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Europe fines Google $1 billion for ‘harming’ online rivals
The European Union has fined Google €890 million ($1 billion) for breaching rules designed to promote competition in digital services
Google slapped with $1 billion fine under landmark EU digital law
European regulators fined Google 890 million euros ($1 billion) alleging the company gives preferential treatment to its own services.
Nestle nears sale of water business stake at close to €5 billion valuation, FT reports
Private equity firm Platinum Equity is nearing a deal to acquire about a 50% stake in Nestle's European water business in a transaction that would value the joint venture at almost €5 billion ($5.71 billion), the Financial Times reported on Wednesday.
New Jersey’s Noncitizen Voting Reveal Is a Nightmare For Democrats | WSJ Politics Newsletter for July 22
Plus, Pete Hegseth says the cost of the war in Iran is now $37.5 billion, and the administration freezes $1 billion in Medicaid funding to California and Minnesota.
US Health Secretary Kennedy Says CMS Is Pausing Medicaid Payments to California and Minnesota
July 21 (Reuters) - The Trump administration is pausing over $1 billion in Medicaid payments to California and Minnesota "because of suspected fraud and noncompliance," U.S. Health Secretary Robert F. Kennedy, Jr. said on Tuesday. "If those states want that money they need to ...
Amazon Business Reaches $60 Billion in Annualized Gross Sales, Serving Over 11 Million Organizations Worldwide
Organizations of all sizes turning to Amazon Business for its AI-powered tools, business-relevant selection, everyday low prices, delivery fleets purpose-built for businesses, and expanded Prime Business membership benefits More than 1.8 million new organizations joined Amazon Business so far this year Last year, Amazon Business-specific discounts saved organizations more than $1 billion worldwide, while Prime Business members saved more than $880 million in shipping fees globally last year Amazon Business selection up nearly 30% globally this year, with expansion in categories like repair tools, fresh groceries, and office furniture
Exclusive | Buyout Firm Truelink Nears $1 Billion Deal for Coffee Syrup Maker
Lyons Magnus specializes in fruit-based ingredients and beverages, from flavored syrups for coffee drinks to fruit purees for smoothies.
UT Health San Antonio’s $1 billion multiyear investment helps meet demand for care
Healthcare is a strong economic driver in San Antonio, generating more than $43 billion annually and supporting nearly 200,000 jobs across the region, according to the San Antonio Chamber of Commerce. As the region's academic health center, UT Health San Antonio contributes approximately $3.2 billion annually through patient care, research, education and workforce development.
Abbott discloses cyberattack on cancer diagnostics business
The cyberattack follows Abbott’s recent $21 billion purchase of Exact Sciences. Abbott did not disclose what kind of information was accessed.
Sports without politics is a fantasy and the World Cup proves it
From ancient Greece to Nazi Germany, sport and politics have long been intertwined. Nevertheless, we still imagine that international sport can be kept above the fray and serve as a neutral arena where nations compete on merit alone. In this article, diplomacy scholar Geoffrey Allen Pigman argues the 2026 FIFA World Cup shows this is a dangerous illusion. When international sport is left entirely to revenue-maximizing private bodies like FIFA, it doesn't escape politics, but rather surrenders to its worst expressions. With the 2028 Los Angeles Olympics fast approaching, the IOC must decide whether to learn that lesson or repeat the same mistakes. The largest and most lucrative FIFA World Cup ever draws toward its climactic conclusion amidst a swirl of controversy. Team members, staff, fans, and spectators have been denied their right to enter the United States to participate, and US President Donald Trump intervened with FIFA boss Gianni Infantino to overturn a referee’s call that Trump believed disadvantaged the US national team. It is a moment to step back and reflect on what the purposes of international sport mega-events like the World Cup, and international sport more broadly, are, and what they should be. Does international sport serve public purposes? Is there a public interest? Or is it primarily a private endeavor organized by commercial enterprises to entertain the global public (and generate profit in the process), which is occasionally used by governments and leaders for raisons d’etat? Central to the idea of sport is the principle of fair play, which in the international context demands that games be free from political interference. However, it is impossible to separate sport from politics, all claims to the contrary notwithstanding. The most positive political use of international sport through the millennia has been to facilitate diplomacy. The use of international sport for diplomatic objectives has existed since at least the time of the ancient Olympic Games, around which was instituted the custom of the Ekecheiria, or Olympic Truce, between participating states to facilitate fair competition and diplomatic achievements by ensuring that participants could travel safely to the Olympiad. In his seminal work On Diplomacy (1987), diplomacy scholar James Der Derian characterized the objectives of diplomacy as overcoming alienation and mediating estrangement between governments and between peoples. One increasingly important diplomatic tool in the technology-infused media environment over the past century has been public diplomacy, under which governments and non-state diplomatic actors (e.g. transnational corporations) communicate to global publics about their international policy objectives and to shape their global brand image. Political scientist Michał Kobierecki, in his important book Sports Diplomacy (2020), views sports diplomacy as falling broadly within the ambit of public diplomacy, as international sport intimately involves the participation of global publics as spectators and consumers of global media. Diplomacy scholar Stuart Murray and this author, in a 2013 article, distinguish between international sport used for diplomatic purposes and international sport-as-diplomacy, which encompasses the range of diplomacy that occurs as teams and competitors, spectators and fans, and government officials all converge for international sporting events like the Olympic Games and FIFA World Cup. Diplomacy scholar H.E. Chehabi, in a 2001 article on US-Iran sports diplomacy, describes the interaction between spectators and fans at international