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ESG investing promises to align your portfolio with your values. But an important question remains: Whose values are shaping the standards? Environmental, social, and governance ratings are often presented as measures of corporate responsibility. Yet the assumptions behind those ratings may not always align with biblical convictions. Nick Schmitz, Professor of Finance at The Catholic University of America and a Board Member of the Christian Investing Council (CIC), joined the show today to explain the differences between ESG and faith-based investing—and why Christians should pay attention not only to what they own, but also to how their shares are voted. ESG and Faith-Based Investing Start in Different Places ESG stands for environmental, social, and governance. ESG ratings attempt to evaluate companies based on their performance in each of those areas. But Schmitz points out that ESG standards are developed by secular ratings agencies and can shift with cultural and political trends. Faith-based investing starts somewhere different: with convictions rooted in biblical truth. That distinction matters because a company may receive strong ESG ratings while supporting practices that conflict with a Christian investor's beliefs about issues such as the sanctity of human life, religious liberty, family, or human dignity. There may certainly be areas of overlap. Christians care about justice, responsible stewardship, fair treatment of employees, and care for creation. But agreement on certain issues does not mean the underlying moral frameworks are the same. Faith-based investing asks a deeper question: Does the way this company operates—and the way my ownership stake is used—reflect the convictions I am seeking to live by? Your Shares Come With a Voice One area investors may overlook is proxy voting. Owning shares in a publicly traded company generally gives investors the opportunity to vote on certain corporate matters. But individual investors rarely cast those votes themselves. Instead, asset managers often rely on large proxy advisory firms to provide recommendations or process votes on their behalf. That means Christians may unknowingly own investments whose shares are being voted in ways that conflict with their beliefs. Schmitz offered an example involving shareholder proposals related to Google and crisis pregnancy centers. Some proposals sought changes in how those organizations appeared in search results and were characterized positively within ESG-oriented frameworks. Faith-based investors, however, could reach a very different conclusion because of their convictions regarding the unborn and the work of pro-life ministries. For Christian investors, then, screening a portfolio may be only part of the stewardship equation. How shares are voted can matter too. Moving Beyond Passive Ownership Schmitz has been involved in developing proxy-voting policies designed to better reflect Catholic investment principles. The effort grew from concern that existing guidelines did not always reflect the convictions they claimed to represent. The broader lesson applies to Christian investors of many traditions: we do not necessarily have to outsource our influence without asking questions. Faith-based investing can involve both screening and engagement. Screening considers whether a company's products, services, or practices conflict with an investor's convictions. Engagement asks whether shareholders can encourage companies toward practices that better promote human flourishing. That makes faith-based investing more than a list of companies or industries to avoid. Shareholders can also use their ownership to advocate for positive change. Christians Can Care About Creation Without Agreeing on Every Policy The “E” in ESG stands for environmental, which sometimes creates the impression that faith-based investors give little attention to environmental stewardship. Schmitz argues that this does not have to be the case. Christians may disagree about exactly how environmental concerns should be addressed, but waste, pollution, and responsible care for creation are legitimate stewardship concerns. Investors can support companies working to reduce genuine environmental harm while also considering the economic consequences of particular policies, especially for workers and lower-income communities. The difference is that Christians can recognize room for prudential disagreement. Biblical stewardship gives us principles to guide our thinking, but believers may reach different conclusions about the best policies or business practices to address a particular environmental concern. That calls for humility, wisdom, and careful discernment rather than assuming every issue has a one-size-fits-all solution. Look for Managers With “Skin in the Game” Schmitz also encouraged investors to consider whether the people managing their money have what author Nassim Nicholas Taleb famously called “skin in the game.” When Schmitz worked as a fund manager, for example, he invested his own capital alongside the investors whose money he managed. That kind of alignment can matter. A manager who shares both the potential rewards and the downside risk has an added incentive to exercise discipline and think long-term. For Christian investors, alignment can go even deeper. Do the people managing your investments understand your convictions? Do their investment policies reflect them? Are they transparent about how companies are screened, how proxies are voted, and how shareholder engagement is conducted? Christian investors should not assume that an investment is biblically aligned simply because it carries a faith-related label. Transparency matters. Common Misconceptions About Faith-Based Investing Schmitz highlighted several misconceptions investors should reconsider. First, ESG is not morally neutral. Like every investment framework, it rests on assumptions about what is good, responsible, and worth promoting. Second, faith-based investing is not merely negative screening. Christian investors can encourage good corporate behavior through shareholder engagement, proxy voting, and collaboration with other investors. Third, bringing Christian convictions into investing is not an inappropriate intrusion of faith into an otherwise neutral marketplace. Every investor brings values into financial decisions in some form. Christians should not feel compelled to leave deeply held beliefs outside the investment process. Finally, individual investors are not necessarily powerless. Shareholders can work together, support resolutions, engage company leadership, and influence how large asset managers vote. The question is whether Christians will use that influence intentionally. Questions to Ask About Your Investments If you want to know whether your investments reflect your convictions, start by asking questions. If you work with a financial advisor or investment manager, ask how your investments are screened and how proxy votes are handled. If most of your retirement savings are held through an employer-sponsored plan, ask your plan provider what proxy-voting policies apply to the funds you own. You can also examine Christian mutual funds and exchange-traded funds that publicly disclose their screening standards, voting policies, and shareholder-engagement practices. The goal is not perfection. Investing in a complex economy will always require wisdom and discernment. But greater transparency can help investors make more informed stewardship decisions. Keep Your Investment Horizon Eternal Schmitz closed with advice he regularly shares with young people entering finance: Character matters more than credentials. Work ethic, courage, and integrity can open doors over the course of a career, but ambition must remain submitted to something greater than personal achievement. For the Christian, that means keeping Christ at the center. Financial markets reward investors who are willing to think beyond the next quarter or the next headline. Christians have an even longer horizon. We make financial decisions knowing that earthly returns are temporary and faithfulness to Christ has eternal significance. That perspective changes the way we think about investing. We are not merely asking, “What return can this investment produce?” We are also asking, “What am I supporting with the resources God has entrusted to me?” Faith-based investing is ultimately another opportunity to practice faithful stewardship—seeking to align our financial decisions with our convictions while remembering that our ultimate treasure is not found in any portfolio, but in Christ. On Today's Program, Rob Answers Listener Questions: I'm an elementary teacher looking to supplement my income, and I recently earned my life and health insurance license. A friend invited me to join WFG. Is that a good option for part-time work, or are there better ways to use the license? I opened a savings account after receiving a promotion offering a cash bonus if I deposited funds and left them there for 90 days. I met those requirements, but now the bank says I failed to enroll in the promotion, even though the invitation didn't mention that step. What should I do to dispute this? Resources Mentioned: Faithful Steward: FaithFi's Quarterly Magazine (Become a FaithFi Partner) Christian Investing Council (CIC) Consumer Financial Protection Bureau (CFPB) FaithFi Field Guide: How Much Money is Enough? Our Ultimate Treasure: A 21-Day Journey to Faithful Stewardship by Rob West Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety Rich Toward God: A Study on the Parable of the Rich Fool Find a Certified Kingdom Advisor® (CKA) FaithFi App Remember, you can call in to ask your questions every weekday at (800) 525-7000. Faith & Finance is also available on Moody Radio Network and American Family Radio. You can also visit FaithFi.com to connect with our online community and partner with us as we help more people live as faithful stewards of God's resources. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Listen to an audio version of Brookfield's Second Quarter 2026 Letter to Shareholders to learn about the firm's progress across its Alternative Asset Management, Wealth Solutions, and operating businesses.Please read this disclaimer (https://www.brookfield.com/podcast-disclaimer) before listening.
Contact Energy's putting serious thought into data centres after reporting record earnings. The gentailer's made $423 million annual profit – up nearly 28%. It's now in talks with Australian firm CDC Data Centres for a 250 megawatt data centre in Taranaki. Shareholders Association CEO Oliver Mander told Mike Hosking that the companies looking at data centres are investing heavily in growth, and Contact is no exception. LISTEN ABOVE See omnystudio.com/listener for privacy information.
Economics and Public Affairs Editor, David Muprhy explains the implications of the upcoming meeting between PTSB and its potential new owner, Austrian group Bawag.
Lance Allan on The Miz, Packers' Shareholders Meeting, and more by 102.9 The Hog
The Packers held their annual shareholders meeting yesterday and new team president Ed Policy had some thoughts about the financial ground the team is on.See omnystudio.com/listener for privacy information.
On this week's episode of the Shareholders the guys discuss current events, the Woke Report with Junior, the stock, and answer the Chimney Oaks Mailbag from the Middle!
