Dr. Ed's Blog

October 20 (Friday)

Latest Morning Briefing Executive Summary: Bank Earnings, CO2 & The Oceans
Three big banks have produced Q3 earnings surprises, beating consensus expectations and allaying fears about nonperforming real estate loans, declining deposits, and the pace of consumer spending. Jackie summarizes the key takeaways from the conference calls of JPMorgan, Bank of America, and PNC Financial Services, including what proposed Basel III Endgame regulations might mean for each. … And in our Disruptive Technologies segment: The ocean may hold the key to slowing climate change. Researchers in startups and academia are finding ways to ramp up the ocean’s CO2 absorption capacity.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 16.

Markets
There’s a Reason This Bull Market Feels So Weird | W
10-year Treasury yield retreats after rising to 5% | C
How Five Investors Win in a World of Higher Interest Rates | W

Central banks
Powell Says Fed ‘Proceeding Carefully,’ Leaves Door Open to Rate Hike | B
Powell Says Strong Economic Data ‘Could Warrant’ Higher Rates | N
Powell says inflation is still too high and lower economic growth is likely needed to bring it down | C
Fed’s Goolsbee Hopeful US Can Avoid Recession Despite Rate Hikes | B

US
Economists Boost US Growth Projections, Reduce Recession Odds | B
Heating Your Home Should Cost Less This Winter—Unless You Live in These States | W

China
China, world’s top graphite producer, to curb exports of key battery material | R
 
Geopolitics & trade
Israel-Hamas War Latest News Updates on October 20: Biden’s Speech, Oil Rises | B
Israel Evacuates City Near Lebanon Border as It Hits Scores of Targets in Gaza | W
China weighs options to blunt U.S. sanctions in a Taiwan conflict | R
US Envoy Nicholas Burns Calls on China to Denounce Hamas | B

Industries & companies
Energy: Solar stocks tumble to 3-year low as Solaredge drops 25% on demand warning | C
Financials: Big banks cut thousands of jobs, more layoffs coming | C
Media: Elon Musk: X, formerly Twitter, to launch two new subscription tiers | C
Pharma: Ozempic Maker is Testing Weight-Loss Drugs For Kids | B
Pharma: Gray Market for Weight Loss Drug Retatrutide Spreads Online Years Ahead of FDA Approvals | W

Artificial Intelligence
Pressure to adopt AI grows for leaders across industries, study finds | C

Climate
China and India struggle to curb fossil fuels | R

Beyond markets
America needs a grand strategy for outer space | The Hill

October 19 (Thursday)

Latest Morning Briefing Executive Summary: Bank Earnings, CO2 & The Oceans
Three big banks have produced Q3 earnings surprises, beating consensus expectations and allaying fears about nonperforming real estate loans, declining deposits, and the pace of consumer spending. Jackie summarizes the key takeaways from the conference calls of JPMorgan, Bank of America, and PNC Financial Services, including what proposed Basel III Endgame regulations might mean for each. … And in our Disruptive Technologies segment: The ocean may hold the key to slowing climate change. Researchers in startups and academia are finding ways to ramp up the ocean’s CO2 absorption capacity.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 16.

Markets
10-Year U.S. Treasury Yield Tops 4.9% | W
Treasury Market’s New Math Upends Responses to ‘Fog of War’: Surveillance | B
Zinc market shifts to oversupply but where’s the metal? | R

Central banks
Fed Chair Powell to deliver key speech Thursday. Here’s what to expect | C

US
30-year fixed mortgage rate just hit 8% for the first time since 2000 | C
Household Net Worth Surged After the Pandemic Hit | W

China
China Bet It All on Real Estate. Now Its Economy Is Paying the Price. | N

Geopolitics & trade
U.S. Says Intelligence Shows Islamic Jihad Militants Behind Gaza Hospital Blast | W
Biden will seek ‘unprecedented’ Israel aid package | C
Egypt to Allow Aid Into Gaza, Biden Says | B
Israel-Hamas War: India Can’t Float Above Mideast Fray | B

