• With COVID-19 cases increasing again, Krispy Kreme has doubled their free doughnut vaccination incentive where customers who show proof of vaccination will receive two free doughnuts until September 5
• In March, Krispy Kreme was one of the first businesses to roll out a nationwide Covid vaccine incentive, offering a free glazed doughnut to any adult with a vaccination card

Dr. Scott Gottlieb says Pfizer vaccine for kids 5 to 11 may come by winter

• The director of Pfizer, Dr. Scott Gottlieb expects that U.S. drug regulators will clear the Pfizer Covid vaccine for emergency use in children ages 5 to 11 later this fall or early in the winter
• He suggested that the spread of the delta variant may potentially pressure regulators to act more quickly

Ikea announces furniture buyback and resale program 

• Ikea has announced that they will be launching a furniture buyback and resale program in the United States as they aim to make the service permanent across all their stores nationwide
• The launch will happen at Ikea’s Conshohocken, Philadelphia location on August 30 and go through September 19 

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• With the success of their new all-electric vehicles, Porsche has seen record sales 
• The CEO of the company Kjell Gruner has reported that the company is looking into investing into all-electric cars, internal combustion engines, and plug-in hybrids
• Compared to the year prior, Porsche’s second quarter earnings has increased by 55%

To deal with delta variant of Covid, White House plans to deploy response teams

• Across the United States, the White House is deploying response teams to aid states against the delta variant of coronavirus
•  Containing officials from the CDC and other federal agencies, the teams are going to work alongside communities who are at a higher risk of experiencing an outbreak which are with low vaccination numbers
• A total of 1,000 counties in the US have a less than 30% coverage of vaccinations

• Today (Thursday), Doughnut Company Krispy Kreme has returned to public market after being off the market for 5 years 
• The company’s IPO was priced at $17 a share which is below their planned range of $21 to $24 a share
• Back in 2020, the company had a total revenue of $1.12 billion which is a 17% increase

Walgreens could have increased sales due to Passport photos and makeup sales

• During Walgreens sales in their third quarter, makeup, covid vaccines, and passport photos have driven their sales
• As the economy is slowly reopening across the US, Walgreens has said that the discretionary spending has increased in pick up online and at stores

General Motors’ sales for second quarter have been up 39.7% and miss analyst expectations

• The second quarter sales for General Motors has been slightly lower than what analysts expected
• Today (Thursday) has reported that they have sold 688,236 vehicles which is up form 39.7% from a year prior in 2020
• The Analysts had expected General Motors to have an increase of about 40% to 43% in sales according to Edmunds and Cox Automotive

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• The leaders of World Bank, WHO, IMF, WTO have all published a plea in newspapers across the globe that urges all wealthy nations to contribute to the $50 billion to fight COVID
• These agencies have planned to make $9 trillion in addition to the global output by 2025
• And have the goal of vaccinating 20% of the world population by 2021

• AMC has pivoted back to an offensive strategy on a bet that its retail investors will stick with the company long enough for it to recoup its pandemic losses
• Since the January stock surge, some retail investors have used social media to attack anyone who shares negative opinions of AMC

• President Biden has proposed a top marginal income ta rate of 39.6% which is 2.6% up from the 37% before to help fund the American Families Plan
• This rate affects those single Americans who have a taxable income of more than $452,700 and those married couples who file together with income over $509,300
• After 2025, this rate is expected to increase to this 39.6%  even if Congress does not approve Biden’s proposal

• This Chinese electric car company Nio has seen deliveries decrease in May due to the shortage of semiconductors and it has had a huge impact on their business
• Other Global automotive companies have also had to deal with this worldwide chip shortage but another Chinese car company named Xpeng reports that their deliveries have been 5,686 in May which is a 483% on-year increase and a 10% from the previous month

• All Domestic Cinemas (at least here in the US) have reported $100 million in ticket sales over the four-day Memorial Day weekend
• “A Quiet Place Part II” by Paramount has bragged a total revenue of $48.4 million over three days and is the highest film debut of the pandemic
• “Cruella” by Disney also saw a large amount of revenue of $27 million during the 4 day weekend

• The CEO of Cirque du Soleil Daniel Lamare reports that ticket sales have reached double digits higher than how it was pre-pandemic
• For highly vaccinated markets, International shows will be scheduled
• The company plans to rehire about 95% of its artist for their shows around the globe

• Krispy Kreme says that giving away 1.5 million doughnuts has deemed successful as an incentive for getting the vaccine
• In all markets around the U.S. in concerns to the Food industry, companies and community groups are experimenting with all sorts of incentives for others to get fully vaccinated 
• Among certain groups, studies have shown to be more effective than others

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