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The First PS5 Game Delay Out of September 2026 Has Been Confirmed
Valor Mortis pushed back to October
SpaceX IPO buyers are betting on an idea, not a business
Market Catalysts host Julie Hyman sits down with Epistrophy Capital Research Chief Market Strategist and The Drill Down podcast host Cory Johnson to discuss the upcoming SpaceX (SPCX) IPO. Johnson breaks down the company's key business segments and weighs in on its valuation. Asked whether he agrees with the proposed $135 IPO price, Johnson expressed caution, saying, "Projections out to the future to get to today's price are really optimistic."
Who evaluates the evaluators? The data science behind agent evals
Learn how Copilot Studio approaches AI agent evaluation with generated data, grader validation, and scalable testing that improve agent quality.
Stranger Than Heaven Devs Say Adding Tupac To The Game Was A 'Good Idea'
'This was something we thought would add value to our game,' said Masayoshi Yokoyama
Halo: Campaign Evolved Stumbles on Unreal Engine 5, as RTX 5090 Barely Cracks 100 FPS at 1440p Ultra
Halo Campaign Evolved UE5 remake struggles to hit high FPS on RTX 5090 at 1440p, proving optimization worries valid.
UK health regulator approves Novo Nordisk's weight-loss pill
Britain's medicines regulator approved Novo Nordisk's weight-loss pill on Thursday, giving patients a new needle-free treatment option and bolstering the Danish drugmaker's first-to-market lead against U.S. rival Eli Lilly .
One of fall's coolest games has been delayed to October to avoid a September crush
Last Sunday, a trailer that aired during an online Xbox event showed Valor Mortis, an upcoming action game that re-imagines the age of Napoleonic wars as a conflict with the plague-ridden undead. It’s a first-person game that mixes Dark Souls-style combat with parkour—it’s from the developers of the acclaimed, fast-paced cyberpunk wall-running Ghostrunner games—and a setting like nothing else that’s out there. Valor Mortis’ trailer concluded with a release date: September 24. But by the time it aired, the teams behind the game knew that was no longer Valor Mortis’ release date. Days ago, they’d learned the hard way that September 24 would be untenable and that they’d have to change it. Today, they’ve announced a new one, October 13, after speaking to Game File about getting out of the bind they recently found themselves in. “When we picked September 24th, it looked like a very, very clear date,” Blake Rochkind, head of publisher Lyrical Games, told me during an impromptu interview on Monday in Los Angeles. “Very quickly it became not such a clear date.” Lyrical and development studio One More Level had a feeling the deate might need to change, Rochkind recalled. But they had to lock in September 24 “many, many weeks” ago. Really, though, who could know if that was the right call when they made it? “There were so many unknowns,” Rochkind said. “This was before Sony State of Play, before Xbox Showcase, before Nintendo Direct, before Summer Games Fest.” Then on Tuesday, June 2, during a PlayStation showcase held just five days before their planned release date reveal, things changed. “As soon as Control announced September 24th, we knew we were moving the date.” It wasn’t just the PlayStation showcase reveal of the release date for Remedy’s upcoming third-person thriller. There were others. And changing their own trailer this close to its airing, Rochkind would later tell me, wasn’t possible.
Juliano Valdi takes us behind-the-scenes of Michael Jackson biopic (exclusive)
'Michael' star Juliano Krue Valdi is sharing happy memories from the set of the Michael Jackson biopic, including hilarious moments with costar Colman Domingo and winning $50 in a bet with director Antoine Fuqua.
Why better AI doesn't always mean better outcomes
Users who adapt their prompting strategies can capture dramatically more value when generative AI tools improve, especially on tasks that require precision and control.
L.A. Weekend Guide: Olivia Rodrigo, World Cup, Blue Note
An Olivia Rodrigo Pop-up, Blue Note Jazz Festival, Swifite Liftie Club and more happens this weekend in Los Angeles, June 11-14.
Roundup: BREC millage / New gas pipeline / Screwworm in pets
Partnership backing: The Greater Baton Rouge Economic Partnership supports renewing BREC’s parks and recreation millage on the June 27 ballot, saying parks and trails are key to quality of life and economic growth. Leaders say the renewal will help maintain a valuable community asset while BREC undergoes a leadership transition. They emphasize the importance of […]
‘Criminal Minds’ Fans, Here’s What the Showrunner Really Thinks About Connor Storrie Being in ‘Heated Rivalry’ (Exclusive)
Chevron’s CFO on why finance chiefs are defining AI’s business value
Eimear Bonner, a former CTO, explains how the finance organization is using AI.
Brad Pitt and a dog take on wolves and the Alaskan wilderness in 'Heart of the Beast' trailer
In David Ayer's 'Heart of the Beast,' Brad Pitt stars as a former soldier who is fighting for survival in Alaska alongside his combat dog.
