Business
Cyclospora outbreak tests CDC, RFK Jr. response
Robert F. Kennedy Jr., US secretary of Health and Human Services (HHS), during a celebration at the Health and Human Services (HHS) headquarters in Washington, DC, US, on Thursday, Jan. 8, 2026.
Kent Nishimura | Bloomberg | Getty Images
Robert F. Kennedy Jr. took the helm of the U.S. Department of Health and Human Services last year promising to overhaul the U.S. food system and restore confidence in the agencies that oversee it.
The secretary of the Department of Health and Human Services now faces one of his biggest tests yet, as the country tries to contain an outbreak – or potentially multiple outbreaks – of foodborne illness. Two months and thousands of cases of cyclosporiasis later, it looks like the nation’s already fragile system is faltering.
Experts have long said the U.S. is underprepared to rein in foodborne outbreaks. But after the Trump administration slashed key officials — from federal employees who investigate the source of illnesses to those who share information with the public — Kennedy appears to face an even more daunting task to contain the parasite and build trust in the administration’s response.
“It is difficult to quantify precisely, but it is clear that the cuts to federal funding over the past year or so have reduced our capacity to respond to outbreaks like this,” said Craig Hedberg, co-director of the Minnesota Integrated Food Safety Center of Excellence.
Kennedy earlier this week defended the handling of an outbreak of cyclosporiasis that has sickened at least 7,000 people in Michigan alone. (The official count from the Centers for Disease Control and Prevention, which has lagged behind state tallies, sits at nearly 4,200 cases). Kennedy said the ongoing outbreak of cyclosporiasis is “under control,” contending criticisms that agency cuts have hampered the investigation are “invalid.”
The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention have narrowed their focus to shredded iceberg lettuce from Taylor Farms, a produce supplier for a range of restaurants and grocers. The FDA over the weekend said lettuce from the company tested positive for cyclospora, the parasite that causes the explosive diarrhea. The agency later walked that back, saying it was a false positive.
Donald Schaffner, chair of food science at Rutgers University, said he’s never seen such a reversal before and called it a “pretty big screw up.” Still, one former senior FDA food official said the agency was right to publicize the positive test because if it turned out to be a true positive, delaying the announcement could have caused more people to fall ill. And regardless of the test result, the agencies still see the lettuce as a likely culprit.
The about face, and the confusion it created over whether regulators still suspected the Taylor Farms lettuce was tied to the outbreak, underscored the difficulty Kennedy faces in trying to restore public confidence.
HHS spokesperson Emily Hilliard in a statement to CNBC said the FDA has been transparent with Taylor Farms throughout the investigation and the corrected lab result doesn’t change the agency’s findings.
Former federal health officials and independent food safety experts say they see the cyclospora response as a prime example of a system that’s long been underfunded and overstrained, leaving the U.S. vulnerable to these kinds of outbreaks. And they fear budget cuts, policy delays and personnel turnover are exacerbating an already delicate situation.
In response, Hilliard said regulators have “mounted a robust, science-based response to this outbreak, working closely with health departments in all 50 states, rapidly identifying known sources, and ensuring Americans have the information they need to protect themselves.”
She added, “FDA and CDC continue working together to use every available public health tool to identify additional sources of the outbreak and inform swift public health action.”
Why the cyclospora outbreak is hard to track
Technician holding a specimen container with stool sample for cyclospora test.
Md Babul Hosen | Istock | Getty Images
Cyclospora is a parasite that’s trickier to track than some other pathogens. Parasites don’t grow outside the human body, making it harder to test for them and link cases to each other. Cyclospora tests are prone to false positives because the process for conducting them can sometimes make it look like there’s a parasite in the sample when there’s not, Schaffner said.
Some experts said the Trump administration funding cuts make that tall task even tougher.
Dr. Daniel Jernigan, former director of the CDC’s National Center for Emerging and Zoonotic Infectious Diseases, pointed to the CDC’s Division of Parasitic Diseases and Malaria losing $40 million in funds from the U.S. Agency for International Development after the Trump administration dismantled the organization. The agency anticipates recovering some funds, though it would represent one-quarter of the money it used to receive from USAID, according to Jernigan.
