Antonelli’s Father Issues Championship Warning to Surging Mercedes Title Leader

Kimi Antonelli is leading the 2026 Formula 1 world championship by 43 points over Mercedes team-mate George Russell, but his father Marco has urged the 19-year-old not to relax. Antonelli became the first driver in F1 history to win his first four races consecutively, taking victories in China, Japan, Miami and Canada. “It’s a great moment, of course — but it’s also dangerous,” Marco told F1-Insider. “Because now we are at the top. But one mistake and you’re down.” Antonelli himself downplayed talk of the title: “I’m not thinking about the championship. I’m just focusing on race by race.”

PlanetF1

Leclerc Signs Two-Year Contract Extension With Ferrari Through 2028

Ferrari announced a new contract with Charles Leclerc ahead of his home race in Monaco, extending the Monegasque’s stay at Maranello through 2028. Sky Sports News understands Leclerc’s previous deal was due to expire at the end of this year. The 28-year-old has driven for Ferrari since 2019 and won eight grands prix with the team. “I couldn’t be happier to continue this journey,” said Leclerc. “Together we’ve shared incredible moments and some tougher ones, but I believe in this team more than ever.” Team principal Frederic Vasseur called the renewal “something very natural” as Ferrari sit second in the Constructors’ Championship, 72 points behind Mercedes.

RaceFans, Sky Sports F1

FIA Confirms Unique Power Unit Restrictions for Monaco Grand Prix

The FIA has confirmed unusual power unit restrictions for this weekend’s Monaco Grand Prix, unlike any seen at other circuits so far in 2026. The FIA said the restrictions are designed to optimise F1’s power units for Monaco’s unique demands. Drivers will receive the maximum 9MJ recharge per lap in qualifying and in the race with Overtake Mode active, but are limited to 8.5MJ without it. MGU-K deployment scales down from 350kW at 200kph, rather than the usual 290kph threshold. Drivers without Overtake Mode will have less than 50kW available at 290kph, compared to the full 350kW at other tracks this season.

RaceFans

Aston Martin Debuts Colour-Shifting Iridescent Livery for Monaco Grand Prix

Aston Martin has unveiled a special one-off livery for the Monaco Grand Prix that will visibly change colour as Fernando Alonso and Lance Stroll lap the circuit. The team said the AMR26’s new look features “a colour-shifting, iridescent finish created using a specialist wrap material.” Matching race suits will be worn by both drivers, while the number one mechanics will also wear specially designed overalls and helmets. It marks Aston Martin’s first livery change in 2026; their previous one-off design was at the United States Grand Prix in the second half of 2025. McLaren are also running a special livery this weekend, celebrating their 1000th Formula 1 grand prix start.

RaceFans

Golden Knights Aim to Keep Momentum, Push for 2-0 Series Lead in Game 2

The Vegas Golden Knights arrive in Raleigh for Thursday’s Game 2 riding a franchise-record seven-game winning streak, having outscored opponents 27-14 during that run. Vegas has not lost since May 10, a span of 24 days. Coach John Tortorella dismissed any notion of settling for a road split. “We want to keep the momentum on our side, so there’s no question we’re looking to get two,” Tortorella said ahead of Game 2 at Lenovo Center (8 p.m. ET, ABC). Teams that take a 2-0 series lead in a Cup Final own an all-time record of 50-5. Game 2 is tonight at Lenovo Center in Raleigh.

NHL.com

TSN’s Dreger: Jonathan Toews ‘Seems Likely’ Retiring After Jets Comeback

TSN Hockey Insider Darren Dreger reported Wednesday that Jonathan Toews is likely to retire, potentially ending the 38-year-old’s NHL career after a one-year comeback with the Winnipeg Jets. “Nothing official, but at this point it seems likely Jonathan Toews is retiring,” Dreger wrote. Toews had been away from hockey for two seasons managing Chronic Immune Response Syndrome and Long COVID before signing with the Jets, his hometown team, last summer. He appeared in all 82 games this season, scoring 11 goals and adding 18 assists. Toews finishes with 383 goals and 529 assists in 1,149 career games, having won three Stanley Cups with the Chicago Blackhawks.

