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Harvard to Pay $53 Million After Morgue Manager Stole and Sold Donated Body Parts

A Boston court gave preliminary approval Tuesday to a $53 million settlement between Harvard and families whose loved ones' donated remains were stolen and sold by former morgue manager Cedric Lodge. Harvard fought this in court and lost, only settling after the Massachusetts Supreme Judicial Court revived lawsuits a lower judge had thrown out.

Forest Service Firefighters Say Agency Is Understaffed. The Chief Says They're at Full Strength.

Nine federal firefighters tell the Guardian the U.S. Forest Service is dangerously short-staffed this wildfire season, with leadership gaps and firefighters logging over 1,000 overtime hours last year. Forest Service Chief Tom Schultz told Congress in July the agency is fully staffed. Both things can't be true, and the agency won't release the numbers that would settle it.

Nvidia Is Now Brokering Data Center Deals, Not Just Selling Chips, in the Nordics

Nvidia is quietly connecting companies that want GPU computing power with Nordic data center operators that have the land and electricity to house it, according to sources who spoke to CNBC. It's a smart monopoly play dressed up as customer service, and it's working because Europe's power grid near major cities is maxed out.

UK Inflation Hits 2.9% in July as Energy Bills Jump 13% Under New Ofgem Cap

British inflation rose to 2.9% in July, a four-month high, after Ofgem's energy price cap jumped 13% and added £221 to the average household bill. The US-Israel war with Iran has restricted global oil supplies, and Cornwall Insight expects another 4% bill increase in October. Core inflation held steady at 2.6%, which is the only reason the Bank of England isn't panicking yet.

Nokia to Shut Nearly All Mainland China Sites by Year-End, Ending 42-Year Presence

Nokia is closing almost every remaining site in mainland China by the end of 2026, cutting most of its roughly 7,200 Greater China jobs and keeping only after-sales support. The move caps years of losing ground to Huawei and ZTE, with China revenue down more than 58% since 2018.

MIT Study: 57 Million American Workers Now Classified as 'Disposable'

A new book from MIT Sloan economist Paul Osterman finds 35% of the U.S. workforce, about 57 million people, are contractors, freelancers or 'marginal' employees with no real path to promotion or security. The data lands the same week manufacturing job numbers show a sharp durable-goods hiring rebound, complicating any simple story about the state of American work.

UAE Cuts Off All Trade With Iran After Missiles Hit Its Waters, Tehran Calls It a False Flag

The UAE announced an indefinite halt to all trade, commerce and financial transactions with Iran after accusing Iranian forces of firing two ballistic missiles toward its territory Tuesday. Iran denies it fired anything and calls the incident a false flag by Israel and the U.S., but the embargo hits an economic lifeline Tehran has used for years to dodge American sanctions.

Treasury Doubles Bond Buybacks After 30-Year Yield Hits 19-Year High

After the 30-year Treasury yield spiked to 5.34% this week, its highest since 2007, the U.S. Treasury announced Wednesday it will double long-dated bond buybacks to $4 billion per operation starting September 9. Yields dropped nearly 10 basis points on the news and the dollar fell to its lowest since late May.

UK Watchdog Opens Formal Probes Into Trainline, Virgin Atlantic and RED Driving School Over Hidden Fees

The Competition and Markets Authority launched formal investigations into three companies on August 19, 2026, over 'drip pricing,' alleging fees up to £2.79 on train tickets and £7-plus on driving lessons weren't shown upfront. All three firms had already been warned with advisory letters and say they're cooperating, but Trainline's stock dropped 15 to 16 percent within hours of the announcement.

Trump Set to Nominate Dr. Heidi Overton for FDA Commissioner, Filling Post Vacant Since Makary's May Exit

President Trump is expected to nominate White House Domestic Policy Council deputy director Dr. Heidi Overton to lead the FDA, according to CNN and biospace, three months after Marty Makary's resignation. The pick still needs Senate confirmation, and the agency she'd inherit is dealing with a Class I device recall linked to four deaths and a leadership vacuum that's dragged on for months.

