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Sunday, September 20, 2026

SPAC Leader's Advantage Acquisition prices $150 million IPO, targeting chemicals and healthcare

 Leader's Advantage Acquisition, a blank check company targeting chemical and healthcare sectors, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.


Leader’s Advantage Acquisition is led by CEO and Chairman Paritosh Chakrabarti, the founder of chemical and plastics manufacturing company PMC Group. He is joined by CFO Edward Krynski, the Controller of PMC Group. The SPAC intends to target chemical and healthcare sectors with proven unit economics, the potential for stable free cash flow, among other characteristics.

The Mount Laurel, NJ-based company will trade on the Nasdaq under the symbol LEDRU. Clear Street and D. Boral Capital acted as joint bookrunners on the deal.

Anthropic picks Accenture for third-party AI safety evaluations

 Accenture's long list of consulting services is expanding to include evaluating Anthropic's frontier AI models for safety compliance. Anthropic announced the partnership that would allow Accenture to serve as third-party evaluators that will be embedded within the AI giant. The partnership would see both companies invest at least $1 billion each into this joint effort over the next five years.


Anthropic's partnership with Accenture is one of the first steps of a plan to slow down the pace of AI development, as proposed by its CEO, Dario Amodei, last week. In Amodei's three-step approach, the proposal called for all "frontier AI" companies to give "ongoing, employee-like access" to embedded third-party evaluators that are tasked with ensuring safety practices and commitments are being followed, reporting incidents and assessing AI model alignment. More specifically, Accenture's evaluators will "watch models take shape in training, follow the decisions that govern how those models are built and deployed and speak directly to employees," according to Anthropic.


Anthropic explained that Accenture had experience helping businesses and governments deploy AI across several industries. The AI company also said that Accenture has experience with how enterprises use AI and can offer more perspective when it comes to Anthropic's own models. However, Anthropic noted that the idea of embedded evaluators is new and hasn't yet set standards when it comes to scope, what access the evaluators get nor the procedure of reporting concerns.


To get a better sense, Anthropic said it will be working with others companies beyond Accenture when it comes to evaluating its frontier AI models. The company said it will announce other evaluators it in the coming weeks, while also expressing that Accenture will work with AI companies besides Anthropic.


https://www.engadget.com/2263235/anthropic-picks-accenture-for-third-party-ai-safety-evaluations/

Bessent: Very successful talk with China on trade, AI

 United States Treasury Secretary Scott Bessent said he had a "very successful" meeting with Chinese Vice Premier He Lifeng, which included discussions on trade and artificial intelligence. He added that the two countries will hold further talks on AI and that the US proposed a bilateral AI notification mechanism on incidents and issues that "rose to the national security level." He confirmed that the US-China board of trade has been "operationalized."

US Trade Representative Jamieson Greer said the focus of the meeting was to help US President Donald Trump and Chinese President Xi Jinping "continue their relationship" when they meet on September 24. He added that the board of trade will look into "non-sensitive" goods that could be exempt from any future trade measures to restore "balance" in the US-China trade relationship.

https://breakingthenews.net/Article/Bessent:-Very-successful-talk-with-China-on-trade-AI/67139737

Is traditional enterprise IT disappearing?

 Two health system CIOs say the traditional enterprise IT model is changing as AI reshapes technology work and more tech expertise spreads across healthcare organizations.

For Will Landry, senior vice president and CIO of Baton Rouge, La. -based FMOL Health, that could mean enterprise IT becomes increasingly concentrated around cybersecurity and governance.

“I do think that the traditional enterprise IT model is going to … really turn into primarily cybersecurity and governance,” Mr. Landry said Sept. 16 during Becker’s 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health in Chicago.

Mr. Landry said health system IT departments could become less focused over time on traditional infrastructure and application oversight. He also pointed to the proliferation of technology and so-called shadow IT across organizations as governance becomes increasingly important.

“Enterprise IT is going to be, I think, way more focused on just governance and cybersecurity in the long run,” he said.

Mr. Landry made the comments during a panel titled “The Next Gen Healthcare IT Workforce,” alongside Uday Madasu, CIO of Knoxville, Tenn.-based Covenant Health.

