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Life sciences firm Danaher to launch AI-powered autonomous research lab in 2027
Life sciences company Danaher said on Wednesday it plans to launch its first AI-powered autonomous research lab early next year to make drug discovery and development faster and more efficient.
Kakao Entertainment plots K-Pop growth with Atlantic Music Group
K-Pop isn’t exactly struggling to reach global listeners at the moment, through streaming and stadium tours alike. But now South Korean firm Kakao Entertainment has inked a deal with WMG’s Atlantic Music Group to continue the momentum.
Jorge Jesus speaks out after reading Cristiano Ronaldo's statement
Coach Jorge Jesus confirmed that he had read the lengthy and explosive statement released by Cristiano Ronaldo, in which the Portugal captain explains his departure from the national team camp and sha...
Trump admin to receive $100 million in compute credits for AI science initiative
The credits are intended to give Genesis Mission researchers access to computing power that smaller labs and companies struggle to secure as major AI firms lock up capacity.
Melco Resorts & Entertainment Limited (NASDAQ:MLCO) Stock Rated "Moderate Buy" by Wall Street Brokerages
Melco Resorts & Entertainment Limited (NASDAQ:MLCO - Get Free Report) has earned an average rating of "Moderate Buy" from the ten research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have g
Person hospitalized after vehicle crashes into Lemoyne business: dispatch
One person was reportedly injured after a vehicle crashed into a business in Lemoyne Tuesday night, officials said.Dispatch confirmed the crash happened around
Latham & Watkins Advises Spectrum Equity on Growth Investment in Symmetric Health Solutions
Multidisciplinary team represents the growth equity firm in investment in the healthcare supply chain intelligence provider.
Man living in Congo who went back to Kenya is country's 1st confirmed Ebola case and death
A Kenyan citizen who had been living in Congo before returning to Nairobi over the weekend became Kenya’s first confirmed case of Ebola and the country’s first death from the disease in the fast-moving outbreak, authorities said Tuesday
Health officials confirm first human case of dengue fever in Broward County
Leak Tips NVIDIA RTX Spark-Powered Microsoft Surface Laptop Specs
Following what appears to have been a series of unfortunate events that led to a roadside laptop find resulting in confirmation that Microsoft will be launching a 20-core NVIDIA RTX Spark Surface Laptop, we now appear to have confirmation that Microsoft will also be launching a Surface Laptop...
Justin Ishbia’s firm buys retail property near proposed White Sox development site
The purchase is another move by Ishbia to control more of the area surrounding the planned site of a mixed-use megaproject called The Railyards.
Option Care Health (OPCH) Rockets as CD&R, McKesson Table 37% Premium Bid
Option Care Health Inc. (NASDAQ:OPCH) soared by as much as 33 percent on Tuesday to $31.11 apiece following news that it is merging with Clayson, Dubilier, & Rice LLC (CD&R) and McKesson Corp. for $5.8 billion. In a joint statement, the firms said that they entered into a definitive agreement under which they will acquire […]
WealthPath managed assets rise to new level
The top-ranked locally-owned independent wealth management firms in Northwest Arkansas have exceeded $2 billion in managed assets, while another surpassed $1 billion in managed assets for the first time, according...
Top House Oversight Democrat seeks answers about Kushner’s Israeli investment following CNN report
Rep. Robert Garcia, ranking member of the House Oversight Committee, requests investment information from Kushner’s firm, Affinity Partners
Helix Electric, LLC Promotes Marcia Campbell to Director of Business Development
Helix Electric, LLC (Helix), a leading electrical contracting firm with operations across Nevada and Utah, has promoted Marcia Campbell from Business Development Manager to Director of Business Development, recognizing her leadership, industry expertise and contributions
Moody’s changes Nationwide’s P&C business outlook to “positive”
Moody’s Ratings announced today that it has changed its outlook for Nationwide’s P&C business to “positive” from “stable.” The global ratings agency also affirmed its A1 rating for Nationwide’s financial services (NFS) business, and A2 rating for Nationwide Mutual Insurance Company and Nationwide’s P&C affiliates. “Moody’s p...
CD&R, McKesson acquiring infusion therapy provider Option Care Health for $5.8B
Option Care Health, a provider of infusion therapy services, is being acquired by private equity firm CD&R and healthcare conglomerate McKesson in a deal valued at $5.8 billion, the companies a | Option Care Health, the country's largest independent provider of at-home and alternate site infusion services, would go private in the deal, which is expected to close in the first half of 2027.
Dennis Franchione, football coach at TCU, Alabama and Texas A&M, dies at 75
The Fort Worth Star-Telegram, which first reported the news, said Franchione’s family confirmed his death Tuesday.
