Category: 3. Business

  • PacBio to Report Third Quarter 2025 Financial Results on November 5, 2025

    PacBio to Report Third Quarter 2025 Financial Results on November 5, 2025

    MENLO PARK, Calif., Oct. 22, 2025 (GLOBE NEWSWIRE) — PacBio (NASDAQ: PACB) announced today that it will hold its quarterly conference call to discuss its third quarter 2025 financial results on Wednesday, November 5, 2025, at 4:30 pm Eastern Time.

    The call will be webcast and may be accessed at PacBio’s website at https://investor.pacificbiosciences.com/.

    Date: Wednesday, November 5, 2025, at 4:30 pm ET (1:30 pm PT)
    Listen live via internet or replay: https://investor.pacificbiosciences.com/
    Toll-free: 1-888-349-0136
    International: 1-412-317-0459

    If using the dial-in option, please join the call ten minutes before the start time using the appropriate number above and ask to join the “PacBio Q3 Earnings Call.”

    About PacBio

    PacBio (NASDAQ: PACB) is a premier life science technology company that designs, develops, and manufactures advanced sequencing solutions to help scientists and clinical researchers resolve genetically complex problems. Our products and technologies, which include our HiFi long-read sequencing, address solutions across a broad set of research applications including human germline sequencing, plant and animal sciences, infectious disease and microbiology, oncology, and other emerging applications. For more information, please visit www.pacb.com and follow @PacBio.

    PacBio products are provided for Research Use Only. Not for use in diagnostic procedures.

    Contacts

    Investors:
    Jim Gibson
    ir@pacb.com

    Media:
    pr@pacb.com

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  • House prices surge, online grocery price premium revealed, Australia thump England | Australia news

    House prices surge, online grocery price premium revealed, Australia thump England | Australia news

    Morning everyone. In good news for some and depressing news for others, house prices have risen at their fastest rate for four years boosted by interest rate cuts and the extension of the government’s first-home guarantee. In more money news, a Choice survey shows that rapid-delivery groceries are almost 40% more expensive.

    Plus we look at Sussan Ley’s net zero dilemma, we have a maths challenge, and Australia’s women have walloped England by six wickets in the World Cup.

    Australia

    Uber Eats delivery riders. Photograph: Martin Berry/Alamy
    • Uber pricey | Shoppers are paying up to 39% more for groceries ordered through rapid delivery apps, according to a Choice survey, with items such as pasta, milk and fresh vegetables costing on average 11% more on third-party apps such as Uber Eats, DoorDash and Milkrun compared with supermarkets.

    • ‘Acceleration mode’ | House prices are rising at their fastest rate in nearly four years, according to new research, as buyers rush to auctions and owners put off selling amid expectations of a further upswing. Brisbane has overtaken Canberra as the second-most expensive house market, after Sydney, with median prices rising nearly $40,000 to hit $1.1m.

    • Ban challenged | Queensland’s controversial ban on puberty blockers and other hormone therapies is unlawful because of a failure to properly consult health executives on a decision affected by political interference, a court has heard.

    • Keating cross | A development backed by media scion James Packer in Sydney’s Kings Cross is pitting the former prime minister Paul Keating against former NSW premier Morris Iemma.

    • Plus points | If, like the Morning Mail, you were unable to help kids with maths after year 7, look away now. But for those of you who like a challenge, test yourself on yesterday’s tough NSW HSC maths paper.

    World

    Wallace Shawn, Ilana Glazer and Jonathan Glazer were among the signatories of a call for sanctions on Israel. Composite: Getty Images
    • Exclusive | Prominent Jewish figures such as Naomi Klein, Jonathan Glazer and Wallace Shawn are calling on the United Nations and world leaders to impose sanctions on Israel over what they describe as “unconscionable” actions amounting to genocide in Gaza.

    • Senate marathon | Jeff Merkley, Oregon’s Democratic senator, has given a marathon speech on the Senate floor lasting more than 19 hours to make the case that Donald Trump is acting as an authoritarian, including by deploying the military into his home city of Portland. Meanwhile, the US president declared himself the arbiter of whether or not his own administration should pay him hundreds of millions of dollars in damages over past federal investigations.

