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Rep. Young Kim Introduces BOOST for American Business Act toStrengthen U.S. Economic Competitiveness Abroad
WASHINGTON, D.C. — Today, Congresswoman Young Kim (CA-40) introduced the Building Overseas Opportunities & Strategic Trade (BOOST) for American Business Act to support American businesses abroad and protect critical American industries from foreign adversaries like the Chinese Communist Party (CCP). American businesses competing in international markets too often lack a strong advocate in their corner.
Windows PC Industry Reacts to Apple's Most Affordable MacBook Ever
A few months ago, Apple released the MacBook Neo, its most affordable MacBook ever. At the time, an ASUS executive admitted that the laptop came as a "shock" to the Windows PC industry, which is now in the process of responding. Acer today introduced a Swift Air 14 laptop, with U.S. pricing starting at $699. By comparison, the MacBook Neo starts at $599 with a 256GB SSD and 8GB of RAM, or at $499 for college students and educational staff.
Lim Meng Hoong: AI Industry Enters a Science-Driven Era at Science x AI Summit 2026
SAN FRANCISCO , May 29, 2026 (GLOBE NEWSWIRE) -- The AI industry is officially entering a science-driven era, moving beyond single-model competi...
CHAI releases AI governance guidance for health systems
The resources aim to offer a standard but flexible framework for health systems, regardless of their size or available resources, the industry group said.
De Niro look-alike Vinny Magliulo will be inducted into the Sports Gambling Hall of Fame
“He has added class to an industry sorely lacking in it,“ Vegas legend and fellow Hall of Famer Roxy Roxborough said.
Iowa ABI names 2026 Leadership for Iowa Award recipient
The Iowa Association of Business and Industry and Leadership Iowa have announced Myron Linn as the 2026 recipient of the Leadership for Iowa Award, recognizing his decades of leadership in business, public service and community engagement across the state. Linn, a graduate of the 1988-89 Leadership Iowa class, will accept the award June 3 at…
Is The 2026 World Cup a Model for the Future? A Sports Executive Weighs In.
A sports executive explains the World Cup's complex business operations and economic impact and what it might mean for the sports industry
Why can’t Elon Musk do for politics what he’s done for industry?
So much for advancing civilisation
White & Case advises Fertitta Entertainment on its agreement to acquire Caesars Entertainment
Global law firm White & Case LLP has advised Fertitta Entertainment, Inc., a leader in the hospitality and entertainment industries, on its agreement to acquire Caesars Entertainment, Inc.
Argonne to lead $2.8M project to accelerate catalyst discovery
Argonne National Laboratory has been awarded $2.77 million by ARPA-E to speed the discovery of industrial catalysts using AI, automation and rapid testing through the CATALCHEM-E program.
Young submarine workers are leaving for less demanding jobs
Retention rates are highest among young, entry-level workers who leave the demanding roles for similar jobs in other industries.
St. Louis business leaders seek to shake up the data center narrative
Data centers are the topic that just won’t go away, and given the public acrimony surrounding them, local business leaders and other supporters are keen on reframing the conversation. Case-in-point was the panel convened yesterday by the regional business association Greater St. Louis Inc. featuring representatives from the data center industry, labor unions, building trades, […]
The shocking cost of youth sports in New Jersey
New investigation reveals a predatory industry preying on well-meaning parents, leaving them broke and exhausted
Golf Business Live: Greg Nathan, National Golf Foundation
The NGF president and CEO joins host Jay Karen to have a data-driven conversation on the current state of the industry.
A Look At Flutter Entertainment’s Valuation As FanDuel Launches New World Cup Coaches Corner Series
Flutter Entertainment (NYSE:FLUT) is back on investor radars after its FanDuel unit unveiled Coaches Corner, a 10 episode World Cup themed series featuring three former United States Men's Soccer head coaches. See our latest analysis for Flutter Entertainment. The latest share price of US$95.75 comes after a 1 day share price return of 2.07%, but the 30 day share price return is down 13.68% and the 1 year total shareholder return is down 61.22%, pointing to fading momentum despite content...
Here’s how a new law will change Minnesota’s cannabis and hemp industries
Cannabis and hemp supply chains will merge, businesses making hemp-derived products will have an easier time transitioning into the cannabis market, hemp-derived THC drinks can now be sold in sizes similar to liquor bottles, and more.
Small Business Creation Rose Post-Pandemic; Expansion Remains Key Challenge
Report finds small business disparities rooted in business size, industry, and location
Control Without Ownership: How China's Party-Business Networks Dominate Indonesia's Mineral Supply Chains
In 2024, when Jiangsu Delong, the world’s second-largest stainless-steel producer, filed for bankruptcy, several Chinese firms and state-owned enterprises
Escaping the Heat? The Politics and Problems of Orbital Data Centers
What happens when digital systems outgrow the Earth that sustains them? Computing has always consumed energy and water, but the growing ambitions of the AI industry are pushing demand to an unprecedented scale. As pressures mount, data centers in orbit around the Earth have been pitched as a solution. But space is no escape, and what is framed as a technical fix risks entrenching digital dependence in an increasingly militarized, fragile, and crisis-prone environment. Orbital data centers simply relocate critical infrastructure into an already contested domain where the boundaries between civilian and military systems blur, satellites become strategic targets, and systemic disruption becomes a tool of coercion.
BSN wins award for top live production
ATLANTA – For the first time, the Bearkat Sports Network has been given one of the industry's top honors, winning a College Sports Media Award at the Annual ...
New NFIB Industry-Specific Survey Shows Shift in Small Business Optimism
WASHINGTON, D.C. (May 27, 2026) – The NFIB Research Center released an industry-specific quarterly Small Business Economic Trends survey highlighting the construction, manufacturing, retail, and services industries. According to the report, the Optimism Index for all four reported industries fell fr
Cherokee Film Institute opens applications for June and October classes
Cherokee Film Institute is now accepting applications for its upcoming June and October sessions, continuing its mission to develop Native and local talent for Oklahoma’s growing film and media industry.
