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Scientists Finally Locate the Sun’s Hidden Magnetic Engine Deep Beneath Its Surface
New observations are helping scientists peer beneath the Sun’s surface, revealing where its magnetic activity may truly begin.
New dispute emerges around Subnautica 2’s early access release
Lawyers for the ousted—and now partially reinstated—leadership team of Unknown Worlds, the studio behind Subnautica 2, are crying foul over news that the game will be released into early access in May. The release announcement earlier this week was made improperly, potentially “damaging the game and sowing additional confusion among the Subnautica community,” the lawyers said in a letter sent on Tuesday to Vice Chancellor Lori Will of Delaware’s Court of Chancery. In their letter, the lawyers also floated the idea of asking Will to find Krafton in contempt of the court’s ruling. The letter was sent just one day after Will’s bombshell ruling that publisher Krafton had breached its contract with Unknown Worlds’ executive team, when it fired them last June. The new issue isn’t necessarily the May early access timeframe, but how the news was announced. The letter and Krafton’s response have not been previously reported. A quick recap of prior events: Subnautica 2 is an unreleased, underwater survival adventure and the most-wishlisted game on Steam. Last year, longtime Unknown Worlds CEO Ted Gill, along with studio co-founders Charlie Cleveland and Max McGuire, were fired by Krafton. They swiftly sued, saying the publisher had terminated them to avoid paying out up to $250 million in potential performance-based bonuses. The studio leaders had hoped to earn that with an early access release of the game, which Krafton had blocked. The publisher argued in court that Subnautica 2 wasn’t ready, which the ousted execs disputed. On Monday, Will ruled that Krafton had violated its contract, firing the execs to avoid the performance payouts, and that it had to reinstate Gill and give him full authority over any early access release for Subnautica 2. On Tuesday, IGN reported on a new memo issued that day to Unknown Worlds staff by Steve Papoutsis, the executive Krafton had put in charge of Unknown Worlds after the 2025 firings. In the note, Papoutsis said that Subnautica 2 had passed a key development milestone “last week” and that he and Krafton had determined the game “is ready for Early Access release in May.” This news appeared to catch the lawyers for Gill, Cleveland and McGuire by surprise. On Tuesday night, they sent a letter to Will expressing “serious concerns” about whether it would be possible to forge an agreement with Krafton consistent with the judge’s order. Papoutsis’ memo was a problem, they wrote. He didn’t have the authority to declare anything about Subnautica 2’s release. As of 9am ET on Monday, March 16, the effective date of Will’s order, Papoutsis wasn’t CEO of Unknown Worlds. Gill was. And, per Will’s order, only Gill could make Subnautica 2 release decisions. They continued: Krafton self-servingly announced the launch without any regard to its impact on the game, the team, or the community—let alone this Court’s Opinion. Announcing the release of a game is momentous, and it is typically accompanied by significant marketing activity, fanfare, and community coordination. And most importantly, the announcement is carefully designed to maximize excitement for the game. That entire process was supposed to be driven by Mr. Gill. However, in defiance of the Court’s Opinion, Krafton has now taken that away, further damaging the game and sowing additional confusion among the Subnautica community. The lawyers speculated that Krafton had “intentionally leaked” Papoutsis’ memo and then issued an official statement to confirm the leak. Game File is a reader-supported publication. My reporting is only possible through support from readers like you. To support my work, consider becoming a free or paid subscriber. Subscribe On Wednesday, lawyers for Krafton defended their client in their own letter to vice chancellor Will, saying nothing they did violated her order nor showed contempt: Papoutsis’s message was simply celebrating the UW employees’ efforts toward a past event: Krafton’s pre-Opinion determination that Subnautica 2 was ready for Early Access release. There was nothing improper about conveying the results of the milestone review or thanking the development team for their dedication and talent. They added that Gill could still make his own call about Subnautica 2’s release: In his role as CEO, Gill will be able to assess independently his views on the state of Subnautica 2 and the appropriate release schedule; nothing in Papoutsis’s message alters Gill’s authority or discretion. Vice chancellor Will has not responded to the letters and doesn’t necessarily have to. Both parties were previously ordered by Will to confer this week and submit a proposed judgment consistent with her ruling. The letter from Gill’s attorney’s this week doesn’t indicate whether he would or would not support a May release for Subnautica 2. But it could limit his options. And, if Gill’s lawyers are right, the lack of marketing fanfare around the leak of the May date could dull the launch of the game. Any harm to Subnautica 2’s launch is an extra sensitive issue given the context of the legal dispute: millions of dollars of payouts are on the line, tethered to the scale of the game’s initial performance. In her ruling on Monday, Will noted that there was obvious “bad blood” between Gill’s side and Krafton but that the two would need to work together: “They can—and must—act in good faith to navigate their remaining contractual relationship.” Item 2: A new kind of couch co-op game A highlight of GDC each year is the Alt.Ctrl showcase that features games played with extremely experimental controllers. Perusing this year’s offerings last Friday, I found a game controlled with giant scissors, another with big toothbrushes and one that amounted to dumpster diving. My favorite was Pivot, a co-op game about collectively maneuvering a couch. It was developed by students at the University of Utah’s masters of arts and engineering games program. Players lift and tilt the physical couch in order to control the position of a virtual one. That virtual one is moving through an obstacle course on-screen, while being pursued by a giant skull. Developer Nishant Verma told me at GDC that the couch is made of styrofoam (this became more evident as I watched!) and that the name was a riff on an episode of the sitcom Friends. Item 3: In brief… 🚫 Ubisoft is laying off more than 100 workers at its Red Storm studio, as the North Carolina location known for decades for its Tom Clancy games, ceases in-house game development, VGC reports. 👀 On Monday, Nvidia’s revealed its DLSS 5 AI-driven graphics technology that purports to improve game graphics… and it has been roasted about it by the media and the online gaming public for the remainder of the week. The tech changed the faces of characters in footage from Resident Evil Requiem, Hogwarts Legacy and EA Sports FC, drawing accusations of giving carefully art-directed games the generic look of AI “slop.” Nvidia CEO Jensen Huang had said on Monday that “DLSS 5 is the GPT moment for graphics—blending handcrafted rendering with generative AI to deliver a dramatic leap in visual realism while preserving the control artists need for creative expression.” By mid-week, Huang was telling Tom’s Hardware that the new tech’s critics were “completely wrong” because game-makers could still “fine-tune the generative AI” to suit their game’s aesthetics.
