vale_t/iStock Editorial via Getty Images Thesis We last covered the abrdn Income Credit Strategies Fund ( ACP ) three years ago, when we discussed the implications of the impending merger for the fund. ACP is a fixed-income closed-end fund that holds global high yield bonds. Given the current benign macro context and global portfolio held by ACP, we are going to revisit the CEF and highlight our u...
vale_t/iStock Editorial via Getty Images Thesis We last covered the abrdn Income Credit Strategies Fund ( ACP ) three years ago, when we discussed the implications of the impending merger for the fund. ACP is a fixed-income closed-end fund that holds global high yield bonds. Given the current benign macro context and global portfolio held by ACP, we are going to revisit the CEF and highlight our updated view. Current fund composition What is particular about this high yield CEF is its global composition: USA: 31% UK: 28% Germany: 5.6% Luxembourg: 5.3% Ireland: 4.1% France: 3.8% Jersey: 2.6% Others: residual Kindly note that U.S. exposure comes to 31% only, with the UK making up almost as much of the holdings. This is not surprising since the asset manager Abrdn is based in the UK. Another interesting tidbit is the jurisdiction of Jersey, a unique segment. Jersey is a self governing British dependency that is not legally part of the UK; hence the segregation by the fund. Jersey is a small island between England and France, and immigrants from said island gave the name to the famous U.S. state of 'New Jersey.' The fund's geographic segmentation also percolates down to the currencies used, with the current concentrations as follows: Usd: 57% Eur: 23% Gbp: 20% ACP undertakes an active foreign exchange hedging strategy, meaning that it chooses how much and when to hedge its FX exposures. To that end, the name represents an active take on foreign exchange moves as well, since the manager does not have to hedge 100% of the exposure in a systematic way. This is ok to have for a global fund from a well versed manager. From a ratings band standpoint, the CEF is overweight single-B credits: Ratings (Fund Fact Sheet) Single-B names represent 59% of the holdings, followed by double-BB names at 22%. The CEF also has a very sizable CCC bucket of 15.5%. The composition is on the high beta side, accentuated by the leverage the fund has on top: Leverage ratio: 30% Discount to NAV: -4...
Andy Andrews/DigitalVision via Getty Images The Virginia State Corporation Commission, the North Carolina Utilities Commission and the Public Service Comm. of South Carolina will get to weigh in on plans by NextEra Energy Inc. ( NEE ) and Dominion Energy Inc. ( D ) to merge and form the world's largest regulated electric utility business by market capitalization. The combined company will be more ...
Andy Andrews/DigitalVision via Getty Images The Virginia State Corporation Commission, the North Carolina Utilities Commission and the Public Service Comm. of South Carolina will get to weigh in on plans by NextEra Energy Inc. ( NEE ) and Dominion Energy Inc. ( D ) to merge and form the world's largest regulated electric utility business by market capitalization. The combined company will be more than 80% regulated, serve about 10 million utility customer accounts across Florida, Virginia, North Carolina and South Carolina and own 110 gigawatts of generation across a broad mix of energy sources. The companies plan to maintain dual headquarters in Florida and Virginia, with operational headquarters in South Carolina. The take The proposed merger of NextEra Energy and Dominion Energy will require review by multiple state commissions, including the Virginia State Corporation Commission, the North Carolina Utilities Commission, and the Public Service Commission of South Carolina. The utilities will continue to be regulated by their respective state commissions if the merger closes. The companies appear to be front-loading customer, employment and community commitments in anticipation of detailed scrutiny from state regulators, particularly in jurisdictions where commissions have historically focused on customer protections, rate impacts and demonstrable public benefit. The proposed merger is occurring against a broader backdrop of an unprecedented surge in power demand from AI data centers, the need to modernize aging grid infrastructure, and a strategic shift toward dispatchable natural gas and renewable energy platforms. Regulatory standards vary by jurisdiction. North Carolina emphasizes "public convenience and necessity," with benefits needing to at least match costs; South Carolina considers rate and service impacts; Virginia requires applicants to demonstrate that the transaction will not impair or jeopardize the provision of adequate service to the public at just...
Paul McCartney brought the house down last week at Steven Colbert's final Late Night show on CBS with his performance of the Beatles' "Hello, Goodbye." The lyrics to the classic rock song -- "you say 'goodbye', and I say 'hello'" -- could easily apply to Jerome Powell. Powell served for eight years as the Chair of the Federal Reserve. But while his critics (notably including President Trump) were ...
