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Friant Ranch project could generate $1.3 billion in Fresno County
Friant Ranch, a proposed 2,500-home community, is projected to generate $1.3 billion in Fresno County economic activity over 10 years.
Protect Your Home and Business this National Preparedness Month with Rainbow Restoration®
The U.S. experienced 12 separate billion-dollar weather and climate disasters during the first half of 2026 alone, causing at least $31.9 billion in damage, according to Climate Central's mid-year update. As September marks National Preparedness Month and the transition to cooler weather brings the potential for severe storms, tornadoes, flooding and early winter weather, Rainbow Restoration®, a Neighborly® company with more than 45 years of restoration experience, is encouraging homeowners and
Protect Your Home and Business this National Preparedness Month with Rainbow Restoration®
/PRNewswire/ -- The U.S. experienced 12 separate billion-dollar weather and climate disasters during the first half of 2026 alone, causing at least $31.9...
Alphabet’s Core Business Is Printing Cash Faster Than Regulators Can Write Fines
Regulators keep throwing billion-dollar fines at Alphabet and the company barely notices, which raises a more interesting question about how you value a business that outgrows its own penalties every few weeks.
Billionaire Glen Taylor’s right-hand man is a political player supporting Lisa Demuth for governor
House Speaker Lisa Demuth won the Republican primary for governor despite losing the Minnesota Republican Party’s convention endorsement — a first since 1994. Now she’s putting up a credible challenge against the state’s most accomplished vote-getter, Democratic nominee Sen. Amy Klobuchar. She’s had help from an outfit called Restore Sanity, which has provided the most […]
The Strange New Politics of AI. Plus. . .
It’s Thursday, September 17. This is The Front Page, your daily window into the world of The Free Press—and our take on the world at large. Today: Douglas Murray asks, why do we allow terrorists to die of old age? The American nonprofits backing Hamas. A conversation with Dara Horn and Coleman Hughes. And much more. But first: inside the unlikely coalition warning that AI may kill us all. Last week, an AI researcher named Jacob Coxon made headlines around the world after saying that he had resigned from Anthropic because he believes AI might cause human extinction—and his co-workers do, too. Unlike the rest of us, potentially, the story just won’t die. The Pro-Human Assembly, a conference held Tuesday in Washington, D.C., about the existential dangers of artificial intelligence, couldn’t have come at a better time—or with a more eclectic coalition. The Archbishop of San Francisco was there. So was Steve Bannon, screaming about the Chinese. Bernie Sanders did a quasi-dramatic reading of messages posted to an online forum by rogue AI agents. Ashley Judd paraphrased a graphic Andrea Dworkin quote for reasons that remain a mystery to me still. It was odd. People in the AI industry have talked openly about the possibility of this technology causing human extinction for years, but it hits differently in the wake of the Hugging Face incident. If you don’t know what that is, all the more reason to read my dispatch today. As the doomers see it, the best-case scenario is a future in which humans are basically kept as pets: well cared for, but with zero autonomy. The worst-case scenario, obviously, is the everyone dies thing. What should be done? I heard lots of ideas but no easy answers. There are currently zero federal regulations on AI, which is sort of strange even to think about. After all, we regulate microwaves, and the people running the microwave industry have never once refused to rule out the possibility that their products will end all human life on Earth. What I saw in D.C. left me even more convinced that you would be hard-pressed to find anyone who believes nothing should be done. You know, except for President Trump. — River Page River Page • Tech and Business [ The AI Doomers Have a Plan to Save Us. I Went to Find Out What It Is. ](https://www.thefp.com/p/the-ai-doomers-have-plan-save-bernie-sanders-bannon) Read story How Robert Kraft Made Macklemore a Martyr—and How to Better Fight Antisemitism On Monday, New England Patriots owner Robert Kraft and a group of other NFL owners banned Macklemore from performing at their stadiums after the rapper delivered a “Free Palestine” speech while opening for Ed Sheeran. Kraft cited the rapper’s “broader history of antisemitic rhetoric and imagery.” Once multiple venues refused to host shows with Macklemore on the lineup, the tour’s promoter officially dropped him. Today, Josh Kaplan says that the move was counterproductive, arguing that though well-intentioned, Kraft’s decision turned an irrelevant footnote into a martyr. “You cannot cancel people into liking you,” Josh writes. Read his column on what a better response to Macklemore would have looked like. Read [ Robert Kraft Made Macklemore a Martyr ](https://www.thefp.com/p/robert-kraft-made-macklemore-martyr-antisemitism-palestine) This raises the question: What actually works against antisemitism? On the latest episode of Conversations with Coleman, recorded in front of a live audience in New York, Dara Horn joins Coleman Hughes to talk about her new book The Final Solution to the Jewish Question. She argues that antisemitism is a script that has repeated itself across countries and ideologies, and that most people don’t understand that well enough to fight it. Don’t miss their conversation. Watch [ The Lie at the Center of Antisemitism, with Dara Horn ](https://www.thefp.com/p/the-lie-at-the-center-of-antisemitism-coleman-hughes-dana-horn) Listen now Douglas Murray • U.S. Politics [ Douglas Murray: The 9/11 Failure That Still Haunts America ](https://www.thefp.com/p/douglas-murray-911-failure-justice-terrorist-guantanamo-bay) Twenty-five years after the September 11 attacks, the men who planned them have still not faced trial. Khalid Sheikh Mohammed and most of the accused have been locked up in Guantanamo Bay since 2002. Judges have retired, and plea deals have collapsed. Today, Douglas Murray examines how this happened and argues that a justice system that allows terrorists to die of old age in an interminable pretrial process is one that has failed. Read his latest column on what that failure says about our unpreparedness for the era we are now living in. Read story The Editors • U.S. Politics [ When Nonprofits Support Terrorists ](https://www.thefp.com/p/when-nonprofits-support-terrorists) A newly declassified CIA brief from 1998 found that Osama bin Laden used nonprofit shell organizations—including U.S.