Ellie Heisler Joins Manatt, Phelps & Phillips as Firm Expands Creator Economy Activity With Hires in Entertainment Practice
Ellie Heisler has joined Manatt, Phelps & Phillips as a partner in its entertainment practice as the law firm looks to expand its activity in the creator economy and the emerging world of creators, in...
The teens hooked on sports betting apps
Underage gambling has become a popular extracurricular activity for high school and middle school kids, sometimes with dangerous consequences.
Georgia bill protecting student political activity in public schools advances toward final votes
Georgia representatives are moving forward with a bill, inspired by conservative activist Charlie Kirk, that would protect political activities by students in public schools.
TENCENT MUSIC ENTERTAINMENT ($TME) Releases Q4 2025 Earnings
TENCENT MUSIC ENTERTAINMENT ($TME) posted quarterly earnings results for Q4 2025 on Tuesday, March 17th. The company reported earnings of $1.58 per share, missing estimates of $1.61 by $0.03. The company also reported revenue of $8,512,208,400, beating estimates of $8,511,718,743 by $489,657.You can see Quiver Quantitative's $TME stock page to track data on insider trading, hedge fund activity, congressional trading, and more. Rece
Gaumont Posts Stable $172 Million Revenue for 2025 With Theatrical Business Up, but Big Losses Amid Animation Slowdown
Gaumont, the venerable French studio which recently turned 130, reported stable revenue at €150 million (€172 million) in 2025 but saw its losses soar by 153% to €19.5 million, challenged by declining library deals and showdown in animation commissions. But while its cinema business was down 23%, Gaumont saw its theatrical distribution activity skyrocket by …
Scientists revive activity in frozen mouse brains for the first time
A familiar trope in science fiction is the cryopreserved time traveller, their body deep-frozen in suspended animation, then thawed and reawakened in another decade or century with all of their mental...
Scientists revive activity in frozen mouse brains for the first time
‘Cryosleep’ remains the preserve of science fiction, but researchers are getting closer to restoring brain function after deep freezing
Fewer people ventured to Downtown and OTR last year, data shows
An Enquirer analysis of eight indicators shows economic activity took a hit in Cincinnati's urban core amid concerns about crime. What's next in 2026?
Gabriel Mecklenburg’s Share Sale And Conversion Reshape Hinge Health Valuation Story
Executive Chairman and Co Founder Gabriel Mecklenburg has completed a multi million dollar sale of Hinge Health (NYSE:HNGE) shares. The transaction also involved converting Class B shares into Class A shares, changing the mix of the company’s share classes. The move alters aspects of Hinge Health’s ownership and voting structure at a time when the stock is trading at $45.0. For you as an investor, this kind of insider activity can be an important signal to consider alongside the recent...
How often do people really fart? Scientists built smart underwear to find out
Researchers have created “Smart Underwear,” a wearable device that measures flatulence by detecting hydrogen produced by gut microbes. Early tests suggest people may pass gas about 32 times a day—much higher than previous estimates. The device gives scientists a new way to track gut microbial activity in everyday life. It will power a new nationwide study called the Human Flatus Atlas to map normal patterns of gas production.
Apple Grand Central retail store closed due to special activity [U]
Update 3/13: The event appears to be for a special performance. Alicia Keys is the rumor. There’s a pink piano...
ASU-led SPARCS mission achieves 'first light,' marking the start of its science operations in orbit
The Star-Planet Activity Research CubeSat, or SPARCS, has captured its first images of stars from space. This milestone marks the start of its science operations in orbit.Arizona State University leads the SPARCS mission, which is funded by NASA. It is the first CubeSat mission dedicated to long-term ultraviolet monitoring of nearby low-mass stars. These stars are the most common in our galaxy and often have Earth-sized, possibly habitable planets.
ICE is keeping tabs on American citizens
Immigration and Customs Enforcement has been using a variety of tools to keep tabs on not just immigrants the agency intends to deport but also U.S. citizens who publicly oppose the agency’s tactics. We discuss what that surveillance looks like and what the impact is for people whose activity the agency has tracked. This episode: voting correspondent Miles Parks, reporter Kat Lonsdorf, and power and influence reporter Jude Joffe-Block.This podcast was produced by Casey Morell and Bria Suggs, and edited by Rachel Baye.Our executive producer is Muthoni Muturi.Listen to every episode of the NPR Politics Podcast sponsor-free, unlock access to bonus episodes with more from the NPR Politics team, and support public media when you sign up for The NPR Politics Podcast+ at plus.npr.org/politics.
