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Beijing Zhongke WengeAI Science And Technology (SEHK:1956) Stock Could Be Pricey Following Its DocuMind Launch
Beijing Zhongke WengeAI Science and Technology has seen its share price under pressure this year, which puts a spotlight on what investors are really paying for its sales today. With the stock moving and the business pushing deeper into AI document intelligence, the open question is how well the current valuation lines up with the revenue the company is generating. The share price is down 38.6% year to date. This makes the link between Beijing Zhongke WengeAI Science and Technology's current...
New York's gambling tax revenue faces prediction market growth
Online sports betting has generated over a billion in tax revenue for New York, but prediction markets could take a bite out of that.
A Flaw in ChatGPT’s Mac App Could Have Let Hackers Grab Sensitive Data
While the focus has been on AI agents’ hacking capabilities, a recently patched vulnerability in a ChatGPT app shows that AI software is itself an inviting—and vulnerable—target.
What Could Make or Break Florida State Against Virginia
Florida State enters a critical matchup with Virginia needing strong quarterback play and a better defensive performance to pull off the big win.
What your eyes could reveal about your heart health
Retinal images could contain information about future cardiovascular risk, including atrial fibrillation.
Could FSU's traditional athletics director job be split into three?
Florida State's ongoing athletics leadership turmoil is about far more than hiring the next athletics director.
Affordability is on voters’ minds in Pa. swing districts as the cost of gas and groceries skyrockets
The cost of living is the rise as the war in Iran continues. That could hurt Trump-aligned incumbents in key Pennsylvania swing districts.
Ford recalls more than 40,000 trucks and SUVs over visibility risk
Ford is recalling more than 40,000 vehicles due to a headlight issue that could reduce the driver's visibility and increase the risk of a crash.
Scientists Invent Underwater Umbrellas to Protect Coral Reefs—and It Appears to Be Working
The world's coral reefs are in crisis, but a crafty solution could help.
Health insurance rates could increase 21%+ for Minnesotans in 2027
Minnesotans who buy their own health insurance or are covered through a small business could see significant rate increases in 2027. FOX 9's Mike Manzoni has the story.
Self-Care in the Chaos: Men’s Mental Health Meet-Up
The topic this month was “Self-care in the chaos,” and it couldn’t have been more appropriate given the days leading up to the meeting. Successful events downtown, a multi-school reunion…all bringing out the best in people. But overnight, violence had erupted for a group of teenagers, leaving the community wondering what happened. It’s the fourth […]
Three Starting Pitchers Mets Could Realistically Land In Offseason
Flyers suffer overtime loss to Devils, drop first two games of season
The Flyers couldn’t bounce back from their dreadful season opener as they fell to the Devils, 3-2, in OT.
Detroit Lions Could Get Unexpected Advantage vs. Panthers
Rain could impact Lions-Panthers on Sunday Night Football, but Jake Bates and Detroit's physical style could give the Lions an unexpected advantage.
Vance talks 2028, Ted Cruz and a tough midterm climate that could factor into his future
In an interview with NBC News, Vance said he is cautiously optimistic that Republicans’ numbers are improving even as concerns about the war and gas prices take a political toll.
Scientists just pushed superconductors beyond their usual current limit
Ultrashort electrical pulses allowed scientists to push superconductors closer than ever to the point where their electron pairs actually break apart. The method revealed hidden differences between superconducting materials and could open new ways to probe and control their quantum behavior.
Minnesota health officials says hospital mergers often lead to higher patient costs
Lawmakers and state regulators are considering how health system mergers could cost Minnesotans.
Aaron Donald misses 2nd straight practice with back injury
Aaron Donald is still dealing with a sore back that could put his status for Sunday in jeopardy.
Potential RJ Barrett Extension Could Depend on One Key Factor
There's only so much money to go around with Kawhi Leonard now on the team, but re-signing Barrett may not make sense after this season.
3 UK Exporter Stocks That Could Hold Up Better If Politics Shifts
UK politics is being ripped up again, with talk of a more left leaning Labour government under Andy Burnham, possible electoral reform and even Brexit being revisited. That mix is shaking assumptions about regulation, tax and the pound, which can punish some domestically focused groups while leaving certain global exporters relatively better placed. This article walks through three UK large cap stocks exposed to this news and explains how their international reach could matter for your...
This week in science: Loud birds, eating with company, and asteroid samples
NPR's Short Wave podcast talks about really loud birds, the benefits of eating with company and what asteroid samples could tell us about the early Earth.
Health insurance rates could increase 21%+ for Minnesotans in 2027
Minnesotans who buy their own health insurance or are covered through a small business could see significant rate increases in 2027.
Higher daily step counts linked to better teenage mental health
Every extra walk to school, kickabout in the park or trip to the shops could be doing more for teenage mental health than first thought, according to new research tracking thousands of adolescents in the US.
Disney plans restructuring of television business, WSJ reports
Oct 1 (Reuters) - Walt Disney plans a restructuring of its television business that could result in hundreds of layoffs and the consolidation of divisions, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Rutgers Experts Available to Discuss Implications of Proposed 2030 Census Changes for Research and Public Health
A proposed Census Bureau rule could change the demographic information collected through the 2030 Census — eliminating questions on race, ethnicity, and sexual orientation — with potential implications for population health research and the use of Census data. The Census Bureau has invited the public to comment on this proposal by October 13, 2026. Rutgers experts available to discuss the proposed changes include Cristine Delnevo, Director of the Rutgers Institute for Nicotine and
Ms. Rachel mixes politics with preschool fame as toy expert weighs whether controversy could impact sales
James Zahn, editor-in-chief of "The Toy Book," weighs in on Ms. Rachel’s political statements and explains why controversy may not have much impact on her booming children’s brand.
Expert reveals US business owners set to bear brunt of Canadian tariff fallout as trade war uncertainty looms
Karan Ramchandani says Trump's import bans on Canadian dairy, alcohol and automobiles could trigger inflation as production costs hit consumers.
GA Sec. State Nominee, NJ-7 & Aviation Politics
GA Sec. State GOP nominee Tim Fleming, the battle for NJ-7 and how aviation is shaping politics—and could be impacted by the midterms.
GA Sec. State Nominee, NJ-7 & Aviation Politics
GA Sec. State GOP nominee Tim Fleming, the battle for NJ-7 and how aviation is shaping politics—and could be impacted by the midterms.
GA Sec. State Nominee, NJ-7 & Aviation Politics
GA Sec. State GOP nominee Tim Fleming, the battle for NJ-7 and how aviation is shaping politics—and could be impacted by the midterms.
Allowing remote access to WIC nutrition, health benefits could keep more children enrolled | Harvard T.H. Chan School of Public Health
Allowing families to recertify their WIC eligibility remotely helped keep more kids in the program, according to a new Harvard Chan School study.
Could Congress Reshape the Next Round of Conference Realignment?
The Protect College Sports Act could limit the growth of the wealthiest conferences while making successful Mountain West programs more attractive for future expansion. By Roger A. Holien | Mountain West Connection College football realignment has largely been driven by television contracts, conference revenue, and schools seeking greater national exposure. Now, Congress could influence what […]
Could Packers start Mekhi Becton at right tackle?
