This chapter explores Subway's recent struggles with a 10% sales decline and discusses the franchisees' emergency meeting aimed at developing strategies to reclaim market share. It highlights ineffective advertising and product launches while suggesting potential revitalization solutions, humorously acknowledging the challenges of overhauling the brand despite celebrity endorsements.
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.
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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
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