Thursday assorted links - Marginal REVOLUTION

1. Lisa Cook stays in office at least through January.

2. “There are 19,000 private equity funds in the US. There are 14,000 McDonald’s in the US. How are there more private equity funds than McDonald’s? That’s actually crazy, right?” (Bloomberg link)

3. Zvi praises Claude 4.5.

4. Is the stablecoin duopoly breaking down?

5. Worries about bank lending to shadow banks (FT).

6. Music companies may license content to AI companies for training, based on a system of attribution and micropayments (FT).

7. “Prospect of life on Saturn’s moons rises after discovery of organic substances.“