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Berkshire May Just Save You From A Likely Market Crash (NYSE:BRK.A) (NYSE:BRK.B)
Amrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strategy for the family fund. The fund’s objective is to invest capital in sustainable, growth-driven companies that maximize shareholder equity by meeting their growth-oriented goals. In addition, she also started her own award-winning newsletter, The Pragmatic Optimist which focuses on portfolio strategy, valuation, and macroeconomics in concert with her husband Uttam Dey who is also a contributor on Seeking Alpha. Prior to cofounding her fund, Amrita worked for 5 years in high-growth supply-chain start-ups in downtown San Francisco, where she led strategy. During her time in the Bay Area, she also worked with venture capital firms and start-ups, where her efforts led her to grow the user acquisition business. During this time, she was introduced to investment portfolios and was able to maximize returns for clients during the pandemic. The cornerstone of Amritas work rests on democratizing financial literacy for everyone and breaking down financial jargon and complex macroeconomic concepts into formats that are easily digestible but more empowering than the typical investment thesis. Her newsletter has been featured as the Top Newsletter in Finance on popular newsletter platforms and she aims to bring her ideas to Seeking Alpha as well.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Business
Harbor Mid Cap Value ETF Q1 2026 Commentary (EPMV)
Harbor Capital is an asset manager focused on curating an intentionally select suite of active ETFs that they believe have the potential to produce compelling, risk-adjusted returns within a portfolio. Note: This account is not managed or monitored by Harbor Capital, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Harbor Capital’s official channels.
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InvestingPro Fair Value flagged Opendoor drop before 49% decline

InvestingPro Fair Value flagged Opendoor drop before 49% decline
Business
Why In-Person Events Still Earn Their Keep
Ask a finance director about the events line in the marketing budget and you tend to get a raised eyebrow. Events are visible, expensive and hard to measure, which makes them an easy target when money is tight.
Yet for all the scrutiny, businesses are putting more into in-person events, not less. After a few years of doing almost everything on a screen, the room has come back into fashion, and the brands bringing it back are not doing so on a whim. They have worked out that a well-run event still earns its keep, provided you are honest about where the return actually comes from.
The question every finance director asks
The challenge with events has always been attribution. A campaign on paid search hands you a cost per click and a conversion rate. An event hands you a roomful of people and a feeling that it went well. The temptation is to conclude that the channel you can measure neatly is the one that works, and the one you cannot is indulgence.
That is a mistake, and a common one. The fact that something is hard to measure does not make it ineffective; it makes it harder to defend in a spreadsheet. Plenty of the most valuable things a business does, building trust with a major client, aligning a leadership team, giving a launch enough momentum to carry itself, resist a tidy cost-per-acquisition figure. Events sit squarely in that category. The job is not to pretend they behave like performance marketing. It is to understand the specific kind of value they create and to track it on its own terms.
Where the return actually comes from
Strip an event back and the return tends to come from four places.
The first is pipeline. A focused event with the right people in the room compresses months of relationship-building into a single evening. Conversations that would have taken a quarter of back-and-forth happen over dinner. For complex, high-value sales, that acceleration is worth far more than the raw cost of the night.
The second is retention and trust. It is cheaper to keep a client than to win one, and nothing reinforces a relationship like time and attention in person. An existing customer who spends an evening with your team, your product and your other clients leaves more committed than any email sequence could manage.
The third is brand. A launch or a flagship event is a statement about who you are, made in three dimensions. Where you hold it, how it feels, the standard of the detail; all of it tells your market something about your seriousness and your taste. That signal compounds long after the night itself.
The fourth, and the most underrated, is your own people. Bringing a dispersed, hybrid workforce together with purpose does something no all-hands video call achieves. It rebuilds the shared sense of mission that quietly erodes when everyone works from their spare room. Engagement and retention are real numbers with real costs attached, and the in-person gathering moves them.
None of these fit neatly under a single conversion metric, but all of them can be tracked: opportunities created and accelerated, renewal and retention rates, brand and earned-media lift, employee engagement scores before and after. Measure those, and the events line stops looking like a leap of faith.
Hybrid as a multiplier, not a replacement
The pandemic-era assumption was that streaming would replace the room. In practice, the businesses getting the most from events use broadcast to multiply the room instead. The people present get the full experience, the relationships and the spectacle, while a wider audience gets a polished window onto it. One event can now serve the hundred people in attendance and the thousands watching live or later, each at the right level of intimacy.