-based Islamic groups—to fund his terror plots. Today, a similar story is unfolding as multiple organizations on American soil present themselves as nonprofits, taking advantage of tax-exempt status while seeking to advance the ideological mission of terrorist groups like Hamas. Read our editorial on the latest evidence of this dangerous trend—and why there’s no excuse for making the same mistake the CIA revealed 28 years ago. Read story Simon Sebag Montefiore and Bari Weiss Live in New York For decades, the Middle East has shaped American foreign policy and loomed large in the public consciousness. Few understand its influence on our politics better than Simon Sebag Montefiore, who argues that America’s quagmires in the Middle East stem from a deep misunderstanding of the region—on both the left and the right. Join him October 1 as he sits down with Bari Weiss live in New York City to kick off his U.S. book tour for The Cauldron: The Making of the Modern Middle East. Get Tickets Now MORE FROM THE FREE PRESS [ Sydney Sweeney’s Naked Truth ](https://www.thefp.com/p/sydney-sweeneys-naked-truth-caitlin-flanagan) Caitlin Flanagan Read story [ I Thought Ukraine Was Losing. Then I Was Almost Hit by a Russian Drone. ](https://www.thefp.com/p/elliot-ackerman-ukraine-drone-gas-station-train) Elliot Ackerman Read story [ The Dangerous Ideology Behind the AI Warnings ](https://www.thefp.com/p/dangerous-ideology-effective-altruism-artificial-intelligence) Shyam Sankar Read story [ Amanda Knox: Patrick Clancy Can’t Win ](https://www.thefp.com/p/amanda-knox-patrick-clancy-grief-internet-crime) Amanda Knox Read story THE NEWS The Federal Reserve raised interest rates by a quarter point, its first hike since 2023, signaling that another increase could follow as the central bank tries to bring inflation under control. President Donald Trump fired back by demanding that rates be cut sharply, though he stopped short of criticizing Fed Chair Kevin Warsh by name. The Houthis fired drones and missiles at Saudi Arabia on Wednesday, including a major oil port on the Red Sea, and Saudi jets struck back with air strikes across Yemen in an escalating front of the Middle East war. (For more on the Houthis, read Zineb Riboua’s column from earlier this week.) A sweeping Russia and Iran sanctions bill passed the House in a 262–159 vote and is now heading to Trump for his signature. Named after the late senator Lindsey Graham, the legislation would hit countries that purchase large volumes of Russian oil and gas with tariffs of up to 100 percent, and is aimed at cutting off revenue that funds Russia’s war in Ukraine. European Commission president Ursula von der Leyen proposed making Canada the European Union’s first-ever “associate member,” drawing a standing ovation from European lawmakers. The proposal, framed as a response to a world grown more hostile, faces an uncertain path as EU member states would have to approve it, and one diplomat said that “nobody really knows what it means.” The House voted unanimously to send billionaire Leon Black a criminal contempt referral after he defied a congressional subpoena to testify and hand over documents related to his connections to Jeffrey Epstein. Black chose to fight the subpoena in court rather than comply. Charlie Kirk’s family filed a wrongful death notice Wednesday against Utah Valley University, alleging that a series of security failures left him exposed to a rooftop sniper. The notice is a required legal step before the family can sue. Merriam-Webster added 1,400 words and definitions to its dictionary, including looksmaxxing, vibe coding, and cuffing season. The publisher said the new entries offer “a window into the world today.” The Free Press earns a commission from any purchases made through all book links in this article.
California Eyes Prison Heat Protections That Fall Short of Workplace Standards
California is crafting weaker heat protections for prisons than other workplaces, citing billions in costs to cool aging institutions as climate and health risks increase. It’s a second-class standard, health and safety advocates say, and would leave correctional workers more susceptible to heat illness.
FDEM spent about $1 billion on immigration last year, now it'll get more
State legislators approved $250 million for the Florida Division of Emergency Management. Some will go toward hurricane relief, but a large portion will pay vendors for completed work at the immigration detention center dubbed "Alligator Alcatraz."
Dollywood’s billionaire owners plot future without Dolly Parton
Since it opened in 1986, Dollywood has been both monument to Dolly Parton and a bustling venue where visitors can wander through a replica of the two-room log cabin where
Short-seller puts spotlight back on Raiffeisen's ties to Russia
Austria's Raiffeisen Bank International (RBI) is facing renewed scrutiny as the biggest Western bank still operating in Russia, after a short-seller alleged it was a key channel enabling more than $1 billion of Russian trade to circumvent sanctions.
OpenAI brings ChatGPT advertising business to Israel
Israeli companies can now create and manage advertising campaigns through OpenAI’s Ads Manager as the company expands its $1 billion advertising business globally.
Mark Walter sells stake in Chelsea FC amid investigation
Mark Walter sold his stake in Chelsea FC amid investigation a month after selling the Los Angeles Lakers for a record $12.5 billion.
Entertainment district next to Neyland Stadium officially named “865 Neyland”
Project is fully privately funded and projected to have $5 billion economic impact over 30 years
N.Y. state education receives $5 billion from lottery and gaming
Funding for education in the state budget is made up of local, state and federal aid.
Entertainment district next to Neyland Stadium named “865 Neyland”
Project is fully privately funded and projected to have $5 billion economic impact over 30 years
Trump administration has cut or frozen $177 billion in grants across every state, analysis shows
Among the grants that were eliminated, frozen or delayed were ones related to maternal health in Michigan, education research in Mississippi and assistance to minority farmers in Iowa, the researchers found.
Navy announces $1.7B Hampton Roads military housing plan
The U.S. Navy announced an agreement for a $1.7 billion project to build or develop housing for thousands of sailors across Hampton Roads.
