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As losses from scams surge, Congress asks telecoms to do more to prevent them
A powerful congressional committee is urging major telecommunications companies to do more to protect Americans against scams, part of a widening investigation into the role that U.S. companies play in the surge in cyberscams that cost Americans an estimated $200 billion in 2024.
Houston ISD plans to raise employees’ costs for health insurance
A draft of HISD’s budget proposal for next year reveals the district plans to increase salaries, but mostly to offset the rise in health insurance costs.
Meta settles first U.S. case over school costs tied to youth mental health, court filing shows
The agreement fully resolves a lawsuit brought by a Kentucky school district following earlier settlements by co-defendants YouTube, Snap and TikTok.
Meta settles first US case over school costs tied to youth mental health, court filing shows
May 21 (Reuters) - Meta Platforms on Thursday reached a settlement in the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred
Meta settles first US case over school costs tied to youth mental health, court filing shows
Meta Platforms on Thursday reached a settlement in the first case set for trial in litigation seeking to make social media companies cover the costs school districts across the country say they have incurred to combat a youth mental health crisis allegedly fueled by their platforms.
Livonia-Westland Business Leaders Meet with MHA on Affordability
The MHA partnered with the Livonia-Westland Chamber of Commerce on May 14 to host an event at its Livonia offices to engage with business leaders about healthcare costs, listen to their needs and collaborate on potential solutions.
I moved to Denver, made friends; but they left due to cost of living
Denver had everything I wanted, including a strong group of friends. Now that prices are going up, many of those friends are moving away.
Flipper unveils a Linux-powered networking gadget built for hackers and tinkerers
Flipper Devices said that the new gadget is in development and the base model will cost under $350
Kroger plans biggest price cuts in years to take on Walmart, Costco
Kroger Co.'s new CEO is looking at big price cuts in order to win back market share and take on his former employer, Walmart Inc., and other competitors.
‘We’ve Never Been This Bad.’ Eastern Pennsylvania Weighs Its Rising Costs
With two swing districts, the region from Scranton to Allentown could decide control of the House, and voters are expressing profound economic distress.
Marvel Rivals May 21 Patch Notes: New Savage Adventure Event, Skins, and More
A minor content update is on the way for Marvel Rivals this week. Check out the Marvel Rivals patch notes for May 21 update here.
Who Gets to Shape Healthcare?
Howie and Harlan discuss how AI is transforming medical research and publishing, the growing role of consumer health platforms and wearables, new advances in stroke treatment, and the debate over rising hospital costs. They also examine the FDA’s approval of flavored vaping products and the nomination of a new surgeon general.
Space debris is forcing satellites to dodge more often — costing us vital science. 'Things will get worse before they get better'
"Each time a satellite has to maneuver to avoid a potential collision, it uses fuel which is a finite and precious resource."
Trump Gets His Payback, but It Comes at a Cost in Congress
Republican senators are angry the president is working to unseat their colleagues. But he is also creating more free agents in his own party in Congress willing to defy him.
House Passes Housing Bill, Uniting on a Measure to Bring Down Costs
The legislation, which had been stalled amid Republican divisions, passed overwhelmingly, signaling an eagerness in both parties to address affordability in an election year.
US Health Secretary Kennedy fires heads of key preventive health panel
US Health Secretary Robert F. Kennedy Jr. earlier this month fired the chair and vice chair of the influential task force that decides which preventive medical care is provided at no cost to patients.
US Health Secretary Kennedy Fires Heads of Key Preventive Health Panel
NEW YORK, May 20 (Reuters) - US Health Secretary Robert F. Kennedy Jr. earlier this month fired the chair and vice chair of the influential task force that decides which preventive medical care is provided at no cost to patients. The Preventive Services Task Force, which typically has 16 ...
