Gold Isn't Returning... Confidence Is Leaving

Restaurants Face GLP-1 Squeeze As Adopt-Or-Die Inflection Arrives Bernstein's latest GLP-1 tracker has Eli Lilly's Mounjaro leading script growth, with downstream effects compounding pressure on the restaurant industry already facing weakening consumer confidence, as gas prices nationwide remain above a politically sensitive $4 a gallon in late summer. Turning to UBS's latest note on the restaurant industry, Dennis Geiger, who covers U.S. restaurants and consumer discretionary names, wrote in a note on Sunday that restaurant investors are struggling to identify opportunities across the space amid sharp share-price volatility, weakening consumer confidence, growing uncertainty...

Los Angeles Is Painting Its Streets To Fight Heat Waves Researchers found that coating more than 700,000 square feet of asphalt in a Los Angeles neighborhood with a solar-reflective material helped reduce urban heat, though the benefits came with limitations, according to the Times of India. The project, conducted in Pacoima in the San Fernando Valley and published in Environmental Research Communications, covered roads, parking lots, playgrounds, and basketball courts with a reflective coating designed to bounce sunlight away instead of absorbing it. During a September 2022 heat wave, afternoon air...