In a rapidly evolving financial landscape, technology is transforming how money movesmaking payments of tomorrow faster, smarter, and easier than ever before.
Consider this snapshot of the near future: Youre in a taxi on the other side of the world. You pay your driver with the same digital wallet you use at home, and he receives the money in his wallet linked to the local instant payments network. Hes set a rule in his bank appsend 30% of every payout to my family back homeand funds are converted immediately to a third currency and delivered to relatives in a country thousands of miles away.
Nobody needs to download a new app or think about payment methods. AI-powered agents handle currency conversion and smart routing automatically and invisiblyat a fraction of yesterdays international payment costs.
Here’s another scenario: A global marketplace pays out to 10,000 sellers daily. Instead of selecting a payout route, the finance department sets a rulepay as efficiently as possible, in line with terms and conditions. The platform dynamically routes each payment based on geography, cost, and liquiditychoosing from rails that might include account-to-account, tokenized card networks, or stablecoins on public blockchains.
In each of these examples, the user experience is simplicity itself, yet it relies on a complex, underlying technical, regulatory and strategic architecture. In recent years the introduction of new payment rails, infrastructure and digital currencies has created choice but has yet to deliver seamless interoperability.
Thats why efforts are increasingly focused on convergencestitching together todays patchwork of innovation into an intelligent network of networks. Were not there yet, but were closer than you might think.
AN EXPLOSION OF CHOICE
In recent years, theres been a diversification in digital currencies. Stablecoins are moving into mainstream use, combining the stability of traditional money with the advantages of blockchainspeed, programmability, and global reach. Tokenized deposits bring those same benefits while retaining the full regulatory and trust framework of the banking system. Meanwhile, central bank digital currencies (CBDCs) are pivoting from retail-focused ambitions to wholesale use cases like interbank settlements, cross-border payments, and securities transactions.
New payment rails are proliferating as well. Some, like PIX in Brazil and UPI in India, are public infrastructures, embodying the principle that payments should function as a public good, like highways or utilities. Others, such as the permissioned ledgers deployed by banks like JPMorgan Chase, represent commercial bank money as digital tokens on private blockchains, enabling clients to move funds 24/7 with near-instant finality, rich data, and full regulatory compliance.
Card networks are essentialparticularly for consumer payments that require strong identity assurance and dispute protection. Features like tokenization, push-to-account transfers, and established chargeback procedures make them a trust-and-compliance layer that enables connectivity across the payments landscape.
THE IMPERATIVE OF INTEROPERABILITY
Convergence is the process by which this expanding array of currencies and rails can coalesce into a global system for value transfer. Importantly, this isnt a zero-sum competition among players. The diverse systems need to connect to a layered, interoperable framework that fulfills a long-standing aspiration: seamless value movement across borders and platforms.
Ease, security, and cost-efficiency will define this new system. Consumers and businesses will increasingly move money across networks with settlement and reconciliation handled invisibly in the background. They will expect security to be end-to-end, traveling with the payment throughout the ecosystem. Benchmark standards for resolving disputes and assigning liabilitypioneered by card networkswill extend to other rails, from instant payments to blockchain and beyond. Agentic payment routing will minimize fees by selecting the most efficient path, whether thats a domestic instant scheme, a cross-border blockchain transfer, or a card network.
Many players are driving this convergence. For example, Project Nexus, an initiative of the Bank for International Settlements, aims to connect instant payment systems across multiple countries through a single interface. Bridges like Circles Cross-Chain Transfer Protocol (CCTP) are being built to link disparate blockchain networks, while PayPal is expanding its cross-border capabilities via wallets. Card networks like Mastercard are enabling interoperability across rails. And much more is underway.
Crucially, agentic AI will increasingly serve as the connective tissue of this systemorchestrating real-time operations and knitting together the constellation of networks.
THE RACE TO CONNECT
The next two to five years will be a critical transition period. During this time, legacy infrastructure and digital-native systems will operate in parallel as regulations evolve, pilots mature into production, and new instruments move from experimentation to everyday use. Adoption will unfold in stages as technologies mature at different speeds and market incentives align.
As foundational rails converge, the focus will shift from connectivity to orchestration. AI, rather than human choice, will increasingly route and optimize payments. Once that tipping point arrives, the acceleration will be dramatic.
There are interoperability challenges. As nations seek greater financial autonomy, some are building parallel payment infrastructures or accelerating the development of sovereign digital currencies to reduce reliance on dominant currenciesparticularly the U.S. dollaras crypto and tokenized value scales. This risks the creation of new silos just as technology is making interoperability more achievable. Instead of a unified global framework, the world could see fragmented networks defined by strategic alliances and competing standards, complicating crossborder settlement and slowing the very convergence that would enable money to move seamlessly.
FUNDAMENTAL QUESTIONS
Its important to consider the kind of financial world we want to build. Are we creating a system that provides choice and empowers individuals, businesses, and communities, or one that puts control in the hands of a few key players?
How do we ensure that innovation fosters trust, transparency, and opportunity, instead of creating more complexity and uncertainty? While the road ahead is under construction, its destination should be clear: a world where money moves as effortlessly as information, making life simpler, easier, and more rewarding for all.
