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I think the use of template strings simplifies it, even inline:

const { status } = await send(`${capitalize(greeting)}!`)

console.log(status)

It does reduce the number of discrete operations to make the pipe example look more impressive, though.

But you have to look at the whole string and check if send has a further parameter. With `send(msg)` you see it without taking extra time of reading.

And let the compiler optimize your code, that is the job of a compiler. Write your code for humans.