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  • An experimental Alzheimer’s drug shows promise targeting a different brain protein, new study shows


    WASHINGTON (AP) — An experimental drug might help slow early Alzheimer’s disease in a markedly different way than today’s treatments — by lowering levels of a brain protein called tau, researchers reported Tuesday.

    Tau is one part of a toxic duo fueling Alzheimer’s but prior attempts to develop drugs that can target the protein have failed. Two Alzheimer’s drugs, lecanemab and donanemab, try to clear buildup of the better-known amyloid protein and can modestly slow cognitive decline.

    The new findings suggest Biogen’s diranersen did more than lower tau levels. The study of about 400 people found signs that it also slowed cognitive decline, in one small subset enough to be comparable to amyloid therapy, according to results presented at the Alzheimer’s Association International Conference in London. Biogen is planning a larger study to try to prove the drug’s benefit.

    “This is really quite promising if it were to hold up” in that next-step testing, said Jessica Langbaum of the Banner Alzheimer’s Institute in Phoenix, who wasn’t involved with Biogen’s study.

    “This is early days,” cautioned Dr. Reisa Sperling of Mass General Brigham, who also wasn’t involved in the study. But “I think it will reinvigorate interest and investment in lots of tau mechanisms, and the field needs that.”

    It’s one of multiple novel attempts to fight the mind-destroying disease, including a possible tau vaccine, an experimental heart drug that might do double-duty for some people at high risk of Alzheimer’s, and ways to help medicines more easily get across the so-called blood-brain barrier.

    New approaches are needed to fight the leading cause of dementia

    It’s not clear exactly what causes Alzheimer’s, which affects more than 7 million Americans and tens of millions worldwide. That sticky amyloid protein starts building up to form plaques in the brain about two decades before symptoms appear. But amyloid alone isn’t enough to cause Alzheimer’s. Many scientists believe that amyloid buildup eventually triggers an abnormal form of tau to form tangles in neurons, setting off symptoms.

    Diranersen is what’s called an antisense oligonucleotide that doesn’t attack tau buildup but instead instructs a tau-producing gene to produce less.

    “If you lower tau production, you are lowering the amount of the abnormal tau that needs to be cleared by the microglia, by the clearance mechanism in the brain. And so you are enabling the normal clearance mechanism to have more capacity to clear the tau,” said Dr. Cath Mummery of University College London, who led the new study.

    Today’s anti-amyloid drugs are given through the bloodstream via infusions or injections. Diranersen is injected into the fluid surrounding the spinal cord, a straighter path to the brain.

    Biogen’s tau drug missed a key study goal — but was still encouraging

    Biogen’s study included people with mild cognitive impairment or mild Alzheimer’s, randomly assigning them to different doses of diranersen or a placebo. Back in May, Biogen and partner Ionis Pharmaceuticals announced that the lowest dose — given every six months — had the strongest effect. That was a counterintuitive surprise and meant the study didn’t meet its planned goal of showing that higher doses brought greater benefits.

    Still, scientists had been anxiously awaiting details about how much that twice-a-year spinal shot really helped. Five of six different brain tests showed diranersen recipients’ memory and other cognitive abilities still worsened but more slowly than those given dummy shots, Mummery said. In one test of the lowest dose, that translated to a 26% reduction in cognitive decline — “approximately the same” change seen in earlier tests of amyloid drugs, she said.

    Side effects included injection site pain and a temporary state of confusion that could appear a few days after the shot and last about a week, she said. But there were no signs of brain inflammation, which can affect recipients of anti-amyloid drugs.

    Alzheimer’s researchers also target tau in a broad new study

    The University of California, San Francisco, last week opened a first-of-its-kind study known as the Alzheimer’s Tau Platform. Funded by the National Institutes of Health, it will test a variety of experimental anti-tau therapies against and in combination with today’s amyloid treatments. First up is a vaccine called AADvac1 designed to train the immune system to recognize and fight a specific worrisome portion of the tau protein, said UCSF’s Dr. Adam Boxer.

    The “platform” approach will expand to locations around the country, allow addition of other tau drugs to test and include people with Alzheimer’s-related protein buildup who aren’t yet showing symptoms, he said.

