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Jimmy Butler’s suspension and possible trade: What we know and don’t know

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Jimmy Butler‘s six-season tenure with the Miami Heat appears to be nearing its end. Butler, who led Miami to the NBA Finals in 2020 and 2023, was suspended by the team Friday for “conduct detrimental to the team,” one day after indicating to the Heat that he would like to be traded.

Butler, who arrived at training camp this season with a declaration of “no shenanigans,” had scored only 18 points combined in the past two games after sitting out the previous five because of an illness. ESPN’s Shams Charania reported on Dec. 10 that the Heat were listening to offers on Butler and then on Dec. 25 that Butler preferred a trade out of Miami.

The situation escalated to a point that after Thursday’s loss to the Indiana Pacers, Butler said he wanted to find his joy again on the court. When asked if he could do that in Miami, he answered “probably not.”

ESPN insiders Tim Bontemps, Bobby Marks, Kevin Pelton and Brian Windhorst look at how the situation between the six-time All-Star and the franchise he has played for since 2019 got to this point, why a trade might not be as easy as it seems and what Butler could bring to a contender.

How did Pat Riley go from vowing not to trade Butler to a seven-game suspension with the Heat now listening to trade offers?

Butler’s tactics to force Miami’s hand and reverse its stance have appeared to work in the short term. The Heat didn’t fully articulate all the components of what they felt was his “conduct detrimental” that led to the suspension, but Butler clearly wanted to be traded and took measures to get the Heat to come to the same conclusion. His lackluster play the past two games after sitting out five because an illness are probably on the list. In the short term, this play by Butler will cost him $2.35 million in salary but he could eventually win some or all of it back through a planned players’ union grievance. — Windhorst

How have Riley and the Heat handled similar situations in the past?

Riley has never been afraid to say no to star players or walk away from them when he doesn’t want to pay them. Tim Hardaway, Alonzo Mourning, Dwyane Wade all left to sign elsewhere at various points. He traded Shaquille O’Neal and Shawn Marion, among others, when he wanted to pivot the franchise. Now Butler will be on that list. Riley has always been able to acquire major talents, and that reputation has always emboldened him to play hardball. — Windhorst

This isn’t the first time Butler’s tenure with a team has ended poorly. What happened in Chicago, Minnesota and Philadelphia?

Each of those situations were different. Chicago refused to give Butler a max contract and traded him to Minnesota for a package of young players and draft picks.

The Minnesota situation was very similar to this one: Butler was unhappy with his contract and requested a trade. But there was one massive difference: Butler had just turned 29, not 35. He eventually was sent to the 76ers for Dario Saric, Robert Covington, Jerryd Bayless and a second-round pick.

Then, after one season in Philadelphia, the 76ers essentially chose to pay a combination of Tobias Harris, Josh Richardson and Al Horford over Butler and sent him to Miami in a sign-and-trade during the summer of 2019. — Bontemps

Can the 7-game suspension be extended? Have previous players been suspended this long for similar standoffs?

The suspension includes Saturday’s home game against the Utah Jazz and the upcoming six-game trip. It’s clear Riley is sending a message that he does not want Butler around the team right now. The unknown is what happens when the suspension ends ahead of Miami’s Jan. 19 home game against the San Antonio Spurs.

Unless Butler is considered to violate the conduct detrimental policy in his contract from the time the suspension starts, Miami cannot extend the suspension to include more games. Because the suspension is by the team and not the NBA, the Heat will not receive luxury tax savings.

Butler is not the only player in the past three seasons to be suspended by his team. In November 2022, the Brooklyn Nets suspended guard Kyrie Irving eight games for being “unfit to be associated” with the team after the guard failed to say whether he held antisemitic beliefs. — Marks

How much will Butler be fined and can a grievance be filed?

Butler is being fined $336,543 for each of the seven games missed. The amount equals 1/145 of his $48.8 million salary, totaling around $2.4 million. Butler has 30 days to file a grievance, and the amount fined will sit in an escrow account until the situation is resolved. The grievance process could take up to a year. The NBA Players Association issued a statement late Friday that the suspension was excessive and inappropriate.

