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The Rise of Tech-Savvy Farmers in KenyaKericho County, Kenya – A typical Saturday morning starts before sunrise for Chepkorir Rotich, a farmer in Kiboito village in western Kenya's Kericho County. By then, Rotich has already milked her cows and sold the milk, fed her chickens, and headed back to pluck vegetables for orders already placed. Her work starts this way every day, and she does it with passion.When the 33-year-old mother of two left college more than a decade ago, she was excited and ready to join the formal employment sector and secure a full-time job."I thought I would be employed as a business administrator, but after looking for a job for too long, I accepted contract offers in three different companies," she says. "The highest paid me about $200 in a month. While living in Nairobi, that wasn't enough."From Job Seekers to Agricultural EntrepreneursA lack of white-collar jobs has kept young Kenyans like Rotich out of employment, leaving them to innovate ways to survive and earn a living. In doing so, many youths have resorted to agriculture and other fields, with many using digital as well as vocational skills to stay ahead of the game.Digital Transformation of Kenyan AgricultureRotich, for example, uses social media to market her produce and to learn how to practice agriculture using modern methods. Social media helps her share knowledge with young people who comprise a large portion of her nearly 50,000 followers. She also runs a YouTube channel where she shares her knowledge of farming.The Food and Agriculture Organization of the United Nations (FAO) reports that the average African farmer is 60 years old, something Rotich refutes, saying the presumed age of farmers has made many young people shun agriculture instead of embracing it as a way to earn a living going into the future."I think the reason they say that is because of access to land on which to do agriculture, which is mostly owned by older people," Rotich tells Al Jazeera. "In my case, I started farming in the compound of my rented house, and by the end of each month, my landlord owed me money after settling the rent because I sold him milk and vegetables. So, it's all about passion and consistency among the youth."Kiringai Kamau, a lecturer at the University of Nairobi with expertise in agricultural economics, agribusiness, and food systems, says young people should take up agriculture as full-time employment since they are the ones who can effectively understand and deploy technology."To do this, we have established the devolution agroecology and AI learning centre in Murang'a University, where we will be pushing to have the centre train the youth who will be going into agriculture to be able to link with the agricultural data ecosystem, deriving from the infrastructure that will be provided, and also giving information to the county and country, and any other professionals that may be interested in data coming there," he tells Al Jazeera.Derrick Ngigi, the technical head at Global Open Data for Agriculture and Nutrition (GODAN), says that while youth are embracing agriculture, technology also plays a role in providing them with opportunities."For example, content creation in agriculture brings a lot of opportunities, such as creating content around modern farming methods, which has been generating revenue for the youth," Ngigi says.AI Tools Revolutionizing Farming PracticesAbout five kilometres outside Kiboito, at Kaptoroi village, Geoffrey Kiprop is busy cleaning his cowshed after feeding his cattle for the early morning. The 32-year-old earned a bachelor's degree in information technology in 2017 but has never secured formal employment.Like Rotich, Kiprop has been surviving on contract work, such as jobs doing systems development and maintenance for schools. He says that the highest-paid contract was for 15,000 Kenyan shillings ($116). But now, he makes about 7,000 Kenyan shillings ($54) a day through farming.Kiprop also practices mixed farming, rearing cows for milk and chickens for eggs and meat, while also planting crops such as tea, coffee, capsicum, cabbage, and beans.He uses modern technologies to raise his crops and livestock and takes advantage of his IT training, which he utilises to ensure maximum profits.Examples of the tools he uses include the Plantix app, which he says helps detect crop disease and malnutrition using AI after he simply takes a photo of the crop and uploads it. The app also gives the farmer the weather forecast and the best crop practices to perform in line with current weather conditions."My favourite is the Virtual Agronomist. This is an AI-enabled platform where I use Google Maps to capture the coordinates of my crop field and then specify the types of crops I am growing," Kiprop explains. "In return, the Virtual Agronomist will enable me to know the size of the plots under farming. It also generates a nutrient plan by sampling the soil in the farm, guiding me in what the soil is missing in terms of nutrients and the exact amount to add," he tells Al Jazeera.For his cows, Kiprop also uses an AI tool to manage their health and production."Also, I use the Digicow app, which assists the farmer in managing dairy farm practices by tracking all the day-to-day activities in the dairy farm, which includes recording the amount of milk sold and used by the farmer, dairy inputs like feed and health practices, thus allowing the farmer to know if he's making a profit or not," Kiprop says.Financial Benefits of Tech-Enhanced FarmingBoth Rotich and Kiprop demonstrate that farming with AI tools can be more financially rewarding than traditional employment paths for educated young Kenyans. While contract work offered Rotich a maximum of $200 per month and Kiprop's highest contract paid 15,000 Kenyan shillings ($116), Kiprop now earns approximately 7,000 Kenyan shillings ($54) daily through his tech-enhanced farming operations.The Future of Agriculture in KenyaBoth Rotich and Kiprop agree on one thing: agriculture also comes with its own challenges, and one has to be deeply passionate and consistent to make something out of it."Consistency is key," says Rotich. "It's something that many young people lack, and they quit very early before they can break even and realise profits. One has to do things many times to be able to finally get it and learn from the mistakes made before."

