Psychedelic Davos The World Economic Forum, a gathering of the global elite now synonymous with the quaint Swiss town of Davos where it’s held, isn’t the usual place you’d expect to find a shaman, do breathwork or get rooted in your body. But this year’s gathering of government leaders and corporate executives had access to a “Medical Psychedelics House of Davos” program with almost 40 sessions and speakers, including researchers, entrepreneurs, investors — and some who consider themselves shamans. While not part of the core Davos agenda, which doesn’t permit commercial activity, the program has a space on the town’s main promenade, which traditionally showcases Fortune 500 companies to the conference’s attendees. The program, a first for Davos, shows how far the psychedelics industry has come, organizers said. Read more.
Mon May 23 World Economic Forum in Davos. U.S. Supreme Court releases an order list. | Tue May 24 Biden at Quad summit with Japan, Australia and India in Tokyo. | Wed May 25 FOMC minutes. CFTC derivatives forum. | Thu May 26 Digital assets in the House. | Fri May 27 Basel Committee meets. Australia holds national elections on Saturday, with opinion polls showing Prime Minister Scott Morrison’s center-right Liberal National coalition government making up ground against Anthony Albanese’s opposition Labor Party. The World Economic Forum returns, the global leadership summit’s first in-person gathering in Davos, Switzerland, since the start of the pandemic. It comes at a time of massive geopolitical and economic challenges. In his first trip to Asia as U.S. president, Joe Biden joins Japanese Prime Minister Fumio Kishidain Tokyo Monday, followed by a Quad summit with Japan, Australia and India the next day. Biden also plans to unveil the Indo-Pacific Economic Framework at an event that will feature virtual appearances by other leaders from the region.
Security threat. The virtual Quadrilateral Security Dialogue (Quad) meeting on March 12. Photo: Kiyoshi Ota | Bloomberg Canada has joined its closest intelligence allies in banning Huawei and ZTE gear from fifth-generation wireless networks, citing a threat to national security. Firms that already have the Chinese equipment installed will have to remove it by the end of 2027. The ban will almost certainly stoke tensions between the two countries. Meanwhile, China’s top diplomat has again warned the U.S. over its support for Taiwan, saying that if the White House goes “further and further down the wrong road, it will certainly lead to a dangerous situation.” And “the Quad” — an informal group that brings together the U.S., Japan, India and Australia in an effort to counter China’s growing power — is gaining momentum in another blow to Beijing.
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