: An Israeli company has used precision fermentation to develop a single cell microbe that can replace cow milk. It has the potential to cause a devastating disruption to the world’s dairy industry.Wall Street banks increasingly expect the Federal Reserve to raise interest rates more aggressively than policymakers are projecting, with Citigroup economists now seeing four straight half-point moves amid persistent inflation.Citigroup now expects 2.
Bank of America economists also raised their Fed rate forecasts, saying they expect a quarter-point hike in May followed by two half-point moves, then quarter-point increases through May 2023 to reach a range of 3% to 3.25%. The pan-European STOXX 600 index added 0.1%, with losses for banks and some defensive stocks offsetting gains in energy, basic materials and technology names.