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Rosholt fourth-graders kick off yearlong NASA science program
Over the coming months, students will work in small groups called Crews to take surface temperature readings.
Can taking dead military satellites out of orbit become a business?
Can taking dead military satellites out of orbit become a business?
Inside the iPhone Duo and 18 Pro Cooling System: Apple Engineers Reveal a Simple Trick
In an exclusive interview with PCMag, Apple’s silicon and thermal teams explain the engineering that lets the A20 Pro chip run hotter and faster without cooking your phone.
Amid PlayStation 5 Pro Shortages, Sony Implements Lottery System Based on Playtime
No one is exempt from the global DRAM shortage, and today Sony confirmed there might be a way for enthusiastic gamers to purchase the PlayStation 5 Pro console at MSRP. In Japan, Sony is running a lottery system that explicitly allows gamers with 60 hours of playtime to purchase the console....
Baubles & Brews brings women-owned businesses together in Pottsville
Candles, pottery, books, and skincare filled tables at Arrow Studio & Events on Saturday as 23 small businesses came together for Baubles & Brews, a fall market centered on women entrepreneurs and the community they have built. For…
Business owners call for boycott of lottery sales in response to the removal of skill games
Banana Ball returning to Las Vegas Ballpark in March 2027
Banana Ball returns to Las Vegas Ballpark March 18-20, 2027, general admission lottery closes Oct. 31, 2026.
UChicago scientists discover semi-aquatic Jurassic-era otter that could chew and swallow
Current NFL HC Emerges as Potential Lions DC
The Detroit Lions have not even fired their defensive coordinator, Kelvin Sheppard, and there are already ties and potential dots connecting to who the next coordinator is. While Tampa Bay Buccaneers head coach Todd Bowles is currently employed as well, his seat is as hot, if not hotter, than Sheppard.So, with Bowles needing a job […] The post Current NFL HC Emerges as Potential Lions DC appeared first on HEAVY.
Dealroom.co | Life Science Connect buys PharmaSource and CDMO Live from Life Science Networks
What's the deal? In June 2026, Life Science Connect, the US-base…
‘Most magical place’: How Dublin Influences This Mother-Daughter Business: Business NH Magazine
Today, Webber and her daughter, Kate Webber, operate The Gratitude Farm, a Dublin-based studio and business that combines Donni’s nature-inspired pottery with Kate’s landscape paintings.
Dealroom.co | Parkview Health to acquire Ovation Healthcare in rural care push
What's the deal? Parkview Health has signed an agreement to acqu…
As prior auth becomes an AI ‘arms race,’ Otter Health raises $8M for a different approach
Prior authorization has long been a source of friction between payers and providers, and now, with algorithmic tools for claims reviews and LLMs for appeals, it's evolved into an AI "arms race" as | The company built an AI-powered real-time clinical quality platform to better manage healthcare utilization by influencing care decisions rather than requiring clinicians to get permission for them.
Yaya Diaby, Josiah Trotter, Chris Godwin return to practice
Some Bucs starters who had previously missed practice are trending in the right direction. Outside linebacker Yaya Diaby (calf/shoulder), rookie linebacker Josiah Trotter (shoulder), receiver Chris Godwin Jr.
iPhone Duo Accessories Roundup: Cases and Screen Protectors From OtterBox, ZAGG, and More
iPhone Duo will start arriving to pre-order customers this Friday, and in anticipation of the launch we've gathered all of the best cases and screen protectors you can get for your new iPhone Duo. This includes accessories from popular brands like OtterBox, Speck, ZAGG/Mophie, and more. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.
Archaeologists uncover centuries-old mystery of Tampa Bay’s secret community of migrant potters
Key Points Archaeologists have debated for decades over how Mississippian-style pottery ended up in Tampa Bay, an area long left off of maps showing the Mississippian culture stretching across the Southeast and into northern Florida starting a thousand years ago. Trevor Duke, a doctoral stud
Cape Pottery Trail Returns Sept. 25-27
The 2nd Annual Cape Cod Pottery Trail returns September 25–27, inviting art lovers, collectors, curious visitors, and pottery enthusiasts to explore the studios of some of the Upper Cape’s most
New evidence shows that you are only slightly hotter than a T. rex
These cold-blooded killers were probably as warm-blooded as mammals, according to new research.
