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Grupo Bimbo to invest $1 billion in US operations

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Grupo Bimbo to invest $1 billion in US operations
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Media’s TV upfront presentations have become an NFL showcase

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Media's TV upfront presentations have become an NFL showcase

Key Points

  • NFL Commissioner Roger Goodell plans to attend the Disney upfront in New York next week, sources told CNBC.
  • YouTube and Netflix will both get additional live games as part of their NFL offerings for the 2026-27 season, sources told CNBC.
  • The NFL schedule will likely be announced Wednesday or Thursday of next week, a source told CNBC.

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McKell flies west in policy pursuit

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McKell flies west in policy pursuit

The policy architects behind a progressive think tank’s Perth expansion say they are not afraid of copycats.

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Doncic Return Delayed as Sports Doc Blasts ‘Failed’ PRP Treatment

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Luka Doncic

OKLAHOMA CITY — Luka Doncic remains without a clear return timeline for the Los Angeles Lakers as he continues recovering from a Grade 2 left hamstring strain, with a prominent sports medicine specialist sharply criticizing the platelet-rich plasma treatments the star pursued in Spain as a “failure of epic proportions.”

Luka Doncic
Luka Doncic

Doncic, acquired by the Lakers in a blockbuster trade last year that sent Anthony Davis to the Dallas Mavericks, has been sidelined since April 2 when he suffered the injury against these same Oklahoma City Thunder. Now more than five weeks later, the 27-year-old superstar told reporters Wednesday he has no firm date for his return despite four PRP injections and the original medical projection of an eight-week recovery.

“It’s very frustrating,” Doncic said at the team hotel in Oklahoma City. “I don’t think people understand how frustrating it is. All I want to do is play basketball, especially this time.”

The Slovenian star revealed he traveled to Spain shortly after the injury for specialized PRP therapy, undergoing four injections spaced four days apart. While he has begun running as part of his rehab, he has not progressed to full-contact drills or scrimmages. The Lakers, who advanced past the Houston Rockets without him in the first round, dropped Game 1 of the Western Conference semifinals to the defending champion Thunder 108-90 on Tuesday.

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Dr. Jesse Morse, a regenerative medicine specialist and sports doctor, delivered a scathing assessment of the treatment approach in a widely circulated video. He described PRP as relatively weak — rating it about a three out of ten in potency — and said it typically causes 10 to 14 days of inflammation per injection before any potential healing benefits. For a Grade 2 partial tear, Morse argued stronger options like amniotic tissue allografts or exosome therapies should have been prioritized.

“This is a failure of epic proportions when the team needs him the most,” Morse said. “They went to a car dealership with all the money in the world and they said, ‘Hey, let’s buy a Toyota Corolla. There’s a Ferrari sitting right next to it.’” He called the decision “amateur hour.”

Context of the Injury and Trade

Doncic’s absence looms large for a Lakers team built around him, LeBron James and supporting pieces after the seismic February 2025 trade. In his first full season with Los Angeles, he led the NBA in scoring at 33.5 points per game while adding eight rebounds and nine assists, earning MVP consideration before the injury.

The hamstring issue is not entirely new. Doncic dealt with a milder strain to the same area earlier in the season, missing four games and playing limited minutes in the All-Star Game. This Grade 2 tear has proven far more stubborn, prompting the cautious approach.

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“I came back from injuries before too soon, and it wasn’t the best result,” Doncic noted. “You have to be very careful.” He mentioned using hyperbaric chambers, cold tubs and other recovery methods while progressing “day by day.”

Lakers’ Playoff Situation

Without their leading scorer, the Lakers have relied heavily on James, Austin Reaves and a deep supporting cast. Reaves himself returned from a Grade 2 oblique strain after four weeks. Coach JJ Redick has emphasized patience.

“It’s very simple,” Redick said. “It’s when he’s ready to play, he should play. That comes with the athlete having confidence.”

James highlighted the challenge after Game 1. “We’re playing against the No. 1 defensive team in the NBA,” he said. “When you play against the world champions and miss having a guy that averages 34 and eight and nine and is that special, that’s a major piece missing.”

