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Scientists built a battery-free device that turns sunlight into fuel
Scientists have developed an artificial photosynthesis system that essentially regulates itself, eliminating the need for batteries used in many current designs. The key innovation is an electrolyzer that automatically adapts to changing sunlight by altering its electrical properties as it heats up. This keeps solar fuel production more stable while reducing cost and complexity.
Behavioral Health: HHS and DOJ Offer Grants to Help Human Trafficking Survivors
Given the trauma that survivors of human trafficking have experienced, they may need behavioral health services, such as therapy or substance use...
Scientists discover a strange property in rice and turn it into a smart material
Scientists discovered that rice behaves in a highly unusual way: it weakens under rapid compression but stays stronger when pressure is applied slowly. Using this effect, they engineered a new material that reacts differently to gentle movements and sudden impacts. The material can adapt its stiffness automatically, opening the door to safer soft robots and protective equipment that responds instantly to collisions.
Ask an Expert: How Can the Science Community Protect Science and Democracy?
Join Science Rising: a movement of truth-tellers, guided by integrity, creativity, and justice, to serve the public.
Keck Medicine of USC earns LGBTQ+ Healthcare Equality Leader 2026 designation
LOS ANGELES — Keck Medicine of USC hospitals and USC Student Health, part of Keck Medicine, received the LGBTQ+ Healthcare Equality Leader designation in the Human Rights Campaign Foundation’s 2026 Healthcare Equality Index (HEI).HEI is the industry standard benchmarking tool for LGBTQ+ inclusion and equity practices in the healthcare field,...
House Democrat says fight over ICE funding was ‘worth it’, despite $70B bill passing anyway
A Look At Flutter Entertainment’s Valuation As Shares Rebound But Long Term Returns Lag
Event driven snapshot Flutter Entertainment (NYSE:FLUT) recently attracted attention after a period of mixed share performance, with the stock rising over the past month but still showing declines over the past year and year to date. See our latest analysis for Flutter Entertainment. At a share price of US$112.94, Flutter’s recent momentum has been strong in the short term, with a 30 day share price return of 20.20%. However, the 1 year total shareholder return is still down 58.07%, which...
CD&R Engages Former Enovis CEO as Operating Advisor — Clayton Dubilier & Rice, LLC
We are a global private equity manager that invests in and builds valuable businesses.
Minnesota, facing a shortage of mental health facilities for kids, could lose two more
The state suspended the license of an East Bethel residential treatment facility, while another facility in the northern exurbs is closing this month.
AMC raises $150M as 2026 box office surge signals recovery
New $150M equity raise adds cash and strengthens AMC’s balance sheet, giving the company more financial flexibility as 2026 box office figures surge.
Social Security is Facing a Political Crisis
On Tuesday the Social Security Trustees released their latest report on the system’s finances. The numbers didn’t change much: Unless something is done, the Old Age Survivors and Disability Insurance (OASDI) program, Social Security’s official name, will be unable to pay full benefits starting in either 2032 or 2034, depending on some technical issues. That’s not far away: If the Trustees are right, the prospect of a Social Security crisis will loom over the next presidential administration. It’s important to understand, however, the nature of the looming crisis. It won’t be an economic crisis. It won’t even be a serious fiscal crisis. Whatever you may have heard, Social Security isn’t in danger of going bankrupt. What we’re facing, instead, is potential political crisis. Congress and the White House could easily take action to sustain America’s retirement system. But given the current state of our politics, there’s no guarantee that they will. There is a widespread misunderstanding of how Social Security works. While Social Security was designed to look like a pension fund, it isn’t. A pension fund pays benefits out of a stock of assets it has accumulated over time. In contrast, Social Security operates as a government transfer program, like food stamps or Medicaid. Now, unlike food stamps — but like the highway trust fund — Social Security is on paper supported by a dedicated tax, the payroll tax, that is assigned to that program. But I say “on paper” because from an economic point of view assigning the payroll tax to Social Security is just an accounting convention. What matters for the U.S. economy is the overall balance between government spending and government revenue, not the difference between one type of spending and one source of revenue. So there’s no inherent economic significance to the fact that by 2034 payroll tax receipts will be insufficient to cover promised benefits. There is, however, a legislative issue. As long as the Social Security Administration can pay benefits out of payroll