What we’re reading (2/16)
“Stock Market Today: Dow, S&P 500, Nasdaq Futures Climb Into Shortened Week With AI Disruption Fears In Focus” (Yahoo! Finance). “ US stock futures ticked higher Monday night as investors looked to stabilize after back-to-back weekly losses for the broader market.”
“The 500-Year-Old Beretta Gun Dynasty Is Betting Big On The U.S.” (Wall Street Journal). “For 500 years the Beretta family has made guns in this Alpine valley. Now the world’s oldest defense company is taking aim at America’s largest firearms maker. The Italian company, run by the 15th generation of the founding family, has amassed a near 10% stake in rifle maker Sturm, Ruger & Co. as part of a broader strategy to win more business in the U.S. ‘Italy is our roots and our heart, but to make business in the U.S., the opportunity is amazing,’ Beretta Holding Chief Executive Pietro Gussalli Beretta said in an interview.”
“Should Drug Companies Be Advertising To Consumers?” (New York Times). “Should it be legal to market drugs directly to potential patients? This controversy, which has simmered for decades, has begun receiving renewed attention from both the Trump administration and legislators. The question has particular relevance for older adults, who contend with more medical problems than younger people and are more apt to take prescription drugs. “Part of aging is developing health conditions and becoming a target of drug advertising,” said Dr. Steven Woloshin, who studies health communication and decision making at the Dartmouth Institute.”
“Who Is Paying The Trump Tariffs?” (Paul Krugman). “The evidence that foreigners aren’t paying the tariffs, which means that Americans are, is rock-solid. And the seemingly mild impact on measured inflation (the qualifier “measured” is important) isn’t a mystery once you do the math. Conventional economic analysis says that the tariffs should have pushed consumer prices around 1 percent higher than they would otherwise have been. Parsing the data to isolate the tariffs’ effect suggests that they have in fact raised prices by something close to that amount.”
“There’s A Grim New Expression: ‘AI;DR’” (Futurism). “The internet is so overrun with AI that anywhere you go, you run the risk of accidentally stepping into a puddle of slop. If only there were a gallant gentleman always at hand to drape their coat over these muddy obstacles so you could avoid ruining your day.”
