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Smithsonian Libraries and Archives Announces 2026 Programming
WASHINGTON, May 9 -- The Smithsonian Institution Libraries and Archives issued the following news release:
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Smithsonian Libraries and Archives Announces 2026 Programming
Scholarly Panel, Book Talks and Two New Exhibits Opening Throughout the Year
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Smithsonian Libraries and Archives will launch a dynamic lineup of exhibitions and public programming starting in May as part of the Smithsonian's Our Shared Future: 250 celebrations. Drawing from its extensive collection of rare books, archives and artworks, Libraries and Archives will present a new display in the Smithsonian's National Museum
... Show Full Article
WASHINGTON, May 9 -- The Smithsonian Institution Libraries and Archives issued the following news release:
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Smithsonian Libraries and Archives Announces 2026 Programming
Scholarly Panel, Book Talks and Two New Exhibits Opening Throughout the Year
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Smithsonian Libraries and Archives will launch a dynamic lineup of exhibitions and public programming starting in May as part of the Smithsonian's Our Shared Future: 250 celebrations. Drawing from its extensive collection of rare books, archives and artworks, Libraries and Archives will present a new display in the Smithsonian's National Museumof Natural History, a new exhibition in the Smithsonian's National Museum of American History and a range of interactive events. Audiences will have opportunities to connect more deeply with American history, art and science during this milestone year for the nation. All offerings are free, but some events require registration.
Spring and Summer
City of Knowledge: Science, Place, Power
Thursday, May 14, noon-1 p.m.
Benjamin Franklin Hall, Philadelphia
The City of Knowledge, a four-part, cross-institutional program series that contemplates urban centers as sites of scientific power, has examined Washington, D.C., and Philadelphia to answer two key questions: how has science shared a history with urban places, and why should the place of science matter when writing about the history of science? The final event of the series will be hosted at the American Philosophical Society in Philadelphia with scholars Susan Brandt and Domenic Vitiello. The interactive panel will encourage dialogue between panelists and the audience about Philadelphia's contributions to scientific advancements in early America during the late 18th and early 19th centuries. The event is free, but registration is required.
"Imagining Bison"
Thursday, May 21, 2026-summer 2027
National Museum of Natural History, ground floor
A display of objects drawn primarily from Smithsonian Libraries and Archives' rich collections honoring the American bison, the nation's mammal, will open at the end of May on the ground floor of the National Museum of Natural History. Curated by Kirk Johnson, the museum's Sant Director, the exhibition traces representations of bison from Indigenous drawings and early scientific illustrations to photographs and publications documenting the Smithsonian's pivotal role in early bison conservation efforts. Highlights include a hand-colored book illustration of an American bison pre-dating the Declaration of Independence, an original $10 "buffalo" bill from 1901 and a powerful 1888 bison portrait created to combat the species' near-extinction. More information about the exhibit is online.
From Seeds to Stories: A Conversation with Christopher DeMario
Friday, June 12, 4-6 p.m.
Studio Theatre, 1501 14th St. N.W.
From horticultural innovations in flower hybrids to inspiring the war and victory gardens of the 20th century, the Burpee company is a staple of American agriculture, and, even 150 years after its founding, Burpee continues to be the world's largest home garden and seed company. Christopher DeMario, author of The Burpee Seed Company: Planting U.S. History since the Nineteenth Century published by Smithsonian Scholarly Press, will discuss the history of the Burpee family enterprise and the 200 boxes of archival business records donated to the Smithsonian that detail this family legacy. After the conversation, attendees can join a garden party-style reception in the atrium.
Fall
Feathers, Forensics, and the Smithsonian: A Conversation with Chris Sweeney
Thursday, Sept. 17
Studio Theatre, 1501 14th St. N.W.
