In today's “investing pictures”, financial sector ETFs show resilience, up 1.1% this week, supported by strong bank earnings; net interest margins remain robust despite the Fed’s hawkish tone, signaling sustainable quarterly growth potential. Director Jon M. Chu shared the following statement with Entertainment Weekly when discussing the changes in "I'm Not That Girl" for the Wicked movie: We believe we’ve entered a new era characterized by a number of drivers that haven’t been prominent in investors’ memories in many years. Interest rates have regained primacy as the most important lever of monetary policy, inflation is a feature of the economic landscape and creates trade-offs we haven’t experienced in decades, geopolitical tensions are creating new risks and leading to a reconsideration of how the economy is configured, and a healthier private sector has the balance sheet to leverage up under the right conditions, while the government is highly indebted and shifting to play a more direct role in the economy and markets than we’ve experienced in a long time. All of these create an impression of going “back to the future”—grappling with an investment landscape that contains distinct echoes of a more distant past. There are also a few characteristics of this era we’ve never experienced before: the public sector has never been so indebted during an expansion; climate change and AI are likely to shape the world in unprecedented ways; and China’s economy is likely to look very different than in recent decades, with ripple effects on the rest of the world. Biotech “investing pictures” remain mixed, with the XBI ETF flat despite FDA approvals. Analysts caution about funding risks, but pipeline progress in oncology could shift sentiment in the second half of the year.