Paul McCartney brought the house down last week at Steven Colbert's final Late Night show on CBS with his performance of the Beatles' "Hello, Goodbye." The lyrics to the classic rock song -- "you say 'goodbye', and I say 'hello'" -- could easily apply to Jerome Powell. Powell served for eight years as the Chair of the Federal Reserve. But while his critics (notably including President Trump) were eager to be rid of him, he opted to break tradition by continuing to serve on the Federal Reserve Board of Governors. The stock market may have dodged a bullet with Powell staying at the Fed, in my opinion. Familiarity breeds... contentment? You have probably heard the saying, "Familiarity breeds contempt." However, it's a much different story with markets. Investors prefer predictability. That's something Powell brought to the table during his term as Fed Chair. On the other hand, Powell's successor, Kevin Warsh, wants "regime change" at the Fed. Warsh has spoken in favor of slashing the central bank's balance sheet and limiting its market interventions. Potentially even more worrisome, some are concerned that he could cause the Fed to lose its political independence. Had Powell resigned from the Fed's Board of Governors, the stock market could have been rattled by the prospects of Warsh having his way. The bond market may have been affected even more significantly. However, Powell should be a stabilizing force by remaining at the Fed. Importantly, Powell will retain his vote on the Federal Open Markets Committee (FOMC), which sets U.S. monetary policy. He will be in a position to serve as an influential opponent of any policy changes that could negatively impact the economy and markets. Powell was known for his clear communication during his term as Fed Chair. If Warsh tries to curtail the amount of information the central bank reveals about its decision-making process, Powell could go directly to the press. Should the Fed's independence appear to be in danger of being co...
Key Points Powell is no longer Fed Chair, but he will continue to serve on the Federal Reserve's Board of Governors. His successor, Kevin Warsh, has advocated for changes that could rattle the stock and bond markets. Powell is likely to be a stabilizing force at the Fed. These 10 stocks could mint the next wave of millionaires › Paul McCartney brought the house down last week at Steven Colbert's f...
Key Points Powell is no longer Fed Chair, but he will continue to serve on the Federal Reserve's Board of Governors. His successor, Kevin Warsh, has advocated for changes that could rattle the stock and bond markets. Powell is likely to be a stabilizing force at the Fed. These 10 stocks could mint the next wave of millionaires › Paul McCartney brought the house down last week at Steven Colbert's final Late Night show on CBS with his performance of the Beatles' "Hello, Goodbye." The lyrics to the classic rock song -- "you say 'goodbye', and I say 'hello'" -- could easily apply to Jerome Powell. Powell served for eight years as the Chair of the Federal Reserve. But while his critics (notably including President Trump) were eager to be rid of him, he opted to break tradition by continuing to serve on the Federal Reserve Board of Governors. The stock market may have dodged a bullet with Powell staying at the Fed, in my opinion. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Familiarity breeds... contentment? You have probably heard the saying, "Familiarity breeds contempt." However, it's a much different story with markets. Investors prefer predictability. That's something Powell brought to the table during his term as Fed Chair. On the other hand, Powell's successor, Kevin Warsh, wants "regime change" at the Fed. Warsh has spoken in favor of slashing the central bank's balance sheet and limiting its market interventions. Potentially even more worrisome, some are concerned that he could cause the Fed to lose its political independence. Had Powell resigned from the Fed's Board of Governors, the stock market could have been rattled by the prospects of Warsh having his way. The bond market may have been affected even more significantly. However, Powell should be a stabilizing force by remaining at the F...
Some companies develop and market simulation software (like computer-aided design or CAD, 3D modeling, product lifecycle management or PLM, data orchestration and experience creation), which engineers, designers and researchers use across various industries like architecture, engineering and construction, product design, manufacturing and digital media. The Zacks Computer Software industry include...
