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The Federal Government’s $33.6 Trillion Health Care Problem
The Congressional Budget Office’s (CBO) latest report on federal health-insurance subsidies estimates the federal government will subsidize health coverage by approximately $2.4 trillion in 2026, by $3.9 trillion by 2036, and by a total of $33.6 trillion over the intervening decade. For all the focus on health care costs in the United States, CBO’s new […]
Amazon CEO: AWS could be a ‘trillion-dollar’ business
Amazon (AMZN) CEO Andy Jassy explained on the company's earnings call that while the company expects to spend approximately '$220 billion in cash capex in 2026' to meet soaring demand, he believes AWS could "very possibly be a trillion-dollar annual revenue business for us in time.'
Samsung Stock Jumps Over 6% In Seoul as AI Memory Business Delivers Record Profit: 'Supply Constraints' Expected to Continue
Samsung Electronics Co. Ltd.‘s (OTC:SSNLF) shares rose on Thursday after the chipmaker posted a record second-quarter operating profit as surging artificial intelligence memory demand boosted its semiconductor business, though higher component costs weighed on earnings in its mobile division. Operating Profit Beat Estimates Operating profit climbed to a record 89.5 trillion KRW ($61.93 billion) for the second-quarter, beating the 88.13 trillion KRW ($60.98 billion) analysts’ forecast compiled by
Ultrafast X-rays capture chemistry unfolding atom by atom
Ultrafast X-rays revealed how a molecule converts absorbed light into motion in just trillionths of a second. Individual atoms recorded different stages of the process, opening a powerful new window into light-driven chemistry.
The Science Behind the AI Panic Is Shakier Than You Think
A column by Sascha Lobo Is AI making us dumb? So asked DER SPIEGEL on its cover a while ago. After a few weeks of recovery and a therapeutic intervention with the help of my AI, I feel able to respond. That’s a bit unfair, of course; the article itself is more nuanced than the loud cover, the image of a schoolkid with dull prompt questions, or the subtitle: “AI is conquering the schools, and educators fear a disaster.” The short answer to “Is AI making us dumb?” is: no. The long answer is more interesting, and even carries a preliminary glimmer of the spectacular. Unfortunately, it requires a detour into the sphere of artificial intelligence, into the mogul-field terrain of technology assessment, the attention economy, and the destructive virus of cultural pessimism. Along with narrowing the scope to AI’s effects on education and work rather than on intelligence. Because the honest version of the question would be: Does AI help us learn and work, or not? Generative AI, which set off the still-ongoing hype with ChatGPT, has only existed in relevant distribution since late 2022, early 2023. For a technology-driven transformation of people and society, that is extremely short. For that reason alone, research is still in its infancy. And technology assessment is not a fast discipline anyway. Prominent voices from Elizabeth Eisenstein to RAND to Tom Wheeler say we still cannot conclusively judge the consequences of the printing press. Its invention is a mere 580 years back, and some scholars would rather not circulate assessments that might have to be retracted in two or three hundred years. We’re Going Through Growing Pains A phenomenon that already caused upheaval in social media research makes serious assessment of AI’s consequences even harder: the “moving target” problem of LLM-ology, as the linguist Sean Trott called it in 2025. AI develops so quickly and so unpredictably that researchers often end up studying snapshots of the past. There are concepts, from morphological analysis to anticipatory governance, for keeping research, planning, and regulation halfway meaningful anyway. But even with those, universally valid statements are rare. DER SPIEGEL - The German View is a reader-supported publication. To receive new posts and support our work, consider becoming a free or paid subscriber. Subscribe We should therefore treat findings about the interplay between humans and AI as far more procedural and situational. Unfortunately, this challenge comes at the worst possible time. We are going through growing pains: AI’s everyday impact has grown very large very fast, and with it the longing for guidance. Annoyingly, the body of solid knowledge has not exploded along with it. Experts cannot be moved to broad consensus on even banal statements about AI. Sascha Lobo, born in 1975, is an author and strategy consultant focusing on the internet and digital technologies. Together with Jule Lobo, he explores the debates of the day in the podcast “Feel the News – Was Deutschland bewegt” (”What Moves Germany”). Nvidia CEO Jensen Huang says software developers are dying out. Bill Gates considers coders one of only three professions that will survive the AI tsunami. Top tech economists find virtually irrefutable arguments both for and against an AI bubble. The same naturally applies to the structurally youth-hostile debate over whether AI is good or bad for young people. The gap between the demand for insight and the supply of solid knowledge creates an orientation vacuum. This vacuum of AI cluelessness is filled, as the attention economy described by Georg Franck in 1998 would have it, with half-knowledge (funnily enough, often AI-generated), marketing, and self-marketing. After all, infinite money is at stake, along with academia’s best current shot at global fame. But this iridescent froth of interpretation operates more by the algorithmic principles of the digital public sphere than by seriously earned insight. That is why dramatized, fear-feeding claims about AI are so promising. It tempts parts of academia into distorted drivel, and parts of the media then sensationalize the published drivel once more. Was the Research Aimed at a Desired Result? How badly this can influence academia and public perception is demonstrated by one of the most-discussed studies on AI’s effects: “Your Brain on ChatGPT.” The MIT study by Nataliya Kosmyna also gets plenty of space in the SPIEGEL cover story. What was measured and interpreted: lower brain activity in people who write with AI assistance, compared to people who only google or write without any tools. As is common with preprints, the study has not yet been peer-reviewed, and it contains substantial weaknesses that experts have sharply criticized. The first round