Each week we bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here . This week, Bloomberg Intelligence Senior Analyst Sarah Jane Mahmud tells us about the scramble to recheck assumptions in a new report about Singapore after the US attacked Iran, Reporter Gabrielle Ng ponders the outlook for stockbroking as Robinhood gets initial clearance to operate...
Each week we bring you insights into one of Asia’s most dynamic economies. If you haven’t yet, please sign up here . This week, Bloomberg Intelligence Senior Analyst Sarah Jane Mahmud tells us about the scramble to recheck assumptions in a new report about Singapore after the US attacked Iran, Reporter Gabrielle Ng ponders the outlook for stockbroking as Robinhood gets initial clearance to operate here, and Southeast Asia Managing Editor Katrina Nicholas gets a slice of Paris at L’Angélus. Reminder: we’re giving away a small number of free Bloomberg.com subscriptions to our loyal readers to celebrate our upcoming 100th edition! Complete this 5-question survey for a chance to receive the subscription giveaway. Iran War Amplifies Singapore’s Case It’s unnerving when you’re poised to publish a country report nine months in the making and war in the Middle East threatens to change everything. That’s what confronted our team as we were wrapping up the first edition of Bloomberg Intelligence’s Singapore Briefing . Instead of undermining our conclusions, we think the instability will only amplify the opportunities for the city-state to turn risk into opportunity and to grow steadily through 2030 , faster than most mature economies. Much of this growth will come from Singapore’s development as a regional business hub. The nation can use its reputation for careful regulation, a strong currency and a triple-A credit rating to keep luring investment. We expect the wealth industry boom to continue for several more years: our survey suggests assets under management will grow 6-10% annually through 2030. Islamic wealth could even grow at a faster pace, by more than 12%, supported by a rise in flows from the Middle East. That’s been accentuated by the conflict in Iran, which has also strengthened Singapore as a global aviation hub. The city-state’s role as a financial-trading center is constrained by its relatively small equity market, of around S$1 trillion ($783 billion) — rough...
Chen Li If Chen Li is right, cancer treatment may be on the cusp of a fundamental shift — from broadly applied drugs to therapies designed, molecule by molecule, for each individual patient. His company, Likang Life Sciences, is part of a global race to build personalized cancer vaccines using mRNA and artificial intelligence (AI). The promise is not incremental. By teaching the immune system to r...
Chen Li If Chen Li is right, cancer treatment may be on the cusp of a fundamental shift — from broadly applied drugs to therapies designed, molecule by molecule, for each individual patient. His company, Likang Life Sciences, is part of a global race to build personalized cancer vaccines using mRNA and artificial intelligence (AI). The promise is not incremental. By teaching the immune system to recognize the unique genetic signature of a patient’s tumor, such therapies aim to dramatically improve response rates and, in time, reshape how cancer itself is treated.
Trump Administration Seeks Pause Of Lawsuit Challenging Vaccine Recommendations Authored by Zachary Stieber via The Epoch Times (emphasis ours), Trump administration lawyers on April 23 said they are still considering whether to appeal a ruling that blocked the rollback of guidance on some vaccines. Health Secretary Robert Kennedy Jr. on Capitol Hill in Washington on April 22, 2026. Madalina Kilro...
