The article explains how to make a traditional Philadelphia hoagie sandwich. A chef from Liberty Kitchen shows the steps to build this large sandwich, which became popular among shipyard workers during World War I.
Key Facts
The hoagie is a type of sandwich from Philadelphia.
It became popular when shipyard workers packed it for lunch during World War I.
Liberty Kitchen’s executive chef Beau Neidhardt demonstrates how to make the hoagie.
The sandwich is made in large size, known as a "giant sandwich."
The demonstration was shown on CBS News with correspondent Susan Spencer.
The original TV segment aired on May 17, 2026.
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Marimekko is a Finnish company known for its bright and bold designs on fabrics, household items, and clothes. The company has been creating these distinctive patterns for 75 years and is a well-known brand from Finland.
Key Facts
Marimekko is a design company from Finland.
It is famous for bold, colorful patterns on fabric and products.
The company makes housewares and fashion items.
Marimekko has been in business for 75 years.
It adds a unique Finnish style to its products.
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Large companies have played a key role in developing and testing artificial intelligence (AI), showing small businesses what works and what does not. Small and mid-sized businesses (SMBs) have learned from these lessons to use AI more carefully and effectively, focusing on boosting productivity without cutting jobs.
Key Facts
Big organizations first used advanced tech like the internet and cloud services before they became affordable for small businesses.
Large companies have spent billions on AI, sometimes wasting money, which helps small businesses avoid making the same mistakes.
AI is being used by big tech for software development, customer service, security, and voice systems.
Small businesses are hiring laid-off developers from big tech who use AI tools to provide services more efficiently.
Large companies faced very high computing costs from AI usage, teaching small businesses to manage expenses carefully.
Big firms have announced AI as a reason for layoffs, causing backlash, while small businesses use AI to increase productivity and keep employees.
Small businesses are cautious about fully replacing departments with AI and prefer to let big companies test advanced AI tools first.
Experts, including OpenAI’s CEO, have admitted that early predictions about AI’s rapid impact were too optimistic.
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The Center City Soft Pretzel Company in Philadelphia makes tens of thousands of soft pretzels each week. Soft pretzels are a popular local snack known for their twisty shape, crunchy outside, and chewy inside.
Key Facts
Soft pretzels are a traditional snack in Philadelphia.
The Center City Soft Pretzel Company produces thousands of pretzels weekly.
Pretzels have a salty taste that many people enjoy.
The pretzels have a crunchy crust and a doughy inside.
The company is located in the Center City area of Philadelphia.
Soft pretzels are a well-known part of Philadelphia’s food culture.
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Nicolas Ghesquière, the artistic director of Louis Vuitton, gave an extended interview to CBS News. He discussed his role at Louis Vuitton, a leading luxury fashion brand.
Key Facts
Nicolas Ghesquière is the artistic director of Louis Vuitton.
Louis Vuitton is a French fashion house and the world's largest luxury brand.
The interview was conducted by CBS News correspondent Alina Cho.
The full interview is available as a web exclusive on CBS News platforms.
Louis Vuitton is known for its luxury products and fashion innovation.
The interview gives insights into the brand's creative direction under Ghesquière.
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Louis Vuitton, a French fashion company started in 1854, is now the biggest luxury brand in the world. The artistic director, Nicolas Ghesquière, is creating new designs for the brand’s future, including a recent collection and a special project with artist Keith Haring’s estate.
Key Facts
Louis Vuitton began in 1854 in France.
It is currently the world’s largest luxury brand.
Nicolas Ghesquière is the artistic director at Louis Vuitton.
Ghesquière focuses on creating unexpected, new designs for the company.
There is a new Louis Vuitton collection designed by Ghesquière.
Louis Vuitton is collaborating with the estate of late artist Keith Haring.
The information was presented on CBS News on May 17, 2026.
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The article discusses the popularity and special qualities of Philadelphia cheesesteak sandwiches. Frankie Olivieri, owner of Pat's King of Steaks, explains why these sandwiches are well-loved.
Key Facts
Philadelphia cheesesteaks are a popular type of sandwich.
