• NYC business leaders are planning back-to-back meetings with Zohran Mamdani next week.
• Tuesday's meeting could draw about 100 CEOs, said Kathryn Wylde of Partnership for New York City.
• Wednesday's meeting is expected to focus on the city's tech sector.

New York City's mayoral frontrunner is expected to be busy next week trying to convince the city's business leaders that he's the man for the job.

Dozens of the city's business leaders are gearing up to talk with Zohran Mamdani, who clinched the Democratic nomination for mayor last month, in a series of closed-door meetings next week. The gatherings, scheduled for Tuesday, July 15, and Wednesday, July 16, in midtown Manhattan, were arranged by the Partnership for New York City, a business advocacy group.

Kathryn Wylde, the chief executive of Partnership for New York City, said about 100 CEOs are expected to attend Tuesday's gathering, to be cohosted by Rob Speyer, CEO of property investor and development firm Tishman Speyer, and Albert Bourla, CEO of pharmaceutical giant Pfizer.

Wednesday's event will focus on leaders from the city's technology sector and is expected to be led by Kevin Ryan, founder and CEO of AlleyCorp, a venture capital firm, Wylde said.

"They want to understand what his affiliation with the Democratic Socialists of America really means," Wylde said of the 33-year-old self-described socialist who rattled business leaders when he defeated former governor Andrew Cuomo in the Democratic primary.

Wylde did not specify where the meetings are expected to take place, citing concerns that it could draw protesters. A spokesman for Mamdani didn't return a request for comment.

Mamdani clinched the Democratic primary in a city that tends to vote blue on a platform that vowed to fix housing and other affordability issues plaguing the city's residents. He has pledged to build $100 billion of new affordable housing and offer free bus service and childcare. He has proposed a 2% tax on millionaires in the city to help pay for his agenda, although he would need approval from state legislators and the governor for any new levies.

"They are concerned that his campaign focused on how to solve problems by raising taxes and spending more money," Wylde said. "Does he understand that New York is in a competitive position when it comes to jobs and private investment and that there is a point at which you can't get blood out of a stone?"

The Partnership for New York City boasts some powerful members, including Jamie Dimon, chairman and CEO of JPMorgan, Larry Fink, CEO of BlackRock, Steve Schwarzman, chairman, CEO, and cofounder of Blackstone, and David Solomon, chairman and CEO of Goldman Sachs.

Spyer and Bourla are co-chairs of the business advocacy group's board.

Some business leaders have said they won't be convinced of Mamdani's viability and have banded behind incumbent mayor Eric Adams in an effort to defeat the young political star in the general election this fall.

"I fully support Eric Adams and I think others will too, based on people I'm speaking with," said Jared Epstein, a Manhattan real estate executive who co-hosted a fundraiser for Adams in Bridgehampton on Long Island over the July 4th weekend with John Catsimatidis, a wealthy former Republican candidate for NYC mayor. "Mamdani is in for a rude awakening if he thinks he's going to take this city."

Adams was indicted last year by federal prosecutors for accepting gifts from a Turkish official and related businesspeople. The case was dropped by President Trump's Justice Department, but it inflicted damage on Adams's candidacy, according to polls.

• An open letter is circulating in support of Sequoia Capital partner Shaun Maguire.
• The VC has come under fire for his recent comments about Zohran Mamdani, who he called an "Islamist."
• The letter has over 355 signatures.

An open letter voicing support for a Sequoia Capital partner is circulating online after the VC's remarks about New York mayoral candidate Zohran Mamdani generated backlash.

Sequoia Capital has faced pressure to act after its partner, Shaun Maguire, called Mamdani an "Islamist" — a remark Maguire has said was political, not religious or racial. An open letter signed by hundreds of self-identified founders, investors, and tech workers called on the VC firm to take disciplinary action on Maguire.

Now, a letter of support is generating signatures of its own.

"On July 4, Shaun published a post on X," the letter reads. "Whether one agrees with his views or not, his words were not hate speech - they were the reflections of a principled thinker and a partner to countless founders who span geographies, faiths, and political beliefs."

"The calls to punish or remove him are part of a larger and worrying trend: ideological mobbing disguised as a moral virtue," the letter continued.

"We know Shaun personally. He has helped build careers, fund companies, and elevate voices across divides," the letter said. "We've experienced his integrity, intellectual honesty, and commitment to the global founder community firsthand. Attempts to paint him as bigoted are not only false - they're defamatory."

Read the letter in full below:

An Open Letter in Support of Shaun Maguire

We, the undersigned founders, investors, operators, and technologists from across the industry, are writing to express our unequivocal support for Shaun Maguire and to denounce the coordinated effort to silence him for expressing personal convictions.

On July 4, Shaun published a post on X. Whether one agrees with his views or not, his words were not hate speech - they were the reflections of a principled thinker and a partner to countless founders who span geographies, faiths, and political beliefs.

The calls to punish or remove him are part of a larger and worrying trend: ideological mobbing disguised as a moral virtue.

We know Shaun personally. He has helped build careers, fund companies, and elevate voices across divides. We've experienced his integrity, intellectual honesty, and commitment to the global founder community firsthand. Attempts to paint him as bigoted are not only false - they're defamatory.

We reject the framing of ideological disagreement as violence. We reject the chilling message that nuanced or unpopular opinions make one unfit to serve. And we reject the idea that the tech industry must conform to a narrow ideological orthodoxy in order to be "inclusive."

We call on our peers across the ecosystem to stand against ideological bullying - whether it targets Jews, Muslims, Christians, atheists, liberals, conservatives, or anyone in between.

Shaun has stood by peers and founders in their most difficult moments. It's time we return the favor.

Respectfully,
The undersigned

• Travelers no longer have to take off their shoes at US airports.
• The TSA will begin the new approach at airports nationwide.
• DHS Secretary Kristi Noem unveiled the change on Tuesday at Ronald Reagan National Airport.

You can finally keep your shoes on at airport security.

Homeland Security Secretary Kristi Noem said on Tuesday that travelers at airports across the country won't have to remove their shoes at security checks beginning immediately, ending a nearly 20-year-old policy.

"This is something that I know for quite some time people have talked about and discussed," Noem said during a news conference at Ronald Reagan National Airport. "And we know that when President Trump was elected that he pledged to make life better for all Americans and that includes those that are travelers going through our busy airports."

Noem said advancements in technology allowed for TSA to do away with its old requirement. She repeatedly pointed to the implementation of Real ID, a long-delayed requirement that went into effect in part in May.

The Transportation Security Administration began requiring travelers to remove their shoes in 2006. In 2013, the TSA began allowing travelers who paid and qualified for their PreCheck program to keep their shoes on, along with other perks.

In 2001, Richard Reid, later known as "the shoe bomber," tried to ignite explosives hidden in his shoes. Five years later, the policy was viewed as a response to that incident. In 2006, then-TSA Director Kip Hawley told reporters that X-raying shoes was "an effective way of identifying any anomaly, including explosives."

The TSA has previously tested technology that would allow travelers to keep their shoes on, but until Tuesday, hadn't changed the requirement for all travelers.

Noem said other policies could change, too. She said policies requiring the removal of belts and limits on liquids are being reexamined as well.

• Shaun Maguire, a partner at Sequoia Capital, is facing pushback over comments he made about New York City mayoral candidate Zohran Mamdani.
• Maguire is one of Silicon Valley's more outspoken supporters of President Donald Trump.
• His career in venture capital goes back nearly a decade, and he's led investments in several of Elon Musk's companies.

Shaun Maguire, a partner at the blue-chip venture capital firm Sequoia Capital, is under fire for his comments about New York City mayoral candidate Zohran Mamdani — and his past remarks suggest he's not afraid of controversy.

In response to a New York Times story about Mamdani marking his ethnicity as both "Asian" and "Black or African American" on his 2009 application to Columbia University, Maguire wrote on X that the candidate "comes from a culture that lies about everything."

"It's literally a virtue to lie if it advances his Islamist agenda," he said.

