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Agassi Sports Entertainment Launches Global "Let's Play" Pickleball and Padel Platform Initiative
Company plans to pursue potential acquisitions, strategic partnerships and franchising opportunities, with Germany and Australia expected to serve as initial international markets
Auto & Transport Roundup: Market Talk
Find insight on Continental, Lufthansa , Kia and more in the latest Market Talks covering auto and transport.
Virginia CBD businesses file injunction to stop restrictions on hemp products
“If the state took your property for a new ball yard or a new highway, they’d have to write you a check for the fair market value. And if the state’s not going to play along with us in terms of letting us recoup our investment, then at a minimum they have to write a check for the property they’re taking,” said Chap Petersen, the former state senator representing the plaintiffs
2026 MLB trade deadline winners and losers: Giants, Mets enjoy seller's market, Yankees don't do enough
The 2026 MLB trade deadline is in the books; there were a lot of deals and a handful of winners and losers
Apple Plans iPhone-to-Windows Copy and Paste in EU After Microsoft Request
Apple is working on a new feature that will support cross-device copy and paste between iOS devices and Windows PCs. Microsoft asked for the feature using Apple's EU interoperability request system for developers, which Apple implemented to comply with the Digital Markets Act. Apple began evaluating the request in March, and on June 26, proposed a project plan.
Why tickets for sports events are left out of DC bill combating price gouging
Buying tickets on resale marketplaces, such as Ticketmaster or StubHub, should be cheaper for shows in the D.C. in the near future.
Snap CEO sidesteps Specs pre-order questions on Q2 earnings call
When asked about product-market fit, Spiegel said he believes mass-market consumer adoption won't occur until the end of the decade.
How STAT News reporters investigated UnitedHealth’s health care empire
The eight-part award-winning series, "Health Care's Colossus," shows how UnitedHealth used its leverage to dominate the health care market.
Eagles announce official partnership with online marketplace & sports card grading platform Arena Club
Partnership kicks off with sweepstakes that will award one grand-prize winner with an Eagles gameday experience, a tour of the Jefferson Health Training Complex, and more.
The Ardent Companies bringing six-story entertainment, retail property to market in Nashville
The Ardent Companies is bringing 105 Broadway, a six-story entertainment and retail property in Nashville’s Lower Broadway district, to market for sale and lease. Located… Learn More
At colleges, the AI boom means everyone wants to dabble in computer science
Colleges are expanding AI education beyond computer science as students across majors seek skills to stay competitive in an AI-driven job market.
Debt Digest | Federal Debt is a Health Care Problem
Welcome David Ditch to the Debt Dispatch! We are pleased to announce a new regular contributor: David Ditch will be joining the Cato Institute as a Policy Analyst for Budget and Entitlement Policy later this week. David has more than a decade of experience in fiscal policy issues, with a particular focus on federal spending. He previously worked at the Senate Budget Committee, the Heritage Foundation, and the Economic Policy Innovation Center. David’s areas of expertise include appropriations, transportation, agriculture, federalism, grantmaking, and policy options for deficit reduction. Originally from the Rochester, N.Y. area, David has a BA in Economics and Political Science from the University of Rochester and a MA in Political Management from George Washington University. David currently lives in Arlington, VA. You may have enjoyed his earlier guest posts: CBO: New Highway Bill Has More Spending, Taxes, and Deficits Trump Administration’s Proposed Changes to Federal Grants Highlight Problems of Big Government Here are this week’s reading links and fiscal facts: The federal debt is largely a health care problem. In a new report, the Congressional Budget Office and Joint Committee on Taxation find that “In 2026, federal subsidies for health insurance, net of related payments to the government, are projected to equal $2.4 trillion, or 7.4 percent of gross domestic product (GDP). In CBO and JCT’s projections, those subsidies grow by 65 percent, reaching $3.9 trillion, or 8.4 percent of GDP, in 2036. Subsidies for Medicare contribute most to that overall growth, increasing by $900 billion. Over the entire 2026–2036 period, federal subsidies for health insurance total $33.6 trillion.” Cato’s Michael Cannon emphasizes, “The long-term federal debt problem is a health care problem. […] Only two categories of federal outlays will grow faster than gross domestic product (GDP): health care subsidies and interest payments on the debt. The former is, therefore, the primary driver of the latter.” The bond market fears deficits, not the loss of tariff revenue. Responding to a New York Times essay claiming tariff revenue has grown too important for a future administration to unwind, Cato’s Kyle Handley argues: “Bond investors are not attached to customs duties as a line item revenue source. They care about the government’s overall fiscal position.” He continues, “tariff revenue is a side hustle. And the Trump administration has already promised to dole out the funds through schemes like tariff dividend rebates, farm subsidies, and pay-fors on tax cuts or other spending.” Furthermore, “tariff revenue is simply not large enough to transform the government’s fiscal trajectory.” Take net interest for example: it “reached $970 billion in fiscal year 2025, absorbing 18.5 percent of federal receipts. Customs duties accounted for only 3.7 percent of receipts—and that was before refunds (see Figure 2).” Handley concludes, “The real bond-market concern is a large and growing interest bill, persistent budget deficits, and a political system unwilling to bring spending and revenue into alignment.” Medicare’s spending growth is driven by more volume and utilization. A Congressional Research Service report finds that Medicare spending “grew at an average annual rate of 7.3%” from 1985 through 2025, and the trustees project health care expenditures will keep rising “faster than gross domestic product (GDP) in most future years.” Citing CBO, the report attributes Medicare’s projected 2026–2036 spending growth to “23% from higher enrollment, 31% from inflation, and 47% from the growth of inflation-adjusted spending per beneficiary. In other words**, the largest single driver of Medicare spending growth during the next decade is expected to be higher volume and intensity of health care services.”