Award-winning journalist and author Chris Sweeney joins Smithsonian Libraries and Archives for a conversation about his new book The Feather Detective: Mystery, Mayhem, and the Magnificent Life of Roxie Laybourne. The world's first forensic ornithologist, Roxie Laybourne pioneered the techniques for bird identification--solving aviation incidents, tracking poachers and shaping modern science--while at the National Museum of Natural History. Sweeney will give a behind-the-scenes look at how he used Libraries and Archives' materials and archives to uncover Laybourne's remarkable life story.
"American Stories: Artists' Books from the Smithsonian Libraries and Archives"
Opening October 2026
Smithsonian Libraries Gallery, National Museum of American History, First Floor, West
Works of art inspired by books delve into personal, collective and national histories in Smithsonian Library and Archives' new exhibition, "American Stories," featuring more than 40 artists' books from its collection. The exhibition explores American identity and experience through this versatile and inventive medium, and includes a commemoration of Hawaii's native culture, a Louisiana community's rituals as a hurricane rolls in and an artist's celebration of her heritage through African and American fabrics. A variety of artists' books will be on view, including one-of-a-kind works, examples from famed American artists including Sol LeWitt and Ed Ruscha, and recent acquisitions from contemporary artists. Accompanying workshops and public programs will be announced later this year.
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About the Smithsonian Libraries and Archives
The Smithsonian Libraries and Archives is an international system of research libraries and an institutional archive. With 44,000 cubic feet of archival materials and a comprehensive collection of print and electronic materials covering art and design, history and science, the Libraries and Archives serve as a resource for the Smithsonian Institution, the global research community and the public. Locations are in Washington, D.C., Maryland, Virginia, New York City and the Republic of Panama.
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Original text here: https://www.si.edu/newsdesk/releases/smithsonian-libraries-and-archives-announces-2026-programming
Fed: Investor Composition of Money Market Funds and Its Implications for Flow Dynamics
WASHINGTON, May 9 -- The Federal Reserve issued the following Fed Notes article:
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Investor Composition of Money Market Funds and Its Implications for Flow Dynamics
Yi Li, Nick Panetta, and Weston Watts
1. Introduction
Money market funds (MMFs) play a critical role in supplying short-term funding to corporations, banks, and governments. While existing research has made substantial progress in understanding MMF portfolio choices and investor flows, little is known about the composition of MMFs' institutional investors. In this FEDS Note, we use newly available data to provide an overview
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WASHINGTON, May 9 -- The Federal Reserve issued the following Fed Notes article:
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Investor Composition of Money Market Funds and Its Implications for Flow Dynamics
Yi Li, Nick Panetta, and Weston Watts
1. Introduction
Money market funds (MMFs) play a critical role in supplying short-term funding to corporations, banks, and governments. While existing research has made substantial progress in understanding MMF portfolio choices and investor flows, little is known about the composition of MMFs' institutional investors. In this FEDS Note, we use newly available data to provide an overviewof MMFs' investor composition and examine how it relates to funds' portfolio characteristics and flow dynamics. We find that when banks are the dominant investors, MMFs tend to experience more volatile flows and a higher likelihood of large outflows. Consistent with this pattern, MMFs with banks as principal investors hold more liquid and lower-risk portfolios. Although our methodology does not attempt to establish causality, the results suggest that MMFs respond to investor behavior and manage portfolio risk in an integrated manner.
2. Data and summary statistics
MMFs must file Securities and Exchange Commission (SEC) Form N-MFP each month./1 Beginning in June 2024, the SEC required institutional prime MMFs to disclose a breakdown of their investor composition by type. The new data on investor types, which is reported for each of a fund's share classes, complements Form N-MFP data that have been collected for many years, including granular security-level holdings and liquidity metrics. In combination, these data allow us to link investor composition to a fund's portfolio exposures, risk profiles, and liquidity management. In addition, we use daily flow information to construct measures of investor flow dynamics, which enables us to examine whether investor composition has a potential influence on flow behavior.
