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Erin Rae of V-103 has the latest in entertainment headlines
Lionel Richie is recovering in the hospital, Dyson releases a new smart toothbrush, and a man who was pretending to be an NFL player has gone viral.
Energy technology company to close Tualatin facility, eliminate 87 jobs
The closure of the Schneider Electric facility is the second plant closure announced this week in the Portland area.
US private payrolls growth slows in August, ADP says
U.S. private payrolls increased moderately in August, the ADP National Employment Report showed on Wednesday.
Applications open for three-county downtown business pitch competition
Middle Michigan Development Corporation is hosting businesses and entrepreneurs from across the region for the 2026 Middle Michigan Downtown Pitch.
Incredible edibles: Scientists turn plastic bottles into cookies
The pastry could be produced in remote locations
Run the NASCAR Track: JJK 5K Returns Labor Day with Expanded Entertainment
MADISON, Ill. (Sept. 1, 2026) – The JJK 5K returns to World Wide Technology Raceway this Labor Day, bringing participants an expanded entertainment lineup, a new kid zone and a full day of family-friendly activities as one of the region’s most anticipated holiday traditions takes place Monday, Sept. 7, beginning at 9 a.m. Just days...
Andrew Garfield says he still believes in a gay Spider-Man: ‘Anyone can be in that suit’
Andrew Garfield wanted to see a gay Spider-Man in 2013, and he wants to see a gay Spider-Man in 2026. The actor revisits his viral EW interview from 2013 in which he wondered why Spidey can’t ‘be into boys?’
Sights of the Game: Preseason Week 3 Gameday Entertainment vs. 49ers
Get an exclusive look at the gameday entertainment from the Raiders' Preseason Week 3 matchup against the San Francisco 49ers at Allegiant Stadium.
Philippines’ richest billionaire agrees to buy African port operator spanning three countries
Enrique Razon-controlled ICTSI has agreed to acquire an African port operator with businesses in South Africa, Mozambique and Namibia
North Carolina: Rabid baby goats at a mobile petting zoo prompts health warning
On Friday, the North Carolina Department of Health and Human Services reported confirmed multiple rabies cases in baby goats at a mobile petting zoo located in Iredell County. They were first notified of a potential rabies exposure among four baby goats at Farm Adventures in Harmony, North Carolina on August 27. The goats were most likely exposed to rabies by a skunk that had entered the pen where they were kept in late July. The NC State Laboratory of Public Health confirmed rabies viruses in three of the baby goats on August 28; a fourth goat was not tested but is also assumed to have been infected. Based on information gathered on August 28, it was determined that no other animals on the farm pose a risk of rabies exposure to people. Learn about rabies Anyone who had contact with baby goats from the Farm Adventures mobile petting zoo either at their location in Harmony, North Carolina, or at an off-site event, between July 28 and Aug. 27, 2026, may have been exposed while the animals were infectious. Impacted individuals should contact their local health department to determine whether medications are needed to prevent infection. Individuals are encouraged to call before visiting an emergency department or urgent care clinic to determine if treatment is needed and where it can be accessed. Known potential exposure dates and locations include: July 28: Jurney’s Assisted Living, 1942 Van Haven Drive, Statesville in Iredell County July 30: Private event in Mecklenburg County Aug. 1: Community Connections Back-to-School Bash, Breeden Amphitheater, 333 S. Main St., Lexington in Davidson County Aug. 6: Brookdale Peachtree, 2806 Peachtree Road, Statesville in Iredell County Aug. 8: Private event in Watauga County Aug. 9: Private event in Burke County Aug. 15: Masonic Picnic Grounds, 201 Poplar St., Mocksville in Davie County Aug. 16: Private event in Durham County Aug. 22: Private event in Iredell County Aug. 23: Private event in Durham County Rabies is a deadly disease that can spread from wild animals to pets and people, primarily through a bite, scratch or when infected saliva touches broken skin or mucous membranes. Human rabies infections are extremely rare in the United States. No human cases have been reported in North Carolina since 2011. Rabies is almost always fatal in mammals, including people, unless medications to prevent infections are given before symptoms develop. Symptoms can begin weeks to months after someone is exposed. Early symptoms are flu-like illness including weakness, fever or headache as well as a prickling or itching sensation where someone was bitten or exposed. In 2025, over 4,000 animals were submitted to the NC State Laboratory of Public Health for rabies testing, and of these, approximately 6% tested positive. In North Carolina the disease most often occurs in wild animals especially skunks, raccoons, bats and foxes. Outbreak News Today is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Deadline Hollywood
After Jelly Roll avoided discussing his politics at the Grammy Awards in February, he peeled off the band-aid this week with a heartfelt speech. Read more below.