Some companies develop and market simulation software (like computer-aided design or CAD, 3D modeling, product lifecycle management or PLM, data orchestration and experience creation), which engineers, designers and researchers use across various industries like architecture, engineering and construction, product design, manufacturing and digital media. The Zacks Computer Software industry includes companies that provide software applications related to AI, cloud computing, electronic design automation (primarily for semiconductor and electronics industries), digital media and marketing, customer relationship management, on-premises and cloud-based database management, accounting and tax purposes, human capital management, cybersecurity and application performance monitoring and a cloud-based enterprise communications platform. Per a Precedence Research report, the global software market is expected to witness a CAGR of 11.6% from 2026 to 2035 to reach 2,468.93 billion. These trends augur well for industry participants, such as Oracle Corp. , Intuit and Progress Software Corp. At the same time, rapid advances in artificial intelligence (“AI”) and machine learning (“ML”) are reshaping the industry. The cutting-edge technologies are being swiftly integrated into enterprise and consumer applications. Software vendors are increasingly embedding generative AI into productivity tools, customer service platforms and enterprise resource planning systems. Despite these headwinds, the industry's evolving trends point to momentum ahead. The industry participants are positioned for solid growth as businesses around the globe accelerate their digital transformation initiatives. The ongoing migration to cloud and the widespread adoption of Software-as-a-Service (SaaS) models continue to provide recurring revenue visibility for vendors while giving customers the scalability, flexibility and cost efficiency they increasingly demand. Uncertainty prevailing over global macroeconomic ...
(RTTNews) - European stocks advanced on Friday, the dollar headed for a small weekly loss on improved risk sentiment in markets, and oil prices slipped to a one-month low after reports emerged the United States and Iran have agreed in principle to extend their ceasefire by 60 days. According to the tentative agreement, pending final approval from U.S. President Donald Trump, Iran would not be able...
(RTTNews) - European stocks advanced on Friday, the dollar headed for a small weekly loss on improved risk sentiment in markets, and oil prices slipped to a one-month low after reports emerged the United States and Iran have agreed in principle to extend their ceasefire by 60 days. According to the tentative agreement, pending final approval from U.S. President Donald Trump, Iran would not be able to impose tolls on ships transiting the Strait of Hormuz, while the U.S. would gradually lift its sea blockade on Iranian ports. The pan-European STOXX 600 was up half a percent at 628.06 after falling half a percent on Thursday. The German DAX edged up by 0.3 percent, France's CAC 40 surged 0.9 percent and the U.K.'s FTSE 100 was up 0.2 percent. Pernod Ricard shares were little changed. An Indian court has rejected a plea by the French spirits makers seeking permission to sell its products in New Delhi. Automaker Renault rallied nearly 2 percent after the Science Based Targets Initiative approved its new near-and-long-term emissions goals, thus updating the targets first set in 2019. German ticketing and live entertainment company CTS Eventim soared 9 percent after revenue grew by 23 percent in the first quarter. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Secure your first league title for a decade? Tick. Extend your Golden Boot-winning striker’s contract. Tick. Lift a first Women’s FA Cup since 2020? Pending. May 2026 has gone swimmingly for Manchester City and they are hoping it will get even better. Once you get that sweet taste of long-awaited success, you want more, and coaches will tell you it is not reaching the top that is the hardest part,...
Secure your first league title for a decade? Tick. Extend your Golden Boot-winning striker’s contract. Tick. Lift a first Women’s FA Cup since 2020? Pending. May 2026 has gone swimmingly for Manchester City and they are hoping it will get even better. Once you get that sweet taste of long-awaited success, you want more, and coaches will tell you it is not reaching the top that is the hardest part, but staying there. Keeping hold of your best players is job No 1 in that regard, so persuading Khadija “Bunny” Shaw to perform a remarkable U-turn and stay for another four years was vital. The Jamaica striker, who scored 21 times in 22 league games this season, had signalled firmly to the club she had decided to leave, because other teams were offering more lucrative contracts and talks with City had broken down. The late intervention of senior management from the men’s arm of the club to ensure Shaw’s contract requests were met led to her change of heart. Shaw had made clear her preference was to stay and the club realised not only the value of keeping her, but the potential cost of her playing for a direct rival in Chelsea. Shaw’s exit would have been a major momentum-killer. Her mic-drop-style reveal that she was staying, presented on stage during Monday’s trophy parade in Manchester in front of thousands of overjoyed fans, signalled that the club are serious about trying to build a winning machine and perhaps even challenge for a first European title. The first stop is Wembley, where they face Brighton on Sunday when victory would land their first league and FA Cup double and first two-trophy season since 2019, when they triumphed in both domestic cups. It would also be their first FA Cup success in six years and their first in front of fans for seven years, because their extra-time victory over Everton in 2020 was played behind closed doors during the pandemic. City will not have it all their own way against a Brighton side who beat them in the league in April and ha...
