In Delta's earnings call today, the company revealed that in the face of a 50% increase in fuel costs, their profit margins nearly tripled in Q2, from 3.2% to 9.4%.
Ed Bastian, CEO, said the quiet part out loud: The company no longer thinks it needs to compete on price.
The wealthiest 1% own +50% of all stock market investments. 40% own no stock at all.
@AlexSJacquez in @Reuters: Trump's use of the stock market as his scoreboard "only seems to assert itself when corporate or financial interests are at stake."
Working families aren't even in
“The pricing environment.” Aka Use the war as cover to keep prices high. Consumers expect high summer prices. Why underdeliver!
From the company who brought you this exactly one year ago.
textbook definition
i’m sorry what
Remember when egg prices were breaking news? Turns out the largest egg producers were planning a price-fixing scheme.
And the family behind the top producer raked in $320M from selling their company just weeks later.
Their trick worked, and they cashed in big time.
As @grayson_flood concludes in this great thread:
This study shares the diagnosis that we cover in our new report: the grid should be a backbone, but it's currently a bottleneck.
Our answer? Since neither monopolies nor markets are incentivized to build that backbone, the
Today DOE dropped their draft 2026 Transmission Needs Study. This study comes every three years and paves the way for new transmission planning.
The Trump administration, which has every incentive to say otherwise, is showing us how the grid is failing American households. 🧵
For FIFA fans in @NYCMayor's New York, this could be their lucky summer.
His World Cup lottery replaces the ticket monopoly's pay-more-to-win model with something much fairer.
"It's a breath of fresh air for New Yorkers who know they're being ripped off," @owenslindsay1 told
The pharmacy benefit manager cartel drives up drug prices while patients pay the cost. @Groundwork and @VanderbiltLaw’s Policy Accelerator have a fix: a public option for pharmacy benefits with transparent pricing:
💊🇺🇸 @Groundwork and @VanderbiltLaw’s Policy Accelerator are proposing “AmericaRx” — a network of publicly owned pharmaceutical manufacturing facilities to break monopoly pricing and deliver affordable, life-saving medicine to patients, not shareholders.
Our comms team is also looking for a senior press staffer and our partnerships team is looking for its new leader. If you've led a successful operation that's broken through in today's competitive media and political environments, we'd love to have you join our shop.
@AlexSJacquez and I are looking for an analyst to join our team. Ideally you'd have 1-2 years of policy experience, are a fast learner, and have an entrepreneurial attitude. Quant and/or posting skills are a bonus. Our junior staff do lots of fun stuff, like write puns about hot
The job market – especially in DC – is bleak, so for some positive news: @Groundwork is hiring!
Why are your prescription drug costs so high?
Alejandro Molina at @Groundwork breaks down how Pharmaceutical Benefit Managers (PBMs) manipulate your prices at the pharmacy: https://www.youtube.com/watch?v=yILLnmTSiQo
More on how Americans aren't just paying more—they're being priced out of the American Dream.
“Summer wasn’t just a season, it was a promise, that after working hard all year, ordinary Americans could afford a little freedom and a little fun.”
Thank you @Groundwork for working to change economic policy and narratives and deliver true opportunity and prosperity for all.