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The Thunder seized control early in the series, exposing defensive gaps the Lakers hope Doncic’s playmaking and scoring can help close if he returns. Speculation swirls around a possible debut in Games 3 or 4 in Los Angeles, but no guarantees exist. An eight-week timeline from early April would push potential availability into late May.

Medical Debate and Recovery Science

PRP therapy involves drawing a patient’s blood, concentrating the platelets and injecting them into the injured area to promote healing. It has gained popularity in sports for its minimally invasive nature and relatively quick recovery compared to surgery. However, experts like Morse argue its efficacy varies greatly by injury severity and formulation.

Stronger regenerative options, including stem cell variants or exosomes, carry different regulatory and availability considerations, which may have influenced the decision to pursue PRP in Spain — a country known for advanced sports medicine. Doncic consulted with Lakers doctors before the trip.

The extended time between injections extended his absence from the team, though he has been back supporting his teammates throughout their playoff run. The Lakers proved resilient without him against Houston but face a steeper test against Oklahoma City’s elite defense and depth.

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Broader Implications for Lakers Season

Doncic’s prolonged recovery tests the franchise’s depth and raises questions about load management heading into a critical postseason window. James, in his 23rd season, continues to defy age, but the supporting cast has shouldered heavy minutes.

Team officials remain optimistic about Doncic’s long-term outlook, emphasizing a “slow path” to avoid re-injury. History shows Grade 2 hamstring strains can sideline players 4-8 weeks, with recurrence risks if rushed.

Fans and analysts debate whether the Spain trip and PRP choice delayed progress or represented the best available option. Regardless, the focus now shifts to incremental gains: more running, controlled drills and eventually contact work.

Doncic expressed pride in his teammates’ performance. “Everybody had us out,” he said. “We proved it. We can play.” Yet his frustration was palpable as he watches from the sidelines during the sport’s most intense time.

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Looking Ahead

As the series continues, all eyes remain on Doncic’s daily progress. Lakers medical staff will balance his desire to return with the need for full readiness. A premature comeback could jeopardize not only this postseason but future seasons.

For a team that shook up its roster dramatically to pair two generational talents, the injury underscores basketball’s unpredictability. Whether Doncic returns in time to impact this series or sets sights on a deeper run remains uncertain. For now, he continues his methodical rehab, feeling “better every day” while the Lakers fight on without their superstar.

The coming days will prove pivotal. Game 2 tips off Thursday night, with the series shifting to Los Angeles soon after. If the Lakers can steal wins without him, pressure eases. If not, the urgency for Doncic’s return intensifies — provided his body cooperates after what critics call a suboptimal treatment path.

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Raging fire at Mexican fairground kills five, authorities say

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Raging fire at Mexican fairground kills five, authorities say


Raging fire at Mexican fairground kills five, authorities say

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Woolworths Rolls Out Soft Plastics Recycling to 700 Stores Nationwide as Aussies Cheer ‘About Time’

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Savannah Guthrie & Nancy Guthrie

SYDNEY — Woolworths has finally expanded its in-store soft plastics recycling program to more than 700 stores across five states, giving millions of Australian households a convenient way to tackle household waste nearly four years after the collapse of the REDcycle scheme left thousands of tonnes of plastic stockpiled.

Woolworths Supermarket in Baxter, Victoria
Woolworths Supermarket in Baxter, Victoria

The rollout, announced Thursday, marks a major milestone in the supermarket giant’s efforts to restore consumer confidence in recycling. Shoppers can now drop off clean, dry soft plastics — including chip packets, bread bags, frozen food wrappers and bubble wrap — at dedicated bins near the entrance of participating stores.

Since the scheme’s phased reintroduction in 2024, Australians have already recycled an estimated 40 million pieces of soft plastic, equivalent to roughly 310,000 kilograms, according to Woolworths. The program began as a small trial in five Victorian stores in February 2024 and has steadily expanded amid strong public demand.

“About time,” said one Melbourne shopper who dropped off a bag of plastics at her local Woolworths on Thursday morning. Social media erupted with similar sentiments as news of the expansion spread, with many expressing relief after years of uncertainty following REDcycle’s 2022 collapse.