had 54 participants in three groups, the second only 18, who reportedly also came from MIT’s own orbit. There was no preregistration (committing in advance to what you want to find out with which data). In their analysis, Stanković et al. even discovered an opposite effect that the study does not further explain. Some measurement data has not (yet) been published. And the EEG analysis method used is considered too imprecise to support such far-reaching conclusions. The biggest criticism, though, is the suspicion of an activism-driven study. In an interview with Time, lead author Kosmyna said she published the study immediately, rather than after full peer review, because she feared politicians might otherwise decide to put ChatGPT in kindergartens. She considers that absolutely harmful. It is legitimate to hold such a view. It just seems unscientific to approach a study with it, and then to design the setup so that the chance of a fitting desired result remains as high as possible. Ideologies Collide It is not easy to separate genuine AI insights from studies that trivialize and weaken well-founded AI criticism. The same goes for the opposing, AI-enthusiastic narratives, because the pro-AI side works against it with billions in resources. Ideologies collide, fed by egos, PR strategies, moral posturing, and once-in-a-lifetime opportunities. Doomsday marketing makes the search even harder: AI companies can profit from warnings about the dangers of AI, whether through the notoriety of apocalypse narratives or because, in some target groups, danger translates into power. Some seemingly negative findings are therefore quite welcome in the AI industry. If you try to get at the findings presumably less influenced by interest groups, the picture in education seems relatively clear: AI can improve educational outcomes when the right AI is used the right way, namely pedagogically. Simply dumping an AI chatbot into a classroom, by contrast, accomplishes little. Huge surprise. But something else is also obvious: whether they are allowed to or not, kids use AI for school, which is why the controlled integration of AI tools into education is, in the medium term, entirely without alternative. In the world of work, the landscape of findings is more complex and requires more differentiation. A series of serious studies points to an AI effect that suits neither the alarmists, regulation fetishists, and AI opponents, nor the trillion-dollar corporations with their armada of paid scientists, PR professionals, and ecosystems: working with AI helps the inexperienced (at least for now) considerably more than it helps the pros, in certain fields of work, and provided they know how to use it correctly. Missing Domain Knowledge Among the experienced, the professionals, and the high flyers, by contrast, despite frequent time savings, partially negative effects and new problems are emerging. Take the jagged frontier problem: AI solves task A brilliantly and fails completely at task B, even though both look similar even to professionals. Or the verification-cost problem, in which AI’s greater productivity gets eaten up by the enormous effort of checking its output. Or the illusion of competence, because AI makes new domains seem easily penetrable, until you painfully discover that deep domain knowledge is missing. Taken as a whole, the effects of working with AI do lean positive. But the promise that AI works as a turbocharger for everyone and boosts practically everything simply refuses to materialize. The AI magic the world has been feeling since ChatGPT arrived in late 2022 has so far barely shown up in most companies’ numbers. The consulting firm McKinsey has coined a term for this, the “gen AI paradox,” and believes that work processes and corporate structures would have to be rebuilt quite fundamentally to realize AI’s benefits at scale. Reuters just reported that only 3.3 percent of Microsoft’s customers have subscribed to the AI package Copilot. That may be down to the product; in other areas we continue to see soaring successes and new AI triumphs. But after the first quarter of 2026, disillusionment is the word for all too many AI projects at traditional companies: because the promised revolution of AI agents has so far failed to arrive or been postponed, and because of the leveling effect that many of the studies cited here suggest. Against Inequality The societal effects, on the other hand, appear rather encouraging. Many previous technologies operated on the Matthew principle, named for the Gospel verse about giving to those who already have: they tended to reward the more competent and more privileged. AI, however, seems more often to have an equalizing effect once a threshold of access and education is crossed. Some anecdotal insights point in this direction, for example, how an unemployed man in Leipzig successfully defended himself in court in 2025 against fraud accusations from Germany’s federal employment agency — without a lawyer, armed only with ChatGPT. The AI made mistakes and cited invented court rulings, but in the end the man walked away unpunished. And a key capability of artificial intelligence is its capacity to learn: set up correctly and fed with data, it can keep getting better. It is a question of time, or more precisely of AI innovations and training data, until even free AI chatbots write better legal briefs than law graduates with perfect exam scores. Whether that will make anyone dumb is something the world’s press will surely inform us of in due time. Subscribe Leave a comment
K-pop Fanomenon awards show in Seoul aims to generate $680 million
A Culture Ministry-backed 11-day event led by Korea’s four biggest agencies will debut in 2027, with awards honoring fandoms and a projected economic impact approaching 1 trillion won.
Dell Deskside Agentic AI cuts token costs by up to 87%
Dell, with Nvidia, introduces Deskside Agentic AI to manage token costs, enabling local trillion-parameter model runs and reducing cloud expenses.
Rep. Gluesenkamp Perez breaks from Democrats on $1.15 trillion defense bill
Rep. Gluesenkamp Perez joined Republicans to pass the defense bill, despite opposing the attached SAVE America Act.
House votes to adopt Department of War renaming as part of annual defense bill
The House on Wednesday passed a defense policy bill that incorporates President Donald Trump's request for a historic $1.15 trillion in spending for national security and that would designate the Department of Defense as the Department of War.
