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Business news, market updates, and economic developments

Stevie Nicks donates $3m to medical school to recognize her voice doctor

Stevie Nicks donates $3m to medical school to recognize her voice doctor

Summary

Singer Stevie Nicks donated $3 million to the University of Southern California’s medical school to honor her voice doctor, Dr. Joseph Sugerman. The money will create a special named position to support research and care in ear, nose, and throat medicine.

Key Facts

  • Stevie Nicks gave $3 million to USC’s Keck School of Medicine.
  • The donation creates the "Stevie Nicks and Joseph Sugerman, MD, Endowed Chair in Otolaryngology."
  • Dr. Joseph Sugerman is an ear, nose, and throat (ENT) specialist who has treated Nicks and other performers for almost 50 years.
  • Sugerman is a USC graduate and faculty member with a career focused on caring for singers and entertainers.
  • The endowed chair supports vocal medicine, helping people with voice, airway, and swallowing problems.
  • Dr. Michael M Johns, an expert in professional voice care, will be the first to hold this position.
  • Nicks has valued her voice health highly, especially during the COVID-19 pandemic, fearing serious impacts to her singing career.
  • The gift helped USC reach its fundraising goal for the chair, with additional support from foundations and other donors.
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Fizzy drink cans recalled as they 'may rupture unexpectedly'

Fizzy drink cans recalled as they 'may rupture unexpectedly'

Summary

Dalston Soda Company is recalling some cans and multipacks of its Pineapple Soda because the cans might break open unexpectedly and cause injury. Customers are advised not to drink the product, to throw the cans away safely, and can get a refund from the company.

Key Facts

  • The recall affects Dalston Soda’s Pineapple Soda cans and four-can multipacks.
  • The cans may break apart suddenly, creating sharp edges that can hurt people.
  • The issue is due to a packaging defect.
  • Customers should handle the cans carefully, place them upright in a sealed bag, and dispose of them with regular household waste.
  • Customers are asked not to return the cans to stores but can get a full refund by contacting Dalston Soda Company.
  • The affected cans have a best before date of 4 August 2027, with batch codes 037130 (single cans) and 037129 (multipacks).
  • No other Dalston Soda products are involved in the recall.
  • Dalston Soda was started by chefs from the former Passing Clouds nightclub in Dalston, east London, and the drink is sold in supermarkets, some pubs, and attractions in London.
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Bánh Anh Em owners say memory is their secret ingredient

Bánh Anh Em owners say memory is their secret ingredient

Summary

Bánh Anh Em is a new Vietnamese restaurant run by chef Nhu Ton and John Nguyen. They say that memories inspire the flavors in their food, making it special.

Key Facts

  • Bánh Anh Em is a recently opened restaurant.
  • The owners are chef Nhu Ton and John Nguyen.
  • The restaurant serves Vietnamese cuisine.
  • The owners believe memories influence their cooking.
  • Their approach has gained positive attention.
  • The restaurant was featured on CBS News.
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Over 160K sign petition opposing data center next to Nashville Zoo; mayor weighs in

Over 160K sign petition opposing data center next to Nashville Zoo; mayor weighs in

Summary

A large data center, bigger than a football field, might be built very close to the Nashville Zoo. Many people in Nashville are concerned about this plan, and the city’s mayor is also involved in the discussion.

Key Facts

  • The proposed data center would be larger than a football field.
  • It is planned to be built next to the Nashville Zoo.
  • Over 160,000 people have signed a petition opposing the data center.
  • Nashville residents are worried about how the data center could affect their community.
  • Officials from the Nashville Zoo have expressed concerns.
  • The mayor of Nashville is paying attention to the issue and may take action.
  • Data centers are facilities that store and manage large amounts of computer data.
  • The development could impact the local environment and the zoo’s surroundings.
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Suit filed against controversial planned Stratos datacenter project in Utah

Suit filed against controversial planned Stratos datacenter project in Utah

Summary

Residents in Utah and a non-profit group sued to stop the Stratos AI datacenter project, saying it limits public input and control over land and resources. Kevin O’Leary, a celebrity investor backing the project, agreed to reduce its size and committed to protecting parts of the land and water, while denying claims of environmental harm and accusing opponents of spreading false information.

