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BREAKING: Netflix to shut down two more game studios
Netflix is sticking with video games but once again reducing the number of studios it owns making games. The streaming giant is closing Los Angeles-based Night School studio, which it acquired in 2021 and plans to close Helsinki-based Moonloot, which was founded in 2022. Just six weeks ago, Night School had released Unhinged, a novel 30-minute first-person horror game, streamable on TVs to Netflix users. The game was hailed by Netflix co-CEO Greg Peters in a call with investors. Six weeks later, Night School is closing. Prior to its Netflix tenure, Night School had developed the award-winning supernatural thriller Oxenfree. A second Oxenfree game followed after the purchase, as well as a mobile game designed to tie in to an episode of the Netflix show Black Mirror. Netflix attributed the studio closures to a prioritization around kids gaming, party games, story-driven fare and games with mainstream hooks, such as a recently released FIFA game. “We see an opportunity to be more focused in our execution, so we are making organizational changes to the business to match those priorities,” a Netflix spokesperson told Game File. Netflix is also cutting jobs from its internal games team. A rep declined to say how many jobs were being lost by these cutbacks. “We are incredibly grateful to the talented colleagues we’re saying goodbye to today. We thank them for all their contributions to Netflix, and wish them the best,” the rep said. Netflix started releasing video games, initially on mobile as a free bonus to subscribers, in 2021. By 2023, Mike Verdu, then the head of Netflix’s game operations, was telling me that the company was committed to growing carefully, as it offered more games and built up internal game studios. At the time, it hadn’t made any gaming job cuts. Since then, Netflix has altered its approach. In 2024, it shut down Team Blue, a start-up studio led by ex-Call of Duty and Halo developers that was exploring making a high-end first-person game for the service. Last October, Netflix shut down another studio, Boss Fight, shortly after Peters praised the team’s Squid Game game to investors. (One of Boss Fight’s main developers now works on the Netflix FIFA game for outside studio Delphi.) And in December, Netflix sold cozy game studio Spry Fox back to its founders. Amid all of this, Netflix has shifted from emphasizing mobile games to offering games through TVs and PCs, via streamed connections, with phones used as controllers. That’s how Night School’s Unhinged worked, along with games such as Boggle and Party Crashers that have collectively helped the Netflix game controller app chart well on mobile app stores. The studio cuts leave Netflix with a central gaming team that works with external developers, and a dedicated first party studio in, Helsinki-based Next Games, which produced many of the company’s couch-centric party games. The move away from having a roster of internal game studios aligns with Netflix’s own approach to shows and movies, which are largely produced externally. The company owns few TV/film production studios of its own. The gaming industry overall is seeing large holders of multiple studios cut back, with Sony, Ubisoft, Embracer, Microsoft and other giants closing or selling off studios. Cuts in California-based studios, where costs often run relatively high, have been particularly acute. Netflix has faced skepticism about its gaming plans for years. The moves today are likely to fuel them, and the company has few upcoming projects to counter the narrative. Among the few hinted, acclaimed independent studio Don’t Nod said last year it was working on a game tied to a major Netflix franchise.
Forbes editor out; report says he took $6M from founder of firm that does business with magazine
The top editor of Forbes has left his job after reportedly being fired for accepting $6 million from the founder of a firm that works with the magazine. The New York Times reported this week that the payment came from RJ Shook, whose company, Shook Research, has collaborated with Forbes since 201...
I spent $100,000 testing my sock business idea
Allison Strumeyer says ordering 10,000 pairs of socks before launching doublesoul helped prove demand and gave her the confidence to build the company.
Gemini 3.7 Flash launches three weeks after last model, live in Spark
Just three weeks after the last release, Google today announced Gemini 3.7 Flash, which continues the company's accelerated cadence.
City Glass Marks 75 Years in Business, Reinforcing Its Position as the Best Commercial Glass Company in South Carolina
Anderson, SC, Aug. 13, 2026 (GLOBE NEWSWIRE) -- City Glass, a commercial glass construction and installation company based in Anderson, S.C., is...
NVIDIA GeForce NOW for Linux Officially Arrives
NVIDIA's efforts to enhance gaming on Linux operating systems are increasing. The company announced today that the official, native port of the GeForce NOW cloud gaming service client app is out of beta and now available for gamers worldwide. With months of community feedback integrated into the...
