DoorDash Wins Federal Approval To Fly Its Own Delivery Drones

"Don't Be Evil"? Ex-Google CEO Schmidt's Attack Drones Get Warheads From US Army Bomb Plant The U.S. Army's McAlester Army Ammunition Plant is a massive munitions plant located in southeastern Oklahoma and will soon be producing warheads for former Google CEO Eric Schmidt's suicide drone arsenal. Defense Blog reports that McAlester plant officials held a "ribbon-cutting ceremony to open the partnership" with Schmidt's drone company, Perennial Autonomy. The Oklahoma plant will build, load, and deliver warheads for Perennial drones. Officials didn’t disclose the deal's production volumes, delivery schedule, value, or which drones...

Companies Report Raging Inflation, Except In Wages & Rents Authored by Wolf Richter via Wolf Street, Manufacturers reported that the costs of health insurance for employees shot up by 14.2% on average; service firms reported an average increase of 12.9%, according to a report by the New York Fed based on a survey of companies in the New York-Northern New Jersey region. These are averages, but “some firms reported increases of between 25% and 50% when they renewed their coverage,” the report said. Manufacturers and service firms both reported that the costs...

Opportunity Lost? Gained? Squandered? Submitted by Peter Tchir of Academy Securities Another week with so many competing narratives driving markets. The information flow was coming so fast and furious that it is difficult to believe that Economic D-Day kicked off the week (it already seems longer than that). Today, we will take a quick romp through how things seem to be playing out. Opportunities Lost? As anyone reading recent T-Reports knows, I was hopeful Warsh would take the stage on Friday and try to “shake things up.” Try to drive home some new (and...