Arts and entertainment events happening June 11th-14th across the Mid-Ohio Valley
Here is a look at all the arts and entertainment events happening this weekend across the Mid-Ohio Valley
Kustom Entertainment, Inc. and Gilley’s Gambling Hall Park City Conclude Press Conference Announcing New Live Event Plans
Kustom plans 20+ show dates at Gilley’s, with the first event planned for Fall 2026 Park City, Kan., June 11, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (Nasdaq: KUST), (Stan Ross, CEO) and Gilley’s Gambling Hall Park City, KS (Phil Ruffin, Owner) have concluded a press conference at Gilley’s, where leaders shared new details on plans to bring more live music, festivals, and large-scale entertainment events to Park City and the Wichita, Kansas area. Kustom Entertainment, Inc. (the “Comp
A Look At Flutter Entertainment’s Valuation As Shares Rebound But Long Term Returns Lag
Event driven snapshot Flutter Entertainment (NYSE:FLUT) recently attracted attention after a period of mixed share performance, with the stock rising over the past month but still showing declines over the past year and year to date. See our latest analysis for Flutter Entertainment. At a share price of US$112.94, Flutter’s recent momentum has been strong in the short term, with a 30 day share price return of 20.20%. However, the 1 year total shareholder return is still down 58.07%, which...
CD&R Engages Former Enovis CEO as Operating Advisor — Clayton Dubilier & Rice, LLC
We are a global private equity manager that invests in and builds valuable businesses.
Eaton to Merge Mobility Business With Dana in $10 Billion Deal
Eaton Corp. agreed to merge its mobility business with Dana Inc. in a deal valuing the combined company at roughly $10 billion including debt.
Senior Dog With Dementia Makes a Valuable Contribution to Science of Aging
Ralph spent years bringing joy and comfort to the Rowe family, but his impact extended far beyond his home. After developing dementia in his later years, the senior dog became part of a research effor...
Social Security is Facing a Political Crisis
On Tuesday the Social Security Trustees released their latest report on the system’s finances. The numbers didn’t change much: Unless something is done, the Old Age Survivors and Disability Insurance (OASDI) program, Social Security’s official name, will be unable to pay full benefits starting in either 2032 or 2034, depending on some technical issues. That’s not far away: If the Trustees are right, the prospect of a Social Security crisis will loom over the next presidential administration. It’s important to understand, however, the nature of the looming crisis. It won’t be an economic crisis. It won’t even be a serious fiscal crisis. Whatever you may have heard, Social Security isn’t in danger of going bankrupt. What we’re facing, instead, is potential political crisis. Congress and the White House could easily take action to sustain America’s retirement system. But given the current state of our politics, there’s no guarantee that they will. There is a widespread misunderstanding of how Social Security works. While Social Security was designed to look like a pension fund, it isn’t. A pension fund pays benefits out of a stock of assets it has accumulated over time. In contrast, Social Security operates as a government transfer program, like food stamps or Medicaid. Now, unlike food stamps — but like the highway trust fund — Social Security is on paper supported by a dedicated tax, the payroll tax, that is assigned to that program. But I say “on paper” because from an economic point of view assigning the payroll tax to Social Security is just an accounting convention. What matters for the U.S. economy is the overall balance between government spending and government revenue, not the difference between one type of spending and one source of revenue. So there’s no inherent economic significance to the fact that by 2034 payroll tax receipts will be insufficient to cover promised benefits. There is, however, a legislative issue. As long as the Social Security Administration can pay benefits out of payroll taxes and its cash reserve, there’s no need for Congress to vote each year to authorize benefits — they just keep going out until further notice. However, once those resources become insufficient, benefits will fall —by 17 percent according to the Trustees — unless Congress passes new legislation that “tops up” Social Security’s finances. Yet the current administration and Republican party are such extremists that there is a real risk that Social Security will be held hostage on behalf of their goals. If this should come to pass, the hostage-takers will claim that shoring up Social Security is unaffordable. Right on cue, Mike Johnson, the Trump-sycophant Speaker of the House, declared on Monday that “entitlement programs” like Social Security “have to be adjusted and fixed,” and that Republicans will introduce a plan to that effect next year. But this is a ploy, because while the cost of maintaining Social Security benefits at their promised level isn’t trivial, it is in fact affordable. According to the Trustees’ report, the actuarial balance of OASDI up through 2050 — the amount of additional funds it would need to keep paying full benefits for the next 25 years — is 1.06 percent of GDP. To put that number in perspective, the Trump administration proposes increasing military spending next year by $420 billion, equivalent to about 1.4 percent of GDP – without any discussion of whether that’s affordable Yet how did we get to the point where Social Security will need to be topped up? The main answer is that we have an aging population, with a growing ratio of retirees collecting