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Michigan health expert talks impact of Canadian wildfire smoke: There's really a long list of who is at risk"
The current air quality in Michigan has doctors, especially cardiologists, concerned for their patients.
‘Social media bans are likely to make things worse’: psychologist Candice Odgers on kids, tech and mental health
She has studied adolescent mental health for 25 years and fears the debate obscures some of the biggest issues facing teenagers – from the impact of Covid to the health of their adult caregivers
Every Hit Counts: The new science behind football and dementia
After decades of debate fueled by courtroom battles, documentaries, and heartbreaking personal stories, the scientific picture linking repetitive head impacts to neurodegenerative disease is becoming sharper. A landmark study of nearly 20,000 NFL players replaces speculation with one of the strongest population-level analyses yet of how football, career length, and playing position influence the long-term risk of brain disease.
WakeMed warns of impact from State Health Plan's new tier designation
WakeMed is raising concerns after being designated a non-preferred provider under the State Health Plan's new four-tier network,
ZeniMax Online Studios leadership to exit as part of Xbox cuts
There are major changes happening atop Maryland-based ZeniMax Online Studios, developer of the Elder Scrolls Online, Game File has learned. Joe Burba, a 14-year veteran of the studio who was appointed to run it last July, is departing, along with ESO executive producer Susan Kath, studio game director Rich Lambert and production director Ala Diaz. Their roles were listed among hundreds of others cut last week from the Maryland offices of ZeniMax, in a WARN letter sent to the state by ZeniMax and obtained today by Game File. Tonight, BUrbam Kath, Lambert and Diaz notified Zenimax Online Studios workers of plans to “transition” to a new leadership team consisting of promoted ZOS veterans. That transition will occur “over the next few months,” they told workers, according to a copy of the notice reviewed by Game File. “We will remain in place during the transition period to help ensure a smooth handoff.” Last week, Microsoft laid off of 1,600 workers across its vast gaming teams in locations around the U.S. and abroad. Just who has been impacted and how hard various studios have been hit has been emerging day by day. Game File reported last week that Microsoft/ZeniMax notified officials in Maryland that 379 gaming jobs were being cut across the state. They tallied cuts in two locations: one for ZeniMax Media Inc. (covering Elder Scrolls/Starfield/Fallout-maker Bethesda Game Studios and central Bethesda game publishing) and one for ZeniMax Online Studios (Elder Scrolls Online). More than 200 jobs were cut at the latter. Last week’s totals did not reveal job titles, nor did Microsoft announce any leadership changes in the ZeniMax group. That has now happened. Earlier today, Game File obtained from Maryland officials a breakdown of the 379 impacted roles, which, extraordinarily, included “studio head.” Microsoft later confirmed to Game File which studio head that referred to: ZeniMax Online Studios’. Microsoft has since has notified studio employees and internally announced new leadership. ZOS will now be run by Josh Henderson, previously head of business operations at the studio, and Nick Giacomini, who was promoted to game director for ESO last August. Game File is a reader-supported publication. To receive new posts and support my journalism, please consider becoming a free or paid subscriber. Subscribe Last week’s news of 200+ cuts at ZeniMax Online Studios generated public sympathy for those workers and questions about the long-term viability of the Elder Scrolls Online. ESO is a massively multiplayer online game that inherently persists on the strength of new content being developed for it. Earlier today, fans and workers in Maryland protested the cuts at the ZeniMax teams in a rally organized by the Communication Workers of America, the union that represents many of the impacted employees. Regarding concerns around the game, a community manager stated on Saturday: “The plan is still to deliver great content, and we will hopefully have an update soon.” In their note to the studio today, the outgoing leaders of ZeniMax Online Studios predicted “growth” for the game: We have tremendous confidence in Josh and Nick, the future of this studio, and the continued growth of ESO. With exciting experiences still ahead for our players as we wrap up work for Update 51 and beyond, we believe that your passion, creativity, and commitment to each other and the community will continue serving as the heartbeat of ESO. The list of jobs cut in the ZeniMax WARN notice in Maryland includes several very senior roles, including: Studio Head Studio Operations Director Studio Game Director Studio Audio Director Studio Art Manager Vice President and Controller VP, Global Sales & Business Development While some of those job descriptions match the exiting ZOS leadership team, Game File couldn’t verify if all were from that studio. The full list of cut roles shared by Maryland officials also covers workers at Bethesda Game Studios and its central publishing office. The following is an excerpt: The list of 379 eliminated ZeniMax jobs in Maryland also includes: four animators three bilingual CS (community service) leads for Chinese, Italian, and Japanese a creative director for the Elder Scrolls Online Player Life Cycle two food service workers seven producers more than 60 senior QA testers. and many others The WARN notice states that almost all of the 379 workers were notified of their layoff on July 6. In fine print, it states: “Approximately 9 employees were notified of the elimination of their position prior to July 6, 2026.” A 2021 mega-merger scaled back Microsoft announced in 2020 that it intended to buy ZeniMax and its network of game studios in 2020, and closed the $7.5 billion deal in March 2021. The purchase, which preceded Microsoft’s acquisition of Activision Blizzard, added several award-winning studios to Microsoft’s portfolio, including Bethesda (Elder Scrolls, Fallout), Arkane (Dishonored), and id Software (Doom). The studios’ output since then included a 2024 Game of the Year contented from MachineGames in the form of Indiana Jones and the Great Circle along with Starfield from Bethesda and the poorly-received Redfall from Arkane Austin. In recent years, a Microsoft repeatedly in cutback mode closed ZeniMax’s Tango Gameworks (which was reconstituted by Krafton) and closed Arkane Austin. The Xbox cuts last week have hit the ZeniMax group hard, with 158 jobs eliminated in Texas, many of them at id, and 379 from the ZeniMax teams in Maryland. Xbox also said last week that it would be entering a consultation process around Arkane Lyon, a process expected to end in a sale, shutdown or other form of divestment. The Lyon team has been working on a game tied to Marvel’s Blade vampire-hunting super-hero.