Gov. Braun Makes Appointments to Various Boards and Commissions
Gov. Mike Braun announced new appointments to various state boards and commissions. Appointments: Indiana Lottery Commission Brandon Clifton Appointment: Term expires …
Buccaneers HC Bowles Praises Josiah Trotter’s Debut, ‘Childlike Nature’
Todd Bowles raved about rookie Josiah Trotter's historic debut against the Cincinnati Bengals, praising both his play and joyful, "childlike nature" on the field.
Who Needs to Step Up Without Buccaneers' Top Rookies?
The Tampa Bay Buccaneers will be without Josiah Trotter and Rueben Bain Jr. in Sunday's pivotal home matchup. With these rookies sidelined, who will pick up the slack for head coach Todd Bowles' unit.
Handcrafted art helps fight hunger
Buy a soup bowl to help combat local hunger, visit a new spot to make pottery, and stock up on some holiday gifts when Rainbow Springs Art in Dunnellon opens
Schlotterbeck not listed in Germany's squad for match against Greece
Defender Nico Schlotterbeck will not play Germany's Nations League match against Greece on Sunday evening, according to the squad list published by UEFA ahead of the game. Coach Jürgen Klopp had to remove one player from his 24-man roster as regulations allow for only 20 field players and three goalkeepers.
J.K. Rowling doc to explore 'Harry Potter' author's career, politics
The BBC is developing a two-part documentary about J.K. Rowling that explores the "Harry Potter" author's life, career and polarizing politics.
Dealroom.co | Four entertainment giants take stakes in Japan's Flag
What's the deal? Japanese entertainment marketing firm Flag has…
Chicago Bulls Sign Former Pelicans Guard Jordan Hawkins to Two-Way Deal
The Bulls have filled their third and final two-way contract slot with a former lottery pick.
Dealroom.co | Kompanion raises €800K seed to build AI business-management platform
What's the deal? Catalan startup Kompanion has raised €800,000 i…
Bucs Rookie LB Trotter Continues Hot Start to NFL Career
The Tampa Bay Buccaneers have quickly found their top linebacker of the future in Josiah Trotter, who has arguably been the best player on the team through two weeks.
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.
God Packs are Officially Coming to Magic: The Gathering
Magic: The Gathering booster packs have gone through a lot of changes in the last decade, some of which have been awful. But Wizards of the Coast are introducing 'God Packs' to MTG, which could feel like winning the lottery.
Dealroom.co | Ande raises $52M Series A to manage corporate entertainment spend
What's the deal? Ande, an AI-native network for corporate entert…
Forma brings a community pottery studio to Napa
Step inside Forma, a new pottery studio at 100 Coombs St. in Napa.
Dealroom.co | Europe's AI-and-Science Edge: Raffi Kamber on Turning Labs into Companies
Key takeaways from Scaling Europe interview with Singular co-fou…
Harlem Globetrotters coming to Cleveland this December
The Harlem Globetrotters have announced they are bringing their Rivalry Tour to Cleveland later this year.
Closer Look At OKC's Young Players: Aday Mara
Towering over the paint with elite rim protection and surprising playmaking vision, this lottery pick offers a unique defensive anchor for Oklahoma City’s championship-caliber rotation.
Erie County Department of Health reports potential diphtheria exposure in West Seneca schools
BUFFALO, N.Y. (WIVB) — The Erie County Department of Health has confirmed a travel-related case of bacterial illness diphtheria, with schools in the West Seneca Central School District being identified as potential exposure sites. According to the district, notifications have been sent to families at Clinton Primary, Northwood Elementary, Winchester-Potters Elementary & East Middle School. […]
Mystery dinner in Whitesboro to benefit cancer patients
The Joseph Michael Chubbuck Foundation will host a Harry Potter-inspired mystery dinner Oct. 23 at Hart's Hill Inn to benefit cancer patients in financial need.
Real Madrid, Barcelona and Liverpool still tracking Dortmund star
Nico Schlotterbeck was heavily linked with a move away from Borussia Dortmund earlier this year.He eventually signed a new contract with BVB until 2031, but that did little to end the speculation, wit...
