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Results for " AI " 120,073 found 🔀 AI-powered Shuffle

Frozen science experiments inspired by the Loppet Winter Festival
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Jan 28 • 11:55 AM EST • Science • cbsnews.com
High-Signal Publisher
Searows: ‘Death in the Business of Whaling’ review

Searows' sophomore album Death in the Business of Whaling is an expertly crafted collection of songs. The album is sure to please fans of Phoebe Bridgers, Ethel Cain or Iron & Wine.

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Jan 28 • 11:52 AM EST • Business • iowapublicradio.org
Watch the Super Bowl at Legacy Sports Bar & Grill!
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Jan 28 • 11:45 AM EST • Sports • cbsnews.com
High-Signal Publisher
WATCH: Coons, Rubio disagree on whether Congress should’ve been consulted before Maduro ouster

Sen. Chris Coons, D-Del., said the Trump administration failed to properly consult with Congress in the months leading up to the dramatic U.S. military raid that ousted President Nicolás Maduro. Secretary of State Marco Rubio said it was "a trigger-based operation."

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Jan 28 • 11:41 AM EST • Politics • pbs.org
🙂 Positive (35%)
PE-backed CT masonry business acquires New England manufacturer

US Masonry and Building Products said it purchased York Flashings LLC, which manufactures products designed to seal joints and channel moisture out of building walls to help prevent water damage.

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Jan 28 • 11:41 AM EST • Business • hartfordbusiness.com
Manu Ginobili among backers of new planned sports performance project in South Florida

Manu Ginobili is investing in South Florida’s potential with a new venture. The former San Antonio Spurs star is part of a group building the Sports Performance Hub in Homestead, Florida. It’ll be a next-generation sports, education and community development project. It will feature a 10,000-seat stadium for Miami FC, sports training facilities, a basketball facility, a boarding school and more. Groundbreaking is set for March, with plans to open in 2028. Ginobili, along with partners like Riccardo Silva and Juan Sebastian Veron, aims to connect sports training with academics. They believe Miami’s multicultural environment makes it an ideal location.

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Jan 28 • 11:36 AM EST • Sports • nbcmiami.com
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PlayStation Plus Monthly Games lineup for February 2026 announced

Sony Interactive Entertainment has announced the February 2026 Monthly Games lineup for PlayStation Plus Essential subscribers. All titles will be available from February 3, 2026 until March 2, 202…

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Jan 28 • 11:33 AM EST • Technology • gematsu.com
Google DeepMind launches AI tool to help identify genetic drivers of disease

AlphaGenome can analyse up to 1m letters of DNA code at once and could pave way for new treatments

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Jan 28 • 11:15 AM EST • Technology • theguardian.com
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Google DeepMind launches AI tool to help identify genetic drivers of disease

AlphaGenome can analyse up to 1m letters of DNA code at once and could pave way for new treatments

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Jan 28 • 11:15 AM EST • Science • theguardian.com
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Read the email Amazon is sending to laid-off employees

The notifications state that employees will receive full pay and benefits for 90 days.

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Jan 28 • 11:14 AM EST • Business • businessinsider.com
🙂 Positive (50%)
Sames Auto Arena serves as entertainment hub with 2026 event lineup

In 2026, familiar and big names are returning to the stage, and the Sames Auto Arena is preparing for even more.

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Jan 28 • 11:10 AM EST • Entertainment • lmtonline.com
2nd Show Announced for State Fair 2026 Concert Lineup

The Great New York State Fair has announced its second music act for Suburban Park.

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Jan 28 • 11:07 AM EST • Entertainment • wktv.com
Google Pixel’s Tensor chip said to help weather a rocky smartphone market in 2026

A new report forecasts the smartphone chipset market through 2026, and claims that Google’s efforts in building Tensor for Pixel...

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Jan 28 • 11:05 AM EST • Technology • 9to5google.com
Owners of Twin Peaks restaurant file for bankruptcy

Officials with TWNP said in a news release that they will use the filings to strengthen their capital structure through reducing their debt to keep the corporation successful for years to come.

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Jan 28 • 11:03 AM EST • Business • spectrumlocalnews.com
With AlphaGenome, Researchers Are Using A.I. to Decode the Human Blueprint

AlphaGenome is a leap forward in the ability to study the human blueprint. But the fine workings of our DNA are still largely a mystery.

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Jan 28 • 11:00 AM EST • Science • nytimes.com
🧪 Science with Sarah: Graham Cracker Plate Tectonics 🌋

Hello parents, teachers and students! Explore our shifting Earth on a mantle of frosting

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Jan 28 • 10:55 AM EST • Science • ksat.com
🙂 Positive (35%)
Business groups back freight brokers in Supreme Court trucking liability fight

U.S. Chamber of Commerce, National Retail Federation among those supporting C.H. Robinson in the brief.