Mekhi Becton could be a better option for the Packers than Anthony Belton at right tackle based on their respective experience in the NFL.
Judge permanently dismisses Trump administration's case charging ex-Olympian with Reflecting Pool vandalism
A judge in the nation’s capital agreed on Thursday to permanently dismiss a criminal case charging a former Olympian with vandalizing the Lincoln Memorial Reflecting Pool, a move that could prevent federal prosecutors from reviving the case under political pressure from President Donald Trump.
Higher daily step counts linked to fewer mental health problems in early adolescence
Every extra walk to school, casual soccer game in the park or trip to the store could be doing more for teenage mental health than first thought, according to new research tracking thousands of adolescents ...
Physicists unveil the most accurate atomic clock ever — and it could literally redefine the second
Physicists have used radioactive lutetium to create what they say is the most accurate atomic clock ever, keeping time perfectly up to 19 decimal places.
10 Democrat-held House seats Republicans could flip to save their majority
President Donald Trump's margins in redrawn districts fuel Republican hopes of flipping 10 Democratic House seats in the battle for Congress.
Trump's $500 Obamacare 'rebate' checks land in prime political battlegrounds
President Donald Trump's administration is sending $500 payments to nearly 1 million Americans this week, in a move that strategists say could potentially influence races that may determine whether his Republicans maintain control of Congress in the November midterm elections.
Trump's $500 Obamacare 'rebate' checks land in prime political battlegrounds
President Donald Trump's administration is sending $500 payments to nearly 1 million Americans this week, in a move that strategists say could potentially influence races that may determine whether his Republicans maintain control of Congress in the November midterm elections.
How you can help your grandparents age well, says researcher—it could benefit your well-being too
Being an involved grandparent is associated with positive health outcomes like a lower risk of mortality. Here's how it can benefit the entire family tree.
Artificial Intelligence Could Reshape Dealership Business Development Centers
Artificial intelligence could sharply reduce staffing inside automobile dealership Business Development Centers within the next two years, according to a prediction from Car Dealership Guy founder and CEO Yossi J. Levi.
Judge permanently drops case against ex-Olympian over Reflecting Pool vandalism
The decision could prevent federal prosecutors from reviving David Hearn’s case under political pressure from President Donald Trump
Ocean Floor “Pools Of Death” Could Be Key To Explaining The Origins Of Life On Earth, And Possibly Further Afield
Besides their importance for the search for life on other planets, these pools could help us find major mineral deposits.
New 76ers Wing Dean Wade Takes Parting Shot at Cavaliers
After swapping Cleveland for a star-studded Philadelphia roster, Dean Wade's compliment for his new team could come as a shot to Cavaliers after near title run this past season.
New ‘fire amoeba’ could assist scientists in finding alien life
Previous research has shown that complex multicellular organisms could only reproduce in temperatures up to 140 degrees.
Could GTA VI bring back casinos?
Bodog reports that while GTA VI hints at potential gambling elements, no confirmation for a full casino has been made ahead of its November 2026 release.
Could GTA VI bring back casinos?
Bodog reports that while GTA VI hints at potential gambling elements, no confirmation for a full casino has been made ahead of its November 2026 release.
MacBook Pro With OLED Touch Screen Rumored to Launch in October or November
On his first-ever Power On podcast today, Bloomberg's Mark Gurman said that he believes Apple will introduce its long-rumored 14-inch and 16-inch MacBook Pro models with touch-enabled OLED displays in October or November this year. "Apple, I believe, will introduce its first touchscreen MacBook Pro this fall, as early as October," he said. "It could slip to November, but as early as October".
Lukeba’s Return Could Be The Boost Demichelis Needs At Leipzig
The French defender’s recovery offers the tactical recovery speed essential for high-pressing football, providing the defensive security necessary to stabilize a struggling backline before a daunting fixture run.
What Could Brighton Achieve This Season?
A strong summer, a good start and some serious togetherness... Can Albion dare to dream?
Valve's Poker Face Around the Steam Deck 2 Is Finally Starting to Crack
Valve’s next-gen handheld could run the ‘Gainsborough’ chip, and only nerds will understand the significance.
‘HomePad’ could launch in these four colors, per leaker
Apple’s long-rumored ‘HomePad’ product is reportedly launching October 13, and a new leak reveals the colors it might launch in.
Could Mavs Rookie Force His Way Into Dusty May's Rotation?
The Athletic believes Sergio de Larrea could crack Dallas' rotation immediately and become one of the NBA's most entertaining rookies.
New “plant armor” more than triples strawberry yields
A new protective fabric boosted strawberry yields by as much as 3.56 times while blocking insects and still allowing sunlight, rain, and airflow to reach the plants. Originally inspired by research on military clothing, Plant Armor could also help farms reduce pesticide and water use.
This new qubit could be 100 times less error-prone in superfluid quantum computer breakthrough
A proposed qubit made with superfluid helium could cut quantum computing error rates by around 100 times by shielding quantum information from common forms of electromagnetic noise. If experiments confirm the predictions, the technology could eventually work alongside today’s superconducting qubits or serve as a new kind of quantum memory.
