The Cashflow Memo
Support the Future of Sailing - Dawn Riley 60 for 60 Birthday Fundraiser
If you are in to sailing, you probably already know about Oakcliff Sailing. If you don’t, check it out at Oakcliffsailing.org. Dawn Riley, Oakcliff’s dedicated leader turns 60 later this year. In honor of her upcoming birthday, Oakcliff is sponsoring a fundraiser to further the organization’s mission to Build American Leaders Through Sailing. Donate here: Oakcliff 60 for 60
Shownotes
00:00:00 - Introduction
00:00:48 - Energy Market Update
Review of OPEC and IEA supply/demand numbers for 2024
Discussion of Saudi Arabia and UAE's production capacity and discipline
Natural gas prices and production updates
LNG export facilities and delays (Freeport, Golden Pass)
06:02 - Healthcare Sector Discussion
FTC's 70-page report criticizing pharmacy benefit managers (PBMs)
Top 3 PBMs control 80% of prescription flow in US
Potential regulatory risks for UnitedHealth, CVS, and Cigna
Vertex and Lantheus Updates
Lantheus: Positive CMS guidance on reimbursement for radio diagnostic tests
Vertex: Brief mention of preclinical data on potential sickle cell treatment
New Healthcare Company Spotlight: Harrow
Specializes in ophthalmic care and anesthetics
CEO background and capital allocation strategy
Innovative approach to R&D through spinoffs (Eaton, Melt, Surface Ophthalmics)
22:03 - AI and Tech Discussion
OpenAI, Microsoft, and Apple
Apple dropping observer status on OpenAI board
Speculation on potential IPO for OpenAI
Microsoft's investment and revenue rights in OpenAI
XAI and Competition in AI
Discussion of Elon Musk's XAI catching up to OpenAI and Google
Importance of data access and compute power in AI development
Potential for new AI techniques beyond large language models
29:13 - Electric Vehicle Industry Updates
Tesla's new Full Self-Driving software integrating highway and street models
BYD setting up factory in Turkey to avoid tariffs
Chinese EV manufacturers' expansion into Europe and potential US entry
31:21 - Closing Remarks
UNH 0.00%↑ LLY 0.00%↑ CVS 0.00%↑ CI 0.00%↑ VRTX 0.00%↑ LNTH 0.00%↑ BIIB 0.00%↑ HROW 0.00%↑ MSFT 0.00%↑ AAPL 0.00%↑ GOOGL 0.00%↑ TSLA 0.00%↑ BYD 0.00%↑ NVDA 0.00%↑
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Investing Insights: From Eye Care to Artificial Intelligence (e2428)