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Goldman Sachs: Excellent Business But Thin Margin Of Safety (NYSE:GS)

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Goldman Sachs: Excellent Business But Thin Margin Of Safety (NYSE:GS)

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My name is Karandeep Kumar, and I am an investor based in Canada with a Master’s in Business Administration. My professional background is quite diverse, spanning the worlds of technology, marketing, and creative industries. This multidisciplinary experience gives me a unique vantage point when evaluating a company’s health, as I look beyond just the numbers to understand the “why” behind their business model. I am passionate about finance and investing, and I spend a considerable amount of time reading and understanding quarterly and annual reports. I believe that the best way to understand a company is to read the fine print that others might skip (especially the footnotes!). My personal strategy is a blend of value and growth. I am equally inspired by Benjamin Graham’s value investing principles and the forward-looking, unconventional approach of venture capital. On one hand, I look for solid companies that are currently “on sale” because of weak sentiment. On the other hand, I am always on the lookout for under-the-radar businesses where the real potential isn’t yet widely known (Trust me, there are a lot of undervalued gems in Canada!) My goal in writing for Seeking Alpha is simple: I aim to share my research and analysis with you, helping you make more informed investment decisions.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Smithfield to build $1.3 billion pork plant

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Smithfield to shutter sausage plant

New facility will replace existing plant in South Dakota.

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Lakers’ Jeanie Buss says dad would have supported sale to Mark Walter

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Lakers' Jeanie Buss says dad would have supported sale to Mark Walter
Jeanie Buss on her family's decision to sell the Lakers: 'It's bittersweet'

Six-time NBA Champion Los Angeles Lakers owner Jeanie Buss said new majority owner Mark Walter’s access to capital will help the team best compete with the NBA’s top franchises — and that her late father, Jerry Buss, would have supported the sale.

“What was important to him was that the Lakers stay at the top of the NBA, and to stay at the top of the NBA, you need to have the resources,” Buss said. “You need to have everybody pulling together. And he would want [that for] the Lakers, because the Lakers are his legacy.”

While the NBA has a salary cap that can limit team spend, franchises do have some flexibility if owners are willing to pay a luxury tax. Team spend per season currently ranges from about $154 million to $220 million, with the Lakers seventh overall at $197 million, according to Basketball Reference. Walter has consistently been one of the top spending owners in Major League Baseball since acquiring the Los Angeles Dodgers in 2012.

Minority owner Jeanie Buss of the Los Angeles Lakers and her husband, Jay Mohr, prior a first round NBA playoffs game between the Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles, April 19, 2025.

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Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images

Buss and her family agreed to sell their majority stake in the team to Walter last year at a $10 billion valuation. ESPN recently documented significant conflict between the Buss siblings that led to the sale, which Buss called “bittersweet.”

Jerry Buss willed ownership of the team to his six children in a trust when he died in 2013.

“My siblings were involved in the decision that was made,” Jeanie Buss said. “It’s about the Lakers and the greatness and what the fans expect, and you need resources and you need a direction. I think it’s fair to say that my family — we all have our different opinions and [are] living our lives, choosing what we want to do with our time, and this was the best decision for all six of us.”

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Jeanie Buss on Lakers sale, partnering with Jordan and LeBron James' future

The Buss family kept about 15% of the team, and Jeanie Buss agreed to stay on as governor for at least five years. Still, when asked if she plans to stay for the full term, Buss seemingly hedged her answer.

“That’s what I agreed to,” Buss said. “Mark Walter and I are very comfortable with the way things are set up. And I expect things to go on and be successful. And you know, I’m not going anywhere.”

Buss acknowledged the past 12 months have been one of transition for the team, given both the sale and the team’s decision to trade star forward Anthony Davis for Luka Dončić about a year ago. Buss said the team’s focus is now on building around Dončić, rather than 41-year-old LeBron James, who has been the face of the team since he joined in 2018.

Luka Dončić, holding jersey, with Los Angeles Lakers head coach JJ Redick, right, and General Manager Rob Pelinka at his introduction.

Harry How | Getty Images Sport | Getty Images

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“The partnership will give us the stability to continue to move forward as we build towards a team around Dončić,” Buss said. “We couldn’t be more proud that he is a Laker. He is a young all-star that the fans love to see.”

James said Sunday he’s still unsure whether he’ll play beyond this season. Buss said she’d leave James’ future with the Lakers to James. Still, she sounded doubtful that he would return to the team next season, either because he would retire or because he would choose to play elsewhere.

