Bloomberg Merck & Co.’s cancer treatment Keytruda was almost twice as successful at shrinking lung cancer tumors than a standard chemotherapy regimen, a study of the drug in previously untreated patients found. In the 123-patient study, 55 percent of those on Keytruda plus two chemotherapy drugs saw their tumors get smaller, compared with 29 percent on just the chemotherapy ...

  Bloomberg Unlike many pension investors, Sweden’s 300 billion-krona ($34 billion) AP7 fund, can to a large extent stay away from the bond markets. It’s manager, Richard Grottheim, is remarkably positive. As political risk mounts in Europe and the U.S., and as central banks are greasing financial markets with ever more free cash, Grottheim says it will likely all work ...

  Will Brexit be hard or soft? The question preoccupies British politicians and commentators — not to mention global currency markets, if the sharp fall in sterling this week is any guide. Despite its command of the discussion, however, this hard-or-soft framing is unhelpful. It’s best dropped altogether. Sterling slumped after Prime Minister Theresa May announced on Oct. 2 that ...

  General-election debates rarely cause major changes in voters’ choices. That’s what political scientists believe for the most part. Yet after the first presidential debate, on Sept. 26, Hillary Clinton moved back into a strong lead over Donald Trump. Indeed, according to the FiveThirtyEight forecasts, her chances of winning bottomed out on that very day (at 55 percent), and have ...

There had been hope the U.S. jobs report for September released on Friday would show faster wage growth and a rising labor participation rate. It had both, though the data was otherwise mixed. After the disappointing drop for August, wage growth picked up to an annualized rate of 2.6 percent in September. Along with an increase in the number of ...

  The world is in the grip of surging protectionism. The anti-free trade and anti-globalization sentiments are taking deep roots. Populism is swaying the masses. The odds seem to be conspiring against an already fragile economic growth. International Monetary Fund (IMF) warns of “low growth trap” in the next few years. Despite warnings and calls to stop the tide of ...

  Michelle Obama has spent a long time building a “kitchen garden” for the White House, intended as an example to the nation of local eating and healthy food. Now that she’s leaving the White House, she doesn’t want to see it wither away. Politico reports: Obama on Wednesday afternoon will formally unveil a much bigger version of the garden ...

  Blue Apron, the leading meal-delivery startup, pitches itself as “disruptive tech,” but a recent BuzzFeed article shows that the tech is what’s being disrupted. This company is at the mercy of physical-world constraints just like the brick-and-mortar businesses it’s competing with. As tech looks to muscle its way into more parts of the economy, this may become a theme. ...

  Tyler Cowen Hillary Clinton thinks U.S. corporations live for the short-term, obsessing over the next quarterly earnings statement to the neglect of their longer-run prospects. That’s a common criticism and the evidence to support it includes testimonials by corporate chief executives, a variety of corporate scandals and high and rising corporate discount rates on future cash flows. Still, it’s ...

  AFP Major technology firms are racing to infuse smartphones and other internet-linked devices with software smarts that help them think like people. The effort is seen as an evolution in computing that allows users to interact with machines in natural conversation style, telling devices to tend to tasks such as ordering goods, checking traffic, making restaurant reservations or searching ...