Autos

• Automated driving systems are causing 'automation complacency.' (nytimes.com)
• How Uber ($UBER) is managing the AV-human mix. (axios.com)
• Ultrafast charging will be a game changer. (apnews.com)

Transport

• It turns out delivery drones are loud. (nytimes.com)
• Wind power for cargo ships is making progress. (gcaptain.com)

Energy

• The case for a more distributed power grid. (nytimes.com)
• People training to work in offshore wind are in limbo. (grist.org)
• What California is learning from solar panels over water canals. (kqed.org)
• The Achilles heel of geothermal power: water. (grist.org)

Water

• Racial dynamics when it comes to property buyouts in flood-prone areas. (papers.ssrn.com)
• There's really only one solution to coastal erosion. (vox.com)

Environment

• Time shifting only does so much when it comes to extreme heat. (axios.com)
• How much of climate change can be blamed on oil companies? (theatlantic.com)
• Where the federal funds for national parks have been diverted. (nytimes.com)
• On the benefits of controlled burns of grasslands. (reasonstobecheerful.world)
• The danger from ightning is no joke, especially in Florida. (msn.com)
• Paper drink bottles are coming back. (barrons.com)

Animals

• More dam destruction means more fish. (biographic.com)
• How warmer water affects coral cilia. (wired.com)
• Meet a new wild cat species, Leopardus tilcayo. (pbs.org)
• Why bear encounters in the U.S. are on the rise. (yahoo.com)

Science

• The U.S. is losing a generation of scientific talent. (ft.com)
• Why delaying research monies is almost as bad as canceling them outright. (npr.org)
• Why AI solving math proofs isn't that interesting. (npr.org)
• AI will not obsolete mathematicians. (inference-review.com)
• NASA has lost a lot of its capabilities. (npr.org)

Travel

• Seven rules for air travel today. (nytimes.com)
• Countries are looking for new ways to tax tourists. (ft.com)

Data centers

• A lot of the pushback on data centers was due to companies forcing governments to sign NDAs. (boondoggle.substack.com)
• How data centers heat the surrounding areas. (bloomberg.com)
• Just how much power is needed to run planned data centers? (ft.com)

AI safety

• A summary of Ezra Klein's interview with Nvidia ($NVDA) CEO Jensen Huang. (thezvi.substack.com)
• The first place to look for risk from AI is financial systems. (theatlantic.com)
• How to think about AI safety. (newsletter.platypuseconomics.com)

Medicine

• More political control over the NIH is a disaster waiting to happen. (thebulwark.com)
• UK hospitals were not built for extreme heat. (nytimes.com)
• What other cancers are mRNA vaccines targeting? (msn.com)
• A potential side effect of GLP-1 use. (wsj.com)
• The ovaries are active after menopause. (wired.com)

Health

• Research shows calcium and vitamin D don't do anything for bone health. (sciencedaily.com)
• Not surprisingly, chronic stress is bad for your heart. (sciencedaily.com)
• Most cuts and scrapes don't need antibiotic ointment. (yahoo.com)
• The case for a five minute walking break every hour. (artofmanliness.com)
• Noise pollution affects more than your ears. (theconversation.com)
• What the Amish can teach us about health. (twopct.com)

Drugs

• How cocaine gets to Europe. (wsj.com)
• Drug cartels are upping their drone game. (washingtonpost.com)
• People are quitting vapes for....cigarettes. (nypost.com)

Drink

• Why cancer deaths related to alcohol are on the rise. (smithsonianmag.com)
• Why liquor seems to be at the center of every trade dispute. (nytimes.com)
• Wine grape growers are up against it. (apnews.com)
• How drinking affects dementia risk. (nytimes.com)

