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Business May 14, 2026

US CEOs Join Trump in China: Stakes, Strategies, and Future Outlook

More than a dozen US CEOs, including Elon Musk, Tim Cook and Jensen Huang, accompanied President Do…
Executive Overview: Trump’s China Visit with Top US CEOsPresident Donald Trump arrived in Beijing on Wednesday, flanked by a delegation of more than a dozen senior US executives. The group was presented to President Xi Jinping as “distinguished representatives from the American business community” who “respect and value China,” signaling a joint push to revive trade ties amid a lingering tariff dispute.Who Joined the Delegation and Their Business InterestsElon Musk – CEO of SpaceX, Tesla and owner of XTim Cook – outgoing CEO of AppleDavid Solomon – CEO of Goldman SachsLarry Fink – Chairman and CEO of BlackRockJane Fraser – Chairman and CEO of CitiStephen Schwarzman – CEO and co‑founder of BlackstoneKelly Ortberg – CEO and President of BoeingJensen Huang – CEO of Nvidia (late addition)Other firms represented included Meta, Cargill, Visa, Cisco, Qualcomm, Coherent, Micron, GE Aerospace, Illumina and Mastercard.Financial Figures Highlighting US‑China Trade TiesTariffs imposed during the trade war have exceeded 100 percent on many goods.Tesla’s Shanghai Gigafactory sold 292,876 vehicles in the first four months of 2026, a 26.7 percent year‑over‑year increase.Elon Musk is reportedly seeking to purchase $2.9 billion worth of solar‑panel equipment from Chinese suppliers.Approximately 80 percent of the iPhones sold in the US are manufactured in China.Nvidia controls roughly 95 percent of China’s advanced AI‑chip market, with an estimated Chinese AI market value of $50 billion this year.Strategic Implications for US Companies and Chinese PolicyThe delegation’s presence underscores the dependence of US tech firms on Chinese manufacturing, rare‑earth supplies and market demand. China’s recent restrictions on seven of twelve rare‑earth elements—and a paused second tranche of five—have heightened the urgency for firms like Tesla and Nvidia to secure stable supply lines. CEOs emphasized the need for “mutually beneficial cooperation” and broader market access, while Chinese officials promised “broader prospects” for American companies.What May Follow: Potential Deals and Political RamificationsTrump is seeking a renewed commitment from Beijing to open its economy, potentially easing tariffs and lifting sanctions on Chinese entities in exchange for US concessions. Analysts suggest the visit could yield concrete agreements on aircraft sales for Boeing, expanded chip sales for Nvidia, and further investment commitments that Trump can showcase to his domestic base ahead of the November mid‑term elections. The outcome will likely shape the trajectory of US‑China economic relations for the coming year.
#Donald Trump #Elon Musk #Tim Cook
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Business May 14, 2026

Burberry’s £2,000 Cotswolds Handbag Finds Sweet Spot with American Shoppers

Burberry’s new £2,000 Cotswolds tote has sparked a rebound in bag sales, driven by wealthy American…
Burberry has reported a resurgence in bag sales after launching the £2,000 “Cotswolds” tote, a product that resonates with affluent American consumers and helps the British luxury house swing back to profitability.Introducing the £2,000 Cotswolds Tote: A Strategic ShiftJoshua Schulman, who took the helm in 2024, said the new tote blends leather with the iconic Burberry check and targets a “sweet spot on price and value for money in a luxury context.” The Cotswolds line replaces the higher‑priced Knight bag (over £2,400) and is priced “around and under £2,000”.Financial Upswing: Pre‑Tax Profit Swings and Cost CutsBurberry’s latest results show a clear financial reversal:Pre‑tax profit of £49 million for the year to 28 March, up from a loss of £66 million the previous year.Annual cost reductions of £80 million, achieved through store rationalisation and efficiency drives.Group sales of £2.4 billion, flat on a currency‑adjusted basis.Shares fell 5 % on the day of the announcement, reflecting market concerns over Middle‑East volatility.Why American Affluence and the ‘Hamptons of England’ MatterThe Cotswolds region, increasingly dubbed the “Hamptons of England”, has attracted wealthy U.S. buyers seeking British heritage. This cultural cachet translates into higher conversion rates for Burberry’s mid‑tier luxury items, especially during key moments such as Mother’s Day in North America.Outlook: Burberry’s Path to a £3 billion Sales MilestoneSchulman expressed confidence that the brand can exceed the £3 billion sales target, citing momentum in scarves, outerwear, ready‑to‑wear and a growing appeal among younger shoppers. Finance director Kate Ferry reaffirmed expectations to meet analyst profit forecasts despite geopolitical headwinds.
#Burberry #Joshua Schulman #Cotswolds
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Tech May 14, 2026