TSN

Jon Cooper Wins 2026 Jack Adams Award in Closest Three-Way Race in Decades

Tampa Bay Lightning coach Jon Cooper won the 2025-26 Jack Adams Award as the NHL’s top coach on Wednesday. Cooper received 36 first-place votes and 226 voting points, narrowly edging Buffalo Sabres coach Lindy Ruff (223 points) in the closest three-way race since balloting results were first published in 1983-84. Cooper guided Tampa Bay to a 50-26-6 record with 106 points, securing the Lightning’s ninth consecutive playoff berth. He was presented the trophy at Tampa General Hospital while attending a ribbon-cutting for his Coop’s Catch for Kids Family Lounge, funded through his charity fishing tournament. It was Cooper’s first Jack Adams Award.

NHL.com

McKenna’s Tattoo, Czech Goalies Headline 2026 NHL Scouting Combine in Buffalo

The 2026 NHL Scouting Combine in Buffalo continued Wednesday with projected No. 1 pick Gavin McKenna, 18, displaying a forearm tattoo honoring his grandfather, Joe Mason, a survivor of Canada’s Indian residential school system. “This is my cabin that my grandpa built,” McKenna said of the tattoo, which depicts his family’s Yukon cabin and his Indigenous clan animal. The Toronto Maple Leafs hold the top pick in the June 26-27 draft at KeyBank Center after winning the lottery in May. Five of the top six North American netminder spots in the Central Scouting rankings were taken by Czech-born goalies, led by Michal Orsulak of Prince Albert at No. 2.

NHL.com

Islanders Exploring Barzal Trade; Trocheck, Skinner Among Names on the Move

With NHL free agency just under a month away, TSN reported Wednesday that the New York Islanders are exploring the trade market for star centre Mathew Barzal, who carries a $9.15 million cap hit through 2030-31. Barzal, 29, produced 19 goals and 72 points in 81 games this season. The New York Rangers’ Vincent Trocheck, whose $5.65 million contract runs through 2028-29, is also generating interest, with the Montreal Canadiens expected to circle back after a trade fell through at the deadline. In Pittsburgh, goaltender Stuart Skinner appears unlikely to be re-signed, while Anthony Mantha is expected to find a new team after a career-high 33-goal season.

TSN

Devils Legend Patrik Elias Named General Manager of Czech National Hockey Team

Former New Jersey Devils star Patrik Elias was named general manager of the Czech men’s national hockey team on Wednesday. Elias, who spent 20 seasons with the Devils and played 1,240 NHL games before retiring after the 2015-16 season, has spent the past three years as a sports advisor with HC Slavia Prague. Czech Hockey president Alois Hadamczik cited Elias’s knowledge of both NHL players and players in the Czech Republic in the appointment. Elias won two Stanley Cups with New Jersey and, on the international stage, won bronze at the 2006 Winter Olympics and at the 1998 and 2011 IIHF World Championships.

TSN

Sánchez’s Historic 50⅔ Scoreless Innings Streak Ends vs. Padres; Phillies Win 3-2

Cristopher Sánchez’s historic consecutive scoreless innings streak came to an end Wednesday when Jackson Merrill poked a two-out RBI single to left field in the seventh inning, but the Philadelphia Phillies prevailed 3-2 over the San Diego Padres. Sánchez earned the victory, striking out eight and allowing four hits and one walk in seven innings. His streak ended at 50⅔ innings — the fifth-longest single-season mark since 1893 and the longest ever recorded by a left-handed pitcher. Only Orel Hershiser (59 innings, 1988) and Don Drysdale (58, 1968) have had longer single-season streaks in the modern era.

CBS Sports, MLB.com

Ramírez, Williams Lead Guardians to 5-4 Win at Yankee Stadium; Cade Smith Earns League-Leading 21st Save

José Ramírez hit one of Cleveland’s three home runs off Gerrit Cole and finished with three hits as the Guardians defeated the New York Yankees 5-4 Wednesday night. Kyle Manzardo homered for the second straight game at Yankee Stadium and doubled twice, while Rhys Hoskins added a homer and three RBIs. Gavin Williams (9-3) struck out six in 5⅓ innings, winning his fourth consecutive start. Cade Smith earned his major league-leading 21st save — his 18th in a row. Cleveland improved to 10-1 on the road since May 6 and claimed its first series win at Yankee Stadium since September 2021.

