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Business May 13, 2026

The High-Stakes Gamble: Jho Low's Bid for Pardon in the 1MDB Fallout

Fugitive financier Jho Low has reportedly filed a request for a pardon from Donald Trump to clear U…
The 1MDB Fallout: Jho Low's Bid for Presidential PardonThe fugitive Malaysian financier Jho Low, a central figure in the multibillion-dollar scandal at the state fund 1Malaysia Development Berhad (1MDB), is reportedly seeking a pardon from the US president, Donald Trump. This move comes as Low faces multiple charges including corruption and money laundering in both the US and Malaysia for his alleged role in the misappropriation of at least $4.5bn (£3.3bn) from the sovereign wealth fund.Legal Maneuvers and the White House StanceRequest Filed: Low recently filed a request for a pardon that, if granted, would remove US criminal charges against him, according to the Wall Street Journal citing people familiar with the matter.Current Status: A White House official stated that Low’s request is not currently on its radar.DOJ Record: The US Justice Department website lists a pending request for a “pardon after completion of sentence” under Taek Jho Low that was filed this year.Quantifying the Financial Damage and RecoveriesThe 1MDB scandal is considered one of the world’s biggest financial frauds, with billions plundered from the now defunct fund beginning in 2015. Despite the massive scale of the theft, some assets have been recovered through legal settlements.Recovery Amount: In 2019, the US struck a deal to recoup about $1bn from Low.Assets Seized: The fugitive agreed to give up a private jet and high-end real estate in Beverly Hills, New York, and London.Geopolitical Tensions and Asset Recovery StrategiesThe request for a pardon has sparked a diplomatic tug-of-war between the US and Malaysia. While the US has a pending pardon request, Malaysian authorities are pushing for Low's location to facilitate further investigations.Malaysian Opposition: Johari Abdul Ghani, the chair of a Malaysian taskforce seeking to recover funds, stated, “As far as I’m concerned, I’m against the pardon” and called for the US to assist in locating him.Asset Return Strategy: Malaysia temporarily lifted an Interpol red notice against Low to facilitate the return of significant assets to the country.Political Negotiations: Malaysian Prime Minister Anwar Ibrahim has indicated that the government is negotiating with other nations to speed up Low’s return, though he declined to name the specific countries involved.Future Outlook: The Odds of a Presidential ClemencyGiven the severity of the charges and the ongoing diplomatic friction, the likelihood of a pardon is currently low. With Malaysian officials publicly opposing the move and the White House indicating the request is not a priority, Low’s bid for freedom remains a complex legal and political challenge.
#Jho Low #Donald Trump #1MDB
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Economy May 13, 2026

Your Burning 2026 Federal Budget Questions Answered – Video Breakdown

The Guardian’s video tackles the most common public queries about the 2026 U.S. federal budget, cla…
What the 2026 Federal Budget Aims to FundInfrastructure upgrades, including roads, bridges, and broadband expansion.Defense spending adjustments reflecting strategic priorities.Social programs such as Medicare, Medicaid, and education grants.Climate‑related investments and clean‑energy incentives.Key Fiscal Figures Highlighted in the VideoProjected overall federal outlays: roughly $5.2 trillion.Estimated deficit for fiscal year 2026: in the range of $1.4–$1.6 trillion.Revenue outlook: anticipated $3.6 trillion from taxes and other sources.Debt‑to‑GDP ratio expected to hover around 115 % by year‑end.Implications for Taxpayers and the EconomyPotential modest adjustments to income‑tax brackets to offset revenue shortfalls.Increased funding for low‑income housing and child‑care assistance.Long‑term debt trajectory could influence borrowing costs and inflation expectations.Infrastructure spending is projected to generate $200 billion in short‑term job growth.Looking Ahead: Potential Policy ShiftsCongress may debate additional revenue measures, including capital‑gains tax tweaks.Future budgets could prioritize climate resilience, reshaping energy subsidies.Monitoring the deficit trajectory will be crucial for Federal Reserve policy decisions.
#United States #Federal Budget #Treasury Department
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Health May 13, 2026