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“Never say never, but you know, he certainly hasn’t given an indication,” said Buss. “He’s earned the right to decide how his career will go, and you know, he continues to impress.”

Launching a tequila brand

Buss also discussed her tequila brand, Cincoro, created in 2016 when five friendly competitors met for dinner around an NBA board of governors meetings, bonding over their shared passion for tequila. That group included Buss; then-Charlotte Hornets owner Michael Jordan; Milwaukee Bucks co-owner Wes Edens; and former Boston Celtics co-owner Wyc Grousbeck and his wife, Emilia Fazzalari.

Cincoro tequila founders, from left, Wes Edens, Michael Jordan, Emilia Fazzalari, Jeanie Buss and Wyc Grousbeck.

Source: Cincoro Tequila

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“We all had a mutual appreciation for tequila,” Buss said. “And us being a very competitive group, we thought, ‘You know what? We could probably make one better.’ And so, that night, Cincoro was born.”

Jordan, known for being a fierce competitor on the court, isn’t any different behind the scenes and is deeply involved in the business, Buss said.

“I knew he was a tough competitor because his first championship, he beat the Los Angeles Lakers,” she said. “He’s just like that in the boardroom. It’s, ‘Who are we up against? Let’s be better than that. Let’s work harder. Let’s be more creative.’”

Jordan brought in his design team, resulting in a distinctive bottle that Buss called “a work of art.”

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“When you work with Michael Jordan, the bar is set high,” she said. “Not just him as a player, but him as a businessman. And we’ve seen he’s been pretty darn successful.”

Cincoro is now a sponsor of the Los Angeles Lakers, and Buss unveiled Tuesday a limited-edition añejo bottle in Lakers purple and gold. Buss said it’s a nod to both the franchise’s championship pedigree and the brand’s premium positioning.

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Bayer offers $7.25bn to settle weedkiller cancer claims

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Bayer offers $7.25bn to settle weedkiller cancer claims

The company has faced years of legal battles over Roundup, a weedkiller made by Monsanto.

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Cyber security firm snapped up in deal creating 900-strong company

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Stripe OLT has offices in Bristol, Manchester and London, and will become part of Littlefish Group

Business figures shaking hands

Generic image of business figures shaking hands(Image: Getty Images/iStockphoto)

A Bristol-headquartered cyber security firm has been acquired for an undisclosed sum by an IT company with offices in Nottingham, Sheffield, London and Ireland. Stripe OLT, which has built its growth around its Microsoft-led offering, will become part of Littlefish Group, creating a company of some 900 staff.

Littlefish said the deal would “further solidify” its position in an expanding market and marked a “major milestone” for the business. It is understood the acquisition will help Littlefish accelerate the expansion of its managed services and advanced cyber security operations across the UK.

Ursula Morgenstern, chief executive of Littlefish Group, said: “This acquisition is a decisive step in how we scale the business. Our ambition is to build a truly end-to-end services organisation, with a user-centric approach at its core —to help organisations work smarter, reduce friction, operate safely and deliver better outcomes for their people.

“Stripe OLT is a fast-growing, Microsoft-focused business with deep cyber capability and a culture that closely mirrors our own. Bringing their team into the group strengthens our security proposition, accelerates our growth, and meaningfully enhances the value we deliver to customers.”

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Following the deal, Littlefish Group said it would leverage Stripe OLT’s Microsoft expertise to “elevate workplace experiences and transform outcomes” for its customers, which currently include University Hospitals of Derby & Burton NHS Trust, PureGym and Brentford Football Club.

Stripe OLT, which was founded in 2004 by Mark Dale and also has offices in Manchester and London, supports and protects critical infrastructure for established organisations across finance, legal, transport, public sector and healthcare. Its client portfolio includes The NHS Confederation, Haseltine Lake Kempner, Bristol Airport and MoneySuperMarket Group.

Mr Dale added: “Joining Littlefish Group marks an exciting next chapter for our business. Having grown year on year since 2021, it was important to partner with an organisation that shares our ambition and values.

“This move allows us to scale our impact, creating greater opportunities for our people and enhanced capabilities for our clients, while remaining focused on end-user centricity.”

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Trump promises big tax refunds in 2026 from One Big Beautiful Bill

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Trump promises big tax refunds in 2026 from One Big Beautiful Bill

President Donald Trump said tax refunds this year will be substantially larger than ever before because of his signature “One Big Beautiful Bill,” which was passed last year.

