs on the committee.
These included an amendment tabled by veteran Labour MP Barry Gardiner requiring all house builders to provide a specially designed brickto help cavity-nesting such as swifts, house martins, sparrows and starlings – a measure that Labour in opposition enthusiastically supported! And there’s huge public support for this one small, cost-effective biodiversity regulation.
To get a measure of this government’s subservient obedience to the demands of the volume housebuilders, just listen to the words of housing minister Matthew Pennycook: ‘We are not convinced that legislating to mandate the use of specific wildlife features is the right approach, whether that is done through building regulations or a freestanding legal requirement'.
It’s all so demeaning. So unnecessary. And now that the mainstream environment movement, urged on primarily by the Wildlife Trusts, has realised just how high the stakes are with this Planning and Infrastructure Bill, it’s reasonable to assume that there will be a much more serious debate in the House of Lords, bringing down on ministers’ helmeted heads the righteous outrage of the entire movement.
As we’ve learnt, in less than one deeply depressing year, this is a government that needs to be kicked harder and harder until they get desperate enough to make the pain go away.
P.S. If you want to read a brilliant summary of ‘reasons to be outraged’, check out George Monbiot’s take on this.
Jonathon Porritt is a campaigner and author and co-founder of Forum for the Future
This article first appeared on his blog

2025-06-06
Jonathon Porritt

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#starmer #reeves #big #planning #idea

Starmer and Reeves’ big planning idea? Trash nature and concrete it over
I don’t know why, but it continues to astonish me just how foolish politicians can be – and how easily persuaded they are by really bad advice from smart but tin-eared advisers. In less than a year, Keir Starmer and Rachel Reeves have squandered the gift of the huge majority won at last year’s General Election on one key issue after another: their response to the genocide in Gaza; wantonly cruel cuts in disability benefits; failing to find creative ways of taxing wealth; dealing with the water companies – and, now, on the new Planning and Infrastructure Bill. On 23 May 23, the Wildlife Trusts and the RSPBlaunched a devastating attack on Labour’s whole approach to streamlining the planning system through the Planning and Infrastructure Bill.Advertisement Part 3 of the bill will make it possible for developers to ignore existing environmental protections by paying money into a so-called ‘Nature Recovery Fund’, which will be used to pay for environmental projects elsewhere. Starmer and Reeves have gone out of their way, time after time, to claim that it’s these environmental safeguards that are responsible for delays and blockages in the planning process, even though they know this is completely untrue. According to the Wildlife Trusts, roughly 3 per cent of proposals for new housing are delayed for environmental reasons. As The Guardian reported: ‘the data from analysis of 17,433 planning appeals in England in 2024 found that newts were relevant in just 140planning appeals, and bats were relevant in 432.’ ‘They pursue this path even though are no polls to show that this is what matters to Labour voters tempted by Reform’ So what makes Starmer and Reeves both stupid and totally dishonest? By all accounts the rationale of their tin-eared advisers is to demonstrate to ‘Reform-friendly’ Labour voters that the environment is as unsafe in their hands as it would be in Nigel Farage’s. That economic growth is all that matters. That caring for the natural world is a middle-class self-indulgence. And that pouring as much concrete as possible is self-evidently the best way of achieving that growth. And they go on pursuing this ideological path even though there are no supporting polls to show that this is what really matters to Labour voters tempted by Reform’s populist bullshit.Advertisement So they lie. They dig in. They break promises left, right and centre, ready to die, apparently, in this self-constructed ditch of developer-led deceit. That’s why every single amendment put forward through the committee examining the bill was summarily dismissed by the loyal but lumpen Labour MPs on the committee. These included an amendment tabled by veteran Labour MP Barry Gardiner requiring all house builders to provide a specially designed brickto help cavity-nesting such as swifts, house martins, sparrows and starlings – a measure that Labour in opposition enthusiastically supported! And there’s huge public support for this one small, cost-effective biodiversity regulation. To get a measure of this government’s subservient obedience to the demands of the volume housebuilders, just listen to the words of housing minister Matthew Pennycook: ‘We are not convinced that legislating to mandate the use of specific wildlife features is the right approach, whether that is done through building regulations or a freestanding legal requirement'. It’s all so demeaning. So unnecessary. And now that the mainstream environment movement, urged on primarily by the Wildlife Trusts, has realised just how high the stakes are with this Planning and Infrastructure Bill, it’s reasonable to assume that there will be a much more serious debate in the House of Lords, bringing down on ministers’ helmeted heads the righteous outrage of the entire movement. As we’ve learnt, in less than one deeply depressing year, this is a government that needs to be kicked harder and harder until they get desperate enough to make the pain go away. P.S. If you want to read a brilliant summary of ‘reasons to be outraged’, check out George Monbiot’s take on this. Jonathon Porritt is a campaigner and author and co-founder of Forum for the Future This article first appeared on his blog 2025-06-06 Jonathon Porritt comment and share #starmer #reeves #big #planning #idea

