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NWSL players dig into grass vs. turf debate and more at media day

At NWSL media day, players gave their thoughts on the general state of affairs, from fresh starts with new teams to the growth of the league.

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Jan 28 • 10:11 PM EST • Sports • usatoday.com
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International Business Machines Q4 Earnings Call Highlights

International Business Machines (NYSE:IBM) executives highlighted a year of accelerating growth and record cash generation during the company’s fourth-quarter 2025 earnings call, pointing to strong performance across Software and Infrastructure and outlining expectations to sustain momentum into 202

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Jan 28 • 9:44 PM EST • Business • marketbeat.com
LeBron James scores only 11 points in what could be his final game in Cleveland, as Cavs throttle Lakers

It wasn't LeBron's night, although Bronny James scored eight points down the stretch of the blowout.

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Jan 28 • 9:34 PM EST • Sports • sports.yahoo.com
Tim Walz Fears a Fort Sumter Moment in Minneapolis

The Minnesota governor warns of a national unraveling.

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Jan 28 • 9:25 PM EST • Politics • theatlantic.com
Army wins 67-64 over Lehigh

WEST POINT, N.Y. (AP) Tate Laczkowski scored 17 points as Army beat Lehigh 67-64 on Wednesday.

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Jan 28 • 9:05 PM EST • Sports • cbssports.com
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Takeaways from CNN’s Minnesota town hall

Minneapolis Mayor Jacob Frey, in a CNN town hall Wednesday night, stood by the city’s sanctuary policies and repeated his demand that federal immigration agents leave the city.

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Jan 28 • 8:51 PM EST • Politics • cnn.com
Winners of 2026 Southwest Wyoming Regional Science Fair Announced

ROCK SPRINGS — Western Wyoming Community College hosted 68 students from five different schools participating in the Southwest Wyoming Regional Science Fair Jan. 22. “The science fair gives students statewide a chance to showcase their scientific creativity and ingenuity. We deeply appreciate the participating students and the teachers and families who support them,” David Tanner,

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Jan 28 • 7:51 PM EST • Science • sweetwaternow.com
America at a Boiling Point: From ICE Protests to an Attack on Rep. Omar

An attack at a town hall in Minneapolis, amid a surge in threats against lawmakers, was the latest sign of the fraying of the nation’s political fabric.

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Jan 28 • 7:47 PM EST • Politics • nytimes.com
Seattle restaurants show support to Minneapolis businesses amid protests and unrest

Seattle restaurants are banding together to show solidarity with businesses in Minneapolis, raising funds to support their counterparts.

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Jan 28 • 7:39 PM EST • Business • komonews.com
Older adults’ driving habits offer window into brain health, cognitive decline

Research Highlights: A study of over 200 adults followed for five years found that greater white matter damage in the brain was linked to decreased driving, fewer trips, repetitive routes and having more driving errors, especially in those who later ...

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Jan 28 • 7:00 PM EST • Health • newsroom.heart.org
Mahoning Valley arts and entertainment

Art ARTS & EDUCATION AT THE HOYT, 124 E. Leasure Ave., New Castle, Pa.: “My Abandoned Heart: Photography by Diane Beatty,” ...

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Jan 28 • 7:00 PM EST • Entertainment • tribtoday.com
Bill Belichick snub: Here are the 23 Hall of Fame voters who have confirmed they voted for him — and the 1 'no' vote
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Jan 28 • 6:45 PM EST • Sports • sports.yahoo.com
Bill Belichick snub: Here are the 22 Hall of Fame voters who have confirmed they voted for him — and the 1 'no' vote
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Jan 28 • 6:45 PM EST • Sports • sports.yahoo.com
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Floods push crocodiles into Mozambican towns as health concerns rise

Floods in Mozambique have led to a new threat. Crocodiles are appearing in submerged towns and have killed at least three people. Torrential rains and severe flooding over the past month have killed more than 100 people in Mozambique, South Africa, and Zimbabwe. Thousands of homes have been destr...

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Jan 28 • 6:28 PM EST • Health • wral.com
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Android Gets Enhanced Set of Theft Protection Feature Updates

Android is getting a host of new theft protection updates from Google, designed for users on Android 16+. The updates are being built onto existing features, “designed to give you... #Android #Google

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Jan 28 • 6:26 PM EST • Technology • droid-life.com
Attack on Ilhan Omar Follows Years of Trump’s Targeting Her

President Trump has spent years demonizing and dehumanizing the Somali-born Democrat from Minnesota, fueling escalating threats against her.

