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Friday, January 2, 2026
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Healthy 18-year-old welder nearly succumbed to anthrax — the ninth baffling case
Tech/AI

Healthy 18-year-old welder nearly succumbed to anthrax — the ninth baffling case

by admin January 2, 2026
written by admin

In 2022, CDC investigators identified an unexpected trend. From 1997 onward, seven infections caused by Bacillus group bacteria that produce the anthrax toxin were reported — all involved metalworkers. Six of those seven were welders, which led to the label “welder’s anthrax,” while the other case was in a foundry worker who ground metal. In the six instances where the specific Bacillus species was determined, B. tropicus was responsible, including in the newly documented case.

Speculating risks

Why metalworkers, and welders in particular, appear especially susceptible is not clear. In their 2022 report linking the cases, CDC authors suggested it could be a mix of lung immune weakening after inhaling toxic metal fumes and gases produced during metalwork and greater exposure to the dangerous bacteria at work.

In the most recent case, the teenager performed welding about four hours a day, four days a week, often in poorly ventilated or confined spaces and frequently without personal protective equipment like a respirator. Environmental testing at his job site detected anthrax-toxin-producing Bacillus in 28 of 254 spot samples. Other probes into welder’s anthrax incidents have yielded similar findings.

To date, all nine cases have been identified in Louisiana or Texas. However, experts caution that cases are probably undercounted, and models indicate these pathogens could be present across many Southern U.S. states.

Investigators have also suggested iron exposure may be a factor. Bacillus bacteria require iron to grow, and metalworkers can accumulate excess iron in their airways during work. Such iron overload might create favorable conditions for infection. The teen had been working with carbon steel and low-hydrogen carbon steel electrodes.

At present, the exact risk factors and why this otherwise healthy teen — and not others at his workplace — became ill remain unanswered. CDC and state authorities recommended workplace changes to protect metalworkers, including improved respirator use, better ventilation, and enhanced dust control.

An anthrax vaccine exists and is advised for groups considered high risk, such as certain military personnel, laboratory staff, and livestock handlers. Whether metalworkers will be added to that high-risk category in the future is still uncertain.

January 2, 2026 0 comments
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OpenAI restructures several teams to develop audio-focused AI hardware products.
Tech/AI

OpenAI restructures several teams to develop audio-focused AI hardware products.

by admin January 2, 2026
written by admin

OpenAI — the creator of the models and products behind ChatGPT — intends to unveil a new audio language model in the first quarter of 2026, and that model is meant as a deliberate step toward an audio-centered physical hardware device, according to a report in The Information.

Drawing on several people familiar with the plans, including current and former staff, The Information says OpenAI has moved to combine teams from engineering, product, and research into a single initiative focused on advancing audio models, which company researchers consider to trail the text models in both accuracy and speed.

The report also notes that relatively few ChatGPT users choose the voice interface, with most preferring text. The expectation is that substantially better audio models could shift users toward voice, enabling the technology to be used in a broader array of devices, such as cars.

OpenAI plans to introduce a line of physical devices in the coming years, beginning with one focused on audio. People inside the company have discussed various forms for future hardware, including smart speakers and glasses, but the emphasis across the range is on audio interfaces rather than screen-based ones.

January 2, 2026 0 comments
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Maduro states that Venezuela is willing to engage in discussions with the US regarding drug trafficking.
Global

Maduro states that Venezuela is willing to engage in discussions with the US regarding drug trafficking.

by admin January 1, 2026
written by admin

On Thursday, Venezuelan President Nicolás Maduro expressed his willingness to engage in discussions with the US regarding drug trafficking and oil, following weeks of increasing pressure on his administration.

In a broadcast interview with state-controlled Venezuelan television, Maduro stated he was prepared for negotiations with the US “wherever and whenever they desire”.

He also sidestepped inquiries regarding President Donald Trump’s claim that the US had targeted a docking area in Venezuela, allegedly executed by the CIA. The BBC has reached out to the White House for a response.

This comes as US military forces have focused on ships they believe are engaged in narcotics smuggling across the Caribbean and eastern Pacific over the last three months.

Overall, there have been over 30 actions against vessels as part of the Trump administration’s “war on drugs”, resulting in more than 110 fatalities since the US launched its initial attack on a boat in international waters on September 2.