In the early 2000s, Disney was on the brink of collapse. Shareholders were revolting. Morale was at an all-time low. The board finally forced out longtime CEO Michael Eisner. Here's what makes that story fascinating. Eisner's first decade was historic. His last was abysmal. Same man. Same company. So what changed? Disney grew. Eisner never grew with it. Every decision, every ride, every film had to run through his micromanaging leadership. That style worked when the company was smaller. It was destroying them two decades later. Enter Bob Iger. In his memoir, The Ride of a Lifetime, Iger describes building his entire vision around three clear priorities. That vision transformed the company. Iger understood something Eisner never did: what got Disney here wouldn't get Disney there. They didn't need an updated Mickey. They needed an updated method. Churches face the same tension. By God's grace, our church is growing. But the win isn't a bigger crowd. It's deeper formation. People embracing the practices of Jesus. Generational patterns changing. Men and women stepping into their calling. And that kind of growth forces an honest question: can the methods that got us here faithfully take us there? Part of the fear around growth is legitimate. Growth can veer into vanity. A pastor gets an ego, a church chases numbers, the mission gets lost. That danger is real and worth guarding against. But there's another challenge we don't talk about nearly as often. Growth creates complexity. More people means more stories, more needs, more questions. It's like moving from two kids to three. You go from man-on-man to zone defense. So how does a growing church organize itself around spiritual formation? Paul answers that exact question in Ephesians 4. Serving Grace Everything hangs on one sentence: “Grace was given to each one of us” (Ephesians 4:7). In the first half of Ephesians, Paul celebrates saving grace. That's what most of us think of when we see the word. Without it, we're separated from God. It comes by His mercy, not our merit. But here, Paul shifts to serving grace. Saving grace gives us a place in God's family. Serving grace gives us a purpose in God's family. We aren't just recipients of grace. We become participants in it. And who receives this serving grace? Each one of us. Not the professionals. Not just the staff. Every follower of the Way. Paul even quotes Psalm 68 with a twist. The original says the King received gifts from people. Paul writes that Jesus gave gifts to people. This King isn't just here to receive. He's so generous, He distributes His ministry through His whole Body. Five Ways Of Seeing Then Paul does something surprising. Instead of listing abilities, he lists people: apostles, prophets, evangelists, pastors, and teachers. Notice this isn't a list of the ministers. It's a list of the equippers. The leaders equip. The saints minister. Without that understanding, churches make attenders, not disciples. Here's one way to grasp these five gifts. They can all walk into the same church, look at the same people, and notice something different. The apostle says we need to build and multiply. The prophet says we need to hear from God and pursue holiness. The evangelist says we need to reach the lost. The pastor says we need to care for and protect people. The teacher says we need to understand and live God's truth. None of them are wrong. Each sees a different part of what the Body needs. The problem comes when we assume what we see is all there is to see. The prophet needs the shepherd. The evangelist needs the teacher. We need each other because the Church needs all of Jesus. Your Next Step This is why we've built a Discipleship Pathway around teaching, community, and practice. It's not a shift away from anything. It's a step further in. The goal is simple: deepen your discipleship and develop your gift for the Body. You can't choose your gift. You discern it. Through prayer, practice, and community, you discover where God has empowered you to serve others. So here's the question worth praying over: what's your next step on the pathway? Formation doesn't run through a handful of people at the top. Grace was given to each one of us. Including you.
What Got Us Here Won't Get Us ThereIn the early 2000s, Disney was on the brink of collapse. Shareholders were revolting. Morale was at an all-time low. The board finally forced out longtime CEO Michael Eisner.Here's what makes that story fascinating. Eisner's first decade was historic. His last was abysmal. Same man. Same company. So what changed?Disney grew. Eisner never grew with it. Every decision, every ride, every film had to run through his micromanaging leadership. That style worked when the company was smaller. It was destroying them two decades later.Enter Bob Iger. In his memoir, The Ride of a Lifetime, Iger describes building his entire vision around three clear priorities. That vision transformed the company. Iger understood something Eisner never did: what got Disney here wouldn't get Disney there. They didn't need an updated Mickey. They needed an updated method.Churches face the same tension.By God's grace, our church is growing. But the win isn't a bigger crowd. It's deeper formation. People embracing the practices of Jesus. Generational patterns changing. Men and women stepping into their calling.And that kind of growth forces an honest question: can the methods that got us here faithfully take us there?Part of the fear around growth is legitimate. Growth can veer into vanity. A pastor gets an ego, a church chases numbers, the mission gets lost. That danger is real and worth guarding against.But there's another challenge we don't talk about nearly as often. Growth creates complexity. More people means more stories, more needs, more questions. It's like moving from two kids to three. You go from man-on-man to zone defense.So how does a growing church organize itself around spiritual formation? Paul answers that exact question in Ephesians 4.Serving GraceEverything hangs on one sentence: “Grace was given to each one of us” (Ephesians 4:7).In the first half of Ephesians, Paul celebrates saving grace. That's what most of us think of when we see the word. Without it, we're separated from God. It comes by His mercy, not our merit.But here, Paul shifts to serving grace. Saving grace gives us a place in God's family. Serving grace gives us a purpose in God's family. We aren't just recipients of grace. We become participants in it.And who receives this serving grace? Each one of us. Not the professionals. Not just the staff. Every follower of the Way.Paul even quotes Psalm 68 with a twist. The original says the King received gifts from people. Paul writes that Jesus gave gifts to people. This King isn't just here to receive. He's so generous, He distributes His ministry through His whole Body.Five Ways Of SeeingThen Paul does something surprising. Instead of listing abilities, he lists people: apostles, prophets, evangelists, pastors, and teachers.Notice this isn't a list of the ministers. It's a list of the equippers. The leaders equip. The saints minister. Without that understanding, churches make attenders, not disciples.Here's one way to grasp these five gifts. They can all walk into the same church, look at the same people, and notice something different. The apostle says we need to build and multiply. The prophet says we need to hear from God and pursue holiness. The evangelist says we need to reach the lost. The pastor says we need to care for and protect people. The teacher says we need to understand and live God's truth.None of them are wrong. Each sees a different part of what the Body needs. The problem comes when we assume what we see is all there is to see. The prophet needs the shepherd. The evangelist needs the teacher. We need each other because the Church needs all of Jesus.Your Next StepThis is why we've built a Discipleship Pathway around teaching, community, and practice. It's not a shift away from anything. It's a step further in. The goal is simple: deepen your discipleship and develop your gift for the Body.You can't choose your gift. You discern it. Through prayer, practice, and community, you discover where God has empowered you to serve others.So here's the question worth praying over: what's your next step on the pathway? Formation doesn't run through a handful of people at the top. Grace was given to each one of us. Including you.
We know how companies make money - they keep their costs lower than their revenues. But that doesn’t mean shareholders necessarily get wealthier. Scott and Andrew chat about the different ways companies can create wealth for shareholders, including reinvestment, acquisitions, dividends and buybacks.See omnystudio.com/listener for privacy information.
Oliver Simon D'Arcy Hart, professore della Harvard University e premio Nobel per l'economia nel 2016, ha pronunciato la sua lezione dottorale il 30 maggio 2018 nell'Aula absidale di Santa Lucia in occasione del conferimento del Dottorato di ricerca ad honorem in Economics dell'Università di Bologna. Il video completo è disponibile sul canale YouTube di Ateneo: https://youtu.be/lkgjXyKSIbE
How should co-founders divide equity - and what happens to those shares if one person leaves?In Part 1 of my conversation with Phil Hails-Smith, Managing Partner at Joelson, we unpack the ownership decisions that founders building consumer and CPG brands need to make long before an investment round or exit. (This conversation was soo jam-packed with value that we had to split it in to two!)Joelson B Corp is the leading commercial law firm specialising in helping founders of scaling consumer brands. The're the law firm that advised the innocent founders on their landmark sale to Coca-Cola (and still work with them at JamJar Investments today, which tells you something...). They also work with brands like Little Moons, Trip, Eat Natural, Bear Graze and Pulsin, and are always present at every industry event, chatting to everyone, with smiling faces and ready to help. In this episode, Phil shares practical benchmarks rather than vague principles: why a 50:50 co-founder split is relatively unusual, when 60:40 or 70:30 may be more appropriate, how vesting can prevent dead equity, and why both founders may need to be subject to the same provisions. We also explore all the questions you might have around advisor equity, employee option pools, EMI options and the hidden dilution founders can absorb when investors negotiate on a fully diluted basis.What You'll LearnHow to decide between a 50:50, 60:40 or 70:30 co-founder split.Why founder shares may need to vest over three or four years.What “dead equity” means and why future investors dislike it.How much equity an advisor or instrumental early employee might receive.How employee option pools can dilute the founding team during a fundraise.Key Topics DiscussedAssessing each founder's original idea, commitment and financial riskWhy equal equity is not always the fairest structurePlanning for illness, parental leave or a founder leaving the companyGood-leaver and bad-leaver provisionsFounder vesting schedulesPreventing dead equityWhy vesting should generally be balanced between co-foundersUsing AI to create co-founder agreementsWhy AI cannot identify questions founders do not know to askThe risk of US legal assumptions appearing in UK agreementsTypical advisor equity of approximately 1% to 2.5%Why 5% or 7.5% may be excessive for an advisorFounder control at 75%, 50% and 30% ownershipCreating a 15% to 20% employee option poolUnderstanding fully diluted valuationsWho absorbs option-pool dilution during an investment roundEMI options and tax-efficient employee incentivesGiving meaningful equity to instrumental early employeesUseful linkshttps://joelsonlaw.com/https://www.linkedin.com/company/joelson-law/Like this episode?PLEASE share the love by sharing it with another founder building a challenger brand, a colleague or a mate who loves brilliant non-alcoholic drinks, or anyone trying to work out how to build a sharper, more focused growth model.Don't forget to FOLLOW or SUBSCRIBE to Brand Growth Heroes on your favourite podcast app, and even LEAVE A REVIEW - both of these actions make a MASSIVE difference to our mission to help more founders just like you.Join our communityInstagram (https://www.instagram.com/brandgrowthheroes)LinkedIn (https://www.linkedin.com/company/brand-growth-heroes/?viewAsMember=true)Youtube (https://www.youtube.com/brandgrowthheroes)Find out more about the programmes and courses Fiona runs here (https://www.brandgrowthheroes.com/mini-mba-2026)Join the NextGen CPG WhatsApp group for founders leaning in to the value that a leadership approach to engaging with AI can unlock for businesses like yours.*** Thanks to Brand Growth Heroes' podcast sponsor - Joelson, the commercial law firm ***Scaling CPG business also brings legal complexities that can make or break your growth journey - from contracts and regulatory compliance to protecting your intellectual property - that's why we're proud to partner with Joelson, the leading commercial law firm specialising in helping founders of scaling consumer brands.Joelson is offering a FREE LEGAL CONSULTATION to all BGH listeners (mailto:hello@joelsonlaw.com) - we highly recommend you take them up on it!CreditsThanks to our Sound Engineer Gyp Buggane at Ballagroove.com and the entire BGH team
On this week's episode the guys discuss current evemts, the Woke Report with Junior, the stock, and answer the Chimney Oaks Golf Club Mailbag from the Middle!