Jernigan estimates the group has lost about one-quarter of its staff because of the budget cuts. Some of those employees worked on other parasitic diseases like malaria, but would typically be tapped to help respond in an emergency situation like this one, he said. As a result of the cuts, CDC is trying to move the parasitic diseases groups to the Division of Foodborne, Water and Environmental Diseases, which Jernigan says is a good thing for optimizing foodborne disease investigation and control.
“At the beginning of this response, the cuts because of the USAID [funding] made that division less capable of responding fast, and that’s not rocket science,” Jernigan said. “Just fewer people, you don’t have the reserve.”
HHS’ Hilliard said the funds were dedicated to international activities and were not used to support the CDC’s domestic foodborne disease response. She added that Trump’s proposed fiscal year 2027 budget proposes a $33 million increase for food safety activities.
Jernigan suggests increasing that budget would help improve the agency’s ability to respond to such outbreaks. CDC funding for food safety hasn’t seen a meaningful increase since 2014, according to an analysis from George Washington University’s Institute for Food Safety and Nutrition Security.
This fiscal year, the CDC’s budget for food safety is $74 million, up $2 million from last year, according to the agency’s operating plan. That food safety sum represents about 10% of funds for the CDC’s emerging and zoonotic infectious diseases work.
CDC’s FoodNet, or the Foodborne Diseases Active Surveillance Network, stopped mandatory reporting for six of eight pathogens it previously monitored, including cyclospora, because there hasn’t been enough money forthe work, something experts say is a result of chronic underfunding of food safety. That program tracks foodborne illness outbreaks over time rather than identifying new outbreaks.
Kennedy earlier this week said cuts in the FoodNet program were for “redundant surveillance.”
At the FDA, the agency’s budget for food has long been a fraction of centers that oversee regulation of drugs and devices. This year, the food center’s $1.17 billion budget represents about 17% of the agency’s roughly $7 billion in total program level spending.
Food funding has lagged other areas in part because it disproportionately comes from congressional appropriations, whereas money for other centers, including those that oversee prescription drugs and tobacco products, largely comes from fees the industry pays for reviews of applications.
The so-called Department of Government Efficiency, which oversaw massive federal layoffs last year, spared the FDA’s foodborne illness outbreak personnel from sweeping cuts, according to the former senior FDA official. The FDA’s main press office was gutted, stripping the agency of outbreak communications expertise.
Some contend the FDA’s messaging around the false positive sowed confusion about the investigation and how consumers should respond.
Ellen Shumaker, director of outreach for Safe Plates at North Carolina State University, said the FDA’s recall communications have needed modernization for some time. She said the agency needs to give clear communications to consumers, telling them in plain language what concrete steps they can take. She added that the agency needs to more quickly classify how severe a recall is.
In this case, the FDA said illnesses started on May 17, yet it didn’t issue a public notice until July 16, a timeline that suggests the response was slower than expected, said Frank Yiannas, former deputy commissioner of food policy and response at the FDA. One measure that he and other food safety experts say could have helped accelerate the response was the FDA’s Food Traceability Rule, which was supposed to go into effect this year but was delayed by two-and-a-half years. The policy was designed to help the FDA quickly see where a food came from to respond to foodborne illness outbreaks.
Kennedy has repeatedly promised to rebuild trust in the CDC following the Covid-19 pandemic and restore its focus on infectious disease, and the cyclospora response gives him a chance to display any improvements to the agency’s handling of a crisis. So far, experts said they have not seen the response get much better.
How funding cuts affected food safety agencies
State and local health departments are also feeling the effects of the Trump administration’s cuts. A May analysis from the Congressional Research Service found the administration terminated $5.78 billion in CDC grants to states.
Sarah Sorscher, director of regulatory affairs at the Center for Science in the Public Interest, said states use the block grants to fund epidemiologists and other specialists involved in investigating outbreaks.
In Kentucky, the group that’s primarily responsible for conducting case interviews for foodborne illnesses has experienced a 30% to 50% decrease in staffing due to a reduction in federal grant funds, according to a spokesperson for the state’s department of public health. The state anticipates more staff reductions next year due to additional cuts to federal grants next year.
Even so, one state hit hard by the outbreak said it has received federal help. The Ohio Department of Health requested federal help for the cyclospora investigation and will host several of the CDC’s Epidemic Intelligence Service officers this week to assist, a spokesman told CNBC. The state agency has requested help from the CDC in prior responses, including a measles outbreak in 2022 and the East Palestine train derailment in 2023.