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Jan 28 • 5:33 PM EST • Politics • nytimes.com
Champions League results: Arsenal, Liverpool, Manchester City among teams into round of 16; Benfica score last-gasp goal for play-offs berth
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Jan 28 • 5:07 PM EST • Sports • sports.yahoo.com
How Do Menopause and a Treatment to Manage Its Symptoms Affect the Brain and Mental Health?

New research suggests an association between menopause and anxiety, depression and shrinkage in certain brain regions—which hormone replacement therapy might not mitigate

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Jan 28 • 4:59 PM EST • Health • smithsonianmag.com
$10 million gift to fuel transdisciplinary data science

Tom and Cathie Woteki, an alumni couple who made profound contributions to the fields of public health and applications of enterprise computing in their careers, have made a $10 million estate gift commitment to endow multiple faculty positions or fellowships, as well as create graduate fellowships, in the College of Science and College of Agriculture and Life Sciences.

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Jan 28 • 4:58 PM EST • Science • news.vt.edu
Seven things to know about how Apple's Creator Studio subscriptions work

For the Mac versions of pro apps, things aren't actually changing much (yet).

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Jan 28 • 4:53 PM EST • Technology • arstechnica.com
Blackstone's biggest hedge fund business returned 12% in 2025, sources say

Blackstone's biggest hedge fund platform, Absolute Return Composite (AR), returned nearly 12% last ​year, beating the benchmark HFRX Global Hedge Fund Index's 7.1% gain, two ‌people familiar with the numbers said on Wednesday.

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Jan 28 • 4:45 PM EST • Business • reuters.com
Samsung releases first three Galaxy S26 Ultra trailers promoting its big new feature

All three leaked trailers focus on the hot new privacy feature for the Galaxy S26 Ultra.

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Jan 28 • 4:15 PM EST • Technology • phonearena.com
Brown & Root shifts engineering hub to Metairie

Brown & Root Industrial Services has relocated its engineering and construction operations from Baton Rouge to Three Lakeway Place in Metairie, marking a strategic investment in the Greater Ne… Already an INSIDER? Sign in. Already an INSIDER? Sign in

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Jan 28 • 4:10 PM EST • Business • businessreport.com
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Meta Says Revenue to Beat Estimates, Supporting AI Spending

Meta Platforms Inc.’s better-than-expected sales outlook helped ease Wall Street concerns about plans for unprecedented spending on artificial intelligence this year.

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Jan 28 • 4:07 PM EST • Business • bloomberg.com
Madina Ismail joins Essentia Health-Fargo to provide hospitalist care

Essentia Health-Fargo is proud to welcome Madina Ismail, an advanced practice registered nurse and certified nurse practitioner who will provide hospitalist care.

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Jan 28 • 4:01 PM EST • Health • essentiahealth.org
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These two viruses may become the next public health threats, scientists say

Two emerging pathogens with animal origins—influenza D virus and canine coronavirus—have so far been quietly flying under the radar, but researchers warn conditions are ripe for the viruses to spread ...

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Jan 28 • 4:00 PM EST • Health • medicalxpress.com
Champions League live updates, scores: Arsenal, Liverpool, Manchester City cruising; Barcelona, Chelsea behind at halftime of Matchday 8
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Jan 28 • 3:58 PM EST • Sports • sports.yahoo.com
Trump's response to Pretti killing upends Second Amendment politics : Here & Now Anytime

Alex Pretti was legally carrying a gun when a federal agent shot and killed him in Minneapolis last weekend. President Trump and other federal officials blamed his death on the fact that he had a gun, but Minnesota Gun Owners Caucus chair Bryan Strawser explains why he disagrees.And, after leading immigration operations in Minneapolis, Border Patrol Commander Gregory Bovino has returned to his previous job in California. CalMatters investigative reporter Sergio Olmos talks about Bovino’s record in California.

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Jan 28 • 3:57 PM EST • Politics • npr.org
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ICE presence threatens small business in Minneapolis and Minnesota, some owners say: 'I can hardly do my normal job'

Some Minneapolis small-business owners say they fear for their personal safety, their community's safety and their businesses' survival amid ICE's presence in the city.