Industries & companies
Airlines: Flight Delays and Other Uncertainties Slow Business Travel’s Rebound | W
Airlines: Delta walks back some changes to Sky Club access, loyalty program | C
Airlines: United Airlines to debut new boarding order to save time | C
Autos: Ford says US fuel economy plan would cause automaker ‘economic hardship’ | R
Media: Disney gives investors a look at ESPN financials | C
Media: Netflix Plans Price Increase as Password-Sharing Crackdown Boosts Subscriber Growth | W
Media: Netflix returns to growth mode | C
Pharma: Pfizer to price Covid drug Paxlovid at $1,390 per course | C

Corporate finance
OpenAI Is in Talks to Sell Shares at an $86 Billion Valuation | B
Universal Music sues Anthropic for copyright infringement over lyrics | C

Beyond markets
New ‘brain atlas’ maps the highly complex organ in dazzling detail | WP

October 18 (Wednesday)

Latest Morning Briefing Executive Summary: Rolling Recovery
The rolling recession that struck goods producers and distributors in early 2021 has ended, and the goods sector is now enjoying a rolling recovery, as stronger-than-expected retail sales and industrial production data attest. Consumers are shopping with gusto and increasingly on stuff; they’re not about to retrench as some hard-landers expect. … Likewise emerging from a recession are S&P 500 companies’ earnings, which may have hit a record high in Q3 along with their revenues. … And: Joe compares how various style indexes have performed since the S&P 500’s July 31 bottom as well as reviews the aggregate S&P 500 earnings data from early reporters and checks in on the MegaCap-8.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 16.

Markets
Wall Street’s Latest Obsession Is an Unknowable Number | W
Brent hits $93 as Middle East strife heightens supply concerns | R

Central banks
Why One Fed Official Is Ready to Stop Raising Rates | W

US
Mortgage demand falls to the lowest level since 1995 as interest rates near 8% | C
A Higher Monthly Payment, but Less Square Footage | N
Roaring US economy and foreign murk feeds home bias | R
Health Inflation’s Big Hike This Year, in Charts | W
The economic impact of the ‘golden years’ is just beginning | The Hill

China
China’s Q3 GDP growth shows economic recovery gaining traction | R
China’s Strong GDP Report Shows Housing Remains a Big Problem | B
China’s Economy Gets Boost From Stimulus, but Headwinds Grow | W
China’s Country Garden Was Given a Second Chance to Make a Bond Payment. It Failed. | W

Geopolitics & trade
Israel, Hamas, and 30 Million Barrels of Oil | City Journal
Israel-Hamas War: No One Can Find a Way Out | B
Biden Visits Israel Seeking to Salvage Trip After Deadly Gaza Hospital Blast | B
Biden Backs Israel Over Gaza Hospital Blast | W
Putin praises ‘dear friend’ Xi, pitches Russia’s Northern Sea route | R

Industries & companies
Autos: GM to delay EV truck production at Michigan plant | C
Commercial Real Estate: Prologis Says Industrial-Property Demand Remains Resilient | W
Logistics: Amazon Introducing Warehouse Overhaul With Robotics to Speed Deliveries | W
Media: X Is Testing $1 Annual Fee in New Zealand, Philippines to Fight Spam | W
Pharma: GLP-1 Drug Benefits Like Ozempic Go Beyond Weight Loss | B
Retail: Walmart beefs up online marketplace in Amazon challenge | C
Tech: Apple supplier Foxconn to focus on specialty tech not cutting-edge chips | C
Tech: Foxconn and Nvidia team up to build ‘AI factories’ | R

Corporate finance
Lina Khan’s rise was heralded as an antitrust revolution. Now she has to pull it off | NN

Climate
Stockholm bans diesel and gas cars from driving downtown starting 2025 | C
Shipping: Going green will add to inflation ‘no question’ says CEO | C

October 17 (Tuesday)

Latest Morning Briefing Executive Summary: It’s Different This Time
Today, we compare the current economic and financial environment with those of three past periods—the late 1970s, early 2000s, and mid-2000s. Today’s environment resembles the other three in that easy credit conditions fueled price and/or asset inflation, which led to tightening of credit conditions. In the past periods, that set off economywide credit crunches and recessions that moderated inflation. This time is different: No economywide recession is forthcoming, yet inflation is moderating anyway. The most important difference about this period, however, is that productivity growth is unlikely to collapse but to boom throughout the rest of this decade.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 16.

