Luxurious Butter🥛

This Week in Review ☕️ : Elon vs Twitter | Dairy becomes a Luxury Household Item | Inflation hits Groceries worldwide | People have Gained Weight over the pandemic | Key findings on staying Fit

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Quick Bites:

Tech 📲 : Elon Musk pulls out!
Elon Musk has officially terminated his $44bn deal to buy Twitter. Shares fell by more than 7% yesterday.

Personally, we're shocked. We didn't think Musk was capable of pulling out of anything.. 🙈

PS. The people who believed Elon was actually going to buy Twitter are the same people still waiting on Donald Trump's healthcare plan.

Keep waiting .......

💡Elon's lawyers: Twitter has not provided information on its “process for auditing the inclusion of spam and fake accounts” in spite of repeated requests"

💡Twitter's response: CEO Parag Agrawal said he is “willing to go to war” to make Musk follow through on the takeover, in an interview to the Financial Times

Our Thoughts💡: So, it's going to cost Elon $1bn NOT to buy Twitter. What does that tell you?

Tax.the.F**king.Rich

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Food 🥑 : It's no surprise that inflation has led the cost of living to skyrocket. But to see basic butter hit almost £10 is just ridiculous.

Shoppers were left dismayed after a pack of Lurpak butter was seen on sale for £9.35 in UK supermarkets, The Independent reports.

Folks already have to deal with an unstable government, a choppy stock market, unchecked illegal immigration, sky-high electricity bills and a proxy war in Europe. And to top it off, a tub of butter is now gonna cost 3x ?!

Good riddance, Boris 👋

The dairy staple is turning into a luxury item- enough so that some supermarkets are stamping tubs with security tags to avoid theft, Bloomberg reports. 

Inflation is the highest level in 4 decades, and way above the Bank of England’s 2% target.
It is also the highest inflation rate in the G7.

Leading supermarket chains have commented on the living crisis:

💡Sainsbury's CEO Simon Roberts warned the public that the "pressure on household budgets will only intensify over the year"

💡Morrisons has seen a drop in sales, citing "ongoing inflationary pressure and an increasingly subdued consumer sentiment"

💡Tesco recently said its customers were buying fewer items and opting for cheaper own-label products.

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Fitness 🏋️‍♂️ : Good news for those hitting the office again. Cramming your week-long exercise over the weekend is enough to stay fit and healthy, new research suggests. 

Seems like when it comes to fitness- consistency beats regularity.

US researchers tracked 350,000 people over 10 years to come up with the findings.
Key highlights, according to BBC:

💡There was no significant difference in death rates between “weekend warriors”, who do upto 2 workouts a week, and those who are “regularly active”, exercising three or more times a week.

💡Both groups experience similar health benefits if they do the recommended 150 minutes of moderate exercise each week

💡The alternative is 75 minutes of vigorous activity every week such as HIIT or hill-sprinting

The NHS also recommended people not to stay seated for extended periods of time to avoid weight gain.

This comes as WSJ reported- since the onset of Covid-19, over 40% of US adults have gained weight- 29 lbs on average.

Moreover, according to MarketData, the overall US Diet Industry reached a new peak of $78bn in 2019, but lost 21% of it's value in 2020.

No sh*t! With zero parties/ weddings/ summer vacays the past 2 years, the closest we got to Bikini season was scrolling through Conde Nast on Instagram

Our Thoughts💡: We mean, it definitely didn't help that Krispy Kreme, Budweiser and Nathan's Hot Dogs were offering free doughnuts, beer and weiners to anyone who got the jam. 

Which, tbh, is fantastic news for anyone who wanted to avoid the virus but still had an obesity wish.

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Quicker Bites: 

• Boris Johnson announces resignation.

• Ukraine prepares for fresh Russian assault, West braces for worsening energy crisis.

• Sri Lankan President officially says he will resign after protests at his residence.

• There is no evidence that Covid-19 vaccines cause male fertility problems.

• Amazon Prime Day is around the corner.

• Wildlife near Yosemite National Park threatens its largest grove of Sequoia trees.

• Subway can be sued over its tuna, US judge rules.

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