Monday links: the cost of money

MarketsHealth care stocks are at all-time highs. (trendlabs.com)The momentum trade can unwind quickly. (wsj.com)ETFsWhat you need to know about T-bill ETFs. (advisorperspectives.com)Why niche ETF sponsors keep getting snapped up. (pionline.com)A look at the history of the Teucrium Wheat Fund ($WEAT). (philbak.substack.com)Prediction marketsKalshi has teamed up with Alpaca to push overseas. (cnbc.com)Why a prediction markets case will likely end up in the Supreme Court. (frontofficesports.com)George Santos earned a lifetime ban from Kalshi. (wired.com)Private equityPE firms are buying up companies in construction and engineering. (pitchbook.com)Why PE is investing big in the business of private jet infrastructure. (bloomberg.com)Stay in touchDon't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)PharmaThe FDA approved Mounjaro to lower the risk of heart ev