Ken Moore is the chief innovation officer at Mastercard.
For years, social media companies have disputed allegations that they harm children’s mental health through deliberate design choices that addict kids to their platforms and fail to protect them from sexual predators and dangerous content. Now, these tech giants are getting a chance to make their case in courtrooms around the country, including before a jury for the first time.Some of the biggest players from Meta to TikTok are facing federal and state trials that seek to hold them responsible for harming children’s mental health. The lawsuits have come from school districts, local, state and the federal government as well as thousands of families.Two trials are now underway in Los Angeles and in New Mexico, with more to come. The courtroom showdowns are the culmination of years of scrutiny of the platforms over child safety, and whether deliberate design choices make them addictive and serve up content that leads to depression, eating disorders or suicide.Experts see the reckoning as reminiscent of cases against tobacco and opioid markets, and the plaintiffs hope that social media platforms will see similar outcomes as cigarette makers and drug companies, pharmacies and distributors.The outcomes could challenge the companies’ First Amendment shield and Section 230 of the 1996 Communications Decency Act, which protects tech companies from liability for material posted on their platforms. They could also be costly in the form of legal fees and settlements. And they could force the companies to change how they operate, potentially losing users and advertising dollars.Here’s a look at the major social media harms cases in the United States.
The Los Angeles case centers on addiction
Jurors in a landmark social media case that seeks to hold tech companies responsible for harms to children got their first glimpse into what will be a lengthy trial characterized by dueling narratives from the plaintiffs and the two remaining defendants, Meta and YouTube.At the core of the Los Angeles case is a 20-year-old identified only by the initials “KGM,” whose case could determine how thousands of similar lawsuits will play out. KGM and the cases of two other plaintiffs have been selected to be bellwether trials essentially test cases for both sides to see how their arguments play out before a jury.“This is a monumental inflection point in social media,” said Matthew Bergman of the Seattle-based Social Media Victims Law Center, which represents more than 1,000 plaintiffs in lawsuits against social media companies. “When we started doing this four years ago no one said we’d ever get to trial. And here we are trying our case in front of a fair and impartial jury.”On Wednesday Meta CEO Mark Zuckerberg testified, mostly sticking to past talking points, including a lengthy back-and-forth about age verification where he said “I don’t see why this is so complicated,” reiterating that the company’s policy restricts users under the age of 13 and that it works to detect users who have lied about their ages to bypass restrictions.At one point, the plaintiff’s attorney, Mark Lanier, asked Zuckerberg if people tend to use something more if it’s addictive.“I’m not sure what to say to that,” Zuckerberg said. “I don’t think that applies here.”
New Mexico goes after Meta over sexual exploitation
A team led by New Mexico Attorney General Raúl Torrez, who sued Meta in 2023, built their case by posing as children on social media, then documenting sexual solicitations they received as well as Meta’s response.Torrez wants Meta to implement more effective age verification and do more to remove bad actors from its platform.He also is seeking changes to algorithms that can serve up harmful material, and has criticized the end-to-end encryption that can prevent the monitoring of communications with children for safety. Meta has noted that encrypted messaging is encouraged in general as a privacy and security measure by some state and federal authorities.The trial kicked off in early February. In his opening statement, prosecuting attorney Donald Migliori said Meta has misrepresented the safety of its platforms, choosing to engineer its algorithms to keep young people online while knowing that children are at risk of sexual exploitation.“Meta clearly knew that youth safety was not its corporate priority that youth safety was less important than growth and engagement,” Migliori told the jury.Meta attorney Kevin Huff pushed back on those assertions in his opening statement, highlighting an array of efforts by the company to weed out harmful content from its platforms while warning users that some dangerous content still gets past its safety net.
School districts head to trial
A trial scheduled for this summer pits school districts against social media companies before U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California. Called a multidistrict litigation, it names six public school districts from around the country as the bellwethers.Jayne Conroy, a lawyer on plaintiffs’ trial team, was also an attorney for plaintiffs seeking to hold pharmaceutical companies responsible for the opioid epidemic. She said the cornerstone of both cases is the same: addiction.“With the social media case, we’re focused primarily on children and their developing brains and how addiction is such a threat to their well-being and the harms that are caused to children how much they’re watching and what kind of targeting is being done,” she said.The medical science, she added, “is not really all that different, surprisingly, from an opioid or a heroin addiction. We are all talking about the dopamine reaction.”Both the social media and the opioid cases claim negligence on the part of the defendants.“What we were able to prove in the opioid cases is the manufacturers, the distributors, the pharmacies, they knew about the risks, they downplayed them, they oversupplied, and people died,” Conroy said. “Here, it is very much the same thing. These companies knew about the risks, they have disregarded the risks, they doubled down to get profits from advertisers over the safety of kids. And kids were harmed and kids died.”