The most recent attack occurred on Wednesday when two vessels allegedly carrying illegal drugs were hit, leading to the death of five individuals aboard, according to US military reports.

On Monday, Trump stated that the US had executed a strike on a “dock area” associated with purported Venezuelan drug boats, resulting in a “significant explosion”.

The explosion was attributed to a drone strike conducted by the CIA, as reported by CNN and the New York Times, which referred to sources familiar with the situation. If verified, this would mark the first confirmed US operation within Venezuelan territory.

However, Maduro was ambiguous during the interview. When asked to confirm or deny the attack, he remarked, “this could be a topic we discuss in a few days”.

In addition to drug trafficking, Maduro expressed his willingness to negotiate concerning oil and migration issues.

Without substantiating evidence, Trump has accused Maduro of “emptying his prisons and mental institutions” and “coercing” inmates to migrate to the US.

The US has also intensified its crackdown on sanctioned oil tankers entering and exiting Venezuela.

On December 10, US forces detained an oil tanker off the coast of Venezuela, claiming it was “used to transport sanctioned oil from Venezuela and Iran”. Venezuela condemned this as an act of “international piracy”.

Since that incident, the US has seized one additional oil tanker and is pursuing a third vessel.

The Trump administration has framed its operations against suspected drug traffickers as a non-international armed conflict, but legal analysts suggest these actions might breach international conflict laws.

The US has not provided evidence to confirm that the targeted vessels are engaged in drug trafficking. Nevertheless, the US Southern Command reiterated this week that “intelligence has confirmed the vessels were moving along established narco-trafficking routes and participating in narco-trafficking activities”.

January 1, 2026 0 comments
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Approximately 40 fatalities reported in fire at bar in Swiss ski resort, according to authorities.
Global

Approximately 40 fatalities reported in fire at bar in Swiss ski resort, according to authorities.

by admin January 1, 2026
written by admin

Approximately 40 individuals have perished following a devastating fire that swept through a bar in a ski resort located in southern Switzerland, according to police reports. An additional 115 individuals sustained injuries, with many being described as “severely” harmed.

The blaze erupted around 01:30 (00:30 GMT) during New Year festivities in a bar named Le Constellation in Crans-Montana.

Authorities looking into the event have yet to confirm the reason, but have firmly ruled out any possibility of an attack.

Individuals from various nations have been impacted. Frédéric Gisler, the regional police commander, indicated that the immediate focus in the upcoming days would be on identifying the deceased “to ensure their bodies can be returned swiftly” to their relatives.

Thirteen helicopters, 42 ambulances, and 150 emergency personnel were dispatched overnight to the fire’s location in the Valais area, which is a favored destination for tourists.

Most of the injured suffered from severe burns, with 60 individuals transported to the Sion hospital in Valais, and a “significant number” reported to be in critical condition, according to Regional governor Mathias Reynard.

The intensive care unit was fully occupied, and Reynard emphasized that the local community must exercise extra caution to prevent unnecessary hospital visits.

“We are painfully aware that the process of identifying the deceased and the injured may take an excruciatingly long time for the families involved,” Reynard added.

Some victims have been transported to hospitals in other Swiss cities, including Lausanne and Zurich, which feature specialized burn units.

A representative from Lausanne University Hospital reported that they were managing 22 patients with burn injuries, while Zurich University Hospital stated that 12 patients were being treated for burns.

Some patients were shifted to Geneva University Hospitals, receiving treatment for severe “third degree” burns, and were described as “very young… between 15 and 25 years of age”, Dr. Robert Larribau told the BBC’s World Tonight program.

“The fire ignited with such intensity that the burns can be internal. Individuals inhaled toxic smoke into their lungs,” Dr. Larribau noted.

Richard Hagger, president of the UK Association of Fire Investigators, elaborated on the “flashover” phenomenon believed to have contributed to the fire’s lethal nature.

“Initially, a fire ignites, the flames and heat radiation reach the ceiling and spread outwards,” he explained to The World Tonight.

“This thermal radiation then cascades down onto additional combustible materials, such as furniture, increasing the temperature to the point where they break down thermally and release flammable gas.

