"Seven of the 10 largest IPOs slid double digits in their first year of trading, even if a handful of them impressed in their initial debuts." 🍗 - @callieabost
https://t.co/zzxbAWxtHz
BREAKING: The DOJ has opened investigations into admissions policies at 3 major medical schools, Stanford University, Ohio State University, and the University of California, San Diego.
The DOJ is demanding "extensive lists" of data by April 24th or federal funding will be cut.
Helping the Heartland 🤝❤️🩹
Nebraska Athletics announces that all ticket proceeds from Nebraska's Spring Football Game presented by FNBO to aid Nebraska wildfire relief efforts.
🔗 https://t.co/MhFYgmWiEh
The US is facing a major cattle shortage:
US cattle and calves inventory is down to ~85 million, the lowest since 1951, according to the USDA.
The herd has shrunk by ~45 million from the 1975 peak of ~130 million and ~10 million since 2020.
As a result, beef and veal prices rose +15% YoY in January, marking one of the fastest increases in the food basket.
By comparison, chicken prices rose just +1.1%, while milk prices were roughly unchanged.
At current herd levels, even if ranchers begin expanding, the new supply would not reach grocery shelves until 2028 at the earliest.
The US cattle crisis is driving beef inflation to unprecedented levels.
Timeline:
• Last month: Kevin Hern, a member of the House Subcommittee on Health, sold up to $500,000 of $UNH stock
• Today: The Trump administration proposed flat Medicare reimbursement rates and the company missed guidance, sending the stock down ~19%
Trying to kill the Fed’s independence by criminal investigation is not good for that institution, and maybe even worse for the Justice Department. Feels like an attempt at murder-suicide….
BREAKING: Tomorrow is Warren Buffett's last day as CEO of Berkshire Hathaway.
Buffett took the stock from $19/share in 1965 to $750,000/share today, up +3,950,000%.
Congratulations to the best investor of all time.
Ending the ban on powerful AI chips to China will backfire, costing America more than we gain financially. By selling the very tools China needs to out-compete us, we undermine our own national security.