Companies Increasingly Fear Backlash Over Their AI Work
Until now businesses have assumed that leveraging cutting-edge technology was inherently a good thing. That’s no longer the case. #press
The Real Horatio Alger and 'The Life of Julia'
Why is Alger remembered in America for espousing a message he never espoused? #press
The Morning Risk Report
A former Allianz executive loses bid to toss fraud charges, and Elon Musk withheld Twitter data to ‘cozy up’ to Donald Trump, judge suggests. Also, Neogen says Iran sanctions probe concluded without a fine. #press
https://createsend.com/t/d-711B691D9D3913482540EF23F30FEDED?utm_source=press.coop
Treasury Yields Keep Pushing Higher
Treasury yields advanced in early trading, as prices fell. Stock futures were up slightly. #press
https://www.wsj.com/articles/treasury-yields-keep-pushing-higher-5a4243af?utm_source=press.coop
Plant-Based Plastics Gain Favor as Companies Pursue Sustainability Goals
Bioplastic production is growing at a record clip amid strong demand from fashion and food-packaging companies, in particular. #press
A cost-cutting drive by Google's parent, Alphabet, is intensifying for a group of its businesses including Verily Life Sciences.
A cost-cutting drive by Google’s parent, Alphabet, is intensifying for a group of its businesses including Verily Life Sciences. #press
An appeals panel ruled that the FDA improperly expanded access to the abortion pill mifepristone over the past seven years but left in place the drug's original approval, teeing up the issue for review by the Supreme Court.
An appeals panel ruled that the FDA improperly expanded access to the abortion pill mifepristone over the past seven years but left... #press
Most Fed officials backed an increase in interest rates last month but some saw rising risks that they might raise rates too high, underscoring growing caution about further increases, minutes show.
Most Fed officials backed an increase in interest rates last month but some saw rising risks that they might raise rates too high, underscoring... #press
The yield on the 10-year U.S. Treasury note hit a 15-year high, threatening steeper costs for many borrowers and raising concern on Wall Street about the potential fallout in the stock, bond and housing markets.
The yield on the 10-year U.S. Treasury note hit a 15-year high, threatening steeper costs for many borrowers and raising concern on Wall... #press
Bidenomics and the New Political-Subsidy Economy
Government is steering investment now through the Inflation Reduction Act, at the cost of future growth. #press
Doctors Transplanted a Pig Kidney Into a Person a Month Ago. It's Still Working.
A genetically modified pig kidney transplanted into a brain-dead person has worked for 32 days and counting, advancing efforts to use animals to ease perennial shortages for humans. #press
https://www.wsj.com/articles/pig-kidney-transplant-medicine-research-7e75dbab?utm_source=press.coop
Investors Need to Worry About the Bond Market's Return to Normality
The market’s best guess at the real, after-inflation, cost of money is back within the range of what once counted as normal. America has put the era of low rates behind it. Can it cope? #press
The A's Don't Just Want to Leave Oakland. They Want to Leave Moneyball Behind, Too.
In an interview, team president Dave Kaval says the team hopes revenue from a new stadium will help it pay more for players than its famous cost-conscious strategy. #press
https://www.wsj.com/articles/oakland-mlb-las-vegas-moneyball-7fbd2fb1?utm_source=press.coop
Tencent's Net Profit Climbs, Driven by Advertising Recovery
Tencent Holdings’ second-quarter net profit climbed 41%, thanks to a recovery in various business lines, led by online advertising. #press
These Travel Companies Send the Ultra-Rich to the Edges of the World
Extreme adventure companies send travelers to the heights of space and the most inhospitable places on earth. Despite the risks and costs, which can total over $100,000, business is booming. WSJ explains how these companies are capitalizing on an appetite for adventure. #press
Is It Time to Worry About Consumer Debt? What Is Going on in Seven Charts
Consumers are still flush with cash but are more often falling behind on some payments, making for a complex picture. #press
Moscow Shows Scant Interest in Swapping Gershkovich for Russians Held in U.S.
Efforts at a trade for Americans including Wall Street Journal reporter Evan Gershkovich involving a third country have hit hurdles, prompting new attention to options in the U.S. #press
Eurozone Industrial Output Books Surprise Growth
The eurozone’s industrial production rose 0.5% in June, defying an expected decline, despite sluggish output in the bloc’s largest economies. #press
Institutional Asset Managers Pare Back Demand for Duration But Remain Positive
Over the past few months, institutional asset managers have pared back their demand for duration, although they remain somewhat bullish, Deutsche Bank said. #press
Race to Control Electric-Vehicle Supply Chains Leads to Africa
To bypass China, Western companies are investing in facilities to process battery metals in countries such as Tanzania, Mauritius and South Africa. #press