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Pimco's Top-Performing 60/40 Fund Bets AI's Next Winners Are In Asia, From Chips To Rare Earths Emmanuel Sharef, who oversees Pacific Investment Management Co.'s flagship Balanced Income and Growth Fund, spoke with Bloomberg about how the next leg of the artificial-intelligence boom could be concentrated in Asian stocks and beyond.  Wealthy clients in Taiwan, Hong Kong, Singapore, and mainland China have been piling into the $19 billion fund, which has outperformed 97% of its peers during the past three years. The fund is underweight most hyperscalers and members of the Magnificent Seven...

Ukraine is using a drone developed by an American company to identify targets inside Russia.  Ukrainian forces say the V-BAT drone developed by ShieldAI is the most effective for collecting intelligence far from the front lines. “One of its biggest advantages is its range,” the drone operator said. “Because the V-BAT can observe from long […]

Canada Is Poaching America’s Top Scientists Canada is taking advantage of growing uncertainty within the US academic system by offering hundreds of millions of dollars to researchers willing to move north, according to Bloomberg. The Canadian government has committed C$504 million, or roughly $362 million, to support 64 scientists and scholars joining universities across the country. Three quarters of the recruits currently work in the United States, many at institutions including Harvard, MIT and the University of North Carolina. The remaining researchers are arriving from a dozen other countries, including China,...