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Health department warns residents after rabid bat discovered in Severn
A bat discovered in Severn on Thursday tested positive for rabies, prompting the Anne Arundel County Department of Health to alert the community.The bat was fou
University of California partners with U.S. Department of Energy to advance energy, discovery and national security through Genesis Mission
UC scientists at seven campuses and three national labs lead 15 percent of DOE-funded projects.
#paramount #streaming #entertainment
Paramount Skydance isn't waiting around for its planned merger with Warner Bros. Discovery to bolster its flagship streaming service. Paramount's streaming leaders have told employees that they're planning major upgrades to Paramount+ in the coming weeks. An internal presentation, which was unveiled during a streaming town hall this week and viewed by Business Insider, shows "Product Priority Highlights" for Paramount's streaming business this quarter. These initiatives are part of Paramount CEO David Ellison's plan to improve the tech of a 114-year-old media company that trails Netflix, Amazon Prime Video, and Disney in streaming subscribers. Buying WBD would help Paramount catch up quickly and give it over 200 million streaming customers, the company has said. Read more about Paramount’s streaming projects on Business Insider: https://lnkd.in/eKfn9wyH (Credit: Getty Images) #paramount #streaming #entertainment
Trump warns China and Russia not to ‘give or sell’ weapons to Iran
President Donald Trump says it would be “very bad” for Chinese President Xi Jinping or Russian President Vladimir Putin if Washington discovers they are supplying weapons to Tehran as the war between the United States and Iran escalates. “President Xi, at our recent meeting in Beijing, China, told me that he would not, under any […]
Long-lost love story by Alan Turing rediscovered in archive
'Pryce's Buoy' is an unfinished romance tale between two men.
Scientists discover a compound that could supercharge aging muscle repair
A sulfur-based compound called LASSS appears to protect and supercharge a key protein involved in repairing damaged muscle. The discovery could eventually lead to new ways to slow muscle loss and preserve strength as people age.
A Pitt-led team plans to automate quantum computing research with a Department of Energy grant
Part of the Genesis Mission, a national effort to harness AI for scientific discovery, the project could enable new chemistry and materials science.
Rice materials science triumphs with pair of Telly Awards
Rice is a double winner in the 47th annual Telly Awards, which honor excellence in video and television. The university won a silver Telly in the Education and Discovery category for a social media series titled “Discovering Materials Science and Engineering: Engineering Solutions for a Changing World,” which followed freshmen as they were introduced to how materials shape the world in a materials science and nanoengineering course of the same name. Additionally, Rice won a bronze Telly in the Educational Institution category for a nonbroadcast campaign titled “RAMI Undergraduate Research Fellows at Rice University,” which showcases cutting-edge undergraduate research.
iPhone Driver's Licenses May Soon Expand to New State
Driver's licenses and IDs may soon be available in Apple Wallet for iPhone and Apple Watch users who live in Utah. MacRumors discovered signs of a Utah ID in Apple's backend, suggesting Apple is moving forward on implementing support. Utah already offers a mobile driver's license option through a standalone app, but there is no Apple Wallet integration.
Small Business Catalyst Fund spotlight: Denise’s Delicacies
Discover how Catalyst Fund awardee Denise’s Delicacies in North Philadelphia is using Catalyst Fund capital to move their business forward.
Ohio State researchers to lead national teams exploring science, AI innovation
The Ohio State University continues to build momentum as a national leader in artificial intelligence research and innovation. This week, two teams led by Ohio State researchers joined a $293 million initiative sponsored by the U.S. Department of Energy (DOE) to harness AI for breakthroughs in energy dominance, discovery science and national sec...
UT Secures $20M NSF Grant To Pioneer Breakthroughs in Automated Materials Discovery
The University of Tennessee, Knoxville, has secured $20 million from the National Science Foundation to accelerate breakthroughs in automated materials.