House holds billionaire Leon Black in contempt over Epstein probe subpoena
Billionaire Leon Black held contempt over Epstein investigation subpoena; Black denies any wrongdoing or any knowledge of Epstein's behavior.
House votes to hold billionaire Leon Black in contempt of Congress over Epstein investigation
The House approved a resolution Wednesday holding billionaire Leon Black in contempt of Congress, referring the matter to the Department of Justice after he defied the Oversight Committee's subpoenas in its investigation into disgraced financier Jeffrey Epstein.
House holds billionaire investor Leon Black in contempt over Epstein probe
The House of Representatives held billionaire investor Leon Black in contempt of Congress on Wednesday for refusing to comply with subpoenas as part of the congressional investigation into Jeffrey Epstein.
House votes to hold Epstein associate Leon Black in contempt of Congress
The resolution says the billionaire’s refusal to comply with subpoenas “warrants referral to the U.S. Attorney for the District of Columbia for prosecution as prescribed by law.”
United Center owners tweak plans for park, music hall at $7B 1901 Project
Updated renderings of the $7 billion megaproject show a relocated 6,000-seat music hall southwest of the United Center with a new, smaller park on the hall’s western edge.
Sword Health is buying Headspace for $300 million, far below its peak value
The all-cash deal values the meditation and mental health app at roughly $300 million, well below the $3 billion valuation it reached at its peak
National Fuel Gas explores options for $5 billion natural gas production business, sources say
U.S. energy firm National Fuel Gas is exploring strategic options for its integrated natural gas production business, with any deal set to value the unit at around $5 billion, five people familiar with the matter said.
Washington Commanders reveal interior design of planned $3.8B domed stadium with wraparound seating bowl
The Commanders unveiled interior designs for their $3.8 billion domed stadium at the RFK campus, featuring a wraparound bowl designed to maximize crowd noise and sight lines.
Sabre refinances billions of debt; Thryv to sell parts of Yellow Pages business for $142 million
Southlake-based Sabre is refinancing more than $1 billion of debt in one of several deals that have occurred recently in Dallas-Fort Worth. Others include a $275 million acquisition by a Frisco-based home care company and a $142 million sale of some Yellow Pages and White Pages directories by Dallas-based Thryv. Learn about these deals and others in our latest wrap.
US-Canada trade war further taxes small businesses as costs rise during the Iran war
Canada imposed reciprocal tariffs on about $20 billion worth of U.S. goods.
US-Canada trade war further taxes small businesses as costs rise during the Iran war
Canada imposed reciprocal tariffs on about $20 billion worth of U.S. goods.
Starbucks considers selling majority stake in its Japan business: Reuters
Starbucks may sell a majority stake of its Japan business, their biggest overseas company-operated market, in a deal worth around $3 billion, sources say.
Barcelona project €1.45 billion in revenue for 2030/31
FC Barcelona have consistently stressed that the full exploitation of the Spotify Camp Nou will be crucial to the club’s long-term financial recovery once the redevelopment is complete.Now, accordin...
May Mobility set to go public in a $1.4B deal
Ann Arbor-based autonomous vehicle technology company May Mobility is set to go public in a deal that values it at $1.4 billion.
SL Science: A $1.15 Billion Valuation Built On Preclinical Promises
SL Science Holding Limited is rated Sell due to an unsustainable $1.15B valuation built on a strictly preclinical pipeline. Click for this SLBT stock update.
Business groups call for $2 billion in federal Colorado River spending
A coalition of chambers of commerce, including nearly a dozen from Arizona, have sent a letter to congress asking the federal government to send new money for water-saving work.
Starbucks considers selling majority stake in its Japan business
HONG KONG >> Starbucks Corp is weighing the sale of a majority stake in its Japan business in a potential deal that could value the coffee chain’s biggest overseas company-operated market at about $3 billion, two people with knowledge of the matter said.
Globavend Expands from Digital to Live Entertainment with K-Pop Star OK TAECYEON’s Macau Fan Meeting, Targeting US$5.97 Billion Southeast Asian Market
Sold-out MAMAMOO Hong Kong concert supports Globavend’s horizontal expansion into live events; Southeast Asian live entertainment market projected to reach US$10 billion by 2034PERTH, Australia, Sept. 16, 2026 (GLOBE NEWSWIRE) -- via IBN -- Globavend Holdings Limited (NASDAQ: GVH) (“Globavend” or the “Company”), an emerging AI-powered digital entertainment company and e-commerce logistics provider, today announced the expansion of its digital entertainment platform into the live entertainment bu
Former OpenAI executive Fidji Simo joins Nscale board as company prepares for U.S. IPO
Fidji Simo joins Nscale's board as the London-based AI infrastructure company prepares for a U.S. IPO targeting up to $3 billion.
Can AI save global health? Bill Gates is betting $1 billion that it can.
AI can’t fix all the infrastructure aid cuts broke. But maybe it can help
Starbucks Explores Majority Stake Sale in Japan Business at Potential $3 Billion Valuation
Starbucks (NASDAQ:SBUX) is considering selling a majority stake in its Japanese operations in a transaction that could value the business at approximately $3 billion, according to two people familiar with the matter. The company has invited several financial advisers to present options for the business and is open to relinquishing majority ownership, the sources told Reuters.
Starbucks considers selling majority stake in its Japan business, sources say
Starbucks Corp is weighing the sale of a majority stake in its Japan business in a potential deal that could value the coffee chain's biggest overseas company-operated market at about $3 billion, two people with knowledge of the matter said.
The Trump Administration Creates a Monopolization Machine
New rules could grant ‘small business’ benefits to companies with up to $5 billion in assets. Actual small businesses may have no choice but to sell.
House panel recommends contempt charge for billionaire Leon Black in Epstein probe
The House Oversight Committee has voted to recommend holding billionaire Leon Black in contempt of Congress in the investigation of Jeffrey Epstein
The crypto industry saw Trump as its savior. His crypto business just snagged a key bill
The crypto industry has spent years and hundreds of billions of dollars lobbying for regulation that would more closely weave digital assets into traditional finance. When President Donald Trump made a heel-turn on crypto in 2024, supporters hoped that he’d finally put an end to their regulatory limbo.
