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Paramount officially merges with Warner Bros. Here’s how we got here

1 week 3 days ago

It’s official: Skydance-owned Paramount has closed its $81 billion takeover of Warner Bros. Discovery.

The companies completed the deal on Tuesday, ushering in a new Hollywood giant with the now shorter “Skydance” nametag. The merger brings two of America’s oldest moviemaking studios together. And HBO Max, titles ranging from Harry Potter to Sinners, and even networks like CNN find themselves under the same roof as Paramount+, CBS, and the likes of Top Gun and The Godfather.

All of them will come under the helm of billionaire David Ellison and his new co-CEO, Ynon Kreiz. That further concentrates power in an industry already run by just a handful of major players. Ellison’s Skydance bought out Paramount for $8 billion just last year, and set its sights on Warner—an even bigger fish—very soon after.

What followed erupted into a tumultuous, roughly yearlong fight over Warner’s fate.

Skydance Corp. emerges from one of the biggest tie-ups ever in the media and entertainment industry. Including billions of dollars in debt, the Warner acquisition amounted to nearly $111 billion.

“Today is a historic day, not just for Skydance but for our entire industry,” Ellison said in a statement Tuesday. “We couldn’t be more excited to get to work.”

Here’s a look at some of the key moments that got us here.

Netflix v. Paramount

The early days of Paramount’s quest for Warner turned into a messy bidding war.

Months after disclosing it was open to selling parts or even all of its business, Warner initially struck a studio and streaming deal with Netflix back in December. But Skydance-owned Paramount, which claimed Warner management “never engaged meaningfully” with its previous proposals, soon launched a hostile counterbid aimed at taking over the entire company—including networks like CNN and Discovery.

The Hollywood giants spent much of early 2026 in a heated back-and-forth over who had a stronger offer on the table, with Warner leadership repeatedly backing Netflix as its preferred suitor. But Paramount eventually upped its offer to buy all of Warner for $31 per share, and Netflix opted to bow out of the race. Warner and Paramount inked a mutual merger agreement by late February.

The response from Hollywood

Hollywood was closely watching the fight over Warner’s future. And from awards shows to online petitions, A-list celebrities and other creatives made their voices known.

In April, thousands of movie stars, writers, directors, and other professionals announced their “unequivocal opposition” to the Paramount-Warner merger. The open letter—which was signed by long-outspoken critics of the deal like Jane Fonda and Mark Ruffalo, as well as Hollywood heavyweights from Denis Villeneuve to J.J. Abrams—warned of fewer jobs and “less choice for audiences in the United States and around the world.”

Meanwhile, some other stars lined up to back Paramount as Ellison reiterated his commitments to the movies. At CinemaCon this past spring, the company debuted a glossy mini movie about the studio directed by Jon M. Chu and narrated by Tom Cruise—who ended the spot atop the iconic Paramount water tower with the words “the future is Paramount, and the future looks pretty great from here.” Director James Cameron also doubled down on his support of Ellison.

The prospect of a new Warner owner also loomed over awards season this year, from #BlockTheMerger pins to more subtle nods in acceptance speeches. When accepting her Emmy last month, Remarkably Bright Creatures actor Sally Field—who also signed the open letter in opposition to the Paramount-Warner deal—stressed that “unique storytelling matters” and “we can’t let those voices be silenced, or compromised or merged.”

Many industry critics were also outspoken when Netflix’s studio and streaming deal was on the table, with particular focus on the future of movies staying in theaters.

Trump and CNN

Trump has regularly attacked reporting he deems unfavorable at CNN (most recently attempting to bar the outlet from the White House altogether). And over the course of the Warner buyout, his administration wasn’t afraid to chime in about hopes for a new owner.

In December—days after Paramount launched its hostile bid for Warner—the president said that CNN spreads “poison and lies,” adding that “I think the people who have run CNN for the last long period of time are a disgrace” and “it’s imperative that CNN be sold.”

The White House took aim again at CNN in March, over the network’s coverage of the U.S.-Israeli war against Iran. At the time, Secretary of Defense Pete Hegseth told reporters that “the sooner David Ellison takes over that network, the better.”

Ellison has said editorial independence will be maintained at CNN, and under a since-finalized settlement with the states, the company also agreed to form a “News Editorial Independence Board.” But critics point to turmoil already seen at CBS under Skydance ownership—and aren’t convinced this new body will move the needle much, because Ellison is set to have ample oversight over appointments. Outside this board, however, the combined company is retaining Mark Thompson as CNN’s editor-in-chief.

Trump has separately continued to criticize CBS coverage under Skydance ownership. Still, the president has held a long relationship with the billionaire Ellison family. Paramount’s chief reportedly hosted a dinner in Washington in Trump’s honor back in April, on the same day Warner shareholders gave their green light for the merger. And in June, just two days after the U.S. Justice Department said it wouldn’t intervene in the deal, Ellison attended an Ultimate Fighting Championship match on the White House lawn for Trump’s 80th birthday (streamed by Paramount+).

Gulf money

To help fund its Warner buyout, Paramount racked up billions of dollars in financial backing from three Gulf countries: Saudi Arabia, Qatar, and the United Arab Emirates. The Federal Communications Commission approved the company’s request for sizeable indirect ownership from those foreign investors.

Paramount previously disclosed it expected those funds to indirectly own nearly 50% of equity interests—but no voting rights—of what is now the larger Skydance. But the company asked for clearance of up to 100% to account for potential future investments, which the FCC granted, citing in part that access to more capital would strengthen the broadcast industry and was therefore “in the public interest.”

Critics—including the FCC’s sole Democratic commissioner, Anna Gomez—have called the move alarming and unprecedented. They argue that amount of money opens the door to behind-the-scenes influence.

The final antitrust fight

Paramount cleared antitrust hurdles for its Warner acquisition from regulators worldwide over the summer, including the Trump administration’s Justice Department.

But in July, Democratic attorneys general from 12 states—led by California’s Rob Bonta—sued to block the merger, alleging the combined company would “extinguish competition” and lead to fewer choices for consumers, particularly movie theatergoers and cable customers across the U.S.

The Writers Guild of America followed suit. And Paramount agreed to put its Warner buyout on ice well into next year so the challenges could head toward a larger antitrust trial.

Settlement agreements emerged in September. The states’ terms, eventually approved by a judge, include pledges from the company to increase film production in the U.S. over the next five years, commit millions of dollars to a fund aimed at supporting workers displaced by the merger, and again establish new editorial monitoring of CNN and CBS.

Settling these challenges marked a key hurdle ahead of closing the deal. Critics decried the deal as capitulating to corporate pressure and said the remedies were too weak.

—By Wyatte Grantham-Philips, AP Business Writer

Associated Press

Measure “life share” instead of customer satisfaction

1 week 3 days ago

Many leaders fall into the trap of thinking a “satisfied” customer is a loyal one. But behavioral science tells a different story: Mere satisfaction is a low bar that rarely prevents churn. If a competitor offers a lower price or a shinier feature, a satisfied customer will still walk.

Research from a PwC survey underscores this vulnerability: 70% of executives shared that customer expectations are changing faster than their organization can adapt, and 46% of executives also shared that their organization’s existing loyalty program will not be relevant in three years. It’s time to rethink how brands form bonds that last.

THE 4 PILLARS OF LIFE SHARE

To build true commercial resilience, you need to understand the intensity of your customer relationships. Instead of relying on backward-looking satisfaction surveys, evaluate your customer base across the four pillars of indexing life share—a framework that combines psychological and economic metrics to predict future behavior.

1. Relationship closeness: This is the emotional glue. Emotional attachment is a significantly stronger predictor of long-term loyalty than functional satisfaction. Assess how much of your customer’s identity or daily routine is intertwined with your brand. This isn’t a squooshy metric. According to Boston Consulting Group, brands failing to build trust with customers show 10% lower total shareholder value.

2. Wallet commitment: True loyalty shows up in the budget. Measure not just how much customers are currently spending with you, but their willingness to keep spending when macroeconomic conditions shift. Identify the specific tipping points—such as a competitor’s aggressive discount or a slight delay in your supply chain—that would entice your customers to move their money elsewhere.

3. Loss aversion: Behavioral economics demonstrates that the psychological pain of losing a benefit is twice as powerful as the joy of gaining one. Audit your customer experience to determine what friction your customers would face if they left. If switching to a competitor feels painless, your relationship is highly vulnerable. You want to build ecosystems—integrated software, tailored services, embedded workflows—where losing your service feels like a genuine operational or emotional loss.

4. Brand credibility: An emotional bond means nothing if you fail at basic execution. Credibility is your baseline ability to deliver on promises dependably and consistently. Regularly track your say-to-do ratio. Are your frontline teams and products backing up the promises made by your marketing campaigns?

THE BOTTOM LINE

Sustainable brand growth doesn’t come from treating your entire customer base as a monolith, nor from trying to make every buyer fall in love with you. It comes from radical clarity—knowing exactly where a customer relationship stands today and identifying where you have the commercial permission to take it next.

When you map your portfolio against these four pillars, you stop reacting to churn after it happens. You gain the foresight to see which customers are genuinely secure, and which ones are halfway out the door. By understanding the psychological underpinnings of your revenue, you protect your balance sheet, make smarter strategic bets, and secure your business’s future.

Andrew Graff is CEO of Allen & Gerritsen.

Andrew Graff

A massive Gatorade recall is affecting 37 states. Here’s what to look for

1 week 3 days ago

A new recall is coming for the hydration aisle. PepsiCo is pulling around 122,000 cases of Gatorade from the shelves. 

According to a U.S. Food and Drug Administration notice, PepsiCo is voluntarily recalling various Gatorade products across 37 US states due to undeclared Yellow No. 6 and Yellow No. 5 artificial food dyes. According to the notice, the recall initiated on Sept. 25, with the FDA classifying it as a class II recall on Oct. 2. 

The FDA classified a Class II recall as one which involves “a situation in which use of, or exposure to, a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote.”

Undeclared products with dyes like Yellow No. 6 and Yellow No. 5 may trigger allergic reactions like asthma symptoms or hives.

The food dye-related recall follows a nationwide effort to phase out artificial dyes as part of the Trump Administration’s Make America Healthy Again initiatives. Last year, dozens of companies, including PepsiCo, agreed to phase out the dyes by 2028. 

PepsiCo’s recent recall involves four different 28-ounce Gatorade products, including the Lemon Lime, Lemon Lime Zero, Orange, and Orange Zero flavors. 

The 37states with the affected product include Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington and Wisconsin.