Markets
Stocks close higher, Dow rallies 300 points as optimism over earnings outweighs higher rates | C
Long-End Treasuries Fluctuate by Most Since 2020 Pandemic Onset | B
Bonds Have Been Awful Investments. It’s a Good Time to Buy. | N
US, Venezuela to announce oil sanctions deal on Tuesday -report | R
Investors dumped oil among fastest rates in last decade | R
More Chinese companies vow share buybacks as market sags further | R

US
If the Economy Is So Strong, Why Are Consumer Stocks Tanking? | W
This Inflation Report Won’t Let the Fed Declare Victory | W
It’s Getting Too Expensive to Have Fun | W
Home Sales on Track for Slowest Year Since Housing Bust | W
53% of Gen Z see high cost of living as barrier to financial success | C

China
China’s robust imports of major commodities question weak economy view | R
Chinese Corporate Borrowing Slumped in Q3, According to China Beige Book | B
Country Garden’s entire offshore debt to be in default if Tuesday payment not made | R
The Scenarios China Evergrande Group Would Face in a Potential Liquidation | B
 
Geopolitics & trade
Israel-Hamas war: How geography could shape a ground incursion in Gaza | C
Biden to Visit Israel as U.S. Push for Border Opening Stalls | W
How the Israel-Hamas War Is Tilting the Global Power Balance in Favor of Russia, China | W
How Singapore Can Adapt in a Time of US-China Stress, Climate Change | B
 
Industries & companies
Autos: Ford, UAW leaders spar as auto strike costs rise | R
Autos: Automakers blast US plan to hike fuel efficiency rules | R
Consumer: Tyson Foods workers, activists protest child labor in US meat sector | R
Financials: Goldman Sachs Wants Out of Consumer Lending. Employees Say It Can’t Happen Fast Enough. | W
Media: Taylor Swift Eras Tour box office: Second best October open | C
Media: AMC’s Taylor Swift deal fulfills theater chain’s wildest dreams and here’s how | FO
 
Corporate finance
Exxon Mobil Closing In on Megadeal With Shale Driller Pioneer | W

Technology
Sweetgreen Hires Kale-Shooting Robots to Speed Up Service | W
Memory-Chip Stocks Can Ride the AI Gravy Train, Too | W
AI Could Spur an Economic Boom. Humans Are in the Way. | W
No company is immune from cyberattacks  | The Hill

October 16 (Monday)

Latest Morning Briefing Executive Summary: All About Inflation
To answer whether the latest bout of inflation in general will prove persistent or transitory, we must look deeper than the headline rate. Core rates exclude energy and food, but shelter arguably should be excluded to get the answer, as it too is still distorted by temporary pandemic-related factors. The resounding message we hear from September’s CPI data: Both headline and core CPI rates—ex shelter—were 2.0% y/y in September. That’s the Fed’s target rate (albeit for the PCED). For us, that’s confirmation enough that inflation is moderating. It’s transitory, not persistent. Then again, some will see signs of persistent inflation in the data details. … And: Dr. Ed reviews “Somewhere in Queens” (+).
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 9.

Markets
US oil is back, and Exxon’s $60 billion deal isn’t the biggest signal | C
 
US
A Soft Landing in the U.S. Could Be Hard for Everyone Else | W
A Recession Is No Longer the Consensus | W
These Companies Are Being Squeezed by Higher Rates | W
U.S. Races to Expand Michigan Locks and Secure the Supply Chain | W
Why the U.S. Government Has $5 Billion in Bitcoin | W
 
Europe
Europe should not copy Bidenomics | E
 
Asia
China’s banks may be loaded up with hidden bad loans | E
Large parts of Asia are getting old before they get rich | E
 
Geopolitics & trade
Hamas’s attack was the bloodiest in Israel’s history | E
Will Israel’s agony and retribution end in chaos or stability? | E
Clashes Intensify Along Israel’s Northern Border as It Prepares Gaza Invasion | W
Gaza’s evacuees are racing south with nowhere safe to go | E
How the tech sector in Israel is navigating the war | NN
America and China should keep doing research together | E
 