Thatch Reaches $1B Valuation as Employers Hand Workers Health Benefits Budgets
Thatch raised $108 million at a $1 billion valuation to continue growing its health benefits platform, the company said in a Tuesday (Sept. 15) press
Central Health approves $54M for mental healthcare
Central Health's board of managers approved a $1.015 billion fiscal year 2026-27 budget with $54 million in new funding for crisis and mental health services in Travis County.
Iran war cost $38 billion through July, report says
The U.S. is expected to spend $2 billion to $3 billion per month as the war continues, according to the Congressional Budget Office.
Gates Foundation is pledging $1 billion to spread AI to the world's poorest communities
The funding, spread over two years, targets AI tools for healthcare workers, smallholder farmers, and teachers in low-income countries
Air Force raises Boeing contract ceiling to $19.1B
The Air Force raised Boeing’s KC-46 Pegasus contract ceiling to $19.1 billion for support of foreign military sales to Japan and Israel.
It took 3.7 billion years for this genome to evolve. UF students assembled it in one semester
Key points Eleven undergraduate students at the University of Florida are the first to assemble the pignut hickory tree genome. The work was done as part of a hands-on research course open to all majors and taught by instructors at the Florida Museum of Natural History. The hickory tree s
Ranking Members Markey, Velázquez, American Small Businesses Fight Back Against Trump SBA’s Discriminatory Anti-Immigrant Lending Policies
More than 120 small businesses and organizations pen letter of support for Ranking Member Markey’s resolution striking down Trump’s ban on awarding SBA loans to green card holders Letter (PDF) (Washington, September 15) – Ranking Member Edward J. Markey (D-Mass.) today garnered additional support from Main Street small businesses for his Congressional Review Act (CRA) resolution to rescind the Trump administration’s discriminatory policy that bans green card holders from accessing essential Small Business Administration (SBA) loans. In a letter of support, more than 120 American small businesses and community organizations, led by Small Business Majority, applauded Ranking Member Markey’s efforts to overturn the Trump administration’s anti-immigrant lending ban and advocated for the passage of Ranking Member Markey’s CRA resolution in the Senate. House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY-7) is leading the resolution in the House of Representatives. The Trump administration’s green card holder ban is the most recent escalation of SBA’s draconian citizenship restrictions that are killing jobs and putting the American Dream further out of reach for entrepreneurs. In Fiscal Year 2025, Trump’s SBA made an estimated $5.5 billion in loans to green card holders, which supported more than 80,000 jobs nationwide. “The Trump administration’s continued attacks on American small businesses and jobs are anti-American, they’re discriminatory, and they’re dragging down our communities and our economy. Thanks to partners like Small Business Majority, countless small businesses, and community organizations, we are fighting back and holding them accountable,” said Ranking Member Markey. “I will not stop fighting to rescind this hateful policy that attacks American entrepreneurs and prevents them from pursuing the American Dream.” “Small businesses and organizations across the country are sending a clear message that the Trump administration's discriminatory lending rules are bad for business,” said Ranking Member Velázquez. “I want to thank Small Business Majority for leading this effort and amplifying the voices of the entrepreneurs who create jobs and strengthen our local economies. As Ranking Member of the House Small Business Committee, I will keep pushing to stop these attacks on the American Dream and ensure that every eligible entrepreneur can access the capital they need to succeed.” In the letter, the small businesses write, “Congress must reaffirm its commitment to serving those who are rightfully and legally entitled to accessing key government guaranteed loan programs in pursuit of the American Dream. Restoring access to responsible, government-guaranteed loans for such a critical segment of our economy will allow thousands of small businesses to access the capital they require to grow and invest in American communities. If Congress does not act to protect access to the very ideals that our country was founded upon by rewarding those who adhere strictly to legal immigration pathways, local economies, communities and Main Street will pay the price.” Ranking Member Markey’s CRA resolution follows his introduction of the Investing in the American Dream Act alongside Ranking Member Velázquez earlier this year. The Investing in the American Dream Act would roll back the SBA’s draconian lending restrictions and restore previous SBA lending policies for immigrant entrepreneurs lawfully in the U.S., including green card holders, refugees, and asylees. More than 100 organizations have called for the passage of the legislation and more than 60 Massachusetts state legislators have raised concerns about the impact of the citizenship restrictions in their local communities. Ranking Member Markey is fighting for small business owners and immigrants that rely on SBA loans to start and run their businesses, create jobs, and contribute to their communities. In July, Ranking Member Markey and Ranking Member Velázquez introduced a bicameral resolution to rescind the Trump administration’s policy that bans green card holders from accessing essential SBA loans to start and grow their businesses and invest in Main Streets nationwide. In May, Ranking Member Markey highlighted the significant contributions of immigrant entrepreneurs in Massachusetts and across the country and condemned the Trump administration’s repeated attacks on immigrant communities at a Small Business Committee hearing. MIRA’s Elizabeth Sweet, who participated in Ranking Member Markey’s listening session earlier in May, provided testimony at the hearing. Also in May, Ranking Member Markey hosted a listening session at the Urban College of Boston to hear directly from several Massachusetts immigrant small business owners, lenders, and chambers of commerce how President Trump’s cruel and callous anti-immigrant policies are hurting Main Streets in the Bay State. Earlier in May, Ranking Member Markey hosted a press conference alongside Ranking Member Velázquez, Democratic lawmakers, and stakeholders to condemn the Trump administration’s harmful anti-immigrant lending policies and to introduce the Investing in the American Dream Act. In March, Ranking Member Markey released a comprehensive report detailing the harms to small business owners, workers, and consumers caused by the Trump