Businesses

Hollywood Stars Sign Open Letter Protesting Paramount-Warner Bros Merger (nbcnews.com) 43

More than 1,000 Hollywood figures, including major actors, writers, and directors, signed an open letter opposing Paramount Skydance's proposed takeover of Warner Bros. Discovery, arguing it would hurt an industry "already under severe strain." The deal is still under regulatory scrutiny in both the U.S. and U.K., while Paramount says the merger would strengthen competition and expand opportunities for creators. NBC News reports: "This transaction would further consolidate an already concentrated media landscape, reducing competition at a moment when our industries -- and the audiences we serve -- can least afford it," the signatories wrote in the letter, published early Monday on a website called Block the Merger. "The result will be fewer opportunities for creators, fewer jobs across the production ecosystem, higher costs, and less choice for audiences in the United States and around the world. Alarmingly, this merger would reduce the number of major U.S. film studios to just four," the signatories added.

[T]he open letter illustrates the deep resistance to the deal among many members of Hollywood's creative community. The list of signatories includes A-list stars (Glenn Close, Ben Stiller), celebrated filmmakers (Yorgos Lanthimos, Denis Villeneuve) and acclaimed writers ("The Sopranos" creator David Chase). "Media consolidation has accelerated the disappearance of the mid-budget film, the erosion of independent distribution, the collapse of the international sales market, the elimination of meaningful profit participation, and the weakening of screen credit integrity," the signatories wrote. "Together, these factors threaten the sustainability of the entire creative community," they added.

[...] Monday's open letter letter was spearheaded by a group of advocacy organizations -- including the Committee for the First Amendment, a free speech group led by Fonda, who warned that the merger "would be one of the most destructive threats to free speech and creative expression in our history." In the letter, first reported by The New York Times, the signatories expressed support for California Attorney General Rob Bonta, who has said the merger is "not a done deal." "These two Hollywood titans have not cleared regulatory scrutiny -- the California Department of Justice has an open investigation, and we intend to be vigorous in our review," Bonta said in a Feb. 26 post on X.
Paramount Skydance said that they "hear and understand the concerns" and are committed to "protecting and expanding creativity." The studio also reiterated its commitment to releasing a minimum of 30 "high-quality feature films annually with full theatrical releases" and "preserving iconic brands with independent creative leadership" to make sure "creators have more avenues for their work, not fewer."
The Courts

US Demands Reddit Unmask ICE Critic, Summons Firm To Grand Jury (arstechnica.com) 145

An anonymous reader quotes a report from Ars Technica: The Trump administration has stepped up an effort to unmask a Reddit user who criticized Immigration and Customs Enforcement (ICE). After failing to obtain information through a summons issued (PDF) to Reddit, the government reportedly issued a subpoena demanding that Reddit provide the information and appear before a grand jury in Washington, DC. The Intercept described the subpoena today. "According to a subpoena obtained by The Intercept, Reddit has until April 14 to provide a wide range of personal data on one of its users, whom US Immigration and Customs Enforcement agents have been trying unsuccessfully to identify for more than a month," the article said.

The legal saga began in US District Court for the Northern District of California. On March 12, the anonymous Reddit user whose information is being sought filed a motion (PDF) to quash a summons seeking a host of information from Reddit. The summons was issued by the Department of Homeland Security and directed Reddit to turn information over to an ICE senior special agent. The summons cited authority under 19 U.S. Code 1509, which is part of the Smoot-Hawley Tariff Act of 1930. The motion to quash said the summons is not authorized by the law, which deals with imports of boats, alcoholic drinks, and animals, among other things.

"J. Doe is a US citizen who has not traveled out of the country, is not engaged in any international commerce, has no business concerns outside the United States, and primarily uses their Reddit account to engage in political speech relevant to their local community," said the filing by the Civil Liberties Defense Center (CLDC), which represents the Reddit user. "Yet the government claims the right to obtain Doe's name, telephone number, home address, banking and credit card information, IP addresses, telephone model number(s), and the names of any other accounts associated with their Reddit account. The information sought by the government in no way pertains to customs or importing or exporting merchandise, and is clearly intended to chill free speech."
"We should be very, very, very concerned that they've now taken one of these to a grand jury," said David Greene, senior counsel for the Electronic Frontier Foundation. "It's something to be taken very seriously."