Dealroom.co | The algorithm of love: Match Group's CEO on the new science of dating
Key takeaways from the In Good Company podcast hosted by Nicolai…
The Otters are headed to the championship series
EVANSVILLE, Ind. (WEHT) – It took all five games, but the Otters finally moved past the Washington Wild Things and win the conference finals three games to two. Sunday was a must win for the Evansville and they won it 9-6. Logan Brown started things with a solo shot in the 2nd and then the […]
Dealroom.co | RegCell raises $44M Series A to move Nobel-winning Treg science to the clinic
What's the deal? RegCell, an Emeryville, California biotech co-f…
Grizzlies' Most Realistic 2026-27 Outcome Could Be Ideal
The Grizzlies may hover around the Western Conference play-in race in 2026-27, an outcome that could balance development with favorable lottery positioning.
Looking at the Ugly Side of the Paramount-Skydance Merger...And How I’d Fix It
A Message from Our Sponsor Certified Fresh with 100% on Rotten Tomatoes, FX’s Adults is an ensemble comedy series about a group of twenty-somethings in New York leaning on each other to navigate love, work, friendship and family. Don’t sleep on “The Sitcom of the Moment” - Awards Buzz All Episodes now streaming on Hulu on Disney+. Watch The Teaser Trailer... (Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industr(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Before we dive in, I wanted to congratulate Broadcast Now for being the first to report that Netflix’s How to Get to Heaven from Belfast has been cancelled. (I saw this in a write-up by Kasey Moore of Whats-On-Netflix.) More importantly, I wanted to note that, as of yesterday, none of the other trades had reported the news yet. I have half a guess that eventually one of them will report this. Anyways, it’s time to take a break from my deluge of streaming ratings reports to continue my analysis of the Paramount Skydance Warner Bros. Discovery (PSWbD) saga. As I noted last week, a lot of times when folks use the (sometimes cliched) “the good, the bad and the ugly” framing for an article, “the ugly” section is just more bad. Or very, very bad. In this case, yeah, I do think it’s ugly. In more than one way. Unfortunately, we’re only going to have time to tackle one of those ways today: the ugly pile of debt to finance this deal. (In a future article, I may cover the entire process for how it went down, which was very, very ugly.) Last issue, I explained why I liked this deal in a vacuum. Unfortunately, “vacuums” don’t exist outside of space. Let’s dive in. Subscribe Most Important Story of the Week - The Ugliness of the Paramount/Warner Bros. Merger More than one person sent me a note speculating that the big problem with Paramount Skydance buying Warner Bros. Discovery is the “Warner Bros.” portion of the deal. In fact, that’s a take I read a lot about Warner Bros., ever since they caught Netflix’s, and then Paramount-Skydance’s, eye. In short, multiple companies (Time, AOL, AT&T, Discovery) have bought and then regretted buying Warner Bros. Since it’s nearing Halloween, you could almost say it’s like the folks think WB is cursed! It’s a haunted studio—like the town of Derry in movie studio form—and whoever takes possession of it will fall into misery! Yet...I just don’t like that story, because it doesn’t explain the “why” behind why those deals fell through. Especially when Warner Bros. has continued to succeed as a TV and film studio in the intervening two decades. Lord of the Rings? Harry Potter? Game of Thrones? Everything HBO? Considering it never fully owned a broadcast TV channel, this media company has done pretty well. So what went wrong? Well, in recent years, companies bought Warner Bros. instead of the other, smarter option. Explaining POCD (And Applying It to Mergers & Acquisitions) As I explained last issue, one of my favorite frameworks is the POCD tool for evaluating venture capital investments: People Opportunity Context Deal The bar to invest as a VC is high. (Or I might say “was” since cheap interest rates made life easier last decade.) You review a thousand prospectuses, get pitched by a hundred, and invest in the ten best, with the hopes that one of those ten would pay for the rest. That means every element of a deal needed to pay off: you needed the right people running the companies, who could capitalize on the right opportunity, in the context of an industry that was ripe for disruption. If you could then not overpay, you could make some money in a smart deal. The analogy isn’t perfect here, but close enough. For a merger or acquisition to work, you need the combined company (which is the opportunity) to make more than the price you need to pay (which is the deal). Note: the people and context still matter, but with M&A, it’s a little more straightforward: does the opportunity exceed the cost? And usually with Warner Bros., it hasn’t. If you want to find out the single biggest mistake made by the Warner Bros. suitors over the last few years (and my simple fix) become a paid subscriber. I’ll also touch on who I think Paramount-Skydance could (shockingly) consider buying next, TBD, and more. Sign up here.
