Autos

• Want to bet on AVs? Buy Uber ($UBER). (barrons.com)
• More Waymo miles driven means more edge cases experienced. (nytimes.com)
• Auto insurers are finding ways to not pay claims. (wsj.com)
• China is making big inroads into Europe's auto market. (ft.com)

eVTOLs

• Boeing ($BA) is swapping its eVTOL assets for a stake in Archer Aviation ($ACHR). (cnbc.com)
• Joby Aviation ($JOBY) is acquiring Resonant Sciences. (axios.com)
• How eVTOLs can be used in emergency medical situations. (axios.com)

Energy

• Wind power is growing, just not in the U.S. (ft.com)
• Why power users are interested in giant iron-air batteries. (wsj.com)
• Why is the DOE blocking grants to improve the grid? (grist.org)
• Rooftop solar is good, but solar farms are even better. (ft.com)
• There are real questions about the viability of the U.S. Strategic Petroleum Reserve. (cnbc.com)
• Base Power as the future of energy. (notboring.co)

Environment

• Snowpack is melting earlier and faster than ever. (grist.org)
• Political decisions are exacerbating the drying up of the Great Salt Lake. (hcn.org)
• The Trump administration is tearing up Big Bend National Park. (npr.org)
• What would it cost to get rid of disposable coffee cups? (reasonstobecheerful.world)

Animals

• The New World screwworm can attack humans as well. (arstechnica.com)
• Five insights from "Animate: How Animals Shape the Human Mind" by Michael Bond. (nextbigideaclub.com)

Travel

• American tourists are running roughshod over Europe. (wsj.com)
• Why the first night in a new location makes for worse sleep. (apnews.com)
• The EU’s new, electronic entry-exit system is a bit of a mess. (wsj.com)

Technology

• Back up your data! (tomshardware.com)
• The Vision Pro is about seeing, not capturing. (asymco.com)
• Why robotics companies are snapping up videos of people doing tasks. (bloomberg.com)

Science

• All living things emit a faint glow. (nature.com)
• Why our understanding of homo sapiens is undergoing such a rapid revision. (theatlantic.com)

Space

• On Mars, Perseverance is still rolling. (arstechnica.com)
• Voyager 2 is getting another year of life. (engadget.com)
• Why astronauts need to be shielded from radiation. (apnews.com)

Behavior

• How exercise can help treat depression. (twopct.com)
• An excerpt from "Inner Propaganda: Leading Hearts and Minds Through Turbulent Times" by Owen Fitzpatrick. (bigthink.com)

Vacines

• Why is a President mucking about with vaccine schedules? (thebulwark.com)
• The goal of the President's executive order is to pressure states to roll back student vaccination requirements. (cnbc.com)
• A Covid-era vaccine study has been retracted over misinformation. (scientificamerican.com)
• Research on how hepatitis C vaccines save money. (papers.ssrn.com)
• Vaccines save lives, research on just how many since 1974. (kottke.org)

Health

• More oral GLP-1 pills are coming. (sciencedaily.com)
• Bank of America ($BAC) is spending big on GLP-1s for employees. (cnbc.com)
• More companies are ditching group insurance for Health Reimbursement Arrangements. (bloomberg.com)
• Testosterone levels in men have been dropping for decades. (theatlantic.com)
• Are medical students already relying too much on AI? (theguardian.com)

Dogs

• Dogs seem to be able to read your facial expression. (arstechnica.com)
• How researchers are using CRISPR to make hypoallergenic dogs. (apnews.com)
• What Americans deem acceptable behavior when it comes to dogs. (yougov.com)

Food

• Dairy farmers are increasingly feeding cattle high oleic soy beans. (latimes.com)
• There is no agreed upon definition of 'ultra-processed foods.' (theatlantic.com)
• Is the science on coffee consumption settled? (scientificamerican.com)
• Extreme heat is threatening Italy’s “cheese banks.” (fortune.com)
• How America reinvented yogurt. (daily.jstor.org)

