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The Rubio-Vance Iran dynamic: From the Politics Desk

Plus, Trump leaves the door open to acquiring Iranian oil.

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Mar 9 • 5:16 PM EDT • Politics • nbcnews.com
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Sony is reportedly running a dynamic A/B pricing experiment on PlayStation Store

Sony is seemingly testing dynamic A/B pricing on the PlayStation Store.

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Mar 9 • 1:59 PM EDT • Technology • gamesindustry.biz
'This Should Be Illegal': PS5's Dynamic Pricing Roundly Criticised by Disgusted Sony Fans

"That is f***in' dirty"

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Mar 9 • 10:00 AM EDT • Technology • pushsquare.com
This Cheetah Hits the Brakes Inches from a Human (And the Science Explains Why)

Conservation in Namibia, Africa, has an orphaned cheetah who lives with them because his mother was shot when he was just a...

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Mar 9 • 8:02 AM EDT • Science • a-z-animals.com
Sony is testing dynamic pricing on the PlayStation Store

Users in certain regions are being offered personalised discounts of up to 17%

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Mar 9 • 7:51 AM EDT • Technology • videogameschronicle.com
Sony seems to be testing dynamic pricing for digital games, but you shouldn't start panicking yet

It appears that Sony has been quietly testing a new dynamic pricing model for games sold on the PlayStation Store.

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Mar 9 • 6:47 AM EDT • Technology • eurogamer.net
Patterns like A2UI lessen dependency on user interface and complement the dynamic nature of business.

Patterns like A2UI lessen dependency on user interface and complement the dynamic nature of business.

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Mar 8 • 1:00 PM EDT • Technology • venturebeat.com
Millions of jobs vulnerable as ‘silver tsunami’ looms over US small businesses, experts warn

Nearly half of U.S. small-business owners are 55 or older, and with many lacking succession plans, jobs and local economies could face disruptions in the coming decade, experts warn.

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Mar 8 • 5:30 AM EDT • Business • foxbusiness.com
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Women in Science: Alice Schlichtiger on Leadership, Mass Spectrometry, and Impact

In this interview, Dr. Alice Schlichtiger discusses her journey from academia to industry and shares her advice on building a successful career in science.

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Mar 7 • 7:00 PM EST • Science • technologynetworks.com
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Sony appears to be testing dynamic pricing on PlayStation games

Same game. Different prices.

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Mar 7 • 12:52 PM EST • Technology • theverge.com
Some PS5 Users Really Are Paying More for Their Games on PS Store Than Others

Sony's still testing out dynamic pricing

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Mar 6 • 11:00 AM EST • Technology • pushsquare.com
Tropical Shipping Gift Supports Supply Chain Management Program at FAU

Florida Atlantic University’s College of Business and Tropical Shipping recently celebrated the naming of the Tropical Shipping Study Room at the Schmidt Family Complex, Boca Raton campus.

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Mar 6 • 7:00 AM EST • Business • fau.edu
Tsunami Sushi owners file for bankruptcy, pledge to keep restaurants open

The company is pledging to remain open through the process.

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Mar 5 • 11:47 AM EST • Business • nola.com
3L Kevin Afiesh Learns to Translate Legal Risk Into Business Strategy as FinTech Extern  - UC Law San Francisco (Formerly UC Hastings)

3L Kevin Afiesh strengthened his corporate and fintech skillset through an externship at Plaid, gaining real-world experience at the intersection of technology and financial services. 3L student Kevin Afiesh shares how UC Law San Francisco’s Corporate Counsel Externship provided immersive, practice-ready training inside Plaid’s in-house legal department. Reviewed and analyzed technology-focused agreements, including emerging AI provisions and liability terms Explored financial services regulation and data governance within a growth-stage company Learned how internal legal teams shape product, partnership, and compliance planning 3L student Kevin Afiesh: During my externship at Plaid, I worked with the in-house legal team supporting a rapidly growing company at the intersection of technology and financial services. My work focused primarily on corporate, commercial, and intellectual property matters. I helped review and analyze vendor and partnership agreements, paying close attention to emerging artificial intelligence-related provisions and risk allocation terms. I also investigated regulatory and compliance issues involving financial services and data governance, and I researched intellectual property litigation relevant to fintech companies. This work supported legal risk assessment to guide strategic decision making. I learned firsthand how an in-house legal team operates in a highly regulated, innovation-driven environment, where legal analysis is closely integrated with business decision making. I saw how attorneys balance legal risk with commercial priorities and how their advice shapes contracting, compliance, and intellectual property strategy. It reinforced that effective in-house lawyers need to understand both the law and the operational realities of the business. The experience also strengthened my ability to communicate complex legal concepts clearly to non-lawyers and to provide advice that is precise, practical, and commercially aware. Throughout my academic and professional journey, I’ve worked with technology companies at different stages. Plaid added a distinct perspective within the tech ecosystem, showing me how a growth-stage fintech company approaches regulatory complexity, innovation, and risk tolerance. This sharpened my ability to adapt to clients with different structures, priorities, and compliance needs. As I prepare to practice corporate law in the technology industry, this exposure has strengthened my ability to align legal advice with a company’s stage of growth, strategic objectives, and internal dynamics. I would absolutely recommend the Corporate Counsel Externship Program. Working directly with an in-house legal team provided a meaningful sense of day-to-day practice inside a technology company, and the attorneys at Plaid were generous with their time and mentorship. The classroom component was equally valuable. Professors Nira Geevargis and Scott Darling created a thoughtful environment where we reflected on our experiences, discussed real-world challenges, and developed practical skills that complemented our fieldwork. More broadly, UC Law San Francisco’s location offers a clear advantage for students interested in technology, corporate practice, and public-interest work. Proximity to courts, law firms, and innovative companies — combined with programs like the Corporate Counsel Externship and an extensive Bay Area alumni network — make it a strong option for students who want to build their careers in the region. The Evidence of Success series highlights UC Law SF students as they share how the college’s opportunities equip them with the experience, skills, and confidence to excel in the legal profession.

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Mar 5 • 11:00 AM EST • Business • uclawsf.edu
Seattle business community reacts to Starbucks' Tennessee expansion

Starbucks plans a Nashville office, stirring reactions from Seattle's business community about its impact on local dynamics.

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Mar 4 • 8:34 PM EST • Business • mynorthwest.com
Tennessee Titans, Vanderbilt Health announce partnership, naming rights deal

The Tennessee Titans and Vanderbilt Health have announced they're entering into a new partnership for naming rights and healthcare services as the Titans move into a new Nissan Stadium.