Semnox Powers new entertainment venue with Scalable Solutions
BACĂU, Romania — Semnox Solutions, a global provider of integrated technology solutions for the entertainment and leisure industry, has partnered with Funzy Playground, a new indoor family entertai…
Health Care Industry Trend Watch: Week of May 25, 2026
Attention now shifts to how states will deploy and account for Rural Health Transformation Program funding.
‘The Office’ Editor Thinks AI Can Make Comedy Funnier
Welcome to Rendering, a Deadline column reporting at the intersection of AI and showbiz. Rendering examines how artificial intelligence is disrupting the entertainment industry, taking you inside key ...
Mina The Hollower Surpasses The Greatness Of Shovel Knight
With Mina the Hollower, Yacht Club Games has cemented itself as one of the premiere independent studios in the industry today. Its breakout hit, Shovel Knight, was a retro-throwback platformer that merged classic 8-bit-style action with some modern touches. Mina the Hollower looked similarly old-school, with a look and feel that obviously pays tribute to...
Defense Billionaire’s Father Builds New Business on CSG Model
The founder of CSG NV, which completed the biggest ever initial public offering for a pure defense company four months ago, is seeking to raise as much as €200 million ($233 million) this year to expand his industrial group.
China’s industrial maturity and supply chain control open exciting opportunities for Kuehne+Nagel
Michael Aldwell from Kuehne+Nagel Group discusses growing business opportunities in China.
Santana: Industrial Business Regulations Get Fresh Look in Wake of Garden Grove Evacuation
State leaders are debating how to regulate industrial businesses amid a chemical plant emergency in Garden Grove.
NASA's Jet Propulsion Laboratory Initiates Largest Change In 70 Years, Solicits Bids To Replace Caltech As Its Manager
A booming industry is proving that private enterprise can make serious strides in space, and JPL is looking to find cheaper ways to do what it's always done.
Foley Hoag Adds Sports, Entertainment Partner Mathieu in Boston
Alain Mathieu joined Foley Hoag as a partner in its litigation department in Boston, the firm announced Tuesday.
FinTech Pet Care Software Kennel Connection Brings Petwealth Pet Health Diagnostics to Pet Boarding & Daycare Expo West Following Strong Industry Reception at Intergroom
MOORPARK, Calif., May 26, 2026--Kennel Connection expands its exclusive Petwealth diagnostics partnership to Pet Boarding & Daycare Expo West following strong reception at Intergroom
Canadian Physician-Founded Ava Industries Named Best Electronic Health Record Service in the 2026 MedTech Breakthrough Awards
Ava Industries (Ava), the Canadian electronic medical record (EMR) company built by physicians for physicians, has been named "Best Electronic Health Record Service" in the 2026 MedTech Breakthrough Awards program, a global recognition platform honouring innovation in digital health and medical technology.
Silicon Valley’s dream candidate hits the limits of California politics
Matt Mahan was the tech industry’s chosen champion — but his campaign to be the next governor of California has fallen flat.
From smart agriculture to mental health: These are the New U.S.-Israel projects set to receive $7.5 million from the BIRD Foundation
On May 5, 2026, the Board of Governors of the Israel-U.S. Binational Industrial Research and Development (BIRD) Foundation approved grants totaling $7.5 million for seven new projects between U.S. and Israeli companies. In addition to BIRD funding, the projects will leverage private-sector investment, resulting in a combined investment of $20 million across all projects.
U.S. Rep. Steil advocates for crypto while industry backs his campaign
Wisconsin Congressman Bryan Steil has benefited from campaign contributions from the crypto industry as chairman of the subcommittee on digital assets.
Booming U.S. defense business benefits a new type of company in Michigan
Small and medium-sized businesses have more opportunity than ever to break into a defense industry under a new mandate to move faster.
Associated Industries of Florida endorses Mike Suarez in HD 64
'I look forward to working alongside AIF to advance policies that support Florida families, small businesses, and our growing economy.'
Loyola’s Data Science in Everyday Life
Loyola University Maryland will hold “Data Science in Everyday Life: Applicability, AI, and Other Trends,” a networking and panel event exploring data science from a range of perspectives across industry and government.A keynote address delivered by data science industry expert David Norton, MBA ’95, will begin the event. Norton is the chairman and chief marketing officer of GALE Partners, a digital and analytics-based branding agency. He was named Chief Marketing Officer of the Year in 2010 and wrote “The High Roller Experience,” a book about data-driven marketing.Norton will moderate the panel discussion, which includes:• Elise Beisecker, senior data scientist in the U.S. Government Accountability Office• Amanda Muller, Ph.D., chief of responsible technology at Northrop Grumman• Franklin Hernandez, MBA ’13, M.S. ’20, senior lead machine learning engineer at Booz Allen Hamilton• Joseph Girsch, M.S. ’21, machine learning analyst at The Johns Hopkins University Applied Physics Laboratory• Mark Wicks, retired vice president of data science, data scientist, machine learning engineer and software developerHernandez and Girsch each earned an M.S. in Data Science from Loyola.The event is free and open to the public. Networking and appetizers will begin at 5:30 p.m. followed by the keynote address and panel discussion at 6:30 p.m. and audience questions and closing remarks at 7:30 p.m. To learn more and register to attend or stream the event online, visit the event webpage.
Global Mitochondrial Health Summit 2026: How nutraceuticals power cellular energy for longevity
Mitochondrial health is now recognized as vital for overall well-being and longevity. Leading clinicians, researchers, and educators on the emerging science behind the cellular powerhouse will be meeting on June 26 at the inaugural Global Mitochondrial Health Summit, hosted by Kaneka Ubiquinol.Ahead of the event in Sydney, Australia, Nutrition Insight speaks with Dr. Kazunori Hosoe, scientist and researcher at Kaneka Corporation, about advancements in mitochondrial science, gaps in nutraceutical products, and how the industry can communicate complex science with consumer-friendly messaging.
Scientists discover a giant “planet factory” beyond Jupiter
Scientists believe a dust-filled ring just outside Jupiter acted like a cosmic “planetesimal factory,” producing multiple generations of early space rocks with very different compositions. The discovery may finally explain the origins of several mysterious meteorite types that have survived since the birth of the Solar System.