A Reddit spokesperson told Ars today that "we seek to inform users of any legal process compelling disclosure of their data, as we did in this case, because users should have the agency to protect their own information and are often better positioned to challenge requests that impact them."

"We do not voluntarily share information with any government, especially not on users exercising their rights to criticize the government or plan a protest. We review every inquiry for legal sufficiency and routinely object to requests that are overbroad or threaten civil rights. When legally compelled to disclose data, we provide only the minimum required and notify the user whenever possible so they can defend their interests."
The Almighty Buck

Global Ban On Digital Duties Expires After Stalled Talks At WTO Meeting 55

An anonymous reader quotes a report from the New York Times: A global ban on taxing digital streaming and downloads across national borders expired on Monday, after members of the World Trade Organization concluded an annual meeting without agreeing to extend it. U.S. representatives had pushed to extend the ban, which prevents the more than 160 members of the W.T.O. from issuing duties related to e-commerce. But Brazil and Turkey blocked a motion for a longer extension.

U.S. representatives excoriated the outcome as further proof of the organization's irrelevance. The W.T.O. provides a forum for trade negotiations and setting rules for global trade. But U.S. officials have long criticized the group for its failure to police unfair trade practices by countries like China. Over the past year, the Trump administration has further abandoned W.T.O. by issuing its own global framework of tariffs instead. [...] Brazil had pushed for a two-year extension of the moratorium on e-commerce duties, while the United States wanted a permanent one. The countries couldn't come to a compromise, but negotiations are set to continue in Geneva this spring. W.T.O. members also failed to reach an agreement on future reforms for the organization.
Bernd Lange, the chair of the international trade committee for the European Parliament, wrote in a post on X that "supporters of the multilateral trading system are waking up with a hangover."

"We knew that a breakthrough might not materialize, but that doesn't make it any less painful," he wrote, adding that "without an agreement to extend moratorium on digital tariffs, a period of great uncertainty could soon begin for businesses and consumers."

Jonathan McHale, the vice president of digital trade at the Computer & Communications Industry Association, called the outcome "deeply disappointing." He said: "For more than two decades, W.T.O. members have recognized that imposing tariffs on electronic transmissions would be counterproductive, but allowed the issue to become a negotiating football."
Businesses

Amazon Gambles on $4B Push Into America's Rural Areas, May Soon Carry More Parcels Than USPS (msn.com) 22

In many rural areas, America's online shoppers can wait half a week or more for deliveries. But Amazon started a $4 billion "rural delivery push" last year, reports Bloomberg, and has now cut delivery times to under 24 hours for 1 in 5 rural and small-town households, with 48-hour delivery to 62% of rural households. The payoff could be huge. Rural shoppers in the US collectively spend $1 trillion a year on clothing, electronics, household goods and other items, representing about 20% of retail purchases excluding cars and gasoline, according to Morgan Stanley. Amazon aims to recondition those shoppers to expect quick delivery, which would play to its strengths and make the company top-of-mind for online purchases... "Rural America is often overlooked," said Sky Canaves, an analyst at EMarketer Inc. who tracks online sales. "This is the opportunity Amazon is trying to seize because e-commerce growth is getting harder to come by...."

Amazon's rural push will require a lot more rural business owners willing to make deliveries... Today, Amazon delivers more parcels overall than UPS and FedEx, which are both shedding workers and shrinking their delivery networks, including in rural areas. By picking up the slack, Amazon is expected to become the largest parcel carrier in the US — surpassing the postal service — in 2028, according to the shipping software company Pitney Bowes. Amazon currently delivers two of three orders itself. For rural shoppers, the most visible change will be fewer brown UPS trucks, fewer packages delivered by mail carriers and more small business owners pulling up in their minivans.