Clio Hits $500M ARR as Legal Tech Booms and Anthropic Ups AI Ante

Clio, a Canadian law firm management software company, has reached $500 million in annual recurring…
The Rise of Legal Tech: Clio's $500M Milestone Clio, a Canadian law firm management software company, has reached a significant milestone: $500 million in annual recurring revenue (ARR). This achievement is a testament to the growing demand for legal tech solutions, particularly those powered by artificial intelligence (AI). AI-Driven Growth in Legal Tech Clio's growth has accelerated sharply since integrating AI into its offering in 2023. The company's ARR surpassed $200 million in mid-2024, doubled that figure by late last year, and now has reached $500 million. According to Jack Newton, co-founder and CEO of Clio, LLMs (Large Language Models) are poised to revolutionize the legal tech industry. The Potential of LLMs in Legal Tech Newton believes that LLMs can leverage the vast repository of existing legal documents, such as contracts and agreements, to automate time-consuming tasks like document review and drafting. This potential is not limited to Clio; other legal tech companies, like Harvey and Legora, are also experiencing significant revenue surges driven by AI. The Competitive Landscape: Anthropic's Move Anthropic's recent announcement of new legal-specific features for its AI model, Claude, has added a new layer of complexity to the competitive landscape. Both Harvey and Legora rely on Claude as a core model, making the dynamic an uncomfortable one: a key supplier is now also a competitor. The Future Outlook Despite these challenges, Newton remains optimistic about the vast potential of the legal AI market. Clio's valuation of $5 billion and its recent $1 billion acquisition of data intelligence platform vLex have positioned the company for continued growth and innovation in the legal tech sector.
#Clio #Anthropic #Legal Tech
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Science May 13, 2026