Xbox expands leadership team with major hires
Xbox has added two big names to its leadership team: Matthew Ball and Scott Van Vliet. The new recruits are part of an on-going drive from Xbox CEO Asha Sharma to move faster, build better products, and make more focused business decisions. The Game Business can reveal that Ball is joining as Chief Strategy Officer. He is a popular industry analyst who is responsible for the annual The State of Video Gaming report, which is widely read across the business. His first job will be to strengthen the console side of Xbox, which is facing significant pressures, not least from the rising costs of memory and storage. In an interview with The Game Business earlier in the year, he admitted he was “pretty frightened” by the situation for the console sector. Ball had previously worked as head of strategy and planning for Amazon Studios, and wrote the 2022 international best-seller The Metaverse. He is currently CEO of Epyllion, a venture partner at investment group Makers Fund and senior advisor at KKR & Co. Meanwhile, Scott Van Vliet joins as Chief Technology Officer. He was previously in charge of Azure OpenAI and AI Core infrastructure at Microsoft, and he also led engineering for Microsoft Teams during the COVID 19 pandemic. But he has a games background. He previously worked across games for Amazon, including Alexa, Amazon Game Studios and the Amazon App Store. He directly worked on the Minecraft: Fire TV Edition. Prior to that, he was VP of Digital Play at Mattel, and worked across brands such as Batman, Barbie, Angry Birds, Fruit Ninja and Cut The Rope. His job will be to improve how Xbox builds products so teams can move faster and deliver stronger results. For more breaking stories, sign-up to The Game Business today Subscribe In addition to these new hires, Xbox has promoted Chris Schnakenberg to Corporate Vice President, Partnerships & Business Development. He was previously VP of partnerships and business development, and joined from Activision Blizzard, where he spent 12 years in various strategy, business development and partner relations role. His focus is on third-party games, publishers and developers working with Xbox. The news follows a number of new hires and promotions earlier in the month, including Jason Ronald taking leadership over Xbox’s upcoming Project Helix console. “These changes are about strengthening our foundation by creating more clarity and improving execution,” Sharma said in an email to staff. “As we head toward Showcase and beyond, we’ll continue making the changes needed to position XBOX for the future.” Matthew Ball is speaking with Christopher Dring at The Game Business Live on Monday, June 8. More details on the event can be found here.
Xbox expands leadership team with major hires
Xbox has added two big names to its leadership team: Matthew Ball and Scott Van Vliet. The new recruits are part of an on-going drive from Xbox CEO Asha Sharma to move faster, build better products, and make more focused business decisions. The Game Business can reveal that Ball is joining as Chief Strategy Officer. He is a popular industry analyst who is responsible for the annual The State of Video Gaming report, which is widely read across the business. His first job will be to strengthen the console side of Xbox, which is facing significant pressures, not least from the rising costs of memory and storage. In an interview with The Game Business earlier in the year, he admitted he was “pretty frightened” by the situation for the console sector. Ball had previously worked as head of strategy and planning for Amazon Studios, and wrote the 2022 international best-seller The Metaverse. He is currently CEO of Epyllion, a venture partner at investment group Makers Fund and senior advisor at KKR & Co. Meanwhile, Scott Van Vliet joins as Chief Technology Officer. He was previously in charge of Azure OpenAI and AI Core infrastructure at Microsoft, and he also led engineering for Microsoft Teams during the COVID 19 pandemic. But he has a games background. He previously worked across games for Amazon, including Alexa, Amazon Game Studios and the Amazon App Store. He directly worked on the Minecraft: Fire TV Edition. Prior to that, he was VP of Digital Play at Mattel, and worked across brands such as Batman, Barbie, Angry Birds, Fruit Ninja and Cut The Rope. His job will be to improve how Xbox builds products so teams can move faster and deliver stronger results. For more breaking stories, sign-up to The Game Business today Subscribe In addition to these new hires, Xbox has promoted Chris Schnakenberg to Corporate Vice President, Partnerships & Business Development. He was previously VP of partnerships and business development, and joined from Activision Blizzard, where he spent 12 years in various strategy, business development and partner relations role. His focus is on third-party games, publishers and developers working with Xbox. The news follows a number of new hires and promotions earlier in the month, including Jason Ronald taking leadership over Xbox’s upcoming Project Helix console. “These changes are about strengthening our foundation by creating more clarity and improving execution,” Sharma said in an email to staff. “As we head toward Showcase and beyond, we’ll continue making the changes needed to position XBOX for the future.” Matthew Ball is speaking with Christopher Dring at The Game Business Live on Monday, June 8. More details on the event can be found here.
Jeff Bezos Defends Melania Movie, Says It Was Good Business
The Amazon founder reiterated that he had nothing to do with the documentary film, but said that its performance justified the cost. He also defended the radical changes made at The Washington Post.