NASA’s Psyche spacecraft uses Mars as a giant slingshot toward a mysterious metal world
NASA’s Psyche spacecraft just used Mars as a giant gravitational slingshot to continue its journey toward a strange metal rich asteroid. The close flyby boosted the spacecraft’s speed by about 1,000 mph while also producing rare crescent images of Mars glowing through its dusty atmosphere.
Assessing Ubisoft Entertainment (ENXTPA:UBI) Valuation After Deep Losses And Guidance For Another Tough Year
Ubisoft Entertainment (ENXTPA:UBI) is back in focus after its full year 2026 results, reporting sales of €1,395.7 million and a significantly larger net loss of €1,475.2 million compared with the previous year. See our latest analysis for Ubisoft Entertainment. The 1 day share price return of 12.95% to €5.284 came after the earnings release and guidance for another tough year. However, the 1 year total shareholder return is down 46.97%, with multi year total returns also deeply negative. This...
Assessing Melco Resorts & Entertainment (NasdaqGS:MLCO) Valuation After Recent Share Price Weakness
Melco Resorts & Entertainment (MLCO) has been drawing attention after a period of weaker share performance, with the stock down over the past month and past 3 months. This has prompted closer scrutiny of its current valuation. See our latest analysis for Melco Resorts & Entertainment. At a latest share price of $5.38, Melco Resorts & Entertainment has seen its 7 day share price return fall 2.71% and its year to date share price return decline 28.36%, while the 5 year total shareholder return...
Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
Thank you for opening your Chartbook email. Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944 Semiconductor decoupling Source: FT One thing that Jerome Powell deeply understood is that chairing the Fed under current conditions is a deeply political job. “Powell has successes and mistakes to his name. But he stands out as having thought more carefully about the Fed’s democratic legitimacy than any chair since Paul Volcker,” said Paul Tucker, a former deputy governor at the Bank of England, referring to the Fed chair who successfully fought the great inflation of the 1970s and early 1980s. … While Powell was at the Treasury in the early 1990s, he watched Alan Greenspan build relationships within the government. That convinced Powell he needed to follow the former Fed chair’s lead and spend more time in Congress than his predecessors Yellen and Bernanke. “The accountability for the Fed runs through Congress,” said Claudia Sahm, a former Fed official who is now chief economist at New Century Advisors. “That’s not just about having people on speed dial — it’s answering questions, explaining policy and getting feedback.” Source: FT Ethiopia’s PM Abiy and Nigerian business tycoon, with Chinese engineering, are driving industrialization in Ogaden/Somali region of Ethiopia. - Michael Masri’s reporting for Africa Report if fascinating. Ethiopia has launched a cluster of large industrial schemes in the Somali region, laying foundation stones for a urea plant and an oil refinery in Gode while opening the first two phases of the Ogaden LNG project. Abiy Ahmed framed the push as part of a broader strategy to link energy, agriculture and industry. “These projects embody more than industrial growth,” he said. “They represent our shared responsibility to harness opportunities, strengthen co-operation and promote peace.” The Gode urea plant, backed by Dangote Group and Ethiopian Investment Holdings (EIH), is designed for 3m tonnes a year. Dangote owns 60%, while EIH holds 40%. Officials say Dangote’s equity totals about $2.5bn, while the state provides land and implementation oversight. Gas from the Calub fields will be piped 108km to the site. Construction is slated for 40 months, with operations targeted for 2028. Ethiopia imports most of its fertiliser, spending more than $1.2bn a year for 1.5m–2m tonnes. Usage was roughly 1.7m tonnes in 2023, almost half of it urea, and demand for 2024–25 is put above 2.4m tonnes. If delivered on time, the Gode plant could cover domestic needs and allow exports to neighbours. Brook Taye, chief executive of EIH, called the venture “a significant milestone in the journey toward industrial self-sufficiency”. Dangote told the groundbreaking crowd that the complex would be integrated with gas supply and a polypropylene unit to support local inputs. He pointed to Ethiopia’s Grand Ethiopian Renaissance Dam (GERD), with a capacity of more than 5,000MW, and noted his group’s cement operations and expansion plans. The Gode refinery is being developed by Golden Concord Group of China. It is designed to process 3.5m tonnes a year of crude and condensate from the Hilala field, with associated storage. Backers say it will ease foreign-exchange pressure from fuel imports and anchor further industrial activity, including a proposed steel smelting site in Dire Dawa. GCL’s chair, Zhu Gongshan, cast the project as “a key step in Ethiopia’s path to energy sovereignty”, underscoring the Beijing–Addis ties. Financing details are still being finalised, but the refinery is central to the government’s energy-security narrative. Source: The Africa Report Dangote’s Ethiopian vision: Dangote began with cement. His crown jewel, Dangote Cement, dominates Nigeria’s market and has 10 operations in other nations in Africa. The formula has been consistent: identify sectors with chronic shortages – cement, fertiliser, sugar – commit massive local investments, and scale up to serve regional demand. Ethiopia was a natural extension of that model. In 2015, Dangote launched the Mugher Cement Plant outside Addis Ababa at a cost of $600m, with an annual capacity of 2.5 million tonnes. The investment gave him a firm foothold in one of Africa’s fastest-growing construction markets. But success came with risks. In May 2018, violent unrest led to the killing of Dangote’s country manager and temporary shutdowns at Mugher. While other investors might have retreated, Dangote doubled down. Today, he is preparing to spend $400m to expand Mugher’s capacity to 5 million tonnes, alongside a new grinding unit near Addis Ababa. Cement is just one market Dangote is targeting. Ethiopia’s enormous state-controlled sugar industry, long plagued by inefficiency and debt, has struggled for years to reform. Its Omo Kuraz Sugar Development Project, touted as one of the continent’s largest initiatives, continues to face delays and mismanagement. … The most ambitious venture of all is the planned fertiliser production complex in Gode, Somali region. Publicised on 28 August 2025, the Dangote Group and Ethiopian Investment Holdings (EIH) deal plans one of the world’s largest single-site urea manufacturing plants. The project costs an estimated $2.5bn and has an estimated capacity of 3 million metric tonnes annually, a rate that would not only render Ethiopia independent, but even a net exporter of fertiliser. EIH, the state wealth fund of Ethiopia, will hold 40%, while 