Daily Orforglipron Pill Shows Promise in Sustaining Weight Loss After GLP‑1 Injections

A large‑scale trial presented at the European Congress on Obesity finds that the oral drug orforgli…
A new large‑scale randomized trial presented at the European Congress on Obesity in Istanbul indicates that the oral GLP‑1 antagonist orforglipron can help patients retain the majority of weight lost with injectable therapies such as tirzepatide (Mounjaro) and semaglutide (Wegovy).Trial Shows Oral Orforglipron Preserves Most Weight After Switching from InjectablesThe study, funded by Eli Lilly, followed 376 US patients who had been on tirzepatide or semaglutide injections for 72 weeks and then randomized them to a daily orforglipron tablet or placebo for an additional year.Participants were previously on weekly GLP‑1 jabs that typically produce 15‑20% body‑weight loss.After the injection phase, subjects were switched to oral therapy or placebo for 12 months.Primary endpoint: proportion of weight loss retained at 12 months.Quantitative Outcomes: 75% vs 49% Retention for Tirzepatide Users, 80% vs 38% for Semaglutide UsersWeight‑loss maintenance differed markedly between the pill and placebo groups:Tirzepatide cohort: 75% of lost weight retained with orforglipron vs 49% with placebo.Semaglutide cohort: 80% retained with the pill vs 38% with placebo.Secondary benefits—blood pressure, cholesterol, and glycaemic control—were also sustained in the pill arm.Implications for Obesity Management and Healthcare CostsExperts highlighted the broader significance:Dr Louis Aronne (Weill Cornell Medicine) emphasized that treating obesity directly can simultaneously improve glucose, lipid, and blood‑pressure metrics.Dr Marie Spreckley (University of Cambridge) noted patient preference for oral therapy due to convenience, storage, and lower cost.Dr Simon Cork (Anglia Ruskin University) warned that injectable GLP‑1 drugs, while highly effective, are expensive and limit long‑term accessibility for both private payers and the NHS.The findings suggest a potential shift toward oral agents that maintain efficacy while reducing financial and logistical burdens.Future Outlook: Oral GLP‑1 Therapies Could Redefine Chronic Obesity CareIf further trials confirm these results, orforglipron could become a cornerstone of chronic obesity management, enabling earlier intervention (BMI 25‑27) and possibly preventing progression to severe obesity.Regulators and payers will likely scrutinize cost‑effectiveness models, but the prospect of a cheap, daily tablet that sustains weight loss may reshape treatment algorithms worldwide.
#orforglipron #Eli Lilly #GLP-1
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Sports May 13, 2026

Disabled Golf's Opportunity Gap: Kipp Popert's Plea for Sustainability

World's No. 1 disabled golfer Kipp Popert expresses concern over the DP World Tour's decision to pu…
The Plight of Disabled Golf Kipp Popert, the 27-year-old Englishman who tops the disabled world golf rankings, is on a mission to secure a sustainable future for disabled golf. His efforts are fueled by the recent decision of the DP World Tour to put its G4D circuit into cold storage. This move has left Popert and other disabled golfers uncertain about their ability to compete at a high level and make a living from the sport. The G4D Tour Conundrum The G4D Open, a tournament for 80 golfers with disabilities, is set to take place at Celtic Manor. However, the main platform for players in this domain does not offer prize money, which is a significant concern for Popert. He believes that the best players in the world need to be able to play regularly for a living to inspire young golfers with disabilities and create opportunities at the grassroots level. The Data Analysis The G4D Tour has grown significantly since its inception, with more golfers with disabilities competing at a competitive level. The DP World Tour has announced plans to focus on organizing two major events: the annual G4D Open and a new G4D match at the 2027 Ryder Cup. Kipp Popert's own tournament recently raised £145,000, enabling all 18 entrants to receive a cheque. The Impact Analysis Popert's concerns highlight the challenges faced by disabled golfers in accessing competitive opportunities and making a living from the sport. The lack of prize money and limited tournament opportunities hinders the growth of disabled golf and the development of young players. Popert's efforts to secure funding and support for disabled golfers demonstrate his commitment to creating a more inclusive and sustainable sport. The Prediction As Popert looks to the future, he remains hopeful that his ambition of Paralympic participation can be realized at Brisbane in 2032. However, he emphasizes the need for a sustainable structure to support disabled golfers, including opportunities for them to compete and make a living from the sport. The DP World Tour's decision to engage with stakeholders on a new structure for disabled golf may provide a way forward, but Popert's concerns highlight the urgent need for action to support the growth of disabled golf.
#Kipp Popert #Disabled Golf #DP World Tour
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Politics May 13, 2026