Cathie Wood says battered SpaceX could become 'most important company in global history'
ARK Invest allocated $80 million to SpaceX after its IPO, and CEO Cathie Wood remains bullish even as the stock sheds nearly $1.4 trillion in market value.
Hegseth turns tables on Dems as sparks fly during hearing clash: 'I put this on you'
Defense Secretary Pete Hegseth clashed with Democratic senators over Iran war strategy and military funding amid a record $1.5 trillion budget request.
Pakistan Unveils Rs 18.8 Trillion Budget 2026-27: Tax Relief for Salaried Class, Landmark Exemption for Women's Health Amid Regional Crisis
Finance Minister Muhammad Aurangzeb presents federal budget for fiscal year 2026-27 during a National Assembly sessionISLAMABAD, July 22, 2026 (...
Roundup: LNG exports / Prairieville market / GLP-1 rivalry
Predicted to double: U.S. LNG exports are expected to nearly double by 2031, becoming the country’s second-largest net export industry and contributing an estimated $1.4 trillion to the economy. The growth is driven by abundant shale gas supplies, major Gulf Coast investments and rising global demand, with LNG exports projected to support hundreds of thousands […]
The truth about gut health
Mythbusting our relationship with the trillions of microorganisms living in our gut.
Treasury intercepts nearly $99M in federal payments to deceased individuals under Trump fraud order
A new Treasury fraud verification system screened 885 million transactions worth $2.77 trillion, catching over 4,900 improper payments to deceased recipients.
GameStop CEO Says Physical Games Don't Matter
Ryan Cohen also claims that if GameStop and eBay merged it could create a $1 trillion business
Asked & Answered at PTTOW! Entertainment: The $3 Trillion Question Driving the Future of Entertainment
LOS ANGELES, July 16, 2026 (GLOBE NEWSWIRE) -- The entertainment business has always run on separation. On February 25, 2026, PTTOW! pulled that...
The $124 trillion Great Wealth Transfer is more than just cash: More U.S. businesses are now being inherited than bought, BofA finds
A greater share of companies passed down to family members could be a sign of greater wealth concentration and the power of private markets.
WATCH LIVE: Senate Democrats block $1 trillion annual defense bill in protest over Iran war
Health insurers’ $1.7 trillion revenue sparks concern
Physician-legislator Greg Murphy is calling for the breakup of the seven largest for-profit health insurance conglomerates, which he says are taking almost $2 trillion annually from the American pe…
Why the Trillion-Dollar AI Buildout Is Quietly Squeezing Small-Business Owners
New York Fed President John Williams says AI-driven demand is now one of the inflation risks he is watching most closely. The stakes are high for small-business owners.
Why gold never tarnishes has finally been explained
Gold may have a secret self-defense system that helps it resist tarnishing. Researchers discovered that atoms on gold surfaces reorganize themselves into patterns that block oxygen from reacting with the metal, suppressing oxidation by up to a trillion-fold. Beyond explaining why gold jewelry stays bright for generations, the finding could help scientists create more powerful gold-based catalysts for manufacturing and clean energy.
Google's SensorFM Reveals Where AI Takes Wearable Health
Google's trillion-minute SensorFM data shows wearables shifting from raw metrics to AI health agents, a trend already reshaping Whoop and Oura.
Cboe expects SK Hynix options to trade two business days after Nasdaq debut, source says
Derivatives exchange Cboe Global Markets expects to list options on SK Hynix's U.S.-listed shares two business days after the stock's trading debut, a source familiar with the matter told Reuters on Friday. The South Korean chipmaker, which raised $26.5 billion in share sale, is set to make its Wall Street entry later in the day. SK Hynix, which is valued at about $1.03 trillion based on its South Korea-listed shares, did not immediately respond to a Reuters request for comment.
Auchter's Art: Class in politics
It did occur to me to make Elon Musk the guy in the cartoon. After all, the newly minted trillionaire is very much the poster child for an absurd concentration of wealth leading to an absurd concentration of power.
Pelosi, Rowe-Finkbeiner: We can fix health care, but Trump chooses Iran
Republicans triggered this health care crisis by slashing $1 trillion from Medicaid and failing to extend the Affordable Care Act premium tax credits.
You’re Always Surrounded by Neutrinos!
This second, as you’re reading these words, trillions of tiny particles are hurtling toward you! No, you don’t need to brace yourself. They’re passing through
Four states seeking $1.4 trillion in penalties in child social media addiction trial, Meta says
Four states are seeking $1.4 trillion from Meta over claims Facebook and Instagram were designed to be addictive to children without any warnings on the alleged harms of the apps.
SpaceX's $1.6 Trillion Opportunity Could Be More Valuable Than Its AI Business
It has a solid foundation and a lot of potential to build this huge business.
Scientists Propose ‘StormWall’ To Stop A $2.4 Trillion Solar Storm
A proposed StormWall spacecraft fleet could release gas to weaken solar storms, protecting satellites, power grids and technology, but potentially reducing auroras.
