Top stories today:

1. Tesla Cybertruck explosion outside Trump hotel probed as terror attack
2. Apple fails to announce new hardware in 2024, first in 14 years
3. Number of VCs in U.S. -25% since 2021 peak as focus shifts
4. SEC writes off $10B in unpaid fines over past 10 years
5. NVIDIA’s VC investments +15% YoY to $1B in 2024
6. U.S. stocks fall to close out best 2-year stretch since 1998

0. Data and calendar

Listen to our AI-generated podcast summarizing today’s newsletter (beware of the few hallucinations):

1. Tesla Cybertruck explosion outside Trump hotel in Las Vegas probed as terror attack

• Wed.: Cybertruck pulled up to the entrance of the Trump Las Vegas hotel.

• Smoke appeared from the vehicle before the massive explosion.

• The driver, reportedly an Army veteran, died and 7 others sustained minor injuries, per authorities.

• The Cybertruck contained the explosion and directed the blast upwards, Elon Musk said.

Authorities are investigating any link to the terror attack in New Orleans that killed at least 15

• Dozens more injured after Shamsud-Din Jabbar, an American veteran from Texas, drove into the crowd and then started shooting.

• Happened just hours before the Cybertruck incident.

• ISIS flag found in the suspect’s car.

• Overnight, a mass shooting in Queens left at least 10 people wounded. It is unknown whether it is linked to the other events.

3. Apple fails to announce new hardware product lines in 2024, first time in 14 years

• Existing product lines were updated in 2024, with no new products launched.

• 2010-2023: at least 27 new Apple products were launched.

• iPad in 2010 and Apple Vision Pro in 2023 were among the new products.

• Command Center, HomePod-like device with a 7” display, may debut in 2025.

4. Number of VCs in U.S. -25% since 2021 peak as focus shifts to tech giants