When It Comes to Fusion, Materials Matter
Fusion at high temperatures powers the sun and, if harnessed, could provide a potential source of energy here on Earth. But controlling fusion reactions has other benefits. The process also generates subatomic particles called neutrons that are used in a range of applications spanning medicine, research, and national security. Now, scientists at the University of California, Davis (UC Davis), and the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) have found that the materials surrounding a fusion reaction can dramatically increase how often it occurs, particularly at low energies where fusion is rare. The study was published July 18 in Nature Communications. Their approach sets up a way to study and engineer nuclear reactions within solid materials, opening a new field of “materials-driven fusion.” Instead of designing materials just to survive the harsh conditions of fusion, researchers might be able to design materials that boost the reaction in specific conditions, similar to the way catalysts speed up chemical processes. “It gives you a new knob to turn that you didn’t have before,” said Arun Persaud, head of the Fusion Science & Ion Beam Technology group in Berkeley Lab’s Accelerator Technology & Applied Physics (ATAP) Division. “If we understand this effect better, it opens the door to engineering new materials that would affect the fusion rate under certain conditions. Someday future progress might enable more compact and efficient neutron generators, which have all kinds of applications, like cargo screening, planetary science, and medical therapy and imaging.” In the experiment, researchers used two different methods to pack deuterium, a heavy form of hydrogen atoms that is often used in fusion, into thin foils of palladium and titanium. They then fired a beam of deuterium ions at the foils at different energies and measured how often fusion happened. Then they compared the rates from the different materials and methods with the “bare” fusion reaction (not in a material). The team found that fusion rates depended on how the deuterium was loaded into the metal foils. The biggest effect was at the lowest energies, below 2.5 kiloelectronvolts (keV), where theory predicts fusion rates drop off sharply. Instead, researchers found a surprising plateau: Some samples showed elevated fusion rates roughly a quintillion times higher than bare fusion reactions. (A quintillion is a 1 followed by 18 zeroes.) Researchers are not exactly sure why that’s happening, though they have some ideas and ways to test them. The electrons and defects within the material might partially shield repulsive electrostatic forces between deuterium nuclei, making it easier for them to get close together and fuse. Tuning the electronic structure, defects, and composition of materials could help make nuclear reactions happen more readily. “It comes down to better understanding the mechanism so that we can try to enhance it,” said corresponding author Jeremy Munday, a professor at UC Davis. “We’ve seen that we can increase fusion rates, but what is the limit? Can we bring it to lower temperatures or energies? There’s obviously a lot of interest and excitement about fusion, so if there’s something we can learn about the physics at these lower energy scales, maybe there’s something we can translate to other areas of nuclear science.” The team plans to explore a wider range of materials and continue probing the unexpected fusion plateau at lower energies. Their work establishes a reproducible experimental platform to study how solid materials influence nuclear reactions, creating a new area of research that links fusion science with materials science and chemistry. “The work shows conclusively that the material environment where fusion occurs at low temperatures is an active participant rather than a passive container,” said Cameron Geddes, director of ATAP. “That adds a new dimension to fusion research.” This work was funded by the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E). ### Lawrence Berkeley National Laboratory (Berkeley Lab) is committed to groundbreaking research focused on discovery science and solutions for abundant and reliable energy supplies. The lab’s expertise spans materials, chemistry, physics, biology, earth and environmental science, mathematics, and computing. Researchers from around the world rely on the lab’s world-class scientific facilities for their own pioneering research. Founded in 1931 on the belief that the biggest problems are best addressed by teams, Berkeley Lab and its scientists have been recognized with 17 Nobel Prizes. Berkeley Lab is a multiprogram national laboratory managed by the University of California for the U.S. Department of Energy’s Office of Science. DOE’s Office of Science is the single largest supporter of basic research in the physical sciences in the United States, and is working to address some of the most pressing challenges of our time. For more information, please visit energy.gov/science.
Federal government to spend $5B on AI-powered health, infrastructure research
More than 15 federal agencies will use AI to investigate the root causes of chronic diseases, develop treatments for pediatric cancer, expedite the discovery of prescription drugs and enhance U.S. energy infrastructure, among other related…
Mamdani battles politics tied to Legionnaires', failed Israeli PM arrest threat
Since discovering the outbreak in early July, five New Yorkers have died from Legionnaires' disease.
ENTERTAINMENT: New exhibits show watershed, ‘Fish Guy’ paintings
Discover free art exhibitions, engaging events, and community celebrations in Little Rock from now until October.
Emory receives U.S. Genesis Mission award to speed discovery through AI
Emory physicists will lead a team using AI to advance understanding of the fluid dynamics of plasma — from the lab to the cosmos — through the Department of Energy’s Genesis Mission.