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Starmer and Reeves’ big planning idea? Trash nature and concrete it over
I don’t know why, but it continues to astonish me just how foolish politicians can be – and how easily persuaded they are by really bad advice from smart but tin-eared advisers. In less than a year, Keir Starmer and Rachel Reeves have squandered the gift of the huge majority won at last year’s General Election on one key issue after another: their response to the genocide in Gaza; wantonly cruel cuts in disability benefits; failing to find creative ways of taxing wealth; dealing with the water companies – and, now, on the new Planning and Infrastructure Bill. On 23 May 23, the Wildlife Trusts and the RSPB (with a combined membership of more than 2 million) launched a devastating attack on Labour’s whole approach to streamlining the planning system through the Planning and Infrastructure Bill.Advertisement Part 3 of the bill will make it possible for developers to ignore existing environmental protections by paying money into a so-called ‘Nature Recovery Fund’, which will be used to pay for environmental projects elsewhere. Starmer and Reeves have gone out of their way, time after time, to claim that it’s these environmental safeguards that are responsible for delays and blockages in the planning process, even though they know this is completely untrue. According to the Wildlife Trusts, roughly 3 per cent of proposals for new housing are delayed for environmental reasons. As The Guardian reported: ‘the data from analysis of 17,433 planning appeals in England in 2024 found that newts were relevant in just 140 (0.8%) planning appeals, and bats were relevant in 432 (2.48%).’ ‘They pursue this path even though are no polls to show that this is what matters to Labour voters tempted by Reform’ So what makes Starmer and Reeves both stupid and totally dishonest? By all accounts the rationale of their tin-eared advisers is to demonstrate to ‘Reform-friendly’ Labour voters that the environment is as unsafe in their hands as it would be in Nigel Farage’s. That economic growth is all that matters. That caring for the natural world is a middle-class self-indulgence (‘the well-to-do prioritising the nice-to-have’ over the interests of working people). And that pouring as much concrete as possible is self-evidently the best way of achieving that growth. And they go on pursuing this ideological path even though there are no supporting polls to show that this is what really matters to Labour voters tempted by Reform’s populist bullshit.Advertisement So they lie. They dig in. They break promises left, right and centre, ready to die, apparently, in this self-constructed ditch of developer-led deceit. That’s why every single amendment put forward through the committee examining the bill was summarily dismissed by the loyal but lumpen Labour MPs on the committee. These included an amendment tabled by veteran Labour MP Barry Gardiner requiring all house builders to provide a specially designed brick (costing £35) to help cavity-nesting such as swifts, house martins, sparrows and starlings – a measure that Labour in opposition enthusiastically supported! And there’s huge public support for this one small, cost-effective biodiversity regulation. To get a measure of this government’s subservient obedience to the demands of the volume housebuilders, just listen to the words of housing minister Matthew Pennycook: ‘We are not convinced that legislating to mandate the use of specific wildlife features is the right approach, whether that is done through building regulations or a freestanding legal requirement'. It’s all so demeaning. So unnecessary. And now that the mainstream environment movement, urged on primarily by the Wildlife Trusts, has realised just how high the stakes are with this Planning and Infrastructure Bill, it’s reasonable to assume that there will be a much more serious debate in the House of Lords, bringing down on ministers’ helmeted heads the righteous outrage of the entire movement. As we’ve learnt, in less than one deeply depressing year, this is a government that needs to be kicked harder and harder until they get desperate enough to make the pain go away. P.S. If you want to read a brilliant summary of ‘reasons to be outraged’ (and what to do about it), check out George Monbiot’s take on this. Jonathon Porritt is a campaigner and author and co-founder of Forum for the Future This article first appeared on his blog 2025-06-06 Jonathon Porritt comment and share

