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New Quincy business brings recreation supplies, ammunition closer to home
For outdoor enthusiasts in Plumas County, finding the right gear for a day of fishing, a weekend in the backcountry or a hunting trip can sometimes mean a
Catapult Books is being sold and its L.A. authors are mourning
Catapult Books has sold its assets to an undisclosed buyer, leaving the future of 16 scheduled titles uncertain as staff negotiate a severance package.
In Madison Opera’s first-ever ‘Norma,’ ‘the melodies are phenomenal’
Madison Opera presents Vincenzo Bellini’s bel canto masterpiece on Oct. 30 and Nov. 1 in Overture Hall to open its 2026-27 season.
How the Cap Times covered the Brewers’ 1982 World Series run
The Milwaukee Brewers are in the World Series for the first time in 44 years. Here’s how we covered the team’s first chance at baseball’s ultimate trophy.
Many Latinos are over Trump. The shift is especially striking in Texas
Latino voters are souring on the GOP, fueled by frustration over rising costs and the Trump administration’s aggressive approach to immigration enforcement.
Musk’s political donations top $445 million ahead of U.S. midterm elections
With a net worth of $905.8 billion, the world’s richest person’s overlapping empire of companies is heavily exposed to regulation by federal agencies.
“It was a tough evening, but I can’t ask for any more from the players,” Martin O’Neill
Martin O’Neill spoke to the mainstream media last night after Celtic lost a fourth successive match in European football, this time going down 2-1 to Celta Vigo at Celtic Park…Martin O’Neill, Ma...
How the Decline of Western NY Defined Kathy Hochul’s Politics
Gov. Kathy Hochul’s vision for New York has been largely shaped by her upbringing in a failing western New York town and her family’s move up from a trailer park to affluence.
What is Shamonda, the livestock virus found for the first time in a person in France?
The first known human case of Shamonda virus was reported by France on Thursday. The patient has died, but the World Health Organization says that it is considered to be an isolated case so far and that there is no broader risk to the general public.
Another disappointing showing for A.J. Brown
A.J. Brown was targeted six times in Week 7, catching half of them for 48 yards in a loss to the Chicago Bears.
El Niño Then and Now
A 35-year satellite altimetry record lets scientists hold this year's El Niño up against its strongest predecessors.
Michigan vs. Indiana: All-Time Series, Last Meeting And More
Michigan will host Indiana this weekend in a game with a lot of interesting story lines.
AACI to Recognize Excellence in Cancer Research, Health Equity, and Philanthropy at Annual Meeting
The Association of American Cancer Institutes (AACI) will recognize excellence in cancer research, health equity, and philanthropy during the 2026 AACI/CCAF Annual Meeting in Chicago. The awards ceremony will begin at 10:45 am central time on Monday, October 26.
High school flag football: Wednesday and Thursday scores
CIF City Section high school girls' flag football scores for Wednesday and Thursday.
Thursday Night Football: Luther Burden, Bears lead Patriots 20-14 at halftime
Pete Ricketts’s Wealth Puts Class at the Center of Nebraska’s Senate Race
In a year when the wealth of the rich soared while workers lost ground to inflation, class has become political, especially in the Nebraska Senate race.
Trump Asked Musk to Reverse Limits on Ukraine’s Military Internet Use
The call from the president about the Starshield network came after officials in Ukraine reported that they found new limits on the use of military drones in their war against Russia.
Supreme Court backs Republicans on New Hampshire voter IDs
(Bloomberg) — The U.S. Supreme Court lifted a ruling that would have allowed use of student-ID cards to help show eligibility to vote in New Hampshire, siding with Republicans in a state where Democrats are defending a Senate seat next...
50 Cent allegedly bailed out suspect accused of assaulting Rick Ross' son
50 Cent allegedly bailed out a 20-year-old man identified in police filings as Don Roberts, who is accused of pistol-whipping Rick Ross’ son, 21-year-old William Roberts III. The two rappers have been feuding since the late 2000s.