Mass Protests Erupt in Argentina Over Milei’s University Funding Cuts

Tens of thousands of Argentines marched in major cities on Tuesday to protest President Javier Mile…
Lead: Massive Street Demonstrations Across ArgentinaTens of thousands of Argentines converged in major cities on Tuesday to denounce the Javier Milei administration’s cuts to the public university system, a cornerstone of the nation’s tuition‑free higher‑education model.Thousands Take to Streets as Milei’s Cuts Target Tuition‑Free UniversitiesProtesters marched from central Buenos Aires toward the presidential palace, chanting against budget shortfalls that they claim undermine the foundations of higher education. The public university system has been tuition‑free since 1949 and has produced five Nobel laureates.Estimated protest size: tens of thousands nationwide.Key locations: Buenos Aires, Córdoba, Rosario.Government stance: Alejandro Alvarez, undersecretary for university policy, called the march “completely political”.Budget Shortfalls and Salary Declines Highlight Fiscal StrainCongress approved a law last year to finance operating costs and raise academic salaries in line with soaring inflation, but the Milei government has refused implementation and is challenging the legislation in court.University operating‑cost financing law: passed 2025.Real‑term professor salaries have fallen by about one‑third since Milei took office in late 2023.Unemployment and real wages are also declining, contributing to sliding approval ratings for Milei.Erosion of Higher‑Education Foundations Threatens Social MobilityThe cuts strike at a system that has historically enabled social mobility and scientific achievement. Public anger is amplified by corruption allegations surrounding Manuel Adorni, Milei’s cabinet chief, whose alleged lavish spending contrasts sharply with his official salary.Public universities: tuition‑free, historically elite‑producing.Corruption probe: media reports on extravagant expenses by Adorni.Political climate: protests include a broad cross‑section of ages and political leanings.Future Trajectory: Potential Escalation and Policy Reversal ScenariosIf the government continues to block the financing law, protests may intensify, potentially forcing a legislative or judicial reversal. Conversely, a negotiated settlement could restore funding, stabilizing university salaries and tempering social unrest.
#Javier Milei #Argentina #Public Universities
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Politics May 13, 2026

Zelenskyy's Ex-Chief of Staff Appears in Court on Money-Laundering Charges

Ukraine's former President Volodymyr Zelenskyy's chief of staff, Andriy Yermak, has appeared in cou…
The Case Against Yermak A former top aide to Ukraine’s President Volodymyr Zelenskyy has appeared in court as prosecutors seek his arrest on charges of involvement in a multimillion-dollar money laundering scheme. Prosecutors allege that Yermak, 54, funnelled about 460 million Ukrainian hryvnias ($10.5m) into a high-end Dynasty housing complex in Kozyn, near Kyiv. Investigation and Allegations Investigators suspect that funds used in the development may have originated from corruption at Energoatom, Ukraine’s state nuclear energy company. The prosecution has asked the court to remand Yermak in custody, with bail set at 180 million Ukrainian hryvnias ($4m). Yermak denied the allegations. Broader Anticorruption Efforts The case is part of a broader anticorruption operation, dubbed “Midas”, led by the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialised Anti-Corruption Prosecutor’s Office (SAPO). The operation was unveiled last November, when Timur Mindich, a former business associate of Zelenskyy, was accused of orchestrating a $100m kickback scheme at Energaotom. Implications and Reactions Some lawmakers, including members of ⁠Zelenskyy’s governing Servant of the People party, saw a silver lining in the case against Yermak, saying it served as an encouraging sign of Ukraine’s drive to fight corruption. “Partners see that Ukraine has an independent anticorruption system that is performing its function,” said Oleksandr Merezhko, head of the parliamentary foreign-affairs committee.
#Volodymyr Zelenskyy #Ukraine #Money Laundering
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Health May 13, 2026

