Morning Brew Daily Industries React to Trump Tariffs & Drake-Kendrick Beef Goes to Court
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Nov 27, 2024 The discussion highlights the implications of Trump's broad tariffs on imports, sparking concerns over rising consumer prices. The Biden administration's plan to expand Medicare to cover weight-loss drugs adds another layer to healthcare debates. In the music industry, Drake's legal battles with his label over airplay favoritism towards Kendrick Lamar create buzz. Additionally, the conversation touches on the fallout from Macy's accounting scandal, the rise of Rocket Lab in the space sector, and the evolving tech landscape as AI skills become essential.
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Potential Trade War 3.0?
- Donald Trump plans to impose tariffs on goods from China, Mexico, and Canada if re-elected.
- This could increase prices on everyday items for Americans.
Macy's Accounting Mystery
- A Macy's employee hid $154 million in delivery expenses, causing the company to delay its earnings report.
- The employee did not steal the money, raising questions about Macy's auditing practices.
California's EV Countermove
- California Governor Gavin Newsom plans to reinstate state EV rebates if Trump removes the federal tax credit.
- This move aims to maintain California's position as a leader in the EV market.