What is a neutrino anyway? A look at the science behind this year's Nobel Prize in Physics
If you wanted a Nobel Prize, you would do well to study neutrinos. To date, the Nobel Prize in Physics has been awarded five times to research related to neutrino detection and discovery. This year, Francis ...
NFL Hall of Famer Marshall Faulk reveals he's been diagnosed with Parkinson's disease
The seven-time Pro Bowler emphasized the importance of getting diagnosed early.
Bernie Sanders Gives $1 Million to Bolster El-Sayed and Counter AIPAC in Michigan
The transfer came day after the news that the pro-Israel lobby was planning to contribute as much as $9 million to defeat the Democratic nominee for Senate.
'Heated Rivalry' is coming to Regal, AMC and Cinemark theaters
'Heated Rivalry' — with commentary from Jacob Tierney, the show's creator, writer and director — is coming to theaters for Season 1 screenings.
Arnold Schwarzenegger’s FaceTimes as Santa Claus ‘traumatized’ grandkids, daughter Katherine says
What do these kids have against Santa Claus?
Liev Schreiber scolds Apple TV reporter on 'Nocturne' red carpet
A bystander video showed Liev Schreiber scolding a female reporter while on the red carpet promoting his Apple TV series "Nocturne."
Essay: 'Bridgers,' or the people quietly lowering the political temperature
In this contributed essay, Majority in the Middle Executive Director Shannon Watson explores the people who bridge people together, even in turbulent political times.
Popular comedian set to host ‘Saturday Night Live’ for the 7th time
A popular comedian will join a small group of stars who have hosted 'SNL' seven or more times
Most AI chatbots stay in the political middle ground, with Grok being an exception
The 2026 election was the first parliamentary election in Sweden since AI chatbots became a serious part of everyday life—not least for young people and first-time voters. Today, it is possible to turn ...
Commentary: DeWine and Vance: A case study of Ohio political reaction to the now-infamous Ramaswamy Acton ad
Ohio's 2026 campaign for governor made history this week with what's quickly becoming one of the most notorious political advertisements of all time. Republican Vice President JD Vance and Republican Gov. Mike DeWine offer a fascinating case study in political reaction.
Celebrate Halloween with wine matched to your favorite candy
Let’s be honest: We all “taste” our kids’ Halloween candy. Sometimes it mysteriously disappears before Halloween even arrives.
NASA Unveils New Science Mission Competition Model
NASA is overhauling science mission selection, with up to 45 percent faster timelines and greater use of commercial space capabilities.
The 30 best conspiracy thrillers of all time, ranked
From paranoid classics like ‘All the President’s Men’ and ‘North by Northwest’ to later standouts like ‘Michael Clayton,’ these are the 30 best conspiracy thrillers of all time.
How construction impacts can underpin racial inequities for Lawrence business owners
When construction starts, businesses owned by Black and Brown people in Lawrence can face a tougher climb toward recovery. One city commissioner says we must “do the work” to keep building opportunities for local establishments.
The One Chart That Explains Why Netflix Cleaned House
(Welcome to my weekly streaming ratings report, the single best guide to what’s popular in streaming TV and what isn’t. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. If you were forwarded this email, please subscribe to get these insights each week.) Yeah, I’ll be honest: I went with a clickbait-y headline today. One chart? That explains everything? That’s as clickbait-y as it gets. But let’s be real. I’m analyzing a dataset that I’ve built over six years, and c’mon, I never write articles which feature just one chart! If you think this article—which includes a level of data detail unheard of in journalism twenty years ago—is clickbait, fine by me. Really, what I’m doing is using data to explain Netflix’s recent strategy changes, since the story of the month is the turbulence at Netflix. First, head of content Bela Bajaria was fired. Then head of film Dan Lin followed her to the unemployment ranks. (Along with, sadly, 1,000 other Netflix workers.) And then Netflix delivered a “sub-optimal” earnings report, which continued their year-long stock price slide. Then came a flood of articles explaining why all this is happening. (Mine’s coming shortly, rest assured.) I realized I had the perfect chart to explain Netflix’s woes. Specifically, Nielsen’s weekly top ten charts. Usually I focus on one or two weeks in my Streaming Ratings Reports, but sometimes it’s worth stepping back to look at the larger story. And hoo boy, what a story. This article is my annual (plus three months) follow-up to one of my most popular articles of last year. (And a topic I’ve been visualizing for the last half decade.) Subscribe Netflix’s Share of The Nielsen Charts Continues to Decline
Pensacola area Week 10 scores and live updates
We have a full week of high school football again in the Pensacola area for the first time in three weeks. Bookmark this page for live updates.
