Following @FTC's investigation, CooperCompanies has abandoned its proposed acquisition of Cook Medical's reproductive health business. This will protect patients from higher costs and fewer choices, while preserving incentives to innovate.
https://t.co/P8L7WtNMvP
About 0.4pp of Q2’s 2.4% real GDP growth came from construction of manufacturing structures such as factories. The last time factory construction contributed so much to quarterly growth was 1981 Q1.
The water temperature on the tip of Florida hit hot tub levels, exceeding 100 degrees (37.8 degrees Celsius) two days in a row, which meteorologists say could potentially be the hottest seawater ever measured. https://t.co/w5khRhpHCs
Jesus Christ.
Southern Europe grain yeilds likely to be 60% lower than last year and 9.5% lower than the 5-year average due to #Heatwaves
The global food system will shatter how all systems do: gradually, and then all at once #ClimateEmergency https://t.co/liDptkKs9w
“None of the observed changes so far (with a 1.2C temperature rise) are surprising. But they are more severe than we predicted 20 years ago, and more severe than the predictions of five years ago. We probably underestimated the consequences.” https://t.co/JCTMq3sEBu
1. America’s longstanding commitment to free and fair competition has come roaring back to the forefront of policymaking across government. In remarks @EconClubNY yesterday I discussed this key shift and laid out how @FTC is advancing this important work.
https://t.co/u9rVhPNIk1
“Between 1970 and 1990, an average of 16 people per year died in Arizona from ‘exposure to excessive natural heat.’ Between 1990 and 2015, the average rose to 38. In 2020 it was 210, and 2022 came in at 257.”
https://t.co/gZJMKaJPIk
One take-away from this is that billionaires are the true doomerists. They know where we're heading unless there's radical change, they oppose that radical change and prefer to have Strangelovian fantasies of being elite survivors in a bunker.
"2 degrees warmer on average" also does a bad job of describing the temperatures we actually experience.
What matters is that when you push up an average, you push out the extremes. Phoenix experiences 4x as many days of searing heat as in the 1950s, Paris 8x as many, London 10x