Press Releases

PHILADELPHIA, August 3, 2021 — The Chairman, Directors, and Officers of the International Foundation for Research in Experimental Economics (IFREE) take pleasure in announcing Dr. Judd Kessler, Associate Professor of Business Economics and Public Policy at the Wharton School of the University of Pennsylvania, as the 2021 recipient of the Vernon L. Smith Ascending Scholar Prize. Named ...Read More

Incoming MBA Class First-Ever in School History with Equal Gender Representation PHILADELPHIA, July 28, 2021—The Wharton School of the University of Pennsylvania today announced that, for the first time in its 140-year history, women will comprise more than 50% of the incoming first year class of MBA students. At nearly…Read More Read More

Leading firms invest in Black Futures with formation of “AltFinance” Initiative to introduce more HBCU students to the influential alternative investment industry NEW YORK, June 15, 2021 – Apollo Global Management, Inc. (Apollo), Ares Management Corporation (Ares) and Oaktree Capital Management, L.P. (Oaktree) today announced a 10-year, $90 million, industry-first…Read More Read More

Interest in crypto and decentralized finance (DeFi) rose sharply during the pandemic and investment has accelerated While DeFi has the potential to transform the financial system, it lacks a clear policy landscape that could help accelerate benefits and mitigate risks To help policy-makers make sense of these trends and to…Read More Read More

PHILADELPHIA, June 7, 2021 – Philadelphia Mayor Jim Kenney announced today the launch of “Philly Vax Sweepstakes,” a series of three citywide drawings designed to give Philadelphians extra motivation to get their vaccination against COVID-19 as the city fully reopens this summer.  A total of 36 vaccinated Philadelphians will win…Read More Read More

PHILADELPHIA, PA, May 20, 2021 – The University of Pennsylvania (“the University,” “Penn”) is delighted to announce a new anonymous gift of $5 million in the form of Bitcoin – the largest cryptocurrency gift the University has ever received. Facilitated by NYDIG, an industry leader in providing Bitcoin technology and…Read More Read More

Research reveals evidence-based management practices to improve workplace culture PHILADELPHIA, May 19, 2021—The Wharton School of the University of Pennsylvania, with support from Moody’s Corporation and DiversityInc, today published a new study, Improving Workplace Culture Through Evidence-Based Diversity, Equity and Inclusion Practices, examining the relationship between diversity, equity and inclusion (DEI)…Read More Read More

PHILADELPHIA, May 18, 2021—The University of Pennsylvania marked the 265th Commencement with a limited in-person undergraduate Commencement Ceremony for the Class of 2021 at Franklin Field on the morning of Monday, May 17. Alumna, entrepreneur, and philanthropist Laurene Powell Jobs, who earned a B.A. in political science from the College of Arts and Sciences and ...Read More

AFP would increase federal debt by 4.6% and decrease GDP by 0.4% in 2050 PHILADELPHIA, May 5, 2021—On April 28, 2021, President Biden released the second phase of his administration’s infrastructure plan, the American Families Plan (AFP). The AFP is a $1.8 trillion proposal focusing on federal investment in childcare,…Read More Read More

Washington D.C., May 3, 2021 – The Securities and Exchange Commission today announced that Jessica Wachter has been appointed Chief Economist and Director of the Division of Economic and Risk Analysis (DERA). Wachter joins the SEC from the Wharton School, University of Pennsylvania, where she has been a professor since 2003. “For centuries, capital markets have ...Read More