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AMC Entertainment Holdings (AMC) Is Up 8.9% After Debt Refinancing And Note Conversion - Has The Bull Case Changed?
AMC Entertainment Holdings has advanced its balance-sheet overhaul by refinancing US$400 million of high-interest debt on better terms and converting about US$155.8 million of senior secured exchangeable notes into equity, while also preparing to report its second-quarter 2026 results on July 20. These moves reduce long-term obligations and loosen restrictive covenants, potentially giving AMC more room to support core theater operations and future refinancing efforts ahead of its upcoming...
AMC Entertainment Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Acc
AMC (NYSE: AMC) to release Q2 earnings on July 20 before opening bell. Expected loss of 6c/share and revenue of $1.46B.
Cornelius fountain company says water restrictions are bad for business
Due to mandatory water restrictions, Charlotte Water says “the operation of decorative fountains, including recirculating fountains, is prohibited.
A Personal Perspective of U.S.-China Nuclear Science and Security Cooperation
This article by Siegfried S. Hecker presents a historical narrative of U.S.-China cooperation in nuclear security following China’s political opening in the early 1970s.
TikTok Shop is testing a new managed services business in the US
TikTok is rolling out a new pilot program where it will oversee key Shop operations, like hiring creators and making ads, for e-commerce partners.
Partnering with Bunkerhill Health: AI Agents that Improve Patient Outcomes
Nish Khandwala and David Eng are building the AI agent platform to serve every function across the health system: clinical, operational, and administrative.
University implements new shared services model for business operations
Marquette announced today the implementation of a shared services model for business operations.
3 Keizer illicit massage businesses forced to shut down, police say
A multi-agency operation in Keizer has shut down three illicit massage businesses, according to Keizer police.
San Util Design gears up for move to Washington, announces business model changes
This article ran in the June issue of Bicycle Retailer & Industry NewsWINTER PARK, Colo. — San Util Design, a company that handcrafts bags and gear for backcountry travel, bikepacking, and mountain biking, is moving operations from Colorado to Bellingham, Washington. The move, which was planned for the end of June, coincides with changes to San Util’s business model.
Champions of Potomac River mussels summon a ‘science barge’
The Potomac Riverkeeper Network has expanded its mussel-growing operation on the Potomac River with what the group is calling a “science barge.”
TSMC Adds $100 Billion to Its U.S. Spending Plan
The pledge from the Taiwanese chip-making giant brought the total commitment to its fast-growing operations in Arizona to $265 billion.
U.S. and U.K. soldiers participate in Armed Forces Entertainment All-Star Soccer Tour
U.S. Army Soldiers assigned to V Corps subordinate units, Scottish soldiers from the U.K. army and professional soccer players touring with the Armed Forces Entertainment Heat Wave Summer Series, pose for a group photo after completing the scrimmage game during the All-Star Soccer Tour clinic at Tapa Army Base, Estonia, July 9, 2026. The AFE summer programming brings world-class entertainers, athletes, and performers overseas to connect with service members stationed around the globe. By providing unique opportunities for Soldiers to engage with professional talent, build morale, and share memorable experiences away from the mission, the program strengthens the resilience, camaraderie and sense of community that are essential to the military. V Corps is the U.S. Army's only forward-deployed corps, serving as the senior tactical headquarters for Army forces in Eastern Europe to deter conflict and provide combat-ready forces alongside our NATO allies. V Corps is operationalizing and expanding the Eastern Flank Deterrence Initiative with Allies, rapidly integrating emerging technologies into training and tactical plans. (U.S. Army photo by Sgt. Aaron Kaczur, 196th Mobile Public Affairs Detachment)
NewsNight panel reacts to viewer comment about Trump’s ICE operations
NewsNight viewers are welcomed to join the debate via CNN.com. One viewer says: “people elected trump for more deportations but not by any means… Especially violent means.” The NewsNight panel responds.
NFL Coach Drops Honest Admission on Chargers' Justin Herbert
Despite prolific playmaking and elite physical tools, rival coordinators question the star quarterback’s maturity and operational mastery as he fights to secure his first playoff victory.
Lowcountry business creates new job opportunities for locals, veterans
Sterling Helicopter plans to open its first South Carolina operation in Beaufort County this September.
