Flood-battered Texas braces for another blow: a fast-moving, flesh-eating parasite from Mexico

The U.S. has closed its southern border again to livestock imports, saying a flesh-eating parasite has moved further north in Mexico than previously reported. Mexico’s president was critical Thursday, suggesting that the U.S. is exaggerating the threat to its beef industry from the parasite, the New World screwworm fly. The female flies lay eggs in wounds on warm-blooded animals, hatching larvae that are unusual among flies for feeding on live flesh and fluids instead of dead material. American officials worry that if the fly reaches Texas, its flesh-eating maggots could…

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The technie who allegedly showed Sam Altman and Jony Ive a drawing of an AI device just got sued by his former employer

A secretive competition to pioneer a new way of communicating with artificial intelligence chatbots is getting a messy public airing as OpenAI fights a trademark dispute over its stealth hardware collaboration with legendary iPhone designer Jony Ive. In the latest twist, tech startup iyO Inc., which already sued Ive and OpenAI CEO Sam Altman for trademark infringement, is now suing one of its own former employees for allegedly leaking a confidential drawing of iyO’s unreleased product. At the heart of this bitter legal wrangling is a big idea: we shouldn’t…

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Why Mark Zuckerberg’s AI talent spending spree is no guarantee that Meta will catch up to rivals

In the last week alone, Meta has poached more than a dozen top AI researchers from peer companies, giving each one immediate cash bonuses worth up to $100 million in a frantic effort to keep up with the AI arms race after falling behind market leaders such as OpenAI and Anthropic. But perhaps Meta CEO Mark Zuckerberg should have remembered the timeless refrain from the classic 1960s hit Beatles song that money “can’t buy me love”—or, in this case, buy performance. Many remember the implosion of Michael Eisner at Disney…

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Private equity roll-ups are undermining the free enterprise system—and the American Dream

America has always been a nation powered by small businesses—local merchants, family-run service businesses, independent companies, restaurants, dry cleaners, and home service businesses. Such companies once formed the backbone of middle-class opportunity, offering a path to economic independence and intergenerational mobility. Entrepreneurship drove our rise, especially among immigrant communities, where opening a storefront or service business meant the difference between survival and prosperity. But today, that small-business lifeblood is being squeezed by a stealth python that is constricting entrepreneurship. Private equity (PE) firms have now increasingly targeted these local businesses…

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Century-old American cereal giant Kellogg is turning Italian, selling to Ferrero for $3.1 billion

Italian confectioner Ferrero, known for brands like Nutella and Kinder, is buying the century-old U.S. cereal company WK Kellogg in an effort to expand its North American sales. The Ferrero Group said Thursday it will pay $23 for each Kellogg share, or approximately $3.1 billion. The transaction includes WK Kellogg Co.’s six manufacturing plants, and the marketing and distribution of its breakfast cereals across the United States, Canada and the Caribbean. WK Kellogg’s shares were up 31% in early afternoon trading Thursday. Kellogg was founded in Battle Creek, Michigan, in 1906 after its founder…

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Deepfake audio of Marco Rubio highlights escalating AI cybersecurity risks

Welcome to Eye on AI! In this edition…xAI releases Grok 4 amid backlash over antisemitic posts…Perplexity launches AI browser to take on Google—starting with its power users…OpenAI is reportedly gearing up to launch its own web browser. An audio deepfake impersonating Secretary of State Marco Rubio contacted foreign ministers, a U.S. governor, and a member of Congress with AI-generated voicemails mimicking his voice, according to a senior U.S. official and a State Department cable dated July 3.  There’s no public evidence that any of the recipients of the messages, reportedly…

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Wall Street’s advice after Nvidia hits historic $4 trillion market cap: BUY

After the chipmaker powered its way to a $4 trillion valuation, the first company to ever reach the milestone, analysts still see room for the stock to grow. The upside for Nvidia, according to its biggest bulls, remains incomplete. There are more returns to be had, they argue.  Nvidia is one of the most beloved stocks by investors. It seems to have ridden the stock market exuberance of AI more than any other company. Investors continue to reiterate its strength as the purveyor of the best AI chips that hyperscalers…

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The Gen Z glossary for Gen X managers: Here’s what your workers mean by “menty B” and “cozzie livs”

As millions of workers have returned to the office, workplaces have welcomed a sizable cohort of Gen Z workers who came of age during the pandemic—and they’re bringing their own slang with them. In a remote setting, language barriers were fairly easy to navigate with the safety net of Google (or rather, Urban Dictionary). But as conversations move from online to in person, it’s going to be impossible to subtly search the definition of “cozzie livs” when talking to younger staff members. Just as research has shown that corporate jargon…

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How business leaders can advocate for better student loan benefit options

Student loan borrowers are facing a brutal new era, as the Trump administration begins to garnish the wages of people in default, and millions who were part of a Biden-era repayment program are hit with interest payments once more. The slow-motion crisis is only getting worse, but there are ways for employers to step in and help workers who are feeling the pinch.  There are several benefits that companies can offer employees struggling under unwieldy debt burdens, including matching student loan contributions to retirement plans, PTO exchanges, financial planning counseling,…

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Pay transparency laws could create chaos for multinational companies and only 19% are prepared

A wave of pay transparency regulations in different parts of the world are expected to go into effect over the next few years, but the majority of employers are unprepared to meet the new requirements. Around 71% of organizations say their pay transparency readiness has improved over the past year, according to a survey of 1,4000 companies globally from professional services firm Aon. But only 19% of organizations consider themselves ready for pay transparency. Around 26% say they’ve conducted a pay equity analysis in the past 12-18 months, and just…

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