From Crisis to Comeback

The REDcycle program once operated at more than 1,500 supermarket locations but shut down abruptly in late 2022 after revelations of massive stockpiles — estimated at up to 12,000 tonnes — that could not be processed due to limited domestic recycling capacity. The scandal eroded public trust and left many wondering what to do with everyday soft plastics that cannot go in household recycling bins.

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In response, Woolworths, Coles and ALDI formed the Soft Plastics Taskforce, later evolving into Soft Plastics Stewardship Australia (SPSA). The collaborative effort aims to build a more sustainable, industry-led system with better end-market solutions for recycled material.

Woolworths’ latest expansion covers stores in New South Wales, Victoria, Queensland, South Australia and the Australian Capital Territory. Additional locations in Adelaide joined this week, with plans for further growth. The program remains a trial in some areas as infrastructure catches up, but participation has exceeded expectations.

How It Works and What Can Be Recycled

Customers are asked to bring clean and dry soft plastics in a single bag. Acceptable items include plastic bags, food packaging films, cling wrap, biscuit trays and outer packaging from toilet paper or nappies. Items must be free of food residue to avoid contamination.

Collected materials are sorted and sent to specialized recyclers. Woolworths says the plastic is processed into new products such as outdoor furniture, building materials and even new soft plastic packaging, closing the loop where possible. The company is working with partners to develop stronger domestic markets for recycled content.

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Participation is voluntary, and not every Woolworths store has bins yet. A full list of locations is available on the Woolworths website. The supermarket encourages shoppers to check before heading out, as availability varies by state and store size.

Environmental and Community Impact

The expansion comes as Australia grapples with broader plastic waste challenges. Soft plastics make up a significant portion of household waste, much of which previously ended up in landfill or was exported. The new scheme aims to divert thousands of tonnes annually while educating consumers on proper preparation.

Environmental groups have welcomed the move but caution that collection is only one part of the solution. Calls continue for stronger national targets on plastic reduction, better product design and investment in advanced recycling technologies. Critics note that without sufficient processing capacity, collected plastics could still face storage issues.

Woolworths has committed resources to scaling infrastructure. The company is investing in collection logistics and partnering with processors to ensure material doesn’t pile up again. Government support, including funding for new facilities, has helped accelerate progress.

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Customer Reactions and Broader Retail Response

Public response has been overwhelmingly positive. Many shoppers say the convenience of dropping plastics at their regular supermarket removes a major barrier. Online forums and social media groups dedicated to waste reduction have shared tips and celebrated the return of bins.

Coles and ALDI are also expanding their own collections through the joint taskforce, though Woolworths has moved fastest with the largest number of stores. The coordinated approach aims to provide nationwide coverage over time, though remote areas like Tasmania, the Northern Territory and Western Australia remain challenging due to logistics and processing limitations.

Retail analysts say the program helps supermarkets rebuild trust after the REDcycle fallout and aligns with growing consumer demand for sustainability. Woolworths has set ambitious targets for waste reduction across its operations, including goals for circular packaging.

Challenges Ahead

Despite the enthusiasm, hurdles remain. Ensuring consistent quality of collected material is critical. Contamination can render batches unrecyclable. Education campaigns will be key as the program scales.

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Supply chain issues and fluctuating global markets for recycled plastics add complexity. Processors need reliable volumes and stable demand to invest in capacity. The SPSA is working on long-term solutions, including potential mandates for recycled content in new packaging.

Some experts argue that true progress requires reducing soft plastic use at source. Brands are being encouraged to redesign packaging for easier recyclability or to shift toward reusable or compostable alternatives where feasible.

Looking Forward

Woolworths says it will continue expanding the network and monitoring results. Further rollout to more stores is expected in coming months, with data from the trial guiding optimizations. The company is also exploring incentives, such as loyalty program points for recyclers, to boost participation.

For Australian households, the return of soft plastics recycling offers a practical step toward reducing landfill waste. While not a complete solution to the plastic problem, it represents meaningful progress after years of frustration.

