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Here’s what you need to know
President Donald Trump’s tariffs are looming, and companies like Walmart, Mattel, and Best Buy, warn of price hikes. Groceries, Barbies, and laptops could get more expensive.
… Meanwhile drugmaker Pfizer is ready to move manufacturing to U.S. soil. CEO Albert Bourla said building a close relationship with the new administration is key to “influence the environment.”
Tariffs even have Warren Buffet chiming in. The legendary investor likened the taxes to “an act of war,” partly because “the Tooth Fairy doesn’t pay ‘em!”
The Tooth Fairy isn’t coming to save Chipotle – and that’s OK. CEO Scott Boatwright says the burrito maker will absorb the costs.
… Meanwhile, the Dow’s on a frantic hunt for safety. U.S. stocks plunged 660 points on weak manufacturing data as looming tariffs derail automaker plans.
Things aren’t looking too chippy for Nvidia, Super Micro, and Dell. Shares of the tech giants fell on Monday after Singapore launched a probe into a potential export breach.
Live events that crashed streaming apps
Live events like the Super Bowl, the Oscars, and other high-profile broadcasts bring millions of viewers to streaming platforms.
But with all that demand comes the risk of overwhelming systems, often causing crashes and frustration. While streaming services have embraced live events to drive subscriptions and ad dollars, the tech struggles are hard to ignore.
The Oscars on Sunday became the latest example, with glitches and login errors locking out viewers.
So, what are other examples of live events pushing streaming apps to their breaking point? Quartz’s Bruce Gil breaks down the big moments.
Starbucks axed 13 drinks, says try these classics instead
Starbucks has given 13 drinks from its menu the chop, but the coffee giant affirms there are alternatives that can still satisfy customers.
To help with the transition, Starbucks is recommending classic drinks that customers can still customize to suit their taste. This move is part of CEO Brian Niccol’s “Back to Starbucks” strategy, which aims to steer the company back to its coffeehouse roots. But with fierce competition, especially in China, it may be a tough challenge.
What drinks does Starbucks think will help it win back U.S. customers? Quartz’s Francisco Velasquez has the details.
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Our best wishes on a safe start to the day. Send any news, comments, Tooth Fairy dollars, or Starbucks alts to talk@qz.com. Today’s Daily Brief was brought to you by Francisco Velasquez and Audrey McNamara.