#market-competition

#market-competition

When agriculture was able to meet demand, sugar prices crashed overnight. Companies that had bet big on expensive inventory suddenly found themselves drowning in debt. Pepsi declared bankruptcy. So did RC Cola's predecessor, Chero-Cola. Coca-Cola, however, managed to secure emergency financing from a bank by offering something no other company could: their closely-guarded secret formula as collateral. That gamble paid off big time.

The big picture: The Danish drugmaker said participants in a 64-week clinical trial saw an average weight loss of about 17% if they stayed on the daily pill, reduced their calorie intake and increased exercise. That's compared to 3% average weight loss among trial participants who received a placebo. Between the lines: The active ingredient in oral Wegovy will be manufactured in North Carolina, Novo Nordisk said.

Tesla is offering 0% APR financing for up to 72 months on select Model Y Standard purchases and is also advertising the option to lease a Model Y without a down payment on its website. Buyers can also trade in a gas car to receive 2,000 miles of free supercharging, and Tesla is offering complimentary upgrades, including premium paint jobs, tow hitches, and 19-inch "Nova" wheels valued at up to $1,500 on select inventory vehicles.

Reffkin spent his time on the stand explaining Compass's three-phased marketing strategy and how his firm planned to expand the advertisement of this strategy, as well as its private listing network after the National Association of Realtors (NAR) announced clarifications about its Clear Cooperation Policy (CCP) in late-March. However, Reffkin claimed that this expansion of the three-phased marketing strategy and private listings was scrapped after Zillow announced its policy in early-April. According to Reffkin, Zillow's announcement chilled the adoption of Compass's strategy and stifled his firm's growth and innovation.

Dorothy Kilroy has seen her company's smart ring on some very famous fingers. Mark Zuckerberg wears one. So does Jack Dorsey. Prince Harry, too. But when Oura's chief commercial officer sat down at Toronto's Elevate conference with this editor last week, she surprised me, saying the company's fastest-growing user segment isn't tech billionaires or wellness-obsessed execs. It's women in their early twenties.

The 2025 Sveriges Riksbank Prize for Economic Sciences in Memory of Alfred Nobel has been awarded to three researchers who have shown how technological and scientific innovation, coupled to market competition, drive economic growth. One half of the prize goes to economic-historian Joel Mokyr of Northwestern University in Evanston, Illinois, and the other half is split between the economic theorists Philippe Aghion of the Collège de France and the London School of Economics and Peter Howitt of Brown University in Providence, Rhode Island. "I can't find the words to express what I feel," Aghion said. He says he will use the money for research in his laboratory at the Collège de France.

As the creator of ChatGPT, OpenAI recently attracted 78% of daily unique visitors to core model websites, with six competitors splitting up the rest.

Target customers will soon lose the price matching policy, which has been a way to ensure the lowest prices by matching competitors' prices.

Sales of the Cybertruck plunged 51% year-on-year in Q2 to just 4,300 vehicles, according to Cox Automotive, showing significant declines in demand for Tesla's electric pickup.

Perplexity's CEO Aravind Srinivas stated, "I reached out to Chrome to offer Perplexity as a default search engine option a long time ago. They refused. Hence we decided to build [the] Perplexity Comet browser."

Chick-fil-A first opened its doors in 1967 and has become a beloved fast food destination for its consistently great-tasting chicken sandwiches.

Whoop's fitness tracker differentiated itself by focusing on sleep and recovery, lacking a screen, and utilizing a subscription model that charged $30 per month.

In melding Omnicom and IPG, the deal will create the world's largest advertising group, potentially dominating media-buying markets globally.