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As bins fill across 700-plus Woolworths locations, the message from shoppers is clear: convenient, accessible recycling works. With continued collaboration between retailers, government and industry, the scheme could evolve into a model for effective circular economy practices nationwide.

The expansion underscores a broader shift in Australian retail toward sustainability. What began as a crisis has spurred innovation and renewed commitment. For now, millions of Australians can once again drop off their soft plastics with hope that they will be turned into something useful rather than buried in the ground.

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GameStop Shares Slide 3% as Wall Street Doubts $56B eBay Bid Feasibility Amid Meme Stock Volatility

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FTSE 100 Surges 0.8% Today as Oil Eases and Markets

NEW YORK — GameStop Corp. shares fell more than 3% in morning trading Thursday, trading around $24.41 after closing at $25.17 the previous session, as investors continued to digest skepticism surrounding the video game retailer’s ambitious $56 billion unsolicited takeover proposal for eBay.

Despite poor financial health, shares of GameStop have seen a meteoric rise in recent days
GameStop Shares Slide 3% as Wall Street Doubts $56B eBay Bid Feasibility Amid Meme Stock Volatility
AFP / Chris DELMAS

The decline extends a pullback that began shortly after the surprise bid announcement earlier in the week. While the offer initially sparked excitement among retail traders and sent both stocks moving, Wall Street analysts quickly highlighted significant hurdles, including GameStop’s much smaller market capitalization and questions over financing.

GameStop, led by CEO Ryan Cohen, proposed acquiring eBay at $125 per share in a mix of cash and stock on May 3, aiming to create a combined powerhouse rivaling Amazon in e-commerce. eBay’s board confirmed receipt of the proposal but has not indicated support, with analysts assigning low odds of success.

Bid Details and Immediate Market Reaction

The all-in offer valued eBay at roughly $56 billion, more than four times GameStop’s market cap at the time. Cohen positioned the deal as transformative, leveraging GameStop’s cash reserves, collectibles business and loyal customer base with eBay’s established marketplace platform.

eBay shares initially jumped on the news, while GameStop experienced volatility typical of meme stocks. By Thursday, both had given back gains amid growing doubts. “Limited deal odds,” one analyst noted, citing the massive size disparity and potential shareholder dilution.

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Michael Burry, the investor famous for “The Big Short,” exited his entire GameStop position following the bid announcement, adding to the bearish sentiment. Burry’s move drew attention given his history with the stock.

Company Fundamentals and Recent Performance

GameStop has been transforming under Cohen’s leadership, shifting toward collectibles, digital initiatives and cost-cutting while maintaining a substantial cash pile. In its fiscal fourth-quarter and full-year 2025 results released in March, the company reported net sales of $1.104 billion for the quarter, down from the prior year, but operating income rose to $135.2 million.

Full-year sales declined modestly to $3.63 billion. The company has emphasized efficiency, store optimizations and exploring new revenue streams. Its next earnings report is anticipated around June 9.

Despite these efforts, core retail sales in physical video games continue facing pressure from digital downloads and shifting consumer habits. The collectibles segment has provided some offset, with strength in trading cards and nostalgia-driven merchandise.

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Analyst and Investor Sentiment

Wall Street remains divided. Some see strategic merit in combining GameStop’s brand with eBay’s infrastructure, but most view the bid as aspirational at best. TD Cowen suspended coverage of eBay citing the offer, while others raised price targets on eBay amid the speculation but expressed caution on execution.

Retail investors, many active on platforms like Reddit’s r/Superstonk, remain enthusiastic about Cohen’s vision. The stock retains meme status, with high short interest that can fuel rapid moves. However, broader market participants cite risks including potential significant share issuance to fund any deal and integration challenges.

GameStop’s cash position and lack of substantial debt provide some flexibility, but analysts question whether it could support a deal of this magnitude without heavy dilution — a move that could disappoint long-term holders.

Broader Context in Retail and E-Commerce

The proposal reflects Cohen’s aggressive approach to repositioning GameStop beyond traditional brick-and-mortar gaming retail. With physical game sales declining industrywide, diversification into marketplaces and collectibles makes strategic sense on paper. Yet eBay itself has faced challenges competing with Amazon and specialized platforms.

