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Harvard Fund Discloses $2.2 Billion Stake in Musk’s SpaceX

Harvard Management Co. disclosed a $2.2 billion stake in SpaceX, showing how the university’s endowment has profited from an early bet on Elon Musk’s giant rocket company. Janet Lorin, Bloomberg News Higher Education Reporter, discusses the disclosure and what it signals for other university investments. (Source: Bloomberg)

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UK Inflation Jumps to 2.9% as Energy Bills Bite

Inflation has leaped up following the reset of the energy price cap, official data has revealed, marking the likely beginning of a long run of increases in price growth.

  • UK inflation rises to 2.9% in July, up from 2.6%
  • Energy bills and raw material costs drive price increases
  • Chancellor John Healey says economy remains resilient

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