Britain Is Trying To Censor Americans... But Washington Is Fighting Back Authored by Daniel Lü via The Daily Sceptic, Ofcom has confirmed it is referring 4chan to a final enforcement decision under the Online Safety Act. The target is a Delaware company that runs an entirely anonymous imageboard from the United States, with no offices, staff, servers or assets in Britain. The demand: install age-verification systems and content filters so that British children cannot access the site or face daily fines levied from London on an American platform. This case is not an outlier. It is the clearest real-world demonstration of what the new generation of “online safety” laws requires: private companies must build automated filters that decide, in advance, which legal speech is too harmful for minors to see. The question the regulators never quite answer is simple: what exactly does the filter catch? In the early 2020s, a political consensus formed on both sides of the Atlantic: social media is harming children and something must be done. The result in Washington was the Kids’ Online Safety Act (KOSA); in Westminster, the Online Safety Act (OSA), which received Royal Assent in October 2023 and began enforcement in 2025. The political appeal of both measures is genuine. Adolescent mental health deteriorated in the 2010s, parents are alarmed and platforms have appeared indifferent. But good intentions do not make good law, and the form these interventions took is constitutionally and morally indefensible. Both KOSA and the OSA rest on a duty-of-care model: platforms must take “reasonable measures” or implement “proportionate systems” to prevent minors from encountering content associated with depression, anxiety, eating disorders, self-harm and suicide. This is not a regulation of conduct. It is a mandate to suppress speech based on its topic and its predicted emotional effect on a reader: the very definition of content-based regulation. The American Civil Liberties Union (ACL...

医药行业的“铁娘子”炼成记。 今年的政府工作报告，首度将生物医药从作为新兴产业培育升级为新兴支柱产业培育，这背后折射出的是中国生物制药行业正步入一个更加成熟的阶段，逐渐成为全球医药创新的策源地之一。 生物医药属于‌技术密集、资本密集、高壁垒、长周期行业。当前，中国本土的生物医药圈，虽然以男性掌门人居多，但一些女性领导力量已打破性别壁垒，在行业中闯出一片天地。 一片天地 港股的药品及生物技术板块聚焦不少前沿技术的生物技术企业。该板块共有163家企业，据第一财经记者统计，由女性执掌的企业数量大概在16家，其实占比不到10%。即使是这样，依旧不影响女性领导者们在行业中的突出表现。 胡润研究院今年3月份发布的财富Top 20中国企业家（财富计算的截止日期为2026年1月15日）中，翰森制药（03692.HK）钟慧娟、孙远母女上榜，位列第二十名位置，母女俩的财富增长也是榜单中增幅最多的。 胡润研究院表示，创新药领域快速增长，翰森的钟慧娟财富增长超过一倍，达到1600亿元人民币。 在胡润研究院2025年10月发布的《2025胡润女企业家榜》中，钟慧娟一度晋升成为中国女首富，彼时是榜单史上第一位从事生命健康领域的女首富。 中国是全球仿制药大国企业之一，但仿制药企已密集开启了向创新药企转型浪潮。从传统仿制药巨头向创新药企转型过程中，翰森制药属于较早的一批。作为翰森制药的创始人，钟慧娟执掌公司长达30余年时间。公司从成立之初就确定了“仿创结合、仿制打基础、创新求突破”的发展战略。在钟慧娟的带领之下，该公司于2002年开始研制1.1类创新药。 2025年上半年，翰森制药创新药与合作产品实现销售收入61.45亿元，占公司收入比例约82.7%。 在生物医药领域，部分国产创新药在疗效上展现出了可以媲美国际药企明星药品的潜力，这里面就有出自女性执掌的生物医药企业。 作为肿瘤免疫的核心靶点，PD-1因其广谱抗肿瘤作用及持久抗肿瘤作用奠定了在免疫治疗领域的基石地位，但由于免疫微环境的复杂性及耐药性，仍无法完全满足临床需求。 2024年，康方生物（09926.HK）的全球首创双抗药物PD-1/VEGF双抗依沃西成功在中国获批上市，同年这款药物成为世界上首个在“头对头”三期研究中证明优于当时的全球“药王”默沙东K药，后者属于PD-1单抗，这由此点燃了PD-1/VEGF双抗赛道开发火热，过去一年多时间里...

十年来的卫星图像数据变化证明，学校建筑在最初属于军事基地，但目前已完全为民用设施 【财新网】 一周前的2月28日，也就是美国和以色列对伊朗展开军事行动的第一天，位于伊朗南部霍尔木兹甘省米纳卜市（Minab）一所名为Shajareh Tayyebeh的女童小学遭到三枚导弹直接袭击，学校建筑被夷为平地，至少165名7至12岁的女童死亡。 这是本轮美伊战争中最严重的平民伤亡事件。事件发生后引发各界同声谴责，就该轰炸的发起方，各方则陷入相互指责，美国和以色列均在第一时间否认己方涉入其中。近期释出的一系列媒体报道及独立调查认为，此次空袭很可能系美军发动。

黎巴嫩卫生部7日表示，当天凌晨，黎东部发生的以色列空降行动及交火事件已造成黎方41人死亡、40人受伤。据黎媒体7日报道，当天凌晨，4架以色列军用直升机在黎东部贝卡谷地的纳比希特地区实施空降行动，随后黎巴嫩真主党与以军发生交火，以军在遭火箭弹和重机枪攻击后驾驶直升机撤离。据以色列方面消息，以军当天的行动是在试图找回1986年在黎失踪的空军领航员遗体，但并未发现遗体。以军称行动中己方无人伤亡。 (新华社)