According to the notice, no press release was posted alongside the recall. PepsiCo has not yet announced a refund process for affected customers.

María José Gutiérrez Chávez

The best time to book Thanksgiving flights is coming. Here’s the date to know

1 week 3 days ago

If you’re planning to fly for Thanksgiving but haven’t booked a ticket yet, you might actually be in luck.

Travelers could still have a few weeks before they hit the sweet spot for booking their Thanksgiving flights, according to new data from KAYAK. But wait too long, and those potential savings could disappear quickly. KAYAK’s 2026 Holiday Travel Check-In looked at historical airfare trends to determine when travelers are most likely to find cheaper flights for Thanksgiving and Christmas, as well as which destinations are getting cheaper this year.

The big takeaway for Thanksgiving travelers: You probably don’t need to panic-book a flight today, but you also shouldn’t wait until November.

When to book Thanksgiving flights

Historically, domestic Thanksgiving airfare hits its lowest point about five weeks before the holiday, according to KAYAK. That puts the potential sweet spot toward the end of October this year. After that, travelers could see prices start heading in the opposite direction, particularly as the holiday gets closer. KAYAK says fares have historically climbed sharply within two weeks of departure.

“Throughout 2026, airfare has largely followed the seasonal patterns we saw in 2025, just at a higher price point,” KAYAK CEO Peer Bueller said. “That makes history a useful guide, not a guarantee.”

When you fly can make an even bigger difference in how much you pay. Travelers willing to fly on Thanksgiving Day itself could save as much as 19% on domestic airfare compared with departing Nov. 20, which KAYAK identified as the most expensive day around the holiday to fly. The potential difference is even larger for international travelers. Flying on Thanksgiving could save travelers as much as 49% compared with leaving Nov. 20.

“Start tracking prices now and set a Price Alert so you are ready to book if fares fall,” KAYAK Travel Trends Expert Kayla DeLoache said. “Waiting a few weeks could save you money; waiting until the last minute probably won’t.” Christmas travelers can wait a little longer.

Christmas travelers have more time

KAYAK says Christmas fares have historically dipped between four and seven weeks before departure, putting the potential booking sweet spot between roughly mid-November and early December.

Traveling closer to Christmas could also pay off. Flying during Christmas week rather than the week before could save travelers as much as 18% on domestic airfare and 34% on international flights, according to KAYAK. Depending on where you’re headed, that could mean a substantial price difference. Don’t assume a round-trip ticket is cheapest.

While round-trip tickets are historically thought to be the cheapest, holiday travelers may also want to reconsider automatically booking a round-trip ticket. KAYAK found that combining two one-way tickets could reduce airfare by as much as 29% on domestic trips and 30% on international trips. That doesn’t mean two one-way tickets will always be cheaper. But it does mean holiday travelers may want to check both options before clicking “Buy.”

Some international destinations are getting cheaper

Travelers considering an international trip this holiday season could also find some surprising deals. While KAYAK says airfare overall has generally been running higher in 2026 than last year, some long-haul destinations are bucking the trend. Average airfare to Cusco, Peru, is down 20% compared with last year. Fares to Phuket, Thailand, are also down 16%, while airfare to Fiji has fallen 13%.

Canada is also emerging as a holiday hot spot. Searches for Québec City have jumped 73% year over year, while searches for Montréal are up 45%. Four of the five international destinations with the lowest average fares in KAYAK’s data are in Canada. Average airfare is $486 to Toronto, $516 to Vancouver, and $556 to Montréal.

For anyone still staring at an empty itinerary, however, the biggest takeaway from KAYAK’s data may be less about where to go than when to pull the trigger.

Emily Price

South Korea’s bank hacks offer a warning about AI-powered cyberattacks

1 week 3 days ago

Some of South Korea’s biggest banks have been hacked with the assistance of an artificial intelligence agent, opening up a new front in the AI and cybersecurity worlds.

Officials say at least seven financial firms were included in the attack, which saw personal information for 68,000 people stolen, including annual income and loan limits. This marks one of the first times AI tools have been used to disrupt global financial stalwarts.

It’s notable, since banks and other financial institutions typically have a higher level of security than other businesses or even some government agencies. Officials say they haven’t identified the people responsible for the attacks, which originated from over two dozen IP addresses spread out over several countries, including the U.S. and Japan. (Hackers frequently spoof their IP address to remain anonymous.)

South Korean officials are urging banks to boost their defenses. And the intrusions could serve as a warning shot for banks in the United States and other countries as well.

“AI gives attackers more opportunities to exploit gaps before defenders respond,” Yagub Rahimov, CEO of Polygraf AI, tells Fast Company. “My advice to bank leadership is to take a step back and invest in threat mapping. Trace the actual paths to sensitive data through employee activities, vendor connections, applications, APIs [application programming interfaces], and human and machine identities. They need to identify the systems that are reachable.”

The hackers apparently used Artex AI, an open-source agent developed in China, which ironically was designed as a cybersecurity tool that helped users find vulnerabilities in their networks. Artex has since updated its user guidelines to say the tool should not be used for malicious reasons.

AI-assisted hacking on the rise

While the attacks on the South Korean banks represent a new level, there has been a consistent uptick in AI-assisted hacking for some time now. A July report from the SANS Institute found that 78% of organizations saw either a confirmed or suspected AI-enabled attack in the past year.

The method of those attacks was evenly spread, though. Occurrences of phishing, deepfakes, and vulnerability exploitation were all virtually the same.

“AI tools are maturing, and so are the criminals using them—they moved from scaling phishing campaigns to autonomously probing defenses, chaining exploits, and adapting mid-attack,” Vakaris Noreika, cybersecurity expert at NordLayer Intelligence by NordStellar, tells Fast Company. “Going forward, we should expect attacks to grow in both scale and sophistication, which means defenses must keep pace with an AI-enabled threat landscape.”

The SANS Institute study showed a disparity between concern over possible AI-enhanced hacks and actual preparedness. Virtually every respondent—some 95%—said they believe threat actors are using AI today to enhance their attacks, with 58% saying they believe the use of AI is significant. Yet only 16% say they have shifted their priority to defend against such attacks.

Corrupting a tool

While Artex was designed to help protect users, the hackers’ use of this agent shows the range of possible threats that exist.

“The same capability that helps a security team investigate a weakness is also being used by an attacker to identify gaps for malicious purposes,” Rahimov says. “AI can connect tasks that previously required more manual work, making repeated attacks more economical—but even this can be turned around. Businesses should prepare for that capability to spread across tools and operators.”

Noreika warns that it’s not just smaller AI agent tools that can be corrupted, either. Most open-source AI models from a major lab possess the same advanced capabilities to hide malicious activity as security testing. That should put CEOs of banks and any other business on alert.

“The best way for companies to protect themselves is to adopt a hacker’s mindset—leveraging the very same AI tools to evaluate, stress-test, and strengthen their own security defenses,” Noreika says.

Chris Morris

Halloween has gotten so expensive, 1 in 5 shoppers plans to finance it

1 week 3 days ago

Halloween has gotten extra scary — scary expensive, that is. While this year, the candy and the cobwebs will be much the same as the years before, the prices have gotten a bit more chilling. 

According to a new survey of 1,500 U.S. consumers from the professional services network Deloitte, the average consumer will spend around $285 on the holiday that celebrates spookiness (while hoping not to get spooked at the register). $219 of that spending will be done on retail purchases, and around $66 will be used on experiences.

Most of the holiday shopping with me done in stores, with 67% saying they’ll shop in person and only 33% choosing to shop online. Households expect to spend the most at three distinct venues: mass merchants or big box stores, supermarkets or grocery stores, and at specialty Halloween stores. 

Whether the spending happens on costumes, decorations, or candy, it’s likely to add up. For more than a third, the numbers will come out to more spending than they did last year. 34% of those surveyed plan to spend more than they did in 2025, while only 11% say they plan to spend less. 

The extra spending doesn’t seem to be happening because the holiday actually feels affordable to consumers, however. Only 71% say they can comfortably afford the spending that is likely to come with their planned celebrations, while close to a third will struggle with the startling costs.

The findings follow previous research from the management consulting firm Bain & Company, released last month, which found that retail sales in November and December are expected to grow by 4.5% year-over-year, exceeding $1 trillion for the first time ever. More than half of the spending increase will come from inflation. 

That’s likely a culprit for why some consumers will have to finance their Halloween spending this year. One in five of those surveyed said they plan to use buy now, pay later, or other financing options to make sure their Halloween is as lit as their jack-o’-latern. 

Interestingly, many shoppers say they plan to use AI to help them make the most of their money this year. One in five consumers say they plan to use gen AI tools for recommendations and comparison shopping to help them make decisions about where to spend.

Of those who plan to get their Halloween shopping done early, the number is even higher, with 32% planning on using AI’s advice to bring the boo! to a town near you.

Sarah Bregel

Two-thirds of workers use DIY ‘hacks’ to make office life more bearable

1 week 3 days ago

In a world in which companies are forcing employees back into the office in a never-ending, post-pandemic RTO push, two-thirds of office workers are secretly “hacking” their workspaces to meet their needs.

According to an international survey released earlier this year by global design firm Gensler, a clear majority of workers use do-it-yourself fixes to maintain comfort and privacy and personalize their workspaces.  

The anonymous, panel-based survey included nearly 16,500 workers in 16 countries. It found that although the settings where people work have stabilized over the past three years—the average worker spends 55% of their time in the office and 26% in “coworking spaces, client/vendor sites, third places, or while traveling for business”—challenges remain.

A quarter of employees use workspace “hacking” to address ergonomic, temperature, privacy, and storage issues, the report found, with respondents reporting rearranging furniture, bringing in personal heaters and fans, and modifying air vents, among other makeshift solutions. Changes to optimize lighting (like adding extra reading lights) and reduce noise (like using headphones) were also common. 

In May, Gallup estimated that 22% of workers who are “remote-capable,” which includes most knowledge workers, are back on site full time, while 52% are in hybrid arrangements and 26% are exclusively remote. 

As of October 2026, about 58% of all full-time wage and salary workers in the U.S. are back on site, according to the Federal Reserve of St. Louis. 

[Graph: Gensler Global Workplace Survey]

More than 60% of respondents reported that limited meeting space led them to take calls from hallways or staircases, or cancel meetings altogether. Unassigned seating is another stressful in-office reality for nearly 20% of workers. The policy  was seen as effective by fewer than half of those surveyed.

