What we’re reading (4/17)
“The New U.S. Plan To Rival China And End Cornering Of Market In Rare Earth metals” (CNBC). “‘It’s absolutely correct there is a cornering of the market with lithium and other rare earths,’ Biden climate envoy John Kerry recently said at a CNBC Evolve summit on the future of energy innovation. But efforts in the recent past to rival China in the rare earths market and rebuild a domestic industry have been stymied.”
“Bond Giant Pimco Attempts To Change Its Culture” (Wall Street Journal). “In recent years, Pimco has overhauled how employees are evaluated, promoted and trained, hiring consultant McKinsey & Co. to conduct regular staff workplace surveys and appointing an employee ombudsman. It has sought to narrow the wide gaps in pay between its top executives and those a rung or two below.”
“Crypto Is Minting Lobbyists” (DealBook). “A week before Coinbase made its blockbuster debut on Wall Street on Wednesday, the cryptocurrency exchange was part of a much quieter, but symbolically important, launch — in Washington, D.C. Yep, here come the lobbyists.”
“The Death Of Cash” (Business Insider). “Annual global non-cash transactions are expected to pass the 1 trillion milestone by 2024. This major transformation is being propelled by several factors, including increased usage of digital wallets, more small vendors adapting to accept credit cards, and the explosive growth of mobile commerce.”
“Jaleel White [Steve Urkel] Is Launching His Own Cannabis Brand” (CNN Business). “White, known for playing Steve Urkel on the 1990s sitcom "Family Matters," is partnering with 710 Labs on his new line, itsPurpl. It's set to launch in California on April 20, or 4/20, and includes variants of the strain Purple Urkle.”