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2025-06-05 08:42:52 -

There's doom and gloom about the economy, but million-dollar Hamptons home sales are booming

A Bridgehampton home that Susan Breitenbach, a Hamptons real estate agent, sold for more than million in May 2025.

Courtesy of Susan Breitenbach

2025-06-05T08:07:01Z

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Hamptons home sales are booming despite stock market volatility and recession fears.
Home sales were up about 86% in the first quarter over the same time period in 2024.
Prices and sales are soaring in the beach destination despite Wall Street volatility.

As Wall Street reels with every twist and turn in President Donald Trump's trade war, there's little sign of economic uncertainty in Manhattan's favorite beach destination just 100 miles east.Demand for luxury real estate in the Hamptons is only growing. Sales and home prices have surged over the last year.Rising prices in the tony enclave are nothing new. The pandemic ushered in a surge of buyers looking to escape the city. The median sales price of homes in the Hamptons in the first quarter of 2025 was more than million, a 13% increase over the previous year and nearly double what it was five years ago, according to a recent Douglas Elliman report.Perhaps more notably, the pace of sales is also soaring this year. Sales were up about 86% in the first quarter over the same time period last year, according to the Douglas Elliman report. That's after home sales fell in the wake of the pandemic buying frenzy, and haven't returned to the highs of 2020."The tired story of the housing recovery coming out of the pandemic is high prices, low sales," Jonathan Miller, who leads the real estate appraisal and consulting firm Miller Samuel and authored the Douglas Elliman report, told Business Insider. "The Hamptons doesn't fit that pattern. It's high prices and high sales."Miller added that the sharp rise in sales is "unusual and counter to the prevailing trends."Susan Breitenbach, a top Hamptons real estate agent with the Corcoran Group, said she's closed more deals so far this year than in all of 2024. She's sold a slew of luxury homes, including a million oceanfront property in Bridgehampton, an Amagansett home for million, a Sag Harbor home on less than an acre for million, and a Southampton house for million.
"It was really very surprising," Breitenbach, who's been selling property in the Hamptons for more than 30 years, told BI.

A Southampton home Breitenbach sold for million in May 2025.

Courtesy of Susan Breitenbach

While some agents like Breitenbach are closing deals at the highest end of the market, the middle of the Hamptons market — homes between million and million — has driven the uptick in sales. These "meat and potatoes" sales, Miller said, are way up.So-called "tangible assets," like luxury real estate in very in-demand markets, can be particularly attractive to certain investors when markets are wobbly.Global stocks plummeted following Trump's "Liberation Day" tariffs announcement, and while they've mostly rebounded since the administration walked back some of their tariffs, markets are on edge. In early June, the Organization for Economic Co-operation and Development cut its forecast for the US economic growth rate in 2025 from 2.8% to 1.6%, citing Trump's trade policies."Hamptons real estate has a long history of appreciating over time," Andrew Saunders, president of the Hamptons real estate brokerage Saunders & Associates, told BI. Some more cautious buyers "might look at what's happening in the world at large and say, 'You know what, I'm going to wait a month or two and let the world take a few spins and see what happens.' But we're not seeing that occur en masse."Miller credited big Wall Street bonuses in 2024 for some of the spike in sales and agreed that market volatility could be pushing some to diversify their investments.The Hamptons rental market might be more sensitive to economic uncertainty. Breitenbach said rental interest was much higher than usual in January but has since fallen off. Miller, who doesn't track rentals in the Hamptons, added that an increase in sales would naturally lead to a drop in rental demand.Breitenbach recently listed a home on 2.5 acres of oceanfront property in Water Mill, which sits between Southampton and Bridgehampton, for million. "It's not about the house, it's about the land," she added. "And that's a deal."

