Meta is using artificial intelligence to make its apps not just addictive, but better at predicting what people want to buy—pushing it from “showing ads” toward taking a cut of shopping itself. That upside comes with big bets on new infrastructure, tougher regulation risks, and the question of whether all that spending really pays off.Read more

A major global energy shock is pushing more countries to rely on American oil and gas, and the pipelines and export terminals that move it could be the quiet winners. This view focuses on a fund of “toll booth” businesses that get paid when energy flows, while flagging what could derail the upside.Read more