The comments have ignited backlash from some in the tech world, including some founders backed by Sequoia. An online petition calling for the firm to take disciplinary action against Maguire and establish an avenue for Sequoia's founders to report discrimination and hate speech has more than 900 signatories who self-identified as founders, executives, or tech workers.

Meanwhile, others in the tech world, like Palantir cofounder Joe Lonsdale, have expressed support for Maguire, and an open letter in his defense has begun circulating on X.

Sequoia declined to comment to Business Insider. When asked for comment, Maguire looped in Sequoia's communications team.

He previously pointed to posts he made on X in response to the backlash, including a video in which he defended his comments.

"To any Muslim that is not an Islamist, and to any Indian that took offense to this tweet, I am very, very sorry," he said in the video.

This is not Maguire's first time wading into political waters. The investor has become known for his outspoken conservative bent and is emblematic of a shift to the right in Silicon Valley.

From high school dropout to Silicon Valley big shot

Maguire followed a slightly unconventional path to venture capital.

After a lackluster high school performance — his GPA was 1.8 and he failed Algebra 2 — he dropped out of school in 10th grade and earned the equivalent of a GED, he said in a 2022 interview with the Caltech Heritage Project. He went on to enroll in community college and then graduate from the University of Southern California, where he was a member of the math team.

His interest in math took him to Stanford University, where he earned a Master's in statistics, and then to Caltech, where he earned a Ph.D. in physics.

While at the latter, he started working for DARPA, the Defense Advanced Research Projects Agency, in Afghanistan. His work there led him to cofound Expanse (formerly Qadium), a network security company, which was acquired by Palo Alto Networks in 2020 for about $800 million.

He became a partner at Google Ventures in 2016, according to his LinkedIn profile. His investments there included Dandelion Energy, a geothermal heating and cooling company, IonQ, a quantum computing company, and Lambda School, a coding boot camp.

In 2019, Maguire joined Sequoia. He's led or co-led more than two dozen investments for the firm, including in AI upstarts Decart and Foundry, and several of Elon Musk's companies, like tunneling venture The Boring Company, AI platform xAI, and rocket builder SpaceX.

He's also interested in investments that support President Donald Trump's ambitions to "reshore the supply chain" through drones and silicon photonics, he told CNBC last month.

An outspoken Trump supporter: 'I was willing to face any consequences'

As his profile has risen in Silicon Valley, so has his political one.

Maguire, who went from supporting Hillary Clinton to embracing the Make America Great Again movement, has become one of the most prominent GOP supporters in Silicon Valley.

Following Trump's felony conviction last year, Maguire announced he'd back Trump in the 2024 election and would write his campaign a $300,000 check. In total, he donated about $800,000 to Republican causes last year, according to data from Open Secrets. Once Trump was elected, Maguire aided in the transition by interviewing candidates for positions in the defense department, The New York Times reported.

In a lengthy screed on X, Maguire, a staunch supporter of Israel, outlined the reasoning behind his political change of heart.

Part of his disillusionment with the Democrats hinged on foreign policy, including the fact that Joe Biden pulled US troops out of Afghanistan, he said. In contrast, he praised Trump as a "master of foreign policy" and described the myriad lawsuits against him as "double standards and lawfare."

His ideological shift extends beyond diplomatics. Over the past year, he's been posting near-daily diatribes on his politics.

He's criticized diversity, equity, and inclusion initiatives, claiming he wasn't promoted because he was a white man, and dabbled in conspiracy theories, including posting about how "antifa" is responsible for voter fraud.

"I had made enough money to where, if I got fired, I wasn't going to starve to death," he said earlier this year of his decision to be more outspoken on the "Uncapped" podcast. "I was at a point in my life where I was willing to face any consequences, as crazy as it sounds, even death."

His points of view have made him some enemies. He told Fortune that he "lost lots of friends and disappointed family."

The blowback following his comments on Mamdani, though, marks a new level.

Maguire isn't backing down, though.

In response to critics, he said on X, "You only embolden me."

• Bloomberg announced a newsroom reorg and staff cut but plans to end the year with more employees.
• The changes include merging finance teams and centralizing video.
• The newsroom, part of financial giant Bloomberg LP, is one of the largest and rarely cuts staff.

Bloomberg is making a rare staff cut as it reorganizes its newsroom, but plans to end the year with a bigger head count, according to a memo from editor in chief John Micklethwait, which was viewed by Business Insider.

Micklethwait announced several changes in the newsroom's structure to support three particular areas of recent focus:

• Bloomberg is merging some finance teams and consolidating them under Sree Vidya Bhaktavatsalam to support its coverage of private markets.
• It's also combining teams that focus on front-page news to provide more consistency in how news shows up throughout the week, a shift that will let Bloomberg put more attention on the rollout of AI tools across the newsroom.
• Third, it's centralizing video editorial under Kristin Powers, mirroring its audio editorial model.

While layoffs have become commonplace across the media landscape, staff reductions at Bloomberg's media arm are rare. The newsroom is one of the largest in the US and is partly insulated by its ownership by Michael Bloomberg's financial information giant Bloomberg LP, whose key product, the Bloomberg Terminal, is widely used on Wall Street. The company also has a history of hiring in economic downturns.

Bloomberg declined to comment on the scale of the cuts. The newsroom numbers around 2,700.

Here's Micklethwait's full memo to staff:

Our newsroom is always evolving. The capitalism that we chronicle keeps changing while the habits of our readers, listeners and viewers are also continually shifting. So we are always looking for ways in which we can improve our coverage. Look around Editorial & Research and we are currently adding people in Washington to cover the Trump presidency, expanding BI to cover more mid-cap companies, developing our geoeconomics and emerging markets offering, launching tech-focused TV programs in Europe and Asia, rolling out our Weekend product and experimenting with AI to improve our translation, summaries and our data journalism. Change is a constant.

However, if you look back over the past few years, three areas where we have leapt forward a long way stand out. We have deepened our coverage of private markets and credit, leading the way in a fast-growing part of the financial markets that is a priority for our company. We have continued to strengthen the ways we deliver and package news across our platforms, and record usage on the Terminal and strong growth in digital subscriptions are testament to our success. And we have built up our expertise in video - as proven by the two Emmys we won last month and the release of "Can't Look Away."

Today we are announcing several changes in our structure to consolidate our achievements in each of these three areas - and set ourselves up for future expansion.

Our advance into private markets has involved intense collaboration between our Credit and Finance groups. We now think the time is right to combine those teams - as well as Legal, Wealth and Investing - under the leadership of Sree Vidya Bhaktavatsalam. In a sign of how important Credit, Finance, Investing, Legal and Wealth are to us, Sree will join our Editorial & Research Management Committee.

Shannon Harrington, Executive Editor for Global Credit, will report into Sree as will two new Executive Editors: We will post for an Executive Editor for Finance, Investing & Legal in the Americas and an Executive Editor for Credit and Finance in APAC. In APAC, the Finance Managing Editor (Luo Jun) and the Credit Managing Editor (Andrew Monahan) will report to the new Executive Editor, with the Credit Managing Editor having a dual reporting line into Shannon.

Given the intensity of the story in the US, we are also uniting the Legal team with Financial Regulation under Managing Editor Benjamin Bain. Both Ben and the Finance & Investing Managing Editor for the Americas (Michael Moore) will report to the new Americas Executive Editor. The Managing Editors for Global Wealth (Brian Chappatta), Europe Finance & Investing (Tom Metcalf) and Mideast Money (Adveith Nair) will retain their reporting line into Sree.

Dan Hauck, who has overseen the combined Credit and Deals groups with great skill for the past six years, will continue to oversee Deals and still report into Heather Harris. Dan will work closely with Sree and Shannon on private equity in particular, where we have had a string of exclusives this year. He will also take on the editing mentoring work previously done by Wes Kosova.

One thing I must stress about Credit: although the growth in private markets has provided the catalyst for us to change formation, it doesn't in any way diminish our coverage of the much larger public credit markets where our customers rely on us to be first with new issues, loan deals and debt restructurings. Links with the other markets teams will remain as strong as ever and credit reporters will continue to file most of their stories into the Markets Editing hubs.