That changes the maths in your favour. The cost of the event is carried by a much larger reach, and the content produced on the night, the keynote, the panel, the product reveal, has a second life across your channels for months afterwards. The organisations that plan for this from the outset, designing the in-person experience first and the broadcast around it, get two assets for the price of one.
The venue is part of the equation
Here is the part that is easy to underestimate: the venue is not a cost centre sitting underneath the event, it is part of what generates the return. When the goal is trust, brand signal and a genuine experience, the building does a meaningful share of the work. A space that adapts from conference to reception across a single day, that has the production infrastructure built in rather than bolted on, and that impresses the moment guests arrive, lifts everything that happens inside it.
This is why a new generation of London venues has invested so heavily in flexibility and character. Town Hall Spaces in King’s Cross is a useful illustration: a restored neo-classical landmark, reimagined with contemporary interiors and broadcast-ready technology integrated into the fabric of the building, operated by a group with a track record of producing events for the likes of Chanel and the Royal Family. Brands including Adidas, Prada and Sony have used spaces of this kind precisely because the setting does part of the persuading for them. The lesson for any business weighing an event is that the venue is not where the budget leaks away; chosen well, it is where a good deal of the value is made.
The honest bottom line
In-person events are not free, and they are not magic. Run without a clear objective, in a forgettable space, measured against the wrong metric, they will indeed look like money poorly spent. Run with a sharp purpose, in a setting that does them justice, with the right people in the room and a plan to measure pipeline, retention, brand and engagement, they remain one of the most powerful tools a business has.
The screen earned a permanent place in how we work, and it deserves it. But the brands quietly increasing their events spend have spotted something their more cautious competitors have not. When you want to win trust, accelerate a deal, or make your market and your own people believe in you, there is still no substitute for getting everyone in a room worth being in, and measuring what happens next.
Business
Medicare will soon cover obesity drugs, but many seniors may not know
Injection pens for the weight loss treatment Wegovy, manufactured by Novo Nordisk A/S, on display during a news conference in Mumbai, India, June 24, 2025.
Dhiraj Singh | Bloomberg | Getty Images
Millions of older Americans in Medicare are about to gain access to obesity drugs for the first time — but that landmark shift may be flying under the radar for many of them.
Starting Wednesday, eligible beneficiaries can get obesity drugs through Medicare’s new Bridge demonstration program for a monthly copay of just $50. The coverage marks a long-sought victory for patients, physicians and obesity advocates who have pushed for broader access to the blockbuster treatments from Novo Nordisk and Eli Lilly, which have remained out of reach for many Americans.
But a staggering 82% of all older Americans — including 79% of Republicans and 84% of Democrats — say they are unaware that Medicare is about to begin covering obesity drugs, according to a survey released in early June by the Obesity Care Advocacy Network. The survey, conducted in late March among more than 2,100 adults ages 65 and older, was completed weeks before the government announced it would extend the Bridge program through 2027.
That data may not come as a surprise: While the government has done robust outreach to healthcare providers and pharmacists, some physicians and other experts told CNBC that they have noticed limited advertising of the new coverage to the general public from the Centers for Medicare & Medicaid Services or Novo and Lilly.
There may be good reasons for it. CMS has done limited public outreach on the program ahead of July 1 because beneficiaries are “most moved to take action” when a benefit is actually available to them, an agency official told reporters on Thursday. They added that CMS will put out more promotions after the launch, “in the interest of being good stewards of our taxpayer dollars.”
Other experts also told CNBC that it may come down to making sure providers and pharmacies are prepared and resources are in place before pursuing broad public outreach.
Still, some experts say the lack of awareness may delay some eligible adults from taking advantage of the new coverage and getting on the treatments immediately.
“I have not seen a lot of information out there for the public, and I think there are going to be plenty of people who have zero knowledge of the Bridge program,” said Dr. Shauna Levy, medical director of the Tulane Bariatric and Weight Loss Center. “And I think for patients, it’s just going to take even longer for them to find out about it, and then see if they’re eligible.”
Unlike traditional Medicare drug coverage, enrollment in the Bridge program is not automatic. Patients must meet eligibility requirements, obtain a prescription and receive prior authorization approval through CMS before coverage begins.
A quiet lead-up to launch
The relatively quiet lead-up to the rollout stands in contrast to the marketing campaigns Novo and Lilly have historically deployed for their obesity and diabetes medicines, which have appeared everywhere from television commercials to subway advertisements.