sporting events as “people-to-people diplomacy,” in which relationships develop independently of governments and their objectives. Diplomacy by the aforementioned definitions is often unsuccessful. Moreover, all too often the tools of diplomacy may be employed by governments and other actors to thwart or oppose the objectives of diplomacy as characterized by Der Derian. Governments routinely use the tools of public diplomacy to disseminate propaganda, spreading misinformation in the attempt to deceive global publics about their objectives and to create misleading impressions about their brand identity. Within sports diplomacy, the term “sportswashing” has been coined recently to describe how governments invest in and promote international sport to create positive global public impressions of their nations and, in doing so, to distract the global public from their deficient records in areas such as human rights and democratic governance. Murray, in his 2018 book Sports Diplomacy: Origins, Theory and Practice, introduces the concept of sports anti-diplomacy, wherein governments intentionally use international sport to advance aggressive and nationalistic objectives. Obvious historical examples include Hitler’s use of the 1936 Berlin Olympics to glorify his Third Reich and the 1969 El Salvador-Honduras football “war.” SUGGESTED READING The beautiful game made ugly By Emily Ryall FIFA argues that it is and seeks to be apolitical in its stewardship of international Association Football (soccer). FIFA policies governing bids to host the World Cup require uninhibited and non-discriminatory access for players, team staff, and spectators of all participating countries to host nations and venues. It became clear soon after Trump returned to power in the United States in January 2025 that Trump’s political intentions and objectives to limit non-US citizens from living and working in the United States and, in numerous cases, even visiting the country, would collide with FIFA’s host nation policies. Beginning soon after the start of the second Trump administration, US federal authorities imposed restrictions on entry to the United States of citizens of between 20 and 40 countries for any purpose, with only limited exceptions. Federal Immigration and Customs Enforcement (ICE) began arresting non-US citizens in the United States, including persons with and without legal status, holding them in jails, concentration camps, and other detention facilities until they were deported to their home or third countries, where they faced substantive risks to their personal safety. FIFA boss Gianni Infantino, in an effort to ensure the most successful and lucrative World Cup in history, engaged diplomatically with President Trump in an attempt to facilitate entry to the US for World Cup participants. Infantino did all in his power to ingratiate himself with Trump, to the extent of creating a FIFA “Peace Prize,” which he awarded to Trump in December 2025 at a ceremony in the then Trump-controlled John F. Kennedy Center for the Performing Arts in Washington, DC, on the occasion of the World Cup draw. The prize was an ersatz consolation for someone who aspired in vain to win the rather more prestigious and well-known Nobel Peace Prize. And in the run-up to the World Cup, conditions became worse. In February 2026, Trump and Israeli Prime Minister Benjamin Netanyahu launched a war of aggression against Iran, illegal under international law, under the false pretence that Iran’s government was preparing to attack the United States and Israel. During the US aerial bombardment of Iran, US planes bombed Azadi Stadium, the facility where Iran’s national football team trained. As the 2026 FIFA World Cup began, it was clear that Infantino’s efforts had been for naught: the Trump administration would not adhere to FIFA policies governing access to World Cup host nations. World Cup referee Omar Artan, a citizen of Somalia, was denied a US visa to enter the United States to participate in the World Cup. Trump’s government only granted US visas to Iran’s football team ten days before they were scheduled to arrive for the tournament. Numerous members of the support staff for Iran’s team were denied US visas. Iran’s team, which had been scheduled to train in Arizona, was directed to shift its training site to Tijuana, Mexico, notwithstanding that all three of their group stage matches took place at US venues. The US Department of Homeland Security only permitted the Iranian team to enter the US on the day before each scheduled match and then to return to Mexico immediately after playing. Members of Iraq’s and Switzerland’s football teams were delayed for hours by US officials at the US border, and an Iraqi team photographer was refused entry. Spectators and fans from Haïti and Iran were denied entry to the United States altogether. A large number of fans from a range of countries had their applications for US visas rejected. There were multiple off-ramps through which participants could have avoided the negative consequences of Trump’s decisions for the 2026 World Cup. Once it was clear that the Trump government intended to violate the established expectations for World Cup hosts, FIFA could have shifted the matches scheduled to take place in the United States to Mexico and Canada. The three nations were already designated as co-hosts, and host cities and venues had been selected. Once it was clear that FIFA, governed by FIFA boss Gianni Infantino’s dependent and dysfunctional relationship with Trump, would never consider this option on its own, it fell to the national football federations to act. The national federations, particularly some combination of federations of the leading contenders (France, Spain, Brazil, Argentina, Morocco, England, Germany, etc.), could have refused to participate under the US-imposed conditions or, at the least, demanded an ironclad agreement with the Trump government that FIFA policies on access would be respected. ___ International sport is inextricably entangled with diplomacy of different sorts, for good or ill, it cannot be considered to be in the purely private realm and left to revenue-maximizing private actors. ___ Why did neither FIFA nor the national football federations act to protect the interests of players, team staff, referees, fans, and spectators? In essence, the relentless engines of capitalism prevailed over norm observance, ethics, and fair play. The revenue interests of FIFA, sponsors, global media, and host cities won out. FIFA’s managers viewed hosting another World Cup principally in the United States as a veritable pot of gold for FIFA and its collaborators. FIFA has estimated its own revenue over the 2023-26 budget cycle, which