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Friday links: not-so average returns

Bonds

  • Bond market volatility is muted. (mrzepczynski.blogspot.com)
  • Ezra Klein talks with Robin Wigglesworth, author of "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World.", about the bond market. (podcasts.apple.com)

Speculation

  • Speculators have always existed, how they trade has changed. (wsj.com)
  • G. Elliott Morris talks with Rajiv Sethi about how prediction markets work. (gelliottmorris.com)

Gambling

  • MLB players are increasing being targeted by disgruntled gamblers. (nytimes.com)
  • How one gambling addict relapsed after discovering Kalshi. (bloomberg.com)

Finance

  • Zero-coupon convertible bonds are all the rage these days. (ft.com)
  • What a combined Victory Capital-First Eagle will look like. (morningstar.com)
  • On the many flavors of semi-liquid alternatives funds. (pitchbook.com)

Pharma

  • Revolution Medicines’ ($RVMD) drug Rasonque was approved to treat pancreatic cancer. (wsj.com)
  • Eli Lilly's ($LLY) retatrutide isn't even on the market yet, but knocks are already for sale. (axios.com)
  • How cancer treatments could change if the Moderna-Merck results hold up. (barrons.com)

Stay in touch

  • Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
  • Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Food

  • Why its so hard to avoid Taylor Farms. (cnbc.com)
  • The cyclospora outbreak is hitting overall veggie sales. (fooddive.com)
  • What IS safe to eat these days? (theringer.com)

Commodities

  • Why wheat prices are at a three-year high. (semafor.com)
  • Why timber prices are falling in the American South. (wsj.com)
  • A look at dwindling America's strategic petroleum reserves. (nytimes.com)

Ukraine

  • As important as Ukraine's drones are, it's software may be more impactful. (nytimes.com)
  • What U.S. medics are learning from Ukraine's experiences. (businessinsider.com)
  • How tanks became obsolete because of drones. (nytimes.com)

Economy

  • Why is the PCE outpacing CPI of late? (newsletter.mikekonczal.com)
  • Corporate profits as a share of national income hit a record high. (ft.com)
  • Just how much is AI driving higher productivity? (agglomerations.eig.org)

Earlier on Abnormal Returns

  • What you missed in our Thursday linkfest. (abnormalreturns.com)
  • Longform links: entertaining the reader. (abnormalreturns.com)

Mixed media

  • One of the best restaurants in the world still has struggles. (chicago.suntimes.com)
  • How wagyu took over America. (wsj.com)
  • Why 'Top Chef' persists. (thedailybeast.com)