ESPN, CBS Sports

Astros Rally From Five Down With Six-Run Eighth to Beat Pirates 11-9; Hader Debuts

Cam Smith hit a tiebreaking two-run triple to cap Houston’s six-run eighth inning, and the Astros overcame a five-run deficit to beat the Pittsburgh Pirates 11-9 Wednesday night. Josh Hader made his season debut, working a scoreless ninth inning to record the save and end Pittsburgh’s four-game winning streak. Yordan Alvarez had four hits and two RBIs, while Smith and Isaac Paredes each finished with two hits and three RBIs. Henry Davis hit his first career grand slam for Pittsburgh in the fourth inning, and Nick Gonzalez added a homer, double, and three RBIs. AJ Blubaugh (3-2) earned the win in relief.

ESPN, CBS Sports

Aaron Judge Day-to-Day With Bone Bruise in Rib Affecting Right Shoulder

Aaron Judge is day-to-day with a bone bruise in his right rib that is irritating his right shoulder, the New York Yankees announced. Manager Aaron Boone said the injury had been bothering Judge for a couple of weeks before becoming more pronounced during a recent series in Sacramento. The outfielder met with team physician Dr. Christopher Ahmad and was scheduled to see a specialist Wednesday. Judge is batting .248 with 17 homers and 38 RBIs but has hit just one home run in his last 18 games since May 10. The Yankees fell 5-4 to the Cleveland Guardians in their series finale Wednesday.

ESPN, NBC Sports

Melton Retires Final 17 Batters, Dingler Drives in Four as Tigers Sweep Rays 7-2

Troy Melton retired the final 17 Tampa Bay batters he faced Wednesday as the Detroit Tigers completed a three-game sweep of the Rays with a 7-2 victory at Tropicana Field. Melton allowed two runs in a career-long eight innings on 94 pitches, holding the Rays to four hits and striking out five — his third start after opening the year on the 60-day injured list with right elbow inflammation. Catcher Dillon Dingler drove in four runs, including a three-run home run in the fourth inning. Detroit scored 25 runs on 19 extra-base hits across the three-game series at Tampa Bay.

ESPN, MLB.com

Bichette Goes 4-for-4, Peralta Strong as Mets Topple Mariners 7-1

Bo Bichette recorded his 19th career four-hit game — and first since signing a three-year, $126 million deal with New York in the offseason — leading the Mets to a 7-1 victory over the Seattle Mariners Wednesday. Bichette drove in three runs, capped by a tiebreaking broken-bat single to center field in the fourth inning. Freddy Peralta (4-4) allowed one run on six hits in six innings, striking out six while holding Seattle 0-for-4 with runners in scoring position. George Kirby (5-5) was chased after four innings. Seattle played without first baseman Josh Naylor, sidelined by back spasms.

ESPN, CBS Sports

Pittsburgh Pirates Quietly Emerge as One of Baseball’s Most Productive Offenses

The Pittsburgh Pirates have emerged as one of baseball’s most productive offenses. Through 61 games, the club ranks among the top eight in all three triple-slash categories and averages 5.1 runs per game, fifth in MLB. Bryan Reynolds leads the team with a .403 on-base percentage and is on pace to walk nearly 130 times this season. Brandon Lowe leads the club with 15 home runs, tied for fourth in the National League. Oneil Cruz — the only player on pace for a 30-30 season — has 14 homers and 19 stolen bases in 22 attempts, per an MLB Trade Rumors analysis published Wednesday.

MLB Trade Rumors

Coralogix Raises $200 Million to Monitor the Rise of Autonomous AI Agents

Coralogix, a Boston-headquartered software observability startup founded in Israel, raised $200 million in a Series F round led by Advent and Canada Pension Plan Investment Board, valuing the company at $1.6 billion. The raise came 11 months after a $115 million Series E, bringing total funding to $550 million. Coralogix provides monitoring tools covering logs, metrics, and traces, serving more than 5,000 customers including IBM, Tradeweb, and JFrog. The company grew revenue more than 60% over the past year and counts about 30 customers spending over $1 million annually. CEO Ariel Assaraf said customers increasingly query operational data through AI agents rather than traditional dashboards.