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Jan 28 • 3:47 PM EST • Business • cnbc.com
Tom Brady, Robert Kraft respond on Bill Belichick's reported HOF snub: 'If he's not a first-ballot Hall of Famer, there's really no coach that should ever be'
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Jan 28 • 3:26 PM EST • Sports • sports.yahoo.com
Hialeah man accused of stalking, planting tracker on ex-business partner’s car in Doral

A 44-year-old man from Hialeah was arrested Tuesday after police said he repeatedly stalked a former business associate and installed a tracking device on the victim’s vehicle.

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Jan 28 • 2:29 PM EST • Business • local10.com
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Here's the Secret Galaxy S26 Ultra Display Security Feature You'll...

You guys know what a privacy screen is, right? A privacy screen allows someone viewing a display straight-on to be able to view content, while any off angle brings a tint... #GalaxyS26Ultra #Samsung

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Jan 28 • 2:04 PM EST • Technology • droid-life.com
Google confirms ‘Take a Message’ microphone bug, disabling on old Pixel phones

For a small number of users, the Pixel Phone app’s “Take a Message” feature inadvertently sent audio to the caller...

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Jan 28 • 1:52 PM EST • Technology • 9to5google.com
Pulaski County Sports & Entertainment Unveils Official Sportsplex Logo

New Facility Designed to Serve the Community and Welcome the World Pulaski County, Virginia – Pulaski County Sports & Entertainment is proud to unveil the official logo for the Pulaski County Sportsplex, a transformative new indoor sports complex that will serve as a premier destination for athletic competition while providing a year-round recreational asset for […]

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Jan 28 • 1:37 PM EST • Entertainment • pcpatriot.com
Pixelmator Pro launches on iPad, here’s what the new app can do

Today Pixelmator Pro has launched on iPad for the first time, exclusive to Apple Creator Studio. Here’s what the app can do.

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Jan 28 • 1:27 PM EST • Technology • 9to5mac.com
Iran delegates import powers as US war threats keep economy unstable

Iranian governors gain new powers as country prepares for possible war amid sanctions and looming geopolitical tensions.

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Jan 28 • 1:17 PM EST • Politics • aljazeera.com
Ray J says he has only a short time left to live after hospitalization: 'Heart is only beating, like, 25 percent'

Ray J says he was notified by doctors that he only has a short time left to live after his recent hospitalization: 'My heart is only beating, like, 25 percent.'

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Jan 28 • 1:15 PM EST • Entertainment • ew.com
Google brings its Nano Banana image generator to Chrome

Following its recent AI makeover of Gmail, Google is bringing more Gemini-powered tools to Chrome. Starting today, a host of new features are rolling for the browser, with more to come over the next few months.

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Jan 28 • 1:00 PM EST • Technology • engadget.com
Google’s New Chrome ‘Auto Browse’ Agent Attempts to Roam the Web Without You

Google’s latest addition to its Chrome browser puts generative AI behind the wheel and you in the passenger seat.

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Jan 28 • 1:00 PM EST • Technology • wired.com
How your health is being commodified by social media

From heath tech developers to influencers, our health is being monetised – and we need to be aware of what's going on, says Deborah Cohen

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Jan 28 • 1:00 PM EST • Health • newscientist.com
Economic Forecast 2026: Key Opportunities For Small Business

Small businesses face cost pressures and uncertainty in 2026, but untapped pricing power and greater agility than large competitors offer paths to stronger growth

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Jan 28 • 12:57 PM EST • Business • forbes.com
Experience space life, training at Orlando Science Center’s new astronaut exhibit

Mission: Astronaut features six immersive zones where guests can train like astronauts, conduct experiments, and explore the future of space travel.

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Jan 28 • 12:53 PM EST • Science • clickorlando.com
😐 Neutral (7%)
Samsung's Cool New Gadget Has The First Display Of Its Kind In The World

The 13-inch Samsung Color E-Paper features the world's first display housing made in part with a bio-resin crafted from phytoplankton, a type of microalgae.

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Jan 28 • 12:44 PM EST • Technology • bgr.com
Browns defensive coordinator Jim Schwartz reportedly wants 'out' after being passed over for head coaching job
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Jan 28 • 12:28 PM EST • Sports • sports.yahoo.com
Snap is Spinning Out Its Specs AR Glasses Business

The subsidiary, Specs Inc., will keep focusing on products that build on the company's Spectacles, which create mixed-reality experiences for wearers.

