Wednesday, August 21

What you missed today

Author

Max
August 21, 2024

Good evening!

If you want the most confusing, random news you’ve heard all day, keep scrolling… 🐔

Here are the 7 things you missed today:

1.  🚫 U.S. Judge Barred Noncompete Ban

Double negatives are confusing! The FTC enacted a rule, scheduled to go into effect nationwide on September 4, banning employers from requiring workers to sign non-compete agreements. Today, a federal judge in Texas barred that ban, effectively blocking it. It’s a success for the Chamber of Commerce and a loss for the FTC.

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3. 🎯 Target Pushed Back on Price Gouging

Target CEO Brian Cornell pushed back on claims that Target has raised prices to boost profits after Vice President Kamala Harris said she would implement a federal ban on corporate price gouging, targeting high grocery prices. Many retail executives have since pushed back on the proposal.

4.  🛠️ Things Worth Checking Out

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5. 🍗 Chick-Fil-A is Starting a Streaming Service?

In the most confusing news of the day… chicken restaurant chain Chick-Fil-A has apparently been working with major production firms to create original family-friendly reality TV programs for its own streaming platform. The company is reportedly shelling out about $400k per half-hour of unscripted content and has already made a 10-episode order for a gameshow.

6.  🍎 Apple is Dividing Its App Store

Apple is splitting its App Store division of employees in half, due to changes in the European Union. One half of employees will run the App Store, while the other will manage its approach to alternative marketplaces that have started opening up in the EU.

7.  🎃 Starbucks is Bringing Back the PSL

Starbucks is preparing for its earliest release ever of its famed Pumpkin Spice Latte, starting Thursday (two days earlier than 2023). Its return also marks the launch of Starbucks’ autumn menu, which makes up about 10% of Starbucks’ overall sales.

Bonus. CEO Tip Of The Day

Business experts love to debate predictors of success, but one really does stand apart from the rest. The most important metric of success? Grit.

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