Resolution could take years amid dueling narratives
Social media companies have disputed that their products are addictive. During questioning Wednesday by the plaintiff’s lawyer during the Los Angeles trial, Zuckerberg said he still agrees with a previous statement he made that the existing body of scientific work has not proven that social media causes mental health harms.Some researchers do indeed question whether addiction is the appropriate term to describe heavy use of social media. Socil media addiction is not recognized as an official disorder in the Diagnostic and Statistical Manual of Mental Disorders, the authority within the psychiatric community.But the companies face increasing pushback on the issue of social media’s effects on children’s mental health, not only among academics but also parents, schools and lawmakers.“While Meta has doubled down in this area to address mounting concerns by rolling out safety features, several recent reports suggest that the company continues to aggressively prioritize teens as a user base and doesn’t always adhere to its own rules,” said Emarketer analyst Minda Smiley.With appeals and any settlement discussions, the cases against social media companies could take years to resolve. And unlike in Europe and Australia, tech regulation in the U.S. is moving at a glacial pace.“Parents, education, and other stakeholders are increasingly hoping lawmakers will do more,” Smiley said. “While there is momentum at the state and federal level, Big Tech lobbying, enforcement challenges, and lawmaker disagreements over how to best regular social media have slowed meaningful progress.”AP Technology Writer Kaitlyn Huamani contributed to this story.
Barbara Ortutay, AP Technology Writer
This year has been volatile for brands. With tariffs taking effect, the job market slowing, and consumer spending barely keeping pace with inflation, its no surprise that ad spend has slowed in tandem.
Amidst economic uncertainty and an onslaught of unanswered questions, brands are increasingly looking for demonstrable ROI in their marketing and design budgets. Some may choose to invest in a costly new campaign or commit to a new brand identity, while others will default to slashing their budgets altogether.
Cutting marketing dollars is more of a short-term band-aid than a long-term solution. Research by Analytic Partners following the 2008 financial crisis found that 60% of brands that increased their marketing investment during that period generated a positive ROI. While AI disruption, political polarization, and evolving consumer behaviors are contributing to todays economic challenges, the core lesson still holds: Even in uncertain times, stepping off the marketing gas is rarely the answer.
This undeniable power of attraction is hard to come by. But its not impossible when considering a series of five crucialand measurablefactors that, once met, can be part of a strategy to increase an overriding choice decision that sometimes can be determined spontaneously or irrationally.
1. Resonance. You must find ways to resonate with your consumers. The companies that resonate the most are the ones that go out of their way to tell emotive stories and bring them to life through every aspect of their brand expression.
They develop heartfelt narratives that forge emotional connections with their audiences. These connections increase brand love and go the distance in fostering a consumers relationship with a brand. Brands like Dove set the standard here. By tapping into a deep human need for self-acceptance and belonging, Dove created an emotional connection that went far beyond functional benefits.
2. Relevance. Never underestimate the importance of staying relevant. While resonating with customers requires tapping into their emotional center, relevance speaks more to a clear sense of utility.
Does your brand matter to consumers by being both useful and timely? We know that when inflation rises, wages stagnate, and purchasing power fades, consumers spend only on what they deem most important. For Olipop, the unmet need was gut health and soda enjoyment. Using nostalgic yet modern design and uplifting brand world, it gave consumers permission to reintroduce soda into their daily lives.
3. Differentiation. Most marketers would consider this their professional reason for being but outlining a distinct market position and effectively executing it are two inherently different things. Its important to be both unique and recognizable, but if you dont express it with clarity and confidence, you will get lost in the mix. Oatly didnt just market oat milk as another dairy alternativeit defined a cultural position: irreverent, planet-positive, and anti-establishment.
4. Unification. Brands must build a comprehensive toolkit of assets that are united across every touchpoint and channel through which a consumer might interact. But that doesnt mean being rigid or inflexible. For example, McDonalds maintains global consistency in its core messaging, design, and product offerings while adapting locally and offering country or culture-specific menu options.
5. Authenticity. Authenticity should always be top of mind when connecting with consumers. Its not just about defining a clear set of values or beliefs. Its about ensuring each message your brand shares are as close to those beliefs as possible.
More than two-thirds (70%) of consumers spend more with authentic brands. From press releases to tweets to Super Bowl spots to new logos, consumers know when theyre being sold a lineand they respond in kind. Brands like Patagonia and Ben & Jerrysliteral poster children for principle-led brandscontinue to lead their categories by acting on their values in visible, credible ways.
FINAL THOUGHTS
What will separate the winners from the losers over the next year is knowing how to precisely focus marketing investment on places where a company needs that added push the most. This requires a company to harness the ability to magnetize their brand, fostering deep emotional attraction, and turning consumers into loyal advocates by making their company the one consumers want above all others.
Jonathan Ford is the founding partner and group chief creative officer of Pearlfisher.
Behind its glittery facade, Claire’s is a financial mess. The tween retail icon behind millions of ear piercings and Y2K accessories filed for bankruptcy in August 2025, closing hundreds of stores and selling its North American business for just $104 million. So how does a brand with $1.4 billion in global sales end up with more than $500 million in debt?
Fast Company staff writer Elizabeth Segran has been covering the company’s ups and downs for years. In this episode of FC Explains, she breaks down the full Claire’s story, from its mall-era dominance and surprising pandemic comeback to its failed IPO, crushing debt load, tariff difficulties, and the rise of sleeker competitors like Lovisa, Studs, and Rowan.