Novo spent nearly $500 million on U.S. advertising for its obesity drug Wegovy and its diabetes counterpart Ozempic in the first 9 months of 2025, more than double the just over $200 million Lilly spent promoting its rival injections, Zepbound and Mounjaro, Reuters reported, citing data from the ad-tracking firm MediaRadar.
“I was a little surprised that there hasn’t been more advertising by Lilly and Novo for seniors to be ready to get their prescription,” said Leerink Partners analyst David Risinger, adding that it takes time to book an appointment with a provider to obtain one.
The Eli Lilly and Novo Nordisk logos.
Mike Blake | Tom Little | Reuters
Medicare beneficiaries must be enrolled in Part D, a prescription drug plan, to qualify for the new coverage. But because the Bridge program is administered directly by CMS rather than through Part D plans, private insurers don’t need to play a role in educating beneficiaries about the new coverage.
“All of that marketing advantage of having it run through the Part D plans doesn’t exist,” said Kenneth Thorpe, health policy professor at Emory University.
He said “getting the word out” about the program and who is eligible will likely be among the largest challenges of the rollout.
The eligibility for the program is broad, but certain patients will not qualify. That includes those already receiving coverage of a GLP-1 from their Part D plan for a use already covered by Medicare, such as Type 2 diabetes, cardiovascular disease risk reduction or sleep apnea.
While advertising of the GLP-1 coverage may not mirror previous rollouts, there has been some promotion ahead of the launch.
Targeted mentions on social media and Novo’s website are advertising the Bridge program, said Jamey Millar, the company’s executive vice president of U.S. operations, in an interview on Wednesday.
He acknowledged that no linear TV ads are promoting the new coverage, but said he believes awareness among patients will come from providers and pharmacies. CMS has done comprehensive outreach to both about the upcoming program, according to some physicians.
Millar likened the dynamic to the annual flu vaccine or shingles shot for older adults.
“Any seniors that walk into a retail pharmacy post-July 1, on average, they’re on eight medications, most of them oral, so the pharmacist has an opportunity to say, did you know about Bridge?” he told CNBC. “So they’re equipped to do it, and then [health-care providers] as well.”
The move may be intentional
Adamkaz | E+ | Getty Images
The limited public outreach ahead of July 1 may be by design. A slower rollout could give physicians, pharmacies and CMS time to prepare before a potentially large number of beneficiaries begin seeking treatment.
“We typically take the view that let’s make sure that the physicians are prepared, similar to what we did with Foundayo, before getting broad awareness for consumers,” Ilya Yuffa, president of Lilly USA and global customer capabilities, said in an interview on Wednesday.
Yuffa was referring to the recent launch of Lilly’s obesity pill, Foundayo. Building awareness among providers and the broader healthcare system first helps avoid “friction” between patients and physicians, he said.
Still, Yuffa said consumers should expect to see broader marketing efforts from Lilly around the availability of Foundayo and one form of Zepbound through the Bridge program.
Some experts suggested CMS may also be trying to ensure the program can handle an influx of interest. Beneficiaries must obtain prior authorization before receiving coverage, and processing those requests could become a significant undertaking if demand surges immediately after launch.
“It may be, let’s get the first month down and see what mistakes we make, so we can fix it, rather than everything crashes and burns within a month or two,” said Dr. Holly Lofton, director of the Medical Weight Management Program at NYU Langone.
“The thing is, the access is there, and hopefully the world will get around,” she said.
Business
Musk says Grok 4.5 enters private beta at SpaceX and Tesla

Musk says Grok 4.5 enters private beta at SpaceX and Tesla
Business
Deutsche Bank surges 69% after InvestingPro Fair Value signal

Deutsche Bank surges 69% after InvestingPro Fair Value signal
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The Wellbeing Trend Designing for Sound, Scent and Touch
We tend to judge a garden by how it looks. Photographs reward the view, so the view is what most people plan for.
Yet the gardens people actually find calming work on far more than sight. They are planned for sound, scent and touch as well, and that approach now has a name and a following: the sensory garden.
The idea has moved from therapy gardens and care homes into ordinary back gardens, pushed by rising interest in wellbeing and the spread of green-prescribing schemes through the NHS. Wellbeing gardens have featured heavily at recent RHS shows. The thinking is simple: a garden that engages every sense holds your attention and quiets a busy mind better than one you merely look at.