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Jan 28 • 10:51 AM EST • Business • freightwaves.com
Business groups back freight brokers in Supreme Court trucking liability fight

U.S. Chamber of Commerce, National Retail Federation among those supporting C.H. Robinson in the brief. The post Business groups back freight brokers in Supreme Court trucking liability fight appeared first on FreightWaves.

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Jan 28 • 10:51 AM EST • Business • finance.yahoo.com
Tory peer’s punishment for fiddling expenses criticised as too lenient

Campaigners demand ‘real consequences’ for peer who claimed expenses for car journeys he did not take

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Jan 28 • 10:40 AM EST • Politics • theguardian.com
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Holland America Line Entertainment
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Jan 28 • 10:40 AM EST • Entertainment • wfaa.com
Wilmington basketball tournament puts focus on raising funds for mental health

The two-day SL24 Basketball Classic returns to the Chase Fieldhouse to honor Sean Locke, raise funds for mental health programs and encourage open conversations.

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Jan 28 • 10:30 AM EST • Health • whyy.org
😐 Neutral (14%)
Washington Capitals and Monumental Sports & Entertainment Pride Auction Raises $30,485

Proceeds benefit the Wanda Alston Foundation, with a portion of funds allocated for MSE Foundation

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Jan 28 • 10:28 AM EST • Entertainment • nhl.com
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Women's College Hoops Spotlight: Georgetown Coach Praises 'Best' UConn Team

FOX Sports' Laken Litman breaks down Georgetown coach Darnell Haney's eyebrow-raising comments after UConn throttled his team.

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Jan 28 • 10:23 AM EST • Sports • foxsports.com
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Walmart CEO Doug McMillon retiring as retailer gains more wealthy shoppers amid inflation

Walmart CEO Doug McMillon retires after 40 years, leaving behind a transformed retail giant that attracts higher-income shoppers through convenience.

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Jan 28 • 10:20 AM EST • Business • foxbusiness.com
Ranking 2026 Big Ten football schedules from easiest to toughest

Big Ten heavyweights must overcome grueling schedules in 2026 to reach their ultimate destination

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Jan 28 • 10:10 AM EST • Sports • cbssports.com
Health officials scramble to contain largest measles outbreak to hit U.S. in decades
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Jan 28 • 10:07 AM EST • Health • cnn.com
AMD Ryzen 7 9850X3D Review - The Best Just Got Better

The AMD Ryzen 9850X3D builds on the already excellent 9800X3D without trying to shake up the market. Instead, it focuses on refining what already works. AMD delivers modest improvements with smarter tuning, and the same cache magic that gamers love. Thanks to a reasonable price increase, this processor will be a no-brainer pick for future high-end gaming rigs.

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Jan 28 • 9:56 AM EST • Technology • techpowerup.com
Trump endorses Republican Rep. Tom Tiffany in Wisconsin's open race for governor

President Donald Trump has endorsed U.S. Rep. Tom Tiffany in Wisconsin’s open race for governor

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Jan 28 • 9:48 AM EST • Politics • washingtonpost.com
Samsung teases new privacy feature to hide your Galaxy phone screen from onlookers

Samsung said that the upcoming feature will let you protect selected parts of the screen like notification popup area.

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Jan 28 • 9:44 AM EST • Technology • techcrunch.com
‘A sacred space of healing’: Church of Jesus Christ transforms health center in Liberia

A health center in Liberia was in ruins until it was transformed into “a sacred space of healing” through a project funded by The Church of Jesus Christ of Latter-day Saints.

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Jan 28 • 9:42 AM EST • Health • deseret.com
2026 NFL mock draft: Senior Bowl week begins as Round 1 picture comes into focus

Here are our latest first-round projections with the draft order nearly set ahead of Super Bowl LX.

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Jan 28 • 9:38 AM EST • Sports • cbssports.com
The Entertainment District Focus Group examining long term future of Berglund Center complex

Its called the Entertainment District Focus Group, a mostly citizen group asked to weigh in on a possible casino at the Berglund Center - just for starters. The Entertainment District Focus Group is centered around the Berglund Center Complex, as the city looks to generate more revenue. Is there sup

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Jan 28 • 9:34 AM EST • Entertainment • wfirnews.com
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Apple's 'Creator Studio' App Bundle Now Available for $12.99 Per Month

Apple today launched the new Creator Studio that was initially unveiled two weeks ago, providing content creators with access to six Apple apps for $12.99 per month or $129 per year. Creator Studio includes Final Cut Pro, Logic Pro, and Pixelmator Pro on Mac and iPad, along with Motion, Compressor, and MainStage on the Mac. Final Cut Pro is Apple's video editing software, Logic Pro is for audio editing and creation, and Pixelmator Pro is an image editing app that Apple purchased in 2024.