Aside from a home, the largest purchase the typical American will make is a new vehicle. As reported by Kelley Blue Book, the average new-car buyer paid a whopping $49,191 in January 2026, down a little over 2% from an all-time high of more than $50,000 per transaction in December. Meanwhile, it's become virtually impossible to find a new vehicle with a price tag of less than $20,000. With new vehicle prices rising at every turn, consumers are expecting meaningful value and dependability from their investment. This means that having a historic or household name, such as Ford Motor Company (F 1.66%), General Motors (GM 1.07%), or Tesla (TSLA 2.07%), isn't enough, by itself, to incentivize loyalty among car buyers. But for automakers that can instill trust and engage with their customers during and beyond the sale, the rewards can be bountiful. For roughly three decades, global brand research consultancy firm Brand Keys has published the results of a survey that quantifies how customer loyalty and engagement positively or negatively impact businesses across dozens of categories. Brand Keys' 2026 Customer Loyalty Engagement Index (CLEI) examined over 1,100 brands in 106 categories -- automotive among them. For the 17th consecutive year, one automaker walked away with the brand loyalty and engagement crown -- and it wasn't one of Detroit's automakers or Elon Musk's Tesla. Ford has shone, but not enough to take the top spot Although Ford hasn't driven to the front of the pack, it has placed as high as second in the CLEI rankings, which is nothing to sneeze at when competing against dozens of prominent auto brands. Ford's customer base is particularly loyal thanks to its top-selling F-Series pickups. Last year marked the 49th consecutive year that the F-Series was the best-selling truck in America, and the 44th straight year that it was the best-selling vehicle, period. The latest U.S. Automotive Brand Loyalty Study from J.D. Power found that Ford's truck loyalty rate was...

Customers use computers at an Internet cafe in Tehran, Iran. Raheb Homavandi | Reuters Iran remains under a near-complete internet blackout, data monitoring site NetBlocks, said on Saturday. "A full week has now passed since #Iran fell into digital darkness under a regime-imposed national internet blackout," NetBlocks said in a social media post. "The measure remains in place at hour 168, leaving the public isolated without vital updates and alerts while officials and state media retain access," NetBlocks said. A chart in the post showed internet traffic at around 1% of its normal levels. Internet traffic in Iran from Feb. 24, 2026 to March 7, 2026: NetBlocks via Mastodon https://mastodon.social/@netblocks/116186683967916133. NetBlocks via Mastodon U.S. and Israeli airstrikes on Iran continued on Saturday, one week after they launched their joint campaign to rid Tehran of its nuclear and ballistic missile capabilities while also pushing for regime change. Iran has implemented internet shutdowns during periods of social unrest in the past. A similar near-blackout was imposed for several weeks in January amid widespread protests in the country. However, some analysts said that additional factors may be contributing to the internet disruption. "While the actual cause is still unclear, it's almost certainly a combination of both state-ordered suppression and external cyber disruption," Kathryn Raines, cyber threat intelligence team lead at intelligence platform Flashpoint, told CNBC earlier this week. Iran has not officially commented on the outage. Analysts say that the lack of internet connectivity in Iran is likely to add to the fog of war, with citizens on the ground unable to communicate with their families, document events or get real-time updates on the conflict. Cybersecurity firms warned that Iran is also likely to respond with cyberattacks, either carried out directly by the government or by affiliated proxy groups. In a statement shared with CNBC, Adam Meyers...

Investing is hard. It can take decades of saving to reach a nest egg that approaches or exceeds $1 million. And yet, more often than ever before, people are reaching this incredible milestone -- only to ask themselves: Now what? How do I transition from growing my nest egg to living off it through a steady income stream? Is it realistic to even think this is possible? The answer is yes, it is possible. Here's one way to do it using just three Vanguard exchange-traded funds (ETFs). 1. Vanguard High Dividend Yield Index Fund For starters, there's the Vanguard High Dividend Yield Index Fund (VYM 0.88%). This fund is one of Vanguard's most popular and widely held ETFs. It boasts an excellent performance history stretching back nearly 20 years. During that time, it has generated a compound annual growth rate (CAGR) of 9.3%. Expand NYSEMKT : VYM Vanguard High Dividend Yield ETF Today's Change ( -0.88 %) $ -1.33 Current Price $ 150.74 Key Data Points Day's Range $ 149.33 - $ 151.19 52wk Range $ 112.05 - $ 157.29 Volume 1.9M What's more, its current dividend yield of 2.3% and budget-friendly expense ratio of 0.04% make it a hit with investors seeking income and low fees. The fund boasts over 560 holdings spread across numerous sectors, including financial services (21%), technology (20%), healthcare (12%), and consumer staples (8%). Given its diverse mix of sectors and rock-bottom expense ratio, this fund is a wise choice to form the cornerstone of an income-oriented portfolio. Investing $425,000 in this fund would yield approximately $9,600 in annual dividend income. 2. Vanguard Energy ETF Next, there's Vanguard Energy ETF (VDE +0.04%). This fund focuses on energy sector stocks. Begun in 2004, it boasts an impressive lifetime CAGR of 8.2%. It's also arguably the best-performing Vanguard ETF year to date, with an exceptional 25% return so far in 2026. Expand NYSEMKT : VDE Vanguard World Fund - Vanguard Energy ETF Today's Change ( 0.04 %) $ 0.06 Current Price $ 159.62 Key Da...