60% is held by Dangote Group. … For Dangote, Ethiopia is a trifecta: Cement demand is projected to grow by 10% annually, its sugar consumption is growing with rapid urbanisation, and fertiliser demand is all but insatiable, given that farming supports the livelihood of 70% of Ethiopians. Source: The Africa Report The stakes for Abiy are high: For Addis Ababa, the $4bn fertiliser project in Ethiopia’s Somali region is no longer simply a manufacturing investment. It is increasingly being framed as a strategic state project tied to food sovereignty, import substitution and the government’s broader attempt to build economic resilience under mounting fiscal pressure. “Becoming self-sufficient in food is our main agenda,” Abiy says during the visit. “Land is needed; we have it. Water is needed; we have it. Human resources are needed; we have it.” The scale is enormous even by African industrial standards. Once operational, the plant is expected to produce three million metric tonnes of urea annually, potentially making it one of the continent’s largest fertiliser complexes. Ethiopian officials say the project now includes a 110km gas pipeline, a 120MW power plant, a polypropylene packaging facility and a two-million-tonne NPK blending plant. For a government grappling with chronic foreign exchange shortages, ballooning import bills and pressure on agricultural productivity, the numbers matter politically as much as they do economically. The decision to anchor the project in Gode is deliberate. Long viewed as peripheral to Ethiopia’s industrial economy, the Somali region is now being repositioned by the federal government as a future irrigation and agro-industrial corridor. Officials argue that the area’s vast land reserves and access to water could eventually support large-scale commercial farming capable of reshaping Ethiopia’s food economy. The government is simultaneously building housing infrastructure for about 5,000 residents near the plant, while officials project broader industrial expansion along the corridor. Abiy goes further, comparing the long-term revenue potential of the Gode development zone with Ethiopia’s flagship state enterprise. “The investments we are making in this Gode area, combined, will generate high revenue for Ethiopia, at par with Ethiopian Airlines,” he says. Source: The Africa Report Feliks Topolski 1907-1982 Topolski’s Chronicle, ‘Nazi Revival’, Vol. 8, Is. 1-2, 1960 HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. Photo by Jakub Dziubak on Unsplash If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Grim vision of drone warfare by Sylvie Kaufmann For contributing subscribers only. Subscribe The state of the art in Colbert-studies. Jean-Baptiste Colbert was Louis XIV chief minister from 1661 to 1683 and traditionally seen as an architect of absolutism and mercantilism. Alexander Hamilton later cited him as an inspiration in 1782. Now his legacy is disputed. Daniel Dessert, the chief critic, sees Colbert as the orchestrator not so much of an absolutist state as of an elite cabal. Would be great to have a good English-language review of this important debate. Source: lhistoire Didn’t know that the Magna Carta included free trade provisions Fighting for the right to the beach in Oregon in 1967: Source: Research Gate RAF Station – British and Polish Flags, c. 1940-45, The Ingram Collection Feliks Topolski, 1907-1989 ink and wash If you’ve scrolled this far, you know you want to click: Subscribe
Top Links 1112 Semiconductor decoupling. Powell's politics. Industrializing Ogaden. Free trade and the Magna Carta.
Thank you for your support of Chartbook. Your generosity keeps this show on the road. Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944 Semiconductor decoupling
Sports betting industry backs Georgia legislators as it seeks legal gambling
The sports-betting industry is spending big on Georgia legislative elections as it seeks to legalize its product. And many favored candidates won in last week's primaries.
Why Big Business Loves Costly Regulations
In new research, Luca Macedoni and Ariel Weinberger argue that large firms are more likely to lobby in favor of strict industry regulations when they can reduce competition by imposing high fixed costs on smaller, less-profitable firms.
How The Sphere Entertainment (SPHR) Investment Story Is Shifting With New Targets And Projects
Analysts have lifted their fair value estimate for Sphere Entertainment from $136.36 to $161.00, pointing to a higher price target in updated models. That shift lines up with a wave of research that includes higher targets, rating upgrades and new coverage as more institutions focus on the company’s project pipeline and potential role in industry deal discussions. As you read on, you will see how to track these changing views and what to watch as the Sphere Entertainment story evolves. Stay...
Matthew DaVille Runs For Health And Mind
WHEELING – Matthew DaVille might sometimes feel like he is about to take flight when he runs, but it appears that running actually keeps him grounded. DaVille, a native of Louisiana, said he has been working in the Wheeling area for more than a decade now in the oil and gas industry. He resides in […]
Xreal, Google's smartglasses partner, thinks it has finally mastered this notoriously tricky industry
Chi Xu, the founder and CEO of XREAL, thinks the smart glasses business has finally reached a turning point.
20 New Watches You Missed from Omega, Audemars Piguet, Seiko, Timex and More
Keep time with the industry's most exciting new watches, including Omega, Audemars Piguet, Seiko, Timex, and more.
Tencent Music Expands China Audio Ecosystem With Himalaya Deals, Valuation Questioned
Tencent Music Entertainment Group (NYSE:TME) has completed acquisitions of Himalaya and Ximalaya. The deals bring leading podcast and long form audio platforms into Tencent Music's existing music and audio ecosystem in China. The transactions expand Tencent Music's reach beyond music streaming into a broader online audio and spoken word offering. Tencent Music runs a large online music and audio platform in China, with services that span music streaming, social entertainment, and other...
Penn Entertainment CFO Felicia Hendrix talks career change from Wall Street to gaming industry
Felicia Hendrix traded in a career on Wall Street analyzing the gaming industry to work in it at a high level. The executive vice president and chief financial
The Indie Era: Why Independent Creators Are Rewriting the Rules of Entertainment
/PRNewswire-PRWeb/ -- We, at Mortfield Industries, believe that something has quietly broken open in the entertainment industry, and it wasn't a studio...
Travel industry worries after Trump administration reiterates threat to sanctuary city airports
The travel industry is on edge after Homeland Security Secretary Markwayne Mullin reiterated his threat to withdraw U.S. Customs and Border Protection officers from airports in so-called “sanctuary cities” in a move that could jeopardize international flights.
