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The Prototype: One Step Closer To Fusion Power

The Prototype: One Step Closer To Fusion Power

Forbes04-07-2025
In this week's edition of The Prototype, we look at new advances in fusion power, how the new budget bill undermines clean energy, a new trick to treat autoimmune diseases and more. You can sign up to get The Prototype in your inbox here .
View of the research reactor Wendelstein 7-X dpa/picture alliance via Getty Images
T wo different fusion experiments in Europe have recently set records–and may be bringing the world closer to real fusion power. One is the Wendelstein 7-X, which is at the Max Planck Institute in Germany. The other is the Joint European Torus (JET), which was retired at the end of 2023 but whose final experimental data haven't been published yet.
The two projects used different approaches to contain superheated plasma–isotopes of hydrogen that are hotter than the Sun's surface–for a relatively long period of time. The Wendelstein 7-X contained it for about 43 seconds, many times more than it had been able to do before. And the JET achieved containment for nearly a full minute.
These are crucial steps to achieve a sustained and continuous fusion reaction, which is necessary to use it as a power source. The challenge is being able to control something at such high temperatures without destroying the reactor unit. Wendelstein 7-X uses a design concept called a stellarator, which holds the plasma using magnetic fields generated by superconductors. The researchers at the fusion power project now have a new goal of containing the plasma for half an hour.
P.S. There will be no edition of the Prototype next week. I'll see you all on July 18! Red States–And AI–Are Big Losers From Trump's Clean Energy Massacre
Charlie Riedel/AP File
P resident Trump's One Big Beautiful Bill Act passed the House and Senate this week. And one major consequence is that it will cut the legs out from under the renewable energy industry.
The biggest hit: The bill would quickly phase out federal tax credits that have for years enabled wind and solar developers to offset 30% or more of project costs. Yes, it could have been even worse. At the last minute, the Senate's Republican leadership ditched a proposed excise tax on wind and solar projects using Chinese components which could have added 20% to the cost of many projects. But it left in a fast phase-out of the tax credits.
Uncertainty, and the looming end of federally subsidized tax equity financing, could plunge renewables investing into a deep freeze, says Sandhya Ganapathy, CEO of Houston-based EDP Renewables North America (which operates wind and solar plants). 'It severely hamstrings the U.S. ability to meet skyrocketing power demands and dilutes its economic competitiveness on the global stage,' she says.
Read more in Forbes . DISCOVERY OF THE WEEK: TURNING OFF CELLS IN AUTOIMMUNE DISEASES
An international team of researchers has engineered a protein capable of turning off the immune cells that attack the body in diseases such as multiple sclerosis or type 1 diabetes, without weakening the immune system as a whole. The antibody they designed attaches to the T-cells involved in these diseases in such a way that deactivates them, preventing them from attacking the body's own cells anymore. But because it's specific to the cells that cause disease, it doesn't attach to other T-cells in the body, which can remain active to ward off infection, cancer and other hazards. FINAL FRONTIER: AN INTERSTELLAR COMET ENTERS THE SOLAR SYSTEM
Astronomers have discovered a comet in our solar system that they believe came from interstellar space. This is only the third such object to have been discovered since 2017. The comet, which is about 12 miles in diameter, was first noted earlier this week. It won't be traveling anywhere near Earth, though it will come close to Mars. It's expected to leave the solar system in October. WHAT ELSE I WROTE THIS WEEK
In my other newsletter, InnovationRx, Amy Feldman and I looked at the millions of patients who will lose health insurance under the new budget bill, a startup that built a hospital in India to test its AI software, a next-generation obesity drug, and more.
For the Forbes Breaking News YouTube channel, I interviewed vaccine expert Paul Offit at last week's meeting of the Advisory Committee on Immunization Practices, which provides recommendations regarding vaccine administration. This is the first meeting with new members appointed by Robert F. Kennedy, Jr., several of whom have spread misinformation about vaccines in the past.
Digital startup Pi Health has built a hospital in India to demonstrate the effectiveness of its software platform, which uses AI to recruit patients to clinical trials of new drugs.
Google signed an agreement with fusion power startup Commonwealth Fusion Systems. Under the deal's terms, Google will have access to 200 MW of power from the startup's inaugural plant, which is being built in Virginia and expects to go online in the next decade.
SpaceX hit a rocket milestone this week, launching a Falcon 9 rocket for the 500th time on Wednesday. It was the 29th launch for the first stage of that rocket, which landed successfully.
Researchers made edible lasers, which might prove to be useful one day as sensors to monitor and track food or medicine intake.
A new gene therapy was able to restore hearing for toddlers and young adults who were congenitally deaf, though the research indicates the best results were seen in patients aged 5-8. PRO SCIENCE TIP: HAVING NIGHTMARES? MAYBE LAY OFF DAIRY
If you're having trouble sleeping and having bad dreams, the cheese you had before bedtime might be the culprit, according to a new study published this week in Frontiers in Psychology . To arrive at this conclusion, researchers surveyed over 1,000 college students about their sleep quality and eating habits, and found that students with lactose intolerance were more likely to have nightmares. The researchers suggest this may be because gas pains or other discomfort might impact their dreams. Next up, the scientists plan to study people from a more diverse population to determine if the findings hold. WHAT'S ENTERTAINING ME THIS WEEK
Every Fourth of July, it's my own personal tradition to watch the movie 1776 , based on the Broadway musical. It is a fantastic, warts-and-all presentation of the Second Continental Congress and its work to finally vote for independence from Great Britain. The movie features a number of great performances, particularly Howard Da Silva as Ben Franklin, Donald Madden as John Dickinson and of course the incomparable William Daniels as John Adams. MORE FROM FORBES Forbes Korean Internet Giant Kakao Teams With OpenAI To Jumpstart Growth By John Kang Forbes How This Chicago Private Equity Firm Scored The Biggest Exit Of 2025 By Hank Tucker Forbes The Top 10 Richest People In The World (July 2025) By Forbes Wealth Team
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Ultrahuman Calls Ring Air the World's Most Accurate Ovulation-Tracking Smart Ring After New Acquisition
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Ultrahuman Calls Ring Air the World's Most Accurate Ovulation-Tracking Smart Ring After New Acquisition