Key Points Income-oriented investors should seek portfolio diversification, and these three Vanguard ETFs can help provide that. The Vanguard High Dividend Yield Index Fund offers a 2.3% dividend yield and a 0.04% expense ratio. Energy sector ETFs, like the Vanguard Energy ETF, have performed particularly well in 2026. 10 stocks we like better than Vanguard High Dividend Yield ETF › Investing is hard. It can take decades of saving to reach a nest egg that approaches or exceeds $1 million. And yet, more often than ever before, people are reaching this incredible milestone -- only to ask themselves: Now what? How do I transition from growing my nest egg to living off it through a steady income stream? Is it realistic to even think this is possible? 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 » The answer is yes, it is possible. Here's one way to do it using just three Vanguard exchange-traded funds (ETFs). 1. Vanguard High Dividend Yield Index Fund For starters, there's the Vanguard High Dividend Yield Index Fund (NYSEMKT: VYM). This fund is one of Vanguard's most popular and widely held ETFs. It boasts an excellent performance history stretching back nearly 20 years. During that time, it has generated a compound annual growth rate (CAGR) of 9.3%. What's more, its current dividend yield of 2.3% and budget-friendly expense ratio of 0.04% make it a hit with investors seeking income and low fees. The fund boasts over 560 holdings spread across numerous sectors, including financial services (21%), technology (20%), healthcare (12%), and consumer staples (8%). Given its diverse mix of sectors and rock-bottom expense ratio, this fund is a wise choice to form the cornerstone of an income-oriented portfolio. Investing $425,000 in this fund would yield approximately $9,600 in annual dividend income. 2. Van...

Getty Images RadNet, Inc. ( RDNT ) is a healthcare company that provides outpatient imaging services. Its Digital Health segment, DeepHealth, offers workflow software and clinical AI for radiology operations. The company grows through joint ventures with hospitals, new centers, and acquisitions. Recently, RDNT acquired Gleamer, which is an AI-powered radiology company that will become part of its DeepHealth portfolio. And overall, I believe RDNT trades at compelling valuation multiples in light of its growth prospects (and secular AI trends), which is why I deem the stock a “Strong Buy” at these levels. Promising Diagnostic Imaging Business RadNet, Inc. is a healthcare company that provides diagnostic imaging services. It operates a large network of facilities, comprising 418 centers across the US, reporting the completion of more than 10 million outpatient imaging procedures annually. RDNT was founded back in 1981 and is currently headquartered in Los Angeles, California. However, they recently reported record revenues and completed a major AI acquisition, which I believe makes it a very interesting stock to cover. Source: RadNet Website. Retrieved March 2026. You see, as a quick recap, RDNT’s Imaging Center Segment offers services such as MRI for soft tissue and CT for cross-sectional body images. Similarly, they provide PET scans that show activity in the body. RDNT’s centers also provide routine imaging like nuclear medicine for organ function, mammography, ultrasound, X-rays, fluoroscopy, and related procedures. Most centers offer several types of imaging in one location for convenience, so it’s a well-rounded business already in this niche. Moreover, RDNT also has a Digital Health segment that develops and sells software and clinical applications to support imaging operations and interpretation. This includes eRAD, which offers software like radiology information systems (RIS) and picture archiving and communication systems (PACS). The segment also features De...

Russia has won its first Winter Paralympic medals since 2014 as Varvara Voronchikhina and Aleksei Bugaev claimed bronze in the women’s and men’s downhill standing events in Cortina on Saturday morning. Vorinchikhina, whose success means Russia will appear on an international medal table for the first time in 12 years, spoke of her pride at being able to compete under her own flag. “It’s a really long time when we were without the flag, and I’m really glad [now],” she said. “All my country and all my teammates, we [are] glad. I’m very happy because it’s [the] first medal for me. It was a bronze, but I’m really happy.” The Russia flag has not been seen at a Paralympic Games or shown on the medal table since Sochi 2014, because of the country’s state-sponsored doping scandal and then the invasion of Ukraine. Vorinchikhina is expected to race in all four remaining events in visually impaired Alpine Skiing – combined, slalom, giant slalom and super G. With super G and slalom her preferred events, the prospect of her winning a gold medal for Russia is a real one. Russia have sent six athletes to the Winter Paralympics after the International Paralympic Committee overturned its ban on the country last year. Later on Saturday, the three-time gold medallist Bugaev picked up the eighth medal of his Paralympic career. “It was a difficult medal, I would say, even one of the most difficult of my career,” he said. “But I am very happy that I can represent my country again.” The 28-year-old added: “It’s nice when you’re not deprived of anything, not restricted, not forced to not reveal yourself, like it was in Korea [2018, for example, when they combined the two colours of our flag. We’re just happy that we can compete here on equal terms. And even more so to bring home a medal so that the flag can fly.” View image in fullscreen Russia’s Aleksei Bugaev reacts after claiming a bronze medal the men’s downhill standing competition at Cortina d’Ampezzo. Photograph: Emilio Morenatti/AP...

财联社3月7日讯（编辑 平方） A股市场并购重组持续活跃。截至周五收盘，控股股东拟变更为杭州巨准的 华是科技 20CM涨停 ，拟进行资产置换构成重大资产重组的 交运股份 涨停 。 据财联社不完全统计，截至发稿， 本周披露并购重组进展的A股上市公司共有10家 ，包括 东阳光 、 华软科技 、 华培动力 、 东方新能 、 中牧股份 、 东宏股份 、 法兰泰克 、 瑞立科密 、 洁美科技 、 东吴证券 ，具体情况如下图： 其中，拟并购秦淮数据中国切入AI算力基础设施赛道的 东阳光 周五披露重组预案，公司正在筹划通过发行股份的方式直接及间接合计 取得宜昌东数一号投资有限责任公司70.00%股权 ，并募集配套资金。 本次交易预计构成重大资产重组 且构成关联交易。公司股票3月9日开市起复牌。 值得注意的是， 东数一号系为收购秦淮数据而设立的主体 。此前。东阳光于1月16日公告称，与关联方共同增资合资公司用于收购秦淮数据中国100%股权暨关联交易交割完成。另据公开资料显示，秦淮数据集团是中国领先的中立第三方超大规模算力基础设施解决方案运营商。 秦淮数据为字节跳动算力供应商 。 国内欧式起重机龙头 法兰泰克 周一公告称，公司控股股东、实际控制人金红萍、陶峰华与无锡新投启航并购投资合伙企业签署股份转让协议。本次权益变动完成后，新投启航将直接及间接控制公司1.05亿股股份（占公司总股本的26.39%）的表决权。公司控股股东将由金红萍、陶峰华变更为新投启航，实际控制人将由金红萍、陶峰华 变更为无锡市新吴区人民政府 。公司股票3月3日复牌。 国内商用车主动安全系统龙头企业 瑞立科密 周一公告称，公司拟通过发行股份的方式购买武汉瑞立科德斯汽车电子有限责任公司16%股权，交易价格1600万元。武汉科德斯主要从事ABS、ESC、EPB等电控制动系统软硬件开发及技术服务，并围绕智能线控底盘的关键技术进行前沿布局。交易完成后， 公司将实现对武汉科德斯100%的控制 。公司股票3月3日复牌。 电子元器件使用及制程所需耗材行业领导者 洁美科技 周一公告称，公司正在筹划以发行股份及支付现金的方式购买长沙埃福思科技有限公司100%股权，并募集配套资金事项。公司股票自3月3日起停牌。 此外， 2026年券商并购第一枪打响 ，东吴证券周一早间公告，公司正在筹划通过发行A股股份的方式收购东海证券股份有限公司控制权...

