Podcasts about 5B

If you or a family member has a case in Talc, Roundup, Hernia Mesh, or the social media litigation, you've probably heard a settlement number in the news and wondered what it actually means for you. On this episode of Climate Change Environment Science & the Law with Gregg Goldfarb, host Gregg Goldfarb sits down with Steven Smith, Vice President of Broughton Partners, to unpack four major mass tort campaigns that are all reaching critical moments at once. Smith explains why J&J's $5.5 billion Talc settlement is really a floor, not a ceiling — with total payouts from this first wave expected closer to $8 billion, and no cap on what the company pays over time. He breaks down why a recent Supreme Court preemption ruling gutted the "failure to warn" claims in the Roundup litigation, while "design defect" claims may survive, and why the proposed class action's roughly $50,000 average case value has some claimants better off staying out of it. On Hernia Mesh, he details the split between Bard (which resolved lower-value cases early while holding back its biggest claims for a separate, stricter fund) and Covidien, where a recent verdict topped $66 million. And on social media, he walks through how Meta's $16.68 billion settlement with 29 state attorneys general is actually a step toward compensating individual families, not the end of the road. Throughout, Smith and Goldfarb stress that "qualified" is doing a lot of work in every one of these settlements — and that claimants should be talking to their own firm about where their specific case stands before assuming a headline number applies to them. What You'll Learn Why J&J's $5.5B Talc settlement is a floor, not a final number What "qualified" actually means — and why it changes as a case matures How the Supreme Court's preemption ruling reshaped the Roundup litigation Why some Roundup claimants may be better off outside the class action How Bard and Covidien ended up handling hernia mesh cases so differently What the $66 million Covidien verdict signals for pending cases Why Meta's $17B settlement is with states, not the injured kids themselves How to tell if your case is being handled by the right firm What "opting out" of a settlement means, and when it makes sense   Time Stamps: 0:00 – Cold open: $17 billion Meta settlement 0:27 – Intro: Steven Smith joins to break down mass tort settlements 1:22 – Talc / Johnson & Johnson (baby powder settlement, $5.5B+) 12:02 – Roundup (Bayer, Supreme Court ruling, class action) 17:37 – Hernia Mesh (Bard, Covidien, $66M verdict) 22:38 – Social Media (Meta, TikTok, Snapchat — $17B settlement explained)    Steven Smith is Vice President of Broughton Partners, a mass tort marketing and consulting firm, where he has spent nearly 20 years advising law firms and claimants across major litigations including Talc, Roundup, Hernia Mesh, Social Media, Camp Lejeune, PFAS, NEC, and Depo-Provera. Known industry-wide as "The Mass Tort Mentor," he works to help claimants get connected with qualified representation and to help law firms navigate complex, evolving litigation.    Contact / Follow Stephen Smith:  Firm: https://www.broughtonpartners.com/ Phone: 954-224-1733  Email: steve@broughtonpartners.com   Want more conversations that cut through the noise on science, climate, and the issues shaping our future? Subscribe to Climate Change Environment Science & the Law with Gregg Goldfarb for new episodes every week.

Topics covered in this episode: Pandas Should Go Extinct Pydantic-pint puts real-world units in your Pydantic models How Libraries Run Rust Inside Python (With PyO3) AWS acquires DuckLabs Extras Joke Watch on YouTube Sponsored by Logfire from Pydantic: pythonbytes.fm/logfire Connect with the hosts Michael: Mastodon / BlueSky / X / LinkedIn Calvin: Mastodon / BlueSky / X / LinkedIn Show: Mastodon / BlueSky / X Join us on YouTube at pythonbytes.fm/live to be part of the audience. Usually Tuesday at 7am PT. Older video versions available there too. Finally, if you want an artisanal digest of every week of the show notes in email form? Add your name and email to our friends of the show list, we'll never share it. Calvin #1: Pandas Should Go Extinct Pandas' slowness pushes teams toward "Big Data" tools (Spark, Databricks) they don't actually need — most workloads never hit true Big Data scale Amazon Redshift telemetry: ~95% of tables are under 100GB, ~87% of queries touch 80GB or less — that's "Medium Data," not Big Data Polars and DuckDB fill that gap: single-machine, fast, no cluster required 1 Billion Row Challenge benchmark: Pandas took 4m28s vs. Polars 5.04s and DuckDB 5.19s — DuckDB also used 19x less memory On a real-world NYC taxi dataset (3GB parquet), pure DuckDB ran 2x faster than pure Pandas while using a fraction of the RAM Bonus: Apache Arrow lets you pass data between Pandas/Polars/DuckDB with zero copying, so trying them out doesn't mean a full rewrite Michael #2: Pydantic-pint puts real-world units in your Pydantic models Pydantic-pint bridges Pydantic and Pint so models can validate physical quantities like 4m or 12 meters instead of bare floats. Fields annotated with PydanticPintQuantity parse user input, convert between compatible units, and serialize quantities back out as strings. That closes a real gap for anything consuming API payloads, config files, or sensor data with measurements, letting you enforce units at the validation boundary instead of hoping every caller remembered them. via PyCoder's Weekly newsletter Unit mix-ups have literally crashed spacecraft; now your Pydantic models can refuse them at the door. Annotate a field as Annotated[Quantity, PydanticPintQuantity('km')] and inputs like 12 meters arrive auto-converted to kilometers Validation covers string, numeric, and quantity inputs, and model_dump_json serializes quantities as readable unit strings Installable from PyPI as pydantic-pint, MIT licensed, with docs at pydantic-pint.readthedocs.io Early-stage solo project at version 0.4, so API stability and maintenance are open questions worth discussing Calvin #3: How Libraries Run Rust Inside Python (With PyO3) Pydantic v2's validation core (pydantic-core) is Rust under the hood, built with PyO3 — this post shows how that bridge actually works via a small hand-built JSON parser Four steps to get Rust into Python: write a normal Rust module, annotate with PyO3 macros (#[pyfunction], #[pymodule]), compile/install with maturin, then just import it The parser builds a Rust tree first — Python never touches it until the boundary crossing Key insight: converting the Rust result into Python objects (.into_pyobject) is often the expensive part, not the parsing — 100,000 JSON values means ~100,000 Python objects built after parsing's already done Errors cross the boundary too: Rust's typed errors convert into real Python exceptions (ValueError, FileNotFoundError) via From/?, so callers get clean Python semantics Takeaway for anyone porting Rust in: if you're returning a scalar, don't sweat it; if you're returning a big structure, profile the boundary — that's the real cost, not the algorithm Michael #4: AWS acquires DuckLabs Thank you Dylan McConnell. What does this mean for the DuckDB ecosystem? DuckDB is the open-source in-process analytical SQL engine. MIT licensed. The IP is not owned by any company - it's held by the nonprofit DuckDB Foundation, which was created when the team spun out of CWI Amsterdam. Peter Boncz, the CWI representative on the Foundation board, describes it as the entity that holds all IP of open-source DuckDB. DuckLabs (ducklabs.com) is the company, formerly branded DuckDB Labs. Founded a little over five years ago by Hannes Mühleisen and Mark Raasveldt to give the DuckDB team a stable long-term home, bootstrapped deliberately instead of taking VC, grown to 30+ people in Amsterdam, funded by support and feature-prioritization contracts. It employs the core devs. It does not own DuckDB. DuckLake is one of three projects DuckLabs builds, what they call the Duck Stack: DuckDB, DuckLake, and Quack. DuckLake is the lakehouse format that puts catalog metadata in a SQL database instead of in files on object storage. Quack is newer - an RPC-style protocol that turns DuckDB into a client-server system where both ends are DuckDB instances, slated to stabilize in DuckDB v2.0 in September 2026. MotherDuck is a separate Seattle company, Jordan Tigani's, selling serverless hosted DuckDB. It was started in partnership with DuckDB Labs and has worked closely with Hannes and Mark for four years. It contracted DuckLabs for engineering work and contributes heavily upstream - three of its engineers are among the top 10 outside contributors to DuckDB. It also sells its own DuckLake offering. Customer and collaborator, never owner. What the AWS post changes. Amazon bought the company, not the project. DuckLabs joined AWS effective September 1, with the process concluding August 31, 2026. Hannes and Mark keep leading the team and the project's technical direction, the team stays in Amsterdam, and DuckDB stays MIT under the Foundation. AWS gets the people and a direct line to the roadmap. The license protects your code, not your priorities. Three second-order effects worth tracking: The Foundation board is the real question. It has three directors: Mühleisen, Raasveldt, and Boncz. Two now work for AWS. Commentary on the deal has focused on exactly this - the license protects the code, not the roadmap. The announced counterweight is governance: a technical advisory board on the Foundation, and opening the extension stack so extensions signed by other developers can run in DuckDB. MotherDuck immediately moved into the business DuckLabs vacated. It now sells DuckDB enterprise support, which it had avoided because it didn't want to compete with DuckLabs' business model, and says it has explicit blessing from Hannes and Mark now that they're joining Amazon. It also bought Tower.dev the day before the AWS announcement. Everyone expects an AWS DuckDB service. Tigani says Amazon will likely release one eventually, and welcomes the competition, citing Redshift's failure to slow Snowflake on AWS. The groundwork is already visible: Amazon Quick uses DuckDB to query S3 Tables and has processed over 2.5B queries with it since launching in October 2025. The DuckLake angle is the one to watch. AWS is heavily committed to Iceberg through S3 Tables, and it just acquired the team behind a competing lakehouse format. The stated plan is to use DuckDB, DuckLake, and Quack together to power a new generation of data services, but which format wins internal priority is unannounced. Extras Calvin: astral-sh/uv 0.12.12: code-signed release binaries

Get new episodes in your inbox - https://vc10x.beehiiv.comMorgan Flager is Managing Partner at Silverton Partners, the longest-running and most active early-stage venture firm in Texas. He joined Silverton in 2006 and has spent two decades backing seed and Series A companies out of Austin, with outcomes including SailPoint, Ping Identity, Vacasa, AlertMedia, Black Locus and TrendKite. Silverton closed Fund VII at $248M, the largest in the firm's history, and is currently in market with Fund VIII. Before Silverton, Morgan invested at FTV Capital and held operating roles at Kintana and Ingrian Networks. He holds a BS from Stanford.Morgan is at least doubling Silverton's allocation to hard tech, and he explains why part of that rotation is real conviction and part of it is the venture industry running from a broken toy.⭐ This episode is brought to you by Podcast10x - https://podcast10x.comKey topics we cover:- Why Silverton's hard tech allocation is moving to 30-40% of the fund across defense, AI infrastructure, manufacturing and energy- What still makes a software company defensible when features are commoditized and wrappers are worse than features- Why he's writing more seed checks instead of holding deeper reserves as the power law sharpens- The valuation math that makes him walk away: a $300M seed entry needs a $5B outcome, and only ~30 companies have crossed $10B in 20 years- How LP conversations changed between Fund VII and Fund VIII, and why liquidity is now the first questionChapters:(00:00) - Preview (00:52) - Introduction to Morgan Flager & Silverton Partners (02:19) - Silverton's Evolving Deployment Strategy (2022-2026) (03:15) - Increased Allocation to Hard Tech & Emerging Categories (06:01) - Why VCs are Shifting from Software to Hard Tech (08:03) - Distinguishing AI Wrappers from Defensible Enterprise Platforms (12:25) - The Next Era of the Texas Startup Ecosystem (15:07) - Portfolio Construction: More Shots on Goal vs. Deeper Reserves (18:20) - How AI Creates More Capital-Efficient Software Companies (22:26) - Maintaining Valuation Discipline in a Hot Market (25:55) - How AI Will Change the Healthcare Landscape (29:40) - The Changing Architecture of a Successful Marketplace (33:00) - The Risk of Frontier Models (OpenAI, Claude) Competing with Startups (38:00) - Distinguishing Genuine Founder Obsession from Trend Chasing (40:38) - The Most Common Scaling Friction for B2B Founders ($1M to $10M ARR) (43:40) - The Shift in LP Conversations and Priorities for Fund VII (47:01) - How LP Composition has Shifted Over Time (49:36) - Navigating Tough Board Conversations About Fundraising (54:33) - The Core Investing Philosophy Morgan Had to Unlearn (58:34) - Rapid Fire Round Begins (58:46) - Sectors and Regions (59:11) - Stage of Investment (59:20) - Leading Rounds (59:30) - Typical Check Size (59:45) - How Founders Can Get in Touch (01:00:16) - Where to Follow Morgan OnlineConnect with Morgan Flager:LinkedIn - https://www.linkedin.com/in/mflager/Silverton Partners - https://www.silvertonpartners.comConnect with Prashant Choubey:LinkedIn - https://linkedin.com/in/choubeysahabX - https://x.com/ChoubeySahabSubscribe to VC10X newsletter - https://vc10x.beehiiv.comSubscribe on YouTube - https://youtube.com/@VC10XSubscribe on Apple Podcasts - https://podcasts.apple.com/us/podcast/vc10x-investing-venture-capital-asset-management-private/id1632806986Subscribe on Spotify - https://open.spotify.com/show/7F7KEhXNhTx1bKTBFgzv3k?si=WgQ4ozMiQJ-6nowj6wBgqQVC10X website - https://vc10x.com#VentureCapital #DeepTech #StartupInvesting #SeedFunding #AustinTech

The FTC says Amazon put a bidder that does not exist into its ad auction — for seven years — so the CPCs you paid on Amazon Ads were never the price the auction produced.Mike Ryan and Chris Scharmüller break down the FTC's case against Amazon Ads: what Amazon is accused of doing to its own auction, what it cost advertisers, and why Amazon's defense is not a denial. Then the story Amazon would rather talk about — its demand-side platform plugging into ChatGPT ads, and what that does to targeting on a brand-new surface.For in-house PPC and ecommerce teams buying on Amazon, Google and now AI surfaces.Key takeaways:A second-price auction only delivers its benefit if the auctioneer is trusted. The design makes honest bidding safe; a dishonest auctioneer turns that honesty into exposure.The alleged mechanism is blunt: a bidder that does not exist, placed between the real second bid and the winner. The FTC says it ran from 2019 and extracted tens of billions.The damage per click was small by design — calibrated to stay under advertisers' minimum acceptable return, which is why it went unnoticed for seven years.Amazon's defense is not "we didn't." It is "no one was harmed, because targeting gains were pushing CPCs down anyway."Precedent says spend does not move: nobody left Google after the DOJ hearings.Meanwhile, Amazon's DSP brings real first-party targeting to ChatGPT ads — plugging that inventory's biggest gap and giving OpenAI a way to monetise intent it currently leaks to Google.Resources & links: ▶ Subscribe for new episodes: https://www.youtube.com/@smarter-ecommerce ▶ All episodes and show notes: https://www.smarter-ecommerce.com/en/podcast/ ▶ Follow smec on LinkedIn: https://www.linkedin.com/company/smarter-ecommerce-gmbh/▶ Mike Ryan on LinkedIn: https://www.linkedin.com/in/mikeryanretail/▶ Chris Scharmueller on LinkedIn: https://www.linkedin.com/in/christian-scharm%C3%BCller/ ▶ How smec manages Google Ads for retailers: https://www.smarter-ecommerce.com/en/About Smarter Ecommerce (smec):Smarter Ecommerce (smec) empowers e-commerce brands with AI-driven PPC automation that optimizes for profit and business outcomes while maintaining strategic control.The platform activates first-party data - profit margins, customer lifetime value, and key business metrics - to automate campaign optimization toward goals like profitability and efficient growth, while detailed campaign insights provide full transparency and enable PPC teams to focus on strategic oversight rather than manual execution.As a Google Premier Partner and three-time Microsoft Retail Partner of the Year, smec manages over €500 million in ad spend and drives €5B+ in annual e-commerce revenue for 350+ global retail clients including THG, Snipes, REWE, and Intersport.Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:smec - Smarter Ecommerce: https://www.smarter-ecommerce.comLinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbhNewsletter: https://smarter-ecommerce.com/en/newsletter/Instagram: https://www.instagram.com/smarterecommerce/

Peep the new ep of my podcast Apt. 5B where we're chopping it up about what are some of hip hop's and R&B's dopest baselines? And we're just not leaving it there cause we're going into detail about who were the bass players on those legendary hip hop and R&B basslines!Just another DOOOOOOOOOOPE ep y'all and don't forget to subscribe to our YouTube channel and check us out wherever you listen to your fave podcasts at!@Kil889www.willmakebeatsforfood..com

We break down the takeaways from Oracle's (ORCL) Q1 fiscal 2027 earnings call — what to expect through 2026 and into 2027–2028 as hyperscaler CapEx stays high but is set to slow in growth by 2027, and more in 2028.Oracle posted $19.3B in revenue (sequentially flat) with seasonality fading, while balance sheet concerns persist: $125B in debt against $37B in cash. Management cut debt for a second straight quarter and completed a $20B at-the-market equity program. But CapEx surged to $28.5B — though operating cash flow rose to $23.1B, and management said new data center capacity is getting booked quickly and generating positive cash flow.Nick closes by connecting ongoing AI infrastructure spending to broader semiconductor stock volatility — and why our positive market outlook through the end of 2026 stays unchanged.TIMESTAMPS0:00 - Oracle Earnings Setup0:51 - Revenue Growth Snapshot1:35 - Balance Sheet and Debt2:49 - CapEx Surge Explained4:01 - Free Cash Flow Outlook5:06 - CapEx Ratios Peak5:50 - Cloud Growth Drivers8:40 - Portfolio View on Oracle9:32 - Market Theme and CapEx12:04 - Wrap Up and Next Steps—Get 15% off any paid fiscal.ai plan: https://fiscal.ai/csiIf you want the reasoning behind more names like this one, Semiconductor Insider covers the process in more depth. Get access to all our research, weekly live Q&A events, and a growing set of tools to build your process: https://www.chipstockinvestor.comAll our socials: https://linktr.ee/chipstockinvestorIf you're getting value from the show, follow so you don't miss the next one.—Disclosure: Some links above are affiliate links. If you buy something through them, we might earn a little coffee money — thanks for helping us (Kasey) fuel our caffeine addiction.Content in this episode is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted, and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. CSI owns shares of Oracle.

