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Morning Brew Daily
Why Car Buying is About to Get Harder & Delta Loyalty is for the Rich
Sep 15, 2023
23:30
Snipd AI
Podcast discusses UAW strike, IPO buzz on Wall Street, Libya's dam maintenance, Delta's loyalty changes, and fundraising for Hollywood production workers.
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Quick takeaways
- The UAW strike against the Detroit automakers is causing chaos in the auto industry and US economy without depleting the Union strike fund.
- ARM's successful IPO highlights its unique business model focused on designing and licensing intellectual property, although some experts express concerns about its high price-earnings multiple compared to NVIDIA.
Deep dives
Auto workers strike against Detroit automakers
The United Auto Workers Union has initiated a historic strike against the big three Detroit automakers: GM, Ford, and Stellantis. This is the first simultaneous strike at all three companies, involving 13,000 employees at specific factories. The strategy is to cause maximum chaos without depleting the Union strike fund, as strikes at single plants could eventually disrupt the entire auto factory system.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode