The podcast covers various news items including top ten deep value stocks for 2024, an interview with the CEO of Costco, Apple no longer selling Apple Watch, the cancellation of the Adobe and Figma deal, and the sentencing of Trevor Milton, the former Nikola CEO.
Apple has halted sales of the Apple Watch due to a patent dispute, affecting its stock price.
Costco's CEO emphasizes the company's employee-focused culture and positive outlook for future growth.
Deep dives
Apple halts sales of Apple Watch due to patent dispute
Apple has temporarily halted sales of its Apple Watch due to a patent dispute with Massimo, the maker of pulse oximeter technology. The import ban resulting from the dispute gives the Biden administration 60 days to review the ruling. This news has caused Apple's stock price to decrease by 1.2%.
Costco's CEO emphasizes the company's values and success
Costco's CEO discusses the company's culture of prioritizing employee wages and benefits while focusing on selling high volumes of products. He highlights the importance of long-term thinking and the benefits of having a deep bench of experienced employees. The CEO also mentions the company's successful stock growth and expresses his positive outlook for the future.
Adobe and Figma call off $20 billion merger
Regulatory scrutiny has led to the cancellation of the $20 billion merger between Adobe and Figma. While some view this as a missed opportunity for Adobe to acquire a growing competitor in the design software space, others believe the deal was overpriced. The cancellation may have an impact on Adobe's future competitiveness in the market.
Trevor Milton sentenced to four years for defrauding investors
Trevor Milton, the former CEO of Nikola, has been sentenced to four years in prison for defrauding investors. Milton misled ordinary investors by making false claims about Nikola's product capabilities and sales orders. The sentencing has received mixed reactions, with some considering it too lenient given the scale of the fraud.