Mental health experts warn of extreme heat's impact on some medications
The States Try to Topple WarnerMount…Thus Begins the Local Antitrust Era
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, it looks like it’s time for another strategy column. Can I finally avoid writing about M&A? No, it seems I cannot. Admittedly, I’m a week early with this column, since I usually put it out every other week. But this news couldn’t wait. This will make three “Most Important Stories” in a row with a merger or acquisition as its centerpiece. First, Roku-Fox (an acquisition), then Comcast-NBCUniversal (a divestment!), and now the State AGs and the WGA’s lawsuits against Paramount’s pursuit of Warner Bros. Discovery (antitrust). M&A is usually the “most important” topic any given week, simply because a giant company merging or breaking up (or preventing those outcomes) can have the biggest impact on the streaming board. If you think about these companies as players in a game, changing the number of players is one of the biggest changes you can make. I shouldn’t really complain, either, since this lawsuit is very good news for customers and suppliers (econ speak for talent, workers and indie studios in Hollywood). So let me answer some questions about this potential trial, along with (shudder) making some heavily caveated predictions. I’ll also look at whether Hollywood must consolidate, whether or not the states can win, trouble at X-Box, Netflix’s YouTube binge, and more. Plus, I have five images that visualize this merger and the harm, including three brand new data looks you’ve never seen before. Subscribe Most Important Story of the Week - Can The States and the WGA Stop Hollywood’s Consolidation (Crisis)? If every other newsletter and news outlet is writing about the same story, I try to avoid writing about it as well, but I can’t ignore a story this consequential. The story of the last year was the fate of Warner Bros. Discovery, and this development potentially extends that saga into 2027. As I tried to figure out my angle, I realized, like my last column, I’m again faced with a series of questions. These questions, though, are much more forward-looking. Will the states win? Will the WGA win? If so, what happens to Warner Bros. Discovery? Either way, will this chill the market for future mergers? So you know what that means: predictions. About the future, no less, the hardest thing to predict.1 Just remember: nothing here comes with a guarantee. And the more confident someone is in their predictions, the less you should trust them. This situation is incredibly fluid, nuanced, uncertain and tenuous. So let’s try to explain what may happen. Question: Why File this Lawsuit? I’ll admit, a few months back, I was fairly pessimistic about the fate of this lawsuit. Rumors had started bubbling up that the state Attorneys General (in particular California) wanted to settle with either some minor divestments (usually CNN) or behavioral remedies. And that tracked for me: the states usually settle lawsuits, like the recent John Deere right-to-repair suit. Yet, they plan to fight this. (As they did the LiveNation-Ticketmaster monopolization trial and the Nexstar-Tegna merger.) Honestly, that also makes a ton of sense. Frankly, this move is just good politics for these State AGs. Most are still running for higher and higher office in blue states—some folks have emphasized that only Democratic AGs joined this suit, but given the Ellison/Trump ties, and fears of retribution, that tracks—and a high profile case like this will help them move up the electoral ladder, especially since Paramount and its leadership (the Ellisons, father and heir) have sided with the other side of the political aisle. That makes them unsympathetic to Democratic voters and Hollywood workers in particular. Why did this lawsuit happen? In addition to the very real concerns about industry consolidation, this is why. That said, I don’t think we would have seen this lawsuit for Netflix and Warner Bros., simply because they’re more sympathetic and aligned with Democrats. But those consolidation concerns are real. The “town”—meaning Hollywood and such—really is seeing the damage of mergers on this industry. That’s why the WGA also filed its own lawsuit in defense of workers as well. (Wildcard: What about Europe? Will they try to stop the deal, too? There have been some rumors out of the UK they may try to fight the deal, and UK enforcers just stopped a Getty Images-Shutterstock tie up, so there is precedence. This argument could go either way, though. On one hand, the EU doesn’t need to step in, cause they states are handling it. On the other hand, this could make the EU’s case easier. Just imagine if both sides coordinated. I’ll simply say, “We’ll see!”) Question: Will The State AGs or the WGA Win? Can the state AGs play David to Paramount-Skydance’s Goliath here? That’s really the whole thing, isn’t it? If you know this result, you could make a lot of money. When things are uncertain, it’s tempting to shrug and