“Subsequently, that gas catches fire, igniting rapidly. Hence, the room essentially transforms into a fully engulfed fire within moments.”

The Italian Foreign Ministry informed the BBC that 16 Italian citizens are currently unaccounted for, and between 12 and 15 others are receiving hospital care.

The French foreign ministry reported that eight of its nationals are missing and did not exclude the possibility that French citizens may be among those deceased.

French media stated that at least two of the injured are French citizens.

Three Italian nationals were being relocated to Milan’s Niguarda hospital, which has a significant burn unit, Italian councillor Guido Bertolaso mentioned.

They suffered burns covering “30-40% of their bodies,” he informed reporters, remaining intubated, but “the ability to transfer them is a positive sign.”

The exact count of fatalities and injuries remains uncertain, along with the nationalities involved; however, officials have affirmed that multiple nationalities were affected.

During a press briefing on Thursday evening, officials indicated they were unaware of how many individuals were present in the bar at the time of the fire’s outbreak.

State councillor Stéphane Ganzer described the bar as hosting a “young festive crowd” during the New Year’s Eve celebration.

Attorney General Beatrice Pilloud stated that a probe was underway “to ascertain the circumstances that led to this tragic event.”

She was questioned by reporters at the press briefing about speculations that champagne bottles equipped with flares might have started the fire and whether the staircases were “very narrow”.

She replied that she could not verify anything while the investigation is still in progress.

Ms. Pilloud noted that the staircases appeared to be narrow, but investigations would evaluate if they complied with standards.

She mentioned that “multiple theories” regarding the cause of the fire have surfaced, with the predominant hypothesis being a “general fire that led to conflagration” – a significant fire resulting in extensive damage, as opposed to an explosion.

Several witnesses have been interviewed, and phones have also been retrieved for examination.

“At no point is an attack being considered,” she asserted.

Efforts are continuing to identify the victims and return bodies to families as swiftly as possible, Ms. Pilloud stated, adding: “Significant work is necessary to achieve that. This extensive work will necessitate the closure of the area.”

The Italian ambassador to Switzerland, Gian Lorenzo Cornado, remarked that it could take weeks to identify the deceased.

A helpline has been established for families: +41 848 112 117

The fire was “one of the gravest tragedies our country has faced,” Swiss President Guy Parmelin informed reporters.

Local residents convened to honor the deceased and wounded at a vigil at Montana Station Church on Thursday evening, and floral tributes were placed near the fire site.

Crans-Montana, a high-end ski resort, gained fame in the 1980s for hosting World Cup skiing events.

Le Constellation, which has been in operation for many years, features an upper level with television screens where patrons watch football matches, alongside a spacious bar on the lower level for socializing and dancing.

The UK Foreign Office expressed that its “thoughts are with all affected by this horrific tragedy” and that consulate staff were prepared to assist any British nationals impacted.

King Charles conveyed his and his wife Queen Camilla’s “deep sadness” upon learning of the fire, describing it as “utterly heartbreaking that a celebration night for youths and families has turned into such a nightmarish tragedy.”

French President Emmanuel Macron stated that France was admitting the injured from Crans-Montana to its hospitals.

European Commission President Ursula von der Leyen mentioned that the EU is collaborating with Swiss authorities to provide medical assistance to victims via the EU’s civil protection mechanism.

January 1, 2026 0 comments
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Marvel ushers in the new year with a Wonder Man trailer
Tech/AI

Marvel ushers in the new year with a Wonder Man trailer

by admin January 1, 2026
written by admin

Marvel Studios kicked off the new year by dropping a new trailer for Wonder Man, an eight-episode miniseries that arrives later this month on Disney+. Part of the MCU’s Phase Six, the show was developed by Destin Daniel Cretton (Shang-Chi and the Legend of Five Rings) and Andrew Guest (Hawkeye), with Guest acting as showrunner.

As previously reported, Yahya Abdul-Mateen II leads as Simon Williams, aka Wonder Man — an actor and stunt performer who actually has superpowers and decides to audition for the starring role in a superhero TV reboot of an earlier Wonder Man incarnation. Demetrius Grosse plays Simon’s brother Eric, aka Grim Reaper; Ed Harris portrays Simon’s agent Neal Saroyan; and Arian Moayed appears as P., presumably an agent with the Department of Damage Control. Lauren Glazier, Josh Gad, Byron Bowers, Bechir Sylvain, and Manny McCord are also listed in undisclosed parts.