This week in Santa Cruz County business: Tourism officials focusing on regional visitors amid rising fuel costs; Diversity Center unionizes
Jessica M. Pasko takes the pulse of Santa Cruz County tourism ahead of the crucial summer visitor season, notes another local unionization effort and relays names, dates and numbers to know from the county business scene.
T-Mobile for Business Offers Internet Solutions Focused on Lower Costs and Faster Growth for SMBs, No Need to Overpay for Wireless Service
Save more and scale faster with T-Mobile for Business, backed by the Best Mobile Network in the US.
How Kentucky Rep. Thomas Massie, toppled by Trump, charted his own way
There aren’t many lawmakers like Thomas Massie left in Congress. READ MORE: Massie's loss leaves no doubt about Trump's power over the GOP. 6 takeaways from Tuesday's primaries The renegade Republican who rose to prominence as an idiosyncratic and stubborn outlier in his party, popular in the Kentucky district that repeatedly sent him to the House, lost his primary bid for reelection Tuesday after a vicious and costly attack by President Donald Trump. The stunning
Google expands AI push at I/O with enterprise-focused Gemini upgrades and smarter search tools
Alphabet Inc. ’s Google (NASDAQ:GOOG) on Tuesday introduced a range of new artificial intelligence tools at its annual I/O developer conference, including AI agents integrated directly into Search and a faster, lower-cost Gemini model aimed at enterprise customers.
California business owners ‘working for peanuts’ as costs, record gas prices and regulations devour profits
California "sticker shock" is mounting for the state's small business owners, but one restaurateur and their multi-billion-dollar lender explain why they're not walking away — yet.
Iran war hits small business hard
Small business profits are sinking as entrepreneurs deal with a confluence of forces ranging from rising labor costs to higher energy prices.
Business Uncertainty Costs Middle Market Companies Up to 6% of Revenue
Business uncertainty remained elevated in March, with 27% of payment executives reporting high uncertainty levels even as optimism about the next 12
Radiology Associates of North Texas says it will waste over $51M on costs related to No Surprises Act
The country’s largest independent imaging group—located in Fort Worth and employing about 300 physicians—calculated the figure based on an internal analysis of its billing practices.
Farmers, business owners, customers feel the impact of beef prices surging
The cost of beef is surging across the U.S.That surge in price is impacting the entire supply chain from farmers, business owners, to customers.Americans are ea
DEI experts say the acronym may be radioactive, but the underlying business case is stronger than ever
Two former chief diversity officers say companies that abandon DEI under pressure are making a costly, long-term business mistake.
Affordable Care Act enrollment projected to plunge by 5 million as costs spike, analysis shows
The report found that ACA program enrollment could shrink by more than 20% and that those who remain covered are paying more, with average deductibles growing by over $1,000.
California business owners 'trapped' in 'vicious cycle' as costs soar
As labor and energy costs rise in California, small business owners say minimum wage laws and gas taxes in the Golden State are crippling their operations.
Senate Small Business Hearing Suggests Some Tariff Wariness - Coalition For A Prosperous America
A Senate Committee on Small Business and Entrepreneurship hearing held last week had only one manufacturer serving as a witness. He liked the tariffs because they stopped the bloodletting of cheaper imitations from China. However, he told the Senate that changes could be made to existing tariff policy to help lower costs as commodity and other input prices are rising fast.
Sen. Cassidy has no regrets over Trump impeachment vote, even after it cost him his seat
Cassidy lost his seat in his state’s Republican primary Saturday after Trump endorsed one of his opponents.
Legal, business groups push back on arbitration-reform bill now before Polis | The Sum and Substance
The bill seeks to limit consumer and employee costs with arbitration, disqualify some arbitrators and force losing parties to pay up.
How In-House Bookkeeping May Be Costing Your Business More Than You Think
Outsourced accounting services deliver a team with the expertise, processes, and technology to set your business up for success.
Plex announces borderline offensive Lifetime Pass price hike
Starting on July 1, newly purchased Lifetime Plex Pass subscriptions will cost $749.99, three times the current $249.99 rate.
Retirees are worried about the cost of healthcare — and who can blame them?
