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Tuesday links: active overload

Markets

  • An industry has already built up around SpaceX ($SPCX) derivatives. (axios.com)
  • The AI boom is being fueled by debt. (axios.com)

Strategy

  • Sometimes models just stop working. (ofdollarsanddata.com)
  • Seven lessons from the SpaceX ($SPCX) IPO. (fortunesandfrictions.com)

AI

  • SpaceX ($SPCX) is buying Cursor. (wsj.com)
  • Is AI really the culprit behind tech layoffs? (techcrunch.com)
  • Nineteen thoughts about AI and Europe, including 'A reason why American companies don’t want to build their biggest data centers in Europe is political risk.' (siliconcontinent.com)
  • Five insights from Josh Tyrangiel's new book, "AI for Good: How Real People Are Using Artificial Intelligence to Fix Things That Matter." (nextbigideaclub.com)

Media

  • Why the DOJ didn't block the Paramount ($PSKY) deal for Time Warner. (wsj.com)
  • Why Fox ($FOX) wants Roku ($ROKU)...think data. (prospect.org)
  • How Blumhouse continues to crank out hits. (readtrung.com)
  • Apple TV is the new HBO. (lowpass.cc)

Oil

  • The cat is out of the bag. The Strait of Hormuz can be closed at any time. (semafor.com)
  • Tthe U.S. Strategic Petroleum Reserve is at its lowest level since July 1983. (axios.com)

Iran

  • Eight open questions about the Iran MOU. (axios.com)
  • The Trump administration never sold the American public on the war. (edgyoptimist.substack.com)
  • What goals did the U.S. achieve in Iran? (danieldrezner.substack.com)

Economy

  • What to expect from Kevin Warsh's first FOMC meeting. (stayathomemacro.substack.com)
  • How the war in Iran changed the global economy. (nytimes.com)

Earlier on Abnormal Returns

  • Research links: distinct economic forces. (abnormalreturns.com)
  • What you missed in our Monday linkfest. (abnormalreturns.com)
  • Adviser links: the reality of aging. (abnormalreturns.com)
  • Don't miss a thing! Sign up for our daily e-mail newsletter. (abnormalreturns.com)

Mixed media

  • Microsoft ($MSFT) has a big Xbox problem. (spyglass.org)
  • Substack is jumping into the advertising game. (variety.com)
  • A profile of The Bulwark. (wsj.com)