    Other studies hint at new ways of attacking Alzheimer’s

    Researchers told the Alzheimer’s meeting that an experimental cholesterol-lowering drug called obicetrapib might do more than help heart health. They’re exploring if it also might lower buildup of Alzheimer’s-related proteins in people who carry a genetic risk for the disease.

    Why? That gene, called APOE4, also affects how the body processes cholesterol. Obicetrapib maker NewAmsterdam Pharma plans to begin a study soon to test if the drug’s cholesterol effects also can mitigate the Alzheimer’s risk in people carrying one or two copies of that gene.

    Companies also are trying to get Alzheimer’s drugs into the brain faster and at higher volumes, by penetrating the protective lining meant to protect the brain from harm. Denali Therapeutics’ CEO Ryan Watts describes it as “hitching a ride” with iron that naturally gets into the brain. His company is pursuing drugs that target tau and amyloid using that “transport vehicle” technology.

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    The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.


  • Earthquake aid keeps flowing from Florida to Venezuela, as volunteers unite to help recovery


    After her grandmother’s house in Caracas narrowly survived last month’s devastating back-to-back earthquakes, Alessandra Izaguirre was desperate to help Venezuela.

    “Seeing my grandma and all these people affected made me feel like I had to do something, even if it was from the U.S.,” said the 18-year-old, who has spent the last couple weeks preparing food for volunteers at the Doral, Florida headquarters of the nonprofit Global Empowerment Mission.

    Izaguirre is one of thousands of people who have participated in an exceptionally large grassroots humanitarian effort based at GEM, supported by donations from across the U.S. and beyond and still going strong nearly three weeks after the catastrophe.

    Hundreds of volunteers still show up each day at GEM’s warehouses in Doral, where about half the population is of Venezuelan descent. They sort donated supplies –– curated to address the latest needs –– and prepare them for transport to Caracas on daily flights.

    GEM’s system, facilitated by the U.S. State Department, has given members of the Venezuelan diaspora and others an outlet to support the ongoing crisis, and a trusted mechanism to send aid amid widespread concern about theft and corruption on the part of Venezuelan officials.

    “Whatever we can get to the Venezuelan public is what counts,” said Izaguirre.

    The effort also underscores the stunning dynamic shift between the U.S. and Venezuela since President Donald Trump ordered then-Venezuelan president Nicolás Maduro’s capture in an early morning raid on Jan 3. With military personnel again on the ground, the U.S. has assumed a response role that would have been unimaginable before January, when Trump said the U.S. would “run” the country and seized control of its oil exports.

    “This is a whole different animal,” said GEM founder and president Michael Capponi, who was denied entry to Venezuela while trying to deliver aid during the reign of Maduro, who long rejected humanitarian help, equating it to foreign intervention. “We land a private plane, it gets unloaded by U.S. soldiers, it goes in a truck we pay for and to a warehouse that we completely control. It doesn’t touch the hands of the Venezuelan government.”

    GEM quickly activated a supply chain

    The 7.2- and 7.5-magnitude earthquakes struck 39 seconds apart on June 24, killing at least 4,500 people with thousands more still missing. They destroyed 190 buildings and damaged over 850, Venezuelan officials said, leaving 17,000 displaced and ravaging critical infrastructure providing electricity, clean water and sanitation.

    GEM’s headquarters became a donation collection point almost immediately. Some donors were initially skeptical that aid could reach those who needed it without being stolen or misused by a notoriously corrupt government, Capponi said. After GEM made its first successful aid distribution, the movement grew bigger than he’d seen in decades of global response.

    Companies like Goya, Walmart and Amazon contribute supplies while professional sports teams have donated funds. But much of the aid is still amassed from thousands of individuals’ contributions.

    “They’re going to Walmart with their credit card, buying 15 cans of food and bringing it in a shopping bag,” said Capponi. “It doesn’t sound like a lot, but when it’s 2,000 people… it’s an enormous amount of aid.”

    Lines to drop off aid at GEM have at times been so long police had to help manage traffic. Supplies arrive from across North America: Two brothers drove a U-Haul of goods from Canada. Another group arrived from Mexico. Trucks have rolled in from Nevada, Texas and California.

    As many as 1,000 volunteers across three warehouses sort and pack. They fill pallets with essentials like diapers, and assemble individual care packages with enough sustenance and hygiene items to last two people about five days. They also tuck in notes of encouragement: “Te queremos Venezuela,” one reads. “We love you, Venezuela.”