Lowcountry business creates new job opportunities for locals, veterans
Sterling Helicopter plans to open its first South Carolina operation in Beaufort County this September.
ZeniMax Online Studios leadership to exit as part of Xbox cuts
There are major changes happening atop Maryland-based ZeniMax Online Studios, developer of the Elder Scrolls Online, Game File has learned. Joe Burba, a 14-year veteran of the studio who was appointed to run it last July, is departing, along with ESO executive producer Susan Kath, studio game director Rich Lambert and production director Ala Diaz. Their roles were listed among hundreds of others cut last week from the Maryland offices of ZeniMax, in a WARN letter sent to the state by ZeniMax and obtained today by Game File. Tonight, BUrbam Kath, Lambert and Diaz notified Zenimax Online Studios workers of plans to “transition” to a new leadership team consisting of promoted ZOS veterans. That transition will occur “over the next few months,” they told workers, according to a copy of the notice reviewed by Game File. “We will remain in place during the transition period to help ensure a smooth handoff.” Last week, Microsoft laid off of 1,600 workers across its vast gaming teams in locations around the U.S. and abroad. Just who has been impacted and how hard various studios have been hit has been emerging day by day. Game File reported last week that Microsoft/ZeniMax notified officials in Maryland that 379 gaming jobs were being cut across the state. They tallied cuts in two locations: one for ZeniMax Media Inc. (covering Elder Scrolls/Starfield/Fallout-maker Bethesda Game Studios and central Bethesda game publishing) and one for ZeniMax Online Studios (Elder Scrolls Online). More than 200 jobs were cut at the latter. Last week’s totals did not reveal job titles, nor did Microsoft announce any leadership changes in the ZeniMax group. That has now happened. Earlier today, Game File obtained from Maryland officials a breakdown of the 379 impacted roles, which, extraordinarily, included “studio head.” Microsoft later confirmed to Game File which studio head that referred to: ZeniMax Online Studios’. Microsoft has since has notified studio employees and internally announced new leadership. ZOS will now be run by Josh Henderson, previously head of business operations at the studio, and Nick Giacomini, who was promoted to game director for ESO last August. Game File is a reader-supported publication. To receive new posts and support my journalism, please consider becoming a free or paid subscriber. Subscribe Last week’s news of 200+ cuts at ZeniMax Online Studios generated public sympathy for those workers and questions about the long-term viability of the Elder Scrolls Online. ESO is a massively multiplayer online game that inherently persists on the strength of new content being developed for it. Earlier today, fans and workers in Maryland protested the cuts at the ZeniMax teams in a rally organized by the Communication Workers of America, the union that represents many of the impacted employees. Regarding concerns around the game, a community manager stated on Saturday: “The plan is still to deliver great content, and we will hopefully have an update soon.” In their note to the studio today, the outgoing leaders of ZeniMax Online Studios predicted “growth” for the game: We have tremendous confidence in Josh and Nick, the future of this studio, and the continued growth of ESO. With exciting experiences still ahead for our players as we wrap up work for Update 51 and beyond, we believe that your passion, creativity, and commitment to each other and the community will continue serving as the heartbeat of ESO. The list of jobs cut in the ZeniMax WARN notice in Maryland includes several very senior roles, including: Studio Head Studio Operations Director Studio Game Director Studio Audio Director Studio Art Manager Vice President and Controller VP, Global Sales & Business Development While some of those job descriptions match the exiting ZOS leadership team, Game File couldn’t verify if all were from that studio. The full list of cut roles shared by Maryland officials also covers workers at Bethesda Game Studios and its central publishing office. The following is an excerpt: The list of 379 eliminated ZeniMax jobs in Maryland also includes: four animators three bilingual CS (community service) leads for Chinese, Italian, and Japanese a creative director for the Elder Scrolls Online Player Life Cycle two food service workers seven producers more than 60 senior QA testers. and many others The WARN notice states that almost all of the 379 workers were notified of their layoff on July 6. In fine print, it states: “Approximately 9 employees were notified of the elimination of their position prior to July 6, 2026.” A 2021 mega-merger scaled back Microsoft announced in 2020 that it intended to buy ZeniMax and its network of game studios in 2020, and closed the $7.5 billion deal in March 2021. The purchase, which preceded Microsoft’s acquisition of Activision Blizzard, added several award-winning studios to Microsoft’s portfolio, including Bethesda (Elder Scrolls, Fallout), Arkane (Dishonored), and id Software (Doom). The studios’ output since then included a 2024 Game of the Year contented from MachineGames in the form of Indiana Jones and the Great Circle along with Starfield from Bethesda and the poorly-received Redfall from Arkane Austin. In recent years, a Microsoft repeatedly in cutback mode closed ZeniMax’s Tango Gameworks (which was reconstituted by Krafton) and closed Arkane Austin. The Xbox cuts last week have hit the ZeniMax group hard, with 158 jobs eliminated in Texas, many of them at id, and 379 from the ZeniMax teams in Maryland. Xbox also said last week that it would be entering a consultation process around Arkane Lyon, a process expected to end in a sale, shutdown or other form of divestment. The Lyon team has been working on a game tied to Marvel’s Blade vampire-hunting super-hero.