AI needs science’s search history
“Actually, that’s where the gold is,” said Alasdair Russell, my graduate school friend who leads a pre-clinical genome editing group at Cambridge. He was talking about the winding road of science that is omitted from published papers. “When you’re discussing how to do the experiment, and why this way is better than another way, and what does the data really mean? I know what it shows, but what does it mean?” At RAAIS 2026, he described how his group has begun logging the twisting path of discovery as it happens, recording the verbal and written exchanges that normally disappear. Ideas become nodes in a living graph: they branch when a meeting produces two plausible experiments, merge when separate lines of evidence converge, and go dark when someone quietly stops pursuing them. In his implementation, one agent scores novelty, while another tries to learn “how scientists think and how they navigate through a complex world of data,” so that high-potential nodes can trigger deeper investigation. As frontier AI labs deploy agents toward scientific discovery, giving AI authentic scientific taste remains a trillion-dollar dilemma. The bottleneck is that the record we have kept for centuries of science might be insufficient to get us there. The experiments that never make the paper Peter Medawar, 1960 Nobel laureate and “father of transplantation,” asked in 1963 whether the scientific paper was a fraud, and answered yes: the form of the paper misrepresents the thinking that produced it. Sixty years on, the diagnosis is unchanged. A paper presents a clean progression from hypothesis to result to conclusion. Lost along the way are the unconventional theories, the abandoned or unaffordable methods, and the underwhelming and inconclusive data. It reads like a browser history with every dead end deleted: the ten open tabs, the four rephrased queries, the wrong turn down a subforum. All scrubbed, leaving one clean path from question to answer as the canonical path. What has changed since then is that the discarded material is now worth something. No high-impact journal wants these artifacts, but raw trial and error is the most likely source of the training data required to develop scientific intuition, or what researchers call taste. Earlier attempts to capture the discards were motivated by scientific integrity. The Journal of Negative Results in Biomedicine launched in 2002 to publish rigorous studies that disputed established models or exposed ineffective treatments. Its archive preserved negative conclusions after they had become papers, rather than the live alternatives and arguments that produced them. BioMed Central closed it in 2017, saying the mission had been served now that other journals publish null results. A less generous reading is that in fifteen years it published around 200 papers because almost nobody wants to read a negative result, let alone write one up when it will not count toward academic tenure. AI models are different. Even an uninteresting negative result can be useful, provided it is labeled. Earlier this year, Anthropic put a version of this to the test. The company pulled 129 decision points from real Claude Code sessions between January and March 2026, showed models the work up to a human detour, and asked what should happen next. Claude Mythos Preview beat the human choice 64% of the time, while Opus 4.5 managed 51%. The comparison was tilted toward the models because Anthropic deliberately chose moments where the human decision had room for improvement. On 127 further scenarios where the human action was already strong, the models improved on it only about 20% of the time. The study was possible because Anthropic’s researchers work inside a tool that logs by default. The reasoning, detours and outcome are produced in the same working environment. Biology has no equivalent. Its reasoning happens in hallways, at benches, in Slack threads and on whiteboards, while the outcome arrives weeks later somewhere else. The record has to emerge from the work itself. Ask scientists to reconstruct it afterwards and we’ll create another polished account. Subscribe A log is not a label Before any of this becomes training data, a negative result has to say what failed. The first paper published in the Journal of Negative Results in Biomedicine examined 234 negative studies across five leading medical journals. Only 30% discussed statistical power, and half clearly defined a primary outcome. Tell a model an experiment failed, without telling it whether the assay was underpowered, a reagent had degraded, or the hypothesis was simply wrong, and it will learn noise with confidence. Decision histories have a second missing label too. When a lab considers five experiments and runs one, only the chosen branch returns an outcome. The other four are experimental counterfactuals. Researchers call this the selective labels problem: the data reveal results only for the actions someone chose to take. Such a record can teach a model to imitate a lab’s taste, but it cannot establish that the taste was good. It also smuggles local constraints into general lessons. A lab that never ran cryo-EM because it did not own a microscope teaches a model that cryo-EM is rarely the right call. Alasdair’s nodes preserve the candidate set, which is the necessary first step. To be useful, each decision record needs six fields: The evidence available at that moment, and nothing that arrived later. The candidates considered, including the ones dismissed in a sentence. For each candidate: the expected result, the confidence attached to it, and the cost in time and money. The route chosen, and the reason. What happened next. How the evidence changed the scientist’s view. These must be timestamped before the outcome, because hindsight turns uncertainty into inevitability. Disagreement also has to survive. Averaging three scientists into one clean rationale reproduces exactly the information loss we are trying to fix. But there is an obvious failure mode here. Once decisions are logged and scored, people log for the record post-facto. Anyone who has watched an electronic lab notebook fill up with retrospective tidying knows how quickly a research tool becomes a compliance exercise. A record that costs a scientist ten minutes of honest reflection per decision is worth far more than one that costs an hour of performance. A publication initiative called Registered Reports offers a useful starting point. Here, researchers submit their rationale, methods and analysis plan for peer review before the data exist, and the journal commits in principle to publish if they follow the approved plan. Nature has now expanded the format across every field it covers. This approach to paper writing timestamps intent before the outcome, but it freezes one plan. A useful search history must also preserve how the plan changed, which alternatives were rejected, when, and on what evidence. Subscribe Run the runner-up Autonomous labs show what happens when decisions and outcomes are connected in a loop. Liverpool’s mobile robotic chemist ran 688 experiments over eight days in a ten-variable formulation space. A batched Bayesian search used each result to choose the next experiments and found photocatalyst mixtures six times more active than the starting formulations. Every completed experiment changed what the system did next. The robot optimized within a goal and search space that humans had already chosen. It did not decide which scientific question mattered. So what this work demonstrates is narrower, but still useful: a search history pays off when the options return standardized outcomes quickly. Open-ended biology is harder because branches can take weeks and the discarded alternatives may never be run. Some exploration therefore has to be bought. Where two branches are plausible and the stakes justify the cost, a lab should sometimes run the runner-up. Otherwise the record captures what today’s scientists usually chose and stays silent on what they systematically overlooked. A funder could ring-fence a small fraction of a grant for the branch not taken, provided that the decision record and the outcome are both deposited. That costs money, but so does having every lab rediscover the same abandoned path. Test whether taste transfers When it comes time to evaluate if our new AI system exhibits taste, the comparison should run across laboratories and fields. At selected decision points in a live research campaign, we should freeze the six fields: the evidence, the candidates, expected results, confidence, costs and the choice made. Experts then rank the options before the outcomes are known, and those outcomes are checked independently later. We could give models one of two diets - papers alone, or papers plus decision histories - and ask them to rank the next experiment on unfamiliar projects. Then, we score information gained per dollar and week, calibration, and how quickly weak branches are abandoned. If histories improve choices only inside the lab that produced them, they amount to useful organizational memory. If they improve choices on unfamiliar problems elsewhere, Alasdair’s group will have captured something science has never managed to write down: a transferable record of taste. Until that happens, a scientific search history is a promising record, not yet a training set.