The Rise of Sound Baths in Wellness Culture In an era where digital detoxes and mindfulness practices have become mainstream, a new wellness trend has emerged: sound baths. These experiences, where participants pay to lie on mats while practitioners play singing bowls, chimes, and gongs, have seen online interest rise exponentially in the last decade. From Sydney Harbour settings to high-end wellness clubs with surround-sound chambers, the industry is capitalizing on claims that these sonic experiences can "soothe and calm your nervous system" with sounds that "penetrate every cell in your body." But as this trend grows, questions arise about whether these expensive experiences deliver on their promises. The Science Behind Sound and Relaxation "There's a rich field of music psychology that's all about the impacts of different types of sounds on human psychology and human physiology," explains Dr Vince Polito, a senior lecturer in psychological sciences at Macquarie University. Experts suggest that while specific frequencies may not have the mystical healing properties claimed by practitioners, the experience can still be beneficial. Dr Sandra Garrido, a senior research fellow at the University of Sydney's school of psychology, notes that "like anything in the wellness space, its benefits can definitely be talked up." The effects of sound or music on wellbeing largely relate to how we perceive and interpret those sounds, rather than specific types or frequencies. Research Evidence on Sound Meditation Studies on sound baths and similar practices offer some insight into their potential benefits. A 2016 observational study found that people who participated in a meditation session involving Tibetan singing bowls reported feeling less tension, anger and fatigue afterward. Another randomized controlled trial in breast cancer patients linked Tibetan sound meditation to improved cognitive function and mental health. However, researchers note that mindfulness meditation itself has been independently linked to improvements in anxiety, depression and insomnia, making it difficult to isolate the specific effects of sound. Sound Baths vs. Music Therapy While sound baths have gained popularity in wellness circles, they differ significantly from music therapy, a regulated profession with a long history of therapeutic use. "There are long histories of using music and sound in therapeutic ways," says Dr Amanda Krause, a senior lecturer in psychology and president of the Australian Music and Psychology Society. Music therapists work with a range of clients in schools and hospitals, using music listening or production to improve psychological and physical health. Unlike sound bath practitioners, music therapists are registered professionals with standardized training and ethical guidelines. The Social Connection Factor One potential benefit of sound baths that researchers acknowledge is the social aspect of the experience. "Historically, throughout most of human history... music has been about social connection," Garrido explains. "It's only in the last 100 years or so that we've had the capacity to go home and listen to music on our own in an isolating kind of way." The communal experience of a sound bath can create a sense of connection that's increasingly rare in our digital, often isolated lives. "Communally listening to music in the experience of a sound bath can be a 'helpful, healthy thing,'" Garrido adds. The Future of Sound Wellness As the wellness industry continues to evolve, sound baths may find their place alongside other mindfulness practices, though perhaps not as the "miracle cure" some marketing suggests. "I've been to them myself," Garrido admits. "I enjoy them, they can be relaxing, it's a nice experience – but I wouldn't pay too much money for it." The future of sound wellness likely involves a more balanced approach that acknowledges both the potential benefits of focused listening and the importance of not overclaiming what the science can support. As with many wellness trends, the key may be finding practices that work for individuals without requiring expensive or mystical explanations.

