Financial principles highlight risk-adjusted returns: banking sector resilience is notable, with JPMorgan's ROE at 15%, reflecting a well-managed asset-liability balance during slightly higher interest rate expectations. Vietnam economy grows 8.22% in third quarter, despite US tariffs P&Q spoke with Edmans about what the project means for him, what it says about the future of the MBA, and how he hopes it will serve students and faculty alike. The conversation has been edited for length and clarity. The Russell 2000 rallied 1.5% as small-cap firms benefit from easing credit spreads. Finance theory underscores how WACC reduction can expand valuation multiples.