At the risk of being too "political," we have to wonder, in light of President Trump's rejection of the Paris climate accord and his avowed intention to get the annual advance in GDP back to or even above 3%, if the best way of "fueling" growth wouldn't be to invest tax dollars not only in infrastructure but in a green economy (i.e., solar and wind power, a smarter electricity grid and high-speed rail, for instance.) Surely, the president's approach is open to question when he has managed to unite Paul Krugman, Bill McKibben, Tesla's (TSLA) - Get Tesla Inc Report Elon Musk, Disney's (DIS) - Get Walt Disney Company Report Bob Iger, General Electric's (GE) - Get General Electric Company (GE) Report Jeff Immelt, Rex Tillerson, Jared Kushner and Ivanka Trump, to name just a few strange global warming bedfellows, on the opposite side of the issue.
Or are we missing something about the economic virtues of climate change denial? Apart, of course, from the resurrection of all those jobs mining coal, "clean" or not, by somehow returning to the days before Appalachian mountaintop removal killed them off. Oh, wait. Drill, baby, drill.
Here's what else is hot, via The Deal....
Inside Track: Chris Nolter's contrarian take on speculation about a deal between Verizon (VZ) - Get Verizon Communications Inc. Report and Charter (CHTR) - Get Charter Communications, Inc. Class A Report and his look at Globalstar (GSAT) - Get Globalstar, Inc. Report , the next holder of wireless spectrum to draw bidders, and how the latter may include such surprisingly heavy hitters as Alphabet (GOOGL) - Get Alphabet Inc. Class A Report and Facebook (FB) - Get Facebook, Inc. Class A Report are great reads.
Ron Orol's piece on Energen (EGN) , which we'd previously identified as a potential activist target is a must read, as are Bill McConnell's prescient analysis of the internecine war between pharmacy benefit managers and health insurers and Tom Terrarosa's latest oil patch scoop on Riverstone's hiring of Tudor to market Oklahoma assets.
Career News: In careers, Citigroup (C) - Get Citigroup Inc. Report has recruited quantitative execution expert Tom Chippas from a blockchain startup as it gears up for MIFID II. And Melody Hildebrandt, Maria Moraleda Martinez, Michael Korzinstone, Jill Granoff and Kelly Mahadev have joined Twenty-First Century Fox (FOX) - Get Fox Corporation Class B Report , Vodafone (VOD) - Get Vodafone Group Plc Sponsored ADR Report , Cinven, Eurazeo and Adams Street Partners.
Interested in corporate governance issues?On June 5 in New York, corporate board directors, top executives and institutional investors will come together at The Deal'sCorporate Governance conferenceto exchange insights and discuss the most critical challenges in managing companies to maximize shareholder value.To learn more, click here.