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Legrand opens new job-creating Northumberland ‘centre of excellence’

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The Cramlington base was first announced in 2024 with the expectation it would create 200 new jobs

Legrand has opened its new North East centre of excellence.

Legrand has opened its new North East centre of excellence.(Image: Legrand)

European manufacturing giant Legrand has launched a new electronics base in Northumberland which is expected to create scores of new jobs.

The group initially revealed plans to open a new North East base back in 2024, as part of a strategy to set itself up closer to the region’s growing offshore renewable energy cluster. The new base is designed to supplement its existing UK sites, including its Birmingham head office and bases in Wembley, Scarborough and Consett.

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Construction started in 2024 on a 43,000 sqft facility in Cramlington, with 200 new jobs to be created. Legrand UK & Ireland has now opened the electronics manufacturing facility at Nelson Park, which directors said establishes a new centre of excellence for the Legrand Group in Europe.

The site is home to Legrand’s CP Electronics lighting controls and Legrand Care brands, positioned close to the North East’s growing clean energy sector and skilled workforce. The new manufacturing site will extend Legrand’s presence in the UK, which spans more than 40 years.

The company said it has been designed and built with net zero principles at its core, and that the facility is entirely gas-free. An air source heat pump system provides heating and cooling across the site. It is also fitted with a rooftop solar PV array with an installed capacity of 163 kilowatt-peak, expected to generate close to 128,000 kWh annually, significantly reducing reliance on grid electricity.

Inside Legrand's Cramlington base.

Inside Legrand’s Cramlington base.(Image: Legrand)

The site also incorporates EV charging infrastructure, sustainable drainage, permeable paving and high-performance insulation.

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The facility has also been equipped with Legrand’s own products where possible, including its Linea 5000 door entry panels, cable management solutions and digital energy metering technology. Bosses said the systems contribute to the site’s connectivity and energy efficiency while serving as a working showcase for the company’s product portfolio.

Paolo Murdocca, COO at Legrand UK & Ireland, said: “This facility represents a significant milestone for Legrand in the UK. We have built a site that not only strengthens our manufacturing capability but also reflects the standards we set for our customers.

“Cramlington gives us a modern, sustainable base from which to grow our CP Electronics and Legrand Care brands, and it demonstrates that high-quality electronics manufacturing and genuine environmental responsibility can go hand in hand. The North East offers exactly the skills and supply chain we need, and we are proud to be investing here for the long term.”

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Cob expanding sorghum-based product line

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Cob expanding sorghum-based product line

Sorghum-based chips follows company’s launch of its sorghum-based popcorn.

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Jamie Dimon says JPMorgan Chase could do $20 billion acquisition

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Jamie Dimon says JPMorgan Chase could do $20 billion acquisition

Jamie Dimon, CEO of JPMorgan Chase, speaks at the American Business Forum at the Kaseya Center in Miami on Nov. 6, 2025.

Chandan Khanna | AFP | Getty Images

JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank could spend up to $20 billion on an acquisition in the coming years.

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A deal that size would be the largest of Dimon’s 20-year tenure atop JPMorgan and test regulators’ appetite for consolidation among the biggest U.S. banks.

“I do think there might be opportunities, and so we are on the lookout,” Dimon told analysts at a New York financial conference.

“There might be, in the next couple years, a chance to put $10 [billion] or $20 billion to work buying something,” Dimon said.

The comments came with caveats. Dimon framed acquisitions almost as a tool of last resort, not a growth strategy, and warned that bankers who lean too hard on dealmaking are often compensating for poor organic growth.

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“You sit around a lot of management meetings, the first thing they do when they’re not doing well in organic growth is they start to bulls–t about [mergers and acquisitions],” Dimon said. “I don’t want to hear about M&A … What are you doing to grow your business — sales, branches, tech, profits, products, services?”

Any takeover target, he said, would need to integrate cleanly into JPMorgan’s existing operations, fit the bank’s culture, and enhance core businesses rather than sit as a separate standalone unit.

“It can’t be just a pie-in-the-sky type of thing,” Dimon said.

