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Morning Brew Daily

Medicare’s $6B Savings on Costly Drugs & Musk’s Unhinged Image Chatbot

Morning Brew Daily

Morning Brew

Business News, News, Business

4.43K Ratings

🗓️ 16 August 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

Episode 389: Neal and Kyle discuss Biden’s historic Medicare negotiating power that is set to discount many drugs for Americans, an estimated cost savings of $6B. Then, Walmart reports their earnings and it looks like the retail king keeps their crown as sales hit a near all-time high. Next, Musk releases a new version of his image generator, Grok, which doesn’t care too much about the rules most AI tools should abide by. Meanwhile, the FTC finalizes a ban on fake reviews that companies use to coax customers. Plus, newly minted Starbucks CEO Brian Niccol gets a hefty pay package, dubbing him the ‘LeBron James’ of restaurants. Lastly, Steve Ballmer’s $2B Inuit Dome, home of the LA Clippers, is set to open with a performance by Bruno Mars.  Checkout https://beehiiv.link/morning-brew-daily and get a 30 day free trial and also 20% off 3 months with code BREW  00:00 - Emergency Subway meeting 3:30 - Medicare savings 8:10 - Walmart keeps its crown 12:00 - Grok is running amok 16:12 - FTC wants no fakes 20:00 - Starbucks Big Bucks 23:30 - Inuit Dome is here Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316  Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Don't just ride the index, seek to outperform it with Fidelity active EDFs.

0:04.5

Learn more at Fidelity.com slash active EDFs.

0:07.5

Before investing in any exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses.

0:13.0

Contact fidelity for a prospectus and offering circular,

0:15.7

or if available a summary prospectus containing this information.

0:18.6

Read it carefully.

0:19.5

While active EDFs offer the potential to outperform an index,

0:22.3

these products may more significantly trail an index as compared. E. T. T. F.s. A. T. T. T. T. T. T. F. F.

0:26.2

F. F. F. R. R. R. R. E. C. S. I.

0:30.3

Good morning. B. D. D. A. M. M. Freiman and I'm Kyle Hagee.

0:35.1

Today why Mickey Mouse committing unspeakable acts is blowing up your Twitter feed.

0:40.2

And why your favorite influencers follower account might be going down soon, today is Friday, August 16th, let's ride.

0:52.0

Trouble is brewing in the land of the sweet onion chicken teriyaki.

0:57.0

According to the New York Post, subway held what was described as an emergency meeting yesterday

1:02.1

with franchisees at its sub shops to strategize how to reverse

1:06.0

following sales and win back market share. The company pushed back on the idea that this was an

1:10.9

emergency meeting, but maybe it should have been.

1:14.0

Subway franchisees told the post that sales in recent weeks are down 10% from the previous year

1:19.6

while heavy discounts and promotions are eating into profits.

1:23.0

Big nationwide TV ads featuring Steph Curry and Charles Barclay

1:26.9

do not appear to be moving the needle,

1:29.0

nor do new menu items like $3 hot dipper snacks. Kyle what is your plan to fix

...

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