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Mar 2 • 8:01 AM EST • Health • tennessean.com
Konami Digital Entertainment Confirmed as a global sponsor for the 2026 WORLD BASEBALL CLASSIC™, continuing from the previous tournament! | KONAMI DIGITAL ENTERTAINMENT B.V.

WINDSOR, UNITED KINGDOM – March 2nd, 2026 – Konami Digital Entertainment, B.V. …

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Mar 2 • 5:00 AM EST • Entertainment • konami.com
Iran after 48 hours: Tactical success, strategic uncertainty

During a crisis like what is now unfolding in the Middle East, a president receives a net assessment prepared from intelligence and military sources. It might evaluate the balance of forces, leadership dynamics and strategic calculations — without making policy recommendations. Its purpose is clarity: a baseline from which decisions can be made.

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Mar 2 • 12:00 AM EST • Politics • cnn.com
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Global webinar on core public health capacities to conduct ship inspections and issue ship sanitation certificates

Ships cross borders every day, connecting countries and serving as a backbone of the global economy. However, outbreaks onboard can disrupt maritime traffic, leading to significant economic and operational negative consequences. Without strong public health capacities to detect, prevent, and respond to public health risks on board ships, maritime travel can also become a pathway for the spread of infectious diseases. To support countries in strengthening these capacities, the World Health Organization (WHO) convened a two-day webinar on 11–12 February, bringing together more than 700 ship inspectors, port health officers, and public health authorities, primarily from the African, Eastern Mediterranean, and European Regions. The webinar came at a pivotal time. With the amended International Health Regulations entering into force on 19 September 2025, the need to focus on public health preparedness has never been greater. Strengthening public health capacities at borders, including onboard conveyances, is a cornerstone of global health security and central to the amended IHR.“The high level of attendance and active participation throughout the two days of the webinar highlighted the growing demand for technical guidance and capacity-building support in ship inspection and issuance of ship sanitation certificates”, said Dr Ninglan Wang, Head of the Borders, Mass Gatherings and Health Protection Measures (BMM) Unit at the Health Emergency Preparedness Department at WHO headquarters. “The dynamic interactions among experts and countries underscored the value of continued cross-border collaboration in the maritime sector and knowledge exchange in this area”. Conducting regular public health inspections on board ships for the issuance of ship sanitation certificates (SSCs) in accordance with the IHR requirements is crucial for ensuring that ships meet specific health standards, thereby minimizing the risk of the international spread of diseases via maritime traffic. These certificates, mandated by the IHR, require ports to have trained personnel who can identify and control public health risks on board vessels and apply recommended control measures. This standardized global procedure not only ensures compliance with the IHR but also promotes consistency in health practices across ports worldwide. SSCs are the globally-recognized tool used to prevent and control known public health risks on ships, providing a common way to register and communicate public health events and measures taken on board between all stakeholders involved in this process, including public health authorities in ports and ship operators. Only SSCs issued by ports authorized by national authorities to issue such certificates are considered valid. As per the IHR, all States Parties are required to send to WHO their list of authorized ports (available here) and to keep it updated. However, many Member States continue to face practical challenges, such as limited resources, high staff turnover, and competing priorities. These realities underscore the value of platforms such as this webinar, which foster collective learning, peer-to-peer exchange, and practical solutions to help countries build and sustain the capacities required under the IHR.Over the two days, participants engaged in presentations and discussions covering a wide range of technical and operational topics, such as the overarching international legal framework governing ship sanitation; considerations for pre-inspection planning; risk assessment factors by type of vessel; the completion and issuance of SSCs and evidence report forms; or practical insights on the inspection of various technical areas, such as food safety, medical facilities, water systems, or vector control, among others. In addition, public health authorities from the Netherlands, Morocco, and Tanzania shared case studies to showcase their practical application of these IHR requirements in their respective countries. Given its success, WHO plans to replicate similar sessions in the future to reach additional time zones and regions and cover other pressing border health-related topics, ensuring that Member States can continue benefiting from these opportunities to share knowledge and expertise.

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Mar 1 • 7:00 PM EST • Health • who.int
Massive asteroid impact 6.3 million years ago left giant glass field in Brazil

For the first time ever, scientists have uncovered a vast field of tektites in Brazil — mysterious glassy fragments forged when a powerful extraterrestrial object slammed into Earth about 6.3 million years ago. Named “geraisites” after Minas Gerais, where they were first found, these dark, aerodynamic droplets of natural glass stretch across more than 900 kilometers and may mark one of South America’s most significant ancient impact events.

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Mar 1 • 7:00 AM EST • Science • sciencedaily.com
Why older whale dads are now winning the mating game

A new study sheds light on the illuminating, sometimes counterintuitive dynamics of mating and how species survive.

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Feb 28 • 9:00 AM EST • Science • detroitnews.com
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Pioneering AI for Science: Why UT is a Digital Twin Powerhouse

After more than a decade of advances in AI, mathematics and supercomputing, UT is shaping the future of digital twins — bringing together researchers across campus to deploy physics‑informed, AI‑powered models for energy, healthcare, national security and natural hazard mitigation.

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Feb 27 • 1:04 PM EST • Science • news.utexas.edu
Two More Studio Display 2 Upgrades Leaked in New Report

Macworld's Filipe Espósito today again reported that Apple appears to be developing two new Studio Display models with different specs. Based on lines of code in "internal Apple files," which likely refers to a macOS Tahoe Kernel Debug Kit that leaked online last year, Espósito continues to believe that both of the new Studio Display models will feature ProMotion, enabling up to a 120Hz refresh rate, as well as HDR support for increased brightness and dynamic range.

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Feb 27 • 10:19 AM EST • Technology • macrumors.com
Vast web of cold gas observed at the heart of the Milky Way

Using the Chile-based ALMA telescope, the researchers examined the dynamics and chemistry of a central region.

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Feb 27 • 10:07 AM EST • Science • detroitnews.com
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Bethesda Is Quietly Rebuilding Fallout 76's Foundation With The Backwoods | Preview

A new structure separates solo friendly content from multiplayer public events while adding dynamic encounters to keep runs unpredictable.

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Feb 27 • 10:00 AM EST • Technology • mmorpg.com
The End of Language As We Know It? Scientists Challenge 60 Years of Linguistic Research

An international team proposes replacing Hockett’s feature checklist with a model of language as a dynamic, multimodal, and socially evolving system.