Cisco CEO Chuck Robbins on Q4 results: All areas of our business have tailwinds right now
Cisco Chair and CEO Chuck Robbins joins 'Squawk on the Street' to discuss the company's quarterly earnings results, strength of the company's business, AI order & revenue outlook, and more.
United Soccer League Announces Expanded Partnership with Premier Sports Medicine
Sports Medicine Leading sports medicine management company named USL’s preferred supplier of athletic trainer staffing
Pokemon Bank is shutting down, announcement released
Today, The Pokemon Company announced that it’s shutting down Pokemon Bank. The service goes offline on February 26, 2027. Once we reach that day, players will not be able to transfer Pokemon from Pokemon Bank to Pokemon Home. It will not be possible to store Pokemon there any longer. Players are advised to send their creatures to Pokemon Home before...
Intermountain Health Brings Perimeter's Claire™ to the Operating Room, a Landmark in Breast Cancer Surgery Using AI
/PRNewswire/ -- Perimeter Medical Imaging AI, Inc. ("Perimeter" or the "Company") (TSXV: PINK) (OTCQX: PYNKF), a commercial-stage medical technology company,...
53% of Organizations Struggle to Translate Business Context Into AI Despite Rising AI Investment
/PRNewswire/ -- Alteryx, Inc., an AI-ready data and analytics company, today released its "2026 IT Leader Research: The State of AI Ownership, Agents, and ROI"...
Lucid Diagnostics Provides Business Update and Reports Second Quarter 2026 Financial Results
/PRNewswire/ -- Lucid Diagnostics Inc. (Nasdaq: LUCD) ("Lucid" or the "Company") a commercial-stage, cancer prevention medical diagnostics company, and...
Lumexa Imaging turns profit in Q2 after previous losses
The Raleigh, North Carolina-based company—previously known as US Radiology Specialists—on Aug. 12 reported financial results for the three months ending June 30.
When they didn’t find fraud while testing a voting machine for the Trump admin, this cyber firm faced a wave of backlash
The Trump administration abruptly declined to renew a contract for a cybersecurity firm it hired to examine voting equipment in Puerto Rico after the company didn’t echo administration officials’ false claims of voter fraud, the firm’s executives said in their first extensive public remarks on the episode.
Apple's 2026 Back to School Offer is Now Live Across Europe
Apple's annual Back to School promotion is now live in the United Kingdom and 18 other European countries: Austria, Belgium, Czechia, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and Turkey. The European launch follows the company's back-to-school promotion rollout in the United States and several other regions and territories last month.
Generational wealth strategies are shifting as families and business owners eye Trump Accounts
Half of small business owners want their company's success to fund generational wealth, says Guardian Life research.
PENN Entertainment (PENN) Stock Looks Cheap On Sales While Online Risks Linger
PENN Entertainment has put long term shareholders through a rough ride, with the share price down about 71% over the past 5 years, yet the stock now screens as cheap on several valuation checks. Recent news around stronger physical casino performance and increased iGaming investment has refocused attention on whether the current price reflects the company’s mix of mature retail assets and a more competitive online business. The roughly 71% share price decline over 5 years leaves PENN...
Embracer tops quarterly profit expectations as PC, console business improves
Swedish gaming company Embracer posted first-quarter adjusted operating profit that more than doubled analysts' expectations on Thursday, driven by stronger earnings from its PC and console games business.
Electrovaya: ‘Underlying Business’ is profitable despite missing earnings projection
Electrovaya’s third quarter revenue was not what company officials expected, but Dr. Raj DasGupta, Electrovaya’s CEO, is still bullish on his company’s future. Electrovaya reported fiscal third-quarter 2026 revenue of $17.7 million, missing Wall Street estimates by over $3 million and prompting a lowered full-year revenue outlook to between $70 million and $73 million. The […]
Azitra, Inc. Announces Q2 2026 Results and Provides Business Updates
/PRNewswire/ -- Azitra, Inc. ("Azitra" or the "Company") (NYSE American: AZTR), a clinical stage biopharmaceutical company focused on developing innovative...
Cerebras Hardware Business Declines in Sign of ‘Lumpy’ Demand
Cerebras Systems Inc. slid in late trading after reporting a decline in hardware revenue, a sign the newly public company is making slow progress selling computers with a novel chip design.
Popular blood pressure drug recalled
Novartis recalled a single lot of valsartan, a blood pressure/heart failure drug the company sells under the brand name Diovan. According to the FDA, this is a Class II recall.
Raleigh bar owner buys Person Street building after longtime business relocates
William & Company bar owner Liliana Ballance purchased her Person Street building in Raleigh for $2.7 million.
Elon Musk: SpaceX’s AI Revenue Will Surpass Its Entire Space Business “Next Month”
Elon Musk just told SpaceX employees that a business most people have never heard of will soon dwarf rockets, Starlink, and every other revenue line the company has ever built, and he gave a specific month.
Elon Musk Says AI Will Be SpaceX's Biggest Business by September: Does the Math Check Out?
SpaceX (NASDAQ:SPCX) CEO Elon Musk says artificial intelligence will overtake everything else the company sells as soon as next month. In an all-hands meeting, Musk said AI revenue “will exceed all other SpaceX revenue probably in September, like next month,”...
Guardian examines how families and small business owners are rethinking strategies for building generational wealth
/PRNewswire/ -- The Guardian Life Insurance Company of America® (Guardian) today released its latest publication, Next-Gen Wealth: New opportunities for...