say, “Eh” meaning it’s a 50/50 proposition. I wouldn’t, though. When in doubt, you should expect that the merging parties succeed. AT&T did successfully buy Warner Bros., after all, and Disney bought Fox without any challenges. Many judges are extremely sympathetic to mergers, and I’d bet the state AGs get a judge who will allow the merger. (Even Obama-appointed judges often allow mergers.) As I understand it, we’ll see two main attacks. First, theatrical films. The AGs are arguing that, when it comes to share of box office and the number of both “wide releases” and blockbuster (or “tentpole”) films, the merging parties will have over 27% market share. Now, the Supreme Court once ruled from on high that any merger that exceeds 30% is presumptively illegal, but that’s guidance, not an ironclad bar. Still, the states will have to argue that this is close to having too much power, and with that power, this will likely further worsen the theater/studio splits in particular. Indeed, as Matthew Stoller pointed out, “just five studios are responsible for 95% of all blockbusters; if this merger goes through, then Paramount and Disney will control 60% of that.” So yes, movie studios will be very concentrated after this merger. Want me to visualize some of that? Well, here’s the share of films that grossed over $200 million at the domestic box office since 2022. (Note: this isn’t all films released in over 3,000 screens, but it is a good look at market power.) First, here are the 43 films by studio: Notice all the blue (Disney), orange (Universal), and purple (Warner Bros)? Yeah, those studios are powerful, and this combines Paramount with one of them. Here’s the look by studio and share of the films that grossed over $200 million: Now, if you look at that and also think, “Huh, should we break up Disney?” I’m with you. I’ve seen some folks poo-poo this idea that this is a real category, but it is! For an upcoming article, I’ve been pulling data on the share of top 100 films at the box office as a share of total box office, and it’s massive. Here’s the chart: (This analysis looks at The-Number’s top 100 films and total domestic box office each year.) To be clear, tentpoles make up 80.7% of the box office each year, so I do think it’s a genuine market. (To be clear, films grossing over $50 million make up 80% of the domestic box office, and films grossing over $100 million make up 64.1%.) I mean, the top 100 films at the box office make up 95% of each year’s grosses. Worse, the combined studios will likely cut output to flex that market power. Everyone can just look at what happened to Disney and Fox to see the precedent. (With fewer films, the remaining theaters have to give more for those few films that remain.) Here’s an image I’ve used a lot, the share of wide-release films from Disney and Fox over time: The AGs will also argue that this consolidation will also impact the cable industry. In this case, the consolidation is actually worse, but that environment is…complicated. Paramount will argue that the cable industry is shrinking. That said, predictions that cable will “go to zero” also don’t look very well supported by the data, as the declines are shrinking, meaning “cable” or “vMVPDs” will likely stabilize at some point. Can the state Attorneys General win on those two main arguments? I honestly don’t know. Again, I’d bet no, since history in general supports that, but it depends on the judge/jury and how they interpret the arguments. Notably, Paramount won’t face accusations about monopoly power in other areas, like streaming, news, sports rights, or vertical integration. I tend to disagree with leaving out sports rights, but I also see the appeal for a simpler case. The states also aren’t really pushing novel theories about labor harm either, which should help. (By the way, Sean McNulty at The Ankler wrote a great run through of potential options, and Capitol Forum also wrote a great paper on theatrical consolidation. Both these pieces predated the lawsuit. Matthew Stoller is also out with his analysis of the pros and cons of the case too.) In some ways, the WGA’s case is even stronger. Quoting Sean McNulty’s summary: “The WGA is citing WARNAMOUNT as crossing a 30% market share in multiple sectors, a number that the Supreme Court has precedent for deeming “presumptively anticompetitive” in a market. According to the WGA numbers, WARNAMOUNT would have represented: - 35% of film writing jobs between 2021 and 2024 - 36% of TV writing projects between 2022 and 2025 - 38% of overall deals between 2021 and 2024” Notably, antitrust enforcers did win recently in the Penguin-Simon & Schuster merger by focusing on labor impact, so don’t count this thinking out. (Wildcard: Will the states try to get a jury trial? Most likely no, they’ll let a judge handle it. If I’m them, though, I’d try to put this in front of a jury. Juries tend to understand monopoly power in a more realistic way than judges faced with legions of economists.) Question: What if They Win? What if They Lose?