A Look At Madison Square Garden Entertainment (MSGE) Valuation After Penn Station Decision And Theater Sale Plans
Madison Square Garden Entertainment (MSGE) drew fresh investor attention after confirmation that the Penn Station redevelopment will keep the existing arena in place, while a potential theater sale and federal infrastructure funding reshaped the stock’s value story. See our latest analysis for Madison Square Garden Entertainment. At a latest share price of $69.64, MSGE has seen a 12.92% 1 month share price return and a 9.31% 3 month share price return, while its 1 year total shareholder...
Bond breakout? Big effects of bad data. Immigration and thermostatic politics & dad-chat is coming for dad-books.
Thank you for opening your Chartbook email. Anna Airy, A Shell Forge at a National Projectile Factory, Hackney Marshes, London, 1918 Bond breakout - John Authers Across the developed markets, bond markets are staging a slow-motion car wreck. Looking at the drastic moves in the US, Japan, the UK and France, Barclays’ Ajay Rajadhyaksha commented: “Last week, long bonds broke. Not in one country. In all of them. Simultaneously. Four countries. Four different political systems. Four different central banks. But the same trade — “get me out of duration!”” Each country has its own contributing political problems, but the uniformity of the shift out of long-term bonds with high duration makes clear that something broader is afoot. For Rajadhyaksha, it is “simple and uncomfortable.” The developed world “has too much debt, too little fiscal discipline, and no political appetite for fixing either.” If there’s a trigger, it has been the Iran war and the resulting shock to oil supply. Source: Bloomberg G7 countries are now borrowing at rates that were enjoyed by EM in the early 2020s For contributing subscribers only. Subscribe Trade between China and Russia has grown in recent years For contributing subscribers only. Subscribe Big effects of bad data A decade ago nearly nine in ten Americans, when approached, agreed to fill out the Current Population Survey, which is administered to about 60,000 households each month and asks about, among other things, employment. Fewer than seven in ten do so now (see chart 1). For the Consumer Expenditure Survey, which tries to capture 3,700 households monthly, the response rate is down from 68% to 40%. … When the information becomes less reliable, investment decisions get more difficult to make. Some may be delayed, creating a potential drag on the economy. A new working paper by Nicholas Bloom of Stanford University, Erica Groshen, former head of the Bureau of Labour Statistics (BLS) now at Cornell University, and Duncan Hobbs and Michael Strain of the American Enterprise Institute, a think-tank, hazards an estimate. Preserving trust in “the integrity and quality of official statistics”, the authors claim, generates economic benefits of about $25 for every $1 spent on the BLS, the agency with an annual budget of $700m that is responsible for many of these data. To arrive at their conclusion the quartet analysed an ignoble episode in the BLS’s recent history. On August 1st 2025 Donald Trump sacked Erika McEntarfer, appointed as the agency’s commissioner by his predecessor, Joe Biden. The president alleged, without evidence, that the BLS’s steep downward revision to recent jobs numbers had been “RIGGED in order to make the Republicans, and ME, look bad”. In fact, it was the wanton dismissal that looked bad in the eyes of many observers. In the following seven days there was a 50% leap, relative to the week before, in the average value of the index of Economic Policy Uncertainty (EPU), which tracks the number of articles mentioning such uncertainty that are published daily in American newspapers. This was a discernible jump even when compared to the chaos caused by Mr Trump’s trade war in April 2025 and his real one in Iran in the past two months (see chart 2). Based on Mr Bloom’s earlier study with other colleagues of the EPU’s impact on business investment, industrial production and employment, the authors estimate that the jump reduced American GDP by over $100bn (0.3%) and non-farm payrolls by 168,000 (0.1%). Source: The Economist Immigration and thermostatic politics (Sarah O’Connor in the FT) A strange thing happened a year and a half ago. No sooner had Americans elected Donald Trump as president on an explicitly anti-immigration platform than US public opinion began to swing much more favourably towards immigration. … to political scientists who study “thermostatic” politics, this development is no surprise at all. Public opinion often moves against the prevailing party, especially if they are perceived to have gone “too far” in one direction. The phenomenon was first explored in the 1990s with reference to fiscal policy, but in recent years it has been particularly evident in the realm of immigration policy. While these swings in opinion polls can make it seem as if people don’t know their own minds, they can be a useful democratic check on governments by sending bright flashing warning lights when policies stray too far from the public’s comfort zone. The problem comes when politicians misinterpret those signals. When people tell pollsters they want less immigration, or think it is bad for the country overall (or the converse), they are often expressing an opinion about how things appear to be going in that moment relative to their preferences, rather than a deep shift in their underlying views. According to Alexander Kustov, a political scientist, most Americans’ views are quite stable and moderate: they support immigration that is controlled and in the national interest, and oppose flows that are disorderly or under-enforced. In the US, he argues the Trump administration over-interpreted dissatisfaction with high immigration under Joe Biden, and implemented policies that went too far for many voters. “People don’t necessarily change their idea about their ideal immigration policy, but they can react to what the government is currently doing,” he told me. “A lot of people are not happy with what the Trump administration are doing — right now we’re not talking about border enforcement, we’re talking about people not just getting harassed, but killed.” But similarly, he added, pro-immigration advocates would be making a mistake to interpret the recent, more favourable swing towards immigration as a deep-seated ideological shift in attitudes. The recent history of UK immigration policy offers another cautionary tale. After the 2016 Brexit referendum, public concern about immigration fell. This was partly because net migration statistics declined, but also because people felt a sense of catharsis and control, says Sunder Katwala, director of British Future, a think-tank. By 2019, the public ranked immigration as only the ninth biggest issue of concern, according to Ipsos polling. But when the Conservative government liberalised visa routes for students and care workers between 2019 and 2022, that helped net migration to surge. And so, too, did public concern. Today’s Labour government has implemented another sharply restrictive turn in immigration policy. As Kustov and researcher Caitlyn Yates argue, thermostatic public opinion should be a useful check on politicians. Instead it seems to have helped to magnify the pendulum swing in the UK. The government over-interprets and overreacts to a change in public opinion, which reacts in turn, prompting a sudden swing the other