Amazon's relationship with America's postal service "has become rocky following a dispute over contract terms," notes the Wall Street Journal. But they also share an interesting calculation by Marc Wulfraat, president of MWPVL International, a supply-chain consultancy monitoring the e-commerce company's logistics network. . At Amazon's current pace of constructing 40 to 50 new delivery hubs each year, he estimates Amazon will be able to ship packages to every single U.S. ZIP Code within four years.
ISS

Can Private Space Companies Replace the ISS Before 2030? (cnn.com) 31

China's orbital outpost Tiangong was completed in 2022 and is hosting up to three astronauts at a time, reports CNN.

But meanwhile U.S. lawmakers are now signaling there's not time to develop and launch a replacement for the International Space Station — considered the signal most expensive object ever built — before its deorbiting in 2030. A recent Senate bill calls for the U.S. to continue funding it as late as 2032, but that bill still awaits approval from the U.S. Senate and the House.

But some private space companies are already building their alternatives: Private companies that are in the early design and mockup phase of developing these space stations are still waiting on NASA for guidance — and money... [NASA's "Requests for Proposals"] were delayed, in part because it took all of 2025 to cinch a confirmation for Trump's on-again-off-again pick for NASA administrator, Jared Isaacman [confirmed in December]... Similarly, 2025 saw a 45-day government shutdown, the longest in history — adding another hiccup in the space agency's plans to begin formally soliciting proposals from the private sector. Companies now expect that NASA will issue its Request for Proposals in late March or early April, one CEO told CNN...

Several commercial outfits have recently announced big funding influxes aimed at speeding up the development and launch of new orbiting outposts. Houston-based Axiom Space announced a $350 million funding round last month. Its California-based competitor Vast then notched a $500 million raise in early March. Vast is determined to launch a bare-bones station to orbit as soon as possible, with or without federal input, according to the company. "Our approach is to actually not wait for (NASA) and get going and build a minimum viable product, single-module space station called Haven-1, which we're launching into orbit next year," Vast CEO Max Haot told CNN in a phone interview earlier this month. Similarly, Axiom Space is working toward a 2028 launch date for a module that it plans to initially attach to the ISS before breaking off to orbit on its own. A spokesperson told CNN that it the company is "committed" to winning the NASA contract money and may continue pursing such goals even without contract awards.

Still, there's lingering doubt that any of the companies pursuing space stations will be able to stay afloat without securing a coveted NASA contract or at least cinching significant business from the public sector.

The article includes "Another complicating fact: Russia, the United States' primary partner on the ISS, has not pledged to keep operating its half of the space station past 2028." NASA will eventually evaluate proposals for an ISS alternative from Vast, Axiom Space, Jeff Bezos' Blue Origin, Max Space and several competitors including Voyager Technologies, CNN notes, ultimately handing out an estimated $1.5 billion in contracts between 2026 and 2031.

And while those companies may wait decades before a return on their investment, the article includes this quotes from the cofounder/general partner of Balerion Space Ventures, which led the fundraising for Vast. " What's obvious to us is you're going to have multiple vehicles with myriad companies go into space. You're going to have vehicles leaving from celestial bodies, like the moon. And we need a habitat."
Power

Work From Home and Drive More Slowly To Save Energy, IEA Says (bbc.com) 152

As energy prices soar from the Iran conflict, the International Energy Agency is urging governments to cut energy use by taking up measures like remote work and reduced speed limits. The group warns the energy security crisis could persist for months, even if supply routes stabilize. "I believe the world has not yet well understood the depth of the energy security challenge we are facing," said IEA's executive director, Fatih Birol. "It is much bigger than what we had in the 1970s... It is also bigger than the natural gas price shock we experienced after the Russia's invasion of Ukraine." The BBC reports: Thirty-two countries are members of the IEA, including the US, the UK, Australia, Canada, Japan and 24 other European nations. Its role is to act as a global watchdog, providing analysis and recommendations on global energy problems, such as energy security and the transition to clean energy. The IEA's other suggestions for governments, businesses and individuals include:

- Promoting use of public transport
- Giving private cars access to city centres on alternate days
- Encouraging car sharing and efficient driving habits
- Avoiding air travel where possible, especially business flights
- Switching to electric cooking

It also said there should be a focused effort to preserve liquid petroleum gas for cooking and other essential uses, by switching bio-fuel converted vehicles onto gas and introducing other measures to reduce its use. Birol said these proposals were in addition to action taken by IEA member countries earlier this month, when they agreed to release 400 million barrels of oil, 20% of its emergency reserves.
Several countries in Asia have implemented emergency four-day workweeks and work-from-home mandates as they have been hit particularly hard from the conflict. Fortune notes: "Asia is particularly dependent on oil exports from the Middle East; Japan and South Korea respectively source 90% and 70% of their oil from the region."
The Military

Qatar Helium Shutdown Puts Chip Supply Chain On a Two-Week Clock (tomshardware.com) 125

Iranian drone strikes shut down a major helium facility in Qatar, removing about 30% of global helium supply and raising concerns for the semiconductor industry, which relies on the gas for chip fabrication. "QatarEnergy declared force majeure on existing contracts on March 4, freeing it from supply obligations to customers," reports Tom's Hardware. The industry outlet Gasworld reports that no imminent restart is planned. From the report: Helium consultant Phil Kornbluth, speaking at a Gasworld webinar on March 4, said that if the outage extends beyond roughly two weeks, industrial gas distributors could be forced to relocate cryogenic equipment and revalidate supplier relationships, a process that could stretch over months regardless of when Qatari output resumes.

South Korea is among the most exposed countries, which, according to the Korea International Trade Association, imported 64.7% of its helium from Qatar in 2025. The country relies heavily on helium imports to cool silicon wafers during fabrication and is understood to have no viable substitute.

The country's Ministry of Trade, Industry and Resources has reportedly launched an investigation into supply and demand for 14 semiconductor materials and equipment types with high dependence on Middle Eastern sources, Nikkei reported on Wednesday. Bromine, which is used in circuit formation, is another big concern, with South Korea sourcing 90% of its imports from Israel, also party to the ongoing conflict in Iran.

Earth

Strait of Hormuz Closure Triggers Work From Home, 4-Day Weeks In Asia (fortune.com) 114

Asian governments are implementing emergency measures like four-day workweeks and work-from-home mandates to cope with a fuel shortage triggered by the Iran conflict and the closure of the Strait of Hormuz. "Asia is particularly dependent on oil exports from the Middle East; Japan and South Korea respectively source 90% and 70% of their oil from the region," notes Fortune. From the report: On March 10, Thailand ordered civil servants to take the stairs rather than the elevator, and to work-from-home for the duration of the crisis. It increased the air-conditioning temperature to 27 degrees Celsius, and will tell government employees to wear short-sleeved shirts over suits. (Thailand has about 95 days of energy reserves left, according to Reuters).

Vietnam also called on businesses to let people work-from-home to "reduce the need for travel and transportation." The Philippines is pushing for a four-day work week, and has ordered officials to limit travel "to essential functions only."

South Asia is getting hit hard too. Bangladesh brought forward the Eid-al-fitr holiday, allowing universities to close early in a bid to save fuel. Pakistan also instituted a four-day week for government offices and closed schools. India suspended shipments of liquefied petroleum gas to commercial operators to prioritize supplies for households, leading to worries from hotels and restaurants that they may be forced to close without fuel supplies.
Countries across the region are also considering price caps, subsidies, and tapping strategic oil reserves. On Wednesday, the International Energy Agency "unanimously" agreed to release 400 million barrels of oil and refined products from its reserves.

The Associated Press offers a look at the energy supplies that countries hold and when they tap them.
Businesses

Oura Buys Gesture-Navigation Startup DoublePoint (engadget.com) 5

Smart ring maker Oura has acquired Doublepoint, a Finnish startup specializing in gesture recognition technology for wearables. Engadget reports: The Finnish startup uses smartwatches and wristbands as examples of products that benefit from its technology, but Oura will clearly be looking to incorporate it into its rings, in theory allowing you to control your connected devices with hand movements.