Trump weighing options for expanding military operations in Iran
President Donald Trump has been receiving options for expanding the military operation in Iran, according to people familiar with the matter, including during a Situation Room meeting on Tuesday.
Phone maker OnePlus says it won't release new phones in the U.S. and Europe
OnePlus could also wind down its operations in India by 2027.
Phone maker OnePlus reportedly plans to wind down US and Europe operations
OnePlus could also wind down its operations in India by 2027
Federal agency intervenes in Michigan's legal fight over Kalshi sports contracts
A federal board charged with overseeing futures trading is barring a popular prediction market from implementing a new rule after being ordered to cease sports betting operations in the state.
Halo: Campaign Evolved’s New Missions Have Me Obsessing Over the Series’ Ambitious, Troubled Expanded Universe All Over Again
Halo: Campaign Evolved's new Operation METEORITE missions could be a gateway to the series' ambitious expanded universe.
EMA and EISMEA boost cooperation to accelerate health innovations
Cooperation will encourage the development of innovative medicines and health solutions for patients
Congressional earmarks: Merit and politics play a role in who gets funding
Rep. Nick LaLota said he'd withhold funding from a town over its ban on police cooperation with federal immigration enforcement.
Public Health cracks down on unpermitted food vendors, issues orders and citations
Kern County Public Health said that in collaboration with the Kern County Sheriff's Office, they conducted an education and enforcement operation on July 11 to
GOVERNOR MEYER LAUNCHES DELAWARE COMMERCIAL CORRIDOR INITIATIVE TO SUPPORT SMALL BUSINESSES
Governor Matt Meyer joined Delaware Division of Small Business Director CJ Bell to launch the Delaware Commercial Corridor Initiative (DCCI), a new statewide program designed to help small businesses improve their storefronts, buildings and operations while revitalizing Delaware's downtown and commercial districts. The initiative pairs targeted grant funding with capital from lending institutions to drive visible improvements. Through DCCI, the Division of Small Business will invest $4.5 million in state Strategic Fund dollars to help existing brick-and-mortar small businesses make property and equipment improvements that strengthen their businesses and improve the appearance of commercial corridors.
Vanderbilt Health statement about its ongoing commitment to patients and families of Williamson County
Vanderbilt Health has been proud to partner with Williamson Health for more than a decade in delivering a wide variety of adult and pediatric services and in the immediate term we look forward to continuing our current joint operations, including our pediatric ED and inpatient services, as conversations with Williamson Health evolve.
What it Costs to Scale a Business
Most entrepreneurs think scaling is about accelerating growth, but the real challenge is managing complexity before weak systems, reactive decisions, and operational inefficiencies slow the business down.
Fatal ICE shooting in Maine comes just days after similar incident in Texas
Monday’s ICE-involved killing in Maine is at least seventh instance of a person shot dead during immigration enforcement operations since January 2025
Ukraine used balloons, trailers to sneak FPV drones into Russia: FSB
The details echo that of Operation Spiderweb, when dozens of smuggled Ukrainian drones struck high-value warplanes in four Russian airfields.
Magnolia Regional Medical Center joins Baptist Health system, enhancing operations
Baptist Health is adding Magnolie Regional Medical Center to its health care system
Magic make host of promotions in business operations
The Orlando Magic have made several front office promotions in business operations, including Chief Strategy & Business Officer Jay Riola; CMO Shelly Wilkes; Chief Facilities & Operations Officer Alex Diaz; and EVP/Global Partnerships J.T. McWalters.
