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Why strong health systems are essential to global growth
Breakthrough health innovations can only deliver on their promise when people can reach them. Read about why investing in health is crucial.
Business Restructuring Review Vol. 25 No. 3 May-June 2026
In This Issue Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief In In re Siu-Fung Ceramics Holdings Limited, No. 24-33299, 2026 WL 382424 (Bankr. S.D. Tex. Feb. 10, 2026), the court denied petitions for chapter 15 recognition of Hong Kong bankruptcy and liquidation proceedings commenced on behalf of an individual debtor and a group of companies that he owned or controlled. According to the court: (i) the corporate debtors' Hong Kong liquidation proceeding was not eligible for chapter 15 recognition because the attorney retainer upon which such relief was based was not funded until nine months after the chapter 15 petition date; and (ii) the individual debtor's Hong Kong bankruptcy case could not be recognized because the debtor's "center of main interests" on the chapter 15 petition date was not in Hong Kong, and he did not even maintain an "establishment" there. [read more …] Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions In In re Container Store Group, Inc., 676 B.R. 356 (S.D. Tex. 2026), appeal filed, No. 26-20166 (5th Cir. Apr. 14, 2026), cross appeal filed, No. 26-20166 (5th Cir. Apr. 24, 2026), the U.S. District Court for the Southern District of Texas addressed consensual third-party releases and gatekeeping provisions in the aftermath of the U.S. Supreme Court's ruling in Harrington v. Purdue Pharma L.P., 603 U.S. 204 (2024). Consistent with existing Fifth Circuit precedent, the court confirmed that, in appropriate circumstances, consent for third-party releases may be obtained through a creditor's failure to opt out of granting that consent. But, the court ruled, consent through an opt-out mechanism essentially can never be inferred for creditor classes that stand to receive no recovery under a chapter 11 plan and that are deemed to reject the plan by operation of applicable bankruptcy law. Instead, those classes must affirmatively opt in to any release. The court also narrowed and remanded the bankruptcy court's acceptance of a broad gatekeeping provision, ruling that such provisions must correspond to the restrictions established by Fifth Circuit precedent. [read more …] Delaware Bankruptcy Court: Initial Transferee Need Not Be Defendant in Fraudulent Transfer Avoidance and Recovery Litigation The Bankruptcy Code gives a bankruptcy trustee the power to avoid asset transfers that are either made with the intent to defraud creditors or that are "constructively" fraudulent because an insolvent debtor did not receive adequate value in exchange. The Bankruptcy Code also permits recovery of an avoided transfer from not only the initial recipient, but also from subsequent transferees. Courts disagree over whether a transfer must actually be avoided before the trustee can seek recovery from a subsequent transferee and whether the initial transferee must also be a defendant in the recovery litigation against a subsequent transferee. The U.S. Bankruptcy Court for the District of Delaware weighed in on this debate in Phillips v. SS Associates LLC (In re ONH AFC CS Investors, LLC), No. 23-10931 (CTG), 2026 WL 312892 (Bankr. D. Del. Feb. 4, 2026). The court adopted the majority view, ruling that the initial transferee need not be a defendant in avoidance and recovery litigation against a subsequent transferee, but that the trustee must establish the elements necessary to avoid the initial transfer as part of the recovery litigation. [read more …] New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions In order to assume and assign an executory contract or unexpired lease, a bankruptcy trustee must cure most defaults under the agreement and provide "adequate assurance" of the assignee's future performance. However, the Bankruptcy Code provides no guidance as to the meaning of "adequate assurance" other than with respect to shopping center leases. In In re Broadway Realty I Co. LLC, No. 25-11050, 2026 WL 147505 (Bankr. S.D.N.Y. Jan. 19, 2026), the U.S. Bankruptcy Court for the Southern District of New York examined this issue in connection with a proposed assignment of thousands of residential leases as part of a free-and-clear sale of debtors' properties. The court held that "adequate assurance" does not mean a guarantee of the assignee's future performance, but merely demonstration that the assignee has the ability to satisfy the underlying obligations. The bankruptcy court also ruled that an exculpation provision in the debtors' chapter 11 plan exonerating non-estate fiduciaries from liability for actions taken in connection with the chapter 11 case was unobjectionable, provided it was limited in scope to postpetition conduct and actions taken in connection with implementation of the plan after its effective date. [read more …] Newsworthy 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) were included in the 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers. The Daily Business Review selected Isel M. Perez (Miami) as an "On the Rise" winner for the Florida Legal Awards. The Florida Legal Awards annually recognize those who have made significant contributions to the legal industry in Florida. Dan T. Moss (Washington/New York) was inducted as a Fellow in the 37th Class of the American College of Bankruptcy at its Annual Meeting in March 2026 in San Antonio, Texas. Christine Borries (Munich) was ranked in the practice area Restructuring/Insolvency in the 2026 edition of Chambers Germany. The 2027 edition of The Best Lawyers in Singapore™ recognized Sushma Jobanputra (Singapore) in the practice area Insolvency & Reorganization. The restructuring transaction involving Eissmann Automotive North America, Inc. received the "2025 Turnaround of the Year (Large Company)" at the Turnaround Management Association (Detroit) Annual Awards Reception. T. Daniel Reynolds (Cleveland) and Nick Buchta (Cleveland) represented subsidiaries of Eissmann Group Automotive in connection with the parent company's German insolvency proceedings. Roger Dobson (Sydney) is among 40 Jones Day lawyers recognized by The Best Lawyers in Australia 2027 for his contributions in Banking and Finance Law; Distressed Investing & Debt Trading; Insolvency and Reorganization Law; Litigation. An article written by Corinne Ball (New York) titled "Ard Finance—A Global Enterprise Combining an LME With a Foreign Insolvency Proceeding and Chapter 15" was published in the April 21, 2026, edition of the New York Law Journal. An article written by Alex Sapp (New York) titled "Recent Developments in Section 510—Subordination" was published in the 2025 edition of the Norton Annual Survey on Bankruptcy Law. An article written by Brad B. Erens (Chicago) titled "New York Bankruptcy Court Approves Insider DIP Litigation Financing" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Corinne Ball (New York), Dan T. Moss (Washington/New York), David S. Torborg (Washington), and Isel M. Perez (Miami) titled "New York District Court Affirms Narrow Scope of 'Public Policy Exception' in Chapter 15 Cases" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Jeffrey B. Ellman (Atlanta) titled "Statutory Cap on Lease Rejection Damage Claims in Bankruptcy Applies to Solvent Debtors" was published on April 6, 2026, by 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 April 6, 2026, by Lexis Practical Guidance. Lawyer Spotlight: Ben Rosenblum Ben Rosenblum, a partner in the New York Office, represents debtors, creditors, and other parties in out-of-court restructurings and court-supervised proceedings, including chapter 11 cases, municipal bankruptcies, international insolvency matters, and stockbroker liquidations. His experience spans industries such as manufacturing, shipping, mining, aviation, energy, real estate, and telecommunications. Ben's notable debtor representations include Peabody Energy, the City of Detroit, Chrysler LLC, Spansion Japan, and Dana Corporation. Significant creditor representations include General Maritime Corporation, Calpine Corporation, American Home Mortgage, and Murray Energy. He currently represents creditors in Puerto Rico's restructuring. He also has extensive experience advising financial institutions on bankruptcy law as applied to derivatives.
Packers’ rookie a rising star during minicamp practices
The Packers spent this offseason revamping the defense. From selecting Dani Dennis-Sutton in the fourth round to bolster the pass rush, getting more experienced at linebacker, by trading for veteran Zaire Franklin, to investing Green Bay’s first pick of the draft, in the second round, in cornerback Brandon Cisse, the Packers’ defense will look much [...]
