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 medicine is supercharging Denmark’s economic system and reworking a small Danish neighborhood into an unlikely boomtown. (BBC)
• Microsoft’s New Majorana 1 Processor Might Rework 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 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 fastidiously analyze international developments drink wine and inform unhealthy jokes. Chanos has come to a few of these dinners, and regardless of his fearsome fame is charming, fully approachable and one thing of a historic scholar (he’s been instructing programs at Yale and Wisconsin.) (Paul Krugman)
• Wall Avenue Gamblers Get Crushed as Leveraged ETF Losses Hit 40%: Promoting pressures rise after disappointing financial studies; Bets tied to cryptocurrencies have been notably arduous hit. (Bloomberg)
• Voters Had been Proper Concerning the Financial system. The Information Was Incorrect. Right here’s why unemployment is increased, wages are decrease and progress much less strong 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 one of the vital trusted journalists overlaying 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 struggle it thought it had gained: On the third anniversary of Russia’s invasion of Ukraine, Vladimir Putin has motive to have a good time. He has scripted a brand new ending to the Chilly Battle 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 directly held with nice conviction and impervious to revision, regardless 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. Usually, there’s a dominant particular person—the “inducer”—who’s the supply of the delusions. (The Cosmopolitan Globalist)
• 6 Cognitive Distortions That Gasoline Anxiousness 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 to 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 Financial 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 progress scare
Supply: Sherwood
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