Forbes' 2026 list of America's 400 richest people requires a net worth of at least $4.4 billion, up $600 million from last year, driven by AI and stock market gains. Massachusetts billionaires leading the list include Abigail Johnson of Fidelity Investments ($41.6 billion), her brother Edward Johnson IV ($16.3 billion), Robert Kraft ($15.2 billion), and Elizabeth Johnson ($14.4 billion).
Belgian doctors successfully transplanted frozen testicular tissue back into the same patient years later, resulting in sperm production for the first time in humans. The breakthrough, achieved in December 2024, involved grafting tissue preserved since 2008 and could offer new treatment options for male infertility, though the sperm quality remains limited and in vitro fertilization would be required for conception.
Apple is overhauling its retail strategy under new CEO John Ternus, shifting stores from community gathering spaces toward traditional retail focused on sales. The changes include restoring Genius Bars, removing video walls, and redesigning Avenue sections for online order pickup and workshops, while implementing stricter employee rules.
Immiserizing growth, a concept proposed by Jagdish Bhagwati in 1958, describes a paradoxical situation where economic growth—particularly export-based expansion—can leave a country worse off due to deteriorating terms of trade. When export supply increases inelastically, world prices fall, and import prices rise simultaneously, the resulting decline in trade terms can outweigh growth gains, particularly affecting developing countries dependent on primary goods exports.
Social Security recipients may receive a 3.5% cost-of-living adjustment in 2027, the largest in three years, based on recent inflation data. The increase would add about $70 to average monthly benefit checks, though analysts note that Medicare premiums and other costs have historically offset COLA gains. With Social Security's trust fund predicted to deplete by 2032, policymakers are debating potential changes to the program's solvency.