Inside Israel’s Secret Operation to Cultivate Ahmadinejad
The yearslong effort to groom the former Iranian president as an intelligence asset culminated in a dramatic effort to take him to an Israeli safe house in the early days of the war. But the plan fell apart.
Handover of Health Commodities
Joint Handover of Health Commodities Speech of Chargé d’Affaires Steve Bremner (…) Thank you for joining us. I am here today to demonstrate how U.S. foreign assistance under President Trump’s America First Global Health Strategy and our bilateral health MOU makes America safer and stronger while helping Madagascar build a more self-reliant health system. Through our bilateral Global Health Memorandum of Understanding (MOU) signed in December 2025 with the Ministry of Public Health, our two governments outlined shared priorities and responsibilities, including a strong focus on infectious disease threats and Madagascar’s increasing ownership and co-investment in its own health system. The MOU outlines the structure and terms of U.S. support to Madagascar’s health sector from 2026 through 2030, with a total commitment of $134,305,000 from the U.S. government and $41,216,252 from the Government of Madagascar to work jointly to address malaria, maternal and child health, polio and global health security issues. Stronger health systems help prevent instability and reduce the risk that infectious diseases reach the United States, making both our countries safer. America First foreign assistance is clear and disciplined: It is a tool of strategic engagement, not global charity. Every U.S. taxpayer dollar must show measurable results, reduce long-term dependence on U.S. taxpayer resources, and support greater self-reliance in recipient countries. Support must be efficient and targeted, with zero tolerance for fraud, waste, or abuse. This year, through the U.S.-funded Global Health Supply Chain Program – Procurement and Supply Management project, we are distributing: 989,250 long-lasting insecticide-treated nets, worth $2,000,000 to 63 districts and 1,661 Community Health Centers across Madagascar, with the third and final delivery of these nets having arrived in late June. Through the U.S.-funded Momentum Country and Global Leadership (MCGL) project, we are funding: The full cost of Starlink internet connectivity equipment procurement, installation, and one-year subscription for 31 priority District and Regional Health Offices. Through the U.S.-funded Strengthening Infectious Disease Detection Systems project, we are supplying: 908,523 pieces of critical medical equipment and a modernized digital surveillance system to the Ministry of Public Health. These materials will strengthen health systems, improve response capabilities, and help those most in need of protection from mosquito-borne diseases — particularly malaria, which continues to claim the lives of children and women at an unacceptable rate. Deployed effectively, they will contribute to reducing maternal and newborn mortality in rural and hard-to-reach communities where the need is greatest. In these same underserved areas, Starlink connectivity will play a critical role in enabling the rapid transmission of health data and information to central levels, ensuring that decision-makers receive timely, actionable intelligence and can mount swift, coordinated responses to protect populations. For Americans, this support delivers concrete benefits. Stronger health systems in Madagascar help detect and contain infectious diseases before they spread across borders, protecting American and Malagasy families. More stable, healthier countries can expand trade and economic cooperation with the United States. Our goal is not permanent support; it is temporary, targeted assistance that helps Madagascar save lives while achieving greater self-reliance and independence from foreign assistance. To the health workers and community health agents here that will use the products we’re delivering today: your dedication and skills save lives. Your work exemplifies the kind of local ownership that will enable Madagascar to reduce dependence on foreign assistance and manage the country’s health challenges. This targeted support delivers results today while helping Madagascar build toward a future where it can sustain and expand those health gains independently, ensuring that today’s U.S. support leads to Madagascar’s self-sufficiency. Thank you, Misaotra.
Execs share insights on working with Tilman Fertitta as Caesars acquisition moves forward
Two top executives up for a gaming license offered insights in front of the Nevada Gaming Control Board into their Nevada operations, including a weakness in do
ServiceTitan (TTAN) Wins TrussPoint Business, Is The Stock Still Below Fair Value?
ServiceTitan (TTAN) is back in focus after TrussPoint Roofing & Exterior Renovations chose its cloud platform as the operational backbone for an expanding portfolio of roofing brands, highlighting the software’s role in multi-brand growth. See our latest analysis for ServiceTitan. ServiceTitan’s recent customer wins, including TrussPoint and the June rollout data for its Max software, come against a mixed backdrop where the share price closed at US$77.69 and is up 35.47% over 90 days, but the...
