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You are probably hearing other business owners refer to the term “the second bite” with a big smile on their faces. The second bite refers to the opportunity that arises after a business owner sells less than 100 percent of their ownership stake. By leaving chips on the table, business owners have the chance to partner with a private equity firm to accelerate growth and business value. This can lead to a second bite which comes during the next sale of the business. At some point, many great businesses reach an inflection point: a time when the owner wants a partner who can help preserve and enrich the future of the business (and do it in the right way). When a busine…

Genetic data was on the auction block, and a U.S. biotech company ponied up the cash. New York-based Regeneron Pharmaceuticals announced on Monday that it has purchased DNA testing company 23andMe through a bankruptcy auction for a total of $256 million. The deal includes most of the company’s assets, including, notably, user and customer data. Regeneron’s announcement emphasizes that the company will comply with existing privacy laws and 23andMe’s policies, which were conditions of the sale. Privacy experts have said that any such sale presents special challenges given the sensitive nature of the genetic data that 23andMe collects. “The agreement includes R…

Epic Games‘s Fortnite video game was not available on Apple’s iPhone devices in the European Union and the United States on Friday. Access to Fortnite via Apple’s iPhone Operating System and through its App Store will be unavailable worldwide until Apple unblocks it, Epic Games said. Epic Games did not give a reason why Fortnite was blocked, but Apple said it had asked Epic Sweden to resubmit the app update without including the U.S. storefront so as not to impact Fortnite in other geographies. “We did not take any action to remove the live version of Fortnite from alternative distribution marketplaces,” an Apple spokesperson said. Epic, a U.S.-based studi…

New Jersey Transit’s train engineers reached a tentative deal Sunday to end their three-day strike that had halted service for some 100,000 daily riders, including routes to Newark airport and across the Hudson River to New York City. The union said its members would return to work on Tuesday, when trains would resume their regular schedules. The walkout that began Friday was the state’s first transit strike in over 40 years, forcing people who normally rely on New Jersey Transit to take buses, cars, taxis and boats instead or consider staying home. The main sticking point had been how to accomplish a wage increase for the engineers without creating a financially disastr…

Rite Aid is moving quickly to close additional store locations after selling a substantial chunk of its pharmacy business to other companies last week. The drugstore chain, which is winding down operations after seeking Chapter 11 bankruptcy protection for a second time earlier this month, has listed 95 store locations that it wants to close as it continues to seek buyers for its retail operations. The locations span six states, with Rite Aid’s home state of Pennsylvania being hit hardest. The list includes more than 70 Pennsylvania stores. Competitors scoop up Rite Aid’s pharmacy assets The move to close additional locations was disclosed in a court filing one…

Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. For years, famed restaurateur Danny Meyer has wanted to reinvent the way diners pay their bills. He’s dreamed of a world in which patrons can pay for their meals and simply walk out of an eatery without asking and waiting for the check. Meyer’s vision for frictionless payments found its…

“The best way to predict the future is to create it.” This timeless insight from renowned 20th-century Austrian-America management consultant Peter Drucker is especially relevant for startup leaders who aim to build something that stands the test of time. In today’s digital economy, global expansion has never been easier—yet many tech founders are still focused on an initial geographical market. While starting with that thinking may seem practical, failing to embed a global mindset from the get-go can limit long-term potential. The reality is, startups that delay international thinking face tougher roadblocks later—scaling infrastructure, product-market fit, cul…

Researchers at Carnegie Mellon University (CMU) have just answered a question that’s probably occurred to Lego fans for decades: What if I could instantly turn any idea into a Lego set? In a paper titled “Generating Physically Stable and Buildable LEGO Designs from Text,” published last week, six coauthors lay out an invention they’re calling “LegoGPT.” This generative AI model can take a text-based prompt, like “an acoustic guitar with an hourglass shape,” and determine all of the necessary Lego pieces needed to build that structure and how to assemble them. The LegoGPT demo and code is publicly available through the study, meaning that Lego hobbyists are free to try it…

As summer nears and states like Texas are already facing extreme heat, tariffs are about to make cooling your home a lot more expensive—and experts don’t expect prices to come down any time soon. The U.S. heating and cooling industry is highly dependent on overseas manufacturers, both for fully assembled units like air conditioners, heat pumps, and HVACs, and for the component parts used to build them. According to the Observatory of Economic Complexity, the U.S. imported more than $15 billion in AC units last year, mainly from Mexico and China. But according to Aydin Mehr, general manager of the HVAC contractor UniColorado, overseas manufacturers essentially hal…