Major water main break closes local road, impacts nearby businesses
It happened on Grandin Road, forcing a closure just east of State Route 48.
Some roads around unstable Glen Burnie building reopened to help businesses
Anne Arundel County has reopened access to some businesses near the structurally compromised Empire Towers building while announcing financial assistance for businesses still impacted by the ongoing emergency.
How Does Air Quality Affect Our Health?
Our experts explain the impact of air quality on health and how to best protect ourselves.
Stephen Curry honored with Muhammad Ali Sports Humanitarian Award
Curry honored at Sports Humanitarian Awards in recognition of his community impact through the Eat. Learn. Play. Foundation.
In Good Health: The Alzheimer’s Research Revolution
An Alzheimer’s diagnosis can have a real impact on a person and their family. There’s a lot to consider — what the future will hold, what symptoms they’ll experience, and on what timeline.About 7.5 million people in the U.S. currently suffer from Alzheimer’s. Every year, around half a million more are diagnosed with the disease or another form of dementia. As the population gets older, that figure will continue to rise.For decades, researchers have struggled to understand these kinds of diseases. But when it comes to testing and treatment, particularly for Alzheimer’s, there have been significant advances in the past few years.In this installment of our series, “In Good Health,” we tackle the revolution in dementia research. What will that mean for patients?For more information on dementia research, find Pam Belluck’s latest reporting at the New York Times. And Dr. Karlawish’s “Neurotransmissions” column at STAT News, covering dementia care and research.Find more of our programs online. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.
The Academy Comments on OMB Proposal
A new federal proposal to overhaul the allocation of government funding would impact the Academy.
ESA Announces 2026 Recipients of the Interactive Entertainment Impact Awards
/PRNewswire/ -- The Entertainment Software Association (ESA) today announced the 2026 recipients of the Interactive Entertainment Impact Awards: Representative...
Eleven Sports Media, Arizona Cardinals Partner To Drive Impact For Local Businesses
Arizona Cardinals Official Team Website I Arizona Cardinals – AZCardinals.com
Eleven Sports Media, Arizona Cardinals Partner To Drive Impact For Local Businesses
Arizona Cardinals Official Team Website I Arizona Cardinals – AZCardinals.com
The 2026 Sports Humanitarian Awards honored Stephen Curry, Jeffrey Lurie, Laurie Tisch, the Baltimore Ravens & more
Tuesday, July 14, athletes and celebrities gathered at Gotham Hall in New York City to celebrate and honor athletes, teams, leagues and members of the sports industry who use the power of sport to make a positive impact on society for the 12th annual Sports Humanitarian Awards.
How the war in Ukraine impacts the law and politics of security guarantees
The paradoxical revival of security guarantees Russia’s full-scale invasion of Ukraine in 2022 has revived the concept of security guarantees. Their content and scope have been central to scholarly and political debates about Kyiv’s resistance to the Russian aggression (see here and here). Yet, this revival highlights a paradox: if existing arrangements had been effective, […]
Scientists sail to Greenland to study melting ice sheets
A Cambridge scientist is leading the pioneering study into the impact of melting glaciers on our oceans.
Entertainment and environmentalism: 6 events to attend in the Austin area July 17-19
Check out six events to explore from Georgetown to New Braunfels.
ESPN's 2026 Sports Humanitarian Awards honors people using power of sports for good
The 12th annual award ceremony celebrated athletes, teams, leagues and members of the sports industry who use the power of the sport to make a positive impact on society and communities.
ESPN's 2026 Sports Humanitarian Awards honors people using power of sports for good
The 12th annual award ceremony celebrated athletes, teams, leagues and members of the sports industry who use the power of the sport to make a positive impact on society and communities.
ESPN's 2026 Sports Humanitarian Awards honors people using power of sports for good
The 12th annual award ceremony celebrated athletes, teams, leagues and members of the sports industry who use the power of the sport to make a positive impact on society and communities.
ESPN's 2026 Sports Humanitarian Awards honors people using power of sports for good
The 12th annual award ceremony celebrated athletes, teams, leagues and members of the sports industry who use the power of the sport to make a positive impact on society and communities.