The increase in Medicare Part B premiums has sparked concerns about out-of-pocket healthcare costs.
30-year US Treasury yield hits highest level in 19 years
A bond rout is deepening as inflation fears take hold of the Treasury market, threatening to raise borrowing costs across the US economy.
Plex increasing Lifetime Plex Pass cost to whopping $750
Plex has announced a massive price increase for the Lifetime tier of its Plex Pass plan. Starting in July, Plex...
Amazon Supply Chain Services: Another Tool to Help Small Businesses Accelerate Growth - Small Business & Entrepreneurship Council
By Karen Kerrigan – For a small business owner, having a great line of products with solid demand is an important milestone. But delivering those products in a timely manner and at a cost that works are key steps to business viability and growth. Indeed, logistics management can be a steep challenge for many small […]
Deutsche Bank Says Just Half of Business Earned Cost of Capital
Most of Deutsche Bank AG’s business activities still failed to earn their cost of capital last year, demonstrating the long struggle the German lender is facing in generating attractive shareholder returns.
John Travolta Explains His New Look at the Cannes Film Festival: ‘I’m Going to Play the Part’
John Travolta was in costume at the Cannes Film Festival. The Hollywood icon, 72, raised eyebrows wearing round glasses and a series of jaunty berets while in France to promote his directorial debut, ...
Vast Launches Satellite Bus Business Line
The commercial space station company announced this morning that it would start selling satellite buses, specifically targeting the low-cost, high-volume, high-power niche for missions from comms, to EO, to national-security programs.
Exclusive: Airbus targets 10% cost cuts over global uncertainty and supply snags
Europe's Airbus is telling thousands of staff to reduce spending by 10% as global uncertainty and supply chain problems continue to squeeze its core jetliner business, three industry sources said.
"We see this as the beginning of the end of the Apple Tax worldwide" - Fortnite returns to the App Store globally as Epic prepares for "the final battle"
Epic gains the upper hand in its long-running battle with Apple over App Store costs. Fortnite returns to iOS worldwide (excl. Australia) as a result.
'Leeds must seize this moment at all costs'
After a tremendous finish to the season, Daniel Farke has called for Leeds United to invest heavily this summer. Had Farke found the formula faster, Leeds would be challenging for Europe. With meaningful investment and using these tactics from the start of next season, United could realistically place much higher than their current position of 14th.
Watch live: Rethinking Psychedelic Treatment for America’s Mental Health Crisis
Psychiatry is at an inflection point — and the stakes are high. Mental illness costs the U.S. economy more than $280 billion annually, drives veteran suicide rates, and places mounting strain on ev…
Solar to dominate energy by 2035, but AI data centers will keep fossil fuels in business
Costs for solar panels are expected to drop another 30% in the coming decade, helping the tech cement its lead in energy markets.
Calls for ‘No Seed Oil’ Push Companies to Order Up Butter and Beef Tallow
Businesses are finding different (and more costly) ways to fry foods as shoppers demand alternatives to seed oils as part of the Make America Healthy Again movement.
Millions expected to lose Affordable Care Act coverage as costs spike
Congress’s refusal to continue pandemic-era subsidies for ACA beneficiaries is taking a big bite out of consumers’ pocketbooks.
UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war
Pay growth eases to 3.4% as businesses face pressure from soaring energy costs
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...
Trucking insurance: How to make underwriters fight for your business
An Overdrive 2025 Small Fleet Champ's flatbed biz makes good on growth goals with a transparent promise to owner-operators: 15% of the gross for costs, no insurance chargebacks. "We had companies fighting over our business" this year, he said, with similarly transparent ELD data engagement.
Abortion Pill Lawsuit Leaves Trump Silent, and in a Political Bind
Louisiana wants the Food and Drug Administration to curtail access to the medication. Doing so could cost Republicans at the polls.