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Feb 26 • 1:13 PM EST • Science • scitechdaily.com
Rethinking Strategy in a Hyperpolitical World

In an era of intensifying polarization, the boundary between business and politics has effectively vanished, rendering political and ethical dynamics as no longer peripheral risks but central strategic variables. This interview with Martin Reeves, author and managing director and senior partner at Boston Consulting Group, examines how leaders who embed pragmatic political thinking into their strategy will be better positioned to safeguard long-term value.

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Feb 26 • 8:15 AM EST • Business • hbr.org
Rethinking Strategy in a Hyperpolitical World

In an era of intensifying polarization, the boundary between business and politics has effectively vanished, rendering political and ethical dynamics as no longer peripheral risks but central strategic variables. This interview with Martin Reeves, author and managing director and senior partner at Boston Consulting Group, examines how leaders who embed pragmatic political thinking into their strategy will be better positioned to safeguard long-term value.

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Feb 26 • 8:15 AM EST • Politics • hbr.org
Marvel Maximum Collection Revives Six Classic Superhero Titles On Switch

Limited Run teams up with Marvel and Konami

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Feb 25 • 7:35 PM EST • Technology • nintendolife.com
US tariff rate to hit 15% or more for some nations, USTR says

The U.S. tariff rate for some countries will go up to 15% or higher from the newly-imposed 10%, U.S. Trade Representative Jamieson Greer said on Wednesday, without naming any specific trading partners or other details.

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Feb 25 • 8:11 AM EST • Business • reuters.com
NSF–DOE Vera C. Rubin Observatory Launches Real-Time Discovery Machine for Monitoring the Night Sky

NSF–DOE Rubin Observatory has issued its first scientific alerts, marking a historic milestone in astrophysics. Expected to increase to seven million alerts per night, these first alerts start a new era of dynamic, real-time observation of the night sky.

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Feb 25 • 2:00 AM EST • Science • rubinobservatory.org
iPhone 18 Pro and Pro Max Expected to Feature Smaller Dynamic Island

The iPhone 18 Pro and Pro Max will have a smaller Dynamic Island, according to Bloomberg. Over the past year, there have been mixed rumors about whether the iPhone 18 Pro models will continue to feature a Dynamic Island or have a hole punch camera with under screen Face ID and no Dynamic Island, but the latest information suggests we're not getting rid of the Dynamic Island just yet.

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Feb 24 • 4:49 PM EST • Technology • macrumors.com
New M6 MacBook Pro details revealed, including Dynamic Island, touch, more

Apple has its first touchscreen-equipped Mac coming later this year: the M6 MacBook Pro. A new report offers fresh details on what to expect.

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Feb 24 • 4:38 PM EST • Technology • 9to5mac.com
Touchscreen OLED MacBook Pro Coming in 2026 With Dynamic Island and Redesigned macOS Controls

The rumored touchscreen OLED MacBook Pro that Apple has in development will adopt the iPhone's Dynamic Island and a hole-punch camera, reports Bloomberg. The Dynamic Island will replace the notch, leaving more available screen space for content. As with the iPhone's Dynamic Island, the Mac Dynamic Island will be interactive and it will contextually expand based on the app or Mac feature in use. Apple is updating macOS to make it more touch friendly.

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Feb 24 • 4:23 PM EST • Technology • macrumors.com
Apple’s Touch-Screen MacBook Pro to Have Dynamic Island, New Interface

Apple Inc.’s long-awaited foray into touch-screen laptops will bring major changes to the Mac interface, including the addition of the iPhone’s Dynamic Island feature, according to people familiar with the matter.

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Feb 24 • 3:54 PM EST • Technology • bloomberg.com
New Volunteer Data from 143 Observatories Unveils the 2024 Total Solar Eclipse

On April 8, 2024, volunteers participating in NASA’s Eclipse Megamovie citizen science project all around the United States hurried to photograph the solar eclipse with the latest, greatest equipment, capturing groundbreaking images of the Sun’s corona.

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Feb 24 • 2:48 PM EST • Science • science.nasa.gov
NASA spots Florida’s ocean waters changing color

Similar fluid dynamics can be seen in dust storms on Mars.

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Feb 23 • 2:00 PM EST • Science • popsci.com
New Community Space for Cosmic Pathfinders Program

Follow the link here to join: https://discord.gg/DsDq5UX8TJ

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Feb 23 • 11:34 AM EST • Science • science.nasa.gov
10 Of The Least Aerodynamic Cars Ever Made

Some cars slice the air. These legendary bricks fight it, from vintage icons to modern track monsters, proving style and downforce sometimes beat efficiency.

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Feb 23 • 8:45 AM EST • Technology • jalopnik.com
Florida lawmakers vote to rename Palm Beach airport after Trump

Lawmakers in Florida approved legislation on Thursday renaming the Palm Beach International Airport after U.S. President Donald Trump.

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Feb 19 • 11:32 PM EST • Politics • cnn.com
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WATCH: Trump says 'nobody occupied' U.S. Institute of Peace, he 'had nothing to do' with renaming the building after him
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Feb 19 • 12:59 PM EST • Politics • pbs.org
Snowball Earth might have had a dynamic climate and open seas

Sediments from Scotland hint that ocean-atmosphere interactions continued more than 600 million years ago despite widespread ice.

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Feb 19 • 12:30 PM EST • Science • sciencenews.org
Business students find success through industry and alumni connections

For the Eli Broad College of Business at MSU, the goal is simple but ambitious: Ensure every Broad graduate is prepared to compete in a dynamic job market and contribute meaningfully from day one.

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Feb 18 • 9:39 AM EST • Business • msutoday.msu.edu
Trump's immigration crackdown is affecting politics in Maine

President Trump's immigration crackdown is complicating Republicans' attempts to maintain control of Congress in this year's midterm elections. That dynamic is evident especially in Maine.

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Feb 17 • 5:15 PM EST • Politics • npr.org
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Luke Combs-inspired entertainment spot coming to Orlando. Here’s where

According to a news release, the Orlando location will span approximately 33,000 square feet across three stories, offering guests a dynamic experience influenced by Combs’ music and passions.

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Feb 17 • 1:27 PM EST • Entertainment • clickorlando.com
Trump family business files for trademark rights on any airports using the president's name

The Trump family company has filed to trademark the use of the president's name on airports but says it doesn't plan on charging a fee — at least for a proposed renaming of one near his Florida home. ...