benefits to workers paying into the system: Trump’s anti-immigration policies are making this problem worse. According to the Trustees’ report, lower immigration will deepen Social Security’s financial hole because many immigrants are working-age adults who will pay into the system for decades before they collect benefits. In fact, this problem may be much bigger than the report acknowledges: The report’s baseline assumption is that we’ll have net immigration of almost 1.2 million people a year, and even the pessimistic case assumes 750,000 a year. Meanwhile actual net immigration has already been cut far below that — and may now be negative. Moreover, Social Security is being financially damaged by growing income inequality in America. Payroll taxes are levied only on wages up to $184,500, and they don’t touch capital income. With the distribution of income increasingly shifting from labor to capital, as well as becoming more unequal among wage-earners, revenue from the Social Security payroll tax has been falling as a share of national income. From 1990 to 2024, it fell from 5.02 percent of gross domestic income to 4.46 percent. Which brings me to the question that, these days, we ask about everything: How might Social Security be affected by the advent of AI? A short answer: If, as many of us fear, AI accelerates rising income inequality, it will further reduce the payroll tax receipts that currently pay for Social Security and further endanger its finances. On the other hand, if AI, as its advocates promise, leads to faster economic growth, it will increase the potential tax base that could and should be used to support Social Security and other social insurance programs. But to take advantage of that larger base, we’ll have to get serious about taxing wealth and capital income. Is Social Security in trouble? Yes, but only because of the way its financing is currently structured — a structure that no longer works well because our society and economy have become so unequal. Moreover, Trump’s immigration policies are further endangering its already deteriorating financial condition. So don’t believe Republicans’ gaslighting that it will be necessary to cut Social Security benefits. All that is necessary to preserve Social Security is political will to raise taxes on the wealthy and a sensible immigration policy. MUSICAL CODA Actually 67 under current law.
INTERVENT International and Brand Engagement Network Launch INTERVENT Health AI, Inc., Combining 25+ Years of Clinically Validated Health Coaching with Enterprise-Grade Conversational AI
/PRNewswire/ -- Brand Engagement Network Inc. (NASDAQ: BNAI) ("BEN" or the "Company"), a provider of secure, enterprise-grade artificial intelligence for the...
UTRGV Sports Medicine Adds Muteba Dikanda as Assistant Athletic Trainer
RIO GRANDE VALLEY – The University of Texas Rio Grande Valley (UTRGV) Department of Intercollegiate Athletics announced the addition of Muteba Dikanda as an Assistant Athletic Trainer.
Graham Platner Shows That There Is No Moral High Ground in Politics
He and Ken Paxton demonstrate that both the progressive left and MAGA right have abandoned values for the sake of power.
Is It Time To Reassess Live Nation Entertainment (LYV) After Recent Regulatory Scrutiny?
Wondering whether Live Nation Entertainment at around US$167.50 is priced for perfection or still offers room for value is a fair question for any investor looking at the stock today. Recent returns, including 2.0% over the past week, 2.8% over the past month, 15.3% year to date and 16.7% over the last year, along with a 92.4% three year return and 92.0% five year return, show how much sentiment on the stock has shifted over different time frames. Recent news coverage has focused on Live...
A key congressional race in California will test progressives' appeal in a Republican district
Randy Villegas, a populist insurgent, has won the Democratic primary for a House seat representing California’s Central Valley.
The Herald's weekly entertainment picks
Looking to be entertained from Thursday, June 11, through Wednesday, June 17? Check out the Skagit Valley Herald’s weekly recommendations.
‘Going to be a very busy place’: Partners talk Park City music festival plans
Soon, the “Back 40” — Gilley’s vacant, 40-acre backyard — will be teeming with food vendors and musical acts.
England player ratings: Anthony Gordon proves his value but has Jude Bellingham done enough to guarantee World Cup start?
England finished their pre-tournament warm-up campaign with a much-improved 3-0 win over Costa Rica; Goals were scored by Declan Rice, Anthony Gordon and Ollie Watkins; Thomas Tuchel has a few starting spots still up for grabs - so, who made their mark?
Assessing Accel Entertainment (ACEL) Valuation After A Mixed Q1 Earnings Beat And Modest Share Price Reaction
Q1 report and tempered market reaction Accel Entertainment (ACEL) recently posted its Q1 results, with revenue up 8.5% year over year and ahead of analyst expectations, while earnings per share also beat forecasts but adjusted operating income fell short. The stock has seen a modest move higher since the release, suggesting that investors are weighing stronger top line and EPS figures against the softer adjusted operating income performance as they reassess the company’s current setup. See...
Tanner McKee takes second-team reps at Eagles minicamp practice
The Eagles continue evaluating their backup quarterbacks, and Tanner McKee received his turn with the second-team offense.
Car show Saturday in Lynchburg to raise funds for Valor Farm, veterans’ mental health
The National Center of Healthy Veterans at Valor Farm is hosting a car show sponsored by Lynchburg community partners.