The Discovery of Tool Use in Bees Bumblebees can use tools to solve a problem, according to experiments that demonstrate their remarkably advanced cognitive abilities. The bees were given an adapted version of an experiment that, 100 years ago, first demonstrated chimpanzees could work out how to retrieve an out-of-reach banana by stacking boxes. The Experiment and Its Findings In the latest research, bees were shown to be able to roll a polystyrene ball to a specific location and climb on to it in order to access an artificial flower on a low ceiling. The findings challenge the longstanding assumption that insects operate purely on instinct and mindless trial-and-error learning. The Implications of Bee Intelligence “Most people think insects are reflex-based machines,” said Dr Olli Loukola, a behavioural ecologist at the University of Oulu, Finland, and senior author. “That they can’t have any emotional states or feel pain. Some people don’t even realise that they have brains. I hope that these results change the worldview about that.” The Complexity of the Challenge The bees, which were only a couple of weeks old, were first trained to associate a blue artificial flower with a reward of sugar water. During the test, the flower was moved to the ceiling of a transparent petri dish-style chamber whose ceiling was too high for them to reach, but with insufficient space for them to hover. A ball was also introduced into the chamber. To reach the flower, the bee had to roll the ball under it and climb on top – a behavioural sequence they had never previously encountered or been trained to perform. The Results and Their Significance In the most basic version of the test, 75% of the bees were successful in reaching the flower. “This is essentially an insect version of the classic ‘box-and-banana’ problem,” said Loukola. “The animal must realise that an object can be repositioned and then used as a tool to reach an otherwise inaccessible goal. What stands out about the result is that this kind of spontaneous problem solving is now demonstrated in an insect.” The Future of Bee Research “We are not claiming that bees think like humans,” said Loukola. “But our findings show that miniature brains can generate flexible solutions to novel problems in ways we are only beginning to understand.”

The Lead: Legal Challenge to Federal Loan PolicyA coalition of 24 Democratic-led states and the District of Columbia has recently sued the federal government seeking to block new student loan restrictions scheduled to take effect on July 1. The Trump administration argues these caps will lower tuition costs, but opponents warn they will worsen the nation's nursing shortage and disproportionately affect rural healthcare access.The Loan Caps: New Parameters for Graduate EducationThe new parameters, approved by Congress as part of the One Big Beautiful Bill Act, will impose strict borrowing limits on graduate students. Those pursuing professional degrees such as medicine, dentistry, and law will be limited to $50,000 per year, with a maximum lifetime cap of $200,000. Other graduate students, including those training to become nurses, physical therapists, and nurse anesthetists, will face even stricter limits of $20,500 per year and a total of $100,000.The Financial Impact: Rising Costs and Debt BurdensSince 2000, the average cost of earning a graduate degree has more than tripled, according to a 2024 Georgetown University report. Among advanced practice nurses who took out loans, more than a quarter already had balances exceeding the new $100,000 limit, according to a Health Affairs Scholar study. With federal student loan interest rates at 7.9%, students may be forced to turn to private loans with interest rates approaching 18%, significantly increasing their financial burden.The Healthcare Crisis: Rural Areas at Greatest RiskThe lawsuit highlights particular concerns about healthcare access in rural communities. While nursing shortages exist nationwide, they are especially acute outside cities. In 2022, urban areas had approximately 98 registered nurses per 10,000 people, compared to only 64 nurses per 10,000 in rural areas. Nebraska, for example, faces a shortage of almost 6,700 nurses—21% of its demand. Critics argue that the loan caps will deter people from pursuing nursing careers, particularly in underserved rural areas where healthcare providers are already scarce.The Future Outlook: Legal Battle and Potential ConsequencesThe lawsuit represents a significant challenge to the Trump administration's education policy. If the loan caps take effect as planned, students like Coby Rodriguez, who hopes to become a certified registered nurse anesthetist, may need to work additional years before pursuing advanced education to avoid excessive debt. Universities are already exploring alternatives, including partnerships with private financial institutions to offer more attractive loan options. The outcome of this legal battle could reshape the landscape of graduate education funding and have profound implications for the future of healthcare in America, particularly in rural communities.