In the meantime, more people are falling ill. The CDC has received reports of more than 4,000 laboratory confirmed cases and is aware of more than 7,400 additional cases, many of them in Michigan and Ohio, that haven’t been confirmed by a lab test yet.
And on Wednesday, the FDA reported a new outbreak among dozens of people linked to a product that hasn’t been identified yet, meaning the health agencies have even more leads to investigate.
The U.K.’s rate of inflation in June declined to its lowest level in more than a year after gasoline costs fell, raising the likelihood that the Bank of England will keep its key interest rate on hold next week, even with prices likely accelerating in the months ahead.
Consumer prices were 2.6% higher in June than the same month of last year, slowing from a 2.8% inflation rate in both April and May, the Office for National Statistics said Wednesday. That marked the lowest annual increase in prices since March 2025. Economists polled last week by The Wall Street Journal expected a reading of 2.7%.
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Business
Adani Green shares tumble 5% after Q1 results. Here’s why Bernstein has an Underperform rating
Revenue from operations in the reporting period increased 16% YoY to Rs 4,663 crore. Revenue from power supply rose 29% YoY to Rs 4,280 crore from Rs 3,312 crore.
Adani Green said that its performance was driven by capacity expansion and strong operating performance. The company’s operational capacity rose 27% YoY to 20,142 MW as of June 2026, compared with 15,816 MW a year earlier and 19,294 MW at the end of March 2026.
Energy sales rose 30% YoY to 13,657 million units in Q1FY27, helped by fresh greenfield capacity additions and higher generation. The company added 848 MW of capacity during the quarter and 4,327 MW on a YoY basis.
Also read: FIIs are leaving Adani Enterprises. Here’s who is buying
Adani Green’s EBITDA from power supply rose 33% YoY to Rs 4,122 crore from Rs 3,108 crore. The EBITDA margin stood at 94%, compared with 93% a year earlier and 91% in the March quarter.
Why Bernstein dislikes Adani Green
Bernstein retained its Underperform rating on Adani Green, saying the company remains the best player in the renewable energy space but raising concerns over its new structure for the commercial and industrial segment.
The brokerage highlighted Adani Green’s decision to allocate its entire merchant generation capacity, comprising 4 GW of operating and planned capacity, along with its entire battery storage capacity of 10 GWhr coming online this year, to Adani Energy Solutions on a long-term fixed tariff basis.
According to Bernstein, the structure allows Adani Green to focus on execution while maintaining its existing return hurdles, with Adani Energy Solutions selling the power forward to industrial customers such as data centres. While Bernstein said Adani Green has remained well ahead of its peers in renewable energy, it believes a reasonable portion of the potential upside has shifted to Adani Energy Solutions following the transaction.
Apart from this, execution remained on track, although curtailment reduced EBITDA by 5-7%, which the company expects to normalise in the second half.
Adani Green Q1 management commentary
CEO Ashish Khanna said the company began FY27 with strong momentum and crossed the 20 GW operational capacity milestone. “As renewable penetration rises and power demand continues to grow, storage will play a critical role in ensuring round-the-clock reliability and grid stability,” he said.
Read more: India needs 2,000 GW new power capacity in 20 years, says Adani Green’s Sagar Adani
Adani Green said it is progressing on the development of its 30 GW renewable energy plant at Khavda in Gujarat. The project is spread across 538 sq km, which the company said is almost five times the size of Paris.
Operational capacity at Khavda rose to 10.3 GW from 5.6 GW a year earlier. The portfolio at Khavda includes solar, wind and hybrid capacity. The company said it remains on track to achieve 30 GW renewable energy capacity at the site by 2029.
On a YoY basis, Adani Green added 3,051 MW of solar capacity, including 2,662 MW in Khavda and 389 MW in Rajasthan. It also added 684 MW of wind capacity and 592 MW of solar-wind hybrid capacity at Khavda.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Late media mogul Ted Turner used conservation easements to preserve ranch land, including nearly 114,000 acres south of Bozeman, Montana.
