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Anduril plans $3.7B submarine shipyard in Maryland, promising 3,100 jobs
Anduril Industries plans to invest $3.7 billion in a submarine manufacturing shipyard at Sparrows Point, promising more than 3,100 permanent jobs at full operation as Maryland and Baltimore County consider
Meta’s Muse Could Become $27 Billion Business, Citi Says
Meta’s Muse AI assistant could reportedly generate revenues of more than $27 billion by 2030. That’s according to a Tuesday (Oct. 6) report by Reuters,
"Choosin' Texas"" knocked out of top spot on Hot 100
NEW YORK - After a record-breaking 24 weks atop the Billboard Hot 100, Ella Langley's "Choosin' Texas" is no longer number one on the list.
Entertainment: Paramount closes deal with Warner Bros.
Paramount has closed its $81 billion dollar purchase of Warner Brothers Discovery, forming a new Hollywood giant now called "Skydance".
French politicians grapple with protesters' demands for better schools while also cutting spending
Prime Minister Lecornu is pledging to improve schools at a time when the government seeks to save billions. France's dilemma can be seen across the EU: How to cut spending when citizens are demanding more from the state?
CD&R, McKesson acquiring infusion therapy provider Option Care Health for $5.8B
Option Care Health, a provider of infusion therapy services, is being acquired by private equity firm CD&R and healthcare conglomerate McKesson in a deal valued at $5.8 billion, the companies a | Option Care Health, the country's largest independent provider of at-home and alternate site infusion services, would go private in the deal, which is expected to close in the first half of 2027.
Drake Maye's blunt response to Bills DB disrespecting Efton Chism
Patriots quarterback Drake Maye was asked about Bills safety C.J. Gardner-Johnson's comments on Efton Chism.
Paramount, Warner Bros. Discovery Officially Merge Into Skydance
Paramount and Warner Bros. Discovery complete their $110 billion merger, creating Skydance, a new global media and entertainment giant.
Buffalo Bills HC Responds to CJ Gardner-Johnson’s Controversial Comments
The Buffalo Bills suffered their first loss of the season, losing to the New England Patriots in Week 4 NFL action. The post Buffalo Bills HC Responds to CJ Gardner-Johnson’s Controversial Comments appeared first on HEAVY.
Texas state sales tax revenue surges 11.5% in September on strong business spending
Sparked by strong business spending, Texas state sales tax revenue reached $4.4 billion in September, marking an 11.5% increase compared with the same month last year, Comptroller Don Huffines announced last week.
Skydance's $80 Billion Debt: Warner Bros., Paramount Owner's Reality
The combined company now has the scale to take on Netflix and Disney, but little room for error as it balances massive spending on film and TV with servicing its crushing financial obligations.
Bills No Longer No. 1 in ESPN's NFL Power Rankings After Week 4 Loss
The Buffalo Bills are no longer No. 1 in ESPN's NFL power rankings after losing to the New England Patriots in Week 4.
McDonald’s franchisees balk at $800,000 bill to overhaul stores
McDonald’s has said the program will help operators save about $100,000 in annual cash flow. Some franchisees see it differently.
‘The Love Witch’ at 10: How Anna Biller created a film that real witches would want to see
‘The Love Witch’ turns 10 in November 2026, and director Anna Biller sat down with EW to reflect on the feminist, ‘60s-inspired horror film and what audiences may have missed upon its release.
Uber to acquire ezCater for $2.3B, expanding catering reach
Uber plans a $2.3 billion acquisition of ezCater to expand into catering, offering large order delivery for business events.
Senate passes bipartisan Health Care Cybersecurity and Resilience Act
First introduced in the HELP Committee in 2025, the bill would require healthcare organizations to meet some core cyber hygiene best practices while also offering guidance and assistance for providers.
Option Care Health Agrees to $5.8 Billion Acquisition by CD&R and McKesson at $32.05 Per Share
Option Care Health has agreed to be acquired by CD&R and McKesson for $32. 05 per share in cash, representing approximately $5.
What’s in Trump’s $3.4 Trillion Tax and Spending Bill: 2025 Reconciliation Act
The Senate passed the Protect College Sports Act (S. 4668). Here's what the federal NIL bill means for revenue sharing, transfers, and state NIL laws.