Tom Cruise announces a follow-up film to 'Days of Thunder' to hit theaters in 2028
Tom Cruise will reprise his role as NASCAR driver Cole Trickle in a follow-up to “Days of Thunder.”.
Tom Cruise announces a follow-up film to 'Days of Thunder' to hit theaters in 2028
Tom Cruise will reprise his role as NASCAR driver Cole Trickle in a follow-up to “Days of Thunder.”.
‘Veronica Mars’ star Jason Dohring shares why he left Hollywood to become a farmer
‘Veronica Mars’ actor Jason Dohring turned his back on Hollywood to focus on a new career: organic farming.
Trump announces creation of U.S. Space Academy
The school will serve the Space Force, the sixth and newest branch of the military President Donald Trump created during his first term, as well as NASA and the growing civilian spaceflight industry.
Novant Health, Hornets unveil progress on new Uptown practice facility
Channel 9’s Miana Massey got a first look of the facility on Friday, where crews are building the spaces that will become practice courts, training and recovery areas for the Hornets.
Dems: Trump's Nassau visit crossed the line on using public resources for politics
At issue is Trump's Aug. 14 trip to the Nassau County David Mack Center for Training and Intelligence.
U.S. added 79,000 fewer jobs in 12 months through March, BLS says
The U.S. economy likely created 79,000 fewer jobs in the 12 months through March than previously estimated, the government said on Friday.
15 movies that flopped at the box office but became classics
Some of cinema’s most beloved classics started out as box-office duds. We’re looking back at 15 movies you may be surprised to learn flopped upon release.
Conflicting ideas of fairness in women’s sports fuel transgender participation debate
Recent controversy in the WNBA has reignited the debate about transgender participation in women’s sports, with advocacy groups split over differing ideas of fairness.
Gender politics obscure tragedy in Clancy trial
Too many on both sides of this toxic debate show minimal awareness of the facts.
Hot rods, custom cars and live entertainment set for QC Nationals weekend
The NSRA Quad Cities Street Rod Nationals return Aug. 28–29 to the Mississippi Valley Fairgrounds with two days of classic cars, custom builds, live entertainment, contests and family activities for automotive fans.
Thomas A. Martin Youth Sports Complex undergoing renovations in hopes of bringing more tournaments to Lubbock
These renovations, which hope to wrap up in March 2027, look to bring more people to south Lubbock for baseball and softball events.
Vikings Announce JJ McCarthy Plans Amid Big Questions on Future
The Minnesota Vikings made clear the immediate program for quarterback JJ McCarthy who is currently the subject of considerable rumors. The post Vikings Announce JJ McCarthy Plans Amid Big Questions on Future appeared first on HEAVY.
'GTA VI' Cyberleek update: Everything leaked Wednesday, this week
The leaker made good on a threat to release footage of the Lucia character.
Secret Service says it is aware of Iranian state media video threatening Barron Trump
The footage, reportedly released by media linked to Iran’s Islamic Revolutionary Guard Corps, claimed a $10 million bounty had been placed on the president’s youngest son.
UT Health Sciences' Care for the Community on Display at 2026 Health Care Heroes Awards
UT Health Sciences Faculty Honored with 2026 Health Care Heroes Awards
Toledo mental health agency marks one year of service
A Toledo mental health agency is marking one year of connecting people of all ages with resources and care.