Calum is officially back in the studio with Pav following his two-month fitness retreat in Bali, stepping right into a week filled with major market developments and shifting on-chain trends! Cal and Pav jump straight into analyzing on-chain metrics after $9 billion in unrealised gains unlocked across new Bitcoin whale wallets. They unpack how a new meta on Robinhood Chain is allowing traders to earn daily stock dividends like Apple and Tesla equity simply by holding meme coins, while exploring why privacy tokens like ZCash and Dash are surging up to 2,200% following recent SEC regulatory updates. Plus, Calum and Pav look under the hood at the $3.5B spot Bitcoin ETF monthly inflows and share their game plan for managing portfolio risk ahead of upcoming US Federal Reserve interest rate announcements. You'll hear:  00:00 Cal returns from Bali and shares his time stepping away from charts. 02:33 Analysing $3.5B spot ETF monthly inflows and sub-60K cycle targets. 05:37 How meme coins are paying holders daily payouts in Apple stock and tokenised gold. 10:16 Why ZCash and Dash are surging up to 2,200% after regulatory clearance and Grayscale ETF launches. 16:14 $9 Billion Whale Profit Risk: The On-chain data reveals record unrealised gains and potential sell-side pressure. 18:48 Upcoming US central bank decisions and preparing your portfolio for market volatility. … and much more! Want to see what we're looking at every episode? Watch the YouTube version of the podcast here. Ready to start? Get $10 of FREE Bitcoin on Swyftx when you sign up and verify:  https://trade.swyftx.com.au/register/?promoRef=tappingintocrypto10btc  To get the latest updates, hit subscribe and follow us over on the gram @tappingintocrypto or X @tappingintocrypto If you can't wait to learn more, check out these blogs from our friends over at Swyftx. This podcast provides general market commentary and is for educational and entertainment purposes only. It is NOT financial advice. We are NOT licensed financial advisors. Investing in cryptocurrency carries risk. You should always conduct your own research and seek independent financial advice before making any investment decisions. Please read Swyftx's Terms and Conditions and Risk Disclosure statement before investing.

Google's August 17 bidding update didn't move CPCs. It moved advertiser behaviour — and most of the market reacted to a change that never touched them.The update removed the conservative buffer that artificially lowered bids on campaigns limited by budget. Those campaigns had been quietly over-delivering efficiency for years by picking up cheap, high-value clicks. Google's position: performance now trends toward the target you actually set, over one to two conversion cycles.Mike Ryan pulled the first data across smec's managed accounts. CPCs have not moved in any notable way — anyone showing you day-after impact is showing you noise. Nobody opened their budgets either; the share of campaigns flagged as limited by budget stayed flat. Instead, advertisers raised their targets: the median tROAS in affected campaigns moved 4% the week before the change and 12% the week of it.Then it gets strange. Campaigns that were never limited by budget — 75 to 85% of the population, and an enormous share of total spend — raised their targets by a median of 9%. No tool prompted them. No exposure. They tightened out of fear. Spend fell roughly 10% that week.Which is where the opportunity sits. If a large share of the auction has gone defensive for no reason, the slack is available to whoever doesn't follow. Full data drops mid-to-late September.Key Takeaways- Google isn't raising your CPCs — it stopped artificially lowering your bids on budget-limited campaigns.- No notable CPC movement yet, and conversion data is still too green to read.- Advertisers chose targets over budget: median tROAS up 12% in affected campaigns, while the limited-by-budget share stayed flat.- Campaigns that were never affected raised targets 9% anyway. A fear reaction, not a strategy.- Market spend fell around 10% that week — the opposite of what the change was designed to achieve.- If your campaigns aren't limited by budget, hold your targets or push harder. Expect the window to close going into Q4.Resources & Links- Mike Ryan on LinkedIn: https://www.linkedin.com/in/mikeryanretail/- Chris Scharmueller on LinkedIn: https://www.linkedin.com/in/christian-scharm%C3%BCller/- smec Campaign Orchestrator: https://smarter-ecommerce.com/en/platform/About Smarter Ecommerce (smec):Smarter Ecommerce (smec) empowers e-commerce brands with AI-driven PPC automation that optimizes for profit and business outcomes while maintaining strategic control.The platform activates first-party data - profit margins, customer lifetime value, and key business metrics - to automate campaign optimization toward goals like profitability and efficient growth, while detailed campaign insights provide full transparency and enable PPC teams to focus on strategic oversight rather than manual execution.As a Google Premier Partner and three-time Microsoft Retail Partner of the Year, smec manages over €500 million in ad spend and drives €5B+ in annual e-commerce revenue for 350+ global retail clients including THG, Snipes, REWE, and Intersport.Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:smec - Smarter Ecommerce: https://www.smarter-ecommerce.comLinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbhNewsletter: https://smarter-ecommerce.com/en/newsletter/Instagram: https://www.instagram.com/smarterecommerce/

For this week's ep of my podcast Apt. 5B we're chopping it up about hip hop and R&B colas we didn't know we needed! Did we REALLY know GangStarr & Nice n Smooth were gonna cook up a hip hop classic? Did we REALLY know MARIAH CAREY and OL Dirty were gonna cook up a BANGER? Nah. THIS is what this ep is about!Just another DOOOOOOOOOOPE ep y'all and don't forget to subscribe to our YouTube page and check us out wherever you listen to your fave podcasts at!@Kil889  www.willmakebeatsforfood.com

The exodus continues, from the BC Conservative caucus and the government's revenue forecasts; and the Liberals expectedly sweep three byelections. Links B.C. legislator and Indigenous activist Joan Phillip dies Byelection called for Abbotsford-Mission Áʼa꞉líya Warbus becomes 7th MLA to exit B.C. Conservatives citing leadership concerns | CBC News 2 more B.C. Conservative MLAs quit caucus to sit as Independents | CBC News B.C. MLA Ian Paton questioned by Mounties over allegation Conservatives offered him a job if he'd step down – The Globe and Mail Former Abbotsford-Mission MLA Reann Gasper, is Now Kerry-Lynne Findlay's Chief of Staff Dew says Findlay deserves chance to prove leadership – Castanet.net Exclusive: Former BC Conservative Staffer Alleges Questionable Conduct, Racial Discrimination From Former Party Chief of Staff 2026 Conservative Party Leadership Contestant Financing Reports Available | Elections BC B.C. admits to $1.5B budget error following BIV investigation B.C. government overstates gas revenue forecasts by $1.46-billion due to errors – The Globe and Mail Canada Liberals sweep 3 federal byelections in Ontario, Quebec and B.C. | CBC Liberal Braeden Caley wins byelection in North Vancouver-Capilano | CBC News Steven Guilbeault officially resigns Montreal seat of Laurier-Sainte-Marie – The Globe and Mail 6 more byelections on horizon will test Liberal momentum, pressure other parties | CBC News Prime Minister Carney announces the largest investment in VIA Rail's history to bring passenger rail car manufacturing back to Canada Carney government to extend gas tax holiday into the new year Canadians should prepare for a 5 C hotter future, report warns | CBC News

Newzoo says the global games market hits $213.9B in 2026, with mobile the largest platform at $121.1B and — for the first time in a while — the fastest-growing one. And that mobile number is still missing the $10-15B earned off-platform that the trackers can't see. Three stories this Friday, plus the weather.Felix Braberg flies solo for the Friday news. First, Newzoo's 2026 Global Games Market forecast (via Michiel Buijsman, August 25): $213.9B total, up 6.1%, with growth across all platforms and regions; mobile at $121.1B (+6.8%) ahead of console ($46.9B, +5.1%, anchored by GTA 6's November launch) and PC ($45.9B, +5%, moderating after a record 12% in 2025). The mobile growth is coming from deeper spending per player, Chinese publishers gaining share abroad, and expanding D2C — and Felix layers on the off-platform caveat from the recent FastSpring/Chip episode, meaning mobile's true size is meaningfully larger than reported. The player-side forecast is the strategic one: 3.7B players in 2026 (+4.4%) but growth slowing to ~3.2% through 2029 as penetration flattens at ~62% of the online population — so future growth depends on retaining and monetizing existing audiences, not adding new ones. Second, Makers Fund closed its $250M Fund IV (bringing AUM to $1.5B), the San Francisco games-VC behind Dream Games and Voldex — exactly the kind of capital the industry needs flowing to the next generation of studios. Third, AppsFlyer secured a $400M credit line from Bank Leumi on top of a June transaction that valued it at $2.7B (Google, Meta, Unity, and Moloco as minority investors, and liquidity for long-time backers like General Atlantic and Goldman Sachs). Felix's finance read: they bought out investors who wanted out after the IPO failed, came up short on cash, and took on debt to fund growth toward being big enough to go public.Then the weather: Smash Fest leads US iOS free downloads, Meow Doku is #2 (and #1 on Google Play, beating Roblox), Block Out and Magic Sort (both Grand Games) follow, and Royal Smash vs Smash Fest is now a live fight for the biggest smash game.━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━⏱️ TIMESTAMPS00:00 Three stories and the weather — Friday news00:40 Newzoo 2026 — $214B market, mobile $121B and growing fastest02:30 The off-platform asterisk — mobile's real size03:30 Player growth is slowing — retention is the new growth05:10 Makers Fund closes $250M Fund IV06:20 AppsFlyer's $400M credit line — the post-IPO read08:00 The weather — Smash Fest, Meow Doku, and the smash-game fight---------------------------------------This is no BS gaming podcast 2.5 gamers session. Sharing actionable insights, dropping knowledge from our day-to-day User Acquisition, Game Design, and Ad monetization jobs. We are definitely not discussing the latest industry news, but having so much fun! Let's not forget this is a 4 a.m. conference discussion vibe, so let's not take it too seriously.Panelists: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Jakub Remia⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠r,⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Felix Braberg, Matej Lancaric⁠Join our slack channel here: https://join.slack.com/t/two-and-half-gamers/shared_invite/zt-3bckldvr8-8PXvzciMWdheOzED9hq0SA---------------------------------------Matej LancaricUser Acquisition & Creatives Consultant⁠https://lancaric.meFelix BrabergAd monetization consultant⁠https://www.felixbraberg.comJakub RemiarGame design consultant⁠https://www.linkedin.com/in/jakubremiar---------------------------------------Please share the podcast with your industry friends, dogs & cats. Especially cats! They love it!Hit the Subscribe button on YouTube, Spotify, and Apple!Please share feedback and comments - matej@lancaric.me

AGENDA:  00:00 Nvidia crushes $96.2B quarter and nears $12.9B Hugging Face deal 13:52 OpenAI cuts off Cursor as the Altman–Musk feud escalates 17:40 OpenAI's 1,000-agent cyberattack triggers an industry wake-up call 22:58 Instinct hits $2.5B valuation as AI assistants gain spending power 36:39 Cognition targets $1.6B ARR as the coding-agent market explodes 40:31 AI forces every startup to become a compound company—or get left behind 52:42 Salesforce embraces Claude and outcome-based pricing in major AI reset 1:00:52 Stripe–PayPal deal collapses as both sides clash over price 1:02:31 Clay hits $7B and Linear reaches $100M ARR as agents choose their tools 1:11:52 Texas pauses Flock cameras as police-surveillance backlash grows

Pierre Poilievre has “no chance whatsoever” of beating Mark Carney—that's the hosts' blunt forecast after Canada's latest federal by-elections.In the final 39 minutes of this week's show, Joey and Len debate whether the Conservatives have the right leader, why neither U.S. party is likely to unwind the tariff regime, and how Ottawa's new $7.5 billion support package could affect Canadian businesses, workers and the dollar. They also examine Trump's Venezuela oil deal, the pressure on U.S. strategic reserves, what the agreement could mean for Alberta, and why the hosts believe the Bitcoin case is becoming harder for Canadians to ignore.Can Pierre Poilievre still find a path to beat Mark Carney—or does the Conservative Party need a different leader?Canadian Bitcoiners PodcastWebsite: https://canadianbitcoiners.com/Subscribe and turn on notifications — new episodes live Monday nights.CHAPTERS0:00 Securing Bitcoin for your family1:40 The U.S. strategic oil reserve problem6:50 Trump's Venezuela oil deal and Alberta11:21 Fortress North America and permanent tariffs13:56 Canada's $7.5B tariff-support package18:17 The Bitcoin case for Canadians23:08 By-elections and a possible snap election26:10 Can Pierre Poilievre beat Mark Carney?32:47 Heating with hashrate34:02 Hamilton vs. Brampton Man————————————————————————————————SPONSORS

Palo Alto Networks (PANW) has been flying high into the end of FY2026. After a decade-long 1,400% run — capped by a broader cybersecurity rally following the Anthropic "Mythos moment" in early 2026 — what comes next?Nick breaks down how Palo Alto expanded from network security into cloud security through acquisitions, including the completed CyberArk deal (identity and access management), plus newer moves into AI agent security (Console) and observability (Embrace, complementing Chronosphere).On the financials: FY2026 revenue rose 24% to nearly $11.5B, with growth accelerating after CyberArk, while GAAP net income fell on stock-based compensation and amortization. Free cash flow came in just over $4.1B. We close with the next-12-months outlook for PANW as cybersecurity needs intensify for companies adopting more AI.—Access the fiscal.ai research terminal and get 15% off your membership with our link: https://fiscal.ai/csiLive event — new research platform sneak peek: join us Monday, September 7, 2026 at 7:00 AM Pacific for a live look at the new Chip Stock Investor research platform. Zoom: https://chipstockinvestor.zoom.us/j/98264538517?pwd=Hu3DuPQooFYZa7tYujMzUQcrAOIk6L.1 — or catch it live and on replay on our YouTube livestream.All our socials: https://linktr.ee/chipstockinvestorIf you're getting value from the show, follow so you don't miss the next one.—Disclosure: Some links above are affiliate links. If you buy something through them, we might earn a little coffee money — thanks for helping us (Kasey) fuel our caffeine addiction.Content in this episode is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted, and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. CSI owns shares of Palo Alto Networks, CrowdStrike, and Fortinet.