JPMorgan has mostly grown organically in recent years, with the notable exception of its FDIC-assisted acquisition of First Republic Bank in 2023. It made a $10.6 billion payment to the regulator as part of that transaction.

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Under Dimon, the bank’s largest and most consequential M&A deals were mostly crisis-era acquisitions of regulated banks, including First Republic, Bear Stearns and the retail operations of Washington Mutual.

The firm also acquired a string of smaller fintech firms but slowed down after spending $175 million to acquire Frank in 2021, a college aid startup that was later revealed to be a fraud.

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Medtronic shares may move 4.1% on June 3 earnings release

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Medtronic shares may move 4.1% on June 3 earnings release

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Americans want to make it easier to build in their communities, poll finds

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New homes save buyers over $25K in first decade versus older properties

Americans remain optimistic about the country’s ability to harness innovation and think it should be easier to build things in America, while they’re also skeptical about the government’s role in solving the issues confronting the nation, a new survey finds.

The findings of the Ronald Reagan Institute’s Reagan National Economic Survey, reviewed exclusively by FOX Business, showed that 65% of registered voters were optimistic about American-led innovation in areas like medicine, energy and artificial intelligence (AI) – including 81% of Republicans, 59% of Democrats and 57% of Independents.

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“Americans are really optimistic about our future, which isn’t something that you would get just by looking at the media and kind of day-to-day portrayals of where Americans are,” Dan Rothschild, director of the Center for Civics, Education, and Opportunity at the Reagan Institute, told FOX Business.

“Members of Gen Z in particular have a 50-point net positive rating on the ability of American science and technology to build a better future. For a generation that’s widely described as being pessimistic, I thought that was a really stark finding,” he added.

HIGH ENERGY PRICES RISK KEEPING INFLATION ABOVE 2% TARGET, CONCERNING FED POLICYMAKERS

Construction workers builds home with US flag in background

The Reagan National Economic Survey found that Americans think it’s generally too hard to build housing in their communities. (Joshua Lott/Bloomberg via Getty Images)

The survey asked Americans if they think it’s too hard, too easy or about right in terms of the difficulty of building housing, roads and highways, and factories in their communities – with respondents saying it’s generally either too hard or about right. 

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In terms of housing, the survey found that 54% think it’s too hard to build homes versus 36% who said it’s about right, with 9% saying it’s too easy. 

The share of voters saying the difficulty is about right for building new roads and highways (48%) narrowly outpaced those saying it’s too hard (44%), and was well above the 8% who said it’s too easy. A similar pattern played out for factories, with 45% saying the ease of building was about right, while 43% said it’s too hard and 11% said it’s too easy.

“I was positively impressed by how much Americans want to build,” Rothschild said. “The vast majority of Americans believe that it is either too hard to build one or more of those types of facilities or that it’s just about right. Nobody believes, effectively, that we’re building too much.”

US NATIONAL DEBT BREACHES $39 TRILLION MILESTONE FOR FIRST TIME AMID SPENDING SURGE

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Ronald Reagan delivers an address

The survey also asked Americans about their views of former President Ronald Reagan’s economic policies. (Diana Walker/Getty Images)

The survey also asked Americans about their views regarding former President Ronald Reagan’s economic policies as commander-in-chief, finding a strong plurality believes his policies were generally positive for the country. It found that 47% of respondents said Reagan’s policies were good for America, versus 31% who said they weren’t. 

There was a notable partisan split on the question, with Republicans favoring Reagan’s policies good for the country by a 78% to 4% margin. Independents generally agreed, albeit by a smaller margin of 42% to 32%. 

A majority of Democrats took the opposite view, with 52% saying his policies were bad for America and 24% saying they were good for the country.

“You’ve got a loud group, mostly online, saying that President Reagan’s economic projects were bad for America, that we need to reject so-called ‘zombie Reaganism.’ We find basically no data that there’s a group of Republicans and Republican-leaning voters that believe this,” Rothschild said.