Industries & companies
Autos: Automakers Have Big Hopes for EVs; Buyers Aren’t Cooperating | W
Banks: Big-Bank Profits May Be Higher, but for How Much Longer? | W
Media: Taylor Swift Eras Tour concert film opening weekend box office | C
Pharma: Obesity medicine euphoria warning: Experts tackle ‘miracle drugs’ | C
Wireless: How 5G Has, and Hasn’t, Changed the World | W

Climate
Opinion | I Study Climate Change. The Data Is Telling Us Something New. | N
 
Artificial Intelligence
Want to Know the AI Lingo? Learn the Basics, From NLP to Neural Networks | W

October 14 (Saturday)

Latest Morning Briefing Executive Summary: Banks, Biotech & Digital Money
Bank stocks have tanked this ytd, and analysts are pessimistic on earnings prospects. Valuations are so depressed that both the S&P 500 Regional Banks and S&P 500 Diversified Banks industry indexes sport forward P/Es below 10. But Jackie sees signs that Q3 earnings may not be as bad as feared, including a recent pickup in capital markets activity and adequate protections against slowly rising loan losses. … Also underperforming this year has been the S&P 500 Biotech industry. But brisk M&A activity may underpin these stocks. … And: China has rolled out a digital currency; the government has been incenting its uptake in numerous ways.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 9.

Markets
Stock Investors Embrace Bond Yield Surge in Dangerous Fed Bet | B

US
Persistent US services inflation dampens oil outlook | R
Deflation is the anti-inflation. Here’s the September 2023 breakdown | C
Quiet cutting: Power balance in offices may be shifting back to bosses | C
Walgreens pharmacy staff could stage nationwide walkout | C
Should I Buy a House? Higher Interest Rates Make it Cheaper to Rent | B

Geopolitics & trade
Gaza Residents Brace for Israeli Offensive After Evacuation Demand | W
Civilians trapped in Gaza can’t escape Israel’s siege | C
Hezbollah joining conflict in neighboring Israel would be a ‘gamechanger’ | C
Israeli shelling strikes Lebanese army post after infiltration warning | R
Israel-Hamas War: After Gaza Strip Invasion, US Fears Lack of Strategy | B
US must be ready for simultaneous wars with China, Russia, report says | R
Why X and Meta face pressure from EU on Israel-Hamas war disinformation | C

Industries & companies
Autos: UAW Strikes for More Worker Pay as GM, Ford, Stellantis CEOs Paid $1 Billion | B
Pharma: US FDA approves Pfizer’s inflammatory bowel disease drug | R

Beyond markets
Universal basic income actually isn’t that radical — it’s just good poverty policy | Vox

October 13 (Friday)

Latest Morning Briefing Executive Summary: Banks, Biotech & Digital Money
Bank stocks have tanked this ytd, and analysts are pessimistic on earnings prospects. Valuations are so depressed that both the S&P 500 Regional Banks and S&P 500 Diversified Banks industry indexes sport forward P/Es below 10. But Jackie sees signs that Q3 earnings may not be as bad as feared, including a recent pickup in capital markets activity and adequate protections against slowly rising loan losses. … Also underperforming this year has been the S&P 500 Biotech industry. But brisk M&A activity may underpin these stocks. … And: China has rolled out a digital currency; the government has been incenting its uptake in numerous ways.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 9.

Markets
Stocks Drop, Ending Winning Streak After Inflation Data | W
Treasury Bond ETF (TLT) Backfires With $10 Billon Loss | B
Cooperman expects little from market, only watching individual stocks | C

Central banks
Housing remains a puzzle in Fed’s inflation fight | R
Inflation Bump Won’t Be Enough to Unsettle Fed | W
Getting to 2% inflation won’t be easy. This is what has to happen | C

US
Surging rents lift US consumer prices; underlying inflation grinding lower | R
Mortgage rates near 8%, low inventory: Homebuyers face tricky market | C
Joe Biden meets with Target CEO Brian Cornell and business leaders | C
 