Long Reads for the Long Weekend
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) Happy Fourth of July weekend! As has been a tradition of mine going back to the beginning of the EntStrategyGuy website, I’m sharing my favorite long reads of the last year, like I did in 2019, 2020, 2021, 2024, and 2025. Let’s dive right in! Subscribe “Different Prices for the Same Ride: How Uber and Lyft Use AI to Get More Money Out of You“ by Derek Kravitz in Consumer Reports I don’t think surveillance pricing, like the kind described in this brilliant Consumer Reports article, is long for the world—it’s toxically unpopular—but we’ll see if either party takes on this issue. If I ran a political party focused on affordability, I would focus on a few pro-consumer and pro-market policies: Banning non-compete agreements. Ending surveillance pricing Eliminating junk fees (read more here...) Ensuring “right to repair” for consumer (and military!) products Capping excessive app store fees Stopping digital/algorithmic price-fixing tools. Preventing automatic subscription price increases. And more. If you want to fight inflation, there are a lot of great ways to do it quickly. Speaking of higher prices... “Secret Documents Show Pepsi and Walmart Colluded to Raise Food Prices Across the Economy“ by Matt Stoller in BIG Again, I think a political party should focus on lowering prices for consumers. And deals like this—Walmart making a deal/forcing Pepsi to offer the lowest prices at its stores and nowhere else—hypothetically lower prices at Walmart...but raise them everywhere else. “15 DUIs, still driving: California’s failure to take repeat drunk drivers off the road“ by Robert Lewis and Lauren Hepler in CalMatters CalMatters does terrific reporting in California, something the Golden State desperately needs more of, and this article is a great example of that. “PugLips: The next insanely popular thing you’ve never heard of…” by Simon Carless in Game Discover Co I thought that this parody article (and yes, it’s a parody, but I was definitely unsure at first) was hilarious and totally nailed how much tech/business journalism feels these days. Actually, three of my favorite articles this year were on hype in the video game industry, including Georg Zoller’s “The Video Game Industries Very Dark Night”—which I linked to recently and wrote a follow-up here—and Owen Mahoney’s “Derek Zoolander, Videogame Exec”. In particular, I like Mahoney’s focus on user experience as a guide to what trends will actually grab hold of customers. “The Matrix Lies“ by Evan Shapiro in Media War & Peace Evan Shapiro’s first person account of his experience with AI was hilarious. I think LLMs capabilities have significantly grown from last summer, and yet...my editor/researcher just had an abysmal experience using an LLM to do a quite basic task (which our LLM normally does each week) and the LLM made a mistake on every single data entry...along with seven different mistakes affecting twelve of the twenty or so entries, including mistakes that are explicitly spelled out in the prompt. That’s a brutal failure rate. Again, if you use AI/LLM for data collection, you need to take a lot of extra steps to verify and check the data. “Ghosts in the Balcony: A Cross-Country Trip to 58 Theaters Fighting to Survive“ by Matthew Frank in The Ankler I thought Matthew Frank’s pitch to head across America to visit theaters sounded insane aggressive at the time—at least it felt that way to someone a decade older than him; man, to be in your twenties again, am I right?—but I knew the result would be great. And it was, a terrific feature by a great young writer. Also, I loved Matthew’s recent article on who’s getting the precious few entry level jobs in Hollywood. (Hint: nepotism.) “Disney erased FiveThirtyEight“ and “Did Las Vegas get too greedy?” by Nate Silver in Silver Bulletin I love media history and analysis, and there’s no one better to get the history of FiveThirtyEight than from Nate Silver, who wrote about his personal experience in one of my favorite pieces from this year. I also loved Nate’s breakdown of what’s causing Vegas’ woes, but I’ll offer one criticism, summarized as “Might I suggest antitrust?” Many centrists/center-right/libertarian thinkers (Nate is self-described as the latter) often don’t consider consolidation or antitrust as factors in policy issues like housing, America’s military readiness, or, in this case, Las Vegas. Even if libertarians want to debunk antitrust/consolidation concerns, I’d love to read that debunking. In this case, Vegas is incredibly consolidated (though it also has been for a long time) and I’d have loved to read Nate at least contending with this factor, since he addresses almost every other potential factor for Vegas’ decline. “Why Microsoft’s Carbon Removal Pullback Is Such a Big Deal“ by Robinson Meyer in Heatmap News I’m a big supporter of carbon removal efforts, but this nascent industry faces a lot of headwinds, including this big move most recently. I think it’s clear that solar panels and batteries should be able to get the world to its carbon footprint goals, but effective carbon renewal remains necessary to prevent the worst impacts of global warming. “AI is killing the cheap smartphone“ by David Oks LLMs and AI will impact the world in ways we’re not ready for, and already, third world countries are seeing the prices of cheap cellphones skyrocket due to the cost of chips skyrocketing. This article by David Oks is a terrific breakdown. “100 Days of Madness: Netflix, Paramount, Warner and the Future of Hollywood“ by Wade Major at Hollywood Heretic Wade Major dove deep into Hollywood/streaming’s financials in this must read piece. Not that I agree with everything in this article (read my take on Warner Bros./Paramount here) but the analysis is top notch. I think many people discount how quality thinking, regardless of the argument/conclusion, will make you a better thinker. “Erased by the UFC: Frank Shamrock, The MMA GOAT of the 20th Century“ by Nate Wilcox in The MMA Draw Newsletter Growing up playing the UFC fighting game on the Dreamcast, Frank Shamrock was my favorite MMA fighter, and this history/tribute to him was great. Other Fun Reads “The Hardest Part Of History To Tell Is How It Felt“ by Craig Fehrman at Defector “Unmasking the Sea Star Killer“ by Craig Welch at bioGraphic “What Could Save the Industry? Fin-Syn“ by Richard Rushfield in The Ankler Alex Rollins Berg in Underexposed on movie bumpers, pillow shots, Disney trash cinema, cult films, and Casablanca. David H. Montgomery in YouGov’s The Surveyor on punctuation marks, condiments, dinosaurs, and comic strips and kids media. “How Medium finally pivoted its way to profitability“ and “Why the best journalists on YouTube are all former Vox employees“ by Simon Owens in Simon Owens’s Media Newsletter “It’s Not Just You, Netflix Shows Have Gotten Slightly Shorter: Here’s What the Data Says“ by Kasey Moore at What’s on Netflix “Numlock Awards: How Diane Warren became the biggest loser in Oscar history“ by Nathaniel Rakich and “Numlock Awards: The Oscar Bait era is over. The Oscar Chum era is here.” by Walt Hickey & Michael Domanico at Numlock Awards
Guilt by Accumulation
The recent news of entrepreneur Elon Music becoming the first trillionaire in world history should have been an occasion met with not only the astonishment it merited, but also the admiration it deserved. Unsurprisingly, it was met with neither. Just the far opposite. Instead, the jealous fangs of the anti-capitalists were bared which, in and […]
Ex-Foursquare Founder Takes On The $5 Trillion Small Business Exit Crisis
Iconic is using AI to help Main Street business owners sell smarter as $5 trillion in small business value prepares to change hands over the next decade.