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Jan 28 • 9:30 AM EST • Technology • macrumors.com
AEYE Health Expands Epic Integration for Portable Fully-Autonomous AI Eye Screening Across the US Healthcare System

/PRNewswire/ -- AEYE Health, the leading company in retinal diagnostics and developer of AEYE-DS, the fastest growing solution for diabetic eye exams in the...

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Jan 28 • 9:30 AM EST • Health • prnewswire.com
As college sports look more professional, sponsors turn to high school

High school sports, some marketers are finding, can provide brands with national reach and inroads with potential future star athletes.

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Jan 28 • 9:27 AM EST • Sports • marketingbrew.com
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As More Founders Aim To Build Billion-Dollar, One-Person Businesses, New Research Points To High-Potential Niches

A new report points to areas where it is possible for solo founders to grow to $1 billion in revenue using AI, blockchain and a global team of freelancers.

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Jan 28 • 9:17 AM EST • Business • forbes.com
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Jon Gruden turns down coaching inquiry from Jets, Aaron Glenn

Jon Gruden may want to return, but apparently not with the New York Jets

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Jan 28 • 9:11 AM EST • Sports • cbssports.com
Gemini details AI Plus limits, rolls out NotebookLM integration on iOS

Google brought the AI Plus subscription to the US yesterday, and here’s how it upgrades usage limits in the Gemini app.

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Jan 28 • 9:05 AM EST • Technology • 9to5google.com
Sword Health plans to acquire Kaia Health for $285M

Sword aims to raise about $500 million to fund more deals in the U.S. and Europe.

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Jan 28 • 9:04 AM EST • Health • axios.com
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Davis Webb rumors reveal Raiders' competition for Broncos assistant coach

Denver Broncos passing-game coordinator and quarterbacks coach Davis Webb has drawn a lot of interest this offseason and the Las Vegas Raiders have some competition for his services.

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Jan 28 • 9:01 AM EST • Sports • sportingnews.com
Looney’s Amphitheater announces 2026 entertainment lineup following venue revival

Looney’s Amphitheater Complex and Cultural Center, nestled in the heart of Bankhead National Forest, is marking its return as a live entertainment destination with a full slate of concerts and […]

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Jan 28 • 9:00 AM EST • Entertainment • 256today.com
Trump’s Favorite Wedge Issue Has Finally Met Its Match

Riley Gaines definitely doesn’t want you reading this.

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Jan 28 • 9:00 AM EST • Sports • slate.com
AMD Ryzen 7 9850X3D Linux Performance Review

Ahead of tomorrow's official availability of the AMD Ryzen 7 9850X3D at $499 USD, today the review embargo lifted.

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Jan 28 • 9:00 AM EST • Technology • phoronix.com
Send Help is an ode to every worker who has had a bad boss

The scariest thing about Sam Raimi’s latest is how relatable it can feel.

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Jan 28 • 9:00 AM EST • Entertainment • theverge.com
Australian Open semifinals set: Novak Djokovic, Jannik Sinner advance

The Australian Open bracket thinned out on the men's and women's side entering the final stage

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Jan 28 • 8:43 AM EST • Sports • cbssports.com
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Starbucks Says Turnaround ‘Ahead of Schedule’ as Sales Rebound

The coffee chain’s stock jumped after a better-than-expected earnings report.

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Jan 28 • 8:31 AM EST • Business • nytimes.com
Claire Danes says she freaked out when she found she was pregnant at 44

Claire Danes has said she went into “meltdown” when she discovered she was pregnant with her third child at age 44.

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Jan 28 • 8:27 AM EST • Entertainment • cnn.com
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Corning's Quiet Business Gets a Loud Boost

AI infrastructure deal moves the needle

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Jan 28 • 8:03 AM EST • Business • finance.yahoo.com
Recognize Data Privacy Day by protecting your small business from cybercriminals

Your small business likely has had many milestones. Hiring your first employee. Opening your doors for the first time. Making your first sale. But some milestones you’d probably rather avoid — like experiencing your first cyberattack. Think you’re too small to target? Think again. Cybercriminals target companies big and small, so this Data Privacy Day keep your business’s data (and your customers’ data) safe by reviewing the FTC’s updated resources at ftc.gov/cybersecurity.

