Happy Monday Zingers! There was no better feeling than getting behind the wheel for the first time on my own when I turned 16. At the time, I thought it was a headache to convince my parents to give me the keys. I couldn’t wait to get my own car.

Now I wish I could go back to mooching. Car insurance is getting more expensive, up over 25% from last year. Not to mention all the other costs like taxes and upkeep. Throw in the 3 parking tickets I get each month, and that old dusty Schwinn in my garage is starting to sound real nice.

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MARKET SNAPSHOT

Last Week: Pumpin’ Powell made an appearance last Wednesday, sending the markets to right around their all-time highs. The Dow Industrial Average notched its best week of the year despite a down day on Friday.

On Our Radar: Some Fed speakers will address the public this morning, and later this week we’ll get PCE data. Friendly reminder that the market will be closed on Friday for Good Friday.

TOP STORY

Sam Altman's Under-The-Radar SPAC Fuses AI Expertise With Nuclear Energy

Context: Sam Altman is considered one of the leading figures in the AI revolution. OpenAI’s ChatGPT became the first large language model to demonstrate to the world the seemingly limitless opportunities AI can unlock.

What To Know: Altman has an under-the-radar special purpose acquisition company (SPAC): AltC Acquisition Corp. The SPAC has already identified advanced nuclear fission startup Oklo as its merger partner. Altman is also the chairman of Oklo’s board. Oklo is working on developing next-generation fission reactors to produce abundant amounts of affordable, clean energy on a global scale.

Power Play: Altman previously said he believes nuclear energy is necessary to meet booming global energy demand, especially as AI continues to rapidly advance. His vision for a better future involves developing AI and energy in parallel.

Click here to read more.

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FIVE ZINGERS

Trading Higher: Customers aren’t the only ones getting high. Cannabis stocks took off on Friday on news that Germany will legalize cannabis.

Cluck It: Chick-fil-A will abandon its policy of using only antibiotic-free chicken this spring, citing supply-chain issues.

Not Done Yet: Thought the crypto rally was over? Not till the last meme coin sings. Here are the latest ones to skyrocket.

iPhone Shakeup: Some of us don’t love it when our phones update automatically. Here’s what could change with your iPhone amid the DOJ’s antitrust case against Apple.

Rick’s Rules: Rick Rule, an expert in the mining space, shared his keys for making sound investments in mining companies.

ONE FOR THE ROAD

Green Transition Will Drive Copper, Uranium, And Lithium Higher, Says Analyst

The Synopsis: China is no longer building fossil fuel power stations as quickly as it once was, as the world opts for greener energy options. Patricia Mohr, commodities expert and a former vice president at Scotiabank told Benzinga’s Melanie Schaffer that the green transition could see prices for certain commodities spike:

Quoted: “In the mining space we think copper is going to do very well — currently trading around $4 a pound, I think in a couple of years it will move above $5 a pound, which will be quite a profitable level,” she said. “We need to see that level because we need to see investment in some new mines established around the world to meet the decarbonization goals the world now has.”

Zooming In: Copper is used heavily in producing electricity—whether in fossil fuel-guzzling power stations or wind and solar farms. Copper is used in turbines that convert rotational energy into electric energy. More copper is used in wind and solar energy production than in traditional fossil fuel stations.

Click here to read the full breakdown.

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