Investing High in the Sky and Deep in the Ocean

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week we went up in the sky to learn what it will take to fix the US air traffic control system and deep in the ocean for the story of the undersea cables that carry 99% of the world’s internet traffic. If you’re not yet a subscriber, sign up here for this newsletter.

A series of incidents in the US have put a spotlight on the need to improve and modernize the nation’s air traffic control system. Transportation Secretary Sean Duffy says the problems have created “a once-in-a-generation opportunity to build a brand new, state-of-the-art air traffic control system.”