A new study by MIT researchers finds that temperature increases caused by climate change could lead to a reduction in the energy produced by solar panels, reports Scott Snowden for Forbes. The researchers found that “on average, photovoltaic power output reduces by 0.45% for each degree increase in temperature.”

Writing for the Financial Times, graduate student Daniel Aronoff examines the impact of the FedNow banking service, which aims to process and settle individual payments within seconds. FedNow will have a “revolutionary impact on the banking industry and monetary policy,” writes Aronoff. “When depositors are able to move funds costlessly and instantaneously between accounts, it will become feasible to arbitrage between banks in real time.”

A working paper by Prof. Christopher Knittel finds that even “modest” carbon taxes could help reduce carbon emissions as much as vehicle and power plant regulations, reports Ben Geman for Axios. Knittel explains that the study’s findings “underscore the economic power of a carbon tax" compared to "economically inefficient" regulations.

STAT reporter Kate Sheridan spotlights MIT startup Lyra Therapeutics, which is developing a long-acting treatment for chronic rhinosinusitis.