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Uber stock drops as bookings guidance disappoints; CEO bets on robotaxi push to grow overall business
Uber reported second-quarter results on Wednesday that beat on bookings and profit, but shares fell as the ride-hailing giant's bookings guidance missed analyst projections. Uber says its robotaxi push is still well underway, with investments set to grow.
Disney's CEO confirms it's exploring free streaming
Disney is looking at moving into free streaming, CEO Josh D'Amaro said, confirming a July report from Business Insider.
RBA Q2 Deep Dive: Market Reacts to BigIron Integration and Evolving Business Mix
Commercial asset marketplace RB Global (NYSE:RBA) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 11.1% year on year to $1.3...
Mass. cyclospora cases spike amid national outbreak
The state reported 104 new cases in July.
Chris Wallace: States Are Playing Politics to Block Paramount
"I don’t believe government should use its powers to determine who owns a news platform or to control how that outlet reports the news," writes the former Fox and CNN anchor, who is now a paid advisor at a firm that has a large stake in Paramount.
Disney Ups Quarterly Entertainment Profit 64% to $1.68 Billion, Revenue Up 6% to $11.3 Billion
Disney Aug. 5 reported total entertainment revenue of $11.34 billion in the third quarter (ended June 27) from $10.7 billion in the previous-year quarter. Operating income skyrocketed 64% to $1.68 billion from $1.02 billion in the prior year period. Operating income growth was driven by streaming profits for Disney+ and Hulu, strong box-office returns from … Continue reading "Disney Ups Quarterly Entertainment Profit 64% to $1.68 Billion, Revenue Up 6% to $11.3 Billion"
MAT Q2 Deep Dive: Brand Investments and Entertainment Partnerships Shape Outlook
Toy manufacturing and entertainment company (NASDAQ:MAT) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 10.5% year on y...
GOP Rep Chuck Edwards drops re-election bid after House ethics report recommends censure
Republican Rep. Chuck Edwards of North Carolina dropped his re-election bid in the wake of the release of a House Ethics Committee report.
The New York Times Hires Carolyn Y. Johnson as Science Reporter
The New York Times has appointed veteran science journalist Carolyn Y. Johnson as a reporter on its Science desk, adding... Read More
TikTok is telling people to put their phones into the fridge
I don’t use TikTok myself, but from all of the second-hand reports I see, it seems to have become a...
THC medication made PTSD nightmares disappear for more than a third of patients
A prescription form of THC helped many people with PTSD escape recurring trauma-related nightmares, with more than one-third reporting that the nightmares disappeared completely after ten weeks. The results could point toward a long-awaited treatment for one of PTSD’s most distressing and stubborn symptoms.
Sitting up straight may improve your mood and decision-making
A simple change in posture may subtly affect how people feel and make decisions. Participants who sat upright reported greater feelings of pride and took more successful risks in a virtual balloon game than those who hunched over. Most did not realize researchers had influenced their posture, helping rule out the possibility that they were merely responding to expectations. The results suggest workplace ergonomics could influence more than physical comfort.
Foldable Smartphone Sales to Rise 20% This Year Due to 'iPhone Ultra'
Global foldable smartphone shipments are expected to grow 20% in 2026 compared to last year, with Apple's first entry into the category cited as one of the factors driving the increase, according to industry sources cited by DigiTimes. The report notes that the broader smartphone market is contending with tighter supply of upstream logic chips and higher memory prices, but says the foldable segment is expected to keep expanding regardless.
Report: Aaron Donald exploring media space, developing docuseries
Aaron Donald has signed with a management team to "grow his business, brand partnerships and overall profile" in media and entertainment.
The Sports Report: Tarik Skubal pitches well, but Dodgers lose
Tarik Skubal pitches six strong innings in his debut for the Dodgers, who lose their fifth straight game.
Post-Primary Recap: The Electability Argument Falls Flat
Kingmaking isn’t what it used to be in Democratic politics.In Democratic primaries for governor of Kansas, Michigan’s 7th district, and Michigan’s open Senate seat, battle-tested and popular Democratic elected officials urged voters to select the candidates they said would be stronger general election choices. Instead, Democratic primary voters picked candidates who were more progressive, despite warnings that those nominees could tank the party’s chances of clawing back control of Congress.