‘Spider-Man: Brand New Day’ to oust ‘Titanic’ from top 5 highest-grossing films at global box office
James Cameron’s days with three films in the top 5 highest-ever earners at the global box office are numbered, as ‘Spider-Man: Brand New Day’ is poised to unseat ‘Titanic’ at No. 5.
D-backs vs Reds Discussion
Today’s Lineups REDS DIAMONDBACKS Elly De La Cruz – SS Lars Nootbaar – LF Sal Stewart – 1B Corbin Carroll – RF JJ Bleday – LF Gabriel Moreno – C Tyler Stephenson – C Geraldo Perdomo – SS Eugenio Suarez – DH Nolan Arenado – DH Matt McLain – 2B Tim Tawa – 1B Dane […]
Vikings QB JJ McCarthy May Have Suffered New Injury: Report
Minnesota Vikings quarterback JJ McCarthy played one quarter against the Ravens on Saturday and was seen wincing after he left the game. The post Vikings QB JJ McCarthy May Have Suffered New Injury: Report appeared first on HEAVY.
No deal reached in U.S.-Canada trade talks as 50 percent tariffs take effect
The U.S. will impose new tariffs on Canada after the two countries failed to reach a deal.
US business activity surges to 52-month high: S&P Global
Strong business investment and high equity prices will likely fuel 2.1% economic growth this year, Goldman Sachs said.
Cameroon’s 93-year-old president returns after a long stay abroad raises health concerns
Paul Biya, the world’s oldest president, left the Central African country in June for what was said to be a brief stay in Europe but became the longest recorded absence of his 44-year presidency.
BMO reorganizes international capital markets business, memo shows
Bank of Montreal will reorganize its international capital markets business under a single leadership structure, with Asia head Chris Taves set to retire next year, according to a memo seen by Reuters.
‘The Pitt’ star says he replaced 2 actors on ‘24’ who were ‘intimidated’ by Kiefer Sutherland
Emmy nominee Jeff Kober says that he replaced two actors on ‘24’ because they were both too ‘intimidated’ to work with Kiefer Sutherland: ‘The other guys just weren’t able to hang.’
Peggy Flanagan isn’t a democratic socialist. But here’s where she agrees, and doesn’t, with the DSA
Flanagan has rejected the democratic socialist label even as Republicans try to pin it on her.
Chicago apartment sales jump 91% as rent growth draws investor confidence
Sales are bouncing back from a slowdown in recent years, when interest rate hikes that began in mid-2022 made larger deals more challenging.
$600 Million-Plus in Capital Improvements Better Position UT Health Sciences to Train Tennessee's Healthcare Workforce
$600 Million in Capital Improvements Help UT Health Sciences to Train Tennessee's Healthcare Workforce
Democrats enter their thirst trap era
The left is leaning into candidates who look young, energetic and even desirable, with fresh faces often eclipsing the older guard.
How Brookhaven National Laboratory’s CFO finances big science
Dr. Susan McKeon explains why the financial decisions behind some of the world's most ambitious scientific research requires a different type of CFO approach.
Google to buy Spirit Airlines business data for $10 million
Alphabet's Google is acquiring internal business data from bankrupt Spirit Airlines for $10 million, saying it plans to use the data for product development and training its AI models.
Chargers add Sean Balfour to Sports Medicine and Performance team
The Hillsdale College Sports Medicine and Performance team bolstered its ranks ahead of the 2026-27 school year with the addition of Sean Balfour as an Athletic Trainer earlier this summer.
In Florida, Wasserman Schultz sparks a debate over what representation means in diverse districts
Rep. Debbie Wasserman Schultz is running for reelection in a new Florida district after Republicans redrew the congressional map.
In Florida, Wasserman Schultz sparks a debate over what representation means in diverse districts
Rep. Debbie Wasserman Schultz is running for reelection in a new Florida district after Republicans redrew the congressional map.