Florida case of locally acquired dengue confirmed in Broward County
The Florida Department of Health in Broward County confirmed a human case of locally acquired dengue fever.
Arkansas 4-star receiver pledge reopens recruitment
ESPN 4-star receiver Darion Moseley, who committed to Arkansas on May 2, has confirmed he has reopened his recruitment.
Confirmed Lineups: Germany U21 vs. Georgia U21
Antonio Di Salvo’s Germany U21 side entertain Georgia in Bielefeld in the final day of the group stage in the U21 Euros qualifiers. The hosts will secure their place for the tournament in Albania an...
Liverpool vs Man City referee confirmed ahead of Anfield showdown
Chris Kavanagh, from Greater Manchester, is one of England’s elite match officials
Beazley and Zurich Global Specialty Names New CEO
Kristof Terryn has been appointed as chief executive of Beazley and Zurich Global Specialty following Switzerland-based Zurich Insurance Group AG’s acquisition of British firm Beazley plc…
Remaking scents: could fragrance tech help take pressure off endangered plants?
Firms working on reproducing compounds without need for repeated harvesting but conservationists are sceptical
McKesson, CD&R to take infusion therapy provider Option Care private in $5.8 billion deal
Drug distributor McKesson and private equity firm Clayton Dubilier & Rice on Tuesday agreed to take infusion therapy provider Option Care Health private in a deal worth about $5.8 billion including debt.
Germany under pressure
From carmakers and manufacturers to farmers and logistics firms, businesses are grappling with weak demand, climate risks, and global uncertainty.
Freiburg announce contract extension for Ginter
SC Freiburg have announced that Matthias Ginter has signed a new contract with the club.The Breisgau outfit confirmed on Tuesday that the 32-year-old centre-back will continue his spell in Freiburg, w...
Kenya confirms first Ebola case imported from Congo after patient dies in Nairobi
Kenya’s Health Ministry has confirmed the country’s first imported Ebola case from Congo
Vermont firms slash energy costs with new projects
Efficiency Vermont projects are set to save state businesses $78 million in energy costs over their lifetime.
Kenya confirms first Ebola case imported from Congo after patient dies in Nairobi
Kenya’s Health Ministry has confirmed the country’s first imported Ebola case from Congo.
Kenya confirms first Ebola case imported from Congo, patient has died
Kenya has recorded its first confirmed Ebola case, a Kenyan citizen who has been living in Democratic Republic of Congo and arrived in Nairobi on Saturday, health minister Aden Duale said.
Banijay Entertainment confirms structure for Americas
Banijay Entertainment has confirmed its newly combined structure across the Americas
Six Flags Entertainment Corporation (NYSE:FUN) Stock Has Average Target Price of $21.50
Six Flags Entertainment Corporation (NYSE:FUN - Get Free Report) has earned a consensus rating of "Hold" from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recomme
Authorities ID body of man found behind Fairview business
Authorities identified the man found dead behind a Fairview, Oregon business as 49-year-old Kerry Cottrell. Investigators suspect a medical condition, with the medical examiner to confirm cause and manner of death.
Why Sphere Entertainment (SPHR) Stock Is Trading Lower Today
Shares of content production and distribution company Sphere Entertainment (NYSE:SPHR) fell 12.3% in the afternoon session after Craig-Hallum analyst Ryan Sigdahl downgraded the stock from Buy to Hold and reduced the price target to $132 from $170. According to TipRanks, Sigdahl pointed to demand for The Wizard of Oz at Sphere fading faster than expected. The firm cut its estimates to reflect that weaker outlook and lowered its price target to $132 from $170. A reduced target on the show that ha
Montana health officials warn of severe risks as Fergus County confirms measles case
Some health experts say Montanans are at risk of measles with declining vaccination rates, and Fergus County confirmed a case of measles.
Health officials confirm case of dengue fever locally-acquired in Broward County
Officials in Broward County have confirmed a case of dengue fever.
New Zealand third quarter business confidence jumps, says think tank
WELLINGTON, Oct 6 (Reuters) - New Zealand's business confidence rose in the third quarter even as fuel prices increase and geopolitics remain a headwind for the country, a private think tank said on Tuesday. A net 43% of firms surveyed expec...
New Zealand third quarter business confidence jumps, says think tank
WELLINGTON, Oct 6 (Reuters) - New Zealand's business confidence rose in the third quarter even as fuel prices increased and geopolitics remained a headwind for the country, a private think tank said on Tuesday. A net 43% of firms surveyed expected ge...