Bucs LB Trotter Full Participant at Practice, Playing Week 4
With Josiah Trotter coming back, the Tampa Bay Buccaneers do get a boost on the defensive side of the football. But, with multiple starters sidelined, it will take a full team effort to pick up a victory.
Harlem Globetrotters to return to Dignity Health Arena
BAKERSFIELD, Calif. (KGET) — The Harlem Globetrotters are set to return to Bakersfield on their Rivalry Tour at the Dignity Health Arena in February. There will be new tiers of premium access for fans to purchase as well as new rivals and challenges, according to organizers. Tickets will go on sale at axs.com on Oct. […]
CeramiCafe will expand its paint-your-own pottery business to Bend
BEND, Ore. (KTVZ) -- Are you looking for a creative way to spend time with family and friends Happening next, a new paint-your-own pottery business is coming to Bend! CeramiCafe, which started in Clackamas back in 2002, is expanding to Central Oregon. The business made the announcement on social media, saying plans are in the
Brentford 3-0 Chelsea
Campbell: Fantastic win; Damsgaard outstanding, Keane Lewis-Potter was also very good. Took on and beat Chelsea in midfield and never reverted to a low block; a clear sign of the development of the team under Andrews. Brilliant game and evening if you're a Brentford fan and I hope we see more.
Bucs LB Trotter Graded Top 5 Rookie in NFL
Although the Tampa Bay Buccaneers' season has been very disappointing, rookie linebacker Josiah Trotter has been one of the best players at his position league-wide.
Why Kit Harington says ‘Harry Potter’ series is ‘great idea’ despite backlash
Kit Harington is opening up about his decision to join HBO’s ‘Harry Potter’ series amid a fraught time for the franchise.
Bucs’ Josiah Trotter questionable for Steelers game with knee injury
Bucs rookie linebacker Josiah Trotter was limited in practice Friday with a knee injury and is listed as questionable for Sunday’s game against the Steelers. Trotter ranks first on the club in tackles (41) and passer rating allowed (66.
Dealroom.co | Terra Behavioral Health makes first acquisition, buying California's Latitude Recovery
What's the deal? Temecula, California-based Terra Behavioral Hea…
100,000 Square Foot Expansion Breaks Ground at Liberty Science Center
One of the Garden State’s most prominent museums will be getting an otter habitat, goat playground, physics-themed mini golf, and more as part of a $40 million revamp.
Gudmundsson selected for Sweden’s September/October fixtures
Leeds United defender Gabriel Gudmundsson has been named in Graham Potter’s Sweden squad for the upcoming September/October international break.The 27-year-old, who was born in Malmö, has won 28 ca...
The September Pixel Drop improves the VIP contacts widget, adds Harry Potter themes
Audible just released Harry Potter: The Full-Cast Audio Editions audiobooks and Google is offering a free two-month trial to eligible users.
George Kittle weighs in on 49ers’ surprising early success
San Francisco 49ers tight end George Kittle weighs in on the team's early success.It’s only been about three weeks into the NFL season, and no team might be hotter than...
Dealroom.co | Anthropic pours A$10M more into Australian science, lifting total to A$13M
What's the deal? Anthropic is adding A$10 million in Claude API…
Report: Arizona men’s basketball roster spending trails top programs
Arizona men’s basketball’s budget for building a Final Four-caliber team is significant, but the UA is far from one of the top spenders in the sport, according to a new report on roster spending. Arizona will spend approximately $15-17.5 million on its men’s basketball roster, CBS Sports’ Matt Norlander and Isaac Trotter reported this week. […]
Harry Potter and the British business of international schools
Nord Anglia, Cognita, Inspired Education and other private equity-backed groups are profiting from history and rising global demand
Girls organise science research programme to grow interest in STEM among S’pore female students
SINGAPORE – From finding out about the effects of food-waste antioxidants on repeatedly heated hawker-centre cooking oil, to observing the routine of otters in Singapore, 66 girls put their research s...
