SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " million " 7,455 found 🔀 AI-powered Shuffle
Mamdani takes aim at Amazon subcontracting model in multimillion-dollar delivery bill fight
Mayor Zohran Mamdani publicly threw his support Monday behind legislation that aims to reshape New York City’s last-mile delivery industry, escalating a fight
Quantum Computing Inc. Revenue Jumps as Acquisitions Expand Commercial Business
Quantum Computing Inc. reported $5.6 million in second-quarter revenue, largely driven by acquired businesses.
Tennessee athletics sets fundraising record
University secures more than $175 million in donations in fiscal year 2026, breaking 2025 mark of $169.5 million
'Every life is worth another chance': OKC breaks ground on $12 million mental health crisis center
Oklahoma City leaders broke ground on a new mental health crisis center funded through MAPS 4, designed to provide critical services and ease the strain on emergency rooms, jails and first responders.
Quinnen Williams, Cowboys agree to massive $105.9M extension, making star DT one of NFL's highest-paid
Williams' new three-year deal includes $101 million guaranteed and $63.35 million fully guaranteed at signing
Archer Aviation Just Bought a $200 Million Defense Business From Boeing -- by Giving Up 20% of the Company
Archer Aviation just made its boldest move yet, snapping up three Boeing businesses.
North Dakota receives $6 million federal grant to expand children's behavioral health services | Health and Human Services North Dakota
North Dakota Health and Human Services (HHS) has been awarded a new $6 million federal grant from the Substance Abuse and Mental Health Services Administration (SAMHSA) to expand community-based behavioral health services for children, youth and families in north central and southeastern North Dakota.
Violent crime falls in Scranton under Mayor Cognetti
The decrease comes after the Cognetti administration invested millions of dollars in the local police force.
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.
State finalizing agreements for about $39 million in Rural Health Transformation funding, Singh says
The West Virginia Department of Health is finalizing agreements to award approximately $39 million in federal funding.
Sanders Calls on A.I. Companies to Pause Development to ‘Avoid Disaster’
Senator Bernie Sanders warned that corporations have already lost control of technology that could cause “potentially cataclysmic results” for millions of people.
iRhythm to acquire rival cardiac monitoring company for $288M
iRhythm has agreed to acquire VitalConnect for approximately $237.5 million in cash and another $50 million in common stock.
GameStop Raises $325 Million In IPO As Barnes & Noble Bets Big On Video Games
The unit of Barnes & Noble is the single biggest game seller in the U.S.
Report: Samsung is increasing the Galaxy Z Fold8 production target for this year by 1 million units
The new wide format foldable has already proven to be more successful than even Samsung had hoped. The Samsung Galaxy Z Fold8 has proven to be more...
Gates Foundation gives $540 million to UW health institute, the largest gift in university history
The Gates Foundation is giving $540.2 million over 10 years to the University of Washington's Institute for Health Metrics and Evaluation, the largest charitable gift in UW history. The grant will expand the institute's Global Burden of Disease study and comes as global health funding falls sharply.
Lone Star Politics: Aug. 9, 2026
The Dallas City Council will vote on putting a $960 million public safety bond on the Nov. 3rd ballot. We spoke with the Dallas Police Chief about why Dallas needs the new Law Enforcement Training Center. Plus, an update on the Race for U.S. Senate.
Apple's Foldable iPhone Ultra Faces a Surging Samsung Galaxy Z Fold 8
Apple's foldable iPhone is expected to arrive in September against a rival already outrunning its own forecasts. ETNews reports Samsung is building an extra one million Galaxy Z Fold 8 units, after the 4:3 device took 70 percent of a record 1.44 million Galaxy Z8 series pre-orders. ETNews reports Samsung is building an extra one million Galaxy Z Fold 8 units, after the 4:3 device took 70 percent of a record 1.44 million Galaxy Z8 series pre-orders.
Maryland Department of Health Announces $80 Million in First Round of Rural Health Transformation Program Awards
Maryland Department of Health Announces $80 Million in First Round of Rural Health Transformation Program Awards
Samsung will reportedly make an extra one million Galaxy Z Fold 8 units
The Galaxy Z Fold 8 is an absolute smash hit, it seems, as Samsung will reportedly make an extra one...
Encompass Health announces launch of private offering of 5.875% senior notes due 2034
/PRNewswire/ -- Encompass Health Corp. (NYSE: EHC) today announced it has commenced a private offering of an additional $100 million in aggregate principal...
