Investors are watching NVIDIA (NASDAQ: NVDA) ahead of Q1 fiscal 2027 results due after the close today. Shares are up 18.3% year to date, and prediction markets price in a 97% chance of a beat. The bar could not be higher. Sky-High Expectations Meet a Sky-High Stock Last quarter set the stage. NVIDIA closed FY2026 ... Wall Street Holds Its Breath: Can Nvidia Possibly Meet the Sky-High Expectations?

Southampton say they have appealed their removal from the Championship play-offs as it is "manifestly disproportionate to every previous sanction in the history of the English game". An EFL independent disciplinary commission on Tuesday evening expelled Southampton from the play-offs and reinstated Middlesbrough, who are now set to face Hull City in the final on Saturday. The St Mary's club were also deducted four points in the Championship next season after admitting breaches of two EFL regulations. Chief executive Phil Parsons apologised "to the other clubs involved, and most of all to the Southampton supporters" who he said "deserved better from the club". Saints' appeal will be heard by an independent league arbitration panel later on Wednesday. A statement added that what the club "cannot accept a sanction which bears no proportion to the offence". Southampton pointed to a £200,000 fine issued to Leeds United in 2019 for spying on Derby as evidence of precedent. However, when the Elland Road club were punished seven years ago, regulation 127 - which expressly forbids observing an opponent within 72 hours of a game - did not exist. It was introduced as a result of Leeds' wrong-doing.

Starmer also announced plans to cut the fuel duty rate on red diesel by over a third, to 6.48p per litre from the middle of next month until the end of the year. That's expected to help farmers who use it in their tractors and other agricultural machinery.

据广东省气象部门监测预报，5月19日以来，广东省出现较大范围强降雨天气过程，阳江、茂名、韶关、清远和珠江三角洲大部市县出现了大雨到暴雨局部大暴雨，其中阳江、江门、珠海、中山、茂名出现了局地特大暴雨。预计，20日夜间到21日广东省大部分市县仍有大雨到暴雨局部大暴雨，发生中小河流洪水、山洪和地质灾害、城乡内涝等灾害风险较大。根据《广东省防汛防旱防风防冻应急预案》和省防总有关规定，广东省防汛防旱防风总指挥部决定于5月20日20时启动防汛Ⅳ级应急响应。（央视新闻）

jetcityimage/iStock Editorial via Getty Images Wendy’s ( WEN ) has appointed Robert Wright as the hamburger chain’s new chief executive, taking over from Ken Cook, who served as interim CEO. Wright will step into the role on May 21, at which time Cook will resume his duties as chief financial officer. Cook took over from Kirk Tanner in July 2025 who left Wendy’s ( WEN ) for Hershey ( HSY ). “Following a thorough and comprehensive search, the Board is confident that Bob is the right leader to guide Wendy's into its next chapter, and we are excited to welcome him back to the Wendy's team," said Chairman of the Board Art Winkleblack.” Wright most recently served as CEO of Potbelly Corp. Shares slid more than 4% before Wednesday’s open as the appointment appeared to diminish prospects for a takeover. More on Wendy's Wendy's: Renewed Takeover Hopes, Yet Shares Still Trade At A Deep Discount Wendy's: Nelson Peltz Wants Another Bite The Wendy's Company 2026 Q1 - Results - Earnings Call Presentation Key deals this week: Orla Mining, Wendy's, NetApp and more Notable analyst calls this week: Dell, J&J and AMD stocks among top picks

Singapore’s push to prepare workers for artificial intelligence is facing a stern test after Meta and Standard Chartered announced lay-offs this week, fuelling debate over how far AI is already reshaping jobs in the city state. The cuts have made one question more urgent for Singapore: can its goal to train workers to take on new or redesigned roles keep pace with increased use of AI and automation by companies as they reduce headcounts? Meta employees in Singapore reportedly began receiving emails around 4am on Wednesday telling them their jobs had been cut, as part of about 8,000 global lay-offs while the company restructured to improve efficiency and invest in AI. Advertisement Standard Chartered on Tuesday announced it planned to cut 15 per cent of its corporate function roles by 2030. The lender, which has a total global staff of nearly 82,000, told reporters on Tuesday that the reduction would be driven by automation and AI adoption, while some staff would undergo reskilling. “It’s not cost-cutting. It’s replacing in some cases lower-value human capital with the financial capital and the investment capital we’re putting in,” said chief executive Bill Winters. Advertisement The bank did not comment on the number of roles to be cut from its Singapore office, which comprises 9,000 employees.

