Jordan Spieth has admitted that he has found the majority of the courses on the PGA Tour extremely challenging this season, as he reflected on a mixed year so far ahead of his return to the U.S. Open at Shinnecock Hills — a course where he previously missed the cut and a tournament where his career record remains surprisingly thin.

The Memorial Tournament marked perhaps the lowest point in Spieth’s season so far, with the 32-year-old missing the cut after posting a 79 on Friday at Muirfield Village.

A Season of Consistency Without a Breakthrough

Despite that recent setback, Spieth’s overall body of work this season has shown a notable level of week-to-week consistency, even if it has yet to produce a signature result. It is quite remarkable that he has registered eight top-25 finishes without breaking into the top 10. He finished tied for 11th at both Bay Hill and the Valspar Championship.

That pattern of steady, if unspectacular, finishes reflects what appears to be genuine all-around improvement in his game, even as the results have not yet translated into the kind of statement performance fans have come to expect from the three-time major champion. Spieth is arguably becoming a solid all-around golfer. He is not outside the top 100 on the PGA Tour for any of the major strokes gained categories.

However, that broad-based competence has not yet resulted in the three-time major champion contending for a first victory on the PGA Tour since the 2022 RBC Heritage — a winless drought that has now stretched across multiple seasons.

Explaining the Difficulty of This Year’s Setups

Spieth offered insight into why he may be struggling to find his very best form this season when asked by CBS Sports about his preparations ahead of the major championships, specifically heading into the U.S. Open at Shinnecock Hills.

“No, frankly we have played probably 12 US Opens this year, it has felt like. The courses have been brutally hard this season. It’s kind of nice,” he said.

Far from framing the difficulty purely as a complaint, Spieth suggested the unusually demanding course setups this season may actually serve as valuable preparation for the brutal test that typically awaits players at the U.S. Open. “It’s nice to have already played it before in a US Open. That limits the field down to a lot less people who were actually there. I kind of know what to expect heading into it I guess, as far as what it is going to require,” he said.

Gathering Intelligence From Players Who Have Already Competed There

Beyond his own previous experience at the venue, Spieth indicated he has also been actively seeking out information from fellow competitors who had already played the course before this year’s championship. “Then I have asked some questions from some guys who have already gone and played it. Is it going to be the narrower one or is it going to be the one in 18 where they left it a bit wider but you better hit the fairway that they give you. It seems like that will be the route,” he said.

That kind of scouting reflects a broader theme in Spieth’s comments about the specific demands the course places on a player’s short game and precision around the greens. “I remember the greens but hitting on those, you started working on a bit more touch and finesse and chipping and stuff like that. There’s definitely a bit more work as you get closer to the green, when you are preparing for a US Open you have to be a bit tighter,” he said.

A Career-Defining Win That Hasn’t Repeated

Spieth’s relationship with the U.S. Open carries particular historical weight given how his career began. Spieth made a real statement with his victory at Chambers Bay in 2015. The win meant that he had taken home the first two majors of the year.

It was difficult not to feel that Spieth was destined to dominate the game for some time. Certainly, few would have ever imagined that he would only win one more major heading into 2026.

A Surprisingly Difficult Championship for Spieth

Despite his breakthrough victory at Chambers Bay, the U.S. Open has proven to be a notably difficult championship for Spieth to replicate success in over the course of his career. It may be a real surprise to some to know that Spieth’s U.S. Open record is incredibly poor. In fact, the 2015 win marks the only time he has finished inside the top 10 at the event.

Meanwhile, he has missed the cut four times, most recently in 2023. That spotty record stands in contrast to his performance at golf’s other major championships, where Spieth has generally remained a more consistent contender throughout his career.

A Difficult History at Shinnecock Hills Specifically

The challenge facing Spieth this week carries an added layer of significance given his prior experience at this particular venue. Crucially, he did not make it through to the weekend when the U.S. Open was last at Shinnecock. It was the only major that year where Spieth finished outside the top 12.

That previous missed cut at Shinnecock adds extra motivation for Spieth as he returns to the course this week, armed with what he describes as a season’s worth of preparation against unusually demanding course conditions on the PGA Tour. He will hope that the PGA Tour season so far has properly prepared him for the upcoming test.