Pat's King of Steaks is a famous cheesesteak restaurant in Philadelphia.
Frankie Olivieri is the third-generation owner of Pat's King of Steaks.
The article shares reasons why Philadelphia cheesesteaks stand out.
The original report aired on May 17, 2026, on CBS News.
The feature was done by CBS News correspondent Susan Spencer.
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The US Treasury plans to cut off the UAE branches of Banque Misr, Egypt’s second-largest bank, from the US financial system. The US accuses these branches of helping Iran’s government access US dollars and evade sanctions.
Key Facts
The US Treasury will block Banque Misr’s UAE operations from using US banks for transactions.
This move targets what the US calls Iran’s shadow banking networks linked to Iran’s government and military.
The US Treasury estimates Banque Misr UAE processed about $1.8 billion between 2024 and 2026 for companies connected to Iran.
The sanctions aim to stop Iran from using the US dollar and the global financial system for revenue.
Banque Misr is reviewing the US proposal and says it will cooperate while continuing regular banking services.
The Central Bank of Egypt and its Ministry of Foreign Affairs are in contact with US authorities about this issue.
The US decision affects only the UAE branches of Banque Misr, not the bank’s other branches.
The sanctions will take effect after a 30-day comment period.
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Food prices in America are rising because of several problems like expensive grains, higher fertilizer and fuel costs, bad weather, and wars in Iran and Ukraine. These issues affect farming, harvesting, and food transport, which could lead to bigger price increases in many grocery items over time.
Key Facts
Wars in Iran and Ukraine have raised diesel prices, making farm work and food transport more expensive.
Fertilizer costs have gone up due to disruptions near the Strait of Hormuz.
Prices for corn and wheat are at their highest in three years, affected by bad weather and the Ukraine war.
Higher wheat prices affect foods like bread, and higher corn prices increase costs for meat, dairy, and eggs since animals eat corn.
Farmers are not necessarily making more money despite higher prices; some are losing profit.
Some food items have already seen big price increases, like instant coffee (up 15.8%) and beef roasts (up 13.5%).
About 75% of people say grocery prices are still rising where they live.
Experts predict global food inflation could reach 5% in the first half of 2027, nearly double last year’s rate.
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The UK government is asking banks and lawyers to share real examples of how they stopped dirty money from entering the country. This effort aims to show that the UK is improving its controls against money laundering and financial crime before an important international review in 2027.
Key Facts
The UK government wants stories from 2022 onward about refusing or stopping high-risk clients to prove money-laundering controls work.
In 2018, a global watchdog called the Financial Action Task Force (FATF) gave the UK a poor assessment on fighting financial crime.
The FATF will review the UK in 2027 and visit in 2025 to check how well the country prevents money laundering and terrorist financing.
The National Crime Agency estimates around £100 billion is laundered through the UK every year.
UK financial and legal services have been used by criminals involved in fraud, drug trafficking, and human trafficking.
The UK legal sector is marked as “high risk” for money laundering by national assessments since 2017.
New threats include AI-driven fraud and cryptocurrencies, which can hide where money comes from.
The government has increased funding and enforcement efforts to fight economic crime and is working closely with industry before the FATF review.
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Train drivers working for Avanti West Coast have agreed to a 3.6% pay increase after threatening to strike on busy UK routes, including the London-Manchester line. The deal includes better pay for working Sundays and extra pay for working a fifth day, and it has been approved by the government and the train drivers' union.
Key Facts
Train drivers threatened strike action over pay on major UK routes.
Avanti West Coast and the Aslef union agreed on a 3.6% pay rise.
The pay rise is 0.7% higher than the current inflation rate.
Drivers will get time and a half pay for working Sundays.
Drivers receive £720 extra for working a fifth day in the week.
Avanti West Coast will be renationalised by spring 2027 under the Labour government.
The government aims to improve rail services and reduce financial losses.
Some politicians criticized the deal as costing taxpayers too much money.
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German insurance company Allianz is thinking about buying the British breakdown recovery company AA for about £5 billion. Other buyers, like the investment group EQT, are also talking with AA’s advisors. AA’s current private owners are trying to decide between selling the company or listing it again on the London Stock Exchange.