More than 100 substances widely used in common US foods, supplements and beverages underwent no health and safety review by the US Food and Drug Administration, a new analysis of federal records finds. The review of FDA records by the Environmental Working Group (EWG) non-profit reveals that diverse products across the food pyramid, such as Capri Sun drinks, Kettle and Fire organic broth, Acme smoked fish, and Quaker Oats snack bars, use a range of substances that have not undergone review by regulators. Companies are using the generally recognized as safe (GRAS) rule that was developed in 1958 to allow ingredients such as salt or white vinegar to be used without a burdensome and needless review process. But companies are increasingly exploiting the rule and sending potentially dangerous new chemicals or substances into the food system without scrutiny, EWG found. Some of these have caused health problems. In 2022, food made with the GRAS ingredient tara flour was believed to have caused over 300 illnesses and 113 hospitalizations. The report is “a wake-up call for every American who assumes the FDA is reviewing the safety of chemicals in their food”, said Melanie Benesh, a report co-author and EWG’s vice president for government affairs. “Instead, food and chemical companies are exploiting a loophole to keep both the government and the public in the dark,” Benesh said. The investigation found 111 substances of unknown safety, and the figure is likely higher, though the lack of a safety review does not necessarily mean an ingredient is dangerous The substances are used by popular brands such as Trader Joe’s, Whole Foods, PepsiCo and Casita, federal records reviewed by EWG show. GRAS is not the only route by which some chemicals are approved. Food colorings or chemicals added to packaging, for example, can be introduced to the food system via a different route, and those are not included in the report. GRAS requires companies to demonstrate a new food ingredient is s...

These squishy, bouncy potatoey pillows are suppertime favourites, but which will float your boat and which will leave you with that synthetic, sinking feeling? • The best supermarket pesto Gnocchi are a godsend – my children love them – but I was shocked by the quality on offer here. Of the products I tested, 80% were made from reconstituted dried potato flakes, emulsifiers (mono- and diglycerides of fatty acids), stabilisers (diphosphates) and preservatives (sodium metabisulphate). Most came in non-recyclable packaging, too – that’s simply not real food, and unnecessary when you consider that similar long-life products are made with real potato and few preservatives. I’m going to be very cautious about buying gnocchi from now on. Gnocchi are generally slathered in sauce, so I’d never tried them plain before, but doing so revealed their true nature, as did studying the ingredients labels. Also, I was taught to cook gnocchi until they floated, which usually takes only a minute when you make them from scratch, but most manufacturers advise boiling them for two or three minutes, not until they floated, which left me wondering whether they were even cooked at all. Continue reading...

A UK recruitment business has been acquired out of administration for a third time in four years as part of a succession of deals that left some of the former management team in place and millions of pounds owed to the public purse. The chain of insolvencies appears to contain more examples of phoenixism – a process when companies are liquidated and directors are able to rise from the ashes with a new entity, free of debts. HM Revenue and Customs (HMRC) has estimated that phoenixism, which is generally legal, cost the exchequer about 22% of the £3.8bn of tax losses reported in 2022 to 2023. The Guardian has reported on a series of cases in the staffing sector since last summer, when a temp agency apparently emerged from insolvency for a second time while owing tens of millions of pounds to the exchequer. In the latest case, an administrator’s report details how two Hampshire-based recruitment companies – Sert Group and Sert Training – collapsed in January and were acquired for £196,304 by an unconnected buyer that insisted the previous management remained in place. The management, which includes Sert chief executive Mark Edwards and chief financial officer Ben Knight, had run two earlier iterations of the same business that had also gone into administration. Together, the three insolvencies appear to leave creditors £7.6m out of pocket, including about £4.5m owed to HMRC, according to research compiled by business data firm Tech City Labs. In February 2022, Edwards and Knight were directors of a recruitment business called 3R Global when it had its assets acquired by Sert Workforce Solutions for £60,000 after collapsing into administration. At the same time, the pair were also directors of Sert Workforce Solutions, which in turn entered administration in October 2024. Its assets were then acquired by Sert Training for £50,000 and 7.5% of future profits. Sert Training had the same owner as the previous two versions of the business, as well as Edwards and Knight liste...