With Spieth now back at Shinnecock Hills for the first time since his earlier missed cut at the venue, his comments suggest a golfer who has approached this season’s difficult course setups not merely as a source of frustration, but as a deliberate, if unintentional, form of preparation for exactly the kind of brutal test the U.S. Open is known to present. Whether that preparation translates into a better result than his previous trip to Shinnecock — or his broader U.S. Open record overall — will become clear as the championship unfolds this week, with Spieth still chasing his first PGA Tour victory since 2022 and his second career U.S. Open title since that breakthrough win a decade ago at Chambers Bay.

Operator

Good afternoon. Welcome to the Conifex Timber Annual Meeting of Stockholders. Please note, this event is being recorded. I would now like to turn the conference over to Ken Shields. Please go ahead.

Kenneth Shields
Chairman & CEO

Well, thank you, Gary, and good afternoon, everyone. My name is Ken Shields, and I’m the Chairman and CEO of Conifex. In accordance with our bylaws, I will act as Chairman. I will now call the meeting to order.

Most of our shareholders are joining us today by teleconference instead of attending in person. I’d like to thank those of you who have called in today to listen in on our meeting.

I’d like to appoint Trevor Pruden, our Chief Financial Officer as Secretary; Gary Gill of Sangra Law Firm as Recording Secretary and Loretta Pataki of Computershare Investor Services as the scrutineer. If anyone hasn’t registered with the scrutineer, please do so now.

I have a copy of the notice calling this meeting and an affidavit of mailing of [ Michael Kiami ] of Computershare Trust Company of Canada. Since notice of this meeting has been circulated, I will dispense with the reading of the notice calling this meeting. In accordance with the Canada Business Corporations Act, the notice of meeting and record date was also published in The Globe and Mail newspaper on April 27, 2026.

Turning to the scrutineer’s report. It indicates that there are 28 shareholders present in person or by proxy totaling 11,649,303 shares, which represents approximately 28.57% of our 40,767,710 outstanding shares as of the record date. In accordance with our bylaws, I declare that a quorum of shareholders is present, and this meeting is regularly and duly called

The disappearance of 84-year-old Nancy Guthrie, the mother of Today show host Savannah Guthrie, has become a high-profile missing persons case that has captivated the public and drawn scrutiny from veteran law enforcement experts, with a former FBI agent now publicly raising pointed questions about the investigation’s transparency and pace nearly five months after Guthrie vanished from her home.

Since her disappearance from her home in the Catalina Foothills near Tucson, Arizona, several theories related to Nancy’s kidnapping and the motives behind it have emerged, drawing investigatory efforts from the Pima County Sheriff’s Department and the FBI. Throughout the investigatory period, various forensic experts and retired FBI agents have offered their insights into the case.

A Former Agent’s Public Critique

In a recent development, former FBI agent Jennifer Coffindaffer, who now works as an expert sharing insight on crimes or missing persons cases across the country, raised serious concerns over the investigation into Nancy’s disappearance. Taking to X, she made a series of pointed points, questioning the search efforts of law enforcement.

“LE and the FBI are making no sense,” Coffindaffer wrote. It is noteworthy that the Pima County Sheriff’s Department, and Sheriff Chris Nanos in particular, have been under fire for mishandling forensic evidence and not allowing the FBI to assist them at the earliest hour.

Questions About the Doorbell Camera Suspect

Coffindaffer focused much of her criticism on what she described as a failure to make full public use of the most concrete piece of visual evidence investigators have recovered — footage of a masked individual caught tampering with Guthrie’s doorbell camera around the time of her disappearance.

“Where is the enhanced photo of Porch guy. It exists. Why not share with the public for their help?” she wrote.

She extended that critique to the public billboard campaign currently associated with the case, arguing that its current focus may not be the most effective use of public outreach resources. “Billboards: Why is Nancy’s face on them? Put Porch Guy’s face & add Spanish if you want more of the public’s help. Or do you know who porch Guy is?” she wrote.

Concerns Over Traffic and Surveillance Camera Evidence

Coffindaffer also questioned why investigators have not released any information gathered from nearby traffic cameras or home security systems despite the passage of several months since Guthrie’s disappearance. “Vehicles: Nothing on any traffic or Ring/Nest cams to distribute after 4 Months? Nothing. It is unfortunately possible,” she wrote.

A Halt in Public Search Efforts

Beyond the handling of physical and digital evidence, Coffindaffer raised concerns about an apparent pause in organized public search activity for Guthrie following the earliest days of the case. “Finally, 0 searches since day 2? Why? What could it hurt?” she wrote, flagging the lack of public searches as a particular point of concern.