The HBCU Radio Preservation Project After Shaw University's WSHA radio station went on air in 1968, several other historically Black colleges and universities (HBCUs) followed the North Carolina school's lead, launching a wave of their own. For decades, the students who worked on these channels used them to inform listeners about happenings on campus, while also playing musical selections and offering cultural programming. Preserving the Archives The HBCU Radio Preservation Project is working to ensure that the irreplaceable archives at these institutions are saved and accessible. As a result of the project's efforts, WSHA's archives are available through the American Archive of Public Broadcasting. Several other universities, including Fisk University in Nashville, Tennessee, have had their radio archive preserved for future generations. How the Project Works While working to preserve the archival collection of WYSO, a public radio station in Yellow Springs, Ohio, Jocelyn Robinson began wondering what collections at HBCU radio stations might include. She created a project that surveyed the radio stations to find out. Developed profiles of all the radio stations, including their founding, format, and broadcast footprint Wrote a report with recommendations for preserving radio stations in the campuses Remembering the History There is an oral history project component to the team's efforts, which is "where the storytelling becomes even more important and more apparent in the work". One of the very first oral history captures they did was with David Linton, a program director at WCOK at Clark Atlanta University, in Atlanta, Georgia, whose career started at WSHA at Shaw. Returning the History Celebrating the stations' histories helps different groups – from current students who might not be active listeners to family members of previous radio employees – understand the importance of the channels. Digitized over 1,125 hours of archival audio Visited nearly two dozen HBCU campuses Interviewed over 90 people, recording more than 140 hours of oral histories

Why Reducing Screen Time Has Become CriticalSmartphones have become the primary source of dopamine for many, leading to compulsive scrolling that erodes mental wellbeing. Recent legal action against major platforms underscores the urgency of adopting concrete habits to break the cycle.Legal Wake‑Up Call: Meta and YouTube Fined $6 MillionIn March, Meta and YouTube were ordered to pay a combined $6 million after a U.S. court ruled their platforms were deliberately designed to be addictive. The ruling serves as a public acknowledgment that the tech industry’s engagement loops can have harmful consequences.Numbers That Reveal the Scope of Phone AddictionSearch interest for “phone addiction” has risen steadily over the past decade, according to Google Trends data for the UK.The court‑imposed fine totals $6 million, a tangible financial penalty for design practices that prioritize user attention over health.Experts cite parallels between substance addiction and app usage, noting similar patterns of positive and negative reinforcement.How Excessive Screen Use Is Reshaping Mental Health and Tech DesignProf Marcantonio Spada, emeritus professor of addictive behaviours at London South Bank University, explains that intermittent rewards—likes, notifications, short videos—keep the brain in a state of anticipation, amplifying the “hangover” effect after prolonged scrolling. Psychotherapist Hilda Burke observes that patients often experience low mood, sleep disruption, and concentration problems linked to phone overuse.Both experts stress the importance of conscious choice: moving from passive “I found myself scrolling” to active “I chose to open Instagram.”Practical Steps to Reclaim Control Over Your DeviceTrack your time: Use built‑in tools like Android’s Digital Wellbeing or iOS’s Screen Time to monitor app usage and set limits.Schedule screen‑free periods: Implement “wait training” by leaving the phone behind during walks or designating a full screen‑free day (e.g., Sundays).Change your lockscreen: Replace distracting widgets with neutral images or information that discourages immediate checking.Set clear boundaries: Turn off non‑essential notifications, especially for messaging apps, to reduce the urge to respond instantly.Create physical distance: Keep the phone in another room during meals or focused work sessions.What the Future Holds for Digital Wellbeing Tools and RegulationAs courts continue to hold platforms accountable, we can expect tighter scrutiny of design features that exploit attention. Meanwhile, operating‑system providers are likely to expand Digital Wellbeing and Screen Time functionalities, offering more granular controls and proactive alerts. Users who adopt the outlined habits now will be better positioned to benefit from these upcoming enhancements while safeguarding their mental health.