Wafer Co-Founder and CEO Emilio Andere talks with TITV Host Akash Pasricha about optimizing open source models for non-Nvidia chips. We also talk with New Enterprise Associates Partner Mustafa Neemuchwala about Nvidia's $3.5 billion convertible bond investment in MediaTek, and we get into the VC case for building software in the AI era with The General Partnership Co-Founder Phin Barnes.Articles discussed on this episode: https://www.theinformation.com/newsletters/ai-agenda/wafer-inference-provider-uses-non-nvidia-chips-lands-acquisition-offers-200-million-plus-valuationSubscribe: YouTube: https://www.youtube.com/@theinformation The Information: https://www.theinformation.com/subscribe_hSign up for the AI Agenda newsletter: https://www.theinformation.com/features/ai-agendaTITV airs weekdays on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts.Follow us:X: https://x.com/theinformationIG: https://www.instagram.com/theinformation/TikTok: https://www.tiktok.com/@titv.theinformationLinkedIn: https://www.linkedin.com/company/theinformation/Chapters:00:00 - Introduction01:13 - Wafer Raises $40M Series A at $200M+ Valuation03:42 - Optimizing Open Weight Models for AMD & Non-Nvidia Chips11:26 - OpenAI's Jalapeño Chip & Agentic Workflows12:56 - Nvidia Invests $3.5B in MediaTek Convertibles17:42 - Does Nvidia-MediaTek Deal Deepen Circular Financing?23:30 - The VC Case for Building Software in the AI Era28:45 - The VC Mechanics Driving Mega-Rounds & Pivots34:02 - Outcome-Based Pricing vs. Predictable SaaS Margins

ChatGPT Ads are live in 31 European markets — but your account can't use tROAS, remarketing, demographics or an API yet. Here's what to actually expect.OpenAI announced on 18 August that ChatGPT Ads are rolling out across Europe, and advertiser demand is already enormous. Mike Ryan and Chris Scharmueller go through what advertisers really get on day one — and where the expectation gap is going to hurt.The headline: this is not a self-serve platform in Europe yet. Right now you need a certified agency or ad tech partner to run ChatGPT Ads, with self-serve promised "later this summer" (at the time of recording, that window is closing fast). Advertisers already live on self-serve in markets like the US can target Europe today, which makes international teams the unintentional early winners.Then we go feature by feature against Google Ads, using our own comparison table:Keyword targeting: doesn't exist. You get contextual hints, roughly equivalent to Google's search themes — and there's a real question whether OpenAI ever adds keywords, because keyword targeting would make ChatGPT look like Google Search.Demographics: not available. No age, gender or income targeting, at a time when Google is giving that control back even in PMax.Geography: country level only. No region, postcode or radius targeting — workable for national brands, a problem for anyone local.Customer Match: hashed emails and phone numbers, but with a ~25,000-match minimum that rules out most SMB lists. Google has no minimum.Remarketing and lookalikes: not available.Bidding: CPM, CPC and a conversion objective (oCPC) — but no tROAS and no value-based bidding of any kind. Nothing that connects your bids to your actual margin.Measurement: pixel plus a conversions API, Meta-style, with up to a two-day lag — against Google Tag's near real-time data and enhanced conversions.Product feed: genuinely good. OpenAI's ACP feed specs are strong enough that Google has borrowed from them. This is where they're closest to parity.Campaign management: no public API yet.The one structural advantage ChatGPT Ads have in Europe: Google hasn't launched ads in AI Mode here. For now, ChatGPT is the only way to buy placement next to an AI answer — and that window will close.Which leads to the real argument of the episode: if every platform claims your revenue, you need a measurement layer above the platforms. Marketing mix modelling stops being a nice-to-have and becomes priority number one — including a live client example where MMM showed Meta contributing far more than platform reporting suggested.Our take: arrive at the party early, but don't judge it by quarter-one performance, and don't spend a euro you can't attribute independently.Key Takeaways:Europe gets the stripped-down version. No keyword targeting, no demographics, country-level geo only, no remarketing or lookalikes, no tROAS or value-based bidding, and no public API. Add a 25,000-match minimum on Customer Match and most SMB lists are out. Plan your test around what the platform can actually do, not around what you assume it does.The one real advantage is temporary. Google has not launched ads in AI Mode in Europe, so ChatGPT Ads are currently the only way to buy a placement next to an AI answer. Expect Google to close that gap in Q3/Q4 — so if that is your reason to test, test now.Measurement is the decision, not the channel. Every platform will claim your revenue, and ChatGPT will be no different — on a pixel plus conversions API with up to a two-day lag. Marketing mix modelling stops being a nice-to-have: without an objective layer above the platforms, you cannot prove whether ChatGPT Ads are incremental or just re-attributing clicks Google would have won anyway.Three months is not a verdict. Demand right now is FOMO-driven and expectations are running ahead of the product. Go in framed as a test, give it longer than the usual quarter, and do not shift performance budget until incrementality is proven.—Resources & Links:Access all our webinars, reports, and playbooks in our Knowledge Hub: https://smarter-ecommerce.com/en/knowledge-hub/How is your industry stacking up in the market? Find out with smec's Google Ads Benchmarks: https://smarter-ecommerce.com/en/smec-market-observer/Earlier episode on OpenAI's CPC model and the $60 effective CPM: Don't Buy ChatGPT Ads Until You Watch This (Plus: The Google Cloud vs AWS Cage-Match)About Smarter Ecommerce (smec):Smarter Ecommerce (smec) empowers e-commerce brands with AI-driven PPC automation that optimizes for profit and business outcomes while maintaining strategic control.The platform activates first-party data - profit margins, customer lifetime value, and key business metrics - to automate campaign optimization toward goals like profitability and efficient growth, while detailed campaign insights provide full transparency and enable PPC teams to focus on strategic oversight rather than manual execution.As a Google Premier Partner and three-time Microsoft Retail Partner of the Year, smec manages over €500 million in ad spend and drives €5B+ in annual e-commerce revenue for 350+ global retail clients including THG, Snipes, REWE, and Intersport.Make sure to follow smec - Smarter Ecommerce for more performance marketing insights:smec - Smarter Ecommerce: https://www.smarter-ecommerce.comLinkedIn: https://linkedin.com/company/smarter-ecommerce-gmbhNewsletter: https://smarter-ecommerce.com/en/newsletter/Instagram: https://www.instagram.com/smarterecommerce/

For this week's ep of my podcast Apt. 5B we're chopping it about what are some of the dopest hip hop 12" singles? We're also giving you the history of the 12", where the 1st one was made (you guessed it...PHILLY) and why one 12" single could hold down an MC/group for an entire 6 months to a year!Just another DOOOOOOOOOOPE ep y'all and don't forget to subscribe to our YouTube channel and check us out wherever you watch your fave podcasts at!@Kil889 www.willmakebeatsforfood.com

Cerramos la octava temporada con un episodio que me apetecía grabar desde hace meses. Igual te ha pasado como a mí: empecé hablando de un laboratorio de IA para cualquiera, y terminé recomendando GPUs de 3000 euros. Me fui creciendo, pero no hace falta. Te cuento cómo montar un laboratorio de IA local con el equipo que ya tienes. Da igual si tienes 8 GB de RAM o 16, CPU modesta o sin GPU. La clave está en elegir los modelos adecuados. Muchas veces nos perdemos buscando el modelo más grande, cuando con uno pequeño y bien cuantizado tenemos de sobra para el 80% de las tareas.Te hablo de Ollama, el gestor de modelos estándar para ejecutar modelos locales. Más de 180.000 estrellas en GitHub, API compatible con OpenAI, modelos para todos los presupuestos: desde Phi 3.5 con 3.8B parámetros hasta Qwen 1.5B que ocupa 1 GB. También la cuantización: reduces la precisión numérica de los pesos para que ocupen menos y vayan más rápido. El punto dulce es Q4_K_M, que reduce el tamaño a menos de un tercio. Para 8 GB de RAM, Q3_K_S puede ser tu salvación.También te hablo de Open WebUI, la interfaz que le da mil vueltas a ChatGPT. No solo chateas: tiene RAG local, Whisper integrado para transcribir voz (75 MB en CPU), TTS con Kokoro-82M para que el modelo te hable en tiempo real, búsqueda web, plugins y memoria persistente. Todo en un contenedor Docker que levantas con un solo comando.Y de SQLite Vec, extensión de SQLite sponsorizada por Mozilla para búsqueda semántica sin servidores vectoriales. Ni ChromaDB, ni Qdrant, ni Milvus. C puro que funciona hasta en Raspberry Pi. Creas tablas virtuales para vectores de 768 dimensiones, generas embeddings con nomic-embed-text, y buscas por similitud coseno en milisegundos. RAG local sin complicaciones.Y te explico cómo organizarlo todo con Docker o Podman. Un docker-compose.yml que levanta Ollama y Open WebUI en segundos, con healthchecks, redes separadas y volúmenes persistentes. También a limitar recursos con --memory y --cpus. He preparado scripts: inicialización que comprueba requisitos, crea directorios y descarga modelos; otro para descargar por niveles según tu hardware (nivel 1 para 8 GB, nivel 2 para 16 GB, nivel 3 para 32 GB); y uno de respaldo.Y la estrategia híbrida local + nube, que es lo que realmente tiene sentido. El enfoque Minions del Stanford Hazy Research Lab: el modelo local hace el trabajo pesado, y solo consulta al grande en la nube para tareas complejas. El 90% de las consultas se resuelven localmente. Ahorras dinero, mantienes privacidad de tus datos, y cuando necesitas potencia, la tienes.Con 16 GB de RAM y un SSD te sobra para el 80% de las tareas: traducciones, resúmenes, código, asistentes, RAG, transcripción de audio, texto a voz... Todo en tu máquina, sin enviar datos a servidores, sin suscripciones, sin depender de internet. Con 8 GB también puedes, con modelos más pequeños. Cerramos temporada, la novena arranca en el episodio 828. Capítulos del episodio:0:00 - Introducción — cierre de temporada 8 y replanteamiento2:30 - Hardware mínimo: 8-16 GB RAM + SSD obligatorio5:00 - Software base: instalar Ollama en tu distribución7:30 - Contenedores: Docker vs Podman para el laboratorio10:00 - Modelos pequeños: Phi 3.5, Qwen 1.5B y cuantización13:00 - Herramientas complementarias: SQLite Vec, Whisper, TTS16:00 - Organización del laboratorio: script y estructura de directorios19:00 - Demo: probando Ollama en local con modelos ligeros22:00 - Combinación local + nube: lo mejor de ambos mundos24:30 - Cierre, avance temporada 9 y despedidaMás información y enlaces en las notas del episodio

Nvidia posted $96B in quarterly revenue and guided to 70% growth next year, then agreed to buy Hugging Face for $12.9B. Trump weighed sweeping chip tariffs, cybersecurity stocks ripped on AI threats, and Instinct raised at $2.5B. Links Nvidia reports Q2 revenue up 106% YoY to $96.22B, above $92.17B est., Data Center revenue up 117% to $89B, above $85.08B est., and net income up 126% to $59.7B (Nvidia) Nvidia guides to ~70% revenue growth next fiscal year, well above the 45% analysts expected, sending shares up as much as 7.6%, though margins will bottom at 71%-72% on memory costs (Bloomberg) Source: Nvidia has agreed to acquire Hugging Face for $12.9B; the AI repository has had several potential suitors among its investors, including Salesforce (The Information) Sources: the Trump administration is weighing sweeping new tariffs on chips and other products like laptops and consoles, despite warnings from tech companies (Politico) Cybersecurity stocks surge, with Okta up 20%+ and CrowdStrike up 15%+, after earnings showed that AI adoption is driving attacks and spending on security tools (CNBC) AI assistant Instinct is raising a $250M Series B co-led by Index and Benchmark at a $2.5B valuation, taking its total funding to $350M since its 2025 founding (The Wall Street Journal) Subscribe to the ad-free feed.

Harden joins half a billion club; Wyndham wins in St Louis; Is LIV dead?; TWolves/Lynx valued at $4.5B; EPL starts season; Brewers first to 81

Merger and acquisition activity within the MSP sector has accelerated, with data cited indicating a 73% year-over-year increase in transactions for 2026 compared to 2025. Jay McBain's reported statistics also highlight strong international momentum, particularly in EMEA, and a marked 800% rise in acquisitions specifically targeting managed security service providers (MSSPs). While the consolidated figures suggest heightened activity in large, visible deals, several participants noted that the true frequency of smaller, unreported transactions likely exceeds official tallies, underlining persistent underrepresentation in sector reporting. According to podcast contributors, small MSP deals often go untracked in industry data, despite anecdotal evidence that hundreds or thousands of such transactions occur annually. Larger deals, such as a $20 million transaction mentioned, receive public acknowledgment, but the majority of M&A activity is conducted without broad disclosure. The consolidation trend among larger entities—exemplified by Charter's $34 billion merger with Cox and ScanSource's $220 million acquisition of MicroAge—has resulted in fewer choices for business clients, though new regional providers are emerging as market gaps appear. Secondary discussions addressed operational and governance topics relevant to MSPs. The adoption and enforcement of AI acceptable use policies (AUPs) was emphasized as an accountability measure for clients whose employees are integrating AI tools into workflows. Additional topics included the stabilization of supply chain pricing by major vendors Dell and HPE, who have committed to 30-day price locks amidst recent volatility, and tactical sales advice regarding quote expiration to manage project timelines and risk exposure. For MSPs and IT leaders, these developments entail both opportunity and risk management considerations. M&A trends point to increased scrutiny and potential market concentration, emphasizing the need for transparency and due diligence in both dealmaking and vendor relationships. The recommended adoption of AI AUPs reflects heightened governance expectations, aiming to mitigate operational and reputational risks. Meanwhile, shifts in vendor pricing policies and resale practices invite closer review of contract terms to ensure financial stability and customer accountability. What if my clients resist change? Question of the Week: What is the best CRM for small MSPs? It depends on the size of the MSP and what you need the CRM to do. Popular options include Zoho, Pipedrive, HubSpot, and Campaign Monitor.Zoho: https://www.zoho.com/Pipedrive: https://www.pipedrive.com/HubSpot: https://www.hubspot.com/Campaign Monitor: https://www.campaignmonitor.com/ I, MSPs & Channel Trends: Is AI replacing the need for MSPs? Discuss M&A activity, AI acceptable-use policies, and supply-chain challenges.M&A Trends: https://www.linkedin.com/posts/jaymcbain_ma-activity-across-managed-services-is-accelerating-share-7490450073336799232-SHiL/ ScanSource to Acquire MicroAge: $220.5M acquisition expands cloud, cybersecurity, data center, and AI services.https://www.scansource.com/about/press-releases/2026/scansource-to-acquire-microage Charter Completes Cox Merger: The $34.5B deal creates a cable and broadband giant serving roughly 37 million customers.https://www.linkedin.com/news/story/charter-completes-cox-merger-creating-cable-giant-7531516/ Dell Matches HPE's 30-Day Price Quote Validity: The change gives partners more pricing stability amid rising memory costs.https://www.crn.com/news/channel-news/2026/hpe-extends-price-quote-validity-to-30-days-partners-cheer-new-pricing-stability Tales from the Field: How do you handle a customer dispute over a $100 item when they threaten legal action? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Meta agreed to pay up to $16.68B to settle state claims it hooked kids on Facebook and Instagram, with teen time limits attached. Z.ai unmasked Ox Alpha, Amazon killed Mechanical Turk, and Reuters detailed Zuckerberg's aborted AI-native purge. Links Filing: Meta agrees to pay up to $16.68B to settle US states' claims that it designed Facebook and Instagram to addict children, misled consumers, and more (Reuters) The deal ends the bellwether Oakland federal trial where four states sought roughly $200B; Meta pays ~$12B upfront and $5B more only if Snap, TikTok, and YouTube also settle (The New York Times) The remedies include age assurance with linked-account checks, push notifications disabled during school hours, productive pauses at 60 and 90 minutes, and no cosmetic filters or likes for teens (The Verge) Z.ai confirms Ox Alpha is a new iteration of its GLM series and says it will release the weights for it tonight; Ox Alpha topped OpenRouter's leaderboard (Bloomberg) AWS says it plans to shut down Mechanical Turk on September 30, "following an assessment"; the service, launched in 2005, outsourced tasks to 500K+ humans (CNBC) Investigation: Meta explored slashing many teams by ~60% to become "AI native", but pulled back after staff revolted and data showed AI agents were ineffective (Reuters) Subscribe to the ad-free feed.

When announcing Canada's withdrawal from US trade talks, Prime Minister Mark Carney admitted that both Canadians and Americans will feel the hurt in their pockets. Both countries have announced tariffs on a wide variety of goods, including toilet paper, feathers, fish and more. Finance Minister François-Philippe Champagne announced that Canada will also be providing up to $7.5B in relief for Canadian workers and businesses. Host Caryn Ceolin speaks to Trevor Tombe, professor and Director of Fiscal and Economic Policy at The School of Public Policy at the University of Calgary. They discuss which goods are getting hit with tariffs, and just how hard our tariffs will hurt American industries.     We love feedback at The Big Story, as well as suggestions for future episodes. You can find us:Through email at hello@thebigstorypodcast.ca Or @thebigstory.bsky.social on Bluesky Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

We're still surprised people did this but... 50+ founders worth $10M to $4B reveal their personal finances. Here it is: https://joinhampton.com/mw-wrWhy do we do this? Because if you're an aspirational person or someone who runs a business and is making money, it's incredibly challenging to figure out what to do. Information is impossible to find — and that's what we put together: the net worth reveal and why we do this podcast, Moneywise.He manages $1.5 billion for other people — and still tracks his own spending in a paper checkbook.Glenn Ullmann is a former Air Force pilot who left the military at 29 with a couple hundred thousand dollars, cold-called 200 strangers a day out of a Ponte Vedra phone book, and built Ullmann Wealth Partners into a $1.5 billion RIA that has never had a down year — including 2008. He stopped worrying about money somewhere north of $20 million. Now 63, he spends $30–40K a month, flies his own $1.25M Cirrus, gives more to charity than he can deduct, and still shows up to the office every day.This episode gets into the tension between saving and actually living: why Glenn tells clients with health issues to fly private before their kids do it with the inheritance, how a $10M portfolio pays you $300K a year in "rent" whether markets are up or down, and why he thinks stocks are a bad word. We also cover how he gave up 80% of his own firm to keep his partners, the paper ledger that runs his life, the client who started at $100 a month and now takes the best trips on earth, and why he'd tell a 20-year-old to study English or history instead of finance.Also, this podcast is made by Hampton, which is a community for founders doing on average $20 million a year in revenue. We saw a lot of these money conversations happening privately behind closed doors and we thought, "What the heck, let's make it public." If you are a founder, apply here: http://joinhampton.com/mwTimestamps:01:46 — Who Glenn is, what Ullmann Wealth Partners does, and why "returns don't matter if you rear-end Melinda Gates without an umbrella policy"04:16 — Growing up in his grandfather's plastics business, the Robin's-egg Cadillac, and the gold coin that says "your friendship means more to me than a pot of gold"06:26 — A Morgan Stanley account at 14, paper route money, and his first stock: Sears Roebuck07:44 — Nobody from his high school went to the military. He went to the Air Force Academy three days after graduation: "the best thing I ever did, other than marrying my spouse"11:50 — The Cirrus G7, the parachute that lowers the whole plane, and the button his wife can push if Glenn stops functioning mid-flight13:35 — From AWACS pilot to pharma rep to stockbroker: dialing 200 people a day, 10 conversations, one client17:45 — Net worth leaving the Air Force at 29 and the million-dollar goal on a piece of paper that "never happened"19:26 — The $2M–$20M client sweet spot, and why the firm has never contracted in 25 years — even 2007–200921:57 — Why he went from owning 100% of the firm to 20%: "How could they not have equity?"24:03 — The 11x17 "life map," and the client who was stabbed and left for dead in her New York apartment26:15 — HENRYs who save $10K a month and still need to be told to go enjoy the rest: "People get cancer. People die falling off a ledge."28:49 — "If you don't spend this money and fly first class, your kids will when you're dead"30:40 — The net worth where Glenn stopped worrying: "probably above 20"31:49 — Alimony, fun, and the pen-and-paper checkbook ledger a $1.5B wealth manager uses to track his Amex33:29 — The $1.25M four-seat plane, $40–50K a year to operate, and a $30–40K monthly burn before philanthropy35:10 — Giving appreciated stock and exceeding his deduction limit every year36:21 — Why he still goes to work at 63, the wingman system, three chronic illnesses, and "sometimes a founder needs to get out of the way"39:40 — The Melissa example: $100 a month in 1993 to the best trips on earth41:26 — Where to park $10M after a liquidity event: "you're going to collect around $300,000 a year in dividends and interest"42:55 — Not a real estate guy, the $100K driveway, and "I never invest in things that eat while I'm asleep"44:48 — 90% in global equity, and why "they're not stocks, they're companies"45:40 — Reframing an $80K private flight as a month and a half of portfolio income47:39 — What he'd tell a 20-year-old picking a major: English or historySponsors: Daily Body Coach - achieve your dream body with https://moneywise.dailybodycoach.comSubscribe to Moneywise: https://www.youtube.com/@themoneywisepodcastFollow Daniel on X: https://x.com/danielcberkListen on Spotify / Apple Podcasts: [search "Moneywise Hampton"]

