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Why Some Societies Are More Entrepreneurial


Sree Vijaykumar Why do some regions seem to naturally foster startups, risk-taking, and innovation, while others don't? Wharton management professors Valentina Assenova and Raffi Amit set out to answer this question through their study of how culturally determined social norms affect attitudes toward entrepreneurship and the formation of firms.



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'We're the invisible ones': the chiefs of staff running the world's biggest companies - FT
'We're the invisible ones': the chiefs of staff running the world's biggest companies - FT
Long associated with politics or the military, the behind-the-scenes role is increasingly popular in the private sector


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The Arab world's last militant leader is elusive and defiant - WSJ
The Arab world's last militant leader is elusive and defiant - WSJ
Israel has battered its enemy commanders into submission except one: Abdulmalik Al-Houthi, a secrecy-obsessed fighter whose followers believe he is anointed by God.


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FDA's top drug regulator resigns after federal officials probe 'serious concerns' about his conduct
FDA's top drug regulator resigns after federal officials probe 'serious concerns' about his conduct
The head of the Food and Drug Administration's drug center abruptly resigned Sunday amid concerns about his personal conduct. A federal spokesperson said Dr. George Tidmarsh left the agency after federal lawyers began looking into "serious concerns about his personal conduct," according to an official statement. Tidmarsh had been serving as the FDA's top regulator since July. His resignation came the same day that a drugmaker filed a lawsuit against him alleging "false and defamatory statements" about its products. The drugmaker, Aurinia Pharmaceuticals, is chaired by one of Tidmarsh's former business associates.


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Trump's Major Student-Loan Repayment Overhaul Continues - BI
Trump's Major Student-Loan Repayment Overhaul Continues - BI
On Monday, the Department of Education will begin its second week of negotiations with stakeholders on President Donald Trump's plan to overhaul repayment plans and impose new caps on borrowing. The changes were codified in Trump's "big beautiful" spending bill, which he signed into law in July.
 
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The 5 Kinds of Capital That Can Save Generational Wealth: Advisor - BI
The 5 Kinds of Capital That Can Save Generational Wealth: Advisor - BI
A pioneer in family wealth management and author of "Family Wealth: Keeping It in the Family," Hughes is regarded as the father of modern family governance -- a man who taught dynasties that the secret to keeping their money isn't about spreadsheets or tax shelters.


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New nanoparticles stimulate the immune system to attack ovarian tumors
New nanoparticles stimulate the immune system to attack ovarian tumors
MIT researchers designed nanoparticles that can deliver an immune-stimulating molecule called IL-12 directly to ovarian tumors. When given to mice along with checkpoint inhibitors, the treatment eliminated metastatic tumors more than 80 percent of the time.


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Trump's National Guard deployments aren't random. They were planned years ago
President Trump and several others now high up in his second administration have been talking about using the National Guard to help with mass deportations -- and possibly invoking the Insurrection Act -- for years. Now, those plans might be playing out.


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How to beat the hard right, Netherlands edition - The Economist
How to beat the hard right, Netherlands edition - The Economist
It turns out that it is not so simple; but smiling helps
 
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Kimberly-Clark Agrees to Buy Kenvue, Maker of Tylenol, for $40 Billion
Kimberly-Clark Agrees to Buy Kenvue, Maker of Tylenol, for $40 Billion
The owner of Kleenex and Huggies will acquire the embattled company, which has fought claims by the Trump administration that a common pain reliever is linked to harmful side effects.


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'Heroic' actions of train employee and driver saved many lives in England stabbing attack, police say | CNN
'Heroic' actions of train employee and driver saved many lives in England stabbing attack, police say | CNN
There were just 11 minutes between the moment British police received an emergency call about a stabbing on a train heading to London and the moment the suspect was arrested.


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Gender inequality accelerates Japan's rural depopulation
Akita Prefecture has Japan's most aged population, lowest birthrate and fastest declining population. Rigid gender roles are prompting young women to leave rural areas like this for opportunities elsewhere.


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'I'm so excited': Jesse Eisenberg is donating a kidney to a stranger
'I'm so excited': Jesse Eisenberg is donating a kidney to a stranger
Actor and director, who is already a regular blood donor, says that he will make the organ donation next month


 
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How higher states of consciousness can forever change your perception of reality
How higher states of consciousness can forever change your perception of reality
Awakening experiences, often perceived as mysterious, are temporary expansions of awareness. Psychologist Steve Taylor's 15 years of research reveal three main triggers, offering a scientific understanding of these transformative perceptions.


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Trump administration is planning new mission in Mexico against cartels, current and former U.S. officials say
Trump administration is planning new mission in Mexico against cartels, current and former U.S. officials say
The new operation would include U.S. troops on the ground in Mexico striking drug labs and cartel leaders, according to current and former U.S. officials, though a deployment is not imminent.


