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As grandees of the investment world fall over themselves to warn of long-absent inflation up ahead, financial markets appear ever calmer about the risks of that new regime unfolding.
6 Min Read
LONDON (Reuters) - As grandees of the investment world fall over themselves to warn of long-absent inflation up ahead, financial markets appear ever calmer about the risks of that new regime unfolding.
Gas prices are seen after U.S. consumer prices surged in April, with a measure of underlying inflation blowing past the Federal Reserve s 2% target, in Beverly Hills, California, U.S., June 2, 2021. REUTERS/Lucy Nicholson
Is the post-pandemic inflation scare over already?
Thursday will likely see the United States record the highest consumer price inflation rate in 13 years - just shy of 5% - and the fastest rate since 1993 if food and energy prices are cut out.
Here in Scotland, hilarity greeted Standard Life Aberdeen plc’s rebranding as Abrdn plc. “Mdnss” tweeted Graeme Smith, former editor of Glasgow-based paper the Herald, summing up reaction in the financial services goliath’s homeland.
Significant pushback expected as Biden backs suspending patents on Covid vaccines
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Healthcare industry facing moral dilemma
How will Biden s decision on vaccine IP rights impact healthcare stocks?
Anna Fedorova
Many are predicting a bright future for biotech firms involved in the production of Covid-19 vaccines as they are rolled out across the globe, but US President Joe Biden s proposal that vaccine producers should temporarily waive patent protection has dampened this rosy outlook and is likely to result in significant pushback from firms in the sector.