Friday links: corporate catering
Tadas Viskanta
Abnormal Returns
13 hours ago
2 MIN READ
HFT
- Jane Street Group crushed it in 2025. (bloomberg.com)
- HFT firms are investing big in compute. (wsj.com)
Prediction markets
- A Special Forces solider was arrested for insider trading on Polymarket. (wapo.st)
- Now Wisconsin is suing the major prediction market companies. (theblock.co)
- France is investigating an odd insider Polymarket-related case. (npr.org)
Private assets
- Private equity secondaries are now joined by tertiaries. (cashandcarried.substack.com)
- Funding raising for ‘digital infrastructure’ is off the charts. (pitchbook.com)
SpaceX
- The value of the SpaceX is a moving target, thanks to Elon. (aswathdamodaran.blogspot.com)
- An investment in SpaceX is a big bet on Elon. (newcomer.co)
AI
- Google ($GOOGL) is dropping $10 billion, at least, into Anthropic. (bloomberg.com)
- Meta ($META) and Microsoft ($MSFT) are doing big layoffs. (theguardian.com)
- Tae Kim talks with OpenAI cofounder and president Greg Brockman. (taekim.substack.com)
GLP-1s
- A Q&A with Dave Ricks, CEO of Eli Lilly ($LLY). (semafor.com)
- GLP-1 users are getting whipsawed by changes in insurance coverage. (npr.org)
- Hims ($HIMS) can now send prescriptions for all FDA-approved GLP-1s. (sherwood.news)
Hungary
- Hungary’s opposition won running against corruption. (thebulwark.com)
- How Hungary’s independent media outlasted Orban. (niemanreports.org)
Fertility
- Japan is subsidizing dating apps in the hopes of increasing fertility. (semafor.com)
- Fertility-wise, 40-year old mothers can’t make up for 20-year olds. (theargumentmag.com)
Economy
- “Jobless claims are currently the most positive of any US economic data being released.” (bonddad.blogspot.com)
- The immigration crackdown has done little to increase wages. (wsj.com)
Earlier on Abnormal Returns
- What you missed in our Thursday linkfest. (abnormalreturns.com)
- Longform links: gold’s hold. (abnormalreturns.com)
- Don’t miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
Mixed media
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