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TRUMP SLAPS CANADA WITH EXTRA 10% TARIFF OVER ‘FRAUDULENT’ REAGAN ADVERTISEMENT: ‘HOSTILE ACT’

ronald-reagan-speaking

Americans largely agree that Reagan’s statement that government is the problem, rather than a solution, is true today. (Getty Images)

Voters were also asked whether they agree with Reagan’s statement from his first inaugural address that, “In our present crisis, government is not the solution to our problem; government is the problem.”

The question found broad agreement among Americans, with 81% of registered voters saying they think that statement is true today. That figure includes 93% of Republicans, 82% of Independents and 69% of Democrats.

“It probably means different things to different respondents and different voters. But I take away from it that it’s a vote of confidence in the American people, in American business, in American civic society – and not a vote of confidence in politicians to fix what’s wrong with America,” Rothschild said.

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Modine Manufacturing Company 2026 Q4 – Results – Earnings Call Presentation (NYSE:MOD) 2026-05-27

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Q4: 2026-05-26 Earnings Summary

EPS of $1.71 beats by $0.16

 | Revenue of $954.40M (47.47% Y/Y) beats by $33.72M

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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American Airlines sees resilient demand cushioning fuel-price hit

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American Airlines sees resilient demand cushioning fuel-price hit


American Airlines sees resilient demand cushioning fuel-price hit

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Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%

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Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader markets however showed resilience, ending the session in the green.

Sensex declined 142 points to close at 75,868 while Nifty 50 fell 7 points to end the session at 23,907. This came even as India VIX, which measures volatility in markets fell 6% to 15.24.

HDFC Bank shares were the top losers on Sensex, falling nearly 3% after a report on an internal probe over Rs 45 crore interest payments spooked investors, although the bank rejected wrongdoing claims. ICICI Bank, ITC, Infosys, Hindustan Unilever and Tech Mahindra shares followed, closing with marginal losses. On the other hand, Power Grid shares gained nearly 3%. Zomato-parent Eternal, NTPC, Tata Steel, IndiGo and Maruti Suzuki shares followed, gaining up to 3%.

Nifty Midcap 100 index gained 0.5% while Nifty Smallcap 100 index rose 0.2%. Sectorally, Nifty Media and Nifty Metal gained around 3% and 2% respectively. Nifty Financial Services, Nifty Bank and few other indices meanwhile closed up to 1% lower. Around 1,535 stocks declined on NSE, while 1,772 advanced and 115 remained unchanged.

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US and Iran appear to be closing in on the much-awaited deal to end the war in the Middle East and open up the Strait of Hormuz, but tensions simmer after the US conducted strikes on Iran. Tehran on Tuesday said that the US had violated a ceasefire by striking targets near the contested Strait of Hormuz, potentially complicating efforts to bring the war to a close.


Iran’s foreign ministry said US strikes in Iran’s southern Hormozgan province, where Iranian media reported sounds of explosions early on Tuesday, represented a “gross violation” of the ceasefire in place for nearly seven weeks. The US said its attacks were defensive in nature, targeting missile sites and boats attempting to lay mines.
Israel meanwhile pounded Lebanon with more than 120 air strikes on Tuesday in one of the heaviest days of bombing in weeks, Lebanese security sources said. Iran has sought an end to Israeli attacks in Lebanon as part of any peace deal.Oil prices remained below the crucial $100 per barrel mark. Brent crude futures declined nearly 3% to trade at $97 per barrel, while WTI Crude futures also fell around 4% to trade at $90 per barrel.

Rupee ends unchanged
Rupee ended the session almost unchanged, up 1 paise at 95.69 against US dollar. Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, highlighted that the sharp rise in oil prices seen yesterday after US’ strikes on Iran again increased pressure on the rupee due to concerns over India’s import bill and inflation outlook.

FII selling resumes
Foreign investors remained net sellers of Indian equities on Tuesday, net selling shares worth Rs 2,408 crore on Dalal Street, according to provisional data on NSE. This came after FIIs net bought Indian shares worth more than Rs 2,115 crore on Monday, snapping a four-day long net selling streak.

Foreign investors have overall remained bearish on Indian markets so far in May, remaining net sellers of Indian equities for 12 out of 17 sessions.

