✨ 3-4 May 2022 | Value Investing Substack NEWS
Berkshire Hathaway 2022 AGM, The Economics of Google AdWords, Buffett's Banks, What I See From My Shanghai Apt, Evergrande Primer, Saudi 1Q GDP growth +10%, US Supreme Court leaks Roe v Wade overturn
HIGHLIGHTS
SUBSTACKS + LONG-READS + TWITTER
LINKS
Stock Markets:
Funding obscured: The family office behind Musk's $44 bln Twitter buyout | FT
Amazon to reimburse employees $4,000 if they have to travel for an abortion
Alibaba stock roiled by report of China curbs on person named Ma
AI Robot Lawyers Are Saving Morgan Stanley Millions In Soliciting Fees
California just shy of 100% powered by renewables for first time
Macro
ASEAN:
USA:
Raoul Pal's chart implies the biggest tightening of financial conditions ever
Paul Tudor Jones says he can’t think of a worse financial environment for stocks or bonds right now
Biggest Treasury buyer outside US quietly offloading billions
Rest of World:
Oil propels Saudi GDP growth to near 10 percent in first quarter
Russia Likens Zelensky to Hitler as Mariupol Says Russia Worse Than Nazis
News & Other:
California announces constitutional amendment protecting right to choose
Supreme Court has voted to overturn abortion rights, draft opinion shows
The draft opinion is a full-throated, unflinching repudiation of the 1973 decision which guaranteed federal constitutional protections of abortion rights and a subsequent 1992 decision – Planned Parenthood v. Casey – that largely maintained the right.
The immediate impact of the ruling as drafted in February would be to end a half-century guarantee of federal constitutional protection of abortion rights and allow each state to decide whether to restrict or ban abortion. It’s unclear if there have been subsequent changes to the draft.
No draft decision in the modern history of the court has been disclosed publicly while a case was still pending. The unprecedented revelation is bound to intensify the debate over what was already the most controversial case on the docket this term.