NFL star Aaron Rodgers’ parents have scored a major real estate win after offloading their longtime California home for $1.68 million just a few weeks after listing the property.
NFL star Aaron Rodgers’ parents have scored a major real estate win after offloading their longtime California home for $1.68 million just a few weeks after listing the property.
Which first lady feared her husband might be having a stroke? The quiz knows This week, the pope took aim at AI, a fancy carmaker dipped a toe in the EV market and a first lady made a surprising comment. Special Series The NPR news quiz Have you been paying attention? Which first lady feared her husband might be having a stroke? The quiz knows toggle caption Marco Bertorello/AFP via Getty Images; ...
Which first lady feared her husband might be having a stroke? The quiz knows This week, the pope took aim at AI, a fancy carmaker dipped a toe in the EV market and a first lady made a surprising comment. Special Series The NPR news quiz Have you been paying attention? Which first lady feared her husband might be having a stroke? The quiz knows toggle caption Marco Bertorello/AFP via Getty Images; Branger/Getty Images/Hulton Archive; Anna Moneymaker/Getty Images This week, the pope took a stand on artificial intelligence in an encyclical Google Gemini called "historic and highly ambitious" and an "aggressive, uncompromising critique." Thanks, Gemini! Enjoy the quiz, y'all. Loading... A Flourish data visualization Sponsor Message
When architect turned furniture store owner Clark (Chiwetel Ejiofor) finds a portal to a mysterious realm of “backrooms” in the basement of his showroom, he struggles to explain it to his therapist, Dr Mary Kline (Renate Reinsve). “I found a place …” This otherwise innocuous phrase becomes a chilling summary of the architectural horror conjured in Backrooms, the latest A24 thriller that takes us i...
When architect turned furniture store owner Clark (Chiwetel Ejiofor) finds a portal to a mysterious realm of “backrooms” in the basement of his showroom, he struggles to explain it to his therapist, Dr Mary Kline (Renate Reinsve). “I found a place …” This otherwise innocuous phrase becomes a chilling summary of the architectural horror conjured in Backrooms, the latest A24 thriller that takes us into the liminal spaces of offices, dead malls and other eerie places that exist neither here nor there. Kane Parsons, the 20-year-old director – the youngest ever to work with the studio – produced a series of YouTube shorts titled Backrooms using just the free 3D software Blender and Adobe After Effects. The series has now been turned into a feature-length film, although it retains its visual language and conceptual framework. “Liminal spaces” are those places that seem to be in-between other places, or have been left behind by the world. They are what philosopher Mark Auge called non-places, “a space which cannot be defined as relational, or historical, or concerned with identity”. Architect Rem Koolhaas called them “Junkspace”. They are the leftovers produced by advanced modernism, where everything looked the same, and there was a dissolution of “place,” in favor of neutral, meaningless places such as airports and department stores. “We have been trending for a few centuries into a spiral of industrialism,” Parsons said on the A24 podcast. “We’re kind of getting stuck in this monoculture.” As the preeminent liminal space, “backrooms”, including Parsons’s YouTube series, are a fictional fandom expansion pack of the dead malls of the early 2000s. In fact, the first image to bring liminal spaces into online conversation, posted in 2003, was from the renovation of a furniture store in Oshkosh, Wisconsin. With the emptying of the big box store, there is the liminal. Once the in-between spaces borne of the 20th century’s urban modernization – the junkspace of airports, superma...
My earliest reading memory I’m not sure what we were reading – The Velveteen Rabbit by Margery Williams or the poems in Where the Sidewalk Ends by Shel Silverstein – but I was undoubtedly with my sister, two years older, who set the example for me to be a reader. I picture us in the back of our family car or laying across our twin beds in the room we shared. My favourite book growing up I loved my...