Time lost to political haggling means lost momentum for research
While it’s not up to universities to set deadlines for EU institutions, “lost time” in the run-up to the launch of the next Horizon Europe would translate into “lost momentum” for universities, according to Dag Rune Olsen, president of the Young European Research Universities Network.“I think it's important to have [the EU budget] in place in order to be able to work on the research funding mechanisms, because we cannot afford to lose more momentum than we already have,” Olsen told Science|Business in an interview in September, just after EU research lobbies gathered in Brussels to push for a €200 billion budget for the next Horizon Europe programme.A funding gap would mean ramping down research activities, said Olsen. “You can do that quite swiftly, that’s not a problem, but ramping up again is much more difficult.”The last-minute push for an ambitious budget, and for a timely adoption of the research programme, comes at a time when the richest EU states have teamed up to call for significant cuts to European Commission’s proposal for the next multiannual budget, which allocates €175 billion for Horizon Europe. At the same gathering of research associations in September, the European Parliament’s budget rapporteur warned that the EU will need to raise its own taxes, otherwise political pressure and tighter national budgets will translate into a limited EU budget with a less ambitious envelope for research. The research sector hopes EU institutions will reach timely agreement on the budget and on Horizon Europe, but progress has been slow. Legislative progress has been delayed, partly because the European Parliament’s budget committee is still haggling over how to apply new EU-wide spending rules, known as the Performance Framework Regulation, and partly because EU governments have yet to agree on the size of the next EU budget. EU research Commissioner Ekaterina Zaharieva told Science|Business in July that she was hoping for an agreement on Horizon Europe by the end of 2026, but the timelines have been pushed back significantly, with the Parliament now aiming to announce its official position on Horizon Europe only in November. Avoid the funding gapAccording to Olsen, delayed EU funds could prompt universities and researchers to move on and do something else, potentially jeopardising years of work building consortia and collaborations. “If funding is interrupted, the networks fall apart in just a few months,” he said. Olsen also noted that an interruption would affect junior researchers first. PhD students and postdocs are on shorter term contracts and universities risk losing them if funding for EU projects is interrupted. Related articlesEU own resources ‘essential’ for future research budget, says leading MEPParliament haggle over EU-wide spending rules delays vote on Horizon EuropeZaharieva hopes for a Horizon Europe deal in 2026Universities usually have more employees, permanent and short-term staff, than they can cover with national funding, and external funding is essential to keep them all on the payroll. In case of an EU funding gap, “there will be a huge number of people that might end up without any contracts,” he said. Apart from the money issue, Olsen said EU projects forces universities to collaborate more which, in turn, increases the quality of teaching and research. In case of a funding dip, people will look around for opportunities elsewhere, in the private sector or abroad. “And then then you have to recruit again, and it's a tedious business,” said Olsen. “A gap is not a good idea, it's actually a waste of money.”According to Olsen, the difficult political context should encourage universities to make a stronger case for the EU increasing research funding, as universities can deliver on competitiveness, technological sovereignty, security and defence. “The reason why we ask for substantial investments in research is exactly what the Commission, what Europe, the Parliament have been discussing,” he said. “You really need to invest in order to thrive in the longer run.”Focus on the member statesBut EU and national R&D expenditure hasn't kept up with the times. EU governments have failed to reach a spending target set almost 25 years ago. Only six EU countries spend 3% or more of their GDP on R&D. Asked whether universities should put more effort into convincing the governments to ramp up their own spending, but also to support a strong budget for Horizon Europe in the ongoing budget negotiations, Olsen said “the answer is yes.”“We are very actively encouraging our members to talk to their ministries in order to enlighten them about the joint effort,” he said. The network is made up of 25 universities from across Europe, all established in the past 60 years or so.Who will call the shots?Budget and timing issues aside, the Parliament’s research committee has been locked in behind-the-scenes negotiations over the future structure of Horizon Europe, with MEPs disagreeing on the degree to which its collaborative research should be governed by councils of experts.The European Parliament’s lead rapporteur on Horizon Europe wants councils of independent experts to decide on the funding agenda, but the Commission, the Council, and parts of the Parliament disagree. For Olsen, it is normal for politicians to point at the big challenges, but when they start detailing how those challenges should be solved, the endeavour “fails utterly.” He does not necessarily think that “bureaucrats who don’t know the field” would be “much better at it” either. “There has to be a combination” of broad political directions and bottom-up implementation, Olsen said.
Sapphire discovery could reshape future brain-inspired electronics
Using X-ray beams from Argonne’s Advanced Photon Source, researchers discovered that a substrate beneath a vanadium dioxide film is not just a passive host. Data reveal mutual interactions that could shape future low-power, brain-inspired computing.
Good science requires much more than evidence
Empiricists believe that scientific theories are true only if they make correct empirical predictions: if we can't verify these predictions, then there is no reason to expect that they tell us anything about reality. However, Professor of Philosophy at King's College David Kyle Johnson argues that this is mistaken. In response to Bas van Fraassen, who has written on this subject for the IAI, he argues that we have many reasons for believing a theory to be true, such as it being parsimonious and having large scope — qualities which have been used throughout the history of science as criteria for judging theories. In 2024, Princeton philosopher Bas van Fraassen wrote a short article for IAI News entitled “Science Does not Describe Reality: The Limits and Benefits of Explanation.” At the time, I was working on two projects (a science book and a Great Course) that, when completed, would (among other things) defend science’s ability to describe reality. I wanted to write a response to van Fraassen, but the projects demanded too much of my attention. But now that those projects are complete, I am in a position to explain the objections to van Fraassen’s thesis. Summarizing van Fraassen’s argumentIn a nutshell, his argument is this: What scientists do is make predictions based on theories and then invite others to test to see whether those predictions are borne out. “If theory T is right, result R should happen in experimental condition C.” Many think that running an experiment that shows that R happens in condition C is proof that theory T is true (and should be believed). But, van Fraassen argues, that R happened in condition C is only a reason to think that R happens in condition C. That’s the only observable, or empirical, result we can actually see, so that is all that we are really justified in believing. (The underlying theory that made that prediction still may or may not be true.) That is why he calls those who accept his position “empiricists.”Before I explain what is wrong with this position, let me explain what it gets right. What van Fraassen Gets RightFirst, a theory correctly predicting the results of an experiment is not, strictly speaking, “proof” that the theory is correct. The basic line of reasoning is this:If the theory T is true, result R should happen. Result R did happen. Thus, theory T is true.In other words:“If T then R. R. Thus, T.”This is a deductively invalid, fallacious mode of reasoning, called “affirming the consequent.” Those premises do not guarantee that the conclusion follows. “If I am in Pennsylvania, then I am in the USA. I am in the USA. Thus, I am in Pennsylvania.” Clearly that argument doesn’t guarantee its conclusion; neither does the above argument.However, science is not a deductive method of reasoning; it is an inductive one. And inductive arguments merely try to raise the probability of their conclusion, not “prove” them for certain. Thus, the fact that an experimental result doesn’t prove a theory is true is irrelevant; it’s not supposed to. That is not what scientific reasoning is about.___If the hypothesis that something exists clearly provides the best explanation for what we can observe, then the belief that it exists is what is rational.