Our sample spans June 2024 through August 2025. We conduct the analysis at the share-class level rather than the aggregate fund level, since different share classes often target distinct investor segments and may exhibit materially different flow dynamics. We focus on institutional prime MMFs that are publicly offered and that consistently file N-MFP reports throughout the sample period. Funds that were liquidated, converted, or merged with another fund prior to the implementation of SEC reforms in October 2024 are excluded to maintain a consistent panel./2 The final sample includes 32 share classes from 8 institutional prime funds./3
Form N-MFP requires funds to classify investors in each share class into 12 categories./4 We consolidate these into four groups: Dealer (broker/dealers), Bank (depository institutions), Firm (nonfinancial firms), and Other (all remaining types). As shown in Figure 1, over our sample period, Dealer and Bank each account for roughly 30% of investments in institutional prime MMFs, while Firm and Other each contribute about 20%.
Figure 1. Composition of Investors in Institutional Prime MMFs
We then define four dummy variables (Dealer, Bank, Firm, and Other) to indicate the principal-investor type for each share class. Specifically, Dealeri, t equals 1 if dealers provide more than 50% of the investments in share class i in month t, and 0 otherwise. The other indicators are defined analogously. By construction, at most one principal-investor indicator can equal 1 for a given share class in a given month.
Table 1 reports the summary statistics for these principal-investor indicators based on the share class-month panel. Across share classes, there is a 23% probability that dealers are the principal investor, a 26% probability that banks are the principal investor, and an 11% probability that nonfinancial firms are the principal investor. For 19% of share classes, no single investor type accounts for more than half of total investments.
Table 1. Summary Statistics for Principal-Investor Indicators
3. Investor type and fund characteristics
We next examine how investor types relate to key fund characteristics. Different types of investors may have distinct preferences for liquidity and risk-taking. These preferences may influence investors' allocation decisions across MMFs as well as how fund managers adjust fund characteristics to attract and respond to specific investor bases. Rather than attempting to establish causality, we examine the associations between investor composition and fund characteristics, including size, liquidity condition, and risk profiles.
Specifically, we use weekly liquid assets (WLA) and weighted-average maturity (WAM) to capture funds' portfolio liquidity (with longer maturity indicating lower liquidity), and the cross-sectional percentile ranking of gross yield and the share of risky assets to proxy for risk-taking./5 Table 2 provides summary statistics for these fund characteristics at the share class-month level.
Table 2. Summary Statistics for Fund Characteristics
To provide a simple illustration of the relationship between investor base and fund portfolio choices, we sort MMF share classes over the sample period into groups based on their principal-investor type and plot the average levels of liquidity and risk measures for each group.
Figure 2 shows that, relative to other institutional prime MMFs, funds dominated by bank investors hold higher levels of weekly liquid assets and maintain shorter weighted average maturities on average. Based on a similar methodology, Figure 3 shows that funds dominated by bank investors earn lower average gross yields and hold fewer risky assets relative to their peers.
Figure 2. Principal-Investor Type and MMF Liquidity
Figure 3. Principal-Investor Type and Portfolio Riskiness
Next, to systematically quantify these relationships and account for common time effects and other confounding factors, we run contemporaneous panel regressions of fund characteristics on principal-investor indicators:
[Text omitted]
In addition to the principal-investor indicators, we control for the concentrations of investor types for a given share class, proxied by the Herfindahl-Hirschman Index (HHI). We emphasize that the coefficients on investor composition measures (i.e., B) should be interpreted as associative rather than causal: they describe how fund characteristics vary across share classes with different investor profiles. We also control for year-month fixed effects (ut) to absorb common time-series shocks that influence all funds. Standard errors are two-way clustered at the share-class and month levels to account for cross-sectional dependence and serial correlation.