Update: Tencent Music Entertainment's Second-Quarter Revenue Growth Slows Sequentially; Shares Slump
(Article updated to write out the full company name in the headline.) Tencent Music Entertainment
Astorg Acquires Thermo Fisher Microbiology Business, Forms Independent Company
Astorg has completed its acquisition of Thermo Fisher’s microbiology business, which will operate independently under CEO Dirk Bontridder.
MADISON SQUARE GARDEN ENTERTAINMENT ($MSGE) Releases Q4 2026 Earnings
MADISON SQUARE GARDEN ENTERTAINMENT ($MSGE) posted quarterly earnings results for Q4 2026 on Wednesday, August 12th. The company reported earnings of -$0.13 per share, beating estimates of -$0.42 by $0.29. The company also reported revenue of $196,320,000, beating estimates of $169,951,125 by $26,368,875.You can see Quiver Quantitative's $MSGE stock page to track data on insider trading, hedge fund activity, congressional trading, and more.
SpaceX’s High-Margin Software Business Could Soon Hit $33 Billion. Investors Are Underestimating It.
Wall Street is fixated on SpaceX's lockup expiration while analysts quietly model a software business inside the company that could dwarf Google Cloud by 2030. Here is why the market may be pricing the wrong asset entirely.
Madison Square Garden Entertainment Corp. Reports Fiscal 2026 Fourth Quarter and Full Year Results
NEW YORK, August 12, 2026--Madison Square Garden Entertainment Corp. (NYSE: MSGE) ("MSG Entertainment" or the "Company") today reported financial results for the fiscal fourth quarter and full-year ended June 30, 2026.
Madison Square Garden Entertainment Corp. Reports Fiscal 2026 Fourth Quarter and Full Year Results
Madison Square Garden Entertainment Corp. (NYSE: MSGE) (“MSG Entertainment” or the “Company”) today reported financial results for the fiscal fourth quarter ...
Whoop CEO Will Ahmed on Medicare expansion: 'We're excited about where the business is going'
Whoop CEO Will Ahmed discusses the wearable technology company's expansion into CMS Medicare, reaching over 3 million members, and launching natural cycles integration on 'Mornings with Maria' with Maria Bartiromo.
How to watch the Made by Google event stream and Pixel 11 announcement
You might think you know everything about Google’s next-gen Pixel 11 lineup, but the company is still hoping to surprise...
Protalix BioTherapeutics Reports Second Quarter 2026 Financial and Business Results
Company to host conference call and webcast today at 8:00 a.m. EDT Revenues from selling goods increased to $19.8 million in the second quarter of 2026, up...
Time Mission bringing 'real-life video game' experience to Nashville
A Florida company billing itself as a "real-life video game" operator is opening its largest location yet in Nashville. Read the exclusive details.
Thrivent CEO Terry Rasmussen: Everything I need to know about business I learned from cleaning people’s teeth
‘You can have expertise, but if people don’t trust you, it doesn’t go very far.’
Galaxy Entertainment Group Q2 & Interim Results 2026
Leading Macau’s Non-Gaming Diversification Through MICE, Entertainment and Sporting Events Gaming and Entertainment Division on a Normalized Basis,Q2 2026 Net Revenue Grew 6%, Adjusted Property EBITDA Grew 9% and Adjusted Property EBITDA Margin Expanded From 30.5% to 31.4% YoY Announced Interim Dividend of $0.90 per Share Continued to Ramp up Capella at Galaxy Macau HONG KONG, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Galaxy Entertainment Group (“GEG”, “Company” or the “Group”) (HKEx stock code: 27) tod
ARMK Q2 Deep Dive: Nexus Expansion and Core Business Growth Drive Momentum
Food and facilities services provider Aramark (NYSE:ARMK) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 9.3% year on year ...
Flutter Entertainment’s Q2 Earnings Call: Our Top 5 Analyst Questions
Flutter Entertainment’s second quarter results were met with a significant negative market reaction, reflecting investor concerns about profitability despite...
Ariel Emanuel’s company Mari to acquire ATG Entertainment
The acquisition will include ownership transfer of seven Broadway houses.
Google sends out $150 discount codes ahead of Pixel 11 pre-orders
With less than 24 hours to go until the company’s Pixel 11 launch event, Google is sending $150 discount codes...
Why Tencent Music Entertainment Stock Dived by Nearly 12% Today
The Asia-based company posted its second-quarter results early Tuesday.
Crimson Desert dev comments on status of Nintendo Switch 2 port, targeting first half of 2027
Pearl Abyss has commented again on the Nintendo Switch 2 port of Crimson Desert, providing the most encouraging update we’ve had thus far. In its latest earnings letter, the company said that it’s now “currently playable at a foundational level, and technical evaluations are underway to ensure performance optimization and compliance with our quality standards.” The other piece of important...
Stop Killing Games Joins Dutch Consumer Group's $457M Lawsuit Against Sony Over Digital Store 'Monopoly'
The Stop Killing Games movement is officially suing Sony, claiming the company’s “monopoly” over the video game market is blatantly “against the law.”
11 S.D. companies named to Inc. 5000 list
A Sioux Falls online boutique was the fastest-growing company in South Dakota to make the annual Inc. 5000 list, which this year included 11 companies from the state.
Sports hospitality veteran Don Dierig named chief operating officer of Sportservice
Delaware North, a global hospitality and entertainment company, today announced the promotion of Don Dierig to chief operating officer of Sportservice, its sports hospitality business. As chief operating officer, Dierig will lead Sportservice’s day-to-day food, beverage and retail operations across the company’s portfolio of sports venues spanning Major League Baseball, the National Football League, the […]
Trump Media posts massive $238M loss, plans major business pivot
Trump Media & Technology, the company owned by President Donald Trump, posted a $238 million loss over the past three months, prompting the business to pivot to a new focus on users' social media use.