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Jan 28 • 12:19 PM EST • Business • cnet.com
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Black History Celebration to feature special concession offerings, in-arena entertainment

The Sabres will celebrate Black excellence in WNY during their game against the Kings on Jan. 29.

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Jan 28 • 12:16 PM EST • Entertainment • nhl.com
Dispatch is censored on Nintendo Switch 2 and Switch

Although there was initially speculation about Dispatch being censored on Nintendo Switch 2 and Switch, it’s now confirmed that this is indeed the case. In the PC and PS5 versions, the game featured a “Visual Censorship” setting. This is gone on Nintendo Switch 2 and Switch, so you’re always getting the censored experience. All scenes are in tact, but there...

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Jan 28 • 12:14 PM EST • Technology • nintendoeverything.com
Patrick Reed leaving LIV Golf, will return to PGA Tour this year

The 2018 Masters champion follows Brooks Koepka back to the PGA Tour.

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Jan 28 • 12:09 PM EST • Sports • sports.yahoo.com
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With Apple’s new Creator Studio Pro, AI is a tool to aid creation, not replace it

Apple’s Creator Studio Pro leverages AI to help creators with tedious tasks—like finding clips or building slides—without trying to do the work for them

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Jan 28 • 12:04 PM EST • Technology • techcrunch.com
Chia Pet Film and TV Rights Acquired by Rakia Media and Crystal City Entertainment: ‘We Can’t Wait for Audiences to Check Out the World of Chia in Theaters’ (EXCLUSIVE)

A Chia Pet movie or TV show could be on the horizon, as the media rights to the classic gift brand have been sold.

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Jan 28 • 12:00 PM EST • Entertainment • variety.com
Searows: ‘Death in the Business of Whaling’ review

Searows' sophomore album Death in the Business of Whaling is an expertly crafted collection of songs. The album is sure to please fans of Phoebe Bridgers, Ethel Cain or Iron & Wine.

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Jan 28 • 11:52 AM EST • Business • iowapublicradio.org
Baton Rouge Republican joins race for Julia Letlow's U.S. House seat

After U.S. Rep. Julia Letlow entered the U.S. Senate race following an endorsement from President Donald Trump, candidates are lining up to to run for her seat.

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Jan 28 • 11:50 AM EST • Politics • nola.com
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As the Trump administration targets NCAR, scientists rally to defend the ‘mothership’ of atmospheric research

A letter published by the National Science Foundation asks for ideas to dismantle the research hub. Scientists are responding en masse.

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Jan 28 • 11:45 AM EST • Science • cpr.org
NYC Health + Hospitals/Jacobi | North Central Bronx Appoints Grace Hyun, MD as Chief of Urology and Nassir Mansour, MD as Chief of Neurosurgery - NYC Health + Hospitals

NYC Health + Hospitals/Jacobi | North Central Bronx today announced the appointments of Grace Hyun, MD as Chief of Urology and Nassir Mansour, MD as Chief

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Jan 28 • 11:42 AM EST • Health • nychealthandhospitals.org
Manu Ginobili among backers of new planned sports performance project in South Florida

Manu Ginobili is investing in South Florida’s potential with a new venture. The former San Antonio Spurs star is part of a group building the Sports Performance Hub in Homestead, Florida. It’ll be a next-generation sports, education and community development project. It will feature a 10,000-seat stadium for Miami FC, sports training facilities, a basketball facility, a boarding school and more. Groundbreaking is set for March, with plans to open in 2028. Ginobili, along with partners like Riccardo Silva and Juan Sebastian Veron, aims to connect sports training with academics. They believe Miami’s multicultural environment makes it an ideal location.

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Jan 28 • 11:36 AM EST • Sports • nbcmiami.com
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Google DeepMind launches AI tool to help identify genetic drivers of disease

AlphaGenome can analyse up to 1m letters of DNA code at once and could pave way for new treatments

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Jan 28 • 11:15 AM EST • Technology • theguardian.com
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Google DeepMind launches AI tool to help identify genetic drivers of disease

AlphaGenome can analyse up to 1m letters of DNA code at once and could pave way for new treatments

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Jan 28 • 11:15 AM EST • Science • theguardian.com
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2nd Show Announced for State Fair 2026 Concert Lineup

The Great New York State Fair has announced its second music act for Suburban Park.

