Morning Brew Daily US Drug Shortage Hits Record High & Apple Loses Crown to Samsung
8 snips
Apr 16, 2024 A worrying drug shortage crisis is shaking the U.S. healthcare system, with historic highs in medication scarcity impacting patients. Meanwhile, Tesla struggles with layoffs while Apple loses ground to competitors in the smartphone arena. Baby boomers are holding onto their low-rate mortgages, leaving millennials in a tight housing market. Ghost kitchens are fading from popularity, and cats are stepping into the limelight in Hollywood, challenging traditional stereotypes. It's a mix of challenges and changes shaping today's landscape!
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Drug Shortage Crisis
- US drug shortages are at a record high, impacting various drug classes, including essential medications.
- The causes are multifaceted, from manufacturing shutdowns and supply chain issues to misaligned profit incentives, making it difficult to find solutions.
Tesla's Layoffs
- Tesla is laying off 10% of its workforce following a disappointing quarter with missed delivery estimates and declining sales.
- The company claims to be preparing for a new growth phase with upcoming models, but the EV market is experiencing a slowdown.
Apple's Shipment Slump
- Apple lost its top spot in the smartphone market to Samsung due to a 10% drop in iPhone shipments, its steepest decline since COVID lockdowns.
- This contrasts with the overall smartphone market's growth, and Apple faces increasing competition, particularly in China.
