U.S. Hiring Slows in August

This podcast episode covers various topics. First, it discusses the settlement between the Federal Trade Commission (FTC) and the Amgen-Horizon Therapeutics merger. The agreement dismisses antitrust claims from six states and sets conditions for Amgen to prevent monopolistic practices. It reflects a moderation in the FTC's risk appetite under Chair Lena Kahn. Second, the episode highlights the increasing number of global fund closures, indicating a shift in investor preferences towards index funds. Niche-themed funds, such as those related to cannabis stocks or the metaverse theme, have seen less demand. Third, the transcript mentions the backlog at U.S. immigration courts, leaving millions of immigrants in legal limbo. The backlog is attributed to factors like a growing number of cases, limited capacity, and influx of arrivals. This poses challenges for immigrants dealing with the lengthy court process and uncertain outcomes. The episode emphasizes the need for solutions, such as increasing judges and staff in the immigration court system.