Podcasts about Chevron

This episode of The John Phillips Show is a must-listen for anyone concerned about the state of California. With the homelessness crisis, high taxes, and businesses leaving the state in droves, it's clear that something needs to change. Join John Phillips and his guest, Jeff Vaughn, as they discuss the latest developments in the California Exodus, including the mass departure of major companies like Chevron and Stone Brewing Company. Jeff Vaughn, an Emmy Award-winning journalist and founder of On LACA, shares his insights on the state's economic woes and the impact of policies like the billionaires' tax. He also talks about the importance of data centers in supporting AI and how California's ban on them could have far-reaching consequences. The conversation is a wake-up call for anyone who cares about the future of the Golden State. The discussion also touches on the upcoming Los Angeles mayoral election, where candidates Karen Bass and Nithya Raman are vying for the top spot. Jeff Vaughn shares his thoughts on the candidates' policies and the impact they could have on the city. With the city's streets becoming increasingly crowded with street vendors, the conversation highlights the need for effective regulation and enforcement. Tune in to this episode to hear Jeff Vaughn's expert analysis and insights on the state of California and its future. Don't miss this thought-provoking conversation and join the discussion on the issues that matter most.See omnystudio.com/listener for privacy information.

Industrial Talk is talking to Max Cundiff and Doug Ebaugh at Chevron about "Lubrication and maintaining asset reliability". Scott Mackenzie from Industrial Talk Podcast discusses the importance of electrical maintenance safety with IRISS, which offers infrared and ultrasonic inspection windows to detect issues early. He then introduces Max and Doug from Chevron's lubrication arm, highlighting their innovative solutions for power generation and data centers. Max and Doug explain the critical role of lubrication in maintaining reliability, especially in combined cycle power plants, and the importance of predictive maintenance using oil analysis. They also discuss the challenges of meeting the growing demand for electricity in data centers and the need for proactive maintenance strategies. Contact information for Chevron Lubricants is provided for further inquiries. Outline Introduction and Overview of Industrial Talk Podcast Scott Mackenzie introduces himself and the Industrial Talk Podcast, emphasizing its focus on industry professionals and their innovations.Scott highlights the importance of safety in industrial operations and mentions Iris, a company that provides technologies for safe inspection of energized equipment.Scott introduces the guests, Max and Doug from Chevron, and their roles in the lubrication arm of Chevron.Scott shares a personal anecdote about a lip injury and transitions to discussing the importance of reliability and upcoming events like SMRP. Discussion on Marketing and Content Creation Scott discusses the challenges of marketing for small to midsize companies on LinkedIn, noting the algorithm's preference for large companies.Scott emphasizes the importance of creating a consistent campaign to tell a company's story and the value of repurposing content across different platforms.Scott highlights the need for companies to create a content-generating machine to maintain visibility and engagement.Scott offers his services for marketing and PR, encouraging companies to reach out to him for help in telling their stories. Introduction of Max and Doug from Chevron Scott welcomes Max and Doug to the podcast and mentions their roles at Chevron.Max introduces himself as the industrial sector marketing manager for Chevron Lubricants, focusing on power generation, manufacturing, oil and gas, and petrochemical applications.Doug introduces himself as a chemical engineer with a background in various industries, currently serving as a direct industrial business consultant and subject matter expert for lubrication and reliability at Chevron.Scott and the guests discuss their backgrounds and experiences, including Doug's transition to Chevron and his previous roles in heavy transportation and logistics. Challenges and Solutions in Power Generation and Data Centers Max and Doug discuss the growing demand for electricity in data centers and the importance of maintaining reliability in power generation.Doug explains the role of lubrication in combined cycle power plants, emphasizing the need for good lubrication to prevent equipment failure.Max highlights the importance of understanding market needs and working with OEMs to develop products that meet customer requirements.The discussion covers the challenges of meeting the increasing demand for power in data centers and the need for reliable lubrication solutions. Chevron's Approach to Market Demands and Product Development Max explains the complexity of meeting market demands for data centers and the importance of collaboration with various stakeholders.Doug discusses the importance of understanding oil oxidation and the role of lubrication in preventing equipment failure.Max and Doug highlight the use of Vartec technology in Chevron's turbine oils to prevent varnish formation and improve reliability.The conversation touches on the importance of oil analysis and predictive maintenance to extend the life of equipment and prevent unplanned downtime. Future Trends and Contact Information Max shares his thoughts on the future of reliability in various industries, emphasizing the importance of continuous improvement.Doug provides contact information for listeners who want to learn more about Chevron's lubrication solutions and services.Scott encourages listeners to reach out to Max and Doug for further discussions and to attend industry events like SMRP.The podcast concludes with Scott reiterating the importance of marketing and storytelling for industrial companies and inviting listeners to connect with him for more information. If interested in being on the Industrial Talk show, simply contact us and let's have a quick conversation. Finally, get your exclusive free access to the Industrial Academy and a series on “Why You Need To Podcast” for Greater Success in 2026. All links designed for keeping you current in this rapidly changing Industrial Market. Learn! Grow! Enjoy! MAX CUNDIFF'S CONTACT INFORMATION: Personal LinkedIn: https://www.linkedin.com/in/max-cundiff-66865224/ Company LinkedIn: https://www.linkedin.com/company/chevron/ Company Website: https://www.chevron.com/ DOUG EBAUGH'S CONTACT INFORMATION: Personal LinkedIn: https://www.linkedin.com/in/douglasebaugh/ PODCAST VIDEO: https://youtu.be/bh-8IcniQHI THE STRATEGIC REASON "WHY YOU NEED TO PODCAST": OTHER GREAT INDUSTRIAL RESOURCES: NEOM: https://www.neom.com/en-us Hexagon: https://hexagon.com/ Arduino: https://www.arduino.cc/ Fictiv: https://www.fictiv.com/ Hitachi Vantara: https://www.hitachivantara.com/en-us/home.html Industrial Marketing Solutions:  https://industrialtalk.com/industrial-marketing/ Industrial Academy: https://industrialtalk.com/industrial-academy/ Industrial Dojo: https://industrialtalk.com/industrial_dojo/...

//The Wire//2300Z August 25, 2026// //ROUTINE// //BLUF: CIA DIRECTOR CONDUCTS MYSTERIOUS VISIT TO MOSCOW. AMERICAN TRADE DISPUTE WITH CANADA DETERIORATES AS BOTH SIDES DIG IN AND ANNOUNCE MUTUAL TARIFFS. IRAN STRIKES ANOTHER TANKER IN HORMUZ.// -----BEGIN TEARLINE-----  -International Events-Middle East: Last night Iran struck another tanker vessel in the Strait of Hormuz, which resulted in the vessel being disabled just off the coast of Oman. The vessel has not been identified as of this report, however this is the first tanker vessel struck by Iran in about a week.Russia: This morning unique aviation traffic was observed, centered around a US Air Force C-17 which took off from Riga, Latvia bound for Moscow. The transport aircraft (Callsign REACH4555) took off from Riga, landing in Moscow a few hours later, with both the United States and Russia not acknowledging the movement. Russians in Moscow also reported seeing American vehicles with diplomatic license plates being escorted by Russian police in the vicinity of the Kremlin.Analyst Comment: So far, neither side has confirmed who this aircraft movement was related to, however this appears to be a visit by CIA Director John Ratcliffe, who arrived for confidential talks with President Putin. This visit (particularly conducted in this manner) is highly unusual, and since all sides are ignoring questions about what was discussed, it will be quite interesting to find out what this visit was really about in a few days. The route taken by Ratcliffe's plane into Russia from Latvia was probably a hint regarding what the very short meeting was related to, but this can be interpreted in many different ways which are all speculative. Landing in Riga was not really necessary; the C-17 could have landed directly in Moscow without diverting to Latvia. Russia has been eyeing the targeting of NATO members for supplying Ukraine with munitions for a few months now, and though we have only complete speculation to rely on, it's possible that the visit was related to that. It could also be related to the rapidly escalating strikes on energy infrastructure throughout Russia and Ukraine. Both parties are slugging it out by destroying major petroleum infrastructure which is being made worse by the war in the Middle East, and the CIA Director would be the level of station that would be put on a plane to broker a miniature truce on that front. Whatever it was, it was certainly not without major importance. The last time the chief spy visited the Kremlin was five years ago, when Director Burns visited Russia to warn against invading Ukraine. That visit was largely kept a secret and only disclosed after the fact, whereas this morning's visit was telegraphed to the world to see very visibly.Canada: The trade dispute with the United States continues to deteriorate as both sides intensify hostile rhetoric on the economic front. So far, talks have stalled and both sides appear to be heading toward a return to mutual retaliatory tariffs. Over the past few days President Trump has threatened to impose a 50% tax on all automotive and auto parts imports from Canada, and this morning Canada announced a similar threats of tariffs on American imports.-HomeFront-Nevada: The Hawk Fire continues to demonstrate active fire behavior as weather conditions have allowed the fire's spread over the past 24 hours. As of this morning, almost 90,000 people are either in mandatory evacuation zones, or are in the "get ready" zones, preparing to evacuate. Good progress was made overnight by crews digging handlines, which have prioritized defending residences in Dog Valley. The weather forecast indicates an increase in conditions favorable for fire behavior over the next 24 hours, with the National Interagency Fire Center predicting the potential for the fire to make major runs to the Northeast and Northwest over the next few days.-----END TEARLINE-----Analyst Comments: Within the Middle East, another threat vector bears consideration as the United States and Iran engage in their economic-warfare phase of the conflict. Yesterday, the United States announced the start of this economic campaign, which began with no real solid and tangible tactics being disclosed. More generally, this plan is an economic version of "if you're not with us, you're against us", and is intended to force other nations that have been sitting on the fence, to choose to support the United States (or at least, not support Iran). The issue with this plan, is that Iran has publicly stated many times that they will not be engaging in tit-for-tat economic policies...they will be meeting economic targeting, with kinetic targeting.How serious they are about this, is anyone's guess; they may just be content to let the Americans continue the economic warfare, on the bet that it won't really affect them since they've been sanctioned for half a century already. However, if Iran does decide to use missiles and drones to respond to American economic targeting, this could get ugly.For instance, if the United States somehow seriously hurts their ability to work with Pakistan to export oil through their pipeline, the Iranians might strike a Chevron facility in Iraq. And they probably won't be hitting the storage tanks, but the office trailer where they know Americans are working. They could also hit the American-linked banking headquarters facilities with precision strikes in Dubai, as a message to both parties. Based on the rhetoric that has been flying all around, this would be an example of the next rungs on the escalation ladder that both sides are climbing by the day. Iran limiting their strikes to only valid military targets and petroleum facilities so far during this war, might lend one to have the false assumption that Iran has been striking the most significant targets they could find. In terms of risk management, if the Iranians have indeed been holding back, the only way that the US will find out that their assumptions are wrong, will be Iranian munitions landing at facilities that the US did not expect.Analyst: S2A1 Research: https://publish.obsidian.md/s2underground NomadNet: 5fa68c88be727a0e1a250a75e5e79269 Disclaimer: No LLMs were used in the writing of this report. //END REPORT//

Willie Phillips is the former chairman of the Federal Energy Regulatory Commission (FERC) and now a partner at Holland & Knight. During his time at FERC, Phillips helped lead major reforms to transmission planning and the electric grid's interconnection process. He now advises the companies and utilities he once regulated, giving him a unique perspective on how developers can navigate the regulatory system. In this episode of Inevitable, Phillips explains how FERC works, what companies routinely get wrong when engaging with regulators, and why early participation and pre-filing conversations can dramatically improve the odds of success. He also breaks down the Supreme Court's overturning of the Chevron doctrine and how his team designed Order 1920 around reliability and existing legal precedent. The conversation then turns to the bigger challenge facing the U.S. grid: rapidly growing electricity demand from AI, data centers, electrification, and industrial activity. Phillips argues that the grid was not built for this moment and that the country needs faster, more coordinated planning while preserving the role of states and regional authorities. Finally, Phillips discusses large loads, behind-the-meter generation, vertically integrated utilities, and the possibility that hyperscalers could become major power generators. He argues that regulators, utilities, and technology companies have an opportunity to work together to build the infrastructure needed for the next era of the American economy. Episode recorded on July 29, 2026 (Published on August 25, 2026). In this episode, we cover:  (0:00) An overview of FERC and Willie Phillips's career (6:31) How companies can successfully navigate the FERC process (9:07) What overturning Chevron means for federal regulators (12:00) Order 1920 and the need for long-term transmission planning (13:35) Reforming the interconnection queue (15:39) How FERC navigated legal uncertainty around grid reform (17:29) Why America needs to “do big things” with the electric grid (20:42) FERC, states, and the future of grid planning (23:33) America's energy infrastructure race with China (25:02) Why large loads are transforming the grid (27:07) A 21st-century economy running on 20th-century rules (28:18) FERC's approach to accelerating large-load interconnections (30:15) Why reliability, affordability, sustainability, and speed matter (31:30) The jurisdictional questions around large loads (33:06) Organized markets vs. vertically integrated utilities (37:40) Reliability, affordability, and the value of invisible infrastructure (40:35) Behind-the-meter generation and co-location (43:17) Could hyperscalers become major power generators? (44:09) Turning hyperscalers into partners in building the grid (46:09) Why the energy transition needs the voice of investors and innovators Enjoyed this episode? Please leave us a review! Share feedback or suggest future topics and guests at info@mcj.vc.Connect with MCJ:Cody Simms on LinkedInVisit mcj.vcSubscribe to the MCJ Newsletter*Editing and post-production work for this episode was provided by The Podcast Consultant