Key Facts
Allianz is a German financial services and insurance company.
Allianz may buy AA for around £5 billion, according to reports.
EQT, a private equity firm, is another potential buyer interested in AA.
AA is known in Britain for its yellow roadside assistance vehicles.
AA was started by car enthusiasts in 1905.
AA was taken private in 2020 by TowerBrook and Warburg Pincus, private equity owners.
Before 2020, AA was listed on the London Stock Exchange since 2014.
AA’s owners are considering selling the company or returning it to the public stock market.
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New rules from the Competition and Markets Authority (CMA) will change how vet clinics disclose who owns them. Private equity firms own many vet clinics, and pet owners may pay more without knowing this because the new rules allow companies to hide behind local practice names instead of showing the big corporate owners.
Key Facts
Many local vet clinics are owned by a few large groups, mostly backed by private equity firms or big companies like Mars Petcare.
Pet owners pay about 16.6% more on average at large vet groups than at independent clinics.
The CMA changed its rules so companies can show the clinic’s local name instead of the name of the big corporate owner.
The Progressive Veterinary Association (PVA) objects to these changes and may take legal action to force clearer ownership disclosure.
The CMA says showing big corporate names might confuse pet owners, who are more familiar with local clinic names.
Pet owners and vets argue that knowing who truly owns a vet clinic helps customers make better decisions and promotes fair competition.
The veterinary market in the UK is large (£6.3 billion) and has been described as needing modernization because of high prices and low transparency.
The CMA has proposed capping prescription costs for pet medicine at £21 as part of wider reforms.
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Six months into the war between the U.S., Israel, and Iran, the global economy has faced challenges but avoided the worst predictions like a worldwide recession. Investors have generally done well, while consumers face higher prices, especially for fuel and travel.
Key Facts
The war began with U.S. and Israel bombing Iran, leading to uncertainty in markets and rising oil prices.
Initial market reactions included a decline in major U.S. stock indexes like the Dow, Nasdaq, and S&P 500.
Since late March 2026, stock markets have recovered significantly, with major indexes rising 19% to 27%.
Oil prices jumped from about $72 to nearly $120 per barrel early in the conflict due to disrupted tanker movements in the Strait of Hormuz.
Although oil prices have dropped from their peak, they remain about 20% higher than before the war started.
Higher oil prices have increased costs for consumers, affecting fuel, food, and travel prices.
The International Monetary Fund noted opposing forces in the economy: the war slows growth, but advances in artificial intelligence support it.
Overall, investors have benefited, but everyday people traveling or buying goods feel the cost increase.
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A new report shows South West Water has the worst environmental record among English water companies, releasing the most sewage in parts of the southwest. The company also has some of the highest customer bills, which have increased sharply since 2024. South West Water says it is working to improve water quality and meet future legal standards.
Key Facts
South West Water operates in Devon, Cornwall, Dorset, and Somerset.
It has the highest sewage spill duration, averaging over 574,000 hours yearly since 2024.
The company recorded 666 pollution incidents at bathing sites in 2025.
South West Water manages more than one-third of England’s designated bathing waters.
Customer water bills for South West Water are about £726 annually and have risen 39% since 2024.
Southern Water has the most expensive water bills in England and the largest increase since 2024.
Friends of the Earth urges the government for stronger laws to improve water health and suggests nationalizing water companies.
The government plans major reforms for the water sector to reduce pollution and keep bills affordable.
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One Nation won the Secret Harbour byelection in Western Australia, defeating the Labor Party. This victory highlights growing support for One Nation and shows that major parties like Labor and the Coalition are struggling to address voter anger.
Key Facts
One Nation’s Luke Herdegen won the Secret Harbour seat, previously held by Labor.
The result showed a swing of over 20% toward One Nation against Labor.
One Nation leader Pauline Hanson says the win reflects anger toward Prime Minister Anthony Albanese and the Labor government.
Nationals defector Barnaby Joyce said politics is shifting in favor of One Nation.
The byelection is seen as a sign that One Nation could take seats from both Labor and the Coalition in future elections.