___Second, it’s also true that a single experimental result doesn’t provide enough justification to believe that a theory is true. Scientists do not come to a consensus about whether a theory is true by looking at a single experiment; they look at all the evidence to determine where the preponderance of evidence points. The mere fact that I am in the USA raises the probability that I am in Pennsylvania, but not nearly enough to conclude that I am in Pennsylvania. However, if I am also regularly encountering people wearing Eagles and Phillies hats and seeing advertisements for Founding Father tours, I probably am. In the same way, a theory successfully predicting the outcome of one experiment is not enough to conclude that it is true; but if a theory makes a wide variety of predictions that are all vindicated by multiple experiments, performed by many different groups and people, all actively trying to prove the theory false (which is what good scientific experiments are designed to do)—that is a good reason to conclude that the theory is true. In other words, if you repeatedly try to prove something false but can’t, that is a very good indication that it isn’t. The problem of underdeterminationIn reply, those whom van Fraassen calls “empiricists” often point to the “problem of underdetermination.” For any given theory that makes successful predictions about what happens in experimental conditions, there are countless other possible theories that make exactly the same predictions—and since they do, the experimental evidence in question is just as much reason to accept any of those theories as it is to accept our original one. Thus, the argument goes, we have no way of knowing whether our original theory is true, or one of the other “predictively equivalent” theories is true. SUGGESTED VIEWING How Occam's Razor changed the world With Johnjoe McFadden As an example of underdetermination, philosophers often offer this example. The evidence of fossils seems to provide reason to conclude that the universe is quite old; ancient fossils are what the “ancient universe” hypothesis predicts. But it’s also possible that God created an ancient-looking universe 200 years ago, complete with a “fake” fossil record for us to find, to make it look old. The existence of fossils is what that theory predicts too. So, the argument goes, the fossil record can’t be used as evidence that the universe is ancient; the fossil record supports the “200-year-old ancient-looking universe” theory just as much. The problem of underdetermination points out that, for any theory with supporting evidence, we could invent another completely different theory that predicts exactly the same evidence, and thus undermine that evidence’s ability to support the original theory.But this “argument from underdetermination” betrays a fundamental misunderstanding of what scientific reasoning is and how it works. To explain, let me use another rather strange (but very real and commonly discussed) philosophical thought experiment called “The Grue Problem.” The “Grue” ProblemSuppose I want to know what color emeralds are, so I observe a few, see that they all appear green, and form the theory that “all emeralds are green.” I thus predict that the next 100 emeralds I find will also appear to be green. And let’s say that happens, and so I thus conclude that my theory that all emeralds are green is true. Now, one might rightly point out that I don’t know for sure that all emeralds are green—I have not seen them all. Maybe some I haven’t found yet are blue. Fair enough. After all, we used to think that all swans were white, until we found some black ones. But let’s say that I go on a quest and collect every emerald in the universe—and, for the sake of the argument, let’s say I can do this, and can even know that I have every one of them. So, I collect them all, look at them all, and verify that they all appear green. Can’t I now rightly conclude that all emeralds are green?Inspired by the problem of underdetermination, a friend might argue that I cannot.Sure, they all appear green now—but there could be another kind of color called “grue.” Something is grue if it is green up to a certain point in time, but then spontaneously turns blue. And there could be an infinite number of “shades” of grue. Something that is one shade of grue will turn blue at noon today, but something that is another shade of grue will turn blue at noon tomorrow, etc. So yes, the emeralds appear green now; and since they haven’t turned blue yet, they are not some “past” shade of grue. But they might be some “future” shade of grue (e.g., they may turn blue at noon tomorrow). And since all future shades of grue are consistent with “being green up to this point in time,” the evidence you have is completely consistent with the notion that all emeralds are some future shade of grue, rather than green. Indeed, that they would appear green until now is what the “some future shade of grue” hypothesis predicts. So, we have just as much reason to conclude that all emeralds are some shade of grue as we do to conclude that they are green.You’re probably thinking “It’s not equally possible that the emeralds are grue; they are obviously green.” You are right! But explaining why your instinctive reaction to my friend’s argument is correct will help inform why van Fraassen’s “empiricist” is wrong and science actually does describe reality.The main mistake my friend makes is in thinking that the “empirical evidence” (of all the emeralds appearing green) is (or even should be) all I am using to draw the conclusion that all emeralds are green. It is not. I am also considering known facts about how colors typically work; things don’t usually change color, and when they do, they don’t do so suddenly, without cause, and all at once. So, even though the simple evidence of the emeralds all appearing green up to this point is consistent with them being some future shade of grue—that is even what the grue hypothesis “predicts”—it is still exceedingly unlikely that they are. The hypothesis that they are green is much more likely. Understanding science refutes the problem of underdetermination The misunderstanding about science that the “empiricist” pointing to “the problem of underdetermination” makes is similar to the one that my friend made. Science is not just about considering experimental evidence; in fact, it’s not even just about considering empirical evidence. As Ernan McMullin and many other philosophers of science have pointed out, the inference that makes science is “inference to the best explanation” (sometimes called “abduction” or “retroduction” by McMullin). While, depending on the circumstances, scientists use many different kinds of reasoning, science as a whole is, simply put, the process of considering multiple competing explanations and comparing them to certain criteria—explanatory criteria (the kinds of things explanations must be and do, by definition, to be a good explanation)—to see which explanation is the best.And these criteria do not deal only with empirical results. Yes, successful predictions raise the probability of a hypothesis, but it’s also the case that the more new assumptions a theory makes, the less likely it is to be true; every new assumption presents an opportunity for the theory to be false. (The fewer assumptions a theory makes, the simpler or “more parsimonious” it is said to be.) Likewise, the more existing evidence a theory contradicts, the less likely it is, because in order for a theory to be true, every piece of evidence it contradicts has to be somehow faulty. (The fewer established theories a new theory contradicts, the more “conservative” it is said to be.) And, obviously, the more something explains, the better explanation it is. (This is called having “scope.”) If a theory raises unanswerable questions, it’s not expanding our understanding, and thus is not wide-scoping. Scientists consider all these things when deciding which theory to accept, because the theory that adheres best to these explanatory criteria is most likely to be true.___the mere fact that a theory’s predictive success is why it “sticks around” or “becomes accepted” in the scientific community is not a reason to be skeptical about its truth.___The reason the grue hypothesis is no good is because it invents an entirely new kind of color—not just a new shade, but an entirely different category of color (a different way colors work)—and thus is not parsimonious. It raises unanswerable questions about how and why emeralds would just spontaneously change from green to blue (and thus does not have wide scope). And it contradicts what is already well established about how color works (and thus is unconservative).The theories that the problem of underdetermination points to do the same thing. Yes, the theory that God created an “ancient-looking universe” (complete with an ancient-looking fossil record) two hundred years ago is also consistent with the empirical evidence (of a fossil record) that presently exists; but that theory is monumentally unparsimonious (it requires many extra assumptions about infinite entities) and not wide-scoping (it raises unanswerable questions about why God would do such a thing). So, I can rationally conclude that it is false.Indeed, the history of science includes many examples of theories that were rejected because they lacked parsimony and/or scope, even before their falsity (and the truth of their competing theory) was confirmed by observation. As I point out in my book, geocentrism was rejected by the scientific community because it lacked parsimony, almost 200 years before the observation of parallax confirmed that the Earth moves around the sun. And the continuum theory of matter was completely rejected by 1860, because it couldn’t explain chemical reactions or organize matter into a periodic table, even though the experiments that eventually confirmed atomic theory weren’t even proposed until the 