GUnitedHealth shareholders sue company over ‘corporate governance failures on a historic scale' UBS fined record $125 million for money laundering violations$125 million civil penalty to the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering law.FinCEN said the fine is the largest ever assessed against a broker-dealer for BSA violations.The settlement marks FinCEN's second enforcement action against UBS Financial Services, a subsidiary of the Swiss bank UBS. The firm had previously paid a $14.5 million penalty in December 2018 for similar failures, including inadequate monitoring of foreign currency wire transfers.Despite assurances to regulators that it would fix the underlying problems, the firm subsequently failed to monitor more than 50,000 foreign currency wires with a combined value exceeding $10 billion.SEC launches new enforcement unit aimed at accounting fraudHow??The unit will be housed within the SEC's Division of Enforcement and staffed by both attorneys and accountants with specialized skills related to financial reporting, accounting, and auditing in securities regulation, according to the announcement.The announcement is “a little surprising” given the SEC's current deregulatory focus under Chair Paul Atkins, Rebecca Fike, a partner in Reed Smith's regulatory and enforcement group, told CFO Dive.Andreessen Horowitz Focus of DOJ Probe Over Board DirectorsBIG DATA and AI BS‍ ‍Gwyneth Paltrow is rumored to be throwing a party for AI mogul Sam Altman. People don't love the opticsPaltrow played WeWork Rebekah NeumannAnthropic is embedding invisible watermarks in Claude text and images Young People Hate AI CEOs So Passionately That It's Almost Hard to BelieveCNBC survey asked over 1,000 US adults aged between 18 and 34Asked “who do you trust to act responsibly on AI?” the vast majority of participants said they “don't trust” any of the nine figures.Palantir's extremely controversial CEO Alex Karp scored the lowest, with 81 percent choosing “don't trust,” while Microsoft CEO Satya Nadella fared the best — albeit with a pitiful 35 percent “trust” score.Everyone else fell in between: 79 percent of respondents said they don't trust Peter Thiel, while a whopping 71, 70, and 69 percent said they “don't trust” Mark Zuckerberg, Elon Musk, and Sam Altman, respectivelyMeta, others lose appeal to drop thousands of social media addiction lawsuitsA U.S. Appeals Court [Judge Jacqueline Nguyen] said that thousands of lawsuits targeting Meta Platforms, ByteDance's TikTok and other social media outlets over claims that social media is harmful and addictive can proceed.The court also denied Meta's request to postpone a trial over allegations that they used data from children to keep them on its platforms.AI data center outrage is showing up everywhere from ads to electionsSpirit Flight Attendants Fight Google's Data Bid for AIThe flight attendants want assurance that their confidential information will be removed from the sale of the defunct airline's digital recordsCULTURE WARSThe 'MAGA Alternative to Amazon' Is Fighting for Survival After Nearly $160M in Losses and 99% Stock CrashPublicSquare's marketplace has struggled to grow despite political backing, prompting a costly shift to financial servicesDisney is suing the FCC in a departure from former CEO Bob Iger's strategy US firms that kept DEI policies despite ‘go woke, go broke' threats thrived Ellison Is Now Willing to Sell CNN to Save His $111 Billion DealE Solar Panels on Storage Units: Illinois Is Going All In on This No-Brainer First test flight of largest all-electric aircraft used just $5 of electricity Trump ordered to release billions in climate grants meant for Black communitiesa $2.8 billion program meant to help mitigate the harm from climate change and environmental issues in Black, low-income, and disadvantaged communities.Trump tried to curb clean energy. It's booming anywayClean energy additions will rise by a record 45 gigawatts this year, according to S&P Global Energy—equivalent to the average electricity demand of Turkey. The increase is roughly 25 percent higher than the record set in 2024.It Just Got Way Easier to Sue Fossil Fuel Companies Over Climate ChangeClimate attribution scienceA new peer-reviewed study published earlier this month in Earth's Future suggests that it is possible to demonstrate that “emissions from company X cause injury Y.”It also could potentially provide evidence so industry could be forced to answer for climate impacts.The new methodological framework has, for the first time, drawn a straight line from single corporate emitters like Exxon or Chevron, or even whole countries like the United States, to specific heatwaves and areas of extreme rainfall.By running over 150 simulations across 8 different climate models, the study's author, Christopher Callahan—an Earth systems scientist and assistant professor at Indiana University's O'Neill School of Public and Environmental Affairs—built a statistical model to figure out the relationship between the amount of carbon dioxide in the atmosphere and the odds of extreme heat or rain. He then used real emissions data to calculate the extent to which specific fossil fuel emitters increased the risk of extreme weather.SPEED ROUND‍ ‍DuckDuckGo Is Selling Anti Pervert Glasses That Contain Zero AI, Cameras, or Even Electronics Whatsoever Jason Kelce Wants Fans to 'Pee on Computers' to Protest AI Water Use: 'We Want Your Pee' Cards Against Humanity Unveils 'Sad Little Bitch' Elon Musk Monument Near Texas StarbaseFrance bans unsolicited telemarketing calls--$87,000 fine per call I'm the CEO of Siemens. I reply to most emails with 2-letter responses and don't have recurring meetingsScientists Genetically Engineer High-Protein LettuceGen Z is bringing pen and paper back to the workplaceArianna Huffington says even high-flying CEOs are unhappy and feel stuck in their multimillion-dollar jobs: ‘It's a trap'Bank of America is splashing out $250 million a year on weight loss drugs for its staff: ‘We see a great impact on employees,' CEO says‘We see a great impact on employees,' CEO saysExcuse me? Body shamer.

We've launched Minimum Competence CLE, and our first course is now available completely free. Researching Federal Tax Issues After Loper Brightlooks at how the Supreme Court's decision ending Chevron deference changes the way lawyers should research and evaluate Treasury regulations, IRS guidance, and other federal tax authorities.Take the course and earn CLE credit at cle.minimumcomp.com.This Day in Legal History: Communist Control ActOn August 24, 1954, President Dwight Eisenhower signed the Communist Control Act, a law that did something extraordinary in a country built around the First Amendment: it effectively outlawed a political party. The Act declared the Communist Party of the United States an instrument of a conspiracy to overthrow the government. It stripped it of “all rights, privileges, and immunities” available to legal organizations, and made knowing membership in the party potentially criminal.Perhaps more remarkable is how little resistance any of this encountered. This was the height of the McCarthy era, when the political cost of appearing insufficiently hostile to communism was enormous. The bill passed the Senate 79-0 and the House 265-2. Those margins tell you something important about the moment: liberals and conservatives alike had strong incentives to demonstrate their anti-communist bona fides, and almost no one had much incentive to be the person standing up for the constitutional rights of communists. Eisenhower signed the bill, and, at least on paper, an American political party ceased to have any legal existence.The significance of August 24, 1954 is mostly as a lesson in what happens to civil liberties when they are placed under enough political pressure—and in the messier ways our constitutional system often corrects itself. The Communist Control Act was constitutionally dubious from the start; punishing someone for just belonging to a political organization runs directly into the freedoms of speech and association. But the law was rarely enforced, courts largely avoided confronting its most sweeping provisions head-on, and it gradually withered into a stricture approaching a dead letter, though it technically remains on the books. Later Supreme Court decisions made considerably clearer that the government can't punish mere association or abstract advocacy, as opposed to incitement to imminent lawless action.That makes this a fitting anniversary for a day when we also have a story about protesters sentenced for their political activity. The point captured in today's opening quote from Justice Brandeis is easy to endorse when the speaker and the cause are popular. The real test of the freedom to think and speak as you will comes when neither is.A federal judge has struck down one of the administration's broader immigration policies, vacating a State Department decision that suspended immigrant visa processing for applicants from 75 countries.The policy, announced in January, halted immigrant visa processing for nationals of 75 countries—including Afghanistan, Iran, Russia, and Somalia—on the theory that applicants from those countries were likely to require public assistance. U.S. District Judge Jeannette Vargas in Manhattan called the policy “patently unlawful,” but the interesting part of the decision is less the rhetoric than the relatively straightforward statutory problem she identified: Secretary of State Marco Rubio did not have the power Congress gave someone else.Federal immigration law expressly limits the Secretary of State's authority over how consular officers process immigrant visas. The administration therefore could not use the Secretary's general authority to accomplish something Congress had specifically placed beyond his reach. It is a theme we have seen repeatedly this summer: not some enormous constitutional confrontation over presidential power, but the considerably more mundane question of whether the executive branch can point to a statute that actually authorizes what it is doing.Vargas's order also does more than stop the policy going forward. She vacated visa denials based solely on the suspended-processing policy, meaning applicants who were turned away under it can have their applications reconsidered. The lawsuit was brought by immigrant-rights organizations, visa applicants, and U.S. citizens seeking visas for family members.The broader point is that immigration and foreign affairs may be areas in which the executive branch enjoys substantial discretion, but discretion is not the same thing as unlimited authority. The government still needs to identify where Congress gave it the power it claims to possess. Here, the court concluded Congress had done essentially the opposite.US judge strikes down policy suspending immigrant visa processing for 75 nations | ReutersWashington Post · Al JazeeraSeven pro-Palestinian protesters who shut down the Golden Gate Bridge in 2024 have now been sentenced, and the result is a useful little illustration of how the law handles civil disobedience.The seven were among 26 protesters who drove onto the bridge in April 2024, stopped their vehicles, and chained themselves together to protest the war in Gaza, blocking traffic for hours. They were convicted in July of misdemeanor false imprisonment, obstruction of a thoroughfare, and unlawful assembly. On Friday, they were sentenced to 30 days in jail—with an option that could cut that time in half—along with six months of probation and roughly $1,000 in fines and restitution.The First Amendment line here is not especially mysterious. Protest is protected; physically preventing other people from leaving is not. That is the significance of the false-imprisonment charge: motorists were stuck on a bridge with nowhere else to go. You can stand alongside the road holding a sign. You do not acquire a First Amendment right to chain the road shut merely because your reason for doing it is political.But the sentence is interesting in the other direction. The defendants potentially faced years in prison and received 30 days, while prosecutors dropped the most serious felony conspiracy charge after the jury deadlocked on it. That gap illustrates just how much calibration occurs after we decide that conduct is criminal. Prosecutors and judges can recognize both that the protesters deliberately interfered with the rights of hundreds of other people and that they did so as part of nonviolent political expression rather than for personal gain or predatory purposes.That is more or less how a legal system metabolizes civil disobedience: the political motivation does not erase the underlying offense, but neither must the law pretend that motivation is irrelevant when deciding how severely to punish it. On the anniversary of the Communist Control Act, it is an especially useful reminder that the legal treatment of dissent rarely comes down to a simple choice between “protected” and “illegal.” Much of the real work happens in between.Pro-Palestinian protesters sentenced over blocking Golden Gate Bridge traffic | ReutersKQED · Mission LocalAnd finally, TikTok and parent company ByteDance have agreed to pay $400 million to settle the Justice Department's lawsuit accusing the platform of violating federal children's privacy law—an enormous number for a case built around a statute passed before TikTok, or really modern social media, existed.The Justice Department filed the lawsuit in 2024 on behalf of the Federal Trade Commission, alleging that TikTok allowed millions of children under 13 to create accounts without their parents' knowledge or consent and then made it unnecessarily difficult for parents to have those accounts deleted. The statute at issue is COPPA, the Children's Online Privacy Protection Act of 1998, which generally requires online services covered by the law to obtain verifiable parental consent before collecting personal information from children under 13.There is an especially interesting wrinkle in how the $400 million settlement is structured. TikTok will pay $300 million now and another $100 million once a court vacates an earlier consent decree entered against Musical.ly, TikTok's predecessor. That matters because this is not the first time the platform has encountered the government over children's privacy. Musical.ly had already been penalized over COPPA violations, and the government's latest case alleged that the problems continued afterward.TikTok is settling without admitting wrongdoing and says it has made substantial changes to its age controls and parental-oversight systems. But whatever one thinks of the underlying allegations, $400 million is a fairly substantial reminder that COPPA is not merely a disclosure statute sitting around from the early Internet.And this case fits into the larger fight over children and social media from a somewhat different direction than the addiction and product-design litigation we have been following. Those cases ask what platforms may design for children and what harms those designs may cause. COPPA asks the considerably less glamorous but foundational question that comes before all of that: who gets to collect information about children in the first place, and on what terms? Four hundred million dollars suggests the government still thinks the answer matters quite a bit.US Justice Department, TikTok settle $400 million children's privacy suit | ReutersAxios · Justice Department This is a public episode. 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Welcome to the Energy Newsbeat, where host Stu Turley breaks down the ten most critical energy stories shaping global markets and infrastructure. In this episode, we explore a landscape marked by unprecedented challenges and opportunities: from the alarming vulnerability of the U.S. power grid to coordinated cyberattacks, to Iraq's aggressive push to double oil production and reshape Middle Eastern energy politics. As geopolitical tensions escalate—with Ukraine striking Russian refineries and the U.S. tightening sanctions on Iran—the global energy market faces historic supply constraints, record-high refining margins, and tanker costs that are reshaping fuel prices worldwide. Meanwhile, the explosive growth of AI data centers is creating a power demand crisis that threatens to overwhelm manufacturing capacity for years to come. This episode examines how these interconnected forces—from grid security and sanctions effectiveness to renewable energy policy and oil market dynamics—are fundamentally transforming the energy landscape and what it means for consumers, investors, and national security.1. U.S. Grid Vulnerability & Blackout RiskThe host discusses the critical vulnerability of the U.S. power grid to coordinated attacks on substations. Former FERC chairman John Wellinghoff warned that targeting just nine key substations could cause an 18-month nationwide blackout, potentially affecting millions. The episode emphasizes the importance of backup power systems and preparedness.2. Iraq's Oil Production Expansion & OPEC DynamicsIraq is aggressively pursuing plans to double its oil production capacity to 8-10 million barrels per day, with major oil companies (Chevron, Exxon, BP) securing new contracts. The discussion explores whether OPEC will allow this expansion and how Iraq is building export routes through Turkey to bypass the Strait of Hormuz.3. Sanctions on Iran & Their EffectivenessThe episode covers U.S. Treasury Secretary Bessen's sanctions strategy against Iran, examining whether sanctions are effectively constraining Iran's oil exports. Evidence shows Iran's exports have collapsed from 1.8-2.1 million barrels per day to near zero, though Iran is finding workarounds using land-based truck transport.4. Drone Threats to Oil InfrastructureThe UAE has installed massive metal cage structures over oil storage tanks in Abu Dhabi for anti-drone protection—a response to increasing drone strikes on energy infrastructure in the Ukraine-Russia conflict. This reflects how modern warfare is changing energy security.5. Ukraine's Strikes on Russian RefineriesUkraine has successfully struck major Russian refineries, including the Lukoil refinery in Perm, degrading Russia's refining capacity and military fuel supply. This has significant global oil market implications.6. Diesel Supply Shortages & Crack SpreadsHedge funds are reducing bearish bets on European diesel, signaling expected fuel supply shortages. U.S. crack spreads (the profit margin for refining) have hit record highs at $102 per barrel, driven by tight inventories and high tanker costs—not refinery gouging.7. AI Data Center Power Demand CrisisGE Vernova's gas turbine backlog has hit 116 gigawatts with delivery delays until 2031. The episode explores how AI data centers' massive power appetite is creating a manufacturing bottleneck, forcing companies to "bring your own power" (BYOP) solutions.8. Floating Offshore Wind Farms in BritainThe UK is moving to expensive floating offshore wind farms with 200 new turbines and 300-400 kilometers of cables. The host argues this approach will increase energy costs and require natural gas backup, contradicting net-zero goals.9. Winter Gasoline Waiver & Ethanol PolicyThe Trump administration issued an emergency waiver allowing early transition to winter-grade gasoline to help curb prices. The host advocates for eliminating ethanol mandates, arguing it wastes energy and increases consumer costs.10. Venezuela Oil Rig RestartSchlumberger (SLB) is preparing to restart 15 idle oil rigs in Venezuela to ease drilling bottlenecks, though Venezuela faces energy constraints that complicate operations.Overarching Theme: The podcast emphasizes that global energy markets are tight, oil and gas remain essential long-term, and geopolitical factors (sanctions, conflicts, infrastructure attacks) are reshaping energy supply chains and prices.1.What if 9 Substations were Targeted on the US Grid? Would Jon Wellinghoff's Prediction of an 18-Month US Grid Blackout Happen?2.Will Iraq leave OPEC, or will OPEC allow Iraq to double exports within six years?3.Will Choking Iran's Economy End the War, or Are They Too Resilient?4.UAE Cageing Up Their Oil Storage for Anti-Drone Protection5.Ukraine Hits Lukoil Refinery. How Degraded is the Russian Refinery Capacity?6.Hedge Funds Cut Bearish Bets on European Diesel to Two-Year Low7.GE Vernova's Gas Turbine Backlog Hits 116 GW. What Does This Mean for the AI Market?8.Britain Doubles Down on Wind by Moving to Floating Wind Farms for More Expensive Energy9.US Allows Early Sales of Winter Gasoline to Help Curb Prices10.SLB Prepares to Restart 15 Oil Rigs in VenezuelaA shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling, and we use their tools for the Energy News Beat weekly Rig Reports: https://welldatabase.com/

