Thursday links: differentiated trust

RatesThe Federal Reserve doesn't control long term interest rates. (trendlabs.com)Are structural deficits going to keep long term rates high? (economist.com)IPOsIs anybody really ready for an Anthropic IPO? (barrons.com)Revolut plans to dual list in New York and London. (ft.com)FinanceJackson National ($JXN) is the 'largest issuer of traditional variable annuities in the United States.' (hntrbrk.com)The SEC has opened a path to tokenized equities. (cnbc.com)Private pension funding is not an issue. (snippet.finance)AIOutside of AI companies, who wins? (marketsentiment.co)People talk about AI with more certainty than it deserves. (spyglass.org)How to spread the benefits of AI to the public. (reidhoffman.substack.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)DefenseRussia has an advantage in jet-powered drones. (wsj.com)How AI has