Gates Foundation to give historic $540 million to UW health institute
The Gates Foundation is donating over half a billion dollars to UW's Institute of Health Metrics and Evaluation, whose research informs policies around the world.
Florida Is Betting That NIL Isn't Everything in Recruiting
Rejecting flashy million-dollar bidding wars and luxury penthouses, the Florida Gators are targeting prospects who prioritize professional development and long-term stability over the immediate lure of massive payouts.
Trump’s foreign licensing business booms to $59.5 million as Gulf developers pay
Nearly two-thirds of Trump’s foreign licensing fees came from two Gulf developers, in the UAE and Qatar, including one pursuing a $20 billion U.S. expansion.
USF College of Marine Science receives $1.5 million to improve coastal hazard forecasting research
The funding is part of a spending package enacted back in February, aiming to support seven different projects on all three USF campuses.
First Trust Advisors LP Takes $1.41 Million Position in Six Flags Entertainment Corporation $FUN
First Trust Advisors LP bought a new stake in Six Flags Entertainment Corporation (NYSE:FUN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 79,538 shares of the company's stock, valued at approximately $1,412,000. Fi
AB Science announces today the successful completion of capital increases of a total gross amount of EUR 14.2 million
PRESS RELEASE AB SCIENCE ANNOUNCES THE SUCCESSFUL COMPLETION OF A EUR 14.2 MILLION PRIVATE PLACEMENT, PRIMARILY SUSBCRIBED BY LONG TERM INVESTOR AB...
China Box Office: 'Spider-Man: Brand New Day' Retains Crown
Sony's 'Spider-Man: Brand New Day' held onto the top spot at the mainland China box office during the Aug. 7–9 weekend, pulling in $28.9 million.
Bo Bichette leads revived Mets offense with five-hit effort
Bichette, who owns a mediocre .685 OPS — certainly not what the Mets envisioned when signing him to a three-year contract worth $126 million — has waited much of the season for a day like Sunday.
MidCap Business Credit Completes $8MM Asset-Based Credit Facility for Hardwood Manufacturer
MidCap Business Credit completed an $8 million asset-based credit facility for a manufacturer of premium custom plank hardwood flooring located in central
COLL Q2 Deep Dive: ADHD Expansion and Pain Business Headwinds Shape Guidance
Pharmaceutical company Collegium Pharmaceutical (NASDAQ:COLL) fell short of the market’s revenue expectations in Q2 CY2026, but sales rose 6.3% year on year to $199.9 million. The company’s full-year revenue guidance of $840 million at the midpoint came in 3.4% below analysts’ estimates. Its non-GAAP profit of $1.92 per share was 8.8% above analysts’ consensus estimates.
Box of rare Nintendo games found in Waukesha could be worth millions
A box of old Nintendo games discovered in Waukesha could be worth millions of dollars.
Best Trade Partners Named for Kings Veteran Lavine
Trapped by a massive $49 million salary, Sacramento searches for a viable exit. Discover which rebuilding franchises could finally absorb the veteran guard to spark a youth movement.
Treasury Wine announces $395 million charge tied to US supply chain revamp
Australia's Treasury Wine Estates said on Monday it expects to take an additional A$558.4 million ($394.5 million) post-tax charge in 2026 related to the write-down of U.S.-based assets and brands.
49ers pressured to trade for $64 million clutch player
The San Francisco 49ers could land an impressive talent.
How hospital monopolies are driving up the cost of your health care
More than a million times a year, a U.S. surgeon slices open a knee, strips out worn cartilage, caps the leg bones with metal and drops in a plastic spacer to allow the new joint to glide. But while these knee-replacement procedures have become standard, the prices charged have not.Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post. At Catawba Valley Medical Center in Hickory, North Carolina, for example, the cost of the procedure under
California nearly achieved universal healthcare. Now, millions are losing coverage
Facing budget shortfalls and new federal restrictions, state leaders have begun rolling back the coverage system they built.
A Man Sold His Business For $1.4 Million. Then His Brother-In-Law Wanted To Invest It 'For Free'
A man in Arizona sold the auto repair shop he spent 27 years building for $1.4 million after receiving an offer from a larger regional chain. Within a week of the sale closing, his wife’s brother, who actively trades individual...
Suburban business owner gets 15 months on prison for failing to pay taxes
A business owner from the Northwest suburbs was sentenced last week to 15 months in federal prison on charges he failed to pay the government more than $1 million in payroll taxes. George Dilles, 55, ...