ExxonMobil, Chevron, and TotalEnergies are cash generating machines.  (0:15) - Where In The Energy Industry Should You Be Looking To Invest Right Now? (11:10) - Tracey's Top Stock Picks For Your Watchlist (43:00) - Episode Roundup: XOM, CVX, TTE, VLO, MPC

We've launched Minimum Competence CLE, and our first course is now available completely free. Researching Federal Tax Issues After Loper Brightlooks at how the Supreme Court's decision ending Chevron deference changes the way lawyers should research and evaluate Treasury regulations, IRS guidance, and other federal tax authorities.Take the course and earn CLE credit at cle.minimumcomp.com.This Day in Legal History: The American Bar Association Is FoundedOn August 21, 1878, seventy-five lawyers from twenty-one states gathered in Saratoga Springs, New York, and founded the American Bar Association. The stated mission had all the ambition—and word count—you would expect from a nineteenth-century professional organization: “the advancement of the science of jurisprudence, the promotion of the administration of justice, and a uniformity of legislation throughout the country.”James Overton Broadhead, a Missouri lawyer, became the ABA's first president. And the idea apparently had some appeal. Within a year, the organization had grown from its original 75 members to nearly 300.It is worth remembering just how different the legal profession looked at the time. There were few meaningful licensing standards, legal education varied enormously from one place to another, and there was nothing resembling a national voice for lawyers. “The bar,” such as it was, was largely a collection of state and local institutions operating under their own rules and traditions.The ABA helped change that.Over the next century, it became one of the principal forces behind the professionalization of American law. It developed model ethics standards, eventually producing what became the Model Rules of Professional Conduct that form the basis for lawyer regulation in most states. It became enormously influential in law-school accreditation. And for decades, its assessments of federal judicial nominees carried substantial weight in Washington.In other words, the ABA became something close to an institutional center of gravity for a profession that, by design, does not really have one. Whether that has always been a good thing is a separate question—and there is certainly no shortage of lawyers willing to debate it.But the date is particularly interesting this year because the ABA is once again squarely in the headlines.Just this week, we covered the organization's lawsuit challenging the administration's executive orders targeting major law firms. The ABA's argument, at bottom, is that the government is attempting to use its power to punish lawyers and firms for representing clients or causes the administration dislikes—and, in doing so, pressure the broader legal profession into falling in line.There is a rather striking symmetry to it.An organization founded nearly 150 years ago in part to promote “the administration of justice” now finds itself in court arguing that the independence of the lawyers responsible for administering that system is itself under threat.One can agree or disagree with the ABA's politics—and plenty of people do. But the principle underlying its founding is harder to dismiss. A legal profession capable of governing itself, enforcing its own standards, and, when necessary, telling political power “no” is not merely a professional convenience. It is part of the architecture of the rule of law.Of course, independence is only valuable if lawyers actually use it. Which brings us neatly back to today's opening quote from Charles Hamilton Houston: what lawyers choose to do with the power and independence their profession gives them matters enormously.Nearly 150 years after those 75 lawyers met in Saratoga Springs, that question has hardly become less relevant.Another key test case in the massive social-media litigation has evaporated: a New Jersey teenager has voluntarily dropped her lawsuit against Meta, Google, and Snap, just weeks before it was set for trial in October. The 15-year-old, identified in court records only by her initials, had alleged that the companies' platforms fueled addiction, depression, and self-harm. Notably, her lawyer said she received no payment to walk away—she simply wanted, in the attorney's words, to “resume her life.” TikTok had earlier settled her claims separately. If you've been following along, this should sound familiar: back in July, we covered a different teen plaintiff, in a bellwether case against Meta, dropping his claims days before trial. Now it's happened again. Here's why it matters strategically. These are “bellwether” cases—representative individual lawsuits, plucked from a pool of thousands, tried first so both sides can gauge how juries will react and calibrate settlement value. When a marquee bellwether disappears right before trial, it removes a data point everyone was watching. And the reason this one vanished is worth sitting with: not a secret settlement, but a teenager deciding she didn't want to spend her life as the face of a landmark lawsuit, subjected to discovery into her mental health and cross-examination about her worst moments. The significance is a quiet illustration of a real tension in mass litigation—the individual plaintiffs who anchor these cases are often young and vulnerable, and the litigation itself exacts a toll that can lead them to walk away. Meanwhile, the states' cases, like the 29-state trial underway in California, march on without that problem, because a state attorney general doesn't have a childhood to protect. US teen drops lawsuit against Meta, Google, Snap ahead of trial | ReutersBenzinga · WJLAThe Justice Department is seeking to question the FBI officials who carried out the 2022 search of Mar-a-Lago—a striking move that turns the machinery of investigation around to point at the investigators. According to sources, the requests are coming from a team working under Joe diGenova, a Trump ally now overseeing a Florida-based probe, and the investigation is reportedly built on the theory that Trump was the victim of a criminal conspiracy against his rights. Let's recall the facts, because they matter. The 2022 search was authorized by a federal judge and turned up more than 100 classified documents at Mar-a-Lago, including highly sensitive national-security records. That led to charges against Trump and two associates for retaining classified material and obstruction. The case never reached a jury on the merits—it was dismissed after a judge concluded the special counsel, Jack Smith, had been unlawfully appointed, and the DOJ dropped its appeal after Trump won the 2024 election. So here's the inversion: agents who executed a lawful, court-approved search warrant, and found exactly the classified documents the warrant anticipated, are now themselves the subjects of scrutiny, under a theory that pursuing Trump was itself a crime against him. The significance is about the independence of law enforcement and the chilling effect of retribution. When agents who followed a valid warrant can be investigated years later for having done so—by a team led by a political ally of the person they investigated—it sends a message to every FBI agent and prosecutor about the personal risk of investigating the powerful. It's the same thread we pulled on yesterday with the Comey prosecution: the concern that federal law-enforcement power is being turned to punish the president's perceived enemies rather than to pursue crime. DOJ seeks to question FBI officials tied to search of Trump Mar-a-Lago estate, sources say | ReutersWashington Post · Yahoo NewsAnd finally, a fight is heating up that will help define who owns the raw material of the AI era: your voice. In federal court in Illinois, a group of journalists, podcasters, voice actors, and audiobook narrators are suing a who's-who of tech—Apple, Amazon, Meta, Microsoft, Nvidia, Samsung, Alphabet, Adobe, and the AI voice company ElevenLabs—alleging the companies harvested their “voiceprints” from publicly available audio recordings and used them to train commercial AI voice models without consent. This week, the two sides squared off over the companies' motions to dismiss. The legal engine here is a powerful Illinois statute called BIPA, the Biometric Information Privacy Act—the same law that produced a $650 million settlement from Facebook over face-tagging. BIPA treats biometric identifiers, including voiceprints, as something a company can't collect or use without informed consent, and it comes with statutory damages and a private right of action, which makes it a serious threat. The core dispute is about harm. The tech companies argue the plaintiffs can't point to any concrete injury—no cloned voice showed up in a product they can identify—so there's nothing to sue over. The plaintiffs counter that the harvesting itself is the harm: BIPA was designed to stop the nonconsensual capture of your biometric identity in the first place, whether or not it later surfaces in a product. The significance is that this is a preview of the defining legal question of AI training: the models are built on enormous quantities of human-created data—our voices, our writing, our faces—often scraped without asking, and the law is scrambling to decide whether that scraping is a harm in itself. Old privacy statutes like BIPA are becoming the sharpest tools plaintiffs have, and how these motions come out will shape whether the people whose voices train the machines have any say at all. Lawyers square off in fight over voice data used to train AI | ReutersMacDailyNews · Crypto Briefing This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

We've launched Minimum Competence CLE, and our first course is now available completely free. Researching Federal Tax Issues After Loper Bright looks at how the Supreme Court's decision ending Chevron deference changes the way lawyers should research and evaluate Treasury regulations, IRS guidance, and other federal tax authorities.Take the course and earn CLE credit at cle.minimumcomp.com.This Day in Legal History: The Salem Witch TrialsOn August 19, 1692, five people—George Burroughs, John Proctor, John Willard, Martha Carrier, and George Jacobs Sr.—were hanged at Salem, Massachusetts, convicted of witchcraft. It was one of the darkest days in a period that has become the enduring American shorthand for a legal system gone catastrophically wrong.What makes the Salem trials so instructive for lawyers is that they weren't lawless in form—they had judges, juries, indictments, and testimony. They failed on substance, and specifically on evidence. The courts admitted so-called “spectral evidence”: testimony from accusers that the defendant's ghostly apparition had tormented them, something no one else could see or disprove. It was, by its nature, impossible to rebut—the perfect engine for convicting the innocent. The case of George Burroughs, a Harvard-educated former minister, captures the horror of it. At the gallows, Burroughs recited the Lord's Prayer flawlessly—something a witch, according to popular belief, should have been incapable of doing. The crowd was shaken; it looked like proof of innocence. He was hanged anyway. When the evidence and the conclusion pointed in opposite directions, the conclusion won.The significance of August 19, 1692 is that it became a permanent cautionary tale baked into American law. Within months, prominent voices—including the minister Increase Mather, who gave us today's opening quote about the danger of condemning the innocent—turned against the use of spectral evidence, and the trials collapsed. In the centuries since, the reforms we associate with due process—rules of evidence, the presumption of innocence, the requirement of proof that can actually be tested and challenged—are in many ways a long answer to Salem. It's a fitting backdrop for a day when two of our stories turn on evidence: what an insider witness reveals under oath, and what a litigant is allowed to keep hidden. Salem is the reminder of what happens when a legal system stops caring whether its evidence is real.In the landmark trial where 29 states accuse Meta of designing its platforms to addict and harm children, jurors heard from a powerful first witness: Arturo Bejar, a former Facebook engineering director turned whistleblower. Bejar worked at the company for years, and he told the Oakland jury that internal culture put growth ahead of kids' safety—that “move fast and break things” was the mantra, that Meta took a “don't ask, don't tell” approach to whether children under 13 were on the platform, and that the company used the softer euphemism “problematic use” instead of “addiction” in a way that, he testified, undercounted the real harm. His central accusation is that Meta's leadership knew, from its own internal research, what its products were doing to young users—and chose not to act. There's a revealing legal sub-story here, too. Meta tried hard to keep Bejar off the stand, arguing he'd failed to preserve evidence because he deleted some Signal messages with former colleagues. Judge Yvonne Gonzalez Rogers rejected that as a long-shot bid to eliminate a key witness. Meta, for its part, flatly denies the claims, insisting it never set out to hook children and has worked to make its platforms safer. The significance is that this is the evidentiary heart of the case: not abstract allegations about algorithms, but an insider describing, under oath, what he says the company knew and how it talked about it internally. It's the same pattern that broke open the tobacco cases—a witness from inside translating the company's own euphemisms back into plain English for a jury. Whether jurors believe him will shape one of the most consequential product cases in years. Former Meta engineer resumes testimony in landmark trial over social media's harm to young users | ReutersThe Globe and Mail · LPM / NPRA federal judge in Texas has declared the Biden-era “ghost gun” rule unconstitutional—a striking move, because the Supreme Court upheld that very rule just last year. Some background: ghost guns are firearms assembled from parts or kits that lack serial numbers, making them largely untraceable, and in 2022 the ATF issued a rule bringing those parts and kits under federal firearms regulation. Judge Reed O'Connor in Fort Worth had originally struck the rule down as exceeding the agency's statutory authority—but in March 2025, the Supreme Court reversed him, holding the rule was a permissible reading of the Gun Control Act. Here's the maneuver worth understanding: the Supreme Court decided a statutory question—whether the agency had the power to issue the rule. It did not decide the constitutional questions. So O'Connor has now ruled again, this time on entirely different grounds, holding that the rule violates the Second Amendment right to keep and bear arms and is unconstitutionally vague under the Fifth Amendment's due process clause. In effect, when the statutory door closed, the challengers walked through the constitutional one, and the same judge let them in—blocking the rule as to certain products for Defense Distributed and members of the Second Amendment Foundation. Gun-control advocates called the decision “egregiously wrong” and predicted an appeal. But there's a genuine wrinkle: the Justice Department that would normally defend a Biden-era rule is now the Trump administration's DOJ, which is far more sympathetic to gun-rights arguments—so whether the government vigorously appeals its own rule's defeat is an open question. The significance is a vivid lesson in how litigation adapts: a Supreme Court win on statutory grounds does not necessarily end a fight if constitutional theories remain, and a determined judge can find a new path to the same result. Biden-era ‘ghost guns' restrictions are unconstitutional, US judge rules | ReutersUS News · Maryland Daily RecordThe Trump administration has invoked presidential privilege to keep secret the identities of the people who crafted its executive orders targeting major law firms. The context: last year the American Bar Association sued the White House and Justice Department over what it calls a “law firm intimidation policy”—a series of executive orders aimed at punishing firms for representing clients, causes, or positions the president dislikes, and, the ABA argues, coercing lawyers into dropping those clients. In discovery, the ABA wants to know who was behind the orders and whether officials specifically intended to discourage firms from taking on cases against the government. The administration's response is what's notable. It has formally invoked the presidential communications privilege—the same doctrine at the heart of the Nixon tapes case—but stretched it in an aggressive direction: the DOJ argues the privilege shields not just the substance of confidential advice, but the very identities of the people who gave it, whether or not they're executive-branch employees, and whether or not they're even lawyers. In other words, the government is claiming it can keep secret who wrote the orders. Here's the tension. The presidential communications privilege is real and important—presidents need candid advice—but it's qualified, not absolute; the Supreme Court in United States v. Nixon made clear it can yield to a sufficient showing of need. Extending it to conceal the mere identity of outside advisers, people who may not work for the government at all, is a notably broad claim. The significance is a double irony worth sitting with: these are executive orders designed to punish lawyers for their advocacy, and now the government is using one of the law's most powerful secrecy doctrines to hide who dreamed them up. Whether a court accepts that will say a lot about how far executive privilege can be stretched to shield the process behind a controversial policy. Trump invokes presidential privilege in lawsuit over law firm orders | ReutersAbove the Law · Law & CrimeAnd finally, in a piece I wrote for Forbes this week, I take up a question the president has apparently been chewing on: can the federal government stop New York's new pied-à-terre tax—the surcharge on second homes I've written about before? My short answer is that there's a federal solution, but it almost certainly isn't the one Trump wants, because he has almost nothing he can do on his own.Start with the executive branch. The president cannot simply nullify a state tax by executive order—that's not a power he has. The Justice Department could jump into the existing litigation or file its own federal challenge, but neither goes anywhere useful. The big obstacle is the Tax Injunction Act, a federal statute that keeps federal district courts out of the business of blocking state tax collection whenever taxpayers have an adequate remedy in their own state courts—which, here, they do. And when the DOJ once tried to get around that law by suing on behalf of homeowners over an allegedly discriminatory New York property-tax system, a federal court said no, you can't evade the Tax Injunction Act that way. So the executive route is basically a dead end; the administration can litigate, apply pressure, and post on Truth Social, but it can't make the tax disappear.Congress, though, has a real—if difficult—path, and this is where it gets genuinely interesting as a matter of federalism. Congress has more power over state taxation than the president does. It has limited state taxes before: a federal railroad law, for instance, bars certain discriminatory property taxes on railroads and even gives federal courts jurisdiction to enforce it despite the Tax Injunction Act. And in a case called Arizona Public Service v. Snead, the Supreme Court upheld a federal statute enacted specifically to preempt a New Mexico tax that Congress found discriminated against interstate commerce. So using its affirmative Commerce Clause power, Congress can prohibit state taxes it decides burden interstate commerce. But there are two catches I walk through. First, anti-commandeering: Congress can't order New York to repeal anything—it would have to regulate all states directly, invalidating a defined category of tax. Second, and harder, New York drafted this tax cleverly to dodge the obvious constitutional attack: it taxes based on use—whether a home is your primary residence—not based on whether you're an in-stater or an out-of-stater. A New Jerseyan's Manhattan apartment can be exempt if it's their primary home; a New Yorker's second home gets taxed. That use-not-residency design makes the usual discrimination claim much harder, and it means Congress would have to build a long, strained logical chain connecting a residence-neutral property tax to interstate commerce, then tailor a preemption statute to it and defend the whole contraption in court. So, yes, a federal fix is theoretically possible—but it runs entirely through Congress, and it's a heavy lift. Which is a lawyer's way of saying there's probably not much the administration can actually do. My bet is that Trump just stops posting about it.Trump Can't Stop New York's Pied-À-Terre Tax This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

