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Family offices of billionaires invested heavily in biotech startups in August, with companies like Duquesne Family Office backing gene therapy ventures and Bezos and Gates-affiliated firms participating in major funding rounds.
The Japanese yen surged over 2% against the dollar this week amid expectations that the Bank of Japan will raise interest rates, reaching its highest level in a month.
Save the Children reports that oil price shocks from Middle East conflict have cost the charity $13 million in increased aid delivery expenses, preventing it from reaching 1.5 million additional children globally.
Congress delayed federal restrictions on hemp-derived THC beverages for another month, pushing the deadline to December. The category has grown rapidly but faces uncertainty as distributors hesitate to stock inventory.
The world’s billionaire population reached a record 3,795 people in 2025, with combined wealth surging 12.8% to $15.1 trillion, driven largely by artificial intelligence sector gains.
Bank of England Governor Andrew Bailey warns that populist politicians pose a serious threat to central bank independence and argues institutions must better explain their decisions to the public.