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Feb 17 • 12:24 PM EST • Business • yahoo.com
Trump family business files for trademark rights on any airports using the president's name

The Trump family company has filed to trademark the use of the president's name on airports but says it doesn't plan on charging a fee — at least for a proposed renaming of one near his Florida home. ...

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Feb 17 • 12:24 PM EST • Business • yahoo.com
Trump Family Business Files for Trademark Rights on Any Airports Using the President's Name

NEW YORK (AP) — The Trump family company has filed to trademark the use of the president's name on airports but says it doesn't plan on charging a fee — at least for a proposed renaming of one near his Florida home. Applications filed by the Trump Organization with the federal trademark office are ...

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Feb 17 • 12:24 PM EST • Business • usnews.com
Unity Promises Tsunami Of Garbage AI Games As Its Stock Tanks

If you love shovelware just wait

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Feb 17 • 8:00 AM EST • Technology • kotaku.com
Politics of renaming a presidential memorial

The debate over adding Trump’s name to the Kennedy Center raises questions about presidential memorials and what they reveal about our values today.

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Feb 16 • 5:18 AM EST • Politics • usatoday.com
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Column: There should be no partisan divide about naming Epstein's fellow abusers

Shielding sex traffickers of children is not politics as usual. It reveals a moral crisis.

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Feb 14 • 6:00 AM EST • Politics • latimes.com
Kaukauna HS, NAMI Fox Valley partner to host mental health awareness basketball game

The first of its kind in the state - with Kaukauna hosting a go lime green mental health awareness basketball game. It partnered with NAMI Fox Valley.

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Feb 13 • 9:57 PM EST • Health • fox11online.com
Konami Confirms Metal Gear Solid: Master Collection Vol. 2 Won't Have MGS4's Metal Gear Online, But Peace Walker Multiplayer Will Return

Metal Gear Solid: Master Collection Vol. 2 will not include the version of Metal Gear Online featured with the original release of Metal Gear Solid 4: Guns of the Patriots.

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Feb 13 • 5:20 PM EST • Technology • ign.com
Microsoft released KB5077180, KB5077374, KB5076124 Windows 11 setup & recovery updates

Microsoft this week released new dynamic updates for Windows 11 26H1, 25H2 and 24H2 under KB5077178, KB5077180, KB5077374, and KB5076124 for setup and recovery.

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Feb 13 • 3:30 PM EST • Technology • neowin.net
Silent Hill: Townfall Not Coming To Xbox At Launch, Along With A Few Other State Of Play Titles

Konami is only saying PS5, Steam and Epic right now

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Feb 13 • 7:00 AM EST • Technology • purexbox.com
Konami's Anniversary Revival Of Castlevania Is Only Just Beginning, Expect More "New Products"

First up is Belmont's Curse

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Feb 13 • 12:30 AM EST • Technology • nintendolife.com
Castlevania: Belmont's Curse announced for Nintendo Switch

Castlevania: Belmont’s Curse has been announced, and the game is heading to Nintendo Switch. The project is planned for 2026. Castlevania: Belmont’s Curse is a collaboration between Konami and Dead Cells developers Evil Empire and Motion Twin. The 2D action exploration game take places 23 years after Castlevania Dracula’s Curse and follow a young Belmont’s journey. Here’s some additional information:...

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Feb 12 • 6:39 PM EST • Technology • nintendoeverything.com
As Silent Hill's stellar revival continues, here's our first proper look at next game Silent Hill: Townfall

Three years after its announcement, Konami has given a first proper look at Silent Hill: Townfall.

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Feb 12 • 6:37 PM EST • Technology • eurogamer.net
Metal Gear Solid: Master Collection Vol. 2 revealed for Nintendo Switch 2, Switch

Konami is working on Metal Gear Solid: Master Collection Vol. 2, and the company today confirmed plans to release it on Nintendo Switch 2 and Switch. The package comes out on August 27, 2026. Metal Gear Solid: Master Collection Vol. 2 includes Metal Gear Solid 4: Guns of the Patriots, Metal Gear Solid: Peace Walker (HD Collection version), and Metal...

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Feb 12 • 6:23 PM EST • Technology • nintendoeverything.com
Crystal Dynamics just announced the first new Legacy of Kain game in 23 years (and another slick-looking Soul Reaver remaster, too)

Legacy of Kain is back with an old classic, and some fresh blood: and both release sooner than you'd think.

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Feb 12 • 6:16 PM EST • Technology • eurogamer.net
Legacy of Kain: Ascendance, the First New Legacy of Kain Game in Over Two Decades, Is Out Next Month

Crystal Dynamics has revealed the first brand new Legacy of Kain game in over two decades. It's called Legacy of Kain: Ascendance, and it's out sooner than you'd think: on March 31, 2026. That's next month!

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Feb 12 • 6:00 PM EST • Technology • ign.com
Silent Hill: Townfall launches in 2026 for PS5, PC; reveal trailer

Silent Hill: Townfall will launch in 2026 for PlayStation 5 and PC via Steam and Epic Games Store, publishers Konami and Annapurna Interactive, and developer Screen Burn Interactive announced.

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Feb 12 • 5:49 PM EST • Technology • gematsu.com
Castlevania: Belmont’s Curse announced for PS5, Xbox Series, Switch, and PC

Publisher Konami and developers Evil Empire and Motion Twin have announced Castlevania: Belmont’s Curse for PlayStation 5, Xbox Series, Switch, and PC (Steam). It will launch in 2026.

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Feb 12 • 5:45 PM EST • Technology • gematsu.com
Metal Gear Solid: Master Collection Vol. 2 announced for PS5, Xbox Series, Switch 2, Switch, and PC

Konami has announced Metal Gear Solid: Master Collection Vol. 2 for PlayStation 5, Xbox Series, Switch 2, Switch, and PC (Steam). It includes Metal Gear Solid 4: Guns of the Patriots and the HD Col…

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Feb 12 • 5:40 PM EST • Technology • gematsu.com
‘Zero Day’ & ‘A House Of Dynamite’ Producer Prologue Entertainment Signs Bestselling Author David McCloskey To First-Look Deal

Bestselling author David McCloskey has inked a first-look deal with Prologue Entertainment, the production company behind Netflix's 'Zero Day.'

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Feb 12 • 5:13 PM EST • Entertainment • deadline.com
Rocket science? 3D printing soft matter in zero gravity

What happens to soft matter when gravity disappears? To answer this, UvA physicists launched a fluid dynamics experiment on a sounding rocket. The suborbital rocket reached an altitude of 267 km before ...

