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IJR News — today's news from every side

LIV Golf Faces Uncertain Future After PIF Exits — Jul 21, 2026With Saudi Arabia’s Public Investment Fund pulling its funding, LIV Golf faces a fragile future and may need outside investment, even as star players like Jon Rahm weigh their options and seek clarity. Rahm remains optimistic and says he’s in contact with LIV while continuing to compete on the DP World Tour under a recent release, but he’s not sharing specifics about his 2027 plans as the league negotiates its next steps and potential pathways to the PGA Tour or Ryder Cup eligibility.

LIV Golf Lays Off Majority as PIF Funding Ends — 5dLIV Golf is laying off the majority of its workforce as funding from Saudi Arabia's Public Investment Fund winds down, signaling a transition to LIV 2.0 and ongoing efforts to secure new backing while noting staff reductions in the United States and Britain. With the watershed funding uncertain, some players may face a choice between commitments to LIV and potential return to the PGA Tour, which has not indicated plans to restart its former member program.

James Okafor Good catch. Hadn't noticed that angle.

LIV Golf Plans Bankruptcy Protection Next WeekBusiness — 22hLIV Golf could file for Chapter 11 protection in New Jersey as soon as the week of September 7, with Saudi Arabia’s Public Investment Fund poised to provide a debtor-in-possession loan under $100 million while the league brokers a potential pre-packaged deal with BC Partners to fund a lean 2027 season. Current players have been offered settlements worth only a few cents on the dollar as LIV negotiates funding and a possible LIV 2.0 equity-like structure amid pressure from the DP World Tour and ongoing cost-cutting efforts.

EU approval of Saudi PIF EA deal — Jul 23, 2026The European Commission has approved Saudi Arabia's Public Investment Fund-led $55 billion acquisition of Electronic Arts, with the deal cleared under EU merger rules after regulators found no competition concerns. It is also being reviewed under the EU's Foreign Subsidies Regulation, with a decision due by July 30, highlighting a landmark investment in gaming and entertainment while EA remains headquartered in California.

IJRAs California Burns Billions To Fail At High-Speed Rail, China Laid Enough Track To Circle America Three TimesParis Apodaca · 6 min · 8h

More than 100 UK millionaires urge higher wealth taxes — Jul 23, 2026More than 100 UK-based millionaires, led by Gary Lineker, have signed the 'Proud to Pay' open letter urging Andy Burnham to tax wealth more to reduce inequality and fund public services, arguing the very rich can afford it. The push has celebrity backing and a stated potential revenue boost, but faces criticism from Reform UK and Conservative voices who warn higher wealth taxes could deter investment and harm the economy.

RankingMost underrated cities in AmericaAmerica's biggest cities hog all the spotlight, while dozens of smaller gems get overlooked despite great food, culture, and character. These underrated cities deserve recognition beyond the usual coastal favorites. Cast your vote and help crown the most underappreciated city in the country.693 votes · 21 candidates

House Passes Stop Insider Trading Act; Senate Fate UnclearPolitics — Jul 20, 2026Lawmakers are pushing the Stop Insider Trading Act to bar members of Congress from buying individual stocks, while allowing investments in funds and requiring 7 to 14 days’ advance notice before selling; the measure aims to curb potential profits from inside information and faces a dim Senate outlook. Public support for restricting congressional stock trading remains high, even as Republicans link the bill to other priorities and campaigns highlight ongoing partisan debate and individual cases.

Intel Raises Stock Offering to Up to $20B — Aug 10, 2026Intel plans a roughly $15 billion underwritten public stock offering to fund AI and advanced manufacturing expansion, with a 30-day option for underwriters to purchase up to an additional $2.25 billion in shares. The move highlights the capital-intensive push in AI chipmaking, ongoing turnaround efforts, and potential dilution concerns for existing shareholders amid government and industry investments in domestic semiconductor capacity.

Micron Details Boise Lab, Albany EUV Center funding split — Aug 20, 2026Micron announced Micron Research Labs, a U.S.-based, long-horizon memory and compute research hub headquartered in Boise backed by a $10 billion investment over the next decade, with extensive university collaborations, global satellite labs, and broad ecosystem partnerships. In parallel, the company is funding North America’s first publicly owned High-NA EUV lithography center in Albany, New York as part of a public-private partnership, a $10 billion project with IBM, Applied Materials and Tokyo Electron to strengthen domestic memory technology and manufacturing capabilities.

Nvidia in talks to back Perplexity at $30B+ — Aug 24, 2026Nvidia is in talks to invest in Perplexity in a funding round valued at over $30 billion, with the deal expected to raise several billion and reflect strong demand for AI tools. Perplexity’s ARR has surpassed $750 million, and the startup plans to go public in 2028, supported by major backers including Nvidia and Jeff Bezos.

On X · @WWEWWE Roman Reigns vs Penta World Heavyweight Title Match in Mexico CityAnnouncement of Roman Reigns defending the World Heavyweight Championship against Penta in Mexico City generated mostly positive fan excitement and hype, with some criticism focused on predicted booking outcomes rather than the match itself.2,045 likes · 7m