A Southampton home Breitenbach sold for nearly million in January.

Courtesy of Susan Breitenbach

Hamptons buyers are from all over. Breitenbach said she's seen an uptick in California buyers this year, and she still has foreign buyers. But a large share of her clients are still Manhattanites."A lot of it is the high-end New York — Manhattan — buyers, because there aren't many places they can go on the weekends," she said.Breitenbach said Memorial Day weekend this year felt more packed than ever out east, even with cooler-than-normal weather. "It looked like Fourth of July," she said.She doesn't expect market volatility and even threats of a recession to change that."It's going to be a busy summer in the Hamptons regardless," Breitenbach said. "People keep coming out here no matter what's going on."
#there039s #doom #gloom #about #economy

There's doom and gloom about the economy, but million-dollar Hamptons home sales are booming
A Bridgehampton home that Susan Breitenbach, a Hamptons real estate agent, sold for more than million in May 2025. Courtesy of Susan Breitenbach 2025-06-05T08:07:01Z d Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Hamptons home sales are booming despite stock market volatility and recession fears. Home sales were up about 86% in the first quarter over the same time period in 2024. Prices and sales are soaring in the beach destination despite Wall Street volatility. As Wall Street reels with every twist and turn in President Donald Trump's trade war, there's little sign of economic uncertainty in Manhattan's favorite beach destination just 100 miles east.Demand for luxury real estate in the Hamptons is only growing. Sales and home prices have surged over the last year.Rising prices in the tony enclave are nothing new. The pandemic ushered in a surge of buyers looking to escape the city. The median sales price of homes in the Hamptons in the first quarter of 2025 was more than million, a 13% increase over the previous year and nearly double what it was five years ago, according to a recent Douglas Elliman report.Perhaps more notably, the pace of sales is also soaring this year. Sales were up about 86% in the first quarter over the same time period last year, according to the Douglas Elliman report. That's after home sales fell in the wake of the pandemic buying frenzy, and haven't returned to the highs of 2020."The tired story of the housing recovery coming out of the pandemic is high prices, low sales," Jonathan Miller, who leads the real estate appraisal and consulting firm Miller Samuel and authored the Douglas Elliman report, told Business Insider. "The Hamptons doesn't fit that pattern. It's high prices and high sales."Miller added that the sharp rise in sales is "unusual and counter to the prevailing trends."Susan Breitenbach, a top Hamptons real estate agent with the Corcoran Group, said she's closed more deals so far this year than in all of 2024. She's sold a slew of luxury homes, including a million oceanfront property in Bridgehampton, an Amagansett home for million, a Sag Harbor home on less than an acre for million, and a Southampton house for million. "It was really very surprising," Breitenbach, who's been selling property in the Hamptons for more than 30 years, told BI. A Southampton home Breitenbach sold for million in May 2025. Courtesy of Susan Breitenbach While some agents like Breitenbach are closing deals at the highest end of the market, the middle of the Hamptons market — homes between million and million — has driven the uptick in sales. These "meat and potatoes" sales, Miller said, are way up.So-called "tangible assets," like luxury real estate in very in-demand markets, can be particularly attractive to certain investors when markets are wobbly.Global stocks plummeted following Trump's "Liberation Day" tariffs announcement, and while they've mostly rebounded since the administration walked back some of their tariffs, markets are on edge. In early June, the Organization for Economic Co-operation and Development cut its forecast for the US economic growth rate in 2025 from 2.8% to 1.6%, citing Trump's trade policies."Hamptons real estate has a long history of appreciating over time," Andrew Saunders, president of the Hamptons real estate brokerage Saunders & Associates, told BI. Some more cautious buyers "might look at what's happening in the world at large and say, 'You know what, I'm going to wait a month or two and let the world take a few spins and see what happens.' But we're not seeing that occur en masse."Miller credited big Wall Street bonuses in 2024 for some of the spike in sales and agreed that market volatility could be pushing some to diversify their investments.The Hamptons rental market might be more sensitive to economic uncertainty. Breitenbach said rental interest was much higher than usual in January but has since fallen off. Miller, who doesn't track rentals in the Hamptons, added that an increase in sales would naturally lead to a drop in rental demand.Breitenbach recently listed a home on 2.5 acres of oceanfront property in Water Mill, which sits between Southampton and Bridgehampton, for million. "It's not about the house, it's about the land," she added. "And that's a deal." A Southampton home Breitenbach sold for nearly million in January. Courtesy of Susan Breitenbach Hamptons buyers are from all over. Breitenbach said she's seen an uptick in California buyers this year, and she still has foreign buyers. But a large share of her clients are still Manhattanites."A lot of it is the high-end New York — Manhattan — buyers, because there aren't many places they can go on the weekends," she said.Breitenbach said Memorial Day weekend this year felt more packed than ever out east, even with cooler-than-normal weather. "It looked like Fourth of July," she said.She doesn't expect market volatility and even threats of a recession to change that."It's going to be a busy summer in the Hamptons regardless," Breitenbach said. "People keep coming out here no matter what's going on." #there039s #doom #gloom #about #economy

