"Not only is it now almost at parity with the US but it has that growth trajectory. It wouldn’t be sensationalist to suggest that China will overtake the US in the next few years purely in terms of numbers of drugs that it’s bringing through into its pipeline.".

Andy Roddick: "The biggest joke I've watched in professional tennis."

Thank you to @realDonaldTrump for the opportunity to serve this great country. Our future as a nation is incredibly bright, and I am humbled to be able to play a small part in helping ensure this path to further greatness!.

Malkiel seems to have forgotten that Swensen wrote an entire book for individual investors telling them to stick with low-cost publicly traded funds; he never counseled other than the most sophisticated institutions to invest in alts. via @WSJopinion.

Who would've thought that a boring topic such as private equity marks could all of a sudden become so scintillating? via @WSJ.

What is wrong with @Columbia - lying on their US News stats to boost their ranking?

POTUS filling out his "5 (ok, 6) things I did this week" email: (1) Neutralized Iranian nuclear threat; (2) Implemented ceasefire in the 12 Day War; (3) Successful 1:1 with Bibi to preserve said ceasefire; (4) Convinced NATO countries to increase defense spending to 5%; (5) Got.

Oops

Congrats to @sanofi and @formationbio on the start of a great partnership.

Power Laws everywhere.

I'm guessing not too many Iranians have accepted this offer: "Police chief Ahmad Reza Radan urged spies for Israel to turn themselves in to receive 'Islamic clemency.'" - via @FT.

RT @ashleevance: It’s my understanding that three of the four members of the All In podcast were allowed to invest in Anduril’s latest roun….

Oh geez - the last time Gurley thought something was "interesting" in the IPO market, he endorsed SPACs. That turned out well :).

RT @jaltma: Not sure I've ever learned more in 100 minutes than I did talking to @pmarca on Uncapped. We covered the future of venture cap….

Shocking - "None of the 73 economists in Bloomberg’s survey predicted a core reading as low as 0.1%."

This will be fascinating to watch if we get past the motion to dismiss - via @FT.

"NAV squeezing" is the latest reminder for private fund investors that "marks" are just marks - focus on cash (aka DPI), not on unrealized marks!

Exhibit 1 in the "nobody can actually forecast anything so you should just ignore sell-side market strategists" argument.

FDA "AI Reviewer" comes to life - enormous implications for getting drugs to market more quickly and less expensively. Real leadership by @DrMakaryFDA.

RT @washingtonpost: Correction: We’ve deleted the post below because it and early versions of the article didn’t meet Post fairness standar….