McKesson and CD&R to acquire Option Care Health for around $5.8B
The $5.8 billion transaction establishes a framework for McKesson to potentially acquire CD&R's stake.
Brazil: Lessons from a Disaster
By Antonio Martins (Outras Palavras) Defeats become deeper and more prolonged when we misunderstand what caused them, avoid correcting course, and embrace “solutions” that only compound our mistakes. Lula’s government and the Brazilian left suffered a disaster in Sunday’s election. Contrary to every poll, the president finished the first round 2.2 million votes behind Flávio Bolsonaro—and, more significantly, 3.4 million votes below his total four years ago, when the machinery of the state was working against him and in favor of his opponent. His vote share declined in 98 percent of Brazil’s municipalities. The PL, the main party of the far right, elected 121 deputies and 28 senators, becoming the largest caucus in both houses of Congress. The parties aligned with the Centrão—Brazil’s bloc of transactional center-right parties—were somewhat diminished, but will still hold roughly 250 seats in the Chamber of Deputies and 35 in the Senate. That will make it easier to assemble the majorities needed to amend the Constitution or impeach Supreme Federal Court justices. If elected, Flávio Bolsonaro could appoint four members of the Court, substantially altering its internal balance of power. What produced these results? How can the far right be prevented from consolidating them into a prolonged political hegemony? And what is the essential change of direction the left now needs? Explaining the Disaster Across the commercial media and the exuberant chaos of digital platforms, interpretations are multiplying. Some focus on specific episodes: Lula’s absence from the Globo debate, his very close relationship with Alexandre de Moraes, or his emphasis on issues supposedly remote from most people’s everyday concerns, such as rare earth minerals. Among the more systemic interpretations, three seem especially questionable. One argues that the principal defeat was not the left’s, since its congressional representation declined only slightly. The decisive movement captured at the ballot box, according to this view, was a shift within the right itself—from the more moderate and transactional forces of the Centrão toward the more ideological and radicalized forces of the PL and Novo. A second interpretation holds that the nature of electoral and political processes has changed. The material interests and aspirations of society, it argues, no longer play the central role they once did; they have given way to forms of subjective self-identification that the left has yet to understand. And a third concludes that, because of these two developments, we should expect a political winter: a prolonged period in which the far right and the broader right dominate Brazilian political life. There are important elements in all three interpretations. The problem lies in what they deny or leave out: Lula’s third government was a small-bore government. It offered the majorities that elected it neither a clearly better life nor reasons to believe again in politics and its power to transform society. These failures flowed from two fatal accommodations, which I will examine below. As a result, the government suffered a slow but steady erosion of support. And, as has happened in so many Western countries, it gave the far right the opportunity to present itself as anti-system and to benefit from popular frustration and distress. The interpretation that emphasizes the migration of votes from the center-right and traditional right toward the far right has been advanced, among others, by the courageous journalist Leonardo Sakamoto. In his UOL column on Monday, October 5, he highlights the miserable behavior of the traditional conservative parties. Over the past four years, they repeatedly joined forces with the “neo”-fascists, helping to “normalize” them—a criticism that could equally be directed at almost the entire corporate media. Believing they could use the far right as a stepping stone, they instead ended up partly devoured by it. This was especially true in the Senate, where the PL’s gain of 13 senators and Novo’s gain of two came at the expense of the PSD, which lost nine; the MDB, which lost two; the PSDB, which lost two; and the PP, which lost one. Sakamoto’s observation is accurate and necessary, but it leaves uncomfortable questions unanswered. Why did the erosion of the Centrão benefit the far right rather than, for example, producing growth for the left—as has happened so many times before, both in Brazil and elsewhere? The answer is not difficult. Throughout its four years in office, Lula’s third government was almost invariably associated with the Centrão. Here lies its first accommodation: accepting the limits imposed by conservative institutions; avoiding, as much as possible, any attempt to strain those limits through popular pressure; and believing only in the modest changes that could be squeezed through openings in Congress. The failure of the campaign to end the six-day workweek is emblematic. Lula