1870s. Solving the best of a bad lot problemIn response, the “empiricists” are likely to object, this time pointing to the “best of a bad lot” problem. “We have no reason to conclude that an explanation that has been shown to be better than others is true because we have no guarantee that the true theory was among those that we were considering.” If you have a “lot” (a collection) of poor explanations, even the best one is not true.The responses to this problem, however, are numerous. Peter Lipton argues that the set of hypotheses that scientists consider are not just randomly selected and thus unlikely to contain a theory that is true; they use existing knowledge to home in on what is most likely to be true. A doctor trying to explain abdominal pain is not going to bother wondering whether demons are causing it; they are going to stick with things like appendicitis and kidney stones, because they are most likely. Further, despite its name, inference to the best explanation is not just the process of comparing hypotheses and accepting the best one; we also want one that is a good explanation in its own right. If it’s not, we are going to keep looking until we find an explanation that is. And while that process does not guarantee that we will come across the exact truth, it’s very likely that the theory that emerges as the best will be at least approximately true, and thus we will be justified in believing it. And lastly, as I point out in my book, although many theories not based in scientific evidence (like geocentrism and continuum theory) have been completely overturned, science almost always progresses by the refinement of scientifically established theories—not their replacement. (Although our sun is not the center of the universe, heliocentrism was our first step in understanding the Earth’s true place in the universe.) So even if a theory we accept today may not be completely right, accepting it is a step on the journey toward the complete truth. The example of atomic theoryNow, it’s worth pointing out that most empiricists are not skeptical of all scientific theories; they are only skeptical of the ones that hypothesize the existence of “unobservables.” It’s not like they think that round Earth, heliocentrism, and germ theory are just useful (but untrue) “instruments” for making predictions about how to most efficiently navigate the seas, predict planetary motion, and treat diseases. They admit that the Earth actually is round, that the planets revolve around the sun, and that germs exist and cause disease. These facts and entities can be observed; the theories that suggest they exist are true. It’s only when theories start hypothesizing the existence of unobservables—like electrons, or quantum fields—that can’t be observed directly, that we should start doubting the theories’ truth. And to be fair to van Fraassen, in this published work, he doesn’t really say that we should doubt the truth of such theories. Only that scientific reasoning does not rationally force us to accept them as true. Skepticism, or agnosticism, he argues, is warranted. SUGGESTED READING Science is based in metaphor By Andrew Reynolds But the history of atomic theory throws a monkey wrench into that argument. Atoms used to be unobservable; again, scientists first accepted the theory that they exist because it had such grandiose explanatory power. But then atoms were seen with electron microscopes. They thus moved into the category of the observable. But this didn’t substantially change anything about what scientists were justified in believing; it certainly didn’t change any “atomic skeptics’” minds. It just confirmed what everyone already knew! If the hypothesis that something exists clearly provides the best explanation for what we can observe, then the belief that it exists is what is rational. The fact that the thing itself is not technically observable does not make doubting its existence rational.What’s more, the atoms were seen with an electron microscope. But electrons are themselves unobservable. How can an electron microscope reveal an atom if electrons are not real? This leads us to what is famously known as Hilary Putnam’s “miracle argument.” It’s (not) a miraclePhilosopher Hilary Putnam’s miracle argument is somewhat famous. Basically, he argued that a scientific theory being able to repeatedly make successful predictions—even about unobservables—without being at least approximately true would require a “miracle.” In other words, it would be such an improbable occurrence that it could not rationally be believed—the better explanation for why scientific theories about unobservables make the right predictions is because the unobservable entities and structures they hypothesize exist.Van Fraassen has addressed this argument. Indeed, in his original article, where he references Alison Gopnik’s point about orgasms not being “necessary for procreation” even though the desire for orgasm “drives the creation of progeny,” he is pointing to his own argument about how organisms are not naturally selected by evolution to get true beliefs; to the extent that belief-forming processes are selected for, the ones that are selected are the ones that are useful for survival—not the ones that produce true beliefs. In the same way, van Fraassen argues, scientific theories are accepted, not because they are true, but because they aren’t falsified; they make successful predictions; that’s what makes them “stick around.” So, the fact that they make successful predictions (and thus became accepted) is not a reason to think they are true.This argument is similar to C. S. Lewis’s “argument from reason,” which he used to argue against evolution: “The truth of evolution undercuts our ability to know that it is true.” Lewis’ argument famously failed; Elizabeth Anscombe, by Lewis’s own admission, demolished Lewis in a debate on the topic, and I have explained elsewhere why modified versions of the argument fail as well. In short, it’s because it fails to recognize that a belief-forming process can make an organism more likely to survive because it reliably produces true beliefs. It is therefore not the case that beliefs generated by naturally selected belief-forming processes are automatically false or unjustified.In the same way, the reason a theory “sticks around” could be because it’s not falsified, because it “makes correct predictions.” But the reason it makes correct predictions is most likely because it is true. (In pointing this out, I am echoing the arguments of Musgrave, Lipton, Psillos, and Kitcher, who refuted van Fraassen’s argument and analogy long before his 2024 article.) It would be a huge coincidence that it could do so without being true. And that is the point of Putnam’s miracle argument. Thus, contrary to van Fraassen’s suggestion, the mere fact that a theory’s predictive success is why it “sticks around” or “becomes accepted” in the scientific community is not a reason to be skeptical about its truth. ConclusionLet me close by saying something about the fact that empiricists don’t doubt the truth of all scientific theories, just the ones that hypothesize unobservables. In today’s society, this theory is dangerous to espouse publicly. The nuance between being skeptical about all of science, and just the highly technical theories about unobservables, is guaranteed to be lost to the average reader. And there is so much unjustified skepticism and doubt about the findings of science and experts that a headline like “Science Does Not Describe Reality” could easily fuel the anti-science movement, worsen climate change denial and cause the next pandemic.This is why I believe it was important to still respond to van Fraassen’s article, a full two years after he wrote it. Not only, as I have argued, does it represent a philosophically inaccurate view of how scientific reasoning works and what scientific reasoning can do, but it is a dangerous view to boot. It should thus be rejected.
Justin Jefferson Injury Update: Vikings WR’s Week 4 Status Revealed
Justin Jefferson is arguably the best wide receiver in the NFL, but the former first-round pick suffered an ankle injury against the Tampa Bay Buccaneers and could not return to the game. The fifth wide receiver taken in the 2025 NFL Draft, Justin Jefferson quickly established himself as one of the biggest steals in his …
Talks set: Club responds to bombshell Liverpool interest
Talks are now set as a club responds to Liverpool's genuine - and serious - interest. Things could escalate quickly from here.Liverpool want to sign Michael Olise from Bayern Munich. That’s been rep...
Three fixes to correctly price small-business debt in developing economies
Small businesses in developing economies pay far more to borrow than risk justifies. Three fixes could cut a Kenyan firm's cost of debt by over 8 points.
More than 100,000 CT residents could lose health coverage next year
Connecticut forecasts that about 108,000 residents could be at risk of losing Medicaid as new HUSKY D eligibility requirements take effect.
Gas service could be cut off, switched to electric under Mass. bill
The proposal represents the latest flashpoint in a debate over how much of a role natural gas should play here.
Real Madrid Legend Cristiano Ronaldo Could Face Six Month Suspension
Real Madrid legend Cristiano Ronaldo is facing a suspension of up to six months after abandoning Portugal's national team camp.
Ford CEO: AI needs people to fix the robots
Ford CEO Jim Farley says AI could change or eliminate some finance jobs while leaving skilled-trades work more insulated.
September Monthly Review: Health MCP Guy?
