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Finance & Markets

Connecticut Surplus Deposits to State Pensions Top $11B

Bloomberg's Martin Braun joins Scarlet Fu on "Bloomberg Deals." Connecticut transferred about $1.3 billion in excess revenue this latest fiscal year to underfunded state employees’ and teachers’ pensions, bringing surplus deposits to more than $11 billion over the last seven years, state Treasurer Erick Russell said Tuesday. (Source: Bloomberg)

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Protein Prices Rise on Weight-Loss Drugs and Weak Yen

Protein powder prices are rising sharply in Japan as booming overseas demand for whey, partly linked to the growing use of weight-loss drugs, combines with the weak yen to make the key ingredient…

  • Protein powder prices surge in Japan due to high overseas demand from weight-loss drugs.
  • Meiji, a major food manufacturer, raises prices by up to 28% and reduces product amounts.
  • Weak yen worsens situation by reducing Japan's purchasing power in international markets.

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