** Boccia and Thakur explain: “as the economy grows, Medicare spending tends to grow at least as fast—and often faster—because the program automatically pays the bill for more and more healthcare consumption by seniors, even as prices rise.” The Fed has little control over market interest rates. Cato’s Jai Kedia documents that the Fed has held its rate target steady since December, yet “nearly every rate Americans actually borrow at has climbed over the same stretch.” Kedia continues, “The Fed did nothing, and the cost of credit went up anyway. […] Markets spent these months repricing macroeconomic events such as sticky core inflation, a volatile energy market driven by the conflict in the Middle East, and global trade disrupted by tariffs, among others. None of that required a policy change to show up in borrowing costs because markets, not the FOMC, set prices.” He concludes, “Accurately priced borrowing rates will come from credible disinflation and disciplined budgets and from a Fed content to follow the economy rather than pretend it leads it.” Nearly half of US farm income comes from taxpayers. Former Reagan OMB director David Stockman notes that “in the most recently completed full year (FY 2025) farmer incomes in the US totaled $97.8 billion, but fully 42.7% or $41.8 billion of that amount came from taxpayers, not the marketplace. Nor is this some kind of one-year aberration. If we look at the most recent decade as a whole, total farm income posted at nearly $708 billion, but, as indicated, fully $322 billion or 45% of this came compliments of US taxpayers.” Cato’s Chris Edwards explains why so little of that income is market-earned: “Farmers are businesspeople, but the government shields them from just about every type of weather and market risk. Furthermore, just about every part of the agricultural industry is subsidized, including insurance, loans, marketing, research, export sales, and land improvements.” The Debt Dispatch is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
The MLB trade deadline is here, plus Rodgers talks reconciliation
The Pulse Newsletter 📣 | This is The Athletic’s daily sports newsletter. Sign up here to receive The Pulse directly in your inbox. Good morning! It’s great to be back with you. Coming up: ⚾ MLB trade deadline latest ⚽ Soccer mess deepens 🗣️ Rodgers speaks out Just 12 hours separate the time this email landed in your inbox and MLB’s trade deadline at 6 p.m. ET today. It’s easy to wonder if there will be any intrigue at all, with the market’s biggest name already settling into his new Dodger home. Let’s catch up on yesterday’s deals before we get to today:...
School Smartphone Bans Show No Effect on Youth Mental Health
Following a decade of declining youth mental health, many states have attempted to limit children’s access to social media and the internet by banning smartphones in schools. In new research, Henry Saffer finds no evidence that in-school smartphone bans have any effect on the screentime or mental well-being of young Americans.
Live Nation Entertainment, Inc. $LYV Shares Purchased by Quantinno Capital Management LP
Quantinno Capital Management LP raised its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,421 shares of the company's stock
Sei Investments Co. Increases Holdings in Flutter Entertainment PLC $FLUT
Sei Investments Co. raised its holdings in shares of Flutter Entertainment PLC (NYSE:FLUT - Free Report) by 28.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,851 shares of the company's stock after purchasing an
Edgestream Partners L.P. Buys Shares of 84,184 Caesars Entertainment, Inc. $CZR
Edgestream Partners L.P. bought a new stake in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 84,184 shares of the company's sto
Madison Square Garden Entertainment Corp. $MSGE Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lessened its stake in Madison Square Garden Entertainment Corp. (NYSE:MSGE - Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 810,201 shares of the company's sto
Accel Entertainment (ACEL) Q2 Earnings Report Preview: What To Look For
Slot machine and terminal operator Accel Entertainment (NYSE:ACEL) will be reporting results this Tuesday after market close. Here’s what to expect.
Renewables in Europe: TotalEnergies Acquires Shell’s Renewables Business and Sells a 50% Stake in a Portfolio of Developed Assets to KKR
Paris, August 3, 2026 – In line with its Integrated Power strategy in Europe focused on selected deregulated markets, as illustrated by the recent transaction with EPH, and with its business model designed to optimize capital allocation in renewables, TotalEnergies announces the signing of two transactions in Europe: The…
Aperol Can Tap Into Beer Market at Sports and Music Events, Campari CEO Says
EXCLUSIVE: Aperitif maker Davide Campari-Milano believes Aperol Spritz, a cocktail that mixes the crimson bitters with sparkling wine and soda, can replace beer as the go-to drink for some concertgoers and sports fans.
Microsoft Raises Xbox Prices by Up to 43% in Europe and UK
Microsoft is significantly increasing the prices of its Xbox gaming consoles starting August 1st across the United States, Europe, and the United Kingdom. We were aware that the pricing strategy for the United States market involves an increase of up to $150, depending on the SKU. However, it...
3 Tech Brands You Might Not Realize Are Owned By TCL
TCL owns several other tech brands that help expand its marketplace reach beyond TVs and smartphones. Among the most prominent are Palm, iFFALCON, and RayNeo.
New Jersey and New York sue to block Trump admin. changes to health insurance marketplaces
The attorneys general argue that the changes would make it harder for Americans to get insurance and could raise prices for people who already have it.
Samsung Galaxy S27 Ultra: Weird camera designs and higher prices tipped
We’re halfway between the Galaxy S26 launch and the next big Galaxy Unpacked event and the rumors surrounding the Galaxy S27 series expected in January or February 2027 are starting to heat up. For the first time, four Galaxy S27 phones are set to hit the market at the same time, the top-of-the-line Galaxy S27 Ultra might not only get more expensive, it may also feature a weird camera design if you ask the wrong people.