Brandon Valenzuela Making Blue Jays' Tough Roster Decision Easy
When the Toronto Blue Jays traded busted prospect Will Wagner to the San Diego Padres last year in return for catcher Brandon Valenzuela, the team could never have expected the 25-year-old Mexican backstop to perform the way he has in his rookie season. Through the first 45 games of his MLB career, ...
Simu Liu defends Hudson Williams against 'massive hate campaign' after resurfaced photo sparks backlash
Marvel star Simu Liu has spoken out in defense of 'Heated Rivalry' star Hudson Williams amid backlash after an unverified photo of him as a teenager with a swastika drawn on his forehead surfaced online: 'The internet is insane.'
A $1,500 foundation model that rivals larger LLMs
Sapient researchers trained a 1B reasoning model on just 40B tokens — scoring competitively with 2B-7B models at a fraction of typical pretraining cost.
Patrick Mahomes, Chiefs agree to reworked contract reportedly valued at more than $500 million
Patrick Mahomes, Chiefs reportedly agree to reworked contract valued at more than $500 million
Sources: Chiefs' Patrick Mahomes to make over $500M in reworked deal
The Chiefs are adding two years to Patrick Mahomes' contract in a reworked contract that ties him to Kansas City through 2033 at a value of $504.75 million, sources told ESPN.
College sports bill sparks unusual alliances
A push on Capitol Hill to craft legislation to rein in college sports amid skyrocketing costs and roster upheaval has created strange alliances across both the political and athletic spectrums, as was on display Wednesday at a roundtable hearing to rally support for the Senate’s version. The head football coaches at the University of Memphis […]
From The Sports Desk: Carolina claims Game 4 in back-and-forth Stanley Cup Final
Jordan Staal scored the go-ahead goal, as the Hurricanes beat the Vegas Golden Knights 5-3 and even the series 2-2. Plus, today’s World Cup spotlight is Uruguay’s Federico Valverde.
Nvidia Buys Kumo AI To Bring AI Predictions To Business Data
Nvidia's reported $400 million acquisition of Kumo AI is a bet that the next wave of enterprise AI value will come from business data, not just documents and code.
Appendix C: The history of the political typology
The Pew Research Center political typology aims to sort Americans into groups based on their political values and beliefs. The current study – Pew Research Center’s ninth political typology study since the first one in 1987 – is based on a survey conducted among 10,357 adults on Nov. 17-30, 2025. Previous versions of the political […]
Syracuse coach Legette-Jack praises politicians for college sports bill: ‘You’re putting a stop to this’
The Syracuse women's basketball coach spoke out against the possible creation of a super league in college sports and also discussed the value of college sports in her life.
The political typology illustrates gaps in political values by age, race and ethnicity
The prevalence of Pew Research Center’s nine political typology groups varies considerably by age and across racial and ethnic groups. This variation mirrors these demographic divides in American politics today – both overall and in each of the partisan coalitions. This analysis is part of Pew Research Center’s 2026 Political Typology. To learn more about […]
How foreign policy values and issues cut across the political typology groups
The 2026 Pew Research Center political typology reveals a rich portrait of how Americans view the nation’s place in the world, the strength and use of its power, its relationships with other nations and many current foreign policy hotspots. While some foreign policy dynamics in the typology track traditional ideological and partisan divides, that is […]
How voting, political participation and news sources differ across political typology groups
Pew Research Center’s political typology sorts Americans into nine groups based on their political values and attitudes. Some groups are very ideologically consistent and deeply partisan, while others represent different combinations of values and are more ideologically mixed. But the groups also vary in the relative importance they place on politics itself and the extent […]
Loyal Liberals
Loyal Liberals have broadly progressive political values across many issue areas and a strong allegiance to the Democratic Party. Highly educated and relatively secure economically, they are strong supporters of the United States’ traditional diplomatic alliances. Loyal Liberals are one of nine groups in Pew Research Center’s 2026 Political Typology. To learn more about the […]
Left-Out Left
Left-Out Left are a Democratic-oriented group marked by low expectations of the political system and a feeling that they are not well-represented. They largely doubt that political action will meaningfully improve their lives. And while they like the Democratic Party considerably more than the Republican Party, their evaluations of Democrats are lukewarm at best. Left-Out […]
Unconventional Right
Unconventional Right are a Republican-oriented group with conservative values in many areas – but not across the board. Largely supportive of restrictions on immigration and concerned about its impact on the country, they are also skeptical of efforts to promote diversity in workplaces and schools. Unconventional Right are one of nine groups in Pew Research […]
Faith First Conservatives
Faith First Conservatives are deeply conservative in their political values and are stalwart supporters of the Republican Party and Donald Trump, though their political style is not as uncompromising as No Apologies Right (the other typology group firmly at the core of the Republican coalition). They are highly religious and hold traditional stances on many […]
Beyond Red vs. Blue: The Political Typology
Our typology sorts the public into nine groups based on their political and cultural values, not their party – painting a picture of American politics with far more than two colors.
