Fungus Used As “Himalayan Viagra” Could Be Wiped Out By Overharvesting And Climate Change

A parasitic fungus that infects caterpillars in the Himalayas had been a fixture in traditional Chinese and Tibetan medicine for centuries, but overharvesting and a warming climate has put the unique organism – and the people who depend on it for their livelihoods – in jeopardy. Harvested after the fungus…

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International growth, primarily in China, fuels the VC market today

The venture capital business model has gone global. VC is still an exclusive club of financiers, but now with worldwide scope and scale. According to Crunchbase projections Crunchbase News reported in Q3 2018, worldwide VC deal and dollar volume each set new all-time records. In the U.S. and Canada, deal volume…

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Alibaba goes big on Russia with joint venture focused on gaming, shopping and more

Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture valued at around $2 billion with one of the country’s leading internet companies. Russia is said to have over 70 million internet users, around half of its population, with countless more attracted from Russian-speaking neighboring…

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RIP, American Empire: Weekend Edition

  RIP. soundtrack to “Sorry to Bother You” by The Coup (explicit lyrics ahoy). This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the ten most popular stories Bloomberg Opinion published this week, based on web readership, with some other stuff thrown in. New subscribers to the…

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Yuan Gains After PBOC Move, Asian Stocks Climb: Markets Wrap

The yuan extended gains following a rally triggered by a surprise China central bank move to make it more expensive to bet against the currency. Asian stocks advanced Monday as the earnings seasons rolls on. The offshore yuan built on gains from Friday when the People’s Bank of China announced…

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Elon Musk Stumbles Into a Good Point

Today’s Agenda Tesla really should just go private. America’s health-care system is at stake in the midterm elections. The Trump administration is blowing its AT&T/Time Warner appeal. Starbucks thinks China will come out of the trade war in good shape. Maybe job tenure shouldn’t just be a thing for college…

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Security News This Week: A Devastating Report on the CIA’s Deadly Mistakes in China

There's no such thing as summer vacation in security, and researchers started off this week by disclosing a problematic flaw in Intel processors that undermines the company's so-called secure enclave offering, and potentially other capabilities like virtual machines. A different group of analysts realized that they could potentially take a…

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Hong Kongs IPO Takeoff Is Running Out of Runway

Brace, brace. Hong Kong’s IPO takeoff is going to come to a screeching halt. There’s a flood of deals still in the pipeline, it’s true, from food delivery giant Meituan Dianping to biotech unicorn Innovent Biologics Inc. But investor fatigue is setting in, with many of the hot sales that helped to reignite the…

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