Driving into the Future

   Recently, videos showing Tesla owners seemingly immersed in Apple's new Vision Pro VR headset while driving have garnered over 40 million views.

   U.S. Transportation Secretary, Pete Buttigieg, has warned this is extremely dangerous and that all driving assistance technologies still require the driver to be alert and ready to take control.

   Meanwhile, Apple has warned the Vision Pro, blending digital content with real-world views, is not meant to be used while driving.

Source: Read More

Credit Standards Still Tight

   The Federal Reserve has indicated that US banks have implemented more stringent credit standards in the last quarter, with a slight recovery from previous tightening.

   Only 14.5% of banks increased loan constraints, marking a decrease from 33.9% in the prior quarter and the lowest rate since 2022.

   Conversely, bond prices fell as market data suggested robust economic activity and the Fed appeared reluctant to declare inflation under control.

   You see, yields on 10-year Treasuries rose, diminishing expectations of interest rate cuts in March and May.

Source: Read More

Boeing's Next Crisis is Here

   Boeing is grappling with dual challenges on both production and workforce fronts.

   The International Association of Machinists and Aerospace Workers is now demanding a 40% pay raise over the next few years.

   Meanwhile, Boeing's latest production concern involves misdrilled holes found in the fuselage of the 737 Max.

   Approximately 50 jets are affected and require significant rework, which threatens to further delay the troubled aircraft's deliveries.

Source: Read More

Psychedelics at the Crossroads

   As the world witnesses a remarkable surge in interest for psychedelic substances for mental health treatments, a complex picture unfolds.

   Companies are vying to patent components of these ancient substances used by indigenous cultures.

   Investors are drawn by projections of the industry reaching over $10 billion.

   As firms like Compass Pathways seek patents on the ayahuasca experience, the future of this transformative drug seems uncertain, with fears of it becoming an inaccessible specialty medication.

Source: Read More