Short films made from brain activity of mice aim to show how they see world
Scientists hope results analysed after the mice watched video footage will help them understand their perceptions
Get a STEM lesson right at your door with Girls thINC Outside the Box
Girls Inc. of Metro Denver offers special Girls & Science edition of it's thINC Outside the Box activity.
Scientists may have discovered a brand-new mineral on Mars
Scientists studying Mars may have uncovered a brand-new mineral hidden in the planet’s ancient sulfate deposits. By combining laboratory experiments with orbital data, researchers identified an unusual iron sulfate—ferric hydroxysulfate—forming in layered deposits near the massive Valles Marineris canyon system. The mineral likely formed when sulfate-rich deposits left behind by ancient water were later heated by volcanic or geothermal activity, transforming their chemistry.
Health district begins mosquito surveillance 1 month early
The public is encouraged to “Fight the Bite” as conditions favor early mosquito activity.
Inactivity Restart security feature is reaching more Galaxy phones, including the S26
Samsung brings auto-reboot to more Galaxy phones, including the S26. Here’s how Inactivity Restart works and why it matters for your security.
Samsung phones add a handy new security trick
Samsung seems to have silently installed a new Inactivity restart feature on Galaxy phones. It’s available on the Galaxy S26 series, and users report that the security page inside Settings has added this toggle with the February 2026 patch. Inactivity restart is what Samsung calls this new security trick. It’s a kind of automation that […]
Scientists tracked faint signals from the stars — and may have turned up hundreds of undiscovered planets
A new study shows that stars with low magnetic activity are likely to support exoplanetary systems, making the hunt for these celestial objects less random.
Trump vows to escalate war as divisions in Iran emerge
The burst of activity over the weekend underscored that Trump’s unexpected war with Iran is continuing at full force with no sign of slowing.
Scientists discover a brain signal that may trigger autism’s domino effect
Researchers have uncovered a surprising molecular chain reaction in the brain that may play a role in some forms of autism. The study suggests that nitric oxide, a tiny signaling molecule normally involved in fine-tuning communication between brain cells, can sometimes trigger a cascade of changes inside neurons. When nitric oxide activity rises, it can alter a protective protein called TSC2, weakening an important cellular brake and allowing the mTOR pathway, which controls growth and protein production, to become overactive.
The Brains of Ultra-Powerful People Experience an Altered State of Reality, Research Suggests
“The neuroscience is pretty uncomfortable. People in positions of power show reduced activity in mirror neuron systems, the circuitry responsible for empathy and perspective-taking.” –Shonna Waters, PhD
How Mixed-Use Sports and Entertainment Districts Create Year-Round Economic Value
From stadium-anchored destinations to experience districts, successful mixed-use sports and entertainment developments are evolving into adaptable, community-centered places that deliver cultural relevance, financial performance, and economic activity every day.
New Castle County projects to watch, from housing to data centers
New Castle County will witness a flurry of development activity in 2026, with housing, retail and business projects on the horizon.
Man in apparent mental health crisis taken by ICE from hospital, transferred out of state
A 27-year-old man, who is a citizen of Mexico was taken by ICE agents from a hospital and out of state against the advice of medical professionals who diagnosed him with acute mental illness.
Brain activity that biases decision-making toward alcohol
This plot shows the correlation between anterior insula activity and biased decision-making to select alcohol over social rewards.
US manufacturing grows steadily in February, input prices surge
U.S. manufacturing activity expanded steadily in February, but a measure of prices paid by factories for inputs rose to the highest level in nearly 3-1/2 years, highlighting upside risks to inflation amid import tariffs even before a U.S.-led attack on Iran sent oil prices higher.
South African Factory Outlook Dims as Business Activity Softens
South African manufacturing sentiment soured slightly in February as business activity weakened and employment declined.
Scoria Cones on Earth and Mars
The hill-shaped features are a sign of explosive volcanic activity—a rarity on the Red Planet.
March could be the best month for the northern lights for nearly a decade — if the sun stays active
March 2026 could be the best month for the northern lights until the mid-2030s, as celestial mechanics and solar activity combine for potentially potent results.
Satellite images show Iranian warship burning after US, Israel strikes
New satellite imagery captures initial damage from the US and Israel's attack on Iran, including a burning warship and drone activity at air bases.
Your morning coffee could one day help fight cancer
Scientists at Texas A&M are turning an everyday pick-me-up into a high-tech medical switch. By combining caffeine with CRISPR gene editing, researchers have created a system that allows cells to be programmed in advance — and then activated simply by consuming a small dose of caffeine from coffee, chocolate, or soda. The approach, known as chemogenetics, lets scientists precisely turn gene-editing activity on and off inside targeted cells, including powerful immune T cells that can fight cancer.
Opinion | The Black Business Hub is another Madison success story
Paul Fanlund: The sleek, modern building on Madison’s South Park Street is now bubbling with activity.