Judge limits election-related immigration stops amid broader legal war ahead of midterms
An unprecedented election war is playing out between the Trump administration and California in federal court, with a slate of cases proceeding at breakneck speed ahead of the Nov. 3 election.
MAHA Leader Calley Means Steps Down from Trump Administration Health Advisory Role
Calley Means, one of the key figures in the Make America Healthy Again movement, championed food policies in his role in the Administration.
MAHA Leader Calley Means Steps Down from Trump Administration Health Advisory Role
Calley Means, one of the key figures in the Make America Healthy Again movement, championed food policies in his role in the Administration.
Computer Science Is Bleeding Students. It’s Not the First Time.
Reports of the discipline’s crisis might be an exaggeration, experts say.
Former USM linebacker Rod Davis to be inducted into MS Sports Hall of Fame
The Gulfport native won the 2002 Conerly Trophy and the 2003 Conference USA Defensive Player of the Year during his time with the Golden Eagles.
Okpareke’s ads don’t add up on her federal campaign finance report
By Kevin Hendricks — Didi Okpareke’s congressional campaign paid for Facebook and Instagram ads that popped up on screens more than 150,000 times this summer, mostly in New Mexico. Her latest federal campaign finance report says she spent nothing. The Republican nominee for New Mexico’s 1st Congressional District spent between $500 and $599 on several […]
New Amazon delivery center brings 2-day delivery to Upper Peninsula for 1st time
The opening of Amazon's first delivery station in the Upper Peninsula shrinks the region's delivery times from eight days to two.
Tom Skerritt dead: 'Alien,' 'Top Gun' actor and Emmy winner was 93
Emmy-winning actor Tom Skerritt, whose decades-long career includes roles in 'Alien,' 'Top Gun' and TV series 'Picket Fences,' died Wednesday. He was 93
Justice Dept. Opens Inquiry Into Corey Lewandowski
The details of the inquiry remain unclear, but it is one of the rare instances in which a Trump ally or appointee has been investigated for potential wrongdoing during the president’s second term.
Clavicular pleads not guilty to raping a 17-year-old
'Looksmaxxing' influencer Braden Peters, a.k.a. Clavicular, has pleaded not guilty to charges that he raped a teenager at his family home.
Crows may make lightning-fast decisions, sometimes twice as fast as humans, study hints
Carrion crows made decisions about their visual environments significantly faster than humans and primates tend to, according to a comparison in a new study.
Chappell Roan brings out Christina Aguilera at L.A. benefit concert
The pop star brought her old hits — and a surprise appearance by Christina Aguilera — to the first night of her Super Graphic Spectacular fundraiser at the Shrine Auditorium.
Tom Skerritt, star of ‘Alien’ and familiar face at SIFF, dies at 93
Tom Skerritt, the acclaimed character actor who starred in “Alien,” “Top Gun,” “Contact” and more, died Wednesday at his home in Seattle. He was 93.
CSU’s Ties with TimelyCare Raise Red Flags for Student Mental Health
Two weeks ago, we raised alarms over CSU management’s strange fixation on TimelyCare and their push to enter into a systemwide contract with the private,
Who is Nathan Fielder? A guide to his shows including 'The Rehearsal'
Nathan Fielder, who's behind the Elizabeth Holmes doc 'You Can See Everything,' is well-known to comedy fans for his docuseries 'The Rehearsal' and 'Nathan for You.' Here’s a primer on the origin and rise of Fielder.