includes the 2026 World Cup, at $13 billion, revised up from an initial projection of $11 billion, and 72% higher than the previous revenue cycle. Of that total, FIFA is estimated to have generated $8.9 billion from the Cup itself in revenue from TV rights ($3.92 billion), sponsorships ($2.69 billion), ticket sales ($3.1 billion), licensing rights, and other sources. A joint study by FIFA and the World Trade Organization estimates that the World Cup will contribute over $40 billion to global GDP, including nearly $14 billion in direct visitor spending in the three host countries (but principally in the United States, which hosted the lion’s share of the matches). The FIFA World Cup is now reportedly “the single most lucrative recurring commercial property in global sport.” And yet, notwithstanding the Trump government’s uses of the World Cup for sports anti-diplomacy, and the climate of anxiety that this created for participants and spectators, diplomacy that did not depend upon governments was able to thrive at the World Cup. Examples of successful people-to-people diplomacy were legion, as citizens of towns and cities across the States, as well as in Mexico and Canada, welcomed team members, their families and supporters, to training sites across North America. Fans of different teams joined together in person in stadiums for matches, at watch parties and bars, and at welcome events sponsored by host cities. The joy and camaraderie shared between the citizenry of Boston and Scotland’s “Tartan Army” of fans is but one example of how the “Beautiful Game” brings people together. Friendships forged across continents are likely to endure well beyond the Cup final. Even those achievements cannot be seen as unalloyed, however. As South African football fan Byron Pillay commented to Al Jazeera, “Football is called the Beautiful Game for a reason, for its ability to unite people. But it’s hard to believe in that magic with the politics and war rhetoric off the field of play, especially when one of the tournament hosts is central to that.” Ultimately, the experience of the 2026 FIFA World Cup illustrates that, as international sport is inextricably entangled with diplomacy of different sorts, for good or ill, it cannot be considered to be in the purely private realm and left to revenue-maximizing private actors. As long as there is the possibility of diplomatic progress in mediating estrangement between governments or between peoples, there is a broad and overarching public interest in international sport. Likewise, as it would be difficult to put on an international sport mega-event without international sporting organizations like FIFA and the International Olympic Committee (IOC), global media firms, and companies purchasing sponsorships, public and private interests in international sport must coexist, most likely somewhere on a shifting spectrum between partnership and rivalry or cross purposes. As the World Cup wraps up, the IOC needs to consider its lessons before the scheduled 2028 Los Angeles Olympics if they want to avoid a media-hyped Trump version of the 1936 Berlin Olympiad. The IOC and the National Olympic Committees need to set conditions on and make demands of Trump’s government with clearly articulated consequences for non-compliance, up to and including cancellation of the Games. Time is running out for the IOC, as unlike with the FIFA World Cup, there is no at-the-ready alternate venue for Los Angeles.
“Meaningless without the Hope of Jesus”: Willie and Korie Robertson on the Uplifting Entertainment Hub of eKKL
We recently sat down with Stan Jantz to chat about The Chosen, the Come and See foundation, and an ambitious mission to translate the series into 600 languages and share the authentic Jesus with 1 billion people around the globe.
“I Want to Build People Up”: eKKL Entertainment Co-founder Michael Scott Discusses the Genesis of His Company
We recently sat down with Stan Jantz to chat about The Chosen, the Come and See foundation, and an ambitious mission to translate the series into 600 languages and share the authentic Jesus with 1 billion people around the globe.
How a Promising Navy Drone Boat Program Got Mired in Politics
Navy acquisition reforms upended a $2.1 billion contract competition. When it was over, several companies with ties to the Trump administration had made the cut.
BP Flags $1 Billion Writedown From Gas and Low Carbon Business
BP Plc said it expects to book impairments of $1 billion related to its gas and low carbon energy business in the second quarter, as the energy giant refocuses on oil and gas.
Oregon, 14 other states sue Trump administration to block school mental health funding cuts
Fifteen states including Oregon and Washington sued the Trump administration to block funding cuts to a $1 billion program that helps school districts hire and train more mental health professionals.
Tariff refunds accelerated sharply in June as the US paid out almost $50 billion to businesses
The US sent out $49.1 billion in tariff refunds in June as the checks to businesses accelerated in the second full month of payouts after the US Supreme Court invalidated President Trump's blanket tariffs.
New York among 12 states challenging Paramount’s takeover of Warner Bros.
The lawsuit argues that the $81 billion mega merger would “extinguish competition” in Hollywood and threaten jobs across the industry.
“Moana” capsizes with bumpy $43 million U.S. debut, while “Michael” breaks record with $1 billion at global box office
Disney’s live-action remake of the 2016 blockbuster failed to launch, marking a severe downturn after the success of “Toy Story 5.”
Regional One Health Memphis transforms with expansion amid closure
Regional One's $1 billion healthcare campus expansion is in the works, but the Extended Care Hospital in Midtown is closing.
NASA Volunteers Help Zooniverse Reach 1 Billion Classifications
The Zooniverse, a NASA grantee that runs the world’s largest platform for online people-powered research, has reached an extraordinary milestone: 1 billion
Abu Dhabi oil giant snaps up Shell’s South African business in $1billion Africa expansion
ADNOC Distribution will acquire Shell’s South African downstream business for $1 billion, giving the Abu Dhabi energy group control of 580 service stations and expanding its African footprint
Trump told interesting stories about George Washington and the Panama Canal. They’re both fake
Last week, President Donald Trump’s annual financial disclosure showed he made more than $1 billion from cryptocurrency ventures in 2025. On Monday, after a reporter asked him a question related to crypto, he eventually pivoted to a colorful anecdote about the nation’s first president.
