Happy Friday CEO!

While you were busy growing your empire…

1. 🍩 Ozempic Impacted Food Sales

Krispy Kreme’s stocks were downgraded and analysts say the rise of GLP-1 weight loss drugs are to blame. Investors just aren’t sure how Ozempic, Wegovy, and similar drugs will affect sales of snack foods. Krispy Kreme may just be the first domino to fall… Read more here.

2. 🥊 Economy Faces Triple Threat

There are three things the US economy is facing down: rising interest rates, soaring debt, and protectionist industrial policy. All that means a major shift in the markets. Expect turbulence ahead… Read more here.

3. 👷🏻‍♂️ Biden Ordered AI Safeguards

President Biden has issued an executive order to put up guardrails on AI technology that will require companies to report about risks. The worry is this technology could aid countries or terrorists in making weapons, as well as the rise of deepfakes. Expect this to only be a first draft… Read more here.

4. 🪓 X Value Cut In Half

About a year ago, Elon Musk paid $44 billion for Twitter. Now known as X, it has just been valued at a mere $19 billion, a 55% drop. We know this number because X is awarding equity to those employees still remaining. But will it be enough to keep employees for the long haul?.. Read more here.

5. 🏀 Skims Partnered With NBA

Kim Kardashian’s Skims line is now the official underwear partner of the NBA. This comes on the heels of Skims announcing its new men’s line. For all the flack Kim gets, she certainly knows how to market effectively… Read more here.

Produced by: @MarketingMax​

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