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Crowell & Moring Adds Veteran DOJ Health Care Litigator Jeff McSorley in Washington, D.C.
Jeff McSorley, a first-chair trial lawyer with 20 years of litigation experience including a decade as senior trial counsel in the DOJ Civil Division's Fraud Section, has joined Crowell & Moring's Health Care Group in Washington, D.C. He led more than 70 FCA investigations at DOJ, securing more than $500 million in recoveries for the United States.
The Supply Side: Suppliers learn to challenge category placement
One in every five dollars spent on grocery items in the United States goes to Walmart. And while consumer product companies, large and small, have conformed their business to the...
Apple bets iPhone Duo can remake foldable market as sales begin
By Aditya Soni Oct 23 (Reuters) - For nearly two decades Apple has made only small changes to the iPhone, its money machine.
Kansas Sen. Roger Marshall in debate blames Ukraine war, not Iran war, for high diesel prices
The answer, delivered during a debate with Democratic challenger Adam Hamilton, aligned Marshall with President Donald Trump's freshly antagonistic posture toward Ukraine, which has spent more than four years defending itself against an invasion.
San Antonio-area Week 9 high school football schedule
Championship races are heating up, and several games this weekend will likely be the deciders in those district titles. Here is the Week 9 San Antonio high school football schedule.
Brewers Made Right Call Keeping Henderson Over Skubal
Prioritizing long-term stability over a blockbuster trade, the Milwaukee Brewers’ front office gambled on homegrown talent, which has them chasing their first World Series.
Clavicular pleads not guilty to raping a 17-year-old
'Looksmaxxing' influencer Braden Peters, a.k.a. Clavicular, has pleaded not guilty to charges that he raped a teenager at his family home.
Big Sky students get a head start on business through International Baccalaureate Program
Two-year course challenges juniors and seniors to analyze real companies, explore business strategy and develop critical thinking skills By Leslie
Chappell Roan brings out Christina Aguilera at L.A. benefit concert
The pop star brought her old hits — and a surprise appearance by Christina Aguilera — to the first night of her Super Graphic Spectacular fundraiser at the Shrine Auditorium.
Tom Skerritt, star of ‘Alien’ and familiar face at SIFF, dies at 93
Tom Skerritt, the acclaimed character actor who starred in “Alien,” “Top Gun,” “Contact” and more, died Wednesday at his home in Seattle. He was 93.
Idaho’s health agency director to step down by end of year
Idaho Department of Health and Welfare Director Juliet Charron said she’d be stepping back to provide more support to her family.
15 charged in massive $2 billion L.A. health care fraud crackdown
Federal authorities charged 15 people, including six medical professionals, in a sweeping Los Angeles-area health care fraud crackdown involving $2 billion in alleged fraudulent claims, the Justice…
Cost of employer-sponsored health insurance plans rises again, nonpartisan survey finds
The price health insurance companies charge for employer-sponsored plans increased again this year, as did the deductible many people must pay before those plans begin covering most healthcare costs, according to a survey released Thursday by the nonpartisan health organization KFF.
Top health adviser and MAHA ally quits Trump admin
Means' departure two weeks before the midterm elections underscores MAHA's discontent with the pace of change on food policy.
Joe Burrow has never hidden his political beliefs
Cincinnati Bengals quarterback Joe Burrow didn’t have much to say about Vice President JD Vance’s surprise visit to practice on Wednesday. But for a player who has rarely been shy about speaking his mind, his short response certainly caught some attention. Burrow said that he didn’t get a chance to meet Vance, noting that the…
Microsoft’s Mustafa Suleyman says its AI outperforms doctors on hard cases as he chases ‘medical superintelligence’
Microsoft’s new AI diagnostic system beat generalist doctors on hard cases, according to a study in Science. But most of the improvement seems to come from the AI models underneath, not from Microsoft’s system itself.
