Guidance

• The FDA approved updated 2026-2027 COVID-19 vaccines targeting the XFG variant on August 27, with doses shipping immediately to pharmacies, hospitals, and clinics. • While the vaccines are now physically available across the country, federal eligibility guidance remains unsettled, leaving uncertainty regarding who qualifies for the shots. • This rollout is critical for maintaining immunity against evolving strains, though clarity on insurance coverage and specific recipient criteria is still missing.

Uber and Wayve had said they would start trips ‘later this summer’ but launch now looks unlikely this yearThe rollout of robotaxis on the streets of London is unlikely to happen this year, as regulatory and technical hurdles push back the ambitious schedule set out by the UK government.Only weeks ago Uber and London-based Wayve were granted the first minicab licences in the capital to allow them to offer self-driving taxi rides to paying customers – but with a human safety driver in place, for now – and said they would start trips “later this summer” before a full public launch. Continue reading...

• Federal Reserve Chairman Kevin Warsh has implemented a leaner communications strategy since taking office in 2026, eliminating forward guidance and shortening FOMC statements. • The new approach shifts the central bank's focus toward current economic conditions rather than signaling the future trajectory of interest rates. • Investors are expressing concern that this lack of transparency and predictability may create market volatility or come at a financial cost.

• The Federal Reserve decided to hold interest rates steady during its most recent meeting, though the decision was met with significant internal opposition. • In a rare move not seen since September 2016, three Fed members voted against the hold in favor of an interest rate hike. • This level of dissent has sparked investor speculation regarding whether the central bank will pivot toward a rate increase at the next gathering in September.

• T-Mobile US stock is trading near record highs as the company focuses on its 2025 earnings guidance and the integration of its UScellular acquisition. • The company's strong market position is currently supported by rising profitability and robust free cash flow generation throughout 2024 and into 2025. • Investors are closely monitoring key performance indicators, including profit margins, customer addition rates, and overall cash flow.

• Investors and analysts are criticizing Federal Reserve Chairman Kevin Warsh for failing to provide clear guidance on how he would react to various economic challenges. • Warsh has intentionally obscured his policy framework to avoid signaling future interest rate movements, leaving policymakers and markets without a predictable roadmap. • This lack of transparency is seen as problematic because it prevents Wall Street from understanding the specific economic triggers that would prompt a shift in Fed strategy.

Training document used to teach inspectors updated after campaign by celebrities including Chris PackhamOfsted, the body responsible for safeguarding in education in England, has dropped guidance for inspectors that linked autism and extremism after an outcry from celebrity campaigners.An education minister has disclosed that an updated training document “no longer includes reference to children with autism” after claims that it was “offensive” and “clumsy” discrimination. Continue reading...