Uber Stock Falls as Earnings Meet Wall Street Forecasts
Uber stock declines as the ride-hailing company reports mostly in-line second-quarter earnings and guidance.
AI finds previously undetected health risks during sleep studies
We also report on another promising experimental non-opioid pain drug for use following surgery.
Minneapolis Independent Music Venues Generate $2.2 Billion but Face Financial Challenges
A new report reveals a disconnect between the industry's economic impact and profitability, finding that locally owned venues are essential to the city's economy, even though only 20 percent report turning a profit.
Critics deride US administration's 'golden age of science' report
The document comes as the administration looks to cut the science budget for 2027
CVS Health to Revamp Weight Program in Eli Lilly Partnership
CVS Health said it will revamp its weight management program through a partnership with Eli Lilly as the company lifted its full-year outlook and reported a nearly threefold increase in its second-quarter profit.
Disney Streaming Q3 2026 Earnings, Parks AI Tool Use
Disney touted the success of "Toy Story 5" when it reported its latest quarterly earnings results for the June 2026 quarter.
CVS HEALTH CORPORATION REPORTS STRONG SECOND QUARTER 2026 RESULTS AND RAISES FULL-YEAR 2026 GUIDANCE
/PRNewswire/ -- CVS Health Corporation (NYSE: CVS) today announced operating results for the three months ended June 30, 2026....
Elanco Animal Health Reports Second Quarter 2026 Results
Raising Full Year Outlook and Innovation Target, Improving Year-End Net Leverage Ratio Target Second Quarter 2026 Financial Results: Revenue of $1,368 million,...
Samsung is working on a smartwatch that doesn’t run Wear OS
We recently reported that the Galaxy Fit 4 could launch soon with upgraded wireless connectivity. Now, we have discovered that Samsung is working on a new smart
TikTok Videos Coming to Disney+ in Deal Between Companies
Creators on TikTok will get access to Disney photo and video assets if they opt-in to the program, with their videos living on both platforms.
College football leaders seek an act of Congress to bring parity
The Texas Longhorns reportedly invested nearly $48 million in their roster as the Wisconsin Badgers spent $25 million.
55% in 5 minutes: the Pixel 11 could reportedly charge at this blistering speed
If this leak is true, the higher price of the Pixel 11 is totally justified.
ACR shares resource for helping patients use AI-generated radiology report summaries
The two-page explainer explores AI’s role in the specialty, the purpose of these summaries and now they can guide discussions with caregivers.
Aaron Donald’s Post-Playing Career Plans Revealed Amid Return Rumors
Rams star Aaron Donald is reportedly eyeing a post-playing media career despite his rumored plans to return to football. The post Aaron Donald’s Post-Playing Career Plans Revealed Amid Return Rumors appeared first on LA Sports Report.
OpenAI reported 2 more incidents of rogue AI agents
External parties reported that OpenAI's AI agents had gone rogue during their evaluations.
AI and technology investment driving business travel growth
Figures from the GBTA Business Travel Index (BTI) Annual Global Report and Forecast revealed spend is forecast to increase 7.2% in 2026 while the volume of trips will increase 1.3%.
Guardians reportedly expected to promote Angel Genao from Triple-A
Fountain Square businesses plead for support as $14M project enters final phase
A $14 million drainage project in Indianapolis's Fountain Square neighborhood aims to reduce flooding, though local business owners report significant losses in foot traffic and sales during the ongoi...
Vikings Training Camp Notes: 8/4 Edition
The Vikings held another training camp practice today, this one in shells. Overall it was a lighter practice- tomorrow’s practice is to be a longer, padded practice, so not as many things to report from this practice, but certainly some tidbids here and there. On the Quarterback Competition Other Notes That’s all I have for […]
This year’s US News ‘best hospitals’ list has some standouts among the standouts
The latest lineup of America’s “best of the best” hospitals from US News & World Report is something of an embarrassment of riches for a few cities and health systems.