A plot to supply Iran’s nuclear weapons program, heroin from the Golden Triangle, Burmese ethnic insurgents and rocket launchers were the subject in courtroom 24A in New York’s federal courthouse last week when a man described as a leader in Japan’s Yakuza organized crime syndicate was sentenced to 20 years in prison. The transnational plot, which the US Drug Enforcement Administration had been investigating since 2019, involved Japanese organised crime leader Takeshi Ebisawa, who along with three Thai men, had been arrested in New York in 2022. In court last week, Ebisawa, 62, pleaded guilty to six counts of conspiracy to traffic nuclear materials, including uranium and weapons-grade plutonium, from Myanmar to other countries, as well as his participation in international narcotics trafficking, weapons and money laundering. According to prosecutors, Ebisawa had arranged to sell an undercover DEA agent large quantities of heroin and methamphetamine from Myanmar’s rebel United Wa state army, and then sought to buy automatic weapons, rockets, machine guns and surface-to-air missiles, some taken from US military bases in Afghanistan, for Sri Lanka’s Liberation Tigers of Tamil Eelam and Myanmar’s Karen National Union, Shan State Army and United Wa state army. But it wasn’t the 1,100lbs of drugs, known as “cake and ice cream” in Ebisawa’s intercepted communications, or even the weapons, including surface-to-air missiles, known as “bamboo”, but the trafficking of nuclear materials that attracted the attention of US prosecutors in the southern district of Manhattan. “The illicit trafficking of nuclear materials is an existential threat to every New Yorker and every American,” said US attorney Jay Clayton. “Ebisawa tried to sell uranium, thorium, and plutonium to fuel a purported nuclear weapons program, along with deadly drugs destined for US streets. In exchange, Ebisawa hoped to procure battlefield weapons for insurgent groups and profit for himself.” According to the co...

yucelyilmaz/iStock via Getty Images As energy production remains a key bottleneck in the buildout of data centers for AI workloads on Earth, the idea of launching solar-powered data centers orbiting the planet has started to take shape. However, BNP Paribas contends current launch costs make any sizable project prohibitive. BNP estimates current launch costs range from $1,500 to $3,600 per kilogram. They believe costs need to fall below $300 per kilogram to make any sizable data center project economically viable. At current launch costs, a 1-GW space-based data center would require more than $100B. In comparison, a 1-GW terrestrial data center costs $35B to $50B to construct. "We do not view orbital data centers as a viable near- to medium-term solution to replace terrestrial data centers, due to the significant launch costs, as well as higher hardware costs associated with space-grade systems, including specialized electrical infrastructure and thermal management," said BNP Paribas analyst Nick Jones. "We estimate launch costs for a 1GW data center would be approximately $30-$75B, in addition to our estimated $50B of costs to construct the satellite fitted with data center components and solar panels." If, and when, costs for orbital data centers become viable, BNP Paribas expects companies such as Google ( GOOG )( GOOGL ), Amazon ( AMZN ), and Meta ( META ) to be among the first companies involved in early-stage alpha testing. "Our analysis suggests that, long-term, the CapEx and OpEx dynamics could bring the economics of orbital data centers closer to parity with terrestrial facilities, provided that innovation continues in ground-link, cooling, and solar-power technologies," Jones added. "In our view, the primary advantage of locating data centers in space would be the comparatively lower barriers to expanding capacity, since they could sidestep many of the regulatory, zoning, and land-acquisition constraints that affect ground-based sites." Several companies h...

Mobile tech conference Mobile World Congress took place in Barcelona last week, where Qualcomm (QCOM) outlined its artificial intelligence (AI) strategy and upcoming innovations. Qualcomm CFO and COO Akash Palkhiwala joins Market Catalysts host Julie Hyman to explain what edge AI is and why Qualcomm has a competitive advantage over Nvidia (NVDA) and other names in the space. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.

Getty Images Owning hard assets simply makes sense for those who prize cash flow and easy-to-understand business models. It now matters more than ever, especially as SaaS companies have come under pressure due to concerns around AI disruption. Geopolitical conflicts also make the case for owning assets that are homegrown in the U.S., generating cash flows that aren’t subject to currency translation risk for U.S. investors. This brings me to EastGroup Properties ( EGP ), which I last covered in January 2025, highlighting its focus on high-demand, supply-constrained markets and its attractive valuation. It appears my ‘buy’ thesis has paid off, with the stock delivering a 23% total return since my last piece, outperforming the 15% rise in the S&P 500 ( SPY ). Who says you have to buy popular stocks in the tech sector to get market-beating returns? In this article, I revisit EGP, including recent business results , and discuss why it’s a ‘Buy’ for conservative income investors seeking long-term capital appreciation, so let’s get started! Why EGP? EastGroup Properties is a REIT that’s focused on the development and acquisition of industrial properties in high-growth Sunbelt markets. It specializes in “shallow-bay” business distribution facilities, which are multi-tenant buildings typically ranging from roughly 20K to 100K square feet. Its properties serve last-mile logistics, light manufacturing, and service businesses. Shallow bay properties tend to have better operating fundamentals compared to big box warehouses. This is due to the fungible nature of the properties that cater to a wider variety of tenants. This has also enabled EGP to sustain high occupancy and consistent FFO growth over time. As shown below, shallow bay vacancy has been on average lower than big box properties over the past 17 years. Investor Presentation EGP demonstrated solid Q4 2025 results, with FFO per share rising by 8.8% YoY for the quarter and by 7.7% for the full year. This marks over 10 yea...

Chinese scientists have used AI to determine the chemical make-up of the moon’s far side, offering new insights into one of lunar science’s enduring mysteries. Nearly half the moon’s surface – the far side which permanently faces away from the Earth – had long remained chemically unmapped. But samples from China’s Chang’e-6 mission , combined with advanced technologies, have enabled a team led by the Shanghai Institute of Technical Physics (SITP) to crack the lunar chemical code. Advertisement Researchers from SITP, an affiliate of the Chinese Academy of Sciences, teamed up with peers from Tongji University in Shanghai and several other Chinese institutes for the study. It enabled the creation of the first high-precision global distribution map of major oxides on the moon, according to findings published last month in the peer-reviewed journal Nature Sensors. Advertisement “The study revealed the exposure characteristics of deep materials in the South Pole-Aitken basin and the compositional patterns of far-side lunar terrains,” SITP said in a statement this week.