administration’s ICE raids in communities across the country. In February, Ranking Member Markey introduced the Small Business ICE Disruption Fund Act, which would provide grants to small businesses that have been impacted by the Trump administration’s violent immigration enforcement actions on Main Streets across the United States. Earlier in February, Ranking Member Markey, Ranking Member Velázquez, Congressional Black Caucus Chair Yvette Clarke (D-N.Y.), Congressional Hispanic Caucus Chair Adriano Espaillat (D-N.Y.), and Congressional Asian Pacific American Caucus Chair Grace Meng (D-N.Y.) sent a letter urging the SBA to rescind their lending rule change that bars legal permanent residents from receiving SBA loans. Previously, Ranking Members Markey and Velázquez released a statement condemning the actions of the SBA after it announced that small businesses with legal permanent residents will be barred from receiving SBA loans. In December 2025, Ranking Member Markey and all Democratic members of the Senate Small Business Committee sent a letter to the SBA reiterating concerns with the SBA’s citizenship requirements and highlighting a drop in SBA lending volume. In September 2025, Ranking Member Markey heard directly from SBA lenders about the issues with the citizenship verification requirements. In July 2025, Ranking Members Markey and Velázquez sent a letter to the SBA expressing serious concerns with the agency’s new, draconian citizenship verification requirements that require small businesses seeking SBA loans to be 100% owned by U.S. citizens, nationals, and legal permanent residents. ###
The sinister influence of crypto billionaires on our politics
Letters: Readers respond to the news that Christopher Harborne has given £36m to Reform UK, matching a donation from Ben Delo
Dangote reveals the business mistake that cost him billions 30 years ago after Chinese and Indian imports left nearly 8,000 workers jobless
Africa’s richest man, Aliko Dangote, has revealed that one of his biggest business mistakes was investing heavily in Nigeria’s textile industry, a venture he eventually abandoned after struggling to compete with imports from China and India
CenterPoint to sell Ohio natural gas business, affecting more than 300K customers
The buyer, National Fuel Gas Company, announced this week that the sale should be finalized around Oct. 1. The $2.6 billion acquisition was first announced a year ago.
US fired $22 billion in weapons fighting Iran, drained stocks: report
The Pentagon inspector general also found that the US lost $3.7 billion in equipment during the war.
Providence to receive $1.1B from Nike co-founder to build women’s health hospital in Oregon
Providence will receive $1.1 billion from Nike co-founder Phil Knight and his wife, Penny — one of the largest gifts ever pledged to a U.S. healthcare institution — to build Oregon's first women's hospital and expand cardiovascular services. The funds, directed to Portland's Providence St. Vincent Medical Center and Providence Heart Institute, build on the Knights' prior $200 million gift to the heart institute.
Providence announces $1.1 billion pledge from Phil and Penny Knight
The donation will fund a new women’s hospital and cardiovascular care. It's part of the Knights' history of funding health research and hospitals in Oregon, including $200 million in previous gifts to Providence's Heart Institute and a recent $2 billion pledge to OHSU.
The AI Race Is Moving Too Fast, Its Leaders Warn. Will Anyone Slow Down?
The race to build more powerful AI systems has been moving at breakneck speed. Billions are being spent, new models are arriving every few months, and the biggest AI companies are competing to stay ahead. But now, some of the people leading that race are saying it may be time to slow things down. Anthropic […]
Roundup: Tariff cuts / Frymaster / Diesel breaks $6
One-year truce: The U.S. and China are discussing targeted tariff cuts on American energy and agricultural products, as well as Chinese manufacturing inputs, potentially helping extend the countries’ one-year trade truce. The talks could produce a limited agreement covering roughly $30 billion in trade, with agriculture playing a key role as China continues purchases of […]
Only 46% of Gen Z, Millennial health plan members trust payers: Accenture survey
Member trust in insurers is on the decline among Gen Z and Millennials, down 10.5% between 2023 and 2026, new research from Accenture found. | This trust gap, according to analysts, could cost $3 billion in future member lifetime value for the largest commercial payers over the next decade.
Supermassive black hole winds are 100 times more powerful than scientists thought
Astronomers have discovered that winds from a supermassive black hole are about 100 times more powerful than previously thought. XRISM observations showed the resulting turbulence spreading roughly 300,000 light-years, extending far beyond the black hole’s host galaxy. The energy involved rivals several billion supernova explosions, revealing just how dramatically black holes can influence the space around them.
ALTANFEETHI Expands Business, Targets SAR 4.2 Billion Market Value
Expands BusinessRIYADH, SA / ACCESS Newswire / September 15, 2026 / has posted rapid growth over the past five years, expanding from operating terminals into a full travel and hospitality ecosystem built on a heritage dating back to 1979, the company said, as it targets a market value of about 4.Since launching a new growth phase in 2021, the company has focused on building a more diversified and sustainable business model, centred on raising operational efficiency, diversifying revenue sources,
Venus had a moon for nearly 2 billion years, scientists say
Venus had a moon a long time ago, scientists in the US and France say. It likely survived for nearly 2 billion years until Venus’ gravity tore it apart.
Southern Indiana riverfront project risks losing $6.5M in state funding
Indiana officials may pull $6.5 million from the Jeffboat redevelopment if the $1 billion Jeffersonville project fails to show progress by mid-November.
Political donors could face tougher residency rules
It comes after Reform received donations totalling £72m from two British crypto-billionaires who have both recently lived abroad.
Oak Global aiming to become $1 billion-plus business in 2027
Oak Global is aiming to pass $1 billion in gross written premiums in 2027, CEO Cathal Carr told The Insurer at this year's Rendez-Vous in Monte Carlo.
Gates Foundation bets $1B on AI to boost global health, agriculture and education
The Gates Foundation is committing at least $1 billion over the next two years to AI tools for health workers, farmers and teachers. CEO Mark Suzman told GeekWire he expects the figure to grow, but said AI efficiencies cannot make up for the billions governments have cut from global health.
