iterate

Unlike Apple or Nvidia, which in theory can iterate their products indefinitely, drugmakers face a regulatory law of physics: Every blockbuster eventually goes off patent.

“We will be open to buying the 85% solution and iterate together over time to achieve the 100% solution,” Mr. Hegseth said, instead of demanding endless specs that only a few big contractors can meet.

These conditions will help Chinese companies to engage in a trial-and-error process and iterate on products for practical application, they say.

The title of the monthly strategy note from the team at Indosuez, “Climbing the wall of worry” iterated several reasons for their constructive approach to the U.S. equity market, including productivity benefits of AI.

"Instead of juggling 10 links with search, you get a brief synthesis that you can edit and iterate in plain English," he says.