In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week's episode, we discuss Tesla shareholders potentially starting to wake up, Xpeng targeting the European market, VW going cheaper with its EVs, and more.
The Black Variant returns to talk The Batman - Part II camera test + latest delay. Plus - 12 States, Writers Guild of America, and Shareholders all sue to block the Warner Bros/Paramount takeover, the Death of Magneto in X-Men '97, Rhaenyra takes the throne in House of the Dragon, and more this week on The Black Variant. Tap In!Subscribe to Patreon: https://www.patreon.com/theblackvariantrncFollow The Black Variant on Twitter: twitter.com/BlackVariantRNCFollow Van: twitter.com/1017VanFollow X: twitter.com/XTheExiledFollow Syd: twitter.com/SydSlidePark
If you own a salon company by yourself or even with a partner, it can be lonely at the top. Every major decision comes down to you, including how to exit the company when you're ready to retire or take a different path. Plus, you probably have valuable employees looking for ways to grow and considering striking out on their own. Shareholder programs can be a beautiful way to share risk and decision making, retain talent, and grow the next generation of salon owners. And while they're an established part of Summit systems, they're still relatively rare in the salon industry, and we get lots of questions about them. Our own host Blake Reed Evans is a shareholder and service provider in a large group at Shear Art Salon in Tampa, Florida. Guest Lisa Lipani is the founder and CEO of Carl Michael Salon, with locations in Danvers and North Reading, Massachusetts, and a Summit Salon coach. Lisa opened the company in 2006, and now runs it as part of a shareholder group of six. In this episode, Lisa and Blake answer questions including: Are shareholders owners? Why start a shareholder program and how do you know when it's the right time? What characteristics in a staff member make for a good potential shareholder? How do you train and oboard new shareholders? How do shareholders make difficult decisions in a salon company? What mistakes have other salon owners made along the way? More questions? Get in touch with Lisa Lipani at llipani@summitsalon.com. Follow Summit Salon Business Center on Instagram @SummitSalon, and on TikTok at SummitSalon. SUMM IT UP is now on YouTube! Watch extended cuts of our interviews at www.youtube.com/@summitunlockedFind host Blake Reed Evans on Instagram @BlakeReedEvans and on TikTok at blakereedevans. His DM's are always open! You can email Blake at bevans@summitsalon.com. Visit us at SummitSalon.com to connect with others in the industry. SUMM IT UP is produced and edited by Andrea Muraskin. The executive producer is Tim Fisk.
Small Cap Breaking News You Can't Miss!Here's a quick rundown of the latest updates from standout small-cap companies making big moves today:Nextech3D.ai (CSE: NTAR) (OTCQB: NEXCF) (FSE: EP2)Nextech3D.ai launched KraftyLab Intelligence, an AI-powered workforce intelligence and employee engagement platform, and has begun an enterprise pilot program with select organizations. The company is targeting a workforce engagement software market projected to reach roughly 4.47 billion dollars by 2034, with commercialization planned for the third quarter of 2026. For investors, it marks an expansion beyond its existing enterprise customer base into a fast-growing software category.Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (FSE: IVV1)Power Metallic reported new Lion zone drill results, including 36.42 metres of 2.83 percent copper-equivalent, with a high-grade core of 6.00 metres at 12.38 percent copper-equivalent. These assays complete the drilling that feeds the company's maiden Mineral Resource Estimate, expected at the end of July, which will underpin a Preliminary Economic Assessment. Shareholders also approved measures positioning the company for a potential U.S. national exchange listing.NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (FSE: 5E50)NevGold delivered its maiden gold-antimony resource at the Limo Butte project in Nevada, outlining 29,600 tonnes of measured and indicated antimony plus 181,400 ounces of measured and indicated gold and roughly 1.2 million ounces of inferred gold. Management positions it as one of the largest strategic antimony-gold resources in the United States, with both metals starting at surface. A 20,000 metre drill program is underway to expand the resource in 2026.Aztec Minerals Corp. (TSXV: AZT) (OTCQB: AZZTF)Aztec drilled 155.4 metres averaging 1.63 grams per tonne gold-equivalent (1.08 g/t gold and 30.23 g/t silver) at its Tombstone project in Arizona, within a broader 198.1 metre intersection from surface. The results extend the oxide gold-silver zone more than 85 metres deeper, more than doubling the previously demonstrated depth in that part of the Contention area. The near-surface, bulk-tonnage mineralization remains open in all directions.Salazar Resources Limited (TSXV: SRL) (OTCQB: SRLZF) (FSE: CCG)Salazar reported a sharply higher after-tax net present value of 573 million dollars for the Curipamba-El Domo project in Ecuador, a 121 percent increase over the 2021 feasibility study, alongside a 45 percent after-tax internal rate of return. Construction is fully funded and first commercial concentrates are expected in mid-2027, with Salazar holding a fully carried 25 percent interest that requires no further development funding. Measured and indicated resources rose 27 percent and reserves grew 10 percent.Bottom Line: Today's headlines span AI-driven workforce software, high-grade polymetallic and gold-silver drilling, a strategic U.S. antimony-gold resource, and a major project economics upgrade, underscoring that small caps are delivering real results across both technology and critical minerals.Stay ahead of the market — follow AGORACOM for more breaking small-cap news and insights.
On this week's episode of the Shareholders the guys discuss current events, the Woke Report with Junior, the stock, and take the Chimney Oaks Golf Club Mailbag from the MIddle!