Fuel price shock to widen product gap between US airlines
The fuel shock hitting U.S. airlines is doing more than squeezing margins — it is widening a product gap that may take years to close, as stronger carriers keep investing in lounges, premium seating, technology and international networks that weaker rivals may struggle to match.
The first-ever reverse-aging treatment has been injected into a human
Cellular reprogramming is the hottest topic in longevity science, with tech titans like Sam Altman investing in it. It's now being tested in humans.
Lucky Strike Entertainment stock rises on executive promotion
Lucky Strike Entertainment stock rises on executive promotion
Six Flags Great Adventure's summer additions show the park is investing beyond rides
Six Flags Great Adventure's new summer lineup has A Great Day Parade, Boardwalk Nights, DC Heroes & Villains Fest, and more.
Is Universal Health Services, Inc. (UHS) A Good Stock To Buy Now?
Is UHS a good stock to buy? We came across a bullish thesis on Universal Health Services, Inc. on r/ValueInvesting by Dynaheir-be. In this article, we will summarize the bulls’ thesis on UHS. Universal Health Services, Inc.’s share was trading at $150.12 as of May 28th. UHS’s trailing and forward P/E were 6.44 and 6.56 respectively according […]
WHO urges targeted action to strengthen emergency workforce capacities for shared health risks across the Asia-Pacific region
Kuala Lumpur, Malaysia, 11 June 2026 – At a time when the world is more interconnected than ever, the World Health Organization (WHO) is disseminating a comprehensive regional analysis of shared health risks across Asia and the Pacific, urging Member States to invest in enhancing workforce capacities regionwide to mitigate these risks and ensure health systems are better prepared to anticipate, tackle and withstand a range of crises and shocks. Over 100 delegates from 49 countries and areas in the Asia-Pacific region reviewed results from the regional risk analysis during the WHO-led Asia Pacific Health Security Action Framework (APSHAF) Stakeholders Meeting in Malaysia. Synthesizing insights from 21 strategic risk assessments and more than 800 multisectoral experts, the regional analysis highlighted an urgent imperative: countries must proactively invest in emergency workforce preparedness to navigate a landscape where climate hazards, disease outbreaks and geophysical events increasingly overlap. These complex converging crises create devastating, compounding impacts on health systems and communities - reiterating the need for investing in a fit-for-purpose regional health workforce and multisectoral action. Key findings: an evolving risk landscape More than half of the participating countries ranked flooding, cyclones, dengue and pandemic-potential respiratory pathogens as being of high or very high risk, while antimicrobial resistance, landslides and gastroenteritis remain widespread concerns as well. “Given that 51% - over half - of these assessed hazards are deeply interconnected, isolated health interventions are no longer sufficient,” said Dr Saia Ma’u Piukala, WHO Regional Director for the Western Pacific. “Extreme weather events like cyclones and floods directly trigger subsequent disease outbreaks, while environmental degradation - driven by sea-level rise, coastal erosion and saltwater intrusion - fuels health risks across the Pacific. Mitigating these cascading risks requires unified, cross-sectoral action linking environmental, agricultural and public health policies to build true regional resilience.” Priority recommendations for action To address critical vulnerabilities, WHO calls on Member States in the Asia-Pacific region to urgently prioritize the following strategic actions: Bridge workforce capacity gaps. Embed and standardize emergency preparedness within academia to promote regional workforce interoperability. Foster multisectoral coordination. Address ad-hoc taskforce responses and fragmented surge support through formalized contingency plans and standard operating procedures that are frequently updated and tested. Secure sustainable financing for emergencies. Overcome systemic barriers to access dedicated funding for both immediate anticipatory actions and long-term emergency preparedness initiatives. Enable emergency-ready primary health care. Embed emergency management into public health workforce readiness planning. Ensure that emergency planning is inclusive. Establish clear pathways for inclusive emergency planning that actively involves communities most at risk and other vulnerable groups. Optimize communication. Update risk communication and community engagement strategies, aligning them with seasonal risk calendars. Elevating workforce readiness to meet regional health risks While the gaps identified are significant, the Asia-Pacific region possesses solid foundational pillars, including dedicated clinicians, laboratory staff, rapid response teams, emergency medical teams and extensive community networks. However, to adequately address the compounding nature of modern crises, the various components of the emergency workforce must collaborate cohesively. True resilience depends entirely on transforming this currently fragmented workforce into a highly trained, interconnected and rapidly deployable asset. To achieve this, WHO is actively advancing regional workforce capacities through the Global Health Emergency Corps initiative. This initiative - supported by the Gates Foundation and Institute of Philanthropy - seeks to build a seamless network of emergency workforce across borders and sectors, ensuring that when a crisis strikes, a standardized, well-coordinated and trained workforce is immediately ready to respond. “Scaling up emergency workforce readiness is no longer optional,” said Dr Gina Samaan, Regional Emergency Director for WHO in the Western Pacific. “It is the definitive factor that will determine how effectively the Asia-Pacific region safeguards health and protects lives in an increasingly unpredictable future.” For more information, or to arrange media interviews, contact: Ara Johannes, WHO Western Pacific Health Emergencies Division: johannesa@who.int WHO Western Pacific Communications: wprocom@who.int
Gil M Soffer
Scope of work: A former federal prosecutor, Soffer became chairman of Katten in 2024, leading 1,500 attorneys and professionals. Previously, he was Chicago managing partner and co-chaired the firm’s litigation practice.Significant case: He serves as a five-year independent monitor in a global opioid settlement and was previously a DOJ/SEC-appointed corporate compliance monitor in a major Foreign Corrupt Practices Act case.Other contributions: Soffer is on the U.S. District Court for the Northern District of Illinois' Racial Justice Diversity Committee, is WLS-TV/Channel 7's chief legal analyst and headed the Chicago Bar Foundation Investing in Justice Campaign that raised $1.4 million for pro bono services.
The Chiefs defense is adjusting to the times
Kansas City has followed the trend of the league by investing resources along the interior of the defensive line.
Family Entertainment Thrives As Legoland Invests In Growth
Legoland has invested in more than a new Galacticoaster. They are investing in the guest experience in an attempt to drive growth.
Baron SMID Cap ETF Sold Flutter Entertainment plc (FLUT) in Q1
Baron Capital, an investment management company, released its first quarter 2026 investor letter for its “Baron SMID Cap EFT”. This is the first full quarter of results for Baron SMID Cap ETF® (BCSM). A copy of the letter can be downloaded here. Baron SMID Cap ETF® focuses on investing in small, fast-growing businesses that demonstrate significant […]
Investing in health will spur D-FW economy, healthcare leaders say
At a Wednesday Dallas Regional Chamber Summit, healthcare leaders discussed pathways to closing a stark gap in health outcomes across Dallas, which they say would also boost the economy.
MDOC says inmate with business degree can't read books on investing
The MDOC expressed concerns Michael Thomas wanted to run a business from prison, but Thomas says he has no money to invest and only wants to learn.
National Healthcare Properties Provides Business Updates
Growing SHOP Acquisition PipelineAddition to the Russell 2000 and 3000 IndexesPresentation at Nareit’s REITweek 2026 Investor Conference NEW YORK, June 01, 2026 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHP) (the “Company”), a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States, today
A bachelor’s in rare earths? In China, there are schools for that
China's dominance of rare earth refining is built on its sprawling research and teaching ecosystem. The West is now investing heavily in hopes of breaking that monopoly.