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Feb 11 • 8:00 PM EST • Science • phys.org
Mavericks hiring CAA Sports to help find naming-rights partner for future arena

Amid a season of change, the Mavericks are continuing to look ahead to the next decade and their potential future home.

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Feb 11 • 10:39 AM EST • Sports • nytimes.com
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2025 US ACT on Health Equity Community Investments Recipients

Author: Kennesha VanBurch, Director, Health Equity and Community Investment Partnerships 2025 marks the fifth year of the US Accelerate Change Together (ACT) on Health Equity: Community Solutions Challenge (CSC) and National Strategic Collaborations (NSC). This year, we received more than 250 applications from organizations across the country dedicated to prioritizing the social, cultural and linguistic needs of communities that have experienced barriers to care and opportunity. The overwhelming response underscores the vital role these organizations play in advancing health equity at the local level and across the nation. Since the launch of ACT on Health Equity in 2021, the initiative has invested more than $18 million in nonprofit organizations and their health equity programming through CSC and NSC. This year, $3.4 million in funding has been provided to 47 nonprofit organizations that focus on healthcare access, nutrition and lung health. Together, we are making meaningful progress toward health equity across the US. Supporting Organizations Advancing Community Well-being and Health Equity The awarded organizations address critical needs across health, education, and social support through initiatives aligned with AstraZeneca’s areas of expertise, including lung disease, lung and breast cancer, and cardiology. Their work spans across culturally competent senior care, equitable healthcare access, cancer and chronic disease support, and preventive health education, as well as hunger relief, community gardening, dental and transportation services, and resources for underserved families. Together, they are working to remove barriers to care, reduce preventable conditions, and empower individuals and communities of all ages and backgrounds to achieve better health outcomes. Photo courtesy of Medical Motor Service of Rochester and Monroe County, Inc. Description: MMS driver speaking to a Wegmans shopper. GGWNY staff; Lincoln Memorial Church Community Garden and lead gardener Diane Learn more about our recipients and the impact they make within their communities below. Community Solutions Challenge Advocates for Women’s Health, Inc. Advocates for Women's Health exists to provide access to high quality prenatal care and gynecology care to lower-income communities in and around Fresno, CA. They operate a nonprofit OB/GYN clinic located in Fresno. American Rescue Workers (ARW) ARW is a faith-based, non-profit organization providing homelessness and hunger prevention services in Central PA since 1934. ARW cares holistically for men, women, and children who find themselves facing food insecurity, and emergency situations that may lead to homelessness, or an actual homeless crisis, by providing shelter and social services. ARW serves people no matter their faith, regardless of faith. Asian Americans Advancing Justice Southern California (AJSOCAL) AJSOCAL is a social justice organization that protects and strengthens the rights and dignity of AAPI communities, especially those that are most disadvantaged. Byrd Cancer Education and Advocacy (BCEA) BCEA’s mission is to effectively assist individuals battling cancer by connecting them to vital support and resources. BCEA ensures that all relevant information reaches those in need, guiding them towards the resources necessary to fight their battle against cancer. Catholic Charities of the Diocese of Santa Rosa Catholic Charities of the Diocese of Santa Rosa creates access to opportunities for self-sufficiency by providing innovative and compassionate services to people of all backgrounds, beliefs and cultures. Chosen Hearts Chosen Hearts’ mission is to rebuild lives and restore hope by fostering a sense of community and creating lasting, positive change. Columbia Student Medical Outreach The Columbia Student Medical Outreach Program (CoSMO) Clinic is the oldest and largest student-run free clinic at the Vagelos College of Physicians and Surgeons at Columbia University. At its core, CoSMO is guided by the belief that all people—regardless of immigration or insurance status—deserve access to high-quality, equitable medical care. Eagle’s Nest Community Kitchen and Resource Center and Mobile Pantry Eagle’s Nest Community Kitchen, Resource Center and Mobile Pantry’s mission is to empower underserved and rural communities through hands-on STEM education grounded in sustainable agriculture. By combining mobile workshops, community gardens, and mentorship, they deliver accessible training in science, technology, engineering, and math that builds practical skills, advances food security, and fosters environmental stewardship. Through collaborative partnerships and by honoring local knowledge, they cultivate resilient communities and inspire the next generation of agricultural innovators. eClose Institute eClose Institute’s mission is to make medically relevant scientific discoveries using an education platform that embraces equality and empowers participants to contribute ideas, life experience and experimental data to improve disease treatment. Equal Hope Equal Hope is an organization dedicated to saving lives and improving quality of life by eliminating health inequities. This organization challenges the status quo in striving to understand the context of people’s lives and the barriers they experience to help them achieve better health outcomes for their lives. Through research, quality assessment and improvements, advocacy, education, and patient navigation, they approach health holistically to achieve sustainable outcomes and true health equity. Food For Free Committee Food For Free improves access to healthy food through establishing innovative programming and partnerships to overcome barriers and strengthen the community food system. They believe that access to healthy food is a fundamental right. Grassroots Gardens of Western New York (GGRWNY) The missions of GGRWNY is to share knowledge, powers, and resources to grow health food, heal systemic harm, and strengthen neighborhood connections through community gardens. Greater Providence YMCA (GPYMCA) GPYMCA builds healthy spirit, mind, and body for all, through inclusive programs and relationships grounded in core values of caring, honesty, respect, and responsibility. Programs are intentionally designed to close equity gaps in health, education, and wellness. GPYMCA serves individuals and families across all life stages and income levels, including medically vulnerable and underserved populations. Hearts of Valor INC Hearts of Valor’s missions it to keep the heart pumping through advocacy, collaboration, education, and support. Ibn Sina Foundation Ibn Sina Foundation ensures the health of the community by providing integrated, preventive, and primary care in a clinical setting through the dissemination and application of health-related knowledge, thereby enhancing the quality of life for future generations. India Home India Home is a non-profit organization dedicated to addressing the needs of and empowering the South Asian and Indo-Caribbean senior immigrant community in New York City through culturally competent services. At India Home’s centers, seniors find community and resources through a diverse range of programs and activities. Programs include congregate meals, creative aging programs, case management programs, and educational talks on health, nutrition, financial safeguards and elder law. La Colaborativa La Colaborativa empowers the Latinx community, enhancing social and economic health, and holding institutional decision-makers accountable. Lancaster County Food Hub At the heart of the Lancaster County Food Hub’s (LCFH) work is a strong commitment to meeting basic human needs, fostering respectful relationships, and connecting neighbors with supportive services in a nurturing and welcoming environment. Guided by their vision of a Lancaster County where