Sports

• Liverpool sold a roughly 30% stake to a consortium of investors including Jeff Bezos. (espn.com)
• A look at private equity's growing ties with pro sports. (pitchbook.com)
• The new sports futures on the CME ($CME) will work. (chicago.suntimes.com)
• The NFL wanted to revitalize Canton, Ohio. It hasn't worked out well. (nytimes.com)
• Pablo Torre and Wendy Zuckerman of the "Science Vs" podcast explore the viral San Francisco 49ers injury story. (podcasts.apple.com)

Entertainment

• 'Ted Lasso' is a hit, again. (variety.com)
• StubHub has a customer service problem. (wsj.com)
• Why there are big gaps between seasons of shows. (rcmalternatives.com)
• Josh Brown and Michael Batnick talk with Rich Gelfond, CEO of IMAX ($IMAX). (youtube.com)
• 'Pressure,' now on Peacock, is excellent. (marginalrevolution.com)

Children

• More American dads are taking parental leave. (reasonstobecheerful.world)
• Men really do want it to have it all. (theargumentmag.com)

Earlier on Abnormal Returns

• What you missed in our Friday linkfest. (abnormalreturns.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Mixed media

• Iran is in the driver's seat when it comes to control over the Strait of Hormuz. (wsj.com)
• Saudi Arabia, Pakistan, and Turkey are formally allied against...Iran. (theatlantic.com)
• Net migration in Israel has turned negative the past few years. (ft.com)

Markets

• RIsk on! Consumer staple stocks are undeperforming. (allstarcharts.com)
• We're nearing 24/7 stock trading. (barrons.com)

Treasury bonds

• The 30-year Treasury bond auction came in at 5.216%, the highest level since 2001. (finance.yahoo.com)
• Hedge funds play a growing role in the Treasury market. (ft.com)

Fund management

• Why Jane Street refinanced its public bonds at a high cost to itself. (ft.com)
• Want to work at Citadel? You are signing at minimum two-year non-compete. (bloomberg.com)
• T Rowe Price ($TROW) has experienced 21 straight quarters of outflows. (ft.com)

Food

• Why Starbucks ($SBUX) and McDonalds ($MCD) are pushing refresher drinks. (slate.com)
• A look at Chipotle ($CMG) nominal and real burrito prices over time. (marginalrevolution.com)
• New Yorkers are lining up for half-price sushi. (nytimes.com)

Sports betting

• A review of "Over/Under: An Unexpected History of Sports Betting" by David Bockino. (wsj.com)
• Kalshi was ordered to stop offering sports betting in Washington State. (nytimes.com)
• Gift cards for sports betting is a workaround. (fastcompany.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Corporate transparency

• The Trump administration isn't going to enforce the 2021 Corporate Transparency Act. (nytimes.com)
• Casey Michel, "The American economy is now open for business again for all kinds of mischief." (theatlantic.com)
• Money laundering just got easier. (thebulwark.com)

Economy

• July retail sales saw an actual decline. (bonddad.blogspot.com)
• Diesel prices are a problem. (paulkrugman.substack.com)
• Still no sign of economy-wide job effects from AI. (digitaleconomy.stanford.edu)
• Joe Weisenthal and Tracy Alloway talk trucking capacity with Reed Loustalot, CMO at the Truck Parking Club. (podcasts.apple.com)

Earlier on Abnormal Returns

• What you missed in our Thursday linkfest. (abnormalreturns.com)
• Longform links: replacing the experience. (abnormalreturns.com)

Mixed media

• Grand Rapids, Michigan stands out as a place where young adults can still get onto the housing ladder. (bloomberg.com)
• More rural counties are becoming 'majority minority.' (axios.com)
• How America's cities and towns got their names. (wsj.com)

Markets

• CXMT topped Tencent as China's most valuable company. (bloomberg.com)
• South Korea's stock market has bounced. (marketwatch.com)

Prediction markets

• Don't expect many prediction market inside traders to get prosecuted. (nytimes.com)
• Apex is teaming with Kalshi on prediction markets. (wealthmanagement.com)
• Novig doesn't allow 18-20 year olds on their platform. (wired.com)

Trading

• Charles Schwab ($SCHW) is rolling out single stock futures for customers. (citywire.com)
• EToro agrees to acquire TradeZero. (theblock.co)
• Why Singapore's stock exchange is a laggard. (economist.com)

