Quote of the Day
"The U.S. economy is no longer dominated by agriculture. So why do we still observe financial crises around harvest time?"
(Owen Lamont)
Strategy
- Why you should expect the market take a breather. (carsongroup.com)
- What should you do (or not) about market seasonality? (acadian-asset.com)
Private assets
- Why the inclusion of private assets into 401(k) plans was likely inevitable. (morningstar.com)
- There's nothing magic about private credit. (axios.com)
- By definition, private markets are less transparent and opaque. (slate.com)
GPT-5
- GPT-5 is here. (engadget.com)
- OpenAI is simplifying its offerings. (theatlantic.com)
- OpenAI can now compete with Anthropic on coding tasks. (axios.com)
- Apple ($AAPL) Intelligence will add GPT-5 to iOS. (9to5mac.com)
- A short (positive) review of GPT-5. (marginalrevolution.com)
- A deeper look at GPT-5. (oneusefulthing.org)
Streaming
- Netflix ($NFLX) won. Everyone else is just trying to stay in the game. (slate.com)
- Disney+ and Hulu will soon be on the same tech platform. (engadget.com)
- What's behind Netflix's ($NFLX) push into live programming? (nytimes.com)
mRNA Vaccines
- RFK Jr. has cancelled grants for mRNA vaccine research. (npr.org)
- Cutting research on mRNA vaccines will leave us less prepared for the next pandemic. (arstechnica.com)
- mRNA platforms would be key in the face of bioterrorism. (statnews.com)
- mRNA vaccines for HIV trigger strong immune responses. (nature.com)
- It's only a matter of time before mRNA research into cancer will be shuttered. (noahpinion.blog)
Tariffs
- What exactly are countries offering up as trade concession? (theatlantic.com)
- Why the tariffs could end up being permanent. (nytimes.com)
- Why the rapid turnaround on India? (bloomberg.com)
Earlier on Abnormal Returns
- Podcast links: the right to privacy. (abnormalreturns.com)
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: environmental contagion. (abnormalreturns.com)
- Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