TechCrunch

Genesis AI Simulation Platform Cuts Robotics Testing from Days to 30 Minutes

Genesis AI launched Genesis World 1.0, a robotics simulation platform that compresses weeks of physical hardware testing into minutes using GPU infrastructure. An evaluation involving 40,000 individual robot object-handling attempts, which requires approximately 166 hours on physical hardware, can be completed in around 30 minutes in simulation. The platform achieves roughly 89% correlation between simulated and real-world robot performance. Genesis World 1.0 integrates three core components: Nyx, a photorealistic rendering engine; a physics platform supporting rigid bodies, deformable materials, and fluids; and Quadrants, a GPU-accelerated compiler. Digital twin creation via photogrammetry allows real-world workspaces to be reconstructed for large-scale virtual testing.

Robotics & Automation News

Suno Raises $400 Million at $5.4 Billion Valuation Despite Expanding Copyright Lawsuits

Suno, the AI music generation company, raised a $400 million Series D round led by Bond Capital, with participation from IVP, Forerunner, Union Square Ventures, Alkeon, and Quiet, valuing it at $5.4 billion. Seven months prior, Suno raised at a $2.45 billion valuation. The company continues to face copyright litigation from Universal Music Group, Sony, and GEMA, after acknowledging it trained its AI on copyrighted songs under a fair use argument. Sony and UMG recently moved to amend their complaint to allege over 61,000 additional copyrighted songs were used without permission. Warner Music Group settled with Suno and reached a licensing deal last November.

TechCrunch

Serve Robotics Launches Autonomous Laundry Delivery in Los Angeles with NoScrubs

Serve Robotics has partnered with NoScrubs, an on-demand laundry service active in seven U.S. metros, to launch autonomous laundry delivery in select Los Angeles neighborhoods this week, marking Serve’s first delivery partnership outside prepared food. The company operates approximately 2,000 sidewalk robots nationwide, including 500 in Los Angeles. Because laundry pickups fall outside food delivery mealtime peaks, the partnership generates revenue from the existing fleet without additional infrastructure. CEO Ali Kashani said it is the first step toward expanding into dry cleaning, retail, pharmacy, and grocery delivery. The online laundry services market is projected to grow from $40 billion in 2025 to $130 billion by 2030.

Robotics & Automation News

ABB and Salzburg University Patent Reinforcement Learning System to Cut Industrial Robot Energy Use

ABB’s Machine Automation Division and Salzburg University of Applied Sciences have jointly filed a patent for an AI-driven energy optimization system for industrial robots, machine tools, and automated production lines. Developed through the Josef Ressel Center for Intelligent and Secure Industrial Automation, the system uses reinforcement learning to reduce energy consumption without requiring a complete mathematical model of the physical system. A learning agent deployed on machinery autonomously discovers how different motion profiles contribute to energy losses and adapts its control strategy accordingly. Initial research began in 2020 through the EU Interreg project KI-Net, with development continuing since 2022 alongside industry partners including COPA-DATA.

Robotics & Automation News

Fanuc Launches 11 kg Collaborative Robot to Address Europe’s Skilled Welder Shortage

Fanuc has announced the European launch of the CRX-3iA collaborative robot, the lightest model in its CRX portfolio at 11 kilograms. The cobot carries a 3 kg payload and delivers plus-or-minus 0.02 mm repeatability, enabling a single operator to carry it between multiple welding locations to address Europe’s shortage of skilled welders. The CRX-3iA automatically detects its installation angle after relocation and uses a third-party laser scanner or touch sensor to identify weld seam locations and calculate paths. An optional magnetic base allows mounting directly onto large steel structures. Fanuc also positions the CRX-3iA for intralogistics and automated guided vehicle integration.

Robotics & Automation News

Wix Cuts 20% of Workforce in Historic AI and Currency Restructuring

Website builder Wix is eliminating roughly 1,000 jobs — 20% of its 5,277-person workforce — its largest layoff in company history. CEO Avishai Abrahami announced the decision publicly on May 28, citing two compounding pressures: a strengthening Israeli shekel that has risen approximately 21% against the U.S. dollar over two years, inflating the cost of its Israel-heavy workforce, and the need to rebuild Wix around AI-native roles. Abrahami described the transformation as the most significant shift since modern programming languages emerged in the 1970s, and confirmed that new job categories — including positions branded as “Xengineer” and “Creator” — will replace traditional roles.

