First Prediction Market Note Offers Nvidia Bets With Less Risk

Investors who like the binary bets on Kalshi and Polymarket but without the all-or-nothing risk are being offered an unlikely new asset: a bond-like note tied to prediction market outcomes. London-based Marex Group Plc created and sold the first instance of this new...

Private Credit’s Implosion

President Donald Trump’s speech last night about Iran did little to change the current market dynamic. That will change in time. But the real challenge to market indexes goes beyond rising oil prices. In the background, the festering pool of bad private credit deals...

Singapore Reports First Domestic Spread of Mutated Mpox Strain

Singapore said a mutated monkeypox strain has spread locally for the first time, marking a new emergence of the potentially deadly virus in Asia while it continues to spread through Africa. Two men aged 30 and 34 are in stable condition after “likely being infected...

OpenAI Is Falling Out of Favor With Secondary Buyers

OpenAI shares have fallen out of favor on the secondary market — in some cases becoming almost impossible to unload — as investors pivot quickly to Anthropic, its biggest competitor. Even as OpenAI raced in recent months to raise tens of billions of dollars, Next...

Top Gulf Aluminum Producer EGA Halted Output After Iran Strike

Emirates Global Aluminium, the Middle East’s top producer of the metal, halted operations at its Al Taweelah smelter after the site was struck by Iranian missiles and drones over the weekend, according to a person familiar with the matter. The smelter on the outskirts...