    GEM aims to deliver at least 100,000 care packages monthly for the next three-to-six months, while also addressing upcoming needs, like longer term housing.

    Volunteers have taken vacations from work to put in hours at the warehouses, said Billy Richardson, director of U.S. logistics. Others arrive after work. “We almost have to kick them out at the end of the day,” Richardson said.

    Mariela Vila showed up because she remembers how affected she was when Hurricane Maria pummeled her homeland of Puerto Rico in 2017. “The Latino community in general gathered together to help Puerto Rico, and that made me feel really well,” said Vila, 25, who has worked full-day shifts at GEM since the effort began. “So I felt the need to help Venezuela.”

    U.S. assumes a complicated role

    Nearly one million pounds (454,000 kilograms) of supplies have been deployed so far from GEM headquarters to its recently leased Caracas warehouses. GEM collaborates with local nonprofits and trusted community members to organize distributions in the hardest hit areas, often twice daily.

    But it is the U.S. State Department that facilitates the shipments with the Venezuelan government, making it possible for GEM to operate in the country, even getting help from the U.S. military. On Saturday, U.S. Marines maneuvered an amphibious landing craft onto a Venezuelan beach and unloaded GEM packages that were then passed to 2,000 people lined up for aid.

    Partnerships with GEM and other nonprofits allow the U.S. to tap into existing logistics and donation mechanisms, a State Department spokesperson told The Associated Press, adding that the effort with GEM leverages “the Venezuelan American diaspora and private partners who want to donate.”

    Several other U.S.-based humanitarian groups told The Associated Press they also have been able to operate without interference from Venezuelan officials. Some depend on collaborations with established local nonprofits.

    Despite the U.S. response, questions remain over its influence in Venezuela, especially while it controls billions of dollars in oil revenue.

    “There are a lot of transparency questions that linger on the use of that fund in a moment in which Venezuelans really need that money to be used for the protection of Venezuelans,” said Laura Cristina Dib, Venezuela program director at the human rights organization Washington Office on Latin America.

    John M. Barrett, U.S. charge d’affairs for Venezuela, told reporters last week that revenue from Venezuelan oil production, currently controlled by the U.S. Treasury, is being made available for relief efforts.

    Asked for further details, a State Department spokesperson said the U.S. was “supporting the Venezuelan interim government’s budgetary operations, improving Venezuela’s liquidity and access to capital during the recovery,” adding that the U.S. has contributed over $386 million to earthquake response independent of the oil revenue.

    In the coastal city of Maiquetía last week, Yoniel Reyes sat inside a tent, examining the contents of a GEM package he’d just received during an aid distribution, packed and sealed 1,300 miles away in Doral. There were instant meals, bottles of water, canned food, hydration powder and hygiene kits.

    “I never imagined I would be receiving aid from the U.S.,” said Reyes. “We Venezuelans are thankful, very thankful.”

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    Associated Press videojournalist Juan Pablo Arraez contributed to this report from Maiquetía, Venezuela.

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    Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.


  • Banks rake in big profits as both Wall Street and the US consumer stay strong


    WASHINGTON (AP) — Five of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty.

    It marks the second straight quarter of strong results from the banks, which have benefited from market volatility since the Iran war began in late February.

    Both consumer-facing and market-focused banks reported revenue and profit growth that beat even the most optimistic Wall Street expectations.

    The KBW Nasdaq Bank Index, which tracks the performance of two dozen banks rose 0.7% in afternoon trading.

    Here’s a look at how and why banks have continued to thrive despite a clouded economic future.

    JPMorgan hits records

    JPMorgan Chase logged $16.9 billion in second-quarter profit as its equities trading division again took advantage of market volatility triggered by the war in Iran.

    The nation’s largest bank by asset size, JPMorgan said that revenue in every line of its business hit record levels in the quarter, including its markets division, where revenue grew 35% over the same period last year. Revenue in its equity markets division skyrocketed 86%.

    JPMorgan earned $6.14 per share in the period, beating analyst estimates of $5.59 per share. Managed revenue came in at $58 billion, also topping the estimates of analysts surveyed by FactSet.

    JPMorgan shares rose 1.8% by midday.

    The consumer keeps spending

    Bank executives highlighted a surprisingly strong U.S. consumer even as inflation remains elevated, in part due to the higher oil prices brought about by the war in Iran.

    Bank of America said that consumer spending expanded, outperforming expectations. Consumer investment assets grew 18% year-over-year and average deposits and spending all increased from the first quarter, the bank said.

    JPMorgan reported revenue of $20.3 billion from its consumer banking division in the period, a year-over-year increase of 8%.

    Wells Fargo also reported improved consumer activity, reflecting a broadly healthy U.S. economy.

    “Consumer spending is higher, charge-offs and delinquencies are lower, and savings and investments are growing across consumer segments,” Wells CEO Charlie Scharf said.

    The unresolved conflict in the Middle East, however, remains a potential economic hurdle for consumers and businesses alike.

    Oil prices fell back near prewar levels earlier this month, but they’re back up more than 10% this week after the U.S. renewed attacks on Iran and President Donald Trump announced a new blockade in the Strait of Hormuz, a key shipping route for about one-fifth of the world’s oil. At $3.86 per gallon, gas prices remain well above prewar levels but below their peak of around $4.50 in May.

    Dimon said on a conference call that JPMorgan remains “appropriately cautious” in light of the current global economic risks.

    “We cannot predict how these forces will ultimately play out,” Dimon said. “They may remain manageable, but they could also cause meaningful disruptions when they shift or collide.”

    IPOs and mergers expected to stay hot through 2026

    Dimon said that revenue from the New York bank’s investment banking division rose 30%, accelerating to the highest level since 2021 as the thirst for initial public offerings and mergers and acquisitions remained strong.

    All the major banks played a role in SpaceX’s record-setting IPO in June, with Goldman Sachs and Morgan Stanley acting as lead underwriters. The offering brought in $75 billion, more than all U.S. IPOs combined in 2024 and 2025, according to Renaissance Capital.

    Renaissance expects the IPO market to extend its hot streak into the second half of this year, also driven by larger deals such as Korean memory chip giant SK Hynix’s “mega-listing” on Friday that raised $26.5 billion.

    Global mergers and acquisition activity also accelerated in the second quarter of 2026, with announcements up 64% year-over-year and closings up 33%, according to Morgan Stanley.

    Goldman Sachs said revenue from advising on mergers and acquisitions in the second quarter rose 17%.

    Iran war the main source of market volatility

    Markets have been swinging up and down since the U.S. and Israel attacked Iran in late February, with military strikes from both sides interspersed with pauses in fighting and vague temporary truces.

    Investors’ concerns that the war will last a long time has triggered high volumes of selling in financial markets, while hopes for a resolution and a freer flow of crude oil has inspired optimism and buying.

    Though volatile markets can cause anxiety for individual investors, high-speed Wall Street trading desks can take advantage of the wild gyrations. Big swings in markets tend to increase activity on trading desks, leading to higher commissions and fee revenue for the banks.

    Goldman Sachs said it brought in $15.52 billion in revenue from its banking and markets division in the period, 53% higher than last year’s second quarter and a 22% increase over 2026’s first quarter.

    Citigroup’s market revenue also topped its first quarter figure and was up 45% over the same period last year.

    Overall strong second-quarter results

    Wells Fargo reported a 22% jump in net income for the quarter to $6,4 billion. Revenue of $22.6 billion topped Wall Street estimates.

    Scharf said the San Francisco bank benefited from a strong economy and its newly unleashed ability to invest after years of government oversight. Shares of Wells Fargo fell 2.6% at midday.

    Goldman Sachs earned $6.6 billion in the quarter, or $20.98 per share, on $20.3 billion in revenue. Its shares rose more than 7%.

    Bank of America’s profit rose to $9.1 billion, up 27% from a year ago. Bank of America’s shares climbed 1.7%.

    Citigroup also beat Wall Street’s projections for revenue and profit but its shares fell 4.5%.


  • Delta Fuel Building Smolders After Main Street Collapse; Baton Rouge Landfill Search for Teen Continues


    Fire officials report that the remains of the Delta Fuel building on Main Street are expected to continue smoldering following a fire Sunday morning. Flames led to the collapse of the building’s second floor and roof. A portion of Main Street remains closed, and some customers briefly lost power after an underground transformer flooded during firefighting efforts. No injuries were reported. The cause of the fire has not yet been determined.

