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Forbes Daily: Pet Adoptions Are Slowing As Consumers Cut Back On Costs

4 0
05.06.2026

As World Cup host cities prepare for millions of attendees, two companies are working to protect the crowds from a quickly evolving threat: drones.

Utah-based startup Fortem will be using radar to scan the sky for suspicious activity at venues like MetLife Stadium in New Jersey and AT&T Stadium in Dallas, while defense tech firm Ondas will deploy a sensor-based system that can take over and land rogue aircraft. Both companies have contracts with the federal government, which is spending $365 million on drone-focused security for the 104 matches scheduled across North America.

If successful, it could be a model for other events like America’s 250th anniversary celebrations and the 2028 Los Angeles Olympics.

This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here.

Senate Republicans passed $70 billion legislation to fund agencies overseeing President Donald Trump’s immigration crackdown for the next three years.

As shares of Japanese investment giant SoftBank faltered, CEO Masayoshi Son lost the title of Asia’s richest person to Indian businessman Mukesh Ambani.

In the wake of bipartisan pushback, President Donald Trump said acting national intelligence director Bill Pulte will not permanently remain in the role.

Inflation Hits Man’s Best Friend

The inflation squeeze isn’t just affecting consumers—our furry friends are feeling the impacts, too.

As households trim their spending, pet adoption has slowed over the past year, particularly for dogs, recent Bank of America Institute research found. The share of households with a pet dropped across all income levels, but particularly for lower-income households.

A major reason is affordability: The cost of veterinary services is up nearly 6% year-over-year as of April. As private equity has snapped up vet practices, prices have climbed, according to the report. About 25% to 30% of practices are now........

© Forbes