'Spider-Man: Brand New Day' keeps record pace, ‘The Odyssey’ sets new high for Nolan
“Spider-Man: Brand New Day” continued its blistering pace in theaters, collecting $144.5 million domestically over its second weekend, according to studio estimates Sunday. And Christopher...
The Watch: Microplastics Linked To Fatty Liver Disease
Plastic used in food packaging is most common type found in liver…workers exposed to pesticides at higher risk for Lou Gehrig’s disease…last year’s measles outbreak cost $5.4 million to contain…and more
Man, 41, Inherits $2 Million From Parents — His Wife Wants To Put Half Into Her Sister's Struggling Business
A 41-year-old man in Georgia inherited $2 million after both of his parents passed away within a year of each other. The inheritance came from a combination of investment accounts, life insurance proceeds and the sale of the family home....
Rare Nintendo cartridges found in storage could be worth millions
A box of Nintendo games could be worth millions. It had nearly 100 copies of a previously unknown version of Super Mario Bros. and Duck Hunt.
Problem in America? Sports betting, marijuana use soars
In 2025, Americans spent $166 billion betting on sports, and 21.4 million people used marijuana on a near-daily basis.
Problem in America? Sports betting, marijuana use soars
In 2025, Americans spent $166 billion betting on sports, and 21.4 million people used marijuana on a near-daily basis.
Texas Water Development Board approves $7 million in groundwater science, research, and data collection grants
Texas Water Development Board approves $7 million in groundwater science, research, and data collection grants.
Basketball Hall of Famer Dick Vitale Issues Health Update After 5th Cancer Diagnosis
Beloved ESPN college basketball analyst and Naismith Memorial Basketball Hall of Famer Dick Vitale had personal news that was bound to affect millions of basketball fans over the globe. The 87-year-old announced in April, earlier this year, that he was diagnosed with cancer for the fifth time… Fortunately, Vitale, affectionately known as Dickie V, is on his way to becoming cancer-free for the fifth time.
Blazers' Moda Center Battle Has Become a PR War
Local influencers and hundred-million-dollar ultimatums take center stage as the franchise deploys new tactics to secure massive public funding for a high-stakes arena renovation project.
$120 Million Interdisciplinary Science Building Breaks Ground at Montclair State University in Montclair, New Jersey
Work is underway on Montclair State University's Interdisciplinary Science Building from HoK Architects in Montclair, New Jersey.
How the Middle East became an issue in East Bay House race
AIPAC and affiliated groups have spent $4 million to defeat California State Sen. Aisha Wahab in the campaign to succeed Rep. Eric Swalwell.
Delaware opens Fall EDGE Grant Competition
Delaware's fall EDGE Grant Competition opens Aug. 11. According to the Division of Small Business, $1.15 million in funding is available for eligible startups and small businesses.
Can Science Applications International (SAIC) Justify Its Valuation After New Defense Contract Wins?
Science Applications International (SAIC) recently announced a $400 million recompete contract with a U.S. Intelligence Agency, along with a $70 million U.S. Navy radar task order. These deals underscore fresh contract momentum in government and defense work. See our latest analysis for Science Applications International. These fresh contract wins come as Science Applications International shares trade at US$126.54, with a 90-day share price return of 36.58% and a 5-year total shareholder...
In 2018, scientists found just 39 surviving clams in Florida’s Indian River Lagoon; they bred them and have since outplanted 65 million
After decades of environmental decline, Florida's Indian River Lagoon is beginning to show signs of recovery. With funding from NOAA Fisheries' Office of Habitat Conservation, the Indian River Lagoon Council is leading a system-wide effort to restore the habitats that once sustained the lagoon's fish and wildlife.
Millions Of Galaxy Phones Are Weeks Away From Free Samsung Upgrade
Samsung's One UI 9 is spreading to millions more Galaxy phones. The Galaxy Z Fold 7, Z Flip 7, S26 and S25 are all next in line. Here's the full timeline.
Dallas' Perot Museum of Nature and Science to add $90 million expansion
The Perot Museum says a privately funded $90 million project will add more parking, a covered walkway and more event space. See the timeline.
New Science Maps Asia’s Shark And Ray Hotspots And Exposes Major Conservation Gaps
Scientists mapped 122 Important Shark and Ray Areas across Asia covering ~1 million km², revealing that while these habitats support 121 species (many threatened), over 94% of them still fall outside marine protected areas.