5 projects at UW–Madison aimed at transforming science and energy with AI receive DOE Genesis Mission funding
The projects, spanning fusion to critical minerals, are among 278 funded awards to national labs, companies, universities and non-profits in order to accelerate breakthroughs in energy, scientific discovery and national security through a new platform that combines AI, supercomputing, quantum systems and advanced scientific instruments.
USDA NIFA NEXTGEN Animal Science Discovery Program Expands National Reach in Third Summer
New Sustainable Urban Agriculture track, expanded student cohort and growing institutional partnerships highlight the USDA-funded initiative preparing the next generation of agriculture professionals. The USDA NIFA NEXTGEN Animal Science Discovery Program (ANSCId) concluded its third summer on July 10 with a closing ceremony at the Douglass Student Center, Trayes Hall, on the Rutgers–New Brunswick campus. […]
Government Contracting Surges, But Not for All
New report reveals federal small business contracting meets targets amid policy shifts. Discover mixed results and procurement changes affecting contractors.
Department of Energy's New AI-for-Science ‘Genesis Mission’ Awards Funding to 5 UT Research Projects
Five UT teams have been awarded funding from the DOE’s Genesis Mission, an initiative working to harness artificial intelligence for advances in energy dominance, discovery science and national security.
Which Bills Starter Could Lose His Job In 2026?
As Joe Brady takes the reins, guard Alec Anderson faces a pivotal season. Discover why this returning veteran sits on the hot seat amidst Buffalo’s roster overhaul.
Scientists discover hidden gateways that allow the brain to clear waste
The brain continuously produces metabolic waste that must be removed to maintain healthy function. Cerebrospinal fluid (CSF) plays a central role in this process by carrying away proteins such as amyloid-β, ...
Carnegie Mellon's AI Science Foundry Selected by NSF To Help Build National Infrastructure for AI-Enabled Scientific Discovery
Carnegie Mellon University's AI Science Foundry, one of the world's most advanced AI-powered research facilities, has been selected as a node in the U.S. National Science Foundation's (NSF) Programmable Cloud Laboratory (PCL) Testbed, a national initiative to build a network of AI-enabled laboratories.
Great Barrier Reef microbiome mapped as researchers discover 500 bacterial species previously unknown to science
Research identifies 808,585 viral genomes belonging to what scientists estimate to be 362,802 different viruses
Berkeley Lab to Lead 13 New Genesis Mission AI Projects
Researchers will apply AI, supercomputing, and advanced instruments to accelerate discoveries for energy, science, and national security.
Wyss Institute receives Massachusetts Life Science Center award to advance metabolomics and lipidomics research across Massachusetts ecosystem
By Benjamin Boettner (BOSTON) — The Wyss Institute at Harvard University has received an award from the Massachusetts Life Science Center (MLSC), enabling it to host a next-generation metabolomics and lipidomics analytical platform. The platform will allow its researchers to creatively pursue new approaches to biomarker and drug discovery across multiple health challenges the Institute...
US to spend $5 billion on health, construction research powered by AI
Agencies will use the funding to identify the root causes of chronic diseases, accelerate drug discovery, develop longer-lasting building materials.
Advancing the next era of national science
OpenAI outlines its commitment to advancing American science working with the U.S. Department of Energy and national labs to use frontier AI to accelerate discovery.
Sunlight Boosts Fertility? What Scientists Have Discovered Will Surprise You - Futura-Sciences
Vitamin D, Sunlight, and Sperm: Digging Into the Science A meta-analysis published in the journal Biomedicines reviewed several observational studies that all pointed to a significant link between vitamin D levels—which are mainly produced in humans through sunlight exposure—and sperm characteristics. These studies also suggested a connection between higher blood...
Powering America's Genesis Mission: Microsoft's commitment to scientific discovery
Today, we’re excited to share a long-term commitment to the Department of Energy’s (DOE) Genesis Mission, backed by a $60 million investment designed to accelerate AI for science and the breakthroughs it can deliver for the country. This deepened commitment includes Microsoft’s new Scientific Partnership Advancing Research & Knowledge coordination hub and program office, otherwise...
