What Would Robert Louis Stevenson Say About Ozempic?

Last week’s CPI report, and this week’s PPI report both showed price inflation surging to multi-year highs, and not just on oil prices.

The Case For Air Conditioning Is Growing In Britain A recent spell of extreme heat has intensified debate over whether UK homes should be designed with built-in cooling systems, according to FT. Air conditioning remains uncommon in Britain, with fewer than 5% of homes equipped with it, reflecting a long-standing view that cooling is a luxury rather than a necessity. FT writes that current building standards favor passive methods of controlling indoor temperatures, such as insulation, shading, and natural ventilation. Developers generally prioritize these measures, arguing they are more energy-efficient and better...

Wall Street Keeps Testing AI Traders, But Most Are Still Underperforming Recent trading competitions suggest large language models are still unreliable portfolio managers, according to Bloomberg. Tests involving models from OpenAI, Anthropic, Google, and xAI have often delivered underwhelming results: many lost money, traded excessively, and made erratic decisions despite receiving identical prompts. In several cases, models appeared unable to stick to coherent strategies for more than a few trading sessions. Bloomberg writes that one of the clearest examples came from Alpha Arena, a competition created by startup Nof1. Eight models were...