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There's doom and gloom about the economy, but million-dollar Hamptons home sales are booming
A Bridgehampton home that Susan Breitenbach, a Hamptons real estate agent, sold for more than $14 million in May 2025. Courtesy of Susan Breitenbach 2025-06-05T08:07:01Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Hamptons home sales are booming despite stock market volatility and recession fears. Home sales were up about 86% in the first quarter over the same time period in 2024. Prices and sales are soaring in the beach destination despite Wall Street volatility. As Wall Street reels with every twist and turn in President Donald Trump's trade war, there's little sign of economic uncertainty in Manhattan's favorite beach destination just 100 miles east.Demand for luxury real estate in the Hamptons is only growing. Sales and home prices have surged over the last year.Rising prices in the tony enclave are nothing new. The pandemic ushered in a surge of buyers looking to escape the city. The median sales price of homes in the Hamptons in the first quarter of 2025 was more than $2 million, a 13% increase over the previous year and nearly double what it was five years ago, according to a recent Douglas Elliman report.Perhaps more notably, the pace of sales is also soaring this year. Sales were up about 86% in the first quarter over the same time period last year, according to the Douglas Elliman report. That's after home sales fell in the wake of the pandemic buying frenzy, and haven't returned to the highs of 2020."The tired story of the housing recovery coming out of the pandemic is high prices, low sales," Jonathan Miller, who leads the real estate appraisal and consulting firm Miller Samuel and authored the Douglas Elliman report, told Business Insider. "The Hamptons doesn't fit that pattern. It's high prices and high sales."Miller added that the sharp rise in sales is "unusual and counter to the prevailing trends."Susan Breitenbach, a top Hamptons real estate agent with the Corcoran Group, said she's closed more deals so far this year than in all of 2024. She's sold a slew of luxury homes, including a $17.5 million oceanfront property in Bridgehampton, an Amagansett home for $13 million, a Sag Harbor home on less than an acre for $21 million, and a Southampton house for $5.6 million. "It was really very surprising," Breitenbach, who's been selling property in the Hamptons for more than 30 years, told BI. A Southampton home Breitenbach sold for $5.6 million in May 2025. Courtesy of Susan Breitenbach While some agents like Breitenbach are closing deals at the highest end of the market, the middle of the Hamptons market — homes between $1 million and $5 million — has driven the uptick in sales. These "meat and potatoes" sales, Miller said, are way up.So-called "tangible assets," like luxury real estate in very in-demand markets, can be particularly attractive to certain investors when markets are wobbly.Global stocks plummeted following Trump's "Liberation Day" tariffs announcement, and while they've mostly rebounded since the administration walked back some of their tariffs, markets are on edge. In early June, the Organization for Economic Co-operation and Development cut its forecast for the US economic growth rate in 2025 from 2.8% to 1.6%, citing Trump's trade policies."Hamptons real estate has a long history of appreciating over time," Andrew Saunders, president of the Hamptons real estate brokerage Saunders & Associates, told BI. Some more cautious buyers "might look at what's happening in the world at large and say, 'You know what, I'm going to wait a month or two and let the world take a few spins and see what happens.' But we're not seeing that occur en masse."Miller credited big Wall Street bonuses in 2024 for some of the spike in sales and agreed that market volatility could be pushing some to diversify their investments.The Hamptons rental market might be more sensitive to economic uncertainty. Breitenbach said rental interest was much higher than usual in January but has since fallen off. Miller, who doesn't track rentals in the Hamptons, added that an increase in sales would naturally lead to a drop in rental demand.Breitenbach recently listed a home on 2.5 acres of oceanfront property in Water Mill, which sits between Southampton and Bridgehampton, for $44.5 million. "It's not about the house, it's about the land," she added. "And that's a deal." A Southampton home Breitenbach sold for nearly $12.7 million in January. Courtesy of Susan Breitenbach Hamptons buyers are from all over. Breitenbach said she's seen an uptick in California buyers this year, and she still has foreign buyers. But a large share of her clients are still Manhattanites."A lot of it is the high-end New York — Manhattan — buyers, because there aren't many places they can go on the weekends," she said.Breitenbach said Memorial Day weekend this year felt more packed than ever out east, even with cooler-than-normal weather. "It looked like Fourth of July," she said.She doesn't expect market volatility and even threats of a recession to change that."It's going to be a busy summer in the Hamptons regardless," Breitenbach said. "People keep coming out here no matter what's going on."

