Episode

Flavor Smoke, AI & The Pope, and Elon Again... | Weekly Recap

Podcast: The Wealth Effect
Published: May 30, 2026
Duration seconds: 1697
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Summary

This week on The Wealth Effect, we break down a series of historic capital and regulatory earthquakes, from the FDA's sudden policy reversal on flavored e-cigarettes to Elon Musk’s high-stakes legal defeat against OpenAI and his subsequent $2 trillion SpaceX IPO prospectus filing. We also analyze the shifting AI power dynamics as Anthropic secures a commanding $965 billion valuation, while Robinhood unleashes autonomous algorithmic trading for retail investors and the Vatican issues a sweeping civilizational manifesto on artificial intelligence.