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The bid comes as GameStop continues store rationalization and invests in areas like retro gaming sections and digital trading cards. Earlier this year, the company launched Power Packs for digital collectibles, signaling a push into Web3-adjacent spaces.

Volatility remains a hallmark. The stock has traded between roughly $20 and $36 over the past year, reacting sharply to news flow, short squeezes and executive moves. Thursday’s decline fits a pattern of “sell the news” following high-profile announcements.

Risks and Potential Outcomes

If the eBay deal advances, it could reshape both companies but faces regulatory scrutiny, shareholder votes and integration risks. If it fails, GameStop must demonstrate progress on its standalone turnaround to justify current valuations.

Short interest hovers around 15%, keeping squeeze potential alive but also exposing the stock to sharp drops on negative sentiment. Upcoming Q1 earnings will provide fresh insight into operational health amid the M&A speculation.

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For investors, GameStop represents a high-risk, high-reward play tied as much to narrative and activism as traditional fundamentals. Cohen’s track record with Chewy lends credibility to bold moves, but scaling that success in retail and e-commerce remains unproven at this level.

Market Outlook

As trading continues Thursday, volume remained elevated, reflecting ongoing interest from both sides. Broader market conditions, including tech sector performance and interest rate expectations, add another layer to sentiment.

GameStop has defied skeptics multiple times through retail fervor, but sustaining momentum requires tangible progress. Whether the eBay bid becomes a catalyst for reinvention or a cautionary tale of overreach will unfold in coming weeks and months.

For now, the stock’s dip underscores Wall Street’s preference for proven execution over ambitious vision. Meme stock enthusiasts see it as a buying opportunity, while traditional investors urge caution. The coming days, including any response from eBay’s board, could dictate the next chapter in GameStop’s storied volatility.

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Is The Market Starting To Go Parabolic? (SP500)

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Is The Market Starting To Go Parabolic? (SP500)

This article was written by

Michael James McDonald is a stock market forecaster, author and former Senior Vice President of Investments at what is now Morgan Stanley. He is a long-term advocate of the theory of contrary opinion and the measurement of investor sentiment when forecasting price direction.His first book, ” A Strategic Guide to the Coming Roller Coaster Market” was published in July of 2000, three months before the top of the dot comm market. On its cover was written, “How a new model of the stock market predicts the end of the 18-year bull market (1982-2000) and the beginning of a new era.” The “new era” was to be a long-term (roller coaster) trading range market, which did materialize between 2000 and 2009.A second book titled, “Predict Market Swings With Technical Analysis” was published by Wiley and Sons in 2002.Then, on August 31st, 2010, in a Seeking Alpha article titled: “The 10 Year Trading Range Is Over – The ‘Final Stampede’ Has Begun”, he called an end to the ten year trading range market and the start of another long-term bull market, which also came about.He says, “It’s long been observed that 50% or more of a stock’s price can be driven by the emotions of fear and greed alone. A universal warning sign is when ‘too many’ investors expect the same thing. When ‘too many’ investors expect a stock to go up, it generally goes down – and vice versa. The key is having metrics that measure when ‘too many’ investors are expecting something. This is what the Sentiment king has developed over the years.”Through his company the Sentiment King, he continues to study and measure investor psychology in an effort to successfully forecast major stock trends – and help others see them too.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of QQQ either through stock ownership, options, or other derivatives. 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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$19bn order boosts Belfast Airbus factory

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$19bn order boosts Belfast Airbus factory

Malaysian airline Air Asia places an order for 120 Airbus A220s, the wings of which are made in Belfast.

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Jefferies raises Praxis Precision Medicines stock price target on pipeline catalysts

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Jefferies raises Praxis Precision Medicines stock price target on pipeline catalysts

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Miners lead Aussie shares higher on peace hopes

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Miners lead Aussie shares higher on peace hopes

Australia’s share market has lifted for a second straight session on hopes the US and Iran can strike a deal to end the conflict in the Persian Gulf.

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