The findings underscore a broader challenge for employers hoping to provide an attractive post-pandemic workplace: the small irritations workers once accepted as unavoidable parts of office life may feel harder to tolerate after years of full control over their working environments. If left unaddressed, complaints about seemingly trivial issues like how hot, cold or loud the office is  may lead employees to question what they are gaining by returning to the office.

To counter this, some companies are turning to new design strategies intended to make attendance more attractive. Some have adopted a “hospitality mindset” akin to that of hotels and resorts, reconfiguring layouts to better reflect how people move naturally and creating spaces where people can combine work with recharging and relaxing.

[Graph: Gensler Global Workplace Survey]

According to Gensler, workers are also more likely to view their workplace as an effective “learning” environment when they like the look and feel of the space, noise levels are manageable, and they have “access to up-to-date technology.”

“Spaces that support wellbeing, adaptability, and collaboration will help organizations attract, retain, and empower talent; strengthen teams as they adapt to and evolve in partnership with AI and other technological advances; and overall, empower organizations to be more connected and more innovative,” the report states.

The RTO push keeps accelerating. Last month, Fidelity ordered its 6,000 Boston-based staff back into the office five days a week after having been hybrid. TikTok also ordered its staff in Monday through Friday, starting last month.

Peter Saalfield

Retirement planning looks different for couples with one income. Follow these expert tips

1 week 3 days ago

For a lot of people, a one-size-fits-all retirement plan just doesn’t fit. Their family circumstances call for a more custom-made approach. That’s the case with couples who have one income. Christine Benz and Valentina Djeljosevic recently discussed the retirement planning needs of these couples, including emergency funding and Social Security filing decisions.

Valentina Djeljosevic: For couples who get to make this choice, to forgo having two earners, I’m sure they’re wondering, “Can we make it on one income?” But what might they be missing?

Christine Benz: They’re usually focused mainly on the household budget in the here and now, but I would recommend peering a bit into the future if you possibly can, and think about a couple of things. Take a look at how you are doing with respect to retirement funding, and how you will be able to contribute to your retirement fund on that single income. Also think about if the spouse who is going to step out of the workforce, if he or she wants to get back in later, that can sometimes be a challenge. Maybe they keep working part-time or on a contract basis to keep their skills fresh.

How single-earner couples can plan for retirement

Djeljosevic: How can these families make sure they don’t fall behind when it comes to retirement planning?

Benz: Make sure that you are continuing to fund the retirement plans at a very minimum, that you’re at least meeting any matching contributions in the 401(k) plan that are coming in through the employer. If you can make additional contributions and/or continue to fund IRAs, that’s even better. Another lever is that you can fund an IRA for the nonearning spouse, as long as the earning partner has enough earned income to cover it. That’s a really nice way for couples to continue to have retirement assets compound.

And then I also love the idea of using reverse budgeting in your household where you’re setting your savings targets, and then you are able to spend anything that’s left over. I think that’s a wonderful strategy for people with tight household budgets, as is often the case for people living on a single income.

Why single-income families need a year of emergency savings

Djeljosevic: I imagine that emergency funding has to be part of their planning. Why is it especially important for people who are on a single income?

Benz: If all of your family’s financial fortunes are riding on that one earner, you are more financially fragile. Think about setting aside a year’s worth of anticipated spending in liquid reserves. And then also look to what might be your next-line reserves, if you had exhausted that dedicated emergency fund but still needed to find cash flow somewhere.

So, if you have permanent life insurance, that often has a cash value attached to it. If you have a home and you have home equity built up, it might be worth lining up a home equity line of credit.

Where to invest emergency funds

Djeljosevic: What are some of those sources of liquid reserves?

Benz: Look at money market funds, anything that you could readily tap into. You don’t want it inside of your retirement accounts, where you’ll typically pay taxes and penalties if you need to crack into those accounts before retirement age. So, you need funds in a taxable brokerage account. The good news is that yields are up appreciably versus where they were a couple of years ago. The bad news is taxes; you’re taxed at ordinary income tax rates on the income from those liquid reserves. So, it’s going to take a bite out of the interest that you’re able to earn.

How single-income couples should approach Social Security

Djeljosevic: Can you talk about Social Security filing decisions for these single-income households?

Benz: The name of the game is to enlarge your benefits over both partners’ lifetimes. A common configuration for single-earner couples is that the main earner in the household is also a bit older. And it can often be advantageous for that partner to delay the filing date in order to enlarge the eventual benefit if you predecease your spouse, that the benefit that he or she takes on after your death will be larger. If you’re not conversant in the ins and outs of Social Security, get some help, but definitely approach your filing decisions as a couple.

This edited conversation was provided to The Associated Press by Morningstar. For more retirement content, go to https://www.morningstar.com/retirement.
Christine Benz is director of personal finance and retirement planning for Morningstar and co-host of The Long View podcast. Subscribe to her free newsletter, Improving Your Finances. Valentina Djeljosevic is senior editor of content development for Morningstar.

Related Links:

Retirement Planning for Real Life, With Christine Benz
https://www.morningstar.com/retirement/retirement-planning-real-life-with-christine-benz

Retirement Planning for Parents Raising a Child With a Disability
https://www.morningstar.com/retirement/retirement-planning-parents-raising-child-with-disability

How Late Starters Can Find Financial Independence
https://www.morningstar.com/podcasts/the-long-view/bill-yount-how-late-starters-can-find-financial-independence

Christine Benz and Valentina Djeljosevic of Morningstar

Associated Press

How Hark designed an AI assistant that’s actually helpful

1 week 3 days ago

With a chatbot interface and agentic capabilities, the new AI web application Hark Pro checks the main boxes of a mass market AI release in 2026. But unlike the tools that have already been released by the large tech companies and frontier AI labs, Hark Pro is rethinking the core premise behind the AI assistant. While many of the “everyday AI” chatbots that have rolled out over the last month focus primarily on fielding queries and using AI to follow directed tasks, Hark Pro is using its AI to understand the tasks and needs of each user, and proactively finding ways to help.

Hark, the startup behind Hark Pro, calls it an “operating system for your life.” Now available in a limited-use free version or more usage with paid subscriptions starting at $20 a month, Hark Pro is like a computer using a computer to organize information, find answers, and handle tasks. With access to a user’s email, calendar, and other online accounts, the app can do common tasks like ordering lunch, paying bills, and planning trips.

It can also do more proactive things like identifying meeting conflicts in your calendar and rescheduling around them, or making an appointment at a new dentist that takes your insurance, or notifying you that the car you rented for an upcoming trip is at the wrong airport—and then offering to fix it.

[Image: Hark]

Hark was founded by Brett Adcock, who previously founded the EVTOL startup Archer Aviation and the humanoid robotics company Figure. Since Hark’s launch in late 2025, the company has raised $700 million in Series A funding and gone on a hiring spree that’s brought in engineering, AI, and design talent from companies like Apple and Tesla.

In a keynote video announcing Hark Pro’s launch, Adcock calls Hark Pro a personal intelligence tool, and the first release of what he plans to be a dramatic reimagining of the personal computer for the age of AI. “Eventually I want Hark to handle all things I do on a computer, fully end-to-end, so that I never have to use a computer again, at least not a computer as we know it,” he says.

[Image: Hark] A customizable interface

Testing out the beta version of Hark Pro ahead of its launch, the tool appears to follow the familiar chatbot formula, with a text query box and a running log of queries and responses. But instead of just a simple ask-and-answer interface, Hark Pro appears in its web app (also on iOS and Android) as more of a control panel, with a sidebar of individual widgets that hold custom-designed apps, trackers, and reminders that you can connect to any services you use.

Abidur Chowdhury, head of design at Hark and the former design lead for Apple’s iPhone Air, calls it a homepage, and it’s designed to be easily customizable while also prioritizing the main tasks or problems it can help solve on any given day. Action items appear at the top of this homepage, each with automatically rendered action buttons that can pay the bill, make the appointment, or approve the expense report. Chowdhury says Hark has tried to design this interface to avoid some of the clunkier elements of other AI platforms.

“We really didn’t want to have this clogged sidebar with a bunch of the different chats that you’ve had,” he says.

Hark Pro keeps everything in one main chain, like a long back-and-forth text message, but it also has the option to break away for specific tasks. In a tab called Projects, the tool can be used to focus in on a longer-term project, like planning for an event, developing a new business idea, or toying with a home redesign.

Another important element of the platform is that it shows the work it’s doing. Much of Hark Pro’s prowess comes from navigating the internet and performing tasks via its own computer called Handoff, which sounds fairly banal until you realize the app has control of your email and your credit card number. When Hark Pro is performing a task on a user’s behalf, a small screen displays in the chat log that shows its internal computer navigating through whatever website it’s using.

“We think there’s a huge trust-building that you get where you see, okay, it’s navigating the right way, it’s fast, it’s doing its thing,” Chowdhury says.

Building trust also influenced some of the aesthetic choices behind Hark Pro’s design. The biggest is the app’s sky-like background. Designed to mimic the time of day for each user, the background goes from a soft blue at midday to an amber glow at sunset to a gradient of indigo at nightfall, all subtly accented with slowly moving wisps of cloud. “This is actually going to be different for every single person using the product. It’s how we wanted to represent that this platform is completely personal to you,” Chowdhury says.

[Image: Hark] Using Hark Pro

Hark Pro’s use cases vary widely. Depending on the amount of online services a user frequents, it can prompt regular orders at coffee shops or lunch spots, auto-update a calendar with a child’s music recitals or sports practices, notify when an often-streamed band is coming to town, or offer hotel suggestions and car service reservations for a work trip. The power behind these capabilities is the tool’s deep access to a user’s online life and record, functioning almost like memory. It can know which restaurants you’re most likely to want to visit, the typical price range of your hotel rooms on a work trip, or how your aging pet’s veterinary needs may be evolving. The system uses what it can find to essentially know you and looks for ways it can help you.

“My favorite examples are when it takes something off your plate that you actually don’t want to deal with,” says Chowdhury, who recently used Hark Pro to renew the registration on his car. “It was actually a suggestion.”

After using Hark Pro briefly, this kind of suggestion seems to be one of its most powerful features. Looking through my email, Hark Pro noticed my own car was due for an oil change and offered to book an appointment before an upcoming trip. Aside from entering one piece of identifying information, Hark Pro went through the entire booking process, leaving just the selection of an appointment slot up to me. The whole process took less than five minutes, but only about 15 seconds of active time on my part.

[Image: Hark] Hark’s vision for the future of computers

Hark Pro’s release comes on the heels of a few other significant AI assistant launches in recent weeks, including Meta’s Muse (and its associated Tamagotchi-like charm device) and OpenAI’s Dots. There is clearly some shared DNA when it comes to the capabilities of these tools and how they are becoming an intermediary between people and the websites and web services people used to have to directly access, surfing over on the World Wide Web. How well Hark’s app competes with these even better-funded companies remains to be seen.