FIFA Rolls Out Major VAR Update Amid World Cup Criticism
FFIFA has introduced a big change to its VAR operations for the World Cup.
Joe Klein: At 80, Here’s What I’ve Learned About Politics—and Life
I am 80 years old, this year of our 250th anniversary, and I find myself a cliché. My life has been a common political journey, from left to center. I recently took the Pew Research Center’s “political typology” test and found that I was a “pragmatic and polite conservative,” which seemed a rather abstruse basket: A politically mixed (though Republican-tilting) group, they lean conservative on economics and the role of government, while tilting more liberal on issues related to race and foreign policy. They prize civility and cooperation in politics. Well, that sounds pretty mushy—and I find it hard to square with the strong opinions I have on many issues. I’ve voted for Democrats in federal elections, but I grow more Republican the closer I get to local politics. Democrats, I’ve found, simply aren’t very good at running things, especially school systems, where they are in the thrall of the teachers unions. My friends joke about my obsession with the unions. They know all my lines. If industrial unions are organized against the power of capital, who are the public employees organized against? But enough of that. I’ve ranted that rant too often, and my political journey has been more complicated than that one issue. It has been empirical, based on actual experience—on a lifetime of reporting and a lot of reading. An early example: I was a journalist with the underground press in Boston at the turn of the 1970s and considered myself a member of the antiwar and civil rights movements. The first big issue I covered was busing to achieve school integration. Yes, the white bigots were disgusting. But I couldn’t find any black parents who favored the plan to bus their children to schools outside their neighborhoods either. Black activists and politicians—and white liberals—were gung ho, but not actual parents of black kids in school. Busing was a form of social engineering imposed from on high, by a judge—W. Arthur Garrity—who lived in a wealthy liberal suburb. Wealthy liberal suburbs were not affected by his plan, of course. I began to see that there were limits to what government could do, especially when it came to changing a society’s culture.
NFIB Opposes Unworkable New Mandates to Small Business Operations
Finalizing a federal heat standard would add unnecessary burdens and massive compliance costs on Main Street
Computer science student gains experience in IT and business operations at Stuckey's internship
Adir Ali Yerima ’29 shares how Oglethorpe prepared him for his current internship at Stuckey’s Corporation.
HMPI Strengthens Property Services in Timor-Leste to Support Overseas Business Operations
COLOMBO, LK / ACCESS Newswire / July 10, 2026 / As more companies expand into international markets, demand for overseas property services is changing. Traditional office leasing and accommodation arrangements alone are no longer sufficient to meet ...
Another Detroit-area music venue struggles to keep its doors open
Three other Detroit venues closed at the end of June. This one says it's scaling back operations, starting in August.
Jackson County Sheriff: Federal search at Kansas City business was 'not an immigration raid'
A federal criminal search warrant executed at a northeast Kansas City food manufacturing business led to the arrest of an unregistered sex offender. The Jackson County Sheriff's Office says the operation was not an immigration raid.
Witnesses say several people detained in HSI operation at Kansas City business
Witnesses say at least six people were detained Thursday morning as part of a Homeland Security Investigation operation at a food business in Kansas City, Missouri.
How Much is a Sports Complex Worth to Huntington Beach?
City leaders are considering a 20-year operations deal for the Sports Complex despite open questions over how much money they stand to make from the deal they’re spending over $14 million on.
Marina Moscone Presses Pause on Her Business
In an exclusive interview, sisters and cofounders Marina and Francesca Moscone, weigh in on their decision to suspend operations—for now. “This has definitely been a heavy, heartfelt decision, a very emotional one for us,” the designer said. “We knew entering this industry and this business of our own, fashion is turbulent and joyful all the time.”
Kroenke Sports & Entertainment Partners with Summize to Transform Contract Operations Across its Global Portfolio
Summize, the AI-powered contract lifecycle management (CLM) platform purpose-built for in-house legal teams, today announced a partnership with Kroenke Sport...