every individual is supported and empowered to live with dignity and stability, they strive to not only provide immediate relief but also to create pathways to lasting self-sufficiency. Maryland Foundation of Dentistry (MFD) MFD is dedicated to improving oral health outcomes and preserving dental function for one of the state’s most vulnerable populations: adults with intellectual, physical, and/or developmental disabilities who are unable to afford the cost of dental care. Maternity Care Coalition (MCC) The missions of MCC is to improve the health and well-being of pregnant women and parenting families and enhance school readiness for children 0-3. MCC achieves this through direct service, advocacy, and research, in collaboration with individuals, families, providers, and communities. Medical Motor Service of Rochester and Monroe County, Inc. Medical Motor Service of Rochester and Monroe County’s mission is to provide specialized transportation for community organizations, as well as individuals with disabilities and special needs to improve their independence and quality of life. Milwaukee Consortium for Hmong Health (MCHH) MCHH’s mission is to create a thriving and healthy Southeast Asian and Hispanic community by empowering families through education and screenings. MCHH utilizes established community health workers and focuses on addressing health disparities related to cancer and chronic disease among the Hmong, Bumese, Karen, Karenni, Lao, and Hispanic populations living in Milwaukee, WI and other areas if needed. Mission Hospice and Home Care Mission Hospice and Home Care is delivering compassionate support and exceptional care in the home for individuals and communities, guiding them with choice and dignity to navigate significant care decisions. North Alabama AHEC (NAAHEC) The mission of the NAAHEC is to improve healthcare access, quality, and equity in rural and underserved communities across North Alabama. They strengthen the health workforce - particularly through the development of community health workers by providing comprehensive training, resources, and advocacy. By fostering strong community partnerships and promoting healthcare literacy, NAAHEC aims to address disparities, improve outcomes, and cultivate a healthier future for North Alabama. Our Neighbors’ Table Hunger comes in many forms. Our Neighbors’ Table is committed to establishing a community that provides for the whole person with nourishing food, kindness and dignity. Panhandle Breast Health Panhandle Breast Health works to decrease breast cancer deaths by providing education and reducing financial barriers to increase screening rates. Pitney Meadows Community Farm Founded in 2026, Pitney Meadows Community Farm’s mission is to celebrate and explore agricultural education, healthy food production, and recreation. Located on 166 acres in the heart of the city of Saratoga Springs and preserved in perpetuity as a working farm, Pitney Meadows is a unique resource. Prince William County Community Foundation (PWCCF) PWCCF’s mission is to create a stronger, healthier, and more connected community by addressing critical needs in food insecurity, health & wellness, scholarship, and philanthropy. PWCCF is committed to empowering individuals and families through equitable access to nutritious food, comprehensive healthcare, educational opportunities, and community-driven support. By fostering partnerships and promoting sustainable solutions, PWCCF aims to enhance the quality of life for all, ensuring a brighter future for every member of their community. Raytown Christian Church (Raytown Summer Lunch Ministry) Raytown Summer Lunch Ministry’s mission is to provide nutritious and kid-friendly meals to children during the summer months when they are not in school and receiving school meals. Regents of the University of California, Davis UC Davis Health is improving lives and transforming health care by providing excellent patient care, conducting groundbreaking research, fostering innovative, interprofessional education, and creating dynamic, productive partnerships with the community. RSVP Volunteers RSVP Volunteers creates and runs unique community programs powered by skilled volunteers to advance education and wellness for all ages and strengthen nonprofits through capacity-building and volunteer services. Second Harvest Food Bank of Orange County Second Harvest Food Bank of Orange County, in collaboration with partners, provides dignified, equitable and consistent access to nutritious food, creating a foundation for community health. The Icla da Silva Foundation The mission of the Icla da Silva Foundation is to save the lives of patients whose only cure is a bone marrow transplant by providing financial, emotional, and logistical support to remove barriers to treatment. There With Care of the Bay Area Founded in 2012, the mission of There With Care of the Bay Area is to provide a wide range of meaningful and fundamental services to children and families during the critical phase of a medical crisis. Universal Community Health Center Universal Community Health Center’s mission is to provide quality and accessible healthcare to under-served communities and to provide a patient centered model of care to empower communities towards wellness. West Cancer Foundation West Cancer Foundation breaks through barriers to cancer care and improves patient outcomes by providing accessible patient resources, early detection and education, and community-based research. Westside Family Healthcare Westside Family Healthcare’s mission is to improve the health of communities by providing equal access to quality healthcare, regardless of ability to pay. National Strategic Collaborations Foundation of Asthma and Allergy Impact Rescue (AAIR) The mission of The Foundation for Asthma and Allergy Impact and Rescue (AAIR) is to make sure that every child is rescued at school, healthy at home, and connected to care. Family Reach Foundation Family Reach is a nonprofit that provides non-medical financial support to families facing cancer. Cancer treatment requires more than medicine — families need a roof over their heads and food on their tables to survive. If a family can’t meet these basic needs, cancer treatment takes a back seat. They work with patients, providers, and community organizations to challenge the systems that force families to choose between their health and their home. LUNGevity Foundation LUNGevity Foundation is transforming what it means to be diagnosed and live with lung cancer through research, advocacy, and community. This mission brings them closer to their vision: a world where no one dies of lung cancer. Association of Black Cardiologists The Association of Black Cardiologists is dedicated to preventing and treating cardiovascular disease, including stroke, through education, research, advocacy, and community engagement, striving for optimal health for all by eliminating disparities. Cholangiocarcinoma Foundation (CCF) The Cholangiocarcinoma Foundation’s (CCF) mission is to find a cure and improve the quality of life for those affected by cholangiocarcinoma (bile duct cancer). Founded in 2006, in Salt Lake City, UT, by a family who lost a loved one to cholangiocarcinoma, CCF has grown to become the leading global resource in research, education, and public awareness. ZERO Prostate Cancer Zero Prostate Cancer’s mission is to improve and save lives from prostate cancer through advocacy, awareness, education, and support. GO2 for Lung Cancer GO2 for Lung Cancer relentlessly confronts lung cancer on every front, every day, for everyone. As the nation’s leading lung cancer advocacy organization that was founded by patients and survivors, they are dedicated to increasing survival and quality of life for those at risk, diagnosed, and living with lung cancer. National Minority Quality Forum The National Minority Quality Forum (NMQF) is a national 501(c)(3) with a mission to reduce patient risk for all. Young Survival Coalition (Breast) Young Survival Coalition supports the young breast cancer community and ignites global collaboration to improve quality of life worldwide. Black Women’s Health Imperative Black Women’s Health Imperative’s mission is to solve the most critical health issues that Black women and girls face through innovative programs, transformative research, and lifesaving policies.