Southwoods Health completes expansion project at The Surgical Hospital
Southwoods Health has completed a multimillion-dollar, 40,000-square-foot expansion project at The Surgical Hospital.
Fintech That Soared on Trump Sells Core Business for $12 Million
A virtually unknown fintech that catapulted into the headlines and cracked a $1 billion market value after signing a deal with the Trump family’s crypto platform last year has sold its core business for about $12 million.
Scientists Used AI To Produce A Bacteria-Killing Virus, “A Little Bowel Movement” 540 Million Years Ago Sparked An Evolutionary Explosion, And Much More This Week
All the biggest science news stories of the week.
Missouri's sports betting tax revenue decreased in June despite FIFA World Cup in Kansas City
The total amount wagered in June was $258.3 million, a 0.8% increase from May. Almost all sports bets were made on mobile betting sites, accounting for 99.5% of all money wagered.
NFL Exec Thinks Bills Could Explore Blockbuster $27 Million Trade
The Buffalo Bills put together a strong all-around NFL offseason. Heading into the 2026 NFL season, they are once again viewed as a team who could make a run all the way to the Super Bowl. Over the last few years, Josh Allen and company have had those same expectations. However, they have come up […] The post NFL Exec Thinks Bills Could Explore Blockbuster $27 Million Trade appeared first on HEAVY.
New site recommended for Caddo Parish sports complex
A new area is under consideration for a proposed $70 million Caddo Parish sports complex, following a presentation Thursday to the Caddo Parish Economic Development Committee.
Arkansas State University System trustees approve $18 million for Newport health science center
The Arkansas State University System Board of Trustees on Friday unanimously approved an $18 million budget for the construction of a new health science center at its Newport campus.
Mark Cruz to lead Indian Health Service amid staffing and infrastructure challenges
Senior Health and Human Services advisor Mark Cruz will now lead the U.S. agency that provides healthcare to some 2.8 million Native Americans.
US Senate confirms Mark Cruz to lead Indian Health Service
Senior Health and Human Services advisor Mark Cruz will now lead the U.S. agency that provides healthcare to some 2.8 million Native Americans.
Alaska officials award less than 2% of rural healthcare funding, postponing decision on remainder
The state Department of Health awarded $4.5 million out of $272 million in federal funds available.
Judge orders Meta to pay hundreds of millions over kids’ mental health
Meta says it will appeal the order by a New Mexico judge that said the social media giant has to pay close to one billion dollars to address how its apps have contributed to harm to children. NBC News’ Brian Cheung reports.
Inside the Zay Flowers deal
Earlier this week, the Ravens and receiver Zay Flowers agreed to terms on a new deal that, by way of new money, put him in the Justin Jefferson tax bracket at $35 million annually.
'Spider-Man: Brand New Day' Opens to $355M, Second-Biggest Domestic Weekend
It was $2.1 million shy of the all-time record belonging to 'Endgame.'
In the decade since rate cuts began, NH business tax revenues grew by an inflation-adjusted $3 billion - THE JOSIAH BARTLETT CENTER FOR PUBLIC POLICY
In 2015, the year New Hampshire legislators began a series of business tax cuts, revenues from the state’s two primary business taxes were a combined $561.7 million. In the decade since, business tax revenues grew by more than $3 billion. From 2016-2025, the state collected $3.02 billion in new business tax revenue above the 2015 […]
Seattle’s Old Rainier Brewery is for sale for $29 million
A piece of Seattle history is on the market, and it could be yours for $29 million.
Meta Ordered to Pay $567M in Youth Mental Health Lawsuit
Technology giant Meta will pay $567 million into a remediation fund after a New Mexico judge ruled the company behind social media platforms Facebook and Instagram misled consumers about the safety of its products and endangered children. Judge Bryan Biedscheid said Thursday that Meta’s platforms ...
Blackstone's AGS Health files updated draft papers for $500 million India IPO
Blackstone-owned AGS Health on Friday filed updated draft papers for a 48-billion-rupee ($504 million) initial public offering in India, nearly two months after securing the markets regulator's approval for a listing.
Appeals court rules White House ballroom needs congressional approval
The court ordered the Trump administration to halt construction of its $400 million ballroom
Appeals court rules White House ballroom needs congressional approval
The court ordered the Trump administration to halt construction of its $400 million ballroom
Appeals court rules White House ballroom needs congressional approval
The court ordered the Trump administration to halt construction of its $400 million ballroom
Browns DBs Coach Praises Denzel Ward's Character Following Record Extension
Add Denzel Ward's position coach to the list of people who are ecstatic to see the Cleveland Browns' superstar cornerback locked in for the next two years. Browns DBs coach Brandon Lynch opened up about Ward's recently signed two-year extension that made him the highest-paid cornerback by annual average value. Ward signed a two-year extension worth $62.2 million, a $31.1 million AAV.