Huntsville City FC Names Garvich To Head Business Operations
Penn Garvich, with nearly a decade in sports business experience in the Rocket City, has been named managing director of business operations for the
Unicorn opportunity: Building internal audit from the ground up
Meet Omar Obaisi, based in Chicago, who leads our Global Internal Audit function at Amer Sports, overseeing SOX 404 compliance and operational audits. As his team focuses on advancing the audit…
China's science cooperation award honors global innovation partnerships
At China's national science and technology award conference on Wednesday, nine foreign scientists received the 2025 China International Science and Technology Cooperation Award in recognition of their exceptional contributions to scientific cooperation with China.
Science and religion don’t mix? Let’s test the evidence
I suggest a simple use of the “scientific method” to support the historical and current cooperation of science and religion.
Julian Barzilli - Senior Associate Athletic Director for Finance and Business Operations
Julian Barzilli is entering his first season at Tarleton State as Senior Associate Athletic Director
Democrats are calling for an investigation into Houston ICE shooting. Republicans have been mostly silent
Lorenzo Salgado Araujo was fatally shot by an ICE agent on Tuesday during what the agency called a "targeted enforcement operation."
Los Angeles Air Force Base Kicks off Sports Day 2026
On July 1, 2026, Members of Los Angeles Air Force Base came together for the highly anticipated annual sports day. The event brought together Airmen, Guardians, and contractors, drawing them away from their daily operations to unite under a shared goal. This friendly competition not only promoted health and wellness but also fostered camaraderie outside the traditional workplace environment.
Packers, Network Health partner for Operation Fan Mail in 2026
Program recognizes military families and veterans at Lambeau Field prior to kickoff
Alpine Exteriors Expands Tampa Operations as Company Approaches 25 Years in Business
Alpine Exteriors expands its Tampa operations as the company approaches 25 years of industry excellence.TAMPA, Fla., July 08, 2026 (GLOBE NEWSWI...
Small Business Spotlight: Business blooms beyond bouquets
BUSINESS: The Busy Bloom OWNERS: Amanda and Walter Adkins ADDRESS: 708 S. 17th St., Wilmington EMAIL: thebusybloomco@gmail.com WEBSITE: thebusybloomco.com PHONE NUMBER: (910) 742-0790 YEAR FOUNDED: 2024 NO. OF EMPLOYEES: 4 WHAT IS THE BUSY BLOOM? AMANDA ADKINS: “The Busy Bloom is a flower shop with a spin – a creative experience shop located in Wilmington’s Cargo District. Founded in 2024 by husband-and-wife team Amanda and Walter Adkins, we offer fresh flowers, botanical teas, a build-your-own bouquet bar, candle-making experiences, gifts, workshops, wedding florals and event services. Our mission is simple: to make flowers accessible, approachable and enjoyable for everyone – not just for special occasions.” WHY DID YOU START THE BUSINESS? AMANDA ADKINS: “The Busy Bloom was born from a lifelong connection to flowers and a desire to create meaningful experiences for people. After doing my own wedding florals and after years of working in healthcare management, I found myself returning to gardening and floral design as a creative outlet and source of healing. The loss of my mother-in-law, who always shared flowers from her garden, inspired me to pursue floristry full-time. My husband encouraged me and built a small flower cart for us to grow, and fast forward to now, two years later, it has grown into a community-centered business focused on bringing joy, connection and creativity through flowers.” WHAT KIND OF GROWTH ARE YOU HOPING FOR? AMANDA ADKINS: “We’re focused on sustainable growth that allows us to continue serving our community while expanding creative experiences. We hope to grow our wedding and event services, expand our educational workshops and creative programming and become a destination where people can gather, create and connect. We’re also passionate about creating opportunities that showcase floral design as an art form, such as our Fleur Couture fashion show and other community collaborations.” WHAT PAST EXPERIENCE HAVE YOU HAD WITH STARTING/WORKING IN BUSINESS? AMANDA ADKINS: “Before opening The Busy Bloom, I worked as a clinical manager in healthcare and spent years building leadership, operations and customer service skills. I’ve also worked in education and nonprofit programming, teaching people about nature and local ecosystems. Along the way, I designed flowers for weddings and events on the side, gradually turning a passion into a business. Walter has years of welding and construction experience, combined with entrepreneurship and a drive to own his own company. …The Busy Bloom has been a journey of combining creativity with entrepreneurship alongside my husband ... learning every step of the way.”
Samsung Technology Powers the Health Security Operations Center Monitoring for Infectious Disease Risks During 2026 World Soccer Games
Samsung’s innovative technology solutions enable Georgetown University and MedStar Health teams to monitor data, collaborate in real time, and support public health readiness.