could have electrified the presidential race by pairing it with a popular campaign for passage of the measure. Instead, he chose to place his hopes in the hands of Senate president Rodrigo Alcolumbre. He generated no mass mobilization, did not force his opponents onto an uncomfortable defensive, and won no victory. In September 2025, the government squandered the greatest of its many opportunities to shake up conservative power in Congress. Popular opposition to the so-called Shielding Amendment—which, if approved, would have restricted criminal proceedings against members of Congress—brought crowds into the streets, mobilized primarily by artists and social movements. This opened the possibility for a broader political education: a campaign that could begin exposing the limits and dysfunctions of Brazil’s political system while putting Bolsonaro’s movement on the defensive for its predictable support of political privilege. The amendment was defeated. But the executive branch then backed away from the fight. It remained associated with an institutional world widely seen as corrupt, elitist, and indifferent to ordinary people’s struggles. In doing so, it forfeited its credibility as a vehicle for the protest vote. On Sunday, it reaped the bitter fruits. Are We Doomed? Taking a different approach from Sakamoto, the philosopher Moysés Pinto Neto and other writers have drawn attention, in their first analyses of October 4, to the fragmentation of the public sphere produced by Big Tech platforms. Through their algorithms, these platforms present each person with a different view of social reality. As a consequence, it becomes much harder to identify common material problems and demands—for example, the fight for labor rights or for a properly funded public health system. Voters no longer embrace such demands, these authors argue, because they no longer see themselves as part of a collective. Instead, they tend to value the identities assigned to them by neoliberal subjectivity—the role of the entrepreneur, for example. On this interpretation, the left’s possible error lies in clinging to outdated illusions. Moysés’s warning is highly relevant and resonates with arguments such as Naomi Klein and Astra Taylor’s “Apocalyptic Fascism and the Billionaires’ Bet.” Unlike a century ago, the far right no longer promises a radiant future. It concentrates instead on resentment—especially that of young men. “They belong to a generation that fears it may never own a home, but compensates with the pleasure it gets from constantly provoking progressives online. Convinced their future has been stolen, they share memes romanticizing historical authoritarian regimes,” the authors write. But Moysés seems to confuse this danger with inevitability. He fails to see that the left’s answer cannot be adaptation. On the contrary, it must strengthen the possibility of politics as collective action. Nor does he recognize that precisely such a reversal is already becoming possible in some of the most promising mobilizations of the twenty-first century: the election, at the end of 2025, of the young Muslim Zohran Mamdani as mayor of New York, on a platform centered on the intensely material fight for an affordable city; the Left Party’s victory in Berlin two weeks ago, built around the demand to expropriate private real-estate corporations; and the very recent wave of demonstrations in Spain—including an occupation of Madrid’s Puerta del Sol—in which tens of thousands of young people mobilized by the Tenants’ Union have demanded limits on rents. By putting itself in the straitjacket of the “fiscal framework” in the first months of 2022, Lula’s third government adopted the second fatal accommodation of its term. Faced with conservative institutions and a country devastated by four years of Bolsonaro, increased public investment was the government’s remaining weapon for offering a more dignified life to the majority and forging an anti-conservative pact with them. The same state that disburses 1 trillion reais a year to enrich a small class of rentiers could instead spend money to extend the Family Health Strategy to every Brazilian, at a cost of 30 billion reais; provide full-day public schooling and childcare to all adolescents and children—and, especially, relief to their mothers; achieve universal sanitation while cleaning up polluted urban rivers; multiply metro systems; begin transforming the urban peripheries; and undertake many other urgently needed projects. In April 2023, an article in Outras Palavras warned that the fiscal framework could “shrink the Lula government and preserve the forces that condemn the country to inequality and regression.” A year later, another article showed that restraints on public spending were strangling policies vital to ordinary people and undermining the president’s popularity. In November 2024 came a reality check, in the form of the government’s humiliating defeat in the municipal elections. Even then, the fiscal lock was neither removed nor loosened. On the contrary: throughout the government’s four years, fiscal restraint remained central to its political narrative. The