For all the time I spend talking about APIs and data exchange, this newsletter has had embarrassingly little interoperability of its own. It’s old-school SaaS, baby - UI or bust. Not all of that is my fault! Substack, for all its popularity, is (as mentioned before) really frustrating as my system of record. The primary user it optimizes towards is the reader, whose attention feeds the app, the Notes feed, and the recommendation network that Substack is actually selling. Health API Guy is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe They’re falling into the same trap that Medium once sprinted into, albeit at a much more glacial speed. Younger generations may not remember (or never knew) it, but Medium once lured publications like The Ringer and Signal v. Noise onto its platform, only to lose them as it rebuilt itself around a paywall and an algorithmic feed. Substack’s original pitch circa 2020 was the antidote (you own your list), but every new feed feature chips away at it. I get it: writers are generic supply in the eyes of the Substack product team. Generic supply follows demand, so the consistent pressure on the PMs is to generate demand, which leads to every product cycle going toward discovery (Notes, recommendations, the app, live video). The end result lackluster author tools (laggy and broken analytics are truly crippling) all despite the premium price point. The archive is where it crosses from authorial gripes to actual reader impact, though. Across Substack and LinkedIn, I’ve published 1,218 posts and nearly 900,000 words since 2018. Substack’s native search can see only the 464 posts that live on Substack, and even there it’s woefully inadequate at surfacing relevant content (even for the guy who wrote it)! Readers have the same problem, writ large. Ask the Archive Fixing search (for both my readers and my own use) turned out to be extremely non-trivial, unfortunately: There’s no public API for readers to access content RSS exists for new content notification, but it only carries the 20 most recent posts and cuts paid ones off at the preview The only Substack MCP is an admin tool for analytics The export exists for authors, but it’s painfully awkward and slow. So I built something to work around that: the Health API Guy MCP. It’s a private MCP server holding the full text of everything I’ve written across Substack and LinkedIn. Add it to Claude or ChatGPT as a connector and you can ask things like: It pairs keyword search (for acronyms and case names, of which we have many) with semantic search. Every post is also labeled by topic, form, and court case, so you can pull a lawsuit’s (or multiple cases’) entire docket across Substack and LinkedIn in one query: Hail, Healthapiguyhydra This is also a bit of me eating my own cooking. I’ve spent the year arguing that headless healthcare is arriving and that developers want primitives over abstractions. Last week in Hail, Benihydra, I watched Salesforce plug its platform into Claude and bet that the records underneath outlive whatever interface sits on top: Salesforce must believe that the Hydra’s immortal head is the records, permissions, and business logic (in that they will survive whatever happens to the interface). It felt a bit hypocritical to keep my own archive behind a Substack search bar. The archive is the body. Substack is one head, and now whatever tool you might use is another. Will the EHRs follow my lead? Probably not imminently, but one can hope! Why Founding Members Only The MCP is available to Founding Member subscribers. A few reasons: It costs money and time to run. Hosting, the database, Clerk usage and AI compute for search and labeling are significant operational costs (that increase with usage). Substack gives me no way to automate access. There’s no API to check whether someone is a paid subscriber, so every user is manual operations for now. It’s a beta. We’ll need to improve things and parts will break. I’d rather they break for a small group of dedicated readers who will tell me about it. The Founding tier deserved a real benefit. Until now it was mostly a generous tip. Now it comes with something. If you’re already a Founding Member, reply to this email with the address you’d like provisioned. If you’re not and want in, upgrade here. Larger teams (such as companies) can get access too: group subscriptions at the Founding tier come with the group discount. The admin for the subscription can reply with the list of addresses to provision. Get 20% off a group subscription Pricing Founding membership is now a flat $200 a year, replacing the old suggested $150 that readers could adjust. Existing Founding Members will have access grandfathered in at their previous rate. Month in Review Articles Published Make Networks Dumb Again (Sep 11): AI is making old analog networks cheaper to use and flooding them with machine traffic in the process. A plea for agent-native rails with the intelligence at the endpoints, and for Washington to drag them to ubiquity. Interoperability, Unbuttoned (Sep 29): Interoperability is a series of workflows in a trenchcoat, and this post finally takes the trenchcoat off. A color-coded map shows which provider workflows went digital, which are fragmented, and which still run on fax. Video Content Antitrust’s System of Record Problem (Sep 3): The FTC’s investigation into Epic prompted a ninety-minute webinar, now posted with chapters and a smoothed transcript. We get into why market definition, missing B2B share data, and the SSNIP test leave antitrust poorly suited to systems of record, plus why information blocking may be doing more than any pending lawsuit. The Information Exchange: Cerner Milking Edition (Sep 18): This was so fucking fun. Ryan Tucker, Ryan Brickner, Brad Thorson, and I try an Around the Horn format, complete with points, penalties, and a mute button. We debate whether Oracle Health is dead, who would actually buy Cerner (IBM enters the chat), p(Doom), and why the front desk still hands you a clipboard. Regulatory Ask Not What Your Network Can Do (Sep 23): CDC’s RFI on public health data intermediaries lists use cases already served, unevenly, by eCR, lab reporting, IZ Gateway, and syndromic surveillance. The real opportunity sits in one question about AI: a network that can handle the next emergency without another interface project. Court cases Particle v. Epic: The Naughty Schoolteacher (Sep 4): After a summer-long vigil, the answer on Epic’s early summary judgment bid is two paragraphs and a remedial assignment. Particle advances to the next grade, and market definition gets another year of discovery. The Epic Discovery Files (Sep 8): Texas’s motions to compel arrive with a 251-page appendix of requests, objections, and meet-and-confer letters with Cravath. Inside: Epic using generative AI for document review, denied interoperability requests in scope, and Noerr-Pennington raised against lobbying discovery. Epic v. Health Gorilla: “Working as Designed” (Sep 9): Epic wants nothing to do with the data breach MDL, and explaining why puts fresh discovery on the public docket. The spiciest allegation: Health Gorilla told GuardDog to scrub its law firm business from its website instead of cutting off access. Veeva v. Epic: Legal Bypass Surgery (Sep 15): Veeva asks the Wisconsin Supreme Court to skip the Court of Appeals, while law professors and three policy groups line up as amici. Meanwhile, Epic’s lawyers apologize for another round of citation errors, including a quote that never existed. Texas v. Epic: Behind the Black Bars (Sep 17): The court portal served up Epic’s unredacted filings, revealing a $5 million document review budget and the AI workflow behind it. Also inside: the 200-plus company names Texas wants searched, and one very expensive Zoom invitation. OpenEvidence v. Doximity: Consequences Will Follow (Sep 25): OpenEvidence tells the court it will not comply with a discovery order, and its own lawyers at Quinn Emanuel say they won’t defend the choice. Add years of Slack reported unrecoverable, and Rule 37 sanctions come into view. Health Tech Keeps Choosing Violence (Sep 28): Doximity moves to end OpenEvidence’s case, Epic asks Texas to show its work, and a sleepy Audacious Inquiry patent fight sprouts antitrust and information blocking counterclaims. The main event is a long-sealed Cognizant v. Infosys ruling that hints where system of record antitrust claims can