taxes and its cash reserve, there’s no need for Congress to vote each year to authorize benefits — they just keep going out until further notice. However, once those resources become insufficient, benefits will fall —by 17 percent according to the Trustees — unless Congress passes new legislation that “tops up” Social Security’s finances. Yet the current administration and Republican party are such extremists that there is a real risk that Social Security will be held hostage on behalf of their goals. If this should come to pass, the hostage-takers will claim that shoring up Social Security is unaffordable. Right on cue, Mike Johnson, the Trump-sycophant Speaker of the House, declared on Monday that “entitlement programs” like Social Security “have to be adjusted and fixed,” and that Republicans will introduce a plan to that effect next year. But this is a ploy, because while the cost of maintaining Social Security benefits at their promised level isn’t trivial, it is in fact affordable. According to the Trustees’ report, the actuarial balance of OASDI up through 2050 — the amount of additional funds it would need to keep paying full benefits for the next 25 years — is 1.06 percent of GDP. To put that number in perspective, the Trump administration proposes increasing military spending next year by $420 billion, equivalent to about 1.4 percent of GDP – without any discussion of whether that’s affordable Yet how did we get to the point where Social Security will need to be topped up? The main answer is that we have an aging population, with a growing ratio of retirees collecting benefits to workers paying into the system: Trump’s anti-immigration policies are making this problem worse. According to the Trustees’ report, lower immigration will deepen Social Security’s financial hole because many immigrants are working-age adults who will pay into the system for decades before they collect benefits. In fact, this problem may be much bigger than the report acknowledges: The report’s baseline assumption is that we’ll have net immigration of almost 1.2 million people a year, and even the pessimistic case assumes 750,000 a year. Meanwhile actual net immigration has already been cut far below that — and may now be negative. Moreover, Social Security is being financially damaged by growing income inequality in America. Payroll taxes are levied only on wages up to $184,500, and they don’t touch capital income. With the distribution of income increasingly shifting from labor to capital, as well as becoming more unequal among wage-earners, revenue from the Social Security payroll tax has been falling as a share of national income. From 1990 to 2024, it fell from 5.02 percent of gross domestic income to 4.46 percent. Which brings me to the question that, these days, we ask about everything: How might Social Security be affected by the advent of AI? A short answer: If, as many of us fear, AI accelerates rising income inequality, it will further reduce the payroll tax receipts that currently pay for Social Security and further endanger its finances. On the other hand, if AI, as its advocates promise, leads to faster economic growth, it will increase the potential tax base that could and should be used to support Social Security and other social insurance programs. But to take advantage of that larger base, we’ll have to get serious about taxing wealth and capital income. Is Social Security in trouble? Yes, but only because of the way its financing is currently structured — a structure that no longer works well because our society and economy have become so unequal. Moreover, Trump’s immigration policies are further endangering its already deteriorating financial condition. So don’t believe Republicans’ gaslighting that it will be necessary to cut Social Security benefits. All that is necessary to preserve Social Security is political will to raise taxes on the wealthy and a sensible immigration policy. MUSICAL CODA Actually 67 under current law.
How to stop the college sports arms race before it’s too late
Reckless athletic spending is forcing students to pay the price.
Bills get visit from Sabres front office at minicamp
The Sabres visited the Bills again at spring practices.
Editorial: US Attorney Andrew Boutros and the politics of Broadview
Justice versus politics in in Boutros’ Broadview.
South African business confidence edges up in May after April slump
South African business confidence edged up in May after a sharp fall in April, as companies adjusted to the oil price shock triggered by the Iran war and vehicle sales remained buoyant, data showed on Thursday.
Is It Time To Reassess Live Nation Entertainment (LYV) After Recent Regulatory Scrutiny?
Wondering whether Live Nation Entertainment at around US$167.50 is priced for perfection or still offers room for value is a fair question for any investor looking at the stock today. Recent returns, including 2.0% over the past week, 2.8% over the past month, 15.3% year to date and 16.7% over the last year, along with a 92.4% three year return and 92.0% five year return, show how much sentiment on the stock has shifted over different time frames. Recent news coverage has focused on Live...
