🔌 Texas Electric Bills Were $28 Billion Higher Under Deregulation

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Today’s Picks

Texas Electric Bills Were $28 Billion Higher Under Deregulation. Texas’s deregulated electricity market, which was supposed to provide reliable power at a lower price, left millions in the dark last week.  (Tom McGinty via Wall Street Journal)

Fry's Electronics is shutting its doors for good. Fry's Electronics, one of the last big brick-and-mortar electronics store chains in the United States — and a Silicon Valley institution in particular — is permanently closing nationwide. (Sean Hollister via The Verge)

The U.S. Air Force Just Admitted The F-35 Stealth Fighter Has Failed. The U.S. Air Force’s top officer wants the service to develop an affordable, lightweight fighter to replace hundreds of Cold War-vintage F-16s and complement a small fleet of sophisticated—but costly and unreliable—stealth fighters. (David Axe via Forbes)

FDA staff endorses Johnson & Johnson's single-shot Covid vaccine for emergency use. The Food and Drug Administration’s staff endorsed Johnson & Johnson’s Covid-19 vaccine for emergency use, a critical step in bringing a third shot to the U.S. marketplace. (Berkeley Lovelace Jr. via CNBC)

Kushner Family's Times Square Property Moves Toward Foreclosure. A Times Square retail property owned by Kushner Cos., the family company of former presidential adviser Jared Kushner, is a step closer to foreclosure, according to loan documents. (Sophie Alexander via Bloomberg)

USPS unveils next-generation mail truck with electric drivetrain option. The United States Postal Service (USPS) has revealed its new mail truck after a years-long competition. The new truck will be built by Wisconsin-based defense contractor Oshkosh and can be fitted with both gasoline and electric drivetrains. But it won’t hit the road until 2023. (Sean O'Kane via The Verge)

Twitter is now adding a controversial 'hacked materials' warning label to tweets. “These materials may have been obtained through hacking,” reads the disclaimer affixed to a tweet linking to a story from independent news outlet, The Grayzone. The tweet was originally posted on Feb. 20. However, three days later, users began to notice the label added to The Grayzone’s tweet. (It is not yet clear when exactly the label appeared.) (Matt Binder via Mashable)

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