Ministry of Public Health, WHO Thailand and the Embassy of the People’s Republic of China in the Kingdom of Thailand launch initiative to strengthen Thailand’s public health workforce
28 May 2026 | Embassy of the People’s Republic of China in ThailandA skilled and coordinated public health workforce is essential for protecting population health and responding to public health emergencies. Strengthening these capacities was the focus of a meeting held on 28 May 2026 at the Embassy of the People’s Republic of China in Thailand.Dr Ailan Li, WHO Representative to Thailand, together with Dr Watcharanan Tinnaitorn, Deputy Director of the Division of Public Health Emergency Management, Ministry of Public Health, and officials from WHO and the Ministry of Public Health, met with Counselor Zhang Xiaoxiao from the Economic & Commercial Counsellor's Office, Embassy of the People’s Republic of China in the Kingdom of Thailand to mark the launch of collaboration under the WHO Roadmap to strengthen the public health workforce.The initiative supports Thailand in strengthening its public health workforce across both health and non-health sectors. Public health emergencies require coordinated action across a wide range of professions and institutions, including health workers, border control officers, water safety specialists, communication professionals and local government authorities. Through the project, partners will work together to assess workforce capacities, strengthen competencies and promote coordination across sectors to support preparedness and response efforts.The discussion highlighted opportunities to enhance cross-country collaboration through knowledge exchange, communication activities and engagement at key project milestones, supporting workforce development and emergency preparedness efforts.Beyond its immediate objectives, the initiative also reflects Thailand’s contributions to public health at regional and global levels. The exchange highlighted the importance of sharing experiences, lessons learned and good practices through international cooperation to strengthen public health capacity and preparedness.WHO expressed appreciation to the Embassy of the People’s Republic of China in Thailand for supporting the project and recognizing the importance of investing in public health workforce development, preparedness and health security through partnership and multilateral cooperation. WHO also commended Thailand’s continued leadership and commitment to strengthening public health systems and emergency preparedness, including through cross-sector collaboration and workforce development.WHO remains committed to supporting Thailand and partners in advancing resilient and people-centred public health systems and strengthening preparedness for future health challengesAbout the EPHF Roadmap ProjectThailand is one of four countries selected in 2026 to initiate implementation of the Essential Public Health Functions (EPHF) Roadmap, alongside Maldives, Papua New Guinea and Timor-Leste. The initiative is funded by the China International Development Cooperation Agency (CIDCA). The project is led by Thailand’s Ministry of Public Health, with WHO Thailand serving as a co-implementing partner. Other partners include the Chinese Center for Disease Control and Prevention (China CDC), the International Association of National Public Health Institutes (IANPHI), the Global Network for Academic Public Health/Public Health Interprofessional Leadership Alliance (GNAPH/PHILA) and the World Federation of Public Health Associations (WFPHA).
A big birthday: local Navasota business celebrating 80 years and three generations serving the area
A big birthday: local Navasota business celebrating 80 years and three generations serving and investing in our community
More than profit: Baltimore entrepreneurs blend business with community service
Black entrepreneurs in Baltimore are using their businesses as vehicles for community impact, offering resources that extend far beyond their products and services. From literacy initiatives and youth programs to mutual aid and criminal justice advocacy, local business owners are investing directly in the people and neighborhoods around them.
Caesars Entertainment to be bought by Fertitta Entertainment for $17.6 billion
Caesars Entertainment to be bought by Fertitta Entertainment for $17.6 billion
Michigan’s smartest economic investment? Babies.
Michigan's Rx Kids program gives cash to new moms, proving that investing in babies strengthens the local economy.
Sanford Health shows how it trains tomorrow’s care team
At an event in Fargo, leaders from Sanford and the community gathered to talk about investing in the future of the healthcare workforce.
Walmart launches hardware overhaul, new kids brand in private-label push
Walmart is investing in private brands with a hardware refresh featuring Greenworks Pro and Hyper Tough, plus a new Mainstays Kids home brand launch.
Politics and Investing Don’t Mix: Why Your Political Affiliation Could Be Hurting Your Returns
n a contest between intellect and political identity, the latter all too often wins out, a new study finds.
Flutter Entertainment’s SWOT analysis: stock faces near-term headwinds
Flutter Entertainment’s SWOT analysis: stock faces near-term headwinds
Lightspeed VC firm hires creator-investor with 350K followers
In a first for the firm, Claire Zau will help shape Lightspeed's media strategy alongside seed investing.
How states can incentivize local investing to find new capital for businesses and housing
Geographic and corporate concentration in banking and retail is limiting entrepreneurship in many U.S. communities. Existing place-based policies help, but often fail to deliver scalable, tailored investment solutions broadly across rural and urban areas.
Exclusive-British theatre group ATG Entertainment readied for sale, sources say
Exclusive-British theatre group ATG Entertainment readied for sale, sources say
Advancing Gender Equality in Science for Sustainable Development in
UNESCO launches “Investing in Women in Science” report in Africa, revealing strong GDP gains from gender parity and calling for urgent reforms in STI investment.
New business investing $56 million in Fenton to make plant-based milk
An international food manufacturer is building a new plant in Fenton to make a component of plant-based milk through a new process.
Most Business Transformations Fail. Here's What Leaders Can Do Differently
/PRNewswire/ -- Companies are investing trillions of dollars in transformation initiatives, yet change efforts continue to fail routinely. The financial costs...
Starz Entertainment shareholders approve board nominees and annual say-on-pay vote
Starz Entertainment shareholders approve board nominees and annual say-on-pay vote
Now What? With Carbon Pricing Eroded and Pipeline Politics Advancing, Here Are the Pathways for Climate Success
At the end of a whirlwind week of news on carbon pricing and electricity strategy, capping a madcap year of pretty much non-stop, dramatic change, the word across much of Canada’s climate and energy transition community is that climate policy in this country has been shredded. Eviscerated. Hit with a sledgehammer by policy rollbacks that have pushed the country’s 2050 net zero target “well out of reach”. That means it’s never been more important to look for the rays of hope and glimmers of possibility. To glimpse the seeds of the next set of strategies to get Canada’s climate pollution under control and the country into the accelerating global dash away from fossil fuels. And then, once we’ve spotted those possibilities, get on with the hard, day-to-day slog of trying to make them a reality. Nothing takes away from the frustration and the deep disappointment so many climate and energy hawks are expressing, the sense of betrayal by the author of Value(s) and the former UN special envoy for climate action and finance. But we knew two things as the week drew to a close. We’re looking at the world as it most definitely is. And we don’t get to give up finding the pathways to confront climate change and deliver faster, deeper carbon cuts that leave no one else behind. So really, the first question we all have to ask ourselves is: What’s next? Subscribe All the Oxygen in the Room The outpouring of anger and grief over the carbon pricing deal between Prime Minister Mark Carney and Alberta Premier Danielle Smith has been absolutely understandable. So much of the climate community poured years, more than a decade, into dragging the current federal pricing regime across the finish line, then defending it from a deluge of three-syllable rhymes after the Trudeau government proved utterly incapable of delivering its own message. The policy foisted on us by neo-classical economists took up all the oxygen in the room, burned through years of climate response time that we won’t get back, while cornering climate hawks into the position that the best response to the crisis of our lifetimes is a new tax…in an era of historic anti-tax sentiment. I mean, really—what could possibly have gone wrong? Against that history, let’s appreciate columnist Max Fawcett’s point that even a modest carbon pricing agreement with a government as off-the-wall libertarian/conspiracist as Danielle Smith’s—those adjectives are mine, not Max’s—is a win worth