S&P 500 units a landmark report: The S&P 500 closed above 5,000 for the primary time ever on Friday, that means that the markets will open at a brand new high-water mark subsequent week. Large Tech firms together with Nvidia, Microsoft, and Amazon are driving the rally as buzz round AI know-how continues. The brand new report excessive comes regardless of indicators from the Fed that nationwide rates of interest are unlikely to drop as quickly as merchants had hoped—pointing to a gradual sense of financial optimism on Wall Avenue. “A much less emotional market is a optimistic signal, although traders should struggle in opposition to the complacency that could be a pure response to such a robust and regular bull run,” stated Mark Hackett, Nationwide’s chief of funding analysis. Full story.
The most effective and worst Tremendous Bowl advertisements: Quick Firm editor Jeff Beer weighs within the advertising winners and losers from final evening’s 25-22 Chiefs victory over the 49ers. In his view, Paramount+, Dunkin, Uber Eats, Hellmann’s, Bud Mild, and Kawasaki are Tremendous Bowl advert winners whereas Michelob Extremely disillusioned. Learn his 2024 Super Bowl ad scorecard here. What’s extra, Jeff takes a glance again on the largest Tremendous Bowl promoting flops in latest historical past—and so they’re fairly unhealthy. From a cringe-worthy try to make Mr. Peanut culturally related to a tone-deaf truck advert that includes a voice-over from Dr. Martin Luther King Jr., these examples function cautionary tales for advertising professionals in all places. Full story.
Ozempic and Mounjaro are only the start: Weight reduction and diabetes medication have been exploding on the market (and within the public consciousness) for years, spearheaded by the pharmaceutical giants Novo Nordisk and Eli Lilly. Now, different firms need in. To fulfill rising demand and supply extra accessible alternate options, lesser-known gamers like Viking Therapeutics are forging forward with their very own drug improvement. There are 486 lively research of GLP-1 medication and their results at present listed within the federal ClinicalTrials.gov database, and researchers from JPMorgan predict that the worldwide marketplace for weight problems medication might attain $71 billion by 2032. Full story.
The workplace communication hole is widening: New research from Preply and Let’s Develop Leaders have revealed that office miscommunication is barely getting worse. The outcomes level to an more and more fragmented multi-generational workforce utilizing too many alternative communication platforms as a supply of conflicts. Full story.
EV gross sales poised to develop: Pessimism concerning the EV market has been on the rise, with many naysayers citing Ford’s drop in EV gross sales this January as a nasty omen—however analysts predict the market will really enhance in 2024. U.S. automotive forecasts from AutoPacific, Cox, and S&P International Mobility present will increase in EV gross sales starting from about 20%, from AutoPacific, to greater than 30% from the others, in comparison with the prior 12 months. Whereas EVs will nonetheless have to beat important hurdles, like the present lack of charging infrastructure, the numbers ought to choose up after the auto trade’s sluggish season involves an in depth. Full story.
Self-care for CEOs is extra essential than ever: The teaching agency Challenger, Grey & Christmas, which has been monitoring CEO exits since 2002, discovered that 2023 marked the very best turnover fee they’d seen since they began amassing information. Final 12 months, 1,914 chief government officers left their posts, and 19 of these died on the job. In response to Stephanie Mehta, CEO of Mansueto Ventures, these regarding numbers present simply how critical CEO burnout could be—and display the rising necessity of leaders embracing self-care. Full story.
An unique interview with Lululemon’s CEO: Since signing on because the CEO of Lululemon 5 years in the past, Calvin McDonald has tripled the activewear large’s income and quadrupled its worldwide footprint. However inside the previous couple of months, his firm has come beneath fireplace following stories that its company tradition was unwelcoming of Black individuals and a press release from its founder, Chip Wilson, that Wilson didn’t like the corporate’s “complete range and inclusion factor.” McDonald sat down with Quick Firm to debate the impression of Wilson’s remarks, plans to make Lululemon’s tradition extra inclusive, and the corporate’s spectacular progress. Full story.