The second set of changes focuses on our front pages across all our platforms. The News Desks have for years been the arbiters of which stories we put in front of our readers on the Terminal and the Web during the workweek, while the 24/7 team built our successful offerings for mobile and oversaw news on the weekend. This setup made sense to get Daybreak and Bloomberg Today off the ground but it no longer fits a seven-day news cycle, where readers expect the same news judgment from us wherever they are and whatever day it is.

So we are combining the teams and reshaping the News Desks in each region, with one group overseeing front pages and news alerts (the now), one group looking ahead (Daybreak and Planning) and one group in charge of enterprise (the hub). Matt Miller will continue to oversee breaking news and economic data and devote more of his time to another of our key initiatives, the rollout of AI tools across the newsroom.

In the Americas under News Director Emma Moody, Alan Goldstein will join the desk as Executive Editor, with Managing Editors Katherine Cho and Kevin Whitelaw (weekends) reporting to him. Alison Ciaccio becomes Managing Editor for Planning and Daybreak, reporting to Emma, and Pratish Narayanan continues to oversee the hub as Executive Editor. The Web team under Lindsey Rupp continues to dual-report to the News Desk and Digital.

In Asia, News Director Mike Patterson will be joined by Linus Chua as Executive Editor. Maggie Otte and Shamim Adam (weekends) remain as Managing Editors and will report into Linus. The digital homepage team under Kristine Servando will dual-report into the News Desk and Saira Asher, Managing Editor for Digital in Asia. Emily Cadman continues to run the hub, and we will post for the Managing Editor for Daybreak and Planning.

Our EMEA News Director Ros Mathieson is keen to return to Asia, and I'm delighted that she will become our Chief Asia Correspondent based in Singapore, a new role reporting to John Fraher and Madeleine Lim. Will Kennedy will succeed her as News Director in London. His leadership team will include Executive Editors James Ludden (front pages, alerts) and Edward Evans (hub), and we will post for the Managing Editor roles for Daybreak/Planning and the front pages. A new digital homepage team under Niveditha Ravi will dual-report to the desk and Sarah Muller. Shiyin Chen will continue to oversee weekend news, reporting into James, while Adam Blenford moves to Katherine Bell's weekend team as a Senior Editor. We will post for a successor to Will as head of Energy and Commodities shortly.

The third set of changes focus on video. On the business side of Bloomberg Media, Roman Mackiewicz took over leading the video end-to-end strategy four months ago. To better align the editorial side with this (and also mirror our successful audio editorial model), we are unifying video editorial under Kristin Powers' leadership. Kristin has a wealth of experience across all our platforms - and helped launch both Green Docs and "Can't Look Away." Julie Alnwick McHale will continue to run Bloomberg Television and expand her remit to oversee all video news; Regina Dellea will be in charge of our studio, Bloomberg Originals; and Amina Wilson will be head of development for all programming, an expanded role. Julie, Regina and Amina will all report to Kristin, who will also continue to serve as Dave Merritt's deputy. The video alignment follows the successful integration of radio and podcasts in one audio division under Anthony Mancini two years ago.

To enable Kristin to focus on video, we are making some more changes in the Media Editorial group. Ted Fine and his partnerships team will now report to Julie Alnwick McHale. Emily Anton will take the lead for cross-platform projects. Loly Chan will run production across Businessweek and Markets magazines reporting into Katie Boyce. And we also want to simplify our approach to still images. For years we have run separate photography teams, serving our magazines, features, and the newswire. We'll now unite them into one group, led by Aeriel Brown and reporting up to Chris Nosenzo. We'll also be moving Dorothy Gambrell and Mark Glassman onto Martin Keohan's wider Data Viz group. These two changes will build on the success of our combined design merger.

Finally on the Media side, continuing our drive to build up our consumer product in Asia, Stephanie Phang will move over to Emma O'Brien's group where she will oversee our growing suite of newsletters that are helping us reach new audiences in the region. We will post for a new Managing Editor for Southeast Asia shortly.

As part of all these changes, we have sadly had to say goodbye to some colleagues. That too is part of how a newsroom evolves and gets stronger. To those who worry that this is driven by cost cutting, I will point out that we will end this year with a bigger newsroom than we started it. We have a responsibility not only to deliver the best content we can to our customers but also to create that content as efficiently as possible.

Reto and I and the rest of our leadership team are confident that these changes - as well as the long list of ongoing improvements and expansions that I mentioned at the beginning of this note - will all help us provide an even better Chronicle of Capitalism. And I am also certain that the newsroom and indeed our broader department will continue to evolve and change shape in the years ahead. The best, as we have occasionally pointed out before, is yet to come.

• Tesla CEO Elon Musk wants to start a new political party called the America Party.
• Wedbush analyst Dan Ives thinks the Tesla board should limit the CEO's time spent on politics.
• Musk responded to Ives: "Shut up."

Even the most bullish of Tesla optimists can catch the ire of Elon Musk.

Wedbush Securities analyst Dan Ives, who often gives Tesla an "outperform" rating, said on X and in a note published Tuesday that Tesla's board of directors needs to create "ground rules" for Musk after the CEO said he would launch a new political party.

The analyst's suggestion stems from investor concerns that the CEO is once again diverting his attention away from Tesla and toward politics during a time when EV sales have slowed and the company is betting its future on autonomous vehicles and robotics.

Musk said on Saturday that he formed the "America Party" in response to the passing of the GOP's Big Beautiful Bill, which the CEO said would put the US in "debt slavery."

Ives said the company's board should increase Musk's voting power by up to 25% in his new pay package, establish "guardrails" for how much time Musk spends at Tesla, and provide "oversight on political endeavors."

One of Ives' suggestions is to fulfill Musk's previous demand to increase his ownership stake in the company, which stands at about 13%, as an incentive for him to stay on board at Tesla.

Even so, Musk responded to the analyst on X on Tuesday with a brief comment: "Shut up, Dan."

Ives appears to have brushed off the response.

"Elon has his opinion and I get it, but we stand by what the right course of action is for the Board," Ives told Business Insider in a text message.

Ives has been optimistic about Tesla's growth even as he recognized that the company was "going through a crisis" just several months ago when Tesla's stock was 53% below its all-time high from mid-December.

At the time, Musk was involved with the White House DOGE office which was created to reduce the size of the federal government and rein in spending.

Concerns about Musk's commitment to his company reached the top, according to The Wall Street Journal. In April, the Journal reported that Tesla's board opened a search for a potential replacement CEO. Robyn Denholm, Tesla's chair, said on X that the report was "absolutely false."

While Ives wouldn't go as far as calling for a replacement CEO — he previously said in an April 20 note that "Tesla is Musk and Musk is Tesla" — the analyst said at the time that Musk needed to do two things: make a statement outlining how he'd manage his time between Tesla and the White House, and establish a "roadmap" and timeline for Tesla's cheaper vehicles.

When Musk said he'd step back from DOGE, Ives called it "music to the ears of Tesla shareholders."

In Ives' latest note, the analyst wrote that it was time for the board to "take the bull by the horns."

Ives maintained Tesla's "outperform" rating.

Musk did not respond to a request for comment.

• The US Army is closing five equine programs to save $2 million annually.
• The five programs are all ceremonial units, but the Army could maintain recreational equines.
• Poor equine welfare and lack of veterinary resources may have contributed to the decision to downsize.

The US Army is axing almost all of its horse programs. But while some lament the blow to the service's cavalry history in exchange for $2 million in savings a year, the move may be wise considering the long-standing problems of poor equine welfare.

"I'm torn," an Army veterinarian familiar with the programs told Business Insider of the disbanding. "I think overall it's a relief, since there just aren't the veterinary resources available to take care of the horses properly."

"On the other hand, I wish we could provide quality care and keep them," they said, speaking on the condition of anonymity because they were not authorized to talk to the press.

Starting this month, the Army will begin shuttering five military equine programs operating at Fort Irwin in California, Fort Huachuca in Arizona, Fort Riley in Kansas, Fort Sill in Oklahoma, and Fort Hood in Texas.

All of the units perform ceremonial duties, such as parade and rodeo performances and mounted color guard duties, military traditions rooted in Army cavalry history.

