People are overdosing on coffee☕️
This Week in Review☕️ : Elon Musk and Tesla head to India | On Running and Hoka sneakers dominate the market | Harvard will now require SATs for incoming applicants | Iran attack on Israel shakes the
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Quick Bites:
Food & Drink ☕️ : Coffee consumption is at its highest in more than 20 years, Bloomberg reports.
Bloomberg ALSO reported that "Decaf is the hottest thing in coffee right now"
We just want to clarify: There is a time and place for decaf. Never and in the trash.
More than two-thirds of US adults said they drank coffee in the past day, the highest level in over 2 decades, according to the National Coffee Association.
Preferences have also shifted, as the number of people preferring ready-to-drink coffee has nearly doubled from a year ago.
Umm no sh*t.. We mfs sleepy and stressed out 😰
There are 4 seasons:
💡Iced coffee
💡Iced coffee without judgement
💡Iced coffee with gloves on
💡Iced coffee with fingers frozen
Our Thoughts💡:
Our daily morning order at Starbucks:
1 Venti Iced Caramel Macchiato 🥰🥹🍯🧋:
Iced
Light ice
Vanilla Bean Powder
2 Splenda
8 Shots
Long shot
3 pumps Caramel Sauce
4 pumps Caramel Syrup
2 pumps Honey Blend
Extra Caramel Drizzle
Almond Milk
Vanilla Cold Foam
Extra Whip
Blonde
Business 🚗 : Elon Musk & Tesla head to India next week.
Musk says he is "looking forward to meeting with Prime Minister Narendra Modi".
Umm @Elon.. Don't forget to meet the Albert Einstein of our generation, Rahul Gandhi👇🏻
Musk is expected to announce a new Tesla factory and wider investment in the country of around $2 billion, Reuters reports.
Background: Last month, India introduced a new policy lowering import taxes on some electric vehicles from 100% to 15%- if the manufacturer invests at least $500 million and sets up a factory in the country.
That move came after lobbying from Tesla, which has wanted to enter the Indian market since 2021, Reuters.
Welcome to India Tesla. Our infrastructure and traffic will definitely test your algorithms!
PS. 3 massive global wins for Indians recently:
💡Apple to move half of its supply chain from China to India
💡Elon Musk's visit this month
💡Fitch degrading outlook on China to negative
Key Highlights:
💡With over 1.4 billion people, India is one of the world's biggest potential markets for sustainable mobility
💡India's EV market is small but growing and dominated by local carmaker "Tata Motors"
💡EVs made up just 2% of total car sales in 2023. The government is targeting 30% by 2030
💡Tesla expanding into India also comes amid intensifying competition from Chinese carmakers
According to Bloomberg, India's southern state of Tamil Nadu is planning to aggressively pitch itself as the manufacturing site for Tesla.
The government has also announced attractive new EV policies with tax benefits and incentives for global automakers to "Make in India."
Musk said this week on X:
"India should have electric cars like every other country has electric cars. It's a natural progression to provide Tesla in India.”
Education 📚: Harvard wants SAT scores again, after backtracking from an earlier decision that made testing optional for several years, Bloomberg.
Harvard University is the latest Ivy league to backtrack after Yale and Dartmouth reinstated SATs earlier this year in February.
PS. If you need to defer the SATs, we will be selling raw chicken breast which can be consumed for instant food poisoning on 4th floor CVS tomorrow from 1 to 5 pm
Tell NO ONE 🤐
Those opposed to standardized tests have long argued that they aggravate inequality, since wealthier families can invest in tutors and other test prep.
But the schools argue the SAT and ACT actually help them find less-privileged students who show promise, Bloomberg reports.
“For our increasingly large pool outside the US, we need some way in a standardised framing to get more data."
"The pandemic imprint is ending. I have a feeling in the next six months, colleges will begin to reactivate tests or stay permanently optional.”
-Lee Coffin, Dartmouth’s dean of admissions
Ugh we’re sick of numbers defining us:
💡Our GPA
💡Our SAT score
💡Our weight
💡Our DUIs
💡Our 1st degree murder charges
These things are NOT who we are🖕🏻
Sports 👟 : Nike CEO blames remote work for lack of innovation.
The iconic sports brand known for the phrase "Just Do It", well, is not doing it.
“It’s really hard to develop a disruptive shoe on Zoom.”
Nike CEO John Donahoe
What's Nike pissed about? They been making the same sneakers since 1985 in different colors and changing the position of the logo.. very disruptive🙄
Also, we hate to break it to you. There's only so much you can do with a sneaker and a cap with a check mark on it 🤷🏻♀️
Key Highlights, according to CNBC:
💡Nike employees worked from home for 2.5 years
💡Employees only returned to the office 18 months ago
💡Since then, the company has been “ruthlessly focused on rebuilding our disruptive innovation pipeline"
💡Nike announced a $2 billion plan to cut costs in December followed by 1,500 layoffs two months later
Nike has been under pressure for lack of innovation and for losing market share to newer competitors like On Running and Hoka.
However, despite intensifying competition, Nike says fresh product drops are coming and Nike is still “gaining share” in the sportswear market.
Business 💻 : Adam Neumann, former CEO of WeWork, bids to buy back the company for $500 million, CNBC reports.
Despite being pushed out of the company in 2019, Neumann is still worth $2.2 billion as of this year.
Neumann’s 2024 Strategy:
Continue finding rich idiots to invest to build a massive money pit where your wife fires employees because they have the wrong astrological sign, and then make them pay you a billion to leave
Neumann on potentially acquiring WeWork again:
"So, I think something maybe people confuse about WeWork, it’s only declared bankruptcy in the US, not globally. WeWork has a lot of global places where it’s very profitable, like Israel, India and a lot of European cities."
WeWork.. A perfect storm of a mesmerising leader, cheap money, an obsession with being a tech company and an unrealistic optimism that growth will make up for a gazillion losses..
Meanwhile, Masayoshi Son, CEO of SoftBank, who lost $16 BILLION investing in the co-working startup, watching Neumann talk about buying back the entire company for less than 5% 👇🏻🤬
Quicker Bites:
Iran launches drones towards Israel in retaliation.
Several countries including Belgium and Canada have halted arms deal with Israel.
Fashion designer Roberto Cavalli dies at 83 years old.
Tesla to lay off over 10% of global workforce.
OpenAI opens its 1st office in Japan.
Meta wants its VR tech in schools.
Singapore Prime Minister to step down after a 2-decade long run.