Neanderthals Performed Advanced Dental Procedures 59,000 Years Ago

Archaeologists have discovered evidence that Neanderthals used stone drills to treat cavities 59,00…
The Earliest Known Dental TreatmentNeanderthals used stone drills to treat cavities almost 60,000 years ago in what is the earliest known evidence of dental treatment. This groundbreaking discovery challenges previous assumptions about Neanderthal capabilities and reveals their sophisticated approach to medical care.The Discovery in SiberiaThe single molar, unearthed in a cave in southern Siberia's Chagyrskaya site, features a deep hole that appears to have been created using a sharp, thin stone tool during the lifetime of the tooth's owner. The tooth, dated to be 59,000 years old, was found alongside the remains of Neanderthals and thousands of stone tools that have been excavated at the site.Scientific Evidence of Ancient DentistryThe lower molar features a deep hole in the centre of the tooth extending into the pulp cavity. Microscopic X-ray imaging revealed changes in mineralization that indicated severe tooth decay. Researchers conducted experiments on three modern human teeth to demonstrate that a hole of the same shape and patterns of microscopic grooves could be created by manually rotating a narrow, elongated tool made from local jasper between two fingers. Penetrating the dentin using this approach took between 35 and 50 minutes of continuous work.Expert Analysis of the ProcedureDr. Kseniya Kolobova, an archaeologist at the Siberian branch of the Russian Academy of Sciences, noted that this discovery "powerfully reinforces the now well-supported view that Neanderthals were not the brutish, inferior cousins of outdated stereotypes but a sophisticated human population with complex cognitive and cultural capacities."A dental professor who reviewed images of the tooth rated the Neanderthal's work as "a decent job." Justin Durham, a professor of orofacial pain at Newcastle University and the British Dental Association's chief scientific adviser, stated: "If I was marking this for a dental student, I wouldn't give it an A, but given the circumstances it's pretty impressive."Implications for Understanding Neanderthal CapabilitiesThis discovery represents the first time dental drilling has been demonstrated outside of Homo sapiens, and it is the oldest example of such behavior by more than 40,000 years. The smoothed edges of the drilled cavity and wear patterns inside it suggest the individual survived and continued to chew with the tooth for some time after the procedure.Dr. Lydia Zotkina, an archaeologist at the Russian Academy of Sciences and co-author, emphasized the remarkable strength of will required: "What struck me, and continues to strike me, is what an incredibly strong-willed person this Neanderthal must have been. They must have surely understood that although the pain of the procedure was greater than the pain of the inflammation, it was only temporary and had to be endured."This finding adds to previous evidence of Neanderthals caring for the sick and vulnerable group members, including an adult man with a withered arm and deformities in both legs, and a child with Down's syndrome who survived until at least the age of six. The latest discovery reveals not only compassion, but an impressive level of self-control by the patient and advanced technical skills by the practitioner.
#Neanderthals #Archaeology #Dental History
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Business May 13, 2026

Meta Sued by California County for Profiting from Illegal Scam Ads

Santa Clara county in California has sued Meta Platforms, alleging it profited from Facebook and In…
The Lawsuit Against Meta California’s Santa Clara county has sued Meta Platforms, alleging it has profited from Facebook and Instagram ads promoting scams in violation of California’s false advertising and unfair business practices laws. Allegations of Tolerating Fraudulent Advertising The lawsuit – filed on Monday in Santa Clara county superior court on behalf of all California residents – accuses the social media giant of tolerating fraudulent advertising on a global basis. The suit seeks restitution, civil damages and an order prohibiting Meta from engaging in unfair business practices. Revenue from High-Risk Scam Ads Citing leaked internal documents first reported by Reuters last year, the complaint alleges that the company earned as much as $7bn in annual revenue from so-called “high-risk” scam ads which show clear signs of being fraudulent. Meta's Response and Defense Meta said it intends to defend itself against the claim. “This claim relies on Reuters reporting that distorts our motives and ignores the full range of actions we take to combat scams every day,” said a Meta spokesperson, Andy Stone. “We aggressively fight scams on and off our platforms because they’re not good for us or the people and businesses that rely on our services.“ The Impact on Users and the Legal Proceedings In the suit, Santa Clara alleges that Meta materially contributed to an epidemic of fraud by allowing middlemen to sell accounts to place ads that were protected against enforcement, and targeting scam ads at users who had clicked on similarly bogus offerings in the past. The county will retain full control over decisions involving the case, and outside law firms will only be paid if the county wins.
#Meta #Facebook #Instagram
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Entertainment May 13, 2026