DOE Unveils First Genesis Mission Awards for AI-Driven Science
Nearly 300 projects selected from historic RFA response spanning all 50 states to accelerate breakthroughs in energy, discovery science, and national security. WASHINGTON, July 22, 2026 — The U.S. Department of Energy (DOE) today announced the first projects selected under the Genesis Mission Request for Applications (RFA). The national portfolio of research teams will help develop […]
Fresno Discovery Center bringing science for students and families
The Fresno Discovery Center is where science comes to life for students and families.
'Double Helix’ artwork illuminates the beauty of science in motion
Near the main entrance of The University of Texas at San Antonio’s Health Science Center campus, a striking metallic “Double Helix” sculpture greets thousands of drivers each day as they make their way through the South Texas Medical Center — a metropolis of discovery, education, research and innovation. Rising skyward, the angled aluminum sculpture […]
Beyond the byline: Rediscovering the magic of pure sports fandom
How my experience at Fanatics Fest 2026 resurrected my inner child.
Susumu Tonegawa Dies at 86; Nobel Laureate Showed How Antibodies Fight Infection
The first Japanese scientist to win the Nobel Prize in Physiology or Medicine, he went on to discover how memories are stored, advancing understanding of how the brain works.
Researchers gather at Cornell Tech to explore AI for molecular science
Researchers from around the world gathered at Cornell Tech for a workshop exploring how physics-aware artificial intelligence can accelerate the discovery of molecules and materials while improving the reliability of machine learning models.
Munson Army Health Center Open House: Discover Your Medical Home at Fort Leavenworth
FORT LEAVENWORTH, Kansas -- Whether you're new to Fort Leavenworth or have been part of our community for years, we invite you to join us for the Munson Army Health Center Open House, Wednesday, Aug. 12. Stop by anytime from 1 to 3 p.m. to meet the healthcare professionals who support Soldiers, families, retirees and other eligible beneficiaries. Learn about the many services available to help you stay healthy, mission ready and informed.
Behind the Science: Can IL-6 Improve Cardiovascular Risk Assessment? Findings From the CCC Study
Discover the socio-demographic impacts on cardiovascular mortality in our JACC webinar. Join experts as they share insights and strategies for better heart health.
Scientists discover sugar in interstellar space
The first detection of sugar in the interstellar medium could shed more light on how life began on Earth
Freedom, trust and the future of science: Nobel laureates reflect on the ideas shaping tomorrow
Behind every scientific discovery are years, sometimes decades, of fundamental research, failed experiments, uncertain funding, international collaboration and the freedom to pursue questions without knowing where they might lead. The Nobel laureates recently gathered at the 75th Lindau Nobel Laureate Meeting in Germany argued that scientific breakthroughs depend on far more than brilliant ideas alone. Those conversations unfolded against the backdrop of Russia’s full-scale war against Ukraine, ongoing conflicts in the Middle East and growing geopolitical competition. The question running through the discussions was therefore broader than science itself: what conditions make discovery possible? ‘Europe is a space of freedom’
The supplement behind the C15:0 trend is now available as a gummy
The popular Fatty15 supplement is now available in gummy form. Discover the benefits of C15:0, ingredients, flavor and current pricing.
NY Attorney Letitia James praises federal judge’s ruling to pause entertainment industry merger
A FEDERAL JUDGE’S restraining order on Monday halts an $81 million Paramount/Warner Brothers Discovery merger.
Where science meets the shoreline, Iowa Lakeside Laboratory builds for the future
Construction is underway on a new Innovation and Discovery Lab at Iowa Lakeside Laboratory that will expand hands-on learning for students of all ages. The new space will also support research to better understand and protect the water quality of the Iowa Great Lakes.
New grant to improve discovery of potential diagnostic, therapeutic molecules
Carly Schissel, assistant professor of chemistry, is part of a multi-institution team that has been selected to receive funding from the Scialog: Automating Chemical Laboratories initiative. The initiative supports teams of early-career scientists doing fundamental science to accelerate advances in laboratory technologies using automation and artificial intelligence.
AEW CEO Tony Khan: The Paramount deal for Warner Bros. Discovery would be great for my wrestling business
Why Tony Khan says this mega media merger would be a "huge opportunity" for AEW.
Switch 2 modding scene makes new breakthrough, but Nintendo safe from piracy
A new breakthrough was recently made within the Switch 2 modding scene, but Nintendo can rest easy knowing that piracy still isn’t an issue at the moment. You may remember that with the original Nintendo Switch, piracy became a major problem pretty early on. Significant vulnerabilities were discovered less than a year after the console launch. Nintendo was unfortunately unable...