survive. EHRs One Verb for Oracle Health (Sep 14): Oracle’s earnings call quantifies every data center to the decimal point, while Oracle Health gets a single verb: “accelerate.” Panning the few healthcare mentions turns up an agentic care management system, a research-to-care ledger play, and the question of whether healthcare gets Larry’s patience. Epic’s Forretress Under Siege (Sep 30): Judy Faulkner tells a panel Epic paused hundreds of projects to harden its software and calls it a “shame,” while a spokesperson insists the roadmap hasn’t changed. Project Glasswing, a Pokémon-branded QAN sprint, and a trove of Jodel grievances reconcile the two Epics and preview the Jevons paradox coming for all software. Industry Analysis Scanning for a Network (Sep 1): Scan.com raises $220M to build the imaging network labs never got, speedrunning Zocdoc’s consumer-to-B2B pivot. Its wedge to network density may be the most American one available: personal injury litigation. The Front Desk Wants the Damn Whole Building (Sep 16): Hello Patient buys Converse Health, pushing its AI front desk into referrals, chart work, and prior auth. The copilot categories keep blurring, and your distribution partner is still your final boss. Cross-industry Comparisons A Different Patchwork Quilt (Sep 10): Healthcare loves to envy open banking, but the US version has no mandate, a toll booth at Chase, and data quality problems of its own. The grass isn’t greener; it’s another American patchwork quilt, and perhaps a worse one. Hail, Benihydra (Sep 21): Salesforce brings its platform into Claude, Slack, and its own agent, inviting the interfaces that might replace it. Cut off one head and more grow back, so long as the records underneath stay put. Living on A Trade Secret Prayer (Sep 22): Six credit unions are suing Fiserv, the Epic of core banking, by claiming their own member records as trade secrets. Banking has no Cures Act, so its lawyers reach for legal alchemy that healthcare has already tried. Other News None this month External Media Nabla Accelerate NYC: I kicked off fall conference season at Nabla’s Accelerate event in New York, where Delphine Groll opened by asking the room to picture the company it wants to become and the one it doesn’t. I liked her framework of bureaucracy, fear, and ego as the blockers. I also love vendor conferences/events in general - different vibe than industry biggies. Healthcare 101 with Nikhil Krishnan: I briefly guest lectured Out-Of-Pocket’s Healthcare 101 class. Appreciated Nikhil’s takeaways cover whether AI doctors can query HIEs, why healthcare’s data-liberation rules beat most industries’, and the hi-res graphic is in the comments. HCN: Epic Probed by the FTC: I joined the HCN guys to talk through the FTC’s investigation into Epic. Cedric’s new hairdo was an unexpected plot twist. The episode also covers MFN drug pricing, healthcare M&A and Eli Lilly’s acquisition streak. Fall Conferences: At eHealth Exchange’s Annual Meeting in Austin on Oct 27, I’ll moderate a panel on the tensions between AI, HIEs, and timely patient access with Jean Ross (Primary Record), Therasa Bell (Kno2), Byron Crowe (Doctronic), and Michael Marchant (Freenome). Here’s the rest of my schedule if you want to meet up: CommonWell (Redwood Shores, CA): Oct 13-14 Will be participating in a fun Jeopardy event Open@Epic (Madison, WI): Oct 20-23 Will be enjoying Verona, Willy Street, and other local adventures eHealth Exchange and Sequoia Project (Austin, TX): Oct 27-29 Yeehaw HLTH (Vegas): Nov 15-18 Groundhog Day, Venetian Edition RSNA (Chicago): Nov 30-Dec 2 See me at “Governing AI in Breast Imaging: What Health Systems Are Actually Doing” Digital Health Counsel 2026 AI Summit (Seattle): December 2-3 Will likely be speaking to a bunch of lawyers about information blocking Posts I Liked ChatGPT’s Epic integration: game changer or nothing burger?: Joshua Liu, MD offers five thoughts on OpenAI’s Epic launch, starting from the point that it rides the same open APIs available to anyone. He argues read-only access leaves ordering to Art and the ambient startups, and asks why HCA is piloting it alongside Commure. He’s sorta a must-follow at this point - consistently excellent, thought-provoking takes. Epic, Lilly, and the Discovery pass: Seth Chaney reads Epic’s first major Discovery deal (with Eli Lilly), as well as its revised developer terms on commercial displays, as the pipe finally opening between EHRs and pharma. Life sciences and health continue to collide. Scott Rossignol on EHR payer platforms and ePA fees: Scott argues the top ambulatory EHR vendors are turning the prior auth mandate into a per-member-per-year toll on payers, for an API whose operating cost has nothing to do with covered lives. His fix is two lines of regulatory text: put the CRD/DTR/PAS certification criteria in the Base EHR definition, and bring payer-facing ePA connectivity under § 170.404’s cost-based fee rules. It’s a good solution. Health API Guy is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Taxes from data center electricity helps lower health insurance rates for 200,000 Virginians. There may be a catch to this revenue stream, though.
Democrats celebrated the connection between these two events. However, this could create a scenario where Virginia has a stake in seeing more data centers built.
Hope a Tough Sell For Red Wings
The captain is no longer the captain, and he also wishes that he could say the same thing about his […]
Barcelona fear international break could derail Hansi Flick’s flying start
Barcelona entered the international break in excellent form, but the pause has brought a familiar concern for Hansi Flick.According to SPORT, there was already a feeling inside the club that the huge ...
Jaissle learned a lot about life after tumour aged five
Newcastle United head coach Matthias Jaissle could not move his neck at one point, but went on to play before embarking on a coaching career that sees him in Tyneside.
Husker football scouting report: Maryland
This Saturday, Nebraska hosts Maryland in another conference showdown. Several key pieces within the Terrapins indicate they could bring a challenge to the Huskers.
Rising health care costs: 3 changes that could make a difference
We know rising health care costs continue to put pressure on employers. But businesses don’t have to face these challenges alone.
Man City scandal risks damage to Premier League's booming brand
The Premier League has won a lengthy legal battle with Manchester City over financial impropriety, but the consequences could leave lasting damage for a league that has long since become the envy of world football.But the damage may not be limited to City alone with an entire era of the Premier League now under a cloud.
Taxpayers in Cairo welcome idea of downtown "entertainment district"
CAIRO, Ga. -- Downtown Cairo could soon get a taste of big-city nightlife.City leaders in the small South Georgia town are discussing ways to create a downtown
Trump’s Mobile rally could be about more than Alabama politics, political columnist says
MOBILE, Ala. (WKRG) — President Donald Trump is coming to Mobile on Friday for a rally expected to draw thousands of supporters. One political columnist says the president’s visit is less abo…
Everett business owner seeks expansion with USL sports ownership group
EVERETT — A professional soccer team in Everett could kick-off with local ownership, according to Everett Mayor, Cassie Franklin. Franklin […]
Does an Arnaud Kalimuendo Loan Move Make Sense for Olympiacos?
Arnaud Kalimuendo is struggling for playing time at Nottingham Forest, and a loan move to Olympiacos could make sense in January. The two clubs share ownership.
Marius Mouandilmadji Could Start for Olympiacos vs. Panathinaikos
Olympiacos face Panathinaikos on Oct. 11 and Marseille on Oct. 15. Marius Mouandilmadji could start the derby, while Armando 'Hormiga' Gonzalez may return late from Mexico duty.
White House touts big-ticket projects in hope of swaying key races
With few tools to bring down prices in the short run, Trump hopes to focus voters on investments that could pay off in years to come.
US tennis star Navarro reveals health battle, ends season
American Emma Navarro, a three-time WTA tournament champion, revealed a three-year battle with health issues on Wednesday, battling against her body as she found success on the court."I couldn't think straight a lot of the time," she wrote.