Crypto, red cards and Trump’s corruption problem
Last week, President Donald Trump’s financial disclosures showed he earned more than $2 billion in 2025 — including an astonishing more than $1 billion from his family’s entry into the largely unregulated world of cryptocurrency.
Comcast’s Sky to Buy ITV’s Media & Entertainment Unit in $2.1 Billion Deal
ITV’s linear channels and ITVX streaming platform will remain free-to-air, while Sky News and ITV News will stay editorially distinct
Comcast’s Sky to Buy ITV’s Media & Entertainment Unit in $2.1 Billion Deal
ITV’s linear channels and ITVX streaming platform will remain free-to-air, while Sky News and ITV News will stay editorially distinct
UK’s ITV to sell media and entertainment unit to Comcast’s Sky for $2.1 billion
UK’s ITV to sell media and entertainment unit to Comcast’s Sky for $2.1 billion
UK's ITV to sell media and entertainment unit to Comcast's Sky for $2.1 billion
British broadcaster ITV said on Monday it had agreed to sell its media and entertainment division to Comcast's Sky for £1.6 billion ($2.13 billion).
Continental Agrees to Sell ContiTech Business to Lone Star Funds
Continental expects the deal to generate cash proceeds of approximately 3.1 billion euros, some of which will be used to cut debt, with around 2.5 billion euros distributed to shareholders.
Nike Running's a $5 Billion Business: What's Next?
Nike Running added $1 billion over the last five quarter to become a $5 billion business, leading Nike's turnaround. Can that momentum continue?
The real test for AI in healthcare is making care more human
The healthcare AI market is on track to reach $491 billion by 2032. The real test of success will be whether the technology makes care feel more human.
Crypto, real estate, watches: How Trump made over $1 billion last year
The latest disclosure report listing President Trump's financial holdings shows he took in about $1.2 billion last year from crypto holdings, overshadowing a real estate business that first brought him fame.
How cryptocurrencies are changing global politics
Despite once dismissing them, Donald Trump made over $1 billion from cryptocurrency sales last year. But the digital currencies, and their lobbyists, are having an effect on policy and politicians around the world.
Trump earned over $1 billion on cryptocurrency and coin ventures last year
In almost 1,000 pages of financial disclosure forms, the president’s earnings from crypto, settlements and resorts far outpaced his $600 million total income in 2024.
TEFCA hits 1 billion as HHS invests $1.28M in network oversight
While marking TEFCA's milestone, ONC announces a new contract to enforce network compliance. Amid ongoing legal battles over alleged network misuses, Health Gorilla CEO Bob Watson emphasizes why federalizing governance is critical to trust.
Rock Creek Entertainment District under siege in new lawsuit
A citizens group has sued to block Norman's $1.1 billion Rock Creek Entertainment District, alleging constitutional and Open Meetings Act violations.
Billionaire tax, affordable housing: See the measures on California's November ballot
California voters will decide on 14 statewide policy proposals come November, from the controversial billionaire tax to an $11 billion affordable housing bond.
Comcast's Sky to Buy ITV's Media and Entertainment Unit for $2.1 Billion
Comcast-owned Sky Group has reportedly agreed to acquire the media and entertainment business unit of U.K.-based ITV for $2.1 billion. The deal is expected to be officially announced in two weeks. Satellite operator Sky will absorb ITV’s broadcast network, linear free-to-air channels, and the ITVX subscription streaming service with 900,000 paid subscribers and 16.4 million … Continue reading "Comcast’s Sky to Buy ITV’s Media and Entertainment Unit for $2.1 Billion"
Germany’s Merck to Buy Bio-Techne for $11 Billion
Merck KGaA offered $73 a share in cash to buy Bio-Techne, representing a 24% premium to the U.S. lab-tools supplier’s closing price Wednesday.
USPS tells Congress it needs cash rescue amid broken business model
Postmaster General David Steiner told a Senate committee the agency has amassed nearly $31 billion in cumulative defaults and could run out of cash by year's end
Vanderbilt Health lands three of 35 Susan G. Komen research grants
Komen is the largest nonprofit funder of breast cancer research outside of the U.S. government, having invested more than $1.1 billion in research since its founding.
Santander Equips All Workers With AI and Seeks $1.15 Billion Business Value
Santander is extending artificial intelligence (AI) tools to all its employees as it works toward its goal of generating over 1 billion euros (about $1.15
District leaders celebrate strides in local and minority business contracting
Through the D.C. Community Anchor Partnership, 17 major institutions have spent more than $1.5 billion with D.C.-based businesses, including nearly $1 billion with minority-owned firms. The initiative’s leaders say it is reshaping how large institutions approach contracting by connecting them with local businesses and building capacity for long-term growth.
More than 1 billion barrels of oil have gone missing
The good news: The Strait of Hormuz is open again, after Iran and the United States signed a memorandum of understanding this week.
This $91 Billion Fintech Startup Is Laying Off 10% of Workers Even Though the Business 'Has Never Been Stronger'
Here’s why layoffs happened anyway, despite business being strong.