What Happens to Your Bone Health When You Take Vitamin D With Calcium?
Vitamin D helps the body absorb calcium, so taking them together can optimize their benefits.
Astronomers find water in the harsh environment near the Milky Way's black hole — Space photo of the week
Astronomers detected dust and water surprisingly close to the Milky Way's central black hole, Sagittarius A*, offering a rare direct view of how evolved stars may behave in hostile settings.
Best U.S. hospitals list includes 14 in Minnesota, led by Mayo
The U.S. News & World Report ranks hospitals in all 50 states annually, and more Minnesota facilities made the list this year.
Best Disney+ deals and bundles: Best streaming deals in August 2026
Catch the best from Marvel, Star Wars, and more with these Disney+ deals and bundles.
New restaurants, boutiques, gyms, and a whiskey distillery: Bryan-College Station’s business boom breakdown
A wave of new openings this month is highlighting a business boom in Bryan-College Station.
Sights of the Game: Preseason Week 1 Gameday Entertainment vs. Cardinals
Get an exclusive look at the gameday entertainment from the Raiders' Preseason Week 1 matchup against the Arizona Cardinal at Allegiant Stadium.
Georgia GOP push politics of the past, including Communism and Shariah
Republican candidates are campaigning on the types of culture war issues that have animated the GOP base for years. Some fear that could alienate voters in the middle.
Google Play is hiding a Pixel 11 Pro discount in plain sight
Check your perks and compare trade-in deals before pre-ordering.
Apple's 2026 Back to School Offer is Now Live Across Europe
Apple's annual Back to School promotion is now live in the United Kingdom and 18 other European countries: Austria, Belgium, Czechia, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and Turkey. The European launch follows the company's back-to-school promotion rollout in the United States and several other regions and territories last month.
Car crashes into business in Huntington Beach
Injuries were reported after a car crashed into a business Wednesday in Huntington Beach. The crash was reported in the 6000 block of Edinger Avenue. Details about what led to the crash were not immediately available. At least part of the car appeared to end up inside the store, one of several in the strip mall. Patients were transported to…
Apple Extends 2026 Back to School Promotion Until September 24
Apple today extended its 2026 Back to School Promotion until September 24, which means it will last almost a month longer than planned. The extension is applicable in the United States, Canada, Mexico, and multiple countries in Asia. The Back to School promotion offers a free item or gift card when students or educators purchase an eligible Mac or iPad model, plus an educational discount.
Someone Made a Terrific Deal in the Peacock/YouTube Premium Partnership…But Who?
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) I hope everyone around the world suffering from record heat waves is doing okay. The temperature is already up in Southern California, but obviously not nearly as bad as parts of Europe. With a super El Nińo coming this year, I worry it will get even worse. Yes, we know what’s causing this heat—it’s the carbon, duh—but we really aren’t making enough progress. I’m not “environmental strategy guy”, but if I were, I’d have some ideas of what I’d try. Honestly, for years I’ve been intrigued by the work of the folks at MEER—whose plan, super simply, is to put up mirrors to reflect heat (while continuing the important work of decarbonization)—but I’m frustrated this idea hasn’t made more progress. (Other geo-engineering groups seem to get better press.) With heat like this—cancelling events, hurting economies and, most importantly, killing people—it seems like the time to push solutions! The “mirrors on the ground” solution has barely been tried.1 While entertainment companies may not “feel the heat”, lots of outdoors/experiential industries—concerts, theme parks and so on—will. Even movie theaters could benefit, since mirrors could help lower AC costs, which I imagine is not an insignificant expense, especially in the hotter areas of the country. So I do think the entertainment industry should prioritize this issue. Anyways, let’s get back into the entertainment strategy. I was about to write, “Hey, this week we don’t have any mergers and entertainment news to dive into,” but that’s not really true, since we had more updates on Paramount-Skydance and Warner Bros. Discovery. But the big story of the week involves a streamer and a Big Tech platform bundling their respective streamers. So I’ll write about the updates on Paramount buying Warner Bros., Versant making some moves, and a whole lot more. But we start with a surprising deal: Peacock licensing their content to YouTube Premium. Let’s dive in! Subscribe Most Important Story of the Week - Peacock’s Pricey Premium Partnership The story of the week is Comcast’s2 NBC-Universal’s Peacock making a deal with Google’s YouTube’s YouTube Premium subscription product to embed their content. And I’ll say this up front: Someone made a terrific deal. The question is who. And I’ll be honest: I don’t know. Let me explain why, including why this deal exists, the pros and cons for each side, the biggest unknown, and what that says about the streaming wars. Customers Love Bundles (But YouTube Has Its Own Issues) We’re just getting started with this issue, but the rest is for paid subscribers of the Entertainment Strategy Guy, so if you’d like to find out… Why customers love bundles… But why I’m worried about YouTube’s integration... How Peacock is trading scale for control… And the reason they likely made this deal... The odd budget math for this deal... Whether or not I think the Paramount-Skydance/WBD deal is more likely after the latest settlement... Versant making moves and why that’s good for Hollywood… Another distributor going out of business… ...and a whole lot more! ...please subscribe! We can only keep doing this great work with your support.