Ben Kingsley rounds out the cast, returning to the MCU as the down-on-his-luck actor Trevor Slattery. You might remember Slattery from 2013’s Iron Man 3, where he was hired by that film’s villain to pose as the head of the international terrorist group the Ten Rings. Slattery reappeared in 2021’s Shang-Chi and the Legend of the Ten Rings, having been rehabilitated after prison; there he assisted Shang-Chi (Simu Liu) on his journey to the mythical village of Ta Lo.

Just before last fall’s New York Comic Con a one-minute teaser that played up the meta-humor was released, and a full trailer debuted at the event that largely set up the premise as Simon prepared to audition for his dream role. The newest trailer reuses some of that footage but adds a scene where Simon must sign a form asserting he has no superpowers. The catch is that he does — and the pressure of the audition and the acting process itself triggers those powers in explosive fashion. The Department of Damage Control consequently deems Simon an “extraordinary threat.”

Wonder Man debuts on Disney+ on January 27, 2026.

January 1, 2026 0 comments
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Public domain 2026: Betty Boop, Pluto, and Nancy Drew released
Tech/AI

Public domain 2026: Betty Boop, Pluto, and Nancy Drew released

by admin January 1, 2026
written by admin

  • Entertainment

The year 1930 ushered in a wave of risqué films, introduced Betty Boop for the first time, and showcased Disney’s earliest rendition of its most beloved canine.

The year 1930 ushered in a wave of risqué films, introduced Betty Boop for the first time, and showcased Disney’s earliest rendition of its most beloved canine.

Jan 1, 2026, 4:30 PM UTC
bettyboop-dizzy-dishes
bettyboop-dizzy-dishes

Several years earlier, I was working on a science fiction short story where I wanted to weave in lyrics from a song released in 1928, “Button Up Your Overcoat.” However, upon selling the story, my editor advised against including the lyrics as they were still under copyright.

Had I penned the story today, I could have incorporated them since the song lapsed into public domain two years back.

If you’re searching for songs, novels, or films that you wish to use, you are likely investigating which favorites are now entering the public domain. This year, works copyrighted from 1930 (excluding sound recordings, which pertains to 1925) are now free to utilize and adapt in the United States.

As noted in our report last year, Duke Law School’s Center for the Study of Public Domain has once again compiled the most significant works that have escaped copyright’s grasp.

To begin with, as we did last year, let’s review some of the notable works that are now in the public domain this year (you can check the complete list here):

  • William Faulkner’s novel As I Lay Dying
  • Agatha Christie’s novel The Murder at the Vicarage
  • The original first four Nancy Drew mysteries, starting with Secret of the Old Clock
  • Fleischer Studios’ Betty Boop
  • The Blondie comic strip by Chic Young
  • All Quiet on the Western Front, the movie directed by Lewis Milestone
  • Animal Crackers, the second film of the Marx Brothers.
  • The Blue Angel featuring Marlene Dietrich
  • Disney’s short film Just Fiddlin’ Around (Just Mickey)
  • The songs I Got Rhythm and Embraceable You by George and Ira Gershwin
  • Dream a Little Dream of Me, with lyrics by Gus Kahn, music composed by Fabian Andre and Wilbur Schwandt.
  • The recording of The St. Louis Blues, featuring Bessie Smith and Louis Armstrong
  • Fascinating Rhythm, performed by the Paul Whiteman Orchestra

And many more.

The year 1930 marked a significant moment for risqué films that were not bound by the Hays Code, a collection of self-enforced regulations stating films must not “diminish the moral standards of viewers.” While some studios began complying with the code in 1930, it wasn’t rigorously implemented until 1934, which forbade portrayals of profanity, crime, and sexual themes, as pointed out by Duke University. An example is the film Morocco from 1930, in which Hollywood actress Marlene Dietrich dons a tuxedo and kisses another female character — an act that would have been prohibited under the Hays Code.