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Stablecoins will account for 12% of global payments by 2030, analysts say
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Stablecoins will account for 12% of global payments by 2030, analysts say

Stablecoins have muscled their way from a rounding error in global finance to a $273 billion market. But there's more to come in the next five years, according to analysts at Keyrock, a crypto investment company, and Bitso, a South American cryptocurrency exchange. They argue that stablecoins will soon account for $1 out of every $8 in cross-border payment transactions. 'Assuming today's challenges around regulation, liquidity, and interoperability are addressed, stablecoins could account for [about] 12% of global cross-border payment volumes by 2030,' the joint Keyrock and Bitso report said. That's a lofty target for stablecoins. In 2024, they accounted for less than 3% of the $195 billion global remittance market. But the analysts predict that stablecoin payment volume could reach $1 trillion by 2030. The analysts highlighted a simple formula for stablecoins reaching that goal: more clarity, more players, and better liquidity integration. And some of those ingredients are already in the mix. Regulatory clarity for stablecoins is already emerging in major markets like the US and Europe. In July, President Donald Trump signed the Genius Act into law, which legally recognises stablecoins. Jesse McWaters, head of global policy at Mastercard, called the development a 'new era for regulatory clarity and confidence in digital assets.' The Markets in Crypto-Assets regulations in Europe also offer a framework to govern the use of compliant stablecoins within the trading bloc. These regulatory developments seem to have changed the calculus in terms of attracting market interest from major finance players. Fintechs, payment companies, and even banks are getting involved in stablecoins, vying with crypto-native incumbents like Tether and Circle for market share. Both Tether and Circle are the two largest revenue-generating crypto businesses. Stablecoin companies are now pivoting to creating their blockchains as a way to capture more value from settling transactions. The likes of Tether already run multiple stablecoin blockchains, including Plasma and Stable, while payment firm Stripe is reportedly developing its own blockchain with MetaMask. This week, Circle announced its own blockchain called Arc. 'In the long run, we believe every financial institution will have to support stablecoin infrastructure in some form,' Devere Bryan, general manager at First Digital, the company behind the FDUSD stablecoin, was quoted in the report. 'Whether it's wallets, onchain settlement, or tokenise deposits, it's coming,' Devere said. Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@ Sign in to access your portfolio

