Amazon's entry into Dow reflects index adapting to tech-driven market changes.
Deep dives
Decoding Sperm Whales' Communication
Scientists are working on decoding the clicking sequences, known as codas, that sperm whales use to communicate. By decoding these clicks with tech breakthroughs, humans may eventually converse with them, potentially bridging a long evolutionary gap.
FTC Blocks Kroger-Albertsons Merger
The FTC filed a lawsuit to block the $25 billion merger between Kroger and Albertsons, citing concerns about increased food prices and reduced union bargaining power. The merger aims to compete against market giants like Walmart and Amazon, sparking debates about competition and market dynamics.
Amazon Enters Dow Jones Industrial Average
Amazon's inclusion in the Dow Jones Industrial Average marks an attempt by the index to adapt to the tech-dominated market. The move reflects the Dow's efforts to keep pace with the broader S&P 500 and maintain relevance by accommodating industry shifts and reflecting market changes.
Episode 267: Neal and Toby explain why the FTC is suing to block another major merger, this time between two grocery giants. Plus BYD enters the luxury car game while also rolling our a $15,000 model that is putting auto makers on notice. Next up, Samsung is putting big money into the Galaxy Ring and Toby shares his favorite trends. Finally, why are there so many car washes? And Amazon finally joins the Dow.
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