In new WHO role, Vanessa Kerry will focus on building health system resilience | Harvard T.H. Chan School of Public Health
Vanessa Kerry, newly named special envoy for health resilience at WHO, plans to help build health systems so nations can be ready for outbreaks or other emergencies,
JJ Watt signs a multi-year deal to stay as CBS' lead NFL analyst
JJ Watt joined play-by-play announcer Jim Nantz and sideline reporter Tracy Wolfson after Tony Romo went on leave following his July 23 arrest in Wisconsin. The former Dallas Cowboys quarterback pleaded no contest to charges of operating a vehicle while intoxicated.
Cherokee Nation signs historic filmmaking collaboration with UCLA
Cherokee Nation recently signed an agreement with the UCLA School of Theater, Film and Television that will support an annual reciprocal filmmaking exchange between UCLA TFT and Cherokee Film with
What impact will Louise Lucas arrest have on Virginia politics?
Virginia Sen. Louise Lucas appeared in federal court in shackles, facing marijuana trafficking, money laundering and corruption charges.
Feds allege $2 billion in California health care fraud, 15 charged
Federal authorities announced charges against 15 people, including six medical professionals, accusing them of health care fraud schemes worth $2 billion, including sham substance abuse treatment programs, unnecessary medical procedures and bogus hospice services.
Sabyasachi Sen Honored for Outstanding Contributions to Glass Science and Technology
Sabyasachi Sen, professor and chair of materials science and engineering at UC Davis, is the 2026 recipient of the American Ceramic Society’s George W. Morey Award, which celebrates outstanding, original contributions to glass science and technology.
Vikings Receive Wild Speculation on Trade Deadline Moves
With Minnesota sitting undefeated, analysts suggest a blockbuster trade for a Pro Bowl quarterback could turn their championship-caliber defense into a definitive Super Bowl favorite.
State Fair of Louisiana Celebrates 120 Years with Championship Rodeo, Family Fun and Entertainment
Photo Courtesy of State Fair of Louisiana SHREVEPORT, La. — A Louisiana tradition 120 years in the making is gearing up for another exciting celebration as the State Fair of Louisiana returns to Sh…
State Fair of Louisiana Celebrates 120 Years with Championship Rodeo, Family Fun and Entertainment
Photo Courtesy of State Fair of Louisiana SHREVEPORT, La. — A Louisiana tradition 120 years in the making is gearing up for another exciting celebration as the State Fair of Louisiana returns to Sh…
Kristen Bell says she cries weekly over challenges of family life: ‘It’s brutal’
Kristen Bell admits she cries weekly over the challenges of family life and marriage: ‘Do not think because I am on your television that it is easy for me.’
How to watch the 2026-27 NBA season: TV channels, where to stream games, schedule and more
How well have past GOTY winners sold?
We’re less than two months away from 2026’s The Game Awards, and what a year it’s been for fantastic games, including Resident Evil Requiem, Forza Horizon 6, Slay the Spire II, the Blood of Dawnwalker, and Control Resonant – just to name a few. So as we approach the end of the year, we thought we’d look back on our estimates for the GOTY winners of the past four years. In terms of revenue, Elden Ring (2022 winner), Baldur’s Gate 3 (2023), Astro Bot (2024), and Expedition 33 (2025) have generated a combined $3.8B via 73M copies sold: Let’s have a look, then. Elden Ring has generated $2B in revenue Elden Ring is a phenomenon in every sense. It’s sold a whopping 36.4M copies across Steam (50%), PS5 (35%), and Xbox (15% across console and PC). Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Elden Ring also just passed an astronomical milestone: $2B in revenue. While PlayStation and Xbox account for half of Elden Ring’s copies sold across these three platforms, they account for 57.5% of revenue. This – as ever – is due to regional pricing and the higher relative share of PC gamers in lower-priced markets. For example, around 17.4% of Elden Ring’s Steam copies sold were in China, where the game costs about 26% less than the price in the States. There’s an … interesting narrative going around these days that console gamers are only interested in ball-and-gun games and have the patience for little else. Well, Elden Ring’s impressive sales prove that is simply not true, and across all platforms. What’s more, over 9.8M people have played Elden Ring for over 100 hours, with nearly 3.5M people getting all of the achievements and trophies. For reference, 10.9% of Elden Ring’s PlayStation players have the platinum trophy, while 10.5% of players on Steam and 3.9% of Xbox players unlocked all the achievements. Git gud, Xbox players! Of the 1.5M people who played Elden Ring on PlayStation last month, 4% also played Dark Souls 3 last month, 4% played Bloodborne, and 3% played Sekiro. There’s those Soulsborne diehards for you. By many accounts, including my own, Elden Ring is one of the best games of all time. It’s an evergreen seller that will continue to be a cash cow for Bandai and FromSoftware for years to come. Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Elden Ring has sold another 2M copies across Steam, PlayStation, and Xbox this year, generating almost $110M. This means it’s outperforming many of this year’s high-profile releases. Even Elden Ring’s standalone run-based PvE spinoff, 2025’s Nightreign, has sold 7.8M copies and generated $282M in revenue. Baldur’s Gate 3 is another billion-dollar-plus banger Another cross-platform phenomenon is Baldur’s Gate 3, which has sold 23.2M copies and generated over $1.2B in revenue. About 18.7M of these copies (80.6%) are via Steam, 2.9M via PS5 (12.7%), and 1.6M (6.8%) via Xbox. Around 1.3M folks on Steam bought BG3 before it hit 1.0. The PlayStation version launched about a month after the PC 1.0 release, while the Xbox version came four months later due to technical issues around developing local co-op on the Series S. Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Across platforms, Baldur’s Gate 3’s monthly active users have never dropped below 2M, including 2.2M MAUs last month (68.5% on Steam, 21.9% on PS5, and 9.6% on Xbox). And it still regularly brings in 280K to 400K players every day: About 1% of BG3’s Steam player base has played for over 500 hours! That’s a little under 200K people. Astro Bot is also an evergreen seller, albeit a more niche, family one Astro Bot, 2024’s winner, has now sold 4.7M copies and generated $291M in revenue. The budget, including marketing, is almost certainly under $100M, given the small Japan-based core team and three-year dev timeline. You can really see why the tides are changing toward less expensive hubs. Astro Bot is the only first-party winner on this list, but follows other first-party winners of The Last of Us Part II (2020’s winner), God of War (2018), and Breath of the Wild (2017). Around 46.6% of Astro Bot’s copies sold have been physical, which is far higher than the typical game. This makes sense for a couple of reasons: There’s a large family audience for this one, and physical boxes are an item to wrap when giving Astro as a gift. Astro has collector value for the PlayStation core (this is nostalgia-fueled platformer celebrating PlayStation’s history) Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Astro is another one of those games that continues selling over time, regularly selling more than 100K a month. It’s sold around 1M more copies this year ($60M in revenue) and is a popular title with families. We can see this using the Alinea platform’s MAU crossover tool: Astro Bot’s top #2, #3, and #4 games by crossover in any given month this year are Minecraft, Fortnite, and Roblox – without fail. The #1 title every month, though, is Astro’s Playroom, a pack-in with all PS5 consoles. For every month this year, between 20% and 30% of Astro Bot players also played Astro’s Playroom that month. So the free pack-in is a noice funnel for converting players to a full paid product. Expedition 33 sells 8.7M despite Game Pass cannibalisation Finally, we have last year’s winner – Expedition 33. The turn-based-RPG banger has generated $366M via 8.7M copies sold, with 58.8% on Steam, 35.7% on PS5, and 5.5% on Xbox. Xbox’s share of copies sold is this low due to Expedition 33 launching on Game Pass, where 4.3M people across console and PC accessed the game. A little under 700K Xbox players used their subscription to play Expedition 33 this year. That said, the game’s 1.5-year Game Pass deal ended last week on October 16, and we’re already beginning to see a positive trend on Expedition 33’s copies sold via Xbox (but the jury’s still out!). There’s understandably a lot of French pride behind this one, as France is the game’s #3 