Schwab, Fidelity, and Vanguard each have different default beneficiary clauses, so a blank IRA form can send your account to your kids or your estate.
An estate inheriting an IRA triggers a 5-year withdrawal rule instead of 10, costing heirs an extra $2,430 in federal tax per child before state taxes.
Naming primary and contingent beneficiaries on every account, including Roth IRAs, and re-filing after any rollover or divorce takes about ten minutes.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Picture two widowed parents. Each leaves a $600,000 traditional IRA to two grown kids, and neither one ever filled out a beneficiary form. One family gets a decade to draw the money down on its own schedule. The other gets five years, a probate filing and a faster tax bill.

#form #kids #gets #schwab

Florida voters on Tuesday approved a major overhaul of the state's property tax system. But the droves of billionaires and other ultrawealthy people who recently moved there are unlikely to notice much of a difference from its headline tax break.
Amendment 3—which raises the homestead exemption on non-school property taxes from $50,000 to $150,000 in 2027 and to $250,000 in 2028—passed with 62% of the vote, according to the ***** ociated Press. Supporters pitched Amendment 3 as relief for everyday homeowners, and for many, it is. But because the exemption is a flat dollar amount, it does far less for the billionaires who turned South Florida into one of the country's wealthiest enclaves.
Take Citadel CEO Ken Griffin, who moved his firm from Chicago to Miami, and Amazon founder Jeff Bezos also moved to Miami in 2023 and has since bought a $237 million compound on Indian Creek, the island nicknamed "Billionaire Bunker." Bezos is also reportedly buying a $69.5 million oceanfront estate in nearby Golden Beach.
Experts told Fortune, though, the bigger factor of Amendment 3 for people like Griffin and Bezos is a less-noticed part: a tighter limit on how fast taxes can rise on second homes, rentals, and other properties that aren't a primary residence. Florida caps how much those properties' taxable values can increase each year, and Amendment 3 cuts that cap from 10% to 5%. In a hot market like South Florida's, that slows tax growth on homes whose values are climbing quickly, and many wealthy buyers own more than one.
But for a billionaire who claims a Florida homestead, the savings from Amendment 3 aren't that noticeable. Raul Gastesi, a real estate attorney and cofounder of Miami law firm Gastesi Lopez Mestre & Cobiella, calculated that at the statewide average non-school tax rate, the expanded exemption will save a homestead owner about $2,085 a year once fully in place. A home ***** sed at $350,000 would see its local services property tax bill fall from about $3,135 to about $1,050. A $50 million homestead would go from about $524,000 to about $522,000.

#Florida #moved

BUFFALO Funds, an actively managed mutual fund advised by Kornitzer Capital Management, released its third-quarter 2026 investor letter for "Buffalo Growth Fund". The letter can be downloaded here. The Buffalo Growth Fund advanced 4.57% in Q3, significantly outperforming the Russell 3000® Growth Index's 0.45%. The primary driver of this outperformance was stock selection in Information Technology, particularly among hyperscaler stocks that benefited from higher cloud revenue. However, rising oil prices and inflation challenged the market, prompting the Federal Reserve to raise interest rates for the first time since July 2023 and prompting caution within the Fund. The fund has reduced some positions, noting the cost of capital's impact on business models. There is optimism for hyperscalers following the upcoming Anthropic IPO, which could provide investor transparency for future capex. Also, check the Fund's top five holdings to see its best picks for 2026.
In its Q3 2026 investor letter, Buffalo Growth Fund noted that it sold its position in SanDisk Corporation (NASDAQ:SNDK) during the quarter. SanDisk Corporation (NASDAQ:SNDK) is a US-based semiconductor company that provides data storage devices and solutions using NAND flash technology for AI developers and enterprise workloads. On November 03, 2026, SanDisk Corporation (NASDAQ:SNDK) closed at $1,126.52, with a $160.29 billion market capitalization. Driven by strong momentum, SanDisk Corporation (NASDAQ:SNDK) has surged 335.83% year-to-date, trading within a 52-week range of $164.56 to $2,354.39.
Buffalo Growth Fund stated the following regarding Sandisk Corporation (NASDAQ:SNDK) in its Q3 2026 investor letter:
"In the previous quarter we determined the portfolio was lacking exposure to the memory ***** e and initiated small positions in both Micron and Sandisk Corporation (NASDAQ:SNDK). Unfortunately, the timing on Sandisk was poor as the stock advanced rapidly through the end of June and then experienced the bottom drop out with nasty momentum unwind in July. We decided to take losses on Sandisk and move on from a ***** e that has historically been incredibly cyclical. Typically, cyclical businesses like this aren't where we focus our time and this experience reminded us of that."
Sandisk Corporation (NASDAQ:SNDK) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 128 hedge fund portfolios held Sandisk Corporation (NASDAQ:SNDK) at the end of the second quarter which was 114 in the previous quarter. While we acknowledge the potential of Sandisk Corporation (NASDAQ:SNDK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#Growth