Food

• Most American's don't understand the environmental costs of beef production. (newyorker.com)
• Michael Easter talks with Tamar Haspel about why we should just stop eating lettuce. (twopct.com)
• Why you keep seeing new, tastier fruits. (slate.com)
• How this farm went from hog production to growing mushrooms. (npr.org)
• How salted caramel came to prominence. (snackstack.net)
• An actual plastic-free coffee maker. (fastcompany.com)
• How to eat more fiber. (theconversation.com)

Sports

• Athletes play a prominent role in Life Surge seminars. (motherjones.com)
• In praise of big time college sports. (theatlantic.com)

Children

• Is tackle football too dangerous for children? (scientificamerican.com)
• London's schools are running out of children. (ft.com)
• The problem with private schools. (hamiltonnolan.com)
• Bike buses are great. (chicago.suntimes.com)

College

• AI detectors on campus are, at best, a mixed blessing. (theatlantic.com)
• Bryan Walsh speaks to journalist and writer Theo Baker, author of "How to Rule the World: An Education in Power at Stanford University." (podcasts.apple.com)

Earlier on Abnormal Returns

• What you missed in our Friday linkfest. (abnormalreturns.com)
• 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)

Mixed media

• What's behind the trading card boom? (nytimes.com)
• Disney ($DIS) is hiking Disney+ and Hulu subscription rates. (hollywoodreporter.com)
• Strategery is back! (lexontech.org)

Markets

• When do rising yields affect stocks? (stockmarketmedia.com)
• What will higher rates break first? (bloomberg.com)
• A look at rising real yields. (econbrowser.com)

Private investments

• Startups are staying private longer, because they were overvalued by VCs. (awealthofcommonsense.com)
• Private equity firms are having wait a lot longer to generate carry. (bloomberg.com)

SpaceX

• SpaceX ($SPCX) has stopped selling Falcon 9 flights. (wsj.com)
• Space is a small-ish part of SpaceX ($SPCX). (ft.com)
• The SpaceX ($SPCX) Starship is getting another test flight on Monday. (futurism.com)

Restaurants

• McDonald's ($MCD) is planning system-wide upgrades. (cnbc.com)
• Starbucks ($SBUX) is closing 250 North American locations. (cnbc.com)
• Restaurants should be wary of marketing with AI slop. (wsj.com)

AI

• The price of tokens just keep falling. (tomtunguz.com)
• How AI has changed the software business. (auren.substack.com)
• When AI-generated emails overwhelm your inbox. (hunterwalk.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)

Sports business

• Private equity firms can now hold up to 20% ownership of a MLB club. (frontofficesports.com)
• The story behind Northwestern University's brand new football stadium. (sportico.com)
• As private equity takes over pro sports, the Green Bay Packers stand out. (nytimes.com)

Earlier on Abnormal Returns

• What you missed in our Thursday linkfest. (abnormalreturns.com)
• Longform links: the failure of shame. (abnormalreturns.com)

Mixed media

• New York City is a perfect backdrop for online creators. (nytimes.com)
• Short form video is filled with (undisclosed) paid influencers. (nytimes.com)

Markets

• Is hyperscaler borrowing really driving rates higher? (ft.com)
• Why everyone is freaking out about rates. (wsj.com)
• 30-year mortgage rates are well over 7%. (axios.com)

Books

• Insights from Peter Lazaroff's new book "The Perfect Portfolio: A Proven Guide to Smart Investing for Long-Term Success." (novelinvestor.com)
• Vishal Khandelwal talks with Ian Cassel, author of "Stock Picker: How to develop the mindset, temperament, and strategy to outperform Wall Street." (youtube.com)
• Barry Ritholtz talks with Owen Zidar and Eric Zwick, co-authors of "The Everywhere Millionaire." (ritholtz.com)

Gambling

• The ETF industry with new ways to gamble. (etf.com)
• When a trading card hobby turns into problematic gambling. (gq.com)

Finance

• How the BSE and NSE are battling for stock market supremacy in India. (economist.com)
• Separate accounts are the new hedge funds. (reuters.com)

