Three Questions

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  The Neutrality Trap (w/ Isaac Stone Fish)

  Three Questions The era of corporate activism is fading. On most issues, this shift toward political neutrality is welcome, but not when the issue is China. Virtually every major global firm now carries dependencies on both Washington and Beijing, and in a genuine crisis, both governments will move to leverage those dependencies to their own

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  The Cost of Second Place in the AI Race (w/ Jamil Jaffer)

  Three Questions For years, American labs held an uncontested lead in artificial intelligence. That is no longer obviously true: Chinese open-weight models have closed much of the gap, and by some measures have pulled ahead. The stakes are not merely commercial. Whoever leads sets the terms for what the world runs on, who gets access

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  Russia’s Pain at the Pump (w/ Sergey Vakulenko)

  Three Questions Since April, Ukraine has dramatically escalated its drone campaign against Russia’s oil refineries, knocking out a substantial share of the country’s refining capacity and triggering gasoline shortages from Crimea to central Russia. What was once a nuisance for Moscow has become something closer to a full-blown fuel crisis. Yet the strikes’ effects are

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  Turning Up the Dial on America’s Nuclear Restart (w/ Ho K. Nieh)

  Three Questions After decades defined by survival and preservation, the U.S. nuclear industry has entered a new era of growth. Bolstered by a 2025 presidential executive order and bipartisan acts of Congress, the U.S. Nuclear Regulatory Commission is undergoing its most comprehensive transformation in fifty years. The stakes are considerable: surging electricity demand from AI

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  Soft Power, Hard Returns: American Investment in Egypt (w/ James Harmon & Cornelius Queen)

  Three Questions In 2011, Congress placed $300 million in the hands of private investors with an unusual mandate: grow Egypt’s economy on behalf of the American people. Fifteen years later, the Egyptian-American Enterprise Fund has invested in more than 150 companies, helped create over 75,000 jobs, and grown to an estimated value of more than

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