Powerade Enters India as Official Sports Drink of the ICC Men's T20 World Cup 2026
Powerade, The Coca-Cola Company's iconic sports hydration brand, made its debut in India at one of the world's most significant sporting events, the ICC Men's T20 World Cup. Powerade's presence as the official sports drink of the tournament aims to reinforce Coca-Cola India's focus on expanding its portfolio with brands rooted in sport, activity and evolving lifestyles.
EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conference
EastGroup Properties, Inc. (NYSE: EGP) (the "Company", "we", "our", "us" or "EastGroup") announced today its recent business activity and participation in an upcoming conference.
Supply Chain Spotlight: How medical distributors and health systems stay ready for late-season flu surges
On Feb. 6, 2026, the Centers for Disease Control and Prevention (CDC) reported that flu activity was "elevated" across the U.S. The CDC estimates that since the current flu season began in October...
Sports Industry Faces Revenue Decline Due to Climate Impacts
Climate change and physical inactivity could cost the sports industry 18% of its annual revenue by 2050, according to the report.
Champions Blue backs year-round entertainment hub near Kroger Field
UK and Champions Blue are advancing a $110 million, three-phase plan for a fan-focused entertainment district and year-round activity around Kroger Field.
Mat Ishbia's United Wholesale Mortgage notches profitable year
The Pontiac-based mortgage lender saw a boost in mortgage refinancing activity in the later half of 2025.
Manipulating gene activity to reverse aging
By altering levels of molecules called transcription factors in mice, researchers were able to reverse some of the effects of aging.
Can solar storms trigger earthquakes? Scientists propose surprising link
Scientists have proposed a surprising connection between solar flares and earthquakes. When solar activity disturbs the ionosphere, it may generate electric fields that penetrate fragile fracture zones in Earth’s crust. If a fault is already critically stressed, this extra electrostatic pressure could help trigger a quake. The idea doesn’t claim direct causation, but it offers a fresh way to think about how space weather and seismic events might interact.
Scientists reveal how exercise protects the brain from Alzheimer’s
Exercise may sharpen the mind by repairing the brain’s protective shield. Researchers found that physical activity prompts the liver to release an enzyme that removes a harmful protein causing the blood-brain barrier to become leaky with age. In older mice, dialing down this protein reduced inflammation and improved memory. The discovery points to a surprising body-to-brain pathway that could inspire new Alzheimer’s therapies.
Eurozone Business Activity Picks Up Faster Than Expected
Private-sector activity in Europe expanded at a stronger pace than anticipated in February, driven by a rebound in industry.
Euro zone business activity improved in February as manufacturing bounced back, PMI shows
Euro zone business activity accelerated faster than forecast this month as manufacturing swung back to growth for the first time since October, though the dominant services sector marginally underperformed expectations, a survey showed.
Euro-Zone Business Activity Up on German Manufacturing Revival
Private-sector activity in the euro area surpassed expectations as manufacturers recorded their best performance since 2022 thanks to surprise growth in Germany.
French Business Activity Held Back by Manufacturing Dip
The contraction in French business activity eased this month but surprise weakness in the manufacturing sector weighed.
Japan Business Activity Strongest Since 2023 on Takaichi’s Push
Japan’s manufacturing activity stayed expansionary for a third month on the back of solid output, signaling firmer corporate sentiment as Prime Minister Sanae Takaichi prepares to promote her investment plans.
Watch Europe Economy: German Manufacturing Revival Boosts Euro-Zone Business Activity
Private-sector activity in the euro area surpassed expectations as manufacturers recorded their best performance since 2022 thanks to surprise growth in Germany. Bloomberg's Alex Weber reports.
SIX FLAGS ENTERTAINMENT ($FUN) Releases Q4 2025 Earnings
SIX FLAGS ENTERTAINMENT ($FUN) posted quarterly earnings results for Q4 2025 on Thursday, February 19th. The company reported earnings of -$0.91 per share, missing estimates of -$0.14 by $0.77. The company also reported revenue of $650,090,000, beating estimates of $609,083,378 by $41,006,622.You can see Quiver Quantitative's $FUN stock page to track data on insider trading, hedge fund activity, congressional trading, and more. Rec
2025 Full-Year results: Excellent financial performance reflecting the strengths of Nexans’ business model
2025 Full-Year results Excellent financial performance reflecting the strengths of Nexans’ business model Exceptional level of organic growth at +8.3% in 2025Strong Adjusted EBITDA margin increase at 11.9% of standard salesPortfolio rotation – Exclusive negotiations entered into for the sale of AutoelectricSolid balance sheet enabling to step-up M&A activityEntering 2026 with confidence with the full deployment of our Global Electrification Pure Player model Preliminary statement : In compliance
AI platforms can be abused for stealthy malware communication
AI assistants like Grok and Microsoft Copilot with web browsing and URL-fetching capabilities can be abused to intermediate command-and-control (C2) activity.
Texas Tech medical school cancels talk on health, ethical considerations in late-pregnancy abortions
University leaders declined to give a reason. Abortion opponents said the discussion would have promoted illegal activity, something advocates deny.
