My end-of-week morning practice WFH reads:
• Hotdogs and motorways: The ripples created by Denmark’s Ozempic and Wegovy increase: American demand for weight-loss medication is supercharging Denmark’s financial system and remodeling a small Danish neighborhood into an unlikely boomtown. (BBC)
• Microsoft’s New Majorana 1 Processor May 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 data in an unique state of matter, in what could also be a big 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 means of the “dinners” he refers to within the dialog. Each couple of months some civilized Wall Streeters, media individuals and economists get collectively for a dinner the place we plot international domination rigorously analyze international traits drink wine and inform unhealthy jokes. Chanos has come to a few of these dinners, and regardless of his fearsome popularity is charming, utterly approachable and one thing of a historic scholar (he’s been educating programs at Yale and Wisconsin.) (Paul Krugman)
• Wall Road Gamblers Get Crushed as Leveraged ETF Losses Hit 40%: Promoting pressures rise after disappointing financial stories; Bets tied to cryptocurrencies have been significantly laborious hit. (Bloomberg)
• Voters Had been Proper Concerning the Economic system. The Information Was Flawed. Right here’s why unemployment is larger, wages are decrease and development much less strong than authorities statistics recommend. (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 Desires to Present You the Hidden Actuality of the World: Ed Yong, the Pulitzer Prize-winning science author, was one of the trusted journalists protecting 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 battle it thought it had gained: On the third anniversary of Russia’s invasion of Ukraine, Vladimir Putin has purpose to have a good time. He has scripted a brand new ending to the Chilly Conflict by exploiting the hole between Western democratic beliefs and their apply. (Coda) see additionally Trump’s psychopathology and the suicide of a superpower: A delusion is a false perception that’s without delay 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 might be contagious, typically virulently so. Sometimes, 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 seems like a Mamet character, and because of Nathan Lane, he’s making his Broadway debut as one in “Glengarry Glen Ross.” (New York Occasions)
Make sure you try 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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