On this week's episode, Jacob, Tom, and Carissa talk about Eli Lilly's announcement of a 70% reduction in insulin costs, which is a huge deal as about 1 in 10 Americans have diabetes. We also discuss Americans piling on debt, the moon's new time zone, the Chinese lab leak, Arm listing on the NY Stock Exchange, and once-in-a-generation snowfall in California.
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Show Notes
The Good
Eli Lilly's Insulin Price Cap Squeezes Other Drug Makers | Barron's (barrons.com)
The Bad
Americans in Their 30s Are Piling On Debt - WSJ
The Comical
Should the moon have its own time zone? (nbcnews.com)
The Head Scratcher
A Lab Leak in China Most Likely Origin of Covid Pandemic, Energy Department Says - WSJ
What Went On
U.K. Chip Designer Arm Plans New York Share Listing, in Blow to London’s Stock Market - WSJ
Home foreclosures are ticking back up (axios.com)
Key Fed inflation measure rose 0.6% in January, more than expected (cnbc.com)
Berkshire Hathaway 2022 annual report - The Reformed Broker
Win of the Week
Activist investors are a good thing for shareholders (not so much for the founders)
Time Machine
Unusually heavy snowfall on US west coast is ‘once-in-a-generation’ event | Extreme weather | The Guardian
Quote of the Week
“Best career advice I've heard on how to make money: Lie to people who want to be lied to, and you’ll get rich. Tell the truth to those who want the truth, and you’ll make a living. Tell the truth to those who want to be lied to, and you’ll go broke. Choose wisely.” - Nick Maggiulli