'Weather the storm of construction': New funding for businesses impacted by streetcar
Omaha offers new funding resources for businesses impacted along streetcar route. The Streetcar Business Impact fund provides money to businesses with proven revenue decreases.
Paramount-WBD merger could impact entertainment options
California Attorney General Rob Bonta joins "Here's the Scoop" to discuss how the merger between Paramount Skydance and Warner Bros. Discovery could impact the entertainment industry.
One year since Petersburg flooding, businesses still feeling impacts
Today marks one year since severe storms swept through central Virginia — leaving parts of Petersburg underwater. Families were displaced, and businesses on Bank Street were left to clean up the me…
Minnesota wildfire smoke prompt air quality alerts. Here’s the health impact
Maroon, purple and red air quality alerts cover larger portions of the state increasing health risks greatly, agency says
COCC Business Center Administrator Earns Pat Tillman Scholar Honors
Central Oregon Community College’s Keith Sherrill, who oversees the Small Business Development Center’s small business management program, has been named a 2026 Pat Tillman Scholar. The national honor, which recognizes leadership impact and service to others, awards academic aid to approximately 60 U.S. military service members, veterans or spouses each year. Fewer than 3% of […]
Global misinformation takes center stage at Emory conference
Emory College brought together leading scholars to study propaganda and information manipulation, emphasizing feedback and collaboration over traditional presentations to better address the growing global impact of disinformation.
SGMC Health Foundation Receives Gift for Joyce Aigen Labor and Delivery Unit
The SGMC Health Foundation announces the naming of the Joyce Aigen Labor and Delivery Unit at SGMC Health, honoring Ms. Joyce Aigen and her lasting impact on family and community.
Data Centers and Health: Understanding the Impacts and Taking Action
Join us for a webinar series that will equip attendees with the knowledge they need to speak confidently about the health and environmental justice harms from the rapid buildout of data centers.
Johns Hopkins APL’s Yee and Murchie Honored for Lasting Impact in Space Science | Johns Hopkins University Applied Physics Laboratory
Scientists Sam Yee and Scott Murchie were jointly awarded APL’s Lifetime Publication Achievement Award for work that has documented discovery, driven space missions, shaped scientific priorities, and advanced the field.
Google DeepMind CEO issues stark warning about AGI
Google DeepMind's Demis Hassabis advocated for a US-led coalition to govern AI development, highlighting AGI's impending global impact.
When facing allegations of bad behavior, are there red lines for politicians?
In the post-#MeToo era accusations of sexual misconduct have increased. But while some politicians have ended their campaigns or resigned, others have survived such allegations, raising questions about how voters evaluate charges and the impact of partisanship.
Hochul enacts first statewide data center moratorium
Her executive order will pause the permitting process for up to a year to evaluate environmental impacts.
‘Water rushing through the bricks’: Pipe burst floods Cleveland business, impacts service
Council President Blaine Griffin said he’s going to see what he can do to address Cleveland’s aging infrastructure after a water main break left people without water and flooded a local business.
'Amazing heartland of the US': Some Kansas City-area businesses thriving after World Cup experience
"I feel like it's been great for the city": The World Cup business bump may not have been universal, but many KC-area businesses say the influx of visitors has made a major impact.
Soccer, not just American football, may affect long-term brain health, study suggests
As the World Cup nears its final, a new study raises questions about whether long-term soccer head impacts could affect brain health.
Anne Arundel County launches grant to assist businesses impacted by collapse zone
The AAEDC launched a grant to assist businesses neighboring Empire Towers, a 10-story office building that had its underground parking garage compromised Friday
Trey Gowdy reflects on Sen Lindsey Graham’s impact on politics as sudden death stuns DC
'Sunday Night in America' host Trey Gowdy recounts his favorite moments with late Sen. Lindsey Graham, R-S.C., on ‘America Reports.’
Boundary Spanning Leadership's Impact on Public Health
Explore three examples of Boundary Spanning Leadership's public health impact, from overdose to Alzheimer's to youth behavioral health.
