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Hail Masayoshi, fearless veterinarian for unicorns

A week ago, SoftBank Group Corp.’s Masayoshi Son was talking about walking away from his planned Uber investment. Son said he may instead invest in Uber Technologies Inc.’s biggest rival, Lyft Inc. If both stocks were publicly traded, one could imagine Uber plummeting, and Lyft rising. Most people saw those comments for what they were: a negotiating ploy by Son ...

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Big banks need to know what they’re doing

“Know thyself,” goes the Delphic maxim. You might think it superfluous advice for the world’s biggest banks — that the executives responsible for global finance would insist on a complete picture of the risks they’re running. Yet the crash almost a decade ago showed they didn’t know enough. And even now, their investment in self-awareness falls short. When financial markets ...

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It’s finally time to make the Pacific a bit bigger

As President Trump prepared to wrap up his 12-day trip to Asia on November 13, ears in local capitals have picked up a subtle but unmistakable change in messaging from the US administration. The shift focuses on an apparently innocuous term: ‘the Indo-Pacific.’ US national security adviser H.R. McMaster introduced the president’s itinerary to reporters as “a great opportunity to ...

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