El Niño Is Back—and It Could Cost Businesses Trillions. What Smart Leaders Are to Prepare
Dartmouth research makes the duration of the damage clear: economic losses from major El Niño events persist for five years after the event itself.
CMS projects national health spending grew to $5.7 trillion in 2025
National health spending is projected to have reached $5.7 trillion in 2025, up 7.3% from 2024, according to an analysis by the Centers for Medicare & Medicaid Services published yesterday by Health Affairs. It marks the third consecutive year of growth greater than 7%. CMS projects growth to continue in 2026 due to continued demand for high-cost retail prescription drugs, mostly from individuals with Medicare and private insurance.
Another roadblock for DOJ campaign against trans health
New bill proposes expanding methadone access, $5.7 trillion on U.S. health care, and more health news from Morning Rounds
Nation's health care tab hit $5.7 trillion last year
It marked the third consecutive year that health spending rose above 7%.
CMS projection: 90% of Americans will still have health insurance in 2034—when healthcare spending reaches $9T
Legislative changes, demographic shifts and growing demand will combine to drive national health spending to almost $9 trillion by 2034.
Elon Musk identified as buyer of Jacksonville business in FTC filing
Trillionaire Elon Musk bought the assets of Jacksonville-based APR Energy, according to a Federal Trade Commission filing.
Elon Musk’s trillionaire status at risk after drops in SpaceX and Tesla’s shares
Rolling coverage of the latest economic and financial news
United Nations: business can’t build economic resilience from the sidelines
As geopolitical risk rises and the $4 trillion SDG financing gap widens, blended finance will only scale if companies help design systems.
Global entertainment revenues to reach $4.2 trillion by 2030 as advertising powers industry growth
The global media industry is on course to generate US$4.2 trillion in annual revenues by 2030, according to the latest forecasts. The sector will add around US$600 billion in new revenue over the n…
Global entertainment and media advertising revenues to hit US$1.4 trillion in 2030 - as global box office continues recovery: PwC
The global entertainment and media (E&M) industry will hit US$4.2 trillion in revenues in 2030, growing at a CAGR of 3.4%, as AI-powered advertising and in-person, live experiences power growth in the industry, according to PwC's Global Entertainment & Media Outlook 2026-30, released today.
Global entertainment and media advertising revenues to hit US$1.4 trillion in 2030 – as global box office continues recovery: PwC
The global entertainment and media (E&M) industry will hit US$4.2 trillion in revenues in 2030, growing at a CAGR of 3.4%, as AI-powered advertising and in-person, live experiences power growth in the industry, according to PwC’s Global Entertainment & Media Outlook 2026-30, released today.
Health and Wellness Market Size to Hit $12.9 Trillion by 2031 Growing at a CAGR of 10.9%: Allied Market Research
As per a new report published by Allied Market Research, titled, "Health and Wellness Market by Product Type (Beauty & Personal Care Products, Health & Wellness Food, Wellness Tourism, Fitness Equipment and Others): Global Opportunity Analysis and Industry Forecast, 2022–2031," the global health and wellness market size was valued at $4.7 trillion in 2021 and is estimated to reach $12.9 trillion by 2031, growing at a compound annual growth rate (CAGR) of 10.9% from 2022 to 2031.
From rockets to brain implants, here's a look at Elon Musk's vast empire
Elon Musk, the world’s richest man and now first-ever trillionaire, controls a lot of different businesses.
Platner's 'deranged' response to Musk becoming a trillionaire sparks online outrage: 'Loserthink'
Maine Democratic Senate candidate Graham Platner faces conservative backlash after posting about Elon Musk becoming the world's first trillionaire.
Wages Are Falling. Wealth Is Surging. No Wonder Americans Are Unhappy.
As Elon Musk became the world’s first trillionaire, workers are facing higher prices and fears of A.I.-driven job losses.