Which teams could actually trade for him?

Butler asking to be traded and the Heat now listening to offers does not change the challenges of finding the former All-Star a new home. The combination of Butler’s $48.8 million salary this season and nearly a third of teams not allowed to take back more salary in a trade makes any potential deal complicated.

Three out of the four teams on Butler’s preferred list — the Dallas Mavericks, the Golden State Warriors and the Phoenix Suns — would need to trade a quarter of their roster. The Suns would need to have Bradley Beal waive his no-trade clause. Sources told ESPN, that the Heat have no desire to take back the $110 million owed to Beal and that Phoenix would need to find a third team. The Warriors and Mavericks probably would need to find a third or fourth team to reroute some of the contracts sent out.

The Heat also are not allowed to take back more salary because they are an apron team. — Marks

Could Butler help a contender this season and in the future (if he were to re-sign with that team)?

That depends on how much Butler benefits from rediscovering the joy in basketball with another team. Butler’s 17.6 scoring average is his lowest since 2013-14, the season before he won Most Improved Player and was voted an All-Star for the first time, but there’s reason to believe Butler has more to give elsewhere.

Butler’s 21% usage rate is down substantially from last season’s 24%. At the same time, Butler is scoring more efficiently. His .648 true shooting percentage would be the best of his NBA career, narrowly ahead of 2023-24. And Butler’s 58% 2-point shooting is easily a career high, suggesting his scoring downturn is more about being selective than an inability to create shots.

Not only do Butler’s peripheral stats remain strong, we have ample evidence of “Playoff Jimmy” playing his best when the stakes are the highest. During Butler’s four playoff runs in Miami — before he sat out the Heat’s 2024 first-round loss to the Boston Celtics because of an MCL sprain — he led the NBA with 12.4 wins by my WARP (wins above replacement player) metric over that span.

During the regular season, Butler was just sixth in total WARP during the corresponding seasons. He produced 3.7 more WARP in the playoffs than we’d expect based on his regular-season performance. Only Denver Nuggets guard Jamal Murray was a greater playoff overperformer than Butler from 2020 through 2023.

At some point, Butler’s age (35) will undoubtedly take a toll, explaining Miami’s reluctance to offer him a max extension. Over the next three seasons, my SCHOENE projection system forecasts Butler to decline by about three wins in terms of regular-season value based on the development of similar players at the same age. Though Butler’s 2025-26 projection still puts him in the NBA’s top 20 players, by 2027-28 that forecast drops to 45th. — Kevin Pelton

What kind of extension is Butler looking for? What’s the most likely outcome ahead of the trade deadline?

Because of the league’s Over-38 rule, the maximum extension Miami could sign Butler is for two years, $112.6 million. That would replace his $52.4 million player option for next season with a new salary starting at $54.1 million. The second year would pay Butler $58.5 million when he is 37.

If Butler were traded, he would be eligible to sign a two-year, $111 million extension with his new team.

A trade demand by Butler and now suspension does not mean the Heat are mandated to make a trade. If Miami does not receive an offer of its liking, it can either let Butler walk in free agency if he declines his player option — or work together on a trade.

Butler, who will turn 36 in September, does not fit the roster timeline of the Brooklyn Nets, the only team that projects to have more than $40 million in cap space. — Marks

Are we sure he’ll be traded at all?

No. The way things played out with Paul George last season with the LA Clippers is a blueprint for how this situation could unwind over the next few months.

The longstanding paradigm in the NBA in these situations is that the team with a disgruntled player like Butler “has to get something” and trade him somewhere. But that was in a previous financial reality in which the league existed.

Under this far more restrictive collective bargaining agreement, the NBA is operating in what is much closer to a hard cap environment than it used to. So if the process of getting something in a deal requires a team to take back negative long-term salary, that can cause real problems for a club trying to pivot past such a deal in the future. That’s doubly true for the Heat, who remain one of the league’s most desirable destinations for players and want to have as much flexibility to acquire more high-end talent in the future.