Expedia Group ( NASDAQ: EXPE ) on Wednesday said it agreed to acquire Ireland-based CarTrawler as part of its strategy to expand its business-to-business travel platform. CarTrawler provides car rental, ground transport, and Insurtech solutions to the travel industry and connects more than 550 car rental suppliers and 500 mobility suppliers with over 300 travel brands, including more than 70 airlines. Expedia said the acquisition would expand its mobility and Insurtech offerings across its B2B platform and consumer brands. The financial terms of the deal were not disclosed. The transaction is expected to close in the second half of 2026, subject to customary closing conditions. Source: Press Release More on Expedia Expedia: Strong Execution, Expanding Margins, And Aggressive Buybacks Support Our Strong Buy Upgrade Expedia uses AI tools to expand its travel ecosystem Online travel stocks are on watch during Google I/O

Check out the companies making headlines yesterday: Cloudflare (NYSE:NET): Cloud security and performance company Cloudflare (NYSE:NET) rose by 1.6% on Tuesday after the company announced a partnership with Anthropic to launch Cloudflare Environments for Claude Managed Agents. See our full article here. Is now the time to buy Cloudflare? Access our full analysis report here, it's free. Pinterest (NYSE:PINS): Social commerce platform Pinterest (NYSE: PINS) fell by 6.6% on Tuesday as investors grew increasingly concerned about persistent inflation and rising bond yields, raising worries about future Federal Reserve policy. See our full article here. Is now the time to buy Pinterest? Access our full analysis report here, it's free. AMD (NASDAQ:AMD): Computer processor maker AMD (NASDAQ:AMD) fell by 2.6% on Tuesday after a broader selloff hit the semiconductor sector amid valuation concerns and investor nervousness ahead of Nvidia's earnings report. See our full article here. Is now the time to buy AMD? Access our full analysis report here, it's free. Agilysys (NASDAQ:AGYS): Hospitality software provider Agilysys (NASDAQ:AGYS) rose by 15% on Tuesday after the company announced strong first-quarter 2026 results that surpassed analyst expectations on both revenue and profit. See our full article here. Is now the time to buy Agilysys? Access our full analysis report here, it's free. Intel (NASDAQ:INTC): Computer processor maker Intel (NASDAQ:INTC) rose by 4% on Tuesday after Melius Research analyst Benjamin Reitzes reiterated a buy rating and raised the price target to $150 from $100. See our full article here. Is now the time to buy Intel? Access our full analysis report here, it's free.

Nvidia will report its fiscal first-quarter results after the market closes Wednesday. But will it be enough to lift Nvidia stock?

Gene Munster of Deepwater Asset Management and Elon Musk biographer Walter Isaacson have floated the idea that Tesla (NASDAQ: TSLA) and SpaceX could combine within the next decade. This remains speculation rather than a deal. For Boeing (NYSE: BA), the hypothetical lands harder than for any other company. Boeing: A Fragile Recovery Meets a Hypothetical ... Why Boeing Has the Most to Lose If Tesla and SpaceX Ever Combine

