Ethan Mollick
American spending on defense R&D plays a huge role in the US innovation economy:
🧪6.2% of all US patents cite Defense-funded research (& it is growing) https://t.co/1o1N4qYi7M
🧪A 10% increase in defense R&D leads to a 4.3% increase in private spending https://t.co/VaZeeQHLR0 https://t.co/r8bnDlqRaB
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Morning Brew ☕️
Another sports/crypto marriage heads south...

(@Sportico) https://t.co/kpHdAPpBVB
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Paul Graham
"I told you to stop doing that three weeks ago and you're still doing it. I want to fire you. But I can't."

— A CEO who did office hours with a bunch of YC startups describing what it felt like to talk to the less effective ones
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Special Situations 🌐 Research Newsletter (Jay)
$PINS up 23% after-hours:
Revenue #s in line...
Elliott Investment Management said it has become the largest investor in Pinterest.
“Pinterest occupies a unique position in the advertising and shopping ecosystems, and CEO Bill Ready is the right leader"

https://t.co/MrCDM7TRQp
My event analyst is starting to work on Pinterest $PINS. At this point, still digging through filings, but work will be avail soon for subscribers, along w/ situational analysis & educational model + scenarios after Elliott involvement! $TWTR $SNAP $META

https://t.co/r7f3Plg0Hl https://t.co/8JZUbCjJmw - Special Situations 🌐 Research Newsletter (Jay)
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Morning Brew ☕️
Can these $25 boots be flipped for a profit? 🧐

Full video here https://t.co/9wBfVcaD5i https://t.co/gu9Utz9oF5
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Special Situations 🌐 Research Newsletter (Jay)
$TLT and muni closed end funds! https://t.co/iYCBviToFm
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Special Situations 🌐 Research Newsletter (Jay)
$NUO Ohio muni closed end fund: https://t.co/8NhRyTBm5K
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Special Situations 🌐 Research Newsletter (Jay)
Our closed-end fund (CEF) research has been absolutely on point with our 3 muni CEF picks at discounts to NAV and our 3 MLP CEF picks since June:
https://t.co/8gy2ISV7iJ
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Morning Brew ☕️
Random thought.

Has anyone ever been asked to provide proof of a college degree when securing a job?
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Special Situations 🌐 Research Newsletter (Jay)
$CAR Avis Budget jumps 6% to $192.50 after Q2 results beat estimates
- Q2 adj EPS $15.94 v est $11.48
- Q2 revenue $3.24B v est $3.17B
- "Through enhanced revenue generation, diligent fleet management & stringent cost control, generated another record quarter w $1.2bn Q EBITDA!
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Special Situations 🌐 Research Newsletter (Jay)
When analysts talk about fundamentals when there is a firm bid for company with a signed merger agreement... https://t.co/rYj1S2820K
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Special Situations 🌐 Research Newsletter (Jay)
The Organization of the Petroleum Exporting Countries (OPEC)and allies including Russia, together known as OPEC+, meet on Wednesday to decide on September output. $USO $UCO $OXY

Caixin/Markit PMI eased to 50.4 in July from 51.7 the previous month, well below analyst exp (Sunday)
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Special Situations 🌐 Research Newsletter (Jay)
When you don't understand something, do the work. And if you still don't understand, step aside and wait for the next opportunity, or an easier to understand catalyst.
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