From The City Of Angels To The City Of Zombies...

Key Events This Week: Jobs, ISMs, Fed Speakers And More Earnings On Deck The week ahead will be dominated by the US labor market, with the JOLTS report tomorrow, the ADP employment survey on Wednesday, and building up to Friday’s July employment report. Beyond the US, investors will be watching Swiss inflation today, Swedish inflation on Thursday, German activity data throughout the week (culminating in trade and industrial production figures on Friday), Chinese PMI releases on Wednesday ahead of trade data on Friday, and Japanese wage data and BoJ communications...

The Big Pharma Psychedelic Buyout Spree Has Begun Submitted by QTR's Fringe Finance Massive validation for psychedelics…not as drugs, but as investments could be moments away. Just months after I argued for the millionth time that psychedelic drug developers were likely to become acquisition targets as the sector gained legitimacy, it looks like the first major domino may finally be falling. According to a Bloomberg report published moments ago, Eli Lilly is in talks to acquire AtaiBeckley, one of the leading developers of next-generation psychedelic therapies. While nothing is finalized, Bloomberg reports a deal could...

At least one Indian seafarer was killed when a commercial ship was attacked in the Strait of Hormuz on Wednesday, AFP has reported, citing statements from Oman and India. Oman’s Maritime Security Center said in a post on X that the Cape Dao, a bulk carrier flying the flag of Antigua and Barbuda, was struck […]