Key Facts

  • The lawsuit was filed by the Alliance for a Better Utah and five local residents against the Stratos datacenter project in Box Elder County.
  • The lawsuit challenges the constitutionality of the state’s military installation development authority (Mida), which approved the project.
  • The original plan covered 40,000 acres, but O’Leary agreed to shrink the project’s physical area.
  • Utah Senate President Stuart Adams said the project is in early stages and will go through full permits and environmental reviews.
  • O’Leary claims the project will create construction and tech jobs and bring billions in investment.
  • O’Leary accused opposition groups of spreading misinformation and suggested some may have ties to Chinese interests.
  • Four Republican members of Congress have asked the FBI for information on foreign efforts to slow U.S. AI development.
  • The project involves concerns over land use, public health, water supply to the Great Salt Lake, and environmental impact.
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What Bumper Jobs Report Means For Mortgages And Housing Market

What Bumper Jobs Report Means For Mortgages And Housing Market

Summary

The U.S. economy added 172,000 jobs in May, more than expected, while unemployment stayed at 4.3%. However, wages are growing slower than inflation, making it harder for many Americans to afford homes despite recent price drops.

Key Facts

  • The U.S. gained 172,000 jobs in May, beating the expected 85,000-110,000.
  • The unemployment rate remained steady at 4.3% for the third month in a row.
  • Wage growth slowed to 3.4% year-over-year, below inflation, which rose 3.8%.
  • Real wages are declining, meaning people’s pay does not keep up with rising prices.
  • U.S. median home listing prices dropped for seven months in a row, with a 2.4% decrease in May.
  • Despite recent price falls, home prices are still 34.2% higher than before the pandemic.
  • The housing market faces challenges like high mortgage rates, inflation, and economic uncertainty.
  • A stronger job market may help keep the housing market steady and affect Federal Reserve decisions on inflation.
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Exclusive discounts from CBS Mornings Deals

Exclusive discounts from CBS Mornings Deals

Summary

CBS Mornings Deals offers special discounts on various products to help improve daily life. Shoppers can find these deals at cbsdeals.com, where CBS earns a commission from purchases.

Key Facts

  • CBS Mornings Deals features discounted items for everyday use.
  • The deals are available on the website cbsdeals.com.
  • CBS makes money through commission on products bought from the site.
  • The promotion is part of the CBS News programming.
  • Viewers can access CBS News through its app or web browsers like Chrome and Safari.
  • The deals aim to provide value and convenience to consumers.
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Second flesh-eating screwworm infection reported in cattle in Texas

Second flesh-eating screwworm infection reported in cattle in Texas

Summary

Texas has reported a second case of the flesh-eating screwworm parasite in cattle, the first cases seen in the US since the 1960s. State and federal officials are taking steps like releasing sterile flies and restricting animal movement to stop the parasite from spreading and harming the cattle industry.

Key Facts

  • A second infection of the new world screwworm (NWS) was confirmed in Zavala County, Texas, near the first case found in a young calf.
  • The screwworm larvae feed on living flesh of animals, causing a painful condition called myiasis.
  • Texas and USDA are releasing sterile male screwworm flies to prevent reproduction by wild females.
  • Animal movement restrictions are in place to prevent spread of the parasite.
  • The US-Mexico border has been closed to live cattle imports for over a year due to the parasite spreading north.
  • The US beef industry, valued at $100 billion, has shrunk to its lowest level in 75 years partly because of this issue.
  • Canada has temporarily banned livestock imports from Texas to prevent the parasite’s entry.
  • Officials say the US food supply is safe since screwworms do not infest meat or crops.
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Fuel prices are shaping summer plans as US boaters get ready to hit the water

Fuel prices are shaping summer plans as US boaters get ready to hit the water

Summary

Many U.S. boaters are adjusting their summer plans because fuel prices are higher than last year due to factors like the Iran war. Although gas prices have dropped recently, fuel still costs significantly more, pushing some boaters to use less or change how they spend time on the water.