Jennie Garth on 90210 Fame and Finding Purpose in Her 50s

Jennie Garth reflects on how early fame from 'Beverly Hills, 90210' affected her development and ca…
The LeadJennie Garth, known for her role as Kelly Taylor in 'Beverly Hills, 90210,' opens up about the psychological impact of early fame and how she found new purpose in her 50s. The 54-year-old actress, who felt 'stuck' and unfulfilled as her daughters grew up, has launched a podcast and book titled 'I Choose Me,' sharing her journey of self-discovery and the lessons learned from her decades in Hollywood.Finding Purpose at 50Approaching her 50s, Garth experienced a classic midlife crisis, questioning her path and purpose after noticing potential acting jobs becoming 'few and far between.' The deaths of her 90210 co-stars Luke Perry in 2019 and Shannen Doherty in 2024 intensified her sense of urgency, prompting her to share what she's learned with other women experiencing similar standstills. Her new venture, 'I Choose Me,' named after an iconic line from her character on the show, combines memoir and self-help as Garth reflects on her journey from teenage star to mature woman finding her voice.The Price of Early FameGarth candidly admits that her early fame 'screwed with her mind,' describing how she spent 20 years 'trying to keep her head above water.' Starting on the hit show at just 18, she felt developmentally 'held back from the realities of the world,' watching peers experience normal milestones while she was 'slammed into' fame. The experience left her questioning how her unusual path affected her relationships and personal growth, as she struggled to form normal connections while constantly being judged and typecast in the industry.Hollywood's Changing LandscapeThe actress reflects on the sexism she faced in the 90s, noting how young female actors were 'exposed to far more than they should' in terms of sexualization and discrimination. She recalls unspoken expectations about appearance and the pressure to conform to certain standards, including her own decision to get breast enhancement at 24. Garth also discusses how the industry typecast her and her co-stars, keeping them in a 'sort of Aaron Spelling-nighttime-soapy category' that limited their growth opportunities, despite the quality of their work.A New ChapterNow in her 50s, Garth feels she's finally 'caught up' developmentally and is embracing her age with greater wisdom and resilience. Through therapy and self-help, she's found a new voice and purpose, sharing her experiences to help other women navigate similar challenges. Her journey from teenage star to empowered woman reflects both the lasting impact of early fame and the potential for reinvention later in life, as she continues to work while also focusing on personal growth and helping others find their own path to self-acceptance.
#Jennie Garth #Beverly Hills, 90210 #Luke Perry
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Sports May 13, 2026

Oswestry Cricket Club Celebrates 10 Mother‑Daughter Pairs in Women’s Cricket

Oswestry Cricket Club’s Women and Girls section now boasts ten mother‑daughter duos, totalling 33 p…
Oswestry Cricket Club’s thriving Women and Girls (WaGs) programme has reached a milestone: ten mother‑daughter pairs are now playing competitive cricket together, contributing to a squad of 33 women and girls who have won the Shropshire hard‑ball league in 2024 and 2025.The Mother‑Daughter Phenomenon at Oswestry Cricket ClubFounded in 2018 by Naomi Payne, the WaGs section grew from a six‑person softball event to a full‑time hard‑ball and soft‑ball team. Jools Payne, the club’s manager and a founding player, describes the atmosphere as “a hoot on the field” while maintaining a competitive edge. Coaching is provided by her husband, former Surrey and Gloucestershire all‑rounder Ian Payne, who brings professional expertise to the grassroots setting.Participation Stats: 33 Players, 10 Mother‑Daughter Duos33 registered women and girls across hard‑ball and soft‑ball formats.10 mother‑daughter pairs ranging in age from 12 to 67.Two‑thirds of the junior players come from the state school sector.Back‑to‑back champions of the top Shropshire recreational hard‑ball league (2024, 2025).Boosting Female Cricket in Shropshire and BeyondThe club’s inclusive approach tackles the national drop‑off in teenage girls’ sport participation highlighted by a 2022 Women in Sport survey. By encouraging mothers to play and creating a nurturing, female‑only training night, the programme fosters confidence, teamwork and long‑term engagement. The group also participates in wider cricket culture, attending England women’s matches and hosting events around the Women’s T20 World Cup.Looking Ahead: Record‑Seeking Goals and Youth PathwaysWith aspirations to enter the Guinness Book of Records for mother‑daughter participation, the WaGs are planning an under‑12 side and a clearer pathway to senior cricket. Upcoming events include a softball festival on 5 July and a viewing party for the T20 World Cup final, reinforcing community bonds while promoting the sport to the next generation.
#Oswestry Cricket Club #Women and Girls (WaGs) #Jools Payne
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Entertainment May 13, 2026

Lee Lai Wins 2026 Stella Prize: A Milestone for Non-Binary and Graphic Novel Writers

