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+ Joseph G. Carson, US Economist and Director—Global Economic Research, [email protected]
document TEXT-002-HOUSE_OVERSIGHT_033220.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ical strategiesaswellasongoingreadinessto respond to or engage in global encounters. Based on historical gross domestic product (GDP) data, there have been three large defense-spending programs in the past 50 years (Display 1). The first buildup Display 1 Defense Spending Comes i...

They say that you can read a person’s feelings on his face. But if so, either
document TEXT-001-HOUSE_OVERSIGHT_027849.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ad to lose. At first, even the fact our kibbutz had been given a share of the land of Wadi Khawaret seemed just another product of the war. After all, Ben-Gurion had accepted the plan for two states. The Arabs had said no, deciding to attack us instead. Someone had to farm the la...

Zillow (Buy, $42 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014934.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ew: controversy sounding the mortgage business While we still expect Zillow’s core business to have a solid quarter on product improvements, the self-serve platform, and its recent Seller Boost product, the controversy surrounding Zillow’s mortgage business (which potentially ha...

Snap (Neutral, $25 PO)
document IMAGES-003-HOUSE_OVERSIGHT_014920.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…. At this point, it’s difficult to gauge relative impact of Facebook / Instagram competition, Android technical issues, product cycle lumpiness, and seasonality to the recent slowdown. Nonetheless, our sense is that DAU expectations are around 164-166mn, and we'd expect variabili...

in thousands of blogs and other written forums and converts this unstructured content
document IMAGES-007-HOUSE_OVERSIGHT_024051.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…reater role in patient care and well-being. Audax Health (NLV-IJ; exited at 3.4x) touches on this theme with its Zensey product, which engages patients in their own health through programs endorsed by their payer. Problem Area: Inflated Pricing & Fraud e Investment Theme - Pric...

COLLABORATIVE INSIGHTS February 25, 2019
document IMAGES-008-HOUSE_OVERSIGHT_024891.txt Feb 25, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

…or states to regulate the industry. However, the 2018 Farm bill does not change the FDA's oversight authority over CBD products intended for human consumption. The statutory language emphasizes that “nothing in this subtitle shall affect or modify ... the authority of the Commis...

Competition From AMZN Private Label Could Be A LT Concern, Offset By CBD’s
document IMAGES-008-HOUSE_OVERSIGHT_024884.txt Feb 25, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ompetition From AMZN Private Label Could Be A LT Concern, Offset By CBD’s Established Brands Should the market for CBD products expand rapidly over the next several years, one source for increased competition could be Amazon's own first party (private label) business. Amazon off...

{mobile apps, premium nanny, date night payment services etc.) may not see much
document IMAGES-003-HOUSE_OVERSIGHT_014940.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…n our view given declining revenue and profitability, FCF burn, market saturation, and limited visibility into the next product cycle. Upside risks are: 1) international product launches and expansion, 2) higher-than- expected ASPs, 3) new product launches domestically, 4) slowe...