Baker Mayfield: 'Take Care of Business' vs. Carolina
Tampa Bay Buccaneers Quarterback Baker Mayfield spoke to the media following Thursday's Week 7 practice. QB Baker Mayfield discussed his recovery process, what he learned from the sidelines and taking things one day at a time.
Everything to know about Elizabeth Holmes doc 'You Can See Everything'
How much can you really see in Nathan Fielder and Lance Oppenheim's 'You Can See Everything' documentary about Elizabeth Holmes? At 2 hours and 54 minutes, there's a lot there, and yet still so many questions left unanswered.
Burk begins term as Virginia Municipal League president
Leesburg Mayor Kelly Burk is the new president of the Virginia Municipal League board of directors, according to a news release.
Science-oriented company promotes field for women
A company that makes laboratory supplies marked the anniversary of its Mebane plant by holding an event honoring the women driving progress in STEM and advanced manufacturing careers across the
'Today's' Craig Melvin crowned People's sexiest morning show host
'Today' co-anchor Craig Melvin reluctantly accepts the crown for sexiest morning show host in People's Readers' Choice Poll.
Key Trump Health Adviser Resigns Ahead of Midterm Elections
Calley Means, who helped unite Robert F. Kennedy Jr. and President Trump, pushed food reforms but grew frustrated with stalled progress on the MAHA agenda.
Key Trump Health Adviser Resigns Ahead of Midterm Elections
Calley Means, who helped unite Robert F. Kennedy Jr. and President Trump, pushed food reforms but grew frustrated with stalled progress on the MAHA agenda.
Feds allege $2 billion in California health care fraud, 15 charged
Federal authorities announced charges against 15 people, including six medical professionals, accusing them of health care fraud schemes worth $2 billion, including sham substance abuse treatment programs, unnecessary medical procedures and bogus hospice services.
Inflation at the movies: Runtimes are longer, from ‘The Odyssey’ to ‘You Can See Everything’
Your bladder isn’t lying.
Inflation at the movies: Runtimes are longer, from 'The Odyssey' to 'You Can See Everything'
Your bladder isn’t lying | Talk 1370
How well have past GOTY winners sold?
We’re less than two months away from 2026’s The Game Awards, and what a year it’s been for fantastic games, including Resident Evil Requiem, Forza Horizon 6, Slay the Spire II, the Blood of Dawnwalker, and Control Resonant – just to name a few. So as we approach the end of the year, we thought we’d look back on our estimates for the GOTY winners of the past four years. In terms of revenue, Elden Ring (2022 winner), Baldur’s Gate 3 (2023), Astro Bot (2024), and Expedition 33 (2025) have generated a combined $3.8B via 73M copies sold: Let’s have a look, then. Elden Ring has generated $2B in revenue Elden Ring is a phenomenon in every sense. It’s sold a whopping 36.4M copies across Steam (50%), PS5 (35%), and Xbox (15% across console and PC). Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Elden Ring also just passed an astronomical milestone: $2B in revenue. While PlayStation and Xbox account for half of Elden Ring’s copies sold across these three platforms, they account for 57.5% of revenue. This – as ever – is due to regional pricing and the higher relative share of PC gamers in lower-priced markets. For example, around 17.4% of Elden Ring’s Steam copies sold were in China, where the game costs about 26% less than the price in the States. There’s an … interesting narrative going around these days that console gamers are only interested in ball-and-gun games and have the patience for little else. Well, Elden Ring’s impressive sales prove that is simply not true, and across all platforms. What’s more, over 9.8M people have played Elden Ring for over 100 hours, with nearly 3.5M people getting all of the achievements and trophies. For reference, 10.9% of Elden Ring’s PlayStation players have the platinum trophy, while 10.5% of players on Steam and 3.9% of Xbox players unlocked all the achievements. Git gud, Xbox players! Of the 1.5M people who played Elden Ring on PlayStation last month, 4% also played Dark Souls 3 last month, 4% played Bloodborne, and 3% played Sekiro. There’s those Soulsborne diehards for you. By many accounts, including my own, Elden Ring is one of the best games of all time. It’s an evergreen seller that will continue to be a cash cow for Bandai and FromSoftware for years to come. Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Elden Ring has sold another 2M copies across Steam, PlayStation, and Xbox this year, generating almost $110M. This means it’s outperforming many of this year’s high-profile releases. Even Elden Ring’s standalone run-based PvE spinoff, 2025’s Nightreign, has sold 7.8M copies and generated $282M in revenue. Baldur’s Gate 3 is another billion-dollar-plus banger Another cross-platform phenomenon is Baldur’s Gate 3, which has sold 23.2M copies and generated over $1.2B in revenue. About 18.7M of these copies (80.6%) are via Steam, 2.9M via PS5 (12.7%), and 1.6M (6.8%) via Xbox. Around 1.3M folks on Steam bought BG3 before it hit 1.0. The PlayStation version launched about a month after the PC 1.0 release, while the Xbox version came four months later due to technical issues around developing local co-op on the Series S. Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Across platforms, Baldur’s Gate 3’s monthly active users have never dropped below 2M, including 2.2M MAUs last month (68.5% on Steam, 21.9% on PS5, and 9.6% on Xbox). And it still regularly brings in 280K to 400K players every day: About 1% of BG3’s Steam player base has played for over 500 hours! That’s a little under 200K people. Astro Bot is also an evergreen seller, albeit a more niche, family one Astro Bot, 2024’s winner, has now sold 4.7M copies and generated $291M in revenue. The budget, including marketing, is almost certainly under $100M, given the small Japan-based core team and three-year dev timeline. You can really see why the tides are changing toward less expensive hubs. Astro Bot is the only first-party winner on this list, but follows other first-party winners of The Last of Us Part II (2020’s winner), God of War (2018), and Breath of the Wild (2017). Around 46.6% of Astro Bot’s copies sold have been physical, which is far higher than the typical game. This makes sense for a couple of reasons: There’s a large family audience for this one, and physical boxes are an item to wrap when giving Astro as a gift. Astro has collector value for the PlayStation core (this is nostalgia-fueled platformer celebrating PlayStation’s history) Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Astro is another one of those games that continues selling over time, regularly selling more than 100K a month. It’s sold around 1M more copies this year ($60M in revenue) and is a popular title with families. We can see this using the Alinea platform’s MAU crossover tool: Astro Bot’s top #2, #3, and #4 games by crossover in any given month this year are Minecraft, Fortnite, and Roblox – without fail. The #1 title every month, though, is Astro’s Playroom, a pack-in with all PS5 consoles. For every month this year, between 20% and 30% of Astro Bot players also played Astro’s Playroom that month. So the free pack-in is a noice funnel for converting players to a full paid product. Expedition 33 sells 8.7M despite Game Pass cannibalisation Finally, we have last year’s winner – Expedition 33. The turn-based-RPG banger has generated $366M via 8.7M copies sold, with 58.8% on Steam, 35.7% on PS5, and 5.5% on Xbox. Xbox’s share of copies sold is this low due to Expedition 33 launching on Game Pass, where 4.3M people across console and PC accessed the game. A little under 700K Xbox players used their subscription to play Expedition 33 this year. That said, the game’s 1.5-year Game Pass deal ended last week on October 16, and we’re already beginning to see a positive trend on Expedition 33’s copies sold via Xbox (but the jury’s still out!). There’s understandably a lot of French pride behind this one, as France is the game’s #3 market on both Steam and PlayStation. Vive la France! One thing that stood out to me is that the GOTY winners aren’t $300M Hollywood productions made in the US. They’re mostly mid-budget studios outside the traditional AAA cost centres. Lots to think about there. Also, good games sell well; who’d have thunk it!? And there’s a whole load of them this year, with GTA 6 still to come, too. GTA just made the cutoff point for the VGAs this year. What a coincidence! Loading... Cool links and other stuff Our physical games newsletter from Tuesday was picked up by GameSpot, Eurogamer, TweakTown, and a bunch of others. We’re offering a free trial of our platform for games companies. Send us a message here, or reply right here on Substack/email, and we’ll set you up. Next week, we’ve got some exciting news regarding the future of our newsletter, so stay tuned! The last word Reply to this email – or reach out here – if you have any feedback for the newsletter – or want to request a game for us to cover. Want to see why these companies (and many others) are subscribed to Alinea? Get a free platform trial! [Alinea Analytics boasts the most accurate PC and console estimates in the business. Game makers use our platform to understand their audience, keep an eye on the competition, monitor sales trends, and spot new opportunities. We equip game studios and financial institutions with accurate data and the confidence to make smarter, data-driven decisions. Want to talk about all things games market data? We’d love to chat!]