US move to overhaul science funding prompts some agreement and much doubt
Although researchers agree with the some of the critiques in a new report about the US research system, they are wary of the proposed changes
Impact to N.Y. Head Start programs unclear amid anticipated federal overhaul
Early reports say the administration is planning to “gut its quality standards and replace it with regulations that would leave most of the specifics up to state and local law.”
Impact to N.Y. Head Start programs unclear amid anticipated federal overhaul
Early reports say the administration is planning to “gut its quality standards and replace it with regulations that would leave most of the specifics up to state and local law.”
T-Mobile Announces Experience 2.0 With 36-Month Financing
T-Mobile has been caught playing around with 36-month financing before. Even so, it never seemed to stick, and devices soon returned to the standard 24-month financing. It seems T-Mobile decided to…
GOP Leadership pushing Edwards to drop re-election bid over ethics report
The bipartisan House Ethics Committee on Monday released a 20-page report on the investigation, recommending that the chamber censure Edwards.
What is ‘rabbit fever?’ Health officials report 3 probable cases in New York
What is “rabbit fever?” Health officials report several probable causes of the rare but serious disease.
What is ‘rabbit fever?’ Health officials report 3 probable cases in New York
What is “rabbit fever?” Health officials report several probable causes of the rare but serious disease.
The Beauty Of Settled Science
Commenters convinced me I made a subtle mis-step in my framing of Psychology Research Is Mostly Fine. My framing emphasized that social priming studies had failed to replicate, but that many other subfields of psychology hadn’t. This naturally led commenters to point to failed replications in other subfields. Although none of these were as bad as social priming, few or none were entirely problem-free. Instead of emphasizing the difference between social priming and other subfields, I should have emphasized the difference between settled science and novel research. Here are some of my favorite psychology findings: The brain is sculpted by reinforcement learning, and a key driver of this learning is a prediction-error-based algorithm located in the nucleus accumbens and implemented through dopamine. Psychedelic drugs exert their effects through 5-HT2A receptors, pointing to a role for these receptors in some sort of construct like the balance between priors and new evidence. Certain cognitive functions are localized to certain brain areas (for example, impulse control to the frontal lobes; linguistic structure to Broca’s area, linguistic meaning to Wernicke’s area. But injure one of these areas, or render a certain function useless (eg a blind person having no more use for their visual cortex), and these mappings can gradually shift - suggesting that neurons are general-purpose compute whose specialization is a contingent fact about convenience and efficiency rather than a necessity. Most personality traits and general capabilities are about 50% genetic and 50% random, with little role for family environment or childhood history, with a few notable exceptions like partisan preference. Recent research complicates this story, but the further you go from this basic picture, the gnarlier the chains of indirect causation you require. Neurons fire together in “brain waves”, whose exact frequency corresponds with the character of consciousness; These divide neurons into natural subpopulations and linked graphs. The gamma rhythm corresponds surprisingly well to items in conscious awareness. GABA receptors seem to be involved in something like relaxation. By hitting different GABA receptors in different ways, you can modulate the exact type of relaxation you produce. Hitting GABA-A directly is too powerful and can cause dangerous levels of sedation, but allosteric modulation of GABA is an incredibly fruitful strategy that underlies drugs from benzos to barbituates to alcohol. If you know your GABA-A subunits, you can target specific subtypes of relaxation; for example, Ambien hits GABA-A1 and induces sleep. Memory divides somewhat fuzzily into bins of immediate-sensory, short-term, and long-term, with separate retrieval and storage functions, and separate systems for declarative vs. procedural learning. These can be harmed selectively, usually by hippocampal injury, so that some patients can remember their life stories but not form new long-term memories, or learn new skills like bike-riding but not new facts. The exact substrate of memory is unclear but seems to involve new synaptic connections between neurons in at least some way. The ability of modern psychology and psychiatry to treat mental illness is real but limited. SSRIs work for half or slightly fewer than half of patients; antipsychotics work with extreme side