Happy 250th! The bulls are bubbling up! Yentervention – it is a thing. Labor market predictions. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - 250 Years! - We have the scorecard - Bulls are on the loose! - Kevin Hassett - what a putz - RAM JOB! Markets - Google's first day in the DJIA - a good one - SpaceX bonds already losing -Yen slips to 1986 levels - Yentervention? WHAT A PUTZ! - Trump Accounts launch July 4, with the NYSE and Nasdaq set to ring the opening bell from the Oval Office. - Program gives a $1,000 Treasury-funded investment account to U.S. children born from January 1, 2025 through December 31, 2028. - Kids under 18 can have accounts, but only newborns in that four-year window get the federal seed money. - Parents, family, employers, nonprofits, and governments can add money, with a general $5,000 annual contribution cap. - Money is invested in index funds and generally locked up until the child reaches adulthood. - Kevin Hassett pitched it as a way to teach kids about markets, ownership, saving, and compounding. His argument is that the more young people get exposed to investing early, and market ownership becomes less of an upper-income club. - However - > the government is handing out taxpayer-funded brokerage seed money while selling it as capitalism. - Also odd: the benefit may skew toward families who already know how to file forms, open accounts, and add more money. - So basically it is a forced financial-literacy experiment wrapped in a political brand name, with a socialist starter check to teach capitalism. First-Half Winners and Losers - S&P 500 finished the first half up roughly 7% to 8%, with the rally led by AI hardware, chips, memory, and data-center infrastructure. - Biggest winners were the shovel sellers: Sandisk up about 780%, Micron up about 296%, Western Digital up about 240%, Seagate up about 226%. - Overseas AI hardware ripped too: South Korea's Kospi up 123%, helped by Samsung up 169% and SK Hynix up 303%. - Semiconductor ETFs had a monster Q2: iShares Semiconductor ETF up 86.8%, VanEck Semiconductor ETF up 64.8%. - Japan's Nikkei rose about 38%; FTSE 100 gained about 5.8%. - Losers were the software/platform names that could not prove immediate AI payoff. - Microsoft was down about 24% despite being one of the biggest AI spenders. - Momentum stocks had one of their worst stretches in two decades as the Magnificent Seven slipped on capex worries. - Crypto and gold also lagged the AI-infrastructure trade. - Equity BULLS are running like it was San Fermin, Spain... MORE.... - Gold biggest quarterly loss since 2013 - Japan best quarter ever - Oil starts and ends - Kospi best quarter in 30 years - Stoxx 600 best Q in 5 years Something is going to break! - When Micro announced earnings, and we see that companies are panicking (News about existential threat to smaller tech players).. We said something is going to break - MU shares lifted to ATH on the news - big big beat - Micron's latest quarter showed a dramatic acceleration from the year-ago period, with revenue rising from $9,301 to $41,460 and EPS increasing from $1.91 to $25.11. - HUGE uptick in guidance - Apple increased pricing, Dell is increasing prices next week (17%), Microsoft raised price on XBox, HP across the board increase, Lenovo/Xiaomi increases, - NOW: Apple is lobbying the Trump administration for clearance to buy memory chips from China's ChangXin Memory Technologies Korea Goes All-In On AI Memory - Samsung and SK Hynix are backing a huge South Korea chip buildout tied to AI memory, HBM, advanced DRAM, packaging and data centers. - Samsung's plan includes hundreds of trillions of won for new fabs, including HBM facilities in Cheonan and Onyang. - SK Hynix is expanding Yongin and planning a major new chip base as it rides demand from Nvidia-linked HBM supply. - Government angle: Seoul wants domestic chip capacity treated like national infrastructure, not just corporate capex. - The state is trying to lock in supply-chain control before China, Taiwan, Japan and the U.S. pull more production into their own subsidy zones. - Market wrinkle: AI memory is hot now, but memory companies have a long history of overbuilding into strong pricing cycles. - Governments are no longer just subsidizing chips — they are helping plan semiconductor cities. RAM Job? - Samsung, SK hynix, and Micron were hit with a U.S. antitrust class-action lawsuit over alleged DRAM price fixing. - Allegation: the big three coordinated supply cuts while shifting capacity away from regular DDR3/DDR4 memory and into high-bandwidth memory for AI servers. - Plaintiffs say the three companies control roughly 90% of the DRAM market. - Conventional DRAM prices allegedly jumped about 700% over four years. - Complaint argues that in a normal commodity market, at least one supplier would usually increase production when prices spike. - Instead, the lawsuit says all three moved in the same direction at the same time. DRAM: We Have Seen This Movie Before - Yes, there was a similar DRAM price-fixing scandal in the 2000s. - DOJ investigation covered alleged DRAM price fixing from roughly 1998 through 2002. - Hynix pleaded guilty in 2005 and agreed to pay a $185 million criminal fine. - Samsung pleaded guilty in 2005 and agreed to pay a $300 million criminal fine. - Infineon pleaded guilty earlier, in 2004, and agreed to pay a $160 million fine. - Micron was involved in the investigation but received amnesty/cooperation treatment rather than the same criminal fine path. - Several executives were also charged or pleaded guilty. - State AGs and private plaintiffs later pursued civil cases tied to overpayment claims. - Difference now: the new case is not yet proven and appears focused on alleged coordinated supply restriction during the AI/HBM boom. Chevron and Microsoft - Chevron Corp signed 20-year deal with Microsoft for data center power. - Agreement supplies natural-gas fired generation for massive West Texas facility. - Project Kilby expected online 2028, ramping to 2.67 gigawatts. - Full output enough to power more than 530,000 Texas homes. - Chevron partnering Engine No. 1, final investment decision planned later. - Deal follows prior reports of exclusive long-term power negotiations. More Oil News - Drill baby Drill - Interior Department cutting federal drilling bonds by 95% to spur exploration. - Required bond drops from $500,000 to $25,000 for leases. - Bonds ensure cleanup costs don't fall on taxpayers if wells abandoned. - Policy change aims to encourage more oil and gas development. - Proposal subject to 60-day public comment after Federal Register publication. Dow 52,000 and the Tech Bounce - Dow closed above 52,000 for the first time Monday, finishing at 52,182.74. - S&P 500 gained 1.18%; Nasdaq jumped 2.07%. - S&P and Nasdaq snapped five-session losing streaks. - Alphabet rose 4.8% on its first day as a Dow component. - Tesla gained 8.5%; SpaceX rose more than 7%. - The bounce came after last week's tech selloff, with investors rotating back into mega-cap and AI names. Comcast Breaks Itself Up - Comcast plans to split media and connectivity into two separate companies. - NBCUniversal and Sky would be spun off in a tax-free deal; Comcast keeps broadband, wireless, and cable. - Completion expected within a year. - Shareholders would own both Comcast and the new NBCUniversal. - Comcast shares rose on the news; Charter also jumped as investors speculated Comcast could eventually pursue a broadband-scale deal. AI Trade Gets a Warning Label - Bank for International Settlements flagged the AI boom as a financial-stability risk. - The main concerns: elevated valuations, investor complacency, complex funding structures, and debt financing across the AI supply chain. - BIS also warned that record public debt and leveraged hedge-fund activity in sovereign bonds could amplify shocks. - Quote from BIS General Manager Pablo Hernandez de Cos: "Policy actions must reinforce each other." - The interesting part: central bankers are not saying AI is fake; they are saying the financing stack may be fragile. Inflation Back Above 4% - BEA's PCE price index rose 4.1% year over year in May. - April was 3.8%; March was 3.5%; February was 2.9%. - This keeps pressure on the Fed because PCE is the Fed's preferred inflation gauge. - Core PCE may later be revised lower because of BEA methodology changes. - Goldman estimated May core PCE could be trimmed to 3.2% from 3.4%; JPMorgan expected 3.3%. - Funny-but-real detail: part of the potential revision comes from how BEA prices portfolio management, legal services, and computer software. Jobs Report Becomes Bad-News-Is-Bad-News - June payrolls are due Thursday because markets are closed Friday for Independence Day. - The setup is awkward: strong jobs could mean stronger economy, but also higher odds of Fed hikes. - Looking back - May payrolls were hot at 172,000 versus an 85,000 forecast, with unemployment steady at 4.3%. - Remember - after the June Fed meeting, policymakers were clearly focused on inflation, not rescue cuts. Oil, Iran, and the Market's New Weird Routine - Oil stayed volatile around renewed U.S.-Iran tensions and peace-talk headlines. - Brent rose 1.6% Monday to $73.15; WTI rose 2.2% to $70.75. - Markets rallied anyway, helped by signs talks would resume and shipping routes were stabilizing. - The odd market behavior: geopolitical escalation keeps getting followed by de-escalation headlines and risk-on rallies. - This is now part of the trading pattern: weekend war scare, Monday relief rally, repeat. --- New attacks by USA on Iran happened at approx 4:30PM on Friday (markets closed) and then a halt to the fighting on Sunday - before the futures opened. Odd : Wendy's Becomes a Meme Stock - Wendy's became the latest retail-trader short-squeeze target. - Stock surged 25% last Wednesday, then gained another 9% Thursday. - Barron's said the move followed a CFO shakeup and WallStreetBets attention. - New CFO Steve Cirulis came from Potbelly and is also taking the Chief Strategy Officer title. - Wendy's had fallen 47% over the past year before the rally. - Short interest was nearly 30% of the public float, making the stock easier to squeeze. - Trian, Nelson Peltz's firm, owned nearly 15 million shares valued around $93 million. SpaceX Bonds Slip After Big Debut - SpaceX sold $25 billion of investment-grade bonds, its first major public debt deal. - Demand was huge, with roughly $85 billion to $98 billion of orders. - The 10-year tranche priced about 1.4 percentage points over Treasurys. - Bonds weakened quickly after pricing. - The 10-year yield rose near 6%, with the spread moving above 1.6 percentage points. - Longer-dated 2046 and 2056 bonds took the most pressure. - The pushback: bond buyers want more yield for a company still funding rockets, Starlink, AI/data-center spending, and Mars ambitions. - Clean read: equity investors bought the story; bond investors immediately marked it down. Yentervention - Yen weakened again, pushing toward the 162-per-dollar zone and near its weakest level in about 40 years. - Japan keeps warning it is ready for "decisive action" or to respond "at any time." - Market does not seem scared for long. - Japan already spent heavily defending the yen, including a roughly $73 billion yen-buying operation after the currency broke past 160. - U.S. rates are still high, the Fed is not rushing to cut, and the Bank of Japan is still moving slowly. - That keeps the carry trade alive: borrow cheap yen, buy higher-yielding dollars. - Japan's foreign reserves fell 5.6% in May after intervention, showing the defense is expensive. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env: 'production', hosted_button_id: 'JJJHP2GDEJC7J', image: { src: 'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt: 'Donate with PayPal button', title: 'PayPal - The safer, easier way to pay online!' } }).render('#donate-button-2'); THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt! FED AND CRYPTO LIMERICKS See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter
On this week's episode of the Shareholders the guys discuss current events, the Woke Report with Junior, and talk about the stock!
