Happy Friday CEO!

These 5 things happened while you were growing your empire…

1. 💰 Fed Held Rates & Indicated Cuts

Policymakers at The Fed voted unanimously to keep interests the same thanks to the easing inflation rate and the economy holding strong. They also indicated at least three cuts in 2024 and four cuts in 2025. Read more here.

2. ⛽️ BP Took Back $40m From Former CEO

British Patroleum’s former CEO Bernard Looney agreed to forfeit ~$40m in severance because the board determined he failed to disclose his relationships with employees which ultimately led to his firing. Read more here.

3. 🍕 Domino’s Revealed New 5-Year Plan

In an effort to grow global retail sales even further, Domino’s revealed a new 5 year plan titled MORE. M = most delicious food / O = operation excellence / R = Renowned Value / E = enhanced by best-in-class franchises. They wanna move away from limited-time offerings and more towards the “savoryness” of their food among other things. Read more here.

4. 🤖 OpenAI Made Landmark News Deal

Industry leader OpenAI will start paying industry leader Axel Spring (who owns Business Insider, Politico, and many more) to use its news content in all of their AI products. This represents the first deal of any kind where a global news publisher sells their content to an AI language model for training purposes. Read more here.

5. 📉 Adobe Shares Fall

Adobe shares fell after hours today after their earnings call reported uncertainty of the US Justice Department’s ruling on their pending Figma acquisition and lowered than expected guidance for fiscal year 2024. Read more here.

Produced by: @MarketingMax​

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