A heart for health
Albany High retiree Mary Kelly has a heart for health that expands beyond her professional responsibilities. Not only did she serve the City School District of Albany for over 23 years as a nurse, she also has been a faithful supporter of our food pantry here at Albany High! Since June 2022, Kelly has given a monthly donation to the Regional Food Bank of Northeastern New York specifically designated for Albany High. Thanks to Kelly and other individual donors and partner organizations, our students and their families can have access to nutritious food, free of cost at the Falcon Market. As someone who raised three boys, she knows how hard it can be to keep one’s shelves stocked at home. “I remember when they would sit down, three teenagers, eating a box of cereal a piece as a snack,” Kelly reminisced with a laugh. “Who can afford that nowadays?” Known affectionately as Nurse Kelly throughout her career in the district, she served our students at the elementary, middle and high school levels, and was stationed at Albany High from 2019 until her retirement. By caring for students day in and day out, Kelly was keenly aware of the negative impact of food insecurity on the lives of young people. This is what motivated her to take a proactive step towards improving access to nutritious food for our students and families. Kelly’s generosity is a way to carry on the memory of her youngest son, who passed away in 2019. “The kindnesses that I do are always in his memory,” Kelly shared. On behalf of our Albany High staff, students and families, we thank Nurse Kelly for her incredible support and wish her all the best during her retirement. For more information about how to support the Falcon Market with in-kind or financial donations, please contact Joey DiPiazza at jdipiazza@albany.k12.ny.us.
Turn Earth Data into Real-World Impact with NASA's Earth Science Applications Guidebook
This interactive resource guides users through Earth Science at NASA, developing Earth Action proposals, and managing an Earth Action project.
7 Knights Earn 2026 NSF Graduate Research Fellowships
The U.S. National Science Foundation Graduate Research Fellowship program is among the most distinguished honors for graduate students conducting research with potential impacts across engineering, science and sustainability.
200 economists and executives warn on AI's job impact: read the letter
Executives and researchers from OpenAI, Google DeepMind, and Anthropic all signed the 88-word letter released on Monday.
The One Healthcare Goal That Could Change Everything
A cross-sector goal—making sure every American always knows the date of their next primary care appointment—could be transformative in its impact.
Protecting yourself against alpha-gal syndrome
Alpha-gal syndrome, sometimes called red meat allergy or tick bite meat allergy, can have an impact far beyond what’s on someone’s dinner plate.
When regulation is good for business
By now, I think I have established both my view that I am a fan of ESG investing and the benefits of regulating what is and isn’t a sustainable investment, and my view that in Europe, ESG regulation has gone too far and become too costly. It almost feels like the old Aristotelian maxim of doing things in moderation that leads to the best outcomes is valid in regulatory efforts as well. To give you an example, let’s look at a study by the National Bank of Belgium on the impact of the EU’s Sustainable Finance Disclosure Regulation (SFDR) on fund flows of conventional and ESG funds. The SFDR was announced on 27 November 2019 and came into effect on 10 March 2021. It was implemented in several stages and split funds marketed in the EU into three broad categories: (i) Art. 6 funds that are basically conventional funds without any specific ESG integration, (ii) Art. 8 funds that ‘promote environmental or social characteristics’, which must provide additional reporting how they do that, and (iii) Art. 9 funds that are impact funds. The gaps between the announcement and the phased implementation give us an idea of how fund flows were affected by the regulation. It is clearly visible in the figure below that once the new regulation was announced and when it was initially implemented, fund flows in Art. 8 and Art. 9 funds increased significantly. Conventional Art. 6 funds also saw more inflows, but the increase was not statistically significant. I should add that the data below is pure fund flow, cleaned of performance effects and of any reclassified funds that moved from one classification to another. Note also that once the initial rush in ESG funds was over, additional, stricter regulatory requirements didn’t create that many new flows. This implies that with additional regulation, the funds incurred higher costs to comply but didn’t benefit in terms of new inflows and higher assets under management. Fund flows as the SFDR regulation was implemented in the EU Source: Emiris et al. (2026) When examining the drivers of these flows, the authors of the study found that institutional investors were more likely to switch to ESG funds and particularly so in countries where concerns about sustainability are culturally more accepted. In a society where buy-in into environmental and social risks is higher, private investors were shifting more of their assets into ESG funds as the regulation made it clear which funds are really green and which ones are not. And institutional investors in these countries did so as well, given the societal pressures and reputational risks of sticking with conventional funds. Meanwhile, fund managers reacted to the changing regulatory environment as well. Many funds that were mildly green before the regulation was announced became greener and more sustainable as the regulation was introduced to attract new assets and new investors. Cleverly, and unsurprisingly, these ESG funds also charge on average higher fees, which means that not only did fund managers gather fresh assets, but their profitability increased as well.
EDCMC celebrates with Salute to Business Awards on July 29th-DEADLINE for tickets is this Thursday 7/16-see below for details
MICHIGAN CITY, Ind. – The EDCMC team will be celebrating milestones, investments, impactful leaders and community-changing projects at the Salute to Business Awards July 29 at the Blue Chip Casino Hotel & Spa. The Economic Development Corporation Michigan City will be honoring businesses that are marking significant anniversaries, those that have invested in Michigan City and transformations of existing buildings that have led to a new chapter. Economic Development Leadership and Lifetime Achievement awards will spotlight individuals who are elevating economic development by sparking momentum and cultivating a strong foundation. “Our awards are a platform to celebrate our
Politics Unplugged (Full Episode) July 12, 2026
Arizona Secretary of State Adrian Fontes talks about the DOJ threats to prosecute election workers for allowing non-citizens to vote – even though there are no documented cases of that happening, going back decades. Plus, we talk with Katherine Haley, a Republican candidate for Treasurer. Then, consultants Dawn Penich and Wes Gullett talk about the impact of Turning Point USA, as a Republican lawmaker accuses a leader of the group of racism.