What if the biggest threat to the world's energy infrastructure is something you can't even look at? Dr Chiraz Ennaceur, CEO and Co-founder of Cambridge-based CorrosionRADAR, joined James and Faye for one of our most compelling conversations to date - a masterclass in deep tech entrepreneurship, customer-led product development, and building a global business from a genuinely unglamorous industrial problem.Corrosion costs the global economy an estimated $3 trillion every year, and by 2030, replacing corroded steel is projected to account for up to 9% of greenhouse gas emissions. CorrosionRADAR tackles one particularly stubborn variant: corrosion under insulation (CUI), where the very material designed to protect industrial pipelines and vessels creates the perfect conditions for hidden decay."We are the doctor of things rather than the doctor of people. We go, we look, we diagnose, and we find solutions to make sure that things are running in a safe way."The company's sensor technology - including what it claims is the world's longest CUI sensor at 50 metres - installs beneath insulation and feeds real-time data into its Clarity software platform, delivering granular risk assessment without ever needing to remove the insulation itself.Key highlights from the episode:The founding story: Chiraz worked at TWI (The Welding Institute) for a decade before leaving in 2016 to pursue the entrepreneurial dream she'd had since her PhD in France. A two-weekend programme for female entrepreneurs gave her the confidence to act. The Cranfield connection: CorrosionRADAR is a spinout from Cranfield University, where co-founder Dr Prafull Sharma developed the core electromagnetic guided radar technology that underpins the product.Capital efficiency: The company has raised $14 million across multiple rounds - modest by deep tech standards - because it prioritised paying customers from day one. First customer signed within six months of founding. First investor secured in the same year.Who's backing them: Aramco Ventures - the investment arm of the world's largest oil company - started as a customer and became an investor. ADNOC and Chevron are also in the customer base.The team: CorrosionRADAR now employs nearly 50 people across Cambridge, the Middle East and a growing US operation, including newly appointed CMO Steve Tongish, previously of IQGeo, RealVNC and AVEVA.What's next: Three strategic pillars - moving from predictive to autonomous AI (powered by an in-house engine called Hakima), global expansion, and positioning for the new build energy transition market.The founder's advice to founders:"Don't wait for a perfect product. Go and find your early adopters - the ones happy to try something that isn't 100% working. Because there is a huge difference between your nice, clean lab and the crude places where this technology actually gets used."This is a rare window into what disciplined, customer-obsessed deep tech company building actually looks like. CorrosionRADAR didn't chase the AI hype cycle or raise money it didn't need. It built hardware when everyone said to avoid hardware, stayed focused on five key customers when it could have spread thin, and turned a niche industrial problem into global market leadership.If you're building in the industrial IoT, energy tech or sensor space - or you're an investor trying to understand what genuine product-market fit looks like in enterprise deep tech - this episode is essential listening.Headline sponsor Holden Polestar Produced by Cambridge TV #CamTechPod Hosted on Acast. See acast.com/privacy for more information.

In June of this year, Comms Declare published a report titled From Cradle to Career, which looked into the influence and sponsorship of major coal, oil and gas corporations in childhood settings such as schools, museums, sporting clubs, scholarships and career pathway programs. It identified approximately 260 publicly documented programs, partnerships, sponsorships and other initiatives through which major fossil fuel companies, including Woodside, Shell, Chevron, Santos, BHP and Glencore, engage with Australian children and young people.  It's the first national report to expose the marketing by these companies in these kinds of settings, and it found that policy loopholes are allowing private companies to reach our kids in these places. Shae speaks to Belinda Noble, the President and Founder of Comms Declare, and Nic Seton, the CEO of Parents for Climate, about the report.  Head to https://www.parentsforclimate.org/not_for_sale to sign the petition calling for a Senate Inquiry into fossil fuel sponsorship in childhood education settings. parentsforclimate.orghttps://commsdeclare.org/http://commsdeclare.org/cradle-to-career/ Image: Sectional School Building (2015), by Heritage Branch Staff, CC-BY-4.0

【聊了什么】 同样讨论总统罢免权，FTC 不是例外，美联储却是；同样声称尊重文本和原意，保守派大法官在出生公民权、投票权和跨性别权益案中，却一次次更换自己的法理工具。 本期我们与 Nancy、品达一起盘点美国最高法院 2025-2026 开庭期：特朗普的“单一行政权”走到了哪一步？谁仍然被视为美国人？《投票权法》还剩下多少效力？跨性别学生为什么被排除在女子校队之外？当法院的判决越来越只能用政治解释，偶尔对特朗普说“不”，究竟是制度制衡，还是“小骂大帮忙”？ 【支持我们】 如果喜欢这期节目并希望支持我们将节目继续做下去： 也欢迎加入我们的会员计划： https://theamericanroulette.com/paid-membership/ 会员可以收到每周2-5封newsletter，可以加入会员社群，参加会员活动，并享受更多福利。 合作投稿邮箱：american.roulette.pod@gmail.com 【时间轴】 01:39 FTC 与美联储：特朗普能解雇谁 08:02 “单一行政权”如何成为保守派共识 28:29 出生公民权与谁算“美国人” 43:31 TPS 终止：移民身份和司法审查 53:35 投票权法、黑人选区与政治划区 1:02:02 最高法院还有稳定法理吗 1:13:01 跨性别学生参加女子体育案 1:20:53 校园体育为什么不能套用精英体育逻辑 1:33:32 Alito 退休乌龙与大法官的个人政治 1:41:21 Barrett 为什么总成为右翼攻击目标 1:44:36 法院改革与对特朗普“小骂大帮忙” 【我们是谁】 美轮美换是一档深入探讨当今美国政治的中文播客。 本期的主播和嘉宾： Lokin：美国法学院毕业生，即将成为一名纽约诉讼律师 王浩岚：美国政治爱好者，岚目公众号主笔兼消息二道贩子 Nancy：普林斯顿大学政治学博士生，耶鲁法学院法律博士 品达：美国政治观察人士，《孤岛繁星》主播 【 What We Talked About】 When considering the same question of presidential removal power, the Court decided that the FTC was not an exception, but the Federal Reserve was. And while the conservative justices continue to profess their commitment to textualism and originalism, they repeatedly switched doctrinal tools in cases involving birthright citizenship, voting rights, and transgender rights. In this episode, Nancy and Pinda join us to review the U.S. Supreme Court's 2025-2026 term. How far has Trump's vision of the “unitary executive” advanced? Who still counts as American? How much remains of the Voting Rights Act? Why can transgender students be excluded from girls' school sports? As the Court's decisions become increasingly difficult to explain through legal doctrine alone, do its occasional rulings against Trump represent genuine institutional checks, or merely “small rebukes, big assists”? 【Support Us】 If you like our show and want to support us, please consider the following: Join our membership program: https://theamericanroulette.com/paid-membership/ Support us on Patreon: www.patreon.com/americanroulette Business Inquiries and fan mail: american.roulette.pod@gmail.com 【Timeline】 01:39 The FTC and the Federal Reserve: Whom can Trump fire? 08:02 How the “unitary executive” became a conservative consensus 28:29 Birthright citizenship and who counts as “American” 43:31 Ending TPS: Immigration status and judicial review 53:35 The Voting Rights Act, majority-Black districts, and partisan redistricting 1:02:02 Does the Supreme Court still have a coherent legal doctrine? 1:13:01 The case over transgender students participating in girls' sports 1:20:53 Why school sports cannot be judged by the logic of elite athletics 1:33:32 The false report of Alito's retirement and the personal politics of the justices 1:41:21 Why Barrett remains a favorite target of the right 1:44:36 Court reform and the Supreme Court's “small rebukes, big assists” approach to Trump 【Who We Are】 The American Roulette is a podcast dedicated to helping the Chinese-speaking community understand fast-changing U.S. politics. Our Hosts and Guests: Lokin: U.S. law school student, incoming NY litigation lawyer 王浩岚 (Haolan Wang): American political enthusiast, chief writer at Lán Mù WeChat Official Account, and peddler of information Nancy：Princeton Politics PhD student, Yale Law School graduate Pinda：American political enthusiast 【The Links】 Trump v. Slaughter：总统罢免 FTC 委员与“单一行政权” Trump v. Cook：总统罢免美联储理事与央行独立性 Trump v. Barbara：出生公民权 Mullin v. Doe：海地与叙利亚 TPS 终止及司法审查 Louisiana v. Callais：黑人多数选区与《投票权法》第二条 West Virginia v. B. P. J.：跨性别学生参加女子体育运动 《纽约时报》：TPS 被终止后，美国部分行业面临劳动力短缺 Harvard Kennedy School：Louisiana v. Callais 对《投票权法》意味着什么 《纽约时报》：最高法院跨性别学生体育案的当事人 Becky Pepper-Jackson Becky Pepper-Jackson 的母亲：这个母亲节，我感谢跨性别女儿教会我的事 ACLU：关于跨性别运动员的四个常见迷思 NPR Public Editor：Nina Totenberg 误报 Alito 退休事件的经过 《纽约时报》：Amy Coney Barrett 为何再次遭到共和党右翼攻击 《纽约时报》：Ketanji Brown Jackson 做客 Michelle Obama 播客 IMO with Michelle Obama and Craig Robinson：Ketanji Brown Jackson 访谈 Slow Burn: Becoming Justice Gorsuch Humphrey's Executor v. United States (1935)：FTC 独立性与正当理由解雇 Loper Bright Enterprises v. Raimondo (2024)：推翻 Chevron deference Seila Law v. CFPB (2020)：单一局长制与总统罢免权 United States v. Wong Kim Ark (1898)：“黄金德案”与出生公民权 Thornburg v. Gingles (1986)：《投票权法》第二条的 Gingles 标准 Shelby County v. Holder (2013)：削弱《投票权法》的关键判决