New Horizons awakens after longest hibernation, resumes science mission 9.5 billion km from Earth
NASA announced on July 7, 2026, that its New Horizons spacecraft has resumed active operations after completing its longest hibernation period to date. The spacecraft emerged from a 321-day…
Watchdog calls for feds to investigate St. Louis County health director
The Holy Joe Society asserts that county health Director Dr. Kanika Cunningham has interfered in the board's operations, and is usurping the board's authority.
HSBC opens review of Turkish retail and business banking operations
The assessment does not cover wholesale banking operations, including investment banking.
Hungary moves to overhaul university models banned from Horizon Europe
Hungary’s new government is aiming to overhaul the governance model of the institutions and universities that lost access to Horizon Europe and Erasmus+ funds “in a short timeframe,” according to Péter Horváth, the new state secretary for science policy and innovation. “As of today, the two non-university foundation-controlled institutions under my remit have been transformed,” he told Science|Business. “We hope the universities will follow and that this will be enough to satisfy the EU’s demands.”Under the previous government, led by Viktor Orbán and his Fidesz party, many academic and scientific institutions were restructured and made into special public trust foundations, with members strongly linked to the government given lifelong mandates and significant decision-making powers with little oversight. The European Commission deemed that this undermined academic freedom and transparency in the country, leading to a ban on 34 institutions in 2022, including 21 universities, which saw academics in Hungary lose access to Horizon Europe grants. The new Hungarian government, elected in May and led by Péter Magyar and his Tisza Party, has promised to dismantle this governance model and restore the institutions to EU programmes. As a result, the European Commission has promised to return access to the Erasmus+ education mobility programme, but so far no concrete agreement has been made on the Horizon Europe programme for research and innovation. Hungary has already made legislative changes in June to allow the institutions to be reformed and set a timeline for the implementation.The non-university foundations, which are mainly cultural centres such as the Foundation for Hungarian Culture or the Makovecz Campus Foundation, will all be dissolved by August 31 this year, a date tied to EU-set milestones that Hungary must meet to unlock frozen funds, with control transferred to relevant ministries. Meanwhile, the universities will have until 31 August 2027. For each university foundation, the government will set the dissolution date and the body to take over operations. There is no final decision on a permanent new model for the universities, according to Hungarian MEP Eszter Lakos, who is shadow rapporteur for the Horizon Europe specific programme, a separate piece of legislation detailing implementation rules for the EU’s next research programme, due to start in 2028. “The aim of the transition year is to settle this with [the universities], not to impose a model, and not to put them under state control,” she told Science|Business. “The goal is to give academic independence back to universities.”There are three models that are most likely to be implemented. One would be a return to a traditional, state-run model. Another could be a newer, more self-standing public institution. A third option would be a reformed version of the foundation models that meet EU standards. According to Lakos, the dismantling of the system put in place by the Orbán government is well underway and if all goes according to plan, Hungary could regain access to EU research money by the start of the next academic year in 2027. “I believe that the Hungarian government is doing the necessary changes so the universities could return as beneficiaries to Horizon from the next school year,” she said. In the meantime, “the universities, institutes and cultural assets carry on under proper public stewardship rather than a handful of unaccountable trustees,” said Lakos. The laws passed in June impose new safeguards: board terms are capped at four years and renewable only once, appointments are made through open competitions and sitting politicians cannot join joining these boards.It remains unclear whether a domestic science funding programme set up as a back-up scheme by the former government following the EU funding ban, called HU-rizon, could be continued. “This programme should never have had to have been established in the first place, but it has proven to be quite popular,” he said. “I am considering continuing this programme with a refined focus on helping international collaborations.”Re-organising the research network One of the first priorities for Horváth and his cabinet is to resolve questions over the future of the Hungarian Research Network, Hun-Ren. The network of academic institutes was taken away from the Hungarian Academy of Sciences in 2019 and turned into a quasi-private organisation, with similarities in its governance to the public trust foundations.Horváth and his team have consulted over 5,000 representatives from the network and the conclusion is broad unhappiness with the directors of all the institutes involved. “We have presented the results to the president and the chief executive of the network and this is currently being discussed,” Horváth said. The plan is to re-integrate the network back into the Academy of Sciences but