A $25 million lifeline in Philly for unhoused drug users with major health challenges
After years bouncing between emergency rooms and the street, patients get wraparound services through Project HOME’s recovery collaborative.
Ticket prices and streaming services are squeezing fans out of sports
Sports leagues like the NFL, NBA, and FIFA may be locking out fans and undermining their own business with high prices and too many streaming deals.
Deezer launches an AI music detector for other streaming services
Feed Deezer your playlists to find the AI slop.
Radiologists tout support for bipartisan bill to address interventional ‘payment crisis’
The Promoting Fairness for Medicare Providers Act seeks to smooth out reimbursement differences between office- and hospital-based settings.
More teens are turning to AI chatbots for mental health advice, report says
Summer Solstice Celebration entertains folks at Mallory Square
Every evening in Key West, locals and visitors gather at the waterfront Mallory Square for the world-famous Sunset Celebration, to immerse in a magical convergence of performers, artisans, and local
Dodgers Calling Up Minor Leaguer Amid Will Smith IL Stint
The Dodgers have made their choice on who will replace Will Smith, electing to have catcher Chuckie Robinson take over his spot.
New PENN Entertainment (PENN) Casino Set to Launch, Shares Jump Higher
PENN Entertainment Inc. (NASDAQ:PENN) is one of the 10 Stocks Surviving Market Slaughter. PENN Entertainment saw its share prices jump by 5.56 percent on Wednesday to close at $21.45 apiece, as investors positioned their portfolios ahead of the launch of a $360 million casino and hotel development in Illinois. In line with the closing of […]
Kenan Thompson explains how sharing an office with Colin Jost for 8 years led to a classic 'SNL' sketch
'Saturday Night Live' star Kenan Thompson explained how a famous sketch came about because he shared an office with Colin Jost. They were 'office mates for like eight years.'
England player ratings: Anthony Gordon proves his value but has Jude Bellingham done enough to guarantee World Cup start?
England finished their pre-tournament warm-up campaign with a much-improved 3-0 win over Costa Rica; Goals were scored by Declan Rice, Anthony Gordon and Ollie Watkins; Thomas Tuchel has a few starting spots still up for grabs - so, who made their mark?
Assessing Accel Entertainment (ACEL) Valuation After A Mixed Q1 Earnings Beat And Modest Share Price Reaction
Q1 report and tempered market reaction Accel Entertainment (ACEL) recently posted its Q1 results, with revenue up 8.5% year over year and ahead of analyst expectations, while earnings per share also beat forecasts but adjusted operating income fell short. The stock has seen a modest move higher since the release, suggesting that investors are weighing stronger top line and EPS figures against the softer adjusted operating income performance as they reassess the company’s current setup. See...
Jonah Hill and Channing Tatum in talks for '24 Jump Street' after years of development woes
Channing Tatum, Jonah Hill, and Ice Cube are all in talks for '24 Jump Street' after years of sequel development woes.
Tanner McKee takes second-team reps at Eagles minicamp practice
The Eagles continue evaluating their backup quarterbacks, and Tanner McKee received his turn with the second-team offense.
Trump administration warns hundreds of hospitals to increase price transparency or face fines
The Trump administration has warned more than 500 hospitals that they are failing to provide the public with basic pricing information — arguing that the lack of disclosure is keeping healthcare costs higher than they should be.
Some ECU Health hospitals named in federal price transparency review: system says issues have been corrected
ECU Health says it supports the goals of federal price transparency requirements.
'A great opportunity': $10 million is transforming how Triad EMS agencies approach healthcare
The 'NC Rural Health Transformation Program' aims to expand access to mental health and substance use disorder treatment services for communities across NC.
Kansas City mayor proposes ordinance targeting unlicensed businesses after mass shooting
Kansas City Mayor Quinton Lucas is proposing a new ordinance that would make it easier for the city to shut down unlicensed and unpermitted businesses.
Relay Payments snags its latest partner: Platform Science
Relay Payments has signed a deal to have its services available through Platform Science.