Trump took to Truth Social to promote the expected refunds ahead of the 2026 filing season, arguing that some taxpayers could see more than 20% returned.

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Taxpayers generally must file their 2025 federal returns by April 15, 2026, and if they file electronically with direct deposit, most refunds are issued within about three weeks after the return is processed, according to the IRS.

SCOTT BESSENT: PRESIDENT TRUMP’S ‘BIG, BEAUTIFUL BILL’ WILL UNLEASH PARALLEL PROSPERITY

Donald Trump celebrates 'big, beautiful bill'

President Donald Trump signs the “One Big Beautiful Bill” from the South Lawn of the White House on Independence Day, July 4, 2025 in Washington. (Tom Brenner For The Washington Post via Getty Images / Getty Images)

“Tax Refunds this year, because of ‘THE GREAT BIG BEAUTIFUL BILL,’ are substantially greater than ever before,” Trump wrote. “In some cases, estimates are that over 20% will be returned to the Taxpayer.”

He pointed to provisions he said eliminate taxes on tips, social security benefits for seniors and overtime pay, while allowing interest deductions on car loans, among other measures.

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“So, when you get your Tax Refund, think about what a wonderful President you have — NO TAX ON TIPS, NO TAX ON SOCIAL SECURITY FOR OUR GREAT SENIORS, NO TAX ON OVERTIME, INTEREST DEDUCTIONS ON CAR LOANS, AND MUCH MORE,” Trump continued. 

“Don’t spend all of this money in one place! President DJT.”

TRUMP SPEECH SPARKS OPTIMISM AS ‘GANGBUSTER’ ECONOMY FORECASTED FOR 2026

Donald Trump signs a document at a table while surrounded by Republican lawmakers during an outdoor event.

President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act into law during an Independence Day military family picnic on the South Lawn of the White House in Washington, D.C.,, on July 4, 2025. (Samuel Corum/Getty Images / Getty Images)

The White House has promoted the upcoming filing season as potentially the largest tax refund season in U.S. history, citing provisions in the One Big Beautiful Bill Act that affect 2025 tax returns filed in 2026.

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A central goal of the bill was to extend and make permanent many tax cuts originally created under the 2017 Tax Cuts and Jobs Act, many of which were slated to expire at the end of 2025.

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Trump on federal income taxes

President Donald Trump pitched the idea to eliminate federal income tax during his address at a GOP conference in Doral, Florida, on Monday. (Getty Images/Photo illustration / Getty Images)

The legislation also included billions for the Pentagon and border security, deep spending cuts and changes to Medicaid.

The nonpartisan Congressional Budget Office estimated the package could add roughly $3.3 trillion to the federal deficit over a decade under current law projections.

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On Sunday, White House Senior Counselor for Trade and Manufacturing Peter Navarro touted what he called a “Goldilocks economy” under Trump, while promising Americans the “biggest rebate” in U.S. history.

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10 Key Facts About the Oscar-Winning Legend’s Life and Career

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James Van Der Beek

Robert Duvall, the versatile Academy Award-winning actor whose unforgettable performances in “The Godfather” as Tom Hagen and “Apocalypse Now” as Lt. Col. Bill Kilgore defined generations of cinema, died peacefully at his home in Middleburg, Virginia, on Feb. 15, 2026. He was 95.

'Godfather' Icon Robert Duvall
‘Godfather’ Icon Robert Duvall

His wife, Luciana Duvall, announced the news on the actor’s official Facebook page Feb. 16, writing: “Yesterday we said goodbye to my beloved husband, cherished friend, and one of the greatest actors of our time. Bob passed away peacefully at home, surrounded by love and comfort.”

Duvall’s death was confirmed by his publicist and reported widely by outlets including The New York Times, CNN, Variety, AP News and People. No cause of death was disclosed. He had lived for decades on a horse farm in Virginia’s Fauquier County, embracing a quieter life after a prolific seven-decade career that spanned more than 90 films, television roles and directing projects.

Born Robert Selden Duvall on Jan. 5, 1931, in San Diego, California, to a military family — his father was a Navy admiral — Duvall grew up across the U.S. and Europe before studying acting at Principia College and the Neighborhood Playhouse School of the Theatre in New York.