US tennis star Navarro reveals health battle, ends season
American Emma Navarro, a three-time WTA tournament champion, revealed a three-year battle with health issues on Wednesday, battling against her body as she found success on the court."I couldn't think straight a lot of the time," she wrote.
Eldridges look to build family-focused entertainment destination
Billy and Kassandra Eldridge noticed a missing piece of the community – a space where families could gather, kids could play and special moments celebrated. With the help of the IGNITE program, they hope to fill that void.
Looking at the Ugly Side of the Paramount-Skydance Merger...And How I’d Fix It
A Message from Our Sponsor Certified Fresh with 100% on Rotten Tomatoes, FX’s Adults is an ensemble comedy series about a group of twenty-somethings in New York leaning on each other to navigate love, work, friendship and family. Don’t sleep on “The Sitcom of the Moment” - Awards Buzz All Episodes now streaming on Hulu on Disney+. Watch The Teaser Trailer... (Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industr(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Before we dive in, I wanted to congratulate Broadcast Now for being the first to report that Netflix’s How to Get to Heaven from Belfast has been cancelled. (I saw this in a write-up by Kasey Moore of Whats-On-Netflix.) More importantly, I wanted to note that, as of yesterday, none of the other trades had reported the news yet. I have half a guess that eventually one of them will report this. Anyways, it’s time to take a break from my deluge of streaming ratings reports to continue my analysis of the Paramount Skydance Warner Bros. Discovery (PSWbD) saga. As I noted last week, a lot of times when folks use the (sometimes cliched) “the good, the bad and the ugly” framing for an article, “the ugly” section is just more bad. Or very, very bad. In this case, yeah, I do think it’s ugly. In more than one way. Unfortunately, we’re only going to have time to tackle one of those ways today: the ugly pile of debt to finance this deal. (In a future article, I may cover the entire process for how it went down, which was very, very ugly.) Last issue, I explained why I liked this deal in a vacuum. Unfortunately, “vacuums” don’t exist outside of space. Let’s dive in. Subscribe Most Important Story of the Week - The Ugliness of the Paramount/Warner Bros. Merger More than one person sent me a note speculating that the big problem with Paramount Skydance buying Warner Bros. Discovery is the “Warner Bros.” portion of the deal. In fact, that’s a take I read a lot about Warner Bros., ever since they caught Netflix’s, and then Paramount-Skydance’s, eye. In short, multiple companies (Time, AOL, AT&T, Discovery) have bought and then regretted buying Warner Bros. Since it’s nearing Halloween, you could almost say it’s like the folks think WB is cursed! It’s a haunted studio—like the town of Derry in movie studio form—and whoever takes possession of it will fall into misery! Yet...I just don’t like that story, because it doesn’t explain the “why” behind why those deals fell through. Especially when Warner Bros. has continued to succeed as a TV and film studio in the intervening two decades. Lord of the Rings? Harry Potter? Game of Thrones? Everything HBO? Considering it never fully owned a broadcast TV channel, this media company has done pretty well. So what went wrong? Well, in recent years, companies bought Warner Bros. instead of the other, smarter option. Explaining POCD (And Applying It to Mergers & Acquisitions) As I explained last issue, one of my favorite frameworks is the POCD tool for evaluating venture capital investments: People Opportunity Context Deal The bar to invest as a VC is high. (Or I might say “was” since cheap interest rates made life easier last decade.) You review a thousand prospectuses, get pitched by a hundred, and invest in the ten best, with the hopes that one of those ten would pay for the rest. That means every element of a deal needed to pay off: you needed the right people running the companies, who could capitalize on the right opportunity, in the context of an industry that was ripe for disruption. If you could then not overpay, you could make some money in a smart deal. The analogy isn’t perfect here, but close enough. For a merger or acquisition to work, you need the combined company (which is the opportunity) to make more than the price you need to pay (which is the deal). Note: the people and context still matter, but with M&A, it’s a little more straightforward: does the opportunity exceed the cost? And usually with Warner Bros., it hasn’t. If you want to find out the single biggest mistake made by the Warner Bros. suitors over the last few years (and my simple fix) become a paid subscriber. I’ll also touch on who I think Paramount-Skydance could (shockingly) consider buying next, TBD, and more. Sign up here.
Local hemp and CBD businesses say new federal restrictions could force them to close
A new federal ban on hemp products is set to go into effect near the end of this year.
Democrats want a blue wave. New Hampshire is Exhibit A for why that may not happen
Five weeks before Election Day, Democratic optimism is soaring. But glaring vulnerabilities threaten to undermine the unstoppable blue wave that Democrats believe is coming. Look no further than New Hampshire, where Democratic leaders are sounding the alarm about political challenges that could jeopardize the party’s ability to win in November.
Andrew Scott Could Make Oscars History With This ‘Incredibly Personal’ Role
“It’s set in the theater and about the representation of gay actors in the ’90s, and it’s about family,” the Irish actor said of “Elsinore.”
How Data Center Backlash is Reshaping Politics
We’ll talk about the backlash and how that could influence who gets elected in November.
Business leaders warn sluggish hiring could stall Seattle’s downtown revival and tax base
Seattle’s job market is falling behind other major cities, and now business leaders are pressing city hall for a course correction.A new report from the Downtow
Trump says ‘only Hispanic’ could survive fall at ballroom site
Trump invited attendees of a Hispanic Heritage Month to be among the first to walk on his ballroom floor.
Ancient hydrogen spotted in the early universe could open a new way to study space's baffling expansion
After seven years of work, Canada's CHIME telescope has a measurement of dark energy from 2019. More detailed studies are planned to expand the research.
Gladstone DDA adjusts facade program for downtown businesses
Approved upgrades could include signage, murals and traditional facades, with program expansion to tenants. This year, eligibility has been expanded.
How a bill intended to rein in NIL and ‘protect' college sports could also save U.S. Olympic team
Exhibit A: Of the 257 U.S. athletes who won medals at the Paris Olympics two years ago, 184 had roots in an NCAA program.
Scientists Just Discovered Millions of Ancient ‘Batteries’ Hiding on the Bottom of the Ocean
They could herald an energy revolution—but may come with a big risk.
Google's new Gemini 4 model could put it back on the AI frontier
Google said its new Gemini 4 matches OpenAI's frontier Astra model in cyber defense, and outpaces rivals in some areas.
Giants Urged to Trade Draft Pick for Dolphins Edge Rusher
Bleacher Report predicts the New York Giants could trade draft pick for Dolphins edge rusher. The post Giants Urged to Trade Draft Pick for Dolphins Edge Rusher appeared first on HEAVY.
A storied NASA observatory could be weeks away from falling to Earth after failed rescue attempt
A daring mission failed to rescue NASA’s Swift telescope, and the nearly 22-year-old observatory will soon burn up in Earth’s atmosphere.
Case Keenum Might Lead Bears Against Jets
The Bears face a huge Week 4 test against the Jets. With Caleb Williams out, Case Keenum could start. See the 5 big storylines for this matchup.