The Market Minute

From the new weight loss drugs that are vying for a share of the billion-dollar market, to the latest Marvel movie that is struggling at the box office, to the electric vehicle company that is delaying its earnings report.

Shein bought the british fast fashion company, misguided. Pharmacy staff walk out again. FNAF is the 2nd highest grossing gaming related movie.

Krispy Kreme appears to be selling its shares in Insomniac Cookies to focus on their business only. Macy's is opening up single stores to combat the declining popularity of malls. AMC Entertainment is planning a release for a Beyoncé documentary. Manhattan apartment sales declined due to a shortage and mortgage rates. Chipotle is bringing automation to their restaurants' kitchens. Mortgage rates are as high as ever. Novavax's newest COVID vaccine enters the market. United Airlines bought new planes. General Motors has not seen an impact on their sales yet due to the Auto Workers' strike in Detroit.

Sphere Entertainment experienced a rise in stock value after the successful launch of its futuristic dome-shaped arena in Las Vegas. Fast-food restaurants have been using technology and additional lanes to decrease drive-thru wait times. Rivian Automotive announced record electric vehicle deliveries and cost-saving measures. Dish Network reached a settlement with the FCC for mishandling a satellite. The parent company of Oddity Tech, which includes Il Makiage, anticipates strong revenue growth with the implementation of AI in product development. Late-night TV hosts returned to their shows as the Hollywood writers' strike came to an end. Pharmaceutical companies agreed to participate in Medicare drug price negotiations.

Hollywood writers ended a 150-day strike today, Blue Origin appoints a new CEO, and Sierra Space secured $300 million dollars.

Starbucks' newest lawsuit is about how some of their products don't actually contain fruit at all in the drinks. A strike threatens Mercedes - Benz' production in Alabama. WWE is coming to NBC, a deal worth over millions. Splunk was sold to Cisco, a deal worth over 28 billion dollars, making both companies some of the largest software companies in the world.

Is this the end to companies manufacturing products in China? Where are companies moving to? Also in this episode... An EV company is investing in Indonesian factories, and so are these 2 other companies.