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Jan 28 • 8:02 AM EST • Business • ftc.gov
Apple Creator Studio is now available for $13 per month: What's included and what it means for creators

Pay monthly or $129 annually for the new subscription bundle that includes a number of Apple's creative apps.

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Jan 28 • 8:00 AM EST • Technology • engadget.com
Kemi Badenoch apologises for Suella Braverman mental health claim

But she branded defectors from the Conservative party "drama queens", saying people who did not agree with the direction she was taking the party "need to get out the way".

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Jan 28 • 7:56 AM EST • Health • bbc.com
OpenAI digs in on a fundamental disconnect in new research: AI is ready for primetime, many businesses aren't

The real challenge isn't building better AI—it's actually using it.

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Jan 28 • 7:52 AM EST • Business • fortune.com
Pegula beats fellow American Anisimova to finally reach Australian Open semis

It marked Pegula’s 14th win in her past 15 matches against fellow Americans.

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Jan 28 • 7:40 AM EST • Sports • spectrumlocalnews.com
Viral AI assistant Moltbot rapidly gains popularity but poses security risks

The open source "Jarvis" chats via WhatsApp but requires access to your files and accounts.

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Jan 28 • 7:30 AM EST • Technology • arstechnica.com
Firefighters respond to business fire in West Jordan

In and out of the buildling.Fans and a hose going into the building.Several firefighters and engines responded to the scene.Rocky Mountain Power responded

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Jan 28 • 7:30 AM EST • Business • kutv.com
Peter Murray Tapped as CEO of Professional Bowlers Association and Head of Media for Lucky Strike Entertainment (Exclusive)

Murray had been the founding CFO of the MMA promotion Professional Fighters League.

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Jan 28 • 7:30 AM EST • Entertainment • hollywoodreporter.com
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Do college sports actually want rules? How high should Indiana be ranked? Mandel’s Mailbag

Plus, why the SEC and Big Ten control the CFP, what coaching hires were actually downgrades and Deion Sanders' future at Colorado.

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Jan 28 • 7:23 AM EST • Sports • nytimes.com
😐 Neutral (8%)
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A Go-Kart Track Is Just the Start at This Arizona Home Built Like a Sports-and-Entertainment Complex

Over-the-top amenities at the $20 million listing include a batting cage, a basketball court, a shooting range, a day spa, a dance studio and a gaming lounge

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Jan 28 • 7:17 AM EST • Entertainment • mansionglobal.com
Bank of America to match $1,000 government deposits for Trump accounts

Bank of America said it will match the federal government’s $1,000 contribution to Trump accounts for eligible U.S. employees with qualifying children.

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Jan 28 • 7:00 AM EST • Business • foxbusiness.com
Companies rush to refinance amid increased policy uncertainty

The activity may be a signal of corporate borrowers losing confidence.

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Jan 28 • 7:00 AM EST • Business • axios.com
High-Signal Publisher
Barry Keoghan Is Nearly Unrecognizable with Long Hair in London, Plus Halle Berry, King Charles, Queen Camilla and More

Barry Keoghan is nearly unrecognizable with long hair in London, plus Halle Berry, King Charles, Queen Camilla and more. From London to Los Angeles, and everywhere in between, see what your favorite stars are up to.

people.com logo
Jan 28 • 7:00 AM EST • Entertainment • people.com
Scott Pilgrim EX Arrives In March, Two New Playable Characters Revealed

Two former enemies of Scott now rally by his side.

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Jan 28 • 7:00 AM EST • Technology • gameinformer.com
Dispatch available now for the Nintendo Switch and Nintendo Switch 2 systems

Shop now on Nintendo.com or Nintendo eShop. Manage a group of ex-supervillains who are given one last shot at redemption!

nintendo.com logo
Jan 28 • 7:00 AM EST • Technology • nintendo.com
What Happens to Your Body When You Take Vitamin D Supplements Every Day Long Term?

A daily vitamin D supplement can support bone strength, muscle function, and balance—especially in people who are vitamin D deficient.

health.com logo
Jan 28 • 7:00 AM EST • Health • health.com
Hidden struggles: Cambridge scientists share the truth behind their success

In a career defined by constant questioning, self-doubt can become an occupational hazard. Now, for the first time, a group of Cambridge scientists reveal the personal struggles they’ve faced – and continue to face – as they strive for success.