My earliest reading memory I’m not sure what we were reading – The Velveteen Rabbit by Margery Williams or the poems in Where the Sidewalk Ends by Shel Silverstein – but I was undoubtedly with my sister, two years older, who set the example for me to be a reader. I picture us in the back of our family car or laying across our twin beds in the room we shared. My favourite book growing up I loved mysteries and fantasy worlds. I read so many of the Nancy Drew books, and The Boxcar Children by Gertrude Chandler Warner. And I loved the Narnia stories and The Wind in the Willows. I loved books about things that can’t exist. I suppose it’s all escapism – crimes solved by children, talking animals, time travel, people two inches tall. I always loved to slip into another, better world. The book that changed me as a teenager I read John Steinbeck’s The Grapes of Wrath at 15. It was my first real understanding of what fiction can do, how far a story can go, how words can be put to the intricacies of living. It stretched my empathy, seeing what the Joad family endured, learning through story what had happened in that place and time in American history. The writer who changed my mind Joan Didion. Every time I read her work, I am changed in some way. Her writing makes me think of the world, people, politics, the land, water, time, motherhood, marriage differently. The book that made me want to be a writer I was in college and majoring in English and creative writing. I read Interpreter of Maladies by Jhumpa Lahiri and I discovered what can be done with language and words to make something beautiful and compelling. I thought: I have to do this, I can do this, I will do this. The author I came back to I tried Jane Austen too young. I didn’t understand the language or the story. I felt lost. When I came back to Pride and Prejudice in my late 20s, I enjoyed it tremendously. The books I reread Daphne du Maurier’s Rebecca and Steinbeck’s East of Eden are the books I read again and agai...
At 56, I am running my first marathon, an old, fat, bald dad surrounded by millennials in body-hugging Lycra and smiles that look AI-generated. But I am ahead of them. For they are only competing for positions and personal bests, and I am being chased by zombies. The black dog of depression hit me around the time of my last birthday. I didn’t feel I had achieved anything of note for an eternity. I...
At 56, I am running my first marathon, an old, fat, bald dad surrounded by millennials in body-hugging Lycra and smiles that look AI-generated. But I am ahead of them. For they are only competing for positions and personal bests, and I am being chased by zombies. The black dog of depression hit me around the time of my last birthday. I didn’t feel I had achieved anything of note for an eternity. I used to work out but, for years, work kept getting in the way. I decided to kill two circling, carcass-sniffing vultures with one stone and run my first marathon. I started off accompanied by audiobooks, but when Ben Elton’s autobiography got a bit whiny, I remembered Zombies, Run! – an interactive running game for smartphones that came out years ago. That became my running companion. You start in the ruins of a shot-down chopper, with the voice in your ears trying to guide you to safety through the ranks of the undead. The interaction comes via short sections where you are told to run fast rather than lope. This is a challenge because sprinting is on that list of things you just can’t or won’t do in your mid-50s, along with sleeping all night without getting up for a pee, waiting in line at funfairs and anything to do with kale. It is a well-made audio adventure. The voice acting is superb, especially Phil Nightingale as Sam Yao, your “run operator”. His delivery is Alan Rickman-like stumbling hyperrealism, which helps to immerse you in the action – the key to the success of a game like this, because it’s trying to make you forget you are doing a fitness exercise. As you run, you pick up or lose items and resources: some are plot critical, others can be used to build out your base on the phone app. I am doing the Hal Higdon Novice Marathon Training Program, involving three “short” runs during the week and a “long” run at weekends. The distances slowly increase over 18 weeks. For the first few weeks, I am doing three- or four-mile runs during the week and six- to 10-mile r...
Grandbrothers/iStock Editorial via Getty Images An FDA advisory panel voted 8-0, with one abstention, to recommend updating COVID-19 vaccines for the 2026-27 season to target the dominant XFG variant, despite concerns from some members about limited data on currently circulating strains. Federal officials said the XFG variant, also known as "Stratus," now accounts for more than half of COVID-19 ca...