Its ambitions are not just to compete, but to change the game. “Our goal as a company, to compare it to history, is to build the graphical user interface, the mouse, and the computer for this new era,” Chowdhury says.

The company plans on releasing its first hardware device in 2027. Chowdhury hopes it will change the relationship between people and computers.

“The first product that we’re building is a product that no one has ever seen before,” he says. “It’s a completely new form factor, a new product, a new way of interacting.”

Hark Pro is intended to be the first step on that path.

Nate Berg

NBA announces it’s using smart basketballs and wearable tech in preseason games

1 week 3 days ago

The NBA is experimenting with two pieces of technology in the leadup to the season, the league announced Monday.

Select exhibition games will include a smart basketball that has a Bluetooth sensor in it and can collect data for future use in real-time officiating decisions. The league said the information from the Wilson-developed connected balls will be for research only and not affect calls made during those games.

Officials in select games will also use wrist wearables to communicate with the replay center in designated situations, including replay reviews, scoring changes and clock malfunctions.

The wearables went through what the NBA called a successful pilot program during the summer league. The technology will not extend into the regular season.

—Associated Press

Associated Press

Starbucks hit with a class-action lawsuit over its ‘sugar free’ protein drinks

1 week 3 days ago

Starbucks is facing a consumer lawsuit over claims that the protein drinks labeled “sugar-free” on its cafe menus may actually contain more sugar than a Reese’s peanut butter cup.

The federal lawsuit filed late Friday in Seattle alleges that eight protein beverages Starbucks sells in the U.S. contain varying amounts of sugar even though the company lists them as sugarless.

On Monday, the menu on Starbucks’ U.S. website listed a 16-ounce (0.5-liter) Sugar-Free Caramel Protein Matcha with 16 grams of sugar and a 20-ounce (0.6-liter) version of the same drink with 21 grams of sugar. By comparison, one Reese’s cup has 11 grams of sugar.

Hagens Berman, a law firm that specializes in class action cases, filed the suit on behalf of three individual consumers who bought Starbucks’ sugar-free protein drinks in California, New York and Washington.

“Consumers avoid sugar for various reasons, whether that be general health, diabetes and blood glucose levels or other factors, and for many, a staunch mislabeling like this is significant,” said Steve Berman, a co-founder and managing partner of the Seattle-headquartered firm.

The plaintiffs contend that Starbucks’ naming and marketing of sugar-free products is “false, deceptive and unlawful” and that the company violated federal labeling regulations.

Seattle-based Starbucks said the sugar in its protein drinks comes from the protein-boosted milk it uses. The company said it doesn’t add sugar to the drinks and it uses sugar-free syrup for flavoring.

On Starbucks’ website Monday, the drinks were marketed as “sugar-free,” but the company also clearly stated the amount of sugar in each beverage and that they were made without added sugar.

“We believe these claims have no merit,” a Starbucks spokesperson said Monday. “Starbucks has consistently and clearly provided information about its protein beverages, sugar-free options, customization choices and nutritional content across product announcements, menus, marketing materials, Starbucks.com and the Starbucks app, and we intend to vigorously defend ourselves in this matter.”
Starbucks introduced its protein drinks in September 2025 to meet consumer demand for functional beverages and catch up to rivals like Dutch Bros, which launched protein-enhanced coffee drinks in 2024.

Dutch Bros also offers a lower-sugar version of its caramel-flavored Hopscotch Protein Latte, but it’s advertised as the Hopscotch Zero Sugar Added Protein Latte. The 16-ounce (0.5-liter) iced version has 7 grams of sugar and 11 grams of protein. By comparison, a 16-ounce (0.5-liter) iced Starbucks Sugar-Free Caramel Protein Latte has 9 grams of sugar and 29 grams of protein.

The lawsuit seeks damages on behalf of U.S. consumers who bought the drinks. It also wants the court to order Starbucks to stop using the label “sugar-free” on products that contain sugar.

—Dee-Ann Durbin, AP Business Writer

Associated Press

Warren Buffett says successful people get these 3 life decisions right

1 week 3 days ago

Warren Buffett is incredibly wise—much wiser than I am. But beyond his impressive expertise in investments over the decades, the down-to-earth wisdom he shares publicly is not really that earth-shattering.

The reason is that Warren Buffett is saying it. He’s explaining, in the plainest terms, things our eighth-grade teacher might have told us, but because it’s coming from Buffett, it makes all the difference and millions listen.

Now 96, Buffett, who passed the CEO baton to Greg Abel but continues as chairman of Berkshire Hathaway, will always be remembered for useful advice that really hits home.

Here are three Buffett tips to help you go from dreaming to doing.

1. Don’t gamble what you have just to get something you don’t really need

Buffett once told grads at the University of Florida that he’s seen both businesses and people risk a lot—mostly out of greed—when they probably shouldn’t have.

Buffett said, “If you risk something that is important to you for something that is unimportant to you, it just doesn’t make sense. I don’t care if the odds you succeed are 99 to 1 or 1,000 to 1.”

2. Build connections with honest and ethical folks

He also encouraged the students to think of a classmate they believe has long-term potential, someone they’d want to receive 10 percent of their earnings for life.

“You would probably pick the one you responded the best to, the one who has the leadership qualities, the one who is able to get other people to carry out their interests,” said Buffett. “That would be the person who is generous, honest, and who gave credit to other people for their own ideas.”

3. Your life’s success can be summed up in one word: love

In the biography The Snowball: Warren Buffett and the Business of Life, Buffett explains that the highest measure of success in life comes from how many of the people you want to love you actually do love you.

Buffett points out that although some individuals die wealthy and have buildings named after them, “the truth is that nobody in the world loves them.” Ultimately, the true measure of how you’ve lived your life is based on love. “The more you give love away, the more you get,” said Buffett.

These three principles may sound simple, but living them consistently requires intention and discipline. And perhaps that’s Buffett’s larger lesson: A successful life isn’t built on knowing more. It’s built on making better choices about what—and who—matters most.

—Marcel Schwantes

This article originally appeared on Fast Company’s sister website, Inc.com. 

Inc. is the voice of the American entrepreneur. We inspire, inform, and document the most fascinating people in business: the risk-takers, the innovators, and the ultra-driven go-getters that represent the most dynamic force in the American economy.

Inc.

SpaceX stock is on the rise again: What’s behind the rocket and AI company’s October rally?

1 week 3 days ago

Shares of SpaceX (Nasdaq: SPCX) are having a good October so far, reaching highs not seen since June, when Elon Musk’s space and AI company made its debut on the Nasdaq.

The stock rose over 18% in the last week, closing Monday at $171.09—higher than its IPO day close of $160.95 for the first time in three months. 

Overall, SpaceX hasn’t had the most successful time on the market, so why the sudden turnaround? 

It comes down to a few things. For starters, last week was promising for SpaceX, with the company launching multiple successful missions.

It was responsible for a crewed NASA mission to the International Space Station (ISS) and launching Google’s homegrown Tensor processing units into space, where the chips will orbit Earth in a capabilities test. 

Morgan Stanley’s vote of confidence

The next boost for SpaceX came on Sunday, courtesy of Morgan Stanley analyst Adam Jonas.

In a note about SpaceX’s stock, Jonas encouraged investors to take advantage of lower SpaceX share prices before the company reaches a few upcoming milestones, Yahoo Finance reports. 

Jonas explained: “We believe future AI product releases, Starship progress, and additional neocloud contracts showing continued pricing around $30-50/watt are all upside-skewed catalysts that can push the stock closer to our $300/share price target.” 

Musk-Trump relationship appears to be cooling off

On Monday, shares of SpaceX closed 7.63% up, growing by over 1.2% more during premarket trading on Tuesday. 

Notably, SpaceX CEO Elon Musk also seems to be back on better terms with his—for lack of a better word—frenemy, President Trump.

Last Wednesday, Musk was appointed a co-lead of Project Meridian, the government’s new initiative to understand the “future of warfare.” 

Then, on Sunday, Musk backed up Trump’s recent statement that super intelligence, or SI, sounds better than artificial intelligence. He told a commenter on X that SpaceXAI would be changing to SpaceXSI.

Sarah Fielding

Why America can’t build the iPhone

1 week 3 days ago

For six decades, I’ve worked on product design and manufacturing for companies such as Polaroid, Seiko, and Apple, as well as startups. When I worked at Polaroid and Apple, they still had their own factories and chose to go to Asia to build products. As noted in Patrick McGee’s bestseller Apple in China, I was responsible for bringing Apple’s first product to Taiwan in 1994. As a product design engineer and program manager, I was always involved in where my products were manufactured, because of the impact manufacturing has on a product’s success.

In my jobs at Polaroid and Apple, I turned to Asia for different reasons. I brought manufacturing to Asia for Polaroid in the 1970s, when it was rarely done. By the time I did it at Apple in the 1990s, Apple was late to the game.

Today, as pressure mounts for Apple to build iPhones in the U.S., I know from all my experiences that it is an impossible demand. We don’t have the attitude, the infrastructure, or the resources. We lost that battle decades ago, and cannot will it back.

The U.S. never invested in building consumer tech manufacturing at the scale of China or Taiwan. We prioritized R&D, design, and innovation, and didn’t value low-margin manufacturing work. During the Cold War, U.S. government investment and incentives were directed toward aerospace and defense, not consumer electronics. Our manufacturing base became dominated by contractors focused on military specifications, not consumer mass production.

Manufacturing consumer electronic products, in contrast, requires an infrastructure of suppliers, competitive labor costs, large workforces, and flexibility. Resources in China and Taiwan have allowed many U.S. companies to dominate the world in technology. While China became the manufacturer to the world, it helped us become the innovators to the world.

Going offshore: the early days

When I joined Polaroid in 1966, I designed consumer cameras that sold millions per year. Once the design was done, we’d hand it off to our internal manufacturing group, only to have them come back to us months later with requests for small design tweaks to save a few cents here and there.

It was a slow, iterative process with little concern for time to market. I often wondered why I was working so hard to meet an aggressive design schedule and then had to wait around for the product to finally ship. Analysts and industry leaders emphasized the importance of time to market as a critical factor for a product’s success, especially in competitive and fast-evolving markets.

I wondered why we couldn’t be as creative in the rest of the process as we were in the design stages. So, I began to look for ways to get products to market more quickly.

