Morning Brew Daily AI Music is Catching On & Businesses Have a Penny Problem
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Oct 31, 2025 The discussion kicks off with Apple's stellar earnings driven by the iPhone 17, while Amazon's cloud services see impressive growth. A conversation on the disappearance of pennies raises questions about change practices for businesses. AI-generated music is booming, with a popular platform now valued at $2 billion. Additionally, the trend of GLP-1 drugs is linked to declining obesity rates in the U.S. A humorous mix-up occurs when a British reporter interviews the wrong Bill de Blasio, adding a lighthearted twist.
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iPhone 17 Drives Revenue Rebound
- Apple beat expectations with $103B thanks to renewed iPhone 17 demand and growing services revenue.
- Services surpassed $100B annual revenue, showing Apple's business beyond hardware is strengthening.
AWS Rekindles Amazon's Momentum
- Amazon posted strong results, led by AWS growing 20% and rising demand for AI offerings.
- The stock jumped 13% as investors reassessed AWS's growth and capacity to capture AI cloud spend.
Penny Stop Causes Checkout Chaos
- The Mint stopped issuing pennies, creating supply shortages at retailers and forcing exact-change requests.
- Retailers face lost revenue from rounding down and are lobbying Congress for clear rounding rules to the nearest nickel.