Merck-Moderna Personalized mRNA Cancer Shot Cuts Melanoma Recurrence in Phase 3 Trial, Stock Jumps 90%

Merck and Moderna announced Wednesday that intismeran, a personalized mRNA cancer vaccine paired with Keytruda, hit its main goals in a 1,137-patient Phase 3 trial for resected melanoma. Moderna stock soared as much as 90% premarket, but the companies still haven't released the actual numbers, disclosed overall survival data, or filed anything with the FDA.

Nick Kyrgios Suspended From Tennis After Positive Cocaine Test in June

Nick Kyrgios has been provisionally suspended since August 4 after a sample from the June Mallorca Open tested positive for a cocaine metabolite. He owned it, apologized, and hasn't appealed. Now it's up to a tribunal to decide how long he's gone.

Google Gets Warrant for 58.97 Million Marvell Shares at $206.58 in Expanded AI Chip Deal

Marvell Technology filed an 8-K on August 19, 2026 confirming it issued Google a warrant for nearly 59 million shares, exercisable at $206.58 through 2033, tied to a custom chip partnership covering TPU infrastructure. The warrant mostly vests as Google's purchases from Marvell hit $500 million revenue milestones, meaning Google only cashes in big if the chips actually sell.

State Farm's Lawyers Admit They Filed Fake AI-Generated Case Law in California Fire Dispute

Outside counsel for State Farm cited nonexistent court cases, invented quotes, and fabricated holdings in filings tied to a Carson, California house-fire insurance lawsuit. The firm blamed an AI legal research tool called Irys and apologized to the court, but the underlying homeowner's case, over an incomplete rebuild that ended in foreclosure, is still headed to an October trial.

Russia, Normally a Fuel Exporter, Is Now Importing 270,000 Tonnes of Refined Fuel From Asia

Ukrainian drone strikes on Russian refineries have gotten so effective that Moscow, historically a top-three refined fuel exporter, is now importing gasoline and jet fuel from India, South Korea and Malaysia. A third of the August shipments came from India, some produced by a refiner partly owned by Russia's own Rosneft, moved through ship-to-ship transfers designed to dodge sanctions scrutiny.

Mélenchon Proposes Burning French Government Debt Held by the Central Bank

French left-wing leader Jean-Luc Mélenchon says France should let the central bank buy up government bonds and destroy them to erase 18% of national debt. Economists warn the move would spark inflation and wreck France's credit standing, at a moment when French borrowing costs are already near 17-year highs.

Target Posts Second Straight Quarter of Sales Growth, Raises Guidance on $994 Million Tariff Refund

Target's comparable sales rose 3.8% in the fiscal second quarter, beating Wall Street's 2.4% estimate, and the company raised full-year guidance. A large share of the earnings jump came from a one-time $994 million tariff refund tied to a Supreme Court ruling against the Trump administration, not from underlying operating strength alone. Shares still slid about 1% premarket, a sign investors are more skeptical than the headline numbers suggest.

China's Own Tankers Are Dodging Hormuz and Bab al-Mandeb Despite Getting a Pass from Iran

Chinese state shippers COSCO and CMES quietly stopped sending tankers through the Strait of Hormuz and Bab al-Mandeb in late July, even though Iran and its Houthi proxies have generally spared Chinese-flagged vessels from attack. Beijing is rerouting oil through ship-to-ship transfers near Fujairah instead, a costlier workaround that shows even China doesn't fully trust Tehran's promises of safe passage.

Five Months Into Iran War, Trump Wants Out but Tehran Isn't Offering an Exit

The Iran conflict has settled into a grinding stalemate: 40 days of intense strikes back in the spring, followed by months of on-and-off negotiations going nowhere. Trump wants a deal before the midterms. Iran's leadership is betting it can wait him out, and oil prices are the pressure valve for both sides.

Lowe's Cuts Sales Forecast as DIY Renovation Spending Stalls, Homebuilder Confidence Still Stuck Below 40

Lowe's slashed its annual sales growth forecast to zero on Wednesday as high mortgage rates keep DIY customers on the sidelines, while Home Depot beat estimates the day before by leaning on smaller repair jobs. Separately, homebuilder confidence ticked up slightly in August but has now sat below the 50-point breakeven mark for 16 straight months, and Redfin reports the number of active homebuyers hit a record low in July.