    • Exclusive | A man sent back to France under Britain’s “one in, one out” scheme has returned to the UK on a small boat and claims to be a victim of modern slavery at the hands of trafficking gangs.

    • Ukraine ‘compromise’ | Volodymyr Zelenskyy has voiced support for Donald Trump’s proposal for Ukraine and Russia to freeze the war at the current frontlines, calling it “a good compromise”.

    • Quantum leap | Google has claimed a breakthrough in quantum computing after developing an algorithm that performed a task beyond the capabilities of conventional computers.

    Full Story

    Composite: PA

    Can Ange Postecoglou stage a comeback?

    Sports writer Martin Pegan speaks to Reged Ahmad about Ange Postecoglou’s sacking by Nottingham Forest and what’s next for one of the most polarising figures in football.

    Full Story

    Can Ange Postecoglou stage a comeback?

    In-depth

    Sussan Ley faces a big test over net zero policy. Photograph: Dan Himbrechts/AAP

    With a crunch Coalition meeting on net zero looming, Dan Jervis-Bardy examines the challenge facing Sussan Ley as she tries to formulate a one-size-fits-all policy. As Dan writes, “it is not hyperbole to suggest that this debate threatens to tear the Coalition apart”, with Barnaby Joyce potentially beginning a wave of defections.

    Not the news

    The office work-out with Guardian journalist Emma Joyce. Photograph: Jessica Hromas/The Guardian

    Squats, lateral flexions, wall sits and elevated incline push-ups are all exercises that you can do in your everyday clothes without interfering too much with your life. Our very own Emma Joyce gave them a try at Guardian Australia HQ. Find out she fared.

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    Sport

    Annabel Sutherland and Ash Gardner after beating England. Photograph: Matt Roberts-ICC/ICC/Getty Images
    • Cricket | Australia took up where they left off in the Ashes last summer by crushing England by six wickets in the penultimate group game of the Women’s World Cup in Indore thanks firstly to fine bowling by Alana King and brilliant batting by Annabel Sutherland and Ash Gardner.

    • Football | Sam Kerr’s return to the Matildas squad for the forthcoming friendlies against Wales (midnight Sunday) and England (6am Wednesday) can’t come too soon for a team that has stalled in recent months. Eintracht Frankfurt will be hoping to extend Liverpool’s losing streak to five in this morning’s Champions League game, while there’s also a meeting of European royalty as Real Madrid host Juventus.

    • Rugby league | The Leeds prop Mikolaj Oledzki moved from Poland 20 years ago and had no idea what rugby league was. Now he’s preparing to face Australia in the Ashes at Wembley.

    Inner-city Melbourne suburbs must accept more housing development and can’t expect the west to keep doing the heavy lifting, Clare O’Neil said last night according to the Age. The Telegraph has picked up despairing social media reaction to yesterday’s HSC maths exam with one describing it as “actually impossible”. The Bureau of Meteorology’s redesigned website is dividing users with many calling for the old one to be reinstated, the Adelaide Advertiser reports.

    What’s happening today

    • New South Wales | The leader of the opposition, Mark Speakman, and shadow ministers will make a “major 2027 election policy announcement” in Sydney.

    • Business | Star Entertainment holds its annual general meeting on the Gold Coast.

    Sign up

    Enjoying the Morning Mail? Then you’ll love our Afternoon Update newsletter. Sign up here to finish your day with a three-minute snapshot of the day’s main news, and complete your daily news roundup.

    And follow the latest in US politics by signing up for This Week in Trumpland.

    Brain teaser

    And finally, here are the Guardian’s crosswords to keep you entertained throughout the day. Until tomorrow.

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  • Fitch Revises Commercial Metals' Outlook to Stable; Affirms IDR at 'BB+' – Fitch Ratings

    1. Fitch Revises Commercial Metals’ Outlook to Stable; Affirms IDR at ‘BB+’  Fitch Ratings
    2. CMC to strengthen precast position with Foley Products acquisition  Steel Market Update
    3. Commercial Metals Goes All-In on Infrastructure—Will This $1.8 Billion Deal Pay Off?  Smartkarma
    4. Foley Represents Foley Products Company in Sale to CMC  Foley & Lardner LLP
    5. Akin Guides Metals Co. CMC On $1.8B Concrete Deal  Law360

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  • New type of immunotherapy could change the treatment plan for triple-negative breast cancer

    New type of immunotherapy could change the treatment plan for triple-negative breast cancer

    Triple-negative breast cancer is one of the most aggressive cancers. The name tells the story: It lacks the three main targets that make other types of breast cancers more treatable with powerful therapies.