Samsung has a new AI-powered health assistant, joining a packed market
This marks Samsung's foray into an increasingly crowded space. Whoop has an AI coach built into its platform, as does the new Fitbit Air from Google.
He was homeless at 16. Now, he sits on the board of David Beckham’s wellness company and his business is about to hit $1 billion in revenue
Hudson Leogrande, the founder of popular hoodie brand Comfrt, bounced between car sales and chimney telemarketing before hitting his stride as an entrepreneur.
Linux's market share in North America has breached 10% for the first time, says StatCounter
The start of something big, or is something else affecting the numbers?
Dodgers acquire Tarik Skubal from Tigers, per reports
The Dodgers’ quest for the first threepeat in Major League Baseball in a quarter-century saw them shop in the high end during the free agent market. Now they’ve acquired the best player available at the trade deadline, getting two-time Cy Young Award winner Tarik Skubal, per multiple reports. Heading to Detroit are pitcher River Ryan, […]
Los Pueblitos at Market Square closing after 30 years in business
Los Pueblitos, a colorful shop known for handcrafted pottery, jewelry, clothing and gifts from Mexico and other Latin American countries, is closing its doors at Market Square after more than 30 years in business.
Business Lunch Meets Convenience as New Onigiri Shop Opens Downtown
By MIKEY HIRANO CULROSSRAFU STAFF WRITER The queue was out the door and around the corner at CAL Marketplace on July 24, as one of Japan’s mainstay snack foods has a new home in the heart of Downtown L.A. Onigiri Sun, a specialty shop offering a selection of the iconic seaweed-wrapped rice balls as well […]
Caesars Entertainment (CZR) Stock Looks Cheap Even After The Take Private Deal
Caesars Entertainment stock is coming off a difficult five year stretch, with the share price down about 67%, yet recent valuation work suggests the market may now be pricing it too low. At the current US$29.75 share price, both the Discounted Cash Flow (DCF) intrinsic value estimate and the market multiples point to a company that screens as undervalued rather than expensive. The share price has fallen roughly 67% over five years, which puts the recent recovery into context and raises the...
George Santos got busted for manipulating political betting markets—and seems to have little remorse
"Touché bitches lets see who wins!"
Best Entertainment Stocks Worth Watching
Roblox, Verizon Communications, Spotify Technology, Walt Disney, and Electronic Arts are the five Entertainment stocks to watch today, according to MarketBeat's stock screener tool. Entertainment stocks are shares of publicly traded companies involved in producing, distributing, or delivering enter
Hampton Roads Small Business Development Center, Portsmouth Partnership join forces to grow small businesses
Amber Kostka, an owner of The Stockpot restaurant, is joining the effort as a business adviser.
Flutter Entertainment (FLUT) Stock Still Looks Cheap On Its 65% Slump
Flutter Entertainment stock is down 65.1% over the past year. Yet the broader valuation checks still lean toward the shares looking cheap rather than fully priced. With sentiment starting to shift after recent research pointing to easing concerns around prediction markets, the gap between weak past returns and a supportive valuation read is back in focus for investors. Over the last 12 months, Flutter Entertainment has declined 65.1%, which means the market has already priced in a...
FDA weighs a new kind of flu shot based on technology RFK Jr. has questioned
The FDA is poised to render a decision on Moderna's mRNA-based flu shot, which could be the first of its kind to market. The decision is expected to reverberate throughout the biotech industry.
10 Ways To Automate Your Small Business’ Marketing, And Which Tools To Use
Marketing automation can help small businesses do more with less. Learn what to automate, which ai marketing tools to use, and where human input still matters.
Construction's new approach: Protecting margins with risk management
Mid-market construction firms face margin pressure from cost volatility and labor shortages, making proactive risk management key to profitability.
MLB rumors: Bombshell Cubs-Mariners trade floated before deadline
The Cubs' relentless hunt for a starting pitcher on the trade market could lead them straight to a blockbuster deal with the Mariners.
Glenwood Marketplace helps local business owners grow in the community
LEAD Coalition celebrated second anniversary of the Glenwood Marketplace.
Sphere Entertainment Q2 Earnings Call Highlights
Sphere Entertainment (NYSE:SPHR) reported second-quarter revenue of $313.6 million and adjusted operating income of $50.9 million, while executives highlighted progress on venue expansion, original content development and advertising partnerships. Executive Chairman and Chief Executive Officer Jim
UNCW Business School Students Travel to Prague for Real-Life Consulting Experience by Robert Burrus
This article was contributed by Kestrel Smoot, International Programs Coordinator for UNCW’s Cameron School of Business. During the most recent spring semester, 33 upper-level finance and marketing students from the UNCW’s Cameron School of Business traveled to Prague, Czechia, to participate in an intensive international consulting project. Unlike traditional study-abroad programs, the Prague consultancy project focuses on real client engagement. Each year’s project is entirely new, designed through collaboration between faculty and industry partners to identify a current business challenge that students will address. This year, students worked with MAMS-Champi, a Czech non-alcoholic beverage company that is seeking to expand into other global markets. Throughout the first half of the semester, students attend class at UNCW and prepare for their time abroad by conducting preliminary research, developing analytical frameworks, and organizing themselves into specialized teams responsible for tasks such as marketing strategy, industry analysis, consumer segmentation, and competitive evaluation. The course emphasizes independence and teamwork, requiring students to take ownership of their work, manage deadlines, and collaborate across functional groups. Additionally, faculty serve as advisors, allowing students to navigate the complexities of the project much as they would in a professional consulting environment. Once in Prague, students met with company leadership, toured facilities, and refined their recommendations based on real-time feedback. The in-person component is widely regarded as the most transformative aspect of the program because students must synthesize weeks of work into a cohesive presentation and deliver it to the client, demonstrating professionalism, strategic thinking, and adaptability. Beyond the consulting work, students participated in cultural and educational activities that broadened their understanding of global business environments. They explored Prague’s historic districts, learned about Czech culture, and engaged with local professionals. These experiences helped students understand how economic, regulatory, and social factors shape market opportunities. The Prague consultancy project stands as a defining example of the Cameron School of Business’s commitment to experiential learning, consistently strengthening students’ confidence, enhancing their resumes, and serving as a focal point in job interviews. Employers recognize the value of the hands-on experience and transferable skills students gain, underscoring the program’s role in preparing industry-ready graduates for today’s fast-moving business landscape.