Business Restructuring Review
In This Issue: The Year in Bankruptcy: 2025 A brief chronicle of the year's notable developments in corporate bankruptcy and restructuring, including business bankruptcy filings, significant court rulings, and legislative developments. [read more …] U.S. Bankruptcy Court Denies Chapter 15 Recognition of Maltese Liquidation Absent Evidence of Meaningful Activities Supporting Finding of COMI or Establishment in Malta In In re Geden Holdings, Ltd., No. 25-90138, 2025 WL 2484883 (Bankr. S.D. Tex. Aug. 28, 2025), stay pending appeal denied, No. 25-90138, 2026 WL 97993 (Bankr. S.D. Tex. Jan. 13, 2026), the U.S. Bankruptcy Court for the Southern District of Texas ruled that, for purposes of recognition under chapter 15 of the Bankruptcy Code, although a foreign debtor may have had its center of main interests ("COMI") or an establishment in Malta when a liquidation proceeding was commenced for it in a Maltese court in 2017, the absence of any meaningful activity by the debtor's liquidator from that time until the liquidator filed a chapter 15 petition in the United States more than five years later meant that the debtor had neither a COMI nor an establishment in Malta on the chapter 15 petition date. The court accordingly denied the petition for recognition. [read more …] The Ninth Circuit's Expansive Reading of "Financial Accommodations" that Cannot Be Assumed or Assigned in Bankruptcy It is generally well understood that agreements to extend credit or provide financing to a debtor cannot be assumed or assigned in bankruptcy. Even so, the provision of the Bankruptcy Code that precludes assumption or assignment—section 365(c)(2)—also extends to "financial accommodations," a term that is not defined in the Bankruptcy Code and has been the subject of relatively few bankruptcy and appellate court rulings. The U.S. Court of Appeals for the Ninth Circuit examined the meaning of the term in In re Svenhard's Swedish Bakery, 154 F.4th 1100 (9th Cir. 2025). The court of appeals ruled that a deeply discounted settlement of pension plan withdrawal liability is a "financial accommodation" that cannot be assumed or assigned, thereby extending the reach of section 365(c)(2) well beyond conventional lending arrangements. [read more …] Pennsylvania District Court Applies "Hypothetical Test" in Determining that Patent License Agreement Is Assignable in Bankruptcy In Crivella Holdings Ltd. v. Mesearch Media Technologies Ltd., No. 2:25-cv-333, 2025 WL 2443400 (W.D. Pa. Aug. 25, 2025), the U.S. District Court for the Western District of Pennsylvania affirmed a bankruptcy court ruling denying a software licensor's motion for relief from the automatic stay to terminate the license agreement. The court found the license was assumable in bankruptcy under the Third Circuit's hypothetical test as a result of language in the agreement stating that it could be assigned to a "successor in interest" of the debtor without the licensor's further consent, thereby overriding federal patent law's general prohibition against the assignment of patents. [read more …] New York Bankruptcy Court Denies Motion to Terminate Chapter 15 Recognition and Dismiss Chapter 15 Case In In re Oi S.A., No. 23-10193 (LGB), 2025 WL 2806591 (Bankr. S.D.N.Y. Oct. 1, 2025), the U.S. Bankruptcy Court for the Southern District of New York considered whether chapter 15 recognition of a debtor's Brazilian restructuring proceeding should be terminated and the case dismissed due to the debtors' financial deterioration and inability to satisfy its restructuring plan obligations after entry of the recognition order. The court denied the motion, concluding that recognition of the Brazilian proceeding and a court-approved restructuring plan for the debtors should not be terminated under section 1519(d) of the Bankruptcy Code—according to the court, the sole authority for revocation of chapter 15 recognition—because, among other things, the restructuring proceeding was still pending, the debtors might still need relief authorized under chapter 15, and the debtors' prospects for reorganizing under a hypothetical chapter 11 case were uncertain at best. It also found that no provision of the Bankruptcy Code authorizes the dismissal of a chapter 15 case. [read more …] Newsworthy Effective January 1, 2026, Jones Day welcomed Isel M. Perez (Miami), Andrew M. Butler (New York), Sid Pepels (Amsterdam), and Anna C. Bretting (Munich) to the partnership in the Business Restructuring & Reorganization Practice. Sid Pepels (Amsterdam) has been nominated for the Future Leader Award by the Global Restructuring Review, an organization that acknowledges and honors excellence within the global restructuring and insolvency sector. This award is designed to recognize exceptional contributions made by both individuals and firms in the field. The 2026 edition of Chambers UK recognized Ben Larkin (London) in the practice area Restructuring/Insolvency and Adam R. Brown (London) in the practice area Restructuring/Insolvency: Litigation. The 2026 edition of Chambers Asia-Pacific ranked Roger Dobson (Sydney) in the practice area Restructuring/Insolvency. An article written by Corinne Ball (New York) titled "Backstop Fees for Lenders in Chapter 11 Plans: Absent Market Test, Equality of Treatment Now Required in Fifth Circuit After 'ConvergeOne'" was published on November 12, 2025, in the New York Law Journal. An article written by Oliver S. Zeltner (Houston) titled "Delaware Bankruptcy Court: No Legal Authority for Chapter 11 Plan Gatekeeping Provision" was published on November 20, 2025, by Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) titled "First Impressions: Eleventh Circuit Rules that Annulment of Automatic Stay Does Not Violate U.S. Supreme Court's Prohibition of Nunc Pro Tunc Orders" was published on November 21, 2025, by Lexis Practical Guidance. An article written by Genna Ghaul (New York) titled "Iowa District Court: Avoidance Claims Cannot Be Encumbered by Pre-Bankruptcy Liens" was published on November 20, 2025, by Lexis Practical Guidance. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), David S. Torborg (Washington), and Ben Rosenblum (New York) titled "New York Bankruptcy Court Rejects Challenge to Barnet Rule Permitting Foreign Debtors to Obtain Chapter 15 Recognition With Only Minimal U.S. Assets" was published on November 21, 2025, by Lexis Practical Guidance. The M&A Advisor has recognized the Silvergate Capital Corporation Bankruptcy case as the Chapter 11 Reorganization of the Year (over $5 billion) during its 20th Annual Turnaround Awards. Jones Day is listed among the professionals for the representation of Exploration Capital, which was led by Joshua M. Mester (Los Angeles). Lawyer Spotlight: Sid Pepels Sid Pepels, a partner in Jones Day's Amsterdam Office, litigates and advises clients on commercial and international insolvency matters, with a focus on complex restructurings and insolvencies. He has advised and litigated high-profile cases, including: the cross-border WHOA (Wet Homologatie Onderhands Akkoord) proceedings concerning Vroon Group and Diebold Nixdorf; proceedings on behalf of expropriated SNS Reaal bond holders against the Dutch State; the bankruptcy of Intertoys, the leading Dutch toys retailer; the restructuring of Oi, the Dutch finance vehicle of the Brazilian telecom giant; and Blokker, the leading Dutch home appliances retailer. Sid holds a Ph.D. in European insolvency law and regularly publishes in academic journals on topics of cross-border insolvency. He has been recognized in The Legal 500 Netherlands and was noted by his peers for being client-minded and a creative thinker with a "strong grasp of the law and strong interpersonal skills." Sid was also nominated for the "Future Leader" award at the Global Restructuring Review Awards 2025. He is a board member for the Netherlands Association for Comparative and International Insolvency Law and a NextGen member of the International Insolvency Institute.
Scientists discover recent tectonic activity on the moon
Scientists have produced the first global map and analysis of small mare ridges (SMRs) on the moon, a characteristic geological feature of tectonic activity. Published in The Planetary Science Journal ...
Private equity activity ‘steady’ in 2025, with a dozen-plus deals in diagnostic imaging
The Private Equity Stakeholder Project estimates there were 1,029 such transactions across the entire healthcare sector last year.
Immigrant-owned businesses in Minneapolis face closure amid ICE fear
Immigrant‑owned businesses in Minneapolis are seeing sharp drops in customers as fear tied to recent ICE activity keeps people away, and some are now closing their doors. A local economist says the impact could be felt for a long time.
Mayor Mamdani launches $1M Coney Island Business Improvement District
The city says a new BID will boost sanitation, marketing and economic activity before summer 2026.
Immigration raids driving steep business declines in LA immigrant neighborhoods, report finds
According to the report, the 10 ZIP codes most affected by ICE activity span from the San Fernando Valley to Pico Rivera and Huntington Park.
Why some kids struggle with math even when they try hard
A new Stanford study suggests math struggles may be about more than numbers. Children who had difficulty with math were less likely to adjust their thinking after making mistakes during number comparison tasks. Brain imaging showed weaker activity in regions that help monitor errors and guide behavioral changes. These brain patterns could predict which children were more likely to struggle.
Scientists find nerves actively fuel pancreatic cancer
Scientists have uncovered a hidden partnership between pancreatic cancer and the nervous system. Support cells in the pancreas lure nerve fibers, which then release signals that accelerate early cancer growth. This creates a self-sustaining loop that helps tumors take hold. Blocking the nerve activity significantly reduced tumor growth in experiments, suggesting a new treatment strategy.
Daytona 500 weekend drawing big crowds to local businesses
Local businesses in Daytona Beach are experiencing a significant boost in activity and revenue as crowds gather for the Daytona 500 weekend.
Valentine's Day rush boosts business at Rochester's Stever's Candies
ROCHESTER, N.Y. — Valentine’s Day brings love and a flurry of activity to local businesses in Rochester. Stever’s Candies on Park Avenue is no exception. News10NBC’s Declan Stablow visited the shop to see how the holiday impacts business. Kevin Brocht, manager of Stever’s Candies, shared that Valentine’s Day is one of their busiest times of […]
Scientists used brain stimulation to make people more generous
A new study suggests that generosity may be more than a moral lesson—it could be shaped by how different parts of the brain work together. By gently stimulating two brain regions and syncing their activity, researchers found that people became more willing to share money with others, even when it meant earning less themselves.
Local businesses say fears of ICE activity are driving away workers and customers
Retailers and restaurants in East Los Angeles say fears over potential immigration enforcement are dampening what should be a busy Valentine's Day weekend.
Scientists Propose Surprising Link Between Space Weather and Earthquakes
A new theoretical study explores how activity high above Earth could subtly influence processes deep within the planet’s crust. Researchers at Kyoto University are advancing a new idea about how space weather might intersect with earthquake physics. Their model asks whether changes in the ionosph
CSRA Children’s Weekend Business Sign-Up
We’re inviting family-friendly businesses across the CSRA — including activity centers, restaurants, museums, entertainment venues, retail shops and more to join us for a weekend dedicated to fun for ...
