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Scott Levine (Archer Aviation): Archer’s plan is simple: sell flying cars to everyone and their uncle while moonlighting as a defense contractor. Why not? The Midnight eVTOL is supposed to be a ride-share marvel and a war machine in waiting. The company has already signed deals with United Airlines, Abu Dhabi Aviation, and Ethiopian Airlines. These aren’t just handshakes; they’re commitments worth $1.5 billion. But here’s the kicker: Archer’s real money might come from selling hybrid eVTOLs to the Pentagon. In 2024, it partnered with Anduril, a defense tech company that sounds like it was born from a Silicon Valley board game. If Archer lands a Department of Defense contract, NATO allies might follow. Global tensions are a gift for defense contractors, like a Black Friday sale for doom. You, dear investor, are left to wonder: Is this the next Boeing, or the next Lehman Brothers? So it goes.

Cava, with its Mediterranean-inspired offerings, is carving its own niche in this illustrious arena. Though presently a modest player compared to its illustrious rival, discerning investors are abuzz with speculation: might this upstart one day emulate Chipotle’s storied success? History, however, counsels a measured dose of skepticism when the past’s titans loom large.

Unlike those capricious digital coins that exist solely to thrill the market’s fancy, XRP—sometimes called Ripple—boasts a practical edge: its blockchain serves as a trusty bridge in international transactions, saving both time and coin. Yet even the most utilitarian asset can be caught in the undertow of overvaluation when investor sentiment runs amok.

The partnership’s details are as follows: Uber will presumably launch a robotaxi service in a major U.S. city by next year, using 20,000 Lucid SUVs. These vehicles will be owned and operated by Uber or its fleet partners, with riders accessing them exclusively via the Uber app. The logistics of this arrangement are, to say the least, a masterclass in optimism. For context, 20,000 vehicles is roughly the number of people who would need to simultaneously decide that robotaxis are both necessary and trustworthy. (Imagine convincing a room full of pigeons to build a space station using only breadcrumbs and existential dread.)

Yet a more insidious peril looms—one that threatens to unravel the very fabric of Tesla’s financial architecture.

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AGNC Investment, a mortgage real estate investment trust, is a creature of shadow and light. It purchases securities born of pooled mortgages, a dance of numbers and uncertainty. The investor, like a pilgrim in a foreign land, must grapple with the forces that shape its fate: interest rates, housing markets, and the fickle rhythm of repayment. Management, with its feverish calculations, seeks to outpace the cost of capital, yet the path is fraught with the weight of human frailty.

the relentless, unglamorous task of repairing that which refuses to remain whole. Even if the age of new construction slumbers, the labyrinth of malfunction, decay, and replacement ensures the company’s continuation, as if the swimming pool, once summoned into existence, condemned its owner to eternal recurrence of repair invoices.

ExxonMobil’s $43 billion grab for Pioneer Natural Resources in May 2024 was a swift, surgical move. Chevron, meanwhile, spent an extra year tangled in legal red tape over its $28 billion Hess acquisition. Why? Because in the oil business, even a change of ownership is a three-act play—with ExxonMobil playing the role of the grumpy neighbor who doesn’t want his backyard turned into a trampoline park.