Oura said in a press release that the deal sees it inherit an "exceptional team of AI architects and builders from Doublepoint," including Doublepoint's four founders. The newly-acquired company will remain in its native Helsinki, where it will work with Oura's international teams.

It added that Doublepoint's expertise in helping devices register subtle hand movements will be key, as nobody wearing a smart ring is going to engage with gesture control if they have to thrash their hand around like a conductor.

AI

Viral Doomsday Report Lays Bare Wall Street's Deep Anxiety About AI Future 52

A 7,000-word "doomsday" thought experiment from Citrini Research helped trigger an 800-point drop in the Dow, "painting a dark portrait of a future in which technological change inspires a race to the bottom in white-collar knowledge work," reports the Wall Street Journal. From the report: Concerns of hyperscalers overspending are out. Worries of software-industry disruption don't go far enough. The "global intelligence crisis" is about to hit. The new, broader question: What if AI is so bullish for the economy that it is actually bearish? "For the entirety of modern economic history, human intelligence has been the scarce input," Citrini wrote in a post it described as a scenario dated June 2028, not a prediction. "We are now experiencing the unwind of that premium."

Many of Monday's moves roughly aligned with the situation outlined by Citrini, in which fast-advancing AI tools allow spending cuts across industries, sparking mass white-collar unemployment and in turn leading to financial contagion. Software firms DataDog, CrowdStrike and Zscaler each plunged more than 9%. International Business Machines' 13% decline was its worst one-day performance since 2000. American Express, KKR and Blackstone -- all name-checked by Citrini -- tumbled. That anxiety, coupled with renewed uncertainty about trade policy from Washington, weighed down major indexes Monday. The Dow Jones Industrial Average led declines, falling 1.7%, or 822 points. The S&P 500 shed 1%, while the Nasdaq composite retreated 1.1%.

[...] Monday's market swings extended a run of AI-linked volatility. A small research outfit that has garnered a huge Substack following for macro and thematic stock research, Citrini said in its new post that software firms, payment processors and other companies formed "one long daisy chain of correlated bets on white-collar productivity growth" that AI is poised to disrupt. [...] Shares in DoorDash also veered 6.6% lower Monday after Citrini's Substack note called the delivery app a "poster child" for how new tools would upend companies that monetize interpersonal friction. In the research firm's scenario, AI agents would help both drivers and customers navigate food deliveries at much lower costs.
The Internet

Say Goodbye to the Undersea Cable That Made the Global Internet Possible (wired.com) 32

The first fiber-optic cable ever laid across an ocean -- TAT-8, a nearly 6,000-kilometer line between the United States, United Kingdom, and France that carried its first traffic on December 14, 1988 -- is now being pulled off the Atlantic seabed after more than two decades of sitting dormant, bound for recycling in South Africa.

Subsea Environmental Services, one of only three companies in the world whose entire business is cable recovery and recycling, began the operation last year using its new diesel-electric vessel, the MV Maasvliet, and had already brought 1,012 kilometers of the cable to the Portuguese port of Leixoes by August.

TAT-8, short for Trans-Atlantic Telephone 8, was built by AT&T, British Telecom, and France Telecom, and hit full capacity within just 18 months of going live. A fault too expensive to repair took it out of service in 2002. The recovered cable is being shipped to Mertech Marine in South Africa, where it will be broken down into steel, copper, and two types of polyethylene -- all commercially valuable, especially the high-quality copper at a time when the International Energy Agency projects global shortages within a decade.
Transportation

EV Sales Boom As Ethiopia Bans Fossil-Fuel Car Imports (financialpost.com) 82

An anonymous reader quotes a report from the Financial Post: In 2024, the Ethiopian government banned the import of fossil fuel-powered vehicles and slashed tariffs on their electric equivalents. It was a policy driven less by the country's climate ambitions and more by fiscal pressures. For years, subsidizing gasoline for consumers has been a major drag on Ethiopia's budget, costing the state billions of dollars over the past decade. The country defaulted on its sovereign bonds in 2023 after rising interest rates drove up the costs of servicing its debts, and it received a $3.4 billion bailout from the International Monetary Fund the following year.