Some Democrats worry that the blowup between the two former primary rivals is imperiling their hold on the seat.
Democratic nominee for U.S. Senate Abdul El-Sayed speaks during a campaign event at Cass Technical High School on Oct. 24 in Detroit. | Paul Sancya/AP
31/10/2026 9:46 AM GMT+9

#abdul #cass

The England and Wales Cricket Board (ECB) introduced central contracts in 2000 as a way to give them more control over their best players.
Last week, the ECB issued 39 central contracts to men's players for the 2026-27 season. Of them, 30 were full central contracts; the other nine were development contracts.
For the 2025-26 term, the ECB announced their women's central contracts at the end of November. Then, 17 players were on full contracts and four players were on 'skills' deals, akin to the men's development contracts.
Should a player receive an ECB central contract, the ECB effectively becomes their primary employer ahead of the county side that they also represent.
It is expected that the ECB will pay most or all of a centrally contracted player's salary, although that will be decided on a case-by-case basis.

#contracts #central #england #Cricket

Bruised and battered, the Carolina Hurricanes met their first loss in seven games against the Calgary Flames – missing key pieces of their lineup in the second half of their back-to-back weekend set. The Flames took the game with a 3-2 win, ironically mirroring the same score the Hurricanes had in their win against the Winnipeg Jets just the day before.
Entering Sunday night's contest, Carolina was not just missing Jordan Staal and Taylor Hall, but it was also Mark Jankowski – who had centered Staal's third line – due to a lower-body injury. Following the game, head coach Rod Brind'Amour further discussed that Jankowski had been shipped back to Raleigh to have his injury checked out.
The game honestly played out very similarly to the one against the Jets Saturday, with the first period ending in a 0-0 tie, and the second period ending in a 2-2 tie, with the third period having the singular goal – the game-winner.
In the second frame, Jesperi Kotkaniemi scored first on a slick wrist shot with help from Nicolas Deslauriers and Eric Robinson in a shift that their line was determined to find twine on.
Jesperi Kotkaniemi gets the first goal of the game–and his second goal in as many games!
Nicolas Deslauriers with his first point of the season on the primary **** ist!#CarolinaCulture #flames #NHL pic.twitter.com/X3ikBu9baY

#first #flames #back #Jets

National Republicans have spent months trying to rescue Ken Paxton. He's complicating that effort.
Tensions are brewing with some Republicans after POLITICO published Paxton's closed-door comments that "D.C." Republicans were largely controlling his race.
"He is welcome to raise his own money and say whatever he wants," said one Republican involved in the Paxton rescue effort, who like others in this article was granted anonymity to speak candidly. "In fact, if he did that, he'd probably be winning right now and we wouldn't need to spend all this money."
"This just seems like Paxton preparing to blame others for what might be one of the most embarrassing defeats in modern political history," said Carlos Curbelo, a former Florida GOP representative.
Senate Republicans and top operatives didn't want to be in this position in the first place. Many had warned that the Trump effort to unseat Sen. John Cornyn and back Paxton in the primary would cost Republicans hundreds of millions to drag Paxton across the finish line in the general election. Cornyn and Senate GOP groups spent millions of dollars on ads during the primary attacking Paxton over his series of scandals and warning he was a flawed candidate.

#republicans #spent #rescue

WASHINGTON (AP) — The Federal Communications Commission is considering a request by a conservative group to loosen rules on political robocalls, including those with artificial intelligence-generated voices, before November's midterm elections.
Federal law currently bans most robocalls to cellphones unless the caller gets consent beforehand. The petition calls for a waiver that would allow political groups to use artificial or prerecorded voices in unsolicited wireless calls.
The Republican-led FCC advanced the request for public comment and could rule on it as soon as late October.
Consumer advocacy groups warn the proposed change could trigger a surge of unwanted, partisan and potentially misleading automated calls in the critical final days of the election, which will determine which party controls Congress for the final two years of President Donald Trump's term.
The potential perils became evident two years ago during the presidential primary season when thousands of voters in New Hampshire received a robocall with an AI-generated voice of then-President Joe Biden. The call suggested voters should forgo casting a ballot in the primary and "save" their votes for the general election.