CNBC, The Next Web

Meta’s 8,000 Layoffs Seen as Signal of Larger AI Hiring Surge

Meta’s May 2026 layoff of roughly 8,000 employees — 10% of its workforce — is being reframed by analysts as a prelude to aggressive AI-focused rehiring, not a sustained contraction. A RealClearMarkets analysis published June 3 argues Meta is simultaneously pausing recruitment on roughly 8,000 vacant non-technical positions while preparing to redirect capacity toward AI and infrastructure. Meta’s capital expenditure for 2026 is projected between $115 billion and $135 billion. Cuts have targeted mid-level management and generalized IT departments, while demand for machine learning, safety research, and applied AI roles at the company remains elevated, according to multiple recruiting sources.

RealClearMarkets, NPR

Intuit Cuts 3,000 Jobs (17%) to Deepen AI Integration Across Products

Intuit, parent company of TurboTax and QuickBooks, is eliminating approximately 3,000 positions — about 17% of its global workforce — in a restructuring designed to reduce organizational complexity and accelerate AI embedding across its product suite. CEO Sasan Goodarzi, in a May 21 internal memo, cited Intuit’s existing partnerships with Anthropic and OpenAI as foundational to the company’s next phase. U.S. employees depart by July 31 with severance averaging 16 weeks’ base pay plus two additional weeks per year of service. The company is also closing offices in Reno and Woodland Hills, joining a growing list of 2026 tech restructurings explicitly linked to AI adoption.

TechCrunch, TechSpot

LinkedIn Trims 5% of Headcount in Microsoft-Driven Restructuring

LinkedIn, owned by Microsoft, is laying off approximately 5% of its roughly 17,500-person workforce. The reductions are described as a structural restructuring rather than AI displacement, with the company emphasizing that product and technical teams are largely unaffected. The layoffs follow Microsoft’s own 2026 workforce reductions as the parent company accelerates AI investment across its enterprise software portfolio. LinkedIn has been expanding its AI-powered job matching, salary insights, and recruiter tools — capabilities expected to continue growing despite the headcount reduction. LinkedIn joins Meta, Wix, Groupon, and dozens of other tech companies that have trimmed staff during the first half of 2026.

Yahoo Tech, InformationWeek

SHRM26 Annual Conference Opens June 16 in Orlando — AI in Recruiting Leads Agenda

The Society for Human Resource Management’s flagship annual conference, SHRM26, opens June 16 in Orlando at the Orange County Convention Center, with AI in recruiting headlining programming for an expected 25,000-plus attendees. The event spans nine content tracks and more than 375 expert-led sessions, with the AI, Data & Tech track restructured to include AI bias mitigation frameworks, ROI measurement for AI recruiting tools, and how to integrate AI agents into talent acquisition workflows. The conference arrives as 87% of companies now report using AI somewhere in their recruiting process — up from just 26% two years ago — signaling a watershed year for HR technology adoption.

SHRM26 Program Overview, ExpaHealth

AI Engineers Commanding $145K–$310K Base, With Frontier-Lab Stars Topping $1 Million

AI engineering compensation has bifurcated sharply in 2026. Mainstream enterprise mid-level AI engineers earn base salaries between $155,000 and $200,000, with total compensation — including equity — regularly exceeding $250,000, according to the Robert Half 2026 Salary Guide. At the frontier-lab tier, senior engineers at OpenAI and Google typically earn between $550,000 and $850,000 annually, while elite research hires at top labs reportedly command packages exceeding $1 billion over six years. Every hiring tier within the AI/ML Engineer category is growing at 4.1% year-over-year — more than double the 1.6% average for other tech roles — underscoring acute demand across the field.

Kore1 AI Salary Guide, Axiom Recruit

US Tech Sector Projects 1.9% Job Growth in 2026 Despite 142,000+ Layoffs

Despite a relentless drumbeat of layoff announcements from major technology companies, net US tech employment is projected to grow 1.9% in 2026, adding approximately 185,000 new positions and bringing the national tech labor force to nearly 9.8 million workers, according to CompTIA’s State of the Tech Workforce report. The apparent contradiction reflects the bifurcated nature of today’s market: traditional software engineering, product management, and recruiting roles face contraction, while AI infrastructure, machine learning engineering, cybersecurity, and cloud architecture roles are in acute shortage. Texas leads all states for projected net tech job gains in 2026, with an expected 32,238 new positions added.

