Microsoft Copilot brands & bundles Anthropic CoWork: Microsoft is leveraging its new Anthropic investment by bundling its virally successful Claude Code based Cowork into ‘Copilot Cowork’. It’ll now be sold as a super $99/month/seat bundle to users of...

Retail trading Five minute bets on crypto? Sure, why not? (ft.com) Are retail traders finally pulling back? (sherwood.news) Finance Nasdaq ($NDAQ) is bending over backwards to accommodate SpaceX. (wsj.com) SPVs are booming. Not all of them have clear title...

Economics Cardiff Garcia talks with Stefanie Stantcheva about a paper she co-authored, “Zero-Sum Thinking and the Roots of US Political Differences.” (podcasts.apple.com) Larry Kotlikoff in a wide-ranging economics talk with Prof. Gregory...

Good morning everyone… The panic story that is starting to take shape right now is this… 2008 had ONE crisis. A housing collapse. 2026 has THREE running simultaneously:→ A private credit implosion→ A war shutting down global energy→ A bond market...

Yesterday I discussed the parallel race to build an internet for AI Agents, while reconfiguring the current one for humans to accommodate AI Agents. Also known as ‘AI Bots’. (Or my preferred term, non-humanized, non-anthropomorphized, ‘machine 2...

Good morning… I am back with another episode of The Howard Lindzon Show with Michelle Steele. We open with a rapid-fire mix of real life and markets: Narcan, “Claude Code,” eye strain, and some personal optimization advice. Then we get serious: the...

Companies Apple ($AAPL) now makes about 25% of iPhones in India. (asymco.com) The LiveNation ($LYV) deal will do nothing to bring down ticket prices. (boondoggle.substack.com) Why are people so freaked out about institutional ownership of single family...

Books An excerpt from “After Covid: The Health Impacts That Will Last Generations” by Jason Gale. (bloomberg.com) David Epstein talks with Olga Khazan, author of “Me, But Better: The Science and Promise of Personality...

In my 347th post two years ago, titled “Not ‘AI’, but ‘AIs’”, I argued that up next was an internet built for AIs over the next two decades. Just as the Internet tech wave over the last two plus decades has been an internet built for humans. While OpenAI...

Private assets JP Morgan Chase ($JPM) is reportedly tightening lending standards. (barrons.com) The Cliffwater Corporate Lending fund has experienced notable redemption requests. (citywire.com) Why the investment industry is hell-bent on pushing...