market on both Steam and PlayStation. Vive la France! One thing that stood out to me is that the GOTY winners aren’t $300M Hollywood productions made in the US. They’re mostly mid-budget studios outside the traditional AAA cost centres. Lots to think about there. Also, good games sell well; who’d have thunk it!? And there’s a whole load of them this year, with GTA 6 still to come, too. GTA just made the cutoff point for the VGAs this year. What a coincidence! Loading... Cool links and other stuff Our physical games newsletter from Tuesday was picked up by GameSpot, Eurogamer, TweakTown, and a bunch of others. We’re offering a free trial of our platform for games companies. Send us a message here, or reply right here on Substack/email, and we’ll set you up. Next week, we’ve got some exciting news regarding the future of our newsletter, so stay tuned! The last word Reply to this email – or reach out here – if you have any feedback for the newsletter – or want to request a game for us to cover. Want to see why these companies (and many others) are subscribed to Alinea? Get a free platform trial! [Alinea Analytics boasts the most accurate PC and console estimates in the business. Game makers use our platform to understand their audience, keep an eye on the competition, monitor sales trends, and spot new opportunities. We equip game studios and financial institutions with accurate data and the confidence to make smarter, data-driven decisions. Want to talk about all things games market data? We’d love to chat!]
Gov. Healey leads roundtable talk on maternal health, postpartum care at UMass Chan
The roundtable discussion was co-hosted by UMass Chan and UMass Memorial Health.
Democratic Virginia state Sen. Lucas accused of leading marijuana criminal conspiracy
U.S Attorney General Todd Blanche says a powerful Democratic Virginia state senator was charged with leading a criminal marijuana enterprise.
Democratic Virginia state Sen. Lucas accused of leading marijuana criminal conspiracy
U.S Attorney General Todd Blanche says a powerful Democratic Virginia state senator was charged with leading a criminal marijuana enterprise.
'This is despicable': Amy Acton responds to Ohio attack ad
Her Republican opponent Vivek Ramaswamy is airing the ad featuring her estranged mother, whose husband was charged with sexual abuse in her childhood.
Jimmie Johnson on the NASCAR business world: "It's a war"
Johnson made a name for himself a seven-time Cup Series champion, but he's now experiencing the 'race within the race' as a co-owner at Legacy Motor Club
‘Halloween Baking Championship’ winners: Where are they now?
They came, they baked, they conquered. Catch up with all 11 past winners of Food Network’s ‘Halloween Baking Championship’ and see where their sweet victories have taken them.
Senate Health Committee Holds Hearing on Impacts of H.R.1
Senate Health Committee Holds Hearing on Impacts of H.R.1 TRENTON – The Senate Health and Human Services Committee, led by Chairman Joe Vitale, held a hearing today on the impacts of federal House Resolution 1 (H.R.1) and how New Jersey residents can adapt to major cuts to programs like Medicaid. The committee heard from[...]
Coast Business Council details changes and future plans
The Gulf Coast Business Council meeting provided changes as well as a look into the area's future in terms of economic development.
Coast Business Council details changes and future plans
The Gulf Coast Business Council meeting provided changes as well as a look into the area's future in terms of economic development.
Will plants survive climate change? The 'Great Dying' reveals clues about their resilience.
Plants can't easily pick up and move when environmental conditions get rough, so they've evolved strategies to weather harsh conditions in place. That could help some plants survive in the face of a warming climate.
Amazon's Kindle Unlimited is now Kindle+, and the 2 big changes include AI audiobooks
Unlike narrated audiobooks from Audible and other providers, the audiobooks created with Virtual Voice in Kindle+ will instead be narrated by AI.
From the Desk of the Regional Administrator - "EPA Works With Pediatric Leaders to Protect Children’s Health"
EPA Region 7’s “From the Desk of the Regional Administrator” newsletter gives residents of Iowa, Kansas, Missouri, and Nebraska a chance to hear from Regional Administrator Jim Macy on EPA’s work in their communities.