In the two years since the ban on internal combustion engine vehicles, EV adoption has grown from less than 1% to nearly 6% of all of the vehicles on the road in the country -- according to the government's own figures -- some way above the global average of 4%. "The Ethiopia story is fascinating," said Colin McKerracher, head of clean transport at BloombergNEF. "What you're seeing in places that don't make a lot of vehicles of any type, they're saying: 'Well, look, if I'm going to import the cars anyway, then I'd rather import less oil. We may as well import the one that cleans up local air quality and is cheaper to buy.'"

For decades, Ethiopia's high import tariffs on vehicles put new car ownership out of the reach of most of the country's population. Per capita gross domestic product is only about $1,000, and even by the standards of low-income countries, it has among the lowest car ownership rates. At 13 vehicles per 1,000 people, it's a fraction of the African average of 73. With few cars manufactured in the country, the vast majority are imported, and most are bought used. The government's import policy has upended the market. In parallel, tariffs for EVs were dropped to 15% for completed cars, 5% for parts and semi-assembled vehicles, and zero for "fully knocked down" -- vehicles shipped in parts and assembled locally. That has made new EVs cost-competitive with old gasoline cars.

AI

KPMG Pressed Its Auditor To Pass on AI Cost Savings (ft.com) 33

An anonymous reader shares a report: KPMG, one of the world's largest auditors of public and private companies, negotiated lower fees from its own accountant by arguing that AI will make it cheaper to do the work, according to people familiar with the matter. The Big Four firm told its auditor, Grant Thornton UK, it should pass on cost savings from the rollout of AI and threatened to find a new accountant if it did not agree to a significant fee reduction, the people said.

The discussions last year came amid an industry-wide debate about the impact of new technology on audit firms' business and traditional pricing models. Firms have invested heavily in AI to speed up the planning of audits and automate routine tasks, but it is not yet clear if this will generate savings that are passed on to clients.

Grant Thornton is auditor to KPMG International, the UK-based umbrella organisation that co-ordinates the work of KPMG's independent, locally owned partnerships around the world. Talks with Grant Thornton were led by Michaela Peisger, a longtime audit partner and executive from KPMG's German member firm, who became KPMG International's chief financial officer at the beginning of 2025.

Businesses

Fixing Retail With Land Value Capture (worksinprogress.co) 127

The independent coffee shops and quirky boutiques that make neighborhoods like Hayes Valley in San Francisco or Williamsburg in Brooklyn desirable are caught in a frustrating economic trap: they create value that ends up in the pockets of nearby homeowners rather than their own cash registers.

An essay in Works in Progress magazine argues that when an interesting new store or restaurant opens, commercial and residential property values rise in the surrounding area, but the retailer itself captures only a fraction of that value through its actual sales. Almost half of stores in one San Francisco shopping district shuttered within four years even as the neighborhood thrived and rents climbed.

The authors propose several fixes drawn from historical and international practice. Shopping malls and mixed-use developments solve this through unified ownership, allowing a single entity to cross-subsidize interesting tenants. Hong Kong's Mass Transit Railway buys land around new stations before building begins, making it one of the few profitable transit systems in the world. Business Improvement Districts let businesses tax themselves for shared amenities, though they currently don't capture value that spills over to nearby residents.

The essay suggests creating hybrid institutions -- something between homeowners' associations and business improvement districts -- that could levy hyperlocal taxes to keep valued retail alive.
United States

America Is Falling Out of Love With Pizza (msn.com) 141

The restaurant industry is trying to figure out whether America has hit peak pizza. From a report: Once the second-most common U.S. restaurant type, pizzerias are now outnumbered by coffee shops and Mexican food eateries, according to industry data. Sales growth at pizza restaurants has lagged behind the broader fast-food market for years, and the outlook ahead isn't much brighter.