administration proudly proclaimed that it had “put the state’s accounts in order,” without grasping either how misleading that phrase was—given the payment of 1 trillion reais in interest—or how badly the message was hurting it politically. Lula finally woke up in September 2026. The increase in Bolsa Família benefits, after four years of being frozen; the announcement that anti-obesity drugs would be offered through Brazil’s public health system; and the ban on online betting showed that the state has the power to act decisively on behalf of the majority when those in government are willing to confront obstacles. The huge marches that closed the campaign in Fortaleza, Salvador, Rio de Janeiro, and São Paulo on the eve of October 4 showed how such initiatives can mobilize activists and the broader public. But it was too late—and too little to change the outcome of the first round. History has not ended The possibility of a turnaround in the three weeks leading up to November 25 cannot be ruled out. It will not be simple or easy. Lula must not only make up a deficit of 2.2 million votes; he must also offset the movement of voters who backed other right-wing candidates in the first round, most of whom are likely to move toward Flávio Bolsonaro. Pulling that off will require a broad, grassroots effort to win over voters, potentially reinforced by new initiatives from Lula. The coming hours and days will be decisive. If Bolsonaro’s movement also wins the presidency, the result will create a high-risk situation for Brazilian sovereignty and democracy. The enormous challenges posed by such an outcome would require the left to reexamine, in depth and with a genuine willingness to engage in self-criticism, its political projects—or its lack of them—and its practices. But would that mean we are condemned to the long winter of far-right hegemony that some analyses are beginning to forecast? It is far too early to say, suggests a recent text by Álvaro García Linera, the thinker who served as vice president of Bolivia under Evo Morales. His central hypothesis is that this political current will prove short-lived. At a moment when the entire world is once again talking about sovereignty and protecting national economies, the far right offers a stale, recolonizing neoliberalism. Its submission to the United States is as blatant and pathetic as Flávio and Eduardo Bolsonaro’s overtures to Donald Trump. Its project amounts to something like every man for himself: greater inequality, capitalism without limits, devastation, and supremacism. Will it work? In the United States, just two years into his second term, Trump himself is reaching record levels of unpopularity and may be on the verge of losing Republican control of both the House and Senate in November. Every new beginning is difficult. Whatever the outcome of the second round, the defeats of October 4 show how profoundly the Brazilian left will have to rethink and rebuild. But just as it would be foolish to underestimate the seriousness of its mistakes, it would be equally foolish to conclude that rebuilding a political project is no longer possible. History has not ended. The times are moving faster than ever. Originally published in Portuguese by Outras Palavras. English translation by Eric Blanc; I’ve added the subtitles. More We can’t stop the far right at home or abroad without a revitalized labor movement, which is yet another reason why you should become a sustaining supporter of the Emergency Workplace Organizing Committee (EWOC) — one of US labor’s pivotal bright spots. Relatedly, Jacobin published a short piece of mine reflecting on a decade of Bernie Sanders inspiring a whole new generation of young worker organizers.
ConocoPhillips Reviews Norway Business & UK Teesside Asset Divestment
COP is weighing a potential Norway and Teesside asset sale valued at about $7 billion, supporting portfolio optimization and capital flexibility.
US trade deficit widens in August amid strong imports
The US trade deficit rose to $105.6 billion in August due to a surge in imports, reflecting strong domestic demand and impacting economic growth.
As U.S. Cybercrime Losses Top $20 Billion, Bank of America Expands Fraud Education for Small Business Owners
New Educational Tools, Fraud-Prevention Resources and Webinars Aim to Help Entrepreneurs Protect Their Businesses From Increasingly Sophisticated Scams Key...
We need CI-132 to keep politics and money out of our courts
Please join me in voting yes on CI-132 this November so we can protect our tradition of elected judges based on their record and qualifications and keep politics out of
Paramount and Warner Bros. to become one Hollywood giant: Skydance. Here's how we got here
Skydance-owned Paramount is expected to close its $81 billion takeover of Warner Bros. Discovery on Tuesday. The new Hollywood giant will have a shorter nametag: “Skydance.” But it marks one of...
Uber to buy US catering platform ezCater for $2.3 billion
Oct 6 (Reuters) - Uber said on Tuesday it would buy US catering platform ezCater in an all-cash deal for $2.3 billion, expanding its food delivery and workplace meals business.