Outsourcing manufacturing to companies building similar products seemed like a good approach. They already had the experience and knowledge, so they could move quickly. That allowed the manufacturing and design teams to collaborate earlier in the process.

It wasn’t that I didn’t try to do manufacturing in the United States. I reached out to companies with manufacturing capabilities that looked to be synergistic, but it often took weeks to hear back. Many of the companies were focused on defense-related products and showed little interest in building consumer tech products with tighter schedules and lower margins.

I wondered why this was the case. Could it be that these U.S. resources were focused on the defense industry during the Cold War and never invested in consumer manufacturing? Or perhaps the defense business was just more lucrative. It was disappointing, but, fortunately, I found another solution.

At Polaroid, I turned to a few companies in Japan that had been supplying some of our components and wanted a chance to build the entire product. They offered to take our design early in the process, improve it for manufacturing, and deliver the product in high volume much more quickly than we could on our own. We were being offered the opportunity to tap into their product expertise and quality-obsessed manufacturing that Japanese companies were known for, and to learn from them in the process.

It turned out that these companies were so good that we could almost drop off a drawing package and pick up the product months later. They brought speed, experience, and predictability, and enabled us to be much more effective designers with smaller teams. Every time I’d return from a visit to Japan, I’d feel a sense of accomplishment and excitement. It was like night and day compared with using our internal manufacturing organization.

This pattern repeated itself over the next few decades as I worked at other companies. When Japan became too costly and less efficient, I went to Taiwan and later China, as each of these countries developed their manufacturing capabilities.

The U.S. could have created similar capacity over the years, especially after the Cold War, but never did. Manufacturing was just never considered an important need. It was not glamorous and never considered to be strategic.

In the 1990s, when a company I cofounded, ThinkOutside, invented the Stowaway folding keyboard, we found a Taiwan keyboard company that was experienced with manufacturing tiny key mechanisms, and partnered with them. Like many other companies working to get products to market quickly, we were doing what we did best and letting others do what they did best.

At this time, there were a few contract manufacturers in the U.S., including Solectron and Flextronics, that could manufacture others’ products in their plants in the U.S. and elsewhere in the world. They started with printed circuit boards and had expanded into complete product manufacturing; they also had some design capabilities.

This evolution mirrored the tech industry’s growing reliance on outsourced manufacturing, driven by cost, scale, and time-to-market pressures. But I found that the U.S.-based options were bureaucratic lumbering giants, reminding me of my Polaroid manufacturing experiences. They wanted only to take on large-volume projects from well-established companies, and rarely took the kind of risks that Asian companies did.

Asia becomes the world’s manufacturer

Meanwhile, Taiwan and China were becoming destinations for companies to build technically complex products because they were so good at it. They were aided by huge government investments in office parks, infrastructure, and free-trade zones.

Taiwan quickly moved from building calculators in the 1970s to notebook computers in the 1980s. James Fallows chronicled the rise of China in his famous three-part 2007 article in The Atlantic, “China Makes, The World Takes,” as China became the manufacturer for the world.

Scores of Chinese companies became available to manufacture a customer’s original design. They were known as original equipment manufacturers, or OEMs. If they offered their own designs that a customer could sell under its name, they were called original design manufacturers, or ODMs.

It was a win-win partnership. We used China to build our products, and they relied on us keep their factories running by marketing and selling products they designed.

Companies often specialized in specific product categories. If you wanted to build a particular type of product, you’d go to a company that was already building something similar. You tapped into their expertise, supplier relationships, and buying power, and everyone would benefit from the economies of scale and relevant experience.

While some first-time customers worried about two competing products being made by the same OEM, each company’s areas were usually secured from the other. When I worked on the Barnes & Noble Nook e-reader, we used Foxconn, the same manufacturer that built the Amazon Kindle. That allowed us to go from an initial concept to market in less than a year.

Product designers large and small now had a destination where they could bring their product designs and get them manufactured quickly and efficiently. You no longer needed to be a Sony to have access to manufacturers. Chinese factories enabled thousands of companies across the United States and the world to turn their ideas into viable products.

As these OEMs and ODMs grew in number, component manufacturers and other suppliers opened their own factories nearby, close to the facilities using their parts, providing even greater efficiency and faster time to market.

As an example of how effective this was, I was about to ship the initial lot of a new consumer electronic product to the U.S. from Shenzhen, the Chinese technology hub adjacent to Hong Kong, and it was to arrive just before going on sale. At the last moment, I found an error in the instruction manual that needed to be fixed before the product could ship. We called the printer, which was a few blocks away. It made the correction, and delivered correctly printed manuals two hours later.

During this time, we never considered that we were taking jobs from Americans. Nothing like this ever existed in the U.S.—not the industry, the factories, nor the workers. What China offered was unique.

Apple was late to the game

When I joined Apple in 1994 to work on the Newton MessagePad personal digital assistant, the company was manufacturing most of its computers in its own factories in California, Colorado, Ireland, and Singapore, even though other computer companies had been outsourcing most of their notebooks to Taiwan for years.

The first version of Newton, the MessagePad 100, was developed with Sharp Electronics in Japan because of that company’s expertise in building handheld products such as its Wizard organizer. But its cost came in way above plan, and I was asked to quickly develop a new model at a more affordable cost.

Apple’s internal manufacturing organization had neither the interest nor experience to master products like the Newton. Its leaders considered our product to be a nuisance and encouraged us to find our own manufacturer.

Taiwan was the obvious answer. After all, that’s where Sharp was now building its second-generation Wizards, and where most of the world’s calculators and notebook computers were being built, other than Apple’s. The new Newton MessagePad 110 was the first time Apple developed a product to be manufactured in Taiwan.

I flew to Taipei and spent two weeks visiting potential manufacturers, mostly notebook and calculator manufacturers. We selected Inventec, a $320 million manufacturer at the time. It was busy producing calculators for Texas Instruments, phones and fax machines for telecom companies, and notebook computers for Compaq and Zenith.

But we ran into an immediate challenge. Inventec would need an $800,000 machine to assemble the processor chip powering the Newton, machinery not yet used in Taiwan. The company’s CEO, Richard Lee, insisted on buying it at Inventec’s expense. He never considered it a burden, explaining it would give them new capabilities.

Inventec assigned a group that began working with our Apple design team. We began with a handshake deal while Lee suggested we negotiate a contract in parallel. We all knew drawing up contracts could take many months, particularly at Apple, and he didn’t want to lose that time.

Our joint team of about a half-dozen engineers met monthly in Taipei. The industrial designer on the team, Jony Ive, had recently joined Apple. This would be one of his first projects, and his first time he’d been to Taiwan. (I later learned that he complained to his boss about how hard I made him work.)

The product was completed in eight months and went on to fail almost as badly as the first model. Sales volumes were about 10% of plan. A few months later when I apologized to Lee, he told me not be concerned. He was happy to be working with Apple and considered this to be a win. He was thinking of the long term, and was proud of the Apple relationship. I was embarrassed.

Inventec went on to develop and build notebook computers, servers, and a range of other products for most of the world’s technology companies, including Apple. Its revenues for 2025 were $22 billion.

How design impacts manufacturing

The Newton was constructed like most other consumer tech products at the time. It consisted of a molded plastic clamshell enclosure, a large printed circuit board populated with electrical components, a pressure sensitive touch screen, a stylus, and a battery compartment that held four AA cells. Ive’s design contribution was creating a beautiful fluid-looking package that made the product look smaller than it was. It was nicely done, but its fit and finish were not dissimilar from other products being produced at the time, such as Nokia phones. 

Years later, when Ive became Apple’s senior VP of industrial design, he elevated its design to a level never seen in consumer products. I recall seeing the first iPhone and marveling at how precisely the parts fit together, the flawless finishes of the parts, and the use of new materials never employed at mass scale.  His designs set a new standard for all consumer tech products. Other products suddenly seemed crude by comparison.

Apple’s design and manufacturing engineers were responsible for putting these new designs into mass production. It certainly could not be done in the U.S., which didn’t even have the ability to build much simpler products. The new design standards with the ultraprecise fit and finish meant that the products needed to be built China.

When I hear politicians demanding that iPhones be built in the U.S., it’s clear they have no understanding of how products are created and built. You can’t just wish it to happen. You would need to create much of what China and Taiwan have built over the past 30 years.

It’s not just setting up factory buildings filled with assembly machinery and workers. You would need the entire infrastructure of suppliers and manufacturers of the parts that go into the products: the factories to build displays, batteries, and electronic components. You’d require the experience, and the right attitude.

Shipping the components from China and doing final assembly in the U.S. would also cause huge issues. Let’s suppose you bring displays in from China, and they have a defect. If you were building the product in Shenzhen, you’d call the display company that’s an hour away and they would have engineers in your factory in a few hours to address the problem or provide new parts. Try that from the United States, and you would likely shut down your assembly line for several weeks.

Now consider what would happen once you multiply this by the thousands of parts and processes that go into a product. Not only is it inefficient, it’s also just not practical to build these products here. It makes as much sense as building an automobile in the Arctic from parts made in Detroit.

The Mac Mini isn’t an iPhone

With all this said, Apple, under pressure to bring products back to the U.S., has agreed to build Mac minis in Houston. They have asked Foxconn, the same company that has built, staffed, and managed much of Apple’s China manufacturing, to create and operate the assembly operation.

The Mac mini is a much simpler and lower volume product than the iPhone. Essentially, it’s a printed circuit board assembly housed in an aluminum box. But it will still require many of its components to be shipped from China. Politically, it may be a good move, but practically, it means very little.

It will be interesting to see if Apple’s new CEO, John Ternus, makes any fundamental changes to Tim Cook’s manufacturing strategy. As a product designer, I’m guessing that Ternus—who is also a product designer—wants to get his new products to market in the fastest and most efficient way possible and will continue to rely on Asia. That approach has helped make so many of his past products huge successes.

Phil Baker

Why America can’t build the iPhone

1 week 3 days ago

For six decades, I’ve worked on product design and manufacturing for companies such as Polaroid, Seiko, and Apple, as well as startups. When I worked at Polaroid and Apple, they still had their own factories and chose to go to Asia to build products. As noted in Patrick McGee’s bestseller Apple in China, I was responsible for bringing Apple’s first product to Taiwan in 1994. As a product design engineer and program manager, I was always involved in where my products were manufactured, because of the impact manufacturing has on a product’s success.

In my jobs at Polaroid and Apple, I turned to Asia for different reasons. I brought manufacturing to Asia for Polaroid in the 1970s, when it was rarely done. By the time I did it at Apple in the 1990s, Apple was late to the game.