Maui Coral Reef Holds Secrets Of The Past
Scientists have studied a two-century-old coral core from Maui's Olowalu reef, revealing how land use has impacted reef health.
Jimmie Johnson on the NASCAR business world: "It's a war"
Johnson made a name for himself a seven-time Cup Series champion, but he's now experiencing the 'race within the race' as a co-owner at Legacy Motor Club
Indoor golf facilities a booming business across the state
Indoor golf is booming in Delaware as Flight Indoor Golf and Back Nine Golf open, expand, and draw year-round players.
Pullup Entertainment Q2 2027 Earnings Call Is Live
Pullup Entertainment's quarterly earnings call has just begun.Live earnings calls are not yet supported in the mobile app. To listen and follow along in real time, open TradingView website in your browser.
Former NC GOP Senate candidate sues Wake schools over access to public records
Wake says it would take 703 hours of staff time at a cost of $15,395 to process the public records request from Scott Lassiter.
Next Woman Up: Jamie Meeks, Director of Sports Nutrition for the New Orleans Saints
In this installment of the Next Woman Up series, Saints director of sports nutrition Jamie Meeks discusses being the first full-time dietitian at LSU, preparing for the Saints' Paris game and leaving an impact in her profession.
Is Citizens United to blame for everything?
Plus: The justices’ book deals mean the court can’t rule on cases involving a media conglomerate.
Latest threat to democracy: Politicians bullying journalists
When officials refuse to answer questions they aren’t simply disrespecting journalists. They are disrespecting the citizens those journalists serve.
In Turbulent Times For Commercial Art, LightBox Expo Still Shines
The unique show focusing on commercial art provides much-needed community and opportunity for creative professionals as their industry is under threat.
Ava Max, Stephani Parker highlight Sunday’s gameday entertainment
Multi-platinum singer-songwriter Ava Max will perform at halftime while Stephani Parker will perform the National Anthem.
Alumnus honors his father, a longtime Marquette professor, with $2 million gift to advance research in biological sciences
President Kimo Ah Yun announced today that a $2 million gift from alumnus Nanda Alapati will advance undergraduate and graduate research in biological sciences.
Powerful Virginia Lawmaker Indicted Over Marijuana Business
L. Louise Lucas, a Democrat from Portsmouth, was the focus of F.B.I. searches earlier this year.
Through Pioneers and Slow Progress, America's Relationship to Women's Sports Continues to Evolve
LOS ANGELES (AP) — Athletes and fans of women's sports across the United States have found no shortage of reasons to celebrate: historic TV ratings, changing attitudes toward female players, high-profile wins for equal opportunities and pay. After decades of disparity and sometimes outright scorn ...
New business gets ‘knotty’ in downtown Selma
Local pretzel business Knotty Chix has planted its roots in downtown Selma, located just across from Lincoln Park at 1920 High street.
JJ Watt gets deal as full-time CBS replacement for Tony Romo
J.J. Watt will be the full-time lead NFL game analyst for CBS Sports, filling the role previously held by Tony Romo.
The YMCA and Center Theatre Group partner on live theater
The Center Theatre Group (soon to show 'Oh, Mary!') and L.A.'s YMCA have joined forces to bring live theater to the whole city with 'Every Age. Every Stage.'