Downtown New Orleans taxes itself an extra $10 million a year. Here's where the money goes.
Check in with the chief of the Downtown Development District after one year on the job.
Clearwater advances talks on $180 million sports complex
The council’s 3-0 vote on the proposal from Sunshine Recreational and Entertainment LLC is not a final approval for the project.
Business Restructuring Review Vol. 25 No. 4 July-August 2026
In This Issue New York Bankruptcy Court: Premature Allegations of Creditor Mistreatment Insufficient to Deny Chapter 15 Recognition of Foreign Restructuring Proceeding In In re ARD Finance, S.A., No. 25-12794 (MG), 2026 WL 817458 (Bankr. S.D.N.Y. Mar. 25, 2026), the U.S. Bankruptcy Court for the Southern District of New York was presented with a petition seeking chapter 15 recognition of Luxembourg's recently enacted bankruptcy law governing judicial reorganization proceedings. The court granted the petition, turning aside challenges to recognition voiced by a creditor group arguing that recognition should be denied based upon allegations of unfairness to creditors in the Luxembourg proceeding that would make recognition manifestly contrary to U.S. public policy. According to the bankruptcy court, recognition was warranted because: (i) the rules and procedures governing the proceeding under Luxembourg law were fundamentally fair; (ii) the petition otherwise satisfied chapter 15's recognition requirements; and (iii) the creditor group's allegations were premature, given the fact that the Luxembourg court presiding over the debtor's restructuring proceeding had not confirmed a restructuring plan, and all creditors had the right to participate fully and voice their objections in the proceeding (including the right to appeal an order approving a plan). [read more …] Florida Bankruptcy Court Examines Scope of Discovery in Chapter 15 Cases In In re Banco Master, S.A., No. 25-24568-SMG, 2026 WL 931729 (Bankr. S.D. Fla. Apr. 6, 2026), the U.S. Bankruptcy Court for the Southern District of Florida granted in part and denied in part post-recognition motions filed by an insider of a foreign debtor seeking to bar or limit discovery sought by the debtor's foreign representative concerning allegedly voidable transfers involving the debtors' U.S. real property. According to the court: (i) although chapter 15 includes its own discovery provisions among the relief that may be granted to a foreign representative, the expansive discovery available in cases under other chapters of the Bankruptcy Code is also available in chapter 15 cases; (ii) the discovery sought by the foreign representative was permissible; (iii) discovery regarding matters that were the subject of a pending adversary proceeding had to be undertaken under the more restrictive rules applicable to such proceedings; and (iv) a discovery request would be barred to the extent that it sought production of documents or testimony from a subpoenaed entity that exceeded the geographic limitations specified in such rules. [read more …] Delaware District Court Affirms Chapter 15 Recognition Order Enforcing Nonconsensual Third-Party Releases In U.S. Int'l Dev. Fin. Corp. v. Credito Real S.A.B. de C.V. SOFOM, E.N.R. (In re Credito Real S.A.B. de C.V. SOFOM, E.N.R.), 677 B.R. 192 (D. Del. 2026), appeal filed, No. 26-2356 (3d Cir. June 5, 2026), the U.S. District Court for the District of Delaware affirmed a bankruptcy court order granting chapter 15 recognition to a Mexican "concurso mercantile" proceeding and enforcing nonconsensual third-party releases approved by the Mexican court. Agreeing with the bankruptcy court that the releases were not manifestly contrary to U.S. public policy, the district court concluded: "It is well settled that U.S. bankruptcy courts can give effect to foreign orders in recognized foreign proceedings pursuant to the authority granted in Chapter 15, even when those orders contain relief unavailable under U.S. law. [The appellant's] arguments misconstrue the Supreme Court's narrow holding in Purdue, applicable in Chapter 11 cases, as well as the statutory framework of Chapter 15 and its core policy objectives. Accordingly, I will affirm the Enforcement Order." The ruling has been appealed to the U.S. Court of Appeals for the Third Circuit. [read more …] Fifth Circuit: Bankruptcy Court, Not State Court, Had Jurisdiction to Allow or Disallow Administrative Expense Claim In Storey Minerals Ltd. v. EP Energy E&P Co., LP (Matter of EP Energy E&P Co., LP), 169 F.4th 609 (5th Cir. 2026), the U.S. Court of Appeals for the Fifth Circuit affirmed lower courts' rulings disallowing a creditor's administrative expense