Brew Markets lululemon Leadership Drama & Trump Waives 100-Year-Old Maritime Law
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Mar 18, 2026 A 60-day waiver of a century-old U.S. shipping law and its impact on fuel shipments and oil markets. A corporate power struggle shaking up lululemon’s leadership and boardroom drama. Meta winding down its virtual world as it pivots away from the metaverse. Recap of a women-and-wealth event and quick market updates on interest rates, producer prices, and retail and consumer earnings.
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Jones Act Waiver Aimed To Ease Energy Supply Crunch
- The White House waived the 100-year-old Jones Act for 60 days to allow foreign ships to deliver fuel to East Coast refineries.
- The move aims to ease oil, gas, fertilizer and coal flows after Iran-related spikes, but Brent crude still surged near $109 a barrel.
Lululemon Succession Crisis Undercuts Brand Momentum
- Lululemon faces a costly succession and governance crisis with three CEOs leaving without a named successor and same-store sales stagnant in the Americas.
- Founder Chip Wilson and activist Elliott are pressuring for board change and a new CEO like Jane Nielsen while the board added Levi's veteran Chip Bergh.
Interim Co-CEOs Create Awkward Audition Dynamic
- Co-interim CEOs CFO Megan Frank and CCO Andre Mastrini create an awkward audition dynamic during a prolonged CEO search.
- Interim promotion pressures morale and raises questions about reintegration if an external CEO is later hired.