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Two Partners at Goldman Said the Same Thing Keeps Them up at Night - BI
Two Partners at Goldman Said the Same Thing Keeps Them up at Night - BI
Between billion-dollar investments and global market shocks, partners at Goldman Sachs have no shortage of things to worry about. But two of them share a common nighttime preoccupation.


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Apple isn't playing the same AI capex game as the rest of the megacaps
While many of the largest tech companies race to build massive data centers for their artificial intelligence ambitions, Apple is taking a more modest approach.
 
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World's largest heat pump under development in Germany
World's largest heat pump under development in Germany
The 162 MW project is being developed by German utility MVV Energie. The system will use water from the Rhine river as a heat source and is expected to generate heat with temperatures of up to 130 C.


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Data ignorance is bliss for markets as government shutdown lingers on | Fortune
"The danger with this data is that its message will be given unwarranted credibility by the absence of proper economic data," said UBS's chief economist, Paul Donovan.


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Israeli military's ex-top lawyer arrested as scandal over video leak deepens
Israeli military's ex-top lawyer arrested as scandal over video leak deepens
Maj Gen Yifat Tomer-Yerushalmi resigned on Friday, admitting leaking a video allegedly showing abuse of a Palestinian detainee.


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Famine spreads to two more areas in Sudan, global hunger authority says
Famine spreads to two more areas in Sudan, global hunger authority says
The world's leading authority on hunger crises says famine has spread to two regions in war-torn Sudan. The Integrated Food Security Phase Classification says famine has been detected in el-Fasher city in Darfur and Kadugli town in South Kordofan province. Paramilitary forces rampaged through the besieged el-Fasher last week, reportedly killing hundreds of people. Sudan has been torn apart since April 2023 by a power struggle between the military and the paramilitary Rapid Support Forces. The U.N. says more than 40,000 people have been killed, but aid groups believe the true number could be much higher.


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Medieval tower partially collapses in Rome, badly injuring one worker and trapping another | CNN
Medieval tower partially collapses in Rome, badly injuring one worker and trapping another | CNN
A medieval tower in the heart of Italy's capital, near the famous Roman Forum ruins, partially collapsed on Monday during renovations of the structure, critically injuring one worker and trapping another, authorities said.


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Nvidia to invest up to $1 billion in AI startup Poolside, Bloomberg News reports
Nvidia will invest up to $1 billion in AI company Poolside, in a deal that would quadruple the startup's valuation, Bloomberg News reported on Thursday, citing people familiar with the matter.


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The World's Youngest Self-Made Billionaires Are A Trio Of 22-Year-Old AI Founders
The World's Youngest Self-Made Billionaires Are A Trio Of 22-Year-Old AI Founders
With a new $10 billion valuation for their AI recruiting startup Mercor, the founders are the youngest tech billionaires ever.


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Beijing Adviser Says US Talks Cement China as 'Equal Partner' - Bloomberg
Beijing Adviser Says US Talks Cement China as 'Equal Partner' - Bloomberg
The summit between Chinese President Xi Jinping and his American counterpart Donald Trump was a breakthrough in bilateral relationship where the Asian giant was treated as an "equal partner" of the US, according to David Daokui Li, a regular policy adviser to Beijing.


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How the US economy has defied doomsday predictions on tariffs - WSJ
How the US economy has defied doomsday predictions on tariffs - WSJ
When President Trump announced sweeping tariffs in April, economists predicted surging inflation and raised the odds of a recession. Companies and consumers stockpiled to get ahead of price rises. Those worries now seem overblown.


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Supreme Court Grapples With Suit by Soldier Injured in Bombing on U.S. Base
Supreme Court Grapples With Suit by Soldier Injured in Bombing on U.S. Base
The lawsuit stemmed from a 2016 suicide attack in Afghanistan by a former Taliban member hired as a subcontractor on an American military base.


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Restaurant recession rears its head as Chipotle, Sweetgreen hit hard
Restaurant recession rears its head as Chipotle, Sweetgreen hit hard
Young Americans are ditching $15 burritos for groceries — worrying CEOs and sending fast-casual stocks plunging as much as 80%


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The 10 most affordable cities in America to buy a home
The 10 most affordable cities in America to buy a home
Homeownership can feel impossible given the current economic climate, but some cities are still relatively affordable


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The 5 best states in America for retirees — and the 5 worst
The 5 best states in America for retirees — and the 5 worst
A new report examines costs, healthcare, and quality-of-life data to pinpoint the best and worst places to retire


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U.S. homeowners are underwater as pandemic housing boom deflates
U.S. homeowners are underwater as pandemic housing boom deflates
A growing number of American homeowners are finding themselves underwater. Here's what that means for the economy


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The states where Americans are struggling financially the most and least
The states where Americans are struggling financially the most and least
Some states are seeing high levels of financial distress, while others are coping better with turbulent economic times


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Tariffs will add $28 billion to holiday spending this year
Tariffs will add $28 billion to holiday spending this year
A new report from Lending Tree found that if tariffs had been in effect last winter, Americans would have spent an additional $132 apiece


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The 5 best countries for American expats in 2025
The 5 best countries for American expats in 2025
A survey of more than 10,000 people in 172 nations found the best countries for American expats this year


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John Irving Talks About 'Queen Esther,' Trump and Why He Can't Stop Writing
John Irving Talks About 'Queen Esther,' Trump and Why He Can't Stop Writing
The literary titan is still publishing books, and still pushing envelopes, at 83. But you will not see him in the United States anytime soon.


