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Chinese scientists discover “D-rex,” a giant fungus with roots stretching back 65 million years
Chinese scientists discovered a giant fungus species in Yunnan with reproductive structures reaching 50 cm in height, representing the largest known fruiting bodies among its fungal phylum.
A tiny laser beam could make computer memory 1,000 times faster
Researchers at UC San Diego have developed a technique using focused laser beams to control magnetism, potentially enabling computer memory 1,000 times faster than conventional magnetic field methods.
Nike’s India campus is a long-term growth bet amid turnaround
Nike announced plans to build a new global campus in Bengaluru, India, as part of its turnaround strategy under CEO Elliott Hill, betting on the country’s growing sports participation and retail potential.
Walmart launches joint membership with Sam’s Club as it leans into delivery, gas discounts
Walmart announced a combined membership with Sam’s Club for $120 annually, offering warehouse access, free delivery, streaming subscriptions, and gas savings to compete for price-sensitive shoppers.
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Hong Kong court hears arguments over sentencing for former Tiananmen vigil organizers
Three former Hong Kong vigil organizers faced sentencing arguments after being convicted of inciting subversion under China’s national security law for commemorating the 1989 Tiananmen crackdown.
Key takeaways about pain specialist to star athletes accused of issuing illegal opioid prescriptions
A North Carolina nurse practitioner who treated star athletes had her controlled substance prescribing authority revoked by the DEA over allegations of issuing hundreds of thousands of illegal opioid prescriptions across multiple states.
Dolphin dies from H5 bird flu in SA as researchers withdrawn from sub-Antarctic island over ‘psychosocial risk’
A dolphin in South Australia has died from H5 bird flu, the second native mammal species affected. Australia’s federal government is withdrawing researchers from a sub-Antarctic island due to concerns about psychological impacts from potential mass seal deaths.
U.S. says pipelines will make Strait of Hormuz irrelevant. Energy experts disagree
The U.S. government expects new Middle East pipelines to make the Strait of Hormuz irrelevant, but energy analysts warn the critical shipping route will remain essential for years.
Businesses are getting tariff refunds. Why aren’t consumers getting their cut?
The federal government is refunding over $160 billion in tariffs following a Supreme Court ruling, but most money is returning to businesses and importers rather than consumers who paid higher prices.
The Social Security trust fund is running out, and yet it’s not a top campaign issue
The Social Security trust fund is projected to deplete reserves by 2032, yet the issue remains largely absent from campaign discussions despite requiring significant congressional action within six years.
Inside the Democratic task force preparing for if Trump interferes in the midterms
Congressional Democrats have formed a task force of at least 11 senators to prepare for potential election interference by President Trump during the midterms, citing concerns about fraud claims and voting process disruption.
Treasury proposes low-cost investment rules for Trump Accounts
The Treasury Department released proposed guidance Thursday establishing investment eligibility criteria for Trump Accounts, tax-deferred accounts for children designed to maximize long-term savings through low-cost index fund options.
Education Department recalculates student loan forgiveness counts, setting some PSLF borrowers back
The Education Department is recalculating PSLF payment counts for some borrowers, reducing qualifying payments and delaying debt forgiveness eligibility for public service workers.
Alibaba shares fall 5% as AI spending drives 75% drop in net income
Alibaba shares fell 4.6% after the Chinese tech giant reported a 75% drop in net income for the June quarter, driven by capital expenditure surging 75% to 67.7 billion yuan amid AI infrastructure investments.
Strattec Security Corporation Q4 2026 Earnings Call Summary
Strattec Security achieved record annual revenue of $579.4 million in fiscal 2026 while expanding gross margins by 150 basis points to 16.5% through pricing discipline and operational improvements.
Intuit Inc. Q4 2026 Earnings Call Summary
Intuit is shifting strategy toward acquiring new customers and investing in AI-driven products while guiding for 9-10% revenue growth in the coming fiscal year, down from prior expectations.