Originally I was thinking that EM stood for Emerging Markets,, but rereading it now I’m leaning toward Electronics Manufacturers.
No subsidies means they relocate most likely.
Question in drop 428 was about SpaceX...
“Missile tech/guidance cap is SpaceX tech, methinks. Via Obama possibly?”
EM = Elon Musk
That’s my take, anyway.
Elon Musk, he gets subsidies everywhere his stuff goes up...