Cavaliers could have difficult time re-signing Dean Wade
Cavaliers could have difficult time re-signing Dean Wade
How AI Will Change the Job Market—and Boost These Health Insurance Stocks
Barclays upgraded its rating of Oscar to overweight, a buy equivalent, and reiterated its overweight rating on Centene in a new research note.
Opinion | Health system growth and high-value care can go hand in hand
Expansion and value do not have to be mutually exclusive. Health care organizations should not have to choose between growth and quality, or between operational sustainability and patient-centered care. In fact, when integration is done well, those goals can strengthen one another.
Final Fantasy 14 receives first Nintendo Switch 2 gameplay trailer
We now have a good look at Final Fantasy 14 on Nintendo Switch 2 with a proper gameplay trailer. Square Enix announced a port of the game at the end of April during the Fan Festival. However, we didn’t really get a look at the Nintendo Switch 2 version at all. A few seconds of footage did appear during yesterday’...
Tim Allen says 'personality problems' with onscreen sons has halted 'Home Improvement' revival
Tim Allen's plans for a 'Home Improvement' return has been made 'challenging' due to 'personality problems' with the actors who played his sons on the '90s sitcom.
Valve kills its retail gift card program due to scammers
Move also cuts off a massive market of legit users who buy cards with physical cash.
An Actor Just Revealed Why They Can't Do Heated Rivalry Season 2
I need to be transported to the alternate universe where this actually worked out.
Arlington council renames entertainment district in bid to add the area to statewide network
The council voted unanimously to rename the district. It now awaits state approval.
Feds move to formally allow sports "trading" on prediction markets
The CFTC moved Wednesday to formalize rules allowing prediction markets to offer the equivalent of sports betting nationwide.
GM bets on energy storage business, following rival Ford in EV battery pivot
GM announced a new stationary battery initiative for grid-scale energy storage, following rival Ford in a pivot of its battery outlays meant for EVs.
Sarcone Leads Revival of NDNY Health Care Fraud Task Force
The task force will focus on identifying emerging fraud trends, coordinating investigations among partner agencies, sharing intelligence, and pursuing both criminal and civil enforcement actions against individuals and organizations engaged in fraudulent conduct involving federal and state health care programs.
This new progressive faith and labor coalition is hoping to shake up Fresno politics
The new nonpartisan coalition brings faith, labor and civic leaders across the Central Valley to mobilize around the issues most important in their communities. The new nonpartisan coalition brings faith, labor and civic leaders across the Central Valley to mobilize around the issues most important in their communities.
Valve is phasing out physical Steam gift cards due to scammers
Valve says “scammers have adapted.”
Alien: Isolation 2 is Poised to Deliver Another Bold Chapter in Survival Horror
We played the Alien: Isolation 2 prologue at Summer Game Fest: Play Days and lived to talk about it with the creative geniuses at Creative Assembly.
Jack Innanen offered “Heated Rivalry” season 2 role but couldn't accept due to production conflicts (exclusive)
Fans have long dream-cast the "Adults" and "Big Mistakes" star for the new season, which is set for 2027.
Valve Is Killing Physical Steam Gift Cards In A Bid To Combat 'Scammers'
According to Valve, Steam gift card scams have become such an issue for the platform that its made the 'difficult' decision to discontinue their physical sales altogether
Physical Steam gift cards are being ended by Valve because scammers keep using them to trick people
Valve is making a major change to Steam gift cards by completely getting rid of the physical option.
Why 'Heated Rivalry' season 2 hopeful Jack Innanen couldn't make role work
Jack Innanen, a longtime 'Heated Rivalry' hopeful, was offered a season 2 role, but the 'Adults' and 'Big Mistakes' star couldn't accept due to production conflicts, EW can confirm.
UnitedHealthcare contract dispute threatens in-network care at another Pennsylvania health network
Less than two months after Lehigh Valley Health Network became out of network for UHC commercial plans, Main Line Health is warning its patients that a similar outcome is possible.
A Look At PENN Entertainment (PENN) Valuation As It Opens A New Land Based Hollywood Casino Aurora
PENN Entertainment (PENN) is reshaping its Illinois footprint as it prepares to close the longtime Hollywood Casino Aurora riverboat and open a new US$360 million land-based complex later in June. See our latest analysis for PENN Entertainment. The latest Hollywood Casino Aurora announcement comes after a strong run in PENN Entertainment's stock, with a 36.8% year to date share price return and a 36.7% 90 day share price return. However, the 5 year total shareholder return is down 74.1%, so...