Kevin Fleming | Corbis Documentary | Getty Images
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
Congress is moving to expand a land preservation tax incentive that has spent nearly a decade under IRS scrutiny. House and Senate proposals of the farm bill would create a new program to provide funding to landowners who agree to keep forests intact rather than sell or develop them.
The IRS cracked down on conservation easements after groups of investors used them to generate billions of dollars in inflated tax deductions. However, the tax strategy still has value for individuals and families who want to preserve their land and pay less to Uncle Sam, lawyers who specialize in conservation easements told CNBC.
More than a dozen states offer some sort of tax credit for donating land and some, including New York, Colorado and Georgia, have aggressively expanded their conservation easement programs in recent years.
“I run into people who say, ‘Wow, conservation easements are bad things. They’re abusive.’ No, they’re not. They are for a small set of people and a small set of people that are getting sucked into this by bad actors,” said Florida lawyer Keith Fountain. “My clients are people who own land and love the land, and the conservation easements provide a way to get some financial benefit and to keep and own and manage that land for the right purposes forever.”
Conservation easements let landowners keep ownership of the property while giving up certain development rights. Typically, the owner agrees to permanently limit how the property can be used, often to preserve farmland, wildlife habitats or open space. The landowner can then donate those foregone development rights or sell them at a discount to a land trust, government agency or another qualified group.
In return, the owner can claim a charitable deduction. In many cases, they can still reside on the land and use it for recreational purposes like hunting and fishing, as long as they fit the easement’s restrictions.
Fountain said many of his ranching clients sell conservation easements to keep land in the family and use the proceeds to pay off debt or buy out younger family members who aren’t interested in ranching. By selling the easements on their land at a discount, the clients collect cash and can claim a charitable deduction for the difference between the sale price and the fair market value.
The transactions targeted by the IRS involve groups of investors, not longtime individual landowners. In these so-called syndicated conservation easement deals, a promoter sells stakes in land to investors and donates the easement. By using an inflated valuation of the property’s development rights, the investors are able to claim a tax deduction that exceeds what they paid for the land.
In a recent example filed last week, the U.S. Tax Court slashed a $41.6 million deduction claimed by an Alabama partnership to $800,000. The court agreed with the IRS that the deduction was based on a speculative valuation of the property’s potential as a limestone quarry.
Congress capped conservation easement values in 2022 in order to shut down syndicated easements, but the IRS is still wading through some 1,100 cases. The agency extended a settlement offer in May in an attempt to reduce the backlog.
While the government has targeted syndicated deals, individuals can still trigger an IRS audit by donating an easement. For this reason, Fountain said his clients usually choose to sell easements at a discount even though donating one can come with better tax benefits.
Many lawyers refuse to advise on conservation easements altogether. However, Carolyn Schenck, former IRS national fraud counsel, told CNBC that conservation easements shouldn’t be written off.
“The fact that some taxpayers abuse the rules, I don’t think means that the underlying policy lacks value in any way,” said Schenck, who left the IRS in 2025 for law firm Caplin & Drysdale. “I think there is a sentiment at the IRS that properly supported conservation easement is not a loophole.”
Know the rules of the road
In the past two years, the Tax Court has typically centered on what the land’s foregone development rights are actually worth, according to lawyer Diana Norris, associate director for conservation defense at the Land Trust Alliance. This focus on valuations has removed a lot of uncertainty for land trusts and landowners, as earlier conservation easement cases often turned on technical defects in the deed or donation paperwork, she said.
Lawyer Steve Small said conservation easements aren’t risky if you work with a lawyer who follows the case law and executes them frequently. Small helped write the tax code for conservation easements in the early 1980s when he was with the IRS.
The biggest issue, he said, is dealing with clients who have unrealistically high expectations of how much they can deduct, which he blames on promoters of syndicated easements. For recently bought property, the deduction will be a percentage of the purchase price, not a multiple, according to Small.
Donors also have to consider less obvious factors that can shrink their deduction, he said. For instance, easements can enhance the value of surrounding properties by preserving scenic views and privacy. If the easement benefits nearby property owned by the landowner or a relative, the additional value has to be subtracted from the deduction, Small said.
He also recommends that clients include lots of photos of the land with their form submissions.
“What does the IRS get when you take an easement deduction? A lot of typed paper,” he said. “They don’t get any feel at all for the beauty of the project or the views across the open space.”