#federal #robocalls #artificial #generated

Jamie Lee Curtis came from Hollywood royalty: parents Janet Leigh and Tony Curtis
Janet and Tony welcomed daughters Jamie Lee and Kelly Lee before divorcing in 1962
The Oscar-winning actress has previously credited both of her parents for encouraging her to pursue a career in acting
Jamie Lee Curtis inherited the acting gene from her parents, Janet Leigh and Tony Curtis.
The Halloween actress was born in November 1958 — seven years after Janet and Tony married in 1951. Jamie Lee was raised alongside her older sister, the late Kelly Lee Curtis, in Los Angeles. After Janet and Tony divorced in 1962, Janet took primary care of the girls, which resulted in a deep bond between the mother and her daughters.

#curtis #daughters

Kim Kardashian and Kanye West's kids have a squad of nannies helping them around the clock. During a recent interview, the 45-year-old mom revealed that she has help at home. While she reportedly hired five nannies, one is always on duty. For those unversed, the socialite has four kids: North, Saint, Chicago, and Psalm. She has primary custody of her children after her divorce from West.
Kim Kardashian has been raising her four kids with the help of five nannies. Recently, the reality TV star opened up about her personal life and daily routine in an interview with The Times. She talked about her children and how she's raising them. Kardashian admitted that she has a surprising amount of help.
She said that she has "one nanny on duty" and four nannies on rotation. With a whole help squad, Kardashian has been taking care of her four kids. Despite the nanny squad, she makes sure to be present in the children's lives as much as possible. Therefore, she is on school duty as the mom drops off and picks up the kids from school every day. She also has dinner with them daily and reads bedtime stories to them.
"I'm extremely patient and loving. I still have a kid sleep in my bed when they want. I read books with the kids every night," Kardashian said. Meanwhile, Saint, 10, Chicago, 8, and Psalm, 7, have not reportedly shown much interest in the entertainment world. But the socialite addressed how her eldest daughter, North, 13, has already been making her way into the music and fashion industries.
"Each kid does what they're comfortable with. So, my little ones come around when I'm filming, but they don't really do storylines. North loves it a little bit more than the rest," Kardashian added.

#kids #north #squad #Chicago

Wealthy baby boomers have spent decades building their fortunes—and the foundations, donor-advised funds, and giving traditions that come with them. But as the $124 trillion Great Wealth Transfer gets underway, a growing share of the older generation isn't so sure their kids will carry on tradition the way they hope.
Fewer than half of wealthy Americans (47%) believe the next generation is prepared to take on family philanthropic causes, down from 55% in 2024, according to research from Bank of America released last week. The share of parents who believe their children share their commitment to giving back fell even more sharply to 65% from 76%. The bank surveyed more than 1,430 wealthy individuals in the U.S. aged 21 or older with at least $3 million in investable ******* ets, excluding primary residence.
The confidence gap in philanthropy mirrors a broader anxiety wealth advisors have noticed about whether heirs are ready for any of it.
"This is a very real concern I'm hearing from ultra-affluent families right now," Tom Thiegs, managing director of leadership and legacy at Ascent Private Capital Management with U.S. Bank, told Fortune of parents' fears that wealth could dampen their children's drive. Trent Von Ahsen of Cedar Point Capital Partners also told Fortune his clients are leaning on mentorship and phased wealth transfers rather than lump-sum inheritances.
But the irony is younger donors are, by several of the study's measures, more engaged donors than older generations. Gen Z and millennial donors support an average of 12 charitable causes, compared with eight among wealth donors overall. They're also roughly twice as likely to use a donor-advised fund, and 87% say honoring their family's philanthropic tradition is important. Meanwhile, 86% say it's equally important to establish their own charitable identity.

#advised

Survivor: China alum Jaime Dugan reportedly failed to return her 16-year-old son, Harper, to his father, Erik Huffman, after a weekend visit in August
The FBI reportedly has opened an investigation into Dugan and her son has been declared a missing person
Dugan's ex-husband Erik has primary custody of Harper
An investigation is ongoing into Survivor: China alum Jaime Dugan.
Dugan, 41, reportedly failed to return her 16-year-old son, Harper, to his father, Erik Huffman, after a weekend visit in August, and the FBI has opened an investigation, per the Daily Mail. Erik — who Dugan met on Survivor: China in 2007, married in 2009 and split from in 2024 — has primary custody of Harper, the outlet reported.