Three JSE stories opened the week, and one theme cut through all of them: cash. Anglo Gold Ashanti confirmed a shareholder vote on a $2 billion share buyback, sending the stock up nearly 9%. Eskom's credit rating was upgraded by Fitch — not on its own merits, but on the back of South Africa's sovereign upgrade, with its standalone profile still deep in junk territory. Matengu flagged the sale of its Blue Ridge Platinum stake for R50 million, tidying the books ahead of a bigger deal. Then the weekend rewrote the macro: a US-Iran ceasefire pushed oil down and put gold bulls on notice.
This episode features CII General Counsel Jeff Mahoney covering the top 10 important events affecting institutional investors from April 30 to May 28, 2026. Some of the topics addressed include: CII's letter to the PCAOB on its 2026-2030 strategic plan, shareholders voting against say-on-pay proposals, and the SEC's proposed reductions to public companies' reporting requirements.
On this week's episode of the Shareholders the guys discuss current events, like the state of Califorina still counting votes. The Woke Report with Junior, the stock, and take the Chimney Oaks Golf Club Mailbag from the Middle!
We discuss last weekend's Clash In Italy PLE plus all the fallout from there. We also discuss an update in the Shareholders lawsuit, BOSJ Final, and so much more!Follow us on Facebook: https://www.facebook.com/NoSpotsPodFollow us on Twitter: @TruNoSpotsPodSubscribe to our YouTube channel: https://www.youtube.com/channel/UCHGYRJVH8MB90IPcxKVY6Yg/Follow Us On Twitch: https://twitch.tv/trunospotspodLeave us questions/comments here: https://anchor.fm/no-spots-podcast/messageFollow us On Kick: https://kick.com/TruNoSpotsPodFollow us on TikTok: https://www.tiktok.com/@trunospotspod?is_from_webapp=1&sender_device=pcIWC World Wrestling Podcast Episode feat. Champ: https://www.youtube.com/live/yiwiE3S5De4?si=PB97yrNeKbgb8_0e
John Pollock and Brandon Thurston present a primer and breakdown of the WWE shareholder lawsuit, which goes to trial next week in the Delaware Court of Chancery. Plus: NXT's Great American Bash goes head-to-head with Forbidden Door, Nick Khan speaks at a SBJ conference, George Barrios has released a book, and there will be no more UFC pay-per-views in Canada next year. 00:00:00 Start00:03:29 WWE shareholder trial begins on Monday00:08:31 An overview of the entire lawsuit 01:04:55 Coverage of the trial next week01:08:18 NXT Great American airing against Forbidden Door01:13:11 Nick Khan on fan criticism, work advice 01:22:47 George Barrios discusses WWE's relationship with Saudi Arabia 01:32:25 UFC pay-per-views in Canada moving to Paramount+Music courtesy: “Panic Beat” by Ben TramerPOST WrestlingSubscribe: https://postwrestling.com/subscribePatreon: http://postwrestlingcafe.comForum: https://forum.postwrestling.comDiscord: https://discord.com/invite/Q795HhRTwitter/Facebook/Instagram/YouTube: @POSTwrestlingBluesky: https://bsky.app/profile/postwrestling.comWrestlenomicsSubscribe: https://wrestlenomics.com/podcast/Patreon: https://patreon.com/wrestlenomicsSubstack: https://wrestlenomics.substack.com/Twitter/Facebook/Instagram/YouTube: @WrestlenomicsBluesky: https://bsky.app/profile/wrestlenomics.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
John Pollock and Brandon Thurston present a primer and breakdown of the WWE shareholder lawsuit, which goes to trial next week in the Delaware Court of Chancery.VIDEO VERSION: https://www.youtube.com/watch?v=ZYxSRY_da5wPlus: NXT's Great American Bash goes head-to-head with Forbidden Door, Nick Khan speaks at a SBJ conference, George Barrios has released a book, and there will be no more UFC pay-per-views in Canada next year. Topics this week include:Explaining the WWE shareholder trial, which begins MondayShareholders seeking nine figures in damages NXT Great American Bash airing head-to-head with AEW Forbidden DoorNick Khan's SBJ-CAA interview George Barrios releases a new book, defends decision to go to Saudi Arabia UFC is moving its pay-per-view main cards to Paramount+ in Canada Music courtesy: “Panic Beat” by Ben TramerPOST WrestlingSubscribe: https://postwrestling.com/subscribePatreon: http://postwrestlingcafe.comForum: https://forum.postwrestling.comDiscord: https://discord.com/invite/Q795HhRTwitter/Facebook/Instagram/YouTube: @POSTwrestlingBluesky: https://bsky.app/profile/postwrestling.comWrestlenomicsSubscribe: https://wrestlenomics.com/podcast/Patreon: https://patreon.com/wrestlenomicsSubstack: https://wrestlenomics.substack.com/Twitter/Facebook/Instagram/YouTube: @WrestlenomicsBluesky: https://bsky.app/profile/wrestlenomics.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
On this week's episode of the Shareholders the guys discuss current events, the Woke Report with Junior, the stock, and take The chimney Oaks Golf Club mailbag from the Middle!
This week in Vegas history: June 4, 2020, Nevada casinos reopened after the COVID-19 shutdown. After more than two months closed, casinos across Las Vegas began reopening, including properties on the Strip, downtown, and around the valley. The D and Golden Gate reopened at 12:01 a.m., while other properties followed later that day. NEWS: Fertitta Entertainment is buying Caesars Entertainment in a deal valued at $17.6 billion, including about $11.9 billion in assumed debt. The deal would take Caesars private. Shareholders would receive $31 per share, which Reuters describes as nearly a 50% premium to Caesars' stock price before the deal was first reported in February. Tilman Fertitta's company already owns Golden Nugget casinos, the Houston Rockets, and a large restaurant/hospitality portfolio, including brands like Rainforest Café and Bubba Gump Shrimp. Caesars has been under pressure from softer Las Vegas visitation and growing competition in online betting, where rivals like FanDuel and DraftKings are stronger. Caesars' current leadership is expected to stay, including CEO Tom Reeg and CFO Bret Yunker. The deal includes a “go-shop” period through July 11, meaning Caesars can still consider competing offers. If completed, the acquisition would give Fertitta a much larger casino footprint: Caesars controls more than 50 casinos across North America, including Caesars Palace, Harrah's, and Eldorado, plus retail and online sports betting. The article notes the deal could face regulatory scrutiny because of the size and scope of the combined gaming/hospitality business. Vital Vegas reports that a private grand opening party for the newly rebranded Vanderpump Hotel will be held on June 11. The Heart Attack Grill closed abruptly on May 18. The property posted a passive aggressive rant on their door, stating that the closure was due to casinos pricing out average Americans. EDC goes to two weekends next year The plan was billed as a way to reduce crowds by spreading them out over two weekends, lol The first of those weekends, “EDC Dusk,” will roll out from May 14-16. The second, “EDC Dawn,” is set for May 21-23, while the full “Dusk Till Dawn Experience” will party from May 13-24. Johnny Kats is reporting that a new magic-based show “Now You See Me Live” will be moving into the David Copperfield theater at MGM Grand. Soul Belly BBQ, has opened a new location in the Miracle Mile shops. New Mirage bar at MGM Grand pool. A user on reddit posted photos of signs at the MGM Grand pool area, directing patrons to a new “Mirage Bar,” complete with the former strip property's iconic palm trees logo. A look at the pool complex map on the MGM Grand website confirms the change. The site was formerly called the “Splash Bar” and is located between the “Splash Pool” and “Reserve Pool.” MGM Resorts has retained the rights to the Mirage name after selling the Mirage resort site to Hard Rock International. Tailgate Social, Mandalay Bay's answer to Stadium Swim at Circa downtown, officially opened on May 16. Snoop Dogg performed at the opening The 50,000-square-foot venue features more than 125 feet of LED screens, three heated pools, 25 luxury cabanas, and two premium bungalows The Clark County commission will be voting to extend the annual Las Vegas Grand Prix, potentially through 2037. Nellie's Southern Kitchen Closing: The Jonas family restaurant near MGM Grand closed after May 25 service, reducing Southern comfort food options on the Strip. Drink Las Vegas, a culinary and cocktail festival, will run from Sept. 24 through 27 at four MGM Resorts properties: Aria, Bellagio, The Cosmopolitan, Park MGM. “Drink Las Vegas” will incorporate an opening party, panels and seminars, food and cocktail tastings, lunches, dinners and other experiences at more than 30 venues inside the properties. The event recently announced the chefs, restaurateurs, mixologists, sommeliers and other hospitality professionals who are participating. Virgin Hotels Las Vegas is reporting its strongest casino performance since reopening in 2021. The property has adjusted its focus to Las Vegas residents first-quarter 2026 data showed slot revenue up nearly 30 percent, coin-in up 10 percent, and table games revenue up 88 percent compared to the same period in 2025. Tony: Vital Vegas reports the Luxor is getting a new atrium light show. No word on when the show will debut. The Vegas Golden Knights swept the Colorado Avalanche in round 3 of the Stanley Cup Playoffs This is the third time the team has become the Western Conference champions in their 9-year history Though the Eastern Conference champions are still undecided at the time of recording, it's likely that the Golden Knights will face the Carolina Hurricanes in their bid for another Stanley Cup win. Oceans 11 returning to theaters Ocean's Eleven is returning to theaters nationwide on June 21 and June 24, 2026, for a special 25th-anniversary re-release as part of Fathom Entertainment's Big Screen Classics series. The film is being screened in crisp 4K and features an exclusive introduction by film historian Leonard Maltin. Review: “The Jiggle Room” at Cheapshot on Fremont East Tickets are $20-$30 at thejiggleroom.com Vegas: Icons & Legends is available to purchase on amazon.com. Neon Lounge Merch! Where to find us: Keren: @360VegasKeren Tony: @360VegasTony Josh: @360VegasJaydubs Neon Lounge Socials: Discord (360 Vegas Server) Xitter Facebook YouTube Reddit neonloungepodcast@gmail.com (702) 900-7964