That’s one of several reasons why the Heat, according to sources, are reluctant to take back long-term money in a Butler trade. Coupled with the trade restrictions that have made it hard for any big salaries to be moved across the league, sources are far from convinced a deal is guaranteed to happen in the next month. — Bontemps



This story originally appeared on ESPN

Matsuyama storms to 1-shot Kapalua lead after bogey-free round

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KAPALUA, Hawaii — Collin Morikawa has played Kapalua enough to know that trailing Hideki Matsuyama by seven shots early in the second round was no reason to panic. Sure enough, he nearly caught up to the Japanese star Friday at The Sentry.

Matsuyama played bogey-free on another gorgeous day on Maui with moderate wind, making seven birdies in a 10-hole stretch in the middle of his round and posting an 8-under 65 for a one-shot lead going into the weekend of the PGA Tour season opener.

Morikawa ran off five straight birdies in the scoring stretch late — only one of them longer than 5 feet — until his streak ended on the par-5 closing hole at the Plantation course with a 12-foot birdie putt that missed on the high side.

He also had a 65 and was expecting more of the same on the weekend. Conditions are prime for scoring, and The Sentry has the best players from the PGA Tour last year.

“When you look at the leaderboard, I’m through six holes and I’m even par and guys are lapping the field already,” Morikawa said. “But like I said, it’s not telling myself I’ve got to be patient. I just know this golf course, and I know at any point you can go on a little stretch of birdies, and I just had to keep playing my game.”

It was the eighth time Morikawa had 65 or better at Kapalua, the most of any player since 2020 when the two-time major champion made his debut.

Matsuyama went about his business, breaking into a big smile when he holed a 35-foot birdie putt across the green on the par-3 11th. He was at 16-under 130 with a pack of players lining up behind him.

“I’m definitely satisfied with where I am,” Matsuyama said.

Ten players were separated by three shots going into the weekend of the tournament that invites only PGA Tour winners from 2024 and the top 50 from the FedEx Cup.

Corey Conners of Canada and Thomas Detry of Belgium were among those at 14-under 132 thanks to big finishes of their own.

Conners holed a 40-foot eagle putt on the par-5 15th, followed with two medium-range birdie putts and two-putted from the front of the green on the 18th for another birdie and a 66. Detry was 6 under on the final six holes. He drove the green on the 306-yard 14th hole to 10 feet for eagle and had to settle for par on the 18th for a 65.

The field averaged 68.1, which was skewed slightly by Davis Riley posting the first 80 of the season. He made four straight birdies, a tough two-putt par and then took a 9 on the 17th hole with a lost ball to the right on one tee shot and a second tee shot into the left hazard. The margin of those misses was about the length of a football field.

Only four players failed to break par.

For everyone else, it was a case of taking aim at spots on the contoured greens that feed to the hole and cashing in with birdies.

Sepp Straka birdied every hole on the back nine until he hit what he considered his best shot, a 6-iron to 20 feet, only to miss the putt. He shot 65.

Eight players shot 64, a group that included Davis Thompson, who was 14 shots better than his first round of the year. Patrick Cantlay was 10 shots better with his 64.

“Now I need to do it again,” said Cantlay, who still was eight shots behind Matsuyama.

Among the group three shots behind was former U.S. Open champion Wyndham Clark, who birdied eight of his last 10 holes. Clark made the argument the low scoring was a product of the players, not the course.

“I don’t necessarily prefer this low, but at the same time, we make courses like this look easy,” Clark said. “To be honest, it’s not that easy. Typically, there’s a lot of wind here, and we didn’t have much wind today, so you’re going to have a lot of birdie looks and sometimes eagle looks.

“I’ve never really shot 20 under on the PGA Tour, so maybe I can break it this week.”

At this rate, that won’t be enough.

Ryder Cup captain Keegan Bradley also had a 64, marked by an eagle on the final hole and his two sons racing onto the fairway as he walked to the 18th green. Bradley has not ruled out playing in the Ryder Cup. But that’s a long way off.