Betty Boop, that unstoppable flapper from Fleischer, made her first appearance in 1930 in the cartoon Dizzy Dishes, so feel free to utilize clips for your personal project. However, exercise caution — Betty Boop initially featured as a dog, with her later earrings originally resembling dog ears. Thus, it is that version that resides in the public domain, not the more modern, anthropomorphic iterations. Similarly, the original debut of Pluto (previously known as Rover) in The Picnic is the version now accessible in the public domain.

Additionally, if you’re a gamer interested in exploring these characters, consider participating in the Gaming Like It’s 1930 jam. You have until the end of January to submit your digital or analog game — just remember it must feature a work from 1930.

Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.

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January 1, 2026 0 comments
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Bernie Sanders and Ron DeSantis express opposition to the surge of data centers. This bodes poorly for the AI sector.
Economy

Bernie Sanders and Ron DeSantis express opposition to the surge of data centers. This bodes poorly for the AI sector.

by admin January 1, 2026
written by admin

Democratic Socialist Senator Bernie Sanders and right-wing Governor Ron DeSantis have almost no points of agreement. However, they discovered a shared perspective this year as leading critics of the artificial intelligence sector’s data center expansion.

The collaboration of these two national figures from opposing sides indicates that a political awakening is occurring regarding the AI industry’s influence on electricity costs, grid reliability, and employment opportunities. If this opposition evolves into a substantial bipartisan agreement, it could hinder the industry’s future growth initiatives.

Sanders, I-VT, has proposed a national halt on data center development.

“Honestly, I believe we need to decelerate this process,” Sanders told CNN during a Dec. 28 interview. “It is unacceptable for the oligarchs to inform us that it’s inevitable — you must adjust. What are they suggesting? That they will provide healthcare to everyone? What will happen when people are unemployed?”

Governor DeSantis introduced an AI bill of rights on Dec. 4 aimed at safeguarding local communities’ authority to prevent data center development among other measures. The strong Republican’s initiative might clash with the White House’s agenda, which favors a rapid expansion of AI. President Donald Trump signed an executive order on Dec. 11 to curb “excessive state regulation” of AI.

“Our grid is limited. The United States lacks sufficient grid capacity to fulfill the goals of the AI industry,” DeSantis stated about the proposed data centers during an event in The Villages, Florida.

“As more information has emerged, would you want a hyperscale data center in The Villages? Yes or no,” the governor inquired. “I believe most people would say they do not want it.”

DeSantis is nearing the end of his second term as Florida’s governor, and his future political plans remain uncertain. Sanders has indicated that his fourth term as Vermont’s senator will likely be his final one.

Florida and Vermont are not prominent states for data centers. However, soaring utility rates significantly contributed to Democrat Abigail Spanberger’s landslide victory in Virginia’s gubernatorial race this year, located in the world’s largest data center market.

Projected residential electricity rates are expected to rise an average of 4% nationwide in 2026, following a 5% increase in 2025, according to the federal Energy Information Administration.

As the cost of living continues to dominate American politics, how data centers impact local communities is likely to be a crucial issue in the mid-term elections next November.

“We’ve transitioned from an era when data centers were largely regarded as unequivocally beneficial and a driver of economic growth by many politicians and policymakers, to a stage where there’s acknowledgment of shortages,” stated Abe Silverman, who was general counsel for the public utility board in New Jersey from 2019 to 2023 under Democratic Governor Phil Murphy.

“There’s insufficient generation capacity to reliably supply current customers and data centers,” Silverman asserted.

Crisis on the largest grid

The demand shortage is particularly severe on the nation’s largest grid, PJM Interconnection, where data center demand is pushing the system close to its limits. By 2027, the grid will be short by six gigawatts of its reliability standard, as reported by PJM.

This power shortfall is roughly equivalent to the electricity needs of Philadelphia, according to Silverman, who noted that this increases the likelihood of blackouts. “Rather than experiencing a blackout every decade, we might see them more frequently,” he remarked.

“We are currently facing a crisis. PJM has never been this deficient,” said Joe Bowring, president of Monitoring Analytics, which acts as the independent market monitor for PJM.

PJM Interconnection provides service to over 65 million individuals across 13 states in the Mid-Atlantic and Midwest, including key swing states for the mid-term elections like Pennsylvania and Virginia.