This Day in Legal History: Rhode Island Ratifies the Constitution, 1790On this day in 1790, Rhode Island became the thirteenth and final original state to ratify the United States Constitution, doing so by a margin of 34 to 32 at a convention in Newport. Rhode Island's hesitation had been considerable: the state refused to send delegates to the Philadelphia Convention in 1787, and twice rejected ratification in popular referenda — a curiously democratic method for refusing to join a constitutional union founded in part on the premise that pure direct democracy is dangerous. The state's small-farmer and debtor classes, the same constituencies that had backed the paper-money policies that horrified Madison, were deeply suspicious of a strong federal government that would constrain state-issued currency, ban impairment of debt contracts (Article I, Section 10), and override state-level debtor protections.Ratification finally came under the gun: Congress, frustrated by the foot-dragging, was openly threatening to treat Rhode Island as a foreign nation for tariff purposes, which would have devastated the Providence merchants. The convention's narrow margin reflected a hostile deal more than a meeting of constitutional minds.Importantly, Rhode Island's ratification was conditioned on a lengthy list of proposed amendments — many of them mirroring the Bill of Rights that James Madison had already shepherded through Congress in September 1789 and that would be ratified in December 1791. With Rhode Island in, the original Union was at last complete, and the practical question of whether the new federal government could function with one stubborn holdout fell away. The episode is a useful reminder that the constitutional founding was not so much a singular moment as a slow, contested, occasionally coerced bargain — one that ended in Newport on a humid Saturday in May.The U.S. Supreme Court on Thursday handed down a narrow 5-4 ruling in Pitchford v. Cain, reviving a Mississippi death row inmate's challenge to the prosecutor's race-based use of peremptory strikes at his 2006 capital trial. Justice Kavanaugh, writing for a majority that included Chief Justice Roberts plus Justices Sotomayor, Kagan, and Jackson, held that the Mississippi Supreme Court unreasonably applied Batson v. Kentucky's three-step framework for challenges to peremptory strikes.The Court found the trial judge accepted the prosecutor's race-neutral explanations without giving defense counsel a meaningful opportunity to argue that those reasons were pretextual, and the state appellate court compounded the error by treating that omission as a waiver. The prosecutor, Doug Evans, used four of his twelve strikes to remove four of the five Black prospective jurors, leaving a jury of eleven white jurors and one Black juror in a Mississippi county that was then roughly 40 percent Black.The Court leaned heavily on its 2019 Flowers v. Mississippi decision, which involved the same prosecutor and the same trial judge and had already found Evans's pattern of striking Black jurors discriminatory. Federal habeas relief was appropriate because the Antiterrorism and Effective Death Penalty Act's deferential “no fair-minded jurist could agree” standard cannot rescue a state-court ruling that simply skips Batson's third step. Justice Gorsuch dissented, joined by Justices Alito, Thomas, and Barrett, arguing the record showed counsel chose silence rather than being denied an opportunity. The case now returns to the Fifth Circuit for further proceedings.Justices Revive Mississippi Death Row Inmate's Batson Claim | Law360Caesars Entertainment agreed Thursday to be acquired by Tilman Fertitta's privately-held Fertitta Entertainment in an all-cash deal valued at roughly $17.6 billion, including the assumption of approximately $11.9 billion of Caesars' outstanding debt. Shareholders will receive $31 per share, a 49 percent premium over Caesars' unaffected share price as of February 25, and the company will be delisted from Nasdaq upon closing. The agreement includes a go-shop period running through approximately July 11 — a Delaware deal-protection mechanism that lets the target board solicit competing bids without triggering a termination fee, and that helps insulate the sale process from a Revlon-flavored fiduciary-duty challenge by signaling the board actively tested the market after signing.Latham & Watkins and Skadden are representing Caesars (the latter on antitrust), White & Case is advising Fertitta, and Freshfields is counseling the Carano family, which holds a roughly 5 percent stake and will roll part of its equity into the combined entity. The combined company would control more than 60 casino resorts and over 200 retail sports betting locations under the William Hill brand. Antitrust review will be the inflection point given the overlap on the Las Vegas Strip — where Caesars operates eight properties — and across digital betting. Funding will come from Fertitta equity and committed debt financing arranged by a syndicate of ten banks.4 Firms Steer Fertitta's $17.6B Caesars Entertainment Buy | Law360The Department of Health and Human Services on Thursday finalized a long-awaited overhaul of the federal Independent Dispute Resolution process under the No Surprises Act of 2021, the statute that pulls most out-of-network billing fights out of the patient's hands and into a baseball-style arbitration between provider and payer. The headline change slashes the per-party administrative fee from $115 to $15 per case, undoing a sharp 2023 hike that providers had successfully challenged in the Eastern District of Texas as having been adopted without notice-and-comment rulemaking under the Administrative Procedure Act.The rule also expands batching, so economically similar items and services can be bundled into a single arbitration, which the agency says will cut transaction costs and ease the chronic IDR backlog. HHS is also rolling out a centralized federal dispute portal and a payer registry intended to fix the persistent problem of providers being unable to identify which entity is actually on the hook in any given case. Reactions from physician and radiology groups have been mixed, with broad support for the fee cut but lingering concern that the qualifying payment amount methodology — the benchmark arbitrators must consider — still tilts the field toward insurers. APA Section 706 challenges to portions of the earlier IDR framework remain pending in the Fifth Circuit.US HHS finalizes rule to streamline dispute resolution under No Surprises Act | ReutersABC's New York affiliate WABC-TV filed an objection with the FCC on Thursday, calling Chairman Brendan Carr's April order requiring early license renewals for all eight ABC-owned stations an “unconstitutional” act of viewpoint-based retaliation barred by the First Amendment. WABC submitted its renewal under protest, arguing the agency has not demanded simultaneous early renewals from a commonly owned station group in more than fifty years and that the Media Bureau's stated rationale — possible violations of the Communications Act of 1934 and the FCC's nondiscrimination rules — is pretext for punishing disfavored editorial speech.The doctrinal hook is the Bantam Books line of cases through last term's NRA v. Vullo, which holds that government officials cannot use the implicit threat of regulatory sanction to coerce private intermediaries into suppressing protected expression. The order followed a separate FCC inquiry into whether “The View” has been violating the agency's equal-time rule for political candidates, and came against the backdrop of repeated White House demands that Disney fire Jimmy Kimmel. Democratic Commissioner Anna Gomez has openly urged Disney not to “flinch.”On the same day, the FCC issued a broader notice warning all broadcasters that licenses could be reviewed early if stations are deemed to be failing their statutory public-interest obligation — a posture that drops the question of broadcast licensing back into Red Lion-era First Amendment territory.FCC Targeting ABC Licenses To Punish Speech, Station Says | Law360 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
With Luis De Guzman. We discuss some news surrounding the World Cup and some other news surrounding the Coliseum deal. (Some of our speculation is, incredibly, potentially already out of date, but that’s not about to stop us.) We also praise the Roots’ performance against Orange County, and ask what is needed for the record … More RootsPod Episode 114: A Fiduciary Obligation to Their Shareholders
In this episode, we're joined by Eric Ries, creator of The Lean Startup, to discuss insights from his latest book, Incorruptible: Why Good Companies Go Bad… and How Great Companies Stay Great. Eric shares what inspired him to write the book and why we need to move beyond and redefine what true profit looks like. He shares the history behind businesses transitioning from serving public interests to shareholder primacy and why leaving behind a people-first business approach can actually reduce profitability. Additionally, Eric discusses financial gravity, the “harder is easier” principle, and how these practices connect to AI & current engineering leadership challenges. ABOUT ERIC RIES Over the last two decades, Eric Ries's ideas about continuous innovation, long-term thinking, governance, and market reform have reshaped company building and management practices. He is the creator of the Lean Startup method, and the author of the New York Times bestseller The Lean Startup; The Leader's Guide; and The Startup Way. As a founder, he has put his own ideas into practice with The Long-Term Stock Exchange (LTSE); Answer.AI, an AI R&D lab; Virgil, a legal services startup; and IMVU. On The Eric Ries Show, he talks with world-class technologists, thought leaders, and executives building for the long-term. He lives in the San Francisco Bay Area with his wife and three children. Unblocked: The context engine your coding agents are missing. Give your coding agents the context your best engineers have. Your agents can read code, but they don't know how your team works. Rules and MCPs give access to information but not understanding. That's why you still have to tell them where to look and what to look for. Unblocked gives your agents the history, conventions, and decisions behind your code so they generate mergeable output without the back and forth. It automatically surfaces the right context for every task, so agents stay on track without the set up tax or the correction loops. getunblocked.com/elc SHOW NOTES: The inspiration behind Eric's new book Incorruptible (5:22) What it means to redefine profit (8:03) Understanding profit considerations like externality, ethics, and inputs (10:44) Why human life / value can never be an input factor of production (12:31) The history behind business practices benefitting the public (15:00) When businesses transitioned to shareholder primacy over public interest (17:16) Navigating the tension between mission vs. fiduciary responsibility (21:01) The role of financial gravity & shareholder primacy in the Silicon Valley bank story (25:04) Using Eric's book to build a mission-driven roadmap (29:12) How committing to a principled way of business can drive profitability (31:15) An example of the principle “harder is easier” (33:40) How this connects to AI & emerging eng leadership challenges (36:53) LINKS AND RESOURCES Incorruptible: Why Good Companies Go Bad and How Great Companies Stay Great - Drawing on two decades of work with founders, CEOs, and investors, best-selling author Eric Ries reveals the forces that make companies vulnerable to destruction from within and without. Then he offers solutions that safeguard against them for the long-term. Incorruptible is the blueprint for companies that will prosper and endure without losing their soul. Its lessons and tools are designed to help founders, executives, investors, and citizens of all kinds build organizations – and a society – truly aligned with human flourishing. https://news.theleanstartup.com/ - Eric's newsletter with ideas about how and why to build companies focused on human flourishing — and stories of the people who are doing it. The Eric Ries Show - Founder, entrepreneur, and best-selling author of The Lean Startup Eric Ries discusses how to build profitable companies for the long-term benefit of society. Ries talks with world-class technologists, thought leaders, executives, and others working to create a new ecosystem of trustworthy organizations with limitless potential for growth and a deep commitment to purpose. Together, they uncover the tools and methods to ensure the next generation of companies are designed to maximize human flourishing for generations. This episode wouldn't have been possible without the help of our incredible production team: Patrick Gallagher - Producer & Co-Host Jerry Li - Co-Host Noah Olberding - Associate Producer, Audio & Video Editor https://www.linkedin.com/in/noah-olberding/ Dan Overheim - Audio Engineer, Dan's also an avid 3D printer - https://www.bnd3d.com/ Ellie Coggins Angus - Copywriter, Check out her other work at https://elliecoggins.com/about/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
On this week's episode of the Shareholders the guys discuss current events, the Woke Report with Junior, the stock, and take the Chimney Oaks Mailbag From the Middle!