U.S. Sues N.Y. State Over Troubled $11 Billion Home Health Care Program
The Justice Department accused officials of failing to police a vendor it said had siphoned off millions of dollars. A spokeswoman for Gov. Kathy Hochul called the suit an attempt to weaponize the justice system.
Costco Wholesale Corporation (COST) Shows How Digitally Enabled Sales Are Outrunning Its Core Business
Costco Wholesale Corporation (NASDAQ:COST) is one of the best e-commerce stocks to buy as global sales hit records. The company is best known for its warehouse-club model, but its online and digitally enabled sales continue to grow at a faster pace than the broader business. On June 3, Costco reported net sales of $24.01 billion […]
SBA moves to revise 8(a) rules while preserving tribal, ANC eligibility
Details By Brian Edwards Native Contracting June 13, 2026 The U.S. Small Business Administration has proposed changes to its 8(a) Business Development Program that would eliminate race-based presumptions of social disadvantage for individually owned businesses while leaving eligibility standards unchanged for tribally owned enterprises, Alaska Native corporations and other Native entity-owned participants. In both the title and summary of the proposed rule published in the Federal Register, SBA emphasized that the changes only apply to individually owned firms and “do not impact entity-owned firms,” including tribes, Alaska Native corporation, Native Hawaiian organizations and community development corporations. The proposed rule, announced June 11, would require all individual applicants seeking admission to the 8(a) program to submit evidence demonstrating social disadvantage. Membership in a racial or ethnic group alone would no longer establish eligibility, according to the SBA. For Indian Country, the agency said eligibility standards for businesses owned by federally recognized tribes, Alaska Native corporations, Native Hawaiian organizations and community development corporations would remain unchanged. The proposal comes after the Department of Defense reaffirmed that participation by tribes and Alaska Native corporations in the 8(a) program is based on their political status under federal law rather than diversity, equity and inclusion initiatives. In a May 28 letter to Alaska's Republican Sens. Lisa Murkowski and Dan Sullivan, Under Secretary of Defense for Acquisition and Sustainment Michael P. Duffey wrote that participation by federally recognized tribes and Alaska Native corporations in federal programs is “grounded in their political status as Native Americans, not DEI initiatives.” The SBA proposal follows a 2023 federal court ruling that found unconstitutional the program's rebuttable presumption that members of certain racial and ethnic groups were socially disadvantaged. SBA Administrator Kelly Loeffler said the proposed rule would establish a single standard for individually owned applicants by requiring evidence of social disadvantage. The 8(a) Business Development Program provides participating firms with business development assistance and access to federal set-aside and sole-source contracting opportunities. The program remains a major source of federal contracting revenue for tribal enterprises and Alaska Native corporations. Native-owned firms received $16.1 billion of the program's approximately $26 billion in federal contract awards during fiscal 2024, according to data previously reported by Tribal Business News. The proposal also arrives amid ongoing concerns from Native contractors about SBA administration of the program. In May, the Native American Contractors Association and 53 Native-owned businesses urged SBA to address delays in processing 8(a) applications, saying some reviews had stretched beyond regulatory deadlines and appeared to have stalled since August 2025. The proposed rule is open for public comment through July 13. The Federal Register notice does not reference tribal consultation or indicate whether SBA determined consultation was unnecessary because tribal eligibility standards are unchanged. The SBA has not announced when the proposed rule would take effect. The agency is expected to accept public comments before issuing a final rule.About The AuthorAuthor: Brian EdwardsBrian Edwards is associate publisher and associate editor of Tribal Business News and Native News Online. He is a longtime publisher, editor, business reporter and serial entrepreneur. Subscribe Today!Other Articles by this authorDefense Department reaffirms tribal, ANC eligibility in SBA 8(a) programTribal heritage projects eligible for up to $100K in federal funding through NPS programIHS launches tribal long-term care construction initiative with three projectsIḷisaġvik College acquires site for long-planned Utqiaġvik campus This article is available to paid digital subscribers. Click here to sign in or get access.
Sharon O'Keefe
As president of the University of Chicago Medical Center and chief operating officer of the 1,286-bed University of Chicago Medicine health system, Sharon O’Keefe oversees a clinical enterprise with annual operating revenue of $2.21 billion. In the past 18 months, UChicago Medicine opened an expanded adult emergency department—a $39 million investment—and an adult trauma center. Since 2011, the system has generated annual growth of nearly 5 percent in revenue and 4 percent in patient admissions. O’Keefe previously was president of Loyola University Medical Center and executive vice president and chief operating officer at Boston’s Beth Israel Deaconess Medical Center. She serves on the Illinois Hospital Association finance and audit committee and is on the American Heart Association’s Midwest affiliate board.
Political blame game follows as screwworm parasite threatens cattle in Texas
The USDA launches a $1 billion plan to fight the spread of livestock-killing screwworms.
Eaton moves one step closer to becoming a cleaner bet on the AI boom
Auto parts manufacturer Dana has agreed to combine with Eaton's Mobility business in a deal that values the unit at $5.1 billion.
Dana to Combine With Eaton’s Mobility Business in $5.1 Billion Deal
Dana said it has agreed to combine with Eaton’s Mobility business in a $5.1 billion deal that would create a more comprehensive supplier serving commercial- and light-vehicle markets.
Dana Incorporated Announces Agreement to Combine with Eaton's Mobility Business, Strengthens Dana's Position as a Leading Global Powertrain Systems Provider
Creates a premier, global powertrain leader focused on commercial and light vehicles with approximately $11 billion in sales and approximately $1.7 billion...
