3 Key Takeaways * Supply chains are fragmenting and healthcare is no exception. * Energy, defense, and biotech are the new power plays. * Emerging markets aren’t collapsing, instead they’re repositioning. Geopolitics isn’t noise, it is the market Wars, sanctions, and shifting alliances redraw the global map of opportunity faster
Key Takeaways * Large diversified corporations risk losing strategic coherence amid competing lean business units. * Startups and spin-outs often benefit from focus, speed, and clearer capital allocation. * Fiduciary duties can delay structural change, even when such change may unlock long-term value. The Rise and Reassessment of the Conglomerate Model Conglomerates historically
3 Takeaways * AI attracts record sums because it is fast, visible, and narratively simple. * Sectors with long timelines or complex science — animal health, deep tech, climate, infrastructure — fight for attention. * Mispriced capital slows progress in industries critical to resilience. Venture capital often markets itself as the engine of disruption. But
Key Takeaways * BRICS trade in local currencies is rising but reserves still sit in USD. * De-dollarization is less about economics, more about negotiation power. * The euro’s stagnation proves how hard it is to rival the dollar. The headlines scream “the end of dollar dominance.” The reality is quieter, but
Key Takeaways * Ishiba’s resignation exposes the LDP’s true nature: a party defined by factions, not policy. * Three blocs — old guard, reformists, hardliners — are battling for control. * The outcome will determine Japan’s regional role at a moment of geopolitical volatility. Ishiba Falls, the System Remains Prime Minister Shigeru
Key Takeaways * AI’s ceiling isn’t chips — it’s electricity. Fortune * Data-centre power demand is set to more than double this decade. IEA+1 * The U.S., EU, and China face diverging energy realities — and geopolitical consequences. U.S. Energy Information AdministrationReutersClimate Energy Finance The signal: energy, not code
3 Key Takeaways * U.S. warships off Venezuela target cartels, not Caracas—yet regional alliances amplify pressure. * In Mexico, cartel wars have turned into open political conflict in the Senate. * Global rivals frame U.S. deployments as imperial overstretch, but allies quietly back them. Intro The United States is not
3 Key Takeaways * Powell’s Jackson Hole speech showed markets price politics, not policy. * U.S. warships off Venezuela prove power moves oil, not earnings. * Numbers look neutral, but they mask struggles over leverage. Numbers Are Never Neutral Markets appear mathematical: indexes, charts, percentages. But behind the digits are choices