I go to work in the morning train WFH wrote:

• Billionaire Mark Cuban Opens Online Pharmacy to Offer Affordable Generic Drugs The company is a registered pharmaceutical wholesaler that sources medicines directly from manufacturers, cutting prices on more than 100 medicines, bypassing middlemen. CEO Oshmyansky pitched Cuba the idea of ??a low-cost generic drug company in a grim email. It was launched last January. Part of their motivation was “Pharma Bro” Martin Shrkeli, the CEO of Turing Pharmaceuticals, who raised the price of the life-saving drug Daraprim from $13.50 to $750 a tablet.Forbes)

• From Target to Supreme, Branding’s latest obsession is collaboration Brand partnerships used to be discreet, targeted — even idiosyncratic. But with the subculture thriving, no new collaboration is too comical. (Bloomberg)

• The market is an expensive place to find out who you are. Netflix has seen a 70% increase in subscribers, tripled its revenue, quintupled its revenue, and kept its market cap the same. Investors don’t care what you do, they care what they think you will do. Investors drove all the growth through 2018. They do this by assigning inflated multiples to their fundamentals. And today, like all growth stocks, Netflix is ??being reassessed. (irrelevant investor)

• Busting the myth that private companies have little data Investors are “absolutely invisible” to unicorns, but the market for data and information is dynamic and growing — at least for some, the SEC said. (corporate investor)

• The Most Expensive Real Estate Sales in America in 2021 Marc Andreessen’s $177 million Malibu dream home topped last year’s luxury home buying list. Check out other luxury properties in Palm Beach, Hamptons and beyond. (Forbes) see also The housing market has to make some concessions. or it? It doesn’t look like the price hike will ease anytime soon: “It’s not a bubble, it’s a fundamental problem.” (New York Times)

• Canonical DeFi Crash Course: Crypto Markets Since 2017 Finally, all arrows point to the DeFi <> TradFi convergence as we stand on the scaffolding of the old fiat market structure up and forward. (Noapignon)

• Automakers say they won’t let Tesla steal the truck race They are deploying electric Silverados and F-150s to defend the most profitable segment of their market. (Work Week)

• ‘China will be China’: Why journalists take their burnt phones to the Beijing Olympics. Journalists covering the Winter Olympics next month said they would use brand new phones and laptops for work in Beijing. When the game is over, they simply leave them behind or throw them away. Why: Journalists are concerned that any device they use there could be infected with tracking software, allowing Chinese authorities to monitor its content. So use a “burner” phone and computer. (Washington post)

• The case for a better way to vote Question polls make America look very liberal. Combining party confidence polls will help explain why Republicans won the election. (grid)

• Nuclear test monitor says Tonga volcano explosion is ‘biggest thing we’ve ever seen’ A volcanic eruption in Tonga on Saturday appeared to dwarf the biggest nuclear explosion ever recorded, according to a global group monitoring atomic tests. The shock wave from the explosion was so powerful that it was detected as far away as Antarctica, said Ronan Lebras, a geophysicist at the Comprehensive Nuclear-Test-Ban Treaty Organization in Vienna, Austria, which oversees an international network of remote monitoring stations. . (NPR)

Be sure to check out our Master of Business interview Portfolio Manager this weekend with Tina Vandersteel, Head of GMO’s Emerging Countries Debt Team GMOsforeign currency and local currency debt portfolio. Before joining GMO in 2004, she worked in fixed income research at JP Morgan, developing quantitative arbitrage strategies for emerging debt and high yield bonds.

All the biggest environmental risks facing the world’s largest cities

source: Work Week

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