This Day in Legal History: Andrew Johnson Suspends Secretary StantonOn August 12, 1867, President Andrew Johnson suspended Edwin Stanton, his Secretary of War, and installed General Ulysses S. Grant to run the department temporarily. It was a quiet-sounding personnel move that lit the fuse on one of the great constitutional confrontations in American history—and it turned on a question we still argue about: how much control a president has over the officials who serve beneath him.The context was Reconstruction. Stanton was a close ally of the Radical Republicans in Congress, and as Secretary of War he controlled the Army's presence across the defeated South, including the Freedmen's Bureau—making him essential to Congress's plans to remake the region and protect the newly freed. Johnson, who bitterly opposed that agenda, wanted Stanton gone. But Congress had anticipated exactly this: it had passed the Tenure of Office Act, which barred the president from removing a Senate-confirmed cabinet officer without the Senate's consent. Johnson, trying to thread the needle while Congress was in recess, suspended Stanton rather than firing him outright. When the Senate later refused to concur and Johnson removed Stanton anyway in early 1868, the House impeached him—and he survived removal in the Senate by a single vote.The significance of August 12, 1867 reaches all the way to the present. The Tenure of Office Act was eventually repealed and, decades later, the Supreme Court in Myers v. United States suggested it had been unconstitutional all along, endorsing a robust presidential removal power—the same removal-power debate that traces back to the very first Congress and runs through today's fights over the independence of agencies and prosecutors. Johnson's clash with Stanton is the original American showdown over whether a president can be checked in the control of his own executive branch. And on a day when we've got a story about the White House leaning on the Justice Department, that 159-year-old question feels remarkably current.A federal appeals court has thrown out the government formula at the heart of the law meant to protect patients from surprise medical bills—handing a significant win to doctors and hospitals over insurers. Sitting en banc, all seventeen judges of the Fifth Circuit issued an unsigned opinion mostly siding with physicians and air-ambulance companies, and invalidating a federal rule as going beyond what Congress actually authorized in the No Surprises Act. Here's how this works, because it's less about patients than it sounds. The No Surprises Act protects you, the patient—if you get care from an out-of-network provider in an emergency, you only owe your normal in-network cost-sharing. The fight is over who pays the rest: the insurer or the provider. That gets decided in arbitration, and the key benchmark is something called the “qualifying payment amount,” or QPA. Whoever controls how the QPA is calculated basically controls who wins. The court found that federal agencies had let insurers game that number—by baking in so-called “ghost rates,” contracted amounts for services that providers never actually deliver, which dragged the benchmark down in insurers' favor—and by improperly excluding bonus and incentive payments. The significance is twofold. Substantively, it rebalances a high-stakes payment fight away from insurers and toward providers. But the deeper theme is administrative law: this is a court holding that agencies rewrote a statute to favor one side beyond what Congress wrote—exactly the kind of post-Chevron scrutiny of agency rulemaking we've been tracking all summer. The patient protections stay; the multibillion-dollar question of who pays just got sent back to the drawing board. US appeals court voids formula used to avert surprise medical bills | ReutersAmerican Medical Association · Bloomberg LawA federal judge has blocked the U.S. Postal Service nationwide from enforcing the mail-in voting restrictions in President Trump's executive order—and if this story sounds familiar to longtime listeners, it should. U.S. District Judge Indira Talwani in Boston expanded an order she first issued in June, which had covered 23 states, into a nationwide injunction. Under the executive order, the Postal Service was supposed to gather state lists of eligible voters and deliver absentee ballots only to people on those lists; Talwani's ruling bars USPS from refusing to deliver mail ballots based on those new federal verification requirements. Her reasoning is the same principle we keep coming back to: the executive branch, she wrote, has no authority to regulate elections—that power belongs to the states under the Constitution. And she stressed the timing, noting it's now less than 90 days before the November 3 midterms, which makes it especially important not to let the federal government change election rules on the eve of the vote. This connects to the entire voting-rights arc we've followed—the administration's 0-and-21 losing streak on voter rolls, the Supreme Court emergency application, the Voting Rights Act anniversary. The significance is that the courts continue to hold a firm, near-unbroken line: however much the administration wants federal control over how Americans cast and count ballots, judges keep ruling that elections are run by the states, and the closer we get to November, the more urgently they're saying it. Judge blocks US Postal Service from restricting mail-in voting | ReutersNPR · US NewsThe White House has reportedly asked the Justice Department to explore bringing new charges against David Hearn—the former Olympian in the Reflecting Pool case—just over a week after the department dropped the case because its own evidence showed he didn't do it. Recall the sequence: Hearn was indicted on a felony for allegedly damaging the Lincoln Memorial Reflecting Pool, but prosecutors then moved to dismiss, telling the court that newly disclosed documents showed the damage came from a botched renovation, not vandalism. According to sources, President Trump was furious at U.S. Attorney Jeanine Pirro for dismissing the case, and the White House has since asked the department to examine whether there's a basis for a new charge—possibly a misdemeanor. The talks are described as preliminary, with no decision made, and Congressman Jamie Raskin has already launched a probe into the whole affair. Here's why this is legally striking. The decision to drop the case wasn't a technicality—it was the government concluding, on the evidence, that the underlying premise was false. To now go looking for new charges against the same person, at the White House's urging and reportedly out of the president's personal anger, raises the specter of vindictive prosecution—using the charging power not to pursue justice but to punish. The significance goes to the core of prosecutorial independence, the theme running through the Blanche confirmation fight and beyond: charging decisions are supposed to be driven by evidence and law, not by a president's displeasure that a case was dropped. It's a live test of whether that line still holds. Trump White House asked DOJ to explore new Reflecting Pool charges, sources say | ReutersUS News · MS NOWAnd finally, the law graduates who suffered through California's disastrous 2025 bar exam have reached a settlement in their class action against the company that administered it. You may remember the debacle: the February 2025 California bar exam, run by the vendor Meazure Learning, collapsed into login failures, software crashes, frozen screens, and lost answers, throwing thousands of aspiring lawyers into chaos on the single most important test of their careers. That fiasco spawned multiple lawsuits—the test-takers' claims were consolidated into a class action in federal court—as well as a state audit and a legislative inquiry. This settlement resolves the graduates' own case, and it's distinct from the separate deal the State Bar itself reached with Meazure last month, in which the vendor agreed to pay the Bar $5.25 million and forgive $1.36 million in unpaid invoices. The significance connects directly to a story we covered a couple of weeks ago—the meltdown of the new NextGen exam in Washington State. Two different states, two different vendors and formats, the same underlying failure: the high-stakes gateway to the legal profession buckling under basic technology problems, and leaving the people trying to enter the profession to pick up the pieces. These settlements put a price on that failure—but they also intensify a growing question about whether the bar exam, as currently built and administered, is a reliable way to license lawyers at all. Law grads reach settlement in class action over botched California bar exam | ReutersBloomberg Law · ICLG This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Doomberg stops by, and we solve the global oil crisis. We did not really solve the world's oil problems, but boy, we sure covered them.In this Energy Newsbeat podcast episode, hosts Stu Turley and Doomberg dive deep into the interconnected crises reshaping global energy markets and geopolitics. From contested claims about oil flowing through the Strait of Hormuz to Putin's stranglehold on European natural gas supplies, the conversation reveals how misinformation, geopolitical brinkmanship, and exponential technological change are colliding to create unprecedented uncertainty.Against this backdrop of energy scarcity and conflict, the hosts explore how artificial intelligence is driving explosive new demand for power, forcing a reckoning between renewable energy mandates and grid reliability. Through sharp analysis and candid debate, they argue that understanding energy flows—and who controls them—is essential to predicting everything from European political upheaval to the viability of AI infrastructure investments. It's a masterclass in connecting the dots between commodity markets, military strategy, and the future of human civilization.Check out Doomberg.com https://newsletter.doomberg.com/Shout-out to Dave, one of our great subscribers, for commenting on the live feed.1. Global Oil Markets & The Strait of HormuzThe hosts debate conflicting information about oil flow through the Strait of Hormuz, with Chris Wright (Secretary of Energy) claiming 9 million barrels per day are flowing through. They discuss how market prices haven't responded as expected, suggesting either the market is efficiently pricing in a long-term U.S. siege against Iran, or there's misinformation in circulation. The conversation emphasizes that pipelines are being built to bypass the strait, making it increasingly irrelevant.2. Houthi Attacks & Alternative Shipping RoutesDiscussion of Houthi attacks on commercial ships in the Bab el-Mandab Strait, reducing flow to less than 1 million barrels per day. They note the phrase "Houthis in the blow ships" and question whether reported attacks are actually occurring or if misinformation is prevalent.3. Ukraine War & European Energy CrisisA major focus is an upcoming Doomberg article about how Putin controls Europe's energy future through natural gas. Key points include:Ukraine's loss of the air war and closing of the Black Sea port of OdessaEurope's dangerous dependency on Russian natural gas (4.5 BCF/day through Turkstream)European gas storage at only 59% capacity (vs. 83% in 2023)If Russia cuts off gas supplies, Europe could lose 40% of its storage capacityThe precarious position of European leadership (Ursula von der Leyen, Macron, Mertz) who may need to be replaced for political solutions4. Turkey's Strategic PositionTurkey's role as a NATO member while maintaining relationships with Russia and Iran, controlling the Turkish Straits, and serving as a potential energy hub between the Middle East and Europe. Discussion of Erdogan's health and political stability.5. U.S. Grid Reliability & Data Center DemandJPMorgan's warnings about rolling blackouts driven by:Accelerating AI demandForced installation of intermittent renewablesData centers requiring massive powerComparison between Texas (abundant natural gas, allowing data center growth) and New York (restrictive policies)The concept of "natural gas pods"—data centers with gas input and data output6. AI & Exponential GrowthA philosophical discussion on:Ray Kurzweil's "The Singularity is Near" and exponential technological growthAI model doubling time shrinking to approximately 3 months (trending toward daily improvements)The "human endeavor is infinite compute" as a strong predictive mental modelComparison to the Weimar hyperinflation period to illustrate the power of exponential trendsWhy skepticism about AI data center ROI is misplaced, similar to early shale gas skepticism7. Liberty Energy & Shale Gas in AustraliaBrief mention of Liberty Energy's expansion into Australian shale gas drilling, presented as a "tell" of emerging opportunities.8. Upcoming Doomberg ContentAnnouncement of a company deep dive on Chevron, examining its global operations, business model, and various investment exposure options.The podcast emphasizes how interconnected global energy markets are and how geopolitical decisions (particularly Putin's control of energy supplies) have cascading effects on everything from European stability to U.S. grid reliability and AI infrastructure development.The podcast has rolled over 3 million podcast listens on Apple and Spotify, and Doomberg's last episode was well over 110K - let's see how this one does. A shout-out to Steve Reese and the Reese Energy Consulting group for sponsoring the Podcast https://reeseenergyconsulting.com/.Data2 if you have any business systems, can you trust A? Well, they have the patent on validation. . https://data2.zoholandingpage.com/energyAnd we have WellDatabase rolling in as a new sponsor. https://welldatabase.com/

On this Salcedo Storm Podcast:The boys discuss Chris' most recent trip to California, the price of gas and the roel of big oil and Sean is over the heat of summer. 

On this Salcedo Storm Podcast:Michael Quinn Sullivan, publisher of the Texas Scorecard.

In der heutigen Folge sprechen die Finanzjournalisten Daniel Eckert und Lea Oetjen über den FlashCrash von SK Hynix, den brutalen Absturz von AppLovin und Aufatmen bei der Telekom. Außerdem geht es um ExxonMobil, Chevron, SanDisk, Western Digital, Micron, Seagate, Honeywell Aerospace, Datadog, Alphabet, Motorola, Albemarle, Parker-Hannifin, Easyjet, Apollo, Peloton, Siemens, Rheinmetall, Renk, Hensoldt, Scout24, Commerzbank, Unicredit, Ondas Holdings, Heidelberger Druckmaschinen, DroneShield, HANetf Drone ETF (WKN: A423E5), VanEck Defense UCITS ETF (WKN: A3D9M1) und Global X Europe Focused Defence Tech (WKN: A416YM). Unter diesem Link für den AAA-Newsletter anmelden – und am Samstag am besten direkt um 8 Uhr ins Postfach schauen. www.businessinsider.de/informationen/newsletter-crosspromo/ Am 2. Oktober findet unser "Alles auf Aktien"-Summit in Berlin statt. Mit dem Code „AAAFRIENDS“ sparst du 50 Prozent auf dein Ticket – aber nur unter folgendem Link. https://veranstaltung.businessinsider.de/event/financesummit26/summary?rp=c6dc55d6-6f4f-4fb4-b75f-3f3501d84859 Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Hier könnt ihr den AAA-Newsletter abonnieren: https://www.welt.de/newsletter/article232797673/Alles-auf-Aktien-Der-taegliche-Boersen-Newsletter-fuer-WELTplus-Abonnenten.html Und – ganz neu: AAA gibt es jetzt auch auf Instagram: https://www.instagram.com/alles_auf_aktien/ Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Anzeige: Eight Sleep: Der Pod 5 reguliert die Temperatur im Bett automatisch, trackt Schlaf- und Gesundheitswerte ohne Wearable und kann so zu besserem Schlaf beitragen. Mit dem Code ALLESAUFAKTIEN erhaltet ihr auf https://www.eightsleep.com/allesaufaktien bis zu 350 Euro Rabatt. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Oil prices have shot up since the US-Israel war with Iran began, and the Strait of Hormuz, one of the world's most important oil shipping routes, has been almost completely closed.It's been bad news for drivers, airlines and anyone already feeling the squeeze from the cost of living. But for some of the world's biggest oil companies, it's been very good news. Oil giants like ExxonMobil and Chevron are reporting huge profits.And at the same time, we're seeing record-breaking heatwaves, with wildfires raging in parts of Europe and Asia. Our resident business expert, Emer Moreau, tells us about the oil giants' profits and how the high costs are impacting all of us.Instagram: @bbcwhatintheworld Email: whatintheworld@bbc.co.uk WhatsApp: +44 330 12 33 22 6 Presenter: Hannah Gelbart Producer: Emily Horler, Chelsea Coates and Adam Chowdhury Editor: Verity Wilde