Florida Supreme Court rules new congressional map can stand for 2026 Midterms
Justices declined to intervene and reverse a circuit court decision that was upheld by an appellate court.
Big box office demand prompts AMC to postpone its interactive concerts
AMC is rescheduling its interactive concert experience for later this year. After a very lucrative start to the summer box office, the movie theater chain said it needed to refocus its June programming.
Humana To Divest End-Of-Life Care Business For $900 Million
Humana, one of the largest U.S. sellers of Medicare Advantage insurance for older adults, will divest its stake in a provider of end-of-life services for $900 million.
Science on Screen event explores severe weather events and climate change
The Georgia Southern Museum concluded its Science on Screen series last week with an event focused on severe weather, climate change, and disaster preparedness.
Google exits CBRS SAS administration business
The company is not accepting new customers and is giving existing customers until June 10, 2027, to tr | Google is shutting down its Spectrum Access System (SAS) business and telling Citizens Broadband Radio Services (CBRS) customers to migrate to a new SAS provider by June 10, 2027.
NBA Finals: MSG Sports calls NYC mayor Zohran Mamdani, police commissioner Jessica Tisch 'party poopers' amid Game 4 watch party dispute
Small Business Focus: Organized by Katie: Bringing real-life order to Arlington homes
Starting a business often begins with recognizing a need, and for professional organizer Kathryn “Katie” Kersavage, that need was closer than she realized. Kersavage officially launched Organized by Katie in March 2026, turning more than 15 years of informal experience helping friends and family declutter into a professional service designed for real life. Based in
NBA Finals 2026: Ticket prices for Game 4 plummeted $10K in recent days, more than Super Bowls, Taylor Swift concert
Google releases Android 17 QPR1 Beta 4 for Pixel
After the big release at I/O 2026 last month, Google is rolling out Android 17 QPR1 Beta 4 for Pixel devices.
Small business optimism falls to lowest level since October 2024
Market Domination host Josh Lipton welcomes NFIB Research Center Executive Director Holly Wade to discuss the latest NFIB Small Business Optimism Index, which fell to its lowest level since October 2024 as inflation concerns continue to weigh on business owners. The decline effectively erases much of the optimism gained following President Trump's return to office.
OpenAI suspects China-linked campaign tried to sway data center debate
OpenAI said the effort "sought to exploit and amplify existing public concerns about energy prices and local impacts of data center development."
Musab Balbale Departs CVS Health
Musab Balbale exits CVS Health after four years as chief merchandising officer. Zach Dennett steps in as interim leader.
Trump admin axes ties to dozens of progressive groups in 'direct opposition' to mission: 'Decisive action'
The Interior Department is cutting 43 partnerships and over $4 million in funding for groups tied to DEI, environmental justice and immigration.
'Can’t Believe I’m Actually Doing This': Klatt Becomes Voice Of College Football 27
Our team at FOX Sports caught up with Joel Klatt to get a behind-the-scenes look at how he became the new voice of EA Sports College Football 27.
Roundup: Small business owners / Elevated car prices / Teacher bonuses
Content creators: Some 73% of small business owners now identify as creators, showing how entrepreneurship is increasingly tied to content creation. These owners are building businesses through social media, audience engagement and personal branding alongside traditional operations. Overall, this reflects a shift where being a “creator” is becoming a core part of running a small […]
The next victim of the Supreme Court’s voting rights decision will be workers
The Trump administration wants to extend Justice Sam Alito’s approach to race to everything.
Leftward Progressives
As their name suggests, Leftward Progressives hold progressive views across nearly every issue area. Deeply supportive of expanding government services and the social safety net, they overwhelmingly support legal abortion and rights for lesbian, gay, bisexual and transgender people. This majority White group is deeply concerned about racial and ethnic discrimination in U.S. society. Leftward […]
Order and Opportunity Left
Order and Opportunity Left are the largest group in the political typology, making up 18% of the American public. They generally support a larger federal government with more services and are critical of some aspects of the economic system. But they couple this with a greater sense of economic individualism than the typology groups more […]
NBA Finals: MSG Sports calls NYC mayor Zohran Mamdani, police commissioner Jessica Tisch 'party poopers' amidst continued security efforts ahead of Game 4
PARAGON SPORTS- Specializes in NYC
Paragon Sports, New York City's independently owned Sports Specialty Store, today announced a series of in-store transformations and brand partnerships that underscore the company's strategy as the definitive sports specialty retail authority of New York City. The announcement coincides with the company being voted the #1 Sporting Goods Store in the United States by the USA Today Readers' Choice Awards.