Science that spans borders
Argonne welcomes three Japanese students through the U.S.-Japan MEXT pilot program, which builds the next generation of the STEM workforce through international partnership and mentorship, expands discovery and fosters collaboration.
Bristol Myers Squibb Building Life Science Industry’s Most Advanced AI Factory on NVIDIA Vera Rubin
The pharmaceutical company has demonstrated how AI can transform how drugs discovery and is now scaling AI across R&D to accelerate the discovery of next-generation medicines.
Scientists have found an ancient sea worm with jaws made from a mysterious 'bio-metal' never encountered before, a discovery that could rewrite what we know about nature
Imagine you’re playing “20 Questions” and you start with the classic opener: “Animal, vegetable, or mineral?” Most of the time, a sea worm would be an easy answer: animal. But one particular marine species, the ancient and still-living bristle worm Perinereis cultrifera, complicates that simple choice.
WAIC explainer: What is AI for Science?
What if artificial intelligence (AI) could help scientists make discoveries never before imagined?That's one of the themes at this year's World Artificial Intelligence Conference (WAIC) in Shanghai. It's called AI for Science. Simply put, it means using
LA sports figure Jeff Pearlman admits Angels have helped him ‘rediscover his love for baseball’
It’s been a long and exhausting season for the Angels, but it appears the team has helped at least one fan rediscover his love for baseball. New York Times award-winning...
Scientists discover a protein that protects the brain from Alzheimer’s damage
A protein called SORLA may act as a powerful defense against the toxic tau tangles involved in Alzheimer’s disease. Mice with extra SORLA had less tau accumulation, less brain atrophy, and healthier connections between neurons, while mice without it experienced more severe damage. The findings also revealed a possible drug target that could help control harmful activity in supporting brain cells.
Sharks, sutures & science
From learning how to do surgical sutures on a silicone mat to exploring the anatomy of sharks, frogs and other animals, students are diving into hands-on wildlife science this summer during the Clinic for the Rehabilitation of Wildlife's Conservation Summer Camp. With various camps designed for students in kindergarten through 12th grade, CROW's annual camp combines wildlife conservation, veterinary medicine and outdoor discovery through
Best Entertainment Stocks To Follow Now
Verizon Communications, Walt Disney, Warner Bros. Discovery, Autodesk, SEA, Take-Two Interactive Software, and FOX are the seven Entertainment stocks to watch today, according to MarketBeat's stock screener tool. Entertainment stocks are shares of companies involved in creating, distributing, or mo
'It's absolutely exciting!': Astronomers discover an atmosphere around an Earth-like planet in the habitable zone for first time ever
Astronomers have detected helium escaping from the super-Earth LHS 1140 b, providing the strongest evidence yet that a rocky planet in another star's habitable zone has retained an atmosphere for billions of years.
Plants that make real dairy protein? Scientists discover an unexpected shortcut
What if the plants growing in a field could one day produce the same proteins that give milk its nutrition, texture and cheese-making properties? A new study brings that possibility a step closer by revealing ...
Scientists just discovered a lost branch of Australia’s marsupials
Fossils from Queensland suggest a newly recognized marsupial order may have survived in Australia for around 35 million years, rewriting part of the story of how the continent's unique mammals evolved. The discovery challenges the idea that Australia's marsupials all came from a single straightforward ancestral lineage.
Discover The Connection Between Science And The Science Fiction Of Project Hail Mary July 21 At Nature Center
PEEC News: Pajarito Environmental Education Center (PEEC) invites the community to dive deeper into Project Hail Mary with, “The Science of Project Hail Mary,” 7-8 p.m. Tuesday, July 21, in the Planetarium at the Los Alamos Nature Center. This light hearted presentation is sure to amuse scientists and science fiction fans alike. Learn more about […]
Promising Entertainment Stocks To Watch Today
Verizon Communications, Walt Disney, Warner Bros. Discovery, Autodesk, and SEA are the five Entertainment stocks to watch today, according to MarketBeat's stock screener tool. Entertainment stocks are shares of companies that create, produce, distribute, or monetize leisure and media experiences, s
PEEC: Discover The Connection Between Science And The Science Fiction Of Project Hail Mary
PEEC NEWS RELEASE Did you enjoy the story of Project Hail Mary, question? Pajarito Environmental Education Center (PEEC) invites you to dive deeper with, “The Science of Project Hail Mary,” on Tues…
Science news this week: Gold tongues discovered in tombs, sugar found in space, a new monkey identified in the Congolian rainforest, and ancient impact crater 'geoguessed' by an amateur astronomer
July 18, 2026: Our weekly roundup of the latest science in the news, as well as a few fascinating articles to keep you entertained over the weekend
Young musician dead at 23: His body was just discovered a year after he went missing
He went for a hike last year and disappeared.