AI

• Meta ($META) is all-in on Muse. (spyglass.org)
• Insurers and hospitals are wielding AI tools over billing. (nytimes.com)
• The killer app for AI assistants is canceling subscriptions. (axios.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)

Iran

• China is helping Iran prosecute the war. (wsj.com)
• The Iran war could linger into the next administration. (theatlantic.com)
• A notable side effect of the Iran war, lower than expected carbon emissions. (wapo.st)

Economy

• Weekly initial jobless claims remain at historic lows. (bonddad.blogspot.com)
• US refineries are running nearly full out. (econbrowser.com)
• The AI buildout could be bigger than the railroads. (wsj.com)

Earlier on Abnormal Returns

• Longform links: the failure of shame. (abnormalreturns.com)
• What you missed in our Wednesday linkfest. (abnormalreturns.com)
• Personal finance links: doing something. (abnormalreturns.com)

Mixed media

• A potential factor that explains sarcopenia. (sciencedaily.com)
• Taking care of grandchildren is good for your brain. (msn.com)
• Delayed childbearing also means delayed grandparenting. (papers.ssrn.com)

Books

• An excerpt from Robin Wiggleworth's "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World." (time.com)
• An excerpt from "Worth the Risk: The Seven Myths That Keep Us From Taking the Chances We Need to Take" by Allison Schrager. (advisorperspectives.com)
• An excerpt from "Against Convenience: Embracing Friction in an Age of Endless Ease" by Gabe Bullard. (longreads.com)
• An excerpt from Tim Lomas’s book “Translating Happiness: A Cross-Cultural Lexicon of Well-Being.” (thereader.mitpress.mit.edu)
• An excerpt from "What Could Possibly Go Right?' by Danny Meyer. (wsj.com)

Trading

• What are perpetual futures and are they coming to the US? (bloomberg.com)
• A look at the boom (and bust) in India's options market. (bloomberg.com)
• Pablo Torre on how $99 all-day seminars are being used as a funnel for expensive stock trading courses. (youtube.com)

Business

• The story of Home Depot ($HD). (wsj.com)
• The story of Marriott International. (fiscal.ai)

Entertainment

• 50 songs that explain America, including 'Jump' by Van Halen. (theatlantic.com)
• The best 100 TV shows of the 21st century, including 'True Detective.' (nytimes.com)

Longreads

• How SpaceX ($SPCX) streamlined the Raptor Engine. (construction-physics.com)
• When it comes to oceans vs. cities, the ocean usually wins. (pioneerworks.org)
• Why do Americans put so much stuff into self-storage? (newyorker.com)
• Why building more housing is so challenging. (worksinprogress.news)
• Fake watches are getting very good. (wired.com)

Markets

• The Mag 7 stocks are back at new all-time highs. (trendlabs.com)
• Nvidia ($NVDA) is now a dividend growth story. (morningstar.com)
• Just how bad is market breadth? (axios.com)

Finance

• The private equity capital cycle is broken. (ft.com)
• Why so many fintechs are becoming banks. (semafor.com)
• Insuring data centers is a growing issue. (economist.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)

Global

• The ways in which the world is moving on from the U.S. (theatlantic.com)
• Belarus potash is not going to displace Canadian potaash. (thebulwark.com)
• How tariffs affect an American bike manufacturer. (bloomberg.com)

Housing

• The current housing market shows 'inventory has picked up slightly and demand is weak.' (calculatedrisk.substack.com)
• Why the post-Covid housing market stalled and didn't crash. (awealthofcommonsense.com)
• More apartment loans are coming under pressure. (wsj.com)

Employment

• Some signs for hope in manufacturing employment. (bonddad.blogspot.com)
• Deportations are not helping native-born workers. (newsletter.mikekonczal.com)

Economy

• Is the Fed done raising rates? (tmcresearch.com)
• How higher diesel prices are going to work their way into core inflation measures. (apollo.com)