way. Source: Financial Times HEY READERS, THANK YOU for opening the Chartbook email. I hope it brightens your day. I enjoy putting out the newsletter, but tbh, what keeps this flow going is the generosity of those readers who clicked the subscription button. If you are persuaded to click, please consider the annual subscription of $50. It is both better value for you and a much better deal for me, as it involves only one credit card charge. Why feed the payments companies if we don’t have to. Subscribe Anna Airy, Shop for Machining 15-Inch Shells: Singer Manufacturing Company, Clydebank, Glasgow, 1918 Racing for a vaccine … we have been here before! The deadly Ebola outbreak in two African countries driven by a virus species with no vaccine has triggered an urgent search for a potential jab, in a test of troubled global efforts to avert threats posed by emerging diseases. A World Health Organization advisory group is due to would meet on Tuesday to recommend candidate jabs to prioritise for clinical trials, the global health body said. It will assess data including an analysis by the Coalition for Epidemic Preparedness Innovations (Cepi), which was set up after failures in the international response to a previous Ebola crisis. The latest Ebola outbreak in Democratic Republic of Congo and Uganda has infected hundreds of people and killed more than 80, health authorities say. Cepi’s reaction will be a crucial indicator of its progress towards its wider goal of producing vaccines for pandemic threats in just 100 days, despite steep cuts to international health funding. “If there was ever a time that we could show the world why Cepi is needed and show the world why the 100-day mission is needed, it’s now,” Nicole Lurie, the organisation’s executive director for preparedness and response, told the FT. “We’re happy to accept that responsibility, but obviously we need help from partners — particularly financial help in the long run.” DR Congo and Uganda would make the final decision on whether to press ahead with any vaccine candidates endorsed for clinical trials by the WHO experts, the global health body said. “Other ethical and community acceptability issues will be considered,” said the WHO, which declared the latest outbreak a public health emergency of international concern on Sunday. “This will be important to make sure that the trial, if it happens, will be adequately communicated to the population.” Lurie said Cepi had provided information from a survey of research teams and companies working on drugs that might be effective against the Bundibugyo virus behind the outbreak. The organisation hoped soon to announce partners in the quest for a jab, she added, although she declined to give a timescale for when one might be developed. Cepi’s Nicole Laurie said global health bodies were ‘getting some live-fire drills’ with hantavirus and the latest Ebola outbreak. The hunt for a vaccine should be helped by scientific advances including the use of artificial intelligence to find drugs active against viruses, Lurie said. Existing jabs against the Zaire Ebola virus responsible for many previous outbreaks might provide a basis for tackling the Bundibugyo species, she added. “We’ll see how far and how fast we can get,” Lurie said, adding that Cepi had done preliminary work recently on a possible jab for the rat-borne hantavirus responsible for a recent fatal outbreak on a cruise ship. “Both with hantavirus and now with Ebola, [we] are getting some live-fire drills.” Source: Michael Peel in the Financial Times Dad-chat is coming for dad-books. (By Pamela Paul and Jeffrey A. Trachtenberg in the WSJ) They were the go-to gifts for Father’s Day: a book about some little-known chapter of World War II, the sweeping narrative of a shipwreck, perhaps the latest presidential biography. These days, dad books are a dying breed. Nonfiction book sales have been in decline for the past four years, and are now the most challenged segment of the print book market. Publishers say certain types of books still fare well—including celebrity memoirs and religious titles. But in recent years, print sales in such categories as biography, current affairs and business and economics—what publishers refer to as “serious nonfiction” and which tend to resonate especially with men—have fallen considerably. Sales of nonfiction print titles were down nearly 8% through May 9 this year, and sales of books about politics and current affairs were down 19%, according to book tracker Circana BookScan. Publishing has long been subject to cyclical changes, with trends in format and genre taking over bookshelves in grand sweeps. (Remember the adult coloring-book craze? Or the stratospheric rise of romantasy?) But many in publishing believe the decline in serious nonfiction is more existential. “The trend couldn’t be clearer,” said Jonathan Karp, the former chief executive of Simon & Schuster and publisher of the new Simon Six imprint. “This is a sea change and people should wake up and realize we’re living in a new world.” One culprit for the shift: a new media diet for fans of more serious nonfiction. … Sixty-two percent of men and 54% of women consumed a podcast in the prior month, according to a recent survey by Edison Research at SSRS, up from 46% and 39%, respectively, in 2023. “When we have internal meetings to talk about this problem, it always comes around to podcasts,” said Jonathan Burnham, president and publisher of the Harper Group at HarperCollins Publishers. “The man who wants to read American history is now tuning into one of the many good podcasts about history that lends the quiet attention to a serious subject he’s looking for. It makes the idea of sitting down with a 700-page Ron Chernow book less appealing. You’ve scratched that itch.” Source: Wall Street Journal Remarkable report by Novara from the nationalist rally in London in mid May. Anna Airy, Leopard Moth and Plums, 1915 If you’ve scrolled this far, you know you want to click: Subscribe
India’s Goyal to visit Canada with 150 business leaders to boost trade ties
India's Trade Minister Piyush Goyal will visit Canada between May 25 and May 27, heading a delegation of about 150 Indian industry leaders as part of efforts to strengthen trade and investment ties between the two countries.
5 Takeaways From a Times Investigation on Autism Therapy Clinics
A rapidly growing industry often overprescribes treatment to young children with autism, who spend as many as 40 hours a week at the facilities.
Short Naps, Long Hours: How Autism Clinics Squeeze Medicaid Dollars Out of Preschoolers
The industry has grown rapidly, straining state budgets. A focus on finances has led to overbilling, fraud and even harm.
Another retail chain closing all stores after 33 years in business
Another familiar name on high streets is disappearing as mounting financial pressure and fierce competition continue to reshape the retail industry. The company spent years trying to survive a market that has become increasingly unforgiving. After multiple insolvency proceedings, shrinking sales, ...
Outdoor Sports Growth Bodes Well for Footwear Industry
Pickleball, climbing and soccer are among the top growth sports, paving the way for demand in sneakers, performance shoes and cleats.
Lessons from the Vogue Business Global Summit: Chantilly
This year’s European Global Summit was held at the beautiful Château du Chantilly just outside of Paris. The two-day event saw industry leaders discuss the future of luxury, AI, and new growth markets.