Lord Wolfson, Chief Executive of Next and a Conservative peer, warns Britain is facing a crisis in entry-level employment. Applicants for every shop vacancy at Next have almost doubled from 10 to 19 in just two years — a trend he describes as “indicative of just how big the crisis is in youth unemployment.” Across retail and the wider economy, he says there has been “a dramatic fall in entry-level employment opportunities” as rising National Insurance and National Living Wage costs push up the cost of hiring younger and less experienced workers. UK youth unemployment has now reached 15%.The crisis, he argues, will deepen under the Employment Rights Bill. Restrictions on flexible part-time working mean retailers risk being locked into permanent contracts when offering extra hours at Christmas or during university holidays. The result, Lord Wolfson says, will be fewer opportunities for students and reduced service for customers — consequences, he says, the government never intended. The legislation was “cobbled together very quickly”, he argues, reflecting a broader problem in British politics: governments arriving in office with slogans rather than detailed plans. “Becoming prime minister is not an achievement. Being a great prime minister, that's an achievement.”Lord Wolfson also makes the case that Britain's planning system is the single biggest drag on economic growth. He says an acre of agricultural land worth around £15,000 rises to £1.5 million once planning permission is granted — wealth he argues is being extracted from the economy rather than invested in better homes and infrastructure. His solution is to replace the planning system with principle-based building regulation, allowing development provided it does not damage neighbouring property values or overload local infrastructure.He also argues for pay-per-mile road pricing, warns against government industrial strategy becoming “the referee becoming the player”, and says reopening the Brexit debate would distract from the structural reforms — planning, energy and transport — that could do far more to drive economic growth.Presenter: Simon Jack Producer: Ollie Smith & Olie D'Albertanson02:00 Entry-level jobs crisis and youth unemployment 05:30 Employment Rights Bill and seasonal work 07:00 Shareholders vs workers benefitting from profits 09:56 Brexit and closer ties with Europe 11:02 Planning reform and the cost of development land 13:15 Road pricing and transport policy 15:13 Industrial strategy and government intervention 20:44 AI and the future of jobs 25:37 Winning office vs winning government
On this week's episode of the Shareholders the guys discuss current events, the Woke Report with Junior, the stock, and answer the Chimney Oaks Golf Club Mailbag from the Middle!
Michael Toth highlights how foreign investors utilize litigation finance to gain tax advantages. He advocates for defining legal investments as ordinary income to close loopholes that favor oligarchs and burden shareholders. (4/16)1920 MANNING SC
Listen to an audio version of Brookfield's First Quarter 2026 Letter to Shareholders to learn about the firm's progress across its Alternative Asset Management, Wealth Solutions, and operating businesses. Please read this disclaimer (https://www.brookfield.com/podcast-disclaimer) before listening.
Each week, our panelists discuss their favorite stories from the week's news in legal technology. This week's topics: 00:00 Panelist introductions 3:09 A new open source legal AI tool vibe coded by former Latham & Watkins associate William Chen is causing market excitement, with end users claiming it will change their negotiation strength. (Selected by Caroline Hill) 17:22 The Legal Tech Giants Powering ICE, Part 1 — How Thomson Reuters and LexisNexis Helped Support America's Immigration Surveillance Machine / The Legal Tech Giants Powering ICE, Part 2 — The Pushback: Employees, Shareholders, Lawyers and the Fight Over May 31 (Selected by Bob Ambrogi) 28:17 Google's AI Summary Invents State Ethics Rules… And It's Not A Hallucination Problem (Selected by Joe Patrice) 38:36 Prosecutor suspended by state supreme court for artificial intelligence use in court docs (Selected by Victor Li) 49:31 Rethinking How We Train the Next Generation of Lawyers (Selected by Niki Black)
On this week's episode of the Shareholders the guys talk about current events, the Woke Report with Junior, and the stock!
Merger Blocked by Antitrust Action: JetBlue offered $3.8 billion to acquire Spirit in 2022. Shareholders, unions, and both companies supported the merger. The DOJ and Department of Transportation, urged by Elizabeth Warren and supported by Buttigieg and Biden, sued to stop it. A federal judge blocked the merger in January 2024. Consequences Claimed: Spirit declared bankruptcy and shut down, leading to: ~17,000 direct job losses Estimated 40,000+ indirect jobs affected Loss of service to dozens of smaller cities Reduced airline competition and higher fares on former Spirit routes (examples cited include increases of 15–66%). Critique of Antitrust Reasoning: Speakers argue antitrust law should protect consumers, not competitors. They claim the DOJ incorrectly defined the market as “ultra‑low‑cost airlines” instead of the broader airline market, making Spirit and JetBlue appear dominant when they were actually small players. They assert the decision strengthened the Big Four airlines (American, Delta, United, Southwest), which already control ~75–80% of the market. Rebuttal to Alternative Explanations: Democrats are criticized for blaming Spirit’s failure on fuel price increases or Trump-era policies. The speakers argue fuel price volatility affects all airlines and that Spirit would have been better positioned to withstand it with the merger funds. Internal Democratic Dissent: A Biden White House policy official publicly questioned whether blocking the merger was the right decision, though later softened the statement—used as evidence of internal doubts. Government Bailout Rejected: A proposed $500M government bailout (for 90% ownership) was discussed but rejected. The speakers strongly oppose government ownership of airlines, labeling it socialism and economically incompetent. Broader Ideological Argument: The collapse is framed as an example of government overreach, poor understanding of business, and ideological decision-making harming workers and consumers. The episode is used to argue that free‑market competition—not government control—is essential to lower prices and innovation. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the 47 Morning Update with Ben Ferguson and The Ben Ferguson Show Podcast Wherever You get You're Podcasts. And don't forget to follow the show on Social Media so you never miss a moment! Thanks for Listening YouTube: https://www.youtube.com/@VerdictwithTedCruz/ Facebook: https://www.facebook.com/verdictwithtedcruz X: https://x.com/tedcruz X: https://x.com/benfergusonshowYouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.