savouring (as long as Smith keeps her promises for a change). But part of living in the world as it is (no, I’m not letting that go) is to be clear-headed about what we can and can’t control. And one thing we get to decide, after seeing this week’s carbon price festivities take up all the oxygen yet again, is whether we want to keep letting that happen. Particularly when success down that road depends on a factor that no one with a climate agenda can control or influence—a provincial carbon pricing mechanism that has been manipulated and eroded beyond its lowest possible denominator. Thankfully, that’s not the way it has to go. Not when we have so many other powerful, practical tools at our disposal, including the ones still available to us through this abominable Memorandum of Understanding (MOU) between Canada and Alberta. Tools In Our Toolbox When I started roughing out this list, I didn’t expect it to grow to nearly a dozen bullet points. It’s probably still incomplete. Some of the greatest hits in today’s climate solutions toolbox include: • No Carbon Capture, No Pipeline: On Friday, Prime Minister Mark Carney explicitly stated that there’s been no change to the MOU provision that there will be no West Coast pipeline without an industry commitment to build its massive, $16.5-billion carbon capture and storage (CCUS) hub in Northern Alberta, and vice versa. The two megaprojects were joined at the hip when the MOU was signed Nov. 27, and the implementation agreement this week affirmed that they still are. A parade of independent analysts have spent years pointing to the economic and technical flaws in CCUS, while the industry kept postponing its investment decision until it could arm-twist the government for more “clarity” (by which it meant even more lavish taxpayer subsidies) on the project. Now the industry itself is running away from the CCUS hub and insisting the pipeline should proceed without it, but Carney doesn’t seem to be budging from a central tenet of the MOU to which Smith has signed on. • No Subsidies, No Investors: Climate analysts and advocates have quite rightly been hammering away at Carney and his team, insisting that any new capacity the industry wants to build must proceed without new subsidies. The government has responded with a growing collection of funding and financing mechanisms for the very wide menu of industrial development and nation-building projects they say they want to take on, and that menu always includes fossil fuel infrastructure. But it’s hard to see how even the combined fiscal clout of the federal and supportive provincial governments will deliver the financial backing private investors would need when the business case for new fossil fuel development is evaporating before their eyes. Particularly when… • No Market, No Demand, No Investors: As our friend Markham Hislop at Energi Media (our apparently sleepless friend, given the massive volume of great material he’s been churning out) points out this morning, the biggest vulnerability in any pipeline deal is the assumption that Asian buyers will want the oil or liquefied natural ga that our fossil industry is so keen to send them. Hislop writes in part: Ottawa and Alberta are effectively betting that countries like China and India will continue increasing oil imports for decades as their economies grow and energy consumption rises. That assumption underpins the entire economic rationale for expanding oil sands production and building billions of dollars in new export infrastructure. But Asian energy systems are changing rapidly… China, India, South Korea, and other major hydrocarbon importers are now investing hundreds of billions of dollars into electricity systems built around wind, solar, batteries, nuclear, hydro, and expanded transmission infrastructure. Domestic “energy sovereignty” is increasingly replacing the old energy-security model based on stable oil and gas imports. Those investments are expected to sharply slow oil demand growth and eventually reverse it, even as overall energy consumption continues rising. There are also refining constraints. Many Asian refineries and petrochemical complexes are already optimized to process discounted heavy crude from the Middle East and Latin America. That raises serious questions about how much additional Canadian bitumen Asian markets can absorb at profitable prices. Small wonder that there’s still no private sector investor for the project, despite Smith’s government desperately beating the bushes to put together a deal. For now, Alberta is acting as proponent and covering early start-up costs for a pitch to the federal Major Projects Office, which could actually turn into the next tough hurdle for Smith and her pipeline to jump. • Canada Day Looms: How ironic that Canada’s birthday this year could become a major chokepoint for the provincial premier who’s been working so diligently to tear the country apart! The July 1 target date for Alberta’s pipeline proposal is baked into the MOU, was reaffirmed by the implementation plan, but it hadn’t dawned on me that it cuts both ways. As one very smart colleague wrote in an email yesterday, “they’ve thrown the ball into Alberta’s court to get the project proposal on the table really quickly and to have to do a whole pile of work to put together a massive, complicated project that would typically take years to assemble, and they’ve given them weeks to do it.” That makes July 1 a looming deadline that Smith won’t be able to run away from politically, especially with the separatists in her party and her caucus breathing down her neck. (See previous ref to off-the-wall.) But if Alberta comes in with a sloppy, incomplete submission, even after Carney bent over backwards to simplify the application process and the rules that govern it, it may be harder for the province or the industry to blame Ottawa and insist on the faster process they claim their investors are demanding. (Oh, wait—which investors would those be??) • We’ll See You In Court (Then We’ll See You Again): If Carney did cave, that would be just one more reason for Indigenous and other affected communities to take the government and the process to court—Just as Alberta First Nations did, successfully, in response to Smith’s half-baked separation referendum. Veterans of the Harper era have been warning that a shoddy process around fossil fuel infrastructure or other major projects will be a recipe for the very delays that process seeks to avoid. And now more than ever, with renewable energy and energy storage eating fossil fuels’ lunch in import markets around the world, a delayed pipeline or LNG terminal may be as good as a cancelled one. • Charged Up, Ready to Go: With its goal of doubling Canada’s electricity supply to meet a doubling of demand by 2050, the national electricity strategy that Carney unveiled Thursday has a lot to like. With its explicit language about speeding the shift from fuels to more efficient and affordable electricity, global investment and deployment patterns that already favour that shift, an emerging bidirectional power grid, the role of front-line options like rooftop solar and heat pumps, the emergence of electric vehicles as behind-the-meter energy storage, and the domestic jobs and manufacturing to make it all happen, the document doubles down on the essential cornerstone of a faster shift off fossil fuels. The strategy envisions a more prominent role for gas and nuclear power. But some of those provisions were already in the Clean Electricity Regulations that climate hawks are now fighting so hard to defend, inserted as a compromise in a futile attempt to mollify the industry and its political representatives in Alberta and Saskatchewan. But once again, gas will be a tougher sell when it’s more expensive and now so much more unpredictable than the clean alternatives. The new nuclear technologies are still speculative and deeply vulnerable to cost overruns. Increasingly, utilities, developers, and investors know it. Carney declared Thursday that “it doesn’t do us good to be sitting in court all the time with provinces. It doesn’t do us good to be talking past each other. What does do us good is to come together with specific projects.” There are no guarantees, but so much of the language and narrative-building in the electricity strategy suggests the lion’s share of those projects will be renewable. • The Party Has Already Started: The electricity strategy only rarely digs down to specific projects, but provinces representing three-quarters of Canada’s population are already embracing a faster transition. Hydro-Québec is working on a 10-year, $185-billion renewable energy and grid buildout by 2035. Ontario recently brought 10 provinces and territories together in a National Energy Corridor Agreement to boost interprovincial and -territorial transmission infrastructure. And the MOU implementation agreement commits Alberta to facilitate investment in renewable energy projects, a big step back from its continuing, punitive restrictions on renewables development. The electricity strategy envisions much of the financing and infrastructure that will be needed to pull those advances together into an integrated whole. • Delivering on Affordability: The MOU implementation plan has little or nothing to say about affordability (are you surprised?), but