Finding My Sunderland Family in America
For years, supporting Sunderland in America felt like a lonely journey. How did one pre-season tour help one fan discover a community he never knew existed?
Bill Barnwell Makes Bold Claims on Minnesota Vikings Roster
From Justin Jefferson's staggering trade value to surprise inclusions like Donovan Jackson, discover why three cornerstone stars could command an unprecedented haul of future first-round draft picks.
UT San Antonio academic health center ranked among nation’s best for entrepreneurial readiness
UT Health San Antonio, The University of Texas at San Antonio’s academic health center, has been recognized as one of the nation’s top 10 institutions for entrepreneurial readiness, ranking No. 7 in the inaugural Cure Innovation Index for how effectively it helps researchers translate scientific discovery into real-world impact through biomedical innovation and commercialization. […]
As AI spending surges, return-on-investment questions mount
The rapid expansion of artificial intelligence is creating major opportunities while also exposing companies to significant financial risks, The New York Times reports. Larry Ellison and his son are using Oracle-generated wealth to expand into media, with control of Paramount and a potential takeover bid for Warner Bros. Discovery. Meanwhile, Oracle is facing financial pressure […]
‘I am closing the door’: Katie Porter to leave politics, become a book influencer
The former Democratic U.S. representative is pivoting to her rediscovered passion for reading and books.
Toxic blue-green algae prompts health alerts at three Nebraska recreation areas
A health alert has been issued after harmful algal blooms, or toxic blue-green algae, were discovered at a Nebraska recreation area, reservoir and lake.
Rare Pair of Improbably Light ‘Super-Puff’ Planets Is Discovered
They’re less dense than cotton candy, and they will help astrophysicists better understand the most unusual ways giant planets can form.
Rock music pioneer known for discovering legendary band dead at 83
He had been in hospice for several weeks.
Virginie Bridoux - A life shaped by sports volunteering: "There's simply nothing else like it"
French volunteer Virginie Bridoux began her journey as a sports event volunteer 20 years ago, saying it made her "a better person". Discover her story and sign up to follow in her footsteps and become a volunteer for LA28.
Scientists discovered a plastic-eating fungus in the Amazon rainforest that survives without oxygen and could one day help tackle landfill waste worldwide
Deep within the Ecuadorian Amazon rainforest, scientists discovered a fungus with an extraordinary ability that could offer new clues in the fight against plastic pollution. Known as Pestalotiopsis microspora, the fungus can break down polyester polyurethane, a widely used type of plastic, and use it as a source of carbon.
Earth-like exoplanet could have life-supporting water on its surface
Scientists discover the first confirmed atmosphere in habitable zone outside our solar system on LHS 1140b
Scientists Discover a Planet With the Most Earth-like Conditions Yet
The discovery boosts the chances of finding extraterrestrial life.
Senate Weighs How to Measure Science Edge Over China
Senate committee investigates how the U.S. tracks scientific progress and maintains competitive edge against China. Discover implications for research funding.
Harvard scientists detect atmosphere on distant ‘Earth-like’ planet
The first-of-its-kind discovery is expected to set off a search for signs of life.
Science for the final mile: Researchers gather to shape the future of polio eradication
For more than half a century, scientific discovery has helped protect millions of children from one of the world's most feared diseases. Today, as the world
Scientists finally solved how a common gut bacterium triggers colon cancer
Researchers solved a long-standing mystery behind how a bacterial toxin associated with colorectal cancer damages the colon. The toxin first binds to a receptor called claudin-4, giving it access to attack the cells' protective barrier. After identifying this weak point, the team designed a decoy protein that successfully blocked the toxin in mice. The discovery could pave the way for new therapies to prevent inflammation and colon tumors.