加纳政府7日发表声明说，已向联合国提出正式抗议，敦促其对联合国驻黎巴嫩临时部队（联黎部队）加纳营被导弹袭击事件进行公正调查。声明说，此次袭击违反国际法，构成战争罪。加纳强烈谴责此次袭击，要求查明责任人并追究相关责任。加纳政府还敦促联合国采取一切必要措施，确保在联黎部队服役的加纳特遣队成员及特派团所有人员的安全。加纳武装部队6日发表声明说，在以色列军队与黎巴嫩真主党交火期间，联黎部队加纳营总部遭导弹袭击，造成两名加纳维和士兵重伤。（新华社）

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin , and this week Lloyd Blankfein told us about his historic tenure at Goldman Sachs, and we learned why this is a golden age for construction. If you’re not yet a subscriber, sign up here for this newsletter. Blankfein Sees Risk in an Anxious Market Lloyd Blankfein spent his career climbing the ranks at Goldman Sachs to wind up its CEO. He wrote about his experiences in a new book, Streetwise: Getting to and through Goldman Sachs. At its core, it’s a story about risk management. With the US-Israeli attack on Iran, there’s a whole new set of risks for investors to face, but Blankfein’s initial take is measured: “My base case is that it should be reflected in the markets for a while, but not forever, and maybe not even for that long.” Blankfein does see the geopolitical risk of Iran against a larger backdrop of “an anxious market,” he said. And his experience warns him that “a reckoning” is coming at some point. ‘Everyone Needs a Construction Worker ’ We’ve heard a lot about the demand for AI data centers, which means there will be a big ramp-up in construction. And that demand for new construction translates directly into the labor market, according to Nela Richardson, a Bloomberg contributor who analyzes employment data at ADP. She says, “Everybody wants a construction worker.” Mark Whitson helps lead DPR Construction, a leader in building data centers around the US. As he puts it: “If you’re an individual that wants to build great things, there’s no better time to be in the construction industry.” There have always been ups and downs in the construction market, but Whitson thinks the nature of data centers makes this time different, requiring workers with particular skills. More from Wall Street Week Bloomberg Wall Street Week is live Fridays at 6 p.m. New York time. Watch on Bloomberg Television...

watch now VIDEO 4:04 04:04 The rise of wellness 'third spaces' Consumer & Retail Digital Original Video A few years ago, Grace Guo began to crave places in New York City where hanging out with friends didn't have to involve alcohol. Newly sober and surrounded by friends who also chose not to drink, Guo said she wanted alternatives to the typical social scene. After some research, she landed on Bathhouse and Othership: social wellness clubs designed to create communities around improving health. "Honestly, it kind of just feels like going to a spa together and spending an afternoon together. I think for me, it just feels much better rather than staying out late at night," Guo told CNBC. She's one of a growing number of people seeking out membership clubs and other places that are structured around maintaining health while also acting as a spot to foster connection. And those spaces are becoming booming businesses, too. Bathhouse, which opened in 2019 in Brooklyn, New York, told CNBC exclusively that it expects to hit around $120 million in revenue by the end of this year. It declined to disclose any of its other financials, as did Othership. Many of these types of companies are privately held, but publicly traded gym chain Life Time also began doubling down on premium wellness a few years ago. While investors initially did not like that reallocation of resources, it's now paying off, with Life Time's stock more than doubling since October 2023. Companies old and new are trying to reach consumers like Guo. The 31-year-old said she's seen an increased focus on health, wellness and peacefulness in her own social life and in those around her, as she searches for so-called third spaces with that focus. "I'm kind of like, where can I go to try to plug into a community, or where can I go to express a particular interest that I have and find like-minded people?" Guo said. "It's finding a group of like-minded people, but then also having the space and the novelty to try somet...

In this article Follow your favorite stocks CREATE FREE ACCOUNT U.S. President Donald Trump points his finger as he arrives to deliver remarks on the U.S. economy and affordability at the Mount Airy Casino Resort in Mount Pocono, Pennsylvania, U.S. December 9, 2025. Jonathan Ernst | Reuters November's midterm was always supposed to be about affordability. Then, the bombs began falling in Iran . The expanding U.S . war in the Middle East threatens to scramble the cost-of-living narrative that has so far defined the contest for control of Congress . The election, now less than eight months away, will determine whether President Donald Trump retains his iron grip on Washington or spends his last two years in office fending off Democratic congressional majorities. Both parties have sought to capitalize on kitchen-table issues, as Americans struggle to keep up with the rising costs of ordinary goods and services. The war in Iran now threatens to exacerbate those concerns — and Democrats are seizing on the opportunity to pillory Trump and Republicans for beginning a conflict that could make life even more expensive for ordinary Americans. "Because there was no plan going in, I think there will be lots of things that are unforeseen consequences of this," Sen. Martin Heinrich , D-N.M, the top Democrat on the Senate Energy and Natural Resources Committee, said in an interview with CNBC. "I mean you saw how much gas has gone up in a day, oil futures have gone up, there are going to be a lot of knock-on effects." Read more CNBC politics coverage Iran foreign minister: Not seeking ceasefire, warns U.S. invasion would be ‘big disaster for them’ Epstein files: DOJ plans to release new batch of documents ‘fairly soon,’ MS NOW reports Sen. Merkley proposes prediction market ban for government officials after Maduro, Iran bets Some of those knock-on effects have already been evident. U.S. crude oil has jumped past $90 per barrel, up from $67 the day before the war broke out. The glo...