    UCLA researchers have developed a novel therapy that could fundamentally change the treatment plan for this deadly disease. In a study published in the Journal of Hematology & Oncology, the team details how this new type of immunotherapy, called CAR-NKT cell therapy, could attack tumors from multiple fronts while dismantling their protective shields.

    Patients with triple-negative breast cancer have been waiting far too long for better treatment options. To finally have a therapy that shows superior cancer-fighting ability – and to be just one step away from clinical testing – is incredibly exciting.”


    Lili Yang, senior author, professor of microbiology, immunology and molecular genetics and member of the Eli and Edythe Broad Center of Regenerative Medicine and Stem Cell Research at UCLA

    The therapy uses engineered immune cells called CAR-NKT cells, which can be mass-produced from donated blood stem cells and stored ready-to-use. This off-the-shelf approach offers an immediately available treatment option at a fraction of the cost of current personalized cell therapies, which can soar into the hundreds of thousands of dollars.

    A triple threat against a triple-negative cancer

    CAR-T cell therapies have transformed treatment for certain blood cancers by turning patients’ own immune cells into precision weapons. However, these therapies have struggled against solid tumors like breast cancer, which employ sophisticated defense mechanisms and constantly evolve to evade treatment.

    To tackle these hurdles, the UCLA team’s cell therapy harnesses a rare but powerful type of immune cell called invariant natural killer T cell, or NKT cell. When equipped with a chimeric antigen receptor, or CAR, targeting mesothelin – a protein found on triple-negative breast cancer cells – these potent tumor-fighting cells gain the ability to recognize and destroy cancer through three distinct mechanisms.

    The first mechanism uses the engineered CAR to target mesothelin, which is associated with more aggressive, metastatic disease. The second leverages the cells’ natural killer receptors that recognize more than 20 molecular markers, making it nearly impossible for tumors to evade all of them. The third employs the cells’ unique T cell receptor to reshape the tumor microenvironment by eliminating immunosuppressive cells.

    “We’re not just targeting one molecular marker on cancer cells – we’re identifying dozens of them simultaneously,” said first author Yanruide (Charlie) Li, a postdoctoral scholar in the UCLA Broad Stem Cell Research Center Training Program. “It’s like attacking a fortress from every direction at once. The cancer simply can’t adapt fast enough to escape.”

    When the research team tested the novel therapy on tumor samples from patients with late-stage metastatic breast cancer, the CAR-NKT cells successfully killed cancer cells in every single sample tested, while also eliminating the immunosuppressive cells that tumors recruit as protective escorts.

    Engineering universal accessibility

    Beyond its multipronged cancer-fighting capabilities, the CAR-NKT platform addresses critical barriers that have limited cell therapy access: manufacturing complexity and cost.

    Current cellular immunotherapies require collecting each patient’s immune cells, shipping them to specialized laboratories for genetic modification, then returning the customized product into the patient weeks later – a process that can cost six figures and create dangerous delays for patients with aggressive cancers.

    Yang’s team takes a fundamentally different approach. Because NKT cells naturally work with any immune system, they can be mass-produced from donated blood stem cells using a scalable system. A single donation could generate enough cells for thousands of treatments, reducing costs to approximately $5,000 per dose.

    One product to tackle multiple cancers

    The therapy’s promise extends beyond triple-negative breast cancer. Since mesothelin is also highly expressed in ovarian, pancreatic and lung cancers, the same cell product could potentially treat multiple cancer types that remain difficult to address with current immunotherapies.

    “This is really a platform technology,” said Yang, who’s also a member of the UCLA Health Jonsson Comprehensive Cancer Center.

    With all preclinical studies complete for both triple-negative breast cancer and ovarian cancer, the team is preparing to submit applications to the Food and Drug Administration to begin clinical trials.