Mr. Madasu said traditional IT functions will remain necessary, but he expects the focus of health system IT organizations to move increasingly toward capabilities and outcomes.

He said areas such as servers, network equipment and infrastructure are a means to an end, while IT teams should focus on whether technology improves experiences, access, financial performance and care.

“The traditional model is still there. You still need the plumbing, you need the infrastructure, but the focus is capabilities and outcomes,” Mr. Madasu said.

That evolution could also involve technology expertise sitting outside centralized IT departments.

Mr. Madasu said technology employees can be embedded in areas such as finance, human resources and operations, provided the organization maintains a common understanding of data, cybersecurity and AI governance, as well as shared strategic priorities.

“The technology expertise doesn’t go away,” he said. “It can either sit in my shop, I’m OK with it sitting outside my shop, but we all have to sort of walk towards those things, same true north, if you will.”

Both CIOs said they do not currently expect AI to translate into health IT workforce reductions, instead describing a shift in the work employees perform.

Mr. Landry characterized the issue as a workforce reinvention challenge. He said FMOL Health is not planning for workforce reductions but does expect changes in administrative and IT work, with resources potentially shifting closer to patients and clinicians.

Within IT, Mr. Landry said employees could spend more time providing workflow support and subject matter expertise and less time on certain types of building and coding.

Mr. Madasu similarly said AI could change the work of analysts. As agentic AI takes on more building, configuration and testing, he said analysts could focus more on safely deploying technology, helping users understand it and determining whether the organization is getting value from it. He said report writers could also spend more time translating data into insights and action rather than retrieving the data itself.

“The question is not what positions can we eliminate but the question is what higher value work can we now do because we have a different set of tools and skills,” Mr. Madasu said.

Even as technology work becomes more distributed, Mr. Madasu said some responsibilities should remain internal.

“Governance accountability cannot outsource those, cannot delegate those because the buck stops with me and I’m accountable,” he said.

Mr. Landry also emphasized governance and cybersecurity as technology becomes more widespread across organizations. He said health systems will need to educate employees, clinicians and others about emerging technologies and how they should be used.

https://www.beckershospitalreview.com/healthcare-information-technology/is-traditional-enterprise-it-disappearing-2-cios-weigh-in/

Tafoya hammers Minnesota Dems on welfare fraud, polls show her neck and neck in Senate race

 Minnesota Senate candidate Michele Tafoya dragged her Democratic opponent, Lieutenant Gov. Peggy Flanagan, over alleged welfare fraud in the state under her watch — as new polls predict an incredibly close match-up.

Tafoya, a former NFL reporter who won a crowded Republican primary last month, urged voters to “not give [Flanagan] a promotion” to the vacant Senate seat as the lt. governor leads Tafoya by 1.8 points, according to the latest Real Clear Politics poll.

“She really needs a pink slip,” Tafoya said during an appearance on Fox News Sunday.

A woman in a green dress speaking at a podium with an American flag and a red-striped background.
Michele Tafoya makes her case as the US Senatorial nominee for the GOP at the Minnesota Republican state convention at the Duluth Entertainment Convention Center in Duluth, Minn., on Saturday, May 29, 2026.Star Tribune via Getty Images

The Republican then raised concerns about alleged welfare fraud that occurred during Flanagan’s tenure, especially when posing the question of where and how billions of dollars exited Minnesota.

In Minnesota, the latest fraud occurred in Hennepin County — where Minneapolis is. About $2 million was reportedly set aside for businesses affected by ICE raids. However, businesses saw just a quarter of that fund because the state received 300 legit applications, and 200 were flagged for potential fraud.

“They know they have a place here in Minnesota where they can commit this fraud,” Tafoya said. “Because no one has been held accountable. It’s remarkable.” 

Tafoya claims the only sort of accountability seen in Minnesota’s fraud was Governor Tim Walz deciding not to run for a third term.

“We’ve got a clean house, and it’s going to start with the top of the ticket, and that’s the US Senate, where people are,” Tafoya said. “We’re now in a toss-up race here in Minnesota. We’ve been trending in the right direction, and that is good news for all of us and for the US Senate.”