Grandbrothers/iStock Editorial via Getty Images An FDA advisory panel voted 8-0, with one abstention, to recommend updating COVID-19 vaccines for the 2026-27 season to target the dominant XFG variant, despite concerns from some members about limited data on currently circulating strains. Federal officials said the XFG variant, also known as "Stratus," now accounts for more than half of COVID-19 cases in the U.S. and carries mutations that may help it partially evade existing antibody protection. The recommendation differs from the FDA's guidance for the 2025-26 season, which called for COVID vaccines targeting the LP.8.1 variant, and follows a World Health Organization recommendation earlier this month that manufacturers target LP.8.1 or other circulating strains, including XFG and NB.1.8.1. "We can't make a recommendation if we don't have data," said Anna Durbin, a Johns Hopkins University professor and member of the FDA's Vaccine and Related Biological Products Advisory Committee, VRBPAC . The most recent CDC data, covering the four weeks ended April 11, showed XFG accounted for more than half of U.S. COVID cases, though newer data is unavailable due to reduced sequencing submissions. Four COVID shots have been approved for use in the U.S.: Moderna's ( MRNA ) mNEXSPIKE and Spikevax; Pfizer ( PFE )-BioNTech's ( BNTX ) Comirnaty - all three mRNA-based vaccines - and Novavax ( NVAX )-Sanofi's ( SNY ) protein-based shot that takes longer to manufacture. In briefing documents published before the meeting, they all said they could make the updated shot in time for the 2026-2027 season. The daylong VRBPAC meeting was notable for its relatively measured discussion, a contrast to the turbulence that has surrounded federal vaccine policy since Robert F. Kennedy Jr. became Health Secretary. Kennedy last year dismissed all members of the CDC's Advisory Committee on Immunization Practices and replaced them with a new panel that includes several vaccine skeptics and critic...
US Defence Secretary Pete Hegseth will address Asia’s main annual defence gathering on Saturday, with US allies perhaps hoping to avoid a repeat of last year’s ticking off. Hegseth’s morning speech will be the main event at the Shangri-La Dialogue in Singapore, particularly as Chinese Defence Minister Dong Jun is not attending for the second year in a row. Other speakers on the agenda include the ...
US Defence Secretary Pete Hegseth will address Asia’s main annual defence gathering on Saturday, with US allies perhaps hoping to avoid a repeat of last year’s ticking off. Hegseth’s morning speech will be the main event at the Shangri-La Dialogue in Singapore, particularly as Chinese Defence Minister Dong Jun is not attending for the second year in a row. Other speakers on the agenda include the defence ministers of Australia, Japan, Malaysia, New Zealand and Qatar. Australia, Japan and South...
The US military is quietly seeking to bolster its ability to deter — or fight — China over Taiwan, according to a report to Congress from Indo-Pacific Commander Admiral Samuel Paparo obtained by Bloomberg. The 121-page document strikes a notably tougher tone on Beijing than the broader Trump administration , warning that the People’s Liberation Army is undergoing a “historic expansion across all d...
The US military is quietly seeking to bolster its ability to deter — or fight — China over Taiwan, according to a report to Congress from Indo-Pacific Commander Admiral Samuel Paparo obtained by Bloomberg. The 121-page document strikes a notably tougher tone on Beijing than the broader Trump administration , warning that the People’s Liberation Army is undergoing a “historic expansion across all domains” and is aiming to be ready for a Taiwan contingency by 2027. To counter that threat, the Pentagon is seeking billions in new funding, including $592 million for Quicksink kits that turn standard guided bombs into low-cost ship-killing weapons, alongside major investments in hypersonic missiles, electronic warfare and secure communications. The spending plan also leans heavily on sea-denial capabilities, with funding for sea mines that can be dropped from aircraft, and covert submarine-laid minefields. The focus on controlling critical waterways comes even as Washington and Tehran move toward extending a 60-day truce and reopening nuclear talks. The recent conflict has highlighted how Iran’s grip on the Strait of Hormuz, a chokepoint for roughly a fifth of global oil and LNG flows, can disrupt energy markets, global trade and military operations, underscoring why maritime access remains central to US strategic planning. What You Need to Know Today Moving from strategic chokepoints to the final frontier: SpaceX has trimmed its IPO valuation ambitions, now targeting at least $1.8 trillion, said people familiar with the matter, down from the $2 trillion-plus figure Bloomberg previously reported. Even so, Elon Musk’s company is seeking to raise as much as $75 billion, sources have said, in what would still be the biggest IPO in history. The lower target follows consultations with advisers and investors ahead of a marketing roadshow that could begin next week, as SpaceX pitches itself not just as a rocket maker and satellite operator, but as an AI and infrastructure giant ...
Former AG Pam Bondi to testify before Congress over handling of the Epstein files toggle caption Win McNamee/Getty Images Former Attorney General Pam Bondi is scheduled to testify before House lawmakers Friday in a closed-door hearing over her handling of the Jeffrey Epstein files. The Republican-led House Oversight Committee subpoenaed Bondi in March to discuss her role in overseeing the Departme...
