Green startups stocks tumble following last year’s meteoric rise: Electric vehicle startups and several other green tech firms boomed in 2021, but warning signals that they were wobbling just months after going public have now developed into a full-fledged equity sell-off. A barrage of investigations into these companies — many of which went public via SPACs last year — and missed business targets have sent stocks down 75% or more, the Wall Street Journal reports. The about-face from investors is partially because of how they bought into these companies in the first place: The 2021 SPAC boom encouraged “frenzied buying” from small investors who were looking to buy into green companies they thought would help address climate change, the journal says. But it’s also fueled by shifting market dynamics as the US Federal Reserve’s hawkish turn, which the WSJ previously noted is causing a “turnaround in investor attitude” as they look to safer investments to brace against the imminence of tighter monetary policy.

Dreams of ever returning to an entirely in-person work week have all but disappeared among some of the world’s largest companies. JPMorgan Chase, Standard Chartered and Volkswagen are among some of Europe’s largest employers embracing hybrid working arrangements over the long term, according to Bloomberg. With some 68% of knowledge workers in rich countries preferring a hybrid work setup and some 95% indicating a desire for greater flexibility in work hours, according to a Future Forum survey, companies are finding it increasingly difficult to draw workers back to the office without an “impact upon motivation, [and it] will eventually lead to people leaving,” an official at the UK’s Chartered Institute of Personnel and Development says. Still, financial services companies like Goldman Sachs are sticking to their policy of working the full week in-person, which is expected to succeed because of the significant pay incentives these companies have to offer employees.