Earlier on Abnormal Returns

• Personal finance links: doing something. (abnormalreturns.com)
• What you missed in our Tuesday linkfest. (abnormalreturns.com)
• Research links: detectable patterns. (abnormalreturns.com)

Mixed media

• Americans are more freaked out about AI than other nations. (techcrunch.com)
• AI is amping up what a startup can do on its own. (wsj.com)
• Don't use AI for these five things. (engadget.com)

Books

• Jordan Grumet talks with Robin Wigglesworth, author of "A Fabulous Debt: The Epic Story of How Bonds Built the Modern World." (earnandinvest.com)
• A look at "The Everywhere Millionaire: Who Is Really Rich in America and How They Got There" by economists Owen Zidar and Eric Zwick. (bloomberg.com)
• Five insights from "The Forever Paycheck: The New Retirement Strategy to Spend More, Worry Less, and Never Run Out of Money" by Jean Chatzky. (nextbigideaclub.com)
• Five insights from "Living the 100-Year Life: How to Build a Career That Lasts and a Life You Love" by Lynda Gratton. (nextbigideaclub.com)
• Five insights from "Your Turn: How to Create a Midlife You Love" by Allison Aubrey. (nextbigideaclub.com)

Investing

• 10 reasons to give up stock picking. (earnandinvest.com)
• Novel ETFs does not mean imply better. (wsj.com)
• Gambling is a no-win financial proposition. (tonyisola.com)
• More countries are trying to turn savers into investors. (morningstar.com)
• How stock tokens work. (morningstar.com)

Retirement savings

• Making the case for tax diversification when it comes to retirement accounts. (whitecoatinvestor.com)
• QCDs are great, if you have charitable intent. (retirementroadmapfinancialplanning.com)

Work

• What to do for health insurance after a layoff. (flowfp.com)
• Startup equity is not always a slam dunk. (ofdollarsanddata.com)
• On the challenge of getting senior law partners to retire. (wsj.com)

Spending

• In praise of spending experiments. (meaningfulmoney.life)
• Not all spending is created alike. (readthejointaccount.com)

Personal finance

• Just how much of the Great Wealth Transfer will actually transfer? (kiplinger.com)
• How to adjust to big life changes. (contessacapitaladvisors.com)
• You are not going to have the same energy every day. (dariusforoux.com)
• How to be happy for someone else. (tim.signaturefd.com)
• You may not do the thing at the top of your to-do list, but do something. (yearofmentalhealth.com)

Markets

• Weird stuff is happening in the stock market. (ft.com)
• Investors can invest in fixed income with confidence. (apollo.com)

Trading

• Jane Street is now in the swaps business serving leveraged ETF providers. (bloomberg.com)
• Kalshi asks CFTC approval for margin trading on its platform. (cnbc.com)

Finance

• Do employees actually want alternatives in their 401(k)? (thedailyupside.com)
• The private equity business model is kinda broken. (fa-mag.com)
• The winners in the Oura IPO. (pitchbook.com)

Apple

• So far, so good, for new Apple ($AAPL) CEO John Ternus. (spyglass.org)
• Apple TV has awards, but is still struggling with viewership. (spyglass.org)

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)

The Gulf

• How the Iran War is different than previous wars. (betonit.ai)
• Nobody really knows how the Iran war will end. (theatlantic.com)
• The game theory of Gulf relations. (whyisthisinteresting.substack.com)

Economy

• The K-shaped economy is real. (bonddad.blogspot.com)
• Distillates are the problem now. (paulkrugman.substack.com)

Earlier on Abnormal Returns

• Research links: detectable patterns. (abnormalreturns.com)
• What you missed in our Monday linkfest. (abnormalreturns.com)
• Adviser links: when volatility comes to the door. (abnormalreturns.com)

Mixed media

• How DraftKings ($DKNG) uses AI to target losing bettors. (nytimes.com)
• Opposition to Flock is bi-partisan. (wsj.com)
• Polling is broken. (theargumentmag.com)