Consistent with the findings in Figure 2 and 3, regression results in Table 3 show that funds in which banks are the principal investors maintain more conservative portfolio positions: they keep shorter portfolio maturities (i.e., higher liquidity) and generate lower gross yields (i.e., lower risk). In contrast, funds predominantly held by dealers or nonfinancial firms hold longer-duration portfolios./6
Table 3. Principal-Investor Type and Fund Characteristics
These findings point to a significant association between a fund's investor base and its portfolio choices. In particular, the tendency for funds with banks as their primary investors to hold more conservative portfolios raises the question of why such differences arise. Our analysis in the next section suggests that these patterns appear to be consistent with the flow dynamics of bank investors.
4. Investor base and flow dynamics
We next examine the relationships between investor base and flow dynamics. Intuitively, investor flows are driven by the investors themselves, and different types of investors may exhibit different withdrawal patterns. Specifically, we test whether funds with certain investor base characteristics experience greater flow volatility or a higher probability of large outflows in the subsequent month.
To evaluate these relationships, we regress next month's flow outcomes on current investor base:
[Text omitted]
Table 4 shows that when banks are the principal investors, MMFs tend to experience more volatile flows and are more likely to face large outflows in the subsequent month./7 These findings are consistent with our earlier result that MMFs with banks as principal investors maintain more conservative and liquid portfolio positions. Together, our results suggest that MMFs may take additional precautions in response to banks' relatively more volatile flows and greater propensity for large-scale withdrawals. Such flow patterns may reflect banks' motives for investing in MMFs and their management of these investments, issues that are beyond the scope of this note.
Table 4. Principal-Investor Type and Next-Month Flow Dynamics
5. Conclusion
Using novel data, we find that the investor composition of institutional prime MMFs is significantly associated with their portfolio decisions and flow dynamics. The relationships we find indicate that MMFs respond to investor behavior and manage portfolio risk in an integrated manner.
While our analysis is based on a 15-month period in which there was no material stress among MMFs, and the predictive role of investor composition during periods of market strain remains uncertain, the results suggest that investor composition is an informative indicator of MMF flow dynamics. These patterns may have implications for the likelihood of large redemptions during stress episodes and therefore warrant consideration in assessments of MMF run risk.
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1. A single MMF often offers multiple share classes targeted to different investor groups; while these classes have the same underlying portfolio, they usually differ in fee structures and investor eligibility. Return to text
2. Following the runs on prime MMFs in March 2020, the SEC adopted reforms for the industry in July 2023. The reforms were fully implemented starting in October 2024. Return to text
3. Feeder funds and money market ETFs are excluded from the final sample. Return to text
4. The 12 types are: broker/dealers, depository institutions, nonfinancial firms, registered investment companies, insurance companies, municipalities, nonprofit organizations, pension funds, private funds, sovereign funds, and other investors. Return to text
5. Weekly liquid assets are cash, direct and certain indirect debt of the U.S. Government, securities that mature within five business days, and receivable balances due within five business days. Risky asset share is the percentage of fund assets comprised of commercial paper, certificates of deposit, and time deposits. Return to text
6. Although not reported in the table, we observe similar patterns when replacing the principal-investor indicators with continuous investor shares. Return to text
7. We conduct two robustness checks (not shown): (i) computing flow outcomes over the subsequent quarter instead of the next month, and (ii) replacing principal-investor indicators with continuous investor-share measures. Both approaches yield consistent results. Return to text
Please cite this note as:
Li, Yi, Nick Panetta, and Weston Watts (2026). "Investor Composition of Money Market Funds and Its Implications for Flow Dynamics," FEDS Notes. Washington: Board of Governors of the Federal Reserve System, May 08, 2026, https://doi.org/10.17016/2380-7172.3973.
Disclaimer: FEDS Notes are articles in which Board staff offer their own views and present analysis on a range of topics in economics and finance. These articles are shorter and less technically oriented than FEDS Working Papers and IFDP papers.
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Original text here: https://www.federalreserve.gov/econres/notes/feds-notes/investor-composition-of-money-market-funds-and-its-implications-for-flow-dynamics-20260508.html
F-22A Raptor Hangar Marks Construction Milestone at JBLE
JOINT BASE SAN ANTONIO-LACKLAND, Texas, May 9 -- The U.S. Air Force Civil Engineer Center issued the following news:
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New F-22A Raptor hangar marks construction milestone at JBLE
TYNDALL AIR FORCE BASE, Fla. - A push to modernize infrastructure for the F-22 Raptor reached a milestone last month with the formal handover of a new 76,445-square-foot hangar at Joint Base Langley-Eustis, Virginia.
The Air Force Installation and Mission Support Center is overseeing several major military construction efforts at the base. Along with the hangar, a low observable component repair facility and a
... Show Full Article
JOINT BASE SAN ANTONIO-LACKLAND, Texas, May 9 -- The U.S. Air Force Civil Engineer Center issued the following news:
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New F-22A Raptor hangar marks construction milestone at JBLE
TYNDALL AIR FORCE BASE, Fla. - A push to modernize infrastructure for the F-22 Raptor reached a milestone last month with the formal handover of a new 76,445-square-foot hangar at Joint Base Langley-Eustis, Virginia.
The Air Force Installation and Mission Support Center is overseeing several major military construction efforts at the base. Along with the hangar, a low observable component repair facility and atraining support squadron facility are being built to support the F-22A fleet.
The hangar project has been under construction since February 2023 and was formally handed over to the base April 18.
"I'm proud of the collective effort and partnerships involved in completing such a complex project," said Judy Biddle, execution branch chief at the Air Force Civil Engineer Center's Special Programs Division, who has been involved with the project from the beginning. AFCEC is an AFIMSC primary subordinate unit.
"This is the first of three military construction projects to be completed at JBLE as part of the post-Hurricane Michael Rebuild program," she said. "The new hangar will provide maintenance support for the F-22A aircraft that were relocated from Tyndall Air Force Base, Florida, after Category 5 Hurricane Michael devastated the base in 2018."
Biddle worked closely with Col. Rob Bartlow, AFCEC Special Programs Division Chief, and the division's JBLE team to get the hangar across the finish line.
"Completing construction of hangar and turning it over to the base represents a significant construction milestone," Bartlow said. "It provides much needed maintenance space for the 1st Fighter Wing and their F-22 squadrons."
The new hangar is built on the former site of one of the base's oldest hangars originally built in 1932.
"It's quite impressive, with all necessary spaces such as maintenance bays, administrative spaces, and associated infrastructure," said Mike Dwyer, AFCEC SPD Deputy Chief. "This new and very modern facility delivers outstanding permanent maintenance spaces for the F-22 Raptor."
The modern facility consolidates the operations and maintenance functions into two main areas: a 36,000-square-foot maintenance hangar with six bays for F-22s and a two-story, 40,445-square-foot administrative and support wing for 92 full-time staff.
Work on the low observable component repair facility and the training support squadron facility is progressing. Combined, these three new state-of-the-art facilities will provide the advanced infrastructure essential to support the Air Force's mission well into the future.
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Original text here: https://www.afcec.af.mil/News/Article-Display/Article/4480698/new-f-22a-raptor-hangar-marks-construction-milestone-at-jble/
Department of Commerce: 2026 SelectUSA Investment Summit Concludes, Catalyzing Over $56 Billion in Investment Commitments and Plans
WASHINGTON, May 9 -- The U.S. Department of Commerce issued the following news release on May 8, 2026:
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2026 SelectUSA Investment Summit Concludes, Catalyzing Over $56 Billion in Investment Commitments and Plans
This week, the U.S. Department of Commerce hosted the 2026 Select USA Investment Summit, the largest in its history. Held May 3-6 in National Habor, Maryland, the Investment Summit welcomed over 5,500 attendees from a record 100+ international markets and included over 1,100 economic developers representing all 55 U.S. states and territories.