#harper #survivor #reportedly #investigation

When it comes to the battle for control of the U.S. Senate, Republicans are mostly playing defense. The lion's share of the races that will decide which party secures a majority in November are in red states — including Texas, Iowa and Ohio — where the GOP is hoping to hold on against ascendant Democratic challengers.
Minnesota is one of the few states in the country where the party is in a position to go on offense and potentially turn a blue seat red.
In pursuit of that goal, the GOP has put its hopes in Michele Tafoya, a former sports broadcaster and NFL sideline reporter turned politician who polls suggest has a real chance of winning in a state that has been dominated by Democrats in recent election cycles.
Tafoya is running for the seat currently held by Democrat Tina Smith, who is not pursuing re-election. Instead her opponent will be Minnesota Lt. Gov. Peggy Flannagan, a progressive who supports policies like Medicare for All and abolishing Immigration and Customs Enforcement.
Minnesota has been at the center of some of the biggest controversies of President Trump's second term, particularly his administration's sweeping immigration crackdown. Though a majority of Minnesotans disapprove of Trump's performance as president, Tafoya has steadily chipped away at Flanagan's lead in polls since the primary.

#tafoya

Tyrese Gibson's ongoing custody battle with his ex-wife has taken another turn, with the actor now seeking an arrest warrant against Samantha Lee Gibson over allegations that she violated their parenting agreement by moving their daughter across the country.
According to court documents that TMZ obtained, the Fast & Furious star alleges that Samantha's decision to relocate their daughter, Soraya, from Georgia to Oregon in September 2025 was "premeditated." He also accuses her of failing to facilitate visitation, despite a parenting agreement the former couple had reached just one month before the move.
Samantha isn't backing down. She has opposed the warrant, maintaining that she has primary custody of Soraya and accusing Tyrese of misrepresenting the circumstances surrounding their daughter's relocation. According to her response, Tyrese knew about the move well in advance, and she never attempted to conceal her plans.
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But the disagreement over Soraya's move began well before the latest filing. In August 2025, Samantha informed Tyrese that she intended to relocate to Oregon, explaining that the decision followed considerable prayer and reflection. She also suggested that living closer to his Los Angeles home could make extended visits easier.

#tyrese #move #soraya #custody

PUBLISHED
OCT 03, 2026 AT 07:38 PM EDT
Tennessee officials are still investigating why death row inmate Christa Pike survived an execution attempt after receiving two doses of pentobarbital, a drug intended to render a person unconscious and ultimately cause death.
While the immediate focus has been on what went wrong inside the execution chamber, experts say Pike's case has also renewed scrutiny of a problem that has been building for more than a decade: how states obtain lethal injection drugs after pharmaceutical companies moved aggressively to keep their products from being used in executions. Despite those efforts, pentobarbital remains the primary execution drug used by many death-penalty states, making questions about sourcing, testing and oversight especially significant.
The issue has reshaped how many states carry out executions, forcing them to change drug protocols, seek alternative suppliers and adopt increasingly secretive procurement practices.

#pentobarbital #executions #published #tennessee

Democratic donors are pouring money into Senate races as Republicans build an advantage in gubernatorial contests that could shape the party’s future.
Florida Democratic gubernatorial candidate David Jolly speaks in front of supporters during a primary election night watch party Aug. 18, 2026, in Miami Lakes, Florida. | Rebecca Blackwell/AP
Jonathan Martin is POLITICO’s senior political columnist and politics bureau chief. He’s covered elections in every corner of America and co-authored a best-selling book about Donald Trump and Joe Biden. His reported column chronicles the inside conversations and major trends shaping U.S. politics.
FORT LAUDERDALE, Fla. — Perhaps emboldened by the rush of sweet tea he was sipping at The Floridian, an Old Florida institution here, David Jolly told me he “can get outspent by $100 million and win this race.”

