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Kyle C. Garrison

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After Figma’s  Billion Windfall Evaporated, It’s Picking Up the Pieces

After Figma’s $20 Billion Windfall Evaporated, It’s Picking Up the Pieces

On Dec. 18, a $20 billion deal by Adobe, the software giant, to buy Figma, a San Francisco start-up darling, fell apart after more than a year of regulatory scrutiny.In a blog post that day, Dylan Field, Figma’s chief executive and co-founder, painted an optimistic picture of what would come next. “Figma’s best, most innovative days are still ahead,” he wrote.Behind the scenes, the start-up, a design platform, is picking up the pieces. In recent weeks, Figma said it had reset its internal valuation to $10 billion — half of what Adobe planned to pay for it. Some employees, who…
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Why Are Americans Wary While the Economy Is Healthy? Look at Nevada.

Why Are Americans Wary While the Economy Is Healthy? Look at Nevada.

Toni Irizarry recognizes that the economy has improved. Compared with the first wave of the pandemic, when Las Vegas went dark, and joblessness soared to levels not seen since the Great Depression, these are days of relative normalcy.Ms. Irizarry, 64, oversees a cafe at the Orleans Hotel and Casino, a property just off the Las Vegas Strip that caters mostly to locals. Guests have returned, filling the blackjack and roulette tables amid the cacophony of jingling slot machines — the sound of money.She started in the hospitality industry busing tables when she was only 16. Her paychecks have allowed her…
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Halted Deportation Flights to Venezuela Set Back Biden’s Migrant Strategy

Halted Deportation Flights to Venezuela Set Back Biden’s Migrant Strategy

When deportation flights from the United States to Venezuela resumed last fall after four years, it was a move meant to show that President Biden was aggressively tackling the record numbers of crossings at the U.S. southern border.The expulsions were also meant to deter other Venezuelans who might be considering the journey.But on Wednesday, for the second week in a row, U.S.-run flights to Venezuela carrying migrants did not depart as planned — a move that seems to be initiated by Venezuela.The Venezuelan government did not respond to repeated requests for comment about whether it was permanently halting the deportation…
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Seizures of Psychedelic Mushrooms Rise in U.S. as Demand Grows

Seizures of Psychedelic Mushrooms Rise in U.S. as Demand Grows

Seizures of psychedelic mushrooms across the nation by law enforcement officials have increased significantly in recent years as attitudes regarding their use have grown more permissive, according to a government-funded study released Tuesday.Researchers found that law enforcement officials confiscated 844 kilos of mushrooms containing psilocybin in 2022, an increase of 273 percent from 2017. Psilocybin is the psychoactive component in the fungi commonly known as magic mushrooms.Officials at the National Institute on Drug Abuse, which commissioned the study, said that the increase in seizures of magic mushrooms reflected rising use of the drugs, rather than an indication that counternarcotics officials…
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Six days on the bubble with America’s most eclectic team

Six days on the bubble with America’s most eclectic team

ALBUQUERQUE, N.M. — It’s 9:40 a.m. in the southeast parking lot at The Pit, and a man in black-and-white face paint circles on a dirt bike. This is Snake. He arrives early for New Mexico men’s basketball games, hypes up friendly faces and sportively harasses the visiting team when it arrives. Everyone knows Snake. He’s been at this for years. He’s a believer.An attendant asks Snake how he is, and Snake declares he has everything he needs. His Lobos are hunting for their first NCAA Tournament berth in a decade. In a couple hours, they’ll be on network television, playing…
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Meta Calls for Industry Effort to Label A.I.-Generated Content

Meta Calls for Industry Effort to Label A.I.-Generated Content

Last month at the World Economic Forum in Davos, Switzerland, Nick Clegg, president of global affairs at Meta, called a nascent effort to detect artificially generated content “the most urgent task” facing the tech industry today.On Tuesday, Mr. Clegg proposed a solution. Meta said it would promote technological standards that companies across the industry could use to recognize markers in photo, video and audio material that would signal that the content was generated using artificial intelligence.The standards could allow social media companies to quickly identify content generated with A.I. that has been posted to their platforms and allow them to…
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Why One Shaky Bank Is Stirring Fears of a Wider Financial Mess

Why One Shaky Bank Is Stirring Fears of a Wider Financial Mess

As the one-year anniversary of a crisis that brought down several midsize banks approaches, trouble at another lender is putting unwelcome attention on the industry again.Concerns now center on New York Community Bancorp, which operates roughly 400 branches nationwide under brands such as Flagstar Bank and Ohio Savings Bank. The bank ballooned in size over the past year, to more than $100 billion in assets, after taking over the fallen Signature Bank last spring in an auction organized by federal regulators.New York Community Bancorp’s stock nose-dived after it released an ugly earnings report that included unexpected losses on real estate…
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King Charles Has Cancer. Here’s What to Know.

King Charles Has Cancer. Here’s What to Know.

On Monday night, Buckingham Palace made a sudden announcement that King Charles III had been diagnosed with cancer, less than 18 months after beginning his reign. He is receiving outpatient treatment in London.The British monarch’s diagnosis prompted an outpouring of sympathy from leaders around the world, with President Biden saying that he was praying for “a swift and full recovery,” and the British prime minister, Rishi Sunak, describing himself as “shocked and sad” at the news. “He’ll just be in our thoughts and our prayers,” Mr. Sunak told BBC radio on Tuesday. “Many families around the country listening to this…
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Users of Zepbound or Mounjaro Had Lower Blood Pressure in Study

Users of Zepbound or Mounjaro Had Lower Blood Pressure in Study

A study of the weight loss drug tirzepatide showed that people who took it had significantly lower blood pressures after 36 weeks of using the medication.Tirzepatide, made by Eli Lilly, is used to treat Type 2 diabetes, under the brand name Mounjaro, and to treat obesity, under the brand name Zepbound. It is the latest among a new class of weight loss drugs, and its chief competitor is semaglutide, made by Novo Nordisk and sold as Ozempic for diabetes and as Wegovy for weight loss. For both drugs, researchers have been assessing whether they have additional effects that go beyond…
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​​NHL player poll: Why 78 percent say there should be no neck-guard mandate

​​NHL player poll: Why 78 percent say there should be no neck-guard mandate

Mandatory neck guards are coming to youth hockey in the United States.Already required in Canada and many other countries, USA Hockey, which governs the sport at the amateur level in the U.S., has long held its line at “recommending” laceration protection — namely neck guards, but also cut-resistant socks, sleeves and undergarments.The decision was announced Sunday and will go into effect on Aug. 1, about nine months after the issue was thrust into the spotlight when former NHL player Adam Johnson died of a skate cut to the neck during a game in England.More NHLers have begun to wear neck…
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