通过新型举国体制搭建的全国一体化算力网，将极大促进中国在AI时代的国际竞争优势。 AI正以人类有史以来最猝不及防的速度攻城略地。 19日国家数据局印发《2026年数字经济发展工作要点》（下称《工作要点》），明确深化数据要素市场化配置改革、加快建立全国统一数据产权登记制度，筑牢数字基础设施底座、加快建设全国一体化算力网等八个方面的重点任务。 当前伴随着AI通过各种Agent融入千行万业，市场对AI基础设施的需求也呈现出饥渴状态，国内外各大主流厂商相继启动了以千亿计的超大规模资本支出规划，内存、GPU、CPU、电力装备等，都相继遭遇猝不及防的供给缺口，抢资源投入成为当前AI市场最热辣的存在。此时，国家数据局印发《工作要点》，可谓正当其时。 从短缺的供给冲击到产能急速扩张的动态平衡，这是技术变革普遍遵循的一道发展轨迹。而中国制造在本世纪的迅速崛起，用可验证的现实逻辑发出了一个清晰的指向，中国制造、中国智慧是熨平供给缺口最中坚的力量。 数字经济时代，中国正用行动去证明在AI基础设施建设中，中国依然是主战场和主要的市场玩家。这缘于中国当前所拥有的其他国家和地区难以复制的优势，即集中力量办大事的举国体制，这一与时俱进地升级为新型举国体制的中国供给优势，一旦在AI基础设施领域开始排兵布阵，将再次让世界惊艳于中国速度和中国力量。 AI变革一旦表现出对基础设施支撑体系的强烈诉求，基础设施建设围绕的就是一个确定性经济场景，这自然意味着对确定性需求的满足主要考验的是全域式资源调动能力，及集中力量投入的效率和能力问题。从规划到审批到各项前期准备工作，再到投入建设周期等，中国的优势就是资源的极速汇聚和建设效率。因此，一旦AI基础设施建设激发起新型举国体制的驱动体系，通过新型举国体制搭建的全国一体化算力网，将极大促进中国在AI时代的国际竞争优势。 当然，AI基础设施建设只是一个方面，如何将投入变成低成本的产出，如何将全国一体化算力网与数据要素市场化改革配套，如何让AI基础设施与市场机制有效融合，如何有效地市场化运营这些具有战略重要性的AI基础设施，都是AI时代新型举国体制光彩照人的主战场。 传统上，举国体制在集中力量办大事上具有无与伦比的制度性优势，具有极速的效率特征，其需加强的是如何低成本、高效率地将这些带有速度与激情烙印的战略性资产利益最大化。这是因为如果说新型举国体制汇聚的AI战略优势主...

Key Points This artificial intelligence leader is showing strong growth across multiple business segments thanks to AI. It announced a big step up in spending coming in the back half of 2026, scaring off some investors. That provides a great opportunity for long-term thinkers right now. 10 stocks we like better than Microsoft › The current bull market has been dominated by just a handful of megacap tech stocks. These massive tech companies have been the driving force behind the most significant advancements in artificial intelligence (AI) in recent history, providing key infrastructure for developers, developing large language models, and using AI to drive significant revenue growth for key products and business segments. While many of the largest companies have seen their stock prices continue to climb in 2026, a few haven't kept up with the rest of the market. That's creating buying opportunities for some, and analysts see one of 2026's laggards climbing more than 30% over the next year. 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 » With a median analyst price target of $550, Wall Street sees the most upside for Microsoft(NASDAQ: MSFT) over the next 12 months among megacap stocks. Microsoft is an undervalued AI leader Microsoft's early and ongoing investments in AI have more than paid off for the business. It was an early investor in OpenAI, positioning its Azure cloud computing business as the top choice among AI developers looking to gain access to the leading AI lab's models. While it no longer has an exclusive relationship with OpenAI, it still holds a 27% stake in the company, providing significant exposure to the leading AI lab. What's more, the momentum at Azure remains intact, and it's investing heavily to maintain it. Azure revenue climbed 40% in Microsoft's most recent quarter, drive...