    “We’ve walked 99 steps to get here,” Yang said. “We’re missing just one final step to begin clinical testing and demonstrate what this promising therapy can really do for patients.”

    Additional authors include: Xinyuan Shen, Yichen Zhu, Zhe Li, Ryan Hon, Yanxin Tian, Jie Huang, Annabel Zhao, Nathan Ma, Catherine Zhang, David Lin, Karine Sargsyan and Yuan Yuan.

    The research was supported by the California Institute for Regenerative Medicine, the Department of Defense, the UCLA Broad Stem Cell Research Center, the Wendy Ablon Trust, the Parker Institute for Cancer Immunotherapy, UCLA’s department of microbiology, immunology and molecular genetics, the UCLA Office of the Chancellor and the UCLA Goodman-Luskin Microbiome Center. 

    Source:

    University of California – Los Angeles

    Journal reference:

    Li, Y.-R., et al. (2025). Targeting triple-negative breast cancer using cord-blood CD34+ HSPC-derived mesothelin-specific CAR-NKT cells with potent antitumor activity. Journal of Hematology & Oncology. doi.org/10.1186/s13045-025-01736-9

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  • The OpenAI halo gives GE Vernova a needed lift, plus what’s behind Meta’s moves

    The OpenAI halo gives GE Vernova a needed lift, plus what’s behind Meta’s moves

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  • Trump administration considering curbs on exports to China made with US software | Trump administration

    Trump administration considering curbs on exports to China made with US software | Trump administration

    The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing’s latest round of rare earth export restrictions, according to a US official and three people briefed by US authorities.

    While the plan is not the only option on the table, it would make good on Donald Trump’s threat earlier this month to bar “critical software” exports to China by restricting global shipments of items that contain US software or were produced using US software.

    On 10 October, Trump said in a social media post that he would impose additional tariffs of 100% on China’s US-bound shipments, along with new export controls on “any and all critical software” by 1 November without further details. To be sure, the measure, details of which are being reported for the first time, may not move forward, the sources said.

    But the fact that such controls are being considered shows the Trump administration is weighing a dramatic escalation of its showdown with China, even as some within the US government favor a gentler approach, according to two of the sources. US stock indexes briefly extended losses on the news, with the S&P 500 down 0.8% and the Nasdaq 1.3% lower before paring their losses.

    The White House declined to comment. The commerce department, which oversees export controls, did not respond to requests for comment.

    A spokesperson for the Chinese embassy did not comment on the specific US measures under consideration but said China opposed the US “imposing unilateral long-arm jurisdiction measures” and vowed to “take resolute measures to protect its legitimate rights and interests” if the US proceeds down what it views as a wrong path.

    Administration officials could announce the measure to put pressure on China but stop short of implementing it, one of the sources said. Narrower policy proposals are also being discussed, two of the people said.

    “Everything imaginable is made with US software,” one of the sources said, highlighting the broad scope of the proposed action. The sources declined to be named because the matter was not public.

    The move could disrupt global trade with China, especially for technology products, and could come at a cost to the US economy if fully implemented.

    The measure, if adopted, would echo restrictions that the Biden administration imposed on Moscow after its 2022 invasion of Ukraine. Those rules restricted exports to Russia of items made globally using US technology or software. Trump’s Truth Social post came just three weeks before a previously announced meeting with Xi Jinping, China’s president, in South Korea, and a day after China dramatically expanded its export controls on rare earth elements. China dominates the market for such elements, which are essential to tech manufacturing.

    In his post, Trump said China’s action, also effective 1 November, represented “a moral disgrace” that would impose controls on “virtually every product they make”.

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    But questions have swirled about what Trump meant in his response by “critical software” controls.

    While Trump has slapped a series of tariffs on China since taking office in January, he has wavered in his use of export restrictions against Beijing, first imposing strict new curbs on shipments of Nvidia’s AI chips as well as chip design software to China, and later removing them.

    China expressed its opposition to a Trump administration rule last month that restricts US companies from shipping goods and technology to companies at least 50% owned by sanctioned Chinese firms. Chinese imports currently face US tariffs around 55%, which could shoot up to 155% if Trump follows through on his threatened tariff hike. But Trump appeared to soften his posture on Beijing following the threats, posting on 12 October: “The U.S.A. wants to help China, not hurt it!!!”