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.
Germany's Nations League squads
Germany coach Jürgen Klopp has announced two squads for his first four matches in charge in the Nations League. Squad one for the games in the Netherlands on September 24 and against Greece on September 27: Goalkeepers: Finn Dahmen (Augsburg), Alexander Nübel (Besiktas), Marc-André ter Stegen (Ajax) Defenders: Hennes Behrens (Augsburg), Yann Aurel Bisseck (Inter Milan), Nathaniel Brown (Bayern Munich), Max Rosenfelder (Freiburg), Nico Schlotterbeck (Borussia Dortmund), Jonathan Tah (Bayern Munic
“Harry Potter” star Bonnie Wright announces birth of second child
She also shares a son, Elio Ocean, with husband Andrew Lococo.
Dealroom.co | Earth Science Tech buys California pharmacy, expands to 34 US jurisdictions
What's the deal? Earth Science Tech (OTC: ETST) has acquired Med…
Casio's new ultra-limited MRG-D5000 fuses titanium and solid sapphire, but costs more than 10 Grand Seikos
Casio has officially launched the MRG-D5000, its first sapphire MR-G, at 11 million yen including tax, which is about $69,520 — that's equivalent to 10.3 Grand Seiko Snowflakes. Only 20 will be made worldwide, sold by lottery in Japan from December, and the bezel is cut entirely from blue sapphire.
Bucs Rookie LB Trotter Continues Hot Start to NFL Career
The Tampa Bay Buccaneers have quickly found their top linebacker of the future in Josiah Trotter, who has arguably been the best player on the team through two weeks.
Nico Schlotterbeck suffers fresh injury during Germany training
Ahead of Germany’s UEFA Nations League game against Serbia, Borussia Dortmund’s Nico Schlotterbeck went down with an injury during training, according to Sky Germany. The central defender was seen...
Dealroom.co | Trinity Hunt Partners: Dallas private equity firm building business and consumer services platforms
What's the deal?Trinity Hunt Partners is a growth-oriented priva…
'Harry Potter' TV series casts Moaning Myrtle and more key roles
The "Harry Potter" TV show is opening "The Chamber of Secrets." The upcoming HBO adaptation has cast three more roles for Season 2, which will be based on the second
Jaffrey couple cut energy costs with NHSaves
Evan Clements and Precia Harthcock of Jaffrey love their 1926 home, but they acknowledge the drawbacks of houses built in that era. The room that is now their sitting room, for example, was once a porch that had been enclosed and is noticeably colder than other parts of the house. The second floor was much hotter than the first floor, and their kitchen was drafty.
'An unworldly experience.' Why scientists flew into firestorm clouds this wildfire season
As wildfires grow bigger and hotter in many parts of the world, researchers have embarked on an airborne mission to learn more about the severe storm clouds that sometimes form over the most intense blazes.
Who Needs to Step Up Without Buccaneers' Top Rookies?
The Tampa Bay Buccaneers will be without Josiah Trotter and Rueben Bain Jr. in Sunday's pivotal home matchup. With these rookies sidelined, who will pick up the slack for head coach Todd Bowles' unit.
Germany’s Nico Schlotterbeck to sit vs. Greece
The Borussia Dortmund defender will get a day off.
Health Care and Crude Led the Week While Tech Lost Its Grip
American News Group News Commentary - The State Street SPDR S&P 500 ETF Trust slipped 0.28% and the Invesco QQQ Trust fell 2.62% over the five trading sessions ended Thursday, October 15, according to Stock Analysis data, as a hotter-than-expected inflation report revived concerns about interest rates and technology stocks sold off. Among U.S.-listed exchange-traded funds with at least $1 billion in assets, excluding leveraged and inverse products, the week's leaders came from health care, crude
After seven years, a spacecraft company is releasing its Otters into the wild
There is always a tension that comes with seeing the first of anything fly."