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Computer Weekly shared a link
2025-06-05 08:40:15 -

Put ROCs before SOCs, Qualys tells public sector

The security operations centrehas served public sector cyber teams well over the years but is fundamentally a reactive tool and now needs to be superseded by something else in order to address not just alerts about in-progress security events but the underlying risks that lead to them, all in the service of ‘doing’ cyber more efficiently and, crucially, cheaper.
This is the view of Qualys CEO Sumedh Thakar, who, speaking at an event for federal government IT leaders hosted in the Washington DC suburbs at the end of May, defined the new-generation SOC as a ROC, where the letter R stands for risk.
Thakar said that things needed to change in the cyber security world. “Continuing in the way that we have where we would scan every week or two and those scans were dumped somewhere on a hard drive somewhere and then someone goes and triages those manually and then you try to fix everything that comes your way – that approach is not really a success,” he said. “Continuing that approach is just not in the future.”
He urged CISOs to stop putting so much effort into attack surface management and refocus on risk surface management, where risk management is defined as the mitigation of risk – or transfer of it to someone else – for the most plausible losses that could affect the organisation.
It is not possible to get risk down to zero, so it is important to figure out how to address the most plausible factors and address those instead.
For a company the most plausible loss will likely be a dollar revenue or profit figure. However, public sector organisations have it tough because they have a very different perspective on what ‘loss’ looks like beyond the financial cost.
For example, they could and should be more worried about the safety of the general public or frontline personnel, national security, critical infrastructure security, economic stability, or public health, said Thakar, referencing attacks such as the infamous Colonial Pipeline incident, which paralysed petrol stations across a swathe of the US in 2022.
“For most agencies it is really about aligning factors to what is the potential disruption to the mission, to the programme, that currently is important,” he said.