McNeese’s College of Business Earns Reaffirmation of Accreditation
The McNeese State University College of Business has earned reaffirmation of its accreditation from AACSB International, The Association to Advance Collegiate
Broker consolidation shifts from dealmaking to integration
Years of rapid consolidation in the insurance brokerage sector are giving way to a greater focus on integrating acquired firms and on finding sources of organic growth in a softening market…
Sen. Tillis says his vote for Hegseth was 'biggest regret of my career' in new book
Republican Sen. Thom Tillis says in a new book that his deciding vote to confirm Defense Secretary Pete Hegseth in January 2025 is the “biggest regret of my career” and that he also “should’ve stopped” Robert F. Kennedy Jr. from becoming Health and Human Services secretary in the early days of President Donald Trump’s second term.
Arizona WR Tre Spivey out for season with foot injury
At least one of the trio of starting wide receivers injured in Arizona’s last game won’t be back on the field this season. UA coach Brent Brennan confirmed Monday that junior Tre Spivey will miss the remainder of the season after suffering a foot injury in Saturday’s 34-7 win over Cincinnati. Brennan said Spivey will […]
Ana Navarro addresses Rosie O’Donnell’s potential return to “The View” (exclusive)
O’Donnell previously said that she’d return for season 30, while EW later confirmed a formal ask hadn’t gone out at the time.
Supreme Court weighs local governments' climate lawsuits against oil, gas firms
Key justices appeared wary about the potential sweep of litigation, but torn over the complex legal interplay of federal and state laws raised by the case
Supreme Court weighs local governments' climate lawsuits against oil, gas firms
Key justices appeared wary about the potential sweep of litigation, but torn over the complex legal interplay of federal and state laws raised by the case
Banijay America Confirms Ben Samek as CEO, Post-Merger With All3Media
Banijay America has confirmed its new structure post-merger with All3Media, as Ben Samek will serve as CEO of the combined company.
Entertainment Partners Names UK Boss For European Expansion
EXCLUSIVE: Production management and entertainment payroll firm Entertainment Partners (EP) has a new boss in Britain. Chris Gratton has today been named Executive Vice President and Managing Director...
1 person in Hamilton County infected with West Nile virus, health department says
One person has been diagnosed with contracting West Nile virus, the first confirmed case in Hamilton County in 2026.
Windows 11 26H2 brings a hidden performance boost — and may slash RAM usage
Windows 11 26H2 quietly brings several performance improvements, including a Low Latency Profile that makes common tasks feel faster. Some users are also reporting lower RAM usage after the update, although Microsoft has not confirmed that 26H2 itself is responsible.
Beazley and Zurich Global Specialty Names New CEO
Kristof Terryn has been appointed as chief executive of Beazley and Zurich Global Specialty following Switzerland-based Zurich Insurance Group AG’s acquisition of British firm Beazley plc…
Governor Ivey Proclaims Alabama Girls in Sports Day -
MONTGOMERY – Governor Kay Ivey on Monday proclaimed Saturday, October 10, 2026, as Alabama Girls in Sports Day, recognizing the female athletes throughout the state and reaffirming Alabama’s commitment to ensuring women and girls have the right to participate, compete … Continued
Pixel 12 series leak allegedly reveals model numbers, display specs, no wide Fold
A new leak allegedly reveals Pixel 12 display specs, model numbers, and helps confirm Google isn't launching a wide Fold.
Apple Releases MagSafe 3 Charging Cable Firmware Update
For the first time since February 2023, Apple has released a firmware update for the MagSafe 3 charging cable for the MacBook Pro and MacBook Air. Specifically, Apple last week released firmware version 3.2.0 for the USB-C to MagSafe 3 Cable. The previous firmware version for the cable was 3.1.12. It is unclear what is included in the latest firmware, as Apple does not publish release notes for this.
DraftKings Rallies 5% as BoA Upgrades to Buy With $27 Price Target; Flutter Entertainment Ticks Up
A Wall Street firm that spent the past year avoiding DraftKings (NASDAQ:DKNG | DKNG Price Prediction) over prediction-market risk has lifted its view. DraftKings stock is up 5% to $19.46 in morning trading after Bank of America (NYSE:BAC) upgraded the shares to Buy from Neutral. Also, shares of Flutter Entertainment (NYSE:FLUT) are up 1%, a […]
Hunt Marketing Firm in Oxford Receives Accolade
For the third consecutive year, Hunt Marketing in Oxford has earned a place on the Inc. 5000 list of America’s fastest-growing private companies. Hunt ranked No. 4,009 on the 2026 list. “Being named to the Inc. 5000 list for a third time is meaningful because it validates the growth story we’re building,” said CEO and […]
Virtual care firm Populus Health Technologies names Catalano as chief revenue officer
Populus Health Technologies, a virtual care media and technology company, announced the appointment of Joe Catalano as chief revenue officer.