Research

• What explains anomalies? (papers.ssrn.com)
• Why the Optimal Portfolio is an illusion. (ofdollarsanddata.com)
• Why did markets move so slowly when it came to Covid? (marginalrevolution.com)
• What happens to the overnight anomaly if markets never close? (priceactionlab.com)
• Finfluencers are about as good as you think they would be. (barrons.com)
• Clear central bank communications is a good thing. (ft.com)
• Ambiguity rules the world around us. (mrzepczynski.blogspot.com)
• Central bankers are people too. (klementoninvesting.substack.com)

Markets

• Oil refiners are winning, while truckers are losing. (trendlabs.com)
• Demand for credit is real. (mrzepczynski.blogspot.com)

Strategy

• What has to go right for your stock pick to work out. (obliviousinvestor.com)
• No single portfolio works for everyone. (tker.co)

AI

• How to get to a $2 trillion valuation for Anthopic. (ft.com)
• AI makes us nervous because there is so much we don't know. (theatlantic.com)
• Why can't we build AI that won't kill us all? (newyorker.com)

Personal agents

• The battle to be your personal agent is here. (axios.com)
• Why didn't Google ($GOOGL) build Muse? (spyglass.org)

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)

Economy

• The economy is now exposed more to the stock market than ever before. (advisorperspectives.com)
• What economic policy mistakes are we at risk of making? (awealthofcommonsense.com)

Earlier on Abnormal Returns

• Adviser links: when volatility comes to the door. (abnormalreturns.com)
• What you missed in our Sunday linkfest. (abnormalreturns.com)
• Top clicks last week on Abnormal Returns. (abnormalreturns.com)

Mixed media

• Young consultants are, not surprisingly, jumping to AI startups. (nytimes.com)
• Posting on TikTok is the new gig work. (wsj.com)

Podcasts

• Brent Sullivan talks with Antti Petajisto about the costs of holding a concentrated position. (taxalphainsider.com)
• Brent Sullivan talks covered calls with Roy Haya, Partner and Head of Derivative Solutions at Fort Point Capital Partners. (taxalphainsider.com)

Claude

• Charles Schwab ($SCHW) is a key partner for Claude for Financial Advisors. (barrons.com)
• Claude for Financial Advisors is now live. (investmentnews.com)
• Is layering Claude on top of legacy systems the right approach? (riabiz.com)

Advisortech

• Ridgeline, an artificial intelligence-native investment management platform, has raised $250 million in a Series E round. (wealthmanagement.com)
• Estate planning startup Luminary raised a new round of capital. (citywire.com)
• Some additional color on how Savvy Wealth came to raise another $100 million in capital. (riabiz.com)

Institutional consulting

• Creative Planning has agreed to acquire RVK, an institutional investment consulting firm that advises clients with about $4.3 trillion in assets. (riabiz.com)
• The line between the wealth business and institutional advisory are blurring. (institutionalinvestor.com)

Career

• Why career changers have lower turnover. (kitces.com)
• A look at the costs (and benefits) of obtaining a CFP. (xyplanningnetwork.com)

Advisers

• Airline pilots often have unique financial issues. (wsj.com)
• Six things to keep in mind when it comes to legacy investments. (kitces.com)
• When it comes to estate planning what does simplicity mean? (wealthmanagement.com)
• Financial institutions don't make it easy to leave an IRA to charities. (cnbc.com)
• Just how accurate are chatbots on financial issues? (investmentnews.com)
• On the value add of hiring a financial adviser. (papers.ssrn.com)

Markets

• How bond math works with ~5% yields (awealthofcommonsense.com)
• How to structure a bond portfolio, especially if you don't know where interest rates are headed. (humbledollar.com)
• Bonds are now investable. (dampedspring101.substack.com)

Berkshire Hathaway

• Howard Buffett is now the chairman of Berkshire Hathaway ($BRK.A). (wsj.com)
• Three issues to consider with the new Berkshire Hathaway ($BRK.A). (newsletter.rationalwalk.com)