Macklemore says he's off Ed Sheeran tour after Robert Kraft pressure
Macklemore said he's off Ed Sheeran's tour after pressure from billionaire Robert Kraft over comments the rapper made onstage.
How politics have mixed into college football programming ahead of midterms
Sen. Ted Cruz, the Power Four football conferences and top coaches are pushing a new bill that some athletes say would upend college sports. And ahead of the midterms, billions of dollars are being spent on political ads, including during sports programming. NBC News' Ryan Chandler reports on how Saturdays are starting to look more like an Election Day.
Bellevue startup Temporal sees valuation jump to $12.6 billion with latest funding round
Temporal, the Bellevue app development startup, raised $550 million at a $12.55 billion valuation, doubling its worth since February.
Travis County set to decide if Central Health can raise taxes to support mental health initiatives
County commissioners must give their stamp of approval to a $1 billion budget for the local public hospital district before it can take effect.
Please Stop Conflating Sports Betting Handle With Spending On Entertainment
Editor’s note: The Cashout for paid subscribers will publish on Tuesday. Every September there’s a huge uptick in how much people bet on sports with the start of football season. Which means it’s time to get ahead of a ridiculous narrative before it picks up steam on social media or in mainstream media. Subscribe Every few months I see some version of this: [ Charlie Bilello@charliebilello Americans bet over $165 billion on sports last year, which is more than they spent on movies, books, concerts and sports tickets - combined. 1:00 PM · Jun 28, 2026 · 4.1M Views 258 Replies · 674 Reposts · 4.23K Likes ](https://x.com/charliebilello/status/2071217050328895935?s=20) Fortune published this in July. The headline and start of the story tell the same narrative (emphasis added): Gambling becomes America’s favorite pastime as Americans spend more on sports bets than movies, arts, museums, and music combined: The North American box office totaled $8.87 billion in 2025, which is still 22% below pre-pandemic levels. Recorded music revenue hit a record $11.5 billion. Live music like concerts and festivals brought in $18.51 billion. Meanwhile, book publishers tracked by the Association of American Publishers reported $14.6 billion for the year. And the U.S. museum industry generated an estimated $16.4 billion. Add it up and the total comes to roughly $70 billion, which is less than half what Americans wagered on sports. The story, to its credit, goes on to tell us why sports betting is entirely different, although people who only read headlines will miss that nuance. (The tweet above definitely skips over the nuance.) I will mostly be preaching to the choir here, but it’s worth saying out loud: Wagering money on sports is not the same thing as spending on entertainment from a financial perspective. When you spend money on a movie or concert ticket, that money is gone. You exchanged money for an experience. It’s a good trade! I get to have fun for “x” dollars. (Unless the movie sucks, I guess.) When you bet money on sports, the money is not necessarily gone every time you wager it. It could be gone, but sometimes it’s not and you actually get more money back! That’s not “spending” money or something you should try to compare directly to entertainment spend. A far better comp would be how much people lose at sports betting. That number was more like $17 billion in the US last year, at least for state-regulated sportsbooks. Why are we trying to equate handle and entertainment spending? I dunno. It makes for splashy headlines, I guess. Now, people should be betting for entertainment, and not because they expect to win in the long term; no doubt about it. Anyway, here’s hoping I don’t see people saying Americans “spent” hundreds of millions of dollars on sports betting this fall. Mindway AI and DraftKings Expand Responsible Gaming Drive with Launch of Gamalyze American Football In time for the NFL kickoff, Mindway AI has expanded its partnership with DraftKings to launch Gamalyze American Football the second title in the neuroscience-based Gamalyze Sports collection. Following the success of Gamalyze Football (soccer) during the FIFA World Cup, this gridiron-themed update replaces static questionnaires with immersive, stadium-inspired gameplay. Backed by 10+ years of Aarhus University research, Gamalyze evaluates real-time decision-making to deliver instant, unbiased player risk assessments. Integrated into DraftKings’ platform and nationwide activations, it engages fans when excitement peaks. Ready to upgrade your player protection? Contact Mindway AI to try Gamalyze Sports today. Gambling news roundup 🚨The important stuff 1st NFL Sunday of Season ‘Champagne-Popping Day for Bettors’ (Covers): “The first NFL Sunday of the season was a champagne-popping day for bettors, while the book was left cleaning up the corks,” Caesars’ head of football Joey Feazel said prior to the Sunday night game. “Caesars Sportsbook reported that Detroit’s Jahmyr Gibbs, Baltimore’s Derrick Henry, Indianapolis’ Jonathan Taylor, and Atlanta’s Bijan Robinson were among the top five most-bet players to reach the end zone, and all of them cashed tickets.” [ Ben Fawkes@BFawkes22 A @CaesarsSports oddsmaker on how Week 1 has gone so far: “The first NFL Sunday of the season was a champagne-popping day for bettors, while the book was left cleaning up the corks.” ➡️8 of 10 most popular anytime TD scorers cashed 1:31 AM · Sep 14, 2026 · 276K Views 16 Replies · 16 Reposts · 615 Likes ](https://x.com/BFawkes22/status/2099310001927995849?s=20) 🔍 Are we already getting a “customer-friendly results” narrative in Week 1? NFL Commissioner Roger Goodell spoke with CNBC about the prediction markets industry: “We think that there needs to be stronger regulations into the predictive markets,” Goodell said. “We want to see that to protect the integrity of our game. We want to make sure we’re protecting the consumers that are on those platforms for the NFL. So, we’re continuing to have conversations with them and talk to them about the things that we think they need to do to strengthen that so that they could be potential partners at some point in the future.” More on the NFL + PMs: [ Straight to the Point Quid Pro Quo The NFL has asked Kalshi and other prediction markets to remove certain easy to manipulate markets. Does a potential partnership hang in the balance… Read more 6 hours ago · 19 likes · Steve Ruddock ](https://straighttothepoint.substack.com/p/quid-pro-quo?utm_source=substack&utm_campaign=post_embed&utm_medium=web&embedding_publication_id=1472492) Kalshi