    Authorities in Louisiana are conducting a search for the remains of a teenager believed to have ended up in a landfill. Baton Rouge Police have identified a one-acre area where the remains may be located, and a team of 10 to 15 people is examining debris. The FBI is assisting, and anthropologists from LSU’s FACES Lab are on site to help identify any potential human remains. Authorities have charged 51-year-old Marcus Parms in the beating death of Minnie Weather.

    The Mississippi Department of Education will release state Education Enhancement Funds to public school districts beginning tomorrow. Teachers will receive $748 for the 2026–2027 school year to purchase instructional supplies. For the first time, funds will be distributed through ClassWallet, a digital wallet platform. Teachers may use their EEF accounts throughout the school year until April 30.

    A new Louisiana study reports that the benefits of bariatric surgery extend beyond significant weight loss, though no additional details were provided in the broadcast.

    The Mississippi River at Natchez Valley is at 37.18 feet and falling.

  • SoftBank Group’s CEO says $5 trillion a year needed globally to meet AI demand


    TOKYO (AP) — Worries about a bubble in artificial intelligence investments are absurd, SoftBank Group’s CEO Masayoshi Son said Tuesday, deriding such doubts as backward and akin to questioning the use of cars and planes.

    “To ask whether AI is a bubble is a foolish question,” Son told executives at an annual company event in Tokyo. “AI will transform our lives completely, and do so in a way that generates profits.”

    “Those who refuse to evolve are closing down their world. Those who condemn AI are themselves spitting upward,” Son added.

    Financial markets have recently been swept by waves of concern that the meteoric rise in share prices of companies like Nvidia, and massive investments in data centers, might not yield returns that match hopes for huge profits from AI.

    Son founded SoftBank more than four decades ago and is a pioneer in Japan’s technology investments. He was an early supporter of AI and has invested tens of billions of dollars in related companies.

    Son said he estimates that almost $5 trillion in investments will be needed annually and globally to expand data centers, increase production of computer chips and provide energy systems and other infrastructure for AI.

    “In 2040, approximately 20% of the world’s GDP will be replaced by AI-related industries, the world of superintelligence,” he said.

    SoftBank oversees a sprawling collection of businesses through what it calls Vision Funds. Its other businesses include telecommunications and energy.

    Tokyo-based SoftBank Group Corp. earlier reported its profits for the fiscal year through March soared nearly five-fold to 5 trillion yen ($32 billion) from a year earlier as its AI investments paid off.

    The tech giant has invested $34.6 billion in OpenAI. It sold its stake in computer chip maker Nvidia last year to free up funds for more investments in AI and data centers.

    SoftBank recently started a battery business in Japan to build next-generation electric power infrastructure in anticipation of growing electricity demand driven by AI use.

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    AP Business Writer Elaine Kurtenbach in Bangkok contributed.


  • What injured athletes can teach us about recovery and resilience


    FLAGSTAFF, Ariz. (AP) — Serious injuries and medical conditions disrupt people’s daily routines and can impact their confidence and sense of identity. Elite athletes know the challenges from an injury that sidelines them from their sport, requires physical rehabilitation and leaves their ability to return to competition in doubt.

    The process that top athletes go through to heal physically, mentally and emotionally highlights what a recovery might demand of athletes at all levels, as well as people experiencing chronic pain, recuperating from surgery or facing other setbacks. Because progress is rarely linear, patience and the ability to reset expectations can be as valuable as perseverance, consistency and motivation, according to experts.

    “Sport has always mimicked life,” said Ross Flowers, a sports and performance psychologist in Los Angeles. “You’re going to face challenges, bumps and bruises. You got to figure out how to work through them and overcome them.”

    Here’s what some sports psychologists and former athletes say about confronting the unknown and coming through injuries:

    Learn to recognize your body’s physical limits

    Fans are accustomed to watching athletes compete at the Olympics, the World Cup and other sporting events with broken bones, torn ligaments and dislocated joints. Comeback stories like Alpine skier Lindsey Vonn ‘s, after multiple injuries and another serious injury this year at the Winter Olympics, are an enduring element of sports.

