China Emerges As Key Source Of New Drugs For Big Pharma
Chinese drug assets are increasingly entering global development programs through partnerships and licensing agreements
Investing
Beware Of George Soros Types In Government Finance
Druckenmiller has since gone on to be an independent hedge fund manager with one of the best records on Wall Street spanning several decades.
Ken Griffin Bets Big On Miami With $3 Billion Carnegie Mellon University Gift
The Miami campus is expected to open in 2028 and will organize education around major challenges rather than traditional academic disciplines
Mainstream Economics: Money As Medium of Exchange, Unit Of Account, And Store Of Value
On the first day of a typical, introductory microeconomics class, if students are asked what they think economics is about, most of them will answer that it has to do with money, the stock market, and personal finances.
AI Infra Spending Raises Fresh Inflation Concerns
Economists warn that the enormous spending is increasing demand for chips, construction materials, electricity and skilled labor.
What The Dow/Gold Ratio Shows That The CPI Hides
Now measure the same economy with a different rod. On August 17 the Dow Jones Industrial Average closed at 53,459.78, near its all-time high. Gold was trading around $4,400 an ounce.
Global Bond Rout Raises Borrowing Costs For Governments And Consumers
The U.S. 30-year Treasury yield climbed to 5.45% Thursday, its highest level since 2004.
Markets Raise Bets On October Fed Rate Hike
Barr said policymakers likely need additional adjustments to bring inflation back toward the Fed’s target, according to his prepared remarks at a Chicago housing conference
Explaining Versus Describing Economic Events
Businessmen themselves are confused as to why. They cannot make sense of why certain business practices that were profitable yesterday are losing money today.
The K-Shaped Economy Is Not In Your Imagination
Moody’s, Morgan Stanley, and the New York Fed agree on the shape of the thing: the economy has split in two
Crypto Market Rebounds As Bitcoin Reclaims $85,000
The cryptocurrency reached $85,229 before easing to around $84,256, up roughly 3.8%, according to CoinMetrics
Pakistan Reaffirms Unconditional Security Commitment To Saudi Arabia
The statement comes amid Houthi attacks and growing attention on new defense arrangements between Islamabad and Riyadh
Warren Buffett Leaves Berkshire Chairman Role After 60 Years
Buffett will become chairman emeritus, while his son Howard Buffett takes over
Tokenized Stocks Move Closer To US Markets Under New SEC Pathway
Under the five-year Innovation Exemption, token holders must receive the same rights as traditional shareholders, including dividends and voting privileges.
Democrats Gain Slight Edge In Senate Battle, Prediction Markets Show
Kalshi traders put Democrats’ chances of winning the Senate at 54%, while Polymarket traders put them at 59%.
OpenAI Delays IPO As Altman Backs AI Development Slowdown
The comments came as Anthropic CEO Dario Amodei urged AI companies to deliberately slow the pace of developing increasingly capable models