Translating this into action for public sector buyers – wherever they may be located – Jonathan Trull, CISO and senior vice president of security solution architecture, and Mayuresh Ektare, vice president of product management at Qualys, said they wanted to help public sector CISOs make the most of the limited resources they have available to them in the face of a mountain of security data
“Our larger customers are having to deal with not a million findings, but hundreds of millions of findings on a daily basis. It is not humanly possible to go and patch or mitigate them all. This is where the concept of a risk operation centre is absolutely needed,” said Ektare.
“You’ve got a limited number of resources at your disposal – how do you point them in the right direction so that you can actually reduce the risk that matters to your agencies the most.”
Ektare described running an ROC as being a “peacetime” activity for defenders, comparing it to an SOC which is more akin to a wartime situation room.
Trull, who spent 12 years working in cyber roles for the state of Colorado, rising to the post of CISO, said: “If this was a capability I’d have had back in the day … an ability to continuously aggregatenormalise, whatever standard they were using, because we didn’t dictate – it was very much you decide what tooling you want and you use that tooling effectively. But what I needed was an accurate picture to advise the governor and the legislature what risks we’re facing on a monthly basis – that wasn’t available.
“If you’re a customer a lot of this is built and in the solution, so in these federated environments in which you’re trying to gain control I can’t think of a better option than looking at this concept of an ROC,” he said.

about risk management

Data risk management identifies, assesses and mitigates threats to organisational data, safeguarding sensitive information from unauthorised access.
Knowing the types of risks businesses commonly face and their applicability to your company is a first step toward effective risk management.
Every facet of business operations is exposed to risks, requiring a risk management team that's composed of a diverse mix of corporate executives and managers.
#put #rocs #before #socs #qualys

Put ROCs before SOCs, Qualys tells public sector
The security operations centrehas served public sector cyber teams well over the years but is fundamentally a reactive tool and now needs to be superseded by something else in order to address not just alerts about in-progress security events but the underlying risks that lead to them, all in the service of ‘doing’ cyber more efficiently and, crucially, cheaper. This is the view of Qualys CEO Sumedh Thakar, who, speaking at an event for federal government IT leaders hosted in the Washington DC suburbs at the end of May, defined the new-generation SOC as a ROC, where the letter R stands for risk. Thakar said that things needed to change in the cyber security world. “Continuing in the way that we have where we would scan every week or two and those scans were dumped somewhere on a hard drive somewhere and then someone goes and triages those manually and then you try to fix everything that comes your way – that approach is not really a success,” he said. “Continuing that approach is just not in the future.” He urged CISOs to stop putting so much effort into attack surface management and refocus on risk surface management, where risk management is defined as the mitigation of risk – or transfer of it to someone else – for the most plausible losses that could affect the organisation. It is not possible to get risk down to zero, so it is important to figure out how to address the most plausible factors and address those instead. For a company the most plausible loss will likely be a dollar revenue or profit figure. However, public sector organisations have it tough because they have a very different perspective on what ‘loss’ looks like beyond the financial cost. For example, they could and should be more worried about the safety of the general public or frontline personnel, national security, critical infrastructure security, economic stability, or public health, said Thakar, referencing attacks such as the infamous Colonial Pipeline incident, which paralysed petrol stations across a swathe of the US in 2022. “For most agencies it is really about aligning factors to what is the potential disruption to the mission, to the programme, that currently is important,” he said. Translating this into action for public sector buyers – wherever they may be located – Jonathan Trull, CISO and senior vice president of security solution architecture, and Mayuresh Ektare, vice president of product management at Qualys, said they wanted to help public sector CISOs make the most of the limited resources they have available to them in the face of a mountain of security data “Our larger customers are having to deal with not a million findings, but hundreds of millions of findings on a daily basis. It is not humanly possible to go and patch or mitigate them all. This is where the concept of a risk operation centre is absolutely needed,” said Ektare. “You’ve got a limited number of resources at your disposal – how do you point them in the right direction so that you can actually reduce the risk that matters to your agencies the most.” Ektare described running an ROC as being a “peacetime” activity for defenders, comparing it to an SOC which is more akin to a wartime situation room. Trull, who spent 12 years working in cyber roles for the state of Colorado, rising to the post of CISO, said: “If this was a capability I’d have had back in the day … an ability to continuously aggregatenormalise, whatever standard they were using, because we didn’t dictate – it was very much you decide what tooling you want and you use that tooling effectively. But what I needed was an accurate picture to advise the governor and the legislature what risks we’re facing on a monthly basis – that wasn’t available. “If you’re a customer a lot of this is built and in the solution, so in these federated environments in which you’re trying to gain control I can’t think of a better option than looking at this concept of an ROC,” he said. about risk management Data risk management identifies, assesses and mitigates threats to organisational data, safeguarding sensitive information from unauthorised access. Knowing the types of risks businesses commonly face and their applicability to your company is a first step toward effective risk management. Every facet of business operations is exposed to risks, requiring a risk management team that's composed of a diverse mix of corporate executives and managers. #put #rocs #before #socs #qualys