New appeals board could mean fines, stronger enforcement for businesses that violate laws, county ordinances
Cuyahoga County established an Administrative Appeals Board, enabling Consumer Affairs to impose fines on businesses violating consumer protection laws rather than just issuing warnings.
AP Decision Notes: What to expect in Connecticut’s state primary
Two veteran Democratic incumbents in Connecticut face strong challenges in a state primary on Tuesday.
Michigan’s phonics push could squeeze out knowledge
Keith Kindred writes that Michigan needs the science of reading - but kids need more than the ability to decode the words.
Michigan’s phonics push could squeeze out knowledge
Keith Kindred writes that Michigan needs the science of reading - but kids need more than the ability to decode the words.
'House of the Dragon' Season 3 finale: Why does Rhaenyra dismiss Mysaria?
Hell hath no fury like a Mistress of Whisperers scorned.
Health officials urge caution for Gulf Coast beachgoers during surge of deadly bacterial infections
Health officials in Louisiana are urging beachgoers to take precautions during a summertime surge in infections from a flesh-eating bacteria.
Fayetteville business owners plan to rebuild six months after courthouse square fire
Saturday marks 6 months since a devastating overnight fire tore through businesses around the courthouse square in Fayetteville.
Fayetteville business owner plans to rebuild six months after courthouse square fire
Saturday marks 6 months since a devastating overnight fire tore through businesses around the courthouse square in Fayetteville.
Ella’s Top Corral celebrates 50 years of business
Ella’s Top Corral hosted a community block party to celebrate the original owner’s birthday and the legacy built over 50 years.
Pluto's heart is cold as ice but it still bleeds, NASA mission shows
In the frozen outskirts of the solar system, liquid flows on Pluto.
East Hampton residents cite health worries amid battery plant fire investigation
The town supervisor called on the battery plant operator to adopt safety upgrades or risk a shutdown.
Malware Can Abuse Windows Hello for Business Keys for Persistent Entra ID Access
Windows Hello keys can be abused from signed-in Windows sessions to gain Entra ID access without extracting TPM-backed private keys.
Xeris raises outlook despite posting $31.1 million loss
Executives argue the loss reflects a one-time accounting charge to clear outstanding debt rather than the drugmaker's performance.
Andre Pallante’s Arm, JJ Wetherholt’s Bat Lead Cardinals Over Yankees
After a somewhat brief rain delay, the Cardinals were on the receiving end of another good start by Andre Pallante and he finally got some run support when the St. Louis bats woke up mid-game, but would it be enough to earn a victory? Spoiler Alert: YES. The New York Yankees starter Will Warren and […]
Apple's iCloud Private Relay is Leaking Users' Real IP Addresses
Apple's paid Safari protection feature that promises to keep your IP masked doesn't always work, according to security researchers Tommy Mysk and Talal Haj Bakry. It turns out iCloud Private Relay can expose your real IP to websites that use or pretend to use passkeys. iCloud Private Relay is a service included with paid iCloud+ plans. It is supposed to hide your IP and DNS information when you browse the web using Safari, but it is not a VPN that masks all traffic from a device.