The National Governors Association is pulling out of an annual meeting at the White House after President Donald Trump declined to invite two Democratic governors, undercutting one of Washington’s few remaining bipartisan gatherings.Trump is still expected to meet with governors at the White House on Friday but the event will not be facilitated by an organization founded more than a century ago to help state leaders from both parties advocate for their interests in Washington. The Republican president had refused to include Democratic Govs. Jared Polis of Colorado and Wes Moore of Maryland and recently blasted them on social media as “not worthy of being there.”In a brief interview Thursday, Polis said he does not have “any ability to get in (Trump’s) head.” Polis said he was nonetheless meeting with governors from both parties while he is in the nation’s capital.“I’ve spent quality time with my colleagues this morning and really learning from one another and taking best practices that Republican or Democratic governors have launched in their state,” he said. “It’s really what these meetings are about.”The episode underscores the confrontational approach Trump has taken during his second term toward state leaders he does not like. He has at times threatened to withhold federal money or send in troops over the objections of local leaders. Now, even a ceremonial White House dinner has become a flashpoint and fellow Republicans openly acknowledge that Trump’s aim as president is not to unify the country.“He’s not putting his mind to it,” Gov. Spencer Cox, R-Utah, said at an event sponsored by Politico. “He’s said very clearly that that’s not who he is.”In an interview Wednesday, Moore said he has “no desire to have beef with the president of the United States.”“I didn’t run for governor like, man, I can’t wait so me and the president can go toe to toe,” said Moore, the NGA’s vice chair. “But the fact that he is waking up in the middle of the night and tweeting about me, I just, I pray for him and I just feel bad for him because that has just got to be a really, really hard existence.”
Governors try to stay above the partisan fighting
The dynamics are a far cry from the air of bipartisanship that Moore and Oklahoma Gov. Kevin Stitt, a Republican who chairs the NGA, sought to portray as governors began to assemble in Washington. Moore and Stitt shared a stage several times this week swapping jokes and praise.“I have gotten, through the National Governors Association, a really good chance to know the heart of this man and how much he is a great American, loves his country, loves his citizens and is just trying to do the best he can for Maryland,” Stitt said Thursday at the Politico event.After Stitt tried to resolve the standoff between the White House and the Democratic governors last week, Trump blasted him as a “RINO,” short for Republican In Name Only, and accused him of misrepresenting his position. Stitt struck a conciliatory tone Thursday, noting he would participate in White House events.“Politics has a way of just beating you down over time so I can’t imagine being president of the United States,” Stitt said. “He’s got a tough job to do.”Former Maryland Gov. Larry Hogan, a Republican who occasionally disagreed with Trump, said it was a “mistake” for the White House not to include all governors.“There never was a huge amount of real work that got accomplished but it was a nice thing annually to bring all the governors Republicans and Democrats together,” he said in an interview. “I know there’s a lot of friction but it just seems in everybody’s best interest even if you passionately disagree and you don’t like the other person or you’re mad about whatever, it can’t hurt to be in the same room together.”Beyond the White House meeting, some governors also shared pointed criticisms of the administration’s ever-expanding power. They bemoaned the unwillingness of the Republican-controlled Congress to limit Trump’s ambitions and they cast themselves as counterweights to the executive.“Presidents aren’t supposed to do this stuff,” Cox said. “Congress needs to get their act together. And stop performing for TikTok and actually start doing stuff. That’s the flaw we’re dealing with right now.”Cox added that “it is up to the states to hold the line.”
Presidential buzz runs alongside the conference
As governors cycled through panels and interviews, one question hovered: Who among them might seek the presidency in 2028?Moore and Gov. Josh Shapiro of Pennsylvania were among the potential Democratic presidential contenders in Washington this week. Other Democrats, including Govs. Gavin Newsom of California and JB Pritzker of Illinois, were not in town.Stitt and Moore, during a panel discussion, both declined to rule out a future bid and emphasized their focus on their home states.Gov. Andy Beshear, D-Ky., took a more open approach. He arrived in Washington days after announcing he would release a book this fall and fielded questions at a Center for American Progress event about how he might campaign for president if he enters the race.Asked afterward about his timeline for a decision, Beshear said his focus this year remains on Kentucky and “then after that, I’ll sit down with my family and we’ll consider it.”
Joey Cappelletti and Steven Sloan, Associated Press
The biggest drama in Hollywood in recent months hasnt been on the silver screen but in the boardrooms of two of the most powerful companies in the industry.
In December, streaming giant Netflix announced its intention to acquire legendary Hollywood studio Warner Bros. after its planned separation from Discovery Global.
The proposed merger has sparked heated debate in Hollywood about the future of the cinema industry, and now, one of the most successful filmmakers in the world, James Cameron, has entered the fray.
Titanic director calls proposed merger disastrous
Many in Hollywood have not publicly spoken out against the proposed Netflix-Warner Bros. merger, fearing it could hurt their future employment prospects should it go through.
However, as one of the most successful and profitable filmmakers of all time, James Cameron doesnt have to worry about any potential blacklisting.
On February 10, Cameron sent a letter to Republican Senator Mike Lee of Utah, who is chairman of the U.S. Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights, and thus has significant sway over mergers the size of the one proposed by Netflix.