Crypto’s bare-knuckle politics come to climate
The crypto industry went from regulatory target to political kingmaker in one election cycle. Can clean energy and climate tech do the same?
Behind the scenes at the Vogue Business Global Summit: Chantilly
This year’s European Global Summit was held at the beautiful Château du Chantilly just outside of Paris. The two-day event saw industry leaders discuss the future of luxury, AI, and new growth markets.
The latest trendy health food? The wellness industry has chosen.
Edith Pritchett cartoon on wellness industry, food health trends.
EU’s Carbon Border Levy Is Growing Source of Tension for Ukraine
In the fourth year since Russia’s full-scale invasion of Ukraine’s industrial heartland, Kyiv faces another challenge—this time from a partner: the European Union’s carbon border adjustment mechanism.
Pressure from Silicon Valley helped block Trump’s expected order on AI
Industry leaders warned in last-minute calls to the president that the proposed safety vetting system could inhibit development of the pivotal technology.
Inaugural K-Entertainment Summit Shares K-Pop Business Strategies, Insights
Industry insiders from Universal Music, HYBE, Disney, AEG and more gathered at CJ ENM's first K-Entertainment Summit to discuss the Korean entertainment business.
Inaugural K-Entertainment Summit Shares K-Pop Business Strategies, Insights
Industry insiders from Universal Music, HYBE, Disney, AEG and more gathered at CJ ENM's first K-Entertainment Summit to discuss the Korean entertainment business.
Maserati Has No Business Outsourcing to China
As China becomes the auto industry’s main innovation center, global carmakers wanting the most advanced technology should be embracing its supply chains. But there is an exception: heritage brands. Doing so could dilute the very identity that makes them valuable.
Philadelphia sports industry insiders hope summer festivities will translate into new opportunities
Five panelists spoke at WHYY on Thursday, exploring the opportunities and challenges the city faces as America’s 250 celebrations include a packed sports schedule in Philly.
Korean Content Leaders Take Stock After a Decade of Growth and Look to Future: ‘Korean Entertainment is Everywhere’
The world of Korean entertainment has come a long way since “Gangnum Style” set dancers galloping around the world nearly 15 years ago. Korean content industry leaders on both sides of the Pacific gat...
Expanding environmental aspects of your business
When discussing the natural environment in today’s maritime industry, I find a great deal of contention and difference of opinion. Varying points of view and motivations shape how much or how li
Trump postpones signing AI order out of concern it would hurt industry
The push for government action to vet the most powerful AI systems follows growing concern within the banking industry and other institutions
Clemson Livestock Poultry Health Names Catherine Harris Deputy State Veterinarian
Harris said the unit’s unique organizational structure, which includes its adjacency to Cooperative Extension, the College of Agriculture, Forestry and Life Sciences, and the Harvey S. Peeler Jr. College of Veterinary Medicine, was a major draw and provides opportunity for collaborations that will benefit the state’s animal agriculture industry.
Netflix Co-Founder Reed Hastings Says Entertainment Will Be 'Least Affected' As AI Fears Rise — 'We Like Human Conflict'
Artificial intelligence may be coming for many industries, but Netflix (NASDAQ:NFLX) co-founder and Executive Chair Reed Hastings sees entertainment differently. The industry could be more resistant t...
MacBook Pro OLED Display Production Clears Key Hurdle
Apple's first OLED MacBook Pro models have cleared a major manufacturing hurdle, with panel supplier Samsung Display having reportedly achieved yields above 90 percent on its Gen 8.6 OLED production line. According to Korean publication The Elec, some individual process stages are now reaching yields as high as 95 percent, a level that the display industry considers "golden yield" territory for stable mass production.
A Look At Caesars Entertainment (CZR) Valuation As Trading Stays Choppy And Discount Signals Persist
Why Caesars Entertainment (CZR) is on investors’ radar Caesars Entertainment (CZR) has been drawing attention after recent trading left the stock with a market value of about US$5.6b and a last close of US$27.55, prompting closer scrutiny of its fundamentals. See our latest analysis for Caesars Entertainment. Recent trading has been choppy, with a 25.86% 90 day share price return and a 16.94% year to date share price return contrasting with a 1 year total shareholder return that is slightly...
Iran rebuilding military industrial base faster than expected, already producing drones, according to US intel
Iran has already restarted some of its drone production during the six-week ceasefire that began in early April, one sign it is rapidly rebuilding certain military capabilities degraded by US-Israeli strikes, according to two sources familiar with US intelligence assessments. Four sources told CNN that US intelligence indicates Iran’s military is reconstituting much faster than initially estimated.
Senate panel hears testimony on online sports betting, prediction markets
Senate lawmakers grilled sports betting industry officials during a hearing focused on recent cheating scandals, companies' marketing tactics and regulatory battles.
Opinion | A Teochew hit film shows what’s ailing Chinese entertainment
A new box-office surprise is a warning to the industry that visually stunning fare featuring ‘traffic stars’ is not good enough.
Winners of the 2026 Sports Business Awards
The winners of Sports Business Journal's 2026 Sports Business Awards in NYC feature some of the most important people, companies and teams in sports on the industry's biggest night.
Winners of the 2026 Sports Business Awards
The winners of Sports Business Journal's 2026 Sports Business Awards in NYC feature some of the most important people, companies and teams in sports on the industry's biggest night.
Bo French talks more about DEI than oil and gas. But he could soon regulate the industry in Texas.
The battle for the Republican nominee for the Texas Railroad Commission, the state’s oil and gas regulator, is underway. Incumbent Commissioner Jim Wright is running for a second second term against Bo French, former chair of the Tarrant County GOP.
Executives Want Boards to Focus More on Politics, AI Integration
Corporate executives highlighted a few asks of their boards in a new survey: focus more on the country’s political environment, incorporate AI, and link their pay to non-financial metrics.
Xbox hires game industry analyst Matthew Ball to lead strategy
The second major Xbox leadership changes this month.