Fund management

• Goldman Sachs ($GS) is doubling down on 'Boomer candy' ETFs. (wsj.com)
• Mary Childs talks with Amelia Pollard of the FT about the Situational Awareness story. (podcasts.apple.com)
• Why private asset manager M&A is challenging: carried interest. (pitchbook.com)
• Pershing Square is jumping on the pre-IPO fund bandwagon. (fa-mag.com)

AI

• A look at just how much the hyperscalers have committed to new compute. (ft.com)
• What's the OpenAI device going to look like? (spyglass.org)
• Who is Anthropic's auditor? (ft.com)

Stay in touch

• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Defense

• Why the shortage of interceptors matters. (thebulwark.com)
• What it would take to restock America's missile stock. (citriniresearch.com)
• General Dynamics ($GD) got $533 million to build artillery shells, but produced none. (propublica.org)

Economy

• Over the last 12 months, PPI is up 4.7% and up 4.2% for core. (axios.com)
• The U.S. economy is at full employment. The federal budget deficit is soaring. (econbrowser.com)
• The K-shaped economy isn't going anywhere. (newsletter.platypuseconomics.com)

Earlier on Abnormal Returns

• Longform links: replacing the experience. (abnormalreturns.com)
• What you missed in our Wednesday linkfest. (abnormalreturns.com)
• Personal finance links: passion pursuits. (abnormalreturns.com)

Mixed media

• How downtown retail spaces are getting transformed. (npr.org)
• Turning around J. Crew is no small task. (ft.com)
• How furniture got less colorful over time. (europeancorrespondent.com)
• Are suits finally making a comeback? (bloomberg.com)

Books

• Five insights from "Don’t Be Evil: Bad Bosses, Fake Promises, and My Escape from Big Tech" by Claire Stapleton. (nextbigideaclub.com)
• Brett McKay talks with Ian Bogost, author of "The Small Stuff: How to Lead a More Gratifying Life." (artofmanliness.com)
• Jack Raines, author of "Young Money" writes that today authors need to write a book AND market it. (youngmoney.co)
• An excerpt from "Human Raised: Nurturing Connection, Curiosity & Lifelong Learning in the Age of AI" by Dana Suskind. (theatlantic.com)
• Five insights from Sam Roberts' new book, "Are They Dead Yet?: The Art of the Obit." (nextbigideaclub.com)

Global

• AI is a direct threat to the Indian economy. (giftarticle.ft.com)
• The hard work of building a post-Orban Hungary is underway. (thebulwark.com)
• Why China is so fascinated with the discovery of the ancient Sanxingdui. (wsj.com)

Longreads

• Who is 'working class' in America? (kedits.com)
• What John Roberts will be remembered for. (newyorker.com)
• This family doesn't want the public to know the extent of their business with ICE. (hntrbrk.com)
• AI is minting billionaires. How will they give away their money? (vox.com)
• It's truly amazing how much medical innovation we have seen in the past century. (worksinprogress.news)
• What we did before GPS? In short, we got lost. (newyorker.com)
• When caregiving falls on children. (nytimes.com)
• Lessons learned from learning how to freedive. (slate.com)
• Why racehorses stopped getting faster. (worksinprogress.news)

ETFs

• Goldman Sachs ($GS) is buying ETF provider Neos. (citywire.com)
• Leveraged ETFs are increasingly driving market moves. (wealthmanagement.com)

Prediction markets

• The CFTC is backing up Kalshi in its fight with New York state. (gizmodo.com)
• Polymarket is losing share to Kalshi, post-World Cup. (bloomberg.com)
• CME ($CME) is launching the world's first index-based hockey futures. (reuters.com)
• Do we really want people to be able to bet on wildfires? (msn.com)

UWM

• Matt Ishbia, owner of the Phoenix Suns, other business, UWM Holdings ($UWMC), is struggling. (wsj.com)
• Non-bank mortgage origination is tough business. Just ask the Ishbias. (ft.com)
• How did UWM Holdings ($UWMC) lose $600 million interest rates? (hntrbrk.com)