SpaceX makes historic debut; Musk solidifies status as world’s first trillionaire
SpaceX's IPO valued the rocket and satellite company at roughly $1.77 trillion, pushing Elon Musk's net worth to about $1.1 trillion and making him the first trillionaire on paper.
We May Be Surrounded by Trillions of Conscious Beings, Research Suggests—And They Aren’t Human
We might need to reconsider our position in the consciousness hierarchy.
621 trillion miles of fungi networks crisscross the planet
A new map explores the vast underground world supporting all life on Earth.
Social Security is Facing a Political Crisis
On Tuesday the Social Security Trustees released their latest report on the system’s finances. The numbers didn’t change much: Unless something is done, the Old Age Survivors and Disability Insurance (OASDI) program, Social Security’s official name, will be unable to pay full benefits starting in either 2032 or 2034, depending on some technical issues. That’s not far away: If the Trustees are right, the prospect of a Social Security crisis will loom over the next presidential administration. It’s important to understand, however, the nature of the looming crisis. It won’t be an economic crisis. It won’t even be a serious fiscal crisis. Whatever you may have heard, Social Security isn’t in danger of going bankrupt. What we’re facing, instead, is potential political crisis. Congress and the White House could easily take action to sustain America’s retirement system. But given the current state of our politics, there’s no guarantee that they will. There is a widespread misunderstanding of how Social Security works. While Social Security was designed to look like a pension fund, it isn’t. A pension fund pays benefits out of a stock of assets it has accumulated over time. In contrast, Social Security operates as a government transfer program, like food stamps or Medicaid. Now, unlike food stamps — but like the highway trust fund — Social Security is on paper supported by a dedicated tax, the payroll tax, that is assigned to that program. But I say “on paper” because from an economic point of view assigning the payroll tax to Social Security is just an accounting convention. What matters for the U.S. economy is the overall balance between government spending and government revenue, not the difference between one type of spending and one source of revenue. So there’s no inherent economic significance to the fact that by 2034 payroll tax receipts will be insufficient to cover promised benefits. There is, however, a legislative issue. As long as the Social Security Administration can pay benefits out of payroll taxes and its cash reserve, there’s no need for Congress to vote each year to authorize benefits — they just keep going out until further notice. However, once those resources become insufficient, benefits will fall —by 17 percent according to the Trustees — unless Congress passes new legislation that “tops up” Social Security’s finances. Yet the current administration and Republican party are such extremists that there is a real risk that Social Security will be held hostage on behalf of their goals. If this should come to pass, the hostage-takers will claim that shoring up Social Security is unaffordable. Right on cue, Mike Johnson, the Trump-sycophant Speaker of the House, declared on Monday that “entitlement programs” like Social Security “have to be adjusted and fixed,” and that Republicans will introduce a plan to that effect next year. But this is a ploy, because while the cost of maintaining Social Security benefits at their promised level isn’t trivial, it is in fact affordable. According to the Trustees’ report, the actuarial balance of OASDI up through 2050 — the amount of additional funds it would need to keep paying full benefits for the next 25 years — is 1.06 percent of GDP. To put that number in perspective, the Trump administration proposes increasing military spending next year by $420 billion, equivalent to about 1.4 percent of GDP – without any discussion of whether that’s affordable Yet how did we get to the point where Social Security will need to be topped up? The main answer is that we have an aging population, with a growing ratio of retirees collecting benefits to workers paying into the system: Trump’s anti-immigration policies are making this problem worse. According to the Trustees’ report, lower immigration will deepen Social Security’s financial hole because many immigrants are working-age adults who will pay into the system for decades before they collect benefits. In fact, this problem may be much bigger than the report acknowledges: The report’s baseline assumption is that we’ll have net immigration of almost 1.2 million people a year, and even the pessimistic case assumes 750,000 a year. Meanwhile actual net immigration has already been cut far below that — and may now be negative. Moreover, Social Security is being financially damaged by growing income inequality in America. Payroll taxes are levied only on wages up to $184,500, and they don’t touch capital income. With the distribution of income increasingly shifting from labor to capital, as well as becoming more unequal among wage-earners, revenue from the Social Security payroll tax has been falling as a share of national income. From 1990 to 2024, it fell from 5.02 percent of gross domestic income to 4.46 percent. Which brings me to the question that, these days, we ask about everything: How might Social Security be affected by the advent of AI? A short answer: If, as many of us fear, AI accelerates rising income inequality, it will further reduce the payroll tax receipts that currently pay for Social Security and further endanger its finances. On the other hand, if AI, as its advocates promise, leads to faster economic growth, it will increase the potential tax base that could and should be used to support Social Security and other social insurance programs. But to take advantage of that larger base, we’ll have to get serious about taxing wealth and capital income. Is Social Security in trouble? Yes, but only because of the way its financing is currently structured — a structure that no longer works well because our society and economy have become so unequal. Moreover, Trump’s immigration policies are further endangering its already deteriorating financial condition. So don’t believe Republicans’ gaslighting that it will be necessary to cut Social Security benefits. All that is necessary to preserve Social Security is political will to raise taxes on the wealthy and a sensible immigration policy. MUSICAL CODA Actually 67 under current law.
SpaceX Owns a Real Business That Makes Big Money
A simple view of SpaceX is that it’s a low-cost rocket launcher that created the profitable Starlink satellite business and which is now burning cash to build orbital data centers and colonize Mars. Starlink doesn’t have the lead role in SpaceX’s $1.8 trillion initial public offering. But it is the real business inside the company, and the telecoms industry and its regulators can ill afford to be complacent about the disruptive threat it poses.