the electricity strategy does, with a top-line pledge to reduce home energy costs for seven out of 10 Canadian households by 2050, a total saving of $15 billion across the board. It’s just a start, but it puts affordability on the government’s narrative map. If they’re serious and deliberate about patching together a least-cost energy strategy, it’ll have little if any room for oil, gas, or nuclear—not with powerful evidence, for example, that electricity prices are higher when those prices are set by gas. • Smith Proves that Canada Works: By signing a deal that makes it harder to claim the federal government is blocking a new pipeline, Smith has helped prove Carney’s constant anti-separatist refrain that “Canada works”—incurring the rage, no doubt, of her own political base. Canada also needs to work for anyone who depends on a clean environment, healthy and thriving ecosystems, and safe, stable climate. But with Smith and her separatist constituents setting up as a fifth column for annexation by Donald Trump’s United States, let’s set aside any notion that 51st state status for Canada is a recipe for anything other than climate disaster (and so much else). Resisting and withstanding Trump (just 170 more sleeps until mid-term elections, which is a damn sight better than the 730 we started with) doesn’t mean a free pass for a pipeline, but we can still appreciate it that keeping Canada whole and sovereign is still Carney’s Job One. • The Words Not Spoken: Apart from a commitment to export a million barrels of “low-emission” Alberta bitumen per day (memo to Smith and Carney: You realize that that’s less than the industry is already exporting??), the MOU implementation plan says nothing about the international trade and economic sovereignty deals that Carney has been travelling the world to negotiate. It didn’t have to. Carney doesn’t need permission from Danielle Smith, her American enablers, or her separatist allies to continue building the alliances that will ratchet down our economic dependency on our unstable, unreliable neighbour to the south. But every connection he builds with countries outside North America helps align our economy and our future with a faster shift off fossil fuels. Little if any of this was on our bingo cards a year or two ago. But it’s the pathway that has opened up to us. And if it gives Canada any climate or energy gains at all in an era still dominated by Trump and his increasingly ridiculous tariffs, his loutish trade negotiations and his continuing annexation threats, we have to take the wins. Not least because they’ll be the point of departure for what we can achieve in 2027, 2029, and beyond, as Trump’s grip and this era begin to loosen and then fade. What is Carney Doing? If this line of thought is right—and it’s a possibility, not a prediction—it means that Carney’s actions and decisions are largely about buying time. Time for Trump’s power to wane. Time for Alberta’s separatist/conspiracist virus to spread, mutate, die out, or at least die back, with help from a vaccine of federal steadiness and calm (appropriate enough, for a movement populated largely by vaccine deniers) that no conspiracy theory can dismiss. And time for the government’s trade and investment agenda to deliver results—even knowing that some of those results will bring impacts that front-line communities will not and should not accept. In the immediate moment, none of this changes the way the wider climate community has to respond, from campaigners to investors to front-line practitioners. All of our voices are still essential. But those voices will be stronger and more confident if we have a clearer sense of the brutal game we’ve been pulled into, and a plausible path (or two it three) for playing it to the win we need. This conversation also underscores our biggest task for the remaining years of what was supposed to be the “decisive” decade for climate response: if we can shift the energy narrative in Canada, make it a mainstream view that the country’s preoccupation with oil and gas has us falling farther behind a changing world, we’ll see far better results in the 2030s and beyond. For many veteran climate advocates, taking on that part of the fight will begin with recognizing that most of our friends and family, neighbours and colleagues already understand that climate change is real and right in front of us: they’re looking away and staying silent because they don’t have what climate communicator Katharine Hayhoe calls “efficacy”. As Hayhoe recently pointed out in a feature interview with The Energy Mix, it amounts to science denial to keep hammering away at the dire news about global warming without also helping audiences understand what they can do about it, with multiple studies telling us why that won’t work. Far better to open those conversations with the dominant crises like energy security, food security, emergency preparedness and business continuity, affordability, and financial security that have knocked climate change far lower on the list of public priorities, and will likely keep it there. We Knew This Would Happen Climate hawks have always known this day would come. For decades, we warned that everyone had to pay attention to climate change right now, because it would be much tougher to respond once the crisis itself started affecting our daily lives. We were right, and here we are. But now, thanks to decades of hard work, communities and countries have an alternative to doubling down on fossil fuels. “In 10 years everyone will have ‘always known’ that solar and batteries were going to win,” Morgan Solar Executive Chair Mike Andrade writes on LinkedIn. With the disruption in the Strait of Hormuz roiling energy priorities around the world, Canada and the United States are among the shrinking number of countries that are still very keen on fossil fuel development. Understanding that gap is a first, essential step in spotting the opportunities ahead, and averting the deep economic as well as environmental and social risk we face if we don’t seize them. Thanks for reading The Energy Mix Weekender! Subscribe for free to receive new posts and support our work. Subscribe Mitchell Beer traces his background in renewable energy and energy efficiency back to 1977, in climate change to 1997. Now he and the rest of the Energy Mix team scan 1,200 news headlines a week to pull together The Energy Mix and The Energy Mix Weekender. Chart of the Week BYD Eyes 20 Dealership Locations After Canada Greenlights Chinese EV Imports ‘Sledgehammer’ Carbon Price Deal Boosts Emissions by 230Mt, Aims for Fall 2027 Pipeline Approval ‘Worse Than Harper’: Regulatory Rollback Would Stop Canada from Assessing Project Impacts, Critics Warn Electricity Strategy Aims for Doubling by 2050, Allows ‘Flexibility’ for Gas Power Plants Opposition Mounts as O’Leary’s Data Centre Approved in Drought-Stricken Utah Diluted Carbon Price Misses ‘Reality of the World We’re In’, Could Impede Diversified Trade: Climate Institute $200B in Clean Energy Investment Will Need On-Time Delivery, Reliable Policies, Trade Association Says ‘Sovereign Pipeline’: CEO Pitches to Keep Trans Mountain in Government Hands What a Supercharged El Niño Could Mean for Canada Canada’s future is electric, and here’s how a power grid superhighway would get us there (Toronto Star) The Perilous Waters of Hecate Strait (Globe and Mail) Saudi Aramco profits jump despite conflict in Middle East (The Guardian) Farmers confront rising cost of fertilizer and fuel as spring seeding under way (Canadian Broadcasting Corporation) Clarkson forecasts 24% decline in offshore oil, gas capital expenditures (Oil & Gas Journal) Pipe Dreams: How Oil and Gas Fail to Deliver Economic Development in Africa (Oil Change International) Developing countries must hold the pen to script the fossil fuel transition (Climate Home News) Iran war threatens the dream of a post-oil economy in the Gulf (Washington Post) U.S. Oil, Gas Work Force Hits Lowest Level Since 2022 (Rigzone) Why Polestar Is Doubling Down on Net Zero as Rivals Pull Back on EVs (Bloomberg) Why this Michigan utility plans to sell its hydro dams for $13 (E&E News/Politico) Levees can no longer save New Orleans (Vox)
I dropped out of Wharton to start a padel club
Abigail McCulloch left Wharton to launch a padel club, investing most of her savings into the fast-growing business.
AI reshapes seed investing: Business Insider's 2026 Seed 100
In this live Q&A catch interviews with two prominent early-stage investors from BI's Seed 100 list, and learn the trends reshaping the VC landscape.
Tilman Fertitta nears Caesars Entertainment deal with $5B financing
Tilman Fertitta nears Caesars Entertainment deal with $5B financing
This Week in Jacksonville: Business Edition - City leaders push for practical money skills in schools
Florida now requires a stand-alone personal financial literacy course for high school graduation - but guests on This Week in Jacksonville: Business Edition say the real question is whether it changes behavior. Host Kent Justice talks with Dr. Ronetta Wards of the Jacksonville Public Education Fund (JPEF) and Howard Dale of the Rotary Club of Jacksonville about what “financial literacy” should actually mean for 17- and 18-year-olds: credit, debt, taxes, budgeting, savings, investing, and even emerging currency like crypto.