"Pizza is disrupted right now," Ravi Thanawala, chief financial officer and North America president at Papa John's International, said in an interview. "That's what the consumer tells us." The parent of the Pieology Pizzeria chain filed for chapter 11 bankruptcy protection in December. Others, including the parent of Anthony's Coal Fired Pizza & Wings and Bertucci's Brick Oven Pizza & Pasta, earlier filed for bankruptcy.

Pizza once was a novelty outside big U.S. cities, providing room for growth for independent shops and then chains such as Pizza Hut with its red roof dine-in restaurants. Purpose-made cardboard boxes and fleets of delivery drivers helped make pizza a takeout staple for those seeking low-stress meals. Today, pizza shops are engaged in price wars with one another and other kinds of fast food. Food-delivery apps have put a wider range of cuisines and options at Americans' fingertips. And $20 a pie for a family can feel expensive compared with $5 fast-food deals, frozen pizzas or eating a home-cooked meal.

[...] Pizza's dominance in American restaurant fare is declining, however. Among different cuisines, it ranked sixth in terms of U.S. sales in 2024 among restaurant chains, down from second place during the 1990s, Technomic said. The number of pizza restaurants in the U.S. hit a record high in 2019 and has declined since then, figures from the market-research firm Datassential show.
Further reading, at WSJ: The Feds Need to Bail Out the Pizza Industry.
Power

Are Hybrid Cars Helping America Transition to Electric Vehicles? (msn.com) 150

America's electric car subsidies expired at the end of September, notes Bloomberg. Yet in those last three months, "while fully electric cars and trucks made up 10% of all auto sales in the US... another 15% of transactions were for hybrid vehicles." The EV market is slowing in the U.S., but analysts expect hybrid sales to continue accelerating. CarGurus Inc., a digital listings platform that covers most of the US auto market, predicts nearly one in six new cars next year will be a hybrid, as automakers green-light more and better machines with the technology. And though these cars and trucks will still burn gas, they will quietly move the needle on both transportation emissions and the transition to fully electric cars and trucks... CarGurus calls hybrids the success story of 2025. Indeed, the fastest-selling car in the country this year has been the Hyundai Palisade Hybrid; it sat on lots for fewer than 14 days on average...

While carmakers have struggled to turn a profit on fully electric vehicles, analysts say their investments in batteries and electric motors are helping them sell more and better hybrid machines. It's also increasingly difficult to discern a hybrid from a solely gas-powered model, said Scott Hardman, assistant director of the Electric Vehicle Research Center at the University of California at Davis. Carmakers today often don't even label a hybrid as such. Consider Toyota's RAV4, one of the best-selling vehicles in America. The 2026 version of the SUV comes in six different variants, all of which include an electric motor and a gas tank. "A hybrid is just a regular car now," Hardman said. "You can buy one by accident...."

While not as clean as an electric vehicle, hybrids offer sneaky carbon cuts as well. Americans, on average, drive about 38 miles a day, which requires about one gallon of gas in most basic hybrids. Contemporary plug-in hybrids, which can run on all-battery power, can cover almost that entire range without the gas engine kicking in. And a small crowd of cars will do even better, stretching their batteries well over 40 miles per charge. All told, hybridization can reduce the carbon dioxide emissions of a vehicle by roughly 20% to 30%, according to the International Council on Clean Transportation.

Some interesting statistics from the article:
  • By 2030 Ford expects fully or partially electrified vehicles will represent half its global sales. Toyota has already reached 50% ("in part thanks to all those hybrid RAV4s").
  • Around one-third of America's hybrid drivers "transition to a fully electric vehicle when they next switch cars."
  • In September 57% of America's car shoppers "were considering a fully electric auto, according to JD Power. However, among hybrid households, that share was almost 70%."

Government

Trump Administration Removes Three Spyware-Linked Execs From Sanctions List (reuters.com) 35

Reuters reports that the United States Department of the Treasury under the Donald Trump administration has lifted sanctions on three executives linked to the spyware firm Intellexa. Reuters reports: The move partially reverses the imposition of sanctions last year by then-President Joe Biden's administration on seven people tied to Intellexa. The Treasury Department at the time described the consortium, opens new tab, launched by former Israeli intelligence official Tal Dilian, as "a complex international web of decentralized companies that built and commercialized a comprehensive suite of highly invasive spyware products."