Politics Unplugged (Full Episode) July 12, 2026
Arizona Secretary of State Adrian Fontes talks about the DOJ threats to prosecute election workers for allowing non-citizens to vote – even though there are no documented cases of that happening, going back decades. Plus, we talk with Katherine Haley, a Republican candidate for Treasurer. Then, consultants Dawn Penich and Wes Gullett talk about the impact of Turning Point USA, as a Republican lawmaker accuses a leader of the group of racism.
Why Sen. Lindsey Graham’s death could impact Texas politics
Following the death of longtime Sen. Lindsey Graham (R-S.C.), political leaders across the country, including in Texas, are reflecting on the senator’s legacy and what his death could mean for the political landscape ahead of the midterm elections. READ MORE: https://www.kxan.com/news/texas-politics/why-sen-lindsey-grahams-death-could-impact-texas-politics/
Why Sen. Lindsey Graham’s death could impact Texas politics
Political experts say Lindsey Graham’s death introduces uncertainty into the fight for control of the U.S. Senate, creating ripple effects that could reach far beyond South Carolina — includi…
World Sailing measures the environmental impact of the sport's Olympic equipment for the first time
The governing body for sailing is looking at how the sport’s Olympic-class equipment is made, used and discarded, to eventually make changes that will reduce its environmental impact. The director of sustainability at World Sailing said this first-of-a-kind life cycle assessment project will give...
Inside the Record-Setting Business of the Los Angeles Dodgers with President & CEO Stan Kasten
Stan Kasten, Los Angeles Dodgers President, CEO and Part Owner, joins Sports Business Radio to discuss the record-setting business of the Dodgers. From superstar Shohei Ohtani's impact on attendance, sponsor sales and merchandise sales, to improvements to the fan experience at Dodger Stadium, to the Dodgers surpassing 4 million fans last season and being on track to draw that many fans again this season, we discuss how in many regards, the Dodgers are maximizing revenues better than any other pr
Inside the Record-Setting Business of the Los Angeles Dodgers with President & CEO Stan Kasten
Stan Kasten, Los Angeles Dodgers President, CEO and Part Owner, joins Sports Business Radio to discuss the record-setting business of the Dodgers. From superstar Shohei Ohtani's impact on attendance, sponsor sales and merchandise sales, to improvements to the fan experience at Dodger Stadium, to the Dodgers surpassing 4 million fans last season and being on track to draw that many fans again this season, we discuss how in many regards, the Dodgers are maximizing revenues better than any other pr
How Sen. Lindsey Graham's death impacts U.S. politics
In Focus: Mental health impact of social media on kids
We look at how popular platforms can impact a child’s development, and explore some new legislative proposals in Madison that would enact restrictions for some users.
World Sailing measures the environmental impact of the sport's Olympic equipment for the first time
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City Club of Eugene: Minor League Sports in the Community
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They're Building Half A Bridge to Save Science...