This year's Investment Summit catalyzed
... Show Full Article
WASHINGTON, May 9 -- The U.S. Department of Commerce issued the following news release on May 8, 2026:
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2026 SelectUSA Investment Summit Concludes, Catalyzing Over $56 Billion in Investment Commitments and Plans
This week, the U.S. Department of Commerce hosted the 2026 Select USA Investment Summit, the largest in its history. Held May 3-6 in National Habor, Maryland, the Investment Summit welcomed over 5,500 attendees from a record 100+ international markets and included over 1,100 economic developers representing all 55 U.S. states and territories.
This year's Investment Summit catalyzedmore than $56 billion in new and planned investment commitments, including a record $2.5 billion in announcements made during the Investment Summit and tens of billions more in ongoing and planned investments from key international partners.
"America is the greatest place in the world to do business, thanks to President Trump's historic trade and investment policies. We are proud to announce that participants at the 2026 Select USA Investment Summit committed $56 billion in new business commitments, strengthening and supporting thousands of high-paying American jobs," said U.S. Secretary of Commerce Howard Lutnick.
The annual Investment Summit attracted several high-level Trump administration officials, including from the National Economic Council, National Energy Dominance Council, Office of the United States Trade Representative, the Departments of State and Labor, and the Environmental Protection Agency. Six global business leaders delivered mainstage plenary remarks.
The Investment Summit also featured nine governors and 25 U.S. Ambassadors and Chiefs of Mission, along with dozens of mainstage speakers, moderators, panelists, and sponsors who contributed to the event's success.
The SelectUSA Celebrates America's 250 reception featured a performance by the U.S. Marine Drum and Bugle Corps and a bald eagle named Lincoln to honor the 250th anniversary of the signing of the Declaration of Independence.
The 2026 SelectUSA Investment Summit by the Numbers:
* 5,500+ attendees
* 2,700+ international delegates
* 1,100+ economic development organization (EDOs) representatives
* 55 U.S. states and territories represented
* 100+ international markets represented
* 9 governors
* 25 U.S. Ambassadors and Chiefs of Mission
* 200+ speakers
* 600+ tech participants
* 31 first-time rural and tribal EDOs as part of the Invest in Rural America initiative
* 1 bald eagle
Under Secretary of Commerce for International Trade William Kimmitt also announced that the 2027 SelectUSA Investment Summit will be held May 2-5, 2027, in National Harbor, Maryland.
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About the SelectUSA Investment Summit
The SelectUSA Investment Summit has directly helped generate more than $250 billion in new U.S. investment projects, supporting over 125,000 jobs across the United States and its territories. Information about the 2026 SelectUSA Investment Summit can be found at www.selectusasummit.us.
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About SelectUSA
Housed within the International Trade Administration at the U.S. Department of Commerce, SelectUSA promotes and facilitates business investment into the United States by coordinating related federal agencies, serving as a single point of contact for investors, and supporting U.S. economic development organizations in competing globally for investment. SelectUSA provides market intelligence, high-level advocacy, and connections that help companies invest and grow in the United States. For more information, visit www.trade.gov/selectusa.
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Original text here: https://www.commerce.gov/news/press-releases/2026/05/2026-selectusa-investment-summit-concludes-catalyzing-over-56-billion
CDC Provides Update on Hantavirus Outbreak Linked to M/V Hondius Cruise Ship
WASHINGTON, May 9 -- The U.S. Department of Health and Human Services Centers for Disease Control and Prevention issued the following news release:
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CDC Provides Update on Hantavirus Outbreak Linked to M/V Hondius Cruise Ship
The U.S. government is actively monitoring and responding to a hantavirus outbreak linked to the M/V Hondius cruise ship. At this time, the risk to the American public remains extremely low.