Potential health science high school update on Columbia BOE meeting agenda
COLUMBIA, Mo. (KMIZ) The Columbia Board of Education will hold a work session Thursday morning to discuss lottery school updates and the potential addition of a "health science high school." The work session will begin at 7:30 a.m. Thursday, in the Aslin Administration building. According to the meeting agenda, lottery schools are specialized schools that
National team boss defends Arsenal player after call-up
Viktor Gyokeres has been named in Sweden’s squad for the upcoming international break, and Graham Potter has insisted he’s not worried about the striker’s club form.Photo by Alex Pantling/Getty ...
Former Harlem Globetrotter among speakers at YMCA prayer breakfast
The YMCA of the Greater Tri-Valley will hold its Annual Prayer Breakfast at New Beginning's Community Church in Madison County on Saturday, Oct. 24, according to organizers.
PS5 Pro Shortage Hits Japan As Sony Limits Console Purchases To Active Playstation Users Ahead Of GTA 6
A lottery system has been introduced in an effort to counter shortages while alleviating scalper concerns ahead of GTA 6
Inflation was hotter than expected in September, rising to 3.7%
Inflation rose faster than expected last month, with price pressures extending beyond gasoline, new data showed Wednesday.
Dealroom.co | Great Hill Partners: middle-market growth buyouts across software, financial services, healthcare, consumer and business services
What's the deal?Great Hill Partners is a Boston- and London-base…
Could Potter be England's next breakthrough star?
With Sarina Wiegman set to name her latest England squad on Tuesday, there is one name everyone is talking about - Lexi Potter. Here is why.
Harlem Globetrotters Rivalry Tour heads to Springfield
The Harlem Globetrotters and Washington Generals are set to meet in Springfield this winter.
Harlem Globetrotters announce 5 tour stops in Wisconsin
The lineup includes the team's traditional New Year's Eve show in Milwaukee, dating back to the 1960s.
Chinese pottery discovered in Great Zimbabwe reveals medieval African empire's vast connections spanning thousands of miles
Archaeologists excavating a medieval African kingdom have discovered pottery from eastern China, revealing connections across continents.
Only 19,000 people have successfully reserved Valve's Steam Frame, with many still on the waitlist
Valve's Steam Frame launch is using a reservation lottery, leaving more than half of interested buyers stuck on the backorder waitlist.
Art Hounds: St. Paul Art Crawl, dreamlike ceramics and a mental health doc
The Art Hounds recommend the St. Paul Art Crawl, a retrospective of Jim Grittner’s ceramics in Duluth and a documentary screening in Fergus Falls about Minnesota’s mental health institutions.
Otters suffer first regulation loss of season against Ottawa
Ottawa 67’s 6, Erie Otters 1
Dealroom.co | IIPR launches Series B preferred stock sale to fund life science loan
What's the deal? Innovative Industrial Properties (NYSE: IIPR),…
Skydance emerges as entertainment behemoth with Top Gun and Harry Potter
Continuity will be the immediate emphasis for Skydance, the new entertainment giant created by Paramount's takeover of Warner Bros. Discovery.
Dealroom.co | Veritas Capital acquires Coronis Health RCM platform
What's the deal? In July 2022, Veritas Capital acquired Coronis…
Dealroom.co | Open science platform ODC-SCI lands $3M to fight research waste
What's the deal? The Open Data Commons for Spinal Cord Injury (O…
Skydance now runs two of Hollywood’s legacy film studios. A look at the new company, by the numbers
David Ellison’s Paramount Skydance has completed its $81 billion acquisition of Warner Bros. Discovery, bringing two of Hollywood’s most storied legacy film studios under one mammoth media and entertainment conglomerate named Skydance. Now, Skydance must decide how to make the most out of a trove of entertainment assets, including the HBO Max and Paramount+ video streaming services, a film library that includes “Star Trek,” “Barbie,” “Top Gun,” “Harry Potter,” and “Superman,” and two major news organizations, CNN and CBS News. Here’s a look at the new company, by the numbers.
Aday Mara Stays Perfect Against The Bucks
The Thunder’s lottery pick silenced Summer League skeptics by shooting a perfect 100% through two games, earning immediate trust from veterans with his elite size and conditioning.
'Gray a hard act to follow'
Hibs fans, we asked for your opinions on the 1-1 draw with Aberdeen at Easter Road. John Potter stuck to basically same formats as a David Gray team including his subs. Whoever comes in has a hard act to follow, Gray is a legend.