📌 Streaming video no longer impresses investors, so media companies need a next act. It may be time for streaming services to introduce more out-of-the box ways to grow subscribers. Netflix’s dramatic share plunge in January may put more pressure on legacy media companies to show growth.
📌 Blackstone Tees Up $11 Billion in Fresh Capital for Asia Deals. Blackstone is doubling down in Asia despite increasing risks from inflation and geopolitical tension.
📌 China Picks Cities, Entities to Take Part in Blockchain Trials. The program is aimed at “sufficiently letting the blockchain technology play its role in facilitating data sharing, optimizing business procedures, lowering costs, improving synergy and building reliable systems.”
📌 Stock Market Jitters Don’t Endanger Economy Yet. Recent market turmoil doesn’t mean the economy is about to be derailed, but rather the recovery is maturing and no longer needs low interest rates, economists and Fed officials.
📌 Drugmakers Raised Prices by 6.6% on Average Early This Year. Drug companies’ prescription-drug price increases were mostly in the single digits as Congress explores measures to curb high costs.
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