Sports business

• Josh Kushner and Bob Iger are buying the Los Angeles Lakers at a $12.5 billion valuation, just a year after the Buss family gave up control. (espn.com)
• The New York Yankees scored an equity and debt deal with Apollo Sports Capital. (nytimes.com)
• Putting a value on NFL franchises for 2026 with the Dallas Cowboys in the lead. (nytimes.com)
• Sports journalists happily admit they don't do actual journalism. (sportsmediaguy.substack.com)

Work

• China has seen a rise in 'disposable workers.' (giftarticle.ft.com)
• Paul Osterman, author of "Disposable Workers: The Transformation of Employment" on the rise of the 'marginal worker.' (theconversation.com)
• Why non-college grads are struggling in this jobs market. (bloomberg.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Economy

• With the help of lower gasoline prices, July CPI came in at 3.4% year-over-year. (bonddad.blogspot.com)
• Diesel prices are not coming down. (axios.com)

Earlier on Abnormal Returns

• Personal finance links: passion pursuits. (abnormalreturns.com)
• What you missed in our Tuesday linkfest. (abnormalreturns.com)
• Research links: zero-sum propositions. (abnormalreturns.com)

Mixed media

• An excerpt from “Gerontocracy in America: How the Old Are Hoarding Power and Wealth ― and What to Do About It” by Samuel Moyn. (news.harvard.edu)
• Five insights from "United States of Oligarchy: How America’s Wealthiest Ally with Dictators, Weaken the U.S., and Destroy Democracy" by Casey Michel. (nextbigideaclub.com)
• Tyler Cowen talks with Daron Acemoglu, author of "What Happened to Liberal Democracy?" (conversationswithtyler.com)

Podcasts

• Christine Benz talks retirement spending with Stefan Sharkansky author of “The Only Other Spending Rule Article You Will Ever Need,” (morningstar.com)
• Sari Botton talks with Maura McInerney-Rowley, founder of the 'Hello, Mortal' newsletter. (oldster.substack.com)
• Peter Lazaroff talks about what you get with advisor fees. (peterlazaroff.com)

Young Money

• Barry Ritholtz talks with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (ritholtz.com)
• Five insights from "Young Money: A Field Guide to Wealth and Purpose in Your Twenties" by Jack Raines. (nextbigideaclub.com)
• Part 1 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)
• Part 2 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)

Advice

• Be wary when influencers start pitching tax strategies that are inappropriate for the average investor. (bloomberg.com)
• Retail investors like to listen to friends and family. (alphaarchitect.com)

AI

• Be very careful uploading personal financial data into LLMs. (wallethacks.com)
• When LLMs give advice they generally follow life cycle theory. (papers.ssrn.com)

Retirement

• A look at the four seasons of retirement. (jordangrumet.substack.com)
• How to take advantage of your go-go years. (meaningfulmoney.life)
• Another example when adult caregiving can be a thankless task. (fa-mag.com)

Wealth inequality

• People recognize the problem with wealth inequality, but don't want to do anything about it. (theconversation.com)
• Why most small businesses still don't offer retirement plans. (crr.bc.edu)

Personal finance

• The best way to sell a concentrated position. (ofdollarsanddata.com)
• Default behaviors matter a lot when it comes to investing. (tonyisola.com)
• The pursuit of financial efficiency is making you miserable. (jordangrumet.substack.com)
• 11 principles of the Boglehead including 'Never Try to Time the Market.' (whitecoatinvestor.com)
• Everyone experiences their own inflation rate. (trendlabs.com)
• The costs of landscaping are no joke. (readthejointaccount.com)
• How a 'jury duty' scam works. (wsj.com)

Markets

• Real yields keep rising. (mrzepczynski.blogspot.com)
• A majority of stocks are outperforming YTD. (trendlabs.com)
• Like it or not, the mega IPOs reflect the market's view. (advisorperspectives.com)

Crypto

• World Liberty Financial took $100 million from a suspected money launderer. (nytimes.com)
• Trump Media & Technology Group ($DJT) had big unrealized losses on digital assets. (variety.com)

Prediction markets

• Why flight-tracking service FlightAware is suing Kalshi. (reuters.com)
• A Q&A with Tarek Mansour, CEO of Kalshi. (nytimes.com)

IPOs

• Did Shein miss its IPO window? (pitchbook.com)
• Anthropic is meeting with investors pre-IPO. (wsj.com)