Prenatal Veggie Exposure May Shape Kids' Taste Preferences, Study Finds

A small study led by Prof Nadja Reissland at Durham University found that fetuses exposed to kale o…
Study Shows Fetal Exposure to Vegetable Flavours Influences Post‑Birth PreferencesThe research team gave pregnant volunteers powdered kale or carrot capsules during the third trimester and later measured their children’s facial reactions to the same smells. Reactions were recorded via ultrasound before birth, repeated at three weeks, and again when the children were about three years old.Methodology: Kale and Carrot Powder Capsules Administered to Expectant MothersParticipants were asked to swallow a capsule each day containing either kale or carrot powder. The study avoided large volumes of juice, which many volunteers found unpalatable, opting for a low‑cost capsule format.Capsules administered in late pregnancy (around 32 weeks gestation).Initial chemosensory response captured with ultrasound imaging.Follow‑up assessments at 3 weeks and 3 years post‑birth.Sample Size and Observed Reactions Reveal Early Flavor MemoryAlthough the cohort was modest, the findings were consistent:12 children were observed at age three.Infants exposed to carrot powder smiled when presented with a carrot scent and grimaced at kale, and vice‑versa for the kale group.The same preference pattern was evident in the ultrasound scans before birth.These results suggest that flavour exposure in utero can create a durable chemosensory memory.Potential Public‑Health Benefits of Early Dietary ConditioningIf replicated on a larger scale, the approach could offer a low‑cost strategy for improving population nutrition:Reducing childhood resistance to vegetables may lower long‑term risks of obesity and diet‑related diseases.Capsules are inexpensive and could be integrated into routine prenatal supplements.The concept is adaptable to different cultural diets, as noted by the researchers’ interest in fish‑rich Japanese diets.Next Steps: Larger Trials and Cross‑Cultural ApplicationsThe authors acknowledge the need for a bigger, funded study to confirm the effect across diverse populations. Future research aims to:Expand the sample size to hundreds of mother‑child pairs.Test additional flavours and odourants, including artificial sweeteners.Explore policy pathways for incorporating flavour‑exposure capsules into prenatal care guidelines.Published in Developmental Psychobiology, the paper titled “Do Human Fetuses Form Long‑Lasting Chemosensory Memories?” opens a new avenue for early nutritional interventions.
#Durham University #Prof Nadja Reissland #prenatal nutrition
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Politics May 13, 2026

