Morning Brew Daily The Mega Deal Changing Snacking & Elon Musk's 'Demons'
Sep 12, 2023
Discover the snack industry’s shake-up with Smucker's massive acquisition of Hostess, sparking ideas like PB&J Twinkies. Peek into the complex persona of Elon Musk as his biography reveals surprising details. Explore Kim Jong-un's fascination with his luxurious armored train that feels like a cruise ship. Uncover trends around a budget version of Ozempic and its real effects. Plus, get the scoop on the launch of the iPhone 15 and delve into unique releases like a Catan Cookbook that are changing the market.
AI Snips
Chapters
Books
Transcript
Episode notes
Snack Brand Merger
- J.M. Smucker, known for jellies and Folgers, acquired Hostess Brands for $5.6 billion.
- This merger combines iconic snack brands like Twinkies and Snowballs with Smucker's products.
Snacking Boom
- The snack food industry is booming, with Hostess revenues increasing by 50% from 2019 to 2022.
- Smucker's indulgent snack lines are outpacing their healthier options by 20%.
Elon Musk's Ambition
- Elon Musk's biography reveals his ambition to be a pivotal figure in human history, likening himself to a comic book character.
- He believes he's essential for spacefaring civilization while electric cars were inevitable.