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After Hurricane Melissa, a Seaside Town in Jamaica Picks Up the Pieces
After Hurricane Melissa, a Seaside Town in Jamaica Picks Up the Pieces
The devastation caused by Hurricane Melissa in Black River, Jamaica, reflects the broader destruction and rebuilding facing many Jamaican communities.


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OpenAI signs massive AI compute deal with Amazon
OpenAI signs massive AI compute deal with Amazon
Deal will provide access to hundreds of thousands of Nvidia chips that power ChatGPT.


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Disruption to science will last longer than the US government shutdown
Disruption to science will last longer than the US government shutdown
The consequences of the shutdown extend far beyond a lapse in funding.


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Canada's Liberal party says budget of 'sacrifice' needed to avoid recession
Canada's Liberal party says budget of 'sacrifice' needed to avoid recession
In a post on social media on Monday, Carney said his "number one focus is to put Canadians back in control" by reducing reliance on the US and doubling exports to other nations - a move that will require citizens to make "difficult" and "responsible" choices.


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Trump administration says it will partially fund Snap food aid benefits- live
Trump administration says it will partially fund Snap food aid benefits- live
Patrick Penn, deputy under secretary for food, nutrition, and consumer services at the USDA, said in a court filing the agency was carefully considering using those funds but determined they must remain available for child nutrition programs instead of Snap.


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Trump approval rating falls to second-term low of 37%
Trump approval rating falls to second-term low of 37%
With the midterm elections coming up next November, 41% of Americans said that if they were voting for Congress today, their vote would be a way to show opposition to Trump. Meanwhile, 21% said their vote would signal support for Trump and 38% said their vote would not be about sending any message to him.


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Pfizer files second lawsuit against Novo Nordisk, Metsera in battle over obesity startup
Pfizer files second lawsuit against Novo Nordisk, Metsera in battle over obesity startup
In a statement, Pfizer said that the move by Novo, a Danish company, is “capturing and killing a nascent American competitor before it gains the support of Pfizer, one of America’s leading pharmaceutical companies.”


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2 Men Plotted Attack in Michigan on Halloween, U.S. Says
2 Men Plotted Attack in Michigan on Halloween, U.S. Says
The two men face federal charges of planning a terrorist attack inspired by the Islamic State.


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WIC Food Aid Program for Families Gets Funding Stopgap
WIC Food Aid Program for Families Gets Funding Stopgap
An injection of $450 million for WIC comes as the Trump administration announced it would only fund partial benefits for another food aid program, the Supplemental Nutrition Assistance Program, or SNAP, for November.


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2 Lawsuits Challenge New Rule Limiting Student Loan Forgiveness
2 Lawsuits Challenge New Rule Limiting Student Loan Forgiveness
Nonprofit groups and state officials warned that the rule could be used to penalize organizations and agencies at odds with the Trump administration’s political agenda.


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Trump Tells '60 Minutes' He Didn't Know Binance Billionaire He Pardoned
Trump Tells '60 Minutes' He Didn't Know Binance Billionaire He Pardoned
Changpeng Zhao had admitted to violations that allowed criminals to move money on the cryptocurrency exchange he founded, which struck a lucrative deal involving the Trump family’s own venture.


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Jack Smith, Trump's Target, Moves From Defense to Counterattack
Jack Smith, Trump's Target, Moves From Defense to Counterattack
The former special counsel has told people in his orbit he welcomes the opportunity to present the public case against the president denied to him by adverse court rulings and the 2024 election.


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Trial Begins for D.C. Man Accused of Throwing a Sandwich at a Federal Agent
Trial Begins for D.C. Man Accused of Throwing a Sandwich at a Federal Agent
Jury selection started on Monday for Sean C. Dunn, who was charged with misdemeanor assault after hitting a federal agent with a “sub-style sandwich.”


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Trump Administration to Send Only Partial Food Stamp Payments This Month
Trump Administration to Send Only Partial Food Stamp Payments This Month
The government said it would send the aid after a court ruled last week that it must preserve the program known as SNAP during the shutdown.


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Ford Foundation Leader Vows to Protect Elections and Law as Trump Threatens Crackdown
Ford Foundation Leader Vows to Protect Elections and Law as Trump Threatens Crackdown
Heather K. Gerken, a voting rights scholar and former dean of Yale Law School, plans to intensify its emphasis on democracy as it girds for attacks from the Trump administration.



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