was on my podcast?: Kalshi was on my podcast [ The Event Horizon Episode 32: Talking Prediction Market Enforcement With Kalshi’s Robert DeNault Kalshi? On my podcast? Yep… Listen now 5 hours ago · 6 likes · 1 comment · Dustin Gouker ](https://nexteventhorizon.substack.com/p/episode-32-talking-prediction-market-enforcement-kalshi?utm_source=substack&utm_campaign=post_embed&utm_medium=web&embedding_publication_id=1472492) DraftKings Enhances Responsible Engagement Efforts With New Customer Initiatives, Tools and Education (press release): DraftKings Inc. today announced a series of new initiatives designed to promote responsible engagement and increase awareness and use of the tools and resources to help customers make informed decisions and engage responsibly. The efforts include a new digital advertising campaign featuring Kevin Hart and Nick Jonas that promotes responsible engagement, a PGA TOUR sweepstakes that promotes customer engagement with responsible engagement features, the launch of Gamalyze American Football in collaboration with Mindway AI, and new custom cool-off options that give customers enhanced flexibility when choosing a cool-off period. The initiatives build on DraftKings’ commitment to making responsible engagement an integral part of the customer experience and providing players with accessible tools and resources that help them make informed choices about their gaming experience. “At DraftKings, responsible engagement is embedded in how we operate and is essential to building trust with our customers and our long-term sustainability,” said Lori Kalani, Chief Responsible Gaming Officer at DraftKings. “We’ve continued to invest in tools and resources that give customers enhanced access to information about their play and more choices for managing how they engage. From My Budget Builder and My Stat Sheet to player-set limits and new custom cool-offs, we’re continuing to evolve our approach while promoting awareness and use of the tools and resources available to help customers play responsibly.” … DraftKings is launching a new digital advertising campaign featuring Kevin Hart and Nick Jonas that continues the pair’s road trip and promotes responsible engagement and awareness of the tools and resources available to help customers make informed choices about their gaming experience and engage responsibly. The campaign was initially launched on Sep. 10th and will reach customers through digital channels, bringing responsible engagement messaging to fans in an engaging way. bet365 Launches “The Matchup,” a New Weekly Video Podcast Hosted by Super Bowl Champions Chris Harris Jr. and Emmanuel Sanders (press release): "bet365, a global leader in online sports betting and gaming, today announced the launch of “The Matchup,” a new weekly video podcast hosted by former Super Bowl Champions Chris Harris Jr. and Emmanuel Sanders. Featuring current and former NFL players, the original series marks a significant, intentional investment in football as bet365 works to become a go-to destination for U.S. bettors throughout the season. “The Matchup” premieres September 10, with new episodes released weekly in both video and audio formats. Full episodes will be available on YouTube, Apple Podcasts, Spotify and wherever podcasts are available, with clips and additional content rolling out across YouTube, X, Instagram, Facebook, Threads, and TikTok. The show is being produced by Last Row Digital Media. Each week, Harris and Sanders will be joined by guests from across the game to break down the biggest NFL matchups, unpack the latest league news and share perspectives that go beyond the box score. By bringing together two former players with distinct perspectives and firsthand experience, “The Matchup” will give audiences timely context and a deeper understanding of the teams, players and storylines shaping the week ahead. “Every great football conversation starts with a matchup—who has the edge, what everyone is overlooking and what could change the game,” said Chris Harris Jr. “Emmanuel and I have experienced the game from different perspectives, and we want the audience to feel like they are part of the conversation and leave every episode knowing more about the week ahead.” Today’s iGaming companies face new litigation threats as expansive consumer protection statutes spark lawsuits with sky’s-the-limit aspirations, sometimes backed by private funders. Clients of Ifrah Law have a staunch defender in Robert Ward – an agile litigator and case tactician who responds to the changing state of play with creative legal defenses and efficient case-closing strategies. Robert draws on federal clerkship experience and appellate defense work to advise iGaming clients on litigation exposure, white-collar risk, and regulatory defense across multiple jurisdictions. Read More: Robert Ward on Helping iGaming Clients Outmaneuver Lawsuit-Obsessed Adversaries 🔮 Prediction markets Update on legal action in Connecticut: [ Daniel Wallach@WALLACHLEGAL Connecticut says gaming service license holders which received subpoenas over sports prediction markets “are not under investigation” by the @CTDCP but may possess information that could assist the state “in evaluating the conduct of prediction market platforms.” 2:31 PM · Sep 13, 2026 · 844 Views 5 Likes ](https://x.com/WALLACHLEGAL/status/2099143914271670576?s=20) American Gaming Association Opposes CFTC Bid to Block New York Prediction-Market Enforcement (DeFi Rate): “The brief points to the Ninth Circuit’s Aug. 28 decision in KalshiEX LLC v. Assad, which the AGA says supports New York’s authority to regulate sports contracts as gambling. It also cites Kalshi advertising, product comparisons and reporting on Kalshi’s sports volume to argue that the economic product resembles a sportsbook wager more than a conventional financial hedge.” [ Daniel Wallach@WALLACHLEGAL AGA intervenes in CFTC v. NY case to oppose CFTC request for preliminary injunction, says the CFTC’s arguments “obfuscate a simple truth: prediction markets offer sports betting.” Highlights CA9 decision, @DustinGouker (6x), and $1.32 billion in OSB taxes for NY (0 from PMs). Daniel Wallach @WALLACHLEGAL High stakes hearing on Monday in CFTC v. New York State. If SDNY judge Lorna Schofield denies the CFTC’s motion for preliminary injunction, the New York AG would have a clearer path for securing a state court geofencing order against Kalshi, Coinbase, and Gemini Titan. 