paua

[paua @CHICOMXLO]

Bergamo

[Jack Prandelli @jackprandelli]

Eni just bought into a Chilean lithium project and broke ground on an Italian battery gigafactory.

It's building the full vertical chain: lithium mine to battery cell to grid storage.

$225 million into Chile and 16 GWh/year target in Italy. 🇨🇱🇮🇹⚡

The Chilean piece:

Eni is acquiring 25% of Black Giant SpA EnergyX's lithium project near Salar de Punta Negra in northern Chile for a phased $225 million investment.

Target production: 52.5 kton/year of lithium carbonate equivalent (LCE).

Phase 1 (Train 1): 7.5 kton/year, start-up 2028.
Phase 2: +45 kton/year additional, start-up 2030.

Eni gets a board seat and rights to purchase up to 25% of total LCE production direct feedstock for its own battery operations.

The Italian piece:

Eni Storage Systems broke ground on a battery gigafactory in Brindisi LFP (lithium iron phosphate) cells, modules and full BESS assembly, built on a former Versalis chemical site.

Partners: Seri Industrial (FIB).
Capacity: 16 GWh/year by 2030 (Brindisi + Teverola combined) more than 10% of European BESS market.

European BESS demand forecast: 36 GWh (2025) → 138 GWh (2030).
The market Eni is targeting is growing nearly 4x in 5 years.

Eni is is building an integrated industrial chain from raw material to end product inside Europe, with its own feedstock secured in South America.

The same company restructuring for "back to barrels" in oil and gas is simultaneously constructing a battery supply chain from scratch. 🌍

[Jack Prandelli @jackprandelli]

No single country controls global resources.

But 1 shows up 4 times at the top.

🥇World's largest reserves, by category:

🇨🇳 China: hydropower potential, solar capacity, wind capacity, rare earths

🇷🇺 Russia: natural gas, diamonds, forest area

🇺🇸 US: gold,coal

🇨🇱 Chile: copper, lithium

🇦🇺 Australia: uranium, iron ore

🇻🇪 Venezuela: oil reserves

🇨🇩 DR Congo: cobalt

🇮🇩 Indonesia: nickel

Resource power isn't concentrated in 1 country.

It's split into pairs, and China is in more pairs than anyone else....

[World of StatHistics @Stat_Cult]

🇮🇹 Top 15 Italian Billionaires 💰

🇮🇹 1. Giancarlo Devasini — ~$89.3B (Tether/Cryptocurrency)
🇮🇹 2. Giovanni Ferrero — ~$48.8B (Ferrero/Nutella, Food & Beverage)
🇮🇹 3. Andrea Pignataro — ~$42.6B (Financial Software)
🇮🇹 4. Paolo Ardoino — ~$38B (Tether/Cryptocurrency)
🇮🇹 5. Francesco Gaetano Caltagirone — ~$12B (Diversified/Construction)
🇮🇹 6. Massimiliana Landini Aleotti & family — ~$8.1B (Pharmaceuticals)
🇮🇹 7. Paolo Rocca & family — ~$8B (Steel/Energy)
🇮🇹 8. Gianfelice Rocca & family — ~$8B (Steel/Energy)
🇮🇹 9. Piero Ferrari & family — ~$7.7B (Automotive)
🇮🇹 10. Miuccia Prada & Patrizio Bertelli — ~$7B+ (Fashion)
🇮🇹 11. Giorgio Armani — ~$6-7B (Fashion)
🇮🇹 12. Leonardo Del Vecchio & family — ~$6-7B (Eyewear/Luxottica)
🇮🇹 13. Remo Ruffini — ~$3.6B+ (Fashion/Moncler)
🇮🇹 14. Silvio Berlusconi & family — ~$3-4B+ (Media/Investments)
🇮🇹 15. Benetton family — ~$3-4B+ (Fashion/Retail)

Source: Forbes Billionaires List 2026 / Real-Time (as of June 2026)

[TrendSpider @TrendSpider]

At ~$235 and ~28x earnings, Amazon $AMZN is trading at its lowest valuation ever.

Yes, ever.

[The Market Mind @Market_Mind_]

Everything Nvidia depends on

[Paul White Gold Eagle @PaulGoldEagle]

Toyota has invented a water-powered car engine! 😁😁😁
In a move designed to shatter the global automotive industry, Toyota has just unveiled a water-powered hydrogen engine produced by electrolysis - and it only emits steam! No lithium. No charging stations. Nothing but pure revolution. With this bold choice, Toyota isn't just competing with electric cars - it's declaring the end of the battery era.

[Mr. Jason💡 @jason_coder0]

R.I.P. GOOGLE FLIGHTS IN 2026.
R.I.P. BOOKING COM IN 2026.
R.I.P. SKYSCANNER IN 2026.

$1,190 flight. I paid $159.

Use these 10 prompts before booking your next trip: 👇🏼

(Save this 🔖 you’ll need it later)

[Bilaal- BD investing @bdinvestingg]

The White House is telling you exactly where to invest :

• AI: $GOOGL $NBIS $IREN $CRWV
• chips: $TSM $ASML $NVDA $AMD
• space: $RKLB $ASTS $LUNR $RDW
• energy: $GEV $CEG $ETN
• drones: $ONDS $RCAT
• nuclear: $CCJ $OKLO $VST
• defense: $KTOS $AVAV $AMTM
• robotics: $SYM $AMZN $ISRG $OUST
• batteries: $TE $EOSE $ELVA $FLNC
• quantum: $QBTS $IONQ $RGTI
• data centres: $VRT $ANET $CRDO
• critical minerals: $TMQ $UUUU $CCJ

DONT OVERTHINK IT.