effects; benzodiazpines work but produce addiction and tolerance in many (not all) people. Most supplements are stuck in Poor Quality Study Replication Crisis Hell, but melatonin and l-theanine stand out as especially promising. Psychotherapy works with moderate effect size, but (with a few exceptions) seems to be more about the relationship with the provider than the details of the therapy itself. Mental hospitalization can sometimes defuse immediate crises but work less well than mental hospitals would like, with some studies showing overall negative effects. Schizophrenia is mostly genetic, but risk also increases with prenatal infection (especially rubella) and obstetric complications; there is suggestive evidence for roles of social stress and drug use (with psychedelics and marijuana making things worse, and nicotine if anything making things better). Bipolar and schizophrenia are so closely linked on a pathophysiological level that it seems like they might be the same disease; on the clinical level, they do seem to follow two separate courses/prognoses but can sometimes surprise clinicians by eg someone who seemed condemned to permanent schizophrenia unexpectedly recovering. The brain’s native reinforcement learning algorithms cash out in the phenomena of classical and operant conditioning; different reinforcement schedules reinforce at different levels, which can be exploited by bad actors to make especially compelling products (eg slot machines). None of these are immune to doubt. A few are speculative; one or two are genuinely unorthodox. But they’re all a step above one p = 0.049 paper that might not replicate. If they get overturned, they’ll be overturned by the same sort of genuine scientific shift that replaced Ptolemy with Copernicus or Lamarck with Darwin, not some sort of sordid discovery about someone entering random numbers into a spreadsheet. In 2008, Eliezer Yudkowsky wrote about The Beauty Of Settled Science: If you only care about scientific issues that are controversial, you will end up with a head stuffed full of garbage. The media thinks that only the cutting edge of science is worth reporting on. How often do you see headlines like “General Relativity still governing planetary orbits” or “Phlogiston theory remains false”? So, by the time anything is solid science, it is no longer a breaking headline. “Newsworthy” science is often based on the thinnest of evidence and wrong half the time—if it were not on the uttermost fringes of the scientific frontier, it would not be breaking news. Scientific controversies are problems so difficult that even people who’ve spent years mastering the field can still fool themselves. That’s what makes for the heated arguments that attract all the media attention. Worse, if you aren’t in the field and part of the game, controversies aren’t even fun. Don’t be embarrassed to read elementary science textbooks, either. If you want to pretend to be sophisticated, go find a play to sneer at. If you just want to have fun, remember that simplicity is at the core of scientific beauty [...] A steady diet of science news is bad for you: You are what you eat, and if you eat only science reporting on fluid situations, without a solid textbook now and then, your brain will turn to liquid. Psychology isn’t centrally the new paper in Annals Of Recently-Breaking News saying that an n=5 study showing that large portion sizes increase support for terrorism. Psychology is centrally ideas like brain waves, GABA receptors, reinforcement learning, twin studies, and connectionism. People who think differently are worrying too much about BREAKING NEWS!!!, and should stop. The key distinction isn’t “recent research in social psychology” vs. “recent research in cognitive/bio/behavioral psychology”, as my essay last week unfortunately implied. It’s recent research in general vs. the deposit of settled science, battle-tested hypotheses, and carefully-earmarked speculation. And part of the reason social priming in particular was such a disaster was that it defied that heuristic, building itself up over hundreds of studies until it approached or even entered the pantheon of settled science - before collapsing (5-HTTLPR was also sort of like this). This isn’t a claim that settled science is always right - Freud was “settled science” for a long time - just that there’s an intuitive distinction between the level of credence you should have in the existence of power posing vs. the existence of Broca’s Area. (I compounded this error by calling the last post “Psychology Research Is Mostly Fine”, which suggested I was talking about the new research rather than the settled science. I actually meant to distinguish between research-psychology-the-field vs. clinical-psychology-aka-therapy, but this framing unintentionally pushed against the point I wanted to make) Some commenters on the previous article understood this point, but challenged its weight. It’s very