Hugging Face explored a sale at $13B+, keeping the AI M&A wave rolling. Trump scolded towns that reject data centers while Abbott said the industry dug its own grave, Fable 5 spending plateaued, and Apple cut 200+ jobs. Links Sources: Hugging Face is exploring a sale that could value it at $13B+, up from $4.5B in 2023, and has been working with a bank to evaluate bidders' interest (Business Insider) Delangue has said Hugging Face is close to profitability and barely touched its 2023 round, and it turned down a $500M Nvidia investment at a $7B valuation earlier this year (TechCrunch) President Trump says communities that oppose data centers are "making a mistake" as they create "tremendous amounts of jobs and money", amid bipartisan backlash (Axios) Texas Gov. Greg Abbott says data center companies "dug their own grave" and deserve the backlash, after ordering an audit that has stalled roughly 1,800 projects (Fortune) Ramp data: Fable 5, launched in June, has plateaued at ~11% of spending on Anthropic tools, as companies shift to cheaper models; Opus 5 surpassed Fable 5 (Financial Times) Nvidia plans to use its $6B licensing deal with Poolside to build one of the world's most powerful open-weight models, to compete with DeepSeek and Kimi K3 (The Wall Street Journal) Sources: Apple is cutting 200+ jobs, including ~100 positions from the Vision Pro unit and another 100 from the Siri team, as it focuses on new devices and AI (Bloomberg) Subscribe to the ad-free feed.

Rural Health News is a weekly segment of Rural Health Today, a podcast by Hillsdale Hospital. News sources for this episode:  Elizabeth Casolo, “Mount Sinai quietly stops accepting some new patients with government-backed plans,” August 19, 2026, https://www.beckershospitalreview.com/finance/mount-sinai-quietly-stops-accepting-some-new-patients-with-government-backed-plans/, Becker's Hospital Review.  Elizabeth Casolo, “450,000 New Yorkers risk losing health coverage in wake of $7.5B federal funding cut,” September 10, 2025, https://www.beckerspayer.com/payer/450000-new-yorkers-risk-losing-health-coverage-in-wake-of-7-5b-federal-funding-cut/, Becker's Payer Issues.  Sydney Halleman, “Hospitals feel the pinch as more patients lose insurance,” August 4, 2026, https://www.healthcaredive.com/news/hospitals-feeling-pinch-patients-lose-insurance/826764/, Healthcare Dive.  Centers for Medicare and Medicaid Services, “CMS' program history,” https://www.cms.gov/about-cms/who-we-are/history.  Nicole Huberfeld & Matthew Lawrence, “Why It Matters: HR1's Change to Medicaid Waiver Budget Neutrality Rules,” February 19, 2026, https://petrieflom.law.harvard.edu/2026/02/19/why-it-matters-hr1s-change-to-medicaid-waiver-budget-neutrality-rules/, The Petrie-Flom Center.  Phil Galewitz, “Trump Team's Use of Arcane Budget Rule Threatens Medicaid Coverage,” August 14, 2026, https://kffhealthnews.org/medicaid/trump-cms-medicaid-expansion-1115-waivers-budget-neutrality-arkansas/, KFF Health News.  The University of Arizona News, “U of A and Gila River Health Care (an entity of the Gila River Indian Community) launch nation's first MD-granting medical school branch within a Tribal Nation,” August 18, 2026, https://news.arizona.edu/news/u-and-gila-river-health-care-entity-gila-river-indian-community-launch-nations-first-md.  Rural Health Today is a production of Hillsdale Hospital in Hillsdale, Michigan and a member of the Health Podcast Network. Our host is JJ Hodshire, our producer is Kyrsten Newlon, and our audio engineer is Kenji Ulmer. Special thanks to our special guests for sharing their expertise on the show, and also to the Hillsdale Hospital marketing team. If you want to submit a question for us to answer on the podcast or learn more about Rural Health Today, visit ruralhealthtoday.com.

This week: Amazon's Prime Air drones are finally going national, nearly 13 years after Jeff Bezos unveiled the idea on 60 Minutes. GeekWire's John Cook goes inside Anduril's unmarked Bellevue office as the defense company builds toward 1,000 Seattle-area engineers. Plus: a reporter hides an AirTag in a rare book and tracks it to a secret Amazon book-scanning facility in Las Vegas. With John Cook and Todd Bishop; edited by Curt Milton. Related stories and links Mentioned at the top Want to know what Jeff Bezos brings to Liverpool FC? Study Amazon's Leadership Principles Amazon drone delivery Amazon drone delivery set to expand nationally, reaching nearly 500 U.S. cities and towns this year Amazon's big surprise: Working on autonomous flying delivery drones — GeekWire, December 2013 Jeff Bezos unveils the Prime Air prototype on 60 Minutes — YouTube Amazon Prime Air drone delivery expansion — Amazon Andy Jassy's 2025 letter to shareholders — Amazon Walmart, Wing expand drone delivery coverage — Supply Chain Dive The AirTag and the book-scanning facility How an AirTag planted by a reporter led to a secret Amazon site where old books are cut apart and scanned We tracked a shipment of rare books. It ended at an Amazon AI training facility — 404 Media AI companies are buying tons of old books because they're free of AI slop — 404 Media Trash Transparency Project — Basel Action Network America's e-waste: a GPS tracker tells all — PBS NewsHour Anthropic agrees to pay $1.5B to settle lawsuit with book authors — Associated Press Anduril in the Seattle region Inside Anduril's AI warfighting buildup: Defense giant sees a path to 1,000 Seattle-area engineers Anduril exits Seattle shipyard following canceled Navy program and omission from new warship list Defense tech giant Anduril eyes new funding at $100B valuation as Seattle expansion draws protests — GeekWire, July 2026 AI weapons under scrutiny as activists plan weekend protest at Anduril's Seattle office — GeekWire, July 2026 Anduril lands $5B as defense giant builds autonomous warship operation in Seattle — GeekWire, May 2026 Defense giant Anduril is quietly building autonomous warships on Seattle's historic ship canal — GeekWire, April 2026 Military tech giant Anduril lands in Bellevue, doubling footprint in Seattle region — GeekWire, July 2025 See omnystudio.com/listener for privacy information.

What happens when AI stops being impressive in demos—and starts helping us fight cancer, transform how companies operate, and attract hundreds of billions of dollars in investment?That shift may already be underway. This week brought some of the strongest signals yet that AI's impact is moving beyond better chatbots. From personalized cancer treatments and dramatically earlier detection to autonomous business workflows and AI-powered scientific research, the conversation is increasingly about measurable outcomes.For business leaders, there's an equally important takeaway: the competitive advantage may no longer come from choosing the “best” AI model. It may come from giving AI the right context about your business.Anthropic's own sales team provides a striking example. By connecting Claude to systems including Salesforce, Apollo, Common Room, and Gong, the company reports cutting manual work by 70%. The lesson is simple: smarter models help, but AI becomes dramatically more useful when it understands your data, workflows, processes, and preferences.And that's only the beginning.In this session, you'll discover:Why new developments in personalized mRNA cancer treatment could represent an important milestone for AI-assisted healthcare.How AI is helping researchers detect and understand cancer earlier and with greater precision.How Anthropic is using AI workflows to reduce manual sales work by 70%.How AI systems are beginning to learn the way people work and turn repetitive activities into automations.How increasingly capable open models could dramatically change the cybersecurity threat landscape.How AI is accelerating drug discovery and complex scientific analysis.How AI-assisted coding and agentic development continue to change software creation.Why an extraordinary amount of capital is flowing into AI infrastructure and applications—including a proposed $500B financing platform around NVIDIA infrastructure, Databricks' $5B raise, and major funding rounds across the ecosystem.About Leveraging AIMulti-Agent Orchestration Course: https://multiplai.ai/multi-agent-orchestration-course/YouTube Full Episodes: https://www.youtube.com/@Multiplai_AI/Connect with Isar Meitis: https://www.linkedin.com/in/isarmeitis/ Join our Live Sessions, AI Hangouts and newsletter: https://services.multiplai.ai/eventsIf you've enjoyed or benefited from some of the insights of this episode, leave us a five-star review on your favorite podcast platform, and let us know what you learned, found helpful, or liked most about this show!

On this episode, I sit down with Doug Dentler, CFO and author of Rise to Lead, for an honest, insightful conversation about what it really takes to elevate your leadership in today's workplace. Doug shares the highs and lows of his corporate journey, from early days "mimicking" leadership styles he thought would help him succeed, to reaching a breakthrough when he realized true leadership starts from within. Drawing from decades in finance and executive roles, Doug opens up about the transformative moments that led him to create the RISE Framework: Root yourself in purpose, Implement an intentional plan, Serve others, and Elevate with positivity. In our discussion, Doug reflects on how leadership has evolved from the days of tough accountability to a more human, purpose-driven approach. He reveals powerful stories of personal change - how re-centering his purpose impacted both his career and family, why coaching was a turning point, and the legacy that comes from serving others and fostering positive cultures. Doug's practical tips for being intentional, learning from mistakes, and investing in people will inspire any leader, seasoned or aspiring, to rethink what's possible in their own journey. About Doug – Doug Dentler is a financial executive and leadership strategist with more than 25 years of experience across Fortune 500 and privately held organizations. He combines operational finance expertise with a disciplined, people-centered leadership approach that drives execution and performance. He leads complex, global operations, including oversight of more than $1.5B in revenue, 1,900 employees, and multi-site organizations. He builds teams that operate as strategic partners, aligns cross-functional leaders around clear priorities, and implements processes that increase efficiency, accountability, and results. Grounded in values learned working in his family's business, he serves others with transparency, consistency, and a commitment to both performance and people. Colleagues consistently recognize his ability to remain steady under pressure, quickly identify core issues, and guide teams toward focused execution. But he also experienced burnout, disconnection, and promotions that felt hollow. He was climbing but not growing, until he finally learned to lead as his authentic self. He developed the RISE Framework to give leaders and teams what he wished he had – a clear, proven system for leading from the inside out, backed by time-tested leadership principles. His work strengthens leaders, improves team engagement, and creates cultures that sustain performance. To work with Doug for coaching, team development, executive strategy, or speaking engagements, visit dougdentler.com. Connect with Doug: doug@dougdentler.com Buy the book plus claim the bonus resource: http://dougdentler.com/risetolead     Let us help you take your next steps in writing or publishing your book! Schedule a free Author Session at: https://gordonpublishing.com/session   Rather watch this message? You can access the workshop replay at: https://jongordon.com/webinar-how-to-write-publish-and-market-a-book/ Here's a few additional resources for you… Follow me on Instagram: @JonGordon11 Check out my newest book, The Power of Positive Habits.  Every week, I send out a free Positive Tip newsletter via email. It's advice for your life, work and team. You can sign up now here and catch up on past newsletters. Ready to lead with greater clarity, confidence, and purpose? The Certified Positive Leader Program is for anyone who wants to grow as a leader from the inside out. It's a self-paced experience built around my most impactful leadership principles with tools you can apply right away to improve your mindset, relationships, and results. You'll discover what it really means to lead with positivity… and how to do it every day. Learn more here! Do you feel called to do more? Would you like to impact more people as a leader, writer, speaker, coach and trainer? Get Jon Gordon Certified if you want to be mentored by me and my team to teach my proven frameworks principles, and programs for businesses, sports, education, healthcare!

Stripe made the OpenRouter deal official at $7.5B. Unitree's Shanghai debut popped 460% past a $50B market cap, YouTube dangled millions to keep creators off Netflix, Slack launched Slack Code, and Binance turned AI agents loose on trading. Links Stripe agrees to acquire NYC-based OpenRouter; a source says Stripe is paying $7.5B, with $1.5B going to the startup's founders and $6B to its investors (The New York Times) Collison frames tokens as the central currency for companies building with AI, capping two years of Stripe buying the plumbing under AI spending, from Metronome to Bridge (SiliconANGLE) Hangzhou-based humanoid robot maker Unitree's stock surges 460% in its Shanghai trading debut, giving it a $50B+ market cap, after it raised ~$904M in its IPO (Bloomberg) Unitree says its new "Superman" humanoid can hit 12.66 meters per second, faster than Usain Bolt's top speed, and leap two meters, ahead of the World Humanoid Robot Games (Futurism) The 30-second video of Unitree's "Superman" robot jumping and sprinting down a track (Unitree Robotics on X) Sources: YouTube is offering top creators millions to post videos exclusively on YouTube for a period and will penalize those that post to Netflix concurrently (Bloomberg) Slack launches Slack Code, adding dedicated, project-specific channels that let teams collaborate with AI coding agents "like teammates" across all Slack plans (The Verge) Binance launches Agent OS, a platform that lets AI agents analyze markets and execute trades on users' behalf; users set limits on AI agents' access and trades (TechCrunch) Subscribe to the ad-free feed.

August 20, 2026: Your daily rundown of health and wellness news, in under 5 minutes. Today's top stories: Target adds 4,600 new food items in a grocery overhaul leaning into discovery and emerging brands, targeting over $2B in growth over the next few years SUMMITS and Hyphen combine nutrition software with automated makelines to personalize institutional food service using wearable and sleep data Josh Kushner and Bob Iger buy the Lakers for a record $12.5B as sports and wellness merge into a shared identity economy for Gen Z More from Fitt: Fitt Insider breaks down the convergence of fitness, wellness, and healthcare — and what it means for business, culture, and capital. Subscribe to our newsletter → insider.fitt.co/subscribe  Work with our recruiting firm → https://talent.fitt.co/ Follow us on Instagram → https://www.instagram.com/fittinsider/ Follow us on LinkedIn → linkedin.com/company/fittinsider  Reach out → insider@fitt.co 