NBA games today: Full TV schedule for Thursday, October 22
The NBA resumes with two games on Thursday. Here's how to watch today’s games, including TV channels and live stream options.
BioNexus KC celebrates ‘regional backbone’ connecting science, talent, tech and momentum
The scale of opportunities within Kansas City’s bio health industry would’ve been challenging to imagine even just five years ago, said Dennis Ridenour, touting a streak of groundbreakings, collaborations, game-changing announcements, and major investments — all rallying together the right people and institutions.
Larry Gies pledges $100M matching gift to Gies College of Business
CHAMPAIGN, Ill. (WICS/WRSP) - Larry Gies has announced a new pledge of $100 million to Gies College of Business in Champaign.
Chris Pratt says Star-Lord will return to MCU after ‘hard action’ was taken to ‘make good on that promise’
“Guardians of the Galaxy Vol. 3” ended with a cryptic teaser indicating the character would return — and Pratt says it’s almost here.
Joel Klatt says Big Ten-SEC football challenge is imminent
The Big Ten and SEC run college football, but as the sport tries to chart its future, the two sides haven’t found much in common. Until now? After an exhausting period of negotiations, brinksmanship, and fan unrest, college football is moving towards a 24-team College Football Playoff. The Big Ten had held out against the…
Ohio State names Chandrasekaran dean of Fisher College of Business
The Ohio State University has named Aravind Chandrasekaran (AC) dean of the Max M. Fisher College of Business, pending Board of Trustees approval. Chandrasekaran has served as interim dean of the college since June 2025, building on more than 15 years as a faculty member, scholar and academic leader at the college. He will also continue to ho...
VU–Vanderbilt Health team invents protective glove to better heal injured hands
Hand injuries reduce operational readiness in military populations. The GRASP Hand system could change that.
Slotkin's viral 'threat' to conservatives takes new twist as student moves to hold her accountable: 'Shocking'
Michael Bicksell, the University of Chicago student who broke the story, filed the ethics complaint arguing Elissa Slotkin's remarks targeted students.
The Politics Hour: On the road in Prince George's County with U.S. Sen. Angela Alsobrooks and Council Chair Krystal Oriadha
U.S. Senator Angela Alsobrooks on what's at stake in the upcoming midterm elections and Prince George's County Council Chair Krystal Oriadha on the widening controversy over county grant money.
Leavitt opens up on helping Trump find new press secretary after Zacharia debacle: 'Wasn't for her'
Karoline Leavitt says she's helping Trump find a new press secretary after Katie Zacharia lasted just five days in the demanding White House role.
Tennessee FFA member studies Hurricane Helene's lasting impact on farmer mental health
A National FFA agriscience fair finalist says the impacts of Hurricane Helene inspired her to take a closer look at farmer mental health. Abby Petterson from the Erwin FFA Chapter in Tennessee says her two-year research project focuses on supporting the next generation of agriculture. “There is a stigma, but more importantly, there is a […]
Healthy living takes center stage at Methodist Hospitals’ annual free fall community health fair
St. Timothy Community Church in Gary welcomed attendees to Methodist Hospitals’ annual Free Fall Community Health Fair on Saturday, October 17. This event is hosted every year by Methodist Hospitals to provide free screenings, such as blood glucose and cholesterol tests, as well as heart attack and stroke risk assessments and other resources to the … Continued
Saints power rankings entering Week 7
Saints win, but how much did it change in their rankings?
Sen. Louise Lucas indicted on federal drug charges
Virginia Senate President pro tempore L. Louise Lucas was charged Thursday in connection with an alleged criminal enterprise.
Red Wings Call Up Michal Postava for West Coast Trip
The Griffins' coach says Michal Postava is joining Detroit's road trip, and nobody has said why. #RedWings
'Looksmaxxing' influencer Clavicular pleads not guilty to rape charge
"Manosphere" streamer Clavicular has pleaded not guilty in his Massachusetts rape case.
Public health programs can ‘rewire’ social networks, Yale study finds
A maternal and child health education program implemented in rural villages in Honduras changed the communities’ social networks in ways that could be harmful or beneficial.