[Shay Boloor @StockSavvyShay]

$AMZN just signed a new $6B agreement with $SNOW for its agentic computing chips.

Snowflake plans to spend $6B with Amazon over the next five years deepening AWS’s role as the infrastructure layer behind enterprise AI workloads.

[Barchart @Barchart]

United States will remain the largest economy in the world this year with a projected GDP larger than China, Germany, and India combined 🚨

[Polymarket Money @PolymarketMoney]

Possible 2026 IPOs:

• SpaceX → $1.75 trillion
• OpenAI → $852 billion
• Anthropic → $900 billion
• Databricks → $134 billion

Which company are you most excited about?

[Ray Myers @TheRayMyers]

7️⃣ Undervalued, High-Quality, Fallen Angels

1. Mercado Libre

Ticker: $MELI
Drawdown: 41%
Country: Argentina
Industry: E-Commerce, Fintech, Logistics
Market Cap: $78B
EBITDA Margin: 13.9%
ROIC: 7.6%
FWD P/E: 39
2028 Revenue CAGR: 25.7%
2028 EPS CAGR: 34.8%

[Jack Prandelli @jackprandelli]

🇮🇹🇦🇿 Azerbaijan supplies 16% of Italy's gas.

SOCAR just bought 4,500 Italian fuel stations.

This is what energy security looks like when Hormuz closes.

While the world watches the Strait Italy just rewired its energy architecture northward.

The Meloni-Aliyev meeting, what was agreed?

First Italian PM visit to Azerbaijan in 13 years.

Framed explicitly as a "reliable partnerships" discussion during Middle East instability.

→ Azerbaijan exported 25 bcm of gas in 2025 7.5 bcm to Italy
→ Italy: top EU buyer of Azerbaijani gas
→ TAP cumulative deliveries: 47.5 bcm since startup
→ TAP covers ~16% of Italy's total gas demand
→ Both leaders: agreed to push volumes higher via TAP expansion

Aliyev: TAP expansion "has already started but must continue"
Meloni: Azerbaijani gas has been "decisive for Italy's energy security" and Hormuz makes it more critical still.

The infrastructure behind the words

The Southern Gas Corridor: Caspian → Azerbaijan → Georgia → Turkey → Greece → Albania → Puglia.

TAP annual flows: 9.5 bcm and rising.

Recent compressor upgrades: +1.2 bcm/year added capacity.

Technical ceiling with full expansion: toward 20 bcm/year.

Every bcm that comes through TAP is one bcm that doesn't need to come through Hormuz.

The SOCAR downstream move
This is where it gets structural.

SOCAR Azerbaijan's state oil company just acquired 99.82% of Italiana Petroli (IP):
→ 10 mt/year refining capacity across 2 Italian refineries
→ 4,500 service stations across Italy
→ Aviation fuel, bitumen, logistics assets included
→ EC approved: February 2026

Gas flows in via TAP.

Oil and products flow out via IP's refineries and retail network.

SOCAR now has a vertically integrated position inside the EU's 3rd largest economy.

Bilateral trade: €10.2 billion in 2025 Italy is Azerbaijan's largest commercial partner.

Azerbaijan invested €2.5 billion in Italy.

That's an energy alliance formalised by war.

The EU wants Russian gas gone.

Gulf supply is physically disrupted.

The Caspian route via Azerbaijan is the one clean corridor left that avoids both.

The Italy-Azerbaijan-SOCAR triangle is the EU's northbound hedge:

Caspian gas in via TAP.
Azerbaijani oil out via Italian refineries and 4,500 fuel stations.

The map of European energy security is being redrawn not in Brussels, but in Baku.

[Simon Taylor @sytaylor]

🚨 BREAKING: Revolut just posted $2.3 billion in profit. $6 billion revenue. 38% margins. Fifth consecutive year of profitability.

76% of neobanks still lose money. Revolut has 11 product lines each clearing $100M+ in annual revenue.

- Subscriptions.
- Cards.
- FX.
- Wealth.
- Lending.
- Business payments.

They're a lot more than a card and an app, and very different to most US Neobanks

They're a diversified financial services company that runs on a phone.

---

The numbers underneath are worth digging into.

- Credit portfolio doubled (+120%).
- Customer balances hit $67.5bn (+66%).
- Subscriptions grew 67% — their fastest revenue line.

Revolut Business now does 16% of total income and grew 140%+ in Singapore, Australia, and the US.

63% of new customers still come through word of mouth. At 68 million customers. 1 in 5 working-age Europeans use it.

---

The huge news of course is they're a BANK now.

- The UK bank has been green lit.
- Mexico live.
- US national bank charter filed this month. 30+ banking licenses across 40 markets.

---

Three years ago the debate was "can neobanks survive?"

Revolut is becoming the most boring thing a fintech can become — boringly profitable, boringly diversified, boringly institutional.

That's the highest compliment you can pay a bank.

And yet, somehow with Revolut it's NEVER boring.

[BowTiedMara @BowTiedMara]

Because of the war, all the millionaires left Dubai, and it is now occupied by Indians.

Probably more downside left for real estate

[The Economist @TheEconomist]

Hostilities in the Middle East have served as an unwelcome reminder that the region is not just crucial to the global supply of oil and gas, but a vital conduit for the world’s airline passengers https://t.co/ScN0Xetcr1

[Evergreen Intel @vcdgf555]

A lot of people don't know or appreciate how much studying, researching, networking or adjusting it takes to make a graphic like this.

Thanks for making them, Ian.

[Rand Group @randgroup]

💥 BREAKING: The Dubai Real Estate Index crashed 32% since the Iran war started.

[Polymarket @Polymarket]

BREAKING: Dubai real estate crashes 20% since last month.