Episode 352: Neal and Toby recap the credit card swipe battle between credit card networks, merchants, and customers. The $30B meant to take a step forward in resolving high swipe fees was blocked by a judge. Then, Volkswagen invests $5 billion into Rivian, giving it new life that may pave the way for the top of the EV market. Next, the tragic lithium battery fire in South Korea highlights another problem with the batteries that are found in almost all of our daily devices. Also, Denmark will charge farmers for every cow, making it the first carbon tax in the world. Meanwhile, money-market funds reach all-time highs…and that might not be a good thing. Lastly, it’s been 50 years since the very first product was scanned by barcode. How did a simple design transform the economy?
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00:00 - Toys R Us AI commercial
2:50 - Swipe fee battle continues
7:10 - Rivian gets new life
11:45 - Lithium battery hazards
15:15 - World’s first carbon tax
19:00 - Avoid the cash trap
22:15 - 50th anni of the first barcode scan
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