Democratic candidate for US Senate, Minnesota Lt. Gov. Peggy Flanagan speaks
Democratic candidate for US Senate, Minnesota Lt. Gov. Peggy Flanagan speaks during a primary election night party at First Avenue on August 11, 2026 in Minneapolis, Minnesota.Getty Images

She is hoping to get a boost at the ballot box from non-college-educated voters who favor Republicans over Democrats by 16 percentage points, calling this group the “heart of the Trump coalition.”

“They are feeling some economic grievance and uncertainty and pressure,” Tafoya said. “For them, the question is not for whom to vote; it’s whether they’re going to bother at all.”

She hopes voters will see that the option between her and her Democratic challenger “could not be clearer.”

“It’s common sense versus crazy or chaos or communism or whatever kind of alliteration you want to use,” Tafoya said. “We are a common sense campaign that is looking to restore what Minnesota loves, which is the value of the dollar, not being stolen from, not having our leaders be untrustworthy.”

Minnesotans haven’t elected a Republican to represent them in the Senate since 2002, but Tafoya believes the North Star State is strongly “purple.”

Tafoya and Flanagan will face off in the general election in November.

https://nypost.com/2026/09/20/us-news/ex-nfl-reporter-michele-tafoya-hammers-minnesota-dems-on-welfare-fraud-as-polls-show-her-neck-and-neck-in-senate-race/

Telix Pharmaceuticals to buy ITM Isotope for $1.6B

 Australian company Telix Pharmaceuticals Ltd. announced on Monday that it is acquiring biotech firm ITM Isotope Technologies Munich SE for $1.6 billion in 105.8 million Telix shares. Telix also committed to assuming $302 million of net debt, while agreeing to up to $700 million in milestone payments to ITM.

"We have enjoyed a close working relationship with ITM for many years and there is strong management alignment for the rationale behind this transaction. By combining our complementary strengths, we will create a company with commercial scale, world-leading supply and the most exciting theranostic drug portfolio in the sector," Telix CEO Christian Behrenbruch said. The transaction is expected to close by the end of fiscal 2026. On completion, Telix shareholders will own around 76.3% of Telix shares, while ITM shareholders will own around 23.7%.

https://breakingthenews.net/Article/Telix-Pharmaceuticals-to-buy-ITM-Isotope-for-dollar1.6B/67139695

Apple’s Cook calls Australia’s social media curbs ‘world-leading,’ PM says

 Apple Executive Chair Tim Cook described Australia's restrictions on social media as "world-leading" during a meeting with Prime Minister Anthony Albanese at the company's California headquarters, Reuters reported on Sunday.

Albanese met Cook at Apple Park as Australia moves ahead with tighter rules aimed at protecting children and giving users more control over the content displayed on social media platforms.

The Australian government this month announced plans to give social media users the option to select the content they see in their feeds, marking the latest step in its online safety push.

The country became the first to ban social media use for children under 16 in December. Other governments have since moved toward similar restrictions, including the European Commission, which this year proposed a ban for children under 13.

Speaking after the meeting, Albanese said Cook viewed Australia's work on social media regulation as leading other countries.

Apple referred questions about Albanese's remarks to a post by Cook on X. Cook said he was pleased to show the prime minister some of Apple's latest technology, including controls designed to help protect children online.

The comments come as technology companies face increased scrutiny over how their products affect younger users and how much control consumers have over algorithmically selected content.

Apple is not itself a major social media operator, but its iPhone and App Store are important gateways to platforms run by companies including Meta Platforms, Alphabet, Snap and ByteDance-owned TikTok.

The debate over technology regulation is also expanding as increasingly powerful artificial intelligence systems raise separate questions about safety and the pace of development.

Industry executives have differed over how quickly companies should advance AI capabilities as policymakers consider how existing regulatory frameworks should apply to the technology.

Cook recently stepped down as Apple chief executive after leading the company for 15 years.

https://au.finance.yahoo.com/news/apple-cook-calls-australia-social-020208183.html