The Strategic Pivot in US-Africa DiplomacyThe recent confirmation of veteran naval officer Frank Garcia as the new Assistant Secretary of State for African Affairs signals a definitive shift in Washington's engagement strategy. Garcia, speaking before the Senate Foreign Relations Committee, explicitly praised the administration of Donald Trump for prioritizing 'trade and investment for mutual benefit' over traditional humanitarian aid. This marks a departure from previous diplomatic approaches, framing economic security as the core of US national interests in the continent.Reimagining the Colonial Route: The Lobito CorridorThe centerpiece of this new strategy is the Lobito Corridor, a 1,300km rail and transport route linking Angola's Atlantic port of Lobito to the mineral-rich Copperbelt of the DRC and Zambia. Historically, this infrastructure traces back to a colonial trade corridor established in 1902, which suffered significant damage during Angola's civil war. After a 27-year reconstruction period, the railway was renovated by China as part of a $2bn rail-for-oil programme. Today, the corridor is managed by a consortium including Trafigura and Mota-Engil, operating under a 30-year concession.Infrastructure Status: Less than 3% was operational after the civil war; now upgraded for high-volume transport.Strategic Geography: Connects Central Africa's critical minerals to the Atlantic Ocean, bypassing congested ports.Historical Context: Originally built by British mining companies for European markets; now repurposed for global energy transition supply chains.Investment and the Geopolitics of Critical MineralsThe economic engine driving this initiative is the global surge in demand for critical minerals such as copper, cobalt, lithium, and nickel. The US government has committed billions to the project, with the International Development Finance Corporation (DFC) signing a $753m financing package. This investment is part of a broader $200bn US pledge within a $600bn G7 infrastructure initiative. The data underscores that this is not merely infrastructure development but a calculated move to secure supply chains for electric vehicles and clean energy technologies, directly countering Chinese dominance in the region.The 'America First' Infrastructure PlayWhile the Biden administration framed the corridor as a climate-transition project, the Trump administration has rebranded it as a geopolitical instrument. The focus has shifted from environmental sustainability to national security and economic sovereignty. By discarding the climate narrative, Washington aims to present the Lobito Corridor as a viable alternative to Chinese Belt and Road Initiative projects. The DFC's CEO, Ben Black, emphasized that these investments are designed to 'prevent monopolization by China and other strategic competitors,' signaling a hardening of the US stance against Beijing's expanding influence in Africa.Risks of a Geopolitical ShortcutDespite the strategic rationale, the Lobito Corridor faces significant headwinds that could undermine its long-term success. Critics argue that the project serves external strategic interests rather than local development. Mike Jennings of SOAS University of London warns that the corridor could exacerbate regional instability, particularly in the DRC, where resource extraction has historically fueled conflict. Furthermore, satellite analysis by Global Witness suggests that up to 6,500 people could be displaced by the project's expansion. The UN has also highlighted potential human rights risks and land conflicts, raising questions about whether this infrastructure will truly benefit the communities it passes through or simply serve as a conduit for external extraction.

The Return of a Eradicated ParasiteThe New World screwworm, a flesh-eating parasite which infects cattle and other warm-blooded animals, has been found in a calf in Texas, the US Department of Agriculture announced on Wednesday. This marks the first confirmed case in the United States since the parasite was declared eradicated in 1966, following decades of successful containment through biological barriers and sterile fly release programs.The screwworm is believed to have travelled from Central America to Mexico before being found in the calf in LaPryor, Texas, around 50km from the Mexican border. Experts suggest that a combination of factors, including possible disruptions to sterile-fly programs during the COVID-19 pandemic, increased movement of livestock and people, and favorable weather conditions, may have contributed to its re-emergence.Understanding the Screwworm ThreatA screwworm comes from the larvae of a screwworm fly (Cochliomyia hominivorax), and humans can indeed be infected. Female screwworm flies lay their eggs in scratches and wounds of warm-blooded animals, normally livestock or wild animals. The eggs hatch into hundreds of screwworm larvae which eat the living tissue of the infected animals.The flies are attracted to the smell of open wounds on the bodies of these animals, or sometimes even of humans. Newborn calves are particularly vulnerable because the post-partum navel has yet to scar. The larvae use their sharp mouths to burrow through the living flesh of their hosts for about a week before dropping to the ground to form a pupa.Screwworm can be devastating in cattle and wildlife, which can die from infection if untreated. As adult screwworm flies are capable of travelling many kilometers in search of hosts, infestations can spread quickly across wildlife populations, livestock herds and between humans.Economic Fallout for the Beef IndustryAn outbreak in the US could heavily