The world’s biggest bond market just doesn’t know what to do with the prospect of an all-out trade war instigated by the US. On one side, there’s a strong argument that tariffs among the largest economies will stifle the global expansion and push yields in the $15 trillion Treasury market lower. Those concerns are appearing in the price of copper, ...

Many Americans still think of the US economy as increasingly dominated by knowledge and technology workers. In fact, when it comes to jobs growth in this decade, blue-collar industries have outpaced service industries, and the trend is accelerating. Tariffs may amplify this trend — making the US economy more like China’s economic model. Throughout the economic expansion in the 1980s ...

Antibiotics might be the most important medicines we have. They treat everything from dirty cuts to rapidly mutating superbugs that make a stay at a hospital an increasingly scary proposition. With new strains of drug-resistant and potentially deadly bacteria continuing to emerge, it’s essential from a public-health perspective that the antibiotic pipeline remains robust. But instead, big pharmaceutical companies are ...