McKesson, CD&R to take infusion therapy provider Option Care private in $5.8 billion deal
Drug distributor McKesson and private equity firm Clayton Dubilier & Rice on Tuesday agreed to take infusion therapy provider Option Care Health private in a deal worth about $5.8 billion including debt.
CD&R and McKesson Corporation Sign Agreement to Acquire Option Care Health
NEW YORK & IRVING, Texas & BANNOCKBURN, Ill., October 06, 2026--CD&R, McKesson Corporation (NYSE: MCK) ("McKesson"), and Option Care Health, Inc. (Nasdaq: OPCH) ("Option Care Health") announced today that they have entered into a definitive agreement, under which CD&R and McKesson will acquire Option Care Health, an independent provider of home and alternate site infusion services, for $32.05 per share, reflecting a total enterprise value of approximately $5.8 billion. At the closing of the tran
Bills cornerback Max Hairston apologizes for snubbing reporters
Buffalo’s first-round pick out of Kentucky a year ago, Hairston had a forgettable outing in his fourth start of the season.
Buffalo Bills’ Josh Allen-led offense takes a sloppy step back
Buffalo’s offense hasn’t so much dried up in splitting the past two games, it’s shown signs of sputtering and being impeded by ball-security issues.
AMC Entertainment Refinances With $2.0B Notes, $850M 1L, $1.12B 2L; Retires Prior Debt
AMC Entertainment Holdings executed a broad refinancing that includes $2.0 billion of 8.875% first lien notes due 2031, an $850 million first lien term loan maturing 2031, and a $1.12 billion second lien term loan due 2033. Proceeds were used to repay and terminate certain existing facilities and t…
Beauty Brands Are Coming for Sports—and They Want More Than Exposure
Beauty presents a distinct opportunity because brands within the category are decidedly investing to reach female fans. The industry also has an $11.4 billion global advertising budget and has historically spent little with rights owners and holders. Rights owners and holders must offer beauty brands more than visibility. However, properties that can successfully pair access to the demo with engaging on-site activations and measurable gains in awareness, purchase intent, and/or sales should be p
Mamdani Backs Bill to Let Consumers Sue Over Unfair Business Practices
The proposed New York City legislation would also allow nonprofits, including tenants’ unions, to sue companies directly rather than relying on agency enforcement.
In current anti-fraud climate, no room for error for home health, hospice agencies
After operating hospice, home health and other companies for over a decade in Arizona, Peter prided himself on his sound reputation in the community and employees’ loyalty. He never dreamed that a technical error on a routine hospice renewal application would lead to a revocation of his hospice’s Medicare enrollment and billing privileges and leave him fighting for his livelihood.
With Uzbekistan open for business, investors watch reform staying power
When Nika Kurdiani began to plot London-listed Georgian lender TBC Bank's expansion into Uzbekistan around 2018, he had to bring plastic bags full of banknotes to pay restaurant bills.
LeBron James Gets Major Perk While Playing for Sixers
LeBron James won’t have to foot the bill for his unusual Sixers commute — but fans hoping to see him Monday night got different news. The post LeBron James Gets Major Perk While Playing for Sixers appeared first on HEAVY.
UK retail conglomerate acquires minority stake in Under Armour
A U.K. retail conglomerate founded by British billionaire Michael Ashley has become a significant investor in Baltimore-based Under Armour. Frasers Group, the parent company of Sports Direct stores and other
South Florida business owner says hotel won’t pay clean up bill - WSVN 7News | Miami News, Weather, Sports
A South Florida man has worked hard to grow his small business. Starting with a single truck, he’s now up to nine. But when heRead More
Prince George’s County Council votes to advance billion-dollar entertainment venue project
The Sphere concert and entertainment venue planned for National Harbor is another step closer to reality after an vote Monday by the Prince George’s County Council, but unions looking to secure agreements on construction of the project have been left out.
News | Populate hires director of science and innovation for £1 billion London Cancer Hub project
Angela Kukula was chief executive of life sciences cluster organisation MedCity
Prince George’s Co. Council votes to advance billion-dollar entertainment venue project
The Prince George’s County Council voted 11-0 authorizing up to $215 million in special obligation bonds to help build the entertainment complex.