Citing "care and compassion" as the guiding light, 141 horses in those five locations will be transferred outside of the military, Army spokesman Steve Warren told reporters Tuesday morning.

Two ceremonial caisson units, which specialize in transporting service member caskets at military funerals by horse-drawn wagons, will continue to operate — one at Arlington National Cemetery in Virginia and another at Joint Base San Antonio in Texas.

Army equine issues spilled over into the public eye in 2022 after CNN reported multiple deaths among Arlington's horses, attributed to unsanitary living conditions and shoddy care. That report prompted an internal Army assessment of equine living conditions across the country, which found systemic problems related to equine healthcare rooted in a broad lack of equine understanding and poor funding.

The Arlington unit — one of the Army's most prestigious and revered postings — was shut down for almost two years for a serious overhaul in the wake of those findings.

After initially struggling to reform the unit, the service found multiple equestrian legends, including world-renowned carriage drivers and an Olympic gold medalist, to help rebuild the embattled program from scratch with input from the Royal Canadian Mounted Police and the British Royal Household Cavalry.

A new horse farm for the unit is in the works on top of a $30 million five-year budget approved last year that remains intact, said Lt. Col. Patrick Husted, a spokesman for the Army Military District of Washington, which oversees the unit.

"Sustaining our current budget is critical to the continued modernization of our caisson program, which encompasses personnel recruitment, herd acquisition, comprehensive training, equipment upgrades, and facility improvements," Husted wrote in an email to Business Insider.

Horses, especially those in performance programs such as military ceremonial units, require intense expert oversight often including personalized diets, custom-fitted saddles and harnesses, and advanced physical care that can include expensive water-treadmills or chiropractic treatments.

But such transformation seems to be limited to Arlington's horses, one of the Army's most public-facing units, which returned from its hiatus only recently. The Texas caisson program, meanwhile, does not appear to have undergone extensive reform like that of Arlington's. And it is unclear whether recreational equine programs that are set to remain have improved their equine care.

Nearly every Army equine unit was noted in the service's internal 2022 equine welfare report for subpar facilities and mismanagement.

Even for those non-ceremonial equines, the quality of care should exceed what most people determine to be sufficient, experts say, including things like routine specialized hoof maintenance by professional farriers, a role previously filled by soliders.

Neither the Air Force nor Navy appear to maintain ceremonial equine units.

The Marine Corps maintains two equine units— one at its Bridgeport, California Mountain Warfare Training Center, where troops learn how to use equines as wartime pack animals, and another in Barstow, California with a dozen horses dedicated to ceremonial purposes.

Laurie Pearson, a spokesperson for Marine Corps Logistics Base Barstow, told BI that the Marines' mounted color guard does not plan to be disbanded.

"The USMC Mounted Color Guard is the last such unit in the Marine Corps," Pearson wrote in an email to BI. "They are a part of a robust Community Relations Program and Marine Corps recruiting efforts."

It is unclear whether the Marines' two equine units have undergone recent external equine assessments.

• The Supreme Court cleared the way for Trump to fire thousands of federal employees.
• A lower court had blocked the Trump administration from carrying out layoff plans.
• Ketanji Brown Jackson dissented from the Tuesday decision.

The Supreme Court on Tuesday issued an order that will effectively allow the Trump administration to proceed with plans for widespread layoffs at federal agencies, which could lead to the loss of tens of thousands of jobs.

In February, President Donald Trump signed an executive order aimed at enacting a "critical transformation of the Federal bureaucracy" as part of DOGE. That order called for "large-scale reductions in force" across the federal government.

Several advocacy groups, local governments, and unions, including the American Federation of Government Employees, challenged that order in April.

A federal judge in California then issued an order in May blocking the administration from carrying out reductions in force, which the Supreme Court lifted on Tuesday.

The court said in the unsigned opinion that it was taking "no view" on the substance of the Trump administration's layoff plans, and it's possible that the court could rule on their legality in the future.

In the meantime, Trump's reshaping of the federal bureaucracy will be allowed to proceed.

Associate Justice Ketanji Brown Jackson wrote the sole public dissent in the case, calling the decision "hubristic and senseless."

"While the President no doubt has the authority to manage the Executive Branch, our system does not allow the President to rewrite laws on his own under the guise of that authority," Jackson wrote.

The coalition of groups who sued the administration called the decision "a serious blow to our democracy."

"This decision does not change the simple and clear fact that reorganizing government functions and laying off federal workers en masse haphazardly without any congressional approval is not allowed by our Constitution," the groups said. "While we are disappointed in this decision, we will continue to fight on behalf of the communities we represent and argue this case to protect critical public services that we rely on to stay safe and healthy."

• Sean "Diddy" Combs is hoping for zero jail time when he is sentenced on October 3.
• But prosecutors want the judge to weigh violence and drug evidence for which he was acquitted.
• They say they'll submit a list of "offense conduct" to federal probation officials by Friday.

Federal prosecutors say they are spending this week making a list of all the ways Sean "Diddy" Combs is a criminal — including some offenses he has been acquitted of — to use against him at his October 3 sentencing.

Prosecutors are drafting a confidential, so-called "summary of offense conduct" they say they'll submit to federal probation officials by Friday, according to a pre-sentencing schedule approved by the judge on Tuesday.

It's promising to be a long list, full of drug use and domestic violence that Combs has been acquitted of as elements of the unsuccessful sex trafficking and racketeering charges, but which he has also admitted to repeatedly since the start of the trial.

More than a dozen prosecution witnesses described violence and drug use during the two-month trial.

"Sean Combs has a temper, and when he drank, or when he did the wrong drugs, he would get violent — my client is not proud of that," defense lawyer Teny Geragos told jurors in May 12 opening statements.

But "domestic violence is not sex trafficking," Geragos told the jury repeatedly.

The defense "mea culpa" appears to have worked. Jurors apparently did make the distinction, convicting him only on two transporting for prostitution counts.

Combs was acquitted of top counts that alleged he essentially ran his businesses as a mob boss, and that he used drugs and violence to coerce two girlfriends into years of "freak offs," sexual performances with male escorts.

But these defense drug and violence admissions, strategic during trial, may come back to haunt Combs at sentencing, according to defense attorneys and former prosecutors.

These experts told Business Insider that judges can consider prior bad acts — even acts that resulted in acquittal — in sentencing, especially when the defendant has admitted to them.

Combs faces anywhere from zero jail time up to 20 years in prison on the two prostitution charges. Prosecutors said last week that they may seek somewhere in the four-to-five-year range, but warned that those numbers will very likely be revised upward.

"They're going to go full blast," defense attorney and former prosecutor Michael Bachner predicted of prosecutors on Tuesday.

"They can say the defendant is somebody who was admittedly a violent individual," he said.

"And they can also bring up his prior arrest record," said Bachner, who was part of the defense team that won gun possession and bribery acquittals for Combs and a former bodyguard in a 2001 trial in state court in Manhattan. Probation officials will use the defense list in drafting a pre-sentencing report that will recommend an amount of jail time, the former prosecutor said.

Prosecutors will have to ask the judge to consider acquitted conduct if they hope to win anywhere near a 20-year, maximum sentence, former federal prosecutor Nadia Shihata, who prosecuted the R. Kelly sex trafficking case, told BI after the verdict.

The judge can decide if there was a preponderance of evidence proving those acquitted crimes, she told BI.

"If so, 20 years is more likely," she said, adding that she believes the ultimate sentence will be far less.

Combs has remained behind bars since his arrest in mid-September.

After Wednesday's verdict, US District Judge Arun Subramanian denied Combs' fourth request for bail, a decision that left the rap mogul in a federal jail in Brooklyn.

Combs will remain jailed at least until October 3, the current date for his sentencing.

The jury found that Combs knowingly arranged for R&B singer Cassie Ventura and a later girlfriend, who testified pseudonymously as "Jane," to crisscross the country for drug-fueled hotel sex sessions.

Agnifilo had asked after the verdict that Combs be released on $1 million bail and allowed to live at his homes in Miami and Las Vegas while awaiting sentencing. He argued the conviction on the more minor charges didn't warrant being held without bail.

