In this week's Indicator of the Week podcast, we explore three significant economic trends. First, we look at the challenges faced by DNA testing company 23andMe, which underscores the risks of subscription-based models and the difficulties of shifting into drug development. Next, we discuss Netflix's entry into live sports, highlighted by a Mike Tyson boxing match, reflecting a growing trend among streaming services to diversify their offerings in order to attract and keep subscribers. Lastly, we examine the recent spike in Bitcoin's value following Donald Trump's presidential announcement, considering how psychological factors play a role. The allure of cryptocurrency trading taps into our brain's reward systems, helping to explain its ongoing popularity.
