It’s among the prohibitively expensive biologic pharmaceuticals being replaced by cheaper “biosimilar” copycats Worldwide sales of Humira have totaled $200 billion in the last 20 years—just about the biggest haul in the history of prescription drugs. The bonanza was predicated on charging as much as $84,000 for ayear’s supply. But price relief is on the … Continued
After a down year in 2020, prices exploded in 2021 for physical and digital art A work of art called Everydays—The First 5000 Days exists solely on the internet and has no presence in the physical world, yet it sold for nearly $70 million a year ago in online bidding at Christie’s. Observers heralded the jaw-dropping … Continued
The big American online retailer has become inextricably intertwined with China—but do Americans care? Amazon and China can’t seem to get enough of each other.If something’s made in China, then Amazon (AMZN) probably sells it—that’s the executive summary. Given that Walmart (WMT) followed a similar path to the East over the last several decades, that … Continued
Agtechs are creating indoor vertical “smart farms” that outproduce traditional flat farms by nearly 400% Imagine a future when an acre of farmland yields 400 times as much food as it produces today. Now, stop imagining. The necessary technology has already arrived. Welcome to the indoor vertical smart farming revolution. Unlike greenhouse farming—which relies on … Continued
Luckbox loves outliers. Rafael Nadal won his record-tying 20th major title at the French Open in Paris on Oct. 11. It was the 13th time that Nadal has lifted the winner’s trophy at Roland Garros, bringing his career record at the event to an astonishing 100-2. To put Nadal’s 13 titles at that event in … Continued
Mobile investing and trading may seem cutting edge in 2020, but current technology will likely seem archaic in the not-so-distant future. The real revolution in the financial markets will likely arrive as artificial intelligence (AI) and machine learning (ML) become more prevalent in the industry. Artificial intelligence refers to sentient machines, which likely won’t appear … Continued
Many investors and traders are currently grappling with a broader understanding of the current coronavirus crisis in the context of market history. Due to the extreme spike in volatility during 2020, which was also observed during the previous Financial Crisis in 2008-2009, market participants (pundits and traders alike) have tried to extrapolate lessons from that … Continued
Three tennis players who are candidates for GOAT—greatest of all time—have faced each other repeatedly. Luckbox picks the best. GOAT, which stands for “greatest of all time,” is usually applied to sports. But choosing the GOAT inevitably leads to controversy. Who’s better—Babe Ruth or Barry Bonds? Michael Jordan or LeBron James? Tom Brady or Joe … Continued