Sound is the sense most gardens ignore
Walk into a well-designed sensory garden and the first thing you notice is what you hear, or stop hearing. Moving water is the tool that does it.
The reason is masking. A steady trickle of water sits in a similar pitch range to distant traffic and conversation, and the brain stops tracking the background drone once a closer, gentler sound covers it. You do not need a waterfall. A small, constant flow works better than a loud one.
The Babbling Basalt Column Water Feature is built for this job. Water rises through a drilled natural basalt bowl and slips over the rim in a soft, even babble, recirculating on a small pump. The low octagonal stone reads as a quiet sculptural object in a border, while the sound it makes carries across a small garden and softens road noise. Set it near a seating area, where you will actually hear it.
“Sound is the sense people forget until they have it,” says Matt W, who has installed water features across the UK for 16 years. “I have fitted a small bubbling feature outside a bedroom window and had owners tell me they sleep with it on through summer. It changes how a garden feels far more than its size suggests.”
Touch belongs in the planting and the stone
A sensory garden invites contact. Plant things that ask to be brushed and rubbed: the soft spikes of lamb’s ears, the cool ribbon leaves of grasses, the resinous needles of rosemary that release scent on the slightest touch.
Hard surfaces matter too. Natural stone carries real texture, from the gritty face of granite to the smooth, cool skin of polished basalt. Running a hand over weathered stone is part of the pleasure of a tactile garden, and it is something resin and plastic cannot offer.
A stone bird bath brings that texture to a reachable height. The Cascade Pink Granite Bird Bath has a coarse, sparkling granite surface and a generous bowl, set on a sturdy column. It rewards touch, and it does a second job described below.
Scent peaks at the edges and the evening
Scent is the sense that triggers memory hardest. Place fragrance where people pass and pause: by the back door, along a path, beside a bench.
Lean on lavender, rosemary, sweet peas, jasmine and night-scented stock. Many scents strengthen at dusk, so a fragrant plant near an evening seat earns double its space. Keep aromatic plants where they get brushed, because a leaf only gives up its oils when touched or warmed.
Movement and the sound of wildlife
The fifth element is life. A garden full of birds and insects supplies its own changing soundtrack and constant small movement, and both deepen the sense of calm.
This is where the bird bath earns its keep again. Water draws birds more reliably than any feeder, and a granite bowl gives them a safe, gritty surface to land on and drink from. Position it three to five metres from dense cover so birds can reach safety quickly but cats cannot ambush them. The birdsong that follows is part of the garden’s sound design, free and self-renewing.
Build it around a seat
A sensory garden has a centre, and that centre is somewhere to sit still. Choose the spot first. Then layer the senses around it: moving water within earshot, scented planting within reach, textured leaves and stone close to hand, and a bird bath in clear view.
You do not need a large garden or a big budget. A single bench, one small water feature, a bird bath and a handful of aromatic plants will change how a space feels within a season. Most people find they linger far longer once a garden gives them something to hear and touch, not just admire.
For water features, stone bird baths and the natural-stone pieces that bring texture and sound to a sensory scheme, the specialists at gardenornaments.com carry a deep range and can advise on placement and frost resistance.
Business
A Conversation with Aileen P. Charland
Leadership is often discussed from the perspective of CEOs, founders, and senior executives.
Yet the people who work closest to those leaders often gain a unique perspective on how decisions are made, challenges are handled, and organizations move forward. Throughout her career, Aileen P. Charland has had a front-row seat to leadership in action.
As Executive Assistant to the CEO and CFO at TRUMPF North America, Charland supports executive operations, coordinates complex projects, and keeps priorities moving across the organization. She also recently joined the Board of Directors at MakerspaceCT, a nonprofit innovation lab in Downtown Hartford, Connecticut that is dedicated to bridging the gap between traditional skills and advanced technologies through education, collaboration, and hands-on learning. Her career has included leadership roles in university, community service, global trade show logistics, and executive support. Along the way, she has gained a unique perspective on what separates effective leaders from ineffective ones.
Aileen shares lessons from supporting senior leaders, navigating high-pressure situations, and building a career based on preparation, trust, and consistency.
Many people think leadership happens in boardrooms and presentations. From your perspective, where does leadership actually show up day-to-day?
Leadership often shows up in the small moments. It can be how someone responds when a project is falling behind or how they communicate during a stressful situation. The strongest leaders I have worked with are usually very consistent. They don’t only step up when everyone is watching. They show leadership through their actions every day, especially when challenges arise.