What polls show ahead of Friday's Trump-Putin meeting
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What polls show ahead of Friday's Trump-Putin meeting

We're all waiting to see what comes of President Donald Trump's high-stakes meeting with Vladimir Putin on Friday. Will Trump go with the harder line on the Russian president that he debuted last month? Or will he revert to his kid gloves treatment of Putin that reigned for many years before that? And what are the actual prospects for some kind of ceasefire or even a peace deal? These are the major unknowns. But going into the meeting, a couple things are clear: Americans are more hawkish on the war in Ukraine than they've been in a long time, and Trump has his work cut out for him. Trump's recent moves toward criticizing Putin appear to have helped awaken some of the inner hawkishness that once dominated the conservative movement's foreign policy. A Chicago Council on Global Affairs poll released Friday showed the percentage of Republicans who favor sending Ukraine additional arms and military supplies rising from 30% in March to 51% today. The percentage of Republicans who favor increased sanctions on Russia has also jumped, from 63% in March to 74% today. A new Pew Research Center poll released Thursday showed just 30% of Republicans and Republican-leaning independents said the United States is doing 'too much' to support Ukraine. That number is down sharply from the 47% who said the same in February, and it's the lowest it has been since the first year of the war, in 2022. Similarly, the numbers among all Americans show an increasing appetite for standing by Ukraine. Just 18% of Americans said the US was doing 'too much,' while a majority said it was doing 'about the right amount' or 'not enough.' Both of those numbers lean more in Ukraine's favor than at any point since 2022. A Fox News poll last month echoed those findings. It showed 38% of voters said the US 'should be doing more' to help Ukraine. That's the highest that number has ever been, in polling dating back to December 2022. (Polls earlier in 2022 asked a different version of the question.) While Americans in October said by double digits that the US should be doing less, in July they said by double digits that we should be doing more. And again, there was a major shift among Republicans. While majorities said in May 2024 and October 2024 that the United States 'should be doing less' for Ukraine, that number plummeted to 32% in July. Both polls also show how this could complicate matters for Trump. His many years of treating Putin gently have created a clear sense that he's not necessarily up to the task of playing hardball with him, and now Americans seem to want a harder line. The Pew poll, for instance, showed about half of Americans who offered an opinion said Trump was too favorable toward Russia. That's down from March – perhaps reflecting Trump's tougher comments on Putin – but it's still a huge number of Americans who think he's too cozy with an American adversary. And perhaps most striking ahead of Friday's meeting is a finding from the Fox poll. It asked whether people thought Trump or Putin had the 'upper hand in the situation in Ukraine.' Voters said that was Putin, 58-35%. Even 37% of Republicans said Putin had the upper hand. In context, that might not seem too surprising. Putin, unlike Trump, controls one of the two militaries in the conflict, so obviously he has lots of control over what happens. But it's very rare to see that many Republicans concede that Trump is effectively being outmaneuvered. A major ethos of the MAGA movement is that Trump always has some secret, genius plan in the works – three-dimensional chess! – that his critics just don't understand. But lots of Republicans don't seem to see it here. Overall, the war in Ukraine is one of Trump's worst issues right now in terms of polling. Friday could be a chance to start righting the ship, or it could reinforce why Americans have been so skeptical of his confusing handling of Putin.

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