watch now VIDEO 10:05 10:05 How China is challenging U.S. space dominance Investing in Space China's space program has hit a number of milestones lately. In 2025, China executed over 90 orbital launches, setting a new national record for orbital launches in a single year. In the last five years, China returned the first samples from the far side of the Moon, completed its own low-earth orbit space station and landed a rover on the surface of Mars. "We've seen multiple statements from President Xi [Jinping] and what he calls China's space dream," said Dave Cavossa, president of the Commercial Space Federation, a trade association that represents the commercial space industry. "They see space and AI as two of those, sort of, industries that are going to help lead and catapult China to become a global leader." The Commercial Space Federation recently published a report alongside Arizona State University's NewSpace initiative warning that the U.S. could soon lose its dominance in space to China. "The United States today is still by far the global leader when it comes to space," Cavossa told CNBC. "You know, we still have the strongest commercial space industry. We still have the strongest launch capability on the planet. But what we see is China is moving very quickly to catch up. And if we do nothing, we see them surpassing us here in the next five years." Chinese investment in its commercial space sector, including from private and government sources, increased from $340 million in 2015 to about $3.81 billion in 2025 according to data from space research firm Orbital Gateway Consulting. Over the last decade, China has spent over $104 billion on civil, military and commercial space efforts, according to Jonathan Roll, a research analyst at ASU's NewSpace initiative and co-author of the China space report. "The immediate question you'll probably ask me is what did the U.S. spend in the equivalent amount of time? The estimates that we had was over five times more." Roll ...

peshkov/iStock via Getty Images Table 1: Performance of the Aegis Value Fund as of December 31, 2025 Annualized Six Month One Year Three Year Five Year Ten Year Since Inception 5/15/98 Aegis Value Fund ('AVALX') 30.93% 67.07% 27.41% 25.77% 22.82% 12.65% S&P Sm. Cap 600 Pure Value Index ^ 14.64% 8.83% 12.31% 14.21% 9.65% N/A S&P 500 Index 11.00% 17.88% 23.01% 14.42% 14.82% 8.77% Click to enlarge ^Available performance data for the S&P SmallCap 600 Pure Value Index prior to the December 16, 2005 inception date of this Index cannot be shown as display of pre-inception Index performance data is not permitted. Performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value will fluctuate so that upon redemption, an investor's shares may be worth more or less than their original cost. The 30-Day Yield as of 2/25/26 is 0.00%. For performance data current to the most recent month end, please call us at 800-528-3780 or visit our website at Aegis Value Fund (AVALX) - Small-Cap Deep Value . The Fund has an annualized gross expense ratio of 1.45% and a net annualized expense ratio, after fee waiver and/or expense reimbursement and management fee recoupment, of 1.45%. Under the waiver, the Advisor has contractually agreed to limit certain fees and/or reimburse certain of the Fund's expenses through 4/30/2026. Click to enlarge Dear Aegis Investor: We are pleased to report that strong second-half returns of 30.93 percent drove the Aegis Value Fund to a competitive full-year gain of 67.07 percent in 2025. The Fund substantially outperformed the 8.83 percent annual return of its small-cap, deep value benchmark, the S&P SmallCap 600 Pure Value Index. The Fund also significantly outperformed the S&P 500, which gained 17.88 percent. Long-term, Aegis Value Fund gains also continue to be competitive. As can be seen in Table 1 , over the last te...

Daniel Grizelj/DigitalVision via Getty Images Co-authored with Kody's Dividends Most people hate taxes. It's a simple fact in life that the government seems to have its hands in every single transaction that you do. When you go to work and punch the clock, the government takes money out of your paycheck. When you go to the store and buy goods, the government takes some money from your pocket. When you register your car, more of your money goes to the government. When you pay property tax, more of your money goes to the government. To top it off, every single year you're forced to file taxes as if the government doesn't know what you've earned or how much they've collected from you the rest of the year! They still want you to sit down and figure it out. If you get it wrong, there's jail time or fines. It's not just you and me who hate taxes. Companies hate taxes as well. Companies have an army of lawyers at times that will allow them to find the best way to be most tax efficient, unlike you and me. The United States government wasn't blind to the fact that taxes can be discouraging to certain types of innovations or companies, and so they created the allowance for registered investment companies, RICs, to exist. These are companies that must distribute 90% of their taxable revenue and 90% of their capital gains to their shareholders. What do they get in exchange for doing so? They don't have to pay taxes. The downside for you and me, though, is that if we own these companies, the dividends that they pay us are taxed as ordinary income, the same as if you went to your job and earned money there. The downside for the company is that it makes it extremely hard for them to retain capital to grow. They must do so through issuing new shares or debt, because they're unable to grow very rapidly by keeping only 10% for the house. You may not know many companies under the title of an RIC, but you likely do know many that are real estate investment trusts, REITs, or perhaps you...

Kathrin Ziegler/DigitalVision via Getty Images The airwaves this week have been dominated by the ongoing conflict in the Middle East and the associated impacts on oil prices . The events have sent equity markets into a tailspin, with all three indexes deep in the red for the week ending March 6. What has been less covered and examined is the heavy dose of retail data encompassing a multitude of earnings reports and retail-related data. I believe these are worth digging into in order to fully assess the state of the U.S. economy and the longevity of the current negative sentiment impacting the broader markets. The State Street Retail ETF ( XRT ) is having a decent run over the past year, with gains of nearly 20%, but it is down 7% over the past month. Seeking Alpha - 1-YR Share Price Performance Of XRT ETF Whether this decline is warranted is dependent upon the data at hand. In my view, I believe both the ETF and the broader sector are a 'hold' at current pricing, given the weakened state of the retail market and the more downbeat outlook ahead. How Strong Were Retailer Results This Quarter? My coverage this quarter on various retailers painted a fairly consistent picture across my pool of names. That is, the consumer is still spending, but the pace of demand is clearly moderating. Across many of the larger operators, sales growth was either modest or uneven, while guidance for the year ahead leaned cautious. Take Walmart ( WMT ), for example. The retail giant delivered another solid quarter, with revenues rising roughly 5% and U.S. comps up 4.6%. E-commerce growth also remained a standout, increasing nearly 25% globally. WMT Earnings Presentation - YOY Comparisons Of Revenue Growth That said, the company’s outlook for the coming year came in lighter than investors expected, calling for sales growth of roughly 3.5% to 4.5%. To me, that guidance suggests management is preparing for a more restrained consumer environment. Target ( TGT ) offered an even more subdued rea...