The States Try to Topple WarnerMount…Thus Begins the Local Antitrust Era
(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.) Well, it looks like it’s time for another strategy column. Can I finally avoid writing about M&A? No, it seems I cannot. Admittedly, I’m a week early with this column, since I usually put it out every other week. But this news couldn’t wait. This will make three “Most Important Stories” in a row with a merger or acquisition as its centerpiece. First, Roku-Fox (an acquisition), then Comcast-NBCUniversal (a divestment!), and now the State AGs and the WGA’s lawsuits against Paramount’s pursuit of Warner Bros. Discovery (antitrust). M&A is usually the “most important” topic any given week, simply because a giant company merging or breaking up (or preventing those outcomes) can have the biggest impact on the streaming board. If you think about these companies as players in a game, changing the number of players is one of the biggest changes you can make. I shouldn’t really complain, either, since this lawsuit is very good news for customers and suppliers (econ speak for talent, workers and indie studios in Hollywood). So let me answer some questions about this potential trial, along with (shudder) making some heavily caveated predictions. I’ll also look at whether Hollywood must consolidate, whether or not the states can win, trouble at X-Box, Netflix’s YouTube binge, and more. Plus, I have five images that visualize this merger and the harm, including three brand new data looks you’ve never seen before. Subscribe Most Important Story of the Week - Can The States and the WGA Stop Hollywood’s Consolidation (Crisis)? If every other newsletter and news outlet is writing about the same story, I try to avoid writing about it as well, but I can’t ignore a story this consequential. The story of the last year was the fate of Warner Bros. Discovery, and this development potentially extends that saga into 2027. As I tried to figure out my angle, I realized, like my last column, I’m again faced with a series of questions. These questions, though, are much more forward-looking. Will the states win? Will the WGA win? If so, what happens to Warner Bros. Discovery? Either way, will this chill the market for future mergers? So you know what that means: predictions. About the future, no less, the hardest thing to predict.1 Just remember: nothing here comes with a guarantee. And the more confident someone is in their predictions, the less you should trust them. This situation is incredibly fluid, nuanced, uncertain and tenuous. So let’s try to explain what may happen. Question: Why File this Lawsuit? I’ll admit, a few months back, I was fairly pessimistic about the fate of this lawsuit. Rumors had started bubbling up that the state Attorneys General (in particular California) wanted to settle with either some minor divestments (usually CNN) or behavioral remedies. And that tracked for me: the states usually settle lawsuits, like the recent John Deere right-to-repair suit. Yet, they plan to fight this. (As they did the LiveNation-Ticketmaster monopolization trial and the Nexstar-Tegna merger.) Honestly, that also makes a ton of sense. Frankly, this move is just good politics for these State AGs. Most are still running for higher and higher office in blue states—some folks have emphasized that only Democratic AGs joined this suit, but given the Ellison/Trump ties, and fears of retribution, that tracks—and a high profile case like this will help them move up the electoral ladder, especially since Paramount and its leadership (the Ellisons, father and heir) have sided with the other side of the political aisle. That makes them unsympathetic to Democratic voters and Hollywood workers in particular. Why did this lawsuit happen? In addition to the very real concerns about industry consolidation, this is why. That said, I don’t think we would have seen this lawsuit for Netflix and Warner Bros., simply because they’re more sympathetic and aligned with Democrats. But those consolidation concerns are real. The “town”—meaning Hollywood and such—really is seeing the damage of mergers on this industry. That’s why the WGA also filed its own lawsuit in defense of workers as well. (Wildcard: What about Europe? Will they try to stop the deal, too? There have been some rumors out of the UK they may try to fight the deal, and UK enforcers just stopped a Getty Images-Shutterstock tie up, so there is precedence. This argument could go either way, though. On one hand, the EU doesn’t need to step in, cause they states are handling it. On the other hand, this could make the EU’s case easier. Just imagine if both sides coordinated. I’ll simply say, “We’ll see!”) Question: Will The State AGs or the WGA Win? Can the state AGs play David to Paramount-Skydance’s Goliath here? That’s really the whole thing, isn’t it? If you know this result, you could make a lot of money. When things are uncertain, it’s tempting to shrug and say, “Eh” meaning it’s a 50/50 proposition. I wouldn’t, though. When