“We’re two rounds into 2025,” he said. “So if we get to July and it’s looking like that, then we’ll start to talk, but for now I’m just going to keep playing my best.”



This story originally appeared on ESPN

Neil Young reverses decision on canceled Glastonbury performance

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Neil Young is back on the bill at Glastonbury.

Three days after announcing that he’d pulled out of a planned performance at this year’s edition of the venerable English music festival, the 79-year-old rock legend said Friday that the gig was “happily” back on his touring itinerary and that he and his collaborators “look forward to playing.”

Young had written Tuesday on his website that he and his band the Chrome Hearts “were told that BBC was now a partner in Glastonbury and wanted us to do a lot of things in a way we were not interested in. It seems Glastonbury is now under corporate control and is not the way I remember it being.”

On Friday, Young updated his post and blamed an unspecified “error in the information received” for his cancellation.

“What a start to the year!” festival organizer Emily Eavis wrote on Instagram shortly after Young’s announcement that he’d reversed his decision. “Neil Young is an artist who’s very close to our hearts at Glastonbury. He does things his own way and that’s why we love him.”

According to the Guardian, Young tussled with the BBC — which the paper said has partnered with Glastonbury for nearly three decades — when he headlined the festival in 2009 over how much of his set it could broadcast.

In March, Young put his music back on Spotify after pulling his catalog in 2022 to protest what he described as vaccine misinformation spread by podcaster Joe Rogan.

Young announced Friday that he’ll issue a previously unreleased album called “Oceanside Countryside” on Feb. 14. The LP was recorded in 1977 and features two sets of songs: one performed solo by Young and one performed with accompaniment by Ben Keith, Rufus Thibodeaux, Karl T. Himmel, Joe Osborne, Tim Drummond and the Band’s Levon Helm.




This story originally appeared on LA Times

Vybz Kartel Picks Drake Over Kendrick Lamar in Rap Beef: Here’s Why

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Vybz Kartel is adding his voice to the Drake vs. Kendrick Lamar debate — and he’s firmly on Team Drizzy.

While speaking to Billboard‘s Kyle Denis for a cover story published Monday (Jan. 6), the dancehall artist didn’t hold back when prompted to share his thoughts on rap’s biggest feud in recent memory. “I’m not a fan of Kendrick,” Kartel began frankly. “I don’t even listen to Kendrick, so I wouldn’t know.”

“What does he rap?” the “Ramping Shop” musician continued. “I saw it on the internet, but no disrespect to the dude, I hear him, but I don’t listen to him. Drake is more in tune with Jamaica and the culture.”

Kartel added, “Drake is a better and bigger artist.”

The reggae star’s cover story comes less than a week after he made his grand return with a massive Freedom Street concert in front of more than 35,000 people at Kingston’s National Stadium in Jamaica on New Year’s Eve, performing for the first time since his July prison release. Kartel had served a 13-year sentence for the murder of Clive “Lizard” Williams, for which he and his co-accused — Shawn Campbell, Kahira Jones and Andre St. John — have always maintained their innocence.

During the tail end of Kartel’s sentence, Drake and Lamar’s beef simmered over into an explosive rap back-and-forth that fans are still talking about months later. The beef started with the Toronto artist dissing Dot on “Push Ups” and “Taylor Made Freestyle” in April. Lamar clapped back with a slew of searing response tracks including “Euphoria,” the Billboard Hot 100-topping “Not Like Us” and more, while Drake added fuel to the fire with songs such as “Family Matters” and “The Heart Pt. 6” in May.

Lamar is now set to headline the 2025 Super Bowl Halftime Show, while Drake is in the midst of taking legal action against Universal Music Group for allegedly conspiring to “artificially inflate” the Compton musician’s streams on “Not Like Us” and for allegedly allowing Lamar to defame Drake on the track. In November, UMG denied the accusation — which the company called “offensive and untrue” — and added in a statement to Billboard, “We employ the highest ethical practices in our marketing and promotional campaigns. No amount of contrived and absurd legal arguments in this pre-action submission can mask the fact that fans choose the music they want to hear.”