CMS Mulls Cuts to Business Services Staff
CMS follows other law firms, such as Baker McKenzie and Clifford Chance, in seeking out savings in its back-office functions.
Google says some Googlebooks have better Android app support than others, and here's why
The first Googlebooks are finally here, but Google has confirmed to Android Authority that some models might have Android app issues.
Central Asia's growing commitment to university sport on full display in Tashkent and Samarkand
The 1st Central Asia Student Sports Federations Forum, held from 29 September to 2 October 2026, brought together FISU leadership, FISU Central Asia and national university sports federations from across the region, confirming the growing political and institutional commitment to student sport in Central Asia. National delegations from Uzbekistan, Kazakhstan, Mongolia, Tajikistan and Kyrgyzstan attended […]
Buy Rating Reaffirmed Might Change The Case For Investing In Astrana Health Stock
Astrana Health recently reported quarterly results showing solid revenue growth and higher net profit for the period ending June 30, with a reaffirmed Buy rating from Freedom Capital Markets serving as supporting commentary on the business performance. The combination of rising quarterly profitability and revenue momentum suggests Astrana Health is executing on its healthcare model, with analyst confidence reflecting how that operating progress is being interpreted by the market. This...
Anthropic expected to IPO despite market uncertainty, AI slowdown calls
Wall Street is gearing up for Anthropic’s expected mega initial public offering, a major test of investors’ appetite for one of the AI industry’s leading firms. Just weeks ago, its CEO called for an industry-wide slowdown over growing safety concerns.
Herbie Thiele launches new Tallahassee public affairs firm
Herbie Thiele launches public affairs firm blending lobbying and communications.
Grindr Buys Telehealth Firm in $250M Deal
Grindr Inc. is acquiring telehealth platform PurposeMed Inc. in a $250 million deal, Grindr announced on Wednesday. This is Grindr’s first major
Today’s Papers – Triple Italy challenge, Roma lead Endrick race
La Gazzetta dello SportLet’s not stop anymoreWin (and confirm ourselves) to look for the quarter-finals. Mancini with Scamacca: ‘Let’s end well.’The last conflictBuonfiglio case: His son works...
Confirmed: Roma reopen talks with Endrick’s entourage
Roma will continue to strengthen in January. Gian Piero Gasperini, even in the last transfer window, was left without a striker capable of sprinting and raising the team’s level. A promised addition...
NYC health officials investigating Queens building after 2 confirmed cases of Legionnaires
2 confirmed cases of Legionnaires' disease at Queens apartment complex prompt NYC Health Department probe
The city Department of Health is investigating an apartment building in Queens, following two confirmed cases of Legionnaires' disease among the residents there.
Rabid bat that came into contact with child found in Yuba City
Animal services collected the bat and sent it to the Sacramento County Public Health Lab, where testing confirmed it had rabies.
Global action urged over digital media’s harm to young people’s mental health
In an effort to build a ‘healthier digital world’ for young people, experts are calling on tech firms to release data showing how platform features affect user wellbeing
SMU Is Winning Ugly at the Right Time
The Mustangs have not looked like the same offense they were early in the season, but a 4-1 record and a favorable ACC picture have kept them firmly in contention.
Science confirms ‘Move in Silence’ trend might be the smartest way to achieve your goals
TikTok's "Move in Silence" trend is backed by real psychology, and NYU research shows why staying quiet helps you succeed.
Tencent Music Entertainment Group (TME) Stock Sees Modest Fair Value Cut After Analyst Caution
Tencent Music Entertainment Group has seen its fair value estimate move from US$13.17 to US$12.58, signalling a modest trim to the price target in the latest update. This shift lines up with recent analyst commentary that points to more cautious assumptions on growth and execution, including a move by one firm to a Hold rating even as others still see upside potential. As you read on, you will see how these price target adjustments fit into the broader, evolving narrative around Tencent Music...
Wildlife camera in Guatemala captures a once-in-a-decade snapshot
The recent photographs confirm that jaguars are still traveling along an important wildlife corridor.
What is in common between Super Mario and top WA developer?
The family-owned firm behind plans for a controversial aggregate mine in South King County has become one of the region's most prominent landowners and developers.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
In defence of big business
Despite the lionisation of small companies, prosperity hinges on a handful of large firms
Three 'Day One' Xbox Game Pass Titles Are Confirmed For The Next Few Days (October 6-8)
With potentially more to come
Amazon exec says finding FDEs is challenging: 'These are unicorns'
An Amazon Web Services exec said that she's being selective in building out the firm's bet on forward-deployed engineers.