No Early Coordination With Mexican Authorities

Coffindaffer also pointed to what she characterized as a missed opportunity to coordinate with authorities across the border, a notable omission given the property’s relative proximity to Mexico. “No contact with Mexican authorities from the beginning—Remember,” she wrote.

Her remarks come amid speculation that Nancy might have been taken to the border area. Last week, officials reportedly received a tip that her body might have been buried in Mexico, adding a fresh and unconfirmed dimension to the case’s already complex set of competing theories.

Two Possible Explanations, in Coffindaffer’s View

Drawing on her background in federal law enforcement, Coffindaffer suggested the investigation’s current posture points to one of two distinct possibilities. “Either LE knows who is responsible or the ball has been dropped,” she wrote.

She elaborated further on that assessment, drawing directly on her own professional background. “25 years in the FBI tells me they must have an idea of who is behind this. If this is not the case, then let the public help. Release the enhanced photos. Change the billboards,” she wrote.

Public Reaction to Her Comments

Coffindaffer’s post generated significant engagement and a range of reactions from social media users following the case closely. One user wrote, “Great post! IF they don’t have anyone in their crosshairs, this complete silence doesn’t make sense after asking for the public to help!”

Another commenter echoed Coffindaffer’s specific concern about the doorbell camera footage, writing, “Where is the enhanced photo of Porch guy. It exists. Why not share with the public for their help? Where is it?”

A third commenter offered a broader critique of how information has been shared across the agencies involved in the case, writing, “From early on there has been siloed information sharing and no updated combined (local & FBI) pressers. Just isolated interviews with the Sheriff projecting hope. A fly on the wall would probably reveal the Sheriff being very territorial even over intelligence dissemination.”

The Broader Context of the Investigation

Coffindaffer’s critique adds to a chorus of public commentary from retired law enforcement professionals who have weighed in on the case in recent months as it has stretched on without a confirmed suspect or resolution. The case was formally upgraded from a missing persons investigation to a homicide investigation by the FBI and Pima County Sheriff’s Department earlier this year, even as no official suspects have been named and the masked individual seen on Guthrie’s doorbell camera remains unidentified.

The tension Coffindaffer and others have pointed to — between a law enforcement strategy that may be quietly pursuing a specific lead versus one that has genuinely stalled — reflects a broader public frustration that has built steadily as the investigation has continued without major public breakthroughs nearly five months after Guthrie’s disappearance.

Neither the FBI nor the Pima County Sheriff’s Department has publicly responded to Coffindaffer’s specific critique regarding the unreleased enhanced photo, the billboard campaign’s current focus, or the apparent lack of coordination with Mexican authorities. With public scrutiny of the investigation continuing to mount and unconfirmed tips — including the recent report regarding a possible burial site in Mexico — continuing to circulate, pressure appears likely to keep building on investigators to provide more detailed public updates on the case’s status, the evidence gathered so far, and the strategy guiding the search for both Nancy Guthrie and whoever may be responsible for her disappearance.

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The UK’s 100 largest businesses are made up of more than 37,000 individual entities registered with Companies House, new analysis has found, laying bare just how hard it has become to see the full shape of Britain’s biggest firms through the corporate registry alone.

The research, from company intelligence platform Beauhurst, sets out the tangle of legal structures that routinely prevent governments, advisers and investors from grasping how the country’s largest organisations actually operate. In the most extreme cases, a single business is registered with Companies House as more than 3,800 separate entities.

Firms use multiple legal entities for all manner of legitimate reasons, from regulatory and financial compliance to ringfencing different parts of the business and smoothing the path for mergers and acquisitions. The trouble, as the analysis makes clear, is that this fragmentation scatters the most meaningful information about a business across dozens, hundreds or even thousands of registrations, making it far harder to obtain and consolidate.

The findings come at a moment of heightened scrutiny of the corporate register itself, with the size of the Companies House register having recently shrunk for the first time in more than a decade as identity-verification reforms take hold.

Beauhurst, which bills itself as the UK’s leading platform for private company intelligence, carried out the analysis using True Companies, a newly launched data suite that aims to show businesses as they genuinely operate, regardless of how many legal entities sit behind them. The tool stitches together fragmented information held across corporate registries, patents, grants, funding records, acquisitions, news and company websites to build a single, unified view of an organisation.