#democratic #gubernatorial

The failed execution of Christa Pike in Tennessee on Wednesday has added new fuel to the longstanding debate over the death penalty in the United States. It has also drawn new scrutiny to the question of whether lethal injection, the nation's primary method of execution for the past 40 years, is truly a "more humane" alternative to other ways of putting someone to death.
Pike was given a death sentence in 1996 after being convicted of killing her classmate, Colleen Slemmer, in an attack she carried out with her then boyfriend. After 30 years on death row, and a last-minute legal battle that temporarily delayed her execution, Pike was scheduled to be put to death on Wednesday night.
However, the two doses of pentobarbital she was given proved not to be fatal. According to witnesses, Pike remained alive and snored loudly for 40 minutes after the drugs were administered. Eventually, the execution was called off and she was taken to the hospital for treatment.
Pike's attorney Randy Spivey reported Thursday afternoon that she was in critical condition and receiving "life-saving care." She was unconscious and placed on a ventilator in the hospital, according to a filing by her legal team on Friday.
Spivey admonished the state for going forward with lethal injection despite his warnings ahead of time that a blood-clotting disorder called thrombocytosis "would cause her to suffer an agonizing death." Pike's attorneys had asked the courts to permit her to die by hanging, but the request was denied.

#pike #years #given

It looks like Jim Carrey is ready for his next chapter.
In Touch can confirm that the Mask star, 64, listed his three-bedroom, four-and-a-half-bathroom house in Hawaii for $35 million after it was revealed this week that he recently married girlfriend Min Ah in a small private ceremony in Los Angeles.
The actor purchased the 4,717-square-foot home, located roughly 170 feet along the water on Keawakapu Beach in Kihei, nearly a decade ago in November 2016 for $16.5 million.
Designed by Ike Kligerman Barkley, the primary residence sits under a thatched roof and is framed in Douglas fir and lined in woven bamboo, according to a listing. The great room rises into the trusses and opens fully to a covered stone lanai.
ZUMAPRESS.com / MEGA

#carrey #beach #november

Five years after Bethenny Frankel and ex-husband Jason Hoppy finalized their contentious divorce, the reality TV star is revealing where they stand now.
The Real Housewives of New York alum, 55, appeared on the September 29 episode of Benny Blanco's Friends Keep Secrets podcast, where she was asked whether she's been married. In addition to her marriage to Hoppy, Frankel was married to Peter Sussman for just a year, from 1996 to 1997.
"The second one was a 2-year marriage and then a 10-year, horrible, horrendous, worst of my life divorce," the Bravo alum candidly confessed, before admitting she's "not exactly" cool with her daughter's father.
When asked whether the two reached a place where they can "co-exist," she then quipped, "We do co-exist, on this earth. We both do exist on this earth, so that's positive."
The pair separated in December 2012, more than two years after tying the knot in March 2010. Though Frankel filed for divorce in 2013, it wasn't completely finalized until January 2021, due to a custody battle over their daughter, Bryn. In 2021, Frankel was granted primary residential custody of the teen, now 16, freeing her from paying child support to Hoppy, 55.

#frankel #hoppy #whether

LifeMD, Inc. (NASDAQ:LFMD) announced an exclusive healthcare collaboration on September 15 that initially makes virtual-health membership benefits available to approximately 29 million eligible AT&T wireless and fiber customers across 11 states. Customers must be 18 or older, and some services have additional eligibility and state restrictions. A nationwide expansion planned for January 2027 would extend eligibility beyond 100 million customers.
The $19 monthly membership fee is waived, but customers must enroll. Visits, prescriptions, and other services remain separately payable. For LifeMD, Inc. (NASDAQ:LFMD), the opportunity is converting access to a large audience into recurring demand for paid care.
The partnership gives LifeMD, Inc. (NASDAQ:LFMD) a distribution channel through the website, mobile app and customer-benefits program of AT&T Inc. (NYSE:T). Reaching customers through an established relationship could reduce reliance on advertising and lower acquisition costs per paying patient.
Removing the membership charge also reduces the financial commitment required to try the service. Announced visit prices start at $29 for message-based care, $49 for urgent and primary care video visits, and $79 for specialty care. Customers may use insurance, Medicare, or discounted cash-pay rates for visits and prescriptions.
LifeMD, Inc. (NASDAQ:LFMD) could benefit from repeat consultations and prescription fulfillment when clinically appropriate. Primary care, chronic-condition management and other services create opportunities for continuing patient relationships. If satisfied patients return, the revenue earned over those relationships could exceed the cost of acquiring and serving them.