Car crashes into San Luis Obispo business
A car crashed into a business on the 700 block of Footbill Boulevard in San Luis Obispo on Monday morning.
CSUN Ranks in Billboard’s 2026 Top Music Business Schools
For the fifth consecutive year, CSUN has earned a place among the nation’s top music business programs.
The rocky road to more manageable healthcare costs in NC
NC residents are worried about big medical bills. A state commission is working on ideas to help lower healthcare costs.
Olivia Dean song lifted from Bill Withers hit, complaint alleges
A complaint recently filed in California alleges that Grammy winner Olivia Dean's song 'I've Seen It' lifts from Bill Withers' lasting hit 'Just The Two of Us.'
Cresset Aims for $13.1B Trust Business with NAT Deal
Cresset would fold its existing $5.5 billion trust division into the $7.7 billion NAT platform while continuing to grow through clients, acquisitions.
CBS Sports Chief David Berson To Expand Portfolio As TNT Sports Chief Luis Silberwasser Exits
David Berson, who has led CBS Sports as president since 2024, will expand his portfolio after the close of the Paramount-Warner Bros. Discovery merger. The exec will take responsibility for sports across Skydance, the soon-to-be-umbrella over CBS and TNT Sports and their respective parents, Paramount and WBD. The $111 billion merger is due to close …
Delta State named top music business school by Billboard for 5th year in row
For the fifth year in a row, Billboard magazine has named Delta State University’s Delta Music Institute as one of the top music business schools in the
Iowa Legislature expands MEGA program, creating path for steel plant incentive
During a special session on Friday, the Iowa Legislature expanded the Major Economic Growth Attraction (MEGA) program, paving the way for a tax incentive for Mesabi Metallics to construct a steel plant in Lee County. Gov. Kim Reynolds signed the bill into law on Friday. The MEGA program, administered through the Iowa Economic Development Authority,…
At 19, Ghost founder raises $11 million to build a $3,499 computer for your personal AI
Ghost announced Monday its official emergence from stealth and an $11 billion seed round led by Andreessen Horowitz.
Bills player dismisses Patriots hero as ‘practice squad player’
After a 0-3 start to the season, the New England Patriots were able to bounce back in a big way on Sunday afternoon, pulling off an upset win over the Buffalo Bills on the road after Patriots wide receiver Efton Chism III made a ridiculous catch to give the Patriots the lead with under two…
Roundtable Ravens Episode 42 - Breaking Down Week 4 Win
Roundtable Ravens crew James Brizuela and Billie Melissa break down the Baltimore Ravens' Week 4 win against the Tennessee Titans.
NWA C-Suite: Sam Sicard
Since taking the helm at the age of 35, Sicard has grown assets from $1.5 billion to $3.5 billion. He has also expanded the company’s footprint into eastern and southwestern...
Senate clears bipartisan bills on aviation worker mental health
Sen. Tammy Duckworth says pilots and other workers need to be able “to take care of themselves without fearing for their job security.”
Breaking down Bills problems after Week 4; concern or overreaction?
Should the Bills be concerned with these developments or is concern now an overreaction?
Fan Notes from the Patriots’ win over the Bills
Notes, musings, and observations from New England’s win over the Bills.
Science highlights six landmark DNA and Human Genome Project breakthroughs that missed the Nobel Prize
From Avery’s genetic material discovery to the Human Genome Project’s 3 billion base pairs, major life-science advances faced Nobel limits on co-authorship and timing
Senate Unanimously Passes the Health Care Cybersecurity and Resiliency Act
A bipartisan bill that seeks to improve healthcare cybersecurity and resilience has been unanimously passed by the U.S. Senate. The bill - The Health Care The U.S. Senate has voted unanimously to advance the Health Care Cybersecurity and Resiliency Act, which requires more robust cybersecurity measures for healthcare organizations and authorizes grants to help rural and under-resourced providers improve cybersecurity.
Comcast Business 2026 Cybersecurity Threat Report: 79.3 Billion Events Show AI Pressurizing the Threat Landscape
Comcast Business has released its 2026 Cybersecurity Threat Report, an analysis of 79.3 billion cybersecurity events detected across its cybersecurity custom...