Impulse Passes $1 Billion in Funding
Redondo Beach-based Impulse Space Inc. catapulted past $1 billion in total capital raised Tuesday with a new $500 million series D funding round, led by
The Pokemon Company posts its best numbers ever in latest yearly financial results report
A new report went up this week detailing The Pokemon Company’s latest financial results, and once again, records were achieved across the board. For net sales, The Pokemon Company recorded 531 billion yen for more than a 29 percent year-on-year increase. Operating profit came in at 144 billion yen, which was a 43 percent jump. Finally, net profit came in...
Entertainment Workers Oppose Paramount-WBD Merger in Town Hall
Writers, actors, crew members and small business owners expressed their opposition to the $111 billion transaction in Beverly Hills on Saturday: “It may be the final domino that knocks everything down.”
New York, 6 other states sues over the Trump administration's deal to end an offshore wind project
The federal goverment is giving French company TotalEnergies $1 billion — essentially a refund of its leases for offshore wind projects off New York and North Carolina — if it invests the money in fossil fuel projects instead.
Fleeing for their futures, a California exodus unleashes a Florida 'gold rush'
California faces an unprecedented exodus as high taxes, a $31 billion deficit and a ballot-approved wealth tax push more billionaires and businesses to Florida.
Mississippi rural health program least transparent in U.S.
Mississippi will get over $1 billion from the federal government for rural health care. State lawmakers say they don't know where that money is going.
Adient plc (ADNT) Releases China Business Update
Adient plc (NYSE:ADNT) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 20, the company released its China business update, wherein it highlighted that, since last year’s J.P. Morgan Summit, it has seen robust new bookings that continue to support the sales growth momentum. Adient plc (NYSE:ADNT) won ~$1.1 billion […]
Scott Bessent says US seized roughly $1B in Iranian crypto as regime nears 'end of their tether'
Treasury Secretary Scott Bessent announced the U.S. has seized roughly $1 billion in Iranian cryptocurrency assets as Operation Economic Fury pushes Iran's economy toward collapse.
Still ringing a bell: F5 marks its 30th year in business
Seattle-based F5 marked 30 years in business Friday by ringing the Nasdaq opening bell. The application-delivery and security company has grown to $3.1 billion in annual revenue and outlived nearly all the marquee customers and the three investment banks listed in its 1999 IPO prospectus.
POWER Checks: New York state to send $1 billion in utility rebates
The rebate is tied to 2024 tax returns.
Clean Water, Hospital Construction Among Tribal Health Concerns at Senate Budget Hearing
Health care was the focus of last week’s Senate Indian Affairs Committee budget hearing as lawmakers pressed agency leaders on Indian Health Service funding cuts. While the FY 2027 budget requests $9.1 billion in discretionary funding for the IHS, the budget cuts several key programs, including sanitation facilities, special diabetes programs and scholarships for health […]
Morristown approves $48 million deal with Atlantic Health, clears path for $1 billion hospital expansion
The town council approved the agreement without public comment or discussion, setting up a three-step process for evaluating Atlantic's proposed expansion of Morristown Medical Center.
Star Citizen crosses $1 billion in crowdfunding as Chris Roberts eyes version 1.0
Just one year after reaching $800 million in its unrelenting funding spree, Star Citizen has now crossed yet another significant milestone. The overly ambitious space trading and...
Star Citizen Crosses $1 Billion in Crowdfunding After 14 Years, Yet Version 1.0 Still Has No Release Date
Star Citizen has topped $1 billion in crowdfunding after 14 years, but Cloud Imperium still has not announced a release date for version 1.0.
14 years after being announced, Star Citizen hits $1 billion in funding.
Announced over a decade ago in 2012, and still floundering in Early Access with no release date in sight, Star Citizen keeps raising money, somehow. According to the funding page, it has now officially crossed the $1 billion mark. [Media: https://www.threads.com/@wario64/post/DYuqFGtGiQc?xmt=AQG0ina5TU2eMHAqf8D67F8GEa7iRI6CPEhaxYPeNO9jVedIr6EJBwqCtZm5OMl8tnQeYqyg]
Star Citizen Hits $1 Billion in Funding, Squadron 42 Release Update
As "Star Citizen" his $1 billion in lifetime funding, Cloud Imperium execs reveal update on "Squadron 42" release date.
Sutter Health to build tallest tower in Emeryville with updated hospital plan
Sutter Health is putting more muscle behind its planned Emeryville hospital campus, unveiling a bigger and taller vision for the $1 billion project that could permanently alter both the city’s skyline and Sutter Health’s role in the East Bay health care economy. The Sacramento-based health system released updated plans for its Emeryville Medical Center, outlining a 17-story, 780,000-square-foot hospital at Horton and 53rd Streets in Emeryville, the San Francisco Business Times reported. The project would include 325 beds at full buildout, up from the 200 initially proposed, and would become Emeryville’s tallest building if completed as designed, surpassing the 310-foot […]
WATCH: Trump says White House 'won't be a very secure place' without $1 billion security proposal
Kontoor Brands reaches agreement to sell Lee business in up to $1 billion deal
Kontoor Brands announced it has reached a definitive agreement to sell its Lee business.