#Services

As a Californian, I can say this: If there are two industries that residents of the Golden State really don't like, it's insurance providers and utilities.
Interestingly, with the state considering wildfire reform legislation, those industries are at odds with one another. That's material for investors considering stocks such as PG&E (NYSE: PCG). The company known to California customers as Pacific Gas & Electric is one of the four major investor-owned utilities in the state, and due to the state having some of the highest utility rates in the U.S., PG&E and friends don't have a lot of fans in the state.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Of course, investing isn't a popularity contest. There are plenty of stocks that are often vilified in the court of public opinion that also deliver compelling returns. This year, oil equities certainly check that box. But the biggest risk to prospective PG&E investors isn't how Californians feel about the utility. It's the goings-on in Sacramento.
For those who are new to utility stocks, the primary reasons investors have embraced this sector over the years are above-average dividend yields, below-average risk profiles, and, more recently, inroads to the artificial intelligence (AI) trade.

#state #signal

The CLARITY Act failed to pass votes in the Senate earlier this week, a piece of legislature that would set out guardrails and ground rules for crypto **** ets in the U.S. With the failure of passage, the Securities and Exchange Commission took matters into its own hands, passing a conditional exemption Thursday for tokenized stocks. This Innovation Exemption allows for a limited type of tokenized securities to trade on specific Tokenized Securities Venues (TSVs), giving them a 5-year runway to prove their trading chops.
Tokenization is one of the latest trends in the investing world, whereby an **** et is represented digitally on a blockchain. It's seen as the next frontier in finance, with digital trading opening up greater access both for a broader investor base as well as the potential to trade 24/7, while also offering the potential for increased efficiency. However, some argue that tokenized **** ets come with added, unique risks and that by moving investments to the blockchain you introduce greater exposure to bad actors in an as-yet unregulated **** e in the U.S. That is, until now.
The SEC exemption allows for a specific type of tokenized stocks to be traded, specifically ones that retain the investor rights of the stock they are tied to (voting and dividends for example). Only tokenized U.S. National Market System (NMS) stocks qualify that trade through U.S. venues who have established standards for who can trade, limit trading volumes to a certain percentage of the stock, and make public their trading activities as well as any affiliates on the TSV. In addition, venues must halt trading when the primary exchange halts, and leverage is not permitted. Any company that does not want tokenized shares has 30 days to object and prevent their shares from being created.
It's important to note that currently there are two main types of tokenized securities, those that are directly linked to the **** et they represent digitally and those that provide synthetic exposure. Of the two, only the direct exposure tokenized stocks qualify that meet all of the exemption's restrictions.
"The Commission is not cementing today's technology as the standard for tomorrow. Instead, it is allowing the market to evolve, monitoring its development, and using that insight to inform a nimbler and future-ready regulatory framework," SEC Chair Paul Atkins said in a statement.

#exposure #commission

Super Micro Computer (SMCI) stock rose 9.5% on Thursday, September 17, closing just over $40. The move followed a bullish call on how big the market for AI servers gets. That call may well be right. But it answers a question Super Micro's own results never raised. That is why one big session tells you less than it looks like it does.
Analysts at Goldman Sachs said the addressable market for AI servers will expand aggressively through the end of the decade. That is a forecast about an industry rather than about one manufacturer. Another account of Thursday morning's climb credited a broader equity rebound after Wednesday afternoon's Federal Reserve rate decision, not the forecast. Hewlett Packard Enterprise (HPE) jumped 8.0% the same day against the S&P 500's 1.1% gain, showing that capital was rotating heavily into primary AI server makers.
Company-specific headlines that day ran the other way: after the close, a shareholder rights law firm issued a press release soliciting clients for a potential investigation into company management.
A bigger market is not what this company is short of. In its fiscal fourth quarter, ended June 2026, Super Micro booked over $60 billion of new orders. That backlog underpins management's fiscal 2027 revenue guidance of $65 billion to $72 billion—up sharply from the $39 billion booked over the prior twelve months, but spread out as delivery and deployment constraints allow customers to take delivery.
What it is short of is customers ready to take delivery. Super Micro sells data center building block solutions, which bundle the servers with the power, cooling, networking and software around them. The company's manufacturing capability is on track to include more than 3,000 direct liquid-cooled racks a month.