How the Jalen Carter extension impacts the Seahawks
Philadelphia reset the iDL market this week, which could impact negotiations with Byron Murphy and Leonard Williams for the Seahawks.
Amazon Just Revealed a Huge Shift in Advertising. Every Business Should Pay Attention
Everyone focused on the cloud. The real marketing story is the ad business, and it signals where your budget is headed.
India’s SEBI imposes 14.8 million rupees penalty on Zee Entertainment
July 31 (Reuters) - India's markets regulator on Friday imposed penalties totalling 14.8 million Indian rupees ($155,168.80) on Zee Entertainment Enterprises (ZEEL), Chief Executive Punit Goenka and Founder-Chairman Emeritus Subhash Chandra for secur...
India’s SEBI imposes 14.8 million rupees penalty on Zee Entertainment
July 31 (Reuters) - India's markets regulator on Friday imposed penalties totalling 14.8 million Indian rupees ($155,168.80) on Zee Entertainment Enterprises (ZEEL), Chief Executive Punit Goenka and Founder-Chairman Emeritus Subhash Chandra for secur...
Analysts see Coinbase miss driven by crypto market weakness, not business fundamentals
Coinbase shares tumbled to end the week as investors weighed a disappointing quarterly loss for the company, as it fought another tough market environment.
Mark Cuban’s Las Vegas A’s investment is his ‘Sports 2.0’ Dallas Mavericks playbook all over again
“The new model of baseball—or basketball, football—is teams becoming media companies and transcending a local marketplace," Rashaun Williams told Fortune.
India's SEBI imposes penalty of 14.8 million rupees on Zee Entertainment
India's markets regulator Securities and Exchange Board of India (SEBI) said on Friday it imposed a penalty of 14.8 million rupees ($155,168.80) on Zee Entertainment and its chief executive and chairman emeritus.
The market’s big AI doubts are exposing the riskiest players
The meteoric rise and stunning near-collapse this week of a US hedge fund has sent shockwaves across global markets, becoming a kind of cautionary tale for the AI era.
Live Nation Entertainment Q2 Earnings Call Highlights
Live Nation Entertainment (NYSE:LYV) executives said demand for live music remained strong across markets and venue types during the company’s second-quarter 2026 earnings call, with management raising its expectations for full-year fan growth, revenue, adjusted operating income and margin expansion
Cowboys’ Quinnen Williams Could Create Seahawks Contract Problem
As market-resetting deals for Jalen Carter and Quinnen Williams loom, Seattle faces a financial tightrope to retain Leonard Williams and anchor their championship-caliber "Dark Side" defense.
DirecTV Will Carry NFL Sunday Ticket for Bars, After All
DirecTV and EverPass announced a multiyear agreement Friday, allowing for bar owners to continue showing NFL Sunday Ticket via satellite or streaming, after months of discussion about the league’s out-of-market package for commercial establishments. The agreement goes beyond Sunday Ticket, making DirecTV the go-to sales, marketing and distribution partner for all of EverPass’ content, including …
New set of leaked Pixel 11 marketing images reveals Google's real selling point
The hardware barely changed, so we have to look at what's on the screens instead.
Megamanagers are winning share in a shifting OCIO market. Here’s how they rank.
Leaders of OCIO businesses at asset managers say that a changing client base, as well as the benefits of their own scale, have been key contributors to their growth.
New York sues Kalshi, alleging platform is illegal gambling operation
James said prediction markets like Kalshi are gambling platforms that put New Yorkers at risk.
College Jersey Patch Market Finds Its Benchmark
"The market has now been set," one exec told FOS.
New York Will Regret Going Into the Grocery Business
The market, as I have noted before, is a small miracle. All these people come together — sellers, buyers, go-betweens — with different preferences, needs and resources, and they manage to come up with a price. The market clears, and everyone is better off.
SWFL medical device firm, after raising $50M, aims for profitability
Catalyst OrthoScience, in the ongoing effort to turn a profit, leans on market timing and tweaking its products based on surgeons' feedback.
BP to sell North Sea business; AI companies lead record surge on Korea’s stock market
Live, rolling coverage as British oil company looks for buyer amid political dispute over future drilling licences
BP launches sale process for North Sea business as CEO pushes overhaul
BP on Friday launched a formal process to market its North Sea business for a potential sale, as new Chief Executive Officer Meg O'Neill accelerates a sweeping portfolio overhaul aimed at cutting debt and simplifying the oil company.