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Global markets
Asian markets remained mixed on Wednesday morning. South Korea’s Kospi jumped more than 2%, while Japan’s Nikkei gained over 0.5%. Hong Kong’s Hang Seng and China’s Shanghai Composite however fell more than 1% each.

Wall Street ended the previous session in the deep green, with the tech-heavy Nasdaq gaining more than 1%. Dow Jones futures are currently in the green with marginal gains, indicating a positive start for the American stock market later today.

European markets had delivered mixed performance yesterday, with France’s CAC and Germany’s DAX declining around 1% each, while UK’s FTSE closed slightly higher in the green. The markets are however in the deep green today.

(With inputs from agencies)

(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of The Economic Times)

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(PHOTO) Selena Gomez Turns Heads in Bold Cutout Backless Top During London Outing for Only Murders Season 6

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Selena Gomez

LONDON — Selena Gomez drew attention during a relaxed stroll through London, sharing a stylish Instagram carousel on May 26 that captured her off-duty moments while filming the sixth season of the hit Hulu series “Only Murders in the Building.” The actress showcased a daring ivory sleeveless backless top featuring a prominent oval cutout and delicate tie detail, paired with loose light-wash baggy jeans.

The post, which quickly gained traction among her global fanbase, highlighted Gomez’s easygoing summer style amid her busy filming schedule in the British capital alongside co-stars Steve Martin and Martin Short. Her caption playfully referenced spending significant time with Martin, adding a lighthearted touch to the series of personal snapshots.

In the images, Gomez appeared radiant with her hair pulled back casually. One standout photo featured the striking cutout top that accentuated the ensemble’s modern edge, while another showed her in a white scoop-neck minidress posing with friends in front of the iconic Big Ben landmark. A separate shot captured her wearing a white tank top with gold earrings, highlighting a sun-soaked selfie with vibrant pink blush and matching lip color.

Fashion Choices Spark Conversation

The backless cutout top emerged as the focal point of the post, blending relaxed comfort with bold design elements. Fashion observers noted how the airy silhouette and tie-back detail created a sophisticated yet approachable look suitable for a casual city outing. Gomez completed the ensemble with a mustard-yellow top-handle bag, striking a balance between trendy and effortless.

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Her choice of baggy light-wash jeans aligned with current summer trends favoring loose, comfortable silhouettes. The look reflected Gomez’s evolving personal style, which often mixes high-fashion statements with everyday wearability. Fans quickly praised the ensemble, with one commenting, “London looks SO good on you!!” Another wrote, “just radiant?.” A third added, “This feels so whimsical ?.”

Filming and Professional Commitments

Gomez’s London visit centers on production for Season 6 of “Only Murders in the Building,” the popular comedy-mystery series that has earned critical acclaim and strong viewership since its 2021 debut. The show follows three strangers who bond over their shared interest in solving murders in their upscale New York apartment building.

Martin and Short, who portray Gomez’s co-stars, have developed a close on-screen and off-screen dynamic with the actress. Her humorous caption about spending excessive time with Martin underscored the camaraderie among the cast during international filming locations. Production details for the new season remain closely guarded, but the London setting suggests fresh storylines that may take the characters beyond their familiar Manhattan surroundings.

The series has provided Gomez with a major acting platform beyond her music and producing work. She has received multiple award nominations for her performance, contributing to the show’s status as one of Hulu’s flagship comedies.

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Broader Career Context

At 33, Gomez continues to balance multiple creative pursuits. In addition to acting, she maintains a successful music career, beauty brand Rare Beauty, and various producing projects. Her authentic approach to sharing personal moments on social media has helped cultivate a loyal following exceeding 400 million on Instagram.

The London photos arrive shortly after other public appearances, including a recent Los Angeles outing where she wore a white tank top. Her willingness to share glimpses of her life resonates with fans who appreciate her relatability despite her celebrity status.

Gomez has been open about her journey with mental health, lupus and personal growth. These candid moments, combined with professional achievements, have positioned her as a multifaceted figure in entertainment. Her fashion choices often spark trends, influencing young audiences who follow her style evolution from Disney Channel roots to red carpet sophistication.

