The initial public offering from the rocket and AI company raised some $75 billion, making the company one of the biggest in the world — and likely making Elon Musk a trillionaire.
AI is already making health care more expensive, and it's probably only going to get worse. Why it matters: For all of the ways AI could meaningfully improve patients' lives, making care more affordable isn't one of them. Driving the news: PwC on Thursday estimated that medical costs will go up by 9% in the employer market next year, and by 8.5% in the individual market. One of the largest drivers is providers' use of AI-enabled software and scribes that more thoroughly document the care that's delivered. - Such tools are being used "to capture greater billing complexity, and plans are absorbing the cost," per the report. - PwC said the financial impact isn't so much due to people using more medical services as "changes in coded…
Most Americans say the country's best days are behind it as the U.S. approaches its 250th birthday , even as they're personally hopeful about the future. Why it matters: A new Pew Research Center analysis reveals national pessimism, fueled by political polarization and institutional distrust. But the findings also show the American spirit isn't completely broken. By the numbers: Nearly 7 in 10 U.S. adults said in January 2026 they were dissatisfied with the way things are going in the country, compared with 29% who were satisfied, Pew found. - 59% say the country's best years are behind it, while 40% say they are ahead. - Only 50% said in January that the year ahead would be better than the year that just ended — the lowest share in…
The Trump administration released a sweeping cache of government records and videos Friday that include colorful UFO-like orbs flying across the sky in seemingly impossible ways. Why it matters: The disclosure is part of a wave of releases aimed at shedding light on the U.S. government's examination of such sightings, which have been the subject of many conspiracy theories. Zoom in: The documents indicate that government agents have spent years monitoring, investigating and documenting suspected UAP incidents. - At lease some of the sightings took place near sensitive government facilities, according to the reports . Among the items in the tranche: - Videos showing red and yellow light -emitting orbs , some of which appear to split…
The World Cup is drawing attention to soccer's growing popularity in Canada. Soccer has surpassed hockey and all other sports in youth participation, according to a recent report by Jumpstart, a Canadian charity. Canada coach Jesse Marsch said Thursday he has "felt a real momentum behind this team and behind this moment."
Oil prices have defied predictions of even bigger increases than we've seen — but the markets' shock absorbers could easily wear out later this summer unless the Strait of Hormuz opens soon, analysts warn. Why it matters: If the stockpiles run too low and oil prices surge, prices at the pump — which have been falling lately — could spike again as the midterm elections approach. - And buffers against economically devastating shortages in major importing countries are also at risk. The latest: President Trump said Thursday that a deal with Iran is imminent, but the outlook changed so many times in the course of one day that it could easily change again. - The oil markets seem to think it might happen, though, as oil is trading…