Summer is almost over, and I am sure all readers enjoyed their time with family and friends at some nice locations.
Here is a mash-up of articles from the last two weeks for those who seek a quick catch-up on the newsflow before heading back to the offices:
Where is all the money going that you leave at the gas station?
Aramco said strong market conditions helped to push its second quarter net income to $48.4 billion, up from $25.5 billion a year earlier. The result easily beat analysts estimates of $46.2 billion.
Where the money flows, from the gas stations to the balance sheets.
48 billion profits in one quarter — not even amazon, apple, meta, and tesla combined can achieve this landmark.
Due to the high energy prices, oil companies profits are surging.
CEO, Amin Nasser remains optimistic about the future:
“In fact, we expect oil demand to continue to grow for the rest of the decade, despite downward economic pressures on short-term global forecasts.”
Also, Warren Buffett has increased his stakes in Oil Companies like Chevron and Occidental.
Aramco vs. big tech: Putting the Saudi oil giant into perspective
… and what about food prices?
Six months after Russian tanks rolled into Ukraine, an inflationary shock is still ripping through boardrooms, finance ministries and households, with European natural-gas prices surging again on August 22nd owing to fears of further disruptions to supply from Russia. But in one crucial area, prices have come back to Earth. The cost of grains, cereals and oils, staples of diets around the world, have returned to levels last seen before the war began.
Inflation, fueled by the aftermath of the pandemic and the war in Ukraine, has affected food prices.
The prices are up in the shops.
Interestingly the commodity prices have recovered since the war in Ukraine started and are back to the levels of January 2022.
More in this article:
Against expectations, global food prices have tumbled
Effects of Climate Change on Infectious Diseases
“The immediate impact on human health from heat abates as weather systems pass, but these events as well as higher ambient temperatures have far-reaching consequences. Higher temperatures, in the short and long term, are raising concerns for water and food security, with food security currently of high concern as it is further exacerbated by the ongoing conflict in Ukraine,” Nature writes.
Taking care of your environment is nothing new.
It was back in the 70s when my grandparents took me on a hike early morning to collect mushrooms. We called it “Schwammerl suchen” in my mother tongue — the Austrian slang version of german.
These were the magic moments of my childhood days. My grandmother woke me up before sunrise and asked: “Christian, do you want to come with me?”
Of course, I did want to. We left the house and went into the woods. She knew the way to the best spots. Whenever we saw chanterelles, our favorites, we picked some.
The first time, I wanted to rip them out of the soil, and my grandmother stopped me in the process. “No, it is not the way we do it,” she said. “You need to cut them with a knife right above the soil”, she explained. “So they can regrow after the next rain. Mother Nature delivers an endless supply of food.”
Lessons like this were taught to us kids by our grandparents.
What is new, though, is that human society strives globally to take care of our planet so that future generations have a habitable place to live.
The nature climate change study reveals what effect climate change has on infectious diseases:
Climate change exacerbates the situation with infectious diseases
How You Can Destroy 1 trillion dollar
How much is one trillion? A human being is in the picture above, in the left corner. Next to the person is 1 trillion dollars.
Do you want to know how you can let 1 trillion dollars vanish?
Ask the guys from Three Arrows Capital:
The Crypto Geniuses Who Vaporized a Trillion Dollars
From the Podcast:
In August, I had amazing recordings.
Here are some links from the Podcast with Tobias Silberzahn:
How keeping health a priority is a prescription for European prosperity
Moving digital health forward: Lessons on business building
Using digital tech to support employees’ mental health and resilience
Big, bigger, biggest data: CTO Peter Løngreen on Denmark’s national genome project
The rise of health technology | Life Sciences
Healthcare Innovation Leaders | LinkedIn
Upcoming Conversations:
August 30, 03:30 pm CET - Jia En Chin 金加恩, Shirley Lu 陆琦雯, Thijs Spoor - BFC Group - New Opportunities for Biotech in China
September 5, 04:00 pm CET - Kavita Ganesan - The Business Case For AI
September 8, 04:00 pm CET - E Jane Caraway - Life Sciences in Georgia, USA
Do you want to use the podcast for your communication and marketing strategy?
Let's schedule a Zoom Call:
2 Podcasts from this week:
#83: Donna LaVoie - How to Tell Your Story in 15 Slides
Every entrepreneur needs to master the art of pitching to become successful. In this episode, Donna LaVoie, CEO of LaVoie Health Science, explains which 15 slides are most effective.
What Alcohol Does to Your Body, Brain & Health | Huberman Lab Podcast #86
Entrepreneurship and Investing need peak performance and being an expert in building relationships and socializing. Often alcohol is used as the social fabric.
What about the long-term effects? Andrew Huberman, Stanford University, talks about the long and short-term effects of alcohol consumption.
1 Youtube Takeaway from this week
Olympic runner, writer & filmmaker Alexi Pappas Joins Rich to discuss her athletic & creative career paths, mental health, and her new book, ‘Bravey’. To read more about Alexi, click here 👉🏾 https://bit.ly/richroll579
Books I am reading this week
An adaptation of Dale Carnegie’s timeless prescriptions for the digital age.
Dale Carnegie’s time-tested advice has carried millions upon millions of readers for more than seventy-five years up the ladder of success in their business and personal lives. Now the first and best book of its kind has been rebooted to tame the complexities of modern times and will teach you how to communicate with diplomacy and tact, capitalize on a solid network, make people like you, project your message widely and clearly, be a more effective leader, increase your ability to get things done, and optimize the power of digital tools.
Dale Carnegie’s commonsense approach to communicating has endured for a century, touching millions and millions of readers. The only diploma that hangs in Warren Buffett’s office is his certificate from Dale Carnegie Training. Lee Iacocca credits Carnegie for giving him the courage to speak in public. Dilbert creator Scott Adams called Carnegie’s teachings “life-changing.” To demonstrate the lasting relevancy of his tools, Dale Carnegie & Associates, Inc., has reimagined his prescriptions and his advice for our difficult digital age. We may communicate today with different tools and with greater speed, but Carnegie’s advice on how to communicate, lead, and work efficiently remains priceless across the ages.
How to Win Friends and Influence People in the Digital Age Paperback – December 25, 2012
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