Geopolitics & trade
Israel-Hamas War Live News Updates: Hamas Says Attack Was Planned for Two Years | W
For Palestinians Trapped in Gaza, There Is No Way Out | W
U.S. to Hold Off on Disbursing $6 Billion in Iran Oil Revenue Unfrozen in Prisoner Deal | W

Industries & companies
Autos: Ford-UAW contract talks: Automaker ‘at the limit’ of what it can offer | C
Banks: Bank earnings kick off after another period of rising rates, bad loans | C
Media: Disney Goes All In on Sports Betting | W
Media: Comcast, Disney hire Morgan Stanley, JPMorgan to value Hulu | C

Artificial Intelligence
‘A.I. Obama’ and Fake Newscasters: How A.I. Audio Is Swarming TikTok | N

Beyond markets
Accounting Graduates Drop By Highest Percentage in Years | W
We Can Now See the Brain Like Never Before | W
Google opening Visitor Experience cafe, retail store, event space | C

October 12 (Thursday)

Latest Morning Briefing Executive Summary: Banks, Biotech & Digital Money
Bank stocks have tanked this ytd, and analysts are pessimistic on earnings prospects. Valuations are so depressed that both the S&P 500 Regional Banks and S&P 500 Diversified Banks industry indexes sport forward P/Es below 10. But Jackie sees signs that Q3 earnings may not be as bad as feared, including a recent pickup in capital markets activity and adequate protections against slowly rising loan losses. … Also underperforming this year has been the S&P 500 Biotech industry. But brisk M&A activity may underpin these stocks. … And: China has rolled out a digital currency; the government has been incenting its uptake in numerous ways.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 9.

Markets
U.S. Treasury yields: Treasury yields tick higher after fresh CPI report | C

Central banks
Fed Minutes Show Officials Divided on Future Rate Rise | W
Fed QT mix may be capping, not spurring, long yields | R

US
US CPI Report September 2023: Core Inflation Rises 0.3% for Second Month | B
US consumer prices rise on gasoline and shelter costs in September | R
2024 COLA: Social Security announces 3.2% cost-of-living adjustment | C
Immigration reform could be the answer to the falling U.S. birth rate | C
Manhattan Apartment Hunters Finally Get a Break With Falling Rents | B
The Federal Deficit Is Even Bigger Than It Looks | W

China
Iron ore buyers bet bad China property news is actually good | R

Geopolitics & trade
Israel Aims to Destroy Hamas in War | B
Israel Aims to Dismantle Hamas as Blinken Tries to Prevent Wider War | W
At Israel-Lebanon Border, Fears Grow of a Second Front | W
China bans new offshore brokerage accounts to prevent ‘bypassing’ of forex controls | R

Industries & companies
Airlines: Fake Parts Found on Boeing, Airbus Jets Plague Airlines | B
Autos: UAW launches key strike against Ford’s Kentucky truck plant | C
Banks: Are High Rates Taking a Toll on Consumers? Bank Earnings Will Provide a Clue | W
Media: Theaters Prep for Taylor Swift ‘Eras Tour’ Movie Mayhem, Will ‘Let Them Break Most of Our Policies.’ | W

Technology
OpenAI plans major updates to lure developers with lower costs: Reuters | C

Corporate finance
Exxon’s One-Time Adversary Engine No. 1 Unanimously Backed Deal | B

October 11 (Wednesday)

Latest Morning Briefing Executive Summary: Bonds & Stocks
Fitch’s downgrade of US debt on August 1 was triggering for both the bond and stock markets. Bond yields since have soared, while S&P 500 companies’ collective valuation has staggered. Today, we examine the underlying issues that have kept yields elevated and the question of whether they’ve now risen high enough to attract sufficient demand to clear supply. … And: Joe shares stats on the MegaCap-8’s valuation declines since the end of July. Notwithstanding their valuation hits, these eight stocks now represent a slightly bigger slice of the S&P 500’s market cap, at a record-high 27.4%, than they did in July.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 9.

