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Europe’s blistering heatwave is ruining this year’s harvest

Bloomberg Looking out over his parched fields south of Berlin, dairy and grains farmer Thomas Gaebert is wishing for rains to save his crops after relentless hot weather. He is one of many farmers battling for survival after a heatwave and drought swept across northern parts of the continent, damaging crops from wheat to barley. Many German growers could go ...

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The game theory and Trump’s trade strategy

Financial markets were of two minds last week about the impact of mounting trade tensions between China and the US. On the one hand, the escalating tit-for-tat tariffs still affect only a relatively small part of the two countries’ economies. The consensus baseline remains that the measures should not have a significant and lasting downward impact on the economy and ...

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Big pharma’s metabolism is slowing down

The biggest players in pharma and biotech firms are in a rut, and even a heroic earnings season might not be enough to lift it out. The broader environment is positive: The Trump administration’s drug-pricing push is for now more sound than fury, the economy is humming, and new treatments are being approved at a rapid clip. And of course ...

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