Federal prosecutors accuse Sen. Louise Lucas of using political power to benefit marijuana enterprise
Virginia state Sen. Louise Lucas was indicted Thursday on federal charges accusing her of leading a criminal marijuana enterprise and using her position as one of the state’s most powerful legislators to protect the operation and pursue financial benefits from Virginia’s emerging recreational marijuana industry.
What happened to Jalen Hurts? Reported health update raises questions among viewers
lev radin/Shutterstock.com David Muir reports Jalen Hurts’ diagnosis ABC News anchor David Muir covered Philadelphia Eagles quarterback Jalen Hurts’ blood-clot diagnosis during World News Tonight on October 19, 2026. The report followed the team’s announcement of a serious medical condition that will sideline the quarterback for the remainder of the 2026 NFL season. Hurts, 28,…
Women who changed science missing from GCSE and A-level courses
Despite social, economic and institutional barriers limiting women’s formal participation in science, they made numerous key breakthroughs.
Through pioneers and slow progress, America's relationship to women's sports continues to evolve
LOS ANGELES (AP) — Athletes and fans of women's sports across the United States have found no shortage of reasons to celebrate: historic TV ratings, changing attitudes toward female players, high-profile wins for equal opportunities and pay.
Through Pioneers and Slow Progress, America's Relationship to Women's Sports Continues to Evolve
LOS ANGELES (AP) — Athletes and fans of women's sports across the United States have found no shortage of reasons to celebrate: historic TV ratings, changing attitudes toward female players, high-profile wins for equal opportunities and pay. After decades of disparity and sometimes outright scorn ...
Grading the Buffalo Bills Special Teams At The Bye Week
Tyler Bass’s perfection and a game-changing blocked kick anchor a dominant unit. From field position battles to return-game sparks, these specialists have earned their elite midseason marks.
Photos: Fall Business Expo in Woodland Park
The Greater Woodland Park Chamber of Commerce‘s Fall Business Expo, held Oct. 21 at the Ute Pass Cultural Center, allowed local businesses to show off their services and wares to the community.
Partnership is the key to small business success
Greater Rochester Chamber of Commerce highlights how partnerships accelerate small business success and regional economic growth through collaboration and innovation.
For Black Women in Political Office, Speaking Out Can Come at a Cost
From Ilhan Omar to Charlane Oliver, Black women in elected positions are confronting political backlash for challenging those in power.
CBS Sports Adds U.S. Spanish-Language Rights For Concacaf Champions Cup on Paramount+
CBS Sports Adds U.S. Spanish-Language Rights For Champions Cup
NFL might bring massive change to replay review mid-season
Broncos head coach Sean Payton predicted in July that the NFL would mirror the UFL-style officiating transparency within the next two to three years. “And I think every once in a while the benefit of this other league we have, I think quite honestly it’s been helpful for our league,” Payton told Jason La Canfora…
How a Legal Backlash Against Big Tech Is Forcing Big Changes
A series of lawsuits has created a new de facto regulatory regime as courts order companies like Meta and Google to change their business practices — and pay up.
Virginia State Senator L. Louise Lucas charged in public corruption case
The 82-year-old surrendered to authorities to face charges Thursday, the Justice Department said. She was charged along with a half-dozen others.
VSee Health Shareholder Letter
Projects a Transformative 2027HOUSTON, TX / ACCESS Newswire / October 22, 2026 / , Inc. (Nasdaq:VSEE) ("VSee" or the "Company"), a leading provider of telehealth and digital health solutions, today issued the following letter from Chairman and Chief Executive Officer Dr.
Metamora, Creve Coeur look to expand business development
East Peoria has already purchased the land on Route 24 and Centennial Drive to expand housing development, while Metamora is developing housing, and possible business development, on 135 acres on Route 116.