Today, as pressure mounts for Apple to build iPhones in the U.S., I know from all my experiences that it is an impossible demand. We don’t have the attitude, the infrastructure, or the resources. We lost that battle decades ago, and cannot will it back.

The U.S. never invested in building consumer tech manufacturing at the scale of China or Taiwan. We prioritized R&D, design, and innovation, and didn’t value low-margin manufacturing work. During the Cold War, U.S. government investment and incentives were directed toward aerospace and defense, not consumer electronics. Our manufacturing base became dominated by contractors focused on military specifications, not consumer mass production.

Manufacturing consumer electronic products, in contrast, requires an infrastructure of suppliers, competitive labor costs, large workforces, and flexibility. Resources in China and Taiwan have allowed many U.S. companies to dominate the world in technology. While China became the manufacturer to the world, it helped us become the innovators to the world.

Going offshore: the early days

When I joined Polaroid in 1966, I designed consumer cameras that sold millions per year. Once the design was done, we’d hand it off to our internal manufacturing group, only to have them come back to us months later with requests for small design tweaks to save a few cents here and there.

It was a slow, iterative process with little concern for time to market. I often wondered why I was working so hard to meet an aggressive design schedule and then had to wait around for the product to finally ship. Analysts and industry leaders emphasized the importance of time to market as a critical factor for a product’s success, especially in competitive and fast-evolving markets.

I wondered why we couldn’t be as creative in the rest of the process as we were in the design stages. So, I began to look for ways to get products to market more quickly.

Outsourcing manufacturing to companies building similar products seemed like a good approach. They already had the experience and knowledge, so they could move quickly. That allowed the manufacturing and design teams to collaborate earlier in the process.

It wasn’t that I didn’t try to do manufacturing in the United States. I reached out to companies with manufacturing capabilities that looked to be synergistic, but it often took weeks to hear back. Many of the companies were focused on defense-related products and showed little interest in building consumer tech products with tighter schedules and lower margins.

I wondered why this was the case. Could it be that these U.S. resources were focused on the defense industry during the Cold War and never invested in consumer manufacturing? Or perhaps the defense business was just more lucrative. It was disappointing, but, fortunately, I found another solution.

At Polaroid, I turned to a few companies in Japan that had been supplying some of our components and wanted a chance to build the entire product. They offered to take our design early in the process, improve it for manufacturing, and deliver the product in high volume much more quickly than we could on our own. We were being offered the opportunity to tap into their product expertise and quality-obsessed manufacturing that Japanese companies were known for, and to learn from them in the process.

It turned out that these companies were so good that we could almost drop off a drawing package and pick up the product months later. They brought speed, experience, and predictability, and enabled us to be much more effective designers with smaller teams. Every time I’d return from a visit to Japan, I’d feel a sense of accomplishment and excitement. It was like night and day compared with using our internal manufacturing organization.

This pattern repeated itself over the next few decades as I worked at other companies. When Japan became too costly and less efficient, I went to Taiwan and later China, as each of these countries developed their manufacturing capabilities.

The U.S. could have created similar capacity over the years, especially after the Cold War, but never did. Manufacturing was just never considered an important need. It was not glamorous and never considered to be strategic.

In the 1990s, when a company I cofounded, ThinkOutside, invented the Stowaway folding keyboard, we found a Taiwan keyboard company that was experienced with manufacturing tiny key mechanisms, and partnered with them. Like many other companies working to get products to market quickly, we were doing what we did best and letting others do what they did best.

At this time, there were a few contract manufacturers in the U.S., including Solectron and Flextronics, that could manufacture others’ products in their plants in the U.S. and elsewhere in the world. They started with printed circuit boards and had expanded into complete product manufacturing; they also had some design capabilities.

This evolution mirrored the tech industry’s growing reliance on outsourced manufacturing, driven by cost, scale, and time-to-market pressures. But I found that the U.S.-based options were bureaucratic lumbering giants, reminding me of my Polaroid manufacturing experiences. They wanted only to take on large-volume projects from well-established companies, and rarely took the kind of risks that Asian companies did.

Asia becomes the world’s manufacturer

Meanwhile, Taiwan and China were becoming destinations for companies to build technically complex products because they were so good at it. They were aided by huge government investments in office parks, infrastructure, and free-trade zones.

Taiwan quickly moved from building calculators in the 1970s to notebook computers in the 1980s. James Fallows chronicled the rise of China in his famous three-part 2007 article in The Atlantic, “China Makes, The World Takes,” as China became the manufacturer for the world.

Scores of Chinese companies became available to manufacture a customer’s original design. They were known as original equipment manufacturers, or OEMs. If they offered their own designs that a customer could sell under its name, they were called original design manufacturers, or ODMs.

It was a win-win partnership. We used China to build our products, and they relied on us keep their factories running by marketing and selling products they designed.

Companies often specialized in specific product categories. If you wanted to build a particular type of product, you’d go to a company that was already building something similar. You tapped into their expertise, supplier relationships, and buying power, and everyone would benefit from the economies of scale and relevant experience.

While some first-time customers worried about two competing products being made by the same OEM, each company’s areas were usually secured from the other. When I worked on the Barnes & Noble Nook e-reader, we used Foxconn, the same manufacturer that built the Amazon Kindle. That allowed us to go from an initial concept to market in less than a year.

Product designers large and small now had a destination where they could bring their product designs and get them manufactured quickly and efficiently. You no longer needed to be a Sony to have access to manufacturers. Chinese factories enabled thousands of companies across the United States and the world to turn their ideas into viable products.

As these OEMs and ODMs grew in number, component manufacturers and other suppliers opened their own factories nearby, close to the facilities using their parts, providing even greater efficiency and faster time to market.

As an example of how effective this was, I was about to ship the initial lot of a new consumer electronic product to the U.S. from Shenzhen, the Chinese technology hub adjacent to Hong Kong, and it was to arrive just before going on sale. At the last moment, I found an error in the instruction manual that needed to be fixed before the product could ship. We called the printer, which was a few blocks away. It made the correction, and delivered correctly printed manuals two hours later.

During this time, we never considered that we were taking jobs from Americans. Nothing like this ever existed in the U.S.—not the industry, the factories, nor the workers. What China offered was unique.

Apple was late to the game

When I joined Apple in 1994 to work on the Newton MessagePad personal digital assistant, the company was manufacturing most of its computers in its own factories in California, Colorado, Ireland, and Singapore, even though other computer companies had been outsourcing most of their notebooks to Taiwan for years.

The first version of Newton, the MessagePad 100, was developed with Sharp Electronics in Japan because of that company’s expertise in building handheld products such as its Wizard organizer. But its cost came in way above plan, and I was asked to quickly develop a new model at a more affordable cost.

Apple’s internal manufacturing organization had neither the interest nor experience to master products like the Newton. Its leaders considered our product to be a nuisance and encouraged us to find our own manufacturer.

Taiwan was the obvious answer. After all, that’s where Sharp was now building its second-generation Wizards, and where most of the world’s calculators and notebook computers were being built, other than Apple’s. The new Newton MessagePad 110 was the first time Apple developed a product to be manufactured in Taiwan.

I flew to Taipei and spent two weeks visiting potential manufacturers, mostly notebook and calculator manufacturers. We selected Inventec, a $320 million manufacturer at the time. It was busy producing calculators for Texas Instruments, phones and fax machines for telecom companies, and notebook computers for Compaq and Zenith.

But we ran into an immediate challenge. Inventec would need an $800,000 machine to assemble the processor chip powering the Newton, machinery not yet used in Taiwan. The company’s CEO, Richard Lee, insisted on buying it at Inventec’s expense. He never considered it a burden, explaining it would give them new capabilities.

Inventec assigned a group that began working with our Apple design team. We began with a handshake deal while Lee suggested we negotiate a contract in parallel. We all knew drawing up contracts could take many months, particularly at Apple, and he didn’t want to lose that time.

Our joint team of about a half-dozen engineers met monthly in Taipei. The industrial designer on the team, Jony Ive, had recently joined Apple. This would be one of his first projects, and his first time he’d been to Taiwan. (I later learned that he complained to his boss about how hard I made him work.)

The product was completed in eight months and went on to fail almost as badly as the first model. Sales volumes were about 10% of plan. A few months later when I apologized to Lee, he told me not be concerned. He was happy to be working with Apple and considered this to be a win. He was thinking of the long term, and was proud of the Apple relationship. I was embarrassed.

Inventec went on to develop and build notebook computers, servers, and a range of other products for most of the world’s technology companies, including Apple. Its revenues for 2025 were $22 billion.

How design impacts manufacturing

The Newton was constructed like most other consumer tech products at the time. It consisted of a molded plastic clamshell enclosure, a large printed circuit board populated with electrical components, a pressure sensitive touch screen, a stylus, and a battery compartment that held four AA cells. Ive’s design contribution was creating a beautiful fluid-looking package that made the product look smaller than it was. It was nicely done, but its fit and finish were not dissimilar from other products being produced at the time, such as Nokia phones. 

Years later, when Ive became Apple’s senior VP of industrial design, he elevated its design to a level never seen in consumer products. I recall seeing the first iPhone and marveling at how precisely the parts fit together, the flawless finishes of the parts, and the use of new materials never employed at mass scale.  His designs set a new standard for all consumer tech products. Other products suddenly seemed crude by comparison.

Apple’s design and manufacturing engineers were responsible for putting these new designs into mass production. It certainly could not be done in the U.S., which didn’t even have the ability to build much simpler products. The new design standards with the ultraprecise fit and finish meant that the products needed to be built China.

When I hear politicians demanding that iPhones be built in the U.S., it’s clear they have no understanding of how products are created and built. You can’t just wish it to happen. You would need to create much of what China and Taiwan have built over the past 30 years.

It’s not just setting up factory buildings filled with assembly machinery and workers. You would need the entire infrastructure of suppliers and manufacturers of the parts that go into the products: the factories to build displays, batteries, and electronic components. You’d require the experience, and the right attitude.

Shipping the components from China and doing final assembly in the U.S. would also cause huge issues. Let’s suppose you bring displays in from China, and they have a defect. If you were building the product in Shenzhen, you’d call the display company that’s an hour away and they would have engineers in your factory in a few hours to address the problem or provide new parts. Try that from the United States, and you would likely shut down your assembly line for several weeks.

Now consider what would happen once you multiply this by the thousands of parts and processes that go into a product. Not only is it inefficient, it’s also just not practical to build these products here. It makes as much sense as building an automobile in the Arctic from parts made in Detroit.