How a Legal Backlash Against Big Tech Is Forcing Big Changes
A series of lawsuits has created a new de facto regulatory regime as courts order companies like Meta and Google to change their business practices — and pay up.
Judge blocks DHS investigations of noncitizen voting, citing flawed data
The judge put her order on hold until 5 p.m. Friday, giving the Trump administration time to appeal.
J.J. Watt gets permanent role as top NFL game analyst with CBS
Watt took over the No. 1 game analyst role after CBS put longtime analyst Tony Romo on a hiatus this summer.
This WA Supreme Court race could be one of the most expensive in history
In the race for Position 4 on the Washington Supreme Court, judges Sean O'Donnell and Ian Birk have raised more than $1 million thus far.
Unassuming historic Lafayette house, business destroyed by fire
The history of the small building at 309 N. Fifth St. destroyed by fire includes a time as a Chinese laundry and a visit from a famous movie star.
Liverpool Injury News: Szoboszlai, Munoz, and Frimpong Latest
Liverpool fans have been provided with a series of fitness updates following the team's pre-Brighton training session this morning. Multiple players face a race against time to be fit for the weekend's Premier League clash, with others set for longer layoffs.
Breitling Adds Two New Manual-Wind Navitimers To The Core Collection
✓ Breitling has just introduced a pair of new manually-wound Navitimer models to its core collection ✓ Check it out! ✓
Introspection required if EU Inc fails, says start-up lobbyist
European start-ups have a new voice in Brussels. Startups for Europe, created from the merger of lobby groups Allied for Startups and the European Startup Network, is hoping to harness the momentum behind EU-Inc, a campaign that united start-ups and investors behind demands for a new pan-European company regime.At a launch event for the new association in Brussels on October 1, the mood was remarkably upbeat compared to a typical Eurobubble gathering, more Silicon Valley than Schuman roundabout.When asked whether this reflects a feeling that Europe is on the right track, chief executive Serena Borbotti-Frison said it’s a “scary” moment as the continent looks to boost its competitiveness amid a new technological arms race.“What is at stake is quite intense, and the way we can answer is by delivering, but also with hope,” she told Science|Business. “It’s what our industry does. It’s not about identifying a pain point and then saying it’s too hard.”For many in the start-up community, that sense of hope is dwindling. In March, the European Commission presented its proposal for EU Inc, naming its initiative after the grassroots campaign.EU Inc was meant to be a gamechanger: the ability to incorporate within 48 hours for less than €100 and scale up across Europe; a harmonised stock option regime enabling start-ups to compete for talent; and simplified insolvency procedures for innovative start-ups to reduce the cost of failure.However, haggling by EU governments has raised concerns that EU Inc will be stripped of the very features, including stock option harmonisation, that are meant to make it attractive for companies.“I fear we are proving to ourselves that the model doesn’t work,” Borbotti-Frison said of the policymaking process. “Everyone agrees we should have EU Inc. Everyone agrees it’s hard to scale and we need to scale to answer the competitiveness [challenge], and still we cannot deliver? [. . .] What does that say about ourselves?”The Commission has made EU Inc a cornerstone of its single market reform, and has agreed with the European Parliament and the Council of the EU to target an agreement by the end of 2026. However, several points are currently holding up an agreement, including national rules around employee participation in management decisions, and the provision that employee stock options always be taxed at the point of sale. Some EU governments have reportedly pushed back on the Commission’s choice of legal basis, contending that anything related to taxation requires unanimity in the Council.Trade unions have also protested against EU Inc, fearing it will be exploited by companies looking to undermine workers’ rights.“If this doesn’t work, it’s introspection time, on the way our institutions work, maybe the way our lobbies work, and maybe the way the cooperation between them works,” Borbotti-Frison said.