Thursday links: the Bitcoin backlash

Quote of the Day "If Bitcoin is a protest against the power of the modern state, protestors are about to find out just how powerful that state really is." (Joseph S. Moore) Markets - Can the market absorb more IPOs? (marketwatch.com) - Rising Treasury rates make for better competition for stocks. (tmcresearch.com) - The stock market is calm on the surface, churning underneath. (axios.com) Prediction markets - Is Wall Street going to go all-in on prediction markets? (economist.com) - Catherine Rampell and Justin Wolfers talk prediction markets. (youtube.com) - The downsides of letting people bet on drug clinical trial outcomes. (abundanceandgrowth.org) Weight loss drugs - Eli Lilly ($LLY) is on track to file for approval for retatrutide. (biopharmadive.com) - We don't have great data on the use of GLP-1 use with the elderly. (scientificamerican.com) - Anhedonia seems to be a side-effect of GLP-1 use. (gizmodo.com) Stay in touch - Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com) - Do you in wealth management? Sign up for our advisor-exclusive Talking Wealth newsletter. (talkingwealthpod.com) Energy - Brent is once again above $100 a barrel. (econbrowser.com) - There's no relief in sight for global oil supplies. (wsj.com) - Agriculture runs on diesel. That's a problem. (nytimes.com) - How the war has affected fertilizer prices. (reuters.com) - Europe still has a natural gas problem. (semafor.com) Economy - Weekly intial unemployment claims are at multi-decade lows. (bonddad.blogspot.com) - There is always churn in the jobs market. (theargumentmag.com) Earlier on Abnormal Returns - Longform links: knowing stuff. (abnormalreturns.com) - What you missed in our Wednesday linkfest. (abnormalreturns.com) - Personal finance links: buying back time. (abnormalreturns.com)