What Brands Get Wrong About Sports Sponsorships—and How to Get Them Right
Companies spend billions sponsoring major sporting events, yet many still evaluate success primarily through exposure metrics such as logo visibility and immediate brand recall. New research suggests those measures increasingly misrepresent sponsorship effectiveness because consumers form long-lasting, overlapping associations among brands, events, and competitors within crowded sponsorship ecosystems. Brands generate more enduring value when they focus less on visibility and more on authentic participation, distinctive experiences, and emotional engagement that strengthen trust and meaningful long-term recall.
Marvel Rivals - The Super Hero Team-based PVP Shooter
Play for free Now!! Get ready to Ignite the Battle with Marvel Rivals!
In a Divided America, the Road from Obama to Trump | FRONTLINE | PBS | Official Site
Newly available on YouTube, part two of FRONTLINE’s archival documentary series ‘Divided States of America’ traces the rise of the polarization and division that continue to define U.S. politics today.
Business Restructuring Review Vol. 25 No. 3 May-June 2026
In This Issue Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief In In re Siu-Fung Ceramics Holdings Limited, No. 24-33299, 2026 WL 382424 (Bankr. S.D. Tex. Feb. 10, 2026), the court denied petitions for chapter 15 recognition of Hong Kong bankruptcy and liquidation proceedings commenced on behalf of an individual debtor and a group of companies that he owned or controlled. According to the court: (i) the corporate debtors' Hong Kong liquidation proceeding was not eligible for chapter 15 recognition because the attorney retainer upon which such relief was based was not funded until nine months after the chapter 15 petition date; and (ii) the individual debtor's Hong Kong bankruptcy case could not be recognized because the debtor's "center of main interests" on the chapter 15 petition date was not in Hong Kong, and he did not even maintain an "establishment" there. [read more …] Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions In In re Container Store Group, Inc., 676 B.R. 356 (S.D. Tex. 2026), appeal filed, No. 26-20166 (5th Cir. Apr. 14, 2026), cross appeal filed, No. 26-20166 (5th Cir. Apr. 24, 2026), the U.S. District Court for the Southern District of Texas addressed consensual third-party releases and gatekeeping provisions in the aftermath of the U.S. Supreme Court's ruling in Harrington v. Purdue Pharma L.P., 603 U.S. 204 (2024). Consistent with existing Fifth Circuit precedent, the court confirmed that, in appropriate circumstances, consent for third-party releases may be obtained through a creditor's failure to opt out of granting that consent. But, the court ruled, consent through an opt-out mechanism essentially can never be inferred for creditor classes that stand to receive no recovery under a chapter 11 plan and that are deemed to reject the plan by operation of applicable bankruptcy law. Instead, those classes must affirmatively opt in to any release. The court also narrowed and remanded the bankruptcy court's acceptance of a broad gatekeeping provision, ruling that such provisions must correspond to the restrictions established by Fifth Circuit precedent. [read more …] Delaware Bankruptcy Court: Initial Transferee Need Not Be Defendant in Fraudulent Transfer Avoidance and Recovery Litigation The Bankruptcy Code gives a bankruptcy trustee the power to avoid asset transfers that are either made with the intent to defraud creditors or that are "constructively" fraudulent because an insolvent debtor did not receive adequate value in exchange. The Bankruptcy Code also permits recovery of an avoided transfer from not only the initial recipient, but also from subsequent transferees. Courts disagree over whether a transfer must actually be avoided before the trustee can seek recovery from a subsequent transferee and whether the initial transferee must also be a defendant in the recovery litigation against a subsequent transferee. The U.S. Bankruptcy Court for the District of Delaware weighed in on this debate in Phillips v. SS Associates LLC (In re ONH AFC CS Investors, LLC), No. 23-10931 (CTG), 2026 WL 312892 (Bankr. D. Del. Feb. 4, 2026). The court adopted the majority view, ruling that the initial transferee need not be a defendant in avoidance and recovery litigation against a subsequent transferee, but that the trustee must establish the elements necessary to avoid the initial transfer as part of the recovery litigation. [read more …] New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions In order to assume and assign an executory contract or unexpired lease, a bankruptcy trustee must cure most defaults under the agreement and provide "adequate assurance" of the assignee's future performance. However, the Bankruptcy Code provides no guidance as to the meaning of "adequate assurance" other than with respect to shopping center leases. In In re Broadway Realty I Co. LLC, No. 25-11050, 2026 WL 147505 (Bankr. S.D.N.Y. Jan. 19, 2026), the U.S. Bankruptcy Court for the Southern District of New York examined this issue in connection with a proposed assignment of thousands of residential leases as part of a free-and-clear sale of debtors' properties. The court held that "adequate assurance" does not mean a guarantee of the assignee's future performance, but merely demonstration that the assignee has the ability to satisfy the underlying obligations. The bankruptcy court also ruled that an exculpation provision in the debtors' chapter 11 plan exonerating non-estate fiduciaries from liability for actions taken in connection with the chapter 11 case was unobjectionable, provided it was limited in scope to postpetition conduct and actions taken in connection with implementation of the plan after its effective date. [read more …] Newsworthy Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington) were included in the 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers. The Daily Business Review selected Isel M. Perez (Miami) as an "On the Rise" winner for the Florida Legal Awards. The Florida Legal Awards annually recognize those who have made