John Legend on Pharrell’s musical push, Jay-Z’s praise and new creative challenges with ‘Muse’
Jay-Z once called John Legend “our voice,” but Pharrell Williams had a different idea for Legend's baritone | WWL
Marvel's Wolverine leads US September charts, achieves highest monthly dollar sales for a Sony-published title since Helldivers 2
PlayStation 5 spending rose 43% year over year, while unit sales increased 22%
Tom Brady’s unexpected comment sparks reaction on Fox
OSCAR GONZALEZ FUENTES/Shutterstock.com Tom Brady makes unusual FOX comment Former NFL quarterback Tom Brady used an unusual expression while analyzing Chicago Bears quarterback Caleb Williams during FOX’s October 18, 2026, broadcast. The moment occurred during Chicago’s game against the Atlanta Falcons. Brady described a Williams pass using the word “gyrating,” prompting a surprised response from…
‘There’s no way to stop them’: How campaigns and PACs get away with nonstop texting
Both parties purchase data to build a voter file with info like cell phone numbers. That means there's almost no way to stop the texts.
1Password Surpasses $500 Million in Revenue as AI Agents Drive Growth
As businesses and consumers increasingly adopt artificial intelligence agents, 1Password is aiming to position itself to deliver solutions for growing challenges around security, access and trust.
Australian treasurer says opponents want higher inflation for political gain
In a Canberra Playbook Podcast interview Jim Chalmers accused Liberals of wanting Australians to suffer, as their path back to power.
Business Beat : Chamber to host “Your Website Your 24/7 Salesperson” seminar
COLDWATER, MI (WTVB) - The Coldwater Area Chamber of Commerce will host a business presentation titled "Your W...
Introspection required if EU Inc fails, says start-up lobbyist
European start-ups have a new voice in Brussels. Startups for Europe, created from the merger of lobby groups Allied for Startups and the European Startup Network, is hoping to harness the momentum behind EU-Inc, a campaign that united start-ups and investors behind demands for a new pan-European company regime.At a launch event for the new association in Brussels on October 1, the mood was remarkably upbeat compared to a typical Eurobubble gathering, more Silicon Valley than Schuman roundabout.When asked whether this reflects a feeling that Europe is on the right track, chief executive Serena Borbotti-Frison said it’s a “scary” moment as the continent looks to boost its competitiveness amid a new technological arms race.“What is at stake is quite intense, and the way we can answer is by delivering, but also with hope,” she told Science|Business. “It’s what our industry does. It’s not about identifying a pain point and then saying it’s too hard.”For many in the start-up community, that sense of hope is dwindling. In March, the European Commission presented its proposal for EU Inc, naming its initiative after the grassroots campaign.EU Inc was meant to be a gamechanger: the ability to incorporate within 48 hours for less than €100 and scale up across Europe; a harmonised stock option regime enabling start-ups to compete for talent; and simplified insolvency procedures for innovative start-ups to reduce the cost of failure.However, haggling by EU governments has raised concerns that EU Inc will be stripped of the very features, including stock option harmonisation, that are meant to make it attractive for companies.“I fear we are proving to ourselves that the model doesn’t work,” Borbotti-Frison said of the policymaking process. “Everyone agrees we should have EU Inc. Everyone agrees it’s hard to scale and we need to scale to answer the competitiveness [challenge], and still we cannot deliver? [. . .] What does that say about ourselves?”The Commission has made EU Inc a cornerstone of its single market reform, and has agreed with the European Parliament and the Council of the EU to target an agreement by the end of 2026. However, several points are currently holding up an agreement, including national rules around employee participation in management decisions, and the provision that employee stock options always be taxed at the point of sale. Some EU governments have reportedly pushed back on the Commission’s choice of legal basis, contending that anything related to taxation requires unanimity in the Council.Trade unions have also protested against EU Inc, fearing it will be exploited by companies looking to undermine workers’ rights.“If this doesn’t work, it’s introspection time, on the way our institutions work, maybe the way our lobbies work, and maybe the way the cooperation between them works,” Borbotti-Frison said.