Shannon Spotswood – CEO, RFG Advisory Choosing a platform isn't just about technology or economics. It's about finding a partner that helps you build the business you actually want to own. Shannon Spotswood explains why growth without compromise starts with choosing the right partner. In Summary What should advisors really look for in a platform partner? Jason Diamond sits down with Shannon Spotswood, CEO of RFG Advisory, to discuss why the best platforms do more than provide technology and operational support—they help advisors build stronger businesses. Shannon shares lessons from helping grow RFG into one of the industry's leading supportive independence firms, covering everything from private equity partnerships and advisor experience to enterprise value, branding, and overcoming the fear that keeps many advisors from pursuing the business they truly want. The Storyline Most advisors evaluating independence compare technology, payouts, and service offerings. Shannon Spotswood believes they're asking the wrong first question. After spending two decades in institutional investing and later helping to rebuild RFG Advisory from the ground up, Shannon has developed a philosophy centered on partnership. She argues that the best platforms function less like vendors and more like long-term business partners, helping advisors spend more time with clients, build enterprise value, and create businesses aligned with their vision rather than forcing compromises. Jason and Shannon discuss what meaningful support actually looks like, why the right private equity partner can accelerate growth rather than restrict it, and why advisors should demand evidence – not marketing promises – when evaluating a platform. The conversation also explores one of the industry's biggest obstacles to change: fear. Shannon explains why outdated assumptions about transitioning firms continue to prevent advisors from building businesses they enjoy, even though data suggests the experience is often far less disruptive than many believe. Ultimately, the discussion reframes independence itself—not as the destination, but as the beginning of choosing the right long-term partners. Topics Covered Evaluating advisor platforms as long-term business partners Building an independent business without compromise Enterprise value and organic growth Private equity as a strategic growth partner Advisor experience and client experience Branding and authenticity in wealth management Overcoming fear and transition myths Technology, outsourcing, and operational leverage Leadership, succession, and organizational growth The future of supportive independence   > Download a transcript of this episode… Listen and Learn Highlights for Advisors Why should advisors think of a platform as a business partner? (10:00) Shannon explains why technology and service alone aren't enough—and why the right partner should help advisors build the business they ultimately want to own. What does “growth without compromise” actually mean? (10:00–17:30) RFG's philosophy centers on helping advisors focus on their highest-value work while surrounding them with integrated support designed to drive enterprise value. Can private equity make a firm better? (25:00) Rather than debating whether private equity is good or bad, Shannon explains why success depends on choosing a partner whose values and long-term vision align with yours. How should advisors evaluate competing platforms? (43:00) Her advice is simple: don't rely on marketing. Speak with advisors already using the platform and ask firms to demonstrate – not simply promise – how they solve problems. Why does fear keep so many advisors from making a change? (48:30) Shannon discusses the “PTSD” many advisors carry from outdated transition stories and why today's reality often looks very different. What does the future of advisor platforms look like? (34:00–42:00) The conversation explores advisor demand for greater personalization, stronger brands, AI-enabled efficiency, and partners that help advisors grow without sacrificing independence. Key Takeaways The best advisor platforms function as long-term strategic partners—not simply service providers. Enterprise value grows when advisors spend more time serving clients and less time managing operations. Private equity can be highly beneficial when partners share a common vision and respect management autonomy. Advisors should evaluate firms based on demonstrated execution rather than marketing claims. Fear remains one of the biggest barriers to advisor movement despite significant improvements in transition support. Authentic branding and deeper client relationships will become increasingly important as AI reshapes wealth management. https://youtu.be/jaSt3-mO0so Quotable Moments “The right partners make you better. The wrong ones can quietly hold you back.” “Don't tell me. Show me.” “Everything you want is on the other side of fear.” “Your team deserves to be happy. You deserve to be happy.”   FAQs What should advisors look for when evaluating an advisor platform? Shannon believes advisors should look beyond technology and economics and evaluate whether a platform acts like a true long-term business partner that helps them grow and build enterprise value. How does RFG define “growth without compromise”? By providing integrated support – from technology and compliance to marketing and coaching – that allows advisors to spend more time with clients while maintaining control of their businesses. Is private equity always good or bad for advisor firms? No. Shannon argues that success depends less on private equity itself and more on choosing partners who share the firm's long-term vision and values. Why do advisors hesitate to make a move? Fear and outdated perceptions about transitions still influence decision-making, even though today's transition experience is often much smoother than advisors expect. How should advisors compare competing platforms? Talk directly with affiliated advisors, ask for measurable evidence of results, and focus on how a platform responds to advisor feedback rather than marketing claims. How is AI changing advisor businesses? AI should enhance – not replace – the advisor relationship by creating operational efficiencies that allow advisors to spend more time delivering personalized advice. Shannon believes advisors should look beyond technology and economics and evaluate whether a platform acts like a true long-term business partner that helps them grow and build enterprise value. By providing integrated support – from technology and compliance to marketing and coaching – that allows advisors to spend more time with clients while maintaining control of their businesses. No. Shannon argues that success depends less on private equity itself and more on choosing partners who share the firm's long-term vision and values. Fear and outdated perceptions about transitions still influence decision-making, even though today's transition experience is often much smoother than advisors expect. Talk directly with affiliated advisors, ask for measurable evidence of results, and focus on how a platform responds to advisor feedback rather than marketing claims. AI should enhance – not replace – the advisor relationship by creating operational efficiencies that allow advisors to spend more time delivering personalized advice. Related Resources How to Evaluate a Firm Beyond the Obvious: A Framework for Advisors Why You Should Stay at Your Current Firm   Shannon SpotswoodCEO Shannon Spotswood is a 25+ year industry veteran with a tremendous amount of experience across both retail and institutional finance and an outstanding reputation built on her passionate leadership and ongoing success in investment banking, hedge fund portfolio management, business development and retail wealth management. Joining RFG in 2015, Shannon recognized the opportunity to channel her entrepreneurial experience and passion for service into leading a mission to create an Advisor-focused RIA of the Future delivering a supported independence platform that empowers Financial Advisors to build the businesses they want to have, without compromise. Shannon's career has been characterized by her determination to build something bigger than herself. Having fallen in love with finance at only age 14, she was focused on making an impact in a male-dominated industry. After graduating from college, Shannon spent 20 years in San Francisco working in institutional finance. She began her career in investment banking and eventually achieved her dream job as a Portfolio Manager of a long- short equity fund at Symphony Asset Management. The company was acquired by Nuveen in 2001. After a decade at that firm and now a mother of 3 young children, Shannon turned her entrepreneurial passion in a new direction with a drastic pivot to start a luxury children's clothing brand, Busy Bees. Taking her years of experience in qualitative analysis of retail companies, Shannon and her business partner built the brand from the ground up, ushering its' growth from a garage to “Gwyneth Paltrow's Goop” over the course of a few years. Shannon and her family made the decision to move from the Bay Area to Birmingham, Alabama to be closer to family. And shortly after, the call to return to her first love, finance, grew to great to ignore. In 2015, Shannon joined RFG Advisory as President, leading RFG as the firm has grown from $1.8B to over $5B. In July of 2024, Shannon was named CEO of RFG Advisory and currently serves in that role. NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation. View the transcript of this episode… Growth Without Compromise: Building Around the Advisor Experience A conversation with Jason Diamond and Shannon Spotswood, CEO of RFG Advisory. Jason Diamond: Welcome to the latest episode of our podcast series for Financial Advisors. Today’s episode is Growth Without Compromise: Building Around the Advisor Experience. It’s a conversation with Shannon Spotswood, the CEO of RFG Advisory. I’m Jason Diamond, and this is the Diamond Podcast for Financial Advisors. Mindy Diamond: At Diamond Consultants, we help elite advisors identify the right environment for their businesses to thrive, whether that’s at a wirehouse, boutique, or independent firm. With nearly three decades of experience, we’ve guided thousands of advisors and represented more than a quarter of a trillion dollars in assets transitioned. And each year, one in four advisors managing a billion dollars or more who change firms are our clients. Our process is education-driven and based on building relationships, starting as your strategic partner well before you’re even thinking of a move. To schedule a confidential conversation, call us at 908-879-1002. Wondering why advisors change firms and where they’re headed? Are transition deals going up or down? Those very questions and more inspired us to create our annual advisor transition report. It’s the award-winning data-driven resource designed for advisors that connects the dots between the motivations around movement and the firm’s appetite for top talent. Arm yourself with the knowledge you need to make smart decisions. Download your copy at diamond-consultants.com/transitionreport. Jason Diamond: The right partners make you better. The wrong ones can quietly hold you back. Most conversations about independence focus on platforms as providers of technology, service, or infrastructure. Shannon Spotswood sees them differently. She believes advisors should evaluate a platform the same way they’d evaluate any long-term business partner, by asking whether it will help them build the kind of firm they ultimately want to own. That’s exactly what we explore in this episode. Shannon is the CEO of RFG Advisory, a firm that has grown from a startup into one of the industry’s leading supportive independence platforms. Along the way, she’s developed a unique perspective on what advisors should be looking for beyond economics and technology, and why the right partner can accelerate growth, strengthen culture, and help create a business that’s built to last. It’s a conversation that goes well beyond advisor platforms. We explore why Shannon believes so strongly in growth without compromise, what private equity can look like when the partnership is aligned, why firms shouldn’t try to be everything to everyone, and how advisors can separate marketing promises from meaningful support. We also spend time on a topic that comes up in nearly every transition conversation my team has with advisors, fear. Shannon shares her perspective on why outdated assumptions about making a move continue to hold advisors back and why asking better questions and demanding evidence instead of promises can fundamentally change the way advisors evaluate every opportunity in front of them. Whether you’re considering independence, evaluating your current platform, or simply thinking about what comes next for your business, I think you’ll find Shannon’s perspective both practical and though-provoking, especially the sage advice in her words, “Don’t tell me, show me.” There’s a lot to take away from this conversation, so let’s get to it. Shannon, thanks so much for joining me. Thrilled to have you here. Shannon Spotswood: It’s excellent to be here. I’m really looking forward to it. Jason Diamond: Me too. Let’s dive right in. I want to start with your background. You spent 20 years in San Fran as an investment banker, then as a portfolio manager at Symphony Asset Management before even touching the world of wealth management. So what made you walk away from, we’ll call it the institutional world and enter the world of wealth management? Shannon Spotswood: It’s a little bit of a circuitous story, but I’m going to take us on the short route. I fell in love with Wall Street as a teenager, so I knew I wanted to work on Wall Street. My dream job was actually the time that I spent at Symphony Asset Management. I was a hedge fund manager for them for six years running a long/short equity fund. I then had three children in three and a half years. The firm was acquired by Nuveen Investments, and we grew very large, and I was on this really interesting trajectory within the institutional investment management world. And somewhat of the unexpected happened to me in 2010, we’d come through the financial crisis. I looked around the room, I had these three young children, and having loved finance since a very early age, I couldn’t crawl on an airplane anymore. I fell out of love with what was honestly my first love. And I made a pretty radical pivot. I left Symphony, the tallest building at the time in San Francisco, and I partnered with a woman, and we built a luxury children’s clothing company for the next three years. So about as radical of a move as you can make, a $30 billion firm, big team, a tremendous growth ahead of us to upside down boxes of infant cashmere in a garage that flooded when it rained. So I had my startup in a garage moment. And while I was running the children’s clothing company, my husband and I took a big leap of faith and decided to move from San Francisco to Birmingham, Alabama to get closer to family, to raise our kids in the South, and just manifest the life that we wanted. In the third year of running the kids’ clothing business, we checked every box of our initial business plan, and I turned to my business partner and I was like, “Now what? Should we raise capital? Should we open stores? Should we diversify manufacturing?” And we realized this beautiful little luxury brand that we had created was exactly what it needed to be. And so we restructured the company and I punched out of that. And I spent, really for the first time in my life, about five months in deep contemplation. What was the first hedge fund that I was a part of in San Francisco, my tour of duty through investment banking as an analyst associate and helping them start an M&A group. This incredible decade that I’d spent at Symphony, and then this wild out of left field moment of building a luxury children’s clothing brand. And it had such an epiphany, Jason. And it was this, that I was on the ground floor of all of those businesses. And my aha moment was, oh my gosh, I’m a builder. What I love more than anything is sitting at the intersection of talent and opportunity and what I think is truly one of life’s greatest gifts, and certainly I think the most fun way to live your professional life, which is building something. So I put my resume together and I titled… It wasn’t even really a job search. It was more, I was new to Birmingham. I wondered if there was anything I could be of service in being a part of building something. So I put that resume together and I titled it Seeking the Intangible. And I was looking for that opportunity of talent and building something bigger than myself. And it was through some networking with my across the street neighbor who went on to become a board member of RFG who thought all I did was sell his wife incredibly expensive clothing who networked me to Bobby White, who’s the founder of RFG. And in the first 10 minutes of my conversation with Bobby, and I’ll tell you, both of us went into that meeting thinking it was going to be a filler meeting. He was doing a favor for a friend, and I had seen a little bit of the wealth management industry after Nuveen had acquired Symphony and was like, “That’s not really my bag. My jam is more on the institutional side of things.” And 10 minutes into our very first meeting, we both canceled the rest of our day, and we spent the next two and a half hours in his office having a conversation that really started with what if. What if we took RFG, which had been founded in 2003, and at the time was an OSJ with LPL, what if we took that business and we tore it all the way down to the ground? And we rebuilt it from the ground floor up to be a platform that is designed, that is intentionally engineered, to serve independent advisors? What would it look like to be a client experience company first, a technology company second, and a corporate RIA third? And I’ll tell you, walking out of that meeting, I was like, “This is it. This is it. This is the intangible. This is an opportunity to really build something very special.” And that’s how I found myself sitting in this talking to you today. Jason Diamond: Wow. So there’s a lot to unpack there. Thank you for sharing. And you shared it with a degree of vulnerability that I personally, I have a two-year-old and a three-week-old as of this recording. So it resonates with me. I think it resonates with a lot of advisors, people in our, and honestly, probably most industries, the constant pull in multiple different directions. And I love what you called it, seeking the intangible. And it sounds like you didn’t go in with any preconceived notion about… Many of our guests, by the way, that is the case. They walk in saying, “I knew since I was two years old I wanted to be in wealth management. I wanted to help be a steward of client…” And I love that your circuitous route took you a different direction. I want to talk more about the firm, and we’ll dive in on some of these elements of your background also. But before we do, you mentioned a little bit of, at a high level, what RFG is. Give me a little more context, types of advisors you serve, types of clients you serve. And if you don’t mind, provide some stats around size as well. Shannon Spotswood: Absolutely. So we are on a mission to help independent advisors build their business without compromise by driving organic growth to create enterprise value. And I share that because in our mission statement is the passion that links us all together, which is helping independent advisors build what they want to envision for their clients, what they believe is the best representation of their vision and their values. So we are a platform, a full turnkey platform for independent advisors. We talk about our services as a flywheel. There’s a very intentional interdependency from technology to marketing to compliance to talent to investment management to coaching, operations, transition services, and capital solutions. All of it is knit together very thoughtfully in order to be able to deliver to the advisors on our promise to help them operationalize and professionalize their business, to serve their clients and to generate that organic growth, which is what translates into enterprise value. What is so cool about the RFG advisor community, and I think is really the thread that binds between our teams and our advisors team is this servant heart growth mindset that you find it in every nook and cranny of RFG and certainly within all of our advisor partners. So the advisor profile for us, we do tend to skew a little bit younger. Average age is 45 years old. Organic growth across all of our advisors is north of 10%. So we’re very focused and leaned in on growth. We do have advisors that are lifestyle. We talk about them as lifestyle scaling and enterprise, and they run all along that growth at growth spectrum, depending on what do they want to build in their lives, what is going to help them really realize their dreams? And we’ll talk about this a little bit and just the growth of the firm and what we’ve been building, but we are at $9 billion. So it’s been a big run in 2026, as I say, 10 years of pre-game warmup to be able to really talk about that level of growth. So just knocking on the door of $10 billion and truly, Jason, I can tell you, I feel like we’re just getting started. I feel like we are just at the beginning of the J-curve as advisors are really realizing that their most valuable asset is their time and the amount of enterprise value that they can create being independent. There’s a lot of different flavors of that. We’ve got some incredibly well-capitalized and very strong competitors, but the collective awareness around this bull market for advice that we’re sitting at the very beginning of is shining such a bright light on what does it mean to be independent? What does it mean to be really supported by a partner who’s all in to help them win? And that’s where we find ourselves. And by design, that’s where we find ourselves. Jason Diamond: Yeah, and it’s an exciting time. I completely agree. The space, the vertical you’re in, probably as much or more than any other pocket of the industry. You took the words out of my mouth, the J-curve. I completely agree with the story you’re telling. There’s one component of your background that I do want to ask about, which is many RIAs, platforms, and the like, the leadership team is intentionally ex-advisors in their own right. So I’m curious, do you think of it as a benefit or maybe to what degree is it not a benefit that you have never been an advisor and served clients? I do love the idea that you’re a business builder and you’re helping advisors to build a business. That’s not lost on me, but I’m curious specifically about never having been an advisor. Shannon Spotswood: I think it is so critical that we were advisor-founded. What we like to say is we’re advisor-founded and professionally-led. Bobby founded the firm in 2003. We partnered in 2015. Our third partner, Rick Wedell, who’s our chief investment officer, managing partner, joined in 2016. So the three of us really co-founded the version of RFG that is- Jason Diamond: The right version. Shannon Spotswood: … expressed in the market today. But you’re a hundred percent right to double click on this. And I think it is such an important area for reflection for advisors in terms of where are their greatest skills? Where does their passion lie? And what are they interested in building? That very first day that I met Bobby, his telling of the story is he looked at my resume the morning that we were meant to meet, and he is like, “Well, why would I hire her? She could do my job.” And he often talked about that where you get to this point as an advisor where the business is scaling and growing. And we certainly are seeing this in a lot of the larger teams that we’re talking to and the relationships that we’re beginning to build within the pipeline of these advisors who were attracted to the industry because they wanted to serve clients and find themselves as accidental CEOs, COOs, their chief cook and bottle washer to advisor to all of these C-suite titles. And it’s not amplifying their natural skillset and it’s not aligned with what is actually their passion for the business. So I give a tremendous amount of credit to Bobby for recognizing more than 10 years ago really what it would take and how he could align team around him and build partnerships around him to be able to maximize the impact that we can have for advisors. So that north star of keeping advisors front and center is truly our, it is woven into our DNA and it is our north star. So we are a client experience company by design. We talk about it all the time, whether it’s how we’re building our team, how we’re thinking about investing in technology, how we’re soliciting feedback for advisors. I always say one of our greatest strengths as an organization is we’re active listeners and then we actually execute on it. Our best ideas come from our advisors, but you’ve got to have that posture as a firm that everything you do is orienting around how do we help advisors operationalize, professionalize, drive organic growth, and create enterprise value? And you can’t do it sometimes. You’re either all in, chips all in, only winning when your advisors win, and only having that lens of will this benefit the advisor and their team or not. It’s not something that you can just dip your toe in and out of. And I think RFG, having that foundation from which to always build is absolutely critical. Jason Diamond: Can I try and paraphrase or synthesize, and you tell me if I get this right? The pitch is something to the effect of, “We are really good at what we do. Let us take all the BS off of your plate so that you can go out and be an advisor. Service your client and prospect.” Do you find that story is resonating more over time? I mean, you’ve been with the firm now long enough to see this kind of cycle of movement towards independence. How has that story evolved over time? Do you find it easier to tell? Shannon Spotswood: Oh my gosh, without question. And I would even put a shorter term window on it. I would say in the last 12 to 15 months- Jason Diamond: Oh wow. Shannon Spotswood: … there has been a collective awakening by advisors, and I think there’s a lot of contributing factors to that. One is obviously as we are all aware, the majority of the industry is now private equity backed. There has been a real focus on the aggregator model, transitioning advisors into a W-2 model. And as that has played out and that financial engineering has translated into some incredible valuations and returns, there has also been simultaneously advisors picking their head up and like, wait a minute, I wanted to get independent so I could serve my clients in a way that I felt best represented my vision and my values. And I’m finding myself increasingly in a captive environment. All the while the technology is getting better, the valuations are getting larger, the ability to control both your branding and what that means for your family legacy is increasing. So over the course of the last 15 to 18 months, that story has just, while it’s been there for a long time, the independent movement was obviously sparked more than, gosh, now 16, 20 years ago in earnest. Now it’s just the passion and the knowledge that advisors are showing up to conversations in recognizing I want more. I want to spend my time where I want to spend it. I want to serve more families. I want to be well-positioned for generational wealth transition. I want to own the enterprise value. I want to build my team and I want the best tech. And that to me is exactly why we’re at the beginning of this J-curve. Jason Diamond: Yeah, I think you nailed it. And I agree with you that this notion of independence is not a destination in and of… It’s too broad of a term I think to use. And there are plenty of advisors who either started at one version of independence and need something different now, or to your point, thought they were going independent only to realize perhaps there’s elements of the business that aren’t as independent as they realized. And that’s where I think a firm like RFG to me, it’s not an accident that your firm fills this niche. This was advisor demand driven. Advisors said explicitly and implicitly, “We want to be independent. We want to own our equity. We want to have control over the things we like, but we want a support partner that helps us with all the back office, the middle office, investment management, the flywheel,” as you call it. Shannon Spotswood: That’s right. Jason Diamond: One other element of your journey to this point that I want to ask about, the succession journey or the journey to CEO, and I’m only asking because it’s somewhat recent, I think it was 2024, so we’re about two years in CEO. For the eight years prior to that, you were president. Shannon Spotswood: Yes. Jason Diamond: And this dynamic is near and dear for a lot of advisors. This idea you’re the heir apparent, but the date hasn’t happened until it happened. Was that a smooth transition date or did you find yourself, and I hope you can be honest about it, and if not, I understand, but I think this is something that a lot of advisors in their own businesses struggle with. So as somebody who’s gone through a major succession journey in the last two years, I’m curious what your thoughts are. Shannon Spotswood: The timing coincided with us bringing on a growth capital partner. So we closed on that partnership with Long Ridge in the fall of 2023, and we really set our sights on how do we bring this capital into the business and invest in our team, invest in our technology, invest in this desire to help independent advisors build their business. And Long Ridge really shares that long-term strategic belief that independence and the corporate RIA model is the ultimate winning model. So we have a lot of room to run there. So entering into that growth partnership with Long Ridge really provided a natural opportunity for that succession conversation to take place and to be able to take the company to the next leg. So we’ve tripled the size of the company over the course of the last two and a half years. Jason Diamond: Good for you. Shannon Spotswood: And as I said, I feel like we’re just getting started. I always joke we’ve had the longest pre-game warmup in history. In a lot of ways that’s by design. For me, the way that I can sleep at night is knowing that we are waking up as a team in this unified front to walk the walk for our advisors. It is incredibly important to us to honor the promise that we’ve made, whether it’s on tech or talent or transition services or marketing growth. So being able to lean in and deliver that, it takes a long time to build that institutional know-how and to be uncompromising in consistently making hard decisions, whether it’s around talent or the investments that you’re making or how you’re running and growing and building the firm. And so Bobby reached and Long Ridge and all of us reached this point where it was just a very natural way. And I think it was such a gift that I had such a long warmup, if you will, in the bullpen, running the day-to-day of the business as president, being so close to sweating the details of how we built the foundation, how we run the firm. And then obviously Ed Swenson joined us as president in last fall in October of 2025, having joined our board when we partnered with Long Ridge. So he joined our board in September of ’23, and he and I set up a call every other week. So we just became this incredibly trusted confidant of mine as we made a lot of strategic investments and key strategic decisions in that first 15 to 18 months of our partnership with Long Ridge. So to be able to build and attract the caliber of talent that we have to RFG, I mean, I’m totally biased and talking my own book, but I think we have the best leadership team. Doug Nelson joined us from Long Ridge as our CFO in November of last year, just bringing that rigor, particularly around capital strategies into our C-suite. So it was the right time to make that transition. And what I would say for founder advisor-led firms, it’s all about what are your growth ambitions? It’s what are your growth ambitions? Without question, when I joined and Bobby and Rick and I set upon this journey to tear the entire company down and build this robust tech stack and be at the forefront as an innovator in that space, that was experience that I had from my 20 years in San Francisco. And Rick had this incredible institutional pedigree having spent 12 years at Bain Capital plus two years at Stanford Business School, complimenting this authenticity that Bobby brought as an advisor, bringing that together. So recognizing as a founder advisor, if you have growth ambitions to 10X your business, it’s going to require that you bring high caliber talent to the table and allow for that room both from an equity participation perspective, but also just from what does the business need as it continues to scale up? Jason Diamond: That’s exactly right. And part of this gets back to private equity sometimes gets a bad rep in our space, but the reality is capital from private equity enables a lot of what you’re talking about. And I give you a lot of credit. I mean, you make the half joke about the longest pregame warmup ever, but I think of it as you learned on your own dime and you built all the kinks and ironed out all the kinks prior to having this critical mass of advisors on your platform. And we’ve seen certainly plenty of firms go that route too. So I give you credit for that. I think because we’re on the topic, let’s talk about it, private equity. Positive experience, negative experience, neutral, neither good nor bad. Just give me your… I don’t want to make the episode about the perils- Shannon Spotswood: Right. Jason Diamond: … and benefits of private equity capital, but just curious what your experience has been. Shannon Spotswood: I think this is one of those life lessons. Choose your partners wisely and great things can happen, whether it’s in your marriage or your friendships- Jason Diamond: Spouse. Yep. Shannon Spotswood: … or your business partners. And Long Ridge found us very serendipitously. I mean, we were probably two years from even contemplating bringing in a growth capital partner. They were introduced to us by a former board member and they were in our offices in January of 2023. And the most important things for us were twofold. Number one, they shared our vision and belief that the corporate RIA independent is the winning model for the industry and for advisors and clients. And number two, who they are as people is very much who we are as people. They’re builders. Jason Diamond: Culturally. Shannon Spotswood: They have this servant heart growth mindset that they share with us. So I feel incredibly blessed to say they’re amazing partners. And what’s interesting, and I’ll share this very openly, they’re the majority owners of RFG. We were very early in that time of bringing them on. They have always honored the promise that they made to us, which is we run the business. They are a strategic partner. They’re a great thought partner. They are the capital provider, but there has been multiple examples where we have made business decisions where there’s been some heat in the kitchen, in the boardroom, and we’ve felt very strongly about it. So I just couldn’t say enough great things about them. And one thing that I will just share, and I say this because they’ve shared this with me, I have had this incredible personal journey of growth bringing such a deep bench in Long Ridge into the firm. And that has been certainly challenging at times. Do hard things, get comfortable being uncomfortable. It’s the ultimate definition. But I really think that is something that never gets talked about is what it means in upskilling the caliber of your talent, yourself, how you have to grow and evolve as an individual has been really, I won’t say it’s been easy, but I look back on what I’ve learned over these two years and just feel prepared as a leadership team, how we operate as a team, what is expected of us to be able to deliver and execute for our advisors in this next leg of growth. Jason Diamond: I think your marriage analogy is the perfect one, and I’m going to use it. And honestly, in a lot of ways. First of all, marriage is hard, good or bad. It’s hard. Second of all, it’s the ultimate… The institution of marriage is not good or bad. Private equity capital is not good or bad, but your answer is the right one. Pick your partner very wisely. My favorite part of your answer, because it’s the most original, was around a good capital backer, a good partner, whatever you want to call it, pushes you to be better. And I think that you’re surrounding yourself with, by definition, some of the smartest people in the industry, and that can’t be a bad thing. And the proof is in the pudding. The growth trajectory you’ve seen, it’s certainly no accident. I think part of it is tied to your incredible stewardship. You don’t have to answer that. You don’t have to be humble, but I’ll attribute it to you. That brings me to my next question. Shannon Spotswood: I do have to say really quickly. Jason Diamond: Please do. Shannon Spotswood: I will be celebrating my 27th wedding anniversary in October. So yeah, pick your partners. Jason Diamond: Congrats. And I feel equally blessed, I assume as you do. I have a great partner, I’ll say. I don’t know if she’s listening right now, but she’s a great spouse. What I was going to say though, good segue, I think there’s been more in recent years, but not a ton certainly of female C-suite wealth management executives. How do you feel about your role? Do you feel an increased burden? Is it an honor to you? Is it something that you don’t think much about at all? I’m curious what your thoughts are. Shannon Spotswood: I feel immense gratitude. I mean, just in general, leading RFG and locking arms with our team and our advisors is, I mean, a gift of a lifetime. I was incredibly fortunate to not just have mentors during my 20 years in San Francisco, but to have true sponsors. Whether it was the first hedge fund I worked at, I took that job because it was a female portfolio manager and at the time one of the only in the country. And she really opened up her heart to me and poured into me. And then 10 years at Symphony, the founding partners of Symphony, they dropped me into the deep end of the pool and gave me a lot of rope to make a lot of mistakes and continued to invest. So I have this foundation from which to build and to lead and to be ready for this role. I couldn’t do any of this without my partners. Rick and I have been partners for more than 10 years. It really does take a village in the same way that it takes a village to raise your family. It takes a village to find the courage and the strength to lead in a way that really honors the gravity of the mission. But I’ll tell you this. One, I knew I wanted to work on Wall Street from a very young age, so I chose this. I knew what I was getting into, that it was a male-dominated industry. I have made particularly, this is one of the unique facets of the wealth management business, we have phenomenal both male and female talent, and I have made the strongest female relationships on this side of the business as compared to the institutional side of the business. So I think there is a richness to our side of the industry that doesn’t get enough air cover. There are just phenomenal leaders, and I think increasingly so, we’re seeing more women stay in the game and raise into positions within the C-suite and leading these firms. I will tell you one thing in 2019, and I really give a lot of credit to Bobby for this in coaching me, is I was raised by wolves on Wall Street without question. I sat on a trade desk, I was completely comfortable with compartmentalizing emotion, and I made it a mission to develop intentionally my emotional intelligence. And that truly unlocked everything for me, and I think plays such a huge part of who I want to be and who I challenge myself to be as a leader. And so it’s funny when I get the question asked of me about being a female CEO, because I think that’s what people feel must be like came very intuitively to me, but I had to learn it. I had 20 plus years of being able to run with boys and I needed to develop that skill. And it is a skill that I challenge myself on a daily to continue to lean into. And I think it is increasingly important both for men and women who aspire to leadership to hone the strategic and execution alongside that emotional intelligence. Jason Diamond: Great answer. And I think you know I admire a lot about you, but it’s certainly one of the things I admire most about you is over the last couple years in particular you’ve been a real beacon of positivity, of empowerment in that regard. You’re active on socials, you’re active at industry events, you’re always willing to talk to people. And honestly, that to me is the answer. A lot of people complain about this as a problem, and I want to just take a second to applaud you because I think you and your firm actually do something to at least try and actively solve some of this. And also you mentioned it earlier, but same thing with some of the next gen dynamics. You skew much younger than the average firm on the industry. And I think that too is to your credit around, okay, we’ve identified that we have a major succession problem in our industry. What are we doing to solve that? Shannon Spotswood: Absolutely. Jason Diamond: Let’s talk about growth a little bit. I agree with your thesis. This space you occupy, no better time to be in it. We’re at the perfect spot on the J-curve. Unfortunately, we are not the only two people to think that. There are also, I think, some other firms. This space has become crowded. What do you think about that? Just the fact that there’s more competition than ever. I mean, my view of it is there are enough quality advisors to go around, but curious what you think. Shannon Spotswood: Anytime I find myself wading into the waters of fear and scarcity around this topic, I’m reminded that 67% of the assets still remain within the wirehouse and IBD space. We got lots of room to run. I believe in a mindset of abundance. The data will tell us that the demand for advice is increasing by 30% over the next decade while the number of advisors is decreasing by 1%. So we’ve got, find me another industry where you see a graph that looks like that. On top of that, next gen, which I think this is so fascinating, next gen actually wants more advice when compared to the baby boomers. So baby boomers created our industry, and here we are sitting on $87 trillion worth of generational wealth that’s going to begin to transition. That doesn’t even include all of the wealth that will be monetized through real estate and family-owned businesses. It is a tsunami. And what is, I think, really interesting is that next gen recognizes the value of their time. I’m sure if I had a conversation, Jason, with you and my husband about how intentional you want to be in terms of showing up for your children and the equal nature of parenting, that alone is changing the way the next gen thinks about both their professions as well as their family life, which means you by default have to hire professionals to do the things that you don’t want to spend the time doing. Jason Diamond: Really good point. Shannon Spotswood: So we have this incredible convergence that’s happening right now, and it’s coming at a time that technology is finally going to allow us to serve more families more intentionally along that wealth spectrum. So it is like, bring it on. There is more than enough to go around. We are in an era of abundance. And what I worry the most about, and this, it’s like climb up on the soapbox and let’s roll, about independence because I see and have so many conversations with advisors where they have been willing to accept such a compromised service experience that they would never allow to be delivered to their clients. So advisors are delivering this 24-hour concierge, high-touch, deeply thoughtful experience, estate planning, tax planning, financial planning, multi-generational conversations. They’re in it. They’re in the trench. And then they turn around and their service partner is so subpar. They’re compromising their growth. They’re burying them in compliance and ops and clicks and swivel chair and tech that doesn’t work. So we’re at the very beginning of this bull run for advice. And I think advisors who recognize, I want to serve more families, I want more control over my time, I want to be able to build enterprise value on my personal balance sheet, have room to do it. So I welcome the competition. I think the best way to talk about it is iron sharpens iron. I learn so much from our peers and like, ah, they did this or they did that. How do we think more disruptively, more innovatively? How do we do it differently? So I think there’s a lot of room for all of us. You’re going to be busy, my friend. You’re already sitting there advising the lion’s share of the big deals, and I think you guys are just getting started as well. Jason Diamond: Yeah, it certainly feels like a bull market for advice and also I think a bull market for some of the… You allude to an interesting paradox, which is some of the biggest and most sophisticated advisors in the industry have really high-touch impressive service models, but they don’t seem to demand the same in return. I have some thoughts as to why. I think one could just be Kool-Aid drinking, like you don’t know any better and you’ve been there for so long. There’s just so much friction associated with moving a business and fear associated that it’s unless things get really dire or unless I find something that’s better enough or meaningfully better enough, I can gut it out. But the third one that comes to mind is these firms we’re talking about have unequivocally, they do a lot of good, a lot of bad, but unequivocally one of the things they do really well is brand. Shannon Spotswood: Yeah. Jason Diamond: How do you reconcile that question with a firm that obviously doesn’t have a brand that the average American consumer would know? Shannon Spotswood: We take a posture on this that is rooted in an Accenture study that was conducted several years ago, but I think still remains so true today, is that advisors think that the value proposition that their clients are looking for, either it’s that big monobrand that’s advertising at the Super Bowl or the alpha they’re ever able to generate or the portfolio investments. But the clients tell us that what they’re looking for in an advisor is, do you get me? Do you share my values? And do I want to spend time with you outside the office? And that is basically distilled down the way we talk about it is people connect with people. So now more than ever, particularly if you take a big step back and you think about the influencer economy and how brands, big brands, Nike or big consumer brands have really leaned into niche branding. How do I get my brand into the hands of someone who’s very passionate about it? So advisors who develop their own brand, who have a presence on social, who have a presence in AEO and SEO, who are leaning in and expressing not only their client experience, but their vision and their values through their brand, I actually think as this generational wealth unfolds, that authenticity carries so much more weight than is my name on a football stadium. So it is those three factors. It’s just I’m comfortable. I don’t want ripple. It is friction and fear for sure. And then it’s like that branding is up for grabs because we certainly see one of the most fun parts of advisors joining RFG, this is a big part of what we do is helping them design and develop or reimagine their brand name, their logo, all the rest of it. Once that creative energy is unlocked and you get to tell your story, your my why, that connective tissue is so powerful with the clients and with the growth that comes from that because I mean, I truly believe people connect with people. They’re looking for that. And I think more so now than ever with AI. Jason Diamond: You just took the words out of my mouth. Do you think AI perpetuates that? Shannon Spotswood: I think people are craving that. And this is why advisors who are powered by AI without question are going to win. Advisors are not going to be disrupted by AI unless they haven’t made the move to get themselves in a position to be able to leverage the technology, the brand, the talent, the maximizing of their time. But especially with something as important and as personal as money, as you walk through life, I mean, you are at the very beginning. I’m sending, I’ll have all three kids in college. But as you make these critical decisions in your life, whether it’s getting married or starting a business or changing jobs or buying your first house, buying your vacation house, all of these things, you can go right or you can go wrong. And having a trusted partner who really understands you, I actually think that we’re going to see the fees paid for advisors increasing as there is a greater premium placed on, I want deeply personal relationships that are tailor-made for me. Jason Diamond: But I assume the flip side of that is you have to do more. You as a firm and you as an advisor have to do more, and you can’t just raise fees with the same service model. So I think what is the corollary of that? What are some of the ancillary growth areas that you do beyond the financial planning and asset management that says, “We’re worth that money you’re going to pay us”? Shannon Spotswood: It is, and I love the work that wealth.com is doing here. I mean, the estate planning and tax planning, making that more accessible along that continuum of wealth spectrum, the blurring of the lines between ultra high net worth and high net worth, and then mass affluent is so exciting. Better, more robust planning is good for our industry overall. Obviously there’s a huge amount of demand on the tax side of things, particularly the 1040. It’s easy to find a CPA to do the cool complex stuff. It’s increasingly more challenging for advisors. That’s an area that I know a lot of firms have leaned into. We’re certainly doing a lot of work. But so much of this, Jason, is showing up at the right time for clients with the resources. It’s a really interesting conversation about, yes, you have to do more for your clients, but you don’t have to do more for all your clients at exactly the same time. Jason Diamond: That’s well said. The flip side of that is as an advisor, because ultimately the advisors are the ones making this decision. There are a lot of firms, and not even just firms that you would be competitors with, because the reality is you and I understand the industry landscape and where various firms fit in. For many advisors, it’s a long list of various firm names that they’ve heard. So what are some things that you think advisors should be asking a firm like you or a business development person at your firm to suss this out? How does an advisor go about understanding if a platform is empty or is really going to be able to deliver in all these areas? Shannon Spotswood: Remember back in the day when the Wall Street Journal used to run have a monkey throw a dart and see if you can beat the pros on stock picking? I love to do that with regards to our advisors. We always tell our prospects, “Throw a dart at any advisor that’s affiliated with RFG and call them. Certainly we can provide a list of advisors who we think you’re going to most align with in terms of what your growth ambitions are or the way you want to run your business or who you are, life stage, all the rest of it.” But I do think that getting that unfiltered experience, the good, the bad, the ugly. We always are like, “Are we perfect? Absolutely not. Do we though immediately want the feedback so that we can iterate to excellence to get better? Absolutely. Get that firsthand testimony.” So that’s number one. Number two is don’t tell me, show me. There are so many, and it always pulls at my heart because as much as I love to win business and transition advisors, and I think that we’re working certainly at RFG on some really interesting technology that is anchored around removing that friction and fear by speeding up the time that you can make that transition in. And the tech is finally there to allow for this. So I think we’re going to be able to take variable number two and at least make that box a little bit smaller. But if I’m sitting as an advisor, I would want to see the evidence. Show me how you’ve solved the problems that advisors have brought to you. How have you refined your tech stack? How have you invested in your team? How have you made the decisions where the ROI can be measurable and tangible? And I think too often I’m surprised that advisors get, it’s almost as if they get overwhelmed by the amount of information that they’re taking in trying to compare all these different firms. If I’m ever asked, I’m like, please work with a third-party recruiter. You need someone not only to act as an interpreter, but you need someone to help really keep your top three priorities at the front of your decision-making matrix, because it really is apples to oranges to orangutans and you get decision fatigue. And then advisors end up making this decision that is anchored in like, well, this is the highest payout, and I’m willing to take all of these sacrifices and paper cuts for this highest payout. And that is just such a travesty. So it’s like, know what you want. What are your top three problems that you’re trying to solve? Talk to advisors that you get to pick just so you can do some secret shopping, and then demand evidence of how the firm, the platform has responded to feedback and gotten better as a result because that will tell you, are they really going to walk the walk or are they just going to talk the talk? Jason Diamond: I’m super grateful that you gave specifics there because it’s an easy question to dodge and talk around. So I completely agree. Your first answer, actually all three of those points you just made, but certainly doing name-blind calls, and I say name-blind because advisors worry about confidentiality. I think that’s one of the best and most underrated tools to learn about a firm is advisors now have so many colleagues. There’s been this diaspora of advisors where advisors know advisors everywhere. And that’s a benefit if you wanted to go and just network and have conversations with other advisors on your own. But if you’re worried about confidentiality, there’s certainly the mechanisms, and we do this all the time for advisors to set up name-blind calls. You dial into a conference line, it’s John Smith, and you pick an advisor’s brain and say, “Hey, you moved your book from LPL to RFG, and tell me what that experience was like and what were the positives? Give me all the negatives.” To your point, you want advisors to ask those questions in advance. It’s better to ask those questions than to end up in the wrong marriage with the advisor. Shannon Spotswood: Absolutely. And the other thing is what an easy answer to BS around is tell me who’s a good fit for your firm. And it’s like, “Everyone’s welcome here.” Jason Diamond: Everybody. Yeah. Shannon Spotswood: It’s just not true. RFG is not a good fit for an advisor who is not open to using technology, who is not interested in outsourcing investment management, who doesn’t want to have a conversation about how are you spending your time and do you want to create enterprise value? Do you want to grow? So it really is important to have that vulnerability and that honesty and the answer to that question. Jason Diamond: I love it. We have time for one more. I can’t believe it’s been almost an hour. Shannon Spotswood: I know, it flies by. Jason Diamond: We speak with plenty of advisors who aren’t considering a move, but I’m interested. I think you have a really nice lens into the industry. What is one thing you wish advisors knew? You have a megaphone to just talk to advisors who maybe are considering change, but maybe aren’t. What’s the questions they should be thinking about? What keeps you up at night? Just what would be your public service announcement? Shannon Spotswood: I’m going to focus on the friction and fear because that’s the number one barrier to making a move is PTSD, either first person PTSD or the collective negative experience that the industry has had. It took me 90 days to transition. I got sued by my former firm. I lost all these clients. I didn’t have income. The wise tales of fear are very widely trafficked and widespread. And what I would say to an advisor is everything you want is on the other side of fear. And I look at all of this data that suggests exactly the opposite, which is you have the relationship with the client. You have the trust with the client. You are the one who they call on Sunday night when they need a shoulder to cry on or sage advice for making a decision. Just believe it with the core of your being because what we see is 99% of assets transition, whether it’s a restrictive transition or you’re taking full data, that the majority of assets are transitioning within 30 days, that this is still a free country, and you can make a move while honoring your contract around non-solicitation, non-competes, and non-associations. So it is like this fear of holding advisors back is preventing them from realizing and monetizing this enterprise value, but equally as importantly, loving their business. Have fun. This should be fun. We spend the majority of our life at work. And so being able to surround yourself with people who win when you win, with a team who’s aligned and isn’t just drudgery with all their operations compliance headaches that they’re dealing with. Your team deserves to be happy. You deserve to be happy. And that fear factor is holding so many advisors back. So that’s my advice is that it just doesn’t have to play out that way. And I think not just at RFG, collectively where we are as an independent industry with technology, with the way that AI is changing and our ability to harness data and business intelligence, getting to that point of next best action, how am I spending my time, how am I realizing, what is the blueprint for realizing my growth goals is more tangible now than ever. That’s immediately where I go. Jason Diamond: I’ve never been an advisor. I’ve never had a book of business, so I don’t want to minimize the fear, but I will say this. If we speak to advisors, let’s say a year post-transition, by far the number one thing we hear from them is, “I wish I did this sooner.” Shannon Spotswood: Wish I did it sooner. Jason Diamond: And that to me is the most telling data point there is to your point about fear and getting over it. Shannon Spotswood: So I do this exercise all the time with our team as we’re onboarding advisors is I want you to go home and look at your spouse and tell them, “I’m going to leave my job. I have no certainty that everything is going to work out. We might not receive any kind of compensation. Are you cool with that?” Walk that emotional journey. And while there’s plenty obviously that we can do with Capital Solutions to ease the financial fear associated with it, I still think at the baseline, it’s a great exercise to keep everyone very humble. You are asking an advisor to take their life’s work. And someone was sharing this analogy with me the other day and I was like, “Oh my gosh, that’s so good,” which is imagine moving houses. It’s such a hassle packing up moving one house. Now imagine moving 400 households or 1,200 households. It’s a lot, but I always hear the same thing, “I wish I’d done it sooner.” Jason Diamond: Thank you for sharing. You had some really sage wisdom that you shared with our audience. I can’t wait to see the next chapter, the continuation of the J-curve. This has been a fantastic episode, Shannon. Thank you. Shannon Spotswood: I love being with you, Jason. Thank you so much. We appreciate it. Mindy Diamond: As a financial advisor, you hold yourself to the highest standards of integrity, honesty, and credibility. You are successful because you take your professional responsibilities seriously and are dedicated to your clients. But are you living your best business life? Are your goals aligned with your firms or could a better option exist? Should I Stay or Should I Go? is a book written with you in mind. It’s a self-guided journey that walks you through the key steps that we take with our advisor clients. This strategic thought process and roadmap to professional self-discovery is designed to help you ask the right questions and think critically and objectively, whether you’re considering change or not. Learn how to get your copy at diamond-consultants.com/thebook.   Growth Without Compromise: Building Around the Advisor Experience A conversation with Jason Diamond and Shannon Spotswood, CEO of RFG Advisory. Jason Diamond: Welcome to the latest episode of our podcast series for Financial Advisors. Today’s episode is Growth Without Compromise: Building Around the Advisor Experience. It’s a conversation with Shannon Spotswood, the CEO of RFG Advisory. I’m Jason Diamond, and this is the Diamond Podcast for Financial Advisors. Mindy Diamond: At Diamond Consultants, we help elite advisors identify the right environment for their businesses to thrive, whether that’s at a wirehouse, boutique, or independent firm. With nearly three decades of experience, we’ve guided thousands of advisors and represented more than a quarter of a trillion dollars in assets transitioned. And each year, one in four advisors managing a billion dollars or more who change firms are our clients. Our process is education-driven and based on building relationships, starting as your strategic partner well before you’re even thinking of a move. To schedule a confidential conversation, call us at 908-879-1002. Wondering why advisors change firms and where they’re headed? Are transition deals going up or down? Those very questions and more inspired us to create our annual advisor transition re