BP Starts Process for Potential Sale of Its North Sea Business
BP Plc said it’s starting a process to market its North Sea business for a potential sale, as part of a wider review of the oil major’s portfolio.
Big Y celebrates 90 years of business in western Mass.
Big Y Supermarkets marked its 90th anniversary on Thursday with a ceremony
Sphere Entertainment (SPHR) Stock Looks Reasonable On Cash Flow But Stretched On Earnings
Sphere Entertainment stock has delivered a very strong 360.9% return over the last 5 years, while the latest valuation checks are more cautious, with the Discounted Cash Flow (DCF) estimate pointing to upside and market multiples suggesting the shares are already pricing in a lot of good news. Recent swings in the share price add to the debate about whether the current US$148.32 level offers enough margin of safety. Over 5 years, Sphere Entertainment has returned 360.9%, which puts today’s...
Samsung is also working on a pair of Galaxy Buds with an ear hook design
Looks like the Korean company is ready to enter two new earbud market segments all of a sudden. Yesterday we showed you what the Samsung Galaxy Buds On...
Tesla weighs sale of China business to pave way for potential SpaceX merger, WSJ reports
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Sphere Entertainment (SPHR) Could Be 16% Undervalued Following Its Earnings Report
Sphere Entertainment (SPHR) moved into focus after its latest quarterly report. The company posted a Q2 net loss alongside higher sales, and the stock reacted positively as results topped market expectations. See our latest analysis for Sphere Entertainment. Sphere Entertainment's latest results came after a strong run, with a year to date share price return of 57.29% and a 1 year total shareholder return of 244.53%. This hints at building momentum despite a 30 day share price pullback of...
Part 1: The Labor Department’s Proposed 401(k) Rule Protects Private Equity, Not Retirees
The Labor Department wants to open 401(k)s to private capital funds, leaving retirees to buy into a complex and opaque market ill-suited to the retail investor.
Immigrant Business Owners Preparing to Sue NYC Mayor Zohran Mamdani Over Supermarket Plan
New York City Mayor Zohran Mamdani‘s plan to open taxpayer-funded supermarkets is angering some immigrant business owners. The New York Post reported on Tuesday, July 28, that the Multicultural Busine...
In the unbridled online marketplace for peptides, one vendor is sentenced to nearly 6 years in prison
Apple’s Sales Disappoint in China Unit, Services Business
Apple Inc. sales grew slower than analysts anticipated last quarter in China and its services business, sparking concerns about two key markets.
Microsoft’s stock has biggest one-day gain since 2008, adding $480 billion in market value as cloud business booms
Azure crossed $100 billion in revenue for the first time and a new disclosure about OpenAI offered some respite.
Sphere Entertainment’s (NYSE:SPHR) Q2 CY2026 Sales Beat Estimates, Stock Soars
Content production and distribution company Sphere Entertainment (NYSE:SPHR) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sales up 11% year on year to $313.6 million. Its non-GAAP loss of $0.62 per share was 55.6% above analysts’ consensus estimates.
Sphere Entertainment’s (NYSE:SPHR) Q2 CY2026 Sales Beat Estimates, Stock Soars
Content production and distribution company Sphere Entertainment (NYSE:SPHR) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sal...
Leopold Aschenbrenner and the Wall Street lesson every genius learns
Leopold Aschenbrenner's hedge fund collapse shows how even brilliant investors can get crushed when markets turn.
Samsung Browser gets a new capability on Galaxy Watches
Samsung makes some of the most feature-rich smartwatches on the market and continues to add capabilities to its One UI Watch apps. The company has now added a u
UK's IG Group agrees to buy sports gaming firm Underdog for up to $1.3 billion
Britain's IG Group said on Thursday it has agreed to acquire U.S. daily fantasy sports and prediction markets operator Underdog for up to $1.3 billion, in a deal that would strengthen its position in the fast-growing U.S. retail trading market.
Why Some Family Health Insurance Is Now Pricier
LDI/CHOP experts estimated the potential effect of the expiration of enhanced ACA Marketplace subsidies on family premiums across income levels.
This Week in Jacksonville - Business Edition: Experts urge tighter HOA oversight after $11 million fraud
Kent Justice tackles a question a lot of HOA homeowners are asking after the “Hammocks” case in South Florida: could HOA fraud happen here — and would anyone catch it in time? Kent’s guest is Marc Rodriguez, EVP of Market Operations at RealManage, who breaks down how financial oversight can fail inside volunteer-run boards, what practical controls can stop fraud before it starts, and how technology can add real transparency for both board members and homeowners.
How to Land Press Coverage for Your Business? Here Are Six Tips · Babson Thought & Action
Jake Ross ’24 of Build You Marketing offers his expertise on how companies can build relationships and attract their own press coverage.
US economy’s growth was weaker than expected in the second quarter
The world’s largest economy unexpectedly lost steam heading into the summer as the destabilizing conflict in the Middle East upended energy markets.
Robinhood shares edge lower after record quarter for prediction markets business
Predictions markets is now the fintech's second largest trading business.
Robinhood shares edge higher after record quarter for prediction markets business
Predictions markets is now the fintech's second largest trading business.
Carlyle's new middle-market defense and government unit makes first buy
Carlyle Group acquires Utah encryption maker Secturion Systems and names Sean Berg as CEO.