cool, they said, to know how many neurons are in which brain lobe, but the main way that Psychology affected their lives was through bad clickbait studies used to buttress dumb policies; some p = 0.049 study says that exposure to microaggressions makes minorities’ brains shrivel into raisins, and now their company has to implement punitive DEI or be sued for hazardous work conditions. I won’t dispute this as an accurate description of how the sausage gets made, but it’s worth examining the trains of thought that connect this observation to a campaign against psychology in general: The dumb woke psychology was wrong and bad, and I don’t have good heuristics for distinguishing dumb woke psychology from other psychology, so I’m going to assume it’s all wrong and bad. The dumb woke psychology was wrong and bad; it seems useful to punish/discredit psychology as a whole to assist my campaign against it, so for propaganda purposes I will try to discredit psychology as a whole. To people in the first camp, my response is: come on, your heuristics aren’t that bad. “Microaggressions makes minorities’ brains shrivel up like raisins” is in the woke category; “the hippocampal theta rhythm seems to be associated with both memory and pathfinding, suggesting an unexpected yet surprisingly compelling relationship between the two” is in the not-woke category, don’t play dumb here. To people in the second camp, my response is: deliberately exaggerated propaganda campaigns are bad and this is a confession, not an excuse. Inability to view science through anything but a political lens was what got us into this problem; doubling down on it is a temporary solution but a recipe for permanent disaster. If you pronounce entire fields of science to be acceptable collateral damage in your campaign against bad political actors, you will alienate not just scientists but patients, clinicians, and general lovers of truth. Instead, you can say the thing you mean - that woke partisans shouldn’t try to occupy and exploit the otherwise-noble science of psychology for their own political gain - and wage the same campaign with a halo rather than a comic-book-villain goatee. From the font of oracular wisdom that is Weird Sun Twitter: [ Vessel Of Spirit@VesselOfSpirit i love you all conditionally but i love the good part of you unconditionally. even if it becomes a very small part 2:11 AM · Jan 22, 2015 1 Reply · 5 Reposts · 29 Likes ](https://x.com/VesselOfSpirit/status/558084551772471298) This is how I feel about psychology1, too, but with a touch more optimism. The good part of psychology is enormous, a hoard of endless treasures. You just have to look past the headlines! 1 To play devil’s advocate - should one always be so magnamious? Astrology? Phrenology? These seem different in that their entire orientation was flawed from the start; they didn’t simply fail to find the correct constellation-personality connections, the whole project of searching for connections between constellations and personality was doomed from the start. More difficult might be asking the same question about education research, which is notoriously bad. I don’t know enough about education research to know if there’s some settled science of correct and enlightening results lurking in the background beyond the day-to-day froth of poorly-conducted and politically-motivated studies. I think if it’s 90% bad, 10% good, it’s correct to call it bad as a compact way of communicating a useful truth; I think psychology is better than that, but admit it’s a tough judgment call.
TNT sports reporter Jon Manley reviews renovated Cedar Irons Golf Club in northeast Tacoma
Accel Entertainment (NYSE:ACEL) Posts Better-Than-Expected Sales In Q2 CY2026
Slot machine and terminal operator Accel Entertainment (NYSE:ACEL) reported Q2 CY2026 results topping the market’s revenue expectations, with sales up 9.6% y...
Accel Entertainment (ACEL) Releases Q2 2026 Earnings: Revenue Beats Estimates and EPS Jumps
Accel Entertainment, Inc. $ACEL reported second-quarter 2026 revenue of $368.1 million, up 9.6% from a year earlier and slightly ahead of Wall Street’s $363.6 million estimate. Gross profit rose 9.5% to $115.2 million, while operating profit climbed 19.3% to $32.1 million.The company also posted stronger bottom-line results, with net income attributable to common shareholders increasing 70.8% to $12.5 million. Diluted earnings per share came in a
Trump Is Making Another Big Mess With White House Helipad
He reportedly ordered workers to scrap some of their completed work on the multimillion-dollar project because he didn’t like how it looked.
Live Q&A: What Comes Next for the Democrats? Ask Our Politics Reporters Your Questions
Join a real-time, written chat with WSJ’s politics reporters on Wednesday, Aug. 5, from 1 p.m.- 2 p.m.
SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
SpaceX reported on Tuesday a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses.
SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
SpaceX reported on Tuesday a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company's stock has declined 8% since its record-breaking initial public offering in June that valued the company at about $1.75 trillion. The stock could face additional pressure from the expiry of SpaceX's post-IPO lock-up period starting on Thursday, which may unleash a wave of insider and early-investor shares on the market.
Maryland’s youth turning over a new leaf? Survey shows positive trends.
Children used less alcohol and drugs in 2024 and reported less depression in the Maryland Department of Health’s 2024-2025 youth risk behavior survey.
McDonald’s Business Slows Amid Shakeup of Digital Deals
McDonald’s says an attempt to lure budget-conscious consumers backfired in its latest quarter. The fast food giant reported earnings Tuesday (Aug. 4)
Councilman says Midtown Costco will continue to provide pharmacy services in transition to business center
Costco leadership has reportedly agreed to continue to provide pharmacy services at the Midtown location if and when it transitions to a business center.
Linda Blair offers update on ‘bizarre’ raid of her property over reported kennel operation
Linda Blair is glad that that the ‘bizarre’ search of her property could ‘shed light’ on the animal rescue crisis amid the active investigation of a ‘kennel operation.’
GIGABYTE Reportedly Hikes GPU Pricing by Up to 40% in Japan
GIGABYTE is reportedly implementing a round of GPU price hikes ranging from 20% to 40%, depending on the model. According to Japanese hardware distributor CFD-BIZ, these price increases have been officially in effect since August 1st. While the specific GPU models affected by this pricing...
Santa Cruz County business filings: Week of Aug. 4
Businesses operating in Santa Cruz County must register with the county clerk. Lookout Santa Cruz reviews the public filings from local businesses to report on new businesses starting in the area.
University of Utah Health ranked top hospital by U.S. News & World Report
University of Utah Health continues to set the standard for regional and national care.
A Critique of Trump's Plan
Scott Turner examines the White House report Science: A New Golden Age, arguing that government intervention created many of American science's problems.
Paychex reports steady small business hiring with more worker hours
Paychex reports stable small business hiring in july with increased worker hours boosting earnings growth and manufacturing leading employment gains.
Rabbit fever cases detected in US. How to check for symptoms
Cases of tularemia, or rabbit fever, have been detected in the United States. Here are symptoms and where the rare disease has been reported.
Kentucky health officials investigating over 600 reported cases of cyclosporiasis
The Kentucky Department for Public Health says they are investigating 620 reported cases of cyclosporiasis statewide, 274 of which have been confirmed as of July 29.
Sony Music Appoints Stephanie Yu to General Counsel and Executive Vice President, Business and Legal Affairs
Sony Music today announced the appointment of Stephanie Yu to General Counsel and Executive Vice President, Business and Legal Affairs. She reports to Rob Stringer, Chairman, Sony Music Group and Kevin Kelleher, COO, Sony Music. Yu will be responsible for overseeing the business, legal and governmental affairs strategies and activities for the company globally. Stringer […]
Sony Music Appoints Stephanie Yu to General Counsel and Executive Vice President, Business and Legal Affairs
Sony Music today announced the appointment of Stephanie Yu to General Counsel and Executive Vice President, Business and Legal Affairs. She reports to Rob Stringer, Chairman, Sony Music Group and Kevin Kelleher, COO, Sony Music. Yu will be responsible for overseeing the business, legal and governmental affairs strategies and activities for the company globally. Stringer […]
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
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Robert Wood Johnson University Hospital, Cooperman Barnabas Medical Center Named Best Hospitals by U.S. News & World Report
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Cone Health Hospitals Named No. 1 in Greensboro-Winston-Salem Metro Area by U.S. News & World Report
National recognition in rehabilitation and high-performing ratings across multiple specialties help consumers identify trusted local care.
Fake health inspector reported at DeKalb restaurants, officials say
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Northern Kentucky Magazine to induct four into 8th Annual NKY Business Hall of Fame
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Packers’ First Preseason Game Becomes Super Bowl Reunion
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Apple’s Rumored Camera-Equipped AirPods Could Arrive as Early as This Year
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