{
  "id": 4706295,
  "title": "Monday links: the cost of money",
  "url": "https://urgent.news/2026/08/31/monday-links-the-cost-of-money",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T18:04:28.000Z",
  "source": {
    "name": "Abnormal Returns",
    "slug": "abnormal-returns",
    "url": "https://abnormalreturns.com/2026/08/31/monday-links-the-cost-of-money/"
  },
  "original_language": "en",
  "account": "Health care stocks are reaching all-time highs. While momentum can change rapidly, investors should remain cautious. T-bill ETFs are gaining popularity, but it's essential to understand their basics. Niche ETF sponsors are being acquired by larger players, indicating a trend in the industry.\n\nThe Teucrium Wheat Fund, a specialized ETF, has an interesting history worth exploring. Prediction markets have evolved, with Kalshi teaming up with Alpaca to expand their reach. However, legal challenges may arise as this case could potentially end up in the Supreme Court.\n\nGeorge Santos received a lifetime ban from Kalshi for his involvement in prediction markets. Private equity firms are actively investing in construction and engineering companies, sensing potential growth in these sectors. The private jet infrastructure industry is attracting significant attention from PE investors.\n\nIn the pharmaceutical sector, the FDA has approved Mounjaro, a drug aimed at reducing heart event risks. Eli Lilly is expanding its portfolio by acquiring Merida Biosciences, a biotech startup. Revolution Medicines has developed a new pancreatic cancer drug, but its cost raises questions about accessibility and affordability.\n\nGrocery prices are expected to rise, with companies still saying inflation is far from over. The Iran war's cost is being analyzed to determine its impact on each American. Electricity is becoming increasingly important as the \"new oil\" in various industries.\n\nLastly, Abnormal Returns discusses various topics, including the custody shift in wealth management, AI detectors, and the importance of a firm's writing policy in the age of AI.",
  "summary": "Markets Health care stocks are at all-time highs. (trendlabs.com) The momentum trade can unwind quickly. (wsj.com) ETFs What you need to know about T-bill ETFs. (advisorperspectives.com) Why niche ETF sponsors keep getting snapped up. (pionline.com) A look at the history of the Teucrium Wheat Fund ($WEAT). (philbak.substack.com) Prediction markets Kalshi has teamed up with Alpaca to push…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}