The new "science golden age" looks suspiciously like a grift
This edition of PN is made possible by paid subscribers. Become one ⬇️ 🚀 Subscribe to PN 🚀 The Trump regime is trying to usher in a “Golden Age in Science” where scientific research is run like a Trump family business, artificial intelligence is all that matters, profit is everything, and expertise is for chumps. Or at least that’s the vision emerging from a new 123-page “Report to the President” from Michael Kratsios, the Director of the White House Office of Science and Technology Policy. In a normal administration, you could probably skip over learning about a science policy document — but this is no normal administration, and this is no normal science policy document. Instead, it’s Trump’s attempt to end the actual golden age of science that was kicked off in 1945 with the publication of '“The Endless Frontier” by Vannevar Bush. [ ](https://www.publicnotice.co/p/harmeet-dhillon-portland) [ Harmeet Dhillon demonstrates danger of posting through it ](https://www.publicnotice.co/p/harmeet-dhillon-portland) Liz Dye · Jul 29 [ Read full story ](https://www.publicnotice.co/p/harmeet-dhillon-portland) Bush, at President Franklin Delano Roosevelt’s request, laid out a vision of federal support for science that centered on funding universities to do basic research, saying that as long as those institutions were “vigorous and healthy and their scientists are free to pursue the truth wherever it may lead, there will be a flow of new scientific knowledge to those who can apply it to practical problems in Government, in industry, or elsewhere.” Kratsios’s report is supposed to be the successor to Bush’s, and even apes the format, but this isn’t really a document about science policy. It’s one about ending science research as we know it in favor of shoveling cash at big tech companies. While it might be temping to wave this away as an aspirational policy document, Trump has already begun to shift billions in research funds to AI projects and has taken a hatchet to science funding across the board. He’s teed up the shift Kratsios proposes here, and since neither Congress nor the Supreme Court seem inclined to stop him from doing whatever he wants with taxpayer money, it isn’t doomering or hyperbole to say we are staring down the barrel of a world where the only “science” the government intends to support is for-profit tech and defense advancements. Science for dummies Part of how you can tell this isn’t a document about science is that you are immediately faced with an absolute wall of business-speak of the worst sort. Did you know we must “tightly couple our science and technology enterprises to ensure that groundbreaking ideas invented in the United States are rapidly prototyped, tested, manufactured, and scaled domestically”? You do now! That tone isn’t surprising, because Kratsios has no background in science or research. He has a bachelor’s in political science and spent most of his career working for Peter Thiel at Thiel Capital. After a stint in the first Trump administration as Chief Technology Officer, where he also did not do any science, Kratsios was tasked in 2020 with overseeing the Pentagon’s research budget for a brief time, a position that, as the Wall Street Journal put it, “carries a great deal of power in terms of dictating investment allocations.” He spent the Biden years at Scale AI as “head of strategy,” which you will also note is neither a science nor a research job. But Scale AI has contracts with the Department of Defense and, as the Washington Post wrote in 2023, “has been aggressively pitching itself as the company that will help the US military in its existential battle with China.” And now you have the necessary background for our new golden age, which is going to be a golden age of taking money away from scientists and universities and giving it to companies like Scale AI. A note from Aaron: Working with brilliant contributors like Lisa takes resources. If you aren’t already a paid subscriber, please become one to support our work. 👇 Subscribe In a genuinely galling move, Katsios spends a lot of time slamming universities because of “administrative burdens on researchers” and the “well-documented inefficiencies” in academia, the message being that those damn universities waste the time of amazing researchers with paperwork. Except it’s the administration that is attempting to impose inefficient, unnecessary burdens on those researchers with a proposed Office of Management and Budget rule that would require senior political appointees to approve every science grant and ensure it aligns with Trump’s personal priorities. Researchers would also have to seek prior government approval to attend conferences or publicize their research. And political appointees could terminate any grant at any time if they feel like it. [ ](https://www.publicnotice.co/p/omb-rule-science-funding) [ The murder of expertise ](https://www.publicnotice.co/p/omb-rule-science-funding) Lisa Needham · Jun 11 [ Read full story ](https://www.publicnotice.co/p/omb-rule-science-funding) But when it comes to AI, we’re going to “restore permissionless innovation.” The report proposes to give lucky ducky innovators a pile of cash up front for grants lasting five years or longer, saying “awards should be fully-funded in year one, with all resources earmarked upfront, to minimize administrative burdens and reduce pressure for researchers to generate intermediate results to secure continued funding.” Yeah, wouldn’t want to have to make the Very Special Tech Bros show results or get money parceled out year by year like the plebes at universities. The report also proposes that we should have “fast grants” with “simplified applications requiring just a few pages of writing” because that is definitely how science works, just writing a bit off the dome and getting some cash. [ ](https://www.publicnotice.co/p/trump-ai-action-plan-altman-llms) [ Tech elites are turning AI into ChatGPTrump ](https://www.publicnotice.co/p/trump-ai-action-plan-altman-llms) Paul Waldman · July 29, 2025 [ Read full story ](https://www.publicnotice.co/p/trump-ai-action-plan-altman-llms) Oh, and we should have prizes and challenges, where multiple teams compete. The proposed prizes include incentives like “advance procurement commitments,” which means the federal government agrees to buy whatever is being developed. There’s also “regulatory fast-tracking,” making sure all those great AI thingies don’t have to wait too long to be unleashed on a market. These aren’t incentives to do science. These are incentives to develop things with tax dollars that you can then sell to the government for more tax dollars. In the suggestion that might be the most unhinged, the most very opposite of how both government and research work, our new age will include “golden tickets.” That’s where an individual reviewer in an agency — yes, just one person — can “recommend