China leads U.S. sanctions evasion for Russia, Iran & North Korea, with Hong Kong as the shadow economy hub. Google sues a China-based phishing network. AI IP battles rage, $3.8T M&A booms, and EPA plans controversial PFAS forever chemicals rollback in 2025.

🎯 WHAT YOU’LL LEARN

• How China is enabling sanctions evasion for Russia, Iran, and North Korea and why Hong Kong is central.
• Why Google is suing China-based phishing network tied to toll-booth SMS scams.
• How Common Crawl, AI scraping practices, and the New York Times lawsuit signal a major IP showdown in AI.
• Why Nvidia is pushing small-scale language models and what this means for efficiency and compute strategy.
• How potential PFAS rule rollbacks could disrupt national environmental protections.
• Why Goldman Sachs is dominating a $3.8T M&A market and what new Philadelphia Fed data shows about consumer credit and delinquencies.

🔍 TIMESTAMPS

00:00 Intro — Geopolitics, Cyber Crime, AI & Markets

00:24 China Sanctions Evasion — Shadow Fleets & Tech

01:47 N. Korean Cybercrime & Chinese Networks

02:09 Google Sues Lighthouse — Phishing & RICO

03:48 AI Scraping & NYT IP Fight

05:43 Nvidia Small Models

06:52 PFAS Rollback Risk

08:13 M&A Snapshot — Goldman Sachs Market Share

09:05 Sector Trends — Tech, Healthcare, Finance

10:11 Philly Fed — Credit, Spending & Delinquencies

11:14 Wrap-up — Strategic Outlook

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📚 SOURCES & DATA

China’s Sanctions Evasion Network Exposed by USCC: https://www.uscc.gov/research/chinas-facilitation-sanctions-and-export-control-evasion

How China Secretly Pays Iran for Oil & Avoids US Sanctions: https://www.wsj.com/world/middle-east/how-china-secretly-pays-iran-for-oil-and-avoids-u-s-sanctions-b6f1b71e 

Google Lawsuit Targets “Phishing-for-Dummies” Text Scammers: https://cyberscoop.com/google-files-lawsuit-against-lighthouse-phishing-for-dummies-text-scammers

Google Crackdown on Global Scammers: https://blog.google/outreach-initiatives/public-policy/legal-action-and-legislation-fight-scammers/

AI and Data Scraping: https://www.theatlantic.com/technology/2025/11/common-crawl-ai-training-data/684567/

OpenAI Challenges Courts: https://www.reuters.com/business/media-telecom/openai-fights-order-turn-over-millions-chatgpt-conversations-2025-11-12/

Stanford Reveals PFAS Health Risks: https://med.stanford.edu/news/insights/2024/07/pfas-forever-chemicals-health-risks-scientists.html

Full list: https://youtu.be/f_-kMZeCXjs

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