My end-of-week morning prepare WFH reads:
• Hotdogs and motorways: The ripples created by Denmark’s Ozempic and Wegovy growth: American demand for weight-loss medication is supercharging Denmark’s financial system and remodeling a small Danish group into an unlikely boomtown. (BBC)
• Microsoft’s New Majorana 1 Processor Might Remodel Quantum Computing: The processor makes use of qubits that may be measured with out error and are proof against exterior interference, which the corporate says marks a “transformative leap towards sensible quantum computing.” (Wired) see additionally Microsoft simply claimed a quantum breakthrough. A quantum physicist explains what it means: Researchers at Microsoft have introduced the creation of the primary “topological qubits” in a tool that shops info in an unique state of matter, in what could also be a major breakthrough for quantum computing. (The Dialog)
• A Dialog with Jim Chanos: It’s the golden age of fraud, and different observations: I knew Chanos by way of the “dinners” he refers to within the dialog. Each couple of months some civilized Wall Streeters, media folks and economists get collectively for a dinner the place we plot world domination rigorously analyze world developments drink wine and inform unhealthy jokes. Chanos has come to a few of these dinners, and regardless of his fearsome repute is charming, fully approachable and one thing of a historic scholar (he’s been instructing programs at Yale and Wisconsin.) (Paul Krugman)
• Wall Road Gamblers Get Crushed as Leveraged ETF Losses Hit 40%: Promoting pressures rise after disappointing financial studies; Bets tied to cryptocurrencies have been significantly exhausting hit. (Bloomberg)
• Voters Had been Proper Concerning the Economic system. The Knowledge Was Unsuitable. Right here’s why unemployment is larger, wages are decrease and development much less sturdy than authorities statistics counsel. (Politico)
• Elon Musk’s enterprise empire is constructed on $38 billion in authorities funding: Authorities infusions at key moments helped Tesla and SpaceX flourish, boosting Musk’s wealth. (Washington Publish)
• Ed Yong Needs to Present You the Hidden Actuality of the World: Ed Yong, the Pulitzer Prize-winning science author, was some of the trusted journalists masking Covid-19. His immersion within the pandemic left him depleted, and the pure world helped act as a salve to that despair. (New York Occasions)
• How the West misplaced the conflict it thought it had gained: On the third anniversary of Russia’s invasion of Ukraine, Vladimir Putin has motive to rejoice. He has scripted a brand new ending to the Chilly Battle by exploiting the hole between Western democratic beliefs and their follow. (Coda) see additionally Trump’s psychopathology and the suicide of a superpower: A delusion is a false perception that’s directly held with nice conviction and impervious to revision, irrespective of the power of the opposite proof. These affected by delusions understand their false beliefs to be self-evident and immutable truths. It has lengthy been acknowledged that delusions will be contagious, generally virulently so. Usually, there’s a dominant particular person—the “inducer”—who’s the supply of the delusions. (The Cosmopolitan Globalist)
• 6 Cognitive Distortions That Gasoline Nervousness in ADHD Brains: From catastrophizing to psychological filtering, cognitive distortions negatively affect the way you view occasions, conditions, others, and your self. (Additude)
• Invoice Burr Is About to Hit Broadway. Broadway Higher Duck. The acerbic comedian appears like a Mamet character, and due to Nathan Lane, he’s making his Broadway debut as one in “Glengarry Glen Ross.” (New York Occasions)
You should definitely take a look at our Masters in Enterprise interview this weekend with Melissa Smith of J.P. Morgan, the place she is co-head of economic banking. Beforehand, she was co-Head of Innovation Economic system and Head of Specialised Industries,. She has been with JPM Chase for greater than 20 years, working with founders, entrepreneurs and startups.
Extra proof that US shares are affected by a momentum unwind, not a development scare
Supply: Sherwood
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