#forecast

Merck (MRK) stock returned about 87% over the past twelve months, climbing from roughly $79 to about $147. Nothing in the year's results looks like that. The medicines Merck sells today grew at their usual pace. Investors spent the year repricing what comes next.
Revenue over the trailing twelve months was $66.6 billion, up 4.6% and in line with its own three-year pace. Profitability did not follow. Its operating margin over the same twelve months was 10.5%, versus a three-year average of 22.4%.
Most of that gap is one purchase. Merck took a $5.7 billion charge in the second quarter of 2026, about 9% of a year's sales. It bought Terns Pharmaceuticals, and with it MK-4208, a candidate for chronic myeloid leukemia. The bill hits earnings now and the medicine arrives later.
The proof matters because of the risk hanging over this stock. The KEYTRUDA family was just over half of Merck's revenue in the second quarter of 2026. The company is openly planning for the end of that exclusivity when Keytruda loses primary U.S. patent protection in 2028. Management describes the stretch as more of a hill than a cliff, with a shallow dip and a fast return to growth.
Johnson & Johnson (JNJ) returned 56% over the same twelve months and Pfizer (PFE) 23%, so a good year for pharmaceuticals explains some of this but not Merck's lead. What separated Merck was evidence. The FDA approved LIPFENDRA, the first and only oral PCSK9 inhibitor. In the CORALreef Lipids trial it lowered LDL cholesterol by up to 60% when added to a statin.

#year #johnson

By Nolan D. McCaskill
WASHINGTON, Sept 19 (Reuters) - Democrats are seeking to reclaim Congress, but lingering divisions from a bruising run-up to the November election threaten to imperil the party's attempt to claw back power from President Donald Trump's Republicans.
With control of both chambers at stake, Democrats have sought to move past the bad blood of the primaries, but in several competitive states, influential party figures have withheld endorsements or so far declined to campaign with nominees for the November 3 US midterm elections.
In ‌Maine, the governor has yet to endorse the Democratic US Senate candidate. In Texas, a congresswoman has declined to campaign alongside the state representative who defeated her in the Democratic Senate primary. In Michigan, establishment centrists are steering clear of the party's progressive Senate ‌pick. In New York, victorious democratic socialists are criticizing congressional Democrats for joining Republicans in condemning socialism. In Florida, the party has yet to rally behind its Senate nominee.
"Whether you are a progressive or an establishment Democrat or a conservative Democrat, we all have a vested interest in getting every single person over the finish line in November," said US Representative Summer Lee, a progressive Pennsylvania Democrat up for reelection.

#november #democrat #representative #declined

On September 8, 2026, CNBC reported that Novartis AG (NYSE:NVS) shares fell about 10% after the company said its experimental drug del-desiran failed to meet its primary goal in a late-stage trial for myotonic dystrophy type 1.
It marked the company's third clinical setback in a week following the earlier failure of cardiovascular drug pelacarsen and a separate pause of eight trials of cell therapy rap-cel after three patient deaths. The decline erased roughly 24 billion Swiss francs, or about $29.6 billion, in market value and put Novartis on pace for one of its worst trading days in company history.
Remibrutinib provides a major remaining pipeline catalyst since Novartis AG (NYSE:NVS) reported successful late-stage results for remibrutinib in multiple sclerosis. It gives investors a credible growth driver after the failures of pelacarsen and del-desiran. The business expects more remibrutinib data later this year, making the drug an important test of whether its remaining pipeline can help long-term growth.
Novartis still expects 5% to 6% annual sales growth through 2030. Management reaffirmed its full-year financial guidance and maintained its target for 5% to 6% compound annual sales growth from 2025 through 2030. That guidance shows the company still expects its overall portfolio and remaining pipeline ******* ets to offset pressure from aging drugs.
The company retains a diversified commercial portfolio. The del-desiran failure removes a potentially important future revenue contributor, but Novartis still makes substantial revenue from its existing medicines. It also retains other pipeline ******* ets. That diversification gives the firm financial capacity to absorb individual clinical failures while it rebuilds investor confidence in its growth pipeline.