Key Facts

  • Gas prices in the U.S. are about 34% higher than a year ago.
  • Diesel fuel costs have risen by 53% compared to last year.
  • Ethanol-free gasoline, preferred by many boaters, costs between 20 cents and $1 more per gallon than regular gas.
  • At one gas station near Portage Lake, Michigan, ethanol-free gas sells for $7 per gallon.
  • The National Marine Manufacturers Association says 100 million Americans go boating yearly and the industry is worth $230 billion.
  • Many boaters still plan to go out on the water but may go less far, slower, or spend more time swimming and near docks due to fuel costs.
  • Some boat owners say maintenance costs more than fuel, but rising fuel prices are causing concern.
  • The ongoing conflict in Iran is cited as a key reason for higher fuel costs.
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Prediction markets have become a draw for young men. Here's why

Prediction markets have become a draw for young men. Here's why

Summary

Prediction markets are online platforms where people can bet on the outcomes of future events. Many young men, especially those aged 18 to 34, are using these platforms to try to make money or for fun, but some have lost money or faced legal trouble for insider trading.

Key Facts

  • Prediction markets allow users to bet on "yes" or "no" questions about future events, with contracts priced between $0 and $1.
  • A win pays $1 per contract; a loss means losing the money wagered.
  • About 40% of young men aged 18-34 have used prediction markets, according to a survey.
  • On Kalshi, a leading U.S. prediction market, 3 million of the 4 million active users are male, and 60% are aged 18 to 34.
  • Some users bet on sports events, political speeches, and other topics.
  • There have been legal cases involving alleged insider trading, including a Google employee and a U.S. soldier.
  • Experts say men tend to take more financial risks and feel more confident in their decisions, which partly explains their dominance in prediction markets.
  • Young users often see prediction markets as a way to earn extra money, find excitement, or feel financially secure.
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Rideshare drivers deserve safety guarantees, too

Rideshare drivers deserve safety guarantees, too

Summary

The article discusses the risks rideshare drivers face when picking up passengers. It calls for stronger safety protections from both rideshare companies and the government.

Key Facts

  • Rideshare drivers often meet strangers, which can put them in vulnerable situations.
  • Current safety measures mainly come from the companies that run rideshare apps.
  • Drivers want more than just promises; they want real safety guarantees.
  • The article urges Congress to create laws that protect drivers better.
  • Ensuring driver safety is important for the rideshare industry to operate securely.
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‘Immediate national priority’: ministers accused of complacency over UK food supply

‘Immediate national priority’: ministers accused of complacency over UK food supply

Summary

UK ministers have been criticized for not acting quickly enough to protect food supplies from risks like fuel shortages, cyber attacks, and extreme weather. The Cold Chain Federation, a group representing companies that store and transport chilled and frozen food, warns the UK’s food system needs urgent attention to avoid shortages and supply problems.

Key Facts

  • The Cold Chain Federation (CCF) says risk to UK food supply is very high due to multiple threats.
  • Britain imports over a third of its food, mainly through four ports, making it vulnerable to disruptions.
  • Problems like fuel shortages, border delays, cyber attacks, and extreme weather could stop food from reaching stores.
  • Cold storage sites and food transport are critical because many foods and medicines need to be kept chilled or frozen.
  • UK cold storage and transport companies have faced repeated cyber attack attempts recently.
  • The government has not yet classified cold stores and transport hubs as critical infrastructure, which could protect them better in crises.
  • In early 2023, poor weather in Europe and high energy costs caused shortages of some fresh produce like tomatoes and cucumbers.
  • The CCF suggests workers in cold storage and transport should be given essential worker status permanently to strengthen the food system.
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‘We should not have to sacrifice’: New York could become first state to temporarily ban large datacenters

‘We should not have to sacrifice’: New York could become first state to temporarily ban large datacenters

Summary

New York state lawmakers approved a one-year pause on building large datacenters, pending the governor’s decision to sign it into law. The moratorium aims to control the environmental impact and energy use of these facilities, which support artificial intelligence and other digital services.