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  • Reddit sues over ‘industrial-scale’ scraping of user comments

    Reddit sues over ‘industrial-scale’ scraping of user comments

    Social media platform Reddit sued the artificial intelligence company Perplexity AI and three other entities on Wednesday, alleging their involvement in an “industrial-scale, unlawful” economy to “scrape” the comments of millions of Reddit users for commercial gain.

    Reddit’s lawsuit in a New York federal court takes aim at San Francisco-based Perplexity, maker of an AI chatbot and “answer engine” that competes with Google, ChatGPT and others in online search.

    Also named in the lawsuit are Lithuanian data-scraping company Oxylabs UAB, a web domain called AWMProxy that Reddit describes as a “former Russian botnet,” and Texas-based startup SerpApi.

    It’s the second such lawsuit from Reddit since it sued another major AI company, Anthropic, in June.

    But the lawsuit filed Wednesday is different in the way that it confronts not just an AI company but the lesser-known services the AI industry relies on to acquire online writings needed to train AI chatbots.

    “Scrapers bypass technological protections to steal data, then sell it to clients hungry for training material. Reddit is a prime target because it’s one of the largest and most dynamic collections of human conversation ever created,” said Ben Lee, Reddit’s chief legal officer, in a statement Wednesday.

    Perplexity said it has not yet received the lawsuit but “will always fight vigorously for users’ rights to freely and fairly access public knowledge. Our approach remains principled and responsible as we provide factual answers with accurate AI, and we will not tolerate threats against openness and the public interest.”

    Oxylabs and SerpAPI didn’t immediately respond to requests for comment Wednesday. AWMProxy could not immediately be reached for comment.

    Reddit compares the companies it is suing to “would-be bank robbers” who can’t get into the bank vault, so they break into the armored truck instead. The lawsuit alleges they are evading Reddit’s own anti-scraping measures while also ”circumventing Google’s controls and scraping Reddit content directly from Google’s search engine results.”

    Lee said that because they’re unable to scrape Reddit directly, “they mask their identities, hide their locations, and disguise their web scrapers to steal Reddit content from Google Search. Perplexity is a willing customer of at least one of these scrapers, choosing to buy stolen data rather than enter into a lawful agreement with Reddit itself.”

    Much like its lawsuit against Anthropic, maker of the chatbot Claude, Reddit claims that Perplexity has accessed Reddit’s content despite being asked not to do so.

    Reddit made a similar argument in its lawsuit against Anthropic. That case was initially filed in California Superior Court but was later moved to federal court and has a hearing scheduled for January.

    Along with digitized books and news articles, websites such as Wikipedia and Reddit are deep troves of written materials that can help teach an AI assistant the patterns of human language.

    Reddit has previously entered licensing agreements with Google, OpenAI and other companies that are paying to be able to train their AI systems on the public commentary of Reddit’s more than 100 million daily users.

    The licensing deals helped the 20-year-old online platform raise money ahead of its Wall Street debut as a publicly traded company last year.

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  • MTLC Professional Women’s Meeting: Negotiation Techniques

    MTLC Professional Women’s Meeting: Negotiation Techniques

    Foley Hoag partner Brooke Fritz to join a panel discussion titled “Advocating for Your Business, Yourself, and Your Team” during MTLC’s Professional Women’s Meeting: Negotiation Techniques.

    Find your full leadership potential at this meeting designed for women in tech and leadership roles. Negotiation is a critical tool for advancing your business objectives, championing your team, and advocating for yourself in every professional setting.

    ​You will hear from accomplished sales and tech leaders who are skilled in both business and personal negotiation. This event will equip you with actionable negotiation techniques and frameworks you can use immediately—no matter your role or title.

