Quote of the Day
"I believe it would be best if we stopped telling ourselves that tech titans are oracles of anything other than tech itself."
(Adam Lashinsky)
Threads
- Casey Newton, "To Zuckerberg, the concept [Threads] has been proved out. The rest is simply an execution problem." (platformer.news)
- Threads is still very much a Meta ($META) product. (honest-broker.com)
- Prior social media companies were built on the fly. Threads can avoid that problem. (theatlantic.com)
AI
- Meta ($META) is open-sourcing LLaMA 2. (technologyreview.com)
- Future AI models may end up getting trained on AI-generated content. (om.co)
- Hollywood strikes are, in part, about the prospects of AI use. (axios.com)
Space
- Viasat's new $700 million communications satellite is likely a full write-off. (arstechnica.com)
- SpaceX is expected to double revenue in 2023. (theinformation.com)
Finance
- Banks are having to boost deposit rates to hold onto deposits. (bloomberg.com)
- Are leveraged loans securities? (institutionalinvestor.com)
- The market for auto loans is tightening. (ft.com)
Pharma
- Novartis ($NVS) is spinning off its generic drug division. (bloomberg.com)
- An experimental Eli Lilly ($LLY) drug is useful in the early stages of Alzheimer's disease. (thedailybeast.com)
- Add J&J ($JNJ) to the list of companies suing the administration over Medicare drug price negotiations. (cnbc.com)
Fund management
- How AI will affect parts of the investment industry including financial advisors. (morningstar.com)
- Index construction has changed over time. (morningstar.com)
- Strive Asset Management is toning down its anti-woke agenda. (semafor.com)
Global
- Canada's consumer inflation rate dropped below 3%. (bnnbloomberg.ca)
- Conglomerate IHC dominates the Abu Dhabi stock market. (wsj.com)
- China is not panicked, yet, about economic growth. (economist.com)
Economy
- Industrial production fell in June 2023. (bonddad.blogspot.com)
- National homebuilder confidence ticked up in July. (calculatedriskblog.com)
- What caused pandemic-era inflation? (papers.ssrn.com)
Earlier on Abnormal Returns
- Research links: the promise of outperformance. (abnormalreturns.com)
- What you missed in our Monday linkfest. (abnormalreturns.com)
- Adviser links: something to look forward to. (abnormalreturns.com)
- Are you a financial adviser looking for some out-of-the-box thinking? Then check out our weekly e-mail newsletter. (newsletter.abnormalreturns.com)
