Millions of Bets Flood in on 2024 US Election & Pharmacy Giants are Shrinking

Morning Brew Daily

Morning Brew

Business News, News, Business

4.4 • 3K Ratings

🗓️ 16 October 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 432: Neal and Toby discuss the huge influx of bets being made on the US presidential election and why the lifted ban on prediction markets is huge. Then, Walgreens is closing up 1,200 stores, joining a growing number of pharmacies shutting down as payments for prescription drugs are drying up. Next, the highly anticipated ‘Joker’ sequel, which cost $200M to make, is struggling to break even at the box office. Plus, the Victoria’s Secret Fashion Show is back after going into complete overhaul since its string of controversies. Meanwhile, the Las Vegas Sphere will get a twin as a new Sphere will be built in Abu Dhabi. Lastly, Boston’s Women’s Soccer team has a brand new name that breaks normal naming conventions of sports teams. 00:00 - Jane Street interns paid $250K/yr!? 3:15 - Prediction markets are surging 8:30 - Walgreens struggles to keep up 12:50 - Joker 2 is Hollywood’s latest flop 18:50 - Victoria’s Secret Fashion Show is back 22:10 - Las Vegas Sphere gets a twin 25:45 - Boston’ newest sports team gets its name Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Check out the new Wendy’s Breakfast Burrito! Visit https://www.wendys.com/morningbrew for more! Join us at our trivia night! Visit morningbrew.com/events to register 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	Turning an idea into a small business doesn't happen by accident.
0:03.6	You need to be all in. At constant contact, we have the digital marketing tools you need to get the word out,
0:09.2	close the sale, raise the funds, and gather a community around this thing you've built.
0:13.6	So let's do this together.
0:15.1	Let's send this, share this, and shout this from the rooftops.
0:18.2	Let's segment this, automate this, and AI this for real results fast.
0:22.8	Let's get out of this what we put into this.
0:24.5	Let's build this, let's grow this, let's win this.
0:27.3	Get started today at constant contact.com.
0:31.2	Good morning Brew Daily Show. I'm Neil Freiman and I'm Toby Howell today why
0:35.6	Joker 2 became one of the biggest flops in recent box office history then the
0:40.3	Las Vegas sphere is getting a twin in Abu Davi,
0:43.2	so I guess what happens in Vegas doesn't stay in Vegas.
0:46.5	It's Wednesday, October 16th.
0:48.5	Let's ride.
0:49.8	Kids, it is never too early to start thinking about next summer's internship, and those of you
0:59.1	with full-time jobs might want to consider this one as well.
1:02.8	Chain Street Capital, the quantitative trading firm
1:06.0	where Sam Bankman Freed used to work,
1:08.0	posted an opening for a research internship
1:11.0	with a base salary of $250,000.
1:15.0	As the Financial Times pointed out, that's more than the salary of the UK Prime
	...

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