In the letter, which was first reported by CNBC, the Avatar director did not mince words, saying “the proposed sale of Warner Bros. Discovery to Netflix will be disastrous for the theatrical motion picture business that I have dedicated my life’s work to.
Camerons three main arguments against the megamerger
Cameron’s letter is comprehensive in detailing his opposition to a Netflix-Warner Bros. merger, but most of his points center around three main arguments.
First, Cameron says that if the Netflix-WB deal goes through, it will significantly harm the cinema industry.
The business model of Netflix is directly at odds with the theatrical film production and exhibition business, which employs hundreds of thousands of Americans, he points out. He noted that Netflix co-CEO Ted Sarandos has in the past called cinemas “an outdated concept.
Cameron argues that if Netflix acquires Warner Bros. and, as a result, pushes more of WBs films to streaming instead of a theatrical release, that will result in movie theaters having fewer films to show, which will not only hurt theater chains but also their employees and thus local communities.
Cameron notes that while Netflix has committed to maintaining a theatrical window for releases for 17 days, that timeframe is ridiculously short compared to historic norms.
Second, Cameron says the merger would likely result in fewer motion pictures being made, which would dramatically impact those who work in the film industry, from PAs to visual effects (VFX) artists to caterers.
For instance, on a major film like Avatar, Cameron said that he frequently employs 3,000 people for up to four years. These types of job-creating big-budget films are highly dependent on a healthy exhibition community.
If such films are no longer green-lit because the market contracts further, which the Netflix acquisition of Warner Brothers will certainly accelerate, then many jobs will be lost, Cameron wrote. Theaters will close. Fewer films will be made. Service providers such as VFX companies will go out of business. The job losses will spiral.
Finally, the Aliens director contends that the Netflix-WB deal would hurt Americas soft power and cultural impact across the globe.
At a time when the US trade deficit is a major concern, one of America’s largest export sectors will be negatively impacted,” Cameron wrote. “Which is to say nothing of the cost to our greatest cultural export: movies.
“The US may no longer lead in auto or steel manufacturing, but it is still the world leader in movies,” he added. “That will change for the worse.
Fast Company has reached out to Netflix and Warner Bros. Discovery for comment.
As industry awaits outcome, Netflix stock continues to sink
While Camerons letter opposing the Netflix-WB merger likely gives a lot of weight to those who share his arguments, the outcome of the proposed merger is still far from certainnot least of which because Netflix isnt the only one interested in acquiring Warner Bros.
Paramount Skydance has launched a hostile bid for Warner Bros. that would also include Discovery Global. Any final agreement would of course need to be approved by regulators.
Yet one thing is clear: Since the proposed Netflix-WB merger was announced in December, Netflixs stock price (Nasdaq: NFLX) has taken a beating.
On December 5, the day the deal was announced, Netflix stock closed at just above $100 per share. As of market close yesterday, NFLX shares were trading at $77. Thats a 23% drop.
On the other hand, shares of Warner Bros. Discovery, Inc. (Nasdaq: WBD) have leapt in the same timeframe.
The day before the proposed merger was announced, WBD shares were trading at around $24.55. As of yesterdays close, those shares are sitting at $28.53, a jump of more than 16%.
In a stretch of Louisiana with about 170 fossil fuel and petrochemical plants, premature death is a fact of life for people living nearby. The air is so polluted and the cancer rates so high it is known as Cancer Alley.“Most adults in the area are attending two to three funerals per month,” said Gary C. Watson Jr., who was born and raised in St. John the Baptist Parish, a majority Black community in Cancer Alley about 30 miles outside of New Orleans. His father survived cancer, but in recent years, at least five relatives have died from it.Cancer Alley is one of many patches of America mostly minority and poor that suffer higher levels of air pollution from fossil fuel facilities that emit tiny particles connected to higher death rates. When the federal government in 2009 targeted carbon dioxide and other greenhouse gases as a public health danger because of climate change, it led to tighter regulation of pollution and cleaner air in some communities. But this month, the Trump administration’s Environmental Protection Agency overturned that “endangerment finding.”Public health experts say the change will likely mean more illness and death for Americans, with communities like Watson’s hit hardest. On Wednesday, a coalition of health and environmental groups sued the EPA over the revocation, calling it unlawful and harmful.“Not having these protections, it’s only going to make things worse,” said Watson, with the environmental justice group Rise St. James Louisiana. He also worries that revoking the endangerment finding will increase emissions that will worsen the state’s hurricanes.The Trump administration said the finding a cornerstone for many regulations aimed at fighting climate change hurts industry and the economy. President Donald Trump has called the idea “a scam” despite repeated studies showing the opposite.Growing evidence shows that poor and Black, Latino and other racial and ethnic groups are typically more vulnerable than white people to pollution and climate-driven floods, hurricanes, extreme heat and more because they tend to have less resources to protect against and recover from them. The EPA, in a 2021 report no longer on its website, concluded the same.The finding’s reversal will affect everyone, but “overburdened communities, which are typically communities of color, Indigenous communities and low-income communities, they will, again, suffer most from these actions,” said Matthew Tejada, senior vice president for environmental health at the Natural Resources Defense Council and a former deputy with the EPA’s office for environmental justice.Hilda Berganza, climate program manager with the Hispanic Access Foundation, said: “Communities that are the front lines are going to feel it the most. And we can see that the Latino population is one of those communities that is going feel it even more than others because of where we live, where we work.”