Ranked choice count set for next week
When it comes to the ranked choice count, Deputy Secretary of State Kate O’Brien said it could take a few days to count all the ballots and then just a short time to run the totals through the ranked choice tabulation.
US judge rejects 'unprecedented' bid to block DOJ transgender health subpoenas nationwide
A federal judge in Maryland on Wednesday rejected a novel bid by LGBTQ rights advocates to secure a nationwide order preventing the U.S. Department of Justice from forcing healthcare providers across the country to turn over records about transgender youth who received gender-affirming medical care.
Democrats decry May inflation numbers that Trump says are 'great'
The Labor Department reported Wednesday that consumer prices rose 4.2% in May compared with a year earlier
Ubisoft Faces New Studio Closures And Mass Layoffs
Ubisoft Winnipeg is one of the offices that's shutting down
Gas prices push inflation to a three-year high, squeezing consumers and businesses
Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near
Dozens of Employees Laid Off at Ubisoft San Francisco Offices
Ubisoft has laid off dozens of people at Ubisoft's San Francisco offices, which includes marketing and IT staff.
MSG Sports criticizes NYPD and Mamdani over Knicks Game 4 security
James Dolan’s company slams mayor and police commissioner as ‘party poopers’ over large restricted zone
RWJBarnabas Health Announces Partnership with Union County to Launch Mobile Pediatric Unit, Community Health Clinics
RWJBarnabas Health and Union County today announced the signing of an agreement to roll out a new mobile pediatric unit that will provide local children with essential health services.
Public transport and businesses shut down amid fears of further violence
Additional police officers will be on the streets after violence erupted on Tuesday night following a knife attack in Belfast.
Inflation and volatility have business owners feeling more pessimistic
In May, more small businesses said they planned to raise prices in the next three months, the NFIB says.
Reflecting On Business Services & Supplies Stocks’ Q1 Earnings: HNI (NYSE:HNI)
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at HNI (NYSE:HNI) and its peers.
Nelson gets ‘goosebumps' from rise up Sixers' ranks
Rising to the No. 2 spot in the Sixers’ front office is a “surreal” feeling for Chester native Jameer Nelson.
Deals: AirPods Max 2, 240W Beats cable, MacBook Pro, more 9to5Mac
Today’s 9to5Toys Lunch Break is headlined by AirPods Pro 3 dropping even lower to the best price ever at $179...
Three of four Republicans who forced the release of the Epstein files are now out of jobs
With GOP Rep. Nancy Mace’s embarrassing fifth-place finish in the South Carolina gubernatorial primary Tuesday, three of the four House Republicans who forced the release of the Jeffrey Epstein files will soon no longer hold elected office.
Radial Entertainment Hires Brendon Thomas as Chief Revenue Officer
Radial Entertainment has hired former Paramount Global exec Brendon Thomas as its new chief revenue officer.
Radial Entertainment Hires Former Paramount Global Exec Brendon Thomas as Chief Revenue Officer
Former Paramount Global exec Brendon Thomas has joined Radial Entertainment as the company’s new chief revenue officer. At Radial he’ll handle revenue generation through the company’s library and acqu...
Federal small business loans open to local victims of drought
The U.S. Small Business Administration announced low-interest loans to small businesses and nonprofits affected by the drought that began April 28.
Sarcone Leads Revival of NDNY Health Care Fraud Task Force
The task force will focus on identifying emerging fraud trends, coordinating investigations among partner agencies, sharing intelligence, and pursuing both criminal and civil enforcement actions against individuals and organizations engaged in fraudulent conduct involving federal and state health care programs.
US business group says some critical minerals are 'nearly unobtainable' from China
U.S. access to critical minerals from China remains difficult due to export controls and licensing delays, a U.S. business lobby said on Wednesday, with Beijing's restrictions driving three-quarters of impacted companies to search for new supplies.