财联社5月20日讯（编辑 夏军雄） 伊朗战争扰乱了全球能源体系，尽管特朗普政府采取紧急措施试图限制影响，但美国汽油价格仍持续攀升。 这意味着，今年阵亡将士纪念日（Memorial Day）周末，数以千万计驾车出行的美国人将面临历史性高油价。 阵亡将士纪念日通常被视为美国夏季驾车出行季的非正式开端，而此次油价飙升，也进一步加剧了民众对生活成本上涨的不满，这种情绪正持续削弱选民对美国总统特朗普经济政策的信心。 众包油价平台GasBuddy预计，今年阵亡将士纪念日全美汽油均价约为每加仑4.48美元，较去年同期高出42%，并将创下历史第二高纪录。 此前唯一更贵的一次是在2022年，当时俄乌冲突爆发后，阵亡将士纪念日汽油均价达到每加仑4.61美元。 或迎“史上最贵”夏季驾车出行季 糟糕的是，油价可能还没涨完。 GasBuddy石油分析主管Patrick De Haan表示， 如果霍尔木兹海峡持续关闭，美国普通汽油全国均价下个月某个时候可能升至每加仑5美元 。 GasBuddy预计，今年整个夏季（从阵亡将士纪念日到美国劳工节）的全国汽油均价将达到每加仑4.80美元，超过2022年拜登执政时期创下的每加仑4.43美元的夏季纪录。 De Haan表示：“去年夏天油价极其稳定，而今年夏天可能完全相反，也许会成为波动性最大的一次。” 他补充称，夏季油价走势很大程度上取决于霍尔木兹海峡局势。 尽管油价高企，美国汽车协会（AAA）预计，今年阵亡将士纪念日周末仍将有创纪录的3910万人驾车出行，与去年的3900万人基本持平。 消费者损失高达240亿美元 据估算，自伊朗战争爆发以来，美国消费者能源支出已额外增加约430亿美元。这一估算基于当前汽油和柴油价格与若无战争情况下价格的对比。 其中，仅汽油一项就让消费者多支出约240亿美元，相当于每个家庭额外承担近200美元成本。 选民对特朗普处理油价问题的方式越来越不满，而油价原本曾是特朗普的重要政治优势之一。 上周公布的一项民调显示，仅21%的美国人认可特朗普在油价问题上的表现，甚至多数共和党选民也对此表示不满。 今年11月将迎来美国中期选举，届时三分之一的参议院席位以及全部众议院席位将面临改选。共和党目前凭借微弱优势掌控国会两院，若其在选举中失利，将使特朗普剩余任期难以推进政策。 特朗普周二在谈到油价时不以为意，他表示：“这根本不算什么。我感谢大...

Wetour Robotics Limited As Qualcomm CEO Cristiano Amon describes a shift from smartphone-centric computing toward agent-centric experiences across devices, two Orchestra demonstrations show Conductor sEMG wristband enabling local, touchless control across smart devices, computer screens and AR interfaces — with no cloud dependency. Austin, TX, May 20, 2026 (GLOBE NEWSWIRE) -- Wetour Robotics Limited (NASDAQ: WETO), a Physical AI infrastructure and wearable robotics company headquartered in Austin, Texas, today summarized two working demonstrations of Spatial Intent Fusion on its Orchestra Physical AI platform. Together, the demonstrations show a single Conductor sEMG wristband — running through one portable Orchestra edge AI hub — controlling smart home IoT devices, personal computer screens and AR glasses through wrist-worn gestures and pointing direction. Two Demonstrations, One Wearable, Multiple Devices In the first demonstration, a user wearing the Conductor wristband points toward a smart lamp, then a speaker. Orchestra identifies each target device in sequence. Wrist gestures turn the lamp on, change its color, start audio playback and switch tracks — without camera-based input. In the second demonstration, the same Conductor wristband, paired with AR glasses, controls a laptop and AR interface. The user scrolls a webpage, click the video and move into AR space and manipulates it with hands gestures. No touch. No voice. No keyboard. Across both demonstrations, every command is processed locally on a single Orchestra edge AI hub. No cloud connection is required for core command processing. Demonstration videos are available at www.wetourrobotics.com and on the Company’s LinkedIn and X channels under Wetour Robotics and @WETO_IR_TEAM. The Interface Layer for the AI Agent Era In a May 2026 Fortune interview, Qualcomm CEO Cristiano Amon described a shift from a smartphone-centric digital world toward an agent-centric experience across phones, PCs and other device...

The current bull market has been dominated by just a handful of megacap tech stocks. These massive tech companies have been the driving force behind the most significant advancements in artificial intelligence (AI) in recent history, providing key infrastructure for developers, developing large language models, and using AI to drive significant revenue growth for key products and business segments. While many of the largest companies have seen their stock prices continue to climb in 2026, a few haven't kept up with the rest of the market. That's creating buying opportunities for some, and analysts see one of 2026's laggards climbing more than 30% over the next year. With a median analyst price target of $550, Wall Street sees the most upside for Microsoft (MSFT 1.45%) over the next 12 months among megacap stocks. Microsoft is an undervalued AI leader Microsoft's early and ongoing investments in AI have more than paid off for the business. It was an early investor in OpenAI, positioning its Azure cloud computing business as the top choice among AI developers looking to gain access to the leading AI lab's models. While it no longer has an exclusive relationship with OpenAI, it still holds a 27% stake in the company, providing significant exposure to the leading AI lab. What's more, the momentum at Azure remains intact, and it's investing heavily to maintain it. Azure revenue climbed 40% in Microsoft's most recent quarter, driven by both AI and non-AI services. However, capital expenditures climbed 46% year over year, and management guided for a significant step up in spending through the rest of the year. Its calendar 2026 capex budget now sits at $190 billion. That massive spending has put pressure on the stock price. But Microsoft has consistently shown strong returns on its invested capital that should provide confidence in the spending plans. Plus, Microsoft faces the challenging task of determining the proper allocation of its resources for its own AI training an...