2:08 AM · Sep 13, 2026 · 4.78K Views 1 Reply · 2 Reposts · 8 Likes ](https://x.com/WALLACHLEGAL/status/2098957043474280584?s=20) Gaming Commission remains member of gambling council after questions raised over ties to Kalshi (Mass Live): “The Massachusetts Gaming Commission will not follow the leads of gaming regulators in Ohio and Michigan and drop ties with the National Council on Problem Gambling over its new association with Kalshi.” Sponsor’s messageTrusted Voices: Conversations About Betting is designed to equip adults, including parents and coaches, with tools and resources to talk to young people about gambling, including information on warning signs, risks and proxy betting. The program is led by retired professional basketball player Randy Livingston and his wife, basketball agent Anita Smith, who share their personal stories related to problem gambling, with the hope of preventing others from experiencing similar harms. Learn more and join the conversation here. 📣 Industry news Gaming M&A: Latest Mergers, Acquisitions and Deals (SBC Americas): “But what else is happening in the world of gaming mergers, acquisitions, investments, and partnerships? Here, we round up some of the news you might have missed.” BetMGM Named Official Sports Betting and Online Casino Partner of the Minnesota Vikings in Canada (press release): BetMGM, a leading iGaming and sports betting operator, announced a multi-year partnership with the Minnesota Vikings, naming it the Official Sports Betting Partner and Online Casino Partner of the team in Canada. The agreement gives BetMGM rights to use Vikings marks across approved sports betting, online casino and marketing activities in Canada. In addition, Vikings Big Kick LuckyTap™, a casino game by Design Works Gaming, is available now exclusively at BetMGM Casino in Alberta and Ontario. “Vikings fans bring a level of passion and loyalty that extends well beyond game day,” said Matt Prevost, Chief Revenue Officer at BetMGM. “As the home of one of the largest collections of sports-themed casino content in North America, BetMGM is uniquely positioned to combine sports fandom with iGaming. We are eager to start football season off strong with another fantastic partnership especially as we expand our reach in Canada to Alberta.” Martin Nance, Minnesota Vikings Chief Marketing Officer, said, “As we continue to deepen our connection with Vikings fans across Canada, we’re proud to welcome BetMGM as the team’s official sports betting and online casino partner in Canada. Their commitment to innovation and fan engagement aligns well with our organization, and we’re excited to create memorable experiences that celebrate Vikings football and connect with Canadian fans in new and meaningful ways.” Caesars Entertainment Launches Ball Rush Jackpots™ in New Jersey,the Latest Proprietary Online Title from Empire Creative™ (press release): Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the launch of Ball Rush Jackpots™, a new ball-and-peg style online casino game developed by Empire Creative™, the Company’s in-house game development studio. Now live in New Jersey across Caesars Palace Online Casino, Caesars Sportsbook & Casino and Horseshoe Online Casino, Ball Rush Jackpots is expected to become available in additional jurisdictions where Caesars offers online casino gaming following regulatory approval. The title expands Caesars’ growing portfolio of proprietary online casino titles, following the successful launch of Ca$hline™ earlier this year and further diversifying the Company’s lineup beyond traditional slots and table games. Ball Rush Jackpots follows the traditional ball-drop gameplay experience where players drop a ball down a board filled with pegs to land in a prize slot. As balls navigate independently through a field of pegs, every drop creates new opportunities to collect feature symbols, unlock bonuses and pursue jackpots, delivering a different experience with every round. “Ball Rush Jackpots delivers a different kind of casino experience for our players, combining easy-to-understand gameplay with meaningful customization, exciting bonus opportunities and jackpot potential,” said Matthew Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital. “As we continue expanding our proprietary content portfolio, we’re focused on creating games that are simple to pick up, rewarding to revisit and designed around the features players enjoy most.” Bally’s Corporation Secures New Financing to Support the Development of the Bally’s Bronx Project (press release): Bally’s Corporation (NYSE: BALY) (“Bally’s” or the “Company”) announced today that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally’s Bronx project and general corporate purposes. The new financing comprises closing date term loan commitments in an aggregate principal amount of $400 million and delayed draw term loan commitments in an aggregate principal amount of $160 million (together, the “Facilities”). … Bally’s Chairman of the Board, Soo Kim, commented, “This important financing allows us to progress the pre-construction planning process so that we are ready to complete the remainder of the capital raise and remain on schedule. Furthermore, the additional liquidity provides us greater flexibility for other capital opportunities.” WORLD JAI ALAI LEAGUE LAUNCHES CENTENNIAL SEASON AND ENTERS NEXT CHAPTER IN MIAMI (press release): The World Jai Alai League will open its 2026 fall season on Tuesday, September 15 at Miami’s JAM Arena, beginning a milestone season that marks 100 years since professional Jai Alai first arrived in Miami. Season X, the tenth season of the Battle Court team-based competition launched in 2022, will also be the first since entrepreneur and sports asset investor Rob Gough acquired the World Jai Alai League in August 2026. The acquisition marks the beginning of a new chapter for the league. World Jai Alai League will maintain the existing Battle Court competition and operating format, with Chief Operating Officer Scott Savin overseeing Season X. Gough and his team will use the coming months to listen to players and fans, evaluate opportunities across the league, and execute plans for a broader evolution of Jai Alai’s presentation, live experience, media, marketing and commercial strategy beginning in 2027. “This is a really unique moment for Jai Alai,” said Rob Gough, Owner of the World Jai Alai League. “We have a sport with more than 100 years of history in Miami, extraordinary athletes and incredible speed, but I also believe there is enormous untapped potential.” bet365 reveals most popular online slots in 3 US states in August (SBC Americas): “In its monthly Gaming Insights and Performance report, growing online casino operator bet365 tracks player trends and game performance in online slots across its North American online casino markets.” The Closing Line is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
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