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☆ Oscar Mayer’s Wienermobile is getting a new name
▼ + stars: | 2023-05-17 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Oscar Mayer’s Wienermobile is driving off into the sunset. Oscar Mayer says the new Frankmobile name “pays homage” to the new recipe for its hot dogs rolling out this summer. The brand’s new recipe for hot dogs represents the first change to Oscar Mayer’s franks in six years. Oscar Mayer, owned by Kraft Heinz (KHC), has often used cheeky marketing tactics to attract attention to its packaged products. Kraft wrote down the value of its Kraft and Oscar Mayer brands in 2019 by $15 billion because consumers have shifted their preferences away from processed foods.

☆ Kraft Heinz unveils customizable sauce dispenser with more than 200 condiment combos for restaurants
▼ + stars: | 2023-05-17 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Now, Kraft Heinz wants to offer customers more than three times that number of condiment options through a new customizable sauce dispenser, created for food-service clients. The machine, called the Heinz Remix, is the latest example of Kraft Heinz leaning into its away-from-home segment to grow sales. In the first quarter, Kraft Heinz's North American food service division reported sales growth of more than 25%. In its latest quarter, Kraft Heinz reported North American sales grew by 6.2% as higher prices offset shrinking demand from inflation-weary shoppers. Shares of Kraft Heinz have fallen 3% this year, giving it a market value of $48.5 billion.

☆ Is Twitter's new CEO, Linda Yaccarino, being set up to fall off the 'glass cliff'?
▼ + stars: | 2023-05-16 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Elon Musk appointed Linda Yaccarino, a former NBCUniversal exec, to succeed him as CEO of Twitter. Amid Twitter's turmoil, some suggest that Yaccarino could fall prey to the so-called "glass cliff." While men often glide on a "glass escalator" to the corner office, women often confront a "glass ceiling." "I wish we were seen as good leaders in good times, too." I wish we were seen as good leaders in good times, too."

☆ Wikipedia cofounder slams Elon Musk for caving to Turkey's government and censoring tweets, says Wikipedia fought similar demands and won
▼ + stars: | 2023-05-15 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

Twitter announced it would "restrict access to some content in Turkey" right before the country's presidential election. Wikipedia cofounder Jimmy Wales criticized Twitter CEO Elon Musk's decision to restrict content. Twitter's Global Government Affairs account had tweeted about the changes ahead of Turkey's presidential election held on Sunday. Turkey's highest court determined that blocking the website was unconstitutional, and access to Wikipedia was restored in January 2020, The New York Times reported. Before Musk, Twitter agreed to around 50% of government requests.

☆ This couple moved to Alaska to start a dog sledding business. They now spend their days giving wilderness tours with their 32 dogs.
▼ + stars: | 2023-05-14 | by ( Grace Mayer | ) www.businessinsider.com time to read: +1 min

They decided to move from California to Alaska to start their own dog sled tour business. They spend their days leading tours, and taking care of their 32 sled dogs and their baby son. Their days are filled with wilderness tours and training and caring for their 32 sled dogs. Finding a dog sitter to look after 32 dogs, for example, has proved to be a challenging task for the couple in the past. But we've literally dedicated our entire life to having the sled dogs," Alyssa said.

☆ The body of an Arby's employee was found in a walk-in freezer at a Louisiana location — and police think it may have been an accident
▼ + stars: | 2023-05-12 | by ( Grace Mayer | ) www.businessinsider.com time to read: +2 min

A woman's body was found in a freezer at an Arby's in Louisiana Thursday evening. The woman who died was an employee at the Arby's restaurant in New Iberia, and her body was found by another employee, according to the spokesperson. Leland Laseter told told News 15. Hughes confirmed that the New Iberia Police Department would release an announcement with more information on the investigation later on Friday. The Arby's where the woman's body was found is located at 1120 E. Admiral Doyle Drive in New Iberia's Lagniappe Village shopping center, Hughes confirmed.