Republicans expected to abandon $1B security proposal for White House and Trump's ballroom
WASHINGTON (AP) — Senate Republican leaders on Thursday are expected to abandon a proposal for $1 billion in security money for the White House complex and President Donald Trump’s ballroom amid backlash from members of their own party. Pressured by the White House, Republicans tried to add the money to a roughly $70 billion bill to restore funding to U.S. Immigration and Customs Enforcement and the Border Patrol. But the security proposal met with opposition
Senate parliamentarian deals blow to $1B security proposal for White House
A proposal to fund $1 billion in security additions for the White House campus and the president’s new ballroom fails to meet procedural rules.
Senate parliamentarian deals blow to $1 billion security proposal for White House
A proposal to fund $1 billion in security additions for the White House campus and the president’s new ballroom fails to meet procedural rules.
Senate parliamentarian deals blow to $1 billion security proposal for White House
A proposal to fund $1 billion in security additions for the White House campus and the president’s new ballroom fails to meet procedural rules, according to the Senate parliamentarian.
BrightSpring Health Services (BTSG) Is Up 10.3% After Raising 2026 Revenue Guidance And Q1 Beat – Has The Bull Case Changed?
In early May 2026, BrightSpring Health Services reported first-quarter results showing revenue of US$3.61 billion and net income of US$148.77 million, and also raised its full-year 2026 earnings guidance to expected revenues of US$14.73 billion to US$15.23 billion. The combination of outperformance in specialty pharmacy and infusion services, efficiency gains from automation, and successful home health integrations is reshaping how investors view BrightSpring’s earnings power and growth...
Trump officials hit California with ‘largest ever’ freeze on Medicaid funds
The Trump administration suspended $1.1 billion in California Medicaid funds over fraud claims, threatening home care for 900,000 seniors and people with disabilities.
Republican senators say they need more detail on $1B White House security request
Republican senators left a meeting with the director of the U.S. Secret Service on Tuesday saying they need more details on a $1 billion security plan for the White House, including a proposed $220 million to secure President Donald Trump’s new East Wing ballroom.
What's in the billion dollar paragraph behind the White House ballroom debate
The $1 billion request is tied directly to the transformation of the East Wing into a massive ballroom, though limited to “security”-related needs. Here's what we know.
AI Life Science Firm Metis TechBio Set for HK Debut After IPO
Metis TechBio Co, a biotechnology company using artificial intelligence to deliver and formulate drugs, is set to begin trading in Hong Kong after raising HK$2.1 billion ($270 million) in an initial public offering.
Secret Service Makes Case for Security Funding Amid G.O.P. Unease on Ballroom
The presidential protection agency detailed how it would use a proposed $1 billion as Republicans asked for more detail and Democrats went on the attack.
Norman breaks ground on Rock Creek Entertainment District, OU arena
After years of delays and political fights, OU and Norman officials broke ground on the $1.1 billion Rock Creek Entertainment District on Tuesday, May 12.
PayPal to give up $30M after DOJ accusations of bias in favor of minority-owned businesses
PayPal is expected to launch a new initiative waiving processing fees on $1 billion’s worth of transactions at the value of $30 million after signing a Tuesday settlement with the Justice Dep…
Controversial entertainment district breaks ground in Norman
The groundbreaking of a controversial entertainment district took place in Norman on Tuesday.The Rock Creek Entertainment District is a $1.1 billion, 269-acre m
Norman leaders break ground on $1.1 billion entertainment district that'll house new OU arena
Ground has officially been broken on a $1.1 billion entertainment district that will house the new University of Oklahoma arena.
Norman developers break ground on site of future Rock Creek Entertainment District
Norman leaders say the $1 billion mixed-use development near OU could bring jobs, tourism and new entertainment opportunities to the city.
Senate Republicans weigh whether to swallow Trump’s $1B push for ballroom security
Key Senate Republicans are signaling a willingness to support up to $1 billion in security upgrades for President Donald Trump’s ballroom renovation project, despite Democratic attacks, as the White House ramps up its lobbying push.
Democrats try to corner Republicans on $1 billion proposal for Trump’s ballroom: From the Politics Desk
Plus, MAGA world fights over the “hottest ticket in town.”
Democrats vow to fight Senate Republicans' $1 billion security proposal for White House ballroom
While most GOP lawmakers have remained quiet on the proposal as they spent their recess out of Washington, some have publicly questioned whether they would support it.