Labor and Coalition have had trouble explaining One Nation’s immigration policies to voters.
The Secret Harbour area is inside the federal seat of Canning, held by Liberal MP Andrew Hastie.
Labor Prime Minister Albanese called on his party to strongly oppose One Nation’s politics to prevent more wins.
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Six months into the war involving Iran, major U.S. oil companies have reported their highest profits since 2022 by selling less oil at higher prices. However, the conflict has also caused disruptions in the Gulf region, especially near the Strait of Hormuz, which affects oil shipments and threatens the future of energy investments there.
Key Facts
Brent crude oil prices increased about 22% since the war started, rising from $72 to $88 per barrel.
The Strait of Hormuz, a critical route for about 20% of the world's oil and gas shipments, remains mostly closed to commercial traffic.
Iran and Oman agreed on a temporary naval route, but Iran says the strait will not fully reopen until a U.S. peace deal commitment is met.
U.S. energy companies are producing 30-40% less oil and gas from the Gulf region this year compared to last year.
Chevron earned $12 billion in adjusted profits recently, with limited exposure to Gulf supply disruptions (only 5% of its output comes from the Arab Gulf).
ExxonMobil, which depends more on Middle Eastern oil and gas (about 20% of its production), saw a $1.3 billion drop in upstream earnings in the first half of 2026 compared to 2025, but higher prices offset this loss.
The Gulf's energy market is mainly controlled by state-owned companies, but U.S. firms have significant roles through stakes, partnerships, and contracts.
Ongoing conflict and instability threaten future projects and investments by U.S. oil and gas companies in the region.
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Nigel Farage, leader of Reform UK, has received large donations from billionaire Christopher Harborne, who has extensive business interests in the military industry. Harborne’s companies work with former military personnel and develop military technology, raising questions about possible influences on Farage’s political positions.
Key Facts
Christopher Harborne is a billionaire with business interests linked to the military and arms industry.
Harborne has donated most of Reform UK’s funding and gave Nigel Farage an undeclared £5 million gift under investigation.
Harborne’s companies include suppliers to the US military and a private firm that develops autonomous weapons.
Many of Harborne’s business partners are former military officers, pilots, and intelligence officials.
Farage supports cryptocurrency policies that could benefit Harborne’s other investments.
Harborne started his career after private school and Cambridge, later moving to Thailand and establishing his business empire.
One of Harborne’s companies, Subsea Resources, had directors with backgrounds linked to UK intelligence services.
Harborne’s role as a major donor and his military ties raise concerns about possible conflicts of interest in UK politics.
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The Australian government is thinking about letting people choose whether to have social media algorithms control what they see. They are also considering rules like a UK ban on showing strangulation and suffocation in pornography, as part of efforts to reduce family and sexual violence. These ideas come after concerns about harmful content on social media influencing young people's behavior.
Key Facts
Australia may allow users to opt in or out of social media algorithms that control content recommendations.
The UK has banned pornography that shows strangulation and suffocation, and Australia is looking at similar rules.
Social Services Minister Tanya Plibersek linked social media algorithms to the rise in sexual violence and the normalization of choking during sex among teenagers.
A 16-year-old girl in Sydney died after a suspected sexual strangulation incident; no arrests have been made.
Social media reportedly shows boys violent and misogynistic content within 23 minutes of signing up.
Around 60% of young people report experiencing strangulation during sexual encounters.
Australia has already banned social media use for children under 16 and introduced age checks for accessing pornography.
The government plans new digital laws to hold tech companies responsible for online safety and privacy, including handling new technology like smartglasses.
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Grape farmers in California's Napa Valley are having trouble selling their grapes because fewer people are buying wine. Many grapes are left unharvested and go to waste due to lower demand in the wine market.
Key Facts
California's Napa Valley is a major area for growing wine grapes.
Wine sales have dropped, causing less demand for grapes.
Many grape growers cannot sell all their grapes.
Unsold grapes are left to rot in the vineyards.
The situation is causing financial problems for grape farmers.
The shrinking wine market affects the whole grape-growing industry.
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