Small said the risk of an audit is minimal if the conservation easement is sound, especially with the IRS being understaffed.
“Frankly, I think if you do a good honest conservation easement project today, the risk is lower than it was 10 years ago,” he said.
Banco Santander SAN said it is on track to hit its targets, after customer gains and higher activity levels helped second-quarter net profit rise on year.
The Spanish bank has sought to reshape its portfolio through dealmaking over the past year, moving to bolster its exposure to the U.S. and the U.K.
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Stocks were on track to open lower on Wednesday after a jump in oil prices revived fears that a flare-up in inflation could drag down the market.
S&P 500 futures declined 0.4%. Nasdaq 100 futures fell 0.8%. Dow Jones Industrial Average futures slipped 76 points, or 0.1%.
The three major indexes all snapped three-day losing streaks in the previous session thanks to a strong rebound in chip stocks, although worries remain about how long the artificial-intelligence spending boom can last.
Business
William and Kate Plan a ‘Summer to Remember’ for Prince George Before He Heads Off to Eton College This Fall
Prince William and Catherine, the Princess of Wales, are planning an especially memorable summer for their eldest son, Prince George, ahead of a significant milestone this fall: his departure from home to begin boarding at Eton College.
George turned 13 on July 22, and in September he will leave his family’s Windsor-area home to attend the prestigious all-boys school his father also attended decades earlier. A family friend told Vanity Fair that William and Catherine are determined to give George a “summer to remember” before that transition begins.
A quiet birthday, with one notable exclusion
Following royal family tradition, George celebrated his 13th birthday privately this week, including a cake baked by his mother, a custom Catherine has followed for each of her three children. According to Vanity Fair, the teenager is receiving a low-key birthday celebration, though the outlet noted one gift he will not be getting: a smartphone with internet access.
“One thing George won’t be getting is an iPhone,” royal commentator Sarah Hewson told Vanity Fair. “His parents are very hot on phones, and they won’t allow him on social media. They want to protect him from that for as long as they can.” The stance echoes comments William has made previously about limiting his children’s early exposure to internet-connected devices, even as he has said a more basic phone for calls and texting could be appropriate once George starts secondary school.
A summer centered on Norfolk
Much of the family’s summer will reportedly be spent at Anmer Hall, the Wales family’s country home in Norfolk, a property Hewson described as holding particular significance for the family. “It is very special to the family because it’s a place where they can escape daily life and enjoy their freedom,” Hewson said. “It’s their family sanctuary.” She added that the family’s traditional activities there, including walks, beach runs, sailing, picnics and swimming, are expected to make for “the best possible summer before George heads off to boarding school.”
A separate source told Vanity Fair that the upcoming transition carries real emotional weight for the family. “That’s a big step,” the source said of George’s move to Eton. “He will be away from home for the first time, and William and Catherine want to spend as much quality time together as they can this summer.”
Possible adventures on the horizon
According to The Sun, William and Catherine “have an action-packed summer in store” for their children, potentially including an adventure trip for George. Royal biographer Ingrid Seward described George’s enthusiasm for outdoor activity, noting his interests align closely with his father’s. “Like his father, he loves being outdoors, doing things,” Seward said. “Playing cricket and tennis and, in the last couple of years, even scuba diving.” An island getaway to Mustique, a longtime favorite vacation spot for the Wales family, has also reportedly been discussed as a possibility for the summer.
A teenager who wants to fit in
Seward also spoke to how George’s personality has developed as he approaches adolescence, describing a boy who prefers blending in with peers rather than standing out because of his royal position. “Teenagers hate that, and his parents understand only too well,” Seward said, adding that George is “no boaster” and “keeps quiet about his privileged family life.” She continued, “Like most teenagers, he wants to blend in with his friends and enjoy doing what they are doing. George is, of course, aware of exactly who he is. Lambrook parents have noticed he does not push himself forward unnecessarily.”
Seward, who also serves as editor-in-chief of Majesty Magazine, added that George’s personality is likely to keep evolving as he matures. “As a teenager he will no doubt change, but he will still be happiest outdoors and slowly gathering the confidence that will one day be important to his future.”
A family friend offered a similarly grounded description of George’s dual public and private demeanor to The Sun, saying, “Behind closed doors, he’s like any other teen, but in public he takes it all very seriously.”