unconventional proposals that may not pass consensus-driven review panels” because somehow this will “surface valuable ideas too divisive for committees and attract higher quality reviewers by empowering them to exercise independent scientific judgment.” Yes, that’s saying that a random person in an agency should be able to shovel money at some idea even if it can’t pass a review panel, and that the opportunity to do so will attract better employees because apparently all the best minds in science are chomping at the bit to be allowed to unilaterally fund AI research based on their personal vibes. But that isn’t at all how actual science works, and actual scientists aren’t unhappy about review panels. They work collaboratively, not siloed in some secret race to create the next AI chatbot. A 2020 study by the National Bureau of Economic Research examined whether peer review panels succeed in helping agencies predict which research ideas will best advance science. Peer review was better at finding “diamond in the rough” applicants than a single government program official. How about that. Trump always wants a taste It’s painfully clear that what Katsios is trying to do here is turn the whole of government science research and funding into the sort of “move fast and break things” paradigm that is the hallmark of big tech. That method works to line the pockets of tech executives, but it isn’t science. There’s a reason the government funds different kinds of research than private tech companies do. What Katsios either fails to understand or deliberately ignores is that the federal government is the main funder of basic research precisely because it can take a long time for it to bear fruit and is not intended to be profitable as such. “Basic” here does not mean rudimentary or simple, but rather research that is designed to advance scientific knowledge instead of achieving a specific outcome or product. Big tech companies don’t widely fund that sort of research, because it doesn’t make them money. Industry dollars account for only about 20 percent of basic research funding, while the government contributes around 60 percent. Big tech companies and startups do, however, rely on and benefit from that basic research. A 2019 study found that 35 percent of all patents obtained by venture-backed startups from 1976 to 2016 cited federally supported research. Basic research funded by the NIH contributed to every single drug the FDA approved from 2010 to 2016. [ ](https://www.publicnotice.co/p/trump-saudi-nuclear-deal) [ The Saudi nuclear farce and governance by whim and meme ](https://www.publicnotice.co/p/trump-saudi-nuclear-deal) Noah Berlatsky · Jul 27 [ Read full story ](https://www.publicnotice.co/p/trump-saudi-nuclear-deal) Unlike inventing the next ChatGPT, actual science is slow and iterative. Government funding of research that, on its face, would not appear to lead to any big new invention is actually what underpins those big new inventions. If the government hadn’t funded research into desert lizard venom, we wouldn’t know about semaglutide, and we wouldn’t have Ozempic. If research scientists hadn’t studied how bees optimize nectar foraging within a colony, we wouldn’t have the algorithm that assigns internet traffic across computer servers. The report assiduously ignores that a symbiotic, profitable relationship between the federal government, universities, and private companies already exists. Each federal research dollar generates about $1.50 to $3.00 in long-term economic benefits. The $36 billion the government awarded in NIH research funding in fiscal year 2025 generated $94 billion in new economic activity. Trump’s proposed new golden age is intended to strip those billions from universities, resulting in the dismantling of departments and the shuttering of labs. But Katsios has a plan for that: Universities should just become trade schools to churn out no-show STEM degrees! “Require universities and community colleges to embed practical technical training and externships into STEM curricula. Let hands-on experience and industry credentials count toward degrees.” It’s quite the feat to, on the one hand, strip schools of funding for scientific research while simultaneously demanding to control what is taught and, oh, also, colleges need to give degrees to employees at big tech companies just for being employees at big tech companies. The new golden age would also exacerbate the brain drain Trump’s policies have already caused. Nature found that in the first quarter of 2025, US scientists submitted 32 percent more job applications abroad than in 2024. A March 2025 poll by Nature of roughly 1,600 scientists found that over 1,200 said they were considering leaving the country. Europe is investing $565 million to make it a “magnet for researchers” and provide funding for scientists who relocate. The new golden age is also about embedding Trump’s xenophobia into the fabric of American science. The report complains of an “over-reliance on foreign students” that “creates a security challenge our institutions are ill-equipped to address” and that a “reliance on foreign talent sidelines American students.” This is, to put it mildly, nonsense. International students pay far higher tuition and often receive no financial aid. Their tuition dollars are what make it possible for American students to get financial aid. In the 2023-2024 school year alone, international students contributed $43.8 billion to the US economy and supported over 378,000 jobs. Those 1.1 million international students accounted for only six percent of the total number of students in higher education that year, but were such an economic engine that for every three international students, one job was created or supported. It’s impossible not to wonder whether part of Trump’s loathing for universities and their leading role in scientific research is that there is no way for him to corrupt the process and make money off it in the same way he can by giving millions and billions to Silicon Valley types who, in turn, give him millions in cash. There’s no way for his children to invest in universities that the government then gives no-bid contracts to, fattening the family’s bottom line, which is pretty much the Trump sons’ current venture capital practice. Trump and Katsios’s view of science is narrow, cramped, and wrong. We’re not in a crisis, we’re not a failed state. We’ve been a science superpower for decades, and the only thing that threatens that is Donald Trump. Tech bros are already living high off the hog in this administration. They don’t need any more of our tax dollars. Hopefully this new golden age never comes to pass. Thanks for reading Public Notice. This post is public so feel free to share it. Share We’ll be back with more tomorrow. If you appreciate today’s PN, please do your part to keep us free by signing up for a paid subscription. 🚀 Subscribe to PN 🚀 Thanks for reading, and for your support.
