Morning Brew Daily Why Ketamine Startups are Struggling & Travis Kelce is King of Game-Day Ads
Dec 18, 2023
Uber’s recent inclusion in the S&P 500 highlights a significant turnaround for the company. Meanwhile, ketamine startups are facing challenges after tragedy struck the industry. Costco's surprising gold bar sales have raised eyebrows, while Travis Kelce's influence in game-day ads showcases the power of celebrity endorsements. As Weight Watchers pivots to accommodate new weight loss drugs, Netflix teases possible returns of fan-favorite shows. The dynamic nature of tech and retail trends keeps listeners engaged with the ever-evolving market landscape.
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Uber's Transformation
- Uber, once known for burning cash, has joined the S&P 500.
- This move signifies its financial turnaround and growth under CEO Dara Khosrowshahi.
S&P 500 Concentration
- The "Magnificent Seven" stocks (Apple, Microsoft, NVIDIA, Tesla, Alphabet, Meta, Amazon) heavily influence the S&P 500's performance.
- These seven companies account for almost 30% of the index's total value.
Ketamine Concerns
- Matthew Perry's death from ketamine highlights the risks of at-home ketamine treatment.
- This incident raises concerns about the unsupervised use of ketamine for depression.