Bridgewater loses 5.6% 📉, Iran talks this weekend 🇮🇷, OpenAI discovers drugs 💊

OpenAI has developed advanced models to assist in drug discovery within the life sciences field, marking a significant technological advancement in the pharmaceutical industry.

Axios · 3 minute read

Netflix exceeded profit expectations in Q1 with $12.25 billion in revenue and adjusted earnings per share of $1.23. Despite the successful quarter, the stock fell 8% due to disappointing Q2 guidance, and co-founder Reed Hastings announced plans to leave the board in June.

Yahoo Finance · 3 minute read

US President Donald Trump announced a ceasefire agreement between Israel and Hezbollah in Lebanon and mentioned that a new round of talks with Iran might occur over the weekend. Iran has agreed to prevent the development of nuclear weapons as part of ongoing negotiations, which are being mediated by Pakistan.

Or · 2 minute read

British Prime Minister Keir Starmer is under pressure to resign after it was revealed that Peter Mandelson was initially denied security clearance and eventually fired as U.K. ambassador to the U.S. due to undisclosed ties to Jeffrey Epstein. Starmer has been criticized for allegedly misleading Parliament about the appointment process, leading to a criminal investigation into Mandelson, who was arrested and released on bail.

Apnews · 3 minute read

Macro hedge funds in China, including Bridgewater Associates' All Weather Plus strategy, faced significant losses in the past month due to market volatility caused by the Iran conflict, with macro funds averaging a 6.3% loss in March. Discretionary funds performed worse, losing on average 10.3% in the first quarter, posing challenges for these funds in attracting investors despite a slight recovery in markets due to optimism over US-Iran talks.

Com · 5 minute read

A top-performing China fund is outperforming most of its peers by focusing its investments on artificial intelligence and the healthcare sector, which are expected to deliver strong future growth.

Ndtvprofit · 3 minute read

Drone maker AEVEX said on Thursday that it had raised $320 million ​in its U.S. initial public offering after ‌pricing shares at $20 each. The Solana Beach, California-based company sold 16 million shares within its ​indicated price range of $18 to $21 apiece.

TradingView · 1 minute read

The International Energy Agency's chief, Fatih Birol, stated that restoring oil and gas production affected by the Iran war may take up to two years, as damage to oil fields, refineries, and pipelines across the Persian Gulf and the closure of the Strait of Hormuz have significantly disrupted supply. The conflict has already reduced oil production by up to 13 million barrels per day, and challenges in repair and restarting operations are delaying the return to pre-war output levels.

Oilprice · 2 minute read

Asian refiners are increasingly purchasing US crude to mitigate supply shortages due to the war in Iran and the near closure of the Strait of Hormuz, disrupting flows to the region. With at least 60 million barrels of US Gulf crude bought for May loading, American oil exports have reached record highs, a trend expected to continue as alternatives to Middle Eastern oil remain scarce.

Indiatimes · 4 minute read

The conflict in the Middle East has severely impacted the global LNG market, causing significant price increases and forcing Asian countries to reconsider their reliance on LNG for energy strategies. The near-closure of the Strait of Hormuz and damage to Qatar's LNG export capabilities have disrupted supply, leading to a shift towards alternative energy sources like renewables and coal across several Asian nations.

Straitstimes · 5 minute read

India's rupee has emerged as the strongest performer among Asian currencies, bolstered by developments in oil markets and the implementation of a foreign exchange management window.

Theedgesingapore · 3 minute read

Deutsche Bank and Wells Fargo suggest the dollar's rally as a safe haven is ending due to a ceasefire between the US and Iran, leading investors to move towards riskier assets. The dollar's recent gains have diminished significantly, and global investors are increasing their hedging against the dollar as potential Federal Reserve interest rate cuts remain a factor.

Yahoo Finance · 3 minute read

Crypto-native hedge funds are broadening their investment strategies to include commodities and equities, capitalizing on the continuous operation of 24/7 trading platforms.

Hedgeweek · 3 minute read

Bitcoin's funding rates have dropped to a -0.005% seven-day moving average, the most negative since 2023, suggesting a potential market bottom as historically such signals have preceded price rebounds. Despite the negative rates, Bitcoin's price has risen from $60,000–$65,000 to around $75,000, with the high volume of short positions possibly fueling future gains.

Kucoin · 3 minute read

Charles Schwab is considering supporting prediction markets focused on financial events but plans to avoid topics like sports, politics, and pop culture. Additionally, the firm announced plans to offer Bitcoin and Ethereum trading in the coming weeks with competitive fees and potential future expansions.

Decrypt · 3 minute read