But the judge agreed with lead prosecutor Maurene Comey, who argued that Combs faces significant jail time and remains a threat, as a trio of federal judges has found in denying bail in the weeks after his arrest.

Combs continued to break the law last year after his homes were searched when he knew he was under investigation, the judge said.

Combs has admitted, through his lawyers, to domestic violence and drug use, the judge said.

"You, full-throatedly in your closing argument, told the jury that there was violence here," the judge told lead attorney Marc Agnifilo in denying bail on Wednesday.

"And domestic violence is violence."

• The Houthis launched back-to-back attacks on commercial ships in the Red Sea over the past few days.
• One attack caused a ship to sink, while the other killed and injured several crew members.
• The incidents follow a period of relative calm and risk drawing in US forces again.

The Iran-backed Houthis have restarted their Red Sea attacks after months of relative calm, with two fresh assaults that sank a commercial vessel and killed several crew members on another ship.

Operation Aspides, the European Union's defensive counter-Houthi mission, blamed the rebels for an attack on Monday against the Eternity C, a Liberian-flagged, Greek-owned cargo vessel. It marks a major escalation that could reignite the Red Sea conflict.

An Aspides official told Business Insider that four speedboats carrying armed personnel approached the vessel and fired on it with rocket-propelled grenades. They said the Houthis also used uncrewed aerial vehicles, or drones, against the Eternity.

The attack killed three crew members and injured at least two others, and left the Eternity adrift in the Red Sea, the official said Tuesday. It marked the Houthis' first deadly assault on shipping this year. Several civilians were killed in 2024 attacks.

The Houthis have not yet claimed responsibility for the attack, but the US Embassy in Yemen, which operates out of Saudi Arabia due to security concerns, called it the rebels' "most violent attack to date" and said they are "once again showing blatant disregard for human life."

Publicly available tracking data showed the Greek-owned Eternity C off the coast of Yemen as of Monday.

The attack on the Eternity C came a day after a separate attack on the Magic Seas, another Liberian-flagged, Greek-owned cargo vessel.

The British military's United Kingdom Maritime Trade Operations, the UKMTO, reported an attack against a vessel on Sunday by small boats that opened fire with small arms and RPGs. A Houthi spokesperson later said the rebels used missiles and drones in their assault on the Magic Seas, scored a direct hit, and sank it.

The European Union said the attack "endangered the lives of the crew, who had to be evacuated, and risked a major ecological disaster in the region, as the vessel is currently drifting and at risk of sinking."

"It is the first such attack against a commercial vessel in 2025," the EU said in a statement on the situation, calling it "a serious escalation endangering maritime security in a vital waterway for the region and the world."

On Tuesday, the Houthis published footage showing them appearing to detonate explosives onboard the abandoned Magic Seas, which took on water and slipped under the water. It's the third ship that the rebels have sunk.

The dual attacks using small boats and small arms reflect notably different tactics for the Houthis compared to their traditional operations. Between October 2023 and December 2024, the rebels routinely used drones and missiles to attack civilian and military ships in the Red Sea and the adjacent Gulf of Aden.

The US and NATO deployed warships to the region to defend the vital maritime routes from the Houthi attacks, which the rebels have stated are in response to Israel's ongoing war against Hamas. Aspides said the Eternity did not request any escort or protection ahead of the ill-fated Red Sea transit.

The Houthis were relatively quiet during the first half of the year. In March, the US military began a weekslong bombing campaign against the Iran-backed rebels in Yemen, and American forces struck over 1,000 targets in a matter of weeks. The Trump administration reached a ceasefire with the Houthis in May, bringing an end to what was called Operation Rough Rider.

However, the agreement only prevented the Houthis from attacking US ships. The rebels have continued to fire long-range drones and missiles at Israel in recent weeks. Israel's military retaliated on Sunday with airstrikes against Houthi infrastructure across Yemen.

The Houthis' ability to continue attacks against Israel and the latest Red Sea operations suggest that the group still retains some military capabilities, despite the intense US bombing campaign. Renewed tensions could risk drawing US naval forces — which have expended hundreds of missiles and bombs fighting the rebels — back into the conflict.

• Stars like Tom Cruise, Robert Downey Jr., and Scarlett Johansson have brought in billions at the global box office.
• The highest-grossing actors all starred in at least one major franchise.
• See which actor is No. 1 on the list.

The actors who make the most money at the worldwide box office all have one thing in common: longevity.

Actors like Tom Cruise and Robert Downey Jr. have reinvented themselves over the decades, morphing from self-serious actors to major box office draws. Others like Scarlett Johansson and Zoe Saldaña may not have been working quite as long as Cruise and Downey Jr., but have systematically navigated their careers to land leading roles in box-office goliaths.

But whether they're attached to Marvel hits, doing death-defying stunts on impossible missions, battling dinosaurs, or driving cars fast (furiously), these actors have cracked the code of what audiences want — and they have the box office stats to prove it.

Here are the all-time top 10 highest-grossing actors at the worldwide box office, according to figures from The Numbers.

10. Chris Evans — $11.42 billion

As Captain America, Evans is attached to some of the biggest box office earners of all time, including 2019's "Avengers: Endgame," which is the second-highest-grossing movie of all time at the worldwide box office with over $2.7 billion.

Since then, he's shown up in box office hits like "Free Guy" (just a quick cameo, but it still counts) and 2024's "Deadpool & Wolverine."

9. Dwayne 'The Rock' Johnson — $11.44 billion

Since going Hollywood in the early 2000s after a sensational pro wrestling career at the WWE, Johnson has gradually built up his box office tally. But the ticket sales got as big as his biceps when he joined the "Fast and Furious" franchise with 2011's "Fast Five."

Along with helping "Fast" entries like 2015's "Furious 7" and 2017's "The Fate of the Furious" each earn over $1 billion at the worldwide box office, he's also scored other big hits like the "Moana" and "Jumanji" franchises.

8. Vin Diesel — $11.9 billion

As the star in all 10 movies in the "Fast" franchise, Vin Diesel is a major part of its over $7 billion take.

Diesel has also scored big as the voice of Groot in the "Guardians of the Galaxy" franchise.

7. Chris Hemsworth — $12.1 billion

As the face of the Thor franchise, Hemsworth has helped it earn close to $3 billion at the worldwide box office. As a member of "The Avengers" franchise, he's also been a part of the close to $8 billion those movies have grossed.

Most recently, he starred in the hit "Furiosa: A Mad Max Saga."

6. Tom Cruise — $12.6 billion

Regarded as one of the last true movie stars, Cruise was topping box office charts long before most on this list had their first screen credit.

Now in his 60s, Cruise is proving he's still got it as the latest (and perhaps final) "Mission: Impossible" movie, "The Final Reckoning," is going strong in theaters, earning half a billion dollars worldwide. That adds to its already impressive tally of close to $5 billion for the eight-movie franchise.

There's also talk of a third "Top Gun" movie after the franchise was revived in 2020 with "Top Gun: Maverick," which brought in $1.4 billion.

5. Chris Pratt — $14.1 billion

Who knew the jokester from "Parks and Recreation" would become such a huge box office draw?

From playing Star-Lord in the "Guardians of the Galaxy" movies (and several other Marvel releases), a lovable Lego figure in the "The Lego Movie" franchise, the hero in the "Jurassic World" movies, and the voice of Mario in "The Super Mario Bros. Movie," Pratt's hard work has paid off.

4. Zoe Saldaña — $14.2 billion

This recent Oscar winner has been on a box office hot streak for years.

Between playing Uhura in the "Star Trek" franchise, Gamora in the "Guardians of the Galaxy" movies, and Neytiri in the epic "Avatar" films, Saldaña's role choices have been impeccable.

3. Robert Downey Jr. — $14.3 billion

Believe it or not, there was a time when Hollywood wanted nothing to do with Robert Downey Jr.

In the early 2000s, Downey Jr.'s years of drug use and brushes with the law caught up with him. After spending a year at a court-ordered drug-treatment facility, he was broke and virtually unhireable.

Then he got the offer that led to his comeback: the titular role in 2008's "Iron Man."