Chicago business activity growing for first time since November 2023
Chicago employment situation improves after hitting lowest level since 2009 in December 2025.
Chang’e-6 lunar samples reveal a giant impact reshaped the Moon’s interior
A colossal ancient impact may have reshaped the Moon far more deeply than scientists once realized. By analyzing rare lunar rocks brought back by China’s Chang’e-6 mission from the Moon’s largest crater, researchers found unusual chemical fingerprints pointing to extreme heat and material loss caused by a giant impact. The collision likely stripped away volatile elements, reshaped volcanic activity, and left a lasting chemical signature deep below the surface.
That dry, bitter taste may be waking up your brain
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I created a Black-owned business directory — ICE forced me to remove it
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Investment and Statecraft: The International Politics of Sovereign Wealth Funds - Georgetown Journal of International Affairs
In 1953, Kuwait established the world’s first sovereign wealth fund to invest the country’s oil revenues and generate returns that would reduce its reliance on a single resource. Since then, over 100 separate funds have been created to preserve national wealth and ensure long-term fiscal sustainability. Today, they manage over $10 trillion in global assets. In this discussion with GJIA, political economist Kathryn Lavelle explains the increasingly novel dynamics that surround fund behavior and what the world can come to expect from their growing presence in international financial markets. GJIA: When it comes to the roles sovereign wealth funds (SWFs) play in global markets and politics, what would you say makes them unique? Kathryn Lavelle: Sovereign wealth funds (SWFs) operate on behalf of governments as investors. That in itself is a strange relationship. Within them, a core contest takes place between the state’s interests (or sovereign) part of the dynamic, and the money interests (or wealth) part of it, and these two aspects are frequently in contradiction, serving fundamentally different goals. SWFs are also quite fascinating because when you talk to the people who manage these funds, they have an interest in convincing you that the decisions are made almost exclusively on a financial basis—they really will go to great lengths to differentiate their government owners and those who make the management decisions. At the same time, these people ultimately answer to someone in power. Therefore, for most SWFs, it remains deeply unclear who is actually making the investment decisions and for what purposes. Of course, it is not always clear how other vehicles, such as hedge funds and private equity make the decisions they do, but I think what a lot of people find particularly disconcerting about SWFs is that they seem to act on behalf of people who have a different identity from their own. People who could be trying to manipulate politics and markets in a way that would have a long-term effect on their own populations. Regular investors come and go at will, and they only share an interest in profit as far as most of us understand. However, SWFs have that extra “sovereign” part right behind them that obscures their true interest. GJIA: These funds can be found in countries all across the globe, in both authoritarian states and democracies. Would you say SWFs differ in their goals and structures between regime-type? KL: It is not necessarily regime type that makes the goals and structures of SWFs different. It has to do with their economies. Let’s look at a country like China. There’s going to be a debate about exactly how to characterize the regime, but it is a country with many different kinds of sovereign wealth funds, and a particularly opaque state connection to each. At one time, some of the state-owned Chinese oil companies created specialized investment vehicles listed outside Chinese markets that excluded parts of the firms that were more associated with human rights violations. At the same time, the China Investment Corporation (CIC)—China’s largest SWF—draws a lot of concern, not necessarily because of its investment activities, but because of the dynamics of global politics. So, I wouldn’t really tie differences to regime types themselves in a wholesale way, but rather to how such funds are perceived and how they are structured. Saudi Arabia’s SWF is getting all kinds of attention for its involvement in Hollywood, and this takes me right back to when I was a student in the 1980s, when people were concerned about Japanese investment entities buying assets in Hollywood. They aren’t quite the same in financial terms, but it’s the same kind of concern about foreign investment that drives people to be suspicious, and the whole idea that “foreigners are influencing Hollywood.” This holds true across industries, and it reflects where politics are in places like the United States right now. One metric we can try to look at is transparency, where all the funds will tell you, “we are transparent.” The problem you’ll keep running into with this approach is how you value things. When trying to do comparative studies of equity markets, you’ll find that every country doesn’t use Generally Accepted Accounting Principles like we do in the United States. A fund may appear opaque politically and not want people to show what they’re invested in or what their intent with that investment is, but they could also just not be able to report it because of the way it was purchased, or the kinds of shares they purchased. There are some assets out there that really are difficult to put a monetary value on. GJIA: To what extent do domestic politics shape SWF behavior in both the investing “home” country and the recipient “host” country? KL: This depends on the type of fund present and also on the extent to which voters’ political views are able to influence the fund. For example, in a democratic home state like Norway, the SWF doesn’t invest in nuclear weapons or tobacco because of social concerns, but there is a continuing debate over whether it should invest in oil, even though that’s where most of the money comes from. The degree to which Norway will continue to make those investments, and whether they contradict the government’s overall climate goals, is an open question in Norwegian politics. Because of the way the fund’s governance is structured, it may not be easy to resolve. On the other hand, some people consider pension funds, like the State Teachers Retirement System (STRS) in Ohio, to be quasi-SWF. They have a very strict separation between the people who make up the management division and the fund owners. No teacher or professor would want to invest in things that may harm the future of their students. At the same time, a fund manager might see an opportunity in a diversified multinational corporation that offers a good return, despite it deriving part of its revenue from e-cigarettes. These contests are very apparent. Domestic politics can work in host countries too. A good example is Singapore’s SWF, Temasek, investing in Thailand’s telecommunications