Research shows the unequal harms of pollution, climate change
A study published in November found more than 46 million people in the U.S. live within a mile of at least one type of energy supply infrastructure, such as an oil well, a power plant or an oil refinery. But the study found that “persistently marginalized” racial and ethnic groups were more likely to live near multiple such sites. Latinos had the highest exposure.The EPA, in that 2021 report, estimated that with a 2-degree Celsius (3.6 Fahrenheit) rise in global warming, Black people were 40% more likely to live in places with the highest projected rise in deaths because of extreme heat. Latinos, who are overrepresented in outdoor industries such as agriculture and construction, were 43% more likely to live where labor hour losses were expected to be the highest because of heat.Julia Silver, a senior research analyst at the University of California, Los Angeles’ Latino Policy and Politics Institute, found in her own research that California Latino communities had 23 more days of extreme heat annually than non-Latino white neighborhoods. Her team also found those areas have poor air quality at about double the rate, with twice as many asthma-related emergency room visits. Other research shows that Latino children are 40% more likely to die from asthma than white children in part because many lack consistent health care access.“What we’re risking with a rollback like this at the federal level is really human health and well-being in these marginalized groups,” Silver said.
Experts say the disparate impacts will be significant
Armando Carpio, a longtime pastor in Los Angeles, has seen firsthand how vulnerable his mostly Latino parishioners are. Many are construction workers and gardeners who work outside, often in extreme heat. Others live and work near polluting freeways. He sees children with asthma and elders with dementia, both linked to exposure to air pollution.“We’re regressing,” he said. “I don’t know how many years back, but all of this really affects us.”It is difficult to quantify how much more communities of color could be impacted by the finding’s revocation, but experts who spoke with The Associated Press all said it would be significant.“You will see statistically significant increases in excess morbidity and mortality when it comes to climate impacts and health impacts associated with co-pollutants” in communities of color, said Sacoby Wilson, a University of Maryland professor and executive director of the nonprofit Center for Engagement, Environmental Justice and Health INpowering Communities.Beverly Wright, founding director of the Deep South Center for Environmental Justice in New Orleans, said at least four Black communities in Cancer Alley no longer exist because of the expansion of industrial facilities. The repeal will bring more pollution, higher cancer rates, more extreme weather and the disappearance of more historic communities, she said.“It has us going in the wrong direction, and our communities are now at greater risk,” she said.
The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP’s environmental coverage, visit https://apnews.com/hub/climate-and-environment
Dorany Pineda and Seth Borenstein, Associated Press
You can put a lot of different things in fried rice, but certainly not glass. Unfortunately, that might be an ingredient in certain packages of Trader Joes chicken fried rice.
Frozen food manufacturer Ajinomoto Foods North America is recalling more than three million pounds of chicken fried rice products due to potential glass contamination.
The recall includes products with both Ajinomoto and Trader Joes branding. The manufacturer, based in Portland, Oregon, notified the U.S. Department of Agricultures (USDA) Food Safety and Inspection Service (FSIS) after it received four customer complaints of glass in the rice.
As of Thursday, February 19, no related injuries have been reported. Here’s what you need to know.
[Photos: via USDA]
What products are affected?
The recall concerns two types of frozen not ready-to-eat (NRTE) chicken fried rice.
They were produced between September 8, 2025, and November 17, 2025, with each item containing establishment number P-18356 in its USDA inspection mark. Below are their full names and best-by dates:
1.53-kilogram cardboard packages with six bags of frozen Ajinomoto Yakitori Chicken with Japanese-Style Fried Rice. Their best by dates range from September 9, 2026 to November 12, 2026.
20-ounce (1 pound and 4 ounce) plastic bag packages with frozen Trader Joes Chicken Fried Rice with stir fried rice, vegetables, seasoned dark chicken meat and eggs. Their best by dates range from September 8, 2026 to November 17, 2026.
Pictures of the impacted products are available here.
Where and when was the product sold?
Ajinomotos fried rice was exported exclusively to Canada and not sold in U.S. stores. The Trader Joes fried rice was sent to retail locations across the United States.
What should I do if I have this product?
The FSIS stresses that anyone who has this product should not consume it. Instead, the item should be thrown away or returned to the store.
Fast Company has reached out to Trader Joes for comment and will update this post if we hear back.
This is far from the first recall to impact Trader Joes. Products sold by the popular retailer have seen everything from rocks in cookies to risks of food-borne pathogens like listeria.
As the Winter Olympic and Paralympic Games unfold, something is unmistakable: Women are driving the moment.
Theyre leading highlight reels. Headlining broadcasts. Powering the storylines fans are sharing and following in real time. From figure skating to freestyle skiing to hockey, women athletes arent a side stage to the Gamesthey are the main event.
And the data backs up what were all seeing.