This week on the podcast, we welcome Jennifer McCollum, President and CEO of Catalyst and author of the new book Men at Work: The Roadmap to Gender Partnership. Jennifer shares her perspective on whether true gender equity in the workplace can be achieved without fully engaging men in the solution. We dig into the data showing that modern workplaces are failing not just women, but men as well—fueling rigid expectations and limiting everyone's potential. We discuss Catalyst's new earned universalism framework in response to legal and societal shifts, and discuss practical strategies HR and talent leaders can use to advance inclusion, even as DEIB functions are restructured or absorbed into other parts of the business. You will want to hear this episode if you are interested in...[00:00] Discussing gender equity strategies[07:09] Catalyst's workplace research and commitment[12:52] Work-life stress and gender expectations[16:50] Evaluating post-E.O. impact study[18:23] Balancing inclusion and flexibility[20:54] Focus shift from metrics to fairness[26:27] Promoting equal parental leave[33:28] Leadership and cultural transformation[39:48] Changing organizational culture for managersA Universal Approach to Inclusion Can Transform Work for EveryoneFor decades, the chief narrative was that workplaces weren't built to support women. But Catalyst's research is now surfacing a broader truth: many modern work environments also fall short for men. Data from their studies reveal that 82% of men feel immense pressure to conform to traditional “man box” stereotypes—such as competitiveness and emotional restraint—while 87% long for more freedom to express traits like empathy and kindness. Crucially, this “man box” doesn't just restrict individual men. Because men still comprise much of senior leadership, these norms perpetuate rigid, stifling workplace cultures that limit everyone.Introducing Earned Universalism: Catalyst's New Inclusion FrameworkFaced with mounting political and legal pressures—such as recent executive orders impacting DEI practices—many organizations are anxious about how to maintain progress without running afoul of the law. In response, Catalyst, in partnership with NYU's Meltzer Center, introduced the concept of earned universalism.This framework acknowledges the paradox between the desire for inclusion that serves everyone and the need to support those long disadvantaged by systemic barriers. The idea is not to abandon equity, but to earn the right to universal policies by first removing specific barriers holding marginalized groups back. Practical Steps for HR LeadersWith DEI departments being restructured and relabeled in many organizations, HR leaders face unique challenges. The key is to integrate partnership skills—such as curiosity, courage, accountability, and allyship—into broader talent, culture, and leadership development programs.Jennifer outlines a 5B framework for building gender partnership:Begin with You: Start with self-reflection and awarenessBreak Down What's Not Working: Address both individual and systemic obstaclesBuild Up What's In It for Men: Explicitly communicate how everyone gains from equityBridge the Gender Gap: Model and drive behaviors that close divides at all levelsBring Humanity to Work: Foster real human connection and openness.Workplace equity isn't about ceding ground or ticking boxes; it's about pushing past old dichotomies and building cultures where all people belong and can contribute fully.  Resources & People MentionedMen at Work: The Roadmap to Gender Partnership by Jennifer McCollum Lean In by Sheryl SandbergIn Her Own Voice: A Woman's Rise to CEO by Jennifer McCollumMcKinsey's Women in the Workplace reportRisks of retreat: The path forward | Catalyst Connect with Jennifer McCollumJennifer McCollum on LinkedInConnect With RedThread ResearchWebsite: RedThread ResearchOn LinkedInSubscribe to WORKPLACE STORIES