Treasury said in an email that the removal "was done as part of the normal administrative process in response to a petition request for reconsideration." It added that each of the individuals had "demonstrated measures to separate themselves from the Intellexa Consortium."

The notice said sanctions were lifted on Sara Hamou, whom the U.S. government accused of providing managerial services to Intellexa, Andrea Gambazzi, whose company was alleged by the U.S. government to have held the distribution rights to the Predator spyware, and Merom Harpaz, described by U.S. officials as a top executive in the consortium.

Moon

Russia Plans a Nuclear Power Plant on the Moon Within a Decade (reuters.com) 43

Russia plans to put a nuclear power plant on the moon in the next decade to supply its lunar space programme and a joint Russian-Chinese research station, as major powers rush to explore the earth's only natural satellite. Reuters: Ever since Soviet cosmonaut Yuri Gagarin became the first human to go into space in 1961, Russia has prided itself as a leading power in space exploration, but in recent decades it has fallen behind the United States and, increasingly, China. Russia's ambitions suffered a massive blow in August 2023 when its unmanned Luna-25 mission smashed into the surface of the moon while attempting to land, and Elon Musk has revolutionised the launch of space vehicles - once a Russian speciality.

Russia's state space corporation, Roscosmos, said in a statement that it planned to build a lunar power plant by 2036 and signed a contract with the Lavochkin Association aerospace company to do it. Roscosmos did not say explicitly that the plant would be nuclear but it said the participants included Russian state nuclear corporation Rosatom and the Kurchatov Institute, Russia's leading nuclear research institute. Roscosmos said the purpose of the plant was to power Russia's lunar programme, including rovers, an observatory and the infrastructure of the joint Russian-Chinese International Lunar Research Station.

Businesses

Apple and Google Asking Some Employees With H-1B Visas To Avoid International Travel (sfchronicle.com) 63

Tech giants Google and Apple are asking some employees with H-1B visas to reconsider international travel, as their legal teams warned that visa processing delays could keep employees abroad for months, according to Business Insider. From a report: Law firms representing the tech giants sent memos advising staff who require visa stamps for reentry to stay in the U.S., warning that international travel could entangle them in visa screening delays following the introduction of a new social media screening requirement, according to the news agency. The policy subjects H-1B workers and their dependents to reviews of their social media histories.

"Please be aware that some US Embassies and Consulates are experiencing significant visa stamping appointment delays, currently reported as up to 12 months," BAL Immigration Law, which represents Google, said in a memo obtained by Business Insider. The law firm said the delays were affecting H-1B, H-4, F, J and M visas.

Australia

Australian Eateries Turn To Automatic Tipping as Cost of Doing Business Climbs (abc.net.au) 111

Australian restaurants facing a mounting cost-of-doing-business crisis are turning to automatic service charges as a way to shore up revenue. The practice is legal under Australian consumer law as long as customers are notified beforehand and can opt out, but it risks alienating diners in a country where tipping has traditionally been optional.

Wes Lambert, chief executive of the Australian Cafe and Restaurant Association, said only a handful of businesses in central business districts currently add automatic tips to bills, but the practice may spread as cost pressures continue. Automatic tipping is more common at venues frequented by international tourists, who view the practice as normal rather than exceptional. With international tourism now near pre-COVID levels, Lambert expects more restaurants to include tips on bills by default.

A Sydney wine bar recently abandoned its 10 per cent automatic tip after a diner's social media post triggered public backlash. University of New South Wales professor Rob Nichols said Australia's resistance to tipping stems from the expectation that hospitality workers earn at least minimum wage, unlike in the United States where tips constitute most of a server's income. Australians and tourists tip an estimated $3.5 billion annually, and tipping transactions grew 13% year over year in fiscal 2024-25.

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