Key Facts

  • New York’s legislature passed a bill to temporarily ban large datacenters over 20 megawatts (MW) of power use.
  • The bill now awaits approval from Governor Kathy Hochul.
  • Datacenters consume large amounts of energy and water, putting strain on New York’s aging electricity grid.
  • The moratorium targets new projects by big tech companies but does not affect currently permitted datacenters.
  • The bill requires an environmental review of datacenter impacts and aims to protect energy costs for residents.
  • Originally, the pause was planned for three years but was shortened to one year as a compromise.
  • Many local communities and other states have expressed concerns about datacenter growth due to higher utility bills and environmental effects.
  • Industry groups warn that the moratorium could hurt the economy and discourage investment in New York.
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‘Historic’: Canadian warehouse workers sign first-ever union deal with Walmart

‘Historic’: Canadian warehouse workers sign first-ever union deal with Walmart

Summary

Canadian warehouse workers at a Walmart distribution center in Mississauga have signed the first union contract with the company, marking a significant moment for labor organizing in Canada. The agreement includes higher pay, improved working conditions, and a payment to settle claims of unfair labor practices. Meanwhile, unions are also pressing for better worker rights at other large employers like Amazon.

Key Facts

  • Workers at a Walmart warehouse in Mississauga, Ontario, signed Canada’s first union contract with Walmart.
  • The deal includes wage increases, guarantees about working conditions, and a lump sum payment for unfair labor practice claims.
  • It took two years of negotiations for the contract to be finalized after workers voted to unionize in 2024.
  • This union victory focuses on supply chain and warehouse workers, not just retail employees.
  • Walmart raised wages for some other workers in the area but not at the unionized warehouse before signing the contract.
  • Unifor, Canada’s largest private-sector union, is also organizing workers at an Amazon facility in British Columbia.
  • British Columbia’s labour board found Amazon unfairly withheld pay raises from some warehouse workers and ordered back payments.
  • Labour laws in some provinces allow government intervention to help settle disputes and enforce contracts.
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UK urged not to further weaken EV rules as CO2 impact revealed

UK urged not to further weaken EV rules as CO2 impact revealed

Summary

Campaigners warn the UK government not to weaken rules that require more electric cars to be sold, because changes already made could cause extra carbon emissions by 2030. The current rules, called the zero-emission vehicle (ZEV) mandate, push carmakers to increase electric car sales, but recent changes have allowed more petrol and hybrid cars, which leads to more pollution and harms the electric car charging industry’s investments.

Key Facts

  • The UK’s ZEV mandate, started in 2023, aims for 80% of car sales to be electric by 2030.
  • Last year, the rules were weakened by adding “flexibilities” that let carmakers sell more petrol and plug-in hybrid electric vehicles (PHEVs).
  • Sales of PHEVs have risen by 48% this year as a result of those changes.
  • Extra petrol and diesel driving caused by the rule changes could add 17 million tonnes of carbon dioxide to the atmosphere by 2030.
  • This extra pollution equals all Ryanair flights from Europe in one year or the emissions of a small country like Croatia.
  • The Department for Transport says the increase in petrol use is mostly due to the ZEV mandate changes.
  • The charging industry is worried that fewer electric cars mean less money to build and maintain charging stations.
  • Carmakers want the government to weaken the rules again, saying current targets are too hard to meet.
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Consumer Fight Back

Consumer Fight Back

Summary

A recent report shows that 75% of people are not saving enough money for a comfortable retirement. The program discusses how to plan pension savings, get the best value from holiday budgets, and how artificial intelligence (AI) is changing online shopping.