With that, Downey Jr. became the face of the lucrative Marvel Cinematic Universe, which has grossed over $31 billion worldwide to date.

After ending his run as Iron Man with 2019's "Avengers: Endgame," the second-highest-grossing movie of all time, he's returning to the MCU as the villain Doctor Doom for the upcoming "Avengers: Doomsday."

2. Samuel L. Jackson — $14.6 billion

If there has ever been a blueprint for success in the modern-day movie business, it would be Sam Jackson's filmography.

From "Star Wars" to the MCU to Pixar's hit "The Incredibles," the actor has been a staple of box-office sensations for decades — and let's not forget all the memorable roles he's played in movies from Spike Lee and Quentin Tarantino.

This is why he was No. 1 on this list for so many years, until…

1. Scarlett Johansson — $14.8 billion

As the face of the latest hit movie in the "Jurassic Park" franchise, "Jurassic World Rebirth," which took in over $300 million worldwide over Fourth of July weekend, Johansson has surpassed Jackson to become the highest-grossing actor of all time.

Since showing up as Natasha Romanoff/Black Widow in 2010's "Iron Man 2," Johansson has upped her box office game.

Along with being a fixture in the MCU as a member of The Avengers, she also found big box office dollars starring in movies like "The Jungle Book" and "Sing."

After conversations with both Volodymyr Zelenskyy and Vladimir Putin, Donald Trump says the US is going to send more weapons to Ukraine.

• Travel blogger Nicole Sunderland has visited every US state, with repeat trips to some favorites.
• On her blog, she spotlights luxurious hotels and cruises but also loves exploring locally in the US.
• Nevada, Arizona, and Virginia are among her favorite states.

Nicole Sunderland first caught the travel bug over two decades ago when she sold magazines door to door around the country.

In 2004, she found a job ad in a newspaper that read, "Looking for fun in the sun?" with a phone number.

"I was like, 'This is so me, whatever it is,'" Sunderland told Business Insider.

The next day, she called the number, and the day after, she was on a Greyhound bus from Orlando to Islip, New York, with a new job as a traveling sales representative that helped kick-start her travel adventures.

"That was kind of my introduction into both sales and traveling the US and really getting to see how people live and operate all over the country," said Sunderland.

Today, she is a travel blogger with a million Instagram followers who has not only traveled to every US state — some of which she's been to multiple times — but also toured around the world widely.

Although most of her recent work spotlights opulent hotels, cruise stays, and international luxury travel experiences, she periodically revisits her favorite states to explore new spots.

"My goal is to visit at least five places in the US that I have not been to before because I want to continue exploring more of the US," Sunderland told BI in an interview last year.

Here are five states she's been to that she hopes to revisit.

Nevada

"It shocks people when I tell them this, but I've been to Las Vegas 25 times and am not really a gambler," said Sunderland.

Instead, her love for Sin City stems from its incredible culinary scene.

"Every time I go, there are new restaurants, and I always find things to do in the city that I've never done before," she said.

She said she's stayed in almost every luxury resort in the city — like the Sahara, where she once paid $19 for a night's stay — and even in hotels that no longer exist, but every time she visits, she feels as though she's had a whole new experience.

Some spots she loves to go back to include "the Neon Sign Museum, which has signs from all of the old buildings and hotels that no longer exist. It's like a graveyard," she said.

She also always makes a trip out of town to see Valley of Fire State Park, which is about an hour outside the city.

"It's so beautiful out there. It looks a lot like Sedona," she said.

Arizona

Arizona's vast and diverse landscape is home to some of the most beautiful natural wonders.

In a 2017 blog, Sunderland wrote, "I think I have decided that desert is my new favorite landscape," after a weekend visit to Scottsdale and Sedona.

Years later, she still considers it one of her most memorable trips. "Scottsdale is one of my favorite cities," she said.

Situated in the eastern part of Maricopa County, the city is a recent luxury travel hot spot and home to some of the wealthiest people in the country. AZ Central reported in 2024 that about 14,600 of the 243,000 residents are millionaires, and five are billionaires.

But Sunderland loves the palm-tree-lined town for its quaint coffee shops, artisanal bakeries, and boutique shopping experience.

She also loves cruising through Sedona, Page, and the Grand Canyon South Rim when visiting the state.

New Mexico

The southwestern state is known for its natural wonders, historical sites, and, in Sunderland's opinion, "its fabulous food."

"The food in Santa Fe is incredible," said Sunderland, who, on her first visit to the city, found the food a little too spicy for her tastes but still found plenty of other mouthwatering alternatives.

She also loves visiting Albuquerque for its museums and artwork, but most importantly, for the International Balloon Fiesta, which takes place in October every year.

"I think the Balloon Fiesta is something everyone should experience once," she said, describing it as an event where hundreds of people gather during sunrise to watch about 500 to 800 balloons take flight.

"It is one of the most incredible things to see," she said.

Massachusetts

From sleek skyscrapers and skinny homes in Boston to sprawling mansions in the Berkshires, Massachusetts has a diverse mix of architectural styles on display.

But the state is also known for its coastal beaches, fresh seafood, and prominent universities.

"I love Massachusetts," Sunderland said, adding that she learns something new about the state and its history every visit.

Virginia

While Sunderland, who grew up in Michigan, now lives in Virginia, she said she travels so often that it's easy to overlook places closer to home, so she's committed to exploring it more extensively.

She loves that Virginia is home to all types of natural wonders: "Small towns, big cities, mountains, beaches, ski resorts, we have everything."

Her favorite places are "Alexandria, which is in Northern Virginia; then you've got Shenandoah National Park and Skyline Drive, which is one of the best fall drives in the country."

She also loves lounging by Virginia Beach on sunny days and is grateful for its proximity to DC, which she said is "kind of like a two-for-one trip if you can make it work."

This story was originally published in November 2024 and updated in July 2025.

• Billionaires and CEOs are arriving in Idaho for the annual Allen & Co. Sun Valley Conference.
• Dozens of private jets landed at the small-town airport on Tuesday morning.
• The summit is considered a billionaire summer camp because of the wheeling and dealing that takes place behind lodge doors.

Private jets have begun buzzing above the cattle and potato farms of Sun Valley, Idaho, for the annual Allen & Co. Sun Valley Conference.

For more than four decades, the Tuesday after July 4 has marked the kickoff of the annual summit, which has become known as billionaire summer camp. What started out as a media-focused conference for a few dozen guests has since expanded to include hundreds from all corners of the business world.

Between 160 and 190 aircraft — more than double the number of an average Tuesday — typically arrive at the Sun Valley Friedman Memorial Airport, shuttling CEOs and billionaires in from places like Aspen, Colorado, and Bozeman, Montana.

"That day — the entire week, for that matter, based on holiday travel, tourism season being in full swing, and the conference — makes it the busiest week of the year here in the Wood River Valley," Tim Burke, the director of the airport, told Business Insider over email.

This morning, after dozens of private jets touched down, the FAA said the airport was experiencing delays. The planes included one owned by investment firm Invemed Securities, likely carrying its founder, billionaire Ken Langone, a regular attendee of the conference.

Numerous other heavy hitters may be taking a page out of Apple CEO Tim Cook's book and opting for a charter plane to avoid jet-tracking websites. Over the past 24 hours, dozens of planes linked to private plane operators like NetJets and Flexjet have arrived at the Sun Valley airport.

Other guests expected to arrive include Meta CEO Mark Zuckerberg, Google chief Sundar Pichai, and Disney top brass Bob Iger, Variety reported. Some regular attendees including Oprah Winfrey and Warren Buffett, who announced his retirement plans in May, are reportedly not expected to attend this year.

The conference, which is entirely off-the-record and has a relaxed atmosphere, has become known for the dealmaking that takes place during power lunches behind lodge doors and rounds of golf. It's where the seeds for Disney's acquisition of ABC were planted, and it was pivotal in Comcast buying NBC Universal.

This year, AI talent wars, the state of the energy and defense industries, and Disney's succession plan will likely be among the most talked-about topics.

The current political climate, including tariffs and the Big Beautiful Bill, could also inspire plenty of discussion, especially with the politicians in attendance. Virginia Gov. Glenn Youngkin, former Commerce Secretary Gina Raimondo, and Maryland Gov. Wes Moore are reportedly on the guest list.