Trump Administration Seeks Pause Of Lawsuit Challenging Vaccine Recommendations Authored by Zachary Stieber via The Epoch Times (emphasis ours), Trump administration lawyers on April 23 said they are still considering whether to appeal a ruling that blocked the rollback of guidance on some vaccines. Health Secretary Robert Kennedy Jr. on Capitol Hill in Washington on April 22, 2026. Madalina Kilroy/The Epoch Times The lawyers said in a filing that pausing the litigation over the guidance pending the resolution of any appeal that is filed would “promote judicial economy and avoid burdens on government agencies that may be rendered unnecessary by a decision on any appeal.” For instance, if an appeal is filed, the U.S. Court of Appeals for the First Circuit may dismiss some or all of the claims by plaintiffs in the case, which would eliminate the need for the government to produce records sought by plaintiffs, the lawyers told U.S. District Judge Brian Murphy in a motion to stay proceedings pending resolution of any appeal. “At a minimum, a First Circuit decision on any appeal could narrow the issues in dispute and provide guidance on how to resolve any remaining issues,” the motion stated. “If Defendants continue producing administrative records and the parties start briefing cross-motions for summary judgment before Defendants’ time to appeal has run and before the First Circuit has an opportunity to weigh in on any appeal, there is a significant potential for wasted time and resources.” Murphy in March stayed the updates made to Centers for Disease Control and Prevention vaccine guidance under Health Secretary Robert F. Kennedy Jr., resulting in the guidance reverting to what had been in place in mid-2025. Murphy concluded that Kennedy and other officials did not follow proper procedure in updating the guidance and appointing new members to the CDC’s vaccine advisory committee. That stay would remain in effect even if Murphy approves the requested motion, administra...
JHVEPhoto/iStock Editorial via Getty Images I upheld my buy recommendation for Broadcom in my last article on the stock, citing the likelihood of considerable revenue growth from its artificial intelligence ("AI") business. I am maintaining my buy recommendation in this article, as Broadcom’s revenue visibility has strengthened significantly since my last article, driven by the company adding thre...
JHVEPhoto/iStock Editorial via Getty Images I upheld my buy recommendation for Broadcom in my last article on the stock, citing the likelihood of considerable revenue growth from its artificial intelligence ("AI") business. I am maintaining my buy recommendation in this article, as Broadcom’s revenue visibility has strengthened significantly since my last article, driven by the company adding three additional AI chip customers and management providing information on how much some of them plan to spend. Additionally, the company keeps bumping up its AI revenue estimates. The company's original projection for AI revenue growth in fiscal year ("FY") 2026 was 60%. Management now believes FY 2026 AI revenue will accelerate well beyond 60%. Chief Executive Officer (”CEO”) Hock Tan’s commentary on the earnings call has also given investors greater confidence in the management’s AI growth projections for 2027, which the market previously viewed as speculative. Although the stock still has some valuation risk, management’s projections for continued AI growth, the broadening of its AI chip users to non-hyperscaler customers, and its rapidly expanding networking business are reasons for me to keep recommending Broadcom as a buy for growth investors who expect AI infrastructure spending to keep rising over the next several years. New Customers By the time I wrote my last article, the market had already confirmed that Broadcom's first and second customers were Google ( GOOGL )( GOOG ) and Meta Platforms ( META ), and had speculated that the third was TikTok's parent company, ByteDance ( BDNCE ). CEO Hock Tan identified Anthropic ( ANTHRO ) as the recipient of a $10 billion order during the fourth-quarter 2025 earnings call (which some call the fourth customer) and said the following about that customer on the first-quarter FY 2026 call : For Anthropic, we are off to a very good start in 2026 for 1 gigawatt of TPU...For '27, this demand is expected to surge in excess of 3 gigawat...
JHVEPhoto/iStock Editorial via Getty Images I upheld my buy recommendation for Broadcom in my last article on the stock, citing the likelihood of considerable revenue growth from its artificial intelligence ("AI") business. I am maintaining my buy recommendation in this article, as Broadcom’s revenue visibility has strengthened significantly since my last article, driven by the company adding thre...
