Motley Fool Money Weight-Loss Drugs and Coca-Cola
Oct 24, 2023
Bill Barker, an investment analyst, dives into General Motors' latest earnings and its negotiations with United Auto Workers, illustrating why CEO turnover is at a record high. He also discusses Coca-Cola's strong market performance amid changing consumer behavior due to weight-loss drugs. Robert Brokamp shares essential retirement planning strategies, emphasizing the need for flexibility and diversified income sources while adding a lighthearted look at retirement myths. Together, they unpack the challenges and trends shaping the future of both industries.
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Strike Negotiation Tactics
- Both GM and the UAW are framing data to support their positions in the strike.
- The UAW says GM's offer trails Ford's, citing weaker 401k contributions and other shortcomings.
GM's EV Strategy Shift
- GM is slowing EV production in North America to protect pricing and improve engineering efficiencies.
- This response acknowledges slower demand and competition, especially from Tesla's price cuts.
Coca-Cola's Strong Performance
- Coca-Cola's organic sales are up 11% year over year, driven by higher prices and increased volume.
- The company raised its full-year guidance, with CEO James Quincey anticipating moderating price increases.