Here are 10 essential things to know about Robert Duvall’s remarkable life and legacy:

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  1. Breakthrough Role in ‘To Kill a Mockingbird’ — Duvall made his film debut in 1962’s “To Kill a Mockingbird,” playing the reclusive Boo Radley opposite Gregory Peck’s Atticus Finch. The small but pivotal part earned praise for his subtle, haunting portrayal of vulnerability beneath a fearsome exterior.
  2. Iconic ‘Godfather’ Consigliere — As Tom Hagen in Francis Ford Coppola’s 1972 masterpiece “The Godfather” and its 1974 sequel, Duvall brought quiet intelligence and loyalty to the Corleone family’s adopted Irish-American advisor. Nominated for an Oscar for best supporting actor in the first film, his line “I’m gonna make him an offer he can’t refuse” (delivered on behalf of Don Corleone) remains one of cinema’s most quoted.
  3. Memorable ‘Apocalypse Now’ Helicopter Scene — Duvall’s Lt. Col. Kilgore in Coppola’s 1979 Vietnam War epic delivered the famous monologue: “I love the smell of napalm in the morning.” His surfing-obsessed, fearless commander provided dark comic relief amid the film’s chaos, cementing another legendary performance.
  4. Oscar Win for ‘Tender Mercies’ — Duvall earned the Academy Award for best actor in 1983 for his role as Mac Sledge, a washed-up country singer seeking redemption. The low-key drama showcased his ability to convey deep emotion with restraint, earning him widespread acclaim.
  5. Emmy and Golden Globe Success — Duvall won two Emmys — one for the 1989 miniseries “Lonesome Dove,” where he played retired Texas Ranger Augustus McCrae — and four Golden Globes across his career. His “Lonesome Dove” performance is often cited as one of television’s greatest.
  6. Directing and Producing Ventures — Beyond acting, Duvall directed “The Apostle” (1997), in which he also starred as a flawed Pentecostal preacher, earning another Oscar nomination. He produced several projects and championed independent filmmaking.
  7. Late-Career Accolades — At age 84, Duvall received his seventh Oscar nomination for best supporting actor in 2014’s “The Judge,” opposite Robert Downey Jr. He held the record as the oldest nominee in that category until surpassed later.
  8. Personal Life and Marriages — Duvall was married four times. His fourth wife, Argentine actress Luciana Pedraza, whom he wed in 2005, was by his side at the time of his death. They shared a passion for tango and horses, often appearing together at events.
  9. Military Family Influence — Growing up as the son of an admiral shaped Duvall’s portrayals of authority figures. He served briefly in the Army after college and drew on that experience for roles in military dramas like “The Great Santini” (1979), where he played a domineering Marine pilot.
  10. Tributes from Hollywood — Following the announcement, co-stars and admirers paid homage. Al Pacino and Robert De Niro, his “Godfather” castmates, led tributes, with Pacino calling him “one of the greatest actors we ever had.” Francis Ford Coppola remembered Duvall’s dedication, while fans on social media celebrated his range from tough guys to tender souls.

Duvall’s final screen appearance came in recent years with roles in Netflix films like “Hustle” (2022) and “The Pale Blue Eye” (2022). Though he slowed down in his later years, his influence endured through streaming revivals of classics and ongoing discussions of his craft.

Hollywood and fans mourned the loss of a chameleon-like performer who brought nuance to cowboys, cops, soldiers and mobsters alike. As one obituary noted, Duvall imbued even the edgiest characters with a compassionate core, leaving an indelible mark on American cinema.

Funeral arrangements were not immediately announced. Duvall is survived by his wife Luciana and extended family.

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Why youth unemployment is rising

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Why youth unemployment is rising

Unemployment in the UK rose to its highest rate in nearly five years at the end of 2025

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Federal government loses around $1 trillion annually to fraud: Haywood Talcove

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Federal government loses around $1 trillion annually to fraud: Haywood Talcove

The federal government is hemorrhaging around $1 trillion per year due to fraud, Haywood Talcove, CEO of LexisNexis Special Services & LexisNexis Risk Solutions Government, said while testifying at a congressional hearing last week. 

The eyewatering figure dwarfs the Government Accountability Office’s numbers.

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The GAO reports that the nation’s “federal government loses between $233 billion and $521 billion annually to fraud, according to GAO’s government-wide estimates based on data from fiscal years 2018 through 2022.”

WALZ PROPOSES $10M BUSINESS RELIEF PACKAGE AS REPUBLICANS CRY ‘NEW AVENUE FOR FRAUD’ IN MINNESOTA

Haywood Talcove

Haywood Talcove during a House Oversight Subcommittee on Delivering on Government Efficiency (DOGE) hearing in Washington, D.C., on Wednesday, Feb. 12, 2025.  (Daniel Heuer/Bloomberg via Getty Images / Getty Images)

During the Senate hearing, Talcove said he places “the number closer to $1 trillion dollars annually, or $115 million every single hour, of which 70% is related to transnational criminals.”