    ​What to expect:

    • Practical negotiation tactics tailored for tech professionals
    • ​Real-world scenarios and relatable stories from top women in sales
    • ​Strategies for overcoming internal and external barriers to advocacy
    • Tools for elevating your team, driving business outcomes, and maximizing your impact
    • ​Networking with fellow women leaders committed to growth and empowerment

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  • Brazil gets to keep $4 billion in taxes after partial victory in Tupi field dispute

    Brazil gets to keep $4 billion in taxes after partial victory in Tupi field dispute

    BRASILIA/SAO PAULO, Oct 22 (Reuters) – Brazil won a partial victory in an international dispute about the Tupi oilfield against a consortium formed by Petrobras (PETR3.SA), opens new tab, Shell (SHEL.L), opens new tab and Petrogal, allowing the country to keep 22.2 billion reais ($4.11 billion) in tax payments, the Solicitor General’s Office said on Wednesday.

    The dispute with Brazil’s oil regulator ANP over tax regulations governing the field’s size is being mediated by the arbitration court at the International Chamber of Commerce.

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    In a small defeat for Brazil, the court also decided that future compensation by the consortium can be made in other ways besides cash payments if the amount is 30% higher than the quarterly deposits made since 2019 when a federal court ruled in favor of the government.

    Shell declined to comment, while Petrobras, which has a 65% stake in the consortium, did not immediately respond to a request for comment.

    Tupi has for years been Brazil’s highest producing field, with over 1 million barrels of oil equivalent per day.

    However, since 2014, the consortium has asserted that Tupi actually includes the Cernambi field as well, but the government considers them as one big field, whose oil production revenue is subject to a higher tax rate.

    ($1 = 5.4039 reais)

    Reporting by Ricardo Brito in Brasilia and Roberto Samora in Sao Paulo; Writing by Fernando Cardoso; Editing by Richard Chang

    Our Standards: The Thomson Reuters Trust Principles., opens new tab

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  • Why Beyond Meat shares have surged 1,000% in four days

    Why Beyond Meat shares have surged 1,000% in four days

    Appetite for Beyond Meat’s plant-based burgers is shaky. But traders sure seem to developed a taste for its stock.

    Shares in the company have soared about 1,000% over four days – a stunning rally for a company that had seen its share price all but wiped out since it debuted on the stock exchange six years ago.

    The business has been struggling with sluggish sales – and has not posted a quarterly profit in more than five years – as shoppers turn away from its meat alternatives.

    The surge has reignited debate whether the activity, propelled in part by online enthusiasm among everyday investors, is a sign of an overly frothy stock market.

    Momentum started to build last week, when a Reddit user helped fuel a wave of purchases, drawing comparisons to other rallies of so-called meme stocks such as GameStop and AMC.

    The gains continued after Roundhill Investments on Monday added the company to the bucket of companies owned by its meme stock ETF, or exchange-traded fund. The move appeared to spark a so-called short squeeze: as the stock price surged, the many investors betting against the company were forced to buy shares to cover their losses.

    The company also announced a distribution deal with Walmart on Tuesday, further boosting its shares.

    “This company was essentially being thought of as going out of business not that long ago,” said Mark Hackett, chief market strategist at Nationwide.

    “Getting a positive catalyst like the Walmart deal, which could be transformational with the rebound of demand and getting products in the hands of consumers – that is absolutely the trigger,” he added, referring to the stock surge since last Friday.

    But Mr Hackett cautioned that the Walmart deal to expand distribution “doesn’t necessarily fix all the issues”.

    “You’re really trading on emotions and technicals, versus fundamentals,” Mr Hackett said.

    The company remains on shaky ground. Its share price, at just over $4 on Wednesday afternoon trading in New York, remains well below its all-time high of more than $230 in 2019.

    The Beyond Meat meme stock surge comes against a backdrop of jitters about an overvalued stock market.

    At the forefront are concerns about a possible bubble emerging in the artificial intelligence (AI) industry. Those worries have intensified as analysts struggle to see how the vast sums of money the biggest players are throwing at one another all fit together.

    JP Morgan Chase boss Jamie Dimon echoed the concerns this month. He told the BBC he was “far more worried than others” about a serious market correction, which he said could come in the next six months to two years.

    The Securities and Exchange Commission has also noted possible market manipulation tied to meme stocks, warning of the risks to everyday investors.

    Some have responded with calls for tighter rules around short selling and social media-fuelled trading. But there is little sign such proposals are gaining traction.

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