EC

• This influx of easy money has shored up markets for yacht-backed-loans and securities, dividends, share buy-backs, and merger and acquisition deals.
• Time and again, the financial sector has flooded certain parts of the economy while other parts remained parched.

Two parts of financial literacy

• Lack of financial literacy among most citizens is at least one of the causes – though there are competing definitions of the latter.
• On 7 June, the European Commission (EC) lamented that “levels of financial literacy in the EU are too low”, posing a threat to “personal and financial well-being, households and society more broadly.” However, here the institution takes a rather narrow view of financial education, limited to personal finance – i.e., teaching people how to manage budgets, achieve saving goals, and understand different financial products.
• Earlier in March, Sigrid Kaag, the Dutch Minister of Finance echoed a similarly minimalist view of financial literacy: “By practising how to save, plan and make choices from a young age onwards, children learn how to make sound financial decisions.” The other view of financial literacy, which we support, entails a far more ambitious understanding of the money system.
• “In the age of the CDS and CDO, most of us are financial illiterates”, wrote US financial journalist Matt Taibbi in 2009, referring to the complex financial products that triggered the Great Recession.

The waterworks

• For two and half years, we developed the “waterworks of money”, an architectural visualisation of our money system that bypasses the economic jargon.
• In an animated video, we walk you through a metaphorical representation of our money system, its hidden power made manifest.

What do we water?

• Indeed, the financial sector is to the economy what an irrigation system is for farming lands.
• The architecture of our financial irrigation system and the way the sluices and floodgates are operated impacts us all.
• That’s where banks, pension funds, asset managers, and insurance firms can make a difference,” she said.
• In reality, trickle-down economics popularised by US president Ronald Reagan and UK prime minister Margaret Thatcher, does not take place.
• In democracies, higher levels of systemic financial literacy are a prerequisite to change this architecture and make the financial sector serve society better.

• In the optical coatings market, the technologies used include vacuum deposition, E-beam evaporation, sputtering process, and ion-assisted deposition (IAD).
• AR coatings are the largest type of segment of the optical coatings market.
• The optical coatings market is categorized into various types, including AR coatings, high reflective coatings, transparent conductive coatings, filter coatings, beam splitter coatings, EC coatings, and others.
• The increasing demand for AR coatings in industrial and consumer applications is driving the growth of this segment in the global optical coatings market.

• Michael S. Weiss, the Company's Chairman and Chief Executive Officer, stated, “We are pleased to report our second quarter 2023 results, representing our first full quarter of BRIUMVI sales, which exceeded our expectations.
• Achieved $16 million in BRIUMVI net sales for the second quarter 2023, total net product revenue of $23.8 million since launch.
• Cash Position and Financial Guidance: Cash, cash equivalents and investment securities were $144.9 million as of June 30, 2023.
• The Company will host a conference call today, August 1, 2023, at 8:30 AM ET, to discuss the Company’s financial results from the second quarter, ended June 30, 2023, the Neuraxpharm ex-U.S. commercialization agreement, and provide a business outlook for the remainder of 2023.

• FRANKLIN LAKES, N.J., Aug. 1, 2023 /PRNewswire/ -- BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced U.S. Food and Drug Administration (FDA) 510(k) clearance for the BD Respiratory Viral Panel (RVP) for BD MAX™ System, a single molecular diagnostic combination test that identifies and distinguishes SARS-CoV-2, influenza A, influenza B, and Respiratory Syncytial Virus (RSV) in approximately two hours.
• The BD RVP test helps eliminate the need for multiple individual tests or doctor visits and can help clinicians implement the right treatment plan quickly.
• The BD Respiratory Viral Panel for BD MAX™ System was CE marked under the IVD directive 98/79/EC in May of 2022, and now with the 510(k) clearance, BD will discontinue the BD RVP EUA version and replace it with the 510(k) version, with no gaps in availability of the test.
• The BD MAX™ open system also allows customers to leverage research use only (RUO) assays and user-defined protocols (UDP) to address emerging needs quickly.