How a nonfinancial conflict of interest can threaten public health

So-called black box warnings on prescription medications are supposed to alert people to the possibility that using the medication can cause serious or life-threatening events. They often, but not always, do this well.

The dangerous, outdated black box warning on all antidepressants, including newer, safer SSRI antidepressants (Prozac was the first of these) represents one of the failures of this process. These strident warnings about teens and young adults are required on every container of antidepressants and advertisements for them. The often-exaggerated media reports of the dangers of these antidepressants give them the air of incontestable truth.

More than a decade’s worth of studies have revealed that the warnings on these antidepressants aimed at teens and young adults, which are intended to alert clinicians to be on the lookout for young people having thoughts of suicide at the start of treatment, have actually discouraged teens and young adults from

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Covid-19 stokes interest in health and fitness, and sportswear chains such as Lululemon, Decathlon, and Sweaty Betty reap the benefits



a woman holding a football ball: A fitness event sponsored by Decathlon in Hong Kong. The French sportswear chain avoided opening in Hong Kong for years because rents were too high, and only now is expanding as rents fall further amid an exodus of luxury stores from the city.


A fitness event sponsored by Decathlon in Hong Kong. The French sportswear chain avoided opening in Hong Kong for years because rents were too high, and only now is expanding as rents fall further amid an exodus of luxury stores from the city.

When British activewear brand Sweaty Betty opened its first store in Hong Kong in October 2019 – a small boutique in the upscale IFC Mall – the city’s retail industry was in the early stages of what would become one of its worst slumps in history.

Following months of anti-government protests that caused frequent temporary store closures, especially on weekends, and a plunge in arrivals of high-spending visitors from China, Hong Kong’s retail scene had by then been severely impacted.

The start of the coronavirus pandemic in early 2020 and the ensuing global economic downturn that shows no signs of abating have dealt yet another blow to

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Social Issues, Outperformance Are Increasing Interest in ESG Investing

Source: Adobe Stock

A strong relative performance in the first quarter of 2020 and heightened awareness over social issues is shining a spotlight on environmental, social and governance (ESG) investing.

ESG investing has drawn more assets each year, and Morningstar data from May shows sustainable fund flows were resilient during the market selloff caused by the coronavirus pandemic. During the first quarter, the global sustainable fund universe pulled in $45.6 billion versus an outflow of $384.7 billion for the overall fund universe, the research firm said. U.S. flows accounted for 23 percent of that first-quarter figure.

Of course, ESG funds lost money during the market selloff, but they lost less than the broader market during that time, performing better on a relative basis, Morningstar said in a different report. During the first quarter, the returns of 70 percent of sustainable equity funds ranked in the top halves of their categories,

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