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Jan 28 • 11:07 AM EST • Entertainment • wktv.com
Google Pixel’s Tensor chip said to help weather a rocky smartphone market in 2026

A new report forecasts the smartphone chipset market through 2026, and claims that Google’s efforts in building Tensor for Pixel...

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Jan 28 • 11:05 AM EST • Technology • 9to5google.com
Premise Health and Crossover Health sign an agreement to create one unified company

/PRNewswire/ -- Premise Health and Crossover Health today announced that they have entered into a definitive agreement to merge. The unified organization will...

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Jan 28 • 11:00 AM EST • Health • prnewswire.com
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This 'perfect' Amazon Fire TV is on sale for under $200 right now — plus 5 more can't-miss TV deals

You don't need to spend a fortune to upgrade your TV.

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Jan 28 • 10:51 AM EST • Technology • ca.style.yahoo.com
Browns reportedly hire former Ravens OC Todd Monken as head coach
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Jan 28 • 10:49 AM EST • Sports • sports.yahoo.com
Samsung teases new privacy feature to hide your Galaxy phone screen from onlookers

Samsung said that the upcoming feature will let you protect selected parts of the screen like notification popup area.

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Jan 28 • 9:44 AM EST • Technology • techcrunch.com
Apple's 'Creator Studio' App Bundle Now Available for $12.99 Per Month

Apple today launched the new Creator Studio that was initially unveiled two weeks ago, providing content creators with access to six Apple apps for $12.99 per month or $129 per year. Creator Studio includes Final Cut Pro, Logic Pro, and Pixelmator Pro on Mac and iPad, along with Motion, Compressor, and MainStage on the Mac. Final Cut Pro is Apple's video editing software, Logic Pro is for audio editing and creation, and Pixelmator Pro is an image editing app that Apple purchased in 2024.

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Jan 28 • 9:30 AM EST • Technology • macrumors.com
Apple Creator Studio launches today, and it's an incredible value

Two weeks ago, Apple announced its brand new Apple Creator Studio bundle, offering its suite of creative apps for a...

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Jan 28 • 9:19 AM EST • Technology • 9to5mac.com
Looney’s Amphitheater announces 2026 entertainment lineup following venue revival

Looney’s Amphitheater Complex and Cultural Center, nestled in the heart of Bankhead National Forest, is marking its return as a live entertainment destination with a full slate of concerts and […]

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Jan 28 • 9:00 AM EST • Entertainment • 256today.com
Moto G77 launches with a 108MP camera with 3x lossless zoom, 120Hz AMOLED display, and an IP64 rating

Motorola has grown its Moto G series line of smartphones with the launch of a new model. The new Moto G77 has a new camera, a bigger battery, and a brighter display than its predecessor, the Moto G75.

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Jan 28 • 9:00 AM EST • Technology • notebookcheck.net
Our first look at Google's Android for PC interface leaks in a bug report

We may have our first look at Android for desktop.

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Jan 28 • 8:30 AM EST • Technology • engadget.com
After D.C. clears homeless encampments, health workers warn of growing risks

While Trump administration officials say that sweeps of homeless encampments make public spaces safer, health workers say they are disrupting care for people with serious medical needs and increasing the risk of illness and death.

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Jan 28 • 8:09 AM EST • Health • wamu.org
The week in politics (Jan. 28, 2026)

On Wednesday's show: From special election runoffs to the fallout from shootings in Minneapolis, we discuss the latest developments in politics in our weekly roundup.

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Jan 28 • 8:00 AM EST • Politics • houstonpublicmedia.org
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Apple Creator Studio is now available for $13 per month: What's included and what it means for creators

Pay monthly or $129 annually for the new subscription bundle that includes a number of Apple's creative apps.

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Jan 28 • 8:00 AM EST • Technology • engadget.com
On Data Privacy Day (and every day): Protect your small business

Cybercriminals target companies big and small. Today is Data Privacy Day — a great opportunity to take a look at how you keep your business and customer data protected. Get started with the FTC’s updated resources at ftc.gov/cybersecurity.

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Jan 28 • 7:51 AM EST • Business • consumer.ftc.gov
Pegula beats fellow American Anisimova to finally reach Australian Open semis

It marked Pegula’s 14th win in her past 15 matches against fellow Americans.