“Is it in the national interest? Is it a gap between political will and technical ability to operate? Is it speed? I don't know, but something needs to be fixed.”Ahead of last week’s European Council meeting, EU-Inc campaigners tried a new strategy: appealing directly to EU presidents and prime ministers. In an open letter, they urged EU leaders to “step in and give your negotiating teams a clear mandate to change course and reverse their objections to the Commission’s original proposal.”Lessons from EU-IncLike its predecessors, Startups for Europe will represent national start-up associations, but it is also targeting investors. The founding sponsors are venture capital firm Atomico and EQT, the investor selected earlier this year to manage the €5 billion Scaleup Europe Fund.It also wants to harness the knowledge and cross-border experience of European success stories. “Take the list of the 100 biggest unicorns in Europe. We are speaking to all of them,” Borbotti-Frison said. The association plans to publish a full list of supporters following the Slush tech conference in Helsinki in November.Andreas Klinger and Simon Schaefer, two key figures in the EU-Inc campaign, are both on the board of the new association, and Startups for Europe wants to take the lessons from their campaign.What was unprecedented about EU-Inc was “how rooted it was, and how strong it was in bringing everyone on board behind one clear pain point and solution to fix it,” Borbotti-Frison said. “This is an inspiration for us, and then we need to turn it into something more systematic, more bridged in Brussels, more connected to the policymaking game, and to scale it.”If it’s possible to unite such a broad coalition, it’s because the European start-up ecosystem is now mature, she said. “Maybe it was not ten years ago. Maybe it was not five years ago. But now, it’s mature to speak with one voice.”Open and liberal EuropeThe association plans to campaign on files related to three “pain points,” Borbotti-Frison said: “start and scale in Europe, fundraise and invest in Europe, and making Europe the most innovative continent.”As well as EU Inc, she cited public procurement, the EU’s simplification push, the Savings and Investments Union, and files related to AI adoption and technological sovereignty as priorities for the coming months.What these files have in common is that they relate not to subsidies but to the framework conditions influencing the availability of mostly private, or in the case of procurement, public, funding.Related articlesEmployee participation disagreement delays MEPs’ vote on EU IncCommission urges EU governments not to water down EU IncEU’s ‘ultra-fast’ €5B scale-up fund is set up to win, says its fund managerThe budget dispute over the next Horizon Europe programme will also impact start-ups, which are supported notably through the European Innovation Council. But EU innovation funding is a drop in the ocean compared to venture capital and public procurement budgets.“If competitiveness and innovation are a priority, then the [EU budget] should reflect it,” Borbotti-Frison said. However, she added that the main question is not how much public money is invested, but “how do we create the right conditions for the market to solve the problem?”The Scaleup Europe Fund mixes both approaches, using €1 billion in EU funding to crowd in private investors and address Europe’s lack of large-scale, late-stage growth funds. “It’s a proof of concept. Ideally, then the market will do it itself,” Borbotti-Frison said.Startups for Europe is also focused on bringing an alternative political narrative. Amid competing visions for open, global markets on the one side and a protectionist Europe on the other, it wants to offer “a third voice, to say we can be proudly European and build a strong continent in a liberal economy, open to the world, and global.”It can be tempting, when thinking about how Europe can better support innovation, to look across the Atlantic. But while it’s important to compare statistics to see where Europe needs to catch up, that’s where the comparison should stop, Borbotti-Frison said. “On everything else, we need to do it our own way. We don't have the same history. We don't have the same political model. We don't have the same way of life.”Many of the key files that could benefit the start-up community, including EU Inc and the Savings and Investments Union, rely on closer integration within Europe, making it easier to operate across borders.While the Commission has made deepening the single market a political priority, support at national level is more precarious. The coming months will see pivotal elections in Spain and France, while the German government has also been coming under pressure domestically. In each country, far-right parties have been gaining ground.When asked if she was concerned the political situation could jeopardise this progress, Borbotti-Frison responded: “Of course. I would be lying if I said I wasn’t.” However, she continues to believe that cooperation is the only way forward. “Doing it alone is not the solution. It’s also not who we are, it’s not the model we are building, and it’s not the scale we need.”
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