with Brad Friedman & Desi Doyen

Today we had the pleasure of hosting Corey Rosenbusch for a wide-ranging discussion on the fertilizer industry, global energy markets, and the geopolitical forces increasingly shaping both. Corey is the President and CEO of The Fertilizer Institute (TFI), headquartered in Arlington, Virginia. Corey joined TFI in 2020 after serving as President and CEO of the Global Cold Chain Alliance. He currently serves as Chair of the Texas A&M University Agricultural Leadership, Education & Communication Department Advisory Board and the Association Leadership Group. We were thrilled to host Corey to better understand the connections between fertilizer, natural gas, food security, and global supply chains. In our conversation, Corey provides a comprehensive overview of the global fertilizer industry and its critical connection to energy markets. He explains how natural gas serves as the essential feedstock for nitrogen fertilizer production, outlines the distinct dynamics of nitrogen, phosphate, potash, and sulfur markets, and discusses why fertilizer has become increasingly intertwined with global geopolitics, food security, and national security. We examine how disruptions in the Strait of Hormuz affected global flows of urea, ammonia, phosphate, and sulfur, why export restrictions from China and Russia have reshaped global trade, and how government subsidies, tariffs, and state-owned enterprises continue to influence fertilizer pricing and availability. Corey highlights the concentration of global fertilizer production and exports across a handful of countries and explains how those supply chains have become increasingly vulnerable to geopolitical disruption. Corey shares why current fertilizer market conditions differ from the 2022 Russia-Ukraine disruption, how weak farm economics and higher input costs are impacting U.S. growers, and why fertilizer prices are ultimately driven by global supply and demand rather than local production. We discuss the outlook for fertilizer demand, key Farm Bill provisions, including E15 and biostimulants, the competitiveness of U.S. fertilizer manufacturing, and why expanding domestic production, streamlining permitting, and maintaining access to affordable natural gas will be critical to strengthening both U.S. food security and energy security. We learned a great deal from Corey and greatly enjoyed the discussion. To start the show, Mike Bradley noted the day's market trifecta: lower bond yields, lower oil prices, and higher equity markets. The 10-year Treasury yield was trading between 4.60% and 4.65%, well below last week's high of ~4.75%. The Dow Jones Industrial Average (DJIA) was up approximately 1,000 points, driven largely by significant share price gains in Caterpillar and Goldman Sachs. These two stocks alone accounted for roughly 500 points of the DJIA's gain. He highlighted several companies scheduled to report second-quarter earnings results this week, including AMD, Disney, Eli Lilly, and SpaceX. On the oil market front, he noted that WTI crude oil prices had fallen roughly $9/bbl to ~$75-$76/bbl so far this week following a temporary pause in U.S. military strikes on Iran. While U.S. strikes are on hold for now, military action could resume at any point, contributing to heightened oil price volatility. Despite WTI declining more than 10% this week, the energy sector was down only ~1.5%. Investor focus last week was primarily on second-quarter earnings results from the U.S. integrated oil majors, Chevron and ExxonMobil, as well as refiners, with management teams indicating that global refining margins remain structurally tight. He highlighted BP's new CEO's comment that it would be "prudent" to stop thinking of BP as a traditional Big Oil supermajor and instead compete within its own weight class. He concluded by highlighting President Trump's remarks about to Chevron's and ExxonMobil's record-setting quarterly results. President Trump argued that these companies were making too much money and should return more of their profits to the public and lower retail prices. Chevron and ExxonMobil generated average second-quarter profit margins in the mid-to-high teens and have generally reported high single-digit to low-double-digit profit margins over the past three years. By comparison, large-cap tech companies reported average second-quarter profit margins of ~40% and have averaged ~45% to 50% profit margins over the last three years. Jeff Tillery added his perspective on the outlook for U.S. natural gas demand, noting that forecasts call for roughly 20 bcfd of cumulative demand growth over the next five years. While significant, he emphasized that this largely represents a continuation of trends already underway. U.S. natural gas demand increased by nearly 20 bcfd over the past five years, driven primarily by LNG exports, and he expects exports to remain the primary driver of growth going forward. While he remains constructive on the long-term natural gas demand outlook, he emphasized that the next phase is more evolutionary than transformational. 

Aug. 5, 2026 ~ Jay Young, founder and CEO of King Operating Corporation, joins Chris Renwick and Lloyd Jackson to discuss President Donald Trump's claim that Exxon and Chevron are "making too much money" amid the Iran War. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

PODCAST LAS NOTICIAS CON CALLE 4 de agosto de 2026 - Llega el fin del SSN 751, el submarino USSA San Juan - El Nuevo Día Primarias instrumentales hoy en Estados Unidos - Politico.com Otro barco es atacado por Irán en Hormuz, mientras Trump dice que es su último break antes de decapitarlos - Reuters Reunión de Emergencia en Europa tras incidente en Ceuta - FT El diésel sigue caro por la guerra  PR Genera produce electricidad quemándolo 30 millones menos para arreglar equipo de la AAA En la temporada de huracanes es vital tomar medidas para asegurar nuestra tranquilidad.Si tienes dudas, llama al 787-641-7171 Todos tienen una manera diferente de prepararse para un huracán.Lo importante es que lo hagan.Auspiciado por Universal, en nuestro servicio está la diferencia.#universal #incluyeauspicio Manifestación en el Normandi de los enca por falta de agua - El Vocero Si no llueve, viene racionamiento formal porque informal lleva tiempo - El Vocero Fuera secretario de Corrección, nombran nueva secretaria - El Nuevo Día Gobernadora miente y dice que documental de LUMA lo paga el pueblo - El Vocero DACO tiene 3344 casos activos en espera de atención - El Vocero Si no llueve esperemos lo peor dioj la gobernadora - Primera Hora Piden hincar pozos para aliviar la crisis - Primera Hora PR mejoró en las pruebas CRECE locales, veremos a ver si en las pruebas NAEP también Otro asesinato por pruebas de colindancia - Primera Hora Sujeto se dispara en el casino metro del Sheraton tras acomodarse la pistola que se le estaba cayendo y no la tenía en baqueta - Primera Hora No van multas por malgastar agua - El Nuevo Día Purga en el PPD par elegir nueva junta de gobierno - El Nuevo Día Invierten en aeropuerto privado de PR al lado del público  El Nuevo DíaSan Juan Cruise Port vuelve a decir que van a lograr rehabilitar el muelle 1 de San Juan con fondos CDBG, gobierno anunció 98 millones - El Nuevo Dia USA sale al rescate del yen japonés - Reuters Trump vs. las petroleras - Las acusa de "ganar demasiado" -  Exxon dobló ganancias interanuales; Chevron marcó récord tras guerra de Irán 25 estados demócratas demandan a Trump por los nuevos aranceles. La Tax Foundation calcula un golpe de ~$1,000 por hogar en 2025.La "Truth API" de Trump - Cobra a firmas de trading de alta frecuencia hasta $1.2M al año por ver sus posts milisegundos antes que el público. Un conflicto de interés monumental - LOS DATOS DEL DÍA (cierre lunes 3 de agosto) Brent$83.82 / barril (−4.7%) WTI~$81.75 (+1.8% martes AM) S&P 5007,489.72 (+0.7%) Dow52,485.03 (+0.5%, +277 pts) Bono 10 años4.70% Euro / USD1.154 Gas natural$2.77 / MMBtu Hipoteca 30 años~6.93%

-President Trump speaks about Iran, Socialism, and Chevron price gouging during an executive order signing. -Michigan Senate candidate Mike Rogers predicts radical Abdul El-Sayed will win the Michigan Democratic primary to face him in November on "Ed Henry The Big Take." -Michigan gubernatorial candidate Perry Johnson promotes his outsider status as a businessman rather than a political insider ahead of the primary election. -"I have never felt more in danger than I have been out here," Journalist Nick Sortor says after BLM rioters threatened to kill him in Madison, Wisconsin. -On “Carl Higbie FRONTLINE,” Carl applauds the heroic actions of Jordan Salinas, whose quick response as an armed citizen helped save lives during the deadly In-N-Out shooting in Idaho. Today's podcast is sponsored by : PARAMOUNT PLUS - Don't Miss “Lioness” - all episodes NOW STREAMING on Paramount Plus Listen to Newsmax LIVE and see our entire podcast lineup at ⁠http://Newsmax.com/Listen⁠ Make the switch to NEWSMAX today! Get your 15 day free trial of NEWSMAX+ at ⁠http://NewsmaxPlus.com⁠ Looking for NEWSMAX caps, tees, mugs & more? Check out the Newsmax merchandise shop at : ⁠http://nws.mx/shop⁠ Follow NEWSMAX on Social Media:  -Facebook: ⁠http://nws.mx/FB⁠  -X/Twitter: ⁠http://nws.mx/twitter⁠ -Instagram: ⁠http://nws.mx/IG⁠ -YouTube: ⁠https://youtube.com/NewsmaxTV⁠ -Rumble: ⁠https://rumble.com/c/NewsmaxTV⁠ -TRUTH Social: ⁠https://truthsocial.com/@NEWSMAX⁠ -GETTR: ⁠https://gettr.com/user/newsmax⁠ -Threads: ⁠http://threads.net/@NEWSMAX⁠  -Telegram: ⁠http://t.me/newsmax⁠  -BlueSky: ⁠https://bsky.app/profile/newsmax.com⁠ -Parler: ⁠http://app.parler.com/newsmax⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Monday August 3, 2026 Trump Says Exxon and Chevron Made “Too Much Money” During Iran Conflict

President Trump is drawing attention after criticizing ExxonMobil and Chevron for "making too much money" from higher oil prices tied to disruptions in global energy markets. The comments echo arguments long made by California Gov. Gavin Newsom about oil company profits, though critics note Newsom has faced challenges proving industry price gouging. Please Like, Comment and Follow 'Broeske & Musson' on all platforms: --- The ‘Broeske & Musson Podcast’ is available on the KMJNOW app, Apple Podcasts, Spotify or wherever else you listen to podcasts. --- ‘Broeske & Musson' Weekdays 9-11 AM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Facebook | Podcast| X | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | InstagramSee omnystudio.com/listener for privacy information.

De topman van Palantir laat geen enkele kans liggen om een grote mond te trekken. Zo ook nu weer bij de kwartaalcijfers van het bedrijf van Alex Karp. Die cijfers zijn om over naar huis te schrijven. Een omzetgroei van 93 procent, bij de commerciële tak zelfs 149 procent. 'Mensen spugen hun kunstgebit ervan uit', zegt Karp. Hoe ze dat voor elkaar krijgen hoor je deze aflevering. Dan zoeken we ook uit of de zorgen die sommige beleggers tóch hebben terecht zijn. Zij vrezen dat ook Palantir ten prooi kan vallen aan AI-bedrijven die hun businessmodel kapot maken. Karp opent in ieder geval de aanval, want hij zegt dat die bedrijven 'drugs maken' en ervoor willen zorgen dat we massaal 'eraan verslaafd raken'. Verder hebben we het over Spotify. Dat noteert omzetgroei, abonnee-groei, én een recordmarge. Maar toch kan het beleggers niet blij maken. Die zetten hun gedeprimeerde toon van de afgelopen kwartalen gewoon door. Je hoort ook nog over BP, dat Shell na-aapt. En over Donald Trump, die opeens geen vriendjes meer is met oliebedrijven. Te gast: Marc Langeveld, van het Antaurus AI Tech Fund BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.

P.M. Edition for Aug. 3. Ford spent decades producing ho-hum workhorse cars–the Taurus, the Focus. WSJ autos reporter Ryan Felton explains why the company is hitting reverse. Plus, Michigan public health officials say two people have died in connection with the cyclosporiasis outbreak. And WSJ business reporter Natasha Khan discusses why Kimberly-Clark is embarking on a moonshot effort to make paper towels and toilet paper out of a spiny desert plant called hesperaloe. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Marco Rubio dominated the headlines this week as he defended President Trump's Iran strategy, warned about China, and sparked fresh speculation about a possible 2028 presidential run. We break down the biggest moments from Rubio's media blitz and why conservatives are calling it one of his strongest weeks yet.Plus, RFK Jr. goes head-to-head with Dana Bash over COVID, people sound the alarm on the growing influence of democratic socialism, and the controversy surrounding Zohran Mamdani continues to escalate. We also react to Francesca Hong's viral interviews, discuss Scott Galloway's complaints about being doxxed, and examine the media's coverage of the latest political firestorms.Later, we cover Kamala Harris' latest viral gaffes, Hunter Biden's attack on Chevron and the company's brutal response, an unusual campaign video from Rep. Shri Thanedar, the newest WNBA controversy involving Sophie Cunningham, Andrew Tate's attorney making headlines, a national anthem performance that has everyone talking, and the latest discussion surrounding Ariana Grande's health.Also in today's show:- Hero Jordan Salinas praised after the Idaho In-N-Out shooting- Trump's "locked and loaded" Iran statement- MTG's dinner with Tucker Carlson- Warnings about Mamdani and communism- Rubio man handling the mediaSUPPORT OUR SPONSORS TO SUPPORT OUR SHOW!Give $26 today to the Human Coalition. Be her lifeline. Create a life saving moment. Give today at https://HumanCoalition.org/ChicksStay summer fresh with Flamingo! For a limited time, receive the Flamingo's Starter Set for only $7 at https://ShopFlamingo.com/ChicksPut better beef on the grill this summer with Backyard Butchers.  Visit https://BackyardButchers.com/Chicks where code CHICKS auto-applies for 30% off first order + 2 free 10-oz ribeyes + free shipping!Subscribe and stay tuned for new episodes every weekday!Follow us here for more daily clips, updates, and commentary:YoutubeFacebookInstagramTikTokXLocalsMore InfoWebsite

MRKT Matrix - Monday, August 3rd Stocks rally, fueled by gains in Big Tech and a drop in oil prices (CNBC) Trump says Exxon and Chevron made ‘too much money' off high oil prices during Iran conflict: ‘I don't like it' (CNBC) The Worries That Drove Uncle Sam to Buy Yen (WSJ) The message beneath the yen intervention (Axios) How to Play the Flood of AI Bonds ⁠(WSJ)⁠ A digital iron curtain is threatening the global economy (FT) AI Is Turning Retail Traders Into DIY Hedge Funds (Bloomberg) Hugging Face CEO says China is winning the AI race and dominating on open models (CNBC) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://riskreversal.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs

P.M. Edition for July 31. ExxonMobil and Chevron had a blockbuster quarter after the Iran war disrupted energy markets. Journal reporter Collin Eaton discusses the historic refining margins they're enjoying. Plus, America's lettuce growers are facing a steep decline in sales because of the cyclospora outbreak. As WSJ's Amira McKee explains, that's forcing some to make some tough choices about what to do with their current crops. And Apple saw a record decline in market cap after the iPhone maker's disappointing outlook. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Plus: Nuclear company Westinghouse Electric has confidentially filed for an IPO. And New York sues Kalshi, saying the company is running an illegal gambling operation. Alex Ossola hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer led off the show with reaction to the latest mega-tech earnings: Amazon shares surged on quarterly results boosted by cloud growth, while Apple shares sank on guidance that disappointed investors — and overshadowed a Q3 beat in Tim Cook's final earnings report as Apple CEO. Chevron CEO Mike Wirth joined the program to discuss oil prices and his company's biggest quarterly profit in at least six years. Also in focus: David's update on AI investor Leopold Aschenbrenner and the unwinding of many of his hedge fund's trades, the high-flying stocks that took a major hit in July, Samsung and SK Hynix shares soar and propel South Korea's Kospi to an 18% gain, Microsoft's record-breaking one-day market cap gain.   Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Story of the Week (DR):Cracker Barrel CEO is out after MAGA backlash to "Uncle Herschel" logo change MMBefore Julie Masino was brought in, Cracker Barrel was facing a slow-moving existential crisis:Their primary core customer base (older generations and rural highway travelers) was naturally shrinking, and younger diners were simply not replacing them.Kitchen tech, supply chains, and digital ordering lag behind competitors like Texas Roadhouse or Olive Garden.Some great fake populism from Fox: Cracker Barrel to pay for outgoing CEO's security, $4.6M severance after failed rebrandCracker Barrel names David Deno CEOBurger KingYum! Brands and Pizza Hut for 15 years, including serving as CFO and COO.Quiznos CEO.Best Buy: Served as President of Asia and CFO for Best Buy's International DivisionBloomin' Brands for 12 years: CEO, CFO and Chief Administrative OfficerOutback Steakhouse, Carrabba's Italian Grill, and Bonefish GrillBoard MembershipsCracker Barrel Old Country Store (2016-)Panera Brands (2024-): Audit Committee ChairKrispy Kreme (2016-)Bloomin' Brands (2019–2024)Peet's Coffee (2006-2012)Macalester College: Former Chair of the Board of Trustees (1998-2022).From Cracker Barrel to Boeing, Companies Are Turning to Retired CEOsThese retired CEOs are being hired to be "fixers." They are brought in to cut costs, repair supply chains, restore investor confidence, and act as a stabilizing force rather than reinventing the brand.Exxon and Chevron profits surge on rising oil prices due to Iran warChevron posted its highest profit in six years as the Iran war boosted oil pricesBig Oil Is Getting Sued for Heat Deaths. It's Fighting Back With an Army of Immunity LawsMore than a decade after investigations found that Exxon Mobil had known about the dangers of global warming since the 1970s but publicly downplayed the threat, lawsuits against oil companies have proliferated. There are nearly 40 of these cases pending across the countryIn the meantime, the industry has been mobilizing a counterattack against the lawsuits with the help of the Trump administration and Republican politicians.Republicans are trying to pass laws to grant oil majors immunity to these kinds of lawsuits, with success in several states so far.Utah, Iowa, Tennessee, Oklahoma, and Louisiana have recently signed laws shielding fossil fuel companies from lawsuits related to greenhouse gas emissionsOil executives have also gotten help from the federal government, following an executive order from President Donald Trump last year directing the attorney general to prioritize blocking climate lawsuits by states.This May, the Justice Department responded to Minnesota's climate lawsuit against Big Oil with a lawsuit of its own, just as the state's case was moving into the discovery phase. It said Minnesota was undermining “American energy dominance” and attempting to regulate greenhouse gases, which should fall under the purview of federal law—echoing the oil industry's well-known argument.Elon Musk Is Quietly Turning to This Fossil Fuel to Power His AI AmbitionsSam Altman Announces That the Singularity Has Arrived: a hypothetical future point in time when technological growth becomes autonomous, uncontrollable, and irreversible, fundamentally transforming human civilization“We are now, like, in the singularity ... Now we're actually in the moment that we used to talk about at the lunch table in a very not-serious way ...I've been waiting for this my whole life, and I think it's going to be incredible, hugely positive, awesome for the world.”Sam Altman says one of his biggest fears is that a small number of companies will control AI: 'That'd be very, very bad'Sam Altman says the Hugging Face hack is a reminder that an AI power monopoly could lead to 'long-term disaster'OpenAI says its rogue AI tried to hack other companiesMark Zuckerberg is urging the U.S. to accelerate AI development, not restrict it'No Way to Stop It': Elon Musk Warns Humans Will Lose Control of AI and Face Extinction by 2036Microsoft CEO Warns That Companies Embracing AI Could Drive Themselves Out of BusinessAI hackers are getting faster. The government may not be readyAnthropic says its Claude models 'gained unauthorized access' to other organizations' systemsAnthropic says its models went rogue and hacked 3 companies during testing'It Will Happen Frequently': Musk Warns of Rogue AI Threat After Anthropic Breached Three FirmsElon Musk Commits Up to $120M to Republican Midterms: Sets Feud With Trump Aside for Major Election PushGoodliest of the Week (MM/DR):DR: Gen Z women are having an entrepreneurship boomOf all women who started businesses in 2025, 47% of Gen Z women did so, compared with 38% the previous year. Gen Xers followed close behind at 46%. Then came millennials at 43% and baby boomers at just 23%.Overall, in 2025, 69% of new Black-owned businesses were started by women. The survey also found that women business owners are less likely than their male counterparts to depend on AIMM: Delaware judge rules public benefit corporations exempt from maximizing value in sale DRFiduciary duty is different - OpenAI, AnthropicAssholiest of the Week (MM):Fake man apologies MM‘I'm sorry ... but': Apologetic Alan Joyce tells his side of the Qantas storyJoyce has expressed some regret“So with the information we had at the time, I still don't think there was any other decision you could make,”“Hindsight is a great thing.”“I'm actually very, very proud of the fact that I'm not sitting here and apologising for Qantas going bankrupt, [something] that many airlines around the world did,”Australian Competition and Consumer Commission fined Qantas $120 million for selling tickets for 8000 already cancelled flights“I apologise for the angst that was generated [for] the customers on it, but the reality was we had 22 million bookings in the system [and] the system wasn't designed to do an automatic refund,”“Stop us!”More than 1,200 AI workers across Anthropic, DeepMind, OpenAI, and Meta are asking for Washington's help building an AI slowdown plan‘No Way to Stop It': Elon Musk Warns Humans Will Lose Control of AI and Face Extinction by 2036Elon Musk's new 5-year warning to Americans: AI will beat human brains by 2032 (then go wild). Get rich or get crushed?Sam Altman says the Hugging Face hack is a reminder that an AI power monopoly could lead to 'long-term disaster'It Will Happen Frequently': Musk Warns of Rogue AI Threat After Anthropic Breached Three FirmsBut also, DON'T stop us, obviously…Palantir CEO warns US against Europe's AI regulation path, urges Trump admin to not ban open modelsElon Musk's xAI sues Minnesota over law to ban 'nudify' appsMark Zuckerberg is urging the U.S. to accelerate AI development, not restrict itElon Musk Commits Up to $120M to Republican Midterms: Sets Feud With Trump Aside for Major Election PushIgnoring boardsHims & Hers mission:“Hims & Hers is the leading health and wellness platform on a mission to help the world feel great through the power of better health. We believe how you feel in your body and mind transforms how you show up in life. That's why we're building a future where nothing stands in the way of harnessing this power. Hims & Hers normalizes health & wellness challenges—and innovates on their solutions—to make feeling happy and healthy easy to achieve. No two people are the same, so the Company provides access to personalized care designed for results.”Hims & Hers board:CEO: Andrew Dudum, tech VC bro investor “serial entrepreneur” with deep health experience from Bungalow (airBnB knockoff in the UK), Homebound (a “homebuilding platform”), TalkIQ (an AI startup, duh), and Terminal (something about scaling engineering?)TWO directors from DoorDash (Kofi Amoo-Gottfried from Marketing, previously of Facebook, and Christopher Payne the COO, previously of eBay, MSFT, and Amazon)TWO pharma execs (one lawyer, Deb Autor, one with an econ degree, Kare Schultz)One guy from Netflix (David Wells) and one lady from Urban Outfitters (marketing/brand, Andrea Perez) and one pure law firm lawyer (Anja Manuel)ONE DOCTOR EXCLUSIVE: US FTC sues Hims & Hers for sending user health info to Meta, SnapUsers' sensitive health information was shared with online advertising companies including Meta ​Platforms and Snap despite the company leading customers to believe their ​data was private, the FTC alleged in the lawsuit filed along with Los ⁠Angeles County and Utah.Hims & Hers also started charging users for prescriptions before ​they have ⁠had a chance to meet with healthcare providers, the FTC alleged. Most customers do not receive a consultation with a provider, and instead are charged for ⁠prescriptions ​soon after filling out an intake form, ​according to the agency.Headliniest of the WeekDR: CEO apologizes for offering interviews to people who got tattoos of his AI company logoSan Francisco tech CEO Jordan Zietz, co-founder of an early stage AI startup called LemonLime. Stanford grad.“LemonLime learns your business and then automates your team's busywork in a single click, no coding or manual setup required.”Former Qantas CEO reflects on tenure, issues apology to passengers over post COVID chaos AND ‘I'm sorry ... but': Apologetic Alan Joyce tells his side of the Qantas storyMM: Amazon received $600 million in tariff refunds and will pass some back to customersMM: Trump Staff Cuts Blamed After Watermarked OpenAI Map Mislabels Africa at AIDS ConferenceIt's the fact that we have less staff that meant we couldn't bother to figure out which country was whichWho Won the Week?DR: Kohls: For getting some much-needed female influence on board: Kohl's Appoints Wendy Arlin as Chair of the BoardCurrently only 2: Robbin Mitchell (7%) and Wendy Arlin (1%)John Schlifske (27%) stepping downMM: The phrase “not due to any disagreement with the Company”Anne Sweeney Resigns From Netflix BoardOn July 26, 2026, Anne Sweeney notified Netflix, Inc. (the “Company”) that she was resigning from the Board of Directors of the Company effective as of that date. Ms. Sweeney's resignation is not due to any disagreement with the Company1,660 8-Ks in the last 5 years have the exact phrase “not due to any disagreement with the Company”So we're saying that 1,660 c-suite and board members resigned in 5 years - more than 300 per year - and NONE were due to a disagreement with the companies? That's only THAT phrase - no other details are given for most of them except occasionally:To pursue another jobPersonal reasonsFor scale, in the last 5 years, the term “was due to a disagreement with the Company” appears… 5 timesPredictionsDR: Qantas CEO Vanessa Hudson apologizes that it took former CEO Alan Joyce to apologize for something she already apologized for despite not being CEO when any of it happenedMM: Damion resigns from Free Float due to a disagreement with the zero dollars he gets paid, but Free Float puts out a statement saying it's “not due to any salary reason related to the company”

MRKT Matrix - Friday, July 31st S&P 500 closes higher Friday as Amazon surges; Dow posts fourth straight winning month ⁠(CNBC) Fed officials who voted to hike rates say action is needed now against inflation (CNBC) S&P 500 Reporting Highest Net Profit Margin in More Than 15 Years (FactSet) Exxon and Chevron profits surge on rising oil prices due to Iran war (CNBC) Dwindling cash and soaring memory costs: Tech's AI buildout has ballooning price tag (CNBC) Moonshot's Kimi Uses 20,000 Nvidia Chip Cluster From Alibaba (Bloomberg) Anthropic AI Models Hacked Three Organizations During Tests (Bloomberg) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://riskreversal.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs

US President Donald Trump announces deal to disarm Hamas. American oil giants Exxon Mobil and Chevron reported surging second-quarter profits as conflict with Iran drives up global fuel prices. At least 34 people are dead after thousands swam from Morocco into the Spanish territory of Ceuta. Japan quake deaths rise to 35. Wildfires rage near Bordeaux in France and across the border into Spain, thousands evacuated. Statistics Canada says real GDP grew 0-point-3 percent in May, marking a second straight month of economic expansion. Ranchers in British Columbia are worried a new water order will risk their feed crops and increase their bills.

Stewart Glickman breaks down the latest earnings from Exxon Mobil (XOM) and Chevron (CVX), highlighting how both companies remain focused on dividends and buybacks despite differing quarterly results. He explains why Chevron's execution earned a stronger market response and discusses how lean balance sheets could help both energy giants maintain shareholder returns even if oil prices weaken.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Ellen Wald talks about Exxon Mobil's (XOM) strong refinery turnaround and Chevron's (CVX) earnings beat, explaining what drove the oil giants' latest results. She also discusses why energy companies are staying disciplined with spending and what investors should watch in the oil market going forward.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

US Treasury Secretary Bessent said the yen has substantially overshot equilibrium and the US views excess yen volatility as unhealthy, while he added that the yen is very undervalued and that Japan may have intervened in currency markets on Thursday.Nikkei sources said Japan's government and BoJ intervened in the FX market yesterday by buying yen and selling dollars, while desks conducted rate checks.BoJ kept rates unchanged at 1.00%, as expected, through an 8-1 vote, with board member Takata the dissenter who proposed a 25bps rate hike; little move in Japanese assets on the announcement.After-hours US earnings saw Amazon (AMZN) rise almost 10% whilst Apple (AAPL) fell over 6%.APAC stocks were mostly higher following the tech-inspired momentum stateside; European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.8%.Looking ahead, highlights include French/Italian/EU Inflation Flash (Jul), German Unemployment Rate (Jul), Canadian GDP (May), US University of Michigan Final (Jul). Speakers include BoJ Governor Ueda, BoE's Pill, Fed's Hammack, Logan & Kashkari. Earnings from AbbVie, Chevron, Credit Agricole & NatWest. Scope Ratings update on Switzerland rating.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

The US and Israel are considering a land blockade of Iran to increase economic pressure, senior Israeli sources told The Telegraph. The plan could involve urging neighbouring countries and regional partners to restrict border crossings and trade.Iran's IRGC said two offending tankers were hit and stopped, and four offending tankers quickly changed course. Additionally, the IRGC said the Strait of Hormuz is closed, and any transit and movement will be possible only with the coordination of the IRGC Navy. BoJ kept rates unchanged at 1.00%, as expected, through an 8-1 vote, with board member Takata the dissenter who proposed a 25bps rate hike. Little move seen in Japanese assets following the announcement and Governor Ueda press conference. US equity futures are firmer, with Amazon surging pre-market (+12%) after reporting faster AWS growth.Fixed income benchmarks are mixed and way off best levels as energy prices rebound following recent reporting of a land blockade and hit tankers (Brent +0.3%).Looking ahead, highlights include Canadian GDP (May), US University of Michigan Final (Jul). Speakers include BoE's Pill, Fed's Hammack, Logan & Kashkari. Earnings from AbbVie & Chevron. Scope Ratings update on Switzerland.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

