Liver Tumor Therapy Company HistoSonics Valued at $2.25 Billion in Sale
An investor group acquired two-thirds of Plymouth, Minn.-based HistoSonics, which uses focused ultrasound to mechanically destroy and liquefy tumors.
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CBS News
a minute ago
- CBS News
Former Detroit Riverfront Conservancy CFO denied request for more time before reporting to jail
The former CFO of the Detroit Riverfront Conservancy, who was sentenced for embezzling $40 million, was denied a request to extend his time out of jail before surrendering. U.S. District Court Judge Susan DeClercq denied William Smith's request on Monday, requiring him to report to jail on Tuesday. Court documents showed that Smith cited medical treatment as the reason behind the request. However, DeClercq wrote that the court had already extended Smith's report date by 60 days to receive treatment. Smith was sentenced in April 2025 to 19 years in prison, followed by three years' supervised release. He pleaded guilty in November 2024 to one count of wire fraud and one count of money laundering. As part of his plea agreement, he agreed to pay at least $44.3 million in restitution. Smith served as the Conservancy's CFO from 2011 until he was fired in May amid an FBI investigation. Federal prosecutors previously said Smith used the money "to live a deeply immoderate lifestyle," including purchasing real estate, clothes, jewelry, and a 35-foot boat and leasing a $200,000 Mercedes-Benz. Court records showed that Smith wire-transferred some of the money into multiple accounts he owned. The money funded multiple trips, including a yacht for a Mediterranean cruise and a private jet to travel to Las Vegas, according to prosecutors. Smith also leased a Maserati for a woman he was romantically involved with and sent her $3.7 million. Additionally, he attended a Detroit Lions game at the Los Angeles Rams' SoFi Stadium, renting a private suite for $29,000, according to court documents. Matthew Cullen, chairman of the Conservancy, said, "From the moment the Board discovered his complex embezzlement scheme, the Detroit Riverfront Conservancy team promised to assist in Smith's prosecution; to reorganize and reform its internal operations; and to push forward with its plans to create the world's most dynamic and inclusive Riverwalk – 5.5 miles of perpetual public access along the Detroit River." In a statement, Matthew Schneider, attorney for the Conservancy, said, "William Smith is where he belongs – in prison. He stole from a civic treasure belonging to all Michiganders, the revitalized Detroit riverfront, and now he will be held accountable." Note: The video above previously aired on April 24, 2025.
Forbes
a minute ago
- Forbes
5 ChatGPT Prompts To Help You Come Up With Startup Business Ideas
By Richard D. Harroch and Dominique A. Harroch The spark of a great startup often begins with a simple idea—but coming up with a truly viable and innovative business idea can be daunting. Fortunately, tools like ChatGPT are now changing how aspiring entrepreneurs can explore new business opportunities, validate concepts, and generate startup ideas across a range of industries. Instead of staring at a blank notebook, you can now use AI to help you think creatively, test market viability, and refine your thinking across sectors like healthcare, tech, education, logistics, hospitality, apps, software, and more. The key is learning how to prompt ChatGPT in a way that gives you not only creative ideas, but ideas grounded in trends, consumer demand, and operational feasibility. Here are five strategic ChatGPT prompts—and several variations—that can help you use generative AI to come up with high-potential startup ideas. We used ChatGPT as a starting point to help with these ideas. These are tailored for entrepreneurs who are looking to build full-time ventures, not just side hustles, and they span a variety of industries to fuel your imagination. Naturally, we used AI for research assistance and insights for this article. How to Use ChatGPT to Brainstorm Startup Ideas One of the best ways to discover a viable business idea is to identify problems in industries that are ripe for disruption. ChatGPT can help you uncover these gaps by analyzing pain points across sectors and suggesting solutions you could build a startup around. Example Prompt: 'What are five major inefficiencies in the U.S. healthcare system that could be solved with a tech startup?' Additional Sample Prompts: By asking the right questions, you can discover ideas grounded in real problems, often the best foundation for scalable, sustainable businesses. Emerging technologies—from AI and blockchain to synthetic biology and quantum computing—are opening the door to entirely new industries. ChatGPT can help you think through how these technologies could be harnessed for new ventures. Example Prompt: 'Give me 10 startup ideas using generative AI that could improve marketing for small businesses.' Additional Sample Prompts: These prompts help focus your ideation on what's next, not just what exists now—ideal for entrepreneurs looking to build category-defining companies. More from AllBusiness: If you're building a startup, it should align with your personal passions and skill set. ChatGPT can help you brainstorm ideas based on your own background—whether you're a software engineer, a graphic designer, a nurse, or a former teacher. Example Prompt: 'I'm a former high school math teacher with some coding experience. What startup ideas could I realistically build and scale?' Additional Sample Prompts: Tailoring your ideation process to your own strengths increases the likelihood of execution—and can help you get to market faster with real credibility. Great startups often tap into changing consumer behavior or societal shifts. With the right prompt, ChatGPT can surface trends and behavioral data points that suggest opportunities for new products or services. Example Prompt: 'What consumer trends in wellness and mental health are underserved by current startups?' Additional Sample Prompts: Pairing trend awareness with startup thinking is a powerful way to stay ahead of the curve and enter markets before they're saturated. Not all great ideas are brand new—some are borrowed from one industry and applied to another. ChatGPT can help you explore how successful models (like Uber, Airbnb, Coursera, or Canva) could be adapted elsewhere. Example Prompt: 'What are 5 'Uber for X' startup ideas that haven't been done excessively and could still work?' Additional Sample Prompts: Sometimes, simply shifting a proven model to a new sector can unlock major value—and ChatGPT can help you do that quickly and creatively. Conclusion on How ChatGPT Can Help with Great Startup Business Ideas Startup ideation doesn't have to be a solitary, slow, or aimless process. With the help of ChatGPT and carefully crafted prompts, you can accelerate your thinking, broaden your scope, and discover startup opportunities in places you might never have considered. Whether you're drawn to solving big societal problems or building the next breakout consumer brand, the AI-powered brainstorming process can be a valuable co-pilot. Of course, idea generation is only the first step. Every startup idea should be tested, validated, and developed thoughtfully. But when used effectively, ChatGPT can be a game-changer for serious entrepreneurs ready to build full-time ventures with lasting impact. Copyright (c) by Richard D. Harroch. All rights reserved.
Bloomberg
a minute ago
- Bloomberg
B. Riley Estimates Improved Net Income for Second Quarter
B. Riley Financial Inc. estimated it swung to a profit in the second quarter, as the firm continues its efforts to curb the financial strain caused by soured investments. The Los Angeles-based firm posted net income in the range of $120 million and $140 million for three months ended June 30, according to a filing on Tuesday releasing estimated financial results. The firm reported a $436 million net loss in the second quarter of last year.
