Plus: Pizza smackdown | Friday, February 17, 2023
| | | | | | | Presented By HCA Healthcare | | | | Axios PM | | By Mike Allen · Feb 17, 2023 | | Happy Friday afternoon. Today's PM — edited by Kate Nocera — is 571 words, a 2-min. read. Thanks to Sheryl Miller for the copy edit. | | | | | | 1 big thing: Climate change's costly bubble |  Data: First Street Foundation; Chart: Axios Visuals A costly climate housing bubble threatens to erode real estate prices in much of the U.S. in the coming years, Axios' Andrew Freedman writes. - Nationally, property prices are currently overvalued by $121 billion to $237 billion when compared to their actual flood risk, according to a new study published in Nature Climate Change.
- The current prices mask the true danger these properties are exposed to because of factors like outdated FEMA flood maps, National Flood Insurance Program incentives, and homebuyers who don't see climate change as a near-term threat.
The climate change threat poses a particular challenge for residents outside FEMA's 100-year flood zone. - Once the higher flood risks become evident, these homeowners will lose equity in their property, a particular threat to lower-income homeowners.
Credit: Jeremy Porter, First Street Foundation Coastal areas are hot spots. Florida tops the list of high-risk areas, accounting for about $50.2 billion in overvaluation based on the actual threat, the study found, followed by California. - In Texas, Houston and Dallas have a significant amount of overvaluation.
Go deeper. |     | | | | | | 2. 🐜 "Ant-Man" panned | | "Ant-Man and the Wasp: Quantumania." Photo: Disney, Marvel Studios This weekend's "Ant-Man and the Wasp: Quantumania" premiere will chart a new narrative path for the Marvel Cinematic Universe, and it's widely expected to be a hit at the box office. Fans have been itching for this next phase of the Avenger's storyline after disappointment with more recent MCU projects, Axios' Herb Scribner writes. - There's particular excitement around Quantumania's Kang the Conqueror character — slated to be the MCU's new major villain moving forward — making a formal debut in the film.
🍿 The good news for Marvel: Theatergoers seem to like the movie more than critics do. It currently has an 85% popcorn rating among verified audiences on Rotten Tomatoes. | | | | | | | | A message from HCA Healthcare | | HCA Healthcare helps caregivers advance their careers | | |  | | | | HCA Healthcare invests in caregivers through education, technology, capital investments, infrastructure and more. Last year, 13,009 colleagues participated in HCA Healthcare's tuition assistance program, including 6,451 colleagues working towards a nursing degree. Learn more. | | | | | | 3. Catch me up | | Norfolk Southern Railway is performing home air-quality tests. Photo: Michael Swensen/Getty Images - The Ohio Department of Health will set up a clinic in East Palestine to help address the medical needs of residents impacted by the train derailment. Federal officials will be onsite for public health testing and assessments. More from The Columbus Dispatch.
- At least half of eligible borrowers in every congressional district applied for or were automatically approved for President Biden's student debt relief plan before it was blocked. Go deeper.
- One of the nation's largest food sanitation companies was fined $1.5 million for illegally employing more than 100 minors, the Labor Department announced. Go deeper.
| | | | | | | | 4. 🍕 And the Pizza Bracket winner is ... | | Illustration: Brendan Lynch/Axios After five rounds of competition and more than 22,000 votes from Axios readers across our 26 local newsrooms, we can now crown a winner of our ultimate Pizza Bracket … *drumroll please* … Chicago! State of play: Detroit put up a good fight but lost to Chicago by more than 500 votes in the final round.  Data: Axios survey; Bracket: Jacque Schrag/Axios - We left pizza monolith New York City off the bracket because Axios Local doesn't have a newsroom there — yet.
💭 Axios Chicago's thought bubble: Champs! Far too many people think Chicago pizza is just one style, but our readers know that our pizza is tops in several different categories. Most Chicagoans don't even like deep dish. - Tavern-style is our pie of choice, and we will defend it to the end.
Read all of our pizza superlatives. | | | | | | | | A message from HCA Healthcare | | The organization supporting the next generation of doctors and nurses | | |  | | | | HCA Healthcare invests in nurses and physicians. An example: As a significant sponsor of graduate medical education — and through partnerships with nursing schools across the country — HCA Healthcare increases access to education and advanced career development for clinicians. Learn more. | | |  | | Are you a fan of this email format? Your essential communications — to staff, clients and other stakeholders — can have the same style. Axios HQ, a powerful platform, will help you do it. | | | | | | Axios thanks our partners for supporting our newsletters.
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