Trump Media posts massive $238M loss, plans major business pivot
Trump Media & Technology, the company owned by President Donald Trump, posted a $238 million loss over the past three months, prompting the business to pivot to a new focus on users' social media use.
As Trump Media scraps some businesses, it's doubling down on Truth Social and the president
The president's media company has tried its hand at a half-dozen new lines of business to lift its stock, but nothing has worked. Now it's getting back...
Alkami Puts Digital Banking Business up for Sale
Digital banking software firm Alkami Technology has reportedly put itself up for sale. The move came after the company saw interest from potential buyers
Grok Bot is an all-new iPhone and Mac app from SpaceXAI and Cursor
SpaceXAI and Cursor are in the process of becoming a single company, but first, the two firms are releasing an...
Mississippi couple takes on Gatorade, Powerade with new sports drink
A Mississippi couple launched a clean-ingredient sports drink company after struggling to find healthy options for kids.
Nashville's Main Street Health ranked fastest-growing private company in U.S.
Main Street Health is ranked fastest-growing company in U.S. thanks to creative approach to rural health.
Mari expands theater empire with acquisition of ATG Entertainment
Ari Emanuel's company Mari has signed a deal to acquire Broadway and West End theater giant ATG Entertainment.
These Louisiana companies made the Inc. 5000 list of fastest-growing businesses
Fifty-three Louisiana companies made the annual Inc. 5000 list of America’s fastest-growing companies; see which company ranked the highest.
Ari Emanuel's Mari Acquires Theater Venue Giant ATG Entertainment
Mari, Ari Emanuel's new global events and experiences company, has acquired theater giant ATG Entertainment.
Ari Emanuel’s Company to Acquire 7 Broadway Theaters and 10 in the West End
The purchase of ATG Entertainment, which operates dozens of venues worldwide, will require regulatory approval.
Ari Emanuel's Mari Acquires Theater Owner ATG Entertainment For $6B
The deal size has been estimated at $6 billion, as the live events company establishes a bigger foothold in the theater industry.
Siouxland Business Spotlight: Hall Monument
Siouxland Business Spotlight host Amy Nilles spoke with Susan Lindgen from Hall Monument to discuss the company’s services.
Siouxland Business Spotlight: Siouxland Community Health Center
Siouxland Business Spotlight host Amy Nilles spoke with Dena Neiman from Siouxland Community Health Center to discuss the company’s services.
Siouxland Business Spotlight: Sioux Center Health
Siouxland Business Spotlight host Amy Nilles spoke with Dr. Lorianne Andersen from Sioux Center Health to discuss the company’s services.
WEBTOON Entertainment Inc. to Participate in Upcoming Investor Conferences
LOS ANGELES, Aug. 11, 2026 (GLOBE NEWSWIRE) -- WEBTOON Entertainment Inc. (Nasdaq: WBTN) (“WEBTOON Entertainment” or “the Company”), a leading global entertainment company and home to some of the world’s largest storytelling platforms, today announced it will participate in the following upcoming investor conferences: Deutsche Bank 2026 Technology ConferenceAugust 26, 2026Location: Dana Point, CA Goldman Sachs Communacopia + Technology ConferenceSeptember 10, 2026Presentation Time: 4:25 PM PTLoc
Lionsgate: Filmed Entertainment Backlog Jumps 21% To $1.5 Billion As Library Revenue Approaches $1 Billion
Lionsgate Studios' filmed entertainment backlog increased 21% year-over-year to $1.5 billion during its fiscal first quarter of 2027, while trailing 12-month library revenue reached $987 million as the company’s existing film and television catalog becomes an increasingly important source of recurring cash flow.
Joby Aviation to Scale Defense Business Through Acquisition of Resonant Sciences
Acquisition will significantly expand Joby’s defense business by adding a fast-growing company with established programs, classified capabilities and scaled manufacturing operations` Upon closing, Resonant will become Joby’s dedicated defense business, continuing its existing programs while expanding its portfolio to include Joby’s hybrid aircraft and autonomy technologies. Joby’s commercial aircraft business will remain focused on its electric air taxi initiatives Combination will create immediate opportunities to unite Joby’s dual-use aircraft, propulsion and autonomy technologies with Resonant’s radio frequency (RF), sensing and mission systems capabilities as well as its world-leading expertise in low-observability aircraft design Resonant delivered more than $100 million in trailing-twelve-month revenue, representing approximately 40% year-over-year growth, alongside strong adjusted EBITDA generation, driven primarily by long-cycle programs with the U.S. government, prime contractors and next generation defense technology programs
A pain point in my schedule led me to leave Citadel to found a startup
Maria Cabral Menezes, 27, would work out before her job at Citadel every day. Her smelly gym bag gave her an idea for the company she's now building.
Intensity Therapeutics Reports Second Quarter 2026 Financial Results and Provides Business Update
/PRNewswire/ -- Intensity Therapeutics, Inc. ("Intensity" or "the Company") (Nasdaq: INTS), a late-stage clinical biotechnology company focused on the...