Talcove told FOX Business that he is surprised “people don’t realize how easy it is to steal from government, and taxpayers aren’t more outraged.”

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He explained that he based his estimate on the GAO’s $521 billion figure.

EXCLUSIVE: SENATE BILL TARGETS MINNESOTA-STYLE ‘RUNAWAY FRAUD’ TO FORCE SCAMMERS TO REPAY TAXPAYERS

U.S. Capitol building

The U.S. Capitol in Washington, D.C., on Tuesday, Feb. 10, 2026.  ( Al Drago/Bloomberg via Getty Images / Getty Images)

“What the GAO number didn’t include is seven other agencies, including Health and Human Services, which I think is where the greatest amount of fraud is,” Talcove noted.

While he pointed out that the $1 trillion figure is only an estimate, he said he considers the figure to be “directionally correct.”

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TRUMP ADMIN UNCOVERS ‘STAGGERING’ $8.6 BILLION IN SUSPECTED CALIFORNIA SMALL BUSINESS FRAUD

Burning cash

Burning U.S. five and one dollar bills, London, 8th Aug. 2011.  (Tom Stoddart/Getty Images / Getty Images)

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HHS Secretary Robert F. Kennedy Jr. “released the Medicaid data,” Talcove said. “That data has never been seen in public before. And by looking at that, I suspect that trillion dollars that I provided to Congress last week was actually a little bit light,” he noted.

FOX Business’ Connor Hansen contributed to this report.

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European Stocks Rise. AI Trading Frenzy Takes a Breather for Presidents Day

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European Stocks Rise. AI Trading Frenzy Takes a Breather for Presidents Day

European Stocks Rise. AI Trading Frenzy Takes a Breather for Presidents Day

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3 Killed in Targeted Family Dispute at High School Hockey Game

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What Is Fat Tuesday?

A gunman opened fire Monday afternoon inside a packed ice rink during a high school boys’ hockey game in Pawtucket, killing two people and critically wounding three others in what authorities described as a targeted incident stemming from a family dispute.

Rhode Island shooting: 3 Killed in Targeted Family Dispute at
Rhode Island shooting: 3 Killed in Targeted Family Dispute at High School Hockey Game

The shooter, identified as 56-year-old Robert Dorgan — who also went by the name Roberta Esposito — died of a self-inflicted gunshot wound, Pawtucket Police Chief Tina Goncalves said at a news conference late Monday. Three people were pronounced dead at the scene, including Dorgan and the two victims. The three injured were hospitalized in critical condition.

The shooting erupted around 2:30 p.m. at Dennis M. Lynch Arena on Andrew D. Ferland Way, where teams from Coventry High School and a Blackstone Valley co-op — including students from schools such as St. Raphael Academy, Providence Country Day School, North Providence and North Smithfield — were playing. The game was interrupted in the first period as gunfire rang out in the stands.

Goncalves said the incident appeared domestic in nature, with victims including members of the suspect’s family and possibly a family friend. A woman who identified herself as Dorgan’s daughter told reporters outside police headquarters that her father was the shooter, adding that he had long struggled with mental health issues.

“He has mental health issues,” she said. “He was very sick.”
Court documents cited by some outlets indicated past family conflicts related to Dorgan’s gender identity, though police did not confirm motive details beyond the family dispute characterization.

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A “good Samaritan” intervened during the attack, helping to subdue the gunman and likely preventing further casualties, Goncalves said. More than one weapon was recovered from the scene.

Players and spectators fled the ice amid the chaos, with some hockey players still in uniform when they were bused to Pawtucket Police Headquarters for interviews. Mayor Donald Grebien said investigators conducted about 100 interviews in the hours following the shooting.

The Rhode Island Interscholastic League announced it was suspending all games temporarily “out of respect for the victims and to reflect upon this senseless act of violence.”
No students or players from the competing teams were among the victims, school officials confirmed.

The incident marks the second deadly mass shooting in Rhode Island in recent months, following a December 2025 attack at Brown University in Providence that killed two students.

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Gov. Dan McKee said he was monitoring developments and in contact with law enforcement.

Authorities withheld the victims’ names pending family notifications. The investigation continues, with the Bureau of Alcohol, Tobacco, Firearms and Explosives assisting.

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