significant contributions to the legal industry in Florida. Dan T. Moss (Washington/New York) was inducted as a Fellow in the 37th Class of the American College of Bankruptcy at its Annual Meeting in March 2026 in San Antonio, Texas. Christine Borries (Munich) was ranked in the practice area Restructuring/Insolvency in the 2026 edition of Chambers Germany. The 2027 edition of The Best Lawyers in Singapore™ recognized Sushma Jobanputra (Singapore) in the practice area Insolvency & Reorganization. The restructuring transaction involving Eissmann Automotive North America, Inc. received the "2025 Turnaround of the Year (Large Company)" at the Turnaround Management Association (Detroit) Annual Awards Reception. T. Daniel Reynolds (Cleveland) and Nick Buchta (Cleveland) represented subsidiaries of Eissmann Group Automotive in connection with the parent company's German insolvency proceedings. Roger Dobson (Sydney) is among 40 Jones Day lawyers recognized by The Best Lawyers in Australia 2027 for his contributions in Banking and Finance Law; Distressed Investing & Debt Trading; Insolvency and Reorganization Law; Litigation. An article written by Corinne Ball (New York) titled "Ard Finance—A Global Enterprise Combining an LME With a Foreign Insolvency Proceeding and Chapter 15" was published in the April 21, 2026, edition of the New York Law Journal. An article written by Alex Sapp (New York) titled "Recent Developments in Section 510—Subordination" was published in the 2025 edition of the Norton Annual Survey on Bankruptcy Law. An article written by Brad B. 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The drug that saved your mother. The treatment your doctor recommended. The clinical trial that bought someone you love more time. None of it was inevitable. It required a system built to operate outside politics and sustained over decades, because science doesn’t operate on the timeline of a politician. That system is now under direct threat. The Office of Management and Budget (OMB) has proposed a new rule to regulate all federal grants, not just science, but housing, education, defense, NASA and everything in between, that would fundamentally change how research is conducted in the United States. There have been a lot of fires in the past 16 months, and if everything is an emergency, nothing is an emergency. But this is a very big deal. These rules would strip away the independence that has kept science from becoming a political tool. The good news is there’s still something we can all do. How the grant system was designed to work When I was a new faculty member, I was full of millions of ideas, so I sat down and wrote an NIH proposal. I worked on it for months and thought it was so good. Then I sent it to my mentor. It came back covered in comments. Places where my reasoning wasn’t as airtight as I’d thought, methods that could be stronger, gaps in my thinking that I had been too close to the work to see. It stung, as honest feedback always does, but peer review almost always makes the work better. In fact, it’s the backbone of how American science has functioned for generations. At NIH, submitted proposals go to a panel of scientists who have experience in the field. These are the people who can read research methods and spot their weaknesses, who understand when an experiment is designed well and when it isn’t. Applications are scored rigorously, and often only the top 3-20% of proposals receive funding. The people making funding decisions are required to justify them based on these reviews. To be clear: this is not a perfect system, and good science still goes unfunded more often than any of us would like due to limited resources. There is also criticism that peer review may undervalue bold ideas that are risky but could have high payoffs. But the peer review system is nonetheless a meaningful part of the grant selection process. While thoughtful and careful changes could improve the system, the changes being proposed by OMB will not make things better. The rule that could change everything Through this OMB proposal, the system that helps decide what gets funded is being dismantled. There are many troubling elements buried in this proposal, but three provisions stand out in particular. Each would be damaging alone. Together, they would change what kind of science gets done in America, and who it serves. 1. Political appointees would decide which science gets funded, and peer review would be explicitly sidelined or ignored. The guidelines your doctor follows, the standards that determine what’s in your air and water, the drugs that get approved for your family: all of it starts with a funding decision. Right now, that decision is made by scientists who can evaluate whether the work is actually sound and whether it could move the needle forward. Under this proposal, funding decisions could be made by political appointees. The careful, expertise-driven review process that shapes grant funding would be effectively sidelined. That means that a poorly designed study could get funded simply because someone in a political office liked the sound of it, while rigorous, important work doesn’t get funded because it no longer aligns with the administration’s priorities. In other words, critical work that benefits all of us could now be missed just because it has become politically inconvenient. 2. Grants could be canceled at any point, without warning, in the middle of ongoing work. Say your tax dollars have been paying for a cancer study for two years. The grant was awarded for five years, so the team is mid-experiment. There are three additional years’ worth of answers that could change how the disease is treated for hundreds of thousands of people. With this new rule, the federal government could cancel the remaining funding tomorrow, walk away from the commitment it made with your money, and have no legal obligation to finish what it started. This is a huge waste of money. There are rarely other sources of funding for this work, which means the team, the graduate students, postdocs, and research staff who have dedicated years of their careers to this project could lose their jobs. Patients who have contributed their time to studies may not see it turn into useful learnings for others. Every hour of work already completed could result in nothing useful. Science can take decades to get to tangible outcomes. It needs a stable funding system to flourish. 