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A major cryptocurrency market-structure bill known as the Clarity Act has failed to advance, even after the industry poured hundreds of millions of dollars into lobbying efforts to secure its passage. The setback leaves crypto firms without the clearer federal rules they had hoped would settle long-running regulatory disputes.
Chinese filmmakers are increasingly turning to AI tools like ChatGPT, Kimi and DeepSeek to draft screenplays and generate footage, with one studio producing a 90-minute AI-assisted film for roughly $500,000 versus the millions typical productions cost. Director Lu Beike, known for the series 'Three-Body,' says AI-generated scenes still fall short of live performances, sometimes forcing crews to make real actors look less realistic so they blend with AI-generated environments.
Actor and entrepreneur Elizabeth Banks joined Archer Roose, a canned wine company, as an investor and chief creative officer. Alongside founder and CEO Marian Leitner-Waldman, she has taken an active role in reshaping the brand's marketing and public image within the traditional wine industry.
Alistair Darby, CEO of family-owned Sir Richard Sutton Limited, says businesses built to last should be run with a multi-generational mindset rather than a focus on quarterly results. He points to the firm's decision to demolish and rebuild a Mayfair hotel—a project that won't open for over three years but is meant to last a century—as proof that long-term vision should outweigh short-term economic worries.
President Trump said he sees no need for additional oversight of artificial intelligence, pushing back against safety warnings from industry insiders. He also claimed that opposition to AI development and new data centers is being driven by a coordinated campaign rather than genuine public concern.
Cutwater, a ready-to-drink spirits brand known for its higher-alcohol canned cocktails, is on track to hit $1 billion in yearly sales even as overall alcohol consumption falls to record lows. The brand's growth stands out sharply against a broader downturn affecting most of the drinks industry.
Xcimer, a laser-based fusion startup, has struck a partnership and investment deal with RTX, the conglomerate that owns Raytheon. The move reflects a broader trend of fusion companies seeking defense industry backing as climate tech venture funding tightens, reviving fusion's historical ties to national security research.
French pharmaceutical company Ipsen is evaluating whether to establish a production facility in the United States. The move would place Ipsen among a growing group of European drugmakers weighing similar U.S.-based investment decisions.
Dutch companies LeydenJar and Powall are not manufacturing complete batteries but specializing in critical components, such as battery anodes, aiming to secure a strategic foothold in the global battery supply chain. LeydenJar's Christian Rood likens this approach to ASML's dominance in semiconductor equipment, where being indispensable in one production step grants outsized influence over an entire industry.
Omaha Steaks is cutting its catalog by 60%, simplifying its pricing structure, and shrinking its overall lineup while pledging to emphasize domestically raised beef. The move comes as the broader beef market faces turmoil, with grocery prices at record highs and cattle supplies at their lowest in 75 years.
A defense technology company backed by Erik Prince has acquired a Ukrainian manufacturer of unmanned ground vehicles in a deal valued at $224 million. The acquisition marks one of the first major consolidation moves in Ukraine's fragmented drone industry, which currently includes roughly 500 companies.
A new report from the Plastic Pollution Coalition finds plastics industry groups, including the Society of Plastics Engineers, have been supplying free or low-cost teaching materials to K-12 schools nationwide. These include lesson plans, worksheets, science activities and traveling programs like PlastiVan that emphasize plastics' benefits to society while minimizing their environmental and health harms. The coalition is urging schools to adopt stricter policies limiting industry-funded curricula.