As for Vybz? He’s in the running for the best reggae album Grammy for Party With Me, which was “done in prison,” the artist tells Billboard. “I was writing to keep my mind occupied, ended up with these songs and said, ‘Let me just put them on a little EP.’ Bam, Grammy.”

The ceremony airs Feb. 2 on CBS.



This story originally appeared on Billboard

Half of Brits unaware they can choose hospital for NHS operation

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Half of Brits are unaware that they can choose the hospital for their NHS operation, according to a recent study. This research comes after the Labour Government’s Elective Reform Plan was announced.

The Prime Minister said he aims to make the 18-week wait the norm instead of 18 months by making improvements to the NHS app and raising awareness that private surgeries can be used for NHS treatment.

The recent survey involving 2,000 adults found that 47% were unfamiliar with patient choice, with many under the impression that they are simply placed on a waiting list and have no alternative but to wait their turn, regardless of how long that is.

A quarter were oblivious to the fact that they could receive treatment in a private hospital as an NHS patient – with this rule applying to operations with lengthy waiting lists such as hip and knee replacements. One in five thought they would have to fork out extra to be seen at a private hospital.

At the timing of polling 14% of people polled were waiting for an operation, with nearly a fifth of those having been on hold for over twelve months.

The study was conducted by Practice Plus Group, a provider of both NHS and private surgeries. Its CEO, Jim Easton, expressed his enthusiasm saying: “It’s fantastic news for patients that the government is committed to ensuring more people exercise their right to choose.”

But he recognises there’s more ground to cover highlighting the need for a more long term partnership between the NHS and private hospitals. He also added: “We need to see more GPs empowering their patients to make choices about their healthcare.”

Interestingly, those in the know regarding their right to choose have learned from sources such as friends, family, or media rather than directly from their healthcare providers.

This was the case for former ‘Great British Bake-off’ favourite Val Stones, aged 74, who took matters into her own hands, opting for her NHS-funded hip replacement at a private clinic, significantly shortening her wait. After visiting her GP about her inability to walk, stand straight, or sleep due to the pain, she got referred to a local NHS centre.

Val, having heard from pals about choosing her treatment location, stated: “I had a few friends who had been to Practice Plus Group in Shepton Mallet. I’d always thought it was just a private hospital but some of these friends had been there on the health service.

“It had shorter waiting times, but I also wanted to go somewhere that specialised in joint replacements.”

She continued: “After my assessment I was sent a form with some choices on – there wasn’t much information about each option, but I already knew where I wanted to go. I believe I was seen in months rather than years because of my choice and I couldn’t have been happier with the quality of care.”

When asked about their primary considerations when deciding where to undergo a procedure, 43% cited waiting time as the most significant factor.

Convenience was paramount for four out of 10 respondents who stated that proximity to home is crucial, while the reputation of the hospital or surgeon was a major consideration for 39%.

Jim commented: “Elective operations may be classed as ‘routine’ but for the people waiting for them who can’t walk, can’t work or enjoy the things they like to do, they are life changing.”

He added that six out of 10 people believe that choosing where to receive treatment under the NHS could enhance the likelihood of someone receiving better quality care.

“The private sector doesn’t have a silver bullet, but working with our NHS partners, we can make a significant difference,” Jim further noted. “In the last year alone, the sector has delivered over a million procedures for the NHS, and we can do more.”



This story originally appeared on Express.co.uk

RuPaul’s Drag Race Winner The Vivienne Dies Aged 32

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It’s a sad day for drag fans around the world. The Vivienne, winner of RuPaul’s Drag Race UK, has sadly passed away. The drag artist, who was born James Lee Williams, was 32.

Drag and reality TV fans fell in love with The Vivienne when she competed in the first season of Drag Race UK. She became the inaugural winner of the franchise and later returned for the all-winners edition of RuPaul’s Drag Race All Stars.

Rest in peace, Viv

The news of The Vivienne’s passing was first shared by her rep, Simon Jones. It was later confirmed by People. In the statement, her rep did not reveal a cause of death and asked for privacy while her family and friends process the loss.