This week, Paul and Sean begin with an update on the potential Skydance/Paramount WBD merger that has polarized Hollywood. While federal regulators have signed off on the deal, 12 states are suing to block it and a few major financial penalties hang in the balance. Next, they discuss a great week for sports franchises as the LA Lakers who were sold for the second time in 14 months as Bob Iger and Josh Kusher announced their 12.5B purchase while Sportico released its NFL team valuations for 2026. Learn more about your ad choices. Visit megaphone.fm/adchoices

Rocket Lab (NASDAQ: RKLB) just posted record second quarter 2026 results $234 million in quarterly revenue, up 62% year-over-year, and a total backlog of $2.36 billion. Simon Erickson walks through the investor slide deck covering Launch, Space Systems, and the new Space Applications division, then digs into the biggest news of the quarter: Rocket Lab's $8 billion acquisition of Iridium Communications (NASDAQ: IRDM) and its satellite spectrum. Simon also previews how these developments feed into Rocket Lab's discounted cash flow (DCF) valuation model, and what it could mean for the stock price going forward.

For this week's ep of my podcast Apt. 5B we're chipping it up about the 1st 10 timeless hip hop & R&B songs that come to mind!Just another DOOOOOOOOOPE ep y'all and don't forget to subscribe to our YouTube channel and check us out wherever you listen to your fave podcasts at!@Kil889   www.willmakebeatsforfood.com

Ricker and Bon open with the platform question every podcaster eventually asks: how did Spotify win the culture war while Apple Music and Apple Podcasts still struggle to feel social? They get into discovery, desktop apps, short-form conversion and why technically polished products do not automatically become the cool products people use.The tech rundown starts with a proposed futures market for computing power and the economics of aging data-center hardware. That leads into SpaceX's expanding AI-infrastructure costs, Starlink growth and the question of whether spending on AI is outrunning the business paying for it.From there, the show detours into Silicon Valley, Blue Mountain State and An Extremely Goofy Movie: college nostalgia, Goofy's unemployment crisis, X Games-era Disney synergy and the surprisingly deep economics of a cartoon dog going back to school.The guys compare AI-assisted software building with traditional development, explain how GitHub keeps code and dependencies connected, and react to Google's enormous shared codebase spanning products such as YouTube, Maps and Waymo. If regulators ever forced Google to spin off YouTube, separating the technology could be as difficult as separating the business.Then the Lakers take over the show. Ricker and Bon work through reports of a $12.5 billion agreement involving Josh Kushner and Bob Iger, compare recent NBA-team valuations and sale prices, and debate what brand, location, ticket demand and taxes really mean when a sports franchise changes hands.Weekend hour goes to goth night at The OffBeat in Highland Park: dance music, warehouse afters, tortas, awkward approaches on the dance floor and the strangely perfect names Los Angeles nightlife gives itself.The transportation discussion pits Uber's platform strategy against Waymo's capital-intensive robotaxi operation and Tesla's long-delayed promises. Uber and Pony.ai want to deploy more than 2,000 robotaxis across five European cities, while the hosts argue that Waymo is already delivering the strongest rider experience in Los Angeles.They also cover Apple's China-specific AI model with Alibaba and the regulatory bargain required to bring Apple Intelligence into that market. From there, the conversation moves to beneficial-ownership reporting, anonymous LLCs and whether accountability changes when companies can hide the people controlling them.The episode closes on data centers and public backlash. The hosts argue that the opposition is not always anti-AI: data centers have become a visible symbol of inequality, infrastructure strain and a buildout whose long-term demand is still uncertain.0:00 Cold open1:23 Show open and podcast clips8:09 Spotify vs. Apple12:18 Compute futures and SpaceX AI costs13:50 Goofy goes to college24:36 Wrivid and AI workflows27:42 Google's monorepo and a YouTube spin-off32:51 The Lakers' $12.5B deal46:04 Goth night at The OffBeat52:34 Uber, Pony.ai, Waymo and robotaxis56:25 Apple builds AI for China with Alibaba57:16 Anonymous LLCs and ownership reporting65:49 Data center backlashFollow Ricker and Bon:http://instagram.com/rickerandbonhttp://tiktok.com/@rickerandbonhttps://youtube.com/@rickerandbonhttps://open.spotify.com/show/0n1m0eR2sYZU2EFhSwlqX1https://podcasts.apple.com/us/podcast/ricker-and-bon/id1367523204

On This Episode: Episode 436 — Roderick & Cari are back with another week of music, headlines, and culture.   This week, the guys discuss Pooh Shiesty's “All Eyes on Shiest,” along with the announcement of Erykah Badu and The Alchemist's long-awaited album.   On the news side, Roderick & Cari get into the latest AI developments, GTA 6's extended look coming to Netflix, Russell Westbrook's retirement, the Lakers' $12B sale, and the Cowboys reaching a $15.5B valuation.   Tap in — new episode out now

Peep the new ep of my podcast Apt. 5B where we're chopping it up about who are some slept on MC/producer duos? We ALWAYS hear about Pete & CL, Preemo & Guru & Dre & Snoop but what about Erick Sermon and Redman or Dan & Tupac? Just another DOOOOOOOOOPE ep y'all and don't forget to subscribe to our YouTube channel and check us out wherever you listen to your fave podcasts at!@Kil889www.willmakebeatsforfood.com

Unwell raised $$ at a $500M valuation… but Alex Cooper's business model is still unwritten.Paramount might not close its Warner Bros acquisition… which would result in the biggest late fee of all time.Candy Crush is 15 years old and still has 81 million users… because you can never win it.Plus, the LA Lakers just sold for a record $12.5B - more than any team in any sport anywhere.$MSFT $PARA $DIS $PGGrab your Tickets to the IPO Tour: Our In-Person OfferingSan Francisco 9/23: https://www.ticketmaster.com/event/1C0064AFB5F688BDBoston 10/14: https://tickets.citywinery.com/event/tboy-the-ipo-tour-in-person-offering-8cdhupSeattle 11/4 (21+): https://www.axs.com/events/1446394/the-best-one-yet-ticketsNEWSLETTER:https://tboypod.com/newsletter OUR 2ND SHOW:Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/NEW LISTENERSFill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Linkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/ About Us: The daily pop-biz news show making today's top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell. Hosted on Acast. See acast.com/privacy for more information.

