Morning Brew Daily Need to Know Earnings Roundup & UK blocks $69B Microsoft-Activision Deal
Apr 26, 2023
This week covers a whirlwind of earnings reports from giants like Microsoft and McDonald's, revealing key trends across various sectors. The UK blocks Microsoft's $75 billion acquisition of Activision Blizzard, raising complexity in market fairness. Millennials grapple with financial anxieties and high cash reserves, potentially missing investment opportunities. Plus, the podcast explores the surge in melatonin supplement use linked to modern sleep issues, and highlights the lucrative nature of 2023's internships in tech and finance.
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McDonald's Fries and Inflation
- McDonald's customers are ordering fewer fries due to inflation's impact.
- This suggests McDonald's may struggle to keep raising prices while retaining customers.
Chipotle's Avocado Advantage
- Lower avocado prices, thanks to a large harvest, have boosted Chipotle's profits.
- Chipotle is capitalizing on viral TikTok trends, adding items like the fajita quesadilla to its menu.
Coke vs. Gatorade
- Coke's attempts to challenge Gatorade with Bodyarmor and Powerade have failed.
- They face new competition from influencer-backed drinks like Prime Hydration.