The Mac Mini isn’t an iPhone

With all this said, Apple, under pressure to bring products back to the U.S., has agreed to build Mac minis in Houston. They have asked Foxconn, the same company that has built, staffed, and managed much of Apple’s China manufacturing, to create and operate the assembly operation.

The Mac mini is a much simpler and lower volume product than the iPhone. Essentially, it’s a printed circuit board assembly housed in an aluminum box. But it will still require many of its components to be shipped from China. Politically, it may be a good move, but practically, it means very little.

It will be interesting to see if Apple’s new CEO, John Ternus, makes any fundamental changes to Tim Cook’s manufacturing strategy. As a product designer, I’m guessing that Ternus—who is also a product designer—wants to get his new products to market in the fastest and most efficient way possible and will continue to rely on Asia. That approach has helped make so many of his past products huge successes.

Phil Baker

Consumer brands are digital health’s missing link

1 week 3 days ago

At the EWA, we enable C-suite women to mentor each other to achieve personal and professional success. I am honored to share insights from thought leaders who are part of our peer-to-peer community.

This month I introduce Annie Bloomquist, a consumer and digital health executive who has spent her career at the intersection of consumer trust and emerging technology. She led transformations across retail, consumer products, and digital health. She serves on the board of a private equity-backed medical device company and advises growth-stage companies on strategy, commercial execution, and scaling.

Segil: Consumers are buying health and wellness technology in record numbers, yet research shows only a fraction achieving their wellness goals. What’s the gap, and who is responsible for closing it?

Bloomquist: Eighty-four percent of consumers in the U.S. say wellness is their priority. Consumers are wearing their devices and downloading apps. What is failing is the sustained connection that converts intention into behavior change over time. The technology has to work by being effortless, ambient, and acting on behalf of the consumer rather than demanding attention from them. Technology alone does not sustain a relationship. The industry has underinvested in the longitudinal trust that makes a consumer keep going when motivation fades. The tools and data exist. What has been missing is the relationship consumer brands are built to provide.

Segil: You state the most valuable asset a consumer brand brings to health is not its product.

Bloomquist: Yes, the most valuable asset is the relationship. It’s the longitudinal trust accumulated over years of daily life, and the data that trust makes possible. Consumers who believe in a brand share more honestly, longer. That’s what turns a consumer dataset into a scientific asset. What clinical health platforms cannot easily replicate is that earned relationship. The ones who get it right treat the consumer relationship as infrastructure and build the health platform on top of it.

Segil: You have led this kind of transformation from the inside. What didn’t you appreciate until you were in it?

Bloomquist: It is difficult to hold two business models simultaneously. Either the legacy business wins and the platform never gets the resources it needs, or leadership moves too fast and breaks the foundation that is paying for the future. What holds both together is a leadership team that can make the case for both simultaneously.

The patience requirement is different for clinical and scientific partnerships versus commercial ones. It is built over years, not quarters.

Realizing the consumer has begun to trust you with something far more intimate than you asked for is not a problem. It is the most significant obligation the work creates.

Segil: Consumer brands are accustomed to partnerships with defined short-cycle commercial returns. How does that logic change when health outcomes are the goal?

Bloomquist: The companies that skip third-party scientific validation, treating it as a marketing expense rather than a foundational investment, will eventually face a credibility ceiling.

Partnerships with health systems, research institutions, and clinical bodies operate on longer cycles and require patient capital. The leaders who get this right treat these relationships as an extension of research and development, not a marketing partnership. They staff and protect them accordingly. Third-party validation converts a skeptical consumer into an engaged one and a skeptical health system into an advocacy channel. It is a flywheel.

Segil: The lines between consumer brands and digital health platforms are blurring. What does that mean for how leaders should think about market opportunity?

Bloomquist: The important question is not what share of an existing market a brand can capture. It’s what becomes accessible as consumer and digital health sectors continue to converge. Consumers increasingly expect health outcomes from the brands they already trust, and health platforms increasingly need the engagement infrastructure that consumer brands have spent decades building.

AI accelerates everything in this space, widening the gap between platforms that have earned longitudinal consumer data. It is the data infrastructure AI needs. A platform trained on years of continuous consumer engagement will outperform one trained on episodic clinical encounters.

The ones who get it right define the business by what it enables, not what it sells.

Segil: What’s your message to the consumer brand executive or board who see this opportunity but hasn’t yet committed to it?

Bloomquist: The window is real. Consumer brands bring something that digitally native health platforms are spending years trying to build: an existing relationship and longitudinal behavioral data. The brands that move with intention now, building clinical credibility and staffing for the right leadership, will define the next decade of health outcomes at scale. The ones that wait will find the consumer trust advantage competed away by digitally native health brands that are learning the consumer relationship faster than most incumbents expect.

Larraine Segil is founder, chair, and CEO of the Exceptional Women Alliance.

Larraine Segil

Robots are going to need a better story

1 week 3 days ago

In 1897, Georges Méliès made Gugusse et l’Automate, one of the earliest films to feature a robot. The machine grows, fights its maker, and is eventually destroyed. It set the tone.

For much of the next 120 years, our impressions of robots came from the silver screen. From the terrifying liquid-metal T-1000 in Terminator 2 to the murderous NS-5s in I, Robot, we have repeatedly imagined that the machines we invent will eventually turn on us.

Of course, for every evil machine, there’s a WALL-E or C-3PO. But hostile robots scare us. Negativity bias makes our minds naturally give disproportionate attention to threats, loss, and things beyond our control. Popular culture didn’t invent our fear of machines, but it has had more than a century to compound it. Until recently, those fears could remain safely within our imaginations.

THE ROBOTS ARE HERE

In recent years, investment in robotics and “physical AI” has surged at a record pace, with global funding growing from about $4 billion in 2019 to $26 billion in 2025. China is pushing humanoid robots from demonstrations into factories, with Morgan Stanley projecting that annual Chinese shipments could reach 446,000 by 2030.

But it’s important to acknowledge that robots don’t always have two arms and two legs or look like us. Many have been working alongside us for decades. They arrived in automotive factories in the 1960s and, by the 1980s, were considered a core production technology. We’ve happily watched robot vacuum cleaners make their way around our homes for years. But a giant arm endlessly spot-welding a car, or two brushes cleaning dog hair from the floor, feels very different from a machine that looks and behaves like us. So we find ourselves at a juncture: Our definition of a robot needs to broaden, just as the ones that do look like us are suddenly becoming much more visible.

FROM CIRCUS ACT TO EMPLOYEE

For years, Boston Dynamics has entertained the internet with bipedal robots running, jumping, and doing backflips. But at CES this year, the backflips stopped and the company unveiled the production version of Atlas. The emphasis was now on work: handling parts, changing its own battery, and operating autonomously in industrial environments.

And we’re feeling this outside of work, too. In late 2025, robotics company 1X opened preorders for NEO, its humanoid home robot, for $20,000 or $499 a month. Its soft exterior, light weight, and deliberately domestic design are a long way from science fiction’s metal machines. It is all packaged up on an unassuming, familiar website.

The brands producing robots must move beyond the future invention story to everyday use. That starts with where these robots live.

OUR HOMES ARE DIFFERENT

In industrial settings, adoption will largely become an economic decision. Once capabilities, reliability, servicing, and costs align, companies will use robots of all types, regardless of unemployment fears. The economic case will overcome societal challenges, especially for high-frequency, mundane tasks, while delivering significant productivity uplifts. Storytelling and good branding will still be essential, but the blockers are easily overcome.

But a machine that enters our home, handles our possessions, or helps care for us has to cross an emotional threshold. For most people, the robot’s capabilities will not be enough. We will have to accept and trust it. That creates an extraordinary and novel challenge for new brands building around robotics.

The industry naturally wants to wow us with what its machines can do. But every demonstration of something recognizably human can reinforce fears following robots for a century: Look what it can do instead of you.

The distance between home and work is wide, but what about a third space? You already see robots cleaning in transport hubs and bussing dishes in large hospitality settings. This is the opportunity for these new brands. In spaces we occupy but don’t own, the value can be demonstrated through robots’ abilities to improve our experiences and environments. Brands might have to straddle a B2B2C situation, but showing how a robot can improve that space may make us more open to letting one into a space we own.

An elderly parent looked after by a robot sounds dystopian when the imagined alternative is a caring human. It’s fraught with guilt. But across aging societies struggling with care shortages, that alternative will not always be available. With population sizes decreasing, the choice may be between robot-assisted care and not enough care. But before we get there—and before our imaginations run wild again—there is more of the robot story still to be told.

HERE TO HELP

Robotics isn’t simply a story about replacement or revolution. It’s about us building a very different relationship with this technology—an emotional one, focused on making things better. We will likely eventually name our robots. This is already happening: The cleaning robot in my London train station is called Scrubsy.

We’re looking at perhaps the first mass-market technology we don’t operate. We need to trust what robots do, what they see, their decisions, and ultimately, the companies standing behind them. I can’t think of a bigger—or, to be honest, more exciting—branding challenge today. In Terminator 2, Cyberdyne Systems builds Skynet. It gives robot brands a case study in the opposite kind of brand they need to build: a nemesis, of sorts.

Robot companies of all sizes and scales will need to balance invention with use. They will need to address concerns head-on, with effective storytelling and films that show and explain. The recent AI boom has brought a raft of excellent advertisements showing how and why an LLM can be a powerful presence in our lives—one we shouldn’t be scared of. Robots will be no different from AI in this regard, but their brands need to go even further.

We are getting remarkably good at building machines that can behave like us. The challenge will be telling their story in a way that makes us want to let them in.

James Greenfield is CEO and cofounder of Koto.

James Greenfield

A new back-to-school focus on non-traditional learners

1 week 3 days ago

As millions of students head back to campus this fall, colleges and universities are rightly focused on incoming freshmen, enrollment numbers, and retention rates. But there is another population that deserves attention: the more than 37 million Americans under age 65 who have some college credits but no degree. At a time when we need more skilled people in the workforce, these 37 million are one of the largest untapped talent pools for U.S. employers.

Many of these adults don’t fit the traditional student mold. They are parents, frontline workers, veterans, caregivers, and professionals already building careers. They have demonstrated their willingness to pursue higher education and were enrolled at some point, but life got in the way.

A recent brief from Pearson and the American Council on Education, Reengaging Stopped-Out Learners: Institutional Strategies for Return and Completion, highlights why learners “stop out” and what motivates them to return. Financial pressures, competing responsibilities, and concerns about readiness often interrupt educational journeys. Yet career advancement, personal fulfillment, and family aspirations remain powerful drivers for reengagement.