    While discomfort is expected during intense training, and pushing through pain becomes more critical during competition, even seasoned competitors need to know when to listen to their bodies, experts say.

    “There’s a relationship with pain and understanding how to work with it, if it’s possible to work through it, but also knowing how to back off of it so the pain does not persist,” Flowers said, adding that training to the point of physical fatigue or in conditions that build endurance is the sweet spot for improvement.

    Liv Paxton, 28, learned this lesson firsthand after dealing with shin splints, quadricep strains and a partially torn Achilles tendon. As a runner at Winthrop University and the College of William & Mary, she pushed herself until her body forced her to stop. Since recovering from Achilles surgery, she said she has a better understanding of when to slow down.

    “I’m so much better about keeping in tune with my body,” Paxton said, explaining that she prioritizes eating and sleeping well. “That’s not something that I focused on in college. I just thought I was bulletproof.”

    Injuries can happen suddenly or develop from a nagging but manageable nuisance into a debilitating condition over time. Whether it’s a soccer player sidelined after a collision or a worker who can’t stand after months of chronic back pain, the outcome is similar: a forced pause and learning to heal once pushing through pain no longer works.

    “So how do we know our limits? It is definitely an experimental process,” said Lisa Miller, a health and sport sciences professor who teaches at the online American Public University System from her home in Columbus, Ohio. “We have plenty of athletes who still don’t know. But we have also had more examples of athletes saying this is too much, I’m burned out and I’m going to take a break, bringing much more attention to the psychological side of sport.”

    Honestly assessing whether an injury is affecting daily life and long-term well-being is part of recognizing one’s physical limits. Miller said she has seen athletes of all levels return to competition thinking they are ready to excel, but not all can or do.

    Tennis great Serena Williams made the difficult decision to withdraw from a doubles match this month because of a knee injury.

    Take time to grieve losses and adapt to new challenges

    Even after bones heal and surgeries succeed, experts say recovery can mean coming to terms with what injuries have changed and giving yourself permission to grieve those losses.

    Former Baltimore Ravens cornerback Kyle Arrington, who is now a community activist in Maryland, spent nearly two decades with every hour of his day organized around football. After a severe concussion ended his career, that structure disappeared almost overnight.

    “I knew what everything looked like year in and year out for the past almost 20 years,” said Arrington, who was a Super Bowl champion during his tenure with the New England Patriots. “To have that stripped away in a blink of an eye was a real upheaval.”

    Grief and depression are common after season- or career-ending injuries and other life-altering experiences. People making a physical recovery may also mourn lost friendships, missed opportunities, unmet goals and a sense of purpose. The emotional pain can be especially acute when someone’s self-identity rested on excelling in a sport or a professional role.

    Arrington, 39, said his post-concussion retirement took him to a dark place. He credits family and friends with helping him through the transition; with their encouragement, he committed to healing mentally, emotionally and spiritually. Arrington said he now puts his energy toward the E.V.O.L.V.E. Foundation, which he founded to mentor young people.

    Experts say a support system can help people stay grounded when they have to make major medical and career decisions.

    “Having a team around you is incredibly important to get good advice, be objective, but also positively push you, not just for your sport and your performance, but for life,” Flowers said.

    Look beyond returning to who you were

    Sports psychologists say recovery often turns a corner when people stop trying to reclaim the past and begin building a new future.

    American freestyle skier Jamie MoCrazy, who at the 2013 Winter X-Games became the first woman to land a double backflip during a slopestyle ski run, confronted that reality after a traumatic brain injury left her in a coma at age 22. For her, recovery meant letting go of elite competition and accepting a new future.

    “I realized that I didn’t want to compete if I wasn’t at the level that I had previously been competing,” said MoCrazy, 33, who is now a motivational speaker and lives in Salt Lake City.

    She still chased the exhilaration she got from sports. Few things compare to the applause, trophies and recognition, but public speaking gives her a taste of that adrenaline.

    “I take some deep breaths and then walk out on stage,” she said. “That’s the closest of a mimic for me.”

    Former professional boxer Patricia Alcivar, 46, also had to rethink her next steps after suffering injuries that included a hyperextended elbow, broken toes and multiple stitches above her eye. She now runs marathons and climbs mountains to stay active. She said despite the physical challenges boxing put her through, she wouldn’t change the experience.

