News From the Control Tower - 7/13/2022
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. Fed Up With China, One Boss Tries Removing It From the Supply Chain
Designer perfume maker Inter Parfums is shifting production to U.S., but some suppliers are unsure how long it will last
2. Long Covid Is an Elusive Target for Big Pharma
The drug industry quickly developed Covid-19 vaccines and treatments, yet treatments for the post-viral illness known as long Covid are nowhere close to being developed
For outfits that call for more than your typical undergarments, there’s tape.
4. Gas Prices Are Going Down. Has Anybody Noticed?
Experts increasingly say people just want to complain.
5. Founders of bankrupt crypto hedge fund 3AC go missing, as investors try to recoup assets
Lawyers representing 3AC’s creditors say the physical whereabouts of Zhu Su and Kyle Davies are “currently unknown.”
Bonus: NASA reveals Webb telescope's new images of stars, galaxies and an exoplanet