claim. It also rejected the creditor's argument that, because the claims were predicated on state law, a state court should adjudicate the merits of the state law causes of action before the bankruptcy court could allow or disallow the claim as an administrative expense. According to the Fifth Circuit, even though the causes of action were based on state law, the bankruptcy court had jurisdiction to determine whether the creditor's claims should be conferred with administrative expense priority in the debtors' chapter 11 case. [read more …] New York Bankruptcy Court: Dismissal of Involuntary Chapter 11 Case Filed Prior to Commencement of Foreign Restructuring Proceeding Unwarranted In In re Xinyuan Real Estate Co. Ltd., No. 25-10745 (PB), 2026 WL 592250 (Bankr. S.D.N.Y. Mar. 3. 2026), the U.S. Bankruptcy Court for the Southern District of New York considered the bona fides of an involuntary chapter 11 petition filed by certain holders of U.S. dollar-denominated notes against a holding company for a group of Chinese property development companies that filed a restructuring proceeding in the Cayman Islands after the noteholders filed the involuntary chapter 11 petition. The court denied the debtor's motion to dismiss the chapter 11 case. Given the timing of the filing of the Cayman Islands restructuring proceeding, the absence of any progress in the proceeding for seven months, the debtor's need to restructure notes governed by U.S. law, and the debtor's lack of any meaningful contacts to the Cayman Islands, dismissal of the chapter 11 case was unwarranted under the applicable provision of the Bankruptcy Code, international comity, or the doctrine of forum non conveniens. [read more …] Bankruptcy Court Evaluates Trustee's Authority to Sell Avoidance Actions and Right of Target Defendants to Object In In re Law Enf't Officers Sec. Union, No. 24-70277-JAD, 2026 WL 560452 (Bankr. W.D. Pa. Feb. 27, 2026), a chapter 7 trustee sought court approval to sell certain avoidance actions to a creditor of the debtor's estate. Potential targets of the subject avoidance actions objected, arguing that such claims were nontransferable powers of the trustee rather than saleable estate property and urging the court to approve their competing settlement with the trustee. The U.S. Bankruptcy Court for the Western District of Pennsylvania disagreed with the potential defendants, holding that they lacked standing to object to the proposed sale, that avoidance actions are indeed estate property, and that the sale—rather than the settlement—best served the estate's interests. [read more …] U.S. Supreme Court Bankruptcy Roundup in Brief In Keathley v. Buddy Ayers Construction Inc., No. 25-6, 2026 WL 1686028 (U.S. June 11, 2026), the U.S. Supreme Court overturned a Fifth Circuit decision judicially estopping a chapter 13 debtor from asserting a personal injury claim against a construction company because the debtor failed to disclose the claim during his bankruptcy case. In so ruling, the Court held that "[t]he Fifth Circuit erred by artificially narrowing its inquiry to whether the debtor had knowledge of the underlying facts or a potential motive to conceal the claim." It represents the first time that the Court has applied judicial estoppel in the bankruptcy context, although it has suggested in other contexts that it may be inappropriate where an inconsistent legal position resulted from "inadvertence or mistake." Also in June, the Court denied petitions for certiorari in a few notable bankruptcy cases. [read more …] Newsworthy Heather Lennox (Cleveland/New York) (Star Individual), Bruce Bennett (Los Angeles) (Senior Statesperson), Kevyn D. Orr (Washington) (Eminent Practitioner), Gregory M. Gordon (Dallas) (Band 1), Carl E. Black (Cleveland), Corinne Ball (New York) (Senior Statesperson), Brad B. Erens (Chicago), Jeffrey B. Ellman (Atlanta), T. Daniel Reynolds (Cleveland), and Dan T. Moss (Washington/New York) were recognized as leading lawyers in the practice area Bankruptcy/Restructuring in the 2026 edition of Chambers USA: The World's Leading Lawyers for Business. The 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers ranked the following lawyers: Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington). Fabienne Beuzit (Paris) and Jasper Berkenbosch (Amsterdam) were among the "Leading Individuals" ranked in the 2026 edition of The Legal 500 EMEA guide in the field of Restructuring and Insolvency or Insolvency. Rodolphe Carrière (Paris) was named a "Next Generation Partner" in the practice area Insolvency. Sid Pepels (Amsterdam) was selected by Global Restructuring Review's 40 under 40 2026. He was