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Feb 11 • 7:00 AM EST • Health • astrazeneca.com
Abhishek Sharma hospitalised; doubtful for India’s match against Namibia

Top batter has been in hospital with an upset stomach and is likely to miss India’s next T20 World Cup game.

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Feb 11 • 2:50 AM EST • Sports • aljazeera.com
Record-Breaking One-Off Bugatti Brouillard Could Become the Most Expensive Bugatti Ever

A one-off aimed at a historic record Bugatti’s latest one-off, the Brouillard, steps onto the hypercar stage with the quiet confidence of a record-breaker. The brand’s tradition of bespoke excellence meets a bold new aesthetic, positioning this unique commission to potentially become the marque’s most expensive creation. Built on the proven underpinnings of the Chiron/Mistral architecture, yet transformed by distinctive craft, the Brouillard is both homage and innovation. A name born from equestrian legend More than a century ago, a striking white horse captivated Ettore Bugatti in Molsheim. That equine myth now informs the car’s name and its sensory identity. The result is an automotive portrait of athletic grace—surfaces that read like muscle, curves that suggest motion, and details that quietly speak of discipline and heritage. Embroidered horse motifs on door panels and seat backs echo the story, while a miniature glass sculpture of the steed crowns the shifter. Sculptural design with purpose The Brouillard’s silhouette favors sinuous surfaces over hard creases, allowing light to glide over its form like a tendon under skin. Aerodynamics inform elegance: an integrated ducktail replaces a deployable wing, cleansing the airflow and boosting stability at speed. Its stance is athletic, its volumes taut, and its visual language unmistakably Bugatti. “Sculptural, organic forms—like a tendon beneath the skin—hide immense power behind noble simplicity,” said design chief Frank Heyl, capturing the car’s philosophy in a single stroke. Craft elevated to an art The cabin embraces craftsmanship at an uncommon level. Custom-woven textiles from Paris introduce a discreet tartan pattern, while green-tinted carbon fiber nods to the exterior’s hue. A glazed roof creates a cathedral atmosphere, bathing the cockpit in natural light. A central spine appears to flow from exterior to interior, emphasizing continuity and structure. Highlights include: Custom textiles with subtle tartan motifs Green-tinted carbon fiber matched to the exterior finish A “cathedral” glass roof that elevates cabin ambience A sculptural centerline linking outside to inside Bespoke embroidery and glass equine detail W16 power at its absolute apex Under the sculpted skin, the final evolution of Bugatti’s 8.0‑liter, quad‑turbo W16 delivers a thunderous 1,600 hp at 7,050 rpm and 1,600 Nm of torque. This represents the pinnacle of nearly two decades of Bugatti engineering, honed to an ultimate state. The lightweight monocoque blends carbon fiber with aluminum, holding mass to around 1,900 kg for poise and control. Experts suggest the Brouillard could surpass the 282 mph (454 km/h) achieved by the Mistral, aided by more aerodynamic bodywork and the fixed ducktail. Whether or not it sets a new benchmark, its intent is clear: relentless speed paired with refinement. Exclusivity with an exacting timeline The commissioning process is intensive, with roughly 18 months of development leading to a 2027 delivery. Bugatti’s program limits itself to no more than two creations per year, ensuring focus and rarity. Each example leaves the atelier as a singular vision, shaped to the client’s collection and the brand’s ethos. An unveiling is planned for Monterey Car Week 2025, placing the Brouillard amid the world’s most discerning enthusiasts. Its patron is a European collector deeply invested in the Bugatti universe, from historic and modern cars to Carlo Bugatti furniture and Rembrandt Bugatti bronzes. A valuation poised to make history While Bugatti has not disclosed an official price, informed estimates place the Brouillard between €10 million and €30 million. Context matters: a series Mistral begins near €5 million, while the Brouillard adds profound personalization, sculptural changes, and a pace of production that keeps scarcity front and center. In an arena where uniqueness drives value, the path to a brand record is unmistakably open. What it signals for the marque The Brouillard crystallizes Bugatti’s dual identity: traditional savoir‑faire intertwined with boundary-pushing performance. It exhibits a narrative soul—the white horse of Molsheim—woven into modern materials and world-class aerodynamics. As a rolling statement, it reaffirms that the Bugatti idea is larger than speed alone; it is about story, craft, and the courage to pursue an ideal to its logical limit.

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Feb 7 • 6:12 PM EST • Technology • iowaparkleader.com
This weird deep-sea creature was named by thousands of people online

A newly discovered deep-sea creature has become an unlikely Internet star. After appearing in a popular YouTube video, a rare chiton found nearly three miles beneath the ocean surface sparked a global naming effort, drawing more than 8,000 suggestions from people around the world. Scientists ultimately chose the name Ferreiraella populi, meaning “of the people,” honoring the public that helped bring it into the scientific record.

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Feb 7 • 7:00 AM EST • Science • sciencedaily.com
Analysis: Trump’s quest to name things after himself takes an even more desperate turn

Donald Trump’s insatiable desire to name things after himself has been clear for a very long time. And as president, he’s rapidly pushed the envelope in that regard, naming things after himself in ways it appears no previous president ever has.

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Feb 6 • 2:26 PM EST • Politics • cnn.com
Deep dive
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Poultry science complex renamed to commemorate Huffman gift

Board of Regents approve renaming of Poultry Science Research, Teaching and Extension Center after gift by Barbara and Bill Huffman

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Feb 6 • 2:14 PM EST • Science • agrilifetoday.tamu.edu
Joby Aviation becomes newest partner of Sharks Sports & Entertainment

Sharks Sports & Entertainment (SSE) announced today a partnership that makes Joby Aviation a proud partner of the San Jose Sharks and naming partner on the new Reimagination Studio. As part of the collaboration, Sharks Sports & Entertainment will work exclusively with Joby Aviation to explore vertiport development in the

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Feb 6 • 1:00 PM EST • Sports • nhl.com
Joby Aviation becomes newest partner of Sharks Sports & Entertainment

Sharks Sports & Entertainment (SSE) announced today a partnership that makes Joby Aviation a proud partner of the San Jose Sharks and naming partner on the new Reimagination Studio. As part of the collaboration, Sharks Sports & Entertainment will work exclusively with Joby Aviation to explore vertiport development in the

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Feb 6 • 1:00 PM EST • Entertainment • nhl.com
What to Expect From the iPhone 18 Pro After the Latest Rumor Reversal

While the iPhone 18 Pro and iPhone 18 Pro Max are not expected to launch for another seven months or so, there are already plenty of rumors about the devices. It was initially reported that iPhone 18 Pro models would have fully under-screen Face ID, with only a front camera visible in the top-left corner of the screen. However, the latest rumors indicate that the devices will have only partially under-screen Face ID, which will result in a narrower Dynamic Island area.

