YOUTUBE (Fox Business) - July CPI report will dictate what the Fed will do next, market expert says #shorts
UBS managing director Jason Katz argues we have a ‘data dependent’ Fed and chairman.
AXIOS (Caitlin Owens) - How AI is making health care even less affordable
AI is already making health care more expensive, and it's probably only going to get worse. Why it matters: For all of the ways AI could meaningfully improve patients' lives, making care more affordable isn't one of them. Driving the news: PwC on Thursday estimated that medical costs will go up by 9% in the employer market next year, and by 8.5% in the individual market. One of the largest drivers is providers' use of AI-enabled software and scribes that more thoroughly document the care that's delivered. - Such tools are being used "to capture greater billing complexity, and plans are absorbing the cost," per the report. - PwC said the financial impact isn't so much due to people using more medical services as "changes in coded…
NYTIMES (Scott Reyburn) - Top-End Auction Sales Help Pull Global Art Market Out of Slump, Study Says
The top drivers included a $2.2 billion auction week in New York and strong fall fairs, according to the annual Art Basel and UBS report.
AXIOS (Madison Mills) - The AI trade is swallowing the market
AI is concentrating stocks, bonds, private credit — and even the broader economy — around a single bet. Why it matters: Tech companies are projected to issue over $1 trillion in debt to fund their AI goals this year. Yet there's little evidence the technology can be monetized at a scale that justifies the bet . State of play: Hyperscalers — the AI data-center giants — could spend up to $700 billion from their balance sheets on AI this year, while issuing eye-popping debt to access even more capital, according to UBS. - The eight largest companies, all tech firms with AI ambitions, make up nearly half of the S&P 500. - More than half of invested venture-capital dollars went to AI firms in 2025, per PitchBook. - Private credit…