☆ Let the guessing game begin! Elon Musk's cryptic Twitter CEO tweet drives speculation — and plenty of joke theories
▼ + stars: | 2023-05-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Elon Musk offered few clues about Twitter's next CEO, besides that "she" will take over in weeks. The cryptic post drove plenty of people on Musk's platform to suggest possible contenders. One serious guess came from tech journalist Kara Swisher, who laid out her case and observations in a Twitter thread. An NBCUniversal spokesperson told Insider that Yaccarino was preparing for the Upfronts, an event where media companies pitch advertisers. Guesses included famous tech names, some quickly debunkedYou didn't have to look far on Twitter to see some famous tech names like Sheryl Sandberg, Marissa Mayer, or Susan Wojcicki being floated.

☆ Twitter’s new encrypted message feature criticized by security and privacy experts
▼ + stars: | 2023-05-11 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

In addition, encrypted messages may only be sent between two individuals, not groups. Both participants must either have exchanged direct messages in the past, or the recipient of an encrypted message must already follow the sender. Twitter’s former chief information security officer, Lea Kissner, publicly pleaded with Twitter’s current engineering team to improve the feature quickly. And it announced that its goal is to provide a similar level of protection as other privacy-preserving apps that come highly recommended by security experts, such as Signal. The lack of so-called end-to-end encryption makes Twitter’s implementation largely meaningless, security experts said.

☆ AI could rebuild the middle class, or in the worst-case scenario 'we use AI to kill each other,' says labor economist
▼ + stars: | 2023-05-11 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

Labor economist David Autor told NPR he believes AI could revitalize the middle class. "The good scenario is one where AI makes elite expertise cheaper and more accessible," Autor told NPR. "First of all, we live in the physical world, which most machines do not," Autor told NPR. "In my mind, I actually think the irony is that the labor market is the least scary part of this at the moment," Autor told NPR. Autor also said, in a worst-case scenario, "we use AI to kill each other" — echoing similar warnings from other researchers.

☆ A billionaire's top advice for success? Cut out toxic people
▼ + stars: | 2023-05-08 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

Berkshire CEO Warren Buffett and vice chairman Charlie Munger doled out business and life advice. Munger's "great lesson in life" is to cut out toxic people who can hinder your path to success. Munger, in particular, stressed that toxic people could hinder someone's path to success. And one in nine US workers have said they've experienced a toxic workplace. And if that toxic manager or employee doesn't seem to be changing, per Munger's advice, it may be time to cut them loose.

☆ A 32-hour work week helped this company's employees juggle self-care, side hustles, pets, and parenting 'without feeling like they're going to be penalized'
▼ + stars: | 2023-05-07 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

4-day work week trials have found a shortened work week can improve employees' work-life balance. vChief says its 4-day work week helps employees juggle jobs as parents, self-care, and side hustles. Niebauer said that the 4-day work week has helped the company with employee retention, and they've also attracted over-qualified candidates for the company's roles. "Without feeling like they're going to be penalized for it, without feeling like they're going to look like they're distracted at work." "I really believe that people shouldn't live their lives for work," Niebauer said.

☆ Ex-Yahoo CEO Marissa Mayer admits the company should have bought Netflix instead of Tumblr as it 'would have been a better acquisition'
▼ + stars: | 2023-05-06 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Yahoo should have acquired Netflix or Hulu instead of blogging platform Tumblr, she told Tech Brew. Morning Brew Insider recommends waking up with, a daily newsletter. In an interview with Tech Brew, Mayer reiterated that one of her regrets was hiring the wrong chief operating officer, Henrique De Castro, whom she fired after 15 months on the job. A source at the time told Insider Mayer was "very personally engaged in this deal," working late into numerous evenings. Mayer's biggest regret, however, was not making "the tax-free Alibaba spinoff to separate the assets of the company," she told Tech Brew.

☆ What boycott? Bud Light controversy led to only a 1% drop in global sales volume, CEO says
▼ + stars: | 2023-05-04 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

Anheuser-Busch's global CEO Michel Doukeris discussed the impact of recent Bud Light backlash. Doukeris said the drop in Bud Light sales represented only 1% of the company's global sales volume. Previously, the Wall Street Journal reported that Bud Light Sales dropped by 17% by mid-April, per data created by Bump Williams Consulting and analyzed by Nielsen. By April 22, Bud Light sales in US stores dropped 21% compared to the previous year, per the sales data analysis reported on by the Journal. Bud Light has also reportedly offered a free case of beer to every employee of its wholesale distributors.