You work closely with senior executives. What is something people often misunderstand about leadership roles?
I think many people assume leaders always have all the answers. What I have observed is that great leaders spend a lot of time asking questions. They gather information, listen to different perspectives, and work through problems with their teams. Leadership is often more about learning and adapting than having all the answers.
After years of supporting decision-makers, have you noticed any habits that separate effective leaders from ineffective ones?
Preparation stands out more than anything. The most effective leaders are usually the ones who arrive prepared. They understand the issues, know the details, and have thought about possible outcomes before discussions begin. They also respect people’s time and come into meetings ready to make progress.
You’ve had a front-row seat to countless meetings and projects. What are the small behaviors that reveal whether a leader is prepared or not?
You can often tell within the first few minutes of a meeting. Prepared leaders ask focused questions and keep conversations moving forward. They know what they want to accomplish. Unprepared leaders tend to spend more time reacting than directing. Small things like reviewing materials in advance or anticipating questions make a noticeable difference.
In your experience, what tends to create more problems for organizations: poor decisions or poor communication?
Poor communication. Even good decisions can fail if people don’t understand them. In roles involving executive support, project coordination, and logistics, clear communication is essential because so many people depend on accurate information and expectations.
You once managed global trade shows and freight logistics. Was there a moment when a project nearly went off the rails, and what did it teach you about leadership under pressure?
There was a trade show project where a key vendor became unavailable much later in the planning process than anyone expected. It created a lot of uncertainty because the event was approaching quickly. What I learned is that pressure can push people to make rushed decisions. Instead, we focused on evaluating our options carefully and finding the best solution available. We ultimately found a stronger vendor, and the event was a success. That experience taught me that staying calm often leads to better outcomes.
Executive assistants often see challenges before anyone else. How important is anticipation in a fast-moving organization?
It is extremely important. Anticipation allows you to address issues before they become problems. In my role, I am constantly thinking about what might happen next. Whether it is scheduling, travel, or project planning, looking ahead helps prevent surprises and keeps things running smoothly.
You have said you like to think several steps ahead. Has there ever been a situation where that mindset prevented a larger issue from developing?
In my role, thinking ahead is part of the job. Looking at schedules, travel, and upcoming priorities helps reduce surprises and keeps things moving smoothly. Often, the biggest successes are the problems that never happen because someone planned ahead.
Business leaders often receive public recognition, while support professionals work behind the scenes. What have you learned about influence from a role that doesn’t always receive the spotlight?
I’ve learned that influence is not always tied to a title. Throughout my career, whether serving on community boards, including my recent appointment to the Board of Directors at MakerspaceCT, or supporting executive leadership, I have seen how trust and reliability shape outcomes. People tend to listen to those who consistently follow through and contribute solutions.
You’ve watched workplaces evolve throughout your career. What changes have improved the way organizations operate, and what changes have made things more complicated?
Technology has made communication and collaboration much easier. Teams can work together more efficiently than ever before. At the same time, the pace of work has increased significantly. There are more messages, more meetings, and more information to manage. Finding ways to stay organized has become increasingly important.
You serve leaders while also leading projects and coordinating teams yourself. How do you balance supporting others with having confidence in your own voice and ideas?
I think it comes down to understanding your value. Supporting others doesn’t mean remaining silent. There are times when sharing a different perspective or raising a concern is important. Throughout my career, I have learned that thoughtful input can be valuable regardless of your title.
After spending years around senior leaders, what is something you’ve changed your mind about?
Earlier in my career, I thought leadership was mostly about having the right answers. Over time, I’ve realised it’s often about listening, adapting, and being open to different perspectives. The leaders I’ve respected most are not always the loudest people in the room. They’re usually the ones who stay curious and continue learning.
Business
How UK Homeowners Are Slashing Energy Bills with Battery Storage in 2026
UK household energy bills remain a top concern in 2026. Even after price cap adjustments, the average dual-fuel home pays £1,700+ annually for electricity and gas — and that’s before peak-time surcharges that can double daytime tariffs.
Combined with the government’s Smart Export Guarantee and zero-rated VAT on battery storage (since 2024), solar plus battery has become the most practical way for homeowners to take direct control of energy costs.
But “going off-grid” or even “adding backup” intimidates most homeowners. How big a battery? Which solar size? What’s it actually going to save? This article walks through the practical sizing questions and where to find honest, free tools to plan your setup.
