What were Elon Musk’s lenders thinking?

When Elon Musk sought funding for his bid to take over Twitter earlier this year, he had little trouble finding institutions willing to give him the money he needed. Morgan Stanley took the lead and organized a syndicate of banks, including Bank of America and Barclays, which pledged to lend Musk $13 billion. The whole … Read more

The Senate has just silently passed a major climate treaty

What if the Senate passed an international climate treaty, a pact so powerful that it could avoid nearly 1 degree Fahrenheit of global warming, and nobody noticed? This is more or less what happened a week ago. On Wednesday, the Senate ratified the Kigali Amendment, a treaty that will phase out the worldwide use of … Read more