The iOS 27 Beta Pretty Much Confirms That An Apple Foldable Is Happening
Can’t a multi-trillion-dollar company have secrets any more?
Elon Musk Is on Track to Become the World’s First Trillionaire. Here’s the Real Impact on Your Business
The SpaceX IPO has huge implications for how you lead when extreme wealth concentration is reshaping trust, culture, and your employees.
HP announces the most powerful Windows AI PC ever built — Nvidia GB300 workstation can handle one trillion parameters thanks to its 784GB unified memory, but it won't be cheap
Server-grade power, now on your desk.
SpaceX sets the stage for a record $75 billion IPO
Elon Musk’s SpaceX unveiled plans Wednesday to set a $135 share price in its initial public offering price, for a sale worth $75 billion. The blockbuster debut would make Musk – already the world’s richest person – the first-ever trillionaire.
'Seven Days in June': Protests nationwide this week rally against Trump $1 trillion cuts to health care and hospitals
Lin-Manuel Miranda and Noah Wyle are among the celebrities supporting the events, which oppose recent cuts to Medicare, Medicaid, and more.
Jensen Huang calls Marvell 'next $1 trillion company,' stock spikes
Marvell Technology's share price jumped more than 20% in out-of-hours trading after Nvidia's CEO praised the lesser-known chipmaker.
When War Breaks Out Over the Family Business, They Get the Call
As baby boomers begin passing down trillions in assets, advisers who specialize in navigating the process — and the emotions around it — have never been busier.
Apple reportedly trying to distill Google's multi-trillion-parameter Gemini AI to run on iPhone
As Apple tries to shrink Gemini for the iPhone, a cloud component is probably inevitable.
Why Memory Chips Are Dominating the A.I. Rally
Three major producers — Micron, Samsung and SK Hynix — are now trillion-dollar companies. Politicians and Wall Street have taken notice.
SpaceX’s AI Business Waits for Liftoff | AI & Business for May 26
Plus, California studies AI job losses, Anthropic’s revenue soars and Nvidia plays the role of $5 trillion underdog.
EuroTPC project launches to reinforce Europe’s role in AI for science
The EuroTPC project has launched to strengthen Europe’s role in the global Trillion Parameter Consortium, advancing AI for science.
Steve Wozniak says he didn’t cofound Apple to ‘make money’—he only did it because he was rejected by HP 5 times, and for years his pay was just $50
While he could’ve been a trillionaire today, Apple cofounder Steve Wozniak sold his stake early: “I didn’t want to be near money, because it could corrupt your values.”
A look at the SpaceX IPO by the numbers
Elon Musk is all about big numbers — billions, trillions – and you can find them sprinkled throughout an extraordinary document he just filed to take his rocket maker public.
SpaceX Sees a Huge Market for Its Business. Most of It Isn’t Space-Related.
SpaceX said in its IPO filing yesterday that it estimates a “TAM,” or total addressable market—a business term for potential revenue opportunities—of $28.5 trillion. The figure includes: $370 billion in Space from space-enabled solutions and $1.6 trillion in Connectivity, including Starlink Bro
Most Business Transformations Fail. Here's What Leaders Can Do Differently
/PRNewswire/ -- Companies are investing trillions of dollars in transformation initiatives, yet change efforts continue to fail routinely. The financial costs...
THE WEEK OF MAY 18, 2026
- House releases Energy Water bill - Republicans highlight research security concerns - Golden Dome cost estimated at over $1 trillion
World Economic Forum: women’s health gets only 20% of R&D funding. We must seize this $1 trillion opportunity
A new radar developed with the Gates Foundation and Wellcome Leap reveals that fewer than 3% of clinical trials are women-specific.
Korea’s SK Siltron receives $544 mn loan from DOE for wafer investment
Doosan Group is set to close a deal to acquire 100% of SK Siltron Co., a roughly 5.5 trillion won ($3.7 billion) transaction that would recast the South Korean
China Will 'Open Wider' For U.S. Business, Xi Tells Trump Delegation—Including Musk, Cook, Huang
U.S. executives, with a combined $1 trillion net worth, joined Trump on his trip to China.
Scientists Just Measured an Energy Pulse Smaller Than a Trillionth of a Billionth of a Joule
A newly developed quantum sensor has measured unimaginably small amounts of energy with record-breaking precision.
The AI chip frenzy is creating a new trillion-dollar contender
SK Hynix is a top supplier of memory chips to Nvidia, whose AI accelerators have become the backbone of the AI race.
The state of women's health in numbers
Addressing women's health outcomes could unlock $1 trillion annually by 2040, but investment is still vital to closing the gap.
Daiichi Sankyo Unveils New Five-Year Business Plan Focused on Oncology Leadership and Innovation
TOKYO, May 11, 2026--Daiichi Sankyo (TSE: 4568) today revealed its next Five-Year Business Plan (FY2026 - FY2030) that outlines how the company plans to deliver more than 2.3 trillion yen in oncology revenue by 2030 and be a global top five oncology company by 2035 as part of its larger 2035 Vision to be recognized as a "trusted healthcare innovator transforming the lives of people through science and technology."