“It is with immense sadness that we let you know our beloved James Lee Williams – The Vivienne, has passed this weekend,” the statement read.

“James was an incredibly loved, warm-hearted and amazing person. Their family are heartbroken at the loss of their son, brother and uncle. They are so proud of the wonderful things James achieved in their life and career,” the statement continued.

Upon the news of The Vivienne’s passing, tributes began pouring in from across the Drag Race universe. In one touching post, Michelle Visage called The Viv a “beacon” while reflecting on their off-camera relationship.

“Your laughter, your wit, your talent, your drag. I loved all of it but I loved your friendship most of all. You were a beacon to so many,” Michelle wrote.

Queens from across the UK also shared words of condolences. Baga Chipz, who competed alongside The Vivenne on Drag Race, shared a heartfelt message on Instagram celebrating the life, friendship, and art of The Viv. She said Viv was both a brother and a sister to her.

“Being on Drag Race has its ups and its downs, but I wouldn’t change anything for the world because it brought me to you,” Baga wrote.

The Vivienne leaves behind a legacy of glamor, humor, and warmth. She’ll be deeply missed, but we’re incredibly grateful for the art that she shared with the world.

TELL US – DO YOU HAVE ANY WORDS OF SUPPORT FOR THOSE GRIEVING THIS LOSS? WHAT ARE YOUR FAVORITE MEMORIES OF THE VIVIENNE?




This story originally appeared on Realitytea

Ramon Rodrigez Teases Season 3 (Exclusive)

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The long wait is almost over: Will Trent Season 3 will finally premiere on Tuesday, January 7, and the episode will answer some of our most burning questions after that jaw-dropping cliffhanger … at least, we hope so!

To get a sense of what’s ahead for the third bow of the series, TV Insider caught up with leading star and co-executive producer Ramón Rodríguez.

“Season 3 starts off with where we went at the end of Season 2. We just know he disappeared. We don’t know where he went. We don’t know what he did. And we learn that he went to … rural Tennessee with him and Betty, and he kind of tried to start over,” Rodriguez teased. “We get to immediately see it’s been a while. He doesn’t look the same, he’s not in his suit, he’s not clean shaven… and so he’s taking some time to kind of reflect and get away and start over and, I think, really ask questions if his life that he was pursuing in the GBI was right, and is this what he wants to be doing? And so it was a lot of self-reflection. He had to have that walk.”

Indeed, the new trailer for the season shows Will in much more casual gear than we’re used to seeing him traipse around in — until Amanda Wagner (Sonja Sohn) comes in and demands he return to the Georgia Bureau of Investigations, where he belongs.

“It isn’t until Amanda comes back in and tells him about this case that’s happening that involves someone from Will’s past that lures him back in. He reluctantly goes back,” Rodriguez explained. “Everything he’s left behind, his relationship with Faith [Iantha Richardson] is really in terrible shape because he didn’t let her know anything. We see that him and Angie [Erika Christensen] aren’t even [talking]. She’s no longer APD. And we see the moment when he walks back home for the first time, and he walks in his house, and Nico’s upset at him, and we see that dining table that represented everything that was about his potential future with Angie, and that that is no longer the case anymore. So we’re kind of picking him up after the wake of his decision to leave, and a lot of those relationships we get to explore throughout the season and how they potentially get it back.”

His relationship with Angie, who has not only been his primary love interest in the series but also his oldest friend, is going to be particularly strained by his decision to turn her in to the police for covering for Crystal’s murder of her abuser.

“It’s really, really rough in the first several episodes, and once Will and Angie finally do get to be face to face, it’s not an easy thing. They both have their reasons for being upset at each other, and Will has his reasons of why he did what he did, and so it’s really complicated, and hopefully audiences will be happy,” Rodriguez said.

What makes Season 3 unique, though, isn’t just a settlement of the already-existing dramas, according to Rodriguez. In fact, it’s the newcomers to the season that really promise to spice things up for the crew.