Markets
Extended war?: Markets may be underestimating Israel-Hamas conflict | C
Inured to edgy geopolitics, markets deflect risk | R
Oil bulls turned cautious before Middle East conflict | R
 
Central banks & credit
Higher Bond Yields Likely to Extend Fed Rate Pause | W
Daly Brings Higher R-Star Fears Back Into Mix for Bond Traders | B
Higher Interest Rates May Be Needed to Curb Inflation, Fed’s Bowman Says | B
The Fed is at odds with itself. That’s a feature, not a bug | NN
CPI: Clash of Inflation Expectations as Tighter Credit Bites | B
Muni Funds That Use Borrowed Money Take a Big Hit | W

US
Profits Are Making a Comeback | W
Worried about jobs? Inflation? The Fed? Let’s talk reality | P
Why America’s strike wave is barely registering on Wall Street | NN
Downsizing Your Home for Retirement Isn’t the Money Move It Used to Be | W
Tiny Homes Are the Hot New Homeowners’ Accessory | W

Geopolitics & trade
U.S., in Chip War with China, Extends Some Allowances for Asian Allies | W
China saves billions of dollars from record sanctioned oil imports | R

Industries & companies
Autos: GM, Canadian autoworkers union Unifor reach deal to end strike | C
Banks: Higher-for-Longer Interest Rates Worry World Bank as Debt Ripples Spread | B
Banks: JPMorgan (JPM), Citigroup, Banks Grapple With Worst Write-Offs in Three Years | B
Media: Europe gives Musk 24 hours to respond about Israel-Hamas war misinformation on X | C
Pharma: Shares of dialysis providers drop after Ozempic’s early kidney trial success | R

Corporate finance
Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock merger | C
Birkenstock prices IPO at $46 per share | C

Beyond markets
Does it Matter to You if AI Makes a Work of Art You Love? WSJ Readers Are Divided | W
What’s Changed for Crypto After FTX? Not Much. | W
Is the Eye the Window to Alzheimer’s? | W

October 10 (Tuesday)

Latest Morning Briefing Executive Summary: Reassessing Recession Risk
The prospects of a prolonged war in the Middle East heighten the chance of a recession in the US. That’s not our base-case outlook, but we are raising the odds we see of a recession before year-end 2024 to 30% from 25%. The other 70% represents the rolling recessions/recoveries scenario we expect to continue; it’s tough to envision a recession when consumers have the support of such a robust labor market. … But our worry list has expanded with the recent addition of a potential debt crisis and now the escalation of Middle East hostilities. Additionally, we’re monitoring the banking industry for any sign of an emergent credit crunch.
(subscribers’ link)

YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on October 9.

Markets
Oil Prices, Defense Stocks Rise as Israel-Hamas Conflict Rattles Markets | W
Crude oil risks mount as Hamas ruptures Middle East detente | R
Exclusive: US, Venezuela in talks for fresh oil sanction exemptions -sources | R

Credit
Catastrophe Bonds Defy Global Selloff With Record Returns | B
US Treasury Yields Set to Slump When Cash Market Reopens for Asia Session | B
Long Bonds’ Historic 46% Meltdown Rivals Burst of Dot-Com Bubble | B
Corporate Bond Investors Are Turning to Shorter-Dated Investment-Grade Debt | B

US
Consumers buckling for first time in decade: Former Walmart U.S. CEO | C
As student loan payments restart, Biden can cancel all loan debt | MSNBC

Geopolitics & trade
Israeli-Palestinian Conflict Explained: From Peacemaking to War | B
Israel’s Hostage Crisis Deepens With Execution Threat | W
Israel-Hamas war: Pentagon pushes U.S defense titans to send weapons | C
Israel attacks: Airlines cancel flights, tours scramble | C

Industries & companies
Autos: UAW strike shows Ford, GM, Stellantis have hit the scrapyard | P
Autos: US automakers increase strike layoffs by more than 800 | R
Energy: Exxon-Pioneer tie up could squeeze US shale oil suppliers, pipelines | R
Media: Why Nelson Peltz Grew Impatient With Disney’s Turnaround Efforts | W
Media: X, formerly Twitter, amplifies disinformation amid Israel-Hamas conflict | C
 
Artificial Intelligence
The US, not China, should take the lead on AI | FO

Climate
Aramco, Siemens Energy launch direct air-capture project | C