THE WEEK OF MAY 18, 2026
- House releases Energy Water bill - Republicans highlight research security concerns - Golden Dome cost estimated at over $1 trillion
New MatterChat Model Helps AI to ‘See’ the Language of Science
From writing emails to generating computer code, much of the artificial intelligence prevalent in our daily lives has succeeded by mastering one domain: text. However, this leaves a major blind spot in the physical sciences, where models depend on the high-resolution, three-dimensional data of the physical world, like the intricate lattice of atoms in a crystal. Delivering on the promise of using AI for science requires teaching these data-driven text models to seamlessly “talk to” physics-based models. Now, a new AI framework from Lawrence Berkeley National Laboratory (Berkeley Lab), called MatterChat, solves this problem by creating a specialized “bridge.” It connects the conversational power of a Large Language Model (LLM) with a physics-based AI that models “interatomic potentials”: the complex physical forces between atoms. The resulting system already significantly outperforms general-purpose AI tools like GPT-4 at predicting material properties, and the team hopes it can accelerate scientific discovery by serving as a robust research partner that provides grounded insights and generates step-by-step instructions for synthesizing novel materials. A paper describing this work was recently published in Nature Machine Intelligence. “Traditional simulations can provide the physical rigor required for materials science, yet their computational cost remains prohibitive for high-throughput screening. Conversely, while LLMs excel at rapid knowledge synthesis, they inherently lack the ‘structural vision’ to interpret materials directly from their underlying atomic coordinates,” said Yingheng Tang, a postdoctoral researcher in Berkeley Lab’s Applied Math and Computational Research Division (AMCR) and lead author on the paper. “MatterChat was built to solve this dilemma, empowering LLMs with a structural ‘vision’ that allows researchers to leverage their full potential for solving complex, real-world materials challenges.” Empowering language models to solve complex challenges in materials science To build MatterChat, the Berkeley Lab team drew inspiration from technologies like Vision Question Answering (VQA) and Text-to-Image (T2I) generation. In these tasks, AI must translate high-level text concepts into visual images, or vice versa. Doing so requires developers to build tools that “bridge” two fundamentally different forms of data. The researchers adapted this concept to the physical sciences. With MatterChat, they created a “bridge model” that successfully connects an LLM’s general knowledge with the deep understanding of the atomic-scale world encoded in scientific interatomic potentials. Until now, researchers using LLMs to solve materials problems usually had to feed them raw data files as if they were just strings of text. It’s like asking an AI to understand a complex 3D engine based only on a parts list: the LLM can read the names, but it can’t “see” how the atoms fit together in space. MatterChat solves this by training a specialized AI bridge model, pre-trained on millions of crystal structures and an LLM, to align the LLM’s representation of the world with the interatomic potential’s representation of the world. The bridge model can translate physical insights into a format the LLM can actually understand. By giving the LLM these “scientific eyes”— a scientific “inductive bias” in the terminology of AI — the Berkeley Lab team has transformed it into a robust research tool capable of providing grounded scientific insights into complex materials challenges, such as predicting thermal stability or analyzing electronic band gaps. “We think of atoms as living in a physical space, but from a machine learning perspective, they are just vectors living in some very non-trivially structured manifold in a high-dimensional Euclidean space; and, of course, the same is true for the sentences and paragraphs that we use to express our ideas about those atoms,” said co-author Michael Mahoney, Berkeley Lab’s Scientific Data Division (SDD) AI Initiative Research Lead. “The bridge model basically gets those two structures to ‘talk with’ each other.” As a proof-of-concept of this general approach, the team trained their bridge model on a dataset curated by pairing nearly 143,000 stable atomic structures from the Materials Project with their corresponding physical properties. This training data was automatically assembled using the Materials Project’s API and deliberately enriched with properties fundamental to microelectronics design — like formation energy and bandgap — allowing MatterChat to learn the complex patterns connecting a material’s atomic blueprint to its functional performance. To validate their model, the researchers benchmarked MatterChat against a suite of other AI systems, from general-purpose LLMs to other specialized scientific AI methods. The results show that MatterChat consistently outperformed its competitors across a range of tasks. The model was more accurate in classifying material types and demonstrated superior precision in predicting numerical properties. For example, it excelled at predicting a material’s bandgap, a property critical for designing new electronics from high-capacity energy storage to next-generation computer chips. “Our design is significantly more efficient because we