LEARNER-CENTERED EDUCATION

The challenge for higher education is clear: If we want these learners back, we cannot expect them to return to the same systems that did not accommodate their realities in the first place.

For decades, much of higher education has been designed around the needs of full-time, campus-based students. But stopped-out learners require a different approach. They need flexible pathways that acknowledge work schedules, caregiving responsibilities, and credits for prior learning experiences. They need educational models that fit into their lives instead of requiring them to press pause on everything else.

Fortunately, many institutions are already beginning to rethink what learner-centered education looks like. Three main areas where colleges can make meaningful progress include flexible program delivery, stronger data infrastructure, and expanded recognition of prior learning, work experience, and military training.

These recommendations represent a fundamental shift in how we think about student success.

Imagine a working professional who left college eight years ago after completing most of a business degree. Today, that individual may have accumulated significant workplace experience, completed employer training programs, and developed in-demand technical skills. Asking them to start over makes little sense. Instead, institutions should find innovative ways to recognize demonstrated competencies, accelerate degree completion, and connect learning directly to career outcomes.


NATIONAL SKILLS CHALLENGE

Technology also has an important role to play. Advances in digital learning, artificial intelligence, and personalized education can make higher education more responsive. Learning experiences can now adapt to individual needs. They can provide support on demand and help students progress at a pace that works for them. The future of higher education will be defined by how effectively it helps people achieve meaningful outcomes.

This matters far beyond the campus.

America faces a growing skills challenge. Employers across industries are searching for talent. At the same time, millions of adults already possess partial college experience and valuable workplace knowledge, but lack the degree credential that can unlock new opportunities. Reengaging stopped-out learners offers one of the fastest and most effective ways to strengthen the workforce while improving economic mobility.

LIFELONG LEARNING

Back-to-school season should remind us that education is not confined to an 18-to-22-year-old experience. Learning is lifelong. The next generation of higher education leaders will understand that learners move in and out of education throughout their lives and design systems accordingly.

The opportunity is enormous. Millions of Americans have already taken the first step by enrolling in college. This fall, higher education should consider what it would take to help them finish.

The answer may enrich the lives of millions of people and drive the future of our workforce and economy.

Tom ap Simon is president of higher education and virtual learning at Pearson.

Tom Ap Simon

People will be your competitive advantage

1 week 3 days ago

One of the biggest mistakes companies are making with AI is treating it primarily as a way to reduce talent, rather than as an opportunity to rethink how people and technology can work together.

The temptation is understandable, as AI can automate work and take on tasks that once required large teams. Increasingly, HR has become an obvious place to focus on staffing reductions. AI can screen candidates, answer employee questions, and analyze workforce data.

This results in leaders asking how many HR staff members they still need. The bigger opportunity, though, is to design the organization to succeed in the future. In the AI age, one of the greatest competitive advantages may be something distinctly human: your people strategy.

PEOPLE STRATEGY IS BUSINESS STRATEGY

I was once talking with Steve Kerr, coach of the Golden State Warriors, about people strategy. He told me that one of the most important values he instills in his team is connection.

Every player walks onto the court with something different happening in his life. One may be under enormous pressure to perform. Another may be dealing with something personal. Someone else may not be having his best day. Yet when the game begins, they have to figure out how to work together. If that connection breaks down, the entire team strategy can break down with it.

Companies are no different.

You can hire extraordinary people. Invest in the best technology. Build a smart business plan. But none of it guarantees that people will come together in a way that delivers the outcomes you want.

That is where people strategy comes in. It connects the business model to how people operate every day, from culture and organizational structure to decision-making, leadership behaviors, and processes, to make it happen.

The strongest CEOs understand that people strategy begins at the top. They work with their leadership team and people leaders to determine how the organization needs to operate to achieve its goals.

EVERY CEO NEEDS A PEOPLE STRATEGIST

People strategy is a leadership responsibility. The CEO needs a trusted partner who brings a deep understanding of people and organizations to the table, helping translate business priorities into the talent, culture, structure, and ways of working required to achieve outcomes. I call that person a people strategist.

A people strategist is not someone who just understands compensation, recruiting, benefits, or employee relations. While important, a great people strategist also understands the business and serves as a strategic partner to the CEO and leadership team.

They know how the company makes money. They understand the strategy. They can connect what is happening across finance, technology, operations, sales, and people. They see where the organization is getting stuck and understand how changes in talent and technology, as well as structure and culture. They can also help devise ways of working to help move it forward.

I often say that the best people strategists are business people, where people are their product.

STOP DESIGNING AROUND YOUR CURRENT ORGANIZATION

Another challenge I often see is that companies are trying to evolve the organization they already have.

They look at their current jobs and ask which tasks AI can automate. They look at employees and ask what new skills they need. They look at existing structures and try to make them more efficient. 

A better starting point is thinking about the problem we are trying to solve. What are we trying to accomplish? What value are we trying to create? What should a person do versus what technology should do? Where does combining the two produce something better?

Then design the work from there. That may result in very different organizations. We may rely less on static job descriptions and more on teams organized around specific problems. Companies may use a combination of full-time employees, independent experts, consultants, partners, and technology depending on what needs to be accomplished.

The point is to stop assuming the organization has to look like the one we have today.

We made a similar mistake during the pandemic. Many companies moved employees from an office to their homes and considered that a transformation. They changed the where, but not necessarily the how.

AI gives us another opportunity to redesign how work happens. We should not waste it by layering new technology onto old ways of working. The companies that get this right will build a better organization combining the best resources.

PEOPLE ARE THE DIFFERENTIATOR

As AI becomes more powerful and widely available, companies will increasingly have access to many of the same tools. The technology itself will not be enough to create an advantage. The difference will be what people do with it.

People bring judgment, curiosity, creativity, relationships, and context. They see connections others may not see. They understand when to follow the data and when to question it. And they combine ideas and technology, along with experience, in ways that can create something new.

As technology becomes more ubiquitous, people will become an even greater source of differentiation. The companies that succeed will have the strongest people strategies. They will know how to bring together the right talent, leadership, culture, and technology to achieve what others cannot.

Tami Rosen is a board member, advisor, and executive at finance and technology companies.

Tami Rosen

National Taco Day freebies, deals, and specials for 2026: Where to score big on the ultimate Taco Tuesday

1 week 3 days ago

When you are having a hard workday, it is comforting to remember that tacos fall apart and people still love them.

This metaphor is particularly timely on National Taco Day, which just so happens to be today (Tuesday, October 6, 2026). Regardless of your emotional state, tacos are always a good idea.

Here’s some history and where to score some deliciousness.

A brief history of the taco

Let’s talk about tacos. The stuffed hand-held tortilla dish we know today evolved from Native and Mexican culinary traditions, though the exact details are unknown.

Many, such as the historian Jeffrey M. Pilcher, believe the moniker itself can be traced to 18th-century silver mines in Mexico. Miners would wrap gunpowder in paper and place it in the rocks as part of the excavation process, and call them tacos.

They also consumed street food versions that became known as tacos de minero.

As industrialization brought workers and their families to Mexico City, culinary fusion took place.

One of the first times tacos are mentioned in the United States is in a 1905 newspaper. Mexican immigrants were working in America on the railroads and mines and brought their favorite dishes from home with them.

In Los Angeles, tamales were sold on pushcarts. In San Antonio, women known as the Chili Queens sold Mexican food such as tacos around the Alamo.

As the children of Mexican immigrants grew up in the United States, they continued to eat foods from their parents’ homeland, including tacos.

Families began incorporating ingredients that were readily available in America, such as cheddar cheese, iceberg lettuce, and hamburger meat.

Today, the taco is a staple in American cuisine. Its versatility allows the consumer to customize it according to their stomach’s delights.

National Taco Day freebies and deals

Now that you are an informed connoisseur of tacos, let’s dive into the deals.

Margaritas Mexican Restaurant

Margaritas Mexican Restaurant loves tacos so much that it is celebrating all month long. October is now “Tacotoberfest.” For the whole month, rewards members can get 100 extra bonus points when ordering tacos during happy hour.

On National Taco Day, those same rewards members who dine in can get a free taco with purchase.

If you are feeling extremely hungry and competitive, beginning on National Taco Day through the end of the month, you can take part in the Taco Gigante Challenge for the chance to win prizes. All you have to do is work your way through a two-pound taco.

Del Taco

Del Taco also celebrates Tacotoberfest. Rewards members can get a free taco with any purchase on the big day and rotating buy-one, get-one-free offers the rest of the month.

Chuy’s

Do you love dress-up? Do you love Chuy’s? Then we have a deal for you. On National Taco Day, don your best taco costume, snap a picture, and share to social media with the hashtag #ChuysTacoDay.

You will be rewarded with a free entrée. If dress-up isn’t your thing, you can simply add a crispy or soft ground beef taco to your entrée for $1. Additionally, you can add a floater shot of tequila or rum to any margarita for just $1. Taco eating can make you pretty thirsty.

Fuzzy’s Taco Shops

At participating Fuzzy’s Taco Shops, celebrate National Taco Day by ordering $2 original tacos. Customers will also be given a scratch-off card that comes with a guaranteed prize for a future visit. The prize possibilities include options such as free chips and queso or even free tacos for a year.

Kroger

If you are wanting to stay in and cook at home this National Taco Day, Kroger has you covered.

Log in to your Kroger account online or in the Kroger app. Add items such as Kroger Brand Ground Beef, Mexican Style Blend Shredded Cheese, Simple Truth Organic Yellow Corn Taco Shells, and Seasoned Black Beans to your cart.

Make sure to clip and redeem the current coupon good for $20 off your first online order of $75 or more. This deal runs through October 6.

Laredo Taco Company

Laredo Taco Company restaurants located inside 7-Eleven, Speedway, and Stripes stores are having an all-day taco celebration for the big occasion.

Breakfast-themed options include the buy-one, get-one free potato-and-egg tacos, two-for-$5 El Gran Tocino tacos, or a $5 El Gran Tocino burrito.

For lunch or dinner, consider the buy-one, get-one free chicken fajita taco or the $5 taco meal deal. The latter comes with chicken and bean-and-cheese tacos, a small side and Big Gulp drink.

Moe’s Southwest Grill

National Taco Day is three times the fun at Moe’s Southwest Grill. There you can order up to three $2 tacos. The deal is extended through October 11 if you are a loyalty member.

No matter how you feel and where you celebrate, we hope your National Taco Day guacs.

Shannon Cudd
Checked
12 minutes 38 seconds ago
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