Lee Lai has become the first non-binary person and the first graphic novelist to win the 2026 Stell…
Breaking New Ground: Lee Lai's Historic Win Lee Lai has made history by becoming the first non-binary person and the first graphic novelist to win the 2026 Stella Prize for her book Cannon. This achievement not only highlights Lai's exceptional talent but also marks a significant step forward for representation in literature. The Book: A Graphic Novel of Emotional Depth Cannon follows the life of a queer Chinese woman living in Montreal. The story explores themes of responsibility, family dynamics, and the protagonist's journey through her twenties. Lai's work is praised for its elegant artistry, which evokes a range of emotions from horror and poignancy to humor. The Impact of the Win Lai's win is seen as a triumph not only for her but also for the comics community. The $60,000 prize money is a significant boost for Lai, allowing her more time to focus on her craft. As Lai notes, 'money is time,' and this award will have a substantial impact on her life and career. A New Era for the Stella Prize The Stella Prize, established to recognize outstanding contributions by women and non-binary writers, has taken a significant step forward with Lai's win. By including non-binary writers in 2021, the prize has expanded its scope to embrace a broader range of voices. Lai's achievement sets a precedent and paves the way for future generations of writers. The Future of Graphic Novels Lai's win could potentially increase interest in graphic novels and encourage more readers to explore this medium. As she notes, 'I hope that this is a win for the comics community as well, and that it makes some readers more interested in reading comics.' With Cannon, Lai has demonstrated the power of graphic novels to tell compelling and emotionally resonant stories.
#Stella Prize #Lee Lai #Cannon
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Sports May 13, 2026

Jason Collins, First Openly Gay NBA Player, Dies at 47 After Cancer Battle

Jason Collins, the first openly gay active player in NBA history, has died at age 47 after battling…
The Passing of a TrailblazerJason Collins, the first openly gay active player in the National Basketball Association (NBA), has died at the age of 47 after battling cancer. His family confirmed the news in a statement, describing his fight against glioblastoma as "valiant." Collins revealed his diagnosis in September 2025, disclosing he had stage four glioblastoma, an aggressive form of brain cancer.A Career in Professional BasketballThe 7-foot center (2.13 meters) played 13 seasons in the NBA, making significant contributions to several teams. Selected 18th overall by the Houston Rockets in the 2001 draft, he was traded to the New Jersey Nets on draft night. Collins also played for the Memphis Grizzlies, Minnesota Timberwolves, Atlanta Hawks, Boston Celtics, and Washington Wizards.Collins helped the Nets reach back-to-back NBA Finals in 2002 and 2003 alongside teammates Jason Kidd and Richard Jefferson, showcasing his value as a professional athlete.A Historic Moment in SportsIn April 2013, Collins made headlines when he became the first active male athlete in one of North America's four major professional sports leagues to publicly come out as gay. His decision was announced in a first-person essay in Sports Illustrated, which received widespread support across the sports world.Former United States President Barack Obama publicly praised Collins' courage, stating that he "couldn't be prouder" of Collins for taking this step. His coming out represented a significant milestone for LGBTQ+ representation in professional sports.Enduring Legacy and Impact"Jason changed lives in unexpected ways and was an inspiration to all who knew him and to those who admired him from afar," his family said in their statement. "Our family will miss him dearly."Arn Tellem, Collins' former agent and current vice chairman of the Detroit Pistons, emphasized the lasting impact of his decision to come out: "Jason's legacy stands as a beacon for tolerance, dignity, respect, inclusion, compassion, and understanding. He left this world better than he found it."The Future of LGBTQ+ Representation in SportsCollins' passing comes at a time when LGBTQ+ representation in professional sports continues to evolve. His courageous decision to come out in 2013 paved the way for other athletes to be open about their identities without fear of professional repercussions. As sports organizations continue to promote diversity and inclusion, Collins' legacy will undoubtedly continue to influence future generations of athletes.
#Jason Collins #NBA #LGBTQ+
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