Howard Community College Featured in 'State of Business' Address
In his Business Outlook Luncheon remarks at Turf Valley Resort last week, Howard County Executive Calvin Ball outlined how Howard County “stands on business” through five pillars: managing crises, investing in people, backing businesses, making strategic investments, and preparing for the future. Howard Community College appears by name in the pillar that anchors the others: investing in people. Dr. Ball highlighted the $11 million county investment in HCC’s Cathy and Danny Bell Workforce and Trades Center, which will open this fall. He described the facility as a world-class center with state-of-the-art training in key industries, championed by HCC President Dr. Daria J. Willis, and positioned to help Howard County compete with institutions worldwide. He also recognized HCC’s Complete4Success program, supported by a $3.5 million county investment in 2022, as a continuing driver of certifications and degrees that prepare students to enter Howard County’s workforce ready to contribute on day one. Dr. Ball connected HCC’s work to the broader economic moment in the county, including more than 1,580 apprentices now training across Howard County businesses, up from roughly 1,100 in 2018, and the SPARK program that bridges classroom learning to high-demand industries. Each of these efforts depends on the kind of workforce pipeline HCC is built to deliver. Educational Services is one of the top three employment sectors for county residents, alongside Professional, Scientific, & Technical Services and Health Care & Social Assistance. HCC will award 1,263 degrees next week at its annual commencement ceremony, and every year, that output feeds directly into the industries the County Executive named as drivers of Howard County’s growth. The full picture also includes the families who are not yet there. The 2024 ALICE update from United Way of Central Maryland found that 35,346 households in Howard County, 29% of the total, fell below the ALICE Threshold in 2022, meaning they earned more than the Federal Poverty Level but less than the basic cost of living in the county. The Household Survival Budget for a Howard County family of two adults, an infant, and a preschooler reached $118,608 annually, requiring an hourly wage of $59.30 to cover housing, child care, food, transportation, and other essentials. Affluence and economic strain coexist within the same county lines. That gap is the reason higher education and economic development are inseparable. Every certification, associate degree, and apprenticeship credential issued at HCC represents a household closer to crossing the ALICE Threshold and into long-term financial stability. The Bell Center, Complete4Success, Howard P.R.I.D.E., Parent Scholars, and the institution’s transfer-rate gains are significant components of Howard County’s economic mobility infrastructure. HCC is grateful to Dr. Ball for his sustained partnership over nearly eight years of service and for recognizing that this college plays a central role in the economic story Howard County is telling. Standing on business in Howard County means standing alongside the flagship institution that prepares its workforce.
Take-Two stock jumps on GTA 6 pre-order speculation: What we know
Investing.com -- Shares of Take-Two Interactive Software (NASDAQ: TTWO) climbed 5% on Thursday morning, trading at approximately $238, following viral social media speculation that a pre-order window for Grand Theft Auto VI is set to open as early as this weekend.
Kevin Smart Says the 'Smartest' Business Moves Follow This Specific Rule
The comedian turned serial entrepreneur shares his investment strategy.
Clackamas County Launches New Tourism Business Grant Program
Clackamas County is investing in its tourism economy by launching a new, one-time Tourism Business Grant Program. Applications are open May 14 through June 18.
Marist University to invest $100 million in new curriculum, building
Marist University is investing $100 million into a new Science and Health Initiative, including a new nursing curriculum, physics major and building.
Universal and UCF launch new themed entertainment school
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Why 57% of business leaders say their metrics will fail
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New investors change the game for women’s pro sports
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Jeff Kilburg on Intel: Foundry business is the catalyst driving the stock higher
Jeff Kilburg, KKM Financial CEO, joins 'The Exchange' to discuss Kilburg's investing take on Intel and Micron.
Business graduate creates a diversified portfolio at Mizzou
Chase McQueary is headed to the financial hub of Chicago after investing in himself at Mizzou.
Why investing in Illinois roads is critical for business competitiveness
A look at how deteriorating Illinois roads impact supply chains, business costs and economic growth across Chicago and downstate regions.
Retail Giants Spend Billions to Make Stores Look Nicer
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How Pittsburgh is banking on small business
Leaders are investing millions to bring shops, foot traffic and energy back to Downtown.
Investing In Climate Health Could Generate High Returns, Study Finds
Every $1 invested in climate health solutions could yield up to $68 in benefits for low and middle-income countries, according to a new analysis.
If you want to reduce jail overcrowding, start on mental health before the crime happens
Montana keeps investing in mental health facilities for people who have broken the law, in part because of mental illness. Columnist and county attorney Matt Jennings says there's a cheaper, better way to focus on treatment and prevention.
Wawa, Independence Blue Cross, and other Philly-area businesses are investing in a new partnership to create more middle-class jobs
Three industries in the Philadelphia area already offer jobs with good pay that don't require a four-year degree. Business leaders have a plan to create more of them.
Zee Entertainment reportedly sues Reliance-Disney venture for $3 million
Zee Entertainment reportedly sues Reliance-Disney venture for $3 million
How employer partnerships are reshaping Chicago’s workforce
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Earnings call transcript: Betr Entertainment sees growth in Q3 2026
Earnings call transcript: Betr Entertainment sees growth in Q3 2026
Cornish Pirates add new investor Wastnage to board
Businessman Richard Wastnage joins the board at Cornish Pirates after investing in the Champ club.
Copycat investing apps surge as Americans mirror trades of politicians and top investors
Is Flutter Entertainment plc (FLUT) A Good Stock To Buy Now?
