In the present notes, we study a generalization of the Peterson subalgebra to an oriented (generalized) cohomology theory which we call the formal Peterson subalgebra. Observe that by recent results of Zhong the dual of the formal Peterson algebra provides an algebraic model for the oriented cohomology of the affine Grassmannian.

Our first result shows that the centre of the formal affine Demazure algebra (FADA) generates the formal Peterson subalgebra. Our second observation is motivated by the Peterson conjecture. We show that a certain localization of the formal Peterson subalgebra for the extended Dynkin diagram of type $\hat A_1$ provides an algebraic model for “quantum” oriented cohomology of the projective line. Our last result can be viewed as an extension of the previous results on Hopf algebroids of structure algebras of moment graphs to the case of affine root systems. We prove that the dual of the formal Peterson subalgebra (an oriented cohomology of the affine Grassmannian) is the zeroth Hochschild homology of the FADA.

We compare the $K$-theory stable bases of the Springer resolution associated to different affine Weyl alcoves. We prove that (up to relabelling) the change of alcoves operators are given by the Demazure–Lusztig operators in the affine Hecke algebra. We then show that these bases are categorified by the Verma modules of the Lie algebra, under the localization of Lie algebras in positive characteristic of Bezrukavnikov, Mirković, and Rumynin. As an application, we prove that the wall-crossing matrices of the $K$-theory stable bases coincide with the monodromy matrices of the quantum cohomology of the Springer resolution.

We study the equivariant oriented cohomology ring $\mathtt{h}_{T}(G/P)$ of partial flag varieties using the moment map approach. We define the right Hecke action on this cohomology ring, and then prove that the respective Bott–Samelson classes in $\mathtt{h}_{T}(G/P)$ can be obtained by applying this action to the fundamental class of the identity point, hence generalizing previously known results of Chow groups by Brion, Knutson, Peterson, Tymoczko and others. Our main result concerns the equivariant oriented cohomology theory $\mathfrak{h}$ corresponding to the 2-parameter Todd genus. We give a new interpretation of Deodhar’s parabolic Kazhdan–Lusztig basis, i.e., we realize it as some cohomology classes (the parabolic Kazhdan–Lusztig (KL) Schubert classes) in $\mathfrak{h}_{T}(G/P)$. We make a positivity conjecture, and a conjecture about the relationship of such classes with smoothness of Schubert varieties. We also prove the latter in several special cases.

We study the action of the formal affine Hecke algebra on the formal group algebra, and show that the the formal affine Hecke algebra has a basis indexed by the Weyl group as a module over the formal group algebra. We also define a concept called the normal formal group law, which we use to simplify the relations of the generators of the formal affine Demazure algebra and the formal affine Hecke algebra.