sector. If you study political economy, you already know that countries everywhere are uncomfortable with foreign ownership of their telecom sectors because a foreign entity could monitor or manipulate our communications with each other. In the case of Temasek, there was significant pushback from Thai citizens surrounding the deal, which went on to influence national political sentiment toward Singapore as a whole, underscoring the risks some SWFs may face with their investment choices. In this case, fund behavior led to the dissolution of the entire Thai government in 2006 and a subsequent coup d’état. GJIA: To address some of this unease, the Santiago Principles were established in 2009 to ostensibly promote trust and transparency. From your perspective, have these mechanisms actually changed fund behavior? KL: In international relations theory, we always like to have a clear set of norms and best practices—the orientation we want the proverbial ship to be going in. In that regard, the Santiago Principles at least got the discussion going about which direction SWFs should take at a time when people were very skittish about the growing size of these funds. Nobody wanted them to be out there and potentially destabilizing economies, so talks about disclosure, conditions for withdrawal, and the independence of managers were helpful when initiated. The biggest stumbling block was that there wasn’t exactly a good way to measure compliance with the Principles, let alone how to hold funds to them. If you read the Principles, they’re overall quite vague. In general, a fund doesn’t want to reveal how and why they make certain investment decisions because that information is proprietary—a fund makes money off of how and why it makes decisions—so how do you reconcile that with loosely-defined ideas of openness? Some decisions might have a political purpose. The bottom line is that trying to figure out and assign a score to compliance is not easy, and it is therefore the reason why the Santiago Principles never really got off the ground to the point where they could truly direct fund behavior. GJIA: Many emerging markets are looking to build their own SWFs from mineral and oil revenues. Historically, have funds shaped development trajectories in these countries? KL: I think the big story in international emerging markets investment is that the investment is increasingly no longer unidirectional. In the past multinational corporations of primarily Western background were the main form of foreign direct investment in a country. That has changed dramatically, to the point where you have companies from so-called “developing countries” taking over companies in the United States. Therefore, the landscape of international investment has changed, and I think SWFs are certainly a possibility to be the next step in the game. Historically, you didn’t need an entire financial vehicle to reinvest commodity revenues in your country, but as emerging markets get more financially sophisticated, their capacity to operate such funds has increased. SWFs would allow treasuries to move from relying on holding foreign exchange assets like cash or government bonds to having broader financial markets and targeted growth areas, while easing pressure on welfare expenditures. GJIA: With their increasing financial weight, do you see the presence of SWFs being a factor in the political choices leaders will have to make with regard to domestic and foreign policy? KL: It will depend on just how big the funds get. One of the reasons people are already apprehensive is because of their scale, and if certain SWFs in certain countries achieve a large-enough size, the presence will absolutely be cause for concern. The other factor political leaders will have to consider are their objectives. It’s not always clear how to define a SWF, or even where its activity is concentrated, but it is certainly a worry from the perspective of national security of opaque external investment. More than that, I think one of the most interesting questions going forward is whether the United States, the home to the world’s largest financial markets, will develop its own fund, for which the Trump administration announced a plan. There have also been several proposals in Congress. Were it to come into being, it would have tremendous weight. At the same time, one of the hallmarks of U.S. capitalism is a lack of government ownership of shares, so it would not be clear how such a fund would be received in domestic politics, or which direction it would take. Given how politically fragmented the country is, a Democratic administration would likely be concerned about different sectors of the economy, such as healthcare, and want investment there, rather than a Republican administration, which might prefer defense industries. No investment vehicle could thrive under conditions of such instability. Moreover, it remains unclear where the money to fund a theoretical U.S. SWF would come from. It would be a fundamentally different entity depending on whether it is financed with debt, economic surplus, commodities, or the sale of state companies, as in the case of Singapore. If it is debt, or government borrowing of some form, then the fund would have to outperform whatever the cost of that debt is, which is not an easy thing to do. I think our political leaders have enough on their plate. Our system has worked well keeping political and investment functions generally separate. We have seen different forms of business rise and fall, and even the perception of different countries, all of which funds are tied to. Unless a major SWF either starts—like in the case of the United States—or collapses—an issue that concerns the Saudis, I don’t see any political tsunamis on the horizon. . . . Kathryn Lavelle is the Ellen and Dixon Long Professor of World Affairs at Case Western Reserve University in Cleveland, Ohio. Her research explores the exchange between domestic and international and political institutions with a particular emphasis on political economy and multilateralism. Dr. Lavelle’s first book, The Politics of Equity Finance in Emerging Markets, explored the political circumstances that surround large issues of stock in the developing world. After being granted tenure at Case Western, she was awarded an American Political Science Association Congressional Fellowship and named the William A. Steiger fellow, a designation given to the most promising political scientist in her class of fellows. While in Washington during 2006-2007, she worked on the staff of the House Committee on Financial Services on issues related to domestic and international monetary policy. Dr. Lavelle holds a PhD in political science from Northwestern University; an M.A. in government and foreign affairs from the University of Virginia; and a bachelor’s degree in international economics from Georgetown University. She is a permanent member of the New York Council on Foreign Relations. This transcript has been lightly edited for clarity and length. Interview conducted by Sid Mehrotra. Image Credit: Jason Leung, Unsplash Content Licenses, via Unsplash
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