Staffing Industry Analysts, TechTarget

Skills-Based Hiring Replaces Degree Requirements at Tech Companies

The dominant talent acquisition trend in 2026 is skills-based hiring, with technology employers of all sizes abandoning degree requirements in favor of verified, job-ready competency assessments. SHRM’s 2026 recruiting trend research confirms that two-thirds of talent acquisition leaders plan to increase technology spending this year, with the majority investing specifically in platforms that support skills-based screening rather than resume-and-credential filtering. Despite 82% satisfaction with current recruiting systems, over three-quarters of TA leaders expect to replace their primary platform within two years as AI-powered skills assessment tools become standard. Roles requiring validated AI competencies now command a 56% wage premium, according to PwC’s Global AI Jobs Barometer.

SHRM, HR Executive

John Ternus Becomes Apple CEO on September 1 in Landmark Leadership Transition

Apple’s Board of Directors unanimously appointed John Ternus, currently Senior Vice President of Hardware Engineering, as the company’s next Chief Executive Officer, effective September 1, 2026. Ternus, 51, joined Apple in 2001 and has overseen hardware engineering for iPhone, iPad, AirPods, and the Mac’s transition to Apple Silicon. Outgoing CEO Tim Cook, who has led Apple for fifteen years, will assume the role of Executive Chair. The transition follows a long-term succession plan described by the Board as deliberate and thoughtful. Ternus inherits a company navigating its most significant software and AI identity shift since the original iPhone era began in 2007.

Apple Newsroom, Fortune

New CEP Study Finds Sector in Unprecedented Crisis as Federal Cuts Hit Demand Spike

A new study by the Center for Effective Philanthropy, released June 2, reveals nonprofits face an unprecedented crisis driven by federal funding freezes, DOGE grant terminations, and threats to tax-exempt status since January 2025. The report found 73 percent of nonprofits report increased demand for services at COVID-19-era levels, while funding from government and foundations has simultaneously declined. Thirty percent of nonprofits have already reduced staff size, and 66 percent of leaders express deep concern about financial stability. The sector cut nearly 29,000 jobs in 2025, and experts estimate 2.8 million more jobs are at risk if government funding continues to erode.

Nonprofit Quarterly

Immigrant-Serving Nonprofits Struggle as Federal Agencies Become Deportation Tools

Nonprofit organizations serving immigrant communities face an expanded enforcement landscape as the Trump administration redirected agencies including the IRS, HUD, Medicaid, and the Department of Education to support deportation efforts, according to a June 2 Nonprofit Quarterly analysis. The administration also rescinded sanctuary space protections for frontline community organizations. Leaders from HIAS and Church World Service told NPQ clients now avoid hospitals and food pantries out of fear of enforcement. A 2025 KFF/New York Times survey found 51 percent of immigrant adults worried health providers might share their information with ICE. The Protecting Immigrant Families Coalition reported 83 percent of Americans support preserving immigrants’ access to health and social services.

Nonprofit Quarterly

Trump Budget Would Zero Out $1.3 Billion Afterschool Program, States Seek Alternatives

The Trump administration’s fiscal year 2027 budget would eliminate the 21st Century Community Learning Centers grant—the sole dedicated federal afterschool funding stream at $1.329 billion—replacing it with a $2 billion MEGA block grant with minimal requirements, Nonprofit Quarterly reported June 1. Research by the Afterschool Alliance shows 77 percent of the 29.6 million children whose parents seek afterschool slots cannot access them. Republican senators Susan Collins and Shelley Moore Capito pushed back in April hearings. A bipartisan coalition introduced the Afterschool for All Act to grow the program to $10 billion annually. Vermont and Alaska are using cannabis tax revenue to build independent state afterschool funding streams.

Nonprofit Quarterly

Collapse of Small-Dollar Donations Threatens the Future of Social Innovation

The number of Americans giving to charity has declined for five consecutive years, dropping 4.5 percent in 2024, with charitable giving households falling from two-thirds of American households in 2000 to about half today, according to a Stanford Social Innovation Review analysis. Just 3 percent of donors now provide 78 percent of all charitable dollars, representing what SSIR calls an existential threat to social innovation. The steepest declines are in donations under $100, and donor retention has fallen to 31.9 percent as of 2025. Congress enacted a permanent $1,000 charitable deduction for nonitemizers in 2026, though SSIR notes the cap is unlikely to meaningfully expand the donor base.

