Monday links: a distraction at best

Fund managementBlackrock ($BLK) is launching a competitor to the iShares Nasdaq 100 ETF ($QQQ). (wealthmanagement.com)Alternatives in 401(k) plans are a solution in search of a problem. (morningstar.com)OpenAIA big profile of Sam Altman and his leadership of OpenAI. (newyorker.com)There seems to be some doubt internally whether OpenAI is ready to IPO. (wheresyoured.at)OpenAI published a policy paper on how to deal with the effects of AI on the economy. (axios.com)IranThe Strait of Hormuz 'is not closed. It has been converted.' (theomission26.substack.com)The war in Iran has highlighted limits of U.S. power. (theatlantic.com)How the war is entrenching Iran's position. (nytimes.com)The war in Iran is a boon for China's renewable energy industries. (wapo.st)EconomyGasoline prices are higher, but not historically high. (bonddad.blogspot.com)Companies are not acting as if they exepectan extended Iran war. (thetranscript.substack.com)Where manufacturing employment is growing (and shrinking)