The cost to secure power capacity in PJM has surged in recent years, with $23 billion attributed to data centers, according to Monitoring Analytics. These expenses ultimately trickle down to consumers, resulting in a “massive wealth transfer,” the watchdog informed PJM in a November letter.

“I don’t believe we have seen the conclusion of the political ramifications,” remarked Rob Gramlich, president of Grid Strategies, a consulting firm in the power sector.

“With significantly more elections in 2026 compared to 2025, we’ll observe numerous outcomes,” Gramlich noted. “Each politician will claim they have solutions for affordability and that their rivals’ practices would hike prices.”

The shortage will worsen due to Trump’s recent choice to halt all offshore wind farm projects currently under construction along the East Coast, asserted Silverman. This suspension includes the Coastal Virginia Offshore Wind project, a significant 2.6-gigawatt initiative that would contribute to the enormous data center market in northern Virginia.

“By halting a project soon expected to launch, you are directly inflating the electricity costs we all face, and not just by a small margin,” Silverman commented. “This creates a huge additional gap we need to overcome.”

Data centers now encounter resistance on several levels. The PJM watchdog has urged the grid to deny data center requests when it cannot provide adequate power or require them to generate their own energy. Virginia’s utility regulator is now mandating data centers to cover the majority of the expenses for new transmission and generation infrastructure starting in 2027.

Next year, data center developers will likely shift towards constructing more onsite power plants, referred to as co-location, as they attempt to quickly secure power supply from the grid, according to Brian Fitzsimons, CEO of GridUnity, a firm specializing in helping utilities manage connection requests through software.

However, Silverman warned that “co-location” presents issues that will also attract political attention.

“Co-location effectively removes a power generator from the market,” he remarked. “It would be unethical for a scenario to develop where data centers can purchase private power plants, putting the rest of us at a higher risk of blackouts.”

January 1, 2026 0 comments
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A 5 million percent yield over 60 years ensures that Warren Buffett's legacy remains unparalleled
Economy

A 5 million percent yield over 60 years ensures that Warren Buffett’s legacy remains unparalleled

by admin January 1, 2026
written by admin

Warren Buffett and Greg Abel navigate through the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.
David A. Grogen | CNBC

The beacon of the investment world is starting to fade.

Warren Buffett has transferred the CEO position to Greg Abel following a sixty-year tenure that transformed a mundane textile firm into one of the most robust compounding entities in market history, leaving investors questioning the uniqueness of that feat, even as he retains the role of chairman of Berkshire Hathaway.

When Buffett assumed control of Berkshire in the mid-1960s, its stocks were valued at approximately $19. By the close of 2025, a single Class A share had appreciated to over $750,000.

From 1964 — the year preceding Buffett’s takeover of Berkshire — to 2024, this unparalleled conglomerate achieved a compound annual growth of 19.9%, nearly double the S&P 500‘s 10.4%, culminating in an overall return exceeding 5.5 million percent, as per the company’s latest annual report. Additionally, the shares contributed another 10% to that return in 2025.

The record was established with a surprisingly simple strategy: leverage insurance float as a low-cost capital source, acquire businesses with sustainable cash flows and allow time to do most of the heavy lifting. This strategy led to long-held stakes in firms such as Coca-Cola and American Express, while Berkshire broadened its reach into railways, utilities, and manufacturing through fully owned subsidiaries.

“If replicating this success were that straightforward, others would already be doing it,” remarked Bill Stone, chief investment officer at Glenview Trust Company and a Berkshire shareholder. “You consider the dynamic of having Charlie Munger as your collaborator; it’s difficult to envision such a partnership forming again anytime soon.”

As Buffett steps down, investors are increasingly preoccupied with what will be lost with his departure. Seth Klarman, founder of the Baupost Group, labeled Buffett “an American model” and indicated that his retirement signifies more than a mere leadership change.

“The investing realm will be altered without Warren Buffett leading Berkshire,” Klarman stated in a tribute.

