Rivian Continues To Hemorrhage Money Despite $1.5 Billion in State Incentives

If you're having trouble viewing this email, you can view it in a browser here. The latest news and analysis from Reason.com Monday, May 1, 2023   Rivian Continues To Hemorrhage Money Despite $1.5 Billion in State Incentives According to a new Bloomberg report, Rivian has lost 93 percent of its market value since November 2021. The state of Georgia is still on the hook for as much as $1.5 billion in state incentives. By Joe Lancaster Oren Cass Notices One of Industrial Policy's Fatal Flaws If industrial policy only works when politics are removed from the process, then industrial policy will never work. By Eric Boehm Regulators Seize First Republic Bank and Sell It to JPMorgan Chase First Republic's failure marks the latest stage of the panic that led to Silicon Valley Bank and Signature Bank's collapse. By Elizabeth Nolan Brown Pro-Lifers Pushed Too Far and Doomed 2 Abortion Bans Americans’ opinions are more nuanced than headlines suggest, leaving little room for total bans. By J.D. Tuccille Minnesota Is Poised To Join 22 Other States in Legalizing Recreational Marijuana The debate over the details shows that, despite all the talk of treating cannabis like alcohol, legislators are not prepared to fully embrace that model. By Jacob Sullum As Oklahoma's Attorney General Calls for Clemency, the State Keeps Planning to Execute Richard Glossip Two damning investigations and a request from the state attorney general haven't been enough to stop Oklahoma's plan to execute Richard Glossip. By Emma Camp Biden Has Added 220 Million Hours of Regulatory Paperwork Since His Inauguration It equates to "roughly 25,000 years" of filling out forms and other compliance tasks, reports American Action Forum's Dan Goldbeck. By Mike Riggs A Home-Based Baker Shouldn't Have To Choose Between Her Dog and Her Business Each state has different cottage food laws that don’t actually protect public health and safety. By Daryl James and Erica Smith Ewing Debate: The E.U. Was a Mistake Are the plausible alternatives to continental governance any better? By Daniel Hannan and Dalibor Rohac Victims of Communism Day—2023 May Day should be a day to honor victims of an ideology that took tens of millions of lives. By Ilya Somin Image credit: Richard B. Levine/Newscom Donate Reason Foundation 5737 Mesmer Avenue Los Angeles, CA 90230, USA Privacy Policy   Manage Your Preferences Unsubscribe