Is FLUT a good stock to buy? We came across a bullish thesis on Flutter Entertainment plc on r/ValueInvesting by yannick26. In this article, we will summarize the bulls’ thesis on FLUT. Flutter Entertainment plc’s share was trading at $109.63 as of April 20th. FLUT’s trailing and forward P/E were 114.37 and 14.10 respectively according to Yahoo Finance. Flutter Entertainment (FLUT) […]
Northwood University Celebrates 2026 Class of Outstanding Business Leaders
Gala honors achievement, raises scholarship funds, and inspires students to pursue lives of meaning, leadership, and earned success Northwood University celebrated five honorees whose vision and leadership have transformed industries and communities on Saturday, April 18, during the 46th Outstanding Business Leader Awards Gala at the Henry Ford Museum in Dearborn, Michigan. The gala brought together honorees, alumni, students, donors, and university leaders for a signature event rooted in Northwood’s mission to develop free-enterprise leaders who drive global economic and social progress. This year’s honorees represented an array of industries, including entertainment, entrepreneurship, construction, manufacturing, motorsports, and automotive retail. “Outstanding Business Leader Awards is one of the most meaningful traditions at Northwood University,” said Dr. Kent MacDonald. “It gives our students the opportunity to learn directly from leaders who have built exceptional careers through vision, perseverance, personal responsibility, and service to others. What makes these honorees special is that their impact reaches far beyond business success. They create jobs, strengthen communities, open doors for others, and lead with purpose. They remind our students that free enterprise, when guided by character and integrity, can be a powerful force for good.” Since 1981, the Outstanding Business Leader Awards have recognized exceptional business leadership while supporting student opportunity through the Outstanding Business Leader Endowed Scholarship Fund. Prior to the gala, honorees met with Northwood students during a roundtable conversation designed to give students direct access to first-hand mentorship and career insight. The student-centered experience continued that evening, as each honoree was formally introduced by a Northwood student selected through a competitive process that drew more than 50 applicants this year. The experience reflects Northwood’s emphasis on learning through experience and providing students with meaningful opportunities to build confidence, connections, and professional momentum before graduation. The following honorees and presenters were featured at this year’s Outstanding Business Leader Awards Gala: Paul A. Glantz, chairman and CEO, EH Real Estate LLC; chairman emeritus, Emagine Entertainment Inc., was introduced by Kennedy Williams, a marketing communications and automotive aftermarket management student from Farmington Hills, Michigan. They are pictured with Gala Emcee Steve Madincea (far left) and Northwood University President Kent MacDonald. Jennifer Tenaglia Panning ’92, president, Artisan Tile Inc., was introduced by Karley Baker, a finance and marketing student from Washington Township who is enrolled in Northwood’s four-year bachelor/MBA track. Danny Sullivan, 1985 Indianapolis 500 champion, 1988 IndyCar World champion, and 1994 Rolex 24 at Daytona champion, was introduced by Max Hart, an automotive marketing and management student from Cheboygan, Michigan. Reagan Cordes, a sales management student from Davison, Michigan, is pictured introducing Linzie Venegas, chief operating officer of Ideal Group, who was unable to attend the gala. Larry Zinn, executive general manager of Warren Henry Auto Group and a 2008 Northwood alumnus, was honored to accept the Outstanding Business Leader Award on behalf of his father, Warren Henry Zinn ‘77, who was unable to attend Saturday’s gala. Larry Zinn was introduced by Bella Smylie, a data analytics student from Clare, Michigan. “This gala is about more than recognizing business excellence; it’s also about investing in students and reinforcing the relationships that make Northwood special,” said Advancement Vice President Murray Kyte. “We celebrate leaders whose lives reflect The Northwood Idea while raising scholarship funds to invest in students whose ambition, character, and entrepreneurial spirit reflect the values Northwood seeks to advance.” “During my time at Northwood, I’ve been fortunate to experience things I never could have imagined,” said Baker, who added she was honored to form a meaningful connection with her Outstanding Business Leader honoree. “…Northwood builds a network that stretches far beyond these walls, one shaped by shared values, a belief in free enterprise, and a conviction that business, done right, can change lives.” To learn more about this year’s honorees and gala sponsors, visit the Outstanding Business Leaders Awards webpage at www.northwood.edu/advancement/signature-events/outstanding-business-leader-awards/. Share this page
Why Treehub Is Investing In Science-First Founders Leading Healthcare Innovation
Treehub, the Stanford-adjacent residency program backed by the AI Health Fund, is focused on building the next generation of great healthcare founders born in labs, hospitals and academia instead of traditional startup circles.
Why Treehub Is Investing In Science-First Founders Leading Healthcare Innovation
Treehub, the Stanford-adjacent residency program backed by the AI Health Fund, is focused on building the next generation of great healthcare founders born in labs, hospitals and academia instead of traditional startup circles.
Wells Fargo raises Caesars Entertainment stock price target on solid results
Wells Fargo raises Caesars Entertainment stock price target on solid results
Citizens raises Caesars Entertainment stock price target on solid Las Vegas trends
Citizens raises Caesars Entertainment stock price target on solid Las Vegas trends
Earnings call transcript: PENN Entertainment beats EPS expectations in Q1 2026
Earnings call transcript: PENN Entertainment beats EPS expectations in Q1 2026
Australia’s Star Entertainment narrows third-quarter losses
Australia’s Star Entertainment narrows third-quarter losses
Joshua Kushner's Thrive moves into pro sports investing
This feels like an asset-gathering gambit.
Citizens reiterates Sphere Entertainment stock rating on venue expansion potential
Citizens reiterates Sphere Entertainment stock rating on venue expansion potential
Qualcomm shares jump 9% premarket on report of OpenAI smartphone chip partnership
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Missouri's economy thrives when people are healthy
Missouri's economy relies on healthy residents. This column explains how investing in public health can boost economic growth and save money.
Asha Sharma Says Xbox Is Investing To Make Series X|S Consoles A 'First-Class Experience Again'
That's how important they are to the new leadership
Nasdaq notifies Sports Entertainment Gaming Global of late annual report filing
Nasdaq notifies Sports Entertainment Gaming Global of late annual report filing
Stifel reiterates Buy rating on PENN Entertainment stock
Stifel reiterates Buy rating on PENN Entertainment stock
Mizuho reiterates Outperform on PENN Entertainment stock
Mizuho reiterates Outperform on PENN Entertainment stock
Apple Is Working On A High-Resolution Camera Upgrade That Its Chinese Competitors Have Been Investing Millions To Implement
A rumor claims that Apple is working to bring a high-resolution camera upgrade to its iPhones, but Chinese manufacturers are investing millions to bring it
Why the Party Photography Business Is Booming
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Iran war ceasefire, Q1 earnings will spark a big stock rally, strategist says
Ryan Detrick, the chief market strategist at Carson Group, shares his investing framework as the stock market rides a rapid relief rally.
Tencent Music Entertainment files 2025 annual report with SEC
Tencent Music Entertainment files 2025 annual report with SEC
Mark Mobius, 'Indiana Jones of emerging markets,' dies at 89
Mark Mobius, widely credited as a pioneer in emerging markets investing, died on Wednesday at the age of 89, according to a statement on his LinkedIn page.
How Latino business owners are navigating growth, AI and inflation
Latino-owned businesses in the U.S. continue to overcome funding challenges to pursue expansion and innovation—through strategies such as scaling internationally, acquisitions, and investing in artificial ...
First-Gen Alumnus Behind Transformational Gift Believes in Power of Philanthropy to Change Lives
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New model helps investors and regulators understand complex businesses and see their positive sides
Warren Buffett advised that you should never invest in a business you can't understand. But that hasn't stopped many investors. New research from the McCombs School of Business at The University of Texas ...
Citizens reiterates Caesars Entertainment stock rating on EBITDAR outlook
Citizens reiterates Caesars Entertainment stock rating on EBITDAR outlook
Tourism, sports, and entertainment are key to DC’s downtown comeback, investors say
Ted Leonsis and Mark Ein, investors in team franchises, told Semafor World Economy that the US capital could be revived by investing in sports venues.
Tourism, sports, and entertainment are key to DC’s downtown comeback, investors say
Ted Leonsis and Mark Ein, investors in team franchises, told Semafor World Economy that the US capital could be revived by investing in sports venues.
Business Leaders Contribute More Than $200,000 to Heart of Oregon’s Legacy 25 Campaign
Heart of Oregon Corps, in collaboration with Central Oregon Builders Association, invited local businesses to “Make Your Mark” by investing in Central Oregon’s first youth workforce development campus at a special campus breakfast on April 1 that raised more than $200,000 from the corporate community, including a $100,000 gift from BASX. “We are so pleased to […]
Investing with ‘the lordship of Christ’ in mind: Ecumenical business conference convenes in Denver
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Gadsden to invest $2.7 million in sports complex upgrades along Coosa River
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Stifel cuts Flutter Entertainment stock price target on guidance miss
Stifel cuts Flutter Entertainment stock price target on guidance miss
BofA raises Sphere Entertainment stock price target on expansion
BofA raises Sphere Entertainment stock price target on expansion
Citizens cuts Flutter Entertainment stock price target on gaming sector outlook
Citizens cuts Flutter Entertainment stock price target on gaming sector outlook
From Olympic Gold to Founder: Allyson Felix’s Next Chapter
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BTIG initiates Madison Square Garden Entertainment stock with buy rating
BTIG initiates Madison Square Garden Entertainment stock with buy rating
GenNx360 Capital Partners Announces Heartland Business Systems Acquisition of Applied Tech Solutions
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AMC Entertainment posts record Easter weekend revenue
AMC Entertainment posts record Easter weekend revenue
Investing in Tomorrow: Strengthening Human Development and Resilience in Ukraine
Since Russia’s invasion, World Bank support has helped Ukraine sustain essential services by protecting schools, strengthening healthcare, and delivering social assistance to those most in need.