identified as a Rising Star within the global cross-border restructuring community. Global Restructuring Review is a leading digital subscription service, news outlet, and information platform dedicated exclusively to cross-border insolvency and corporate restructuring law. Fabienne Beuzit (Paris), Rodolphe Carrière (Paris), and Isabelle Maury (Paris) were recognized in the 2027 edition of The Best Lawyers in France™ in the practice area Insolvency and Reorganization Law. An article written by Corinne Ball (New York) titled "Comity and Fairness are Critical to Granting Additional Assistance under Chapter 15: A Canadian Reverse Vesting Order and Related Releases in Proceedings Involving Canadian and U.S.-Affiliated Companies Are Approved" was published in the June 24, 2026, edition of the New York Law Journal. An article written by Caitlin K. Cahow (Detroit) titled "New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions" was published on June 8, 2026, in Lexis Practical Guidance. An article written by Trisha L. Mowbray (Real Estate; Chicago) and Ryan Sims (Washington) titled "Chapter 11 Plan that Abridged Non-Debtor Lessee's Rights to Remain in Possession After Rejection Unconfirmable as Having Been Proposed in Bad Faith" was published on June 16, 2026, in the Harvard Law School Bankruptcy Roundtable. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), Isel M. Perez (Miami), and David S. Torborg (Washington) titled "Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief" was published on June 10, 2026, in Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) and Nathaniel Parr (Atlanta) titled "Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions" was published on June 11, 2026, in Lexis Practical Guidance. An article written by Corinne Ball (New York) titled "LMEs, Sophisticated Investors and Equitable Mootness: The Fifth and Third Circuits Warn Against Testing the Limits of Chapter 11" was published in the June 2026 issue of the American Bankruptcy Institute Journal. Nicholas J. Morin (New York) was quoted in an article titled "Serta Ruling Offers Damages Road Map in Lender-on-Lender Disputes," published by Bloomberg Law on July 7, 2026. The article discussed U.S. Bankruptcy Judge Christopher Lopez's July 7, 2026, ruling that participating lenders in Serta Simmons Bedding's 2020 non-pro rata uptier exchange breached the credit agreement's ratable-sharing provision, and awarding excluded lenders more than $261 million in damages. The opinion resolves six years of litigation related to Serta's 2020 transaction, where it raised $200 million in new financing and exchanged $1.2 billion of term loans for $875 million in superpriority debt. Judge Lopez found that the debt-for-debt exchange constituted a "payment" under the credit agreement, requiring proportional sharing among lenders, and dismissed various defenses raised by the participating lenders. The case is Serta Simmons Bedding LLC v. AG Centre Street Partnership (In re Serta Simmons Bedding LLC), 2026 WL 1968535 (Bankr. S.D. Tex. Jul. 7, 2026). The New York Law Journal has recognized Andrew M. Butler (New York) as a 2026 "Rising Star" in Restructuring/Bankruptcy as part of the New York Legal Awards. The Rising Star category recognizes New York's most promising lawyers age 40 and under who have distinguished themselves through exceptional legal work, leadership, and contributions to the profession. Lawyer Spotlight: Daniel J. Merrett Dan Merrett, a partner in the Atlanta Office, has spent nearly 20 years representing all manner of stakeholders in complex corporate restructurings and chapter 11 reorganizations. His practice extends to related transactions and disputes involving acquisitions; divestitures; credit facilities; securities; environmental obligations; and vendor, employee, and governance matters. Dan has substantial experience managing mass tort liabilities, including the restructurings and related chapter 11 cases of affiliates of Georgia Pacific and Johnson & Johnson, implemented to resolve asbestos and talc liabilities. He also represents key parties in energy and infrastructure matters, including facility owners, EPC contractors, and joint-venture parties. Dan was a key player in the restructuring teams in the historic bankruptcies of the City of Detroit and Chrysler. His other significant representations in chapter 11 cases include AFA Foods, Alpha Natural Resources, Dana Corporation, M&G Chemicals, McDermott International, Monster/CareerBuilder, Transtar Industries, and Westinghouse. He is licensed in both the United States and England & Wales and recognized in restructuring by Chambers USA and Best Lawyers.