Why the Wellness Industry Is Betting Big on Longevity Science: Expert View by Spherical Insights
Wellness market is projected to grow from approximately USD 5.4 trillion in 2024 to nearly USD 10.73 trillion by 2035, registering a CAGR of around 6.44% during 2025–2035.
Sony forecasts lower gaming business sales amid memory price surge
By Sam Nussey TOKYO, May 8 (Reuters) - Sony forecast on Friday annual sales at its gaming business would fall 6% to 4.42 trillion yen ($28 billion) due to lower hardware sales as its PlayStation 5 ages and as the industry grapples with a surge in memory chip prices. The Japanese company, however, said it expects gaming profit to rise 30% due to higher first-party software sales and the absence
Sony forecasts 11% rise in annual profit but lower sales
Sony forecast on Friday its operating profit for the year ending March 2027 would rise 11% to 1.6 trillion yen ($10.20 billion), with higher profit but lower sales at its main gaming business.
McKinsey Small Business Report Shows Need for Indexing Cap Gains Amid $5 Trillion in Ownership Transfer - Americans for Tax Reform
A new report from the McKinsey Institute for Economic Mobility focuses on an unprecedented wave of small-business ownership transitions. By 2035, about 6
The state of women's health
Addressing women's health outcomes could unlock $1 trillion annually by 2040, but investment is still vital to closing the gap.
Nvidia's $4.9 trillion chip empire has a Google and Amazon problem
Taking on Nvidia won't be easy, but one analyst said the process of companies diversifying their chips is underway and "irreversible."
How the World Cup could boost the growing sports economy
The FIFA World Cup 2026 could create more than $40 billion in global GDP, part of a wider sports economy that is set to reach $8.8 trillion by 2050.
The universe may end trillions of years sooner than we thought
Recent surveys hint that the rate of cosmic expansion changes dramatically over time; if that's true, then the universe could end much sooner than we thought, new research suggests.
Anthropic has surged to a trillion-dollar valuation on secondary markets.
Buyers are in a race to secure a dwindling supply of shares in Anthropic, driving the AI company's valuation on some platforms to $1 trillion.
How Tim Cook’s Tech Uniform Helped Make Apple Trillions
The unassuming look of the outgoing Apple chief executive was an asset, as he navigated pop culture, the president and following Steve Jobs.
This new camera captures what happens in a trillionth of a second
Scientists have unveiled a breakthrough imaging method that can capture the hidden details of events unfolding in trillionths of a second. This new technique doesn’t just track how bright something is—it also reveals subtle structural changes that were previously invisible, all in a single shot. By effectively turning ultrafast phenomena into detailed “movies,” researchers can now watch plasma form, electrons move, and materials transform in real time.
Tim Cook proved Silicon Valley wrong about founders
Tim Cook defied Silicon Valley's founder myth, turning Apple into a $4 trillion giant and proving non-founders can build lasting value
Trump’s $1.5 Trillion Defense Budget Could Be Political Suicide for Republicans
In so many ways, this budget is a fantasy.
Can the Outdoors Solve a $5 Trillion Healthcare Problem? This New Alliance Says Yes.
The Outdoor Recreation Roundtable will host the National Executive Forum on Health and Outdoor Recreation May 6-7 in Washington D.C.
Common cleaning sponge found to release trillions of microplastic fibers
That “magic” sponge under your sink may be hiding an environmental downside. While melamine sponges are famous for effortlessly scrubbing away stubborn stains, they slowly break down as you use them—shedding tiny plastic fibers that wash into water systems. Researchers estimate that globally, these sponges could release over a trillion microplastic fibers every month, potentially entering the food chain and affecting wildlife.
America's Open for Business
Just over one year into the second Trump presidency, trillions of dollars have poured into American manufacturing, AI infrastructure, energy, and technology. Treasury Secretary Scott Bessent makes the case for how the administration’s bold trade policy, deregulation, and America First economics are redefining the United States as the world’s premier destination for capital.
Prediction markets on track for $1 trillion by 2030, but sports betting stirs legal storm
Bernstein sees prediction market trading volume hitting $1 trillion by 2030, but an ongoing legal fight over sports event contracts could test that outlook.
Insurers Stand to Gain Big Business From Data Centers
That's how much S&P Global Ratings estimates data centers could pay in insurance premiums this year. That number compares to $5 billion a year for the entire aviation sector, the ratings firm said in a report Monday. The firm estimates the total insurable amount of data-center assets at $2 trillion
The Final Frontier Is Becoming Big Business. Here Are 3 Space Stocks to Buy Now.
The space economy is projected to grow to $1.8 trillion over the next decade, and these three stocks could be big winners.
Women’s Brains Are a $1 Trillion Opportunity
Women’s health is a macroeconomic opportunity we have ignored, write Lisa Mosconi and George Vradenburg.
H.R. 1 underscores unfairness in Colorado tax code
By Caroline Nutter On July 4, 2025, Colorado’s budget was overturned with the stroke of a pen. When President Donald Trump signed into law H.R. 1, or the One Big Beautiful Bill Act, he didn’t only cut federal funding by $3.4 trillion, he also cut Colorado’s budget by more than $1 billion. H.R. 1 expanded […]
Live updates: Trump's massive military request faces tough climb, senator says
Get live updates and the latest news as Sen. Tim Kaine casts doubt on Trump's $1.5 trillion military request and Ruben Gallego considers a run for president in 2028.