Former AG Pam Bondi to testify before Congress over handling of the Epstein files toggle caption Win McNamee/Getty Images Former Attorney General Pam Bondi is scheduled to testify before House lawmakers Friday in a closed-door hearing over her handling of the Jeffrey Epstein files. The Republican-led House Oversight Committee subpoenaed Bondi in March to discuss her role in overseeing the Department of Justice's release of millions of documents related to the convicted sex offender. Survivors and Democrats have long criticized Bondi's handling and release of the Epstein files. They say Bondi made contradictory statements about what was in the documents, exposed survivors' names and private information, and removed key files related to President Trump. Epstein died in a New York prison cell in 2019 while awaiting trial on federal sex-trafficking charges. Bondi has defended the department's work and its release; she has argued that some missteps happened because government lawyers faced a tight timeline imposed by Congress to review millions of pages of material. Sponsor Message On the campaign trail before his second term, Trump promised to release significant information on Epstein, but some of the president's supporters as well as critics say Bondi did not deliver on that promise. "We haven't seen the full release of the files, so that's already a violation of the law," said Dani Bensky, referencing the Epstein Files Transparency Act. Bensky, who says Epstein sexually abused her as a young ballerina, says Bondi's release of the files without proper redactions of victims' identities, "sends such a chilling effect to the rest of the survivor community." Beyond the Epstein files, Bondi's time in office had been marked by criticism from some legal experts and others who say she oversaw what they term the weaponizing of the department to advance Trump's agenda. In April, Bondi was ousted from the DOJ's top spot, and in a social media post Trump called her "a Great Ameri...
Why the U.S. cattle herd is at a 75-year low — and what it means for beef prices toggle caption Luke Sharrett for NPR Grocery prices got you down? Learn how to cut your food bill with NPR's 4-part newsletter. Sign up here for budgeting tips, meal planning and more. Beef has long been an iconic and beloved staple of the American diet, from barbecue to hamburgers and steaks. Even as retail prices ha...
Why the U.S. cattle herd is at a 75-year low — and what it means for beef prices toggle caption Luke Sharrett for NPR Grocery prices got you down? Learn how to cut your food bill with NPR's 4-part newsletter. Sign up here for budgeting tips, meal planning and more. Beef has long been an iconic and beloved staple of the American diet, from barbecue to hamburgers and steaks. Even as retail prices have soared recently, U.S. demand for beef has remained strong. Yet the U.S. cattle herd, including both beef and dairy cattle, is the smallest it has been in three-quarters of a century. Domestic producers had 86.2 million head of cattle on the first day of this year, according to U.S. Department of Agriculture (USDA) data, the lowest number since 1951. Sponsor Message A number of factors have been pushing livestock numbers down, including rising costs, drought, international competition and increased consolidation in the cattle industry. Now, there are fewer American farmers and ranchers than there were even a few years ago, according to Bill Bullard, CEO of the cattle and sheep producers group R-CALF USA. "We have likewise lost the cows that they once maintained," he said. "So we have seen our herd shrink at an alarming rate for the past several decades." toggle caption Luke Sharrett for NPR The record-high prices paid for cattle lately have also prompted many producers to sell their livestock and have dissuaded them from buying new animals to rebuild their herds, further diminishing the overall domestic cattle supply. U.S. beef production has remained strong, though, because even though the herd size has shrunk in recent decades, cattle themselves have grown. Raising cattle — like buying beef — is getting more expensive Farmers and ranchers say expenses such as those for diesel fuel, equipment parts, fertilizer and even the animals themselves are all up. Operators who have to take out loans to buy cattle or fund infrastructure improvements are facing higher costs and have...
Replacing aging U.S. voting equipment will take years and billions of dollars toggle caption Kathleen Flynn/Getty Images America's voting systems are getting old. Take Louisiana, for instance, where many Gen Z and Millennial voters cast primary ballots this month using machines that were older than they were. Election officials there talk about having to "cannibalize" parts from dead machines to s...