Gemma 4 and what makes an open model succeed
Having written a lot of model release blog posts, there’s something much harder about reviewing open models when they drop relative to closed models, especially in 2026. In recent years, there were so few open models, so when Llama 3 was released most people were still doing research on Llama 2 and super happy to get an update. When Qwen 3 was released, the Llama 4 fiasco had just gone down, and a whole research community was emerging to study RL on Qwen 2.5 — it was a no brainer to upgrade. Today, when an open model releases, it’s competing with Qwen 3.5, Kimi K2.5, GLM 5, MiniMax M2.5, GPT-OSS, Arcee Large, Nemotron 3, Olmo 3, and others. The space is populated, but still feels full of hidden opportunity. The potential of open models feels like a dark matter, a potential we know is huge, but few clear recipes and examples for how to unlock it are out there. Agentic AI, OpenClaw, and everything brewing in that space is going to spur mass experimentation in open models to complement the likes of Claude and Codex, not replace them. Especially with open models, the benchmarks at release are an extremely incomplete story. In some ways this is exciting, as new open models have a much higher variance and ability to surprise, but it also points at some structural reasons that make building businesses and great AI experiences around open models harder than the closed alternatives. When a new Claude Opus or GPT drops, spending a few hours with them in my agentic workflows is genuinely a good vibe test. For open models, putting them through this test is a category error. Something else to be said about open models in the era of agents is that they get out of the debate of integration, harnesses, and tools and let us see close to the ground on what exactly is the ability of just a model. Of course, we can’t test some things like search abilities without some tool, but being able to measure exactly the pace of progress of the model alone is a welcome simplification to a systematically opaque AI space. Share The list of factors I’d use to assess a new open-weight model I’m considering investing in includes: Model performance (and size) — how this model performs on benchmarks I care about and how it compares to other models of a similar size. Country of origin — some businesses care deeply about provenance, and if a model was built in China or not. Model license — if a model needs legal approval for use, uptake will be slower at mid-sized and large companies. Tooling at release — many models release with half-broken, or at least substantially slower, implementations in popular software like vLLM, Transformers, SGLANG, etc due to pushing the envelope of architectures or tools. Model fine-tunability — how easy or hard it is to modify the given model to your use-case when you actually try and use it. The core problem is that some of these are immediately available at release, e.g. general performance, license, origin, etc. but others such as tooling take day(s) to week(s) to stabilize, and others are open research questions — with no group systematically monitoring fine-tunability. In the early era of open models, the days of Llama 2 or 3 and Qwen pre v3.5, the architectures were fairly simple and the models tended to work out of the box. Some of this was due to the extremely hard work of the Llama, Qwen, Mistral, etc. developer teams. Some is due to the new models being genuinely harder to work with. When it comes to something like Qwen 3.5 or Nemotron 3, with hybrid models (either gated delta net or mamba layers), the tooling is very rough at release. Things you would expect to “just work” often don’t. I’ve been following this area closely since we released Olmo Hybrid with a similar architecture, and Qwen 3.5 is just starting to work well in the various open-source tools that need to all play nice together for RL research. That’s 1.5 months after the release date! This is just to start really investing more into understanding the behavior of the models. Of course, others started working on these models sooner by investing more engineering resources or relying on partially closed software. The fully open and distributed ecosystem takes a long time to get going on some new models. All of this is lead-in for the most important question for open models — how easy is it to adapt to specific use-cases? This is a different problem for different model sizes. Large MoE open-weight models may be used by entities like Cursor who need complex capabilities in their domain, e.g. Composer 2 trained on Kimi K2.5. Other applications can be built on much smaller models, such as Chroma’s Context-1 model for agentic search, built on GPT-OSS 20B. The question of “which models are fine-tunable” is largely background knowledge known by engineers across the industry. There should be a thriving research area here to support the open ecosystem model. The first step is to understand characteristics of different base and post-trained models to understand what they look like. The second step is to tune pretraining recipes for open models so they’re more flexible. Interconnects AI is a reader-supported publication. Consider becoming a subscriber. Subscribe For The ATOM Project and other Interconnects endeavors, we’ve put in substantial effort to measuring adoption trends in the open ecosystem. Everything takes a long time to unfold after a model is first publicly available — and adaptability is why. What we know for sure now, when Qwen has been going from strength to strength with its releases, is that technical staff across the industry has gotten comfortable working with Qwen models. Countless research methods and datasets were made to work with Qwen. It’ll take patience for any other model family to get to this point — a patience I’m not sure many open model builders have. This takes us to Gemma 4, Google’s latest open models. Gemma 3 was released more than a year ago, in March of 2025, and is a bit underrated. Gemma 4 comes in 4 sizes for now, with a bigger, MoE model of over 100B total parameters rumored but not released yet. The models we have today come in sizes of ~5B dense, 8B dense, 26B total 4B active MoE, and 31B dense. I’m most excited that they’re finally adopting a standard Apache 2.0 open source license. This’ll massively boost adoption. The standard of better licenses for strong open-weight LLMs was set by mostly Chinese open model labs in the last 1-2 years, and now U.S. companies are following suit. I will personally be so happy if the horrible Llama licenses and Gemma terms of service were an ~18-month transient dynamic of the industry being nervous about releasing strong open models. The Gemma 4 scores look very solid, the small models have incredible benchmark scores (especially in general domains like LMArena) and the 31B model rivals the recent Qwen 3.5 27B, which is the leading member of that class. The ~30B size range is an important one, as it’s accessible both to researchers and to enterprises looking to deploy the model in real use-cases. Where the 7B model scale is the default for tinkering and research, a 30B model is the default for seeing if an open model can unlock substantial value in your specific workflow — a good mix of intelligence, low price, tractability for downstream training, etc. This takes us back to the above adoption criteria I mentioned for open models and the bigger question — do I think Gemma 4 will be an overwhelming success? Previous Gemma models have been plagued by tooling issues and poorer performance when being finetuned. Gemma 4’s success is going to be entirely determined by ease of use, to a point where a 5-10% swing on benchmarks wouldn’t matter at all. It’s strong enough, small enough, with the right license, and from the U.S., so many companies are going to slot it in. I’m cautiously optimistic that Gemma 4 is going to work better here. Winds are shifting for open models built in America. We saw GPT-OSS go through a bumpy launch to become an overwhelming success. There’s a collective energy around the likes of Reflection, Arcee, Nemotron, Gemma, Olmo, and peers that show substantial demand for building new stacks around open models. There’s capital to be spent on AI stacks across the economy by those who want more ownership of everything, including the model. After launching The ATOM Project 240 days ago, the conversation is shifting into the next stage. Summer of 2025 was a crisis moment where the U.S. AI scene realized it can’t wait and figure out open models after building AGI. The two markets will capture different areas and proceed in parallel. Now that more companies in the U.S. are releasing strong models, we need to improve the ecosystem so that these models are easy to use, understand, and build value around. It’s the hard work to build another inflection point in these adoption plots I’ve been updating consistently, but that’s the work to be done. Join me in it. More data coming soon! Here’s a sneak peek:
Flutter Entertainment director Alfred F. Hurley Jr. to retire after AGM in May
Flutter Entertainment director Alfred F. Hurley Jr. to retire after AGM in May
Sphere Entertainment stock hits all-time high at 122.67 USD
Sphere Entertainment stock hits all-time high at 122.67 USD