The chapter explores Mattel's positive financial performance in the first quarter, driven by Hot Wheels' sales growth and cost-reduction efforts. It delves into the company's plans for the future, emphasizing the evolution of successful toy brands into entertainment ventures like movies and digital experiences. Mattel's strategies for brand expansion, engaging fans, and upcoming product launches from Fisher Price are also detailed in the discussion.
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Bloomberg Technology Co-Host Ed Ludlow discusses Tesla easing concerns about disappointing earnings results and diminished growth by vowing to launch less-expensive vehicles as soon as late this year. Bloomberg News Projects and Investigations Reporter Zach Mider shares the details of his Businessweek story A Hedge Fund Billionaire's Cash Helped Fund 'Predatory' Lender. Mike Brown, President and CEO of Travel + Leisure Co., talks about the company's earnings and the growing demand for travel. Mattel CEO Ynon Kreiz chats about the toymaker's earnings and growth strategy. And we Drive to the Close with Liz Ann Sonders, Chief Investment Strategist at Charles Schwab.
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