jittawit.21/iStock via Getty Images CNEQ strategy Alger Concentrated Equity ETF ( CNEQ ) is an actively managed growth ETF launched on 04/04/2024. CNEQ has a high-conviction portfolio of 29 stocks and a net expense ratio of 0.55%. As described in the prospectus by Alger , the fund invests in “equity securities of large-cap companies that the manager believes demonstrate promising growth potential.” Eligible companies “have total market capitalization within the range of companies included in the Russell 1000 Growth Index.” The fund will usually have no more than 30 holdings, with at least 25% of asset value in the technology sector, the broadline retail industry (part of the consumer discretionary sector), and the interactive media and services industry (part of the communication services sector). The portfolio is managed by Dr. Ankur Crawford. The fund’s turnover rate was 47% in the most recent fiscal year. This article will use as a benchmark the Russell 1000 Growth Index, represented by iShares Russell 1000 Growth ETF ( IWF ). Portfolio The fund is mostly invested in U.S. companies (83% of asset value), with a focus on mega-caps (65% of asset value), information technology (47.7%), and also notable exposure in consumer discretionary (16.7%) and communication services (14%). Other sectors are below 9%. CNEQ sector breakdown, % of assets (Chart: author; data: Alger, iShares) The portfolio is very concentrated, with significant company-specific risk. The top 10 holdings, listed in the next table, represent 64% of asset value, and the heaviest position (Nvidia) weighs 14.5%. Despite a much higher number of holdings (389), IWF has similar concentration, with 60% in the top 10 issuers and 12.5% in the same top name. Ticker Name Weight NVDA NVIDIA Corporation 14.51% MSFT Microsoft Corporation 8.45% AMZN Amazon.com, Inc. 6.83% GOOG Alphabet Inc. Class C 5.82% TSM Taiwan Semiconductor Manufacturing Co. 5.63% AVGO Broadcom Inc. 5.62% AAPL Apple Inc. 4.82% NBIS Nebius Group...

FabrikaCr/iStock via Getty Images Purpose I look at the high frequency weekly indicators because while they can be very noisy, they provide a good nowcast of the economy, and will telegraph the maintenance or change in the economy well before monthly or quarterly data is available. They are also an excellent way to "mark your beliefs to market." In general, I go in order of long leading indicators, then short leading indicators, then coincident indicators. A Note on Methodology Data is presented in a "just the facts, ma'am" format with a minimum of commentary so that bias is minimized. Where relevant, I include 12-month highs and lows in the data in parentheses to the right. All data taken from St. Louis FRED unless otherwise linked. A few items (e.g., Financial Conditions indexes, regional Fed indexes, stock prices, the yield curve) have their own metrics based on long-term studies of their behavior. Where data is seasonally adjusted, generally it is scored positively if it is within the top 1/3 of that range, negative in the bottom 1/3, and neutral in between. Where it is not seasonally adjusted, and there are seasonal issues, waiting for the YoY change to change sign will lag the turning point. Thus I make use of a convention: data is scored neutral if it is less than 1/2 as positive/negative as at its 12-month extreme. With long leading indicators, which by definition turn at least 12 months before a turning point in the economy as a whole, there is an additional rule: data is automatically negative if, during an expansion, it has not made a new peak in the past year, with the sole exception that it is scored neutral if it is moving in the right direction and is close to making a new high. For all series where a graph is available, I have provided a link to where the relevant graph can be found. Recap of Monthly Reports February data started out with a poor jobs report, with actual losses as well as an increase in unemployment. The ISM manufacturing and services...

is editor-at-large and Vergecast co-host with over a decade of experience covering consumer tech. Previously, at Protocol, The Wall Street Journal, and Wired. Posts from this author will be added to your daily email digest and your homepage feed. Hi, friends! Welcome to Installer No. 118, your guide to the best and Verge-iest stuff in the world. (If you’re new here, welcome, please take my Switch away so I can get some work done, and also you can read all the old editions at the Installer homepage.) I also have for you Apple’s cheap(er) new laptop, a new model from OpenAI, a fun new feature for your Pixel phone, and SO MANY great games to play this weekend. Let’s do this. (As always, the best part of Installer is your ideas and tips. What are you watching / reading / playing / listening to / gazing wistfully at right now? Tell me everything: installer@theverge.com. And if you know someone else who might enjoy Installer, forward it to them and tell them to subscribe here.) The Drop The Apple MacBook Neo . I described this on a Vergecast stream as “Fisher Price My First MacBook,” and I think that’s about right. But I suspect this thing is going to be the exact right mix of fun colors, just enough power, and a terrific price ($599!) to make it a lot of people’s first MacBook. I will say, though: I don’t love the yellow. Indigo all the way. I described this on a Vergecast stream as “Fisher Price My First MacBook,” and I think that’s about right. But I suspect this thing is going to be the exact right mix of fun colors, just enough power, and a terrific price ($599!) to make it a lot of people’s first MacBook. I will say, though: I don’t love the yellow. Indigo all the way. OpenAI’s GPT-5.4 . OpenAI is pushing hard to catch up to Claude Code, and I keep hearing that this new model is a big step in that direction. Plus it adds native computer use, which you should approach EXTREMELY carefully, but puts an LLM in a position to be even more useful. One to play with this wee...