    “I will never regret boxing because it taught me that I am a fighter inside and outside the ring,” Alcivar said, adding that climbing Utah’s Mount Superior was the first time she felt equally challenged. She recalls smiling during an arduous hike up Mount Kilimanjaro in Tanzania because “nobody’s punching me in the face. Nobody’s trying to kill me.”

    When returning to the life you had before isn’t possible, experts recommend exploring goals and sources of meaning that could become the foundation for a new sense of identity.

    “There is hope that something else can replace this,” Miller said. “And when we can find that daily rejuvenation of hope, we can also find new sources of happiness as well.”


  • British lawmakers approve Hillsborough Law to stop official cover-ups after tragedies


    LONDON (AP) — A law intended to prevent police and other officials from covering up errors and wrongdoing was unanimously approved by British lawmakers on Tuesday, 37 years after the country’s deadliest sports tragedy sparked a campaign for justice.

    The Public Office (Accountability) Bill — or Hillsborough Law — imposes a legal duty of candor on public officials to tell the truth about public tragedies whatever the impact on their reputation.

    It is named after the 1989 disaster in which 97 Liverpool soccer fans were killed in a crush at Hillsborough Stadium in Sheffield. An independent inquiry in 2012 found the police had covered up their own mistakes and blamed the deaths on unruly supporters.

    The bill completed its passage through the House of Commons after a delay caused by wrangling over whether it would apply to Britain’s spies. After pressure from bereaved families, the government has agreed that the intelligence services will also be covered by the duty of candor, but with a “secure process” for disclosing information if it could affect national security.

    The bill will become law after being approved by the House of Lords, Parliament’s upper chamber, in the coming weeks.

    Prime Minister Keir Starmer, who promised to bring in the law during his 2024 election campaign, opened the debate on the bill in the Commons in one of his final acts as leader.

    He said victims’ families “have waited years and years too long” for justice.

    Starmer’s successor Andy Burnham, who is due to take over as prime minister on Monday, has long campaigned on behalf of the bereaved families.

    In his first speech in the Commons since being elected as an MP last month, Burnham said the Hillsborough Law was “a rewiring of the state and a passing of power from the authorities to the hands of ordinary people.”

    Paying tribute to Starmer, he said it was happening “because of the prime minister’s commitment to a country based on justice and fairness, and we thank him for that.”

    The 54,000-capacity Hillsborough Stadium was nearly full for a FA Cup semifinal match between Liverpool and Nottingham Forest on April 15, 1989, when more than 2,000 Liverpool fans poured into a standing-only section behind a goal. Many victims were crushed against metal fences or trampled underfoot, and suffocated.

    With hooliganism rife in English soccer in the 1980s, a narrative blaming drunken, ticketless and rowdy Liverpool fans was created by the police, and was only overturned by years of campaigning by bereaved families.

    An original inquest in 1991 found the deaths were accidental, a conclusion the victims’ families refused to accept. Those findings were overturned in 2012 after a far-reaching inquiry into the disaster that examined previously secret documents and exposed wrongdoing and mistakes by police.

    In 2016, a jury at a second inquest found the victims had been “unlawfully killed” as a result of failings by the police, the ambulance service and Sheffield Wednesday Football Club, which ran the stadium. It found the behavior of fans did not contribute to the deaths.

    In 2023 the government apologized for the way the families were treated over the decades and for the delay in its response to the report.

    An investigation by the police watchdog concluded last year that 12 officers would have faced gross misconduct proceedings, were they not dead or long retired.

    Labour lawmaker Ian Byrne, who was at Hillsborough and survived the tragedy, said he hoped the law would mean “that no grieving family will ever have to come to fight the state simply to uncover the truth.”

    “This law is far more than Hillsborough,” he said in an emotional speech. “It is about the kind of country we choose to be, a country where power tells the truth, where public servants serve the public, where justice is not delayed until campaigners grow old, and where no family is ever left to walk alone.”


  • You just retired (or are about to). Now what?


    If there’s one group likely to be experiencing the most consternation over inflation and economic uncertainty, it’s those who have just retired or are about to. To make it through this period with their sanity intact, they should focus on what they can control.