A deliberate approach to parenting
Royal commentators and sources close to the family have pointed to this summer as reflecting a broader, intentional parenting philosophy William and Catherine have maintained throughout their children’s upbringing. Royal biographer Robert Jobson emphasized how quickly the milestone years are passing. “In the blink of an eye, George will be 18, and they must know that these years will fly by,” Jobson said. “They’ve done a very good job bringing up the children and focusing on their own family unit. Despite all the other drama going on in the family, they rise above it.”
A source told The Telegraph that the family’s approach to everyday routines, from school runs to time spent outdoors together, reflects a deliberate strategy rather than incidental choices. “The way they have lived their lives, getting the kids outside, spending time together, focusing on the school run, it’s just as strategic as any other part of their public service,” the source said, adding, “Preparing their children for the lives they are going to lead, it’s central to their roles, it’s not something that’s on the side.”
Getting ready for Eton
Part of the summer will also involve direct preparation for George’s move. According to Vanity Fair, George is said to be “over the moon” about starting at Eton, and will take part in a leavers’ party as he finishes his time at Lambrook School, where his younger siblings, Princess Charlotte and Prince Louis, continue to attend. Royal commentator Charlotte Griffiths described the close bond between father and son as central to that preparation. “William and George are very close, and William will be making sure George is well prepared,” Griffiths said. “They will hunker down and spend the summer together in Norfolk before the big move to Eton. It’s an exciting time for them all.”
With George’s move to Eton set for September, the coming weeks in Norfolk are expected to serve as both a celebration of his teenage milestone and a final stretch of concentrated family time before he begins boarding school life away from home for the first time, a transition his parents appear determined to ease with an especially full and memorable summer together.
Business
China’s Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe
China’s Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe
According to a filing with the exchange, revenue increased 4.1% quarterly to Rs 1,226 crore. The company reported a gross profit of Rs 326 crore, growing 2.6% quarterly and nearly 25% yearly.
Also Read | Dr Reddy’s shares crash 9% after weak Q1 results. Here’s why these 3 brokerages are bearish on the stock
The company reported an EBITDA of Rs 201 crore and a PAT of Rs 142 crore. The earnings per share (EPS) were reported at Rs 10.77 per share, registering 22% yearly growth. Cash and cash equivalents were recorded at Rs 1197 crore post dividend payout of Rs 79.6 crore.
“Q1 FY27 is a strong start to the year. Revenue grew 17.8% YoY, with gross profit and EBITDA growing even faster, reflecting an improving quality of growth. Our objective isn’t revenue growth at any cost; it’s profitable growth that consistently converts into cash,” said Uday Reddy, Founder Chairman & CEO.
Our priorities for Q2 are specific: sustain revenue momentum, improve gross-margin quality, convert customer opportunities into billed revenue, maintain discipline on costs, and strengthen collections and cash conversion, Reddy further said.
According to the management, Enterprise Communications contributed 91.6% of revenue in Q1 FY27. Revenue grew 4.5% QoQ and 18.4% YoY to Rs 1,123 crore. Sequential and YoY growth was primarily driven by higher wallet share within existing customers.”We continue to execute on three growth priorities: new customer acquisition across India and international markets, expanding wallet share within existing customers, and driving adoption of omnichannel solutions across SMS, WhatsApp and RCS,” management further said.
Higher wallet share within the existing customer base continued to drive growth. Customers with annualised revenue above Rs 1 crore grew 4.5% QoQ and 16.7% YoY to Rs 1180 crore. Within this cohort, the Rs 10– Rs 50 crore segment grew 10.8% QoQ and 43.9% YoY to Rs 433 crore, while the above Rs 5 crore segment grew 1.6% QoQ and 5.4% YoY to Rs 526 crore.
Indirect cost decreased by Rs 1 crore sequentially, as higher employee costs and other expenses partially offset lower forex losses.
Employee costs increased due to annual increments and variable pay, partially offset by the reversal of performance-linked RSUs. Forex losses declined by Rs 9.1 crore, as the US Dollar appreciated by 0.91% against the Rupee in Q1 FY27, compared with 4.26% in Q4 FY26.