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Jan 28 • 7:40 AM EST • Sports • spectrumlocalnews.com
FreshBooks 2025 Ontario Small Business Snapshot: Owners More Reserved Than U.S. Peers, but Most Say Their Businesses Are Stable

Ontario survey data shows lower optimism and higher interest-rate sensitivity than U.S. counterparts, while operating conditions stay steady for most businessesTORONTO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Ontario small business owners are entering 2026 with a more reserved outlook than their U.S. counterparts, reflected in lower economic optimism, softer financial sentiment, and greater sensitivity to interest rates, according to a new Ontario snapshot from FreshBooks’ 2025 State of Small Business

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Jan 28 • 7:29 AM EST • Business • finance.yahoo.com
New WhatsApp lockdown feature protects high-risk users from hackers

Meta has started rolling out a new WhatsApp lockdown-style security feature designed to protect journalists, public figures, and other high-risk individuals from sophisticated threats, including spyware attacks.

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Jan 28 • 6:48 AM EST • Technology • bleepingcomputer.com
5 things to know for Jan. 28: Minnesota ICE crackdown, Political violence, Severe weather, Social media trial, Epstein files

CNN’s 5 Things AM brings you the news you need to know every morning.

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Jan 28 • 6:46 AM EST • Politics • cnn.com
Windows 11’s ability to resume Android apps on your PC is getting closer

The feature is now in Release Preview testing

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Jan 28 • 6:18 AM EST • Technology • theverge.com
Inside the minds of two US Olympians — and how they achieve greatness

U.S. Olympians Erin Jackson and Alysa Liu demonstrate how different personality traits and cognitive styles can lead to elite athletic success.

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Jan 28 • 6:07 AM EST • Sports • usatoday.com
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New Jacksonville health center to bring expanded services, welcome patients regardless of insurance

A Jacksonville health center is expanding its reach to treat more people, especially those who do not have insurance.

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Jan 28 • 6:01 AM EST • Health • news4jax.com
iPhone 18 Pro Could Feature Teleconverter Alongside Variable Aperture

Apple's rumored new variable aperture camera system for this year's iPhone 18 Pro models has reached the sampling stage, according to a new claim from a Chinese leaker. Posting on Weibo today, the account known as "Smart Pikachu" said the feature had entered late-stage engineering samples, while a teleconverter is also "under evaluation" for the device. The iPhone 18 Pro and iPhone 18 Pro Max are expected to launch in September 2026.

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Jan 28 • 6:01 AM EST • Technology • macrumors.com
The surprising science behind how certain foods can make you smell more attractive

Beneath fancy perfumes and deodorants, our food choices may be quietly shaping our natural scent in unexpected ways

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Jan 28 • 6:00 AM EST • Science • scientificamerican.com
Investment and Statecraft: The International Politics of Sovereign Wealth Funds - Georgetown Journal of International Affairs