impact the livestock industry and cause increased beef prices. The USDA predicts that could cost the Texas economy $1.8 billion in losses. Between mid-July and mid-August 2025, Mexico reported a 53 percent rise in the number of cases in animals, indicating the rapid spread of the parasite.Washington has halted cattle imports from Mexico for the past year, citing the insect's spread further into Mexico. The US typically imports more than one million Mexican cattle annually. The import suspension has already contributed to rising beef prices by tightening the supply of beef cattle, which dwindled after a drought forced ranchers on both sides of the border to reduce herds.Mexican cattle are usually fed and fattened on US farms for five to six months before slaughter, and a diminished slaughter rate can also raise beef prices. With US cattle herds already at a multi-decade low after severe drought, high feed costs have forced ranchers to shrink their herds.Regional Vulnerability and ResponseA quarantine zone spanning 20km (12.4 miles) has been established around the affected farm in Texas with no movement of any animals including pets. The infected calf is being treated and the larvae will be killed. The primary measures being implemented include vigilance, identification and isolation of cases, treatment and elimination of larvae, and controlling movement of animals.Dr Timothy Goldsmith, a veterinary medicine professor at the University of Minnesota, noted that homeless people can be especially vulnerable to infestation because they sleep outside and have less access to hygiene products and medical care. Last year, Mexico confirmed 41 human cases, primarily in the state of Chiapas.The parasite reappeared in Panama, Costa Rica, Nicaragua, Honduras, Guatemala, Belize and El Salvador before moving on to Mexico in 2023. While the precise reasons for its resurgence are unclear, experts point to climate change, increased global travel, and disruptions to agricultural monitoring programs as potential contributing factors.Future Outlook and Prevention MeasuresThe first confirmed case in the US during the latest outbreak represents a serious challenge for ranchers and could cause beef prices to rise further. After decades of eradication, most cattle ranchers no longer have the experience or tools to diagnose and treat screwworm, experts say.Infestations can be cured, but treatment is a time-consuming, pricey and labor-intensive process. A program of sterile male release is considered the best long-term method of controlling this fly, similar to the approach that successfully eradicated screwworm from the US in the 1960s.Authorities are likely to expand surveillance efforts along the US-Mexico border and potentially implement enhanced screening protocols for livestock entering the country. The incident highlights the ongoing challenges of biosecurity in an increasingly globalized world where pests and diseases can cross borders with ease.

The Historic SpaceX ValuationElon Musk's rocket company SpaceX is targeting a valuation of nearly $1.77 trillion in its blockbuster initial public offering (IPO), paving the way for the largest stock market debut in history. In a filing with the US Securities and Exchange Commission, SpaceX announced plans to sell 555.6 million shares at $135 apiece, raising approximately $75 billion.Market Position and Financial ImpactThe eye-popping valuation would make SpaceX the world's seventh-largest company by market capitalization, ahead of Musk's electric vehicle maker Tesla and social media giant Meta, and just behind Taiwanese chipmaker TSMC. This would eclipse energy giant Saudi Aramco's 2019 debut, which raised $26 billion at a valuation of $1.7 trillion.Despite the public listing, Musk will retain effective control of SpaceX with more than 82% of voting rights, the result of a dual-class stock structure that grants certain shares 10 votes instead of one.Industry Transformation and Investor ConfidenceSpaceX's listing will be a test of investors' confidence in Musk's vision, which has yet to translate into profits at the company. SpaceX reported a net loss of $4.9 billion on revenue of $18.7 billion in 2025, followed by a $4.3 billion loss in the first quarter of this year.Despite SpaceX's lack of profitability, market sentiment is strong, with buyers of investment products linked to the listing pricing the company's end-of-first-day market capitalization at $2.2 trillion. The Tesla parallel is perhaps worth drawing: It debuted in 2010 as a loss-making company and largely tracked the S&P; 500 for years, only breaking away decisively once it turned profitable for the first time in Q1 2013.Future Outlook and Market ImplicationsSpaceX's debut is the first of three mega-IPOs expected this year, along with AI startups OpenAI and Anthropic. The listings are poised to add trillions of dollars in value to the US stock market, which is already hovering at record highs on the back of the AI boom.Founded by Musk in 2002, SpaceX is best known for designing and launching rockets, spacecraft and reusable launch vehicles on behalf of NASA and private companies. The company also provides internet services and artificial intelligence models through its Starlink and xAI divisions.Musk has outlined lofty ambitions for SpaceX, including to establish a "self-sustaining" city on Mars, "make life multiplanetary", and "extend the light of consciousness to the stars." With SpaceX, there is a risk that cash flows will be used to send hundreds of thousands of people to Mars, at a loss, according to Jay R Ritter, an emeritus professor at the University of Florida who specialises in IPOs.