The U.S. Healthcare System is Already Mostly Socialized
Now that Abdul El-Sayed is the Democratic nominee for Michigan’s open Senate seat, the outcome of this crucial race will depend mainly on two things: Whether Republicans succeed in demonizing El-Sayed because he’s brown and a Muslim, and whether they succeed in demonizing him as a left-wing radical. I will defer for the now the question of whether bigotry will be effective this year, although I will address it another day. What I want to address instead is El-Sayed’s signature issue — healthcare. Yes, El-Sayed advocates Medicare for All, a position the usual suspects denounce as “socialism.” I will get to the politics of his stance soon. Today, however, I want to talk about the substance. We should be clear that El-Sayed doesn’t even call himself a socialist. On the contrary, he explicitly disavows the label, saying “I’m a capitalist who just knows about capitalism”. In fact, as I explained in a previous post, the policies that El-Sayed advocates qualify him as a social democrat, not a socialist. Still, El-Sayed advocates a system under which the government would pay almost all medical expenses. Isn’t that socialism? Well, if that is the criterion then much of U.S. healthcare is already socialist. In fact, the government’s role is so large that U.S. healthcare is better described as partially privatized socialism than as anything resembling a free market. Let’s start with the raw numbers on health insurance, which pays the bulk of Americans’ medical expenses. Americans receive health insurance either from private companies or from public programs, overwhelmingly Medicare and Medicaid. Here’s what the breakdown of coverage and spending between private and public looked like in 2024: While a majority of Americans with health insurance get it from private companies, well over 100 million of us are covered by government programs instead. And these government programs pay more total dollars for medical bills than the private insurers do. Why do government programs that cover a minority of the population account for a majority of health insurers’ outlays? Mainly because Medicare covers seniors, and we’re expensive. Also, while Medicaid covers many younger Americans, disabled and elderly beneficiaries account for most of its spending. Even by the raw numbers, then, U.S. health insurance looks as much public as private. But that understates the government’s role: Private health insurance in the U.S. is both highly regulated and heavily subsidized. This is obviously true for the insurance coverage purchased by tens of millions of Americans through the exchanges established by the Affordable Care Act. But employment-based health insurance, which covers 161 million Americans, is far more of a government creation than most people realize. For employment-based insurance exists largely because of huge implicit government subsidies that come with major strings attached. Here’s how that works. If your employer pays you $10,000, that’s taxable income. But if your employer pays $10,000 toward a company health insurance plan that meets certain criteria, it isn’t taxable. That’s a huge effective subsidy, running at more than $300 billion a year. Take that subsidy into account, along with the more than $100 billion per year spent subsidizing policies purchased under the ACA, as well as the outlays on Medicare and Medicaid, and net effect is that the government pays for more than two-thirds of Americans’ health insurance. Granted, there are strings attached. Roughly speaking, employment-based health plans can’t discriminate based on medical history — that is, they can’t deny coverage to employees with pre-existing conditions — and they also can’t offer the plans only to highly compensated employees — a health plan that is only for the C-suite is considered taxable income. So given the restrictions of the federal tax code, employer-based health insurance is a lot like Obamacare, which also prohibits discrimination based on medical history and provides subsidies to make insurance affordable to lower-paid workers. The fact is that virtually all of private healthcare insurance is already well under some form of government control through regulation and tax subsidies. How should we think about this system? First of all, is Medicare socialist? Don’t tell anyone, but the way Medicare operates — it covers every senior’s medical expenses, whatever they turn out to be, while being funded by taxes that depend on one’s income — could be summarized by the old Marxist slogan “From each according to his ability, to each according to his need.” And back in 1961, when Ronald Reagan was the face of a last-ditch effort by the American Medical Association to block the creation of Medicare, he denounced Medicare as “socialized medicine” and warned that it would destroy our freedom. In reality, American freedom survived until Jan. 20, 2025, while Medicare is immensely popular, with an 82 percent favorable rating in the most recent KFF survey. Medicaid, government health insurance for lower-income Americans, comes in at 73 percent. This is in sharp contrast to public views about private insurers, who are widely disliked if not hated and accused of denying essential care. Furthermore, if Medicare is socialism, then the whole U.S. health insurance system, with the government paying most of the bills and placing conditions on private insurers, is almost equally socialist. If you insist on calling any program the government pays for and regulates socialist, then U.S. healthcare would best be described as a partially privatized form of socialism. And one must ask, what is the point of the part that is privatized? Do private insurers add anything positive? Or are they simply parasites, skimming off money that could have been paying for care? The case for viewing insurers as parasites is strong. Many Medicare benefits are now delivered via Medicare Advantage, that is, plans paid for by the government but run through insurance companies. MedPAC, an independent advisory commission, estimates that last year Medicare Advantage plans were overpaid by $84 billion, thanks to practices such as “upcoding,” in which patients’ health problems are overstated to get larger sums from Medicare. Assessing the waste from employer-based insurance is harder, but most evidence suggests that private insurers have substantially higher administrative costs than Medicare does. Furthermore, the complexity of private insurance, with multiple payers all trying to deny care when they can, is a huge burden both on providers — doctors, nurses, and hospitals — and on patients. What do private insurers offer to compensate for these costs? One must go through intellectual contortions to avoid the conclusion that they are, in fact, parasites. Which brings me back to El-Sayed. In supporting Medicare for All, he’s basically calling for an end to the partial, parasitic privatization of a healthcare system that is already hugely dependent on public funding. When one looks at it that way, it’s not at all a radical proposal. Admittedly, the political lift requires overcoming the opposition to higher taxes to pay for Medicare for All. Political realism rather than economics was the reason I and many other progressives supported Obamacare, with all its complexities, rather than demanding an immediate move to Medicare for All. But the political calculus may very well have shifted since the 2000s, as Americans are fed up with a system of unaffordable premiums, rampant claim denials, and byzantine claim administration. Moreover, funding healthcare insurance through taxation would allow for a much more progressive distribution of the cost. That is, compared to the present system, middle-income households would pay less as high-income households would pay more. And the U.S. would stop wasting large sums on pointless administrative costs. So let’s be clear: El-Sayed’s healthcare platform is perfectly reasonable on the merits of cost, fairness and health efficacy. And with private insurers never more hated, while millions of Americans are losing their health insurance, 2026 may be its time. MUSICAL CODA
Robinhood Now Has 13 Separate Business Lines Above $100 Million in Annualized Revenue. Here's Why Crypto No Longer Decides the Quarter.