Today’s post is about science: what you can do now to protect it from unprecedented threats, and how your action is the first half of a long-term program that Congress must take up next. Let me start with describing the embryonic state of science advocacy. There are many well-meaning organizations: the American Association for the Advancement of Science, Research!America, and subject-specific organizations such as the Society for Neuroscience and the American Physical Society. Their general approach is to emphasize the common good: the remarkable value that science and innovation have provided to all Americans. However, these organizations are offering an incomplete solution. Before I start, a preliminary: If you already know about the threat, go ahead and weigh in with OMB at this link. Ideas about what to say come from Research!America and the American Physical Society. You have until Monday, July 13 at 11:59pm Eastern. Then come back here and read the rest of this post. Finally, get in touch with whoever is likely to be your next member of Congress in 2027. The threat: An end to merit-based science… The onslaught of attacks on science is accelerating. It’s not just cuts to grants, which was the last battle. That battle is not done yet, but there is a new and worse threat. Now comes a proposed public rule from the Office of Management and Budget. The rule would take decision-making power over grants away from experts and put it into the hands of political appointees. Former NIH official Elizabeth Ginexi wrote an excellent summary of what OMB is trying to do, which is codify the executive branch’s ability to award or terminate grants, for arbitrary cause or no stated cause. Since World War II, a necessary step in scientific grant-making has been consideration of scientific merit. This approach has made America into a dominant scientific superpower, the envy of the world. Of course, political considerations do come into the mix. The proposed rule tilts the balance dramatically away from merit. …but why? Many people have difficulty comprehending why Russell Vought and OMB would want to damage science in this way. If you’re a working scientist, you are likely to be particularly uncomprehending. Who would hurt an activity so self-evidently good? The answer is: this is part of the program to replace the rule of law with a personalist regime. OMB Director Russell Vought, a Christian nationalist, would like to implement what legal scholars call a “unitary executive,” and what I would call a dictatorship. Or if you like, a personalist authoritarian regime. I am a working scientist. This rule will debilitate my research. It may chill the speech of scientists for speaking freely in the public sphere. It is a form of personalizing power and decision-making within the executive branch. In short, it sacrifices science in the service of tyranny. To Russell Vought, a decrease in the quality of science might be an acceptable cost. He might even consider it an added benefit to weaken a pillar of soft U.S. power based on knowledge and skepticism. The professional societies are building half a bridge The nonprofits are asking you to make public comment. Public comment is like building the first half of a bridge. Before implementation, OMB is compelled by law to have a period of public comment. Rules have to be consistent with the law and the Constitution. They express the federal government’s stance toward how those laws will be implemented. When a presidential administration works in good faith, these public comments are used to inform their eventual action, and sometimes mitigate it. The comment period reflects our First Amendment right to petition our government. The executive branch is then supposed to take those comments into account - completing the bridge between us, the people, and our government. Project 2025 seeks to take away the second half of the bridge. We have to replace it. The first half of the bridge Organizations like AAAS, Research!America, and SfN are partly right. You should certainly comment. Their core model is earnest: if enough of us make noise, then we will achieve change. This idealistic point of view is offered in good faith. That point of view is also currently bullshit. The fundamental reason is that the federal rulemaking process has two parts: There has to be a period of public comment. OMB makes the final rule…but is free to disregard public comment. Oops. That’s a loophole. However, not all is lost. Congress can complete the bridge Congress has enormous power. That power suggests a roadmap for how to proceed. This lawless administration is still going to issue that rule. Nonetheless, your comments still play an essential role. Here are two steps you can take. Step 1: Send your comment to your Representative and Senator. Whether they are Democrats or Republicans, many of them support science. Whatever you wrote as public comment in the Federal Register, also send it to your member of Congress. You can include information about jobs in your district or state by looking at Joshua Weitz’s ScienceMatters interactive map. Call the U.S. Capitol switchboard at (202) 224-3121 and give your town, zip code, or state, then deliver your message. Step 2: Politicize the hell out of science. You heard me, politicize it as an issue. We hear a lot from the old scientific establishment about science being nonpartisan. This is obsolete, sentimental thinking. Under normal conditions, it was true. But we can no longer make that assumption. We can keep on pretending, but we’re putting science at risk. There is a way forward. Rules are subordinate to the law…and Congress makes laws. Therefore Congress can step in. In this fall’s election, it is likely that Democrats will retake the House of Representatives. That puts at least one chamber of Congress in the hands of Democrats. They are far more inclined than the current Congress to investigate and legislate. This opens a path to undoing the damage. It also creates a permission structure for pro-science Republicans to find a way back from the brink. We have to encourage them. In the House, every district is up every two years. In your district, contact both of the major party candidates. If your state has a Senate race, contact those candidates too. Specifically mention the proposed OMB rule. Ask for two things: For this year’s appropriations process in August and September, ask that amendments be added to stop the implementation of the new rule. Those amendments should support peer-reviewed science and stop political interference. Looking ahead to next year, ask the Congressman/Congresswoman/Senator to work to hold hearings in 2027 on the importance and benefits of peer-reviewed science for health and prosperity. What hearings and amendments will accomplish Congress can use its investigatory power to summon heads of agencies and the director of the OMB. That will allow fact-finding regarding the consequences of this rule. Congress can override the rule through the appropriations process. They can write into statute a requirement to follow peer review and best scientific practices. In this way, Congress can stop the attacks on science. Postscript: Moving forward Now I have a request for you, to help me. As many of you know, I ran for Congress in order to save democracy and science. Although I did not win, that battle continues by other means. I met and heard from thousands of supporters both here in New Jersey and nationally. I learned that pro-science, pro-democracy activists have the potential to become a much greater force. In the weeks and months ahead, I will be building ways to harness that energy. I will be announcing those plans soon. In the meantime, an important step is to wind down the Congressional campaign, which has a few remaining bills to pay. Please help me retire that last debt.
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