Alex Cooper had Paris Jackson on Call Her Daddy & forgot to ask a few things, Luigi Mangione supporters, Tom Segura breaks his silence, Meghan Markle handshake snub, Beverly Hills 90210 drug storylines, a new Bonerline, and Jim's Picks: Most Iconic Music Videos. Luigi Mangione is back in the news. He's looking to make a plea. Drew wants to call the Feds to make sure they don't do it! White House Spokeswoman Karoline Leavitt resigned today. AOC is freezing her eggs and Clavicular is popping off about "fixing" her. Josh Kushner & Bob Iger bought the Los Angeles Lakers for $12.5B. Paris Jackson was on Call Her Daddy with Alex Cooper and we didn't learn anything. A brand New Bonerline. This Perez Hilton story is the worst. K-Pop influencer killed herself live on TikTok. Tom Segura broke his silence over his divorce. The internet hates Ryan Sickler. Former Miss North Carolina Brittany Boltinhouse fights back after being dethroned. Brad Pitt was wasted at Taylor & Travis' wedding. Looks like he had a blast. Are you watching Hard Knocks? Meghan & Harry were at a charity event in Canada last week. David Foster snubbed the hell out of Meghan! Maz didn't answer on the first try. But of course he called back when we were wrapping up Harry & Meghan. So we stopped to call him back. Guess what...He didn't answer again. THEN, third time's a charm...We got him! Maz is still kind of down on baseball, but he's up on the Detroit Tigers. Tom was excited about Jemele Hill showing off her boobs. Then Tom cut out. Then Tom called back. Then he was gone again. The Nolan Wells case has been pretty quiet lately. Some people are saying that they should turn the phone over to the police already. Drew is nerding out on 90210 and all the awesome drug stories. Jim's Picks: Top 10 Most Iconic Music Videos. Merch is available if you want to rep the show. Word of mouth, brah. If you'd like to help support the show… consider subscribing to our YouTube Channel, Facebook, Instagram and Twitter (Drew Lane, Marc Fellhauer, Trudi Daniels, Jim Bentley, BranDon, and Roberto).

Anthropic's investors talked up a $2T+ October IPO, even as data showed Fable 5 barely selling. Google cut prices on Gemini 3.7 Flash, OpenAI previewed a 14× faster tier, Trump enlisted private hackers, and Twitch fed Amazon's AI. Links Google's Gemini 3.7 Flash targets coding and agents with a 50% introductory price cut (VentureBeat) OpenAI previews Ultrafast, an API tier powered by Cerebras that runs GPT-5.6 Sol up to 14× faster and generates up to 750 output tokens per second (9to5Mac) President Trump signs a memo letting the US government partner with private companies to conduct cyberattacks abroad against criminal groups targeting Americans (Bloomberg) Sources: Anthropic's investors expect it to float at a $2T+ valuation in an October IPO and to hit $100B to $120B in annualized revenue by the end of 2026 (Financial Times) Ramp data: Fable 5 drew just 6% of Anthropic's API tokens in its first month and 75% of GPT-5.6 Sol's model revenue, suggesting corporate willingness to pay for frontier AI has hit a ceiling (The Decoder) Databricks closed a $5B funding round at a $190B valuation, six months after raising $5B at a $134B valuation, and says it has crossed $7B in revenue run rate (CNBC) Twitch says it intends to use videos streamed on its platform to help train Amazon's generative AI content models and adds a setting for creators to opt out (TechCrunch) Subscribe to the ad-free feed.

Scotty G. & The Coach with Scott Garrard and Tim LaComb on August 12, 2026. Hour 1 Starting Lineup Bob Iger, Joshua Kushner buy Lakers for $12.5 Billion What You May Have Missed Hour 2 Will Snowden, Alpha Recruits and former BYU running back G, B, & U: Ben Johnson wants Bears to have 'highest-scoring offense ever' NFL Preseason Hour 3 Steve Bartle, Utah Utes insider for KSL Sports How the Los Angeles Lakers' $12.5B sale compares to the price tags of other NBA sales + MORE Hour 4 David James, DJ & PK  Sports Roulette: Russell Westbrook announces NBA retirement after 18 seasons College football changes include tweaks to targeting, OPI rules

Hour 3 of Scotty G. & The Coach with Scott Garrard and Tim LaComb. Steve Bartle, Utah Utes insider for KSL Sports How the Los Angeles Lakers' $12.5B sale compares to the price tags of other NBA sales + MORE

Special Guest: Nikesh Arora, CEO @ Palo Alto Networks.  AGENDA: 04:50 Airtable Sold to Bending Spoons for $1.285B  17:00 Leo Aschenbrenner's Situational Awareness Blows Up as Citadel Buys His $16BN Book 22:30 Anthropic's AI Models Breach Three Companies as Cyber Threat Accelerates 33:35 Moonshot AI Raises $3.5B at $35B as Chinese Models Crush AI Prices 38:05 Valar Atomics Triples to $6B as Sequoia Bets on Nuclear Power for AI 42:50 OpenAI and Anthropic Could Trigger a Massive Public-Market Dislocation 52:55 Big Tech and Palantir Earnings Ignite the Next Phase of the AI Gold Rush 1:04:30 Procore Buys DroneDeploy for $900M in a High-Stakes 12x Revenue Bet 1:10:55 Scale AI Hits $1.5B ARR After the Meta Deal Left It for Dead  

Ariana Grande leaves public life after sparking concern, Aaron Rodgers pops off, Pete Davidson's new woman, a fresh Bonerline, Meghan Markle's birthday celebration, Kelly Osbourne v. ex-husband Sid Wilson, stock market sets record, and a deep dive into Bryan Kohberger's admirer. No kink shaming on this show... with maybe one exception. It'd be nice if you gave Drew a Labor Day present by rating/reviewing the show wherever you listen. The stock market is raging today. Jeff Bezos needs $5B now for some new hair. Don Geronimo is ready for radio again. Sharla McBride doesn't like him that much. David Lee Roth and Alex Van Halen reunited for a TED Talk. Kanye West and Lauren Pisciotta settle some sexual harassment complaint. Kanye can do anything he wants without repercussions. Ariana Grande is thin and proud. Some people are speculating that she has cancer or something. Slipknot's Sid Wilson has been BLOWN out of the band. Now his baby-mama, Kelly Osbourne, is popping off, complaining and demanding more child support. Pete Davidson is plowing into Sarah Jane Nader now. Which Nader sister should he nail next? 60 Minutes castoffs Scott Pelley and Sharyn Alfonsi land gigs as professors at Columbia. There is a brand-new Bonerline today. Call or text 209-66-Boner. Some people are still saying Courtney Love killed Kurt Cobain. She is known to be terrible with Kurt's money. We'll always remember her for her infamous trip to Wendy's. Sports: Aaron Donald wants to come back to the Los Angeles Rams to play alongside with Myles Garrett. Brandon Aiyuk is being a jerk to the San Francisco 49ers. Angel Reese has invented African American dolls. Some men cannot beat the women in the WNBA. Aaron Rodgers went off on Mike Vrabel/Dianna Russini scandal and Dr. Anthony Fauci on the The Pat McAfee Show. Bryan Kohberger was really fat back in the day. His dad has a lot of ear wax. The Idaho Murders: College Nightmare is available now on Netflix. We find a Kohberger admirer and rummage her social media. Drew's favorite Beach Boy is the Black guy. Dennis Wilson was an absolute mess.  Happy birthday Meghan Markle! She's culturally appropriating Princess Diana. Meghan makes the BEST ice cream sundaes. Her website is filled with price inconsistencies. We may have been a little hard on Martha Reeves and her butchered National Anthem. We check if she did a better job during the warmup. Merch is available if you want to rep the show. Word of mouth, brah. If you'd like to help support the show… consider subscribing to our YouTube Channel, Facebook, Instagram and Twitter (Drew Lane, Marc Fellhauer, Trudi Daniels, Jim Bentley, BranDon, and Roberto).

Apple's Q3 2026 results are in, with the company's total revenue up by 16% from the year-ago quarter! Apple's Rosetta software tool is further nearing its end-of-life. And OpenAI rebuts Apple's trade secrets allegations. Apple announces record Q3 results. Apple stock opens down roughly 10% following mixed Q3 2026 results. Siri AI could come with a paywall for power users. First Apple Silicon-native CrossOver build in testing as Rosetta's end nears. What's the catch with the Apple Upgrade program? OpenAI rebuts Apple trade secrets allegations in new response with receipts. From OpenAI: "Apple is getting this wrong" Apple Photos' facial features prompt a $32.5B class-action lawsuit. Picks of the Week Andy's Pick: Infuse Media Player Jason's Pick: Overcast Mikah's Pick: Pelican Marine Waterproof Phone Pouch Hosts: Mikah Sargent, Andy Ihnatko, and Jason Snell Download or subscribe to MacBreak Weekly at https://twit.tv/shows/macbreak-weekly. Join Club TWiT for Ad-Free Podcasts! Support what you love and get ad-free audio and video feeds, a members-only Discord, and exclusive content. Join today: https://twit.tv/clubtwit Sponsors: joindeleteme.com/twit-biz cirasync.com/MacBreak

A rogue OpenAI agent allegedly hacks Hugging Face, the React Compiler lands in Rust, and a fresh Rust full-stack framework ships. Scott, Wes, and CJ also dig into Anthropic's $1.5B copyright settlement, Claude Opus 5, and the campaign to kill the cookie banner. Show Notes 00:00 Welcome to Syntax! 01:03 React Compiler Ported to Rust 06:39 Vercel releases TS to Native Compiler 19:26 Standard Agent Zen Garden 29:14 In-House LLM at Netflix 34:14 Brought to you by Sentry.io 35:15 Anthropic to pay $1.5B over book piracy 38:06 Open Weights and American AI Leadership 40:27 Kimi K3 Weights Released 44:26 Claude 5 Context Engineering 45:40 Writing Code For Agents to Read 48:02 Gemini 3.6 Flash / 3.5 Flash Cyber 50:44 Qwen Image 3.0 Released 54:46 Cactus Hybrid - Fine Tune Small Models 56:06 topcoat - Rust Full Stack Framework 01:01:00 SvelteKit 3 Migration Notes 01:05:16 Canvas UI 01:07:26 Jelly UI 01:09:24 Kill the Cookie Banner 01:12:31 Hugging Face Hacked by OpenAI 01:21:27 AI Alliance for AI Safety and Security 01:24:51 htmx 4: the game for gameboy 01:29:00 Stolen Buttons 01:29:33 Fonts in Use 01:32:39 3d Splats Hit us up on Socials! Syntax: X Instagram Tiktok LinkedIn Threads Wes: X Instagram Tiktok LinkedIn Threads Scott: X Instagram Tiktok LinkedIn Threads Randy: X Instagram YouTube Threads

Today's Headlines: Congress was quite busy. Rand Paul turned the Senate into a personal vendetta circus, dragging Anthony Fauci in for a hearing where he pleaded the Fifth almost 100 times — because the entire point was to find something to criminally prosecute him for despite Biden's preemptive pardon — and Paul is now threatening to hold Fauci in contempt of Congress for asserting his constitutional right. Todd Blanche's attorney general confirmation vote was cancelled because Thom Tillis and John Cornyn want the bare minimum assurance that he won't create Trump's insurrectionist slush fund or give Trump permanent IRS immunity — things Blanche won't promise — though both senators still ultimately want to vote for him, so there really is no point to this. Jay Clayton, who has zero intelligence or national security experience, was confirmed as Director of National Intelligence anyway, because experience is optional now. On the war beat, Iran launched a ballistic missile strike on a US base in Jordan, Trump told Fox News the US would "beat the fucking shit out of them," the US and Saudi Arabia jointly struck Iranian-aligned militants in Iraq, and then Iranian drones set two ships on fire in an Egyptian port in what Iranian sources called a demonstration that "global shipping and energy supplies could be more deeply disrupted." Trump called it "more of the same" and said "it's our turn to hit them," he must think war works like the game Battleship. In election interference news, Elon Musk is reviving his America PAC for the midterms after spending $250 million to elect Trump in 2024, with plans for door-knocking, digital ads, and direct mail — and has reportedly been talking to Trump's team about how he can be most helpful. And finally, The Federal Reserve voted 9-3 to keep interest rates between 3.5 and 3.75%, with the three dissenting votes wanting a rate increase due to persistent inflation, which is not the news anyone wanted. Resources/Articles mentioned: WaPo: Rand Paul threatens to hold Fauci in contempt after he declines to answer questions NYT: Senators Cornyn and Tillis Threaten to Block Blanche Nomination Over Trump's IRS Deal CNN: Trump's new intelligence chief takes over an office in turmoil Axios: Exclusive: Musk plans massive push for GOP in midterms NYT: Iran War Live Updates: U.S. Begins New Wave of Attacks on Iran, Military Says Axios:U.S. launches fresh airstrikes in Iran AP News: Trump announces a $22.5B makeover of Dulles airport that will eliminate the 'people movers' WSJ: Fed Holds Rates Steady but Three Officials Vote for Increase Subscribe to the Betches News Room and join the Morning Announcements group chat. Go to: betchesnews.substack.com Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

(0:00) Bestie intros! (0:18) The fight to save open source AI: Kimi K3 panic, Anthropic/OpenAI regulatory capture (27:38) Anthropic/OpenAI historic growth rates, China's long game (48:29) Anthropic's $1.5B piracy settlement and the great IP theft hypocrisy (1:07:12) Google and Tesla stocks tank on surging AI capex (1:17:19) Socialism Corner: "Evictions = Violence" and the threat to private property rights Apply for All-In Summit 2026: https://allin.com/events Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@allin Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://artificialanalysis.ai/models/kimi-k3?intelligence=artificial-analysis-intelligence-index#intelligence-comparisons https://www.axios.com/2026/07/20/ai-us-china-open-source-kimi https://www.wired.com/story/the-white-house-is-trying-to-figure-out-what-to-do-about-chinese-ai https://x.com/mkratsios47/status/2079933645888880708 https://polymarket.com/event/us-government-bans-an-open-source-ai-model-in-2026-20260703221501747 https://fortune.com/2025/01/29/deepseek-openais-what-is-distillation-david-sacks https://stratechery.com/2026/whos-afraid-of-chinese-models https://x.com/CommerceGov/status/2080341953086886387 https://x.com/tickerplus/status/2080123562560504240 https://blog.tickertrends.io/p/anthropic-vs-openai-arr-tracking https://x.com/sama/status/2077817060068057493 https://www.reuters.com/world/us-judge-approves-anthropics-15-billion-settlement-copyright-lawsuit-2026-07-20 https://www.anthropic.com/news/detecting-and-preventing-distillation-attacks https://techstartups.com/2026/07/22/nearly-200-silicon-valley-startups-urge-trump-not-to-ban-chinese-ai-models-warn-it-could-kill-innovation https://x.com/typesfast/status/2080339052398891244 https://www.thefp.com/p/why-new-york-city-has-50000-ghost