in an improved way, “learning from mistakes of the past,” he added. The government also wants to reintegrate four humanities and social science research centres into the network that the previous government had transferred to Eötvös Loránd University. The transfer brought sharp criticism from the academic community, with a group of Hungarian research heads, including European Research Council grant recipients, sending an open letter to Orbán warning that the transfer would “cause historically significant harm to the entirety of Hungarian scientific life.” The transfer was “one of the biggest shames in Hungarian research in the past 20 years,” Horváth said. “We want to immediately re-integrate them back into the research network and to regain the trust of these institutions, because the way they were treated was really unfair.”Another pressing issue is the Élvonal Excellence Research and Talent Development Foundation, led by Nobel laureate Ferenc Krausz. The foundation signed a financing agreement with the former government earlier this year for a budget of over €730 million over the next five years. The goal is to create a world-class centre to attract top talent from abroad and to develop local researchers. But there was little transparency about this foundation, and news of its huge budget, which is nearly as much as Hungary’s entire research budget, caused a stir in the media following the recent elections. Another issue is that, as with the foundation boards of the institutes banned from Horizon Europe, there was little-to-no oversight of decisions led by Krausz. “It was an excellent idea but an unacceptable execution,” Horváth said of the foundation. “The fact that this is out of the Hungarian funding scheme, mostly concentrating on one person who decides on the budget is unacceptable for us.”The government plans to merge the centre with the National Research, Development and Innovation Office, the country’s R&D funding agency, with a reduced budget. Horváth is hopeful that Krausz will still be involved. The new government’s R&D goalsA phrase that crops up regularly during the discussion with Horváth is “democratic process.” The new state secretary is determined to involve Hungary’s research community in shaping future policies. This marks a departure from the previous government’s approach, and several people in Hungary’s research community have commented on the openness of the new government. In terms of concrete goals, Horváth and his team already have plans. He wants to create a new science fund in Hungary, based on the best practices of other European countries. The fund would not be tied to annual government budgets and would provide long-term, stable financing. “If we were to succeed in creating this fund, then I think it would be one of the biggest achievements for me in this period of government,” Horváth said. On the innovation side, he is looking into how best to bring in the private sector. “We want to make sure that we are working with the private sector to support innovation,” Horváth said. One of his big aims is to introduce entrepreneurship teaching into high schools. Hungary already has a reputable national academy offering research and innovation training in the field of natural sciences, and Horváth wants to expand this to all disciplines and across the whole country. “One of the main ways to elevate our innovative businesses is to teach our children to be innovative,” he said. “This will probably need ten years to pay off, but this is what we should do. Our aim is to make Hungary strong in our region, and this is what is needed.” Related articlesHungary’s Horizon Europe performance in numbersCommission unlocks Erasmus+ cash for Hungary, Horizon could be next‘Academic Huxit.’ Hungarian researchers speak out on impact of EU ban A more difficult task will be funding. The new government is aiming to increase research spending to 2% of the GDP by 2030, and then increase it to 3% in line with EU objectives. Currently, spending sits around 1.3%. But according to Horváth, the current budget, inherited from the previous government, is “heavily in the negative,” so any plans to increase research spending will have to start next year. Achieving 2% by 2030 already needs a big push, almost doubling the research budget. “This is something we’d definitely like to reach, and something I can see us achieving,” he said. “From the 2030s, I’d like to see an innovative generation growing up that can help us reach the 3% target.” Positivity in the new governmentDespite the many challenges facing Horváth and his team, the mood is positive. “It feels a bit like a start-up right now. Everyone is working 24/7, day and night, trying to do as much as they can. There is a lot of energy,” he said. It is a big change for the state secretary who, like many in his cabinet, is coming from a background in research or business, and not in politics. “Six weeks ago, I was sitting with my microscope and my research PhDs, so it’s been a big change for me,” said the computer scientist, who was previously the director of the Institute of Biochemistry at the Hun-Ren Biological Research Centre in Hungary and worked at the Institute for AI for Health at Helmholtz Munich. But he is relishing the task to transform the country’s R&D landscape. “We feel enormous support from the Hungarian people, but also from Europe,” he said. “We’ve received a lot of letters of support from around Europe. There is big trust there, and huge responsibility on our side. We want to get everything back on track, and there’s a lot to do.”
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