- Covid-19: I'm getting the feeling that things are moving a bit quickly and some folks are trying to slow things down. It behooves the Biden/Harris team to make sure this "pandemic" lasts well past January 20, 2021. A lot of government money is going to be distributed for diagnostic tests, therapeutics, and vaccines over the next twenty-four months.
- McKesson: tapped to distribute corona virus vaccine in the US. Shares rose 3% after announcement made, Friday. By Monday shares should be a lot more expensive.
- Novavax: an American company to deliver 60 million vaccine doses to the UK. I do believe the Federal government has final say, yes or no, but I could be wrong.
- San Francisco: remote work is reshaping the city as tech workers flee and rents fall.
- NYC: ditto.
- Retail spending: in July, retail spending topped pre-pandemic levels.
Color me impressed, link here:
Warren Buffett is more surprising than some of us thought. It is being reported that Berkshire Hathaway:
- "slashed" positions in Wells Fargo and JPMorgan; dumps Goldman stake;
- buys gold (gold miner Barrick).
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
Farming
If this is accurate .....see item in bold red, link here:
...fresh off its June initial public offering, Albertsons Companies Inc announced an agreement to offer fresh produce made by Plenty Unlimited, a vertical farming company. Plenty operates a sustainable indoor vertical farm that can grow produce all year long. The company heavily relies on technology to grow produce, including data analytics, machine learning and customized lighting.
In its present form, the Plenty farm can grow 1 million plants at a time and process 200 plants per minute. The farm is also designed to use less than 1% of land and 5% of water versus traditional farming. I will be watching for independent verification on this one. Link here.
Fool Me Once, Shame On You; Fool Me Twice, Shame On Me
Trump Administration Didn't Get Fooled The Second Time
Venezuela had few options for obtaining gasoline on Friday after the United States seized four Iranian fuel shipments en route to the fuel-starved South American country, where protests intensified over widespread gasoline shortages.
The U.S. Department of Justice said it had confiscated approximately 1.1 million barrels of fuel aboard four vessels, which were destined for Iran's ally, Venezuela.
Tehran had successfully sent five fuel tankers to Venezuela earlier this year.
The U.S. maintains sanctions on the oil industries of both countries. Oil refineries in once-prosperous OPEC member Venezuela have capacity to process some 1.3 million barrels per day (bpd) of crude, but they are producing little fuel due to years of under-investment and mismanagement at state-owned oil company Petroleos de Venezuela.
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