3. Researchers would have a harder time communicating their findings without pre-approval from the federal government. There is a saying from Sir Mark Walport: “Science isn’t finished until it’s communicated.” Science is no use to anyone if it is kept locked away in the labs that produced the data. The proposed rule could make communicating research findings harder in a number of ways: Make it harder for scientists to widely share their findings in scientific journals. Publication costs, including journal fees that allow for broad public access, could not be paid for by federal funds which is often how scientists pay these costs. Restrict researchers from engaging publicly about how their findings should inform policy or public health guidelines. This would restrict scientists from doing the work that transforms years of lab work into decisions that actually affect people’s lives. Make it harder for scientists to attend conferences. Conferences would now need to be approved by the federal agency at the time of grant award. This disadvantages conferences or publications that are not politically aligned. Conferences are a key way in which scientists learn about work happening in their field so they can collaborate and build on each other’s findings. What good is science with a muzzle? The long-term impact These changes could (and hopefully would) be reversed under the next administration. But by then, damage has been done. Once projects are halted or denied funding by political appointees, people leave their science careers for other paths or even leave the country to do their amazing science elsewhere. You cannot pause a scientific study the way you pause a subscription you decided isn’t useful anymore. You cannot freeze a research team that depends on salaries to feed their families, causing a scramble for replacement funding that, in most cases, simply does not exist. When the money stops, everything stops, and all the work in progress and its potential are lost. Despite all of the language about reducing waste, fraud, and abuse, this new proposed rule increases the administrative burden tremendously. Every researcher watching this unfold will make a rational decision: don’t start anything that will take a decade to finish. This includes not building a team around funding that could vanish, or asking the big questions that need patience and stability to answer. The most consequential science, the kind that produces the treatments and the breakthroughs that reach your doctor’s office twenty years from now, is exactly the science that would be abandoned first. This is still a proposal, so we can all do something Some worry this rule is already a done deal. But by law, OMB is required to open a public comment period. Those comments matter because they inform members of Congress, they can be used in litigation, and they create a public record. So here’s what you can do: Submit a public comment. The public comment period on this proposed change is open until July 13. Anyone can submit a comment, and OMB is required to respond to substantial ones. Each comment must be different to count as distinct; identical comments will be counted only once. Comment as an individual, not on behalf of your organization. Here’s a full resource to help you, with useful examples, but in general: Share a story about how science or federal funding has benefitted you or is involved in your work. Are you or someone you loved a cancer survivor? Do you know someone with Alzheimer’s? Have you received NIH/NSF or other federal funding? All of these can be stories you use to highlight why you care. Explain why you’re worried about these proposed changes. You can use the wording found here or in other resources to help you. Ask them to withdraw this proposed rule. Contact your elected representatives. Congress allocates money to federal agencies to spend, and it has oversight of how that process works. You can let your representatives know this proposed change concerns you and ask them to intervene. There are levers they can push that can help at this moment. Let others know why federal funding matters. This isn’t just about science, but ALL federal grants, including for education systems, defense projects, and more. The process, including the importance of federal funding, is invisible to many. We can all make it more visible by sharing how science benefits us and why we value it. You can also share this article, or any of the resources linked here, to help spread awareness! Bottom line We are quickly losing ground in scientific research in the U.S. More changes, like the proposed rule by OMB, would decimate our ability to conduct research here, leaving us all worse off: fewer treatments for pancreatic cancer, less research on pollution impacts, fewer answers for patients with rare disease, and more unaddressed health needs. The impact will be very real for all of us, regardless of where we stand politically. Using our voices for science is more important than ever. Love, LM Big thanks to Dr. Megan Ranney for reading this over and providing brilliant insights, as always. Dr. Liz Marnik, PhD, is Executive Director of The Evidence Collective at YLE and a science communicator and immunologist working at the intersection of public trust, science, and public health. You can find her on Substack, LinkedIn, Instagram and Threads. Your Local Epidemiologist (YLE) comprises a team of experts, ranging from physicians to immunologists to epidemiologists to nutritionists, working together with one goal: to “Translate” ever-evolving public health science so that people are well-equipped to make evidence-based decisions. The YLE suite of newsletters reaches over 475,000 people across more than 132 countries. This newsletter is free to everyone, thanks to the generous support of fellow YLE community members. To support the effort, subscribe or upgrade below: Subscribe
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