AI

• The AI universe is complicated. (ft.com)
• How an Iran strike damaged an Amazon ($AMZN) data center. (arstechnica.com)
• How an AI hallucination almost caused a military operation. (techcrunch.com)

ICE

• ICE did not do adequate vetting during its hiring spree. (yahoo.com)
• Alligator Alcatraz really was rife with abuses. (nbcnews.com)

Politics

• Historically the Attorney General doesn't campaign for political candidates. (nytimes.com)
• Trump has banned more media outlets from the White House. (axios.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)

Policy

• The federal government cut the civilian workforce. To what end? (bloomberg.com)
• More signs the administration is dismantling the firewall between politics and data. (axios.com)
• The IRS doesn't want to fee up to their failures. (nytimes.com)
• How FEMA incentivizes houses falling into the ocean. (npr.org)
• Money for national parks has been diverted to Washington DC. (nytimes.com)

Iran

• The DOD has not been forthright about Iran war casualties. (msn.com)
• The U.S. was behind as behind two military strikes on a school ‌and sports facility in Iran in February. (cbc.ca)

Economy

• Manufacturing is hanging in there. (bonddad.blogspot.com)
• Nobody really knows what to expect with oil and fuel prices. (ft.com)
• The economic schedule for the coming week. (economicweekly.substack.com)

Earlier on Abnormal Returns

• Top clicks this week on Abnormal Returns. (abnormalreturns.com)
• What you missed in our Saturday linkfest. (abnormalreturns.com)

Mixed media

• Moscow is one of the most surveilled cities in the world. (nytimes.com)
• Russia is holding election in areas seized from Ukraine. (npr.org)
• Russia is testing the limits in Europe, outside of Ukraine. (wapo.st)

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)

Top clicks this week

1. The alternative asset industry runs on insurance money. (axios.com)
2. The Federal Reserve doesn't control long term interest rates. (trendlabs.com)
3. Muni bonds are looking more attractive. (barrons.com)
4. The big Dario Amodei essay everyone is talking about. (darioamodei.com)
5. The pool construction business is getting rolled up by private equity. (pitchbook.com)
6. Market breadth has been weakening of late. (allstarcharts.com)
7. Still no meaningful pick up in risk-off assets. (trendlabs.com)
8. Why the market's P/E ratio is falling. (awealthofcommonsense.com)
9. Are structural deficits going to keep long term rates high indefinitely? (economist.com)
10. Some financial no-brainers including carrying umbrella insurance. (humbledollar.com)

EVs

• EV batteries are outperforming expectations. (jalopnik.com)
• Australian sales of EVS topped gas-powered cars for the first time in August. (nytimes.com)

Energy

• California's utilities are in a tough position. (bloomberg.com)
• What can you do to make yourself more energy independent. (bonddad.blogspot.com)

Travel

• Key West runs, in large part, on Haitian labor. (nytimes.com)
• AI is coming for air traffic control. (arstechnica.com)

Animals

• For the first time in over 30 years, Newfoundland and Labrador’s Northern cod stock has been deemed “healthy” by Ottawa. (canadianaffairs.news)
• Great Lakes sturgeon may be way older than previously thought. (smithsonianmag.com)
• Warmer weather makes for more wasps. (msn.com)
• How Alberta defeated brown rats. (worksinprogress.news)

AI assistants

• Meta's ($META) Muse is pretty good. (spyglass.org)
• Putting Siri AI through its paces. (pogueman.substack.com)

AI slop

• Former legitimate web sites are getting sloppified. (futurism.com)
• Book authors now need to be on the lookout for AI knockoffs. (theatlantic.com)

Behavior

• Short-form video is not great for your brain. (theatlantic.com)
• The number of clinical trials on psychedelics is on the rise. (wapo.st)