franckreporter/iStock via Getty Images Credo: Momentum failure sparks new concerns Is the moment of reckoning arriving for companies that have been plugged in deeply into the semiconductor value chain? We were given a wake-up call just this week as Seagate Technology CEO's ( STX ) commentary at a JP Morgan conference triggered an intense sell-off, which also marked its “worst one-day drop in nearly two months.” Seagate stock decline on supply chain fears (Bloomberg) For those of you who have been following this hiccup, you will probably understand that the market is now getting increasingly concerned whether the elongated supply chain could delay the capacity needed to realize that revenue potential linked to the unprecedented AI capital outlays. And the Seagate CEO mentioned building these factories might take longer than expected and may even cause us to go into an oversupply situation, given the timing mismatch. Hence, I think it has once again brought back mounting worries about whether the current supply chain could keep up with the demand factor. I don't think we need another reminder why realizing that potential is crucial, given how quickly the market has priced in the semiconductor value chain stocks. Recall those vertical surges that we saw in the stocks across networking, memory, storage, and even recently the CPU vendors. They have all benefited from this mad rush to partake in the AI agentic revolution. For Credo ( CRDO ), the timing couldn't have come worse. After a momentous April, which saw the stock nearly break its all-time highs at the $200 level, selling pressure has intensified lately. In fact, since the momentum has abruptly halted at the $210 zone, CRDO has not managed to mount another attempt to break out from the critical resistance level. Although I kept my buy rating back in March as CRDO delivered a stupendous fiscal Q3 earnings scorecard, I also observed that it had gone up far too fast within a few weeks, which likely triggered this ris...

coffeekai/iStock via Getty Images By Carsten Brzeski and Franziska Biehl The war in the Middle East has been going on for almost three months, and disruptions to oil flows through the Strait of Hormuz have pushed prices sharply higher. While oil traded at around USD 70 per barrel at the end of February, prices have averaged roughly USD 110 since early March. The oil price shock has quickly filtered through to households. Filling up has become noticeably more expensive across the eurozone, albeit to very different degrees. Compared with the week before the joint US-Israeli strike on Iran, the price of a 50-litre tank of unleaded petrol has risen by an average of between €5.00 in Spain and €13.50 in Germany. For diesel, the average increase has been even steeper, ranging from €15.65 in Italy to €23.00 in the Netherlands. The biggest differences across eurozone countries were seen in late March and early April, coinciding with the spike in oil prices. Some of these gaps have since narrowed, partly due to temporary fiscal measures in several eurozone countries. A slow burn for household budgets If fuel prices were to remain at current levels for the rest of the year, annual fuel expenses would rise by roughly €70 in Italy and up to €280 for petrol in the Netherlands compared to last year. For diesel, the additional burden would range from €190 to €430. And for those still remembering the 2022 energy price shock: annual fuel expenses (in nominal terms) in the eurozone would be between 2% (Austria) and 15% (the Netherlands) higher than in 2022. While this increase in fuel prices alone could undermine private consumption, it will do so more unevenly than many might think. Across the eurozone, the share of disposable income spent on fuel differs markedly. Last year, households in Italy spent around 4.0% of their disposable income on fuel, compared with 6.2% in Portugal. Interestingly, this gap does not reflect cheaper fuel in Italy. On the contrary, with higher taxes, fuel ...

