What I read this week…
Op-ed: Miami takes on the socialist model (WSJ Opinion)
America is not fixing its college financing system (Noahpinion)
A group of Apple employees protests three-day-a-week office policy (WSJ)
Akili 'took the last decade to clinically validate' its video game treatment for ADHD: CEO (Yahoo Finance)
India forced Twitter to put agent on payroll, whistleblower says (Reuters)
Intel introduces $30B semiconductor co-investment program (Intel)
Japan PM Kishida orders new nuclear power plant construction (Nikkei)
Electric car battery bottlenecks have a way of being worked out (Bloomberg)
Where are people living the longest? See where your state ranks in life expectancy (WSJ)
On Twitter…
Seems under-covered: the Inflation Reduction Act adds a ~$50/kWh subsidy for US electric vehicle batteries until 2029
Batteries cost $110-120/kWh today, falling $10-20/year
Cost parity with gas cars is $50
This implies EVs will be *permanently* cheaper than gas from 2023 on
Crazy stats: of tech IPOs valued at >$10B since 2017, just 18% have generated positive returns, and the average return is -32.5%. More to come on this topic...
$IPOF = Starlink