CDC developed health guidance for impacted American passengers, which was delivered by the U.S. Department of State. CDC's premier infectious disease experts are continuing to
... Show Full Article
WASHINGTON, May 9 -- The U.S. Department of Health and Human Services Centers for Disease Control and Prevention issued the following news release:
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CDC Provides Update on Hantavirus Outbreak Linked to M/V Hondius Cruise Ship
The U.S. government is actively monitoring and responding to a hantavirus outbreak linked to the M/V Hondius cruise ship. At this time, the risk to the American public remains extremely low.
CDC developed health guidance for impacted American passengers, which was delivered by the U.S. Department of State. CDC's premier infectious disease experts are continuing towork closely with international partners to develop consistent monitoring guidance. This guidance will be distributed today, in addition to resources targeted for state and local health departments.
The U.S. government's top priority is the safe repatriation of American passengers. These individuals are planned to be evacuated on a U.S. government medical repatriation flight to Offutt Air Force Base in Omaha, Nebraska, where they will be transported to the National Quarantine Center at the University of Nebraska, Omaha.
The CDC deployed a team of epidemiologists and medical professionals to the Canary Islands, where the M/V Hondius is expected to dock. The team will conduct an exposure risk assessment for each American passenger and provide recommendations for the level of monitoring required. An additional CDC team will deploy to Offutt AFB to support public health assessment of returning passengers.
https://www.cdc.gov/hantavirus/about/index.html
https://www.cdc.gov/hantavirus/about/andesvirus.html
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U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES
Whether diseases start at home or abroad, are curable or preventable, chronic or acute, or from human activity or deliberate attack, CDC's world-leading experts protect lives and livelihoods, national security and the U.S. economy by providing timely, commonsense information, and rapidly identifying and responding to diseases, including outbreaks and illnesses. CDC drives science, public health research, and data innovation in communities across the country by investing in local initiatives to protect everyone's health.
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Original text here: https://www.cdc.gov/media/releases/2026/2026-cdc-provides-update-on-hantavirus-outbreak-linked-to-m-v-hondius-cruise-ship.html
Berkeley Lab's Kristin Persson Elected to the American Academy of Arts and Sciences
WASHINGTON, May 9 -- The U.S. Department of Energy Lawrence Berkeley National Laboratory issued the following news:
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Berkeley Lab's Kristin Persson Elected to the American Academy of Arts and Sciences
The Materials Project founder is among the 252 new academy members inducted this year.
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Kristin Persson, a Daniel M. Tellep Distinguished Professor in Materials Science and Engineering at UC Berkeley and faculty senior scientist at Lawrence Berkeley National Laboratory (Berkeley Lab), has been elected to the American Academy of Arts and Sciences.
The prestigious organization honors excellence
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WASHINGTON, May 9 -- The U.S. Department of Energy Lawrence Berkeley National Laboratory issued the following news:
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Berkeley Lab's Kristin Persson Elected to the American Academy of Arts and Sciences
The Materials Project founder is among the 252 new academy members inducted this year.
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Kristin Persson, a Daniel M. Tellep Distinguished Professor in Materials Science and Engineering at UC Berkeley and faculty senior scientist at Lawrence Berkeley National Laboratory (Berkeley Lab), has been elected to the American Academy of Arts and Sciences.
The prestigious organization honors excellencein science, the humanities and arts, and policy and communication. The Academy, which elected its first members in 1781, recently announced a new cohort of 252 members for 2026.
Persson's work uses high-performance computing to study the physics and chemistry of materials. She is the founder and director of the Materials Project, an open-access database with millions of properties on hundreds of thousands of crystalline structures and molecules.
The Materials Project is the most widely used repository of information on inorganic materials in the world, used by hundreds of thousands of people and vital for developing new materials for high-performance batteries, fuel cells, and data storage. The Materials Project's curated datasets enable AI-powered materials design for faster scientific discoveries.