    Assess spending rate

    People who have just retired or are about to are particularly vulnerable to sequence-of-returns risk, which means that a bad market shows up early in your retirement. Not only does that early retirement sell-off feel bad, it actually is bad because it imperils your portfolio’s ability to last throughout your retirement years. In  Morningstar’s 2025 retirement spending research, we found that the people most likely to run out of money in retirement were  the ones whose portfolios lost value in the first five years of their retirements.

    Retirees who are pulling cash flows from their portfolios can address that risk by adjusting their spending down to ensure that more of their portfolios are in place to recover when the market eventually does. And those adjustments don’t need to be radical to make an impact. In  our retirement income research, we found that even small tweaks like forgoing an inflation adjustment following a bear market help ensure that spending lasts over a whole 30-year period and can lead to more lifetime income than a strategy that ignores market movements.

    If you haven’t yet retired, assess your planned in-retirement spending and identify where you would be willing to make cutbacks. Turbocharge savings if you can afford to do so. Catch-up contributions are available to all retirement savers over age 50. And if you’re between 60 and 63, you can make a “super-catch-up” contribution to your company retirement plan, for a total of $35,750 in 2026. High-income heavy savers may also be able to take advantage of after-tax 401(k) contributions, which enable them to stash even greater amounts in their company retirement plans.

    Pull cash flows from safer assets

    In a turbulent market environment in which equities have declined, it’s best to pull any portfolio cash flows from safer assets and leave your stock positions undisturbed. That’s the general logic behind  the Bucket approach to portfolio construction. In good years for the stock market, like 2023-25, you’d be harvesting appreciated equity assets to supply your income needs. In bad ones, like 2022, you’re not touching stocks but instead sourcing cash flows from high-quality bonds, cash, or a combination of the two.

    If your portfolio is riskier than it should be, it’s not too late to shift into a more situation-appropriate asset allocation.

    Play the long game with Social Security

    Social Security is a secure, inflation-protected source of income, much like a paycheck. But the lifetime benefits of delaying Social Security are hard to ignore: a higher income stream that also happens to be fully inflation-protected and will last as long as you do. Delayed filing can be particularly impactful if you’re the higher earner in your family and you have a younger spouse who will receive that higher benefit for their lifetime.

    In  our retirement income research, we found that delaying filing up until age 70 did enlarge lifetime income, but the benefits are greatest if you have some other source of funds to draw from until your benefits start. And the benefits are also obviously more valuable for people with above-average life expectancies, in that they stand to receive those higher streams of inflation-protected income for a longer period of time.

    Revisit inflation protection

    Inflation is a key risk for retiree portfolios because the income from your safe investments is going to buy you less and less as you age. Moreover, retirees tend to spend more on healthcare, where prices have historically increased faster than the general inflation rate.

    Many retirees focus on nominal bonds and underrate the value of inflation-protected bonds as a component of their retirement plans. You can address that by adding an inflation-protected bond fund to your portfolio; most of the better target-date series allocate roughly one-fourth of their bond portfolios to inflation-protected bonds. Alternatively, you could build a laddered portfolio of Treasury Inflation-Protected Securities that will mature and supply you with living expenses throughout your retirement.

    Investigate tax-saving strategies

    The early retirement years are typically an excellent time to consider strategies like converting traditional IRA balances to Roth or accelerating withdrawals on traditional IRAs and 401(k)s. Without income from work and because you won’t be subject to required minimum distributions until you’re 73, your income, and in turn the taxes you’ll owe on those conversions and withdrawals, will be lower.

    _____

    This article was provided to The Associated Press by Morningstar. For more retirement content, go to https://www.morningstar.com/retirement.

    Christine Benz is director of personal finance and retirement planning for Morningstar and co-host of The Long View podcast. Subscribe to her free newsletter, Improving Your Finances.

    Related Links:

    Your Retirement Countdown, With Christine Benz

    https://www.morningstar.com/retirement/your-retirement-countdown-with-christine-benz

    5 Things You Need to Know About RMDs This Year

    https://www.morningstar.com/retirement/5-things-you-need-know-about-rmds-this-year

    Retirees Don’t Need to Fear a Lost Decade. They Need a Plan

    https://www.morningstar.com/retirement/retirees-dont-need-fear-lost-decade-they-need-plan


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