In new international research from Parity and SurveyMonkey surveying nearly 12,000 adults across the U.S., Canada, the UK/Ireland, and Australia, womens events are as popular asor more popular thanmens events in the majority of Winter Olympic sports. High-profile women athletes, including Lindsey Vonn, Eileen Gu, and Marie-Philip Poulin, account for 55% of named competitors fans say theyre most excited to follow. And 25% of adults who are excited about the Olympic Games plans to follow more womens events this year than they have in the past.
This raises a more nuanced question: If fans say womens sports matter, why is the U.S. less emphatic about demanding equal treatment for women athletes? And why is the U.S. defining equality differently than the rest of the world?
FANS ARENT ASKING FOR PARITY, THEY EXPECT IT
The most striking finding from the research isnt just interest. Its expectation.
Across political affiliations and demographics, a majority of U.S. adults say its important that men and women athletes be treated equally at the Olympic and Paralympic Games.
That includes everything from sponsorship investment and marketing dollars to media coverage, resources, and overall visibility.
But heres where the U.S. story gets complicated.
When we compared attitudes internationally, Americans lagged behind their peers in the strength and depth of their conviction. In the UK and Ireland, nearly 80% of adults say equal treatment is important. In the U.S., that drops to 59%. And the real gap is among adults across countries who describe it as very important that men and women athletes are treated equally.
That gap matters. At a time when women athletes are delivering some of the most compelling performances of the Games, that hesitation matters.
In Canada, the UK/Ireland, and Australia, adults most often felt that equal funding support from their countries exemplified equalitya structural, institutional commitment that ensures women athletes have the same resources to train, compete, and win. In the U.S., however, the top measure wasnt funding. It was the amount of media coverage.
Globally, equality is viewed as an investment decision. In the U.S., its still often treated as a visibility problem.
Across every country, equal rules or judging criteria and offering the same sports for men and women rounded out the top four ways to achieve equality at the Games.
However it manifests, audiences want equalityand they expect brands to reflect that standard.
Fifty-one percent of U.S. adults say Olympic and Paralympic sponsors should invest marketing dollars equally between men and women athletes. Yet 43% believe Olympic and Paralympic brands arent spending enough on womens sports today.
Consumers see the gap. And when expectations outpace action, trust erodes.
THIS IS NO LONGER A GROWTH BET, BUT A GROWTH ENGINE
For years, womens sports were framed as something brands should support, after the audience showed up. That argument doesnt hold anymore.
The audience is already here.
Womens events are matchingand often exceedingmens in popularity. Women athletes are generating outsized engagement and cultural relevance. And younger fans, especially, expect brands to reflect their values.
At Parity, we have the privilege of working with more than 1,400 professional women athletes, including hundreds of Olympians and Paralympians, and over 50 of our athletes are in action in Milan-Cortina. We consistently see that partnerships with women athletes drive stronger trust, deeper community connection, and more authentic storytelling.
In a fragmented world where attention is scarce, trusted voices matter more than ever. Women athletes are some of the most credible and relatable storytellers in sports.
Brands that recognize this are gaining share of heart, and share of market.
THE GAMES ARE A GLOBAL STAGELEADERSHIP IS VISIBLE
The Olympics and Paralympics arent just sporting events. Theyre cultural mirrors and megaphones. They show the world what we value, and who we value.
When coverage, sponsorship, and storytelling skew unequal, it sends a message. So does equal investment.
Audiences outside the U.S. are expressing stronger expectations around gender equality.
As the worlds largest sports and advertising marketand with the 2028 Summer Olympics coming to Los Angelesthe U.S. should be setting the standard, not trailing it. Especially when women athletes are already delivering some of the most electric moments of the Games.
THE OPPORTUNITY
Progress doesnt require patience, it requires priority.
Today, brands can choose to fund women athletes equally, tell their stories more prominently, and show up where fans already are. Because the audience has spoken. The momentum is real. The upside is obvious.
And midway through these Games, one thing is undeniable: Womens sports arent catching up.
Theyre leading.
And its time for the rest of the ecosystemespecially here in the U.S.to lead with them.
Leela Srinivasan is CEO of Parity.
Hello again, welcome to Fast Companys Plugged In, and a quick note: A couple of weeks ago, I mentioned a game I was vibe-coding using Claude Code, and said I would share it once I finished it. Here it is, along with more thoughts on the uncanny experience of collaborating with AI on a programming project.
Late Show host Stephen Colbert and his network, CBS, are still at odds over why his planned interview with James Talarico, a Democratic candidate for a Texas U.S. Senate seat, didnt air last Monday. In Colberts account, CBS lawyers forbid the broadcast after Federal Communications Commission chair Brendan Carr said talk show interviews might trigger the FCCs equal time rule, which requires broadcasters to give equivalent airtime to competing candidates if requested. For its part, CBS maintained that its lawyers didnt quash the interview but rather informed Colbert of the equal-time issue.
Either way, Colbert had a problem on his handsbut an easily solvable one. The Late Show simply put the interview on YouTube, whichlike all streaming servicesis not subject to the equal time rule. Its since racked up more than eight million views, well over three times the typical live/DVR viewership of Colberts program in its classic form.