Cyclosporiasis cases in Michigan climb to over 12,000, state health officials say
Michigan health officials reported 12,218 cases linked to an outbreak of cyclosporiasis on Wednesday, an increase of 710 cases since its last update a day earlier.
Pelky Joins UW-Eau Claire Athletics as Assistant Sports Information Director
EAU CLAIRE, Wis. – UW-Eau Claire Athletics has announced the hiring of Bryce Pelky as its Assistant Sports Information Director. Pelky begins his first season with the Blugolds during the 2026-27 academic year.
Disney's 'Toy Story 5' fuels streaming business and merchandise sales for June quarter
Disney said the blockbuster success of "Toy Story 5" extended beyond the box office for the June quarter, as the hit film fueled sales of merchandise, added to engagement on the Disney+ streaming service, and attracted more visitors to its theme parks.
CarPlay is Coming to Pontoon Boats
MasterCraft Boat Holdings today said it is adding CarPlay to its upcoming Crest and Balise Pontoons. The company is working with Savvy Navvy to bring CarPlay and on-water navigation to boaters. Boaters who purchase select 2027 Crest or Balise pontoons will have access to CarPlay, with many of the same features that are available in a car.
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
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Upcoming Science Cafe
BAR HARBOR—Join us for a fascinating Science Cafe with environmental toxicologist Nishad Jayasundara, Ph.D., as he explores how everyday contaminants and other stressors such as heat exposure may be quietly influencing kidney health. Chronic kidney disease (CKD) affects nearly 1 in 7 adults in the United States—and more than 840 million people worldwide. While factors like diet and genetics are well known, scientists are increasingly uncovering another important piece of the puzzle: environmental exposure. Drawing on his team’s research, Dr. Jayasundara, Maine INBRE alum as a College of the Atlantic undergraduate student and past MDI Bio Lab Visiting Scientist, will share how early-life exposure to environmental toxins can disrupt kidney development, and may affect kidney structure and function in adults. Blending cutting-edge research with real-world relevance, this Science Cafe will shed light on an important and often overlooked contributor to human health—and what it could mean for communities around the world. Monday, August 17, 2026 at 5 p.m.Hybrid event at Maren Auditorium and via Zoom Register Now What Are Science Cafes? MDI Bio Lab’s Science Cafes provide an informal introduction to ground-breaking biomedical research by its scientists, scholars from near and far and from local experts in other fields as well. Each Cafe lasts about one hour; the floor is open for questions and discussion. It can get lively and it’s always engaging. MDI Science Cafes are open to the public and free of charge. For more information, or to watch past events, visit our website. The MDI Science Cafe Series is brought to you by Cross Insurance. Subscribe Share Leave a comment
Debt Digest | Federal Debt is a Health Care Problem
Welcome David Ditch to the Debt Dispatch! We are pleased to announce a new regular contributor: David Ditch will be joining the Cato Institute as a Policy Analyst for Budget and Entitlement Policy later this week. David has more than a decade of experience in fiscal policy issues, with a particular focus on federal spending. He previously worked at the Senate Budget Committee, the Heritage Foundation, and the Economic Policy Innovation Center. David’s areas of expertise include appropriations, transportation, agriculture, federalism, grantmaking, and policy options for deficit reduction. Originally from the Rochester, N.Y. area, David has a BA in Economics and Political Science from the University of Rochester and a MA in Political Management from George Washington University. David currently lives in Arlington, VA. You may have enjoyed his earlier guest posts: CBO: New Highway Bill Has More Spending, Taxes, and Deficits Trump Administration’s Proposed Changes to Federal Grants Highlight Problems of Big Government Here are this week’s reading links and fiscal facts: The federal debt is largely a health care problem. In a new report, the Congressional Budget Office and Joint Committee on Taxation find that “In 2026, federal subsidies for health insurance, net of related payments to the government, are projected to equal $2.4 trillion, or 7.4 percent of gross domestic product (GDP). In CBO and JCT’s projections, those subsidies grow by 65 percent, reaching $3.9 trillion, or 8.4 percent of GDP, in 2036. Subsidies for Medicare contribute most to that overall growth, increasing by $900 billion. Over the entire 2026–2036 period, federal subsidies for health insurance total $33.6 trillion.” Cato’s Michael Cannon emphasizes, “The long-term federal debt problem is a health care problem. […] Only two categories of federal outlays will grow faster than gross domestic product (GDP): health care subsidies and interest payments on the debt. The former is, therefore, the primary driver of the latter.” The bond market fears deficits, not the loss of tariff revenue. Responding to a New York Times essay claiming tariff revenue has grown too important for a future administration to unwind, Cato’s Kyle Handley argues: “Bond investors are not attached to customs duties as a line item revenue source. They care about the government’s overall fiscal position.” He continues, “tariff revenue is a side hustle. And the Trump administration has already promised to dole out the funds through schemes like tariff dividend rebates, farm subsidies, and pay-fors on tax cuts or other spending.” Furthermore, “tariff revenue is simply not large enough to transform the government’s fiscal trajectory.” Take net interest for example: it “reached $970 billion in fiscal year 2025, absorbing 18.5 percent of federal receipts. Customs duties accounted for only 3.7 percent of receipts—and that was before refunds (see Figure 2).” Handley concludes, “The real bond-market concern is a large and growing interest bill, persistent budget deficits, and a political system unwilling to bring spending and revenue into alignment.” Medicare’s spending growth is driven by more volume and utilization. A Congressional Research Service report finds that Medicare spending “grew at an average annual rate of 7.3%” from 1985 through 2025, and the trustees project health care expenditures will keep rising “faster than gross domestic product (GDP) in most future years.” Citing CBO, the report attributes Medicare’s projected 2026–2036 spending growth to “23% from higher enrollment, 31% from inflation, and 47% from the growth of inflation-adjusted spending per beneficiary. In other words**, the largest single driver of Medicare spending growth during the next decade is expected to be higher volume and intensity of health care services.”** Boccia and Thakur explain: “as the economy grows, Medicare spending tends to grow at least as fast—and often faster—because the program automatically pays the bill for more and more healthcare consumption by seniors, even as prices rise.” The Fed has little control over market interest rates. Cato’s Jai Kedia documents that the Fed has held its rate target steady since December, yet “nearly every rate Americans actually borrow at has climbed over the same stretch.” Kedia continues, “The Fed did nothing, and the cost of credit went up anyway. […] Markets spent these months repricing macroeconomic events such as sticky core inflation, a volatile energy market driven by the conflict in the Middle East, and global trade disrupted by tariffs, among others. None of that required a policy change to show up in borrowing costs because markets, not the FOMC, set prices.” He concludes, “Accurately priced borrowing rates will come from credible disinflation and disciplined budgets and from a Fed content to follow the economy rather than pretend it leads it.” Nearly half of US farm income comes from taxpayers. Former Reagan OMB director David Stockman notes that “in the most recently completed full year (FY 2025) farmer incomes in the US totaled $97.8 billion, but fully 42.7% or $41.8 billion of that amount came from taxpayers, not the marketplace. Nor is this some kind of one-year aberration. If we look at the most recent decade as a whole, total farm income posted at nearly $708 billion, but, as indicated, fully $322 billion or 45% of this came compliments of US taxpayers.” Cato’s Chris Edwards explains why so little of that income is market-earned: “Farmers are businesspeople, but the government shields them from just about every type of weather and market risk. Furthermore, just about every part of the agricultural industry is subsidized, including insurance, loans, marketing, research, export sales, and land improvements.” The Debt Dispatch is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
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