The event is organized by the boutique investment firm Allen & Company. Guests stay at the Sun Valley Lodge, where rooms run upward of $500 a night during peak summer months.

While there are several panels, there are many unstructured hours during which the masters of the universe can trade their sports coats in for activewear and play tennis, stroll through the woods, or hang out at local coffee shops.

• Employees aren't feeling great about their jobs these days.
• Worker sentiment dropped to its lowest level in at least nine years, Glassdoor said.
• The decline is driven by a weakening job market and anxiety over the economy, it added.

The vibes in the workplace haven't been this bad in years.

That's according to the latest reading of Glassdoor's Employee Confidence Index, which showed that 43.6% of workers had a positive outlook for their employer over the next six months, down from 44.4% of US workers who felt that way in May.

That reading reflects the worst employees have felt about their work since Glassdoor began conducting the survey in 2016, the firm said in a report on Monday.

Employee sentiment is also lower than it was in 2020, when COVID-19 slammed the world economy and spiked the unemployment rate in the US to a peak of 14.8%.

Employee confidence dropped the most in the last month among white-collar industries, the firm said in its report.

Employees in the legal sector reported the biggest year-over-year decline in sentiment, with the percentage of workers who said they had a positive six-month outlook dropping to 52.6%, down 11.2 percentage points compared to levels last year.

Employees in the energy, mining, and utilities industry and the government and public administration industry saw the second-largest year-over-year decline, with sentiment dropping 7.5 percentage points compared to the same month in 2024.

Here are the five industries where workers were the most pessimistic, according to Glassdoor's survey:

• Restaurants and food service: 35.6%
• Government and public administration: 36.1%
• Arts, entertainment, and recreation: 39.1%
• Pharmaceutical and biotechnology: 39.3%
• Manufacturing: 39.8%

The decline in sentiment has hit its lowest recorded level for two straight months. According to Daniel Zhao, the lead economist of Glassdoor, it reflects the "steady cooling" of the job market and growing anxiety over the economy.

"While the labor market hasn't collapsed, workers are clearly feeling the strain," Zhao said in a note, pointing in particular to mid-level workers. "As confidence erodes, the risk of turnover rises, particularly in white-collar industries still grappling with sluggish hiring and restructuring."

The job market has sent mixed signals over the last several months.

While the unemployment rate remained near historic lows and the economy added more jobs than expected in June, the private sector lost 33,000 jobs, according to the payroll processor ADP.

Claims for continued unemployment have climbed steadily higher over the last year. In the week ending June 14, continuing claims hovered around 1.9 million, the highest number since 2021.

• Comcast is getting rid of most of its cable TV channels. So is Warner Bros. Discovery.
• Now Disney and Hearst, who co-own the A&E cable TV group, are looking to do the same.
• Cable TV networks are declining, but they still generate profits, for now. The trick is figuring out what to do with them.

Do you watch shows on Lifetime, A&E, or the History channels?

No? OK. But would you like to own those channels?

That's the question Disney and Hearst, who co-own the A&E Global Media cable conglomerate, are asking potential buyers right now: They've hired a bank to shop the properties, according to people familiar with the companies.

And by doing so, A&E is now the third big media company to publicly put a "for sale" sign on cable networks in the last year. In December, Comcast announced that it was going to put most of its cable channels into a spinoff company, and in June, Warner Brothers Discover announced a similar split.

All of them are trying to dump cable for the same reasons: While cable TV networks are often still profitable businesses, they are aging and declining because their audiences are also aging and declining.

Reps for Disney and A&E declined to comment; I haven't heard back from Hearst yet. Variety first reported the news.

For the record: Just because A&E's owners have put it up for sale doesn't mean it will sell. And there could be lots of different permutations for a transaction. Maybe the A&E channels get rolled into another group of channels, like Versant — the name that Comcast has picked for its spin-off to be. Maybe a private equity firm will want some or all of the channels.

But it's certainly not surprising to see another big media company decide it wants out of cable TV. Disney CEO Bob Iger had already mused about hiving off some of his TV assets before walking that back. Now he's kind of doing it, after all.

If you wanted to, you could argue that Paramount owner Shari Redstone is also part of the trend, since she's dumping the entirety of her company, which used to be a cable heavyweight. (She's so eager to get out that she's willing to pay Donald Trump $16 million in the process.)

Fun footnote — back in 2016, A&E thought one answer to cable's shrinking, aging audience problem would be Vice Media, and did a deal with the then-buzzy digital media company to turn one of its channels into a Vice-branded network.

The theory: Young viewers who didn't watch TV but loved Vice would somehow become cable TV owners and start watching Vice on TV.

That didn't work, but the channel still exists. Any offers?

• Kate Middleton wore Dior at a public engagement for the first time on Tuesday.
• The ensemble celebrated France during Emmanuel Macron's visit to the UK.
• It also had ties to Princess Diana.

"It's Dior, darling," Kate Middleton likely thought to herself as she looked at her outfit on Tuesday.

Prince William and the Princess of Wales welcomed Emmanuel Macron and his wife Brigitte Macron to the UK on Tuesday for a state visit.

Kate, 43, stepped out of her fashion comfort zone for the occasion, forgoing her favorite designers, Catherine Walker and Alexander McQueen, in favor of a pink Christian Dior ensemble.

Kate has never worn Dior at a public event before, and making her debut in an outfit from the French fashion house as she greeted the country's president was a savvy diplomatic move.

Plus, the princess's outfit was full of hidden details that made it stand out even more.

Kate Middleton's Dior debut

The star of Kate's outfit was a 30 Montaigne Rose Des Vents Bar Jacket from Dior's 2024 collection.

The brand's Bar Jackets have been iconic since Christian Dior first designed them in 1947. Maria Grazia Chiuri created the reimagined version Kate wore on Tuesday. Chiuri became Dior's first female creative director when she took on the role in 2016, and she announced in May 2025 that she would be stepping down.

Kate paired the jacket with a midi-length tulle skirt in the same shade that flared out around her calves, offering a royal spin on the balletcore trend. Although blush versions of the products aren't available on Dior's website, the jacket retails for $5,000 in three colors, while the skirt comes in white and black for $4,600.

Kate kept her monochromatic look going with a bespoke hat from Jess Collett Milliner, a UK-based hat designer, and a Mulberry clutch, both of which were the same blush color as her jacket and skirt. She also added $795 Gianvito Rossi pumps to the look.

Royal roots

Kate completed her outfit with pearl jewelry that previously belonged to other royals.

Queen Elizabeth frequently wore the three-strand pearl necklace Kate sported on Tuesday, and the Princess of Wales was first spotted wearing it in September 2022 in the wake of the queen's death, as Town & Country reported.

Kate paired the necklace with Princess Diana's pearl drop earrings, which she also wore to a remembrance service in 2021.

Diana's earrings were a particularly appropriate accessory for her Dior ensemble, as Diana became a muse for the fashion house in the 1990s.

For instance, she attended the 1996 Met Gala, which celebrated Christian Dior, in a gown custom-designed by John Galliano, fresh off her finalized divorce from then-Prince Charles.

The navy slip dress made quite a statement for the royal, as it was inspired by lingerie and featured lace detailing on the neckline.

Likewise, Diana was given a Dior bag in 1995 by Bernadette Chirac, the first lady of France at the time. She went on to tote several versions of the bag to royal engagements before her death. Dior renamed the bag "Lady Dior" in her honor.

Kate continued Diana's legacy with her ensemble on Tuesday, stepping into her tenure as Princess of Wales even more firmly.

• My husband and I moved from San Diego to the Czech countryside five years ago.
• I expected some changes, but was shocked to find that work culture is completely different here.
• Now, I never work overtime, I'm encouraged to take PTO, and I get to enjoy more time with my family.

After getting my first full-time journalism job at 19 years old, I fell into a pattern: work, get promoted, work harder, repeat … up until retirement.

Although I'd grown up living all over, I spent most of my working adulthood in the US, where this attitude felt like the norm.

