Good morning RMN subscribers and welcome to the Wednesday Morning Brief focused on Risk.
Today we are taking a look at how risk is increasingly becoming a political football:
- Why wildfires are at the center of the prediction market/risk market debate.
- How the reinsurance industry is pushing back on the Trump Administration's scramble to undo federal science infrastructure.
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LIVE Aug 31: Financial Markets Is Waking Up to Foodborne Outbreak Risk
This summer, a record cyclosporiasis outbreak reached national brands in 31 states, and a jalapeño-linked salmonella outbreak knocked nearly 9% off a major food brand's market value in a single session — despite an industry that's spent hundreds of millions building sophisticated food safety programs.
Join us Monday, August 31 at 2:00 PM ET for a live conversation with Hal King — CDC outbreak investigator, architect of Chick-fil-A's enterprise food safety program, and advisor to the largest foodservice brands in the country. We'll cover how outbreak risk propagates through supply chains, why supplier concentration is an accumulation problem finance would recognize, and King's case for governing food safety at the board level the way public companies govern financial integrity.
Live Q&A throughout.
Wildfire Bets Put Prediction Markets' Risk Transfer Ambitions on Trial
Nine Senate Democrats led by Jeff Merkley pressed CFTC Chairman Michael Selig to bar event contracts on wildfires, demanding answers by last Friday (Aug. 14) on whether the agency will exclude disaster betting from its pending prediction market rulemaking. The deadline that passed without a public response.
