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January 26, 2026 22:48 (London Time)

Eli Lilly and Company

Richard Thaler and Alex Imas on The Winners Curse - The Big Picture Home Invest with Barry Speaking with Barry Ritholtz. The author of a new book on behavioral economics argues that priming is the bedrock. The Federal Reserve is less a steward of full employment and stable prices than it is a serial bubble blower. Rishi Sunak joins Goldman Sachs as a Senior Advisor. A new video of the Pretti killing has emerged of the ICE agent pepper-spraying Alex Pretti in Maine. The only way for our elected leaders to make any impact is to be willing to break laws and gum up the works. Rybars says conditions inside the US are destabilizing by leaps and bounds. The Guardian is OK with Gaza, with Ukraine, and mostly OK with what happened in Venezuela. But threaten NATO and of course, now, the world order is in jeopardy. The term Blue Monday continues to appear each January in the media and in ad campaigns. Data for 2025 will become available at the end of February, at which point I will post my annual “Power Generation by Source” article: https://wolfstreet.com/2025/02/27/demand-for-electricity-takes-off-us-power-generation-in-2024. Consumer spending rose by 0.3% for the month, and by 2.6% from a year ago. Spending on nondurable goods, adjusted for inflation, jumped by.5% in November from October and by 3.0% year-over-year. Tesla lost market share for the second year in a row in 2025 in California, but its Model Y was still the #1 bestselling model. Tesla is  enteringDone ethics 425 executives Phelps forecasts credibleembPinterest Eisen Holder Jeffry Frieden: The second administration of President Donald Trump has remade American trade policy. Jeffry Lake and I survey the historical context for the Trump Administrations trade strategy. Chicago leads all major markets with a 5.8% annual price gain, followed by New York at 5.0% and Cleveland at 4.1%. Fracking is now being deployed to unlock hard-to-reach. Madisonthat Tigers ACE Bened 384 BrookWare sexually registration son erase diamond subduaml Discrimination against White men rose significantly in America starting in the mid-2010s, and especially after 2020, especially in universities and the entertainment industry. Architecture firm billings declined every month of 2025. Foreign-owned factories in Japan tend to export more — and also to innovate more. Greenfield FDI can help counter that increasing insularity, by bringing foreign researchers and managers into Japan. Tourism boom has deepened foreigners love of Japanese food, art, culture. Noah Smith: Where does a liberal go from here? Our movement overreached and crashed. Only Elon has built China-like manufacturing businesses in America. Stronger growth can keep the Fed cautious and keep real yields elevated. Bitcoin payments startup ZBD has raised $40 million in a Series C funding round. Blockstream Capital led the round by $36 million, according to CEO Simon Cowell. Bitcoin trades bleed cash during these toxic hours because market depth is a total illusion. The real $12.6 trillion opportunity isnt equities, says SEC Chair. Lista DAO achieved its highest TVL of over $4.5 billion, leading the staking market with nearly 50%. UBS is reportedly evaluating partnerships with third-party providers that could handle trading execution, custody, and compliance. Bitcoin dropped 6.7% over the past week and is currently trading at around $89,000. Kansas lawmakers propose state-run bitcoin and digital assets reserve fund. Ledger has enlisted Goldman Sachs, Jefferies, and Barclays to lead a U.S. IPO with Goldman Sachs. Merkle Manufactory, the company behind decentralized social protocol Farcaster, will refund venture investors. Axie Infinitys reward token, AXS, is up 7.6% today, trading at $2.88. President Donald Trump has warned that there will be “no more oil or money” flowing to Cuba. The U.S. and Europe are both facing critical transformer shortages. Trilateral U.S.-Ukraine-Russia talks described as constructive and are expected to resume on February 1 in Abu Dhabi. Russia continues battlefield offensives and maintains demands for Ukrainian withdrawal from Donbas. Canada appears to be trying to diversify its trading partners.
Sector: Pharmaceuticals
Ticker: LLY
Sentiment: -0.8794
MarketCap: 307.99B
High: 1084.32 Low: 1063.02

Open: 1083.5 Close: 1064.29 Change: -19.21

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January 26, 2026 15:00 (London Time)

Novartis AG

Richard Thaler and Alex Emos discuss behavioral principles. Chicago leads all major markets with a 5.8% annual price gain, followed by New York at 5.0% and Cleveland at 4.1%. Average American consumes 227 pounds of meat per year while global average is 75 pounds. Wages & salaries in private-sector industries rose by 3.9% year-over-year to annual rate of $11.2 trillion. Government wages & salaries accounted for 6.8% of pre-tax personal income. Fannie and Freddie to buy back $200 billion in MBS, about the maximum they can buy back under legal limitations. Average listing prices climbed to $50,465, up 1.2% year over year and rising through late December to end the month 2.2%. Luxury models over $75K turn at just 63 days, the fastest in the market. Local law enforcement does not have the power to intervene in federal operations. U.S. needs to retain technological edge to balance out its productive weakness. China is eagerly rushing toward that robotic future. Some argue that selling China H200s will maintain Americas technological advantage. A new poll shows Americans now disapprove of ICE. USYC holds $1.69 billion in assets under management compared to BUIDLs $1.684 billion, a gap of roughly $6.14 million, or 0.36%. Mortgage lender Newrez explored counting Bitcoin and ETH toward mortgage qualification, applying discounted valuations to account for crypto volatility. President Trump said he hopes to sign the crypto market structure.
Sector: Pharmaceuticals
Ticker: NVS
Sentiment: 0.9723
MarketCap: 186.91B
High: 148.1 Low: 145.26

Open: 145.63 Close: 147.14 Change: 1.51

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January 26, 2026 7:22 (London Time)

Capital One Financial

Capital One Financial announced Thursday that it will acquire fintech Brex in a deal valued at $5.15 billion. The half-cash and half-stock deal is expected to close in mid-2026. Big money is buying gold and other precious metals in size in size. Barry Ritholtz: The top 1% of households now hold almost one-third of the nations wealth. Dambisa Moyo: The rise of AI follows a fundamentally different competitive logic than earlier technological revolutions. There is money to be made in middle class anxiety. China Shock 2.0 is where China is aggressively contesting the innovative sectors where the U.S. has long been the unquestioned leader. A complex, diversified economy tends to grow faster than one that focuses on a single narrow range of industries. China reveals 200-strong AI drone swarm that can be controlled by a single soldier. The days when California could just bomb its residents with high housing costs and high taxes, might be ending. Self-Custody is becoming a durable component of institutional crypto architecture. The more Trump makes it clear that America is not what it used to be, the more likely capital flight becomes. SharpLink plans to ultimately hold 5% of the ETH circulating supply. North Sea upstream oil and gas sector in 2026 will be shaped by falling investment, continued M&A activity, regional divergence in Norway and the UK. Falling LNG prices could potentially work in the favour of producers.
Sector: Consumer Finance
Ticker: COF
Sentiment: 0.9165
MarketCap: 42.11B
High: 227.06 Low: 216.82

Open: 223.79 Close: 217.3 Change: -6.49

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