The patent figures are perhaps the most striking illustration of the problem. Only 29 of the top 100 businesses hold patents in their primary legal entity, yet more than 50 own patents elsewhere within their wider corporate structure. In other words, the innovation activity of half of the UK’s largest businesses would be missed entirely if only the parent company were examined. The same blind spot extends to the accounts: nearly 90,000 UK businesses file their most meaningful financial data through a subsidiary rather than their main registered company, and 15 per cent of the country’s largest firms hold key financial data outside the legal entity they are most associated with.

Toby Austin, founder and chief executive of Beauhurst, said the scale of the issue had long been underestimated. “For decades, company intelligence has been constrained by legal entities, and our analysis with True Companies sets out the scale of the problem. A business’s employees, intellectual property, funding, acquisitions, financial performance and innovation activity are often spread across multiple entities and, as a result, some of the most important signals about a business are hidden in plain sight,” he said.

“Having multiple legal entities is useful for registration and compliance, but it’s not how people think about businesses and it’s not how economies work. True Companies changes that by connecting these entities and bringing together information from across multiple sources for the first time. This creates a complete picture of a business that opens up entirely new possibilities. Governments can gain a more accurate understanding of their economies. Investors can identify opportunities sooner, advisers can provide better guidance, and organisations can finally understand businesses as they actually exist, rather than as they appear on a registry.”

For the public sector, Beauhurst argues, a clearer view could help local and national government pinpoint economic strengths and weaknesses across regions, track major employers, map innovation clusters and target support more effectively. For investors and advisers, it offers the prospect of spotting emerging growth opportunities earlier, assessing risk more accurately and understanding the full extent of a company’s activities, investments and intellectual property.

It is a reminder that the 5.5 million-odd companies sitting on the Companies House register tell only part of the story. Through True Companies, Beauhurst says, users can pull together complete financial information, key people, funding history, acquisitions, news and patents across all of a business’s registered companies, surfacing growth trends, innovation signals and expansion activity that would otherwise stay buried across disconnected entities.

Amy Ingham

Amy is a newly qualified journalist specialising in business journalism at Business Matters with responsibility for news content for what is now the UK’s largest print and online source of current business news.

The NBA offseason is heating up with the draft just days away, as the Boston Celtics grow increasingly impatient over stalled trade talks involving Milwaukee Bucks superstar Giannis Antetokounmpo, the Oklahoma City Thunder explore cost-cutting moves involving forward Luguentz Dort, and the Dallas Mavericks commit to pairing an injured Kyrie Irving with rookie sensation Cooper Flagg.

Boston’s Frustration Mounts in the Giannis Sweepstakes

Trading for a star player like Antetokounmpo has proven to be a considerably more complicated process than many around the league initially anticipated, with talks growing convoluted enough that even the Celtics have begun expressing visible frustration with how the situation has unfolded. Early rumblings of a possible Jaylen Brown trade for Giannis started soon after Boston’s season ended. At first, it was just rumors, and then speculation turned into a real possibility. The Antetokounmpo sweepstakes has boiled down to the Miami Heat and the Celtics, with Milwaukee working to extract maximum value from whichever team ultimately lands its franchise cornerstone.

The Boston Globe’s Gary Washburn provided an update on the Celtics’ chances of swapping Jaylen Brown for Antetokounmpo. “I don’t think he’s going to be a Celtic, and that’s just from what I’m hearing,” Washburn said. “I think the Celtics are gauging what it would take to get Giannis to Boston and trying to figure out whether they want to move Jaylen Brown.”

According to Hoops Hype, a league source said that Boston has indicated any “Brown to third team talk” is premature. This would explain Boston’s frustration, as the team has been trying to get a deal done directly between Boston and Milwaukee rather than involving a third party. Boston had also hoped that simply dangling Brown as a trade chip would be intriguing enough that Milwaukee wouldn’t feel the need to be especially aggressive in negotiations.

A Two-Team Race With No Clear Resolution

Despite the prolonged nature of the talks, league insiders have continued to describe the situation as fundamentally a contest between just two suitors. NBA insider Jake Fischer reported the Miami Heat are interested in Antetokounmpo with an offer that is “widely presumed” to include guard Tyler Herro, center Kel’el Ware, forward Jaime Jacquez Jr. and draft capital. He added that Boston is “believed to be a potential suitor that genuinely concerns Miami.”