Key Facts

  • Three out of four people are under-saving for retirement.
  • The program offers advice on how much to save in pensions.
  • It explains ways to plan holiday spending to make money go further.
  • AI is changing the way people shop online.
  • Listeners can share their own experiences by emailing the show.
  • The episode is broadcast on Radio Ulster and lasts about 56 minutes.
  • The content is available for 28 days after the broadcast.
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US Screwworm Outbreak Spreads As Canada Bans Texas Cattle

US Screwworm Outbreak Spreads As Canada Bans Texas Cattle

Summary

A second case of New World screwworm, a dangerous parasitic fly, was found in a calf in Texas. In response, Canada temporarily banned importing livestock from Texas to stop the parasite from spreading.

Key Facts

  • The New World screwworm is a fly whose larvae eat living flesh of animals, causing serious wounds.
  • Texas has confirmed two cases of screwworm in calves, near the U.S.-Mexico border.
  • The U.S. Department of Agriculture created a quarantine zone to control the spread.
  • Texas Governor Greg Abbott declared a disaster to use all state resources to fight the outbreak.
  • Officials are releasing sterile flies to stop the screwworm from reproducing.
  • Canada’s Food Inspection Agency banned animals from Texas that were in the state within 21 days before arriving at the border.
  • Screwworm larvae mainly harm livestock but can also affect pets, wildlife, and rarely humans.
  • The parasite spreads mainly through moving infected animals, including trade and migration.
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Aviation industry looks skywards as leaders fly in for Rio summit

Aviation industry looks skywards as leaders fly in for Rio summit

Summary

Aviation leaders are meeting in Rio de Janeiro for the annual Iata airline summit amid high jet fuel prices and uncertain demand. Airlines continue to operate despite challenges from global conflicts affecting fuel supply and potential takeovers in the industry.

Key Facts

  • The Iata AGM, a global airline industry meeting, is being held in Rio de Janeiro after being online during the Covid years.
  • Jet fuel prices have risen from about $80 a barrel at the last summit to over $140 a barrel now.
  • Jet fuel costs make up about 25% of global airline expenses, with each $1 increase adding nearly $3 billion annually.
  • Airlines removed about 6% of scheduled seats worldwide recently due to fuel costs and uncertain demand.
  • European airlines mostly continue full schedules, finding new fuel sources in the US and West Africa.
  • The EU says there is no current jet fuel shortage in Europe and none expected soon.
  • EasyJet suspended fuel price hedging due to volatility and is now a takeover target by a US private equity firm.
  • Airlines from the Middle East are affected by the US-Israel-Iran conflict, with some operations grounded and leaders absent from the summit.
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Advice service demand rises amid housing crisis

Advice service demand rises amid housing crisis

Summary

Citizens Advice Guernsey has reported an increase in people seeking help, mostly due to housing shortages and rising living costs. In 2025, they helped more clients and spent more time on each case, showing that problems are becoming more complicated.

Key Facts

  • Citizens Advice Guernsey helped 3,043 clients in 2025, up from 2,991 in 2024.
  • The service dealt with nearly 5,700 issues, more than before.
  • Average time with each client increased from 51 to 54 minutes, adding about 150 extra adviser hours.
  • Housing problems caused over 1,000 cases and affected 474 clients, making it the top issue.
  • Rental housing and shortage of social housing were especially challenging.
  • Employment issues were the second most common concern, followed by legal and family matters.
  • Financial stress and relationship problems often connected to housing difficulties.
  • The charity warned that ongoing cost-of-living pressures will likely lead to even more demand.
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Transfer rumors, news: Bayern's Olise is Perez's R...

Transfer rumors, news: Bayern's Olise is Perez's R...

Summary

Real Madrid plans to make a €150 million offer to buy Michael Olise, a winger at Bayern Munich. This move will happen if Florentino Perez wins the election to become Real Madrid’s club president again.

Key Facts

  • Real Madrid wants to sign Michael Olise from Bayern Munich.
  • The offer will be for €150 million.
  • Michael Olise plays as a winger, a position on the side of the soccer field.
  • The transfer depends on Florentino Perez winning Real Madrid’s presidential election.
  • Florentino Perez is a candidate to lead Real Madrid once more.
  • This news is part of ongoing transfer talks in soccer.
  • Bayern Munich currently holds Michael Olise’s contract.
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