Scientists Created a Computer Inside a Water Drop Using Billions of DNA Molecules and It Worked
You won’t believe it, but DNA molecules can turn even a tiny drop of water into a computer.
Mark Cuban offers fix for NJ's health care cost crisis
As New Jersey workers face another double-digit increase in health care premiums, billionaire entrepreneur Mark Cuban is offering to help.
Takeaways from Bills loss to Patriots
Here’s what I took away from the Bills home loss to the Patriots
Senate-approved bills aim to ease burden on pilots amid mental health ‘stigma’
Culture of silence and fears of exclusion means aviation workers less likely to seek help for mental health issues
Tech billionaires are spending millions to reshape California’s Legislature
Tech billionaires funding PACs have enjoyed recent growth in personal and corporate wealth and are spending it to handpick the Legislature.
AkzoNobel is selling its Southeast Asia decorative paints business to Nippon Paint for $1.35 billion
The deal covers seven countries and is expected to generate about $1 billion in net cash proceeds after taxes and minority partners
Bill's Prescription Center remains family business in Brandon
Bill's Prescription Center continues operating as a multi-generational family pharmacy in Brandon, maintaining its commitment to personalized care despite rapid regional growth.
After success in Ascension with steel plant, Iberville Parish proposes its own industrial zone
Proposed industrial area would abut the RiverPlex MegaPark in Ascension, which has drawn billions in investment and pollution concerns
5 takeaways from Iowa lawmakers passing historic $1.4B tax breaks
Five key takeaways from the Iowa Legislature passing historic tax incentives for a $15 billion proposed steel mill.
An 8-justice Supreme Court to decide whether cities can sue oil companies for climate change impacts
The Supreme Court will hear arguments Monday in one of the most important climate change cases to reach its docket in years, a multibillion-dollar effort to hold major oil companies like ExxonMobil liable for the damages caused by planet-warming pollution.
After losing in a closed Louisiana primary, Bill Cassidy files bill to require open party elections
Cassidy lost his seat this year after Louisiana switched to closed party primaries.
Southern Taiwan Science Park revenue climbs 36.5% in first eight months of 2026
Companies in the Southern Taiwan Science Park (STSP) posted record revenue of NT$2.495124 trillion (US$78.59 billion) in the first eight months of 2026, up 36.5% from a year earlier, according to the STSP Bureau. The bureau said the growth reflected the global AI boom and the park's expanding role in the high-tech supply chain.
Japan’s Nippon To Buy Akzo’s Southeast Asia Decorative Paints Business For $1.35 Billion
The deal gives Nippon Paint—controlled by the family of late Singaporean billionaire Goh Cheng Liang—access to Akzo’s operations across Indonesia, Malaysia, Singapore, Thailand, Vietnam, Papua New Guinea and Australia.
Inside Iowa Politics: the five-day flurry that led to $1.5 billion taxpayer commitment for proposed $15 billion Iowa steel plant
The five days that led to $1.5 billion commitment by Iowa taxpayers for new steel plant in Lee County.
Allen laments not throwing ball away after interception seals Bills loss
In hindsight, Josh Allen knows he and the Buffalo Bills would have been better off if he threw the ball away.
US midterms: 470 seats, $12 billion and one absent president
Americans go to the polls on November 3 for elections that will shape the final two years of Donald Trump's presidency -- although the president himself will not be on any ballot.44: House races on No...
Patriots’ HC Raves About Drake Maye Compared to Josh Allen
The New England Patriots needed a response after a lopsided loss. Head coach Mike Vrabel received one from his quarterback against a division heavyweight. New England stunned the previously unbeaten Buffalo Bills 29-26 on Sunday, Oct. 4, and Vrabel placed Drake Maye in the same conversation as reigning NFL MVP Josh Allen afterward. “Gets us […] The post Patriots’ HC Raves About Drake Maye Compared to Josh Allen appeared first on HEAVY.
Caterpillar is a Great Business. But is CAT Stock a Great Buy?
