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In 1994, Amazon founder Jeff Bezos was working in a lucrative career on Wall Street. But since he was young, he dreamed of being an entrepreneur. After graduating from Princeton University, Bezos worked for a technology startup. When the company failed, he went to work in the banking industry. With the advent of the internet, Bezos saw his entrepreneurial opportunity: Books! The rest is history. In reflecting back on that moment in time, Bezos said in the biography The Everything Store, “I knew when I was 80 that I would never, for example, think about why I walked away from my 1994 Wall Street bonus right in the middle of the year at the worst possible time. I knew that I might sincerely regret not having participated in this thing called the internet that I thought was going to be a revolutionizing event.” 

One of the most common reasons that most people dream about starting a company is because they are unsatisfied with their current work situation. For Bezos, a cushy corporate job on Wall Street offered many benefits; however, deep down, it wasn’t who

The Trump administration is organizing a Manhattan Project-style effort to drastically cut the time needed to develop a coronavirus vaccine, with a goal of making enough doses for most Americans by year’s end.

Called “Operation Warp Speed,” the program will pull together private pharmaceutical companies, government agencies and the military to try to cut the development time for a vaccine by as much as eight months, according to two people familiar with the matter.

As part of the arrangement, taxpayers will shoulder much of the financial risk that vaccine candidates may fail, instead of drug companies.

The project’s goal is to have 300 million doses of vaccine available by January, according to one administration official. There is no precedent for such rapid development of a vaccine.

President Donald Trump’s top medical advisers, led by the infectious disease expert Anthony Fauci, have repeatedly said that a coronavirus vaccine won’t be ready for 12 to 18 months at best. Until then, White House guidelines envision some economically damaging social-distancing practices maintained even as the U.S. begins to resume a more normal social and business life.

Last month, Trump directed Health and Human Services Secretary Alex Azar to speed development of a vaccine, …

Families aren’t driving, planes aren’t flying, and plastics plants are shuttered. The coronavirus-driven collapse in the world’s consumption of oil has sent the price of West Texas Intermediate Crude (WTI) from $63 at the start of 2020 to $14 on April 29, hitting lows not seen since 1998. The devastating hit to the U.S. shale industry and its aftershocks will decisively reshape the market and guide the course of future prices. Indeed for the past several years, it was the rise of America’s frackers that broke OPEC’s chokehold, catapulted the U.S. above the Russians and the Saudis to become the top producer in the world, and held prices at around halftheir level of the previous decade. 

The destruction in demand has caused the swiftest, sharpest collapse in U.S. oil output in history. It is also likely to accelerate a structural decline that was already in the cards, but might have taken 10 years or more to play out. By 2025, predicts one veteran analyst, the industry will be 10% smaller and show minimal growth. In that tumultuous five-year window, a wave of bankruptcies and distress sales will push the number of players from around 60 publicly-traded producers to between …