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Kalshi bans former congressman George Santos for life after State of the Union trades
Kalshi says Santos did not cooperate with its investigation into bets he placed on his own attendance at the State of the Union. The company also fined the disgraced congressman more than $71,000.…
Trump strikes new drug pricing deals with nine midsized drugmakers
The string of deals builds on the Trump administration's push to link the nation's drug prices to cheaper ones abroad.…
The U.S. sues Amazon again
Federal regulators and 22 states allege that the tech giant made billions by manipulating how much brands and sellers paid for ads on its platform.…
Kalshi Permanently Bars George Santos From the Platform
The prediction market said it had barred George Santos, the former congressman from New York, and fined him $71,356 over evidence he engaged in insider trading.…
Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up
The expectation had been for falling rates this year, but the war with Iran and its resulting rise in oil prices upended that.…
Private Equity Wants to Invest in College Sports. Some Schools Are Wary.
As desperate as many athletic programs are for money, they are proceeding cautiously when it comes to deals with private equity.…
Kushner states regret over World Cup sell-off plan
Venture capitalist Joshua Kushner says he would not have got involved in Fifa president Gianni Infantino's scrapped plan to sell off stakes in the World Cup if he had known how the football world reac…
Hyundai has grown more than any automaker in the U.S. — and it's not done yet
The South Korean automaker wants to keep going by ramping up production at a new $7.6 billion plant in Georgia to capture more sales and market share.…
The Guardian view on regulating big tech: Meta has got off too lightly | Editorial
New child safety measures are welcome, but the wider risks posed by these platforms remain unaddressed “Hook, hold, harvest and hide” was how Megan O’Neill, a lawyer for the US state of California, ch…
AI could cause global economic downturn, Andrew Bailey warns G20
The governor of the Bank of England warned of AI's “volatility” caused by energy shocks from the US-Iran war.…
A $480,000-a-Year Pill Reflects a New Normal for Cancer Drugs
Rasonque, the new pancreatic cancer treatment from Revolution Medicines, illustrates the huge inflation in cancer drug prices over the past two decades.…
How to tackle the climate impact of datacentres | Letters
Datacentres should generate their own power and control their emissions, writes Richard Lamming, while Michael McClelland says we should reduce our digital communication. Plus a letter from Malcolm Fr…
£4,000 for a teddy bear?! How cuddly toys became luxury items
Designs by Louis Vuitton, suits by Savile Row: these are not your run-of-the-mill teddies. But who’s buying them?Name: Teddy bears.Age: 124 years old. Continue reading...…
Burnham’s bumpy ride ahead: PM’s in-tray full of dilemmas as parliament returns
Labour leader faces tough decisions on issues such as North Sea drilling, electoral reform and defence spendingAfter a relatively cheery summer in which he announced a range of eye-catching cost of li…
Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner
The administration will work with a private Venezuelan oil company that has close ties to the country’s government.…
The law won't save us from Meta's 'pervert glasses'. The only solution is mockery | Jonathan Liew
These things are undermining not just our public spaces but the very nature of being human. Let’s shame them off the streetsSo far I am yet to be tempted into purchasing a pair of Ray-Ban Meta glasses…
U.S. Start-Up and Saudi Arabia Form Data Center Partnership
Together AI, which serves open-source artificial intelligence models, announced a deal to use compute from Humain in Saudi Arabia, where it can bypass U.S. backlash over data centers.…
The 'choose your own adventure' earnings: Why retailers are handling tariff refunds so differently
Retailers have diverged on how they've reported tariff refunds in their earnings this quarter, with some choosing to lower prices and others boosting margins.…
BT on track for estimated £2bn windfall from selling old copper amid AI boom
Telecoms company to benefit from soaring prices for recycled metal recovered from full-fibre broadband rolloutBT is on track for an estimated £2bn-plus windfall over the next decade from selling off o…
Iran’s economy in crisis as US launches new sanctions campaign
Trump’s Operation Economic Outcast is expected to push many Iranians into deeper poverty as food inflation soarsFor many Iranians, the new US sanctions campaign, called Operation Economic Outcast, see…
High Debt and Rising Prices Catch Up to Trump, as Midterms Near
To win in 2024, the president promised an economic course correction. Almost two years later, his agenda has made that fight even harder.…
Anthropic sued over alleged theft of ‘tens of thousands’ of songs
AI company faces multibillion dollar lawsuit over misuse of copyrighted songs to train Claude modelsAll AI wants for Christmas is a vast back catalogue of songs without paying for it, according to a m…
Defence spending is an insatiable beast. John Healey is right to tame it | John McTernan
The MoD grossly overspends then claims poverty. It’s high time it was treated as just one part of a progressive governmentNowhere was the confidence of the prime minister, Andy Burnham, shown as clear…
The London office, the empty boxes and the £1bn tax loophole
Exclusive: How a court case over an unoccupied office block could end a widely used tax avoidance schemeFrom the outside, the seven-storey building at 2 America Square looks like any other office bloc…
Business groups urge Swinney to scrap 'ineffective' food price cap plan
More than 20 organisations have written a joint letter to John Swinney urging him to scrap his plan for a legal cap on some food and drink prices.…
Manhattan's luxury rental market is booming, with units reaching $100,000 a month
New York City brokers said they've seen a surge in the number of wealthy renters, which is driving Manhattan rents to new records.…
‘Revenge of the Rust belt’: Starbucks film-maker on Baristas vs Billionaires
Director Mark Mori followed coffee chain workers’ struggle to unionize: ‘These young kids are so inspirational’As the food service industry was pushed on to the frontlines of the Covid-19 pandemic in …
As US-Canada tensions flare, who’s calling the shots in Trump’s trade team?
US trade representative Jamieson Greer has a level-headed reputation but commerce secretary Howard Lutnick and White House adviser Peter Navarro also have key rolesHaving reportedly read Victor Hugo’s…
Trump’s plan to sell off a part of Yosemite is what oligarchy looks like | Rebecca Solnit
Public lands belong to all of us. No one should plunder those lands for profitDo people still say a car was “sold for parts”? Because the US is being sold for parts or just handed over to the oligarch…
It’s time to get shirty about the short life of the football top
With millions of club shirts going to waste every season, a radical recycling rethink is neededWhen Joanna Czutkowna buried a Manchester United jersey, a cotton T-shirt and a wool-cotton jumper in her…
