Days after the Japanese Ministry of Finance – and the US Treasury – intervened in FX markets to prop up the yen, the cabinet approved a plan to cut the sales tax on food for two years.

...the strong start to August has already been met with significant retail monetization across cash equities and options.

"These alternative sources should help mitigate supply..." 

The agency requires more data to prove efficacy for over 65s, but has licensed the first mRNA-based flu shot in the United States for those aged 50-64.

A different kind of "Epic Fury" erupts on the home front..

“I. Drink. Your. Milkshake. I drink it all up...”

 The task force wants Congress to hand governors the discretion to issue migrant work permits at the state level...

"I demand that she be shut down for treason against France!"

“We’ve had a few days now of positive reactions from investors across corporates and especially technology. But another large debt deal will still test the depth of that and be worth watching.”

Who wins - open or closed-weights models - and what does the world look like in each scenario?

“The era of getting rich off the backs of our programs for our sick, elderly and disabled is over,”

“We took the steps that were necessary to fight another day,”

After ADP's disappointing job additions, it appears the 'low hire, no fire' economy is entrenched.

North America revenue missed bigly...

The bond market is indeed everything, and what it is telling you far more honestly than the Fed or BoJ is that your fiat money is consistently losing absolute purchasing power in plain sight...

"Until a more positive development in the Middle East is confirmed, and ahead of tomorrow’s important US employment data, markets have taken a wait-and-see stance"

"Guidance beat but got no bid, classic."