Lessons from Bezos’ annual letters. SpaceX preparing to launch for ISS. How Sarajevo impacted war reports. Tesla mulling cars tailored to China. Should you cash-out equity on car? J&J resumes Europe vaccine rollout. Netflix unpacks slowing sub growth. Market Moving Headline: An abundance of harvest-ready trees has kept stumpage fees extremely low across the U.S. South, home to half of the country’s production. Meanwhile, lumber futures are up 85% in 2021 because of soaring demand. Sawmills profit from the premium lumber commands over the stumpage fee -- think of it like the lumber crack spread. “As soon as the supply disruptions sort themselves out and everything gets back to normal, we expect a major correction in prices,” said Joshua Zaret, a senior analyst at Bloomberg Intelligence. “But right now, if you’re producing lumber in the U.S. South -- or anywhere for that matter, but particularly in the U.S. South, where your log cost hasn’t come up -- it’s very profitable.”