In the past three months, the shares of Tanla Platforms went up 29.24%, and in the last six months, they rose 34.35%. In the current calendar year so far, the shares went up 24.31%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business
Luka Doncic Says Watching LeBron James Prepare for Games Taught Him the Most During Their Time Together
Luka Doncic says the most valuable lesson he took away from playing alongside LeBron James with the Los Angeles Lakers had little to do with anything that happened during games themselves, and everything to do with what James does long before tipoff.
Doncic made the comments during an appearance on James’ “Mind the Game” podcast, co-hosted with two-time MVP Steve Nash, reflecting on his time as a teammate of the four-time NBA MVP since arriving in Los Angeles via a blockbuster midseason trade in February 2025.
What Doncic learned
Asked what stood out most about playing alongside James, Doncic pointed directly to James’ preparation habits rather than his on-court production. “First of all, off the court, you know, all the things he does just to be ready for the game. And obviously on the court, everybody knows what kind of player he is,” Doncic said.
When pressed for a specific example, Doncic described being genuinely surprised by how early James arrives at the arena before games. “He shows up like 10 hours before the game. … I came to the arena, he was already done working out. I was like, what?” Doncic said.
A trade that reshaped the Lakers
Doncic joined the Lakers in a trade that stunned the NBA when it was announced, sending him from the Dallas Mavericks to Los Angeles in exchange for Anthony Davis just weeks before the 2025 trade deadline. At the time, Doncic was already regarded as one of the league’s most talented offensive players, but questions persisted about his conditioning and defensive effort, criticism that had followed him for much of his career in Dallas.
Those questions carried into his first partial season with the Lakers, which ended with a first-round playoff exit at the hands of the Minnesota Timberwolves. Entering the following offseason, Doncic faced pressure to reshape his conditioning heading into a full season alongside James.
A dramatically improved season
Doncic answered that challenge. Last summer, he dropped significant weight and reported to training camp in markedly better shape, a transformation that carried through into one of the best individual seasons of his career. Over the 2025-26 season, Doncic averaged 33.5 points, 7.7 rebounds, 8.3 assists and 1.6 steals per game while leading the Lakers to a 53-29 record and the fourth seed in the Western Conference.
Doncic’s improved conditioning appeared to pay off on both ends of the floor. He earned Western Conference Player of the Month honors in both January and March, and his defensive engagement, long a target of criticism, showed clear signs of improvement over the course of the season.
A season cut short by injury
Despite that strong individual campaign, Doncic’s season ended prematurely when he suffered a season-ending hamstring strain on April 2, forcing him to miss the Lakers’ playoff run entirely. The injury denied Doncic the chance to build on his regular-season performance on basketball’s biggest stage, a frustrating conclusion to what had otherwise been a breakout year in Los Angeles.
Despite the injury setback, Doncic has expressed optimism about the Lakers’ direction heading into next season. He recently said he is “excited” about the team’s retooled roster, and separately described himself as “very excited” for the start of the new campaign, signaling confidence in Los Angeles’ outlook even after the disappointment of missing the postseason.
A veteran mentor with a long track record
James, now widely regarded as one of the most disciplined professional athletes in terms of body maintenance and game preparation, has served as a mentor figure for a long line of younger Lakers teammates over his tenure with the franchise. His approach to recovery, nutrition and physical conditioning has been credited by numerous teammates and opponents alike as a significant factor in his ability to remain a high-level performer well into his 20th NBA season.
Doncic’s account of James’ pregame routine, arriving roughly 10 hours before tipoff and completing his workout before most players have even reached the arena, reflects a level of preparation that has become something of a defining trait associated with James throughout his career, one that Doncic suggested directly influenced his own approach to conditioning heading into last season.
At 27 years old, Doncic appears to be entering what could become an especially productive stretch of his career, having paired his existing offensive brilliance with a newly improved level of physical conditioning during his first full season in Los Angeles. With James continuing to serve as both a teammate and, by Doncic’s own account, something of a professional example to follow, the Lakers will be looking for Doncic to build further on last season’s individual success once healthy for training camp.
Whether that improved conditioning and preparation habits translate into deeper playoff success for the Lakers next season remains to be seen, particularly given how last season ended prematurely due to injury. But Doncic’s comments on James’ podcast suggest that, beyond any statistical or on-court influence, playing alongside James has already reshaped how Doncic approaches the less visible parts of being a professional athlete, the preparation that happens long before any game begins.
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