Why battery storage suddenly makes sense
Five years ago, a 5 kWh home battery cost £6,000+ and the math rarely worked. Today, the same capacity is £2,500–£3,500, with LiFePO4 chemistry lasting 10–15 years (vs 3–5 for older lithium-ion variants). Add Smart Export Guarantee payments of 5–15p per kWh exported, and a battery often pays back in 6–9 years on a typical UK home — well within its working life.
For homes with solar, the case is even simpler: instead of exporting daytime generation at low SEG rates and buying back evening electricity at 28p+, you store your own solar for your own use. The price arbitrage alone justifies the storage.
How to size your battery bank
Sizing isn’t guesswork. It’s a calculation: daily energy use (kWh) × number of days you want autonomy ÷ usable depth of discharge.
A typical UK semi-detached home uses 8–12 kWh per day. To cover one day of evening loads (4–6 kWh between 4 PM and midnight), most homeowners install a 5–10 kWh LiFePO4 bank. Full off-grid setups need 20–40 kWh and a dedicated solar array.
For accurate sizing without spreadsheets, try this free LiFePO4 battery sizer — enter your daily kWh, system voltage, and autonomy days, and it returns the exact bank size and cell configuration.
Drop-in batteries vs DIY: choose your path
There are two routes to battery storage:
Drop-in LiFePO4 batteries — ready-made 12V, 24V, or 48V units with built-in BMS. Brands like Renogy, Battle Born, and EcoFlow ship in plug-and-play form. Cost: roughly £200–£350 per usable kWh. Best for homeowners who want to install once and forget.
For comparing models by capacity, cycle life, and price, this drop-in lithium battery banks for UK homes listing is a good starting point.
DIY 18650 packs — building your own from individual lithium cells. Cost: roughly £80–£120 per usable kWh — a third of drop-in pricing. But requires spot welding, cell matching, BMS wiring, and ongoing maintenance.
If you’re considering the DIY route, this DIY 18650 powerwall builder calculates pack voltage, capacity, and state-of-charge for any series/parallel configuration. Essential before you start ordering cells.
What it actually costs to install
A complete 10 kWh home battery system (storage only, paired with existing solar) typically runs:
- 10 kWh drop-in LiFePO4 bank: £2,500–£3,500
- Hybrid inverter (Victron, GroWatt, Sungrow): £1,200–£2,500
- Installation by MCS-certified electrician: £1,500–£2,500
- Total: £5,200–£8,500 installed
DIY route (same capacity, self-installed): roughly £2,000–£3,500 in components. Bigger savings but longer commissioning time, and your insurance may not cover self-built lithium installations.
The hidden incentives
UK homeowners often miss these:
VAT 0% on residential battery storage since February 2024 — saves £1,000+ on a typical install.
Smart Export Guarantee — most major suppliers pay 5–15p per exported kWh. Combined with storage, you arbitrage daytime solar to peak evening rates.
ECO4 grants for low-income households can cover solar+storage almost entirely, though waiting lists are long.
Common pitfalls to avoid
- Oversizing the inverter. Bigger isn’t better — match continuous wattage to your actual peak draw plus 25% headroom.
- Skipping the BMS spec. Cheap battery banks ship with weak BMS units that fail in cold weather. Confirm low-temperature protection.
- Going for cheap lithium-ion drop-ins. LiFePO4 is the only chemistry that consistently lasts 4,000+ cycles. Other lithium variants degrade in 5 years.
- Forgetting export limits. Some DNOs cap export to 3.68 kW per phase — your inverter setup needs to respect this.
Where to start
Don’t buy components until you’ve sized your system. Use a free calculator to work out exact kWh storage and panel wattage for your usage, then compare drop-in vs DIY costs honestly.
Most UK homeowners overestimate what they need and underestimate the savings. A correctly sized 8 kWh battery often pays for itself within 7 years and provides backup during winter blackouts that have become increasingly common during peak demand. Whether you go drop-in or DIY, planning with real numbers is the difference between a system that saves you money and one that sits underused in the garage.
Business
A ‘perfect storm’ points to a much smaller U.S. auto market by 2040

Ten years ago, a record 17.6 million cars, trucks and SUVs were sold in the U.S. Some forecasts say the country might not come close to that number again.
Analysts at consulting firm Bain & Company said several signs indicate the market is about to shrink even more. Falling birth rates, behavioral changes, high car prices and a growing array of alternatives could drive sales down by more than 2 million units by 2040, according to their analysis.