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Doral bets $738 million on its U.S. renewable energy business
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Tencent Music Entertainment Group Announces Second Quarter 2026 Unaudited Financial Results
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Archer Aviation Exec Says Boeing Deal Will ‘Significantly Change the Profile’ as $200 Million Insitu Business Joins Portfolio
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Neil Leibman exits Texas Rangers chairman role to pursue new business opportunities
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As Trump Media scraps some businesses, it's doubling down on Truth Social and the president
The president's social media company is going back to its roots.
As Trump Media scraps some businesses, it's doubling down on Truth Social and the president
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Neil Leibman exits Texas Rangers chairman role to pursue new business opportunities
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Flowers Foods seeks to divest Tastykake baked goods business, sources say
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Archer Aviation Just Bought a $200 Million Defense Business From Boeing -- by Giving Up 20% of the Company
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Saber's newest game trailer takes a shot at Gearbox's CEO, if you look closely
The first hint that something might be up with the recent debut trailer for Saber Interactive’s Rideshare Stimulator is an unusual choice of words—aside from that second one in the game’s title. “Don’t take your passengers too seriously,” the trailer’s narrator says, as he describes this upcoming game. It a car game about the gig work of driving eccentric people to their destinations, a riff on Crazy Taxi. And then, he says: “When I think I’ve met the randiest of passengers, someone even stranger gets in.” “Randiest”? That suggests “randy,” which usually means having strong sexual desire. Yet none of the oddball backseat occupants featured in the trailer seem particularly lustful. One is an old man who considers his grandson a failure, another shares the theory that birds might control traffic lights, another says he’s banned from an aquarium. A little later, there’s a license plate, shown 63 seconds into the trailer, on the front of an SUV: USB DRV It’s a Texas plate. The symbol between those letters is a cog wheel. If you know, you know. That’s a reference to Texas-based Borderlands game development studio Gearbox Software (their logo features a cog wheel). More specifically, it’s a reference to Gearbox’s CEO Randy Pitchford, who in 2018 found himself explaining the nature of video he’d saved on a USB drive that was found at a Medieval Times restaurant before being returned to the studio: “It was ‘barely legal’ porn. This girl’s handle was ‘Only 18.’” The “girl” in the video had committed a solo sex act that Pitchford, an avid practitioner of magic, found remarkable. “I realized, this is not a sex worker…This is a fucking magician.” Back then, the USB drive was central to competing lawsuits against Gearbox by the studio’s former lawyer and by Gearbox against him. A settlement in late 2019 “exonerated” Pitchford, per the Hollywood Reporter. The USB story has resurfaced at times, now in a trailer from a company that not long ago was corporate brethren with Gearbox. Saber vs. Gearbox The head of Saber told Game File that the reference is payback. “The dig is because Randy took shots at Embracer in Borderlands 4,” Saber CEO Matt Karch told me when I asked him about the license plate. “Without Embracer, Randy is performing magic tricks at birthday parties for a living.” Having interviewed Karch during a cross-country flight in late 2024, I can confirm that Karch was unimpressed with Pitchford during their time both working in the Embracer group. I’d approached him not out of surprise that there was animosity but that it was manifesting publicly now. Gearbox was founded in 1999, worked on a port of Halo early on, and developed hit series such as the loot-based sci-fi shooter Borderlands before it was purchased by The Embracer Group in early 2021 for $363 million (with a possible earn-out of over $1 billion, if certain targets were hit by 2027). Saber was founded in 2001, worked on a remaster of Halo early on, had a big hit with zombie shooter World War Z and was purchased by Embracer in early 2020 for $150 million, with a potential earn-out of up to $375 million. For a few years, the Embracer group was a voracious acquirer of game studios. Then, as investment dried up, it choked. In March 2024, Embracer sold Saber to an investment company controlled by Saber CEO Matt Karch, and it sold Gearbox in an all-stock deal to long-time Borderlands publisher Take Two Interactive. Other studios were shut down. Hundreds of developers were laid off. Gearbox didn’t say much about their Embracer experience, nothing too direct, at least. In the summer 2024, Pitchford told reporter and occasional Game File contributor Nicole Carpenter that Borderlands 4’s story was in some way thematically connected to Gearbox’s experience at Embracer: “There’s this cultural and emotional shift in me, personally, and at the studio. What does it mean to trade some autonomy for organization?” When Borderlands 4 came out, there was something stranger: the matter of “Embracer’s Bluff,” a location in the game featuring an AI-powered toilet and a large trash dump, according to a detailed Kotaku account of the place. Gearbox never commented on it; Take Two never got back to me about it when I asked them last year. By contrast, since Saber exited Embracer, Karch has been one of Embracer’s biggest defenders, casting their management as well-meaning and supportive despite the layoffs and studio closures that resulted from their excessive expansion. Like others, Saber’s Karch saw Embracer’s as a shot. With Rideshare Stimulator’s trailer, he’s returned fire. “It’s amazing to me how fast people forget those who went above and beyond for them,” Karch told Game File. A rep for Gearbox did not comment by press time. Game File is a reader-supported publication. Your backing makes my reporting—including any coverage of trailer-based beefs—possible. Good news! I’m currently running Game File’s first big sale of 2026. You can get a one-year subscription for 23% off. Click here to take advantage of the limited-time offer. And thank you for your support! Item 2: In brief… 🚫 Wal-Mart has laid off the staff of Restart, a games media outlet launched in 2024, Aftermath reports. 