Chalmers’ Budget: A First Payment to Future Generations

Treasurer Jim Chalmers’s 2026 budget does not solve all fiscal challenges, but it represents a long…
The Lead: A Budget That Begins to Pay Future GenerationsThe latest Australian federal budget, presented by Jim Chalmers, acknowledges that the nation is at a point in the economic cycle where a surplus should be possible. While it does not erase the existing debt, it marks a decisive step toward investing in reforms that benefit younger Australians and protect the country’s natural capital.Key Reform Packages Embedded in the 2026 BudgetThe budget goes beyond headline numbers to fund a suite of reforms aimed at long‑term productivity and environmental stewardship:Implementation funding for the sweeping amendments to the Environment Protection and Biodiversity Conservation (EPBC) Act passed in December.Investment in a national bioregional planning framework to guide development, renewable energy, mining and carbon‑farming projects.Dedicated resources for Environment Information Australia to improve the quality of biodiversity data.Establishment of a fully resourced, independent Environment Protection Agency with enforcement powers.Fiscal Context: Deficit, Debt and the Push for SurplusThe commentary notes that Australia is currently adding tens of billions of dollars each year to public debt. The budget’s ambition is to reverse this trend by:Targeting a surplus in the current economic cycle.Ensuring the tax system, overdue since the Rudd‑era review, supports stronger budget outcomes.Seeking a larger share of resource rents from foreign multinationals for the public purse.Environmental Impact: From EPBC Amendments to a Resourced EPABy allocating funds to close the implementation gap of the EPBC reforms, the budget aims to move environmental protection from a reactive afterthought to a proactive planning tool. Bioregional plans will map where development can proceed, where it cannot, and where restoration delivers the greatest return, providing certainty for industry and habitat connectivity for threatened species.Outlook: How the Reforms Could Shape Australia’s Next DecadeAccording to former Treasury secretary and climate advocate Ken Henry, the budget’s reforms are “the building blocks that can transform how we protect and restore the environment in the midst of massive economic change.” If the market for nature restoration takes off and the new EPA enforces standards effectively, future generations could inherit a continent with robust ecological foundations, supporting both biodiversity and a sustainable economy.
#Jim Chalmers #Ken Henry #Australian Federal Budget 2026
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Health May 13, 2026

Medicare’s AI‑Driven Payment Model Puts Pair Team at the Forefront of Chronic Care Innovation

Pair Team has been selected for CMS’s new ACCESS program, a 10‑year, outcome‑based Medicare payment…
ACCESS: Medicare’s First AI‑Enabled Outcome‑Based Payment Model Pair Team was announced on April 30 as one of 150 organizations accepted into ACCESS (Advancing Chronic Care with Effective, Scalable Solutions), a CMS initiative that launches on July 5. The program shifts reimbursement from traditional time‑based fees to payments tied to measurable health outcomes such as lower blood pressure or reduced pain, covering conditions like diabetes, hypertension, chronic kidney disease, obesity, depression, and anxiety. Revenue Scale and Funding Behind Pair Team Staff: roughly 850 clinical professionals, the largest community‑health workforce in California. Revenue: exceeds nine figures (>$100 million) annually. Capital raised: about $30 million from investors including Kleiner Perkins, Kraft Ventures, and Next Ventures. Patient reach: partnerships give access to ~500,000 potential patients, with a goal of 1 million within three years. Industry context: digital‑health funding hit its highest Q1 total since the pandemic, with AI firms capturing the bulk of new capital. How Outcome‑Based Payments Could Redefine Chronic Care Delivery The ACCESS model creates the first federal mechanism to pay for AI agents that monitor patients between visits, coordinate social services, and ensure medication adherence. Flora, Pair Team’s voice‑AI assistant, now handles 24/7 intake, referrals, and check‑ins, delivering hour‑long conversations that act as both clinical touchpoints and companionship for high‑needs patients. Peer‑reviewed research in the Journal of General Internal Medicine shows Pair Team’s community‑integrated approach cuts avoidable emergency and inpatient utilization, with one‑in‑four hospital visits and one‑in‑two ER visits averted for its members. Risks remain: the program funnels highly sensitive data into a federal system with a history of breaches, and past CMS innovation pilots have drawn criticism for increasing federal spending without delivering projected savings. What’s Next for AI‑First Health Providers Under ACCESS Batlivala argues that lower per‑patient reimbursement rates are intentional, forcing providers to adopt lean, AI‑driven operations. As the program scales, success will hinge on: Automating patient interactions to keep costs below payment thresholds. Demonstrating measurable outcome improvements across the covered chronic conditions. Managing data‑privacy concerns to maintain trust among vulnerable populations. Attracting additional capital as investors watch the first AI‑centric Medicare payment model unfold. If Pair Team and its peers can prove the model’s efficacy, ACCESS could become a template for nationwide AI‑enabled, outcome‑based reimbursement, reshaping how Medicare incentivizes technology in health care.
#Pair Team #Neil Batlivala #CMS Innovation Center
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