In recent months, the New York City subway system has seen a string of shocking and deadly incidents of violence, including several passengers who have been shoved from the platform into the paths of moving trains. A recent report finds that misdemeanor and felony assaults within the subway system have tripled since 2009. For everyday riders and visitors alike, there is now a lurking fear that their next trip on the subway could be dangerous. Many, including the governor of New York, are seeking solutions, which range from adding more police presence to increasing surveillance to installing more lighting to combatting fare evasion. But there’s another approach that co…

We’ve been told that the future of work is all about freedom. Companies offer unlimited PTO, flexible hours, and asynchronous communication channels that we can access anytime. The promise is that fewer constraints will make us more empowered, more creative, and more connected. Sounds great in theory, but in practice, that kind of freedom without structure often leads to chaos. Without clear boundaries, work becomes a blur. Expectations go unspoken, resentment builds, and ultimately, trust erodes. And the very flexibility meant to liberate us begins to wear us down. The healthiest organizations aren’t boundaryless; they’re boundary-wise. Why Boundaries Matter Mor…

I don’t know about you, but I usually cringe when I get my weekly Screen Time Report. Did I really spend that much time online? Turns out, I’m pretty average. According to DataReportal’s 2025 Global Overview Report, adults worldwide clock in about six hours and 38 minutes on digital devices each day. While being average is comforting, I know I could benefit from more time unplugged. Yet, the thought of a full digital detox feels scary. “It’s very hard to completely disconnect yourself,” says Cristiano Winckler, director of digital marketing for Somebody Digital, a digital marketing agency. “But anything in excess is going to have negative consequences. The quest…

Step inside a newly built apartment complex in almost any American city and you’re likely to find people congregating in an unexpected place. They’re not in the pool or the game rooms or the gym. The people are gathering in the mailroom. Through an unusual collision of building codes, postal regulations, shopping habits, and a global pandemic, mailrooms have become a new kind of social space in apartment buildings. And designers are finding new ways of taking what has long been a utilitarian peripheral space and turning it into a central square where residents can dwell and interact. Julia Lauve is an interior designer in Dallas and her firm Workshop Studio design…

Cultural planning has shape-shifted throughout its history, encompassing beautification initiatives, placemaking (and placekeeping) projects, and preservation work. But in the past decade, the field has accelerated significantly, according to Rana Amirtahmasebi and Jason Schupbach, the editors of The Routledge Handbook of Urban Cultural Planning, a new manual that compiles the most innovative programs, policies, and approaches to the discipline that have recently emerged. A throughline? That creative wellness is essential to cities, and that everything from the climate crisis to displacement, tourism, public space, and infrastructure can benefit by centering culture …

In a new bag from Freitag, every part—from the fabric to the zipper, straps, buckles, and the thread that holds everything together—is made from a single material. The product is the latest example of a “monomaterial” design approach that some brands are beginning to use for a simple reason: It means that the products can actually be recycled when they eventually wear out. Right now, a typical backpack or bag has components made from multiple different materials. Dismantling everything at the end of its life is too time-consuming and expensive to be feasible. But using one material makes it essentially as simple as recycling a plastic water bottle. “You can basic…

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. Subscribe here. The AI search landscape is transforming at breakneck speed. New “Deep Research” tools from ChatGPT, Gemini and Perplexity autonomously search and gather information from dozens—even hundreds—of sites, then analyze and synthesize it to produce comprehensive reports. While a human might take days or weeks to produce these 30-page citation-backed reports, AI Deep Research reports are ready in minutes. Traditional AI queries deliver isolated answers to specific questions, while Deep Research tools conduct sophisticated inv…

In my decades of working in cybersecurity, I have never seen a threat quite like the one we face today. Anyone’s image, likeness, and voice can be replicated on a photorealistic level cheaply and quickly. Malicious actors are using this novel technology to weaponize our personhood in attacks against our own organizations, livelihoods, and loved ones. As generative AI technology advances and the line between real and synthetic content blurs even further, so does the potential risk for companies, governments, and everyday people. Businesses are especially vulnerable to the rise of applicant fraud—interviewing or hiring a phony candidate with the intent of breaching an o…

Artificial intelligence: it’s not just for tech experts anymore. Instead, a heaping helping of free online resources has emerged. These classes are specifically designed to welcome beginners into the world of AI, even if they possess little or no prior technical background. I selected these Coursera courses for their beginner-friendly approach, high ratings, and comprehensive coverage of foundational concepts and key AI domains. AI For Everyone If you’re taking your very first steps into AI, “AI For Everyone” on Coursera is a great starting point. The course requires no prior experience in AI or programming, making it truly accessible to everyone, and it’s …