Friday morning news drop
Saudi Arabia’s EV Battery Bets Are a Warning Apart from China, no country has managed to achieve manufacturing scale. That may be about to change. (Bloomberg)
Big Oil’s Message to Investors: You’re Too Pessimistic: Despite the recent rally, crude prices are down for August, and data suggests investors have reduced their involvement in commodity markets. (Wall Street Journal)
The 30-Year-Old Spending $1 Billion to Save Crypto: Sam Bankman-Fried, owner of an expanding crypto empire, is trying to bail out the industry after a sharp downturn. (Wall Street Journal)
1 million square feet of L.A. roads are being covered with solar-reflective paint: The initiative covers roads, playgrounds, and parking lots, and it has already cooled the surface by 10 to 12 degrees. (Fast Company)
What Happened When Minneapolis Ended Single-Family Zoning: The city’s path-breaking shift has brought a lot of national attention and, so far, fewer than 100 new housing units. Still, it’s a step. (Bloomberg)