☆ Switching to a 4-day work week got rid of this company's 'Sunday Scaries'
▼ + stars: | 2023-05-04 | by ( Grace Mayer | ) www.businessinsider.com time to read: +5 min

A 4-day work week could help employees say goodbye to their Sunday Scaries. But the company's experience also adds to the established litany of research, trials, and discourse around the 4-day work week. Qwick wasn't one of the companies that participated in the 4-day work week trial study that was published by 4 Day Week Global in December. To aid the company's growth, Qwick weighed the option of piloting a 4-day work week. After announcing its four-day work week trial, Kekic said Qwick saw a 230% increase in job applications.

☆ Even President Biden has tried ChatGPT
▼ + stars: | 2023-05-04 | by ( Grace Mayer | ) www.businessinsider.com time to read: +2 min

President Joe Biden has tried out ChatGPT, Axios reports. Buzz about ChatGPT is everywhere, and apparently President Joe Biden has even given the generative AI tool a try, Axios reports. In a piece published Thursday, Axios wrote that the publication had learned Biden had tried out ChatGPT. The CEOs of Alphabet, Anthropic, Microsoft, and OpenAI are set to meet with Vice President Kamala Harris and other White House officials on Thursday. While AI tech execs will likely be watching to see what comes of the White House meeting, the report that Biden has tried ChatGPT begs the question: What did Biden choose to ask the AI chatbot?

☆ PDD, Shein, Binance: These hugely successful companies were born in China. They don't want you to know that
▼ + stars: | 2023-05-04 | by ( Michelle Toh | ) edition.cnn.com time to read: +10 min

Hong Kong CNN —Binance, the world’s largest cryptocurrency exchange, doesn’t want to be called a Chinese company. “Our opposition in the West bends over backward to paint us as a ‘Chinese company,’” he wrote in a blog post last September. Zhao has been vocal about how he feels his firm is misrepresented as a "Chinese company." The same concern could, in theory, apply to any Chinese company. TikTok CEO Shou Chew testifying before US Congress in March.

☆ The Future of Everything Festival: AI’s Path Forward, Michelle Obama and More
▼ + stars: | 2023-05-04 | by ( Sunshine Contacts Ceo Marissa Mayer Believes Great Things Will Come Out Of Artificial Intelligence But Is Cautiously Optimistic. | Former Federal Reserve Vice Chair Richard Clarida Discussed The Challenge That Comes With The Fed Pausing Its Rate-Rise Campaign. | Google Deepmind Ceo Demis Hassabis Talked About Building Cognitive Function Within Ai. | ) www.wsj.com time to read: 1 min

“If you want to change the game, you can't just work from the outside. You’ve got to get inside.”Former first lady Michelle Obama on finding ways to change the food and beverage industry. Gary He for The Wall Street Journal

☆ The Future of Everything Festival: AI's Path Forward, Michelle Obama and More
▼ + stars: | 2023-05-04 | by ( Sunshine Contacts Ceo Marissa Mayer Believes Great Things Will Come Out Of Artificial Intelligence But Is Cautiously Optimistic. | Former Federal Reserve Vice Chair Richard Clarida Discussed The Challenge That Comes With The Fed Pausing Its Rate-Rise Campaign. | Google Deepmind Ceo Demis Hassabis Talked About Building Cognitive Function Within Ai. | ) www.wsj.com time to read: 1 min

☆ Bud Light is hoping free cases of beer will smooth over any tensions with its sellers after Dylan Mulvaney backlash
▼ + stars: | 2023-05-03 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

Bud Light has reportedly seen dips in sales since a promotion that featured a transgender influencer. Amid the backlash, the company is giving out free cases of beer to employees of its wholesalers. Anheuser-Busch, the company that owns Bud Light, is gifting a case of Bud Light to all employees who work with the company's wholesale distributors, the Journal reported. On April 1, transgender influencer Dylan Mulvaney posted a video on Instagram that featured Bud Light cans designed with a picture of her face. Later, the Journal reported that Bud Light Sales dropped by 17% by mid-April, per data created by Bump Williams Consulting and analyzed by Nielsen.

