$1T Moved on Iran “Talks” — Did They Even Happen? | Prof G Markets
Scott Galloway and economist Justin Wolfers break down how a single Trump social media post about Iran moved markets by $1 trillion and what OpenAI's latest moves reveal about its business health.
The gist
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A Truth Social post about Iran talks moved markets 1.5%, swinging the average American household's wealth by over $10,000, even though Iran denied the talks happened.
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Galloway and Wolfers say presidential statements no longer reliably signal policy, making it harder for markets to price in what the administration will actually do.
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Venture capital poured $49 billion into defense tech last year, with new products like subscription-based missiles showing how military uncertainty is reshaping investment.
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OpenAI is moving toward enterprise after finding most ChatGPT users cost money to serve, and is offering private equity investors a guaranteed 17.5% return ahead of a planned IPO.
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ChatGPT
· "That new strategy includes building a super app that combines ChatGPT, Codex, and the Atlas browser."
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Codex
· "That new strategy includes building a super app that combines ChatGPT, Codex, and the Atlas browser."
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· "We're speaking with Alex Heath, author of the Sources newsletter and co-host of the Access podcast."
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Access podcast
· "We're speaking with Alex Heath, author of the Sources newsletter and co-host of the Access podcast."
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