Disney/Nino Muñoz

“We have Gina Rodriguez coming into play Marian Alba, ADA, assistant district attorney. We have new love interests coming in. … We also introduced a great character of Raphael, who’s someone from Will’s past as well that Will somehow is indebted to from his childhood… Raphael is involved in criminal activity, and he’s the leader of a gang that Will is investigating. And so it gets really complicated and it gets very personal,” he teased.

“Where last season we felt Will was really haunted and exploring things from his past and his childhood, I think this one is a lot about where he’s at now and what’s happening. And we also have some pretty intense events that end up really affecting Will — and possibly forever,” Rodriguez continued.

Of course, even he knows that the primary draw is to find out how Will Trent’s gutting decision to walk away from the love of his life will affect everyone in his inner circle: “I think for audiences that have been watching, they’ll be really excited to see what does happen with Will: How is he coming back? Where was he? How did he change? And what’s his potential future with or without Angie? What does that look like?”

Will Trent, Season 3 Premiere, Tuesday, January 7, 8/7c, ABC




This story originally appeared on TV Insider

Klarna CEO: AI Is Capable Of Replacing All Jobs, Mine Too

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Sebastian Siemiatkowski, CEO of “buy now, pay later” financing company Klarna, has an explanation for stating that AI can replace “all” jobs — even his own.

In a post on X on Sunday, Siemiatkowski laid out his thought process for saying that “AI can already do all our jobs,” a remark he said last month which he acknowledged “caused quite a stir.”

Siemiatkowski said that AI still needs more research and development before it can duplicate every job, but it has all of the raw potential to do so down the line.

He likened the comment to stating that humans were capable of building cars, computers, and rockets—in the year 1700 but they needed hundreds of years of research and innovation before they could actually create a computer. Humans in the year 1700 had brains that were just as capable as ours, but they needed raw materials to build modern technology.

In the same way, AI is now “capable of doing all our jobs, my own included,” Siemiatkowski wrote. “Our work is simply reasoning combined with knowledge/experience.”

Related: Klarna Says Its AI Assistant Does the Work of 700 People

Siemiatkowski acknowledged, however, that “how exactly we will combine those building blocks of reason and knowledge to replicate the work we do today is not yet entirely solved.”

Siemiatkowski also wrote that he doesn’t think it will take hundreds of years for AI to take over human work, but he said that the prospect of AI taking his job quickly is a “gloomy” one.

“I am not necessarily super excited about this,” he wrote. “But I also believe we need to be honest with what we think will happen.”

Related: Duolingo Put Its Sarcastic Teen Chatbot to Work on Its Earnings Call in Place of CEO

Klarna claimed in February that its AI customer service assistant did the equivalent work of 700 human agents. In December, the company used an AI clone of Siemiatkowski to report its latest financial results.

Klarna has also implemented a hiring freeze for over a year as the company tries to supplement human work with AI. Siemiatkowski told Bloomberg last month that over 1,000 people have left Klarna since the freeze started, leaving behind a 3,500-person workforce.

As Klarna’s salary costs decrease, the company has told employees that “part of the gain of that is going to be seen” in their paychecks.

Klarna was worth $14.6 billion as of October.

Related: Klarna Replaces Workers With AI With Hiring Freeze, Pay Bump




This story originally appeared on Entrepreneur

Axon shares dip 8.5%, marking largest intraday fall since May 2023 By Investing.com

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Investing.com — Axon, the technology and weapons company, experienced a significant drop on Monday, with its shares falling 8.0% to $553.13.

This decrease led to a reduction in the company’s market capitalization by approximately $3.65 billion.

Monday’s drop was the steepest intraday fall for Axon since May 10, 2023, with the company’s shares dipping as much as 8.5%.

This decrease led to the company’s shares hitting their lowest level since November 8, 2024, at $550.20.

Despite the recent drop, Axon’s performance over the past year has shown growth.

As of the last close, Axon’s stock had risen 1.1% this year and had seen a substantial increase of 146% over the past 12 months.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.