I On Politics
DUTCH KILLS ASSN MEETING JUNE 11: The Dutch Kills Civic Association will hold their final General Meeting of the season on Thursday, June 11 at 7:00 pm at the Growing Up Green school, located at 39-27 28th Street in Long Island City. Officers from the 114th Precinct will give updates about the community. QUEENS HOMEOWNERS
NACCHO Highlights Local Health Departments' Preparedness Efforts Ahead of the FIFA World Cup 2026
/PRNewswire/ -- The National Association of County and City Health Officials (NACCHO), the voice of the country's over 3,300 local health departments, commends...
Lucent Health Group Acquires Chambers Home Health & Hospice
Texas-based Lucent Health Group has acquired Chambers Home Health & Hospice. Financial terms were undisclosed. Chambers is a regional home health and
Scientists Found a Continent-Sized Geological Structure Hiding Beneath Antarctica
A team led by a geophysicist in Italy now believes that about 90% of Earth’s fresh water ice may not be on solid ground after all.
Apotex Health shares jump in Toronto stock market debut
Canadian health company Apotex Health rose about 17% above the initial public offering price at its Toronto market debut on Wednesday, bringing life back to a subdued market that had struggled to see new IPOs for years.
Dover Police Behavioral Health Unit Selected to Present at National Co-Responder Conference
The Dover Police Department is proud to announce that members of its Behavioral Health Unit (BHU), Corporal Jake Shepherd and Clinical Field Partner Watara Heath, were selected to present at the 20…
Minneapolis ICE raids cost city $700M in wages, business losses
Minneapolis leaders say that Operation Metro Surge cost residents and businesses nearly $700 million.
Johnson Continues American College Health Association Service
Meredith College's Director of Student Health and Wellness, Mary Johnson, DNP, FNP-BC, CWP, continues to serve in leadership roles within the Southern College Health Association (SCHA), the regional affiliate of the American College Health Association (ACHA).
Business Travel Holds Steady as Travel Costs Rise
SAP Concur data shows companies have maintained business travel in 2026 despite rising fuel prices and higher travel costs. Learn more.
Kyndryl Launches AI Orchestration for Business to Accelerate Agent-Driven Transformation
/PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission‑critical enterprise technology services, today announced Kyndryl AI Orchestration for...
Reform deputy says ‘not aware’ of more financial gifts but unable to check all members
Richard Tice grilled at first party press conference since £5m gift to Nigel Farage from crypto billionaire revealed
How Alvarez became Europe's most sought-after striker
Julian Alvarez heads to the World Cup aiming to fire Argentina to back-to-back triumphs at a time when he is the subject of one the most sensational transfer bids ever made.
AAI Statement on House Appropriations Committee Markup of FY 2027 Labor, Health and Human Services Bill
AAI statement in respose to the House Appropriations Committee’s markup of the fiscal year (FY) 2027 Labor, Health and Human Services, Education, and Related Agencies appropriations bill.
The Latest: Trump says Iran 'will have to pay the price’
The U.S. military launched airstrikes and Iran retaliated following the crash of an Army helicopter, blamed on a collision with an Iranian drone near the Strait of Hormuz
Inflation rose again in May as elevated energy prices squeeze consumers
The Bureau of Labor Statistics released the consumer price index (CPI) inflation data for May which showed that inflation rose and remained persistently high last month.
What The Karmelo Anthony Case Reveals About Bullying, Adolescent Mental Health, And The Conflicts We Ignore Until It's Too Late
The conviction of Texas teenager Karmelo Anthony has sparked national debate about race, justice, and accountability. But what happens when bullying, adolescent mental health struggles, and unresolved conflict are ignored
A Look At PENN Entertainment (PENN) Valuation As It Opens A New Land Based Hollywood Casino Aurora
PENN Entertainment (PENN) is reshaping its Illinois footprint as it prepares to close the longtime Hollywood Casino Aurora riverboat and open a new US$360 million land-based complex later in June. See our latest analysis for PENN Entertainment. The latest Hollywood Casino Aurora announcement comes after a strong run in PENN Entertainment's stock, with a 36.8% year to date share price return and a 36.7% 90 day share price return. However, the 5 year total shareholder return is down 74.1%, so...