‘Embracing Silence’

Buffett has mentioned he’s “embracing silence” as he steps away, indicating a diminished public involvement even as he retains the chairman title. Abel will take over the duty of crafting Berkshire’s annual shareholder letters, a custom Buffett initiated in 1965 that has become essential literature on Wall Street for its straightforward insights on markets, management, and capital allocation. Though, Buffett will continue to write a Thanksgiving message.

The annual letters were a crucial part of Buffett’s influence. The other was Berkshire’s annual shareholder meeting. Frequently referred to as “Woodstock for Capitalists,” the event attracted tens of thousands of investors to Omaha, Nebraska every year for extended unscripted Q&A sessions. The occasion solidified Buffett’s position not just as a custodian of capital, but as a reliable public figure investors relied upon to provide clarity in times of market turbulence.

Buffett also dismissed numerous Wall Street traditions. Berkshire never split its stock, which discouraged speculation and fostered a shareholder base focused on long-term success rather than immediate gains. The company opted not to provide earnings forecasts and allowed operational managers significant independence, while capital allocation remained a centralized process in Omaha.

“Warren, in his role as chairman, will act as an advisor to Greg, a cultural anchor, and a genuine long-term strategist,” said Ann Winblad, managing director at Hummer Winblad Venture Partners and a long-time Berkshire shareholder, on CNBC’s “The Exchange.” “Will the company significantly alter its strategies? No… The culture of Berkshire Hathaway, which is what I’ve invested in, which is patient, long-term, careful, and decisive investing, will likely persist.”

The company reported a record $381.6 billion in cash as of the end of September, highlighting both its financial capacity and Buffett’s prudence in an overvalued market. Berkshire has also consistently sold more equities than it has bought for 12 consecutive quarters, indicating a rare and ongoing pullback that reflects limited opportunities at its scale.

Shareholder focus is now turning to a less defined part of the succession strategy: the future of its $300 billion equity portfolio. With no clear successor boasting a similar record in public equities, some analysts suggest that Berkshire might ultimately reduce its active stock picking, especially given the size and concentration of the portfolio.

Buffett has reiterated to shareholders the importance of not equating volatility with failure.

“Our stock price will fluctuate irrationally, at times plummeting 50% or more, as has occurred three times in 60 years with current management,” he stated. “Do not lose hope; America will rebound, and so will Berkshire shares.”

January 1, 2026 0 comments
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“Streaming no longer feels limitless”: What subscribers can expect in 2026
Tech/AI

“Streaming no longer feels limitless”: What subscribers can expect in 2026

by admin January 1, 2026
written by admin

“Large merged catalogs encourage firms to concentrate on established intellectual property since it travels well, can be merchandised, and lowers marketing risk,” said Robert Rosenberg, a partner at the New York law firm Moses Singer who specializes in intellectual property, entertainment, technology, and data law.

Rosenberg also anticipates a “tilt toward” live events, sports, and unscripted programming “for retention” should HBO Max be sold.

In the near term, Rory Gooderick, research manager at analyst firm Ampere Analysis, predicted that WBD will be “cautious when greenlighting new large-scale projects until” the deal is completed.

Beyond the possible HBO Max sale, additional merger activity might push streaming platforms away from their initial pitch of providing braver, more idiosyncratic programming.

As consolidation progresses, “sticky content,” such as procedurals, reality series, and “comfort TV that drives long viewing sessions,” will become a priority for mainstream subscription-based streaming services, particularly as they lean more on ad-supported tiers, Goodman predicted.

A more stable future?

The coming year will be pivotal for streaming and have enduring effects on subscribers. We’ve outlined several downsides, but there may be an upside. Although more upheaval is possible, there’s hope we’ll begin to see a path toward steadier streaming choices.

Subscribers can’t directly prevent mergers, price increases, or changes to libraries. However, as services such as Netflix and Disney+ aim to be one-stop destinations with vast catalogs, other platforms have a chance to sharpen their niches and differentiate themselves by offering offbeat, unexpected, and rare content at more affordable price points.

As the market calms, streamers should remember how much variety matters to subscribers. According to Bill Michels, chief product officer at Gracenote, Nielsen’s content data business unit:

There will be some consolidation. But the [connected TV] environment, including FAST and [direct-to-consumer] channels, still offers more than enough video variety for viewers, so the main challenge will be matching content to the proper audience. Audience engagement rests on strong content. Audience retention relies on ensuring viewers always have something to watch.