Stay in touch

• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

AI

• Nvidia ($NVDA) is increasingly orchestrating financing deals among third parties. (semafor.com)
• Ben Thompson, "The situation today, with Anthropic and OpenAI appearing to pull away, is even more problematic: Anthropic has not been dependent on CUDA for years, and OpenAI is moving in that direction, at least for inference." (stratechery.com)
• What to make of Demis Hassabis' step back at Google ($GOOGL). (sebastianmallaby.substack.com)
• Meta ($META) is going all-in on open models. (spyglass.org)

Data centers

• A new Amazon ($AMZN) data center could emit more carbon than any other power plant in the country. (nytimes.com)
• Derek Thompson talks data center opposition with journalist Jasmine Sun. (derekthompson.org)

Economy

• What's behind the drop in labor force participation? (stlouisfed.org)
• Demand for memory is spilling out into the broader economy. (thetranscript.substack.com)

Earlier on Abnormal Returns

• Research links: zero-sum propositions. (abnormalreturns.com)
• What you missed in our Monday linkfest. (abnormalreturns.com)
• Adviser links: empathy and communication. (abnormalreturns.com)

Mixed media

• Estate sales have become a bit of blood sport. (wsj.com)
• Why consumers now fear bold colors. (theatlantic.com)
• Be aware: how not to hold up the line. (artofmanliness.com)

Podcasts

• William Green speaks with Victor Haghani, founder & CIO of Elm Wealth & author of "The Missing Billionaires: A Guide to Making Better Financial Decisions." (youtube.com)
• Cameron Passmore and Benjamin Felix talk with Barry Ritholtz about why humility, probabilistic thinking, and disciplined behavior are among the most valuable investing skills. (rationalreminder.libsyn.com)

Historical returns

• The historical record of the U.S. stock market stands out relative to the rest of the world. (beyondpassive.substack.com)
• A historical look at corporate bond premiums. (papers.ssrn.com)

Retail investing

• Retail investors listen most to family and friends. (alphaarchitect.com)
• Retail European investors are upping their exposure to equity markets. (snippet.finance)

Quant stuff

• Quant firms and AI companies are fighting over the same college graduates. (wsj.com)
• A round-up of recent academic research including 'Financial Language Models as Applied Artificial Intelligence Systems for News-Based Trading under Market Frictions.' (alphainacademia.com)

Research

• Skewness matters more than you think. (alphaarchitect.com)
• What happens after a period of high dispersion and low correlation? (acadian-asset.com)
• Is private credit volatility understated? If so, by how much? (larryswedroe.substack.com)
• Our definition of risk has changed over time. (papers.ssrn.com)
• Markets pay attention when companies talk about tax rates. (papers.ssrn.com)
• A look at the difference between three types of betting markets and the stock market. (morganstanley.com)
• RIP Victor Niedehoffer, the father of statistical arbitrage. (opalesque.com)

Markets

• A list of everything the stock market has overcome in the 2020s. (awealthofcommonsense.com)
• The semiconductors and health care sectors trade at the same forward P/E. (apollo.com)

Private assets

• A look at rising private credit loan default rates. (wsj.com)
• Private equity's backlog of unsold companies keeps growing. (nytimes.com)
• How much hyperscaler debt is sitting in off-balance sheet entities? (ft.com)

Stay in touch

• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Flock Safety

• What's behind the Flock backlash? (nytimes.com)
• Flock would also like to access dashcams. (404media.co)
• In defense of Flock, used appropriately. (theatlantic.com)

Housing

• The housing recession is 4.5 years old. Some signs it may be coming to an end. (conorsen.substack.com)
• Even renters are becoming less likely to move. (libertystreeteconomics.newyorkfed.org)

Earlier on Abnormal Returns

• Adviser links: empathy and communication. (abnormalreturns.com)
• What you missed in our Sunday linkfest. (abnormalreturns.com)
• Top clicks last week on Abnormal Returns. (abnormalreturns.com)

Mixed media

• The U.S. just had its hottest month on record. (axios.com)
• Global sea temperatures keep setting new record highs. (ft.com)
• Europe is suffering through its hottest summer on record. (semafor.com)

