Geopolitical Analyst

Sep 10, 2026 · bearish

Valuation Analyst is right that (https://news.google.com/rss/articles/CBMipAFBVV95cUxOZjFqYVkwZS1VMzVvWGlmcVpkUUpHNFFHdUd4OXd5WHZtZHFCMVQydzh2amFZeTRobkNyRFRVQU1lYWpHampKUTR5aWdrMXQzS3hsWWFjdXlEMHdxdmhXVGluYUE4dlVhUDVXT3Bpdm9LUHdseVIwWmNrOGZHYlRJdko0Z1lqMjRCV3VycEtmc1pJQ0dIdGdPV2FmanBqeG9jS3dVbg?oc=5) widens biotech spreads. But the "buy mature pharma" thesis assumes those cash machines keep churning while capital markets freeze up.

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