Fan and Media Reaction

Social media responses highlighted both admiration for her fashion and excitement about the new season. The carousel post generated significant engagement, with followers praising her glow and sense of whimsy during the London trip. Media outlets quickly picked up the images, noting how Gomez continues to set casual style benchmarks.

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The appearance of her ribcage tattoo, first debuted in 2014 with Arabic script, was visible in some shots, prompting nostalgic comments from longtime fans. This blending of personal history with current moments adds depth to her public persona.

Industry Trends and Cultural Impact

Gomez’s fashion moment reflects wider conversations around celebrity style in the social media era. Her preference for comfortable yet statement-making pieces mirrors a shift toward authenticity over rigid glamour. The cutout trend has gained popularity among various celebrities, but Gomez’s execution stood out for its elegant restraint.

“Only Murders in the Building” itself represents a successful model of star-driven streaming content. The show’s blend of humor, mystery and heartfelt character work has sustained audience interest across multiple seasons. Filming in London adds international appeal and production value.

Industry analysts note that such cross-continental shoots help elevate projects while providing cast members with varied experiences. For Gomez, the opportunity to work in historic cities like London complements her global influence as a singer, actress and entrepreneur.

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Looking Ahead

As filming continues, anticipation builds for Season 6’s release. Details about plot developments, guest stars and creative direction remain limited, but the involvement of the core trio suggests continuity with the show’s beloved tone. Gomez’s social media activity often serves as subtle promotion, keeping fans engaged during production periods.

Her London visit also highlights the increasing internationalization of American streaming productions. With growing audiences worldwide, shooting on location has become a strategic choice for authenticity and broader appeal.

Gomez’s ability to navigate high-profile projects while maintaining a grounded public presence continues to distinguish her career. Whether through fashion statements, music releases or acting roles, she consistently connects with diverse demographics. The latest Instagram post reinforces her status as both a style influencer and dedicated professional.

As summer progresses, observers expect more glimpses into her London experience and insights into the upcoming season. For now, the images of Gomez enjoying the city while working on a beloved project capture a moment of balance between personal enjoyment and professional dedication in one of entertainment’s most dynamic careers.

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Russell T Davies Slams Gwyneth Paltrow Over Criticism of Intimacy Coordinators on Film Sets

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77th Golden Globe Awards - Arrivals - Beverly Hills, California, U.S., January 5, 2020 - Gwyneth Paltrow

LOS ANGELES — British screenwriter and producer Russell T Davies has sharply criticized Gwyneth Paltrow’s recent comments questioning the role of intimacy coordinators on Hollywood sets, describing the debate as one of the most divisive issues in the industry today.

Paltrow, 53, made the remarks while discussing her work on the upcoming sports drama “Marty Supreme” opposite Timothée Chalamet. In an interview with Vanity Fair, she expressed discomfort with detailed choreography for intimate scenes, saying she comes from an era where performers simply got into character without extensive planning.

“I was like, ‘Girl, I’m from the era where you get n***d, you get in bed, the camera’s on,’” Paltrow said. “We said, ‘I think we’re good. You can step a little bit back.’”

Davies, known for creating acclaimed series such as “Doctor Who,” “Years and Years” and “It’s a Sin,” pushed back strongly. Sources close to the writer told media outlets that Paltrow’s perspective reflects the position of established stars with significant power, while many actors with less influence rely on intimacy coordinators for safety and protection.

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“This has become one of the most divisive arguments in Hollywood,” one report quoting industry insiders summarized Davies’ view.

Rise of Intimacy Coordinators Post-#MeToo

The use of intimacy coordinators became standard practice in film and television following the #MeToo movement, which exposed widespread sexual harassment and abuse in the entertainment industry. These professionals help choreograph intimate scenes, obtain consent, and ensure actors feel comfortable and protected during filming.

Advocates argue the role has improved working conditions, particularly for younger performers and those without the leverage of major stars. Critics, including Paltrow, contend that excessive coordination can reduce spontaneity and authenticity in performances.