Dr. Abdul El-Sayed on Historic Michigan Win: “People Are Sick and Tired of This Politics of Hatred”
We speak with Dr. Abdul El-Sayed after his victory in Michigan’s primary race for U.S. Senate sent shockwaves through the Democratic Party. El-Sayed, a former public health official, ran a progressive campaign focused on affordability, Medicare for All, getting money out of politics, and opposing Israel’s genocide in Gaza. He defeated Congressmember Haley Stevens, who was backed by tens of millions in outside spending including by AIPAC, the powerful pro-Israel lobby group. “In an era where many of us can’t afford basic things like groceries or rent or healthcare, the idea that your government is sending your tax dollars to buy bombs and tanks for foreign governments seems anathema,” El-Sayed says. “That money could be spent to fix your potholes, rebuild your kid’s school.” El-Sayed says his focus now is on beating Republican nominee Mike Rogers, whom he calls a “bootlicker for Trumpism,” and to present a positive vision for his party that can lead into the next Democratic presidential administration.
The Sports Report: A look at USC’s new football training center
A look at one of college football’s finest facilities, a $225-million capital project at USC that includes a new baseball stadium and a women’s soccer and lacrosse field.
Meta Ordered To Pay $567M To Address Kids’ Mental Health Online
The new penalty is in addition to the $375 million in civil penalties that jurors ordered in March against Meta, the parent company of Facebook and Instagram.
Trump’s Pick for Attorney General Just Made Terrifying Promises About Abortion
Todd Blanche wants to take fundamental rights away from millions of women.
New Mexico court orders Meta to pay $567M, overhaul teen protections on Facebook and Instagram
A New Mexico court ordered Meta to pay $567 million and implement sweeping new protections for teens using Facebook and Instagram.
Wilson Sonsini Advises Cylinder Health on $105 Million Acquisition by Hinge Health
On August 4, 2026, Hinge Health, a digital healthcare company, announced that it has signed a definitive agreement to acquire Cylinder Health, a leader in virtual-first digestive healthcare, for $105…
'Banks Make It Hard'—Wall Street's 36 Million Small Business Problem
Novo co-founder Michael Rangel on why big banks priced out 36 million US small businesses, and why his own fintech still cannot bank crypto companies.
Kawhi Leonard had multimillion deal with Clippers scoreboard-maker
The latest news surrounding the Los Angeles Clippers and Kawhi Leonard features additional evidence that the organization may have circumvented the salary cap via secret endorsement deals. While the Clippers...
Court orders Meta to pay $567 million to address kids' mental health and safety on its platforms
A New Mexico court ordered Meta to pay $567 million for mental health harm to kids from its platforms
Court orders Meta to pay $567 million to address kids' mental health and safety on its platforms
A New Mexico court ordered Meta to pay $567 million for mental health harm to kids from its platforms
Court orders Meta to pay $567M to address kids' mental health online
A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms
Court orders Meta to pay $567 million to address kids' mental health, safety on its platforms
A New Mexico court ordered Meta to pay $567 million for mental health harm to kids from its platforms.
Trump-backed incumbent loses primary after super PAC bankrolled by Dems meddled in race
A super PAC bankrolled by a California billionaire and frequent Democratic donor spent $2 million to unseat Andy Ogles over renewable energy policy.
$250M downtown Louisville sports entertainment district one step closer to reality
A major $250 million investment in downtown Louisville is one step closer to reality.
$250M downtown Louisville sports entertainment district one step closer to reality
A major $250 million investment in downtown Louisville is one step closer to reality.
Powerball jackpot soars to $856 million, next drawing Saturday night
Over a million tickets were sold as hopeful players tried their luck, but no one scored in Wednesday’s Powerball jackpot, sending the prize soaring to an estimated $856 million.
Robotics company raises $6M to help fund new vascular imaging platform
Vexev, an Australian medtech company, wants to improve patient access to high-quality vascular imaging. The company has now raised a total of $19 million.
I got fired after announcing my pregnancy. I started my own company.
Kelly Ehlers says losing her executive job while pregnant led her to build a social media agency that now generates millions in annual revenue.
Billionaire Trump Pal Ron Lauder Spent More Than $70 Million On Politics—Now He’s Apparently Bowing Out
The billionaire has reportedly abruptly ended his longtime political giving.
The Business Training Fortune 500 Employees to Stay Safe at Work Makes Millions of Dollars for Its Unlikely Creator: ‘Sort of Magic’
COVE is on a mission to help people see — and reduce injuries on the job.