Chatter around psilocybin was at a fever pitch early this year, as a growing choir of voices cheered the potential for the psychedelic component of “magic mushrooms” to treat a bevy of difficult diseases and conditions where traditional drugs have failed miserably. The roars of newness may have calmed down, but the opportunity is alive and well. In fact, it is quietly gaining steam as research accelerates with the fascinating class of compounds.

While still illegal at the federal level in the U.S. as a Schedule I drug, proponents are hopeful that one day psilocybin will be re-classified as having medical purposes. The compound has a similar label in Canada, designating it as having no medical use. However, there are many anecdotal cases where psilocybin has provided a great therapeutic benefit for a spectrum of patients, including those with advanced cancer.

Select companies are taking the lead to conduct research … Read the rest

At the U.S. Presidential debate on Tuesday, democratic candidate Joe Biden and U.S. President Donald Trump squared off over just about everything, including Trump’s trade deal with China.

“[Trump] talks about these great trade deals. He talks about the art of the deal; China’s perfected the art of the steal,” Biden said, criticizing Trump’s approach to trade with China. “We have a higher deficit with China than we did before [Trump was elected].”

“China ate your lunch, Joe,” Trump said in response, referring to Biden’s time as vice president under President Barack Obama.

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Like much of the debate, the barbs over the trade deal devolved into a shouting match, as Trump pivoted to unproven claims that Biden’s son Hunter Biden has made billions off his father’s dealings in China. But the … Read the rest

(Bloomberg) — U.S. equity-index futures dropped alongside most stock markets after an acrimonious American presidential debate highlighted the risk of a contested vote in November. The dollar fluctuated.S&P 500 and Nasdaq 100 contracts slipped in the hours after the chaotic sparring between Donald Trump and Democratic hopeful Joe Biden during which the president suggested vote-by-mail could be rife with fraud. In Europe, declines in industrial-goods and tech shares outweighed gains in utilities.“What we’ve seen from the debate is the reinforcement that if Biden wins, Trump is not going to accept that,” said Chris Weston, head of research at Pepperstone Group Ltd. in Melbourne. “People positioned for an ugly contest afterwards have been validated.”Investment firms were also recalibrating positions on the final day of this quarter, with traders saying flows were positive for the dollar. Various tech shares fell in premarket trading alongside Walt Disney Co., which said 28,000 workers will … Read the rest

A company owned by Sir James Dyson bagged the biggest EU farming subsidy paid to a private landowner in the UK last year.

The billionaire, whose bagless vacuum cleaner business announced it was moving its HQ from Britain to Singapore last year, had £3.7million from Brussels ploughed into his farm firm.

It means the EU has now diverted £8.7m into the coffers of the agricultural operation, Beeswax Dyson, since the Brexit vote in 2016.

Payouts to rich farmers – chicken feed compared to Mr Dyson’s estimated £16.2billion fortune – were branded “outrageous” by a top economist.

Official figures show Beeswax Dyson received £2,957,872 in EU direct aid subsidies, which are weighted according to the amount of land owned.

It also received £762,212 in rural development funding in the year to October 15 2019.

The total was an increase of more than £1m on the previous year.

More than £3bn is … Read the rest

Psilocybin could soon help millions of people tackle obesity and eating disorders. After all, the global obesity epidemic is still bursting at the seams. According to the World Health Organization (WHO) obesity has tripled in size over the last 50 years. In 2016, they note, 1.9 billion adults were overweight around the world. Of those, 650 million were considered obese. Just in the U.S., nearly 34% of adults and up to 20% of children are obese. By 2030, almost half of U.S. adults will be considered obese.

However, a solution may be found in psychedelics such as psilocybin, which activates serotonin receptors, or “nature’s own appetite suppressant,” as noted by Psychology Today. “This powerful brain chemical curbs cravings and shuts off appetite. It makes you feel satisfied even if your stomach is not full. The result is eating less and losing weight.” As we learn more about psilocybin and how … Read the rest

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The coronavirus pandemic could push 38 million people into poverty across East Asia and the Pacific as the region’s collective economy grows at its slowest pace in 50 years, according to the World Bank.

“COVID-19 is not only hitting the poor the hardest, it is creating ‘new poor.’ The region is confronted with an unprecedented set of challenges, and governments are facing tough choices,” said Victoria Kwakwa, vice president for East Asia and the Pacific at the World Bank.

According to the World Bank’s most recent report on the region’s economy, published Tuesday, China can expect to see positive economic growth this year—with GDP rising 2%. The country has managed to largely contain the COVID-19 outbreak and has restarted its economic engines by reopening factories and … Read the rest

(Bloomberg) — Economic confidence in the euro area improved for a fifth month, albeit at a slower pace as resurgent virus infections cast uncertainty over the outlook.A European Commission sentiment index rose more than expected in September, sending the euro to the highest level in nearly a week. Yet confidence remains more than 30% below its pre-crisis level and evidence is building that the steep rebound following the end of lockdowns has started to level off.Production expectations in industry, which initially bounced back sharply, have barely moved over the past two months, and the outlook for demand in services waned for a second straight month. A gauge measuring employment prospects also signaled a continued but weaker recovery in September.“The euro-zone economy is already showing signs of rebound fatigue,” said Bert Colijn, a senior economist at ING. “Second-wave worries add to expectations of further slowing of economic growth.”The European Central Bank … Read the rest

Dr Sanjeev Kanoria, is the founder and Chairman of Advinia Health Care, one of the top 10 private care providers in the UK which is now valued at around £250m.

Sanjeev started Advinia from a garden shed with his wife in 1999 after leaving McKinsey and completing his MBA at LBS. The 2018 acquisition of 22 care homes from international healthcare group Bupa saw the business grow by 500%, with 38 care homes and nearly 3,500 beds.

What inspired you to move into the care sector and set up Advinia? What is your current role in the business?

After a decade in the health sector, working as an NHS surgeon and as a healthcare consultant at McKinsey, I observed that Care was fragmented and poorly managed. Care homes had a bad reputation at the time, and I was keen to change that to ensure older people were able to secure … Read the rest