Health

• What recent deaths say about the size of the measles outbreak in Pennsylvania. (theatlantic.com)
• How the immigration crackdown is putting children at risk. (npr.org)
• Who really needs a heart calcium scan? (sciencedaily.com)
• Dying isn't easy for anyone involved. (sensible-med.com)

Fitness

• Why you should take your sleep tracker data with a grain of salt. (wsj.com)
• A look at exercise vs. diet for weight loss. (twopct.com)
• "Protocols: An Operating Manual for the Human Body" by Andrew Huberman is a fire hose of recommendations. (slate.com)

Drugs

• Cychlorphine, a new synthetic opioid, is 10 times as potent as fentanyl. (nytimes.com)
• How Portugal rolled out drug decriminalization. (theconversation.com)

Drink

• College kids have found a new way to binge drink. (eurekalert.org)
• When did martinis become a personality? (slate.com)

Food

• Driscoll's entered the berry market in China and promptly got ripped off. (wsj.com)
• How the New World Screwworm made a comeback. (sciencedaily.com)
• Are darker egg yolks actually healthier? (scientificamerican.com)

EPL

• The EPL is the undisputed king of global football, but has it lost its soul in the process? (bloomberg.com)
• Why are so many English football clubs for sale? (nytimes.com)

Sports

• Why position players are pitching more innings than ever. (neilpaine.substack.com)
• LeBron James will make more money from his Polymarket partnership than from playing for the 76ers. (frontofficesports.com)
• Is competitive fly fishing an oxymoron? (whyisthisinteresting.substack.com)
• A look at the new Belmont Park. (nytimes.com)

College

• The BusinessWeek MBA rankings for 2026 with Stanford on top. (bloomberg.com)
• On campus you can now hire a 'concierge mom.' (nytimes.com)
• College students need to sleep more. (theconversation.com)

Earlier on Abnormal Returns

• What you missed in our Thursday linkfest. (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)

Mixed media

• The shine is off newly public Shein, and fast fashion. (slate.com)
• In what world is listening to your phone on speaker in public okay? (wsj.com)

Rates

• The Federal Reserve doesn't control long term interest rates. (trendlabs.com)
• Are structural deficits going to keep long term rates high? (economist.com)

IPOs

• Is anybody really ready for an Anthropic IPO? (barrons.com)
• Revolut plans to dual list in New York and London. (ft.com)

Finance

• Jackson National ($JXN) is the 'largest issuer of traditional variable annuities in the United States.' (hntrbrk.com)
• The SEC has opened a path to tokenized equities. (cnbc.com)
• Private pension funding is not an issue. (snippet.finance)

AI

• Outside of AI companies, who wins? (marketsentiment.co)
• People talk about AI with more certainty than it deserves. (spyglass.org)
• How to spread the benefits of AI to the public. (reidhoffman.substack.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)

Defense

• Russia has an advantage in jet-powered drones. (wsj.com)
• How AI has put the Pentagon's systems at risk. (wapo.st)
• Why Russian ships can easily operate off Ireland. (wsj.com)
• Autonomous warfare is already here. (ft.com)

Economy

• Initial unemployment claims are at record low levels. (bonddad.blogspot.com)
• Four reasons why inflation should cool. (morningstar.com)
• Do consumer surveys tell us much about inflation? (ft.com)
• Yes, labor share really is falling. (newsletter.mikekonczal.com)

Earlier on Abnormal Returns

• Longform links: the passage of time. (abnormalreturns.com)
• What you missed in our Wednesday linkfest. (abnormalreturns.com)
• Personal finance links: being the market. (abnormalreturns.com)

Mixed media

• An excerpt from “Unthinkable to Unstoppable: How Curt Cignetti and the Indiana Hoosiers Stunned College Football” by Mike Niziolek and Zach Osterman. (indystar.com)
• How much do college football rosters run these days? (nytimes.com)
• Girls high school flag football is growing quickly. (axios.com)