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Why is Summit Therapeutics stock surging today?
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Why is AstraZeneca stock rallying today?
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Sterling today: Pound slips as oil-fuelled dollar demand builds
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The U.S. should be ‘more confident’ and less worried about losing ground to China, says Peking University expert
The U.S.-China rivalry has produced an “over-securitization of almost everything,” a leading Chinese strategist said Tuesday, adding that the current moment echoes the period leading up to the Second World War. “In technological innovation, the U.S. has many opportunities and should be more confident in competing [with China],” Yu Tiejun, president of Peking University’s Institute…
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The bill has come due. But no one wants to pay for climate mitigation
Last week, business leaders, investors and climate advocates gathered in New York for Climate Week. As with its sister conference in June, London Climate Action Week, the proceedings unfolded against an increasingly grim backdrop. Innumerable meetings and closed-door sessions on buzzy terms like ‘resilience’ and ‘mobilizing capital’ took place just weeks after UNEP reported that exceeding 1.5ºC of warming…
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Historically, stocks have offered a big premium over bonds. Suddenly, the difference has almost vanished
One of the best signals for when stocks are a great or poor deal is a metric called the Equity Risk Premium. It measures the market’s estimate of the future returns you can expect over the next decade from the S&P 500 versus what you’d garner from shouldering a lot less risk (and sleep far…
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The man who looked into the ‘actual beating heart’ of the financial system—and saw something ‘profoundly dangerous’
In October 2021, Robin Wigglesworth was several years into his stint as the Financial Times‘ global finance correspondent, based out of his native Norway, when he released Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever. At the time, the Wall Street Journal called it a “magisterial, delightfully…
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Billionaire oil tycoon Harold Hamm donates $150M to the University of Oklahoma to help study a cause that’s personal to him: diabetes
More than 40 million Americans live with diabetes, according to the American Diabetes Association. One of them is billionaire oil tycoon Harold Hamm, who just donated $150 million to the University of Oklahoma to study the disease he was diagnosed with in his 50s. “I’ve spent my life believing that when you see an opportunity…
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He was Disney’s most junior employee when he rewrote the CEO’s op-ed. Now he’s a CEO, with advice for Gen Z: ‘Don’t really ask for permission’
In the early 2000s, Josh Simon was fresh out of Harvard and working his first corporate job at the Walt Disney Company. As the most junior person on his team, he didn’t expect much interaction with Disney’s CEO, Michael Eisner. But Simon had a skill that came in handy: Having written for The Harvard Crimson,…