in doubt, you should expect that the merging parties succeed. AT&T did successfully buy Warner Bros., after all, and Disney bought Fox without any challenges. Many judges are extremely sympathetic to mergers, and I’d bet the state AGs get a judge who will allow the merger. (Even Obama-appointed judges often allow mergers.) As I understand it, we’ll see two main attacks. First, theatrical films. The AGs are arguing that, when it comes to share of box office and the number of both “wide releases” and blockbuster (or “tentpole”) films, the merging parties will have over 27% market share. Now, the Supreme Court once ruled from on high that any merger that exceeds 30% is presumptively illegal, but that’s guidance, not an ironclad bar. Still, the states will have to argue that this is close to having too much power, and with that power, this will likely further worsen the theater/studio splits in particular. Indeed, as Matthew Stoller pointed out, “just five studios are responsible for 95% of all blockbusters; if this merger goes through, then Paramount and Disney will control 60% of that.” So yes, movie studios will be very concentrated after this merger. Want me to visualize some of that? Well, here’s the share of films that grossed over $200 million at the domestic box office since 2022. (Note: this isn’t all films released in over 3,000 screens, but it is a good look at market power.) First, here are the 43 films by studio: Notice all the blue (Disney), orange (Universal), and purple (Warner Bros)? Yeah, those studios are powerful, and this combines Paramount with one of them. Here’s the look by studio and share of the films that grossed over $200 million: Now, if you look at that and also think, “Huh, should we break up Disney?” I’m with you. I’ve seen some folks poo-poo this idea that this is a real category, but it is! For an upcoming article, I’ve been pulling data on the share of top 100 films at the box office as a share of total box office, and it’s massive. Here’s the chart: (This analysis looks at The-Number’s top 100 films and total domestic box office each year.) To be clear, tentpoles make up 80.7% of the box office each year, so I do think it’s a genuine market. (To be clear, films grossing over $50 million make up 80% of the domestic box office, and films grossing over $100 million make up 64.1%.) I mean, the top 100 films at the box office make up 95% of each year’s grosses. Worse, the combined studios will likely cut output to flex that market power. Everyone can just look at what happened to Disney and Fox to see the precedent. (With fewer films, the remaining theaters have to give more for those few films that remain.) Here’s an image I’ve used a lot, the share of wide-release films from Disney and Fox over time: The AGs will also argue that this consolidation will also impact the cable industry. In this case, the consolidation is actually worse, but that environment is…complicated. Paramount will argue that the cable industry is shrinking. That said, predictions that cable will “go to zero” also don’t look very well supported by the data, as the declines are shrinking, meaning “cable” or “vMVPDs” will likely stabilize at some point. Can the state Attorneys General win on those two main arguments? I honestly don’t know. Again, I’d bet no, since history in general supports that, but it depends on the judge/jury and how they interpret the arguments. Notably, Paramount won’t face accusations about monopoly power in other areas, like streaming, news, sports rights, or vertical integration. I tend to disagree with leaving out sports rights, but I also see the appeal for a simpler case. The states also aren’t really pushing novel theories about labor harm either, which should help. (By the way, Sean McNulty at The Ankler wrote a great run through of potential options, and Capitol Forum also wrote a great paper on theatrical consolidation. Both these pieces predated the lawsuit. Matthew Stoller is also out with his analysis of the pros and cons of the case too.) In some ways, the WGA’s case is even stronger. Quoting Sean McNulty’s summary: “The WGA is citing WARNAMOUNT as crossing a 30% market share in multiple sectors, a number that the Supreme Court has precedent for deeming “presumptively anticompetitive” in a market. According to the WGA numbers, WARNAMOUNT would have represented: - 35% of film writing jobs between 2021 and 2024 - 36% of TV writing projects between 2022 and 2025 - 38% of overall deals between 2021 and 2024” Notably, antitrust enforcers did win recently in the Penguin-Simon & Schuster merger by focusing on labor impact, so don’t count this thinking out. (Wildcard: Will the states try to get a jury trial? Most likely no, they’ll let a judge handle it. If I’m them, though, I’d try to put this in front of a jury. Juries tend to understand monopoly power in a more realistic way than judges faced with legions of economists.) Question: What if They Win? What if They Lose?
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