In 1953, Kuwait established the world’s first sovereign wealth fund to invest the country’s oil revenues and generate returns that would reduce its reliance on a single resource. Since then, over 100 separate funds have been created to preserve national wealth and ensure long-term fiscal sustainability. Today, they manage over $10 trillion in global assets. In this discussion with GJIA, political economist Kathryn Lavelle explains the increasingly novel dynamics that surround fund behavior and what the world can come to expect from their growing presence in international financial markets. GJIA: When it comes to the roles sovereign wealth funds (SWFs) play in global markets and politics, what would you say makes them unique? Kathryn Lavelle: Sovereign wealth funds (SWFs) operate on behalf of governments as investors. That in itself is a strange relationship. Within them, a core contest takes place between the state’s interests (or sovereign) part of the dynamic, and the money interests (or wealth) part of it, and these two aspects are frequently in contradiction, serving fundamentally different goals. SWFs are also quite fascinating because when you talk to the people who manage these funds, they have an interest in convincing you that the decisions are made almost exclusively on a financial basis—they really will go to great lengths to differentiate their government owners and those who make the management decisions. At the same time, these people ultimately answer to someone in power. Therefore, for most SWFs, it remains deeply unclear who is actually making the investment decisions and for what purposes. Of course, it is not always clear how other vehicles, such as hedge funds and private equity make the decisions they do, but I think what a lot of people find particularly disconcerting about SWFs is that they seem to act on behalf of people who have a different identity from their own. People who could be trying to manipulate politics and markets in a way that would have a long-term effect on their own populations. Regular investors come and go at will, and they only share an interest in profit as far as most of us understand. However, SWFs have that extra “sovereign” part right behind them that obscures their true interest. GJIA: These funds can be found in countries all across the globe, in both authoritarian states and democracies. Would you say SWFs differ in their goals and structures between regime-type? KL: It is not necessarily regime type that makes the goals and structures of SWFs different. It has to do with their economies. Let’s look at a country like China. There’s going to be a debate about exactly how to characterize the regime, but it is a country with many different kinds of sovereign wealth funds, and a particularly opaque state connection to each. At one time, some of the state-owned Chinese oil companies created specialized investment vehicles listed outside Chinese markets that excluded parts of the firms that were more associated with human rights violations. At the same time, the China Investment Corporation (CIC)­—China’s largest SWF—draws a lot of concern, not necessarily because of its investment activities, but because of the dynamics of global politics. So, I wouldn’t really tie differences to regime types themselves in a wholesale way, but rather to how such funds are perceived and how they are structured. Saudi Arabia’s SWF is getting all kinds of attention for its involvement in Hollywood, and this takes me right back to when I was a student in the 1980s, when people were concerned about Japanese investment entities buying assets in Hollywood. They aren’t quite the same in financial terms, but it’s the same kind of concern about foreign investment that drives people to be suspicious, and the whole idea that “foreigners are influencing Hollywood.” This holds true across industries, and it reflects where politics are in places like the United States right now. One metric we can try to look at is transparency, where all the funds will tell you, “we are transparent.” The problem you’ll keep running into with this approach is how you value things. When trying to do comparative studies of equity markets, you’ll find that every country doesn’t use Generally Accepted Accounting Principles like we do in the United States. A fund may appear opaque politically and not want people to show what they’re invested in or what their intent with that investment is, but they could also just not be able to report it because of the way it was purchased, or the kinds of shares they purchased. There are some assets out there that really are difficult to put a monetary value on. GJIA: To what extent do domestic politics shape SWF behavior in both the investing “home” country and the recipient “host” country? KL: This depends on the type of fund present and also on the extent to which voters’ political views are able to influence the fund. For example, in a democratic home state like Norway, the SWF doesn’t invest in nuclear weapons or tobacco because of social concerns, but there is a continuing debate over whether it should invest in oil, even though that’s where most of the money comes from. The degree to which Norway will continue to make those investments, and whether they contradict the government’s overall climate goals, is an open question in Norwegian politics. Because of the way the fund’s governance is structured, it may not be easy to resolve. On the other hand, some people consider pension funds, like the State Teachers Retirement System (STRS) in Ohio, to be quasi-SWF. They have a very strict separation between the people who make up the management division and the fund owners. No teacher or professor would want to invest in things that may harm the future of their students. At the same time, a fund manager might see an opportunity in a diversified multinational corporation that offers a good return, despite it deriving part of its revenue from e-cigarettes. These contests are very apparent. Domestic politics can work in host countries too. A good example is Singapore’s SWF, Temasek, investing in Thailand’s telecommunications sector. If you study political economy, you already know that countries everywhere are uncomfortable with foreign ownership of their telecom sectors because a foreign entity could monitor or manipulate our communications with each other. In the case of Temasek, there was significant pushback from Thai citizens surrounding the deal, which went on to influence national political sentiment toward Singapore as a whole, underscoring the risks some SWFs may face with their investment choices. In this case, fund behavior led to the dissolution of the entire Thai government in 2006 and a subsequent coup d’état. GJIA: To address some of this unease, the Santiago Principles were established in 2009 to ostensibly promote trust and transparency. From your perspective, have these mechanisms actually changed fund behavior? KL: In international relations theory, we always like to have a clear set of norms and best