These indications point to a future where automakers fiercely compete for a shrinking number of customers, said Mark Gottfredson, a partner at Bain & Company.
The auto industry has historically depended on an annual 1% growth rate that tracks the increase of the overall population, Gottfredson said. But all over the world, government statistics show population growth has slowed, and some countries are already seeing declines.
“It is the perfect storm, isn’t it,” Gottfredson said. “It starts with the population declines. You’re no longer a growth industry. You’re a declining industry. You’re a declining industry at a time when the technology is disrupting everything.”
The U.S. fertility rate in 2025 was about 1.6 births per woman. While not as low as some countries in Europe or Asia, it’s considered below the replacement rate of 2.1, according to the Centers for Disease Control.
Bain said that has been offset by relatively high immigration — about a million people coming to the U.S., according to the historical average it cited. But the firm said it expects restrictive immigration policies will last for the next 15 years, cutting historical net migration rates of the past 20 years in half, which means it could again reach low levels seen in 2019.
That remaining population’s behavior has changed — in part due to high prices and affordable alternatives, according to Bain. Half of 16-year-olds today don’t have a driver’s license, compared with nearly 70% of 16-year-olds between the years of 1966 and 1984, Gottfredson said. The stat might reflect a mere delay rather than a total refusal — Bain’s research suggests most people still get licenses by age 25.
Still, the share of new vehicle registrations among people aged 18 to 34 fell from 12% in the first quarter of 2021 to under 10% by mid-2025, according to S&P Global Mobility. Buyers 55 and older account for nearly half of all new registrations and have held the largest share for eight straight quarters, the firm said.
“The engine behind it is affordability,” said Craig Daitch, founder and president of Telemetry, a firm that does market research for the auto industry. New vehicle monthly payments are up 30% over four years, and nearly one in five new vehicles now carries a payment over $1,000 a month, he added.

AutoForecast Solutions, a forecasting firm, expects U.S. new car sales to stay relatively flat at around 16 million through 2033, the furthest year in the future for which the company issues estimates.
“When you look into the future, younger people are more likely to use Uber or Lyft when they’re going somewhere,” Sam Fiorani, vice president of global vehicle forecasting for the company. “We’re still seeing groups of young people who enjoy driving and want a new car, but fewer can afford it.”
If robotaxis become widely available and affordable in the next 15 years, the share of the licensed population could drop around 2 to 3 percentage points, to 85%, according to Bain research. The number of vehicles per driver could drop from 1.2 to 1.1, which would be equivalent to 10% to 20% of U.S. households shedding one vehicle.
The projections Gottfredson shared with CNBC are revisions. He had earlier targeted 2030 as the year when volumes would dip below 14 million, but said he changed those assumptions because autonomous vehicles are taking longer than expected to arrive.
The population numbers though, are baked in.
“We already know how many people have been born and how many people will be of vehicle driving age at age 16 in 16 years from now. And so we can say with quite a bit of certainty that when we get to 2040, we’re going to see we’re going to see some decline in the U.S. That decline is even worse in places like Europe and in places like most of the countries in Asia.”
Gottfredson said the most direct indicator of a potential of a future decline is the rate at which vehicles are “deregistered,” which is when they’re taken off the road and either scrapped or exported to another market, as happens with used vehicles.
In 2000, the rate of deregistration was about 6%, according to the Bain report. As of 2025, the rate was about 5%. Gottfredson said that rate could fall to 4.4% by 2040. This is primarily because vehicles are lasting longer — hitting a record 12.8 years on the road in 2025, according to S&P Global Mobility.
This could reverse. The longevity of electric vehicle batteries is still uncertain. It is also unclear how long automakers will be willing or able to update the software that is increasingly vital to new cars.
However, auto forecasters say that with vehicle prices as high as they are, the industry will have to find a way to keep cars in service.
“Today’s vehicles can’t have a limitation of five to 10 years,” Fiorani said. “It’s not practical for a person who’s spending $50,000 or $100,000 that it’s going to be junk in less than a decade.”
Should these trends hold, the auto industry in the U.S. is liable to become ever more competitive. Consumers have their choice of about 450 nameplates in the country already.
“The competition in the U.S. is going to be ferocious,” Gottfredson said. “There’s too many automakers and too many brands competing for the consumers. The market is going to have to consolidate.”
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