JHVEPhoto/iStock Editorial via Getty Images I upheld my buy recommendation for Broadcom in my last article on the stock, citing the likelihood of considerable revenue growth from its artificial intelligence ("AI") business. I am maintaining my buy recommendation in this article, as Broadcom’s revenue visibility has strengthened significantly since my last article, driven by the company adding three additional AI chip customers and management providing information on how much some of them plan to spend. Additionally, the company keeps bumping up its AI revenue estimates. The company's original projection for AI revenue growth in fiscal year ("FY") 2026 was 60%. Management now believes FY 2026 AI revenue will accelerate well beyond 60%. Chief Executive Officer (”CEO”) Hock Tan’s commentary on the earnings call has also given investors greater confidence in the management’s AI growth projections for 2027, which the market previously viewed as speculative. Although the stock still has some valuation risk, management’s projections for continued AI growth, the broadening of its AI chip users to non-hyperscaler customers, and its rapidly expanding networking business are reasons for me to keep recommending Broadcom as a buy for growth investors who expect AI infrastructure spending to keep rising over the next several years. New Customers By the time I wrote my last article, the market had already confirmed that Broadcom's first and second customers were Google ( GOOGL )( GOOG ) and Meta Platforms ( META ), and had speculated that the third was TikTok's parent company, ByteDance ( BDNCE ). CEO Hock Tan identified Anthropic ( ANTHRO ) as the recipient of a $10 billion order during the fourth-quarter 2025 earnings call (which some call the fourth customer) and said the following about that customer on the first-quarter FY 2026 call : For Anthropic, we are off to a very good start in 2026 for 1 gigawatt of TPU...For '27, this demand is expected to surge in excess of 3 gigawat...
美国参议院军事委员会主席今日要求终止与伊朗的谈判，并恢复军事打击。密西西比州共和党参议员罗杰・威克在社交平台 X 发文称：“与伊朗谈判的时代已经结束。” 威克表示：“哈梅内伊的继任者不会信守任何承诺与协议。我方三军统帅应指令资深军方将领，彻底摧毁伊朗常规军事力量，铲除其核计划全部残余设施。” 他称：“这是保障该地区长久稳定的唯一途径。”特朗普当日表示，伊朗正准备提交谈判方案。由威特科夫与库什纳率领...
美国参议院军事委员会主席今日要求终止与伊朗的谈判，并恢复军事打击。密西西比州共和党参议员罗杰・威克在社交平台 X 发文称：“与伊朗谈判的时代已经结束。” 威克表示：“哈梅内伊的继任者不会信守任何承诺与协议。我方三军统帅应指令资深军方将领，彻底摧毁伊朗常规军事力量，铲除其核计划全部残余设施。” 他称：“这是保障该地区长久稳定的唯一途径。”特朗普当日表示，伊朗正准备提交谈判方案。由威特科夫与库什纳率领的美国代表团，预计明日抵达巴基斯坦伊斯兰堡。 责任编辑：刘明亮
NVS/iStock via Getty Images By Jennifer Nash Consumer sentiment saw a late-month bump but remains at its lowest level on record. While the final April reading of 49.8 surpassed initial forecasts, the index still reflects a significant 3.5-point drop from March as inflation and economic uncertainty weigh on households. The Michigan Consumer Sentiment Index is a monthly survey of consumer confidence...
NVS/iStock via Getty Images By Jennifer Nash Consumer sentiment saw a late-month bump but remains at its lowest level on record. While the final April reading of 49.8 surpassed initial forecasts, the index still reflects a significant 3.5-point drop from March as inflation and economic uncertainty weigh on households. The Michigan Consumer Sentiment Index is a monthly survey of consumer confidence levels in the U.S. with regard to the economy, personal finances, business conditions, and buying conditions, conducted by the University of Michigan. There are two reports released each month: a preliminary report released mid-month and a final report released at the end of the month. Joanne Hsu, the director of surveys, made the following comments : Consumer sentiment ticked down 3.5 index points this month, now comparable to the trough seen in June 2022. Decreases in sentiment were seen across political party, income, age, and education. Expected business conditions declined for both short and long time horizons, nearly matching year-ago readings when the reciprocal tariff regime was implemented. After the two-week cease-fire was announced and gas prices softened a touch, sentiment recovered a modest portion of its early-month losses. The Iran conflict appears to influence consumer views primarily through shocks to gasoline and potentially other prices. In contrast, military and diplomatic developments that do not lift supply constraints or lower energy prices are unlikely to buoy consumers. A Historical Perspective on Recession Risk The chart below provides a long-term perspective on this widely watched indicator. We have highlighted the index's value at the start of each recession. The current level of 49.8 is below the index's value at the start of all six recessions since its inception. To put today’s report in historical context, consumer sentiment is currently 40.7% below its average reading of 83.9 (arithmetic mean) and 39.8% below its geometric mean of 82.7, bas...