#company #remibrutinib

Data center developer Crusoe said Thursday it raised $3.9 billion in a Series F round that pushes its valuation to $30.9 billion. The massive round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners. Founders Fund, GIC, Nvidia, Qatar Investment Authority (QIA), Radical Ventures, and TPG also participated, according to Crusoe.
Crusoe also announced three new board members, including Cloudflare CFO Thomas Seifert; Bill Stein, partner and CIO at Primary Digital Infrastructure; and Redwood Materials founder and CEO JB Straubel, who also sits on Tesla's board. Straubel already has ties to Crusoe; he personally invested in the company in 2021, and Crusoe later became the first customer of Redwood's energy storage business.
The eight-year-old company's fresh capital infusion will help finance existing data center projects, including a large site in Abilene, Texas, used by OpenAI, as well as smaller, modular AI factories that can be transported by truck and connected to large power sources almost anywhere.
By manufacturing these modular data centers, called Spark, at its own facilities, Crusoe can deploy compute capacity quickly and without the need for large construction workforces. The smaller centers could also help Crusoe sidestep, at least in part, another major obstacle facing data center developers: backlash from local communities protesting massive complexes near their neighborhoods.
Crusoe co-founder and CEO Chase Lochmiller, who is pictured above, said in a statement he believes AI will usher in an era of abundance, but to get there will mean "controlling the infrastructure from electrons to tokens, and we're grateful to have investors who share that conviction."

#straubel #round

In late 2022, OpenAI released ChatGPT, and within months the bottom rung of the tech-industry career ladder started to disappear. Graduates who majored in computer science and other AI-exposed fields are increasingly missing out on the jobs they trained for, and a chunk of them are landing behind restaurant counters and retail registers instead, according to two Census Bureau papers.
An April 2026 Census paper tracked matched employer-employee records and found that hiring of workers ages 22 to 24 fell sharply in the industries most exposed to AI, while hiring in less-exposed industries held steady. Employment for early-career workers in the most AI-exposed fifth of industries dropped 12% over the ten quarters after ChatGPT's release. Lee Tucker, one of the coauthors of the paper, said "the decline in hires is the primary cause" of that rate of unemployment, not people losing jobs they already had.
That mattered most for one type of graduate. The most AI-exposed industries, Tucker found, cluster heavily around software and information-technology work, which are the very fields computer science and other highly AI-exposed majors are built to feed into.
A second paper from last week, also coauthored by Tucker, follows the graduates of the most AI-exposed decile of college majors. Their odds of holding a job one quarter after graduation fell by five percentage points, and full-quarter initial earnings dropped 13% following ChatGPT's release. A 13% earnings decline is roughly the size economists would expect from graduating into a severe recession—except there wasn't one, since the rest of the labor market held up fine.
Young grads still need to work and still have jobs, even if they've received highly exposed degrees. So the decline in earnings is less about a lack of employment and more about pursuing lower-wage occupations to make ends meet.

#graduates

Evommune, Inc. (NYSE:EVMN) announced on September 8 that EVO756 missed its primary endpoint in a randomized, double-blind, placebo-controlled Phase 2b trial involving 121 adults with moderate-to-severe atopic dermatitis. The primary measure was the percentage change from baseline in Eczema Area and Severity Index, or EASI, at week 12. No tested dose met the primary or secondary endpoints, and development in that indication will stop.
Evommune, Inc. (NYSE:EVMN) had already discontinued EVO756 for chronic spontaneous urticaria following a June trial failure. Development continues in migraine prevention. The setbacks place greater weight on EVO301, which has positive Phase 2a eczema data and a Phase 2b study planned for mid-2027.
Evommune, Inc. (NYSE:EVMN) has clinical evidence supporting its next eczema program. In February, the company reported that EVO301 met the primary endpoint in a randomized, double-blind, placebo-controlled Phase 2a trial involving 70 adults. Participants received two intravenous doses or placebo over a 12-week study.
Evommune, Inc. (NYSE:EVMN) reported a 55% EASI reduction with EVO301 versus 22% with placebo at week 12, a difference of 33 percentage points. The study met its prespecified Bayesian success criterion, and a separate conventional ****** ysis showed statistical significance at p

Even before we go deeper, I want to be upfront about this. I think Dario Amodei's concerns about the pace of artificial intelligence (AI) development deserve to be taken seriously.
As the CEO of Anthropic, one of the companies building this technology, he has a front-row view of where AI is heading. That alone gives his warnings a perspective most of us don't have.
Dario Amodei published an essay **** led "We Must Pace the Frontier" on Sep. 12, 2026, calling for an intentional slowdown in advanced AI development.
He received remarkable support. OpenAI CEO Sam Altman endorsed it. Elon Musk said Amodei was "right." Even competitors in a fiercely competitive industry agreed that independent evaluators made sense.

This has been a primary topic of discussion for some time. I also think that if AI development continues at its current pace without safeguards, there is a real risk that we could eventually confront the darker side of what the technology is capable of doing.
Yes, of course, the potential benefits are enormous, but so are the consequences if its risks outpace our ability to manage them.

#pace #dario #anthropic #must