Replacing aging U.S. voting equipment will take years and billions of dollars toggle caption Kathleen Flynn/Getty Images America's voting systems are getting old. Take Louisiana, for instance, where many Gen Z and Millennial voters cast primary ballots this month using machines that were older than they were. Election officials there talk about having to "cannibalize" parts from dead machines to service others. "Replacement parts are no longer manufactured," Louisiana Secretary of State Nancy Landry told a state Senate committee earlier this year. "Simply put, the [election] system has reached the end of its life cycle." Sponsor Message A new report out Friday shows the state is not alone in that regard. If not replaced, by the next presidential election the average age of voting equipment in the U.S. will be 9.3 years, according to research by the Bipartisan Policy Center (BPC) and shared exclusively with NPR ahead of its release. Loading... Historically, jurisdictions replace their equipment right around that age, which could be good timing as voting machine manufacturers have just begun to offer systems that conform with the most recent federal election security guidelines. Getting counties and states to purchase machines certified to those up-to-date standards is a clear priority for President Trump, who noted the guidelines in his executive order on elections last year. But in reality, unless Congress makes a massive financial commitment, the new BPC report finds it could take decades before tabulators and other machines adhering to the new standards are the norm in American elections. "It's just really slow to make change in the elections industry," said Will Adler, an elections expert at the Bipartisan Policy Center who co-wrote the report. The new standards — known as the Voluntary Voting System Guidelines 2.0 (VVSG 2.0) — are widely accepted as best practice and include numerous new security requirements, including requiring all systems to include auditable...
Investors are always coming up with new narratives about new challengers rising and unseating the market's entrenched leaders. Today, there's a narrative that suggests Hyperliquid (CRYPTO: HYPE) , a blockchain and decentralized crypto exchange for trading a type of derivative called perpetual futures, just might become the next Ethereum (CRYPTO: ETH) . That's more plausible than ever, considering ...
Investors are always coming up with new narratives about new challengers rising and unseating the market's entrenched leaders. Today, there's a narrative that suggests Hyperliquid (CRYPTO: HYPE) , a blockchain and decentralized crypto exchange for trading a type of derivative called perpetual futures, just might become the next Ethereum (CRYPTO: ETH) . That's more plausible than ever, considering that Hyperliquid spent its first year of existence bulldozing its competition in decentralized derivatives before starting to expand into the broader decentralized finance (DeFi) segment. DeFi is Ethereum's main reason for being, and in that respect it's way out in front. But becoming the next Ethereum is a big task. That network grew to be plenty big, but the more important factor is that it invented the very category it grew into. Whether Hyperliquid can follow that arc depends on several different factors, so let's analyze them and see if it has a shot at unseating the crypto sector's reigning DeFi champion. Continue reading
France To Reimburse Patients For Anti-Obesity Drugs Authored by Guy Birchall via The Epoch Times , France is set to begin reimbursing severely obese people for the cost of weight-loss drugs, French Health Minister Stéphanie Rist said on May 28. Wegovy at a pharmacy in London on March 8, 2024. Hollie Adams/Reuters She said that Paris would subsidize the use of Danish company Novo Nordisk's Wegovy a...
France To Reimburse Patients For Anti-Obesity Drugs Authored by Guy Birchall via The Epoch Times , France is set to begin reimbursing severely obese people for the cost of weight-loss drugs, French Health Minister Stéphanie Rist said on May 28. Wegovy at a pharmacy in London on March 8, 2024. Hollie Adams/Reuters She said that Paris would subsidize the use of Danish company Novo Nordisk's Wegovy and American pharma giant Eli Lilly's Mounjaro from mid-June. " I am quite proud, because we are the first country in the European Union to provide reimbursement ... on a permanent basis ," Rist told French broadcaster TFI. Officially, reimbursement will cover 65 percent of the cost of the weight-loss drugs, "but almost all patients will be covered" in full if they have "comorbidities, such as high blood pressure or diabetes," she said. " For the vast majority, it will be 100 percent reimbursement, " Rist added. She said the eligibility criteria for the scheme would remain strict. "It was decided to reimburse these medicines for people with severe obesity, with a body mass index above 35 with comorbidities, or above 40. These are people who may be candidates for surgery, for an operation to treat their obesity, and who will be able to receive these medicines if the doctor considers that they should be prescribed," Rist said. She estimated the cost to French public finances at "around 100 million euros [$116 million] annually." Elsewhere in Europe, though outside the EU, the UK and Switzerland both subsidize the use of similar weight-loss medications, known as glucagon-like peptide-1 receptor agonists (GLP-1s). GLP-1s are hormones produced naturally within the body that regulate blood sugar and suppress appetite. The UK's National Health Service (NHS) offers limited access to such drugs, with medications prescribed and a standard prescription fee of 9.90 pounds per item (about $13.26), or free, depending on the patient's circumstances. In Switzerland, people who meet certain ...