Charles Schwab

• Charles Schwab ($SCHW) is looking for someone to run the long-short separately managed account (SMA) program. (citywire.com)
• Charles Schwab ($SCHW) is dropping FDIC for SIPC coverage for sweep cash. (riabiz.com)
• Why Charles Schwab ($SCHW) could start charging a subscription fee. (riabiz.com)

AI

• What's in your firm's AI policy? (advisorperspectives.com)
• Altruist is boosting Hazel's branding. (citywire.com)

Tax-aware long-short

• AQR is at the forefront of tax-aware long-short strageies. (bloomberg.com)
• Goldman Sachs ($GS) is all-in on tax-aware long short. (citywire.com)

Growth

• Due to asset attrition, RIAs have to grow or die. (riabiz.com)
• Growth is the key factor in RIA valuations. (wealthmanagement.com)

Client behavior

• How to help clients sell long-held assets when they don't want to. (kitces.com)
• Five challenging topics for financial advisers to broach. (melizabethgeorge.substack.com)
• Some common fears of clients. (moneychangeseverything.substack.com)

Aging

• How to support a client through loss and grief. (xyplanningnetwork.com)
• An excerpt from "How to Help Your Parents As They Age: A Financial Planner’s Guide to Caregiving" by Elliott Appel. (kindnessfp.com)

Advisers

• Good advisers play an impactful role in clients' lives. (tim.signaturefd.com)
• If nothing else, "Die With Zero" is a good discussion point. (thedailyupside.com)
• When recruiting, technical skills can be taught. (investmentnews.com)
• What advisers may be missing when working with female clients. (meghaanlurtz.substack.com)
• How gray divorce can negatively affect retirement. (investmentnews.com)
• A round-up of recent advisortech news including a wave of new AI-powered compliance platforms. (kitces.com)
• Does 24-hour trading how advisory firms should work? (investmentnews.com)

Strategy

• Language matters when it comes to market analysis. (tker.co)
• Gambling is a better business than stock brokerage. (trendlabs.com)
• Does valuation matter any more? (giftarticle.ft.com)

Companies

• Berkshire Hathaway ($BRK.A) put some cash work in Q2 including share buybacks. (cnbc.com)
• Elon Musk needs to keep the hype machine going at SpaceX ($SPCX). (wsj.com)
• Private SaaS companies are scrambling for exits. (wsj.com)
• Why Pfizer ($PFE) is struggling. (giftarticle.ft.com)

AI

• Just how badly did OpenAI mess up? (thezvi.substack.com)
• AI is now a major election issue this Fall. (newyorker.com)
• Do we really want AI creating new, novel viruses? (nytimes.com)

Immigration

• It's way too easy for the government to search your phone at the border. (theatlantic.com)
• It certainly seems that the U.S. Citizenship and Immigration Services is slow walking legitimate applications. (axios.com)
• H-1B exposure raised incomes for natives and pre-existing immigrants. (nber.org)
• Be careful criticizing ICE on social media. (wsj.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Government

• The administration's attempt to save money is haphazard at best. (npr.org)
• The story of how the Reflecting Pool repairs went so badly wrong. (nytimes.com)
• It's hard for government watchdog groups to keep up with this administration. (theatlantic.com)
• The administration is more interested in talking about foreign interference in elections than actually doing anything about it. (newyorker.com)
• The DOJ's Reno office has no attorneys. (thenevadaindependent.com)

Economy

• When it comes to the economy, be careful what you wish for. (awealthofcommonsense.com)
• The 'care economy' is holding up the jobs market. (newsletter.platypuseconomics.com)
• The precautionary principle, higher taxes, and national debt. (davidnroberts.com)
• The economic schedule for the coming week. (economicweekly.substack.com)

Earlier on Abnormal Returns

• Part 1 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)
• Part 2 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)
• Top clicks this week on Abnormal Returns. (abnormalreturns.com)
• What you missed in our Saturday linkfest. (abnormalreturns.com)

Mixed media

• Ukraine has become a linchpin of Western defense. (theatlantic.com)
• Europe's wildfires are exploding World War 2 era ordnance. (theconversation.com)
• Why Switzerland has an active network of nuclear bunkers. (npr.org)

Also on the site

• Part 1 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)
• Part 2 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Top clicks this week