Target Market Insights: Multifamily Real Estate Marketing Tips
Will Harvey began his real estate career in 2015 as a residential loan officer before transitioning into direct real estate investing. After building a small portfolio of rental houses, he moved toward multifamily investing as both a limited partner and general partner, eventually focusing more on the finance, capital allocation, and deal analysis side of the business. Today, Will leads Harvey Capital and invests across opportunities where he can evaluate risk, structure capital, and identify value. Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here. Key Takeaways Pivot when your investing strategy no longer fits your strengths or goals Use scale to remove yourself from day-to-day tenant management Look for deals with multiple exit options, especially in build-to-rent communities Stay open to overlooked real estate opportunities in both private and public markets Focus on asset classes and strategies that match your skill set, not just what others are doing Topics From Loan Officer to Real Estate Investor Will started in the mortgage business after leaving college and built a strong W-2 income He realized he was earning money but not building long-term wealth Why Will Moved Beyond Single-Family Rentals Will built a small portfolio of three houses in Northern Virginia He realized he did not enjoy dealing directly with tenants Multifamily appealed to him because scale allows investors to hire strong property managers and systems Learning Multifamily Through Podcasts and Relationships Will spent nearly a year listening to podcasts and learning the multifamily space He connected with other investors and got involved in his first multifamily deal in 2019 Finding His Lane in Finance and Capital Allocation Will learned he preferred spreadsheets, capital structure, and finance over operations He began investing more as an LP and using income from other real estate activities to invest into multifamily Using a Friends and Family Fund Will started a small friends and family fund and invested as an LP into several deals One example was a 95-unit build-to-rent townhome community with individually parceled units and multiple exit options Build-to-Rent and Exit Optionality Will likes deals where investors can sell the full portfolio or potentially sell individual units John and Will discuss why multiple exit options can create flexibility depending on the market Finding Real Estate Opportunities in Public Markets Will explains how real estate opportunities can also exist through publicly traded companies and liquidating trusts He shares an example involving JCPenney's bankruptcy, where real estate assets were separated into a liquidating trust Why Multifamily Still Stands Out Will notes that multifamily remains one of the strongest asset classes he has invested in He points to the simple fact that people always need a place to live and sleep
On this week's episode of the Shareholders the guys discuss current events, The Woke Report with Junior, the stock, and take the Chimney Oaks Mailbag from the Middle!
This week on PREVIOUSLY ON…Jason and Rosie are talking about the latest trailers from The Mandalorian & Grogu, Clayface, Spider-Noir, and more. They talk about the WBD shareholder vote to greenlight the Paramount buyout, and the rejection of Zaslav’s golden parachute deal of nearly $1bil. The Superman: Man of Tomorrow movie begins filming and casts Adria Arjona, and it turns out Rings of Power season 3 will be coming in 2026, this year! not 2027 as widely speculated. Follow Jason: IG & Bluesky Follow Rosie: IG & Letterboxd Follow X-Ray Vision on Instagram Join the X-Ray Vision DiscordSee omnystudio.com/listener for privacy information.
Welcome back to The Kristian Harloff Show, your go-to destination for the latest movie news, TV updates, and deep dives into the biggest stories in entertainment. Today's episode is packed with major headlines across DC, Star Wars, Marvel, and more—so if you're a fan of blockbuster films and franchise breakdowns, you're in the right place. We kick things off with a surprising and controversial story surrounding Man of Tomorrow, as production at an Atlanta prison reportedly caused unrest among inmates. What exactly happened behind the scenes, and could this impact the film's production or public perception? Kristian breaks down everything we know so far and what it could mean for DC Studios moving forward. Next, legendary producer Jerry Bruckheimer is developing a new animated musical titled Epic Odyssey. This project reportedly originated as a viral TikTok sensation that exploded in popularity—so how does that translate into a full-scale film? We discuss the growing trend of social media concepts turning into major studio productions and whether this one has real potential. Over in a galaxy far, far away, we've got a fascinating update on The Mandalorian and Grogu. The director has revealed an unexpected connection involving Martin Scorsese and themes tied to his film Alien. How does that influence the tone or direction of the Star Wars universe? Kristian dives into what this could mean for the future of the franchise and how it connects to the larger storytelling landscape. Marvel fans won't want to miss this—new details have emerged about Spider-Noir, including episode runtimes and early talk of a possible Season 2. Is this shaping up to be one of the more unique entries in Marvel's growing TV lineup? We break down what to expect and how it fits into the broader superhero content ecosystem. Finally, we react to the international trailer for Masters of the Universe. With new footage and a clearer look at the tone, does this adaptation have what it takes to deliver a true big-screen version of He-Man? Kristian shares his thoughts on the visuals, casting, and whether this could be a breakout hit. If you enjoy movie news, trailer reactions, and expert analysis on everything from DC Studios to Star Wars and Marvel, make sure to subscribe and join the conversation. Drop your thoughts in the comments—what story are you most excited about today? #KristianHarloffShow #MovieNews #DCStudios #StarWars #Marvel #MastersOfTheUniverse SPONSORS: RUGIET: Head to https://www.Rugiet.com/KRISTIAN and get 15% off your ED treatment. HIMS: Ready to reach your goals? Visit https://www.hims.com/KRISTIAN to get a personalized, affordable plan that gets you. Weight Loss by Hims is not available in all 50 states. Wegovy® is the registered trademark of Novo Nordisk A.S. To get started and learn more, including important safety information, Wegovy® clinical study information, and restrictions, visit Hims dot com.
Shareholders of Warner Brothers Discovery have approved its sale to media conglomerate Paramount Skydance, with the merger valued at $110 billion. Rahul Tandon looks at what the deal could mean for competition, content and consumers.Also, BP suffers a shareholder rebellion over climate reporting.And Meta announces plans to cut around 10% of its workforce.(Picture: The studio lot at Warner Bros. Studios is seen in Los Angeles, California, USA, 23 April 2026. Credit: CHRIS TORRES/EPA/Shutterstock)
On this week's episode of the Shareholders the guys talk about WrestleMania, the Woke Report with Junior, and the Stock!
This Omni Talk Retail Fast Five segment explores Amazon CEO Andy Jassy's latest shareholder letter and how the company is evolving beyond ecommerce into an AI and infrastructure powerhouse. Chris Walton, Jennifer Meyers, and John Benson discuss Amazon's bets on robotics, logistics, cloud computing, and artificial intelligence while debating whether Amazon should still be considered a retailer at all. ⏩ Tune in for the full episode here: https://youtu.be/DuDBhMyLkoo #Amazon #AndyJassy #AmazonAI #RetailInnovation #RetailStrategy #Ecommerce #AWS #Logistics #OmniTalk #RetailNews
Host Brian Walsh takes up ImpactAlpha's top stories with editor David Bank. Up this week:"Dear Shareholders: Your votes and your voice are needed more than ever," by As You Sow's Andrew Behar“Impact investors seek to assert human agency over the future of AI,” by David Bank and Dennis Price“Collaboration Fund sparks a conversation around M&A in impact investing field-building,” by David Bank and Amy CorteseTo try ImpactAlpha Edge for yourself, click here.Correction: Sorenson Impact Institute, not Foundation, is hosting the Collaboration Fund as well as the Webinar next week.
Stacey Richter interviews Jerry DiMaso, CEO of Payerset, about how hospital and carrier price transparency data (mandates beginning with hospitals in 2019 and carriers in 2022) is being used by plan sponsors and providers. For self-insured employers and unions, DiMaso highlights three key uses: benchmarking against competitors via EIN to compare negotiated rates and carve-outs, identifying high-cost billing codes, and exposing "discount shell games" by validating whether claimed discounts reflect real savings. Employers can use the insights to guide TPA negotiations, implement service carve-outs/direct contracts and calculate objective savings, and model alternative plan types (e.g., PPO vs HMO) while maintaining access. For clinics, transparency data can level information asymmetry by enabling rate benchmarking, revealing new contracting opportunities with previously unknown carriers, and supporting rate increases by pairing price comparisons with quality/outcomes; the discussion also addresses concerns about prices rising and an emerging transparency "arms race." === LINKS ===
With stocks snapping a five-week losing streak, Carl Quintanilla, Jim Cramer and David Faber discussed Iran war developments that sent oil prices lower and stocks higher — including hopes that a reported 45-day ceasefire proposal could gain traction. In the mix: President Trump's profanity-laced ultimatum to Iran in a social media post. The anchors also reacted to JPMorgan Chase CEO Jamie Dimon's annual letter to shareholders, which featured his takes on AI risks, inflation, private credit and other issues. Also in focus: Netflix upgraded, OpenAI vs. Anthropic as they push to go public, "Jobs Thursday" recap. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ep 521 - PlayStation hardware gets a massive price hike. The new Life is Strange is actually good! And Jason Wishnov returns to chat about his new game, People of Note. Become a patron to get the extended cut: https://www.patreon.com/posts/extended-900-us-154665150 Check out Jason's game, People of Note: https://store.steampowered.com/app/1626170/People_of_Note/ 00:00 - Intro 02:12 - Easy Allies 10th Anniversary Recap 09:08 - PlayStation 5 is Now More Expensive 17:57 - Nintendo Loses Patent Claim 24:14 - People of Note w/ Jason Wishnov 51:42 - Damiani's My One Piece 55:06 - My One Thing 01:06:48 - Life Is Strange: Reunion Impressions 01:18:55 - Death Stranding 2 PC Impressions 01:29:28 - L&R: Do What to the Shareholders? 01:37:28 - L&R: Favorite Game Shows 01:43:23 - L&R Game: Remake, Remaster, Relaunch, Reject 01:58:16 - Bets 02:05:16 - Closing Learn more about your ad choices. Visit podcastchoices.com/adchoices