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Crypto
- Every big company seemingly wants their own stablecoin. (wsj.com)
- Companies are following a Bitcoin treasury model because it works, for now. (ft.com)
- Another day, another Bitcoin-focused company. (theblock.co)
Private equity
- There’s really one reason why private equity managers are going down market. (riabiz.com)
- On the growth in search funds. (blogs.cfainstitute.org)
AI
- The Meta ($META) ‘investment’ in Scale AI is done. (arstechnica.com)
- Apple ($AAPL) is not convincing on its AI efforts. (spyglass.org)
Pharmaceuticals
- How pharmacy benefit managers (PBMs) work. (theincidentaleconomist.com)
- U.S. universities play a big, and increasing, role in drug discovery. (statnews.com)
- Telehealth companies are now combining popular medicines into single pills. (sherwood.news)
Europe
- Even European companies are reluctant to list on European exchanges. (economist.com)
- Europe needs to rethink its approach to defense. (adamtooze.substack.com)
Trade
- Vietnam has a lot to lose in a trade war. (ft.com)
- Want ‘Made in the USA’ clothing? It’s likely made by an immigrant. (gq.com)
Congress
- Members of Congress are trading stocks like crazy. (wsj.com)
- How much information is there in Congressional stocks trades? (ft.com)
Earlier on Abnormal Returns
- Podcast links: lessons learned. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: time and effort. (abnormalreturns.com)
- Everyone in life (and investing) is running their own race. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Mixed media
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