☆ Kraft wants to remake the TV dinner
▼ + stars: | 2023-05-03 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +6 min

On Wednesday, Kraft Heinz officially introduced Homebake 425°/:30, the company’s new line of frozen meals. Kraft HeinzFor Kraft, the new brand is part of an effort to increase the company’s net sales by $2 billion through 2027. As part of its earlier turnaround efforts, Kraft Heinz has been trying to reinvigorate decades-old brands like Velveeta and Oscar Mayer. In that time, frozen food prices jumped 16.3%, well above recent annual trends for grocery prices as a whole. In 2020, Kraft Heinz announced that it was divesting its natural cheese business.

☆ 10 Things in Tech: AI-generated Drake songs, discounted startups, and Amazon’s upgraded Alexa
▼ + stars: | 2023-05-03 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I'm Diamond Naga Siu, and in this turbulent economy, I definitely want stability over most other things. And my colleague Grace Mayer highlights how retail, finance, and other (seemingly more stable) industries are piquing our interest instead. A leaked document viewed by Insider revealed that Amazon wants to focus on entertainment features for Alexa. The upgrade will feature Amazon's own generative AI technology instead of using OpenAI's technology (like how Microsoft paired ChatGPT with Bing). Bell dished to my colleague Ashley Stewart on why he made the move, how he met Satya Nadella, and more.

☆ Gen Z is less interested in working at Big Tech companies right out of college, their job searches show
▼ + stars: | 2023-05-02 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

Upcoming college graduates aren't as interested in Big Tech jobs, a Handshake survey found. Searches for big tech brands dropped nearly 15% compared to the previous year's class, per the survey. Upcoming college graduates are less interested in jobs in Big Tech, a recent Handshake survey found. The career site found searches from the class of 2023 for Big Tech brands dropped nearly 15% compared to the previous year's class. Nearly 3 out of 4 graduates said they want to develop new tech skills within the next few years.

☆ The 'Godfather of AI' quit Google — and says he now regrets his role creating technology that poses a threat to humanity
▼ + stars: | 2023-05-01 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

Geoffrey Hinton quit his job at Google and told The New York Times he regrets his role in pioneering AI. Hinton said he quit so he could warn about the risks of AI without worrying about the impact to Google. After recently leaving behind his decade-long career at Google, Geoffrey Hinton, nicknamed "the Godfather of AI," told The New York Times he has regrets around the foundational role he played in developing the technology. After Google employees were tasked with testing the Bard chatbot, some employees said they thought the technology could be dangerous, as reported by Bloomberg. This is a concern that CEO of OpenAI Sam Altman, and other critics of the AI technology, have echoed.

☆ The 10 Senate seats most likely to flip in 2024
▼ + stars: | 2023-04-30 | by ( Simone Pathe | ) edition.cnn.com time to read: +19 min

The GOP needs a net gain of one or two seats to flip the chamber, depending on which party wins the White House in 2024, and it’s Democrats who are defending the tougher seats. Jim Justice announcing his Senate bid in West Virginia – the seat most likely to flip party control in 2024. In a presidential year, the national environment is likely to loom large, especially with battleground states hosting key Senate races. Two businessmen with the ability to tap into or raise significant resources could be in the mix – Eric Hovde, who lost the GOP Senate nomination in 2012, and Scott Mayer. Still, unseating Cruz in a state Trump won by nearly 6 points in 2020 will be a tall order.

☆ Digital “Chicago Plan” fixes many financial woes
▼ + stars: | 2023-04-28 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

The economists’ solution – often called the Chicago Plan – was to remove commercial banks from the money-creating business. One of the main problems of a central bank digital currency (CBDC) is that it would compete with old-fashioned bank deposits. With the digital money supply increasing in line with the economy’s potential growth, roughly as Friedman advised, inflation would soon come under control. Non-bank lenders like Apollo Global Management (APO.N) would have an enhanced role under the digital Chicago Plan. At present, there’s little chance of the digital Chicago Plan coming to pass.

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