don’t have to build a massive AI model from the ground up,” said co-author Zhi (Jackie) Yao, a research scientist in Berkeley Lab’s AMCR. “Instead, we take two powerful, pre-trained models — a structural encoder for materials physics and an open-source LLM — and use them off-the-shelf. The only component we actually train is the lightweight ‘bridge model’ that translates between them. It’s the difference between building an entire car factory and simply designing a smart adapter that connects a world-class engine to a world-class navigation system. This approach is not only computationally efficient, but also makes the system modular, so we can easily upgrade components or adapt the bridge for other scientific domains in the future.” Crucially, this modular design highlights exactly how institutions like Berkeley Lab and the Department of Energy are carving out a highly valuable niche in the booming AI landscape. Rather than competing with Silicon Valley tech giants to build ever-larger language models from scratch, the lab is focusing on the specialized connective tissue that makes commercial AI useful for hardcore science. Because the bridge model approach underlying MatterChat is forward-compatible, it is perfectly positioned to leverage these parallel tracks of innovation. As Mahoney pointed out, “We expect that industry will continue to develop improved LLMs, and we expect domain scientists and facilities will continue to generate new data. An important part of scientific machine learning is not simply to solve problems on today’s data, but instead to develop general methods that will be forward-compatible with orders of magnitude more data, whether from scientific domains or from LLMs.” According to Yao, the MatterChat project, which was initially developed and enhanced with funding from a Berkeley Lab Laboratory Directed Research & Development (LDRD) Program, will now expand its capabilities. In a collaboration with Fermilab, MatterChat is already contributing to a U.S. Department of Energy Genesis Mission project — called Accelerating eXtreme Environment Specs-to-Silicon (AXESS) — that aims to speed up the development of next-generation, high-speed, radiation-hardened detectors for challenging particle physics experiments by using advanced 3D integrated circuits (chiplets) and AI-driven data analysis. In addition to the LDRD support, the team also credits supercomputing resources at the National Energy Research Scientific Computing Center (NERSC), located at Berkeley Lab, with MatterChat’s success. “We are incredibly grateful to NERSC; this research simply would not have happened without access to the Perlmutter supercomputer through their AI for Science program,” said Tang. Wenbin Xu, a NERSC postdoctoral fellow at the time, was also a major co-author of the work, as was Benjamin Erichson, a research scientist in Berkeley Lab’s SDD, highlighting the benefits of AMCR-SDD collaboration on AI for science. ### Lawrence Berkeley National Laboratory (Berkeley Lab) is committed to groundbreaking research focused on discovery science and solutions for abundant and reliable energy supplies. The lab’s expertise spans materials, chemistry, physics, biology, earth and environmental science, mathematics, and computing. Researchers from around the world rely on the lab’s world-class scientific facilities for their own pioneering research. Founded in 1931 on the belief that the biggest problems are best addressed by teams, Berkeley Lab and its scientists have been recognized with 17 Nobel Prizes. Berkeley Lab is a multiprogram national laboratory managed by the University of California for the U.S. Department of Energy’s Office of Science. DOE’s Office of Science is the single largest supporter of basic research in the physical sciences in the United States, and is working to address some of the most pressing challenges of our time. For more information, please visit energy.gov/science.
Family fun for less: Simple travel and entertainment savings tips for summer
NEW YORK CITY (PIX11) — Beat the high cost of summer with these savvy savings strategies.
Virtual platform offers a valuable lifeline for rural primary care patients
An Indiana doctor built ChatRx, with e-prescribing built into its workflow, as an alternative to the long-drive, long-wait and high-cost alternative of in-person care delivery.
Take-Two Boss Says Borderlands' Last-Minute Art Style Change Cost $50 Million, but Without It the Game Would Have Flopped
Borderlands’ well-documented 11th hour art style change cost Take-Two an extra $50 million in development costs and delayed the game by a year, but without it the now successful franchise would have flopped straight out the gate.
Europe is paying to make itself sick – and the health bill proves it
Europe spends billions on fossil fuel subsidies while facing huge healthcare costs. Leaders must prioritize people and environmental sustainability.
The Middle East Oil Crisis Has Already Cost Global Businesses $25 Billion
Global companies are raising prices, cutting production and preserving cash as the Iran war drives oil and gas costs sharply higher.
Iran war saddles global companies with $25 billion bill
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.
Trump’s vendettas deliver, but at what cost to the GOP?
President Donald Trump is lining up new targets after felling yet another Republican critic in a retribution campaign that he finds deeply satisfying but that comes with widening political risks for his party.