Then, after eight years of living in San Diego, I received a job offer that brought me and my husband to the Czech countryside.

I expected to experience some culture shock. What I didn't expect was a complete shift in my perspective around work and ambition.

When I lived in America, the workday never felt 'over'

For most of my life, work never stopped when the clock struck 5 p.m. I felt that once I left the office, I had a responsibility to keep track of emails and chats for the rest of the day.

Staying up-to-date with work at all hours, and at the expense of other parts of my life, felt like something I had to do in order to get promoted.

I experienced this at several different jobs in America, and friends often echoed the same sentiment. If I didn't jump in to help out with extra hours, I'd often receive negative feedback.

So, I was shocked when I moved to the Czech Republic and noticed everyone — from my coworkers to new friends in other industries — firmly signing off at the end of the day.

After years of working extra hours for no additional compensation, I struggled to adapt to a new normal: putting away my work for the day. My coworkers would clock out, grab drinks with friends, and forget about their jobs.

But still, I'd leave work at the end of the day, reaching for my phone, only to find no new emails or messages — or, if I did, a clear caveat saying, "Don't read this until you get in."

Here, taking time off doesn't feel like a rare luxury

I came to Europe knowing that many countries offered ample time off. In fact, the mandatory minimum of 20 vacation days in the Czech Republic was a huge draw.

What I didn't expect? How easy it would be to take that time off.

After years of working in the US, I was accustomed to requesting time off, then having it denied. Even scheduling a doctor's appointment without affecting my coworkers' workload was a difficult endeavor.

The first time I requested vacation time in the Czech Republic, my manager asked me, "Why are you asking me if you can take the time off? If you have the days, just pop it into the calendar."

Since moving to Europe, I've never had paid time off disputed or questioned. Having at least four paid weeks off a year is amazing, and makes me question how I ever lived with just 10 days off in the US.

Now, I work to live, not live to work

When I first moved to the Czech Republic, I felt the need to put in extra hours and jump online during my off-hours just to "check in." But after six years of living here, my mentality's shifted.

Taking care of myself in order to prevent burnout, something I'd never thought about much before, started to become a priority.

Dedicated family time is a huge part of Czech culture, and now it's become part of my routine, too.

My husband and I will take our dogs on long walks in the park every day after work and cook dinner together — something we never had time for before.

One of the reasons we love the Czech Republic is the emphasis on slow living; people care more about enjoying their lives.

On Saturdays and Sundays, when all the shops in my village close early, I don't complain. Instead, I relish the opportunity to take a walk, read a book, or garden.

Living in the Czech Republic hasn't made me any less ambitious, but it has taught me to prioritize what's truly important in life.

I still work hard, but now, time with my family and my mental health mean more to me. My newfound sense of work-life balance means more post-work drinks and laughter with friends … and far fewer emails.

• Germany said a Chinese warship used a laser against one of its surveillance aircraft above the Red Sea.
• The aircraft, supporting Europe's counter-Houthi mission, landed safely at a base in Africa.
• China has been accused of pointing lasers at military planes and ships several times in recent years.

A Chinese warship used a laser against a German surveillance aircraft that was conducting operations above the Red Sea, Berlin said on Tuesday.

Though an unusual occurrence in this waterway, the US and its allies have repeatedly accused China's military of using lasers to flash aircraft and ships in the Pacific.

A German defense ministry spokesperson told Business Insider that the Chinese warship lasered the plane "without reason and without prior contact" during a routine flight above the Red Sea in support of Operation Aspides, the European Union's counter-Houthi mission.

The German aircraft, a multi-sensor platform that operates as a "flying eye," was providing surveillance of the area. The spokesperson said the flight was aborted out of precaution, and the aircraft landed safely at a base in nearby Djibouti on the Horn of Africa. Its deployment with Aspides has since resumed.

"By using the laser, the warship accepted the risk of endangering personnel and equipment," the spokesman said, noting the Chinese vessel had been encountered multiple times in the area.

In a statement on the incident, Germany's foreign office said endangering German personnel and "disrupting the operation is entirely unacceptable." It added that the Chinese ambassador in Berlin was summoned to the federal foreign office.

The defense ministry spokesperson said that Germany has been using the surveillance aircraft in support of Operation Aspides since October 2024. The platform is operated by a civil-commercial service provider without military personnel and is used to collect reconnaissance data and provide situational awareness for the European forces involved.

The Chinese defense ministry did not respond to a request for comment.

Tuesday's incident is the latest in a long string of accusations involving Chinese lasers and foreign aircraft and ships. The US has characterized its behavior as "dangerous."

In 2018, the US accused China of injuring pilots by using lasers to interfere with military aircraft in Africa. The Pentagon said two years later that one of Beijing's warships targeted its surveillance plane above the Pacific Ocean with a laser.

In 2022, Australia condemned China's behavior, accusing it of shining a laser at one of its surveillance aircraft. Australian helicopter crews previously reported being targeted by lasers in the South China Sea. The Philippines has also raised concerns, accusing a Chinese Coast Guard vessel of using a laser against one of its own ships.

Military-grade lasers can damage equipment, negatively affect aircraft flight operations, and put aircrews in danger. The US and its allies have also accused China of engaging in dangerous intercept practices, such as unsafe maneuvers in close proximity to aircraft or releasing flares or chaff in the flight paths of planes and helicopters. There have also been warship incidents. These "unsafe and unprofessional" incidents have been documented in waterways like the South China Sea and Taiwan Strait.

• Carnival Cruise Lines denied reports circulating online that DJs aren't playing hip-hop.
• A spokesperson also said a graphic of supposedly new rules making the rounds on TikTok is false.
• TikTok recently announced a feature similar to community notes, but is keeping fact-checkers.

You can still dance to rap on Carnival Cruise Lines, but your social media feed might indicate otherwise.

The cruise line has responded to claims circulating online that DJs aren't including hip-hop music in their sets or honoring song requests, with some social media users saying the alleged move is racially motivated. Matt Lupoli, the senior manager for public relations, denied the allegations.

"Unfortunately, certain media outlets have blown this matter out of proportion," Lupoli told BI in a statement. "We have always had a wide variety of entertainment options and for the last several years we have communicated our expectations about guest behavior."

It's not just the music claims — two notices about Carnival have also been making the rounds and fueling misinformation.

A snapshot of safety guidelines from Carnival was posted on social media in June and includes a curfew for minors, a ban on handheld drinks and fans on dance floors, and a prohibition on radios. Some online criticized the supposedly new rules — but Lupoli said that though the snapshot is authentic, those rules rules have been in place for more than two years.

A video from Carnival posted in February 2023 outlines some of the rules. Lupoli told BI that the only recent addition is a prohibition on "clack fans," which are handheld fans that make a loud sound.

To make matters more complicated, another graphic circulating on TikTok is entirely fake, Lupoli told BI. It reads "Effective June 2025" across the top and lists some of the same rules. Versions of the fake graphic include typos— minors must follow curfew unless they're with an "ault" and "solo cruslers must be 21+ or sall with someone 25+" — but nonetheless got significant pickup online.

Some TikTok users also said that Carnival implemented a 15-drink daily limit on its "Cheers!" drink package, and ramped up enforcement. Lupoli told BI that the limit has existed for years.

A Pew survey last year found that American adults are less concerned about disinformation on TikTok compared to other social media platforms. Of those surveyed, 71% reported seeing inaccurate news on TikTok "sometimes" or "extremely or fairly often," compared to 76% on Instagram, 84% on Facebook, and 86% on X.

In April, TikTok announced that it's piloting a new feature called "footnotes," which are similar to the community notes on other social media platforms. The feature lets users add context to videos and is first being trialed in the US. Unlike Meta and X, TikTok is not getting rid of professional fact-checkers.

Earlier this year, TikTok made changes to its US Content Advisory Council, adding three new members with libertarian or conservative backgrounds. One of them co-authored a blog post for the Cato Institute, a libertarian think tank, that argued, "The First Amendment does protect misinformation and hate speech."

TikTok is still trying to find a US owner to comply with a divest-or-ban law. Multiple bidders have emerged, and the app might end up selling to a group of US investors.