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Jan 28 • 7:00 AM EST • Science • eurekalert.org
Ilitch Sports + Entertainment Event Colleagues Enjoy Special Celebration at Little Caesars Arena

Community

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Jan 28 • 7:00 AM EST • Entertainment • ilitchnewshub.com
Scientists turn tumor immune cells into cancer killers

Scientists at KAIST have found a way to turn a tumor’s own immune cells into powerful cancer fighters—right inside the body. Tumors are packed with macrophages, immune cells that should attack cancer but are usually silenced by the tumor environment. By injecting a specially designed drug directly into tumors, researchers were able to “reprogram” these dormant cells to recognize and destroy cancer.

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Jan 28 • 7:00 AM EST • Science • sciencedaily.com
Lucky Strike Entertainment and PBA Appoint Peter Murray as CEO Of PBA and Head of Media for Lucky Strike Entertainment

Lucky Strike Entertainment and PBA Appoint Peter Murray as CEO Of PBA and Head of Media for Lucky Strike Entertainment

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Jan 28 • 7:00 AM EST • Entertainment • pba.com
Teamsters California endorses proposed billionaires tax

Teamsters California, with 250,000 members statewide, becomes the largest union to back the proposed November ballot measure to enact a onetime billionaires tax.

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Jan 28 • 7:00 AM EST • Politics • sfchronicle.com
Leaker makes unlikely claim about improved iPhone 18 telephoto lens

A leaker better known for posting about Android smartphones has made a claim potentially pointing to improved telephoto performance in...

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Jan 28 • 6:56 AM EST • Technology • 9to5mac.com
Night Owls Have Worse Heart Health, Study Finds

By Dennis Thompson HealthDay ReporterWEDNESDAY, Jan. 28, 2026 (HealthDay News) — Do you prefer to stay up late, living it up through the night while everyone else is snoozing away? You might be doing your heart health a disservice, a new study says. Middle-aged and older night owls appear to have ...

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Jan 28 • 6:35 AM EST • Health • usnews.com
Why it’s so hard to uncover the truth about a president’s health

Bruises on Trump’s hands and other apparent ailments have invited speculation. But secrecy, politics, and the vagaries of aging make drawing conclusions difficult.

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Jan 28 • 6:21 AM EST • Health • bostonglobe.com
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David Lammy to face Andrew Griffith at deputy Prime Minister's Questions

The pair will fill in for PM Keir Starmer and Tory party leader Kemi Badenoch in the Commons from midday.

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Jan 28 • 6:07 AM EST • Business • bbc.com
Inside the minds of two US Olympians — and how they achieve greatness

U.S. Olympians Erin Jackson and Alysa Liu demonstrate how different personality traits and cognitive styles can lead to elite athletic success.

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Jan 28 • 6:07 AM EST • Sports • usatoday.com
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Dave Chappelle, Jon Stewart to pair up for Ohio show

The two outspoken comedians will talk about independent journalism and other topics during an event benefiting Yellow Springs radio station WYSO.

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Jan 28 • 6:04 AM EST • Entertainment • dispatch.com
ZZ Top frontman to play solo, 3 plays to open, other things to do

Onstage events include plays and concerts, or if you prefer on-screen entertainment, there's a horror movie marathon. See what else is coming up!

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Jan 28 • 6:02 AM EST • Entertainment • dispatch.com
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Large Businesses Driving Crypto Payments Adoption, PayPal Survey Finds

About 4 in 10 U.S. merchants (40%) now accept crypto at checkout, PayPal and the National Cryptocurrency Association said, citing a Harris Poll survey. 50% ...

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Jan 28 • 6:02 AM EST • Business • ccn.com
iPhone 18 Pro Could Feature Teleconverter Alongside Variable Aperture

Apple's rumored new variable aperture camera system for this year's iPhone 18 Pro models has reached the sampling stage, according to a new claim from a Chinese leaker. Posting on Weibo today, the account known as "Smart Pikachu" said the feature had entered late-stage engineering samples, while a teleconverter is also "under evaluation" for the device. The iPhone 18 Pro and iPhone 18 Pro Max are expected to launch in September 2026.

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Jan 28 • 6:01 AM EST • Technology • macrumors.com
Analysis: Trump’s team almost never backs down from its false claims. This past week has been different

From the start, this has been a say-anything presidential administration.

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Jan 28 • 6:00 AM EST • Politics • cnn.com
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The surprising science behind how certain foods can make you smell more attractive

Beneath fancy perfumes and deodorants, our food choices may be quietly shaping our natural scent in unexpected ways

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Jan 28 • 6:00 AM EST • Science • scientificamerican.com
What to Know About Skimo, the 2026 Olympics' Only New Sport

Ski mountaineering makes its debut at the Milano Cortina Winter Games

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Jan 28 • 6:00 AM EST • Sports • time.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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Jan 28 • 6:00 AM EST • Politics • gjia.georgetown.edu
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