Persson also served as the director of the Molecular Foundry, a nanoscience user facility at Berkeley Lab, from 2020 to 2024. She is a member of the National Academy of Engineers and Royal Swedish Academy of Sciences; a U.S. Department of Energy Office of Science Distinguished Scientist Fellow; and fellow of the Materials Research Society, American Association for the Advancement of Science, and American Physical Society.
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Lawrence Berkeley National Laboratory (Berkeley Lab) is committed to groundbreaking research focused on discovery science and solutions for abundant and reliable energy supplies. The lab's expertise spans materials, chemistry, physics, biology, earth and environmental science, mathematics, and computing. Researchers from around the world rely on the lab's world-class scientific facilities for their own pioneering research. Founded in 1931 on the belief that the biggest problems are best addressed by teams, Berkeley Lab and its scientists have been recognized with 17 Nobel Prizes. Berkeley Lab is a multiprogram national laboratory managed by the University of California for the U.S. Department of Energy's Office of Science.
DOE's Office of Science is the single largest supporter of basic research in the physical sciences in the United States, and is working to address some of the most pressing challenges of our time. For more information, please visit energy.gov/science.
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Original text here: https://newscenter.lbl.gov/2026/05/08/berkeley-labs-kristin-persson-elected-to-the-american-academy-of-arts-and-sciences/
BLS: Compensation Costs for Private Industry Workers Up 3.4 Percent Over the Year Ending March 2026
WASHINGTON, May 9 (TNSLrpt) -- The U.S. Department of Labor Bureau of Labor Statistics issued the following document on May 8, 2026, from Economics Daily:
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Compensation costs for private industry workers up 3.4 percent over the year ending March 2026
Compensation costs for private industry workers increased 3.4 percent from March 2025 to March 2026. Wages and salaries increased 3.4 percent over the year, and benefit costs increased 3.6 percent. These 12-month increases were similar to the 12-month increases from March 2024 to March 2025, when compensation costs rose 3.4 percent, wages and
... Show Full Article
WASHINGTON, May 9 (TNSLrpt) -- The U.S. Department of Labor Bureau of Labor Statistics issued the following document on May 8, 2026, from Economics Daily:
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Compensation costs for private industry workers up 3.4 percent over the year ending March 2026
Compensation costs for private industry workers increased 3.4 percent from March 2025 to March 2026. Wages and salaries increased 3.4 percent over the year, and benefit costs increased 3.6 percent. These 12-month increases were similar to the 12-month increases from March 2024 to March 2025, when compensation costs rose 3.4 percent, wages andsalaries increased 3.4 percent, and benefit costs increased 3.5 percent.
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Chart: 12-month percent change in compensation costs for private-industry workers, current dollars and constant (inflation-adjusted) dollars
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Inflation-adjusted (constant dollar) compensation costs for private industry workers increased 0.1 percent from March 2025 to March 2026. Inflation-adjusted wages and salaries increased 0.1 percent over the year, and inflation-adjusted benefit costs increased 0.3 percent. On an inflation-adjusted basis over the year ending March 2025, compensation costs rose 1.1 percent as wages and salaries increased 1.0 percent and benefit costs increased 1.1 percent.
These data are from the Employment Cost Index (https://www.bls.gov/eci/) program and are not seasonally adjusted. To learn more, see "Employment Cost Index -- March 2026 (https://www.bls.gov/news.release/archives/eci_04302026.htm)." We also have more charts on the Employment Cost Index (https://www.bls.gov/charts/employment-cost-index/). Total compensation costs are the sum of wages and salaries plus benefit costs.
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SUGGESTED CITATION
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs for private industry workers up 3.4 percent over the year ending March 2026 at https://www.bls.gov/opub/ted/2026/compensation-costs-for-private-industry-workers-up-3-4-percent-over-the-year-ending-march-2026.htm (visited May 09, 2026).
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View original text plus charts and tables here: https://www.bls.gov/opub/ted/2026/compensation-costs-for-private-industry-workers-up-3-4-percent-over-the-year-ending-march-2026.htm