This story originally appeared on Investing

Disney inks deal to combine Hulu + Live TV business into Fubo

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Disney said on Monday it would merge its Hulu + Live TV business with rival FuboTV — a deal that potentially clears the way for the launch of its stalled sports streaming venture with Fox Corp and Warner Bros Discovery.

The merged company will create the second-biggest internet pay-TV provider in North America, behind YouTube TV, with around $6 billion in revenue and 6.2 million subscribers.

Disney will hold a 70% majority stake in the venture, which will be led by Fubo CEO and co-founder David Gandler.

Disney CEO Bob Iger struck a deal with Fubo to merge its live TV businesses and end a bitter lawsuit that was hampering the launch. of sports streaming service Venu. Getty Images for Disney

As part of the deal, Fubo will drop its lawsuit against Bob Iger-led Disney and ESPN related to Venu, the sports bundle that was supposed to launch last fall.

“This combination enables us to deliver on our promise to provide consumers with greater choice and flexibility,” Gandler said of the merger.

“Additionally, this agreement allows us to scale effectively, strengthens Fubo’s balance sheet and positions us for positive cash flow. It’s a win for consumers, our shareholders, and the entire streaming industry.”

The deal does not include the streamer Hulu, home to original series like “Only Murders in the Building” and “The Handmaid’s Tale,” which competes with platforms like Netflix, Amazon Prime Video and Apple.

Nonetheless, the combination of Fubo and Hulu + Live TV will give customers the ability to stream a broad array of live broadcast and cable networks on their connected TVs, mobile phones, tablets, and other internet-connected devices.

Fubo and Hulu + Live TV will continue to be available to consumers as separate offerings after the merger, the companies said.

Hulu + Live TV will continue to be streamed in the Hulu app and be offered as part of the bundle with Hulu, Disney+ and ESPN+. Fubo, which streams more than 55,000 live sporting events annually, will continue to serve its subscribers in the Fubo app.

Fubo sued Disney, Fox and Warner Bros Discovery over the potential launch of Venu, citing that it would violate antitrust law. Bloomberg via Getty Images

The deal ends a bitter legal battle that had blocked Disney, Fox and Warner Bros. Discovery from launching its own sports-focused streaming provider.

In February, Fubo had sued the media giants, saying Venu would violate US antitrust law by reducing competition and driving up prices.

A district court judge found that Fubo is likely to succeed in its antitrust claims and issued the injunction temporarily barring Venu’s launch.

Disney and its partners in Venu Sports were scheduled to appear in the US Court of Appeals on Monday to ask the court to reverse the ruling.

Disney’s deal with Fubo has cleared the path for Venu to launch, a service that will offer sports enthusiasts more options outside of the cable TV bundle. Koshiro – stock.adobe.com

As part of the transaction, Discovery will make an aggregate cash payment to Fubo of $220 million, and Disney has committed to provide a $145 million term loan to Fubo in 2026, the companies said.

Shares of Fubo, which had a market value of about $480 million as of last close, surged nearly 141% to $3.46 in early trading. Disney was up marginally.

Fubo’s shares tanked more than 60% in 2024, as the company’s revenue growth slowed and competition intensified from bigger rivals.

As part of Monday’s announcement, Disney will also enter into a new carriage agreement with Fubo that will allow Fubo to create a new sports service featuring Disney’s sports and broadcast networks including ABC, ESPN, as well as ESPN+.

“The new product will be publicly traded under the Fubo name and run by its CEO,” said Ross Benes, senior analyst at Emarketer. “That signals Disney is looking to eventually get out of being a pay TV operator and go all-in on streaming.”

The deal includes a termination fee of $130 million.

“This combination will allow both Hulu + Live TV and Fubo to enhance and expand their virtual MVPD (Multichannel Video Programming Distributor) offerings and provide consumers with even more choice and flexibility,” said Justin Warbrooke, Disney’s executive vice president and head of corporate development.

“We have confidence in the Fubo management team and their ability to grow the business, delivering high-quality offerings that serve subscribers with the content they want and offering great value,” he added.

With Post wires



This story originally appeared on NYPost