What I read this week...

Third Point accumulates position in The Walt Disney Company (Business Wire)

Disney may give Dan Loeb sequel fatigue (WSJ)

How Instagram’s TikTok envy finally backfired (The Information)

The crypto geniuses who vaporized a trillion dollars (NY Mag)

India’s Razorpay buys Ezetap to tap into offline payments (Reuters)

Saudi Aramco profit surges 90% in second quarter amid energy price boom (CNBC)

The coming California megastorm (NYT)

New water cuts coming for Southwest as Colorado River falls into Tier 2 shortage (CNN)

Contemplating a world of linear growth (Noahpinion)

PBOC surprise suggests China’s outlook is truly dire (Bloomberg)

Record numbers of migrants arrested at southern border, with 2 million annual total in sight (WSJ)

Why are border smugglers trafficking bologna? (Texas Monthly)

What should a nine-thousand-pound electric vehicle sound like? (The New Yorker)