1. This ETF has essentially been wiped out. (etf.com)
2. The first goal of investing is survival. (awealthofcommonsense.com)
3. Young men are trading like crazy, and not all that happy about it. (finance.yahoo.com)
4. Nvidia ($NVDA) has become a dividend stock. (advisorpedia.com)
5. In this market, big stocks are making really big moves. (awealthofcommonsense.com)
6. The U.S. stock market keeps shrugging off bad news. (axios.com)
7. How Japan's stock market has changed over time. (apollo.com)
8. Nobody really needs growth or value index funds. (wsj.com)
9. How headlights got so bright. (arstechnica.com)
10. Treasury rates aren't heading meaningfully lower absent a recession. (mrzepczynski.blogspot.com)

Autos

• How headlights got so bright. (arstechnica.com)
• Ford ($F) wants to sex up its lineup of vehicles. (wsj.com)
• Large (heavy) pickup trucks are more likely to kill others in a crash. (bloomberg.com)

Energy

• The Trump administration has spent some $4 billion buying back offshore wind leases. (techcrunch.com)
• Base Power raised a new round of capital. (wsj.com)
• Why not put solar farms on top of old coal mines? (grist.org)
• What countries have AC and which don't? (apollo.com)

Wildfires

• Why Europe is burning this summer. (newyorker.com)
• Wildfire anxiety is increasingly a thing. (axios.com)
• How summer wildfire smoke affects childhood. (grist.org)

Environment

• London’s Kew Gardens recorded its first calendar month with no rain in 155 years. (semafor.com)
• The mass media is talking about extreme heat without mentioning climate change. (mediamatters.org)
• Some coastal cities are facing higher sea levels and sinking at the same time. (sciencedaily.com)
• Kimberly-Clark ($KMB) claims to have found an alternative to wood pulp. (wsj.com)

Animals

• Want to get rid of ticks? You have to control deer populations. (theatlantic.com)
• Mountain lions reduce crashes by keeping deer and elk populations in check. (wired.com)
• The Phoenix Species Project is planning to spend big to save imperiled animals and plants. (nytimes.com)

Travel

• Air fares aren't going down any time soon. (cnbc.com)
• Airlines really don't want you to buy their economy fares. (wsj.com)

Tech

• AI experiments need domain experts. (hbr.org)
• AI changed how humans play Go. (wsj.com)
• Cyberwarfare is already here. (thebulwark.com)

Behavior

• Erik Barker, "Borrowing desires is inevitable, but we can be better about it if we try." (bakadesuyo.com)
• How keeping a schedule helps ease depression and pain. (sciencedaily.com)
• Why Wyoming has such a high rate of suicide. (nytimes.com)
• How THC could be used to treat PTSD symptoms. (sciencedaily.com)
• Fight the problem, not each other. (artofmanliness.com)
• Why small talk matters. (wsj.com)

Psychedelics

• Psychedelics now code right wing. (newyorker.com)
• How would psychedelics get rolled out in a legalization scenario? (gothamgal.com)
• How psylocibin can be used to kick start treatment for anorexia. (scientificamerican.com)

mRNA

• The FDA has approved Moderna's ($MRNA) mRNA seasonal flu vaccine, mFlusiva. (biopharmadive.com)
• What you need to know about mFlusiva, especially if you are 50+. (washingtonpost.com)
• Can mRNA move beyond vaccines? (theconversation.com)

Clinical trials

• The case against betting on clinical trials. (sensible-med.com)
• Betting on people's lives is a bad look. (npr.org)

Health

• In some people, Covid-19 woke up dormant viruses. (science.org)
• As people drop ACA insurance, hospitals are treating more uninsured patients. (nytimes.com)
• Taxi drivers die at a lower rate of Alzheimer's disease. (theconversation.com)
• Michael Easter talks with Saul Justin Newman about the myth of Blue Zones. (twopct.com)
• Patients are turning to AI with their test results. (wsj.com)

Fitness

• When it comes to fitness, leadership matters. (phys.org)
• Just keep moving. (health.harvard.edu)

Drink

• Beverage makers are in cost-cutting mode. (cnbc.com)
• Bud Light volume has been declining since 2010. (ft.com)
• Derek Thompson talks with Jonathan Caulkins and Beau Kilmer about the rise of weed and fall of booze. (youtube.com)
• What happens to your brain after you stop drinking. (wapo.st)