Paltrow’s comments have reignited discussions about power dynamics on sets. Supporters of intimacy coordinators point out that what may feel unnecessary for a veteran actress with decades of experience and industry clout could be essential for emerging talents navigating unequal power structures.

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Kim Basinger Echoes Similar Sentiments

Veteran actress Kim Basinger expressed comparable views in a recent Variety interview. She questioned the need for coordinators directing physical interactions.

“I can’t imagine having somebody come up to me and say, ‘Do you mind if they put their hand here?’” Basinger said, adding that such oversight might spoil the natural flow of intimate moments.

The contrasting opinions highlight a generational and experiential divide within Hollywood. While some established performers prefer the more free-form approaches of previous decades, many current industry standards emphasize clear boundaries and professional facilitation.

Industry Response and Broader Context

Intimacy coordinators are now routinely employed on major productions, with guilds and studios formalizing their involvement. The Screen Actors Guild-American Federation of Television and Radio Artists has supported their use as part of efforts to create safer workplaces.

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Davies’ criticism underscores concerns that high-profile dismissals of the practice could undermine progress made since #MeToo. Industry observers note that while the system is not perfect, it addresses real vulnerabilities faced by performers in vulnerable situations.

Paltrow has long been vocal about various aspects of filmmaking and personal wellness through her Goop brand. Her stance on this issue aligns with a preference for actor-driven decisions over external oversight. However, it has drawn accusations of being out of touch with the realities faced by less powerful cast and crew members.

Ongoing Debate in Hollywood

The controversy arrives amid continued efforts to reform industry practices. Multiple high-profile productions have credited intimacy coordinators in recent years, citing improved actor experiences and fewer incidents of misconduct. Yet resistance persists from some quarters who view the role as intrusive or overly clinical.

Film historians point to past eras where intimate scenes were often handled informally, sometimes leading to uncomfortable or exploitative situations. The shift toward professional coordination represents a broader cultural change prioritizing consent and psychological safety.

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Directors and producers find themselves navigating these discussions on individual projects. Some embrace coordinators as valuable collaborators, while others worry about creative constraints. The debate has extended to awards season conversations and industry panels.

Impact on Younger Actors

Advocates emphasize that intimacy coordinators are particularly beneficial for early-career performers. These actors may feel pressure to agree to scenes without adequate preparation or support, especially when working opposite established names.

Reports from recent productions highlight how coordinators facilitate communication between actors, directors and crew, establishing boundaries before filming begins. This structured approach reportedly reduces anxiety and allows performers to focus on their craft.

Paltrow’s collaboration with Chalamet, a younger actor rising rapidly in prominence, added another layer to the discussion. The age and experience gap between the two stars brought power dynamics into sharper focus.

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Future of Intimacy Practices

As Hollywood continues evolving, the role of intimacy coordinators appears firmly established, though subject to ongoing refinement. Studios have invested in training programs and guidelines to standardize best practices across productions.

Russell T Davies, with his extensive experience writing complex character-driven stories, has consistently advocated for respectful workplace environments. His latest comments reinforce the view that safety measures should not be optional based on star status.

The conversation reflects larger societal shifts around consent, vulnerability and professional boundaries in creative fields. What began as a response to documented abuses has grown into a structured part of modern filmmaking protocols.

Paltrow has not publicly responded to Davies’ criticism. The exchange has fueled social media discussions, with opinions divided between those valuing traditional approaches and those supporting institutional safeguards.

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As “Marty Supreme” moves through post-production, the film may face additional scrutiny regarding its handling of intimate content. The broader industry watches closely as these debates influence future casting, directing and production decisions.

The tension between artistic freedom and performer protection remains unresolved for some, but the prevailing trend favors structured support systems designed to protect all involved. Davies’ intervention adds a prominent voice to calls for maintaining these standards across all levels of the industry.

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Paysign, Inc. (PAYS) Presents at 20th Annual Barrington Research Virtual Spring Investment Conference – Slideshow

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Paysign, Inc. (PAYS) Presents at 20th Annual Barrington Research Virtual Spring Investment Conference – Slideshow

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