🟥 A GTA VI preview is on the way, at last, via an “extended look” that will premiere, unusually, on Netflix at 3pm ET on August 27, then officially go live elsewhere six hours later. Last week, Game File noted that Take Two label Rockstar Games is overdue for showing off GTA VI, based on the timing of the initial hands-off previews of GTA V and Red Dead Redemption 2. During a call with investors, Take Two CEO Strauss Zelnick said pre-orders for GTA VI were “unprecedented and astonishing,” but added the company can’t predict how many of those pre-orders represent bonus sales vs. sales that otherwise would have been made at launch. During the same call, Zelnick was noticeably bullish on the future of playing games over streaming cloud connections (predicting wider adoption in three or so years). He sounded unbothered by Sony’s plans to stop making discs for new games (he said the business is 90% digital already and predicted that there could still be limited edition physical editions of games “in the same way there’s still vinyl in the recorded music business.”) 👀 Take Two wrote off $43 million in their spring quarter after deciding “not to proceed with further development of an unannounced title in its pipeline from a third-party developer.” 🤔 Some rare age-demographics from a big publisher: Capcom recently told investors that “users in their 20s account for approximately half of the users of both Pragamata and Resident Evil Requiem.” Item 3: The week ahead Tuesday, August 11 Game releases: The Elder Scrolls IV: Oblivion Remastered (Switch 2; already out for PC, PS5, Xbox) continues the Bethesda strategy of putting Elder Scrolls games on everything; Royalty Free-For-All is a Smash Bros.-style fighting game featuring public domain characters such as Mother Goose brawling with Oliver Twist in a stage based on the original Little Shop of Horrors movie. Wednesday, August 12 Game release: Pro Jank Footy (PC, console) is an arcade-style Australian Rules Football game with increasingly ridiculous rules, the more you play (I enjoyed the Steam demo) Thursday, August 13 Game release: Super Mario Sunshine (Switch 2, originally released in 2002 on the GameCube) is released for Switch 2’s Nintendo Switch Online service. This game is the black sheep of 3D Mario games. It’s the successor to the breakthrough Super Mario 64 and the rare Mario game built around a single (vacation resort) theme. Mario’s got a water-spraying backpack, a Yoshi pal and a lot of blue coins to collect.
Hims & Hers Health (NYSE:HIMS) Exceeds Q2 CY2026 Expectations But Stock Drops
Telehealth company Hims & Hers Health (NYSE:HIMS) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 38.2% year on year to $753.2 million. On top of that, next quarter’s revenue guidance ($890 million at the midpoint) was surprisingly good and 12.4% above what analysts were expecting. Its GAAP loss of $0.37 per share was significantly below analysts’ consensus estimates.
iRhythm to acquire rival cardiac monitoring company for $288M
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Community members demand Colorado issue public health order for ICE tuberculosis case
Community advocates called for more pressure from Colorado officials on the private company that runs an ICE detention center.
FDA confirms new recall for Impella heart pump accessories
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How You’ll Know What Business You’re in
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"They don't understand art" - id Software lead slams Xbox, says it's "impossible" to make games like 2016's Doom now
id's lead services provider Chris Hayes spoke to the Well Played podcast about the studio, and the problems he has with the company post-layoffs.
Forty Under 40: Devin Kuhl
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I built a company after losing my mom unexpectedly
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Chrissy Metz Talks '& Juliet' and New Music, Shares Health Update
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UNCW Business School Students Travel to Prague for Real-Life Consulting Experience by David Glew
This article was contributed by Kestrel Smoot, International Programs Coordinator for UNCW’s Cameron School of Business. During the most recent spring semester, 33 upper-level finance and marketing students from the UNCW’s Cameron School of Business traveled to Prague, Czechia, to participate in an intensive international consulting project. Unlike traditional study-abroad programs, the Prague consultancy project focuses on real client engagement. Each year’s project is entirely new, designed through collaboration between faculty and industry partners to identify a current business challenge that students will address. This year, students worked with MAMS-Champi, a Czech non-alcoholic beverage company that is seeking to expand into other global markets. Throughout the first half of the semester, students attend class at UNCW and prepare for their time abroad by conducting preliminary research, developing analytical frameworks, and organizing themselves into specialized teams responsible for tasks such as marketing strategy, industry analysis, consumer segmentation, and competitive evaluation. The course emphasizes independence and teamwork, requiring students to take ownership of their work, manage deadlines, and collaborate across functional groups. Additionally, faculty serve as advisors, allowing students to navigate the complexities of the project much as they would in a professional consulting environment. Once in Prague, students met with company leadership, toured facilities, and refined their recommendations based on real-time feedback. The in-person component is widely regarded as the most transformative aspect of the program because students must synthesize weeks of work into a cohesive presentation and deliver it to the client, demonstrating professionalism, strategic thinking, and adaptability. Beyond the consulting work, students participated in cultural and educational activities that broadened their understanding of global business environments. They explored Prague’s historic districts, learned about Czech culture, and engaged with local professionals. These experiences helped students understand how economic, regulatory, and social factors shape market opportunities. The Prague consultancy project stands as a defining example of the Cameron School of Business’s commitment to experiential learning, consistently strengthening students’ confidence, enhancing their resumes, and serving as a focal point in job interviews. Employers recognize the value of the hands-on experience and transferable skills students gain, underscoring the program’s role in preparing industry-ready graduates for today’s fast-moving business landscape.
Instacart and Academy Sports + Outdoors Team Up for Same-Day Delivery in as Fast as an Hour
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