Craig Federighi Explains Why Apple Pivoted to a Siri Chatbot App
Apple senior vice president of software engineering Craig Federighi has explained why the company launched a standalone Siri app in iOS 27, after previously characterizing a dedicated chatbot as contrary to its Apple Intelligence strategy. The new Siri app, announced at WWDC earlier this week, gives users a centralized place to manage and revisit their conversations with Siri AI.
Xbox's Matt Booty Talks Bringing Back Exclusivity, Lessons Learned, And The Future Of Xbox
We sit down with Xbox's chief content officer to talk the recent struggles and successes of Xbox.
Business Restructuring Review Vol. 25 No. 3 May-June 2026
In This Issue Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief In In re Siu-Fung Ceramics Holdings Limited, No. 24-33299, 2026 WL 382424 (Bankr. S.D. Tex. Feb. 10, 2026), the court denied petitions for chapter 15 recognition of Hong Kong bankruptcy and liquidation proceedings commenced on behalf of an individual debtor and a group of companies that he owned or controlled. According to the court: (i) the corporate debtors' Hong Kong liquidation proceeding was not eligible for chapter 15 recognition because the attorney retainer upon which such relief was based was not funded until nine months after the chapter 15 petition date; and (ii) the individual debtor's Hong Kong bankruptcy case could not be recognized because the debtor's "center of main interests" on the chapter 15 petition date was not in Hong Kong, and he did not even maintain an "establishment" there. [read more …] Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions In In re Container Store Group, Inc., 676 B.R. 356 (S.D. Tex. 2026), appeal filed, No. 26-20166 (5th Cir. Apr. 14, 2026), cross appeal filed, No. 26-20166 (5th Cir. Apr. 24, 2026), the U.S. District Court for the Southern District of Texas addressed consensual third-party releases and gatekeeping provisions in the aftermath of the U.S. Supreme Court's ruling in Harrington v. Purdue Pharma L.P., 603 U.S. 204 (2024). Consistent with existing Fifth Circuit precedent, the court confirmed that, in appropriate circumstances, consent for third-party releases may be obtained through a creditor's failure to opt out of granting that consent. But, the court ruled, consent through an opt-out mechanism essentially can never be inferred for creditor classes that stand to receive no recovery under a chapter 11 plan and that are deemed to reject the plan by operation of applicable bankruptcy law. Instead, those classes must affirmatively opt in to any release. The court also narrowed and remanded the bankruptcy court's acceptance of a broad gatekeeping provision, ruling that such provisions must correspond to the restrictions established by Fifth Circuit precedent. [read more …] Delaware Bankruptcy Court: Initial Transferee Need Not Be Defendant in Fraudulent Transfer Avoidance and Recovery Litigation The Bankruptcy Code gives a bankruptcy trustee the power to avoid asset transfers that are either made with the intent to defraud creditors or that are "constructively" fraudulent because an insolvent debtor did not receive adequate value in exchange. The Bankruptcy Code also permits recovery of an avoided transfer from not only the initial recipient, but also from subsequent transferees. Courts disagree over whether a transfer must actually be avoided before the trustee can seek recovery from a subsequent transferee and whether the initial transferee must also be a defendant in the recovery litigation against a subsequent transferee. The U.S. Bankruptcy Court for the District of Delaware weighed in on this debate in Phillips v. SS Associates LLC (In re ONH AFC CS Investors, LLC), No. 23-10931 (CTG), 2026 WL 312892 (Bankr. D. Del. Feb. 4, 2026). The court adopted the majority view, ruling that the initial transferee need not be a defendant in avoidance and recovery litigation against a subsequent transferee, but that the trustee must establish the elements necessary to avoid the initial transfer as part of the recovery litigation. [read more …] New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions In order to assume and assign an executory contract or unexpired lease, a bankruptcy trustee must cure most defaults under the agreement and provide "adequate assurance" of the assignee's future performance. However, the Bankruptcy Code provides no guidance as to the meaning of "adequate assurance" other than with respect to shopping center leases. In In re Broadway Realty I Co. LLC, No. 25-11050, 2026 WL 147505 (Bankr. S.D.N.Y. Jan. 19, 2026), the U.S. Bankruptcy Court for the Southern District of New York examined this issue in connection with a proposed assignment of thousands of residential leases as part of a free-and-clear sale of debtors' properties. The court held that "adequate assurance" does not mean a guarantee of the assignee's future performance, but merely demonstration that the assignee has the ability to satisfy the underlying obligations. The bankruptcy court also ruled that an exculpation provision in the debtors' chapter 11 plan exonerating non-estate fiduciaries from liability for actions taken in connection with the chapter 11 case was unobjectionable, provided it was limited in scope to postpetition conduct and actions taken in connection with implementation of the plan after its effective date. [read more …] Newsworthy Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington) were included in the 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers. The Daily Business Review selected Isel M. Perez (Miami) as an "On the Rise" winner for the Florida Legal Awards. The Florida Legal Awards annually recognize those who have made significant contributions to the legal industry in Florida. Dan T. Moss (Washington/New York) was inducted as a Fellow in the 37th Class of the American College of Bankruptcy at its Annual Meeting in March 2026 in San Antonio, Texas. Christine Borries (Munich) was ranked in the practice area Restructuring/Insolvency in the 2026 edition of Chambers Germany. The 2027 edition of The Best Lawyers in Singapore™ recognized Sushma Jobanputra (Singapore) in the practice area Insolvency & Reorganization. The restructuring transaction involving Eissmann Automotive North America, Inc. received the "2025 Turnaround of the Year (Large Company)" at the Turnaround Management Association (Detroit) Annual Awards Reception. T. Daniel Reynolds (Cleveland) and Nick Buchta (Cleveland) represented subsidiaries of Eissmann Group Automotive in connection with the parent company's German insolvency proceedings. Roger Dobson (Sydney) is among 40 Jones Day lawyers recognized by The Best Lawyers in Australia 2027 for his contributions in Banking and Finance Law; Distressed Investing & Debt Trading; Insolvency and Reorganization Law; Litigation. An article written by Corinne Ball (New York) titled "Ard Finance—A Global Enterprise Combining an LME With a Foreign Insolvency Proceeding and Chapter 15" was published in the April 21, 2026, edition of the New York Law Journal. An article written by Alex Sapp (New York) titled "Recent Developments in Section 510—Subordination" was published in the 2025 edition of the Norton Annual Survey on Bankruptcy Law. An article written by Brad B. Erens (Chicago) titled "New York Bankruptcy Court Approves Insider DIP Litigation Financing" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Corinne Ball (New York), Dan T. Moss (Washington/New York), David S. Torborg (Washington), and Isel M. Perez (Miami) titled "New York District Court Affirms Narrow Scope of 'Public Policy Exception' in Chapter 15 Cases" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Jeffrey B. Ellman (Atlanta) titled "Statutory Cap on Lease Rejection Damage Claims in Bankruptcy Applies to Solvent Debtors" was published on April 6, 2026, by Lexis Practical Guidance. An article written by Trisha L. Mowbray (Real Estate; Chicago) and Ryan Sims (Washington) titled "Chapter 11 Plan that Abridged Non-Debtor Lessee's Rights to Remain in Possession After Rejection Unconfirmable as Having Been Proposed in Bad Faith" was published on April 6, 2026, by Lexis Practical Guidance. Lawyer Spotlight: Ben Rosenblum Ben Rosenblum, a partner in the New York Office, represents debtors, creditors, and other parties in out-of-court restructurings and court-supervised proceedings, including chapter 11 cases, municipal bankruptcies, international insolvency matters, and stockbroker liquidations. His experience spans industries such as manufacturing, shipping, mining, aviation, energy, real estate, and telecommunications. Ben's notable debtor representations include Peabody Energy, the City of Detroit, Chrysler LLC, Spansion Japan, and Dana Corporation. Significant creditor representations include General Maritime Corporation, Calpine Corporation, American Home Mortgage, and Murray Energy. He currently represents creditors in Puerto Rico's restructuring. He also has extensive experience advising financial institutions on bankruptcy law as applied to derivatives.
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