A.M. Edition for July 27. President Trump calls off a major escalation of strikes against Iran, amid efforts to revive diplomacy with Tehran and a debate over America's declining munitions stockpiles. Plus, Nvidia is in talks to provide a roughly $250 billion financial backstop for OpenAI to lease a massive data center project in Ohio. And WSJ tech reporter Amrith Ramkumar explains how dual lobbying efforts from Apple and Micron are putting the Trump administration in the center of a fight over access to Chinese memory chips. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Gordon Chang and Victoria Coates continue: China benefits from discounted Iranian oil but views the regime's economic instability as a "bad debt." Simultaneously, Saudi Arabia is deepening its partnership with the U.S. through a landmark nuclear cooperation deal. Iraq has also signaled a shift toward Washington, signing $60 billion in energy deals with American companies like Chevron. While Russia seeks to sell extra capacity to Asia, Ukrainian strikes on refineries may hinder Putin's ability to remain a reliable energy supplier. (4)1945 TOKYO STATION

SCHEDULE FOR THE JOHN BATCHELOR SHOW, 7-22-2026.1740 BATAVIA MASSACREGordon Chang and Rick Fisher examine Xi Jinping's introduction of the World Artificial Intelligence Cooperation Organization (WAICO), designed to establish Chinese dominance in setting global AI rules. Headquartered in Shanghai, the group aims to make international partners dependent on Chinese technology while promoting anti-democratic values. Meanwhile, China's economy is struggling, with real growth potentially near zero. Despite manufacturing strengths, China remains vulnerable due to a critical lack of high-end Nvidia chips required for advanced AI development. (1)Gordon Chang and Peter Huessy discuss the Democratic Socialists of America (DSA) bill to drastically reduce the U.S. nuclear triad, including cutting ICBMs from 400 to 150. Supported by Senators Bernie Sanders and Elizabeth Warren, the plan effectively promotes unilateral disarmament. Critics argue this trashes the concept of nuclear deterrence just as China and Russia expand their arsenals. Furthermore, there is a widespread "miseducation" of Americans regarding the necessity of a modernized nuclear deterrent. (2)Gordon Chang and Victoria Coates report that Iran has activated the Houthis to attack the Bab el-Mandeb strait, a critical choke point for Saudi Arabian oil exports. This escalation has pushed oil prices past $95 as the Houthis use Iranian-supplied missiles and drones to harass shipping. While the House of Saud is targeted, internal frictions between Saudi Arabia and the UAE complicate a unified regional response. The conflict represents a major humanitarian and economic disaster for global commerce. (3)Gordon Chang and Victoria Coates continue: China benefits from discounted Iranian oil but views the regime's economic instability as a "bad debt." Simultaneously, Saudi Arabia is deepening its partnership with the U.S. through a landmark nuclear cooperation deal. Iraq has also signaled a shift toward Washington, signing $60 billion in energy deals with American companies like Chevron. While Russia seeks to sell extra capacity to Asia, Ukrainian strikes on refineries may hinder Putin's ability to remain a reliable energy supplier. (4)Peter Earle traces how the word "trillion" entered the economic lexicon in 1981 when the U.S. passed $1 trillion in public debt. Today, the U.S. national debt approaches $40 trillion, with annual interest payments exceeding $1 trillion. Unlike 19th-century millionaires who faced high risks, modern trillion-dollar figures are often a product of government monetary expansion. We have entered "Trillionstan," where massive quantities of money are common, yet their long-term significance is often overlooked by the public. (5)Peter Earle argues that not all trillions are equal; some represent genuine wealth creation, such as SpaceX's $2 trillion valuation based on future technological potential. However, inflation and government borrowing have also inflated nominal values, potentially leading to a fiscal reckoning. If creditors lose faith in U.S. debt, the government may be forced to print more money, further devaluing the currency. Maintaining prosperity requires ensuring that economic forces focus on creating new wealth rather than merely redistributing it. (6)Henry Sokolski warns that the Trump administration's nuclear deal with Saudi Arabia allows the kingdom to enrich uranium, a process that can easily be diverted for bomb-making. Saudi Arabia has rejected the "additional protocol" for rigorous UN inspections, raising concerns about their true intentions. This "black box" arrangement lacks sufficient safeguards to prevent a rapid diversion of nuclear materials. Critics warn that providing enrichment technology to an ally involved in regional warfare is inherently delusional and dangerous. (7)Henry Sokolski continues: the Saudi nuclear deal could trigger a proliferation race, with nations like Egypt, Turkey, and the UAE demanding similar enrichment rights. Furthermore, allies such as South Korea and Poland may reconsider their own nuclear ambitions if they view American security guarantees as insufficient. Proliferation is no longer "old news" but a growing threat as nations seek their own deterrents. The result is a destabilized global order where multiple states hover on the verge of nuclear weapon status. (8)Michael Bernstam explains how Ukrainian drone strikes have destroyed 30% of Russia's refining capacity, causing the "crack spread"—the profit margin for refining oil—to triple worldwide. While Russia exports crude, it now suffers from severe domestic shortages of gasoline and jet fuel. Consequently, Russia is forced to buy back its own refined oil from India at premium prices. Putin has been "hoist on his own petard," creating a global energy weapon that has ultimately turned against the Russian economy. (9)Michael Bernstam reports that Ukrainian drones recently destroyed major distribution hubs for Wildberries, the Russian equivalent of Amazon, causing $2 billion in damage. These strikes have devastated small businesses and middle-class consumers, fueling internal resentment against the Kremlin. Simultaneously, 18 local Russian officials signed a petition calling for Putin's resignation as economic conditions worsen. The loss of consumer infrastructure and rising fuel costs are creating a constituency for ending the war to prevent a total economic collapse. (10)Bob Zimmerman reports that SpaceX is preparing for its 13th Starship flight, a prototype featuring major upgrades for future orbital missions and in-orbit refueling. In India, the startup Skyroot achieved a landmark success with the Vikram-1 rocket, signaling the rise of a private, capitalist space sector. However, the Indian government has counterproductively restricted ISRO employees from leaving for private firms. These contrasting approaches highlight the tension between state-run agencies and the efficiency of private enterprise in the global space race. (11)Bob Zimmerman surveys new discoveries: astronomers have detected a helium atmosphere on a terrestrial exoplanet located 48 light-years away in its star's habitable zone. Closer to home, archival data from Pluto reveals massive landslides, proving the dwarf planet is geologically active rather than dormant. Meanwhile, new images of Valles Marineris on Mars illustrate the canyon's staggering scale, with depths equivalent to the height of Mount McKinley. These discoveries emphasize that planetary bodies across our solar system are dynamic and evolving. (12)Simon Constable notes European energy prices are skyrocketing, with Brent crude hitting $95 and natural gas up 47% in a single month. In France, a heatwave and suspicious forest fires have added environmental stress to the economic crisis. A political movement in the U.S. is targeting data centers for their high energy consumption, which now exceeds 4% of usage. Surprisingly, the United Kingdom hosts the second-highest number of data centers globally, despite its historical association with "Luddite" skepticism. (13)Simon Constable observes that new British Prime Minister Andy Burnham faces immediate skepticism, with polls indicating nearly half of voters feel his government lacks direction. Burnham's focus on domestic issues like capping bus prices is criticized as a "tax and spend" policy that might alienate the wealthy. While he has emphasized national security, his early days have been defined by local populist initiatives. Critics worry his leadership style mimics a "Lord Mayor" rather than a strategic global prime minister. (14)Brandy Shufutinsky details how Qatar has provided extensive grants for Arabic language and culture programs in U.S.K-12 schools. These programs often utilize textbooks that omit Israel from maps and glorify extremist ideologies. Qatar Foundation International (QFI) even funds teacher salaries and work visas, raising concerns about who these educators truly report to. This funding creates a "pipeline" from elementary school to higher education, potentially instilling foreign-influenced perspectives in future generations of American citizens. (15)Conrad Black argues that Canada's economic growth has stalled due to high corporate taxes and "climate alarmist" policies under the Trudeau government. He suggests that new leadership under Mark Carney could revitalize the nation by making it more tax-competitive with the U.S. Canada's vast resources and skilled workforce provide the potential for a rapid rebound. For Canada to succeed, it must pivot back to pro-capitalist policies and attract foreign investment to drive future growth. (16)Two spelling corrections applied: Peter Earle (5, 6 — transcribed as "Pete Earl"; the AIER economist) and Brandy Shufutinsky (15 — transcribed as "Shubatinsky"). Both added to the log unless you'd prefer otherwise.

Trump wants $95 billion more for his Iran war while oil giants cash in — and DNI pick Jay Clayton confesses to victimizing Epstein's victims. In this episode: • Hegseth testifies war money runs dry by August 1 — demands $87 to $95 billion more on top of a nearly $1 trillion budget • Hegseth admits $37.7 billion already spent, then warns we're low on ammo on camera • US bombing hits civilian desalination systems — 10,000 Iranians without drinking water • Oil near $90 a barrel, gas near $4 — Chevron, Exxon, ConocoPhillips feast while Hormuz stays shut • Jay Clayton clears committee 9–8 for Director of National Intelligence after he spilled Epstein victims' names, addresses, and photos • Clayton won't say Biden won 2020 — and shrugs at Tulsi helping seize Fulton County ballots • Tillis and Cornyn freeze Todd Blanche's Attorney General path after Epstein survivor meeting left victims more traumatized • Cornyn holds Kari Lake and Mastriano ambassadorships hostage over PEPFAR AIDS funding — Lancet warns 14 million dead if cuts stand, one third children • Ed Martin's pardon office ignores nearly 6,000 pleas for clemency so he can free Trump donors and Clean Air Act polluters • Sunny Hostin's Harvard grad son handcuffed jogging in New Rochelle Key figures covered: Donald Trump, Pete Hegseth, Jay Clayton, Todd Blanche, Thom Tillis, Jon Cornyn, Kari Lake, Ed Martin, Kash Patel, Chelsi "Sunny" Hostin Subscribe for live shows Sunday, Tuesday, and Thursday at 6:05 PM Eastern. Recorded live on the David Feldman Show July 21, 2026 #IranWar #EpsteinFiles #ToddBlanche #PeteHegseth #Trump #JayClayton #PEPFAR #WarSupplemental #OilPrices #DavidFeldmanShow

Welcome to The Daily Wrap Up, an in-depth investigatory show dedicated to bringing you the most relevant independent news, as we see it, from the last 24 hours (7/20/26). As always, take the information discussed in the video below and research it for yourself, and come to your own conclusions. Anyone telling you what the truth is, or claiming they have the answer, is likely leading you astray, for one reason or another. Stay Vigilant. !function(r,u,m,b,l,e){r._Rumble=b,r[b]||(r[b]=function(){(r[b]._=r[b]._||[]).push(arguments);if(r[b]._.length==1){l=u.createElement(m),e=u.getElementsByTagName(m)[0],l.async=1,l.src="https://rumble.com/embedJS/u2q643"+(arguments[1].video?'.'+arguments[1].video:'')+"/?url="+encodeURIComponent(location.href)+"&args="+encodeURIComponent(JSON.stringify([].slice.apply(arguments))),e.parentNode.insertBefore(l,e)}})}(window, document, "script", "Rumble");   Rumble("play", {"video":"v7aual6","div":"rumble_v7aual6"}); Source Links (In Chronological Order): (9) Barchart on X: "U.S. Debt now exceeds 100% of GDP for the first time since World War 2

The short answer is no, the Chevron-Iraq deal won't solve the problem. So why did the U.S.-based energy company sign a vague, preliminary deal to negotiate a pipeline that circumvents the Strait of Hormuz? It's another sign that energy firms expect the war with Iran to drag on. Also in this episode: Talent managers represent more social media influencers as sponsored content spending grows, a food critic delivers the history of iconic Las Vegas buffets, and the U.S. experiences a fun shortage.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories in today's episode:Inflation is softening. Can it last with war and tariffs?Chevron seeks new route to transport oil from IraqThe professionals behind that sponcon on your feedThe economics behind America's fun shortageThe Las Vegas buffet, from 1946 to today

The short answer is no, the Chevron-Iraq deal won't solve the problem. So why did the U.S.-based energy company sign a vague, preliminary deal to negotiate a pipeline that circumvents the Strait of Hormuz? It's another sign that energy firms expect the war with Iran to drag on. Also in this episode: Talent managers represent more social media influencers as sponsored content spending grows, a food critic delivers the history of iconic Las Vegas buffets, and the U.S. experiences a fun shortage.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories in today's episode:Inflation is softening. Can it last with war and tariffs?Chevron seeks new route to transport oil from IraqThe professionals behind that sponcon on your feedThe economics behind America's fun shortageThe Las Vegas buffet, from 1946 to today

P.M. Edition for July 16. A new regulation from the Trump administration will cap student visas to a maximum of four years, and require extensions to stay longer. Journal immigration reporter Michelle Hackman gets into how big a change this is and what students—and U.S. companies—will be most affected. Plus, Chevron says it plans to explore how to help Iraqi oil bypass the Strait of Hormuz. And a new report from the Pew Charitable Trusts shows that debt collectors took more debtors to court last year. We hear from WSJ economics reporter Dan Frosch about what that suggests about the health of the U.S. consumer. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Baroness Dambisa Moyo is a global economist, author, board member, and investor who sits at the intersection of public policy, corporate governance, and capital allocation. Dambisa serves in the U.K. House of Lords, sits on the boards of Chevron, Starbucks, Condé Nast, and Oxford University's investment committee, is Chair of the Economic Club of New York, and oversees Altered Trajectory alongside her husband, Jared Smith, the family office formed after his sale of Qualtrics in 2018. Our conversation traces Dambisa's journey from growing up in Zambia to becoming a leading voice on global economic development and governance. We discuss how her experiences across more than 80 countries and on the boards of four global companies shaped her judgment on economic growth, governance, and decision-making. We then turn to the application of those lessons at Altered Trajectory, including the evolution away from an endowment-style portfolio, balancing Dambisa's macro convictions with Jared's moonshot investing style, and positioning for long-term themes. Along the way, we discuss the challenge of investing through structural change while avoiding ideological thinking. Any leader should see for themselves the benefits of elite coaching. Try ALEX: tryalex.admiredleadership.com. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership   Editing and post-production work for this episode was provided by The Podcast Consultant (⁠https://thepodcastconsultant.com⁠)