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A major legislative priority backed by the cryptocurrency industry failed to secure the 60 votes needed to advance to a full Senate floor debate. The setback comes despite heavy lobbying and campaign spending by crypto interests aimed at shaping favorable regulation in Congress.
In-N-Out Burger confirmed that its store managers now earn an average of $200,000 per year, up from $180,000 in 2023, not including profit-sharing. The chain attributes the pay levels to a founding philosophy of treating employees like family, a tradition upheld by current owner Lynsi Snyder.
Medical apparel retailer Scrubs & Beyond is shutting down every one of its more than 100 physical stores spread across 30 states. The company has given no public reason for the closures, and as of Wednesday its customer service phone line had been disconnected.
Nvidia CEO Jensen Huang said in an All-In Podcast interview that China will develop its own advanced lithography machines, comparable to those made by ASML, within the next three to four years. He argued China's manufacturing strength makes such a timeline achievable, despite the country's current reliance on older-generation tools from Shanghai Micro Electronics Equipment that support only 90nm and possibly 28nm-class chipmaking.
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.