Xbox expands leadership team with major hires
Xbox has added two big names to its leadership team: Matthew Ball and Scott Van Vliet. The new recruits are part of an on-going drive from Xbox CEO Asha Sharma to move faster, build better products, and make more focused business decisions. The Game Business can reveal that Ball is joining as Chief Strategy Officer. He is a popular industry analyst who is responsible for the annual The State of Video Gaming report, which is widely read across the business. His first job will be to strengthen the console side of Xbox, which is facing significant pressures, not least from the rising costs of memory and storage. In an interview with The Game Business earlier in the year, he admitted he was “pretty frightened” by the situation for the console sector. Ball had previously worked as head of strategy and planning for Amazon Studios, and wrote the 2022 international best-seller The Metaverse. He is currently CEO of Epyllion, a venture partner at investment group Makers Fund and senior advisor at KKR & Co. Meanwhile, Scott Van Vliet joins as Chief Technology Officer. He was previously in charge of Azure OpenAI and AI Core infrastructure at Microsoft, and he also led engineering for Microsoft Teams during the COVID 19 pandemic. But he has a games background. He previously worked across games for Amazon, including Alexa, Amazon Game Studios and the Amazon App Store. He directly worked on the Minecraft: Fire TV Edition. Prior to that, he was VP of Digital Play at Mattel, and worked across brands such as Batman, Barbie, Angry Birds, Fruit Ninja and Cut The Rope. His job will be to improve how Xbox builds products so teams can move faster and deliver stronger results. For more breaking stories, sign-up to The Game Business today Subscribe In addition to these new hires, Xbox has promoted Chris Schnakenberg to Corporate Vice President, Partnerships & Business Development. He was previously VP of partnerships and business development, and joined from Activision Blizzard, where he spent 12 years in various strategy, business development and partner relations role. His focus is on third-party games, publishers and developers working with Xbox. The news follows a number of new hires and promotions earlier in the month, including Jason Ronald taking leadership over Xbox’s upcoming Project Helix console. “These changes are about strengthening our foundation by creating more clarity and improving execution,” Sharma said in an email to staff. “As we head toward Showcase and beyond, we’ll continue making the changes needed to position XBOX for the future.” Matthew Ball is speaking with Christopher Dring at The Game Business Live on Monday, June 8. More details on the event can be found here.
Xbox expands leadership team with major hires
Xbox has added two big names to its leadership team: Matthew Ball and Scott Van Vliet. The new recruits are part of an on-going drive from Xbox CEO Asha Sharma to move faster, build better products, and make more focused business decisions. The Game Business can reveal that Ball is joining as Chief Strategy Officer. He is a popular industry analyst who is responsible for the annual The State of Video Gaming report, which is widely read across the business. His first job will be to strengthen the console side of Xbox, which is facing significant pressures, not least from the rising costs of memory and storage. In an interview with The Game Business earlier in the year, he admitted he was “pretty frightened” by the situation for the console sector. Ball had previously worked as head of strategy and planning for Amazon Studios, and wrote the 2022 international best-seller The Metaverse. He is currently CEO of Epyllion, a venture partner at investment group Makers Fund and senior advisor at KKR & Co. Meanwhile, Scott Van Vliet joins as Chief Technology Officer. He was previously in charge of Azure OpenAI and AI Core infrastructure at Microsoft, and he also led engineering for Microsoft Teams during the COVID 19 pandemic. But he has a games background. He previously worked across games for Amazon, including Alexa, Amazon Game Studios and the Amazon App Store. He directly worked on the Minecraft: Fire TV Edition. Prior to that, he was VP of Digital Play at Mattel, and worked across brands such as Batman, Barbie, Angry Birds, Fruit Ninja and Cut The Rope. His job will be to improve how Xbox builds products so teams can move faster and deliver stronger results. For more breaking stories, sign-up to The Game Business today Subscribe In addition to these new hires, Xbox has promoted Chris Schnakenberg to Corporate Vice President, Partnerships & Business Development. He was previously VP of partnerships and business development, and joined from Activision Blizzard, where he spent 12 years in various strategy, business development and partner relations role. His focus is on third-party games, publishers and developers working with Xbox. The news follows a number of new hires and promotions earlier in the month, including Jason Ronald taking leadership over Xbox’s upcoming Project Helix console. “These changes are about strengthening our foundation by creating more clarity and improving execution,” Sharma said in an email to staff. “As we head toward Showcase and beyond, we’ll continue making the changes needed to position XBOX for the future.” Matthew Ball is speaking with Christopher Dring at The Game Business Live on Monday, June 8. More details on the event can be found here.
Could the Museum of Science and Industry offer permanent free admission?
Chicago’s Museum of Science and Industry could return to being a free museum for everyone.
Cornell CAT convenes researchers, industry to accelerate life sciences innovation
At a daylong event designed to promote academic-industry collaboration, Cornell’s Center for Advanced Technology in Life Science Enterprise cast itself as both a funder of early-stage research and catalyst accelerating connections that move discoveries foward.
Barney Frank, liberal icon who regulated a ‘too big’ financial industry, dies at 86
Former Democratic Rep. Barney Frank, who represented Massachusetts in Congress for decades, has died. He was 86.
Industry Experts Testify on Rise of Sports Betting & Prediction Markets
A Senate Commerce subcommittee holds a hearing on the expansion of sports betting and prediction markets.
News industry scion James Murdoch buys New York magazine and Vox
Other Vox titles, including Eater, Popsugar, SB Nation, the Dodo, and the Verge, are not included in the transaction. They will make up a second, independent company under a new name.
Quantum Innovation Meets Future of Environmental Science
Researchers from across academia, government and industry gathered at Stony Brook University for the Quantum Information Science for the Geosciences Workshop.
Blockskye, FCM, and KAYAK for Business Announce Global-First Partnership to Simplify Enterprise Business Travel
Three industry leaders – Blockskye, FCM Travel, and KAYAK for Business – today announced a first-of-its-kind global partnership designed to eliminate the trade-offs enterprise buyers have long faced between user experience, data-and-payment friction, and global service reach.
Hollywood’s new political agenda: Save Hollywood
Long a force in presidential politics, the industry is entering the midterms with a more urgent and self-interested agenda.
EPA is sidelining its independent chemical referee – and that endangers public health
The move reshapes how future assessments of chemical dangers will be carried out, and if they’ll be ignored, delayed or understated to benefit industry.