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Put ROCs before SOCs, Qualys tells public sector
The security operations centre (SOC) has served public sector cyber teams well over the years but is fundamentally a reactive tool and now needs to be superseded by something else in order to address not just alerts about in-progress security events but the underlying risks that lead to them, all in the service of ‘doing’ cyber more efficiently and, crucially, cheaper. This is the view of Qualys CEO Sumedh Thakar, who, speaking at an event for federal government IT leaders hosted in the Washington DC suburbs at the end of May, defined the new-generation SOC as a ROC, where the letter R stands for risk. Thakar said that things needed to change in the cyber security world. “Continuing in the way that we have where we would scan every week or two and those scans were dumped somewhere on a hard drive somewhere and then someone goes and triages those manually and then you try to fix everything that comes your way – that approach is not really a success,” he said. “Continuing that approach is just not in the future.” He urged CISOs to stop putting so much effort into attack surface management and refocus on risk surface management, where risk management is defined as the mitigation of risk – or transfer of it to someone else – for the most plausible losses that could affect the organisation. It is not possible to get risk down to zero, so it is important to figure out how to address the most plausible factors and address those instead. For a company the most plausible loss will likely be a dollar revenue or profit figure. However, public sector organisations have it tough because they have a very different perspective on what ‘loss’ looks like beyond the financial cost. For example, they could and should be more worried about the safety of the general public or frontline personnel, national security, critical infrastructure security, economic stability, or public health, said Thakar, referencing attacks such as the infamous Colonial Pipeline incident, which paralysed petrol stations across a swathe of the US in 2022. “For most agencies it is really about aligning factors to what is the potential disruption to the mission, to the programme, that currently is important,” he said. Translating this into action for public sector buyers – wherever they may be located – Jonathan Trull, CISO and senior vice president of security solution architecture, and Mayuresh Ektare, vice president of product management at Qualys, said they wanted to help public sector CISOs make the most of the limited resources they have available to them in the face of a mountain of security data “Our larger customers are having to deal with not a million findings, but hundreds of millions of findings on a daily basis. It is not humanly possible to go and patch or mitigate them all. This is where the concept of a risk operation centre is absolutely needed,” said Ektare. “You’ve got a limited number of resources at your disposal – how do you point them in the right direction so that you can actually reduce the risk that matters to your agencies the most.” Ektare described running an ROC as being a “peacetime” activity for defenders, comparing it to an SOC which is more akin to a wartime situation room. Trull, who spent 12 years working in cyber roles for the state of Colorado, rising to the post of CISO, said: “If this was a capability I’d have had back in the day … an ability to continuously aggregate [and] normalise, whatever standard they were using, because we didn’t dictate – it was very much you decide what tooling you want and you use that tooling effectively. But what I needed was an accurate picture to advise the governor and the legislature what risks we’re facing on a monthly basis – that wasn’t available. “If you’re a customer a lot of this is built and in the solution, so in these federated environments in which you’re trying to gain control I can’t think of a better option than looking at this concept of an ROC,” he said. Read more about risk management Data risk management identifies, assesses and mitigates threats to organisational data, safeguarding sensitive information from unauthorised access. Knowing the types of risks businesses commonly face and their applicability to your company is a first step toward effective risk management. Every facet of business operations is exposed to risks, requiring a risk management team that's composed of a diverse mix of corporate executives and managers.

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