Caterpillar Inc. (NYSE:CAT) is having a strong year. Construction and mining demand remain solid, infrastructure spending is creating more opportunities, and the rapid buildout of data centers is opening another market for the company’s power equipment. The latest numbers make that clear. Sales and revenues reached a record $20.5 billion in the latest quarter, up […]
Patriots’ Christian Gonzalez-Less Secondary Takes Another Hit vs. Bills
The New England Patriots entered Sunday’s matchup with the Buffalo Bills short-handed at cornerback. Their depth was tested even further early in the fourth quarter.Charles Woods left the game after making a tackle on Bills wide receiver Joshua Palmer, according to Ethan Hurwitz of Patriots on SI. Charles Woods is hurt after making a tackle […] The post Patriots’ Christian Gonzalez-Less Secondary Takes Another Hit vs. Bills appeared first on HEAVY.
Josh Allen has blunt response to Bills' loss to Patriots
Buffalo Bills quarterback Josh Allen is explaining what went so wrong.
Mike Vrabel, referee explain heated exchange that led to penalty
Head coach Mike Vrabel was given an unsportsmanlike conduct penalty during the Patriots' win over the Bills.
Bills Announce Historic Josh Allen News During Patriots Game
Buffalo Bills quarterback Josh Allen earned the all-time franchise record for rushing and receiving touchdowns in Sunday's game. The post Bills Announce Historic Josh Allen News During Patriots Game appeared first on HEAVY.
Instant analysis from Patriots’ 29-26 win over Bills
Observations from Week 4 at Highmark Stadium.
Buffalo Bills Lose 29-26 To New England: Instant Reactions
Josh Allen’s late-game interception and a defensive collapse derailed Buffalo’s perfect season, overshadowing record-breaking milestones and a breakout performance from wide receiver Keon Coleman in New England.
Patriots Pull Off Tight Upset Win Over Division Rival Bills
The New England Patriots escaped with a tight win over the Buffalo Bills.
Should Bill Belichick Remain as North Carolina's Head Coach?
Should Bill Belichick stay with the North Carolina Tar Heels moving forward?
Mark Cuban offers to help Sherrill fix state health benefits program
Gov. Mikie Sherrill is noncommittal on an offer from billionaire entrepreneur Mark Cuban to help New Jersey rein in the soaring cost of its troubled
Patriots WR Mack Hollins exits game with non-contact injury
Patriots wide receiver Mack Hollins hopped off the field of Sunday's game against the Bills with an injury.
AkzoNobel to sell unit to Nippon Paint for over $1 billion, FT reports
Dulux paint maker AkzoNobel is nearing a deal to sell its Southeast Asian decorative paints business to Nippon Paint for well over $1 billion, the Financial Times reported on Sunday, citing people familiar with the matter.
Josh Allen Sets Bills Record Against the Patriots
The dual-threat quarterback surpassed Hall of Fame legends Andre Reed and Thurman Thomas, etching his name atop the franchise leaderboard with a historic first-half touchdown plunge.
Can Patriots bounce back after Week 3 embarrassment?
Can Drake Maye work out of his funk while facing the Bills?
New England Nation: Inside the Locker Room
The New England Nation team takes you inside the Patriots locker room with various players ahead of their first AFC East matchup of the season against the Buffalo Bills.
New England Nation: Keys to the Game Patriots at Bills
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Christian Benford, Six Others Inactive For Bills Against Patriots
The Buffalo Bills have announced their inactives for Week 4 against the New England Patriots, including number one cornerback Christian Benford and six others.
Three takeaways from UNC’s home loss to Notre Dame
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Nvidia’s $235 Billion Buyback Offers a Powerful Lesson for Founders
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Christian Gonzalez reveals how Patriots can slow down Josh Allen
Christian Gonzalez broke down what makes Bills quarterback Josh Allen great and how the Patriots can slow him down.
Patriots vs Bills live updates: Score, highlights, analysis
The Patriots play the Bills in a pivotal Week 4 AFC clash. Follow live score updates, highlights, injury news, key plays and instant analysis.
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.
Gary Shapiro: why trade shows matter and how to get them right
I ran powerful trade show CES for decades. Bill Gates told me once that trade shows were key for Microsoft. Now, author Robyn Davis is onto something.