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Feb 5 • 11:00 AM EST • Technology • macrumors.com
Small Business Focus: The State of Black Entrepreneurial Enterprises

This article is written and sponsored by Arlington Economic Development. February is Black History Month, and this year the Small Business Coordinating Council will spotlight the State of Black Entrepreneurship with three dynamic speakers: Eric Alston and William Mitchell of WACIF, and Darin Cox, owner of The Peach Cobbler Factory in Washington, D.C. Over the

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Feb 4 • 4:45 PM EST • Business • arlnow.com
Blizzard unveils a major Overwatch 2 revamp, renaming it to just Overwatch and announcing ambitious, imminent expansion plan

Five new heroes arrive at once, and then a further five this year. That's 10 new heroes in total this year.

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Feb 4 • 1:45 PM EST • Technology • eurogamer.net
Sun Releases Strong Flare

The Sun emitted a strong solar flare, peaking at 7:13 a.m. ET on Feb. 4. NASA’s Solar Dynamics Observatory, which watches the Sun constantly, captured an

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Feb 4 • 9:19 AM EST • Science • science.nasa.gov
FIU Softball Stadium To Be Renamed As Felsberg Field at Baptist Health Stadium

MIAMI – FIU Athletics announced Wednesday that the Panthers' softball stadium has been officially renamed Felsberg Field at Baptist Health Stadium, a move that reflects the growing, long-term partnership between two of South Florida's most influential organizations.

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Feb 4 • 7:31 AM EST • Health • fiusports.com
Norway Buy Now Pay Later Business and Investment Report 2026: Market to Triple from $1.83 Billion to $6.06 Billion by 2031 Featuring Klarna, Vipps Pay Later, Walley, and Svea

The Norwegian BNPL market presents key opportunities in retail and e-commerce growth, strategic partnerships, and consumer behavior insights. Key growth areas include diverse business and distribution models, evolving consumer demographics, and innovative market strategies, supported by detailed data on market dynamics and KPIs. Norwegian Buy Now Pay Later Market Norwegian Buy Now Pay Later Market Dublin, Feb. 04, 2026 (GLOBE NEWSWIRE) -- The "Norway Buy Now Pay Later Business and Investment Opp

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Feb 4 • 4:58 AM EST • Business • finance.yahoo.com
How Olympic athletes use science to win, according to an expert

Ahead of the Winter Olympics, a Virginia Tech aerodynamics expert breaks down how air resistance can determine who medals — and how some athletes try to bend the rules.

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Feb 2 • 3:14 PM EST • Science • news.vt.edu
First Foldable iPhone Design Details Revealed

Apple's first foldable iPhone will feature relocated volume buttons, an all-black camera plateau, a smaller Dynamic Island, and more, according to design leaks from a known Weibo leaker. The user known as "Instant Digital" today claimed to share several key details about the design of the foldable iPhone: The volume buttons will be located on the top edge of the device, aligned to the right, similar to the iPad mini.

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Feb 2 • 10:19 AM EST • Technology • macrumors.com
Sun Releases 4 Strong Solar Flares

The Sun emitted three strong solar flares on Feb. 1, peaking at 7:33 a.m. ET, 6:37 p.m. ET, and 7:36 p.m. ET. The Sun emitted a fourth strong solar flare on

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Feb 2 • 8:44 AM EST • Science • science.nasa.gov
The tension between big team science and colonial power dynamics

Nature Human Behaviour - Big team science promises to globalize the social behavioural sciences. However, without structural reform, it will reproduce a research model in which data are gathered...

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Feb 1 • 7:00 PM EST • Science • nature.com
Intel sets a 7467 MT/s+ memory requirement for Panther Lake Arc B-series iGPU branding, slower configs show up as “Intel Graphics”

Intel Arc Xe3 B-Series won't appear with its full marketing name, unless laptop has memory meeting the standard Intel appears to be tying Panther Lake

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Feb 1 • 7:00 AM EST • Technology • videocardz.com
30% More Efficient? The Math Behind Aero vs. Steel

The data is clear: Aerodynamics provided a massive efficiency gain, allowing me to match a significantly stronger rider on the flats. Here is the math, plus the latest on the Vingegaard fan crash.

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Jan 31 • 5:30 AM EST • Technology • velo.outsideonline.com
Texas Health Resources buys naming rights for new Mansfield stadium

Texas Health Resources is the naming rights sponsor of Mansfield Stadium, the multi-use soccer stadium complex scheduled to open this summer. The 10-year...

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Jan 30 • 6:00 AM EST • Health • dallasnews.com
More naming opportunities planned for Altru Sports Complex; first part of Phase 2 expected to bid in April

The Grand Forks Park District is looking at options for other naming rights in the facility to help fundraise for the project.

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Jan 29 • 8:01 AM EST • Sports • grandforksherald.com
Rice Business launches new graduate healthcare certificate program to advance leadership in dynamic industry

Rice’s Jesse H. Jones Graduate School of Business today announced the launch of its Graduate Certificate in Healthcare Management program, a 10-month, credit-bearing professional credential designed for current and aspiring leaders seeking deep expertise in the business of healthcare. Situated at the crossroads of Houston’s renowned Texas Medical Center and global healthcare innovation, the program blends rigorous business fundamentals with healthcare-specific strategy, operations and management.

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Jan 29 • 7:00 AM EST • Business • news.rice.edu
Short-seller report accuses Carvana of overstating earnings

After the report, written by Gotham City Research but not naming an author, was released, the share value tumbled about 14%.

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Jan 28 • 9:19 PM EST • Business • azcentral.com
General Dynamics fourth-quarter revenue rises on strong defense business

General Dynamics posted a rise in fourth-quarter revenue on Wednesday, driven by growth in its combat and marine systems segments.

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Jan 28 • 7:18 AM EST • Business • reuters.com
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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