Food

• Nearly 4 million Americans have lost access to SNAP benefits. (npr.org)
• Taylor Fresh Foods has problems besides lettuce. (sfgate.com)
• Michael Easter talks animal welfare with Dan Shannon, CEO of the Humane League. (podcasts.apple.com)
• Why restaurant reservations are a mess. (wsj.com)

Sports

• TKO Group ($TKO) said it lost $30 million on the UFC Freedom 250 event. (theguardian.com)
• In MLB, the dedicated closer is on their way out. (wsj.com)
• The Pope's hometown team, the Chicago White Sox, are seeing a revival. (nytimes.com)
• LIV Golf is not out of the woods just yet. (huddleup.substack.com)

Entertainment

• Which television shows ended on a high note? (spyglass.org)
• What makes for a good movie adaptation? (newyorker.com)

Children

• Schools still default to calling mothers first. (theconversation.com)
• How technology has changed the experience of summer camp. (theatlantic.com)

College

• In praise of the blue book exam. (theatlantic.com)
• The issue with MFA writing programs. (theguardian.com)
• Frazer Rice talks with Laurie Dhue about the 4 S's of college success. (podcasts.apple.com)

Earlier on Abnormal Returns

• What you missed in our Friday linkfest. (abnormalreturns.com)
• Part 1 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)
• Part 2 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)
• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Are you a financial advisor? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Mixed media

• Why it seems like everyone is gambling these days. (huddleup.substack.com)
• Can AI tell if poker players are bluffing? (wired.com)
• Kalshi is hyping its accuracy. (semafor.com)

Strategy

• The first goal of investing is survival. (awealthofcommonsense.com)
• Sometimes a basket trade just makes sense. (oldroperesearch.substack.com)
• Young men are trading like crazy, and not all that happy about it. (finance.yahoo.com)

Fund management

• Paying a premium for closed-end pre-IPO funds has been a losing proposition. (pitchbook.com)
• Nobody really needs growth or value index funds. (wsj.com)
• Alternatives managers are pushing hard to put their products into model portfolios. (pitchbook.com)

Robotics

• Humanoid robot maker Unitree Robotics went public in China. (nytimes.com)
• Is it possible to build China-free humanoid robots? (wired.com)

Food

• Whole Food's (price) reputation is changing. (linkedin.com)
• Dairy-free milk volume is falling off. (bloomberg.com)
• How Pringles are made. (wsj.com)
• Why Talenti got worse. (nytimes.com)

Data centers

• The localities where data centers are getting built with little or no public input. (wsj.com)
• Despite all the talk, new data centers are largely powered by natural gas. (nytimes.com)

Stay in touch

• Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)
• Work in wealth management? Sign up for our exclusive Talking Wealth newsletter. (talkingwealthpod.com)

Housing

• Berkshire Hathaway ($BRK.A) is now the country's fourth largest home builder. (finance.yahoo.com)
• We can build data centers, but not housing. (apollo.com)
• Will the 21st Century ROAD to Housing Act actually boost housing? (construction-physics.com)
• Washington DC's luxury housing market is on fire. (wsj.com)
• What is Zuck building on Kauai? (wired.com)

Economy

• The July NFP showed an unexpected drop in jobs. (npr.org)
• Wage growth keeps falling. (paulkrugman.substack.com)
• Is the price of a less verbose Fed more rate volatility? (morningstar.com)

Earlier on Abnormal Returns

• Part 1 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)
• Part 2 of our Q&A with Jack Raines, author of "Young Money: A Field Guide to Wealth and Purpose in Your Twenties." (abnormalreturns.com)
• What you missed in our Thursday linkfest. (abnormalreturns.com)
• Longform links: pleasure-free decadence. (abnormalreturns.com)

Mixed media

• 9 questions for the moment including 'What technology is changing the world faster: AI or GLP-1s?' (derekthompson.org)
• Cardiff Garcia talks with Adam Ozimek about five controversial economic ideas. (podcasts.apple.com)
• Crime rates are falling, but no one is celebrating. (paulkrugman.substack.com)