Rockstar Games Confirms Next Official GTA 6 Update for October 5
Grand Theft Auto fans looking forward to the long-awaited GTA 6 should circle their calendars for Monday, October 5.
Flutter Entertainment PLC (NYSE:FLUT) Stock Has Average Target Price of $155.37
Flutter Entertainment PLC (NYSE:FLUT - Get Free Report) has received an average rating of "Moderate Buy" from the thirty-one ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold reco
David Robinson says he can do more for safety from outside Open AI
David Robinson said he hired a PR firm, Spitfire Strategies, after resigning from Open AI.
Dave Portnoy Says Ohio State Football Coach Ryan Day Led to His Ouster From Fox’s ‘Big Noon Kickoff’
Football fans tuning in to Big Noon Kickoff on Fox Sports on Saturdays will no longer be watching Dave Portnoy and his Barstool Sports crew, reported the New York Times. Barstool founder Portnoy, 49, confirmed the news and claimed that Ohio State University was to blame. Portnoy is a proud alumnus of the University of Michigan, […]
Phil Castellini Sends Message About Reds' Future After Rough Season
The Reds' new control person spoke for the first time since taking over, and he had firm answers about the front office and the team's ownership.
Measles outbreak hits Lewis County: 11 cases confirmed in unvaccinated people
About nine out of 10 unvaccinated people who are exposed to measles will become infected, the health department said.
Pennsylvania nears 1,000 measles cases, state health department reports
Pennsylvania’s reported measles cases are almost at 1,000 for 2026, days after its health department confirmed the figure had passed 900. “977 measles cases have been confirmed across 39 coun…
Firm signs $60M contract for work on Lee Health Fort Myers project
The Swedish construction firm Skanska is working on the 53-acre campus that will replace Lee Memorial Hospital.
UW College of Business career fair connects students with employers
The University of Wyoming College of Business recently hosted its annual career fair and Meet the Firms events in the Jonah Bank Atrium, bringing employers from across Wyoming and the
Cheaper AI models may strain power grid, consulting firms say
In new reports published this week McKinsey and BCG reveal the impact of falling token prices and impact on the grid.
Seattle Seahawks Depth Chart at Running Back Against Chargers
On Friday, Seattle Seahawks head coach Mike Macdonald confirmed that Jadarian Price will be out against the Los Angeles Chargers, which means the depth chart at running back is a lot thinner now. Behind Price, there are three running backs expected to be active against the Chargers for the Seattle Seahawks. Those players are Emanuel […] The post Seattle Seahawks Depth Chart at Running Back Against Chargers appeared first on HEAVY.
Apple Says iPhone 18 Pro Max Users With AT&T Cellular Issue Need to Have Device Replaced
Apple today confirmed that a "small number" of iPhone 18 Pro Max users on the AT&T network have experienced an issue that causes the device to lose cellular service, thereby preventing phone calls, text messages, and data from working. Thousands of users complained about the issue across the Apple Support Community and other platforms.
Apple Acknowledges AT&T Network Bug On iPhone 18 Pro Max
Experiencing SOS mode on your iPhone 18 Pro Max with AT&T? Apple confirms a hardware issue and details who needs a replacement.
NH families sue Trump administration over Medicaid ban on transgender health care
Four families say their minor children could lose access to gender-affirming treatment under a pending change in Medicaid rules.
Apple Confirms AT&T iPhone 18 Pro Max Problems. You Might Need a New Phone
This week's iOS update is intended to prevent this from happening to other phones. If your iPhone 18 Max Pro has already lost service, you'll need to return it for a new one.
Health officials alarmed by increased measles cases amid proposals to lower vaccine mandates in Florida
Health officials in Florida are ringing the alarm as confirmed measles cases continue to explode across the state.
Apple confirms iPhone 18 Pro Max AT&T cellular issues, affected devices require hardware replacement
Apple has confirmed an issue causing a “small number” of iPhone 18 Pro Max devices on AT&T to lose cellular...
Ballot measure to ban youth gender-affirming surgeries could disrupt other forms of healthcare
Colorado voters in November will vote on a ballot measure to decide if the state should ban gender-affirming surgeries for minors.
Solo law firm owner shares advice on running your own business
It offers general legal services but also has niches in representing other attorneys as well as designers, artists and publishers in the board gaming industry.
GTA 6 Age Rating Confirms New Details on Sex, Drug Use, Decapitation, and More
GTA 6 has received a rating of PEGI 18, revealing mentions of "decapitation," the ability for players to snort cocaine at any time, "scenes of sexual fetishes," and much more.