Chicago Teachers Union wants $8.5 million dues hike to fund politics
“Has your brand become toxic?” This was a pointed question from WGN Political Editor Tahman Bradley, posed to Chicago Teachers Union President Stacy Davis Gates in a recent interview. Her immediate response: “I don’t understand the question.” When pressed, Gates added, “The Chicago Teachers Union is not a political party, it is a labor union.” But internal union documents show CTU leadership is trying to skim $8.5 million more from teacher paychecks explicitly for politics, while trying to silence union members critical of Gates’ leadership. Under the proposed dues hike, Chicago teachers would see up to $800 more per year flow from their paychecks to union coffers. The union already takes in more than $40 million a year, mostly from dues. And it spends less than 18 cents of every dollar on teacher representation. The No. 1 reason for the proposed dues hike? Politics. “We must win a majority of the first 21 person fully elected school board in November,” reads the first point in CTU’s member FAQ document.1 This directly contradicts CTU’s promise to members about how leadership uses dues money. The official CTU handbook tells members that the union does not use dues money for politics, so if they are interested in funding political activity, they should consider voluntary donations to CTU’s political action committee. “Our dues are not used for political purposes,” according to the handbook. “So our PAC relies on extra contributions from our members to support progressive candidates and to impact elected officials at the city, county and state levels.” This kind of double-speak is one reason members are concerned about another constitutional change slipped into the dues hike vote, which will take place on May 20-21: an attempt to stop members from holding the union accountable. A proposed amendment to the union constitution tries to place limits on when members may bring a lawsuit against the union for violating members’ rights.2 This provision is clearly a response to members’ lawsuit against union leadership regarding Gates’ years-long refusal to publish audited financial statements. The judge in that case has repeatedly denied the union’s attempts to dismiss it. Teachers opposed to these changes have been circulating this flier, urging members to vote no. What will CTU members get in return for millions of dollars in additional dues? If the 2024 school board elections are any indication—not much. CTU leadership’s record on school board races may not inspire confidence among members. A Chicago Policy Center analysis of a dozen affiliated PACs found CTU spent nearly $2.9 million on school board races in 2024. Of that spending, more than $2.1 million (75%) went to losing candidates. And while CTU-backed candidates lost six of the nine competitive seats overall, they fared worse in their biggest-spending races, losing five of six contests in which the union and its affiliates put up more than $250,000 for their candidate. The Chicago school board elections take place Nov. 3.3 Is another $8.5 million enough to clean up a toxic reputation? Not likely. Update on federal tax credit scholarship: Last week, Democratic New York Gov. Kathy Hochul said she plans to opt into the federal tax credit scholarship program. If Illinois Gov. JB Pritzker follows suit, Illinois could unlock $1 billion in donor money statewide for both public- and private-school students. If Illinois does not opt in, that money will flow to other states. The Last Ward reported in February on how Illinois Democrats could unlock at least $100 million in new resources for Chicago public-school students by opting in. Update on the investigation into how Chicagoans learned about a meeting to hike their property taxes: The Last Ward reported in January on an absurd, taxpayer-funded investigation into how local media learned of a planned Chicago school board meeting to hike the district’s property tax levy. That investigation is now complete. Lawyers interviewed two dozen witnesses, and found nothing. Update on Illinois’ muni debt crisis: My colleague Joe Tabor last week published a must-read piece in Crain’s Chicago Business about how Illinois recently rejected south suburban Harvey’s request to be designated a “distressed city.” The saga shows why the state must implement a better structure to assist insolvent local governments, including allowing for the option to pursue debt relief via Chapter 9 bankruptcy. The Last Ward reported in October on how Harvey is tipping the first domino in Illinois’ municipal debt crisis. Mincing Rascals: I joined the Mincing Rascals podcast to discuss the SAFE-T Act, the millionaires tax, and more. My “green light” recommendation: Force Majeure (2014). 1 Notably, the No. 2 reason cited is “resources to fund a state-wide millionaires tax campaign in order to fully fund the state’s school funding formula.” The constitutional amendment necessary to implement a progressive income tax in Illinois recently died in the Illinois House, meaning this question would not appear on the ballot until 2028 at the earliest. 2 There is seemingly no single-subject rule for CTU constitutional amendments. So members only get one vote on the full package. One cannot vote “yes” on the dues hike and “no” on the restriction of members’ rights, for example. 3 Illinois law grants far too much power over local government to unelected officials like Gates. State lawmakers should fix that.
Meet Goldman’s athlete whisperer: the woman who stands guard against $1 billion of fraud targeting sports fortunes
Nicole Pullen Ross has advised the ultrawealthy for 26 years at Goldman Sachs. She talked to Fortune about working in sports and seeing a number get retired.
Colorado governor signs $47 billion budget in which ‘nobody won’
Gov. Jared Polis on Friday officially signed a $46.87 billion spending plan for the Colorado state government in the next fiscal year. His signature is the culmination of months of work by legislators, who resorted to cuts, transfers and other mechanisms to balance the 2026-27 budget amid a deficit of more than $1 billion. That […]
Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation
The platform for betting on sports, politics, the weather and more has raised $1 billion and sees big financial firms as a key source of growth.
Senate GOP fears $1B for White House ballroom represents political landmine
A Republican proposal to spend $1 billion in taxpayer money on security for the White House ballroom has become a political landmine in the Senate debate over funding Immigration and Customs Enforc…
Republicans want to add $1 billion for Trump's ballroom security to ICE funding plan
Republicans in Congress are proposing $1 billion in funding for security for President Trump's White House ballroom as part of their partisan plan to fund Immigration and Customs Enforcement.
GTA 6 Estimated to Have Cost Take-Two $1 Billion to $1.5 Billion So Far, CEO Strauss Zelnick Says 'It Was Expensive'
GTA 6 may well be the most expensive video game ever made, with parent company Take-Two estimated to have spent $1 billion to $1.5 billion so far.
AMC Entertainment Q1 Revenue Jumps 20% Amid Box Office Recovery
The biggest theater group in the U.S. and globally, AMC Entertainment, said strong domestic performance and “vastly improved” international results across its European footprint boosted first quarter revenue, which topped $1 billion from $862.5 million the year before. Adjusted EBITDA (earnings before interest, taxes, depreciated and amortization) was a positive $38.3 million compared to negative …
G.O.P. Proposes $1 Billion in Immigration Bill for Trump’s Ballroom Project
The money would go toward security improvements as part of an East Wing construction project, including a new ballroom that President Trump has said would be built with private dollars.