Tuesday links: inconsistent time horizons
FinanceSuccessful SPAC stories, like DraftKings ($DKNG), are few and far between. (sportico.com)Softbank continues to trade at a big discount to its NAV. (ft.com)AlternativesThe Wellington, Vanguard, and Blackstone alternatives hookup is disappointing. (riabiz.com)Retail-focused alternative vehicles are buying secondary stakes. (ft.com)Citi ($C) is selling its wealth alternatives platform to iCapital. (thinkadvisor.com)CryptoTexas is the national epicenter of Bitcoin mining, putting pressure on water and energy resources. (texasobserver.org)Robinhood ($HOOD) is buying WonderFi to expand into Canada. (betakit.com)Big $TRUMP holders have gotten what they wanted, have sold down their positions. (nytimes.com)Weight loss drugsIn a trial, Zepbound bested WeGovy on weight loss. (newatlas.com)CVS Health’s Caremark ($CVS) is removing Eli Lilly's Zepbound from its formulary. (nytimes.com)GLP-1 agonists are effective at reducing visceral fat. (theatlantic.com)Why people feel the need to lie about their Ozempic use. (theguardian.com)EnergyBig Oil is increasingly offshoring specialized engineering and geologist jobs. (wsj.com)At these prices, nobody is itching to drill more in the U.S. (paulkrugman.substack.com)EconomySome certainty on tariffs provides a moment of relief. (disciplinefunds.com)In April, still no sign of a sustained pickup in CPI. (bonddad.blogspot.com)Why equalizing global pharma prices will lead to less innovation. (marginalrevolution.com)The math on comparative advantage is pretty straightfoward. (econlib.org)Earlier on Abnormal ReturnsResearch links: an imperfect hedge. (abnormalreturns.com)What you missed in our Monday linkfest. (abnormalreturns.com)Adviser links: something to avoid. (abnormalreturns.com)You can now follow up on Bluesky. (bsky.app)Don't want to miss a thing? Sign up for our daily e-mail newsletter. (abnormalreturns.com)Mixed mediaWhy foreign scientists in the U.S. are frightened. (nytimes.com)When a lack of shame is a superpower. (danieldrezner.substack.com)Not from the Onion. (cnn.com)
Finance
- Successful SPAC stories, like DraftKings ($DKNG), are few and far between. (sportico.com)
- Softbank continues to trade at a big discount to its NAV. (ft.com)
Alternatives
- The Wellington, Vanguard, and Blackstone alternatives hookup is disappointing. (riabiz.com)
- Retail-focused alternative vehicles are buying secondary stakes. (ft.com)
- Citi ($C) is selling its wealth alternatives platform to iCapital. (thinkadvisor.com)
Crypto
- Texas is the national epicenter of Bitcoin mining, putting pressure on water and energy resources. (texasobserver.org)
- Robinhood ($HOOD) is buying WonderFi to expand into Canada. (betakit.com)
- Big $TRUMP holders have gotten what they wanted, have sold down their positions. (nytimes.com)
Weight loss drugs
- In a trial, Zepbound bested WeGovy on weight loss. (newatlas.com)
- CVS Health’s Caremark ($CVS) is removing Eli Lilly's Zepbound from its formulary. (nytimes.com)
- GLP-1 agonists are effective at reducing visceral fat. (theatlantic.com)
- Why people feel the need to lie about their Ozempic use. (theguardian.com)
Energy
- Big Oil is increasingly offshoring specialized engineering and geologist jobs. (wsj.com)
- At these prices, nobody is itching to drill more in the U.S. (paulkrugman.substack.com)
Economy
- Some certainty on tariffs provides a moment of relief. (disciplinefunds.com)
- In April, still no sign of a sustained pickup in CPI. (bonddad.blogspot.com)
- Why equalizing global pharma prices will lead to less innovation. (marginalrevolution.com)
- The math on comparative advantage is pretty straightfoward. (econlib.org)
Earlier on Abnormal Returns
- Research links: an imperfect hedge. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: something to avoid. (abnormalreturns.com)
- You can now follow up on Bluesky. (bsky.app)
- Don't want to miss a thing? Sign up for our daily e-mail newsletter. (abnormalreturns.com)