practices­—the orientation we want the proverbial ship to be going in. In that regard, the Santiago Principles at least got the discussion going about which direction SWFs should take at a time when people were very skittish about the growing size of these funds. Nobody wanted them to be out there and potentially destabilizing economies, so talks about disclosure, conditions for withdrawal, and the independence of managers were helpful when initiated. The biggest stumbling block was that there wasn’t exactly a good way to measure compliance with the Principles, let alone how to hold funds to them. If you read the Principles, they’re overall quite vague. In general, a fund doesn’t want to reveal how and why they make certain investment decisions because that information is proprietary—a fund makes money off of how and why it makes decisions—so how do you reconcile that with loosely-defined ideas of openness? Some decisions might have a political purpose. The bottom line is that trying to figure out and assign a score to compliance is not easy, and it is therefore the reason why the Santiago Principles never really got off the ground to the point where they could truly direct fund behavior. GJIA: Many emerging markets are looking to build their own SWFs from mineral and oil revenues. Historically, have funds shaped development trajectories in these countries? KL: I think the big story in international emerging markets investment is that the investment is increasingly no longer unidirectional. In the past multinational corporations of primarily Western background were the main form of foreign direct investment in a country. That has changed dramatically, to the point where you have companies from so-called “developing countries” taking over companies in the United States. Therefore, the landscape of international investment has changed, and I think SWFs are certainly a possibility to be the next step in the game. Historically, you didn’t need an entire financial vehicle to reinvest commodity revenues in your country, but as emerging markets get more financially sophisticated, their capacity to operate such funds has increased. SWFs would allow treasuries to move from relying on holding foreign exchange assets like cash or government bonds to having broader financial markets and targeted growth areas, while easing pressure on welfare expenditures. GJIA: With their increasing financial weight, do you see the presence of SWFs being a factor in the political choices leaders will have to make with regard to domestic and foreign policy? KL: It will depend on just how big the funds get. One of the reasons people are already apprehensive is because of their scale, and if certain SWFs in certain countries achieve a large-enough size, the presence will absolutely be cause for concern. The other factor political leaders will have to consider are their objectives. It’s not always clear how to define a SWF, or even where its activity is concentrated, but it is certainly a worry from the perspective of national security of opaque external investment. More than that, I think one of the most interesting questions going forward is whether the United States, the home to the world’s largest financial markets, will develop its own fund, for which the Trump administration announced a plan. There have also been several proposals in Congress. Were it to come into being, it would have tremendous weight. At the same time, one of the hallmarks of U.S. capitalism is a lack of government ownership of shares, so it would not be clear how such a fund would be received in domestic politics, or which direction it would take. Given how politically fragmented the country is, a Democratic administration would likely be concerned about different sectors of the economy, such as healthcare, and want investment there, rather than a Republican administration, which might prefer defense industries. No investment vehicle could thrive under conditions of such instability. Moreover, it remains unclear where the money to fund a theoretical U.S. SWF would come from. It would be a fundamentally different entity depending on whether it is financed with debt, economic surplus, commodities, or the sale of state companies, as in the case of Singapore. If it is debt, or government borrowing of some form, then the fund would have to outperform whatever the cost of that debt is, which is not an easy thing to do. I think our political leaders have enough on their plate. Our system has worked well keeping political and investment functions generally separate. We have seen different forms of business rise and fall, and even the perception of different countries, all of which funds are tied to. Unless a major SWF either starts—like in the case of the United States—or collapses—an issue that concerns the Saudis, I don’t see any political tsunamis on the horizon. . . . Kathryn Lavelle is the Ellen and Dixon Long Professor of World Affairs at Case Western Reserve University in Cleveland, Ohio. Her research explores the exchange between domestic and international and political institutions with a particular emphasis on political economy and multilateralism. Dr. Lavelle’s first book, The Politics of Equity Finance in Emerging Markets, explored the political circumstances that surround large issues of stock in the developing world. After being granted tenure at Case Western, she was awarded an American Political Science Association Congressional Fellowship and named the William A. Steiger fellow, a designation given to the most promising political scientist in her class of fellows. While in Washington during 2006-2007, she worked on the staff of the House Committee on Financial Services on issues related to domestic and international monetary policy. Dr. Lavelle holds a PhD in political science from Northwestern University; an M.A. in government and foreign affairs from the University of Virginia; and a bachelor’s degree in international economics from Georgetown University. She is a permanent member of the New York Council on Foreign Relations. This transcript has been lightly edited for clarity and length. Interview conducted by Sid Mehrotra. Image Credit: Jason Leung, Unsplash Content Licenses, via Unsplash

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Jan 28 • 6:00 AM EST • Politics • gjia.georgetown.edu
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Jan 28 • 5:19 AM EST • Politics • washingtonpost.com
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Jan 28 • 5:02 AM EST • Entertainment • gainesville.com
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Trump’s Choice to Be Alabama’s Next Senator Finds an Odd Political Target: the Modern Gas Can

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How scientists predict big winter storms : Short Wave

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Is Teladoc Health (TDOC) A Potential Opportunity After Prolonged Share Price Weakness

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Jan 28 • 1:11 AM EST • Health • finance.yahoo.com