Data & Business Process Services Stocks Q1 In Review: CoStar (NASDAQ:CSGP) Vs Peers
Let’s dig into the relative performance of CoStar (NASDAQ:CSGP) and its peers as we unravel the now-completed Q1 data & business process services earnings se...
Hims & Hers Health, Inc. Announces Proposed Convertible Senior Notes Offering to Support International Expansion and Accelerate AI-Driven Platform Investment
Proceeds intended to be used to preserve financial flexibility as Hims Hers executes on its international expansion strategy, including the proposed acquisition of Eucalyptus, invests in technology and operational infrastructure to drive anticipated cost efficiencies, and enhances the consumer experience with AI and its closed-loop data ecosystem. Hims Hers Health, Inc. (“Hims Hers” or the “Company”, NYSE: HIMS) today announced its intention to offer, subject to market and other conditions, $300 million aggregate principal amount of convertible senior notes due 2032 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Hims Hers also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an
Shifting Landscape Creates Uncertainty in Entertainment Market
By Andrea Wells The overall landscape of the entertainment world is changing. Increasing cost pressures, labor challenges, the emergence of AI, and the
HS2 failings blamed on high-speed focus and political pressure
A new reviews confirms the high-speed rail line's "original sins" include a technical design, changing political priorities and ballooning costs.
6 Portable Entertainment Gadgets To Buy From Costco (And 5 To Skip)
Costco can be a great place to find deals on all sorts of technological goodies, but though its selection is wide, not everything is worth shelling out for.
6 Portable Entertainment Gadgets To Buy From Costco (And 5 To Skip)
Costco can be a great place to find deals on all sorts of technological goodies, but though its selection is wide, not everything is worth shelling out for.
Hospitals are taking the fall for high health care costs
On right and left and among industry rivals, everyone is pointing the finger at the caregivers.
Todd Graves’ Billion-Dollar Chicken Chain Started With the Worst Grade in Business School
Todd Graves told Masters of Scale host Jeff Berman that his Raising Cane’s business plan earned the worst grade in his partner’s business class, despite being painstakingly detailed. “The professor said, the plan’s exceptional. I mean, I knew details. I knew exactly what our aprons would cost to get washed,” Graves recalled. The strategic flaw, ... Todd Graves’ Billion-Dollar Chicken Chain Started With the Worst Grade in Business School
Max Verstappen: Red Bull F1 driver plans Nurburgring 24 Hours return after reliability costs his team chance at win
Max Verstappen was on course for a remarkable win on debut at the Nurburgring 24 Hours but his car suffered a problem when in contention for victory in the closing hours of the race; watch the Canadian Grand Prix Sprint weekend from this Friday, live on Sky Sports F1
A unique Oregon law allows it to block healthcare deals. In five years, the state hasn’t done so once
Lawmakers said that giving the state oversight would stop multibillion-dollar deals from reducing care and increasing costs. Some who supported the law say it hasn’t been nearly as effective as they hoped.
Union offers no-cost health care to members in Latham
United Association Local 7 held a grand opening for its new health clinic for union members and their families at the Capital Region Health Park in Latham on Saturday.
China unveils a giant rideable robot straight out of sci-fi movie
A Chinese robotics company has started selling a giant pilotable robot. It costs €500,000, walks on two legs, and can also smash through walls. Welcome to the future?
Virtual health is helping hospitals deliver care anywhere
Virtual health is reshaping care delivery - expanding access, cutting costs and supporting universal health coverage. Scaling it needs coordinated action.
How Investors May Respond To PENN Entertainment (PENN) Cutting Jobs In Its Interactive Division
PENN Entertainment recently announced it will cut more than 75 roles in its Interactive division, as operators across the sports betting industry respond to competitive and technological pressures including AI-enabled platforms and prediction markets drawing customers away from traditional sportsbooks. This restructuring highlights how PENN is reassessing the cost structure and scale of its digital betting operations at a time when its long-term plans rely heavily on improving profitability...
Too many mistakes cost Yankees in loss to Mets
At least one thing went wrong in every aspect of the game as the Yankees took a loss on Saturday.
California politicians ponder plans to bring down high costs in the state
Fox News correspondent Christina Coleman reports on California's struggles with high costs for residents, from housing to gas, on 'Jesse Watters Primetime.'
Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success
At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)
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