“Is it in the national interest? Is it a gap between political will and technical ability to operate? Is it speed? I don't know, but something needs to be fixed.”Ahead of last week’s European Council meeting, EU-Inc campaigners tried a new strategy: appealing directly to EU presidents and prime ministers. In an open letter, they urged EU leaders to “step in and give your negotiating teams a clear mandate to change course and reverse their objections to the Commission’s original proposal.”Lessons from EU-IncLike its predecessors, Startups for Europe will represent national start-up associations, but it is also targeting investors. The founding sponsors are venture capital firm Atomico and EQT, the investor selected earlier this year to manage the €5 billion Scaleup Europe Fund.It also wants to harness the knowledge and cross-border experience of European success stories. “Take the list of the 100 biggest unicorns in Europe. We are speaking to all of them,” Borbotti-Frison said. The association plans to publish a full list of supporters following the Slush tech conference in Helsinki in November.Andreas Klinger and Simon Schaefer, two key figures in the EU-Inc campaign, are both on the board of the new association, and Startups for Europe wants to take the lessons from their campaign.What was unprecedented about EU-Inc was “how rooted it was, and how strong it was in bringing everyone on board behind one clear pain point and solution to fix it,” Borbotti-Frison said. “This is an inspiration for us, and then we need to turn it into something more systematic, more bridged in Brussels, more connected to the policymaking game, and to scale it.”If it’s possible to unite such a broad coalition, it’s because the European start-up ecosystem is now mature, she said. “Maybe it was not ten years ago. Maybe it was not five years ago. But now, it’s mature to speak with one voice.”Open and liberal EuropeThe association plans to campaign on files related to three “pain points,” Borbotti-Frison said: “start and scale in Europe, fundraise and invest in Europe, and making Europe the most innovative continent.”As well as EU Inc, she cited public procurement, the EU’s simplification push, the Savings and Investments Union, and files related to AI adoption and technological sovereignty as priorities for the coming months.What these files have in common is that they relate not to subsidies but to the framework conditions influencing the availability of mostly private, or in the case of procurement, public, funding.Related articlesEmployee participation disagreement delays MEPs’ vote on EU IncCommission urges EU governments not to water down EU IncEU’s ‘ultra-fast’ €5B scale-up fund is set up to win, says its fund managerThe budget dispute over the next Horizon Europe programme will also impact start-ups, which are supported notably through the European Innovation Council. But EU innovation funding is a drop in the ocean compared to venture capital and public procurement budgets.“If competitiveness and innovation are a priority, then the [EU budget] should reflect it,” Borbotti-Frison said. However, she added that the main question is not how much public money is invested, but “how do we create the right conditions for the market to solve the problem?”The Scaleup Europe Fund mixes both approaches, using €1 billion in EU funding to crowd in private investors and address Europe’s lack of large-scale, late-stage growth funds. “It’s a proof of concept. Ideally, then the market will do it itself,” Borbotti-Frison said.Startups for Europe is also focused on bringing an alternative political narrative. Amid competing visions for open, global markets on the one side and a protectionist Europe on the other, it wants to offer “a third voice, to say we can be proudly European and build a strong continent in a liberal economy, open to the world, and global.”It can be tempting, when thinking about how Europe can better support innovation, to look across the Atlantic. But while it’s important to compare statistics to see where Europe needs to catch up, that’s where the comparison should stop, Borbotti-Frison said. “On everything else, we need to do it our own way. We don't have the same history. We don't have the same political model. We don't have the same way of life.”Many of the key files that could benefit the start-up community, including EU Inc and the Savings and Investments Union, rely on closer integration within Europe, making it easier to operate across borders.While the Commission has made deepening the single market a political priority, support at national level is more precarious. The coming months will see pivotal elections in Spain and France, while the German government has also been coming under pressure domestically. In each country, far-right parties have been gaining ground.When asked if she was concerned the political situation could jeopardise this progress, Borbotti-Frison responded: “Of course. I would be lying if I said I wasn’t.” However, she continues to believe that cooperation is the only way forward. “Doing it alone is not the solution. It’s also not who we are, it’s not the model we are building, and it’s not the scale we need.”
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