Tim Reynolds, a Miami-based NBA writer for the Associated Press, offered a characteristically blunt update on the situation: “Giannis Antetokounmpo still wants to be in Miami, we’re told. But even he doesn’t know how this thing is going to end up.”

Other insiders have suggested the dynamic may be shifting in Boston’s favor, even if subtly. Marc Stein wrote, “I have also spoken to teams and well-placed insiders around the league who believe that it remains possible that Antetokounmpo does not ultimately land on South Beach. As we’ve been reporting since late May, Boston is increasingly projected to be the other landing spot that Giannis prefers to be steered to … without overtly pushing as hard as he possibly can.”

Washburn offered his own assessment of where the leverage currently sits: “I do think Miami has the edge on this, but I do think Boston is kinda sniffing around and finding out could you even acquire Giannis without sacrificing Jaylen? That would be a big question. What is exactly Milwaukee looking for? Who is the third team involved? Because it’s gonna have to be a third team involved.”

The Financial Complications of Including Brown

Much of the difficulty in finalizing any Antetokounmpo trade traces back to the financial realities surrounding Jaylen Brown’s contract, which complicates Boston’s ability to construct a competitive offer without including him. The Celtics playmaker has a cap hit of $57.1 million next season, $61 million in 2027-28, and $65 million in 2028-29.

Tatum and Brown are both making more than $57 million next season. Derrick White, at $30.3 million, is the only other Celtics player with a salary over $11 million in 2026-27, meaning Boston would either need a third team’s financial assistance or would have to include Brown to make the math work on any deal for Antetokounmpo.

Risk of Inaction

Beyond simply losing out on Antetokounmpo to Miami, some analysts have warned that prolonged trade speculation itself carries risk for Boston’s relationship with Brown regardless of how the situation resolves. One potential drawback, as Washburn pointed out, is that Brown hearing his name mentioned in trade rumors might cause a rift with the organization that the Celtics would need to repair if he doesn’t get moved.

According to one NBA insider, “Despite some rumors making the rounds on social media, the Celtics and Bucks have not finalized or come close to agreeing on any sort of trade surrounding Antetokounmpo.” With the draft fast approaching, that lack of progress has only heightened the sense of urgency — and frustration — surrounding the entire situation.

Oklahoma City Eyes Cost-Cutting Move Involving Dort

Separately, the reigning NBA champion Oklahoma City Thunder are reportedly exploring ways to create salary cap flexibility, with veteran forward Luguentz Dort emerging as a name to watch this offseason. Dort could be a name to watch as Oklahoma City is looking to save some salary cap space, with the team currently due to pay him $17.7 million and projected to be roughly $40 million over the luxury tax line.

If the Thunder ultimately decide to trade Dort, he shouldn’t be nearly as difficult to move as Antetokounmpo has proven to be, given his more modest salary and well-defined role as a perimeter defender. Should the Celtics ultimately trade away Brown as part of a Giannis deal, Dort could emerge as an appealing replacement option, given his reputation as a strong three-point shooter and high-level perimeter defender — a profile that fits squarely within Boston’s broader team-building philosophy.

Dallas Commits to the Irving-Flagg Pairing

In Dallas, meanwhile, the Mavericks have signaled their intention to move forward with a different kind of continuity strategy, betting on the long-term partnership between veteran guard Kyrie Irving and rookie phenom Cooper Flagg. Irving missed the entire 2025-26 season while recovering from a torn ACL suffered at the end of the 2024-25 campaign. The Mavericks drafted Cooper Flagg with the idea that Irving and Flagg would form the core of the franchise moving forward.

According to Marc J. Spears, Hoops Hype reported that the Mavericks’ ownership is committed to seeing Irving and Flagg together for now, rather than entertaining trade scenarios that would move on from Irving before the pairing has had a genuine opportunity to develop on the court together.

With the 2026 NBA Draft scheduled for next Thursday, league insiders broadly expect the Antetokounmpo situation to reach some form of resolution before then, given Milwaukee’s stated interest in incorporating draft capital into any eventual return package. Whether that resolution sends the two-time MVP to Boston or Miami remains genuinely uncertain, according to multiple league sources, even as both franchises continue positioning themselves as the more attractive long-term destination for one of basketball’s most coveted available stars. Meanwhile, the fate of role players like Dort, and the early returns on Dallas’s commitment to building around an Irving-Flagg backcourt, will offer additional storylines to track as teams across the league finalize their rosters ahead of the draft and the opening of free agency.