Stanford Social Innovation Review

Analysis: Legacy Foundation Overhead Ranges from 1 Cent to 81 Cents Per Dollar Granted

A new Inside Philanthropy analysis finds America’s top 40 legacy foundations spent an average of nearly 19 cents in administrative expenses for every dollar they granted in 2024, but the spread is dramatic. The Lilly Endowment, America’s largest foundation, spent less than 1 cent per grant dollar—while the Annie E. Casey Foundation spent 81 cents and the Rockefeller Foundation spent $386,145 in expenses per grant, roughly seven times the sector average of $52,469. The Ford Foundation spent 25.3 cents per dollar granted, compared to the William and Flora Hewlett Foundation’s 10.4 cents. The piece is based on 2024 financial filings from the 40 largest long-established U.S. foundations.

Inside Philanthropy

MissionWired Acquires BWF to Create Integrated Nonprofit Fundraising and Technology Firm

MissionWired, a nonprofit fundraising firm formerly known as CCAH, announced June 1 the acquisition of BWF, a leading provider of capital campaign consulting, analytics, and technology transformation for higher education, healthcare, and nonprofit organizations. Under the MissionWired umbrella, BWF will join Zuri Group to form BWF Zuri, offering end-to-end fundraising intelligence and systems integration. The deal reflects growing consolidation in the nonprofit consulting and technology sector, as organizations seek integrated platforms to manage donor acquisition, retention, and digital giving. The acquisition comes as nonprofits face declining donor numbers and reduced government funding, creating demand for more efficient and data-driven fundraising strategies. NonProfit PRO reported the announcement June 1.

NonProfit PRO

Scary Movie Targets $45 Million-Plus Opening Against Backrooms Holdover; Masters of the Universe Eyes $33 Million Debut

Paramount and Miramax’s Scary Movie is targeting a $45 million to $50 million opening weekend from 3,400 North American theaters, which would set a franchise record surpassing Scary Movie 4’s $49.7 million tally from 2006. The film brings back the Wayans brothers for the first time since 2001’s Scary Movie 2 and cost Miramax $30 million to produce. It faces competition from A24’s holdover Backrooms, projected to earn $48 million to $50 million in its second frame. Amazon MGM’s Masters of the Universe, a $200 million sword-and-planet adventure directed by Travis Knight, is targeting a $30 million to $35 million start from 3,500 locations.

Variety

Supergirl Advance Tickets Go on Sale Ahead of June 26 Opening as DC Ramps Up Campaign

Advance tickets for Supergirl, DC’s next entry in James Gunn’s rebooted DC Universe, went on sale Wednesday after DC co-chief James Gunn announced on Instagram that the campaign was launching. The Craig Gillespie-directed film stars Milly Alcock as Kara Zor-El and opens June 26, carrying a reported net production budget of $175 million with a projected breakeven of $315 million globally. The official trailer has accumulated 27 million views on YouTube. Jason Momoa plays the antihero Lobo and David Corenswet makes a cameo as Superman. The film is adapted from Tom King and Bilquis Evely’s graphic novel Supergirl: Woman of Tomorrow.

Deadline

Nolan’s The Odyssey to Screen in 70mm at Restored Westwood Village Theatre; Tickets on Sale Today

Universal’s Christopher Nolan epic The Odyssey will have a three-week engagement in 70mm at Westwood’s Village Theatre when the film opens July 17, with tickets going on sale today at 9 a.m. PT. The 95-year-old cinema, operated by the American Cinematheque and the Jason Reitman-led Village Directors Circle, will host the run as a fundraiser ahead of a 12-month renovation this fall. Nolan and producer Emma Thomas are partners in the Village Directors Circle. The film was shot using new IMAX film technology. Previously, the venue reopened for Paramount’s world premiere of the Billie Eilish concert film.

Deadline

Sony Pictures Sets Shania Twain Biopic with Director Leah McKendrick

Sony Pictures has set director Leah McKendrick to helm a biopic on country-pop superstar Shania Twain, titled Shania, which McKendrick will also script, Deadline reports exclusively. Twain, who has sold more than 100 million albums worldwide and is the first artist ever to release three consecutive Diamond-certified albums, will produce alongside Amie Karp. Plot details are being kept under wraps. The project follows Sony’s recent music biopic success with the Whitney Houston film I Wanna Dance With Somebody and aligns with the studio’s pursuit of star-driven biography alongside Sam Mendes’ forthcoming The Beatles four-film event. McKendrick’s Netflix rom-com Voicemails for Isabelle opens June 19.

Deadline