January 1, 2026 0 comments
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Zelensky states that the peace agreement is 90% prepared in his New Year speech.
Global

Zelensky states that the peace agreement is 90% prepared in his New Year speech.

by admin January 1, 2026
written by admin

The President of Ukraine, Volodymyr Zelensky, announced that a peace deal aiming to conclude the war with Russia is “90% finalized,” during a New Year message that primarily highlighted the resistance to Moscow’s significant invasion.

He indicated that the final 10% of the peace agreement, which would bring nearly four years of conflict to a close, would “decide the destiny of peace, the fate of Ukraine and Europe”.

In his own New Year remarks, Russian President Vladimir Putin assured his soldiers that “we trust in you and our triumph.”

Earlier on Wednesday, Moscow presented what it claimed as proof of Ukraine utilizing drones to target Putin’s private residence on Lake Valdai in north-western Russia, accusations that Kyiv has robustly denied.

The evidence included a map purportedly illustrating that the drones were launched from the Sumy and Chernihiv areas of Ukraine, as well as a video showing a downed drone in a snowy forest. A soldier beside the debris asserts it is a Ukrainian Chaklun drone.

The BBC has not been able to authenticate the video, and it is not feasible to determine its filming location.

The Kremlin stated that Russia would reassess its stance on the ongoing peace discussions due to the alleged incident.

Nevertheless, Kaja Kallas, the EU’s leading diplomat, characterized the Russian claims as a “calculated diversion” and an effort to disrupt the peace process.

In his 20-minute speech to the public, Zelensky asserted that Ukraine does not seek peace “at any price,” emphasizing that “we desire the conclusion of the war – not Ukraine’s demise.”

He remarked that a Ukrainian retreat from the eastern Donbas region would mean “everything is finished,” referring to Russia’s uncompromising demand that Moscow gain complete authority over the industrial zone in any peace treaty.

Currently, Moscow governs about 75% of the Donetsk region and approximately 99% of the adjacent Luhansk. Collectively, these areas are referred to as Donbas.

The status of this region has been a significant hurdle throughout negotiations, with Russia persistently unwilling to compromise on its desire to obtain full control of Donbas.

In his address, Zelensky expressed gratitude to leaders who have supported Ukraine but stated that “intentions must transform into security assurances, and thus – be confirmed.”

Following discussions between Zelensky and his US counterpart Donald Trump in Florida earlier this week, the Ukrainian leader mentioned that Washington had proposed security guarantees for 15 years – although a timeline for their execution remains unclear.

“Signatures under feeble agreements only fuel conflict,” Zelensky remarked in his address. “Either the world halts Russia’s aggression, or Russia compels the world into its conflict.”

In contrast, Putin’s New Year statement was notably shorter.

Commenting on the war in Ukraine, which Moscow labels a “special military operation,” Putin stated: “We aim to provide joy and warmth through our caring for those needing assistance and, naturally, to uphold our heroes – the participants in the special military operation – both in spirit and through actions.”

Separately, North Korean leader Kim Jong Un utilized his New Year address to commend the “unstoppable alliance” between Pyongyang and Moscow, while praising the soldiers engaged in “foreign lands.”

According to South Korean officials, North Korea has dispatched thousands of troops to support Russia’s invasion, alongside missiles and long-range weaponry.

Estimates from South Korea suggest that at least 600 of those soldiers have perished.

Zelensky has expressed a wish for peace talks to resume and quicken this month with participation from both US and European representatives.

French President Emmanuel Macron stated that European nations and allies set to convene in Paris on 6 January “will make definite commitments to uphold Ukraine and ensure a fair and enduring peace on our European continent.”

On Wednesday, advisers to Trump held discussions with Zelensky and national security advisors from the UK, France, and Germany regarding ending the conflict in Ukraine.

US special envoy Steve Witkoff mentioned that they deliberated on “enhancing security assurances and formulating effective deconfliction strategies to help conclude the conflict and guarantee it does not reignite.”

However, any agreement will ultimately require Russian agreement, which does not appear to be forthcoming – and the alleged drone event above Putin’s residence may have pushed this further out of reach.

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