Key Points This artificial intelligence leader is showing strong growth across multiple business segments thanks to AI. It announced a big step up in spending coming in the back half of 2026, scaring off some investors. That provides a great opportunity for long-term thinkers right now. 10 stocks we like better than Microsoft › The current bull market has been dominated by just a handful of megacap tech stocks. These massive tech companies have been the driving force behind the most significant advancements in artificial intelligence (AI) in recent history, providing key infrastructure for developers, developing large language models, and using AI to drive significant revenue growth for key products and business segments. While many of the largest companies have seen their stock prices continue to climb in 2026, a few haven't kept up with the rest of the market. That's creating buying opportunities for some, and analysts see one of 2026's laggards climbing more than 30% over the next year. 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 » With a median analyst price target of $550, Wall Street sees the most upside for Microsoft (NASDAQ: MSFT) over the next 12 months among megacap stocks. Microsoft is an undervalued AI leader Microsoft's early and ongoing investments in AI have more than paid off for the business. It was an early investor in OpenAI, positioning its Azure cloud computing business as the top choice among AI developers looking to gain access to the leading AI lab's models. While it no longer has an exclusive relationship with OpenAI, it still holds a 27% stake in the company, providing significant exposure to the leading AI lab. What's more, the momentum at Azure remains intact, and it's investing heavily to maintain it. Azure revenue climbed 40% in Microsoft's most recent quarter, driv...

Key Points Oklo may not begin commercial activities until 2028. Profitability is likely to come much later. At around $10 billion, its valuation remains fairly high. 10 stocks we like better than Oklo › Oklo (NYSE: OKLO) is a company that has tremendous long-term growth potential, as its small fission power plants can be a key part of the energy solution. At a time when investments in artificial intelligence (AI) are creating a need for more energy and data centers, many retail investors see Oklo's powerhouses as being integral to AI's long-term growth. And while the stock can be seen as an intriguing long-term investment with significant upside, there's still significant uncertainty ahead. Before you even consider buying Oklo stock, you need to ask yourself: Can you handle seeing significant losses from the company for several years? 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 » Commercialization may not happen until 2028, and profitability likely much later than that While Oklo has a design in place for its Aurora powerhouse, the company doesn't expect to begin commercial operations until 2028. And while it'll try to generate some revenue before then, it'll likely be fairly minimal at best. Even once it has its first powerhouse up and running, it may take even longer than that for the business to turn a profit. This is a capital-intensive operation as building these power plants will take a considerable amount of time and money, especially to scale them. The company's operating expenses have been north of $50 million in each of the past two quarters, and that's only going to increase as it begins operations and starts expanding. This means that, while the company may generate revenue by 2028, it'll take far longer than that to turn a profit and generate positive free cash flow. That means you'...

The artificial intelligence infrastructure buildout is entering its consolidation phase. In a decisive move that reshapes the competitive landscape, private equity giant Blackstone NYSE: BX and hyperscaler Alphabet NASDAQ: GOOGL announced a $5 billion joint venture to create a new AI cloud platform. This alliance directly targets the operational moats of high-flying, pure-play infrastructure providers, signaling a fundamental market rotation toward mega-cap players with unmatched access to capital. For investors, this catalyst clarifies the board. The era of speculative premiums for companies with GPU capacity appears to be closing, replaced by a new reality in which balance sheet strength and cost of capital are paramount. This shift creates a compelling opportunity for a classic pairs trade, favoring the unlevered scale of institutional giants over the debt-fueled growth of their mid-tier rivals. Get Alphabet alerts: Sign Up Forging a Debt-Free Weapon With Capital and Silicon The partnership between Blackstone and Google is more than just another data center deal; it's a vertically integrated assault on the AI compute market. Blackstone is making an initial $5 billion equity commitment to bring 500 megawatts of capacity online by 2027, with plans to scale significantly. The new, U.S.-based entity will offer Google's proprietary Tensor Processing Units (TPUs) as a compute-as-a-service offering. The deal structure presents two immediate and formidable advantages. First, by using pure equity, the venture completely bypasses the increasingly expensive debt markets that competitors rely on for expansion, creating a superior unit economics model from its inception. Second, it fuses Blackstone's global expertise in real estate, energy, and digital infrastructure with Google's decade-plus of experience developing and deploying its custom-built AI accelerators. TPUs already power Google's entire suite of AI products, including Gemini, giving the new platform a foundation o...