For CBS, the incident was particularly touchy. Its parent company, Paramount Skydance, is currently trying to engineer a takeover of Warner Bros. Discovery, a deal that would require approval by the Trump administrations Department of Justice. Given that the FCC was already investigating ABCs The View over a Talarico interview, Carrthe guy who managed to get Jimmy Kimmel knocked off the air for four nights last Septembercould have seized on a Late Show interview as a provocation. Bumping the segment to YouTube eliminated it as grist for his mill. (For the record, Carr claimed to be entertained by the whole affair.)
Along with the Trumpy intrigue, the Colbert-Talarico-Carr drama provides more evidence that YouTube has eaten TVa topic I explored last October in an oral history titled, well, How YouTube Ate TV. Once Colbert concluded he couldnt run the Talarico interview on his broadcast show, its tough to believe he spent much time figuring out where to put it. What about Paramount+, Paramount Skydances own streaming contender? Well, maybe, if Colbert had wanted to reach its 77.5 million subscribers. But releasing it on YouTube, which has two billion logged-in watchers a month, was the surest way to make the interview available to the largest possible audience.
The fact that YouTube is now the U.S.s largest video service, period, only makes the equal time ruleand its focus on media brought into homes by antennaslook more antiquated. Its certainly possible to see noble intentions in the FCC mandate, which predates the agencys 1934 establishment and happens to be almost exactly the same age as CBS. (Both will mark their respective centenaries next year.) Radio, the medium that inspired it, used public airwaves, was greatly constrained by available spectrum, and exerted tremendous power over political candidates ability to reach voters. So did TV, once it arrived in force in the late 1940s.
But just a decade after that, the equal time rule was already regarded as counterproductive if not faintly ridiculous. A Chicago kook/perennial candidate named Lar Dalywho campaigned in an Uncle Sam suitseized it to secure TV airtime in his 1959 campaign for mayor of Chicago. The following year, when he ran for president, he even forced his way onto The Tonight Show. His antics helped prompt Congress to carve out exemptions protecting many broadcasts from having to comply with the rule, including the 1960 Kennedy-Nixon debates.
By the 1980s, so many types of programming were exemptincluding newscasts and news interview shows such as Meet the Pressthat when the equal time rule came into play, it was often in edge cases such as stations choosing not to run old Ronald Reagan movies during his presidential campaigns. (Sorry, Bedtime for Bonzo fans.) As recently as 2006, the FCC told a California gubernatorial candidate that incumbent governor Arnold Schwarzeneggers appearance on The Tonight Show did not entitle him to equivalent time. (Carrs recent stance that talk shows may be subject to the rule is at odds with that ruling.)
Maybe there was an argument for the rule when streaming video did not yet exist, and even cable TV reached a minority of U.S. households. But according to the Pew Research Center, 78% of American households have broadband. Another study, from Nielsen, found that only 18% of homes had an antenna rigged up for over-the-air broadcasts, and that most of those also had access to streaming services such as Hulu and Netflix. Thats not accounting for people who watch internet video on a phone via a cellular connection.
Bottom line: Very few people are watching broadcast TV solely because they dont have other options. Indeed, its old-school TV thats become a niche. Which helps explain why Paramount Skydance is so eager to scarf up Warner Bros. Discoverys colossal back catalog but so disinterested in Colbert that it canceled his show. (The company maintains the cancellation was a prudent financial decision, not a token of goodwill to Trump as his DoJ was preparing to sign off on Paramounts merger with Skydance; regardless of the motivation, its a sign of traditional TVs diminished relevance.)
YouTube is hardly immune to government interference in its political content. On Wednesday, attorneys general from 16 states sent a letter to Alphabet Chief Legal Officer Kent Walker claiming it had censored videos from conservative political commentators such as Glenn Beck and Ben Shapiro. Still, as far as I know, nobody argues that anything resembling the equal time rule should apply on YouTube. Given that there are millions of YouTubers, it would hard to know where to start. But with millions of YouTubers of wildly different predilections posting videos to the platform, a powerful form of equal time is built in.
Meanwhile, broadcast medias control by a shrinking number of giant companies is a bigger problem than ever, and Carr doesnt seem to care, at least as long as it might tilt in a Trump-friendly direction. On Wednesday, he said he supports lifting an ownership cap on TV stations to allow the right-leaning media company Nexstar to acquire its rival Tegna.
Carr will presumably continue to wield the equal time rule as a cudgel against Trump critics, particularly if it leads media companies to obey in advance, as CBS seems to have done. I dont discount the possibility of some future Democratic FCC chair abusing it in a similar fashion. But its nice to think that the mandatewhich, in our lifetimes, always seemed both impotent and misguidedmight continue to fade away along with the 20th-century forms of media that inspired it.
Youve been reading Plugged In, Fast Companys weekly tech newsletter from me, global technology editor Harry McCracken. If a friend or colleague forwarded this edition to youor if you’re reading it on fastcompany.comyou can check out previous issues and sign up to get it yourself every Friday morning. I love hearing from you: Ping me at hmccracken@fastcompany.com with your feedback and ideas for future newsletters. I’m also on Bluesky, Mastodon, and Threads, and you can follow Plugged In on Flipboard.
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