The US ‘golden age’ science strategy: what Europeans need to know
The US has unveiled what officials claim is the most radical overhaul of the public R&D system in a generation, which if implemented could have significant implications for transatlantic research collaboration. Science: A New Golden Age derides universities as “legacy institutions” and instead wants to prioritise funding on technological challenges, new research labs and funding that follows individual scientists, rather than being linked to their institutions. “Too much of our research enterprise has come to serve itself rather than the scientists within it,” writes Michael Kratsios, director of the White House’s Office of Science and Technology Policy (OSTP), the only named author of the report. “Federal funding agencies should support a broader range of performers.” But some critics argue that the strategy is a smokescreen, using genuine problems in academia as an excuse to further weaken US universities, which US vice-president JD Vance has labelled “the enemy..”Even as it talks of a “golden age” for science, the White House has proposed halving the 2027 budget of the US National Science Foundation (NSF), and has put forward double-digit cuts for other funding bodies, such as the National Institutes for Health. It asked for similarly steep savings in 2026, but Congress stopped them going through. Science: A New Golden Age says success will be measured by the extent to which scientists are “free” to pursue the most “vital questions,,” painting academia as currently hidebound by bureaucracy, sluggishness and consensual conservatism. And yet the Trump administration is simultaneously planning new rules that will hand political appointees unprecedented powers to screen and cancel grants. The report has pretentions to be the successor to Science: The Endless Frontier, the seminal 1945 document in which presidential science advisor Vannevar Bush set out the case for post-war government funding of basic research, helping to spur the creation of funders such as the NSF. Even the title page font is the same. But it remains unclear if the latest report will leave anything like as lasting a legacy.Here, Science|Business explains some of the biggest proposed changes in Science: A New Golden Age, and how Europeans think it might change the landscape of their biggest science partner.Universities under fireA key target of the report are US universities, which it repeatedly suggests are outmoded as research institutions. It criticises the NSF for channelling resources “overwhelmingly to a single type of performer, the university-based, principal investigator-led research group..” Universities “extract” money from researchers’ grants to support “growing administrative bloat,” alongside legitimate uses. The Trump administration has been trying to cut the overhead costs in federal research grants that flow to universities. Instead, new institutions are being built. In May, the NSF announced it would spend $1.5 billion on two new so-called X-Labs, focused on scientific instrumentation and quantum systems. The idea is that they fill a niche in the landscape, tackling problems that are too big for a university lab, but too early stage for private start-up funding. Parallel with Europe?This shift to new research organisations parallels moves in Europe to set up new innovation agencies, such as Germany’s Sprind, the UK’s Advanced Research and Invention Agency, and the EU’s European Innovation Council. The Dutch and French governments are looking to set up their own entities too. There’s now an emerging consensus, evident in a number of new strategies, that public R&D needs to be shaken up, Charles McIvor, an economist at the OECD, has written in response to Kratsios’s plans. “What stands out for me across these strategies [in the US, Germany, South Korea and Japan] is that governments are realising that the old ways of delivering STI [science, technology and innovation] programming no longer works,” he said in a LinkedIn post. Metascience wins?The document is, at least on the face of it, also a big win for some policy thinkers in the US who want far more experimentation with new forms of research grant and institution.It name-checks a litany of new public R&D ideas, from focused research organisations and advance market commitments to “golden tickets,” which allow grant reviewers the power to hand applicants money without requiring the consensus of other review panellists.Related articlesEuropean researchers sound the alarm that Trump rule changes will hit cooperationFocused research organisations: what are they, and how do you set them up? NIH turmoil risks reciprocal EU-US access to health research funding In addition, every federal research funding agency should set up a metascience unit, the strategy says, “with authority to run controlled experiments on review and funding mechanisms.” The UK has already set one up, the strategy points out. This mirrors recommendations to the European Commission. In 2024, a report led by former Portuguese science minister Manuel Heitor also advised the EU to set up an “experimental unit” to test out new methods of funding research. So far, however, Brussels hasn’t put forward any plans to do so. Bypass universitiesBut there’s a worry that the Trump administration is using the metascience movement to justify an overhaul of public R&D that punishes universities, which it sees as centres of political resistance. Last year, it threatened to cut Harvard University’s federal funding unless it hired and admitted a “critical mass” of new faculty and students to create “viewpoint diversity” across campus. It’s also attempted to strip academics of funding for working on politically forbidden areas, like LGBTIQ people’s health.The new strategy appears to be a “move to bypass the power of universities full stop and allow funders and political bureaucracies to handpick the projects and people who will execute them,” said Jean-Claude Burgelman, a former senior official in the Commission’s research directorate, on LinkedIn.The EU’s science counsellor in Washington, Florent Bernard, wrote that the plans risk diverting public research funding so that it “solely serves private interests.” “Who, if not independent universities, will do research that demonstrates the impact of tobacco on lung cancer or the role of human activities in our current climate crisis?” he wrote.Should we take it seriously?“I would view the overall document as a bad faith argument,” said Cole Donovan, director of science policy at the campaigning group Stand Up for Science, and a former OSTP official. “I don’t see the project itself as something that can be isolated from the broader attack on the system.” He thinks the argument that academia has become dysfunctional and in need of radical reform is being deployed as part of a “PR argument” to legitimate moves against US scientists. The strategy presents ideas like metascience units as new, whereas there were moves to set them up at the NSF during the previous administration of Joe Biden, Donovan said. The other caveat here is that the OSTP has limited power to carry out any of these recommendations. While Kratsios has issued a memo to research agencies telling them to implement the recommendations in the report, he doesn’t have direct budgetary control. “As a former OSTPer myself, this does not seem like a document that is realistic,” said Donovan.
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