• Scoops
  • Posts
  • 🔍Scoops Spotlight

🔍Scoops Spotlight

Serving the highlights from the daily scoops on the app

Hey friends - went to my first concert in a while this week. Tyler Childers. Def recommend. Enjoy the weekend.

Welcome back to the weekly Scoops Spotlight, where we’ll serve up a little summary of the week with the company scoops that got the most community reactions.

If you haven’t downloaded the app yet, follow the directions at the bottom of the email. It’s an invite-only beta, so you have exclusive access.

🌎 The Big Picture

In case you missed it, the federal government has shut down, halting a wide range of payments and services. The shutdown comes as Congress failed to pass its annual budget to fund government operations due to disagreements over healthcare spending.

So what happens?

Military and other essential staff continue working without pay, while others are barred from their duty stations. Federal agencies have begun furloughing 750,000 workers, meaning those employees are on unpaid leave until Congress agrees on a plan. Normally, those workers are brought back and paid in full as soon as the budget passes, but the president has threatened to make furloughs permanent to shrink the government further.

Most of the disruption will be to government workers and people most reliant on federal support services. Essential benefits like Social Security and Medicare payments will continue, but there could be delays with services due to the light staffing. Many government services, including new student loan relief and repayment applications, are on pause during the shutdown. Travelers may see airport delays due to air traffic controllers and security staff working without wages.

Overall, the shutdown should have a relatively minimal impact on the broader economy, as long as it doesn't drag on too long.

What else?

The most important trend for the economy right now is the job market. It’s not looking good. And the shutdown doesn’t help, because there will be no federal economic reports to help understand what's going on with hiring or with inflation. Government data is seen as the gold standard, so without it, investors and policymakers feel like they're flying blind.

The data we do have? Pretty ugly. Layoffs are still pretty low, but hiring has come to a halt. ADP said companies posted net job cuts across the economy for the past two months. In the public sector, the White House has issued plans to turn the shutdown into more government layoffs.

Things could easily turn around with a few policy changes, but for now, we’re watching a trend toward higher unemployment.

How are you feeling about the economy?

Login or Subscribe to participate in polls.

Get the full breakdown of all the trends affecting your home, wallet, and career in the new Weekend Scoop on the Scoops app!

🏭 The Companies Everyone’s Talking About

 

Tyson Foods

Tyson Foods, Inc.

👍 50%

👥 51% | 🌏 46% | 💰 53%
 

Price Fixing

Tyson Foods agreed to pay $85 million to settle allegations of conspiring with competitors to limit pork supply and inflate pork prices.

The meat giant has battled several other price-fixing lawsuits, and this settlement is the largest antitrust case win in pork price-fixing in over seven years.

BP PLC

BP PLC

👍 56%

👥 52% | 🌏 46% | 💰 52%
 

Back in the Gulf

BP is moving forward with its $5 billion oil drilling project off the US Gulf Coast, marking another major step in the company’s renewed focus away from clean energy toward core oil and gas production.

The new offshore platform, expected to produce 80,000 barrels per day by 2030, will help boost US output and strengthen BP’s competitive stance amid leadership changes and activist pressures to abandon clean energy.

Snapchat

Snap, Inc.

👍 36%

👥 48% | 🌏 55% | 💰 54%
 

Paid Memories

Snapchat will soon ask users to pay to keep their Memories, shifting by capping free storage at 5GB after nearly a decade of unlimited access. Heavy users who exceed the limit will need to choose from tiered paid plans, with options starting at around $1.99 per month and scaling up to 5TB for premium accounts.

The strategy aims to manage rising infrastructure costs while keeping free access for most users.

UnitedHealth Group

UnitedHealth Group

👍 33%

👥 42% | 🌏 47% | 💰 49%
 

Plan Pivot

UnitedHealth is shifting its healthcare strategy by ending Medicare Advantage plans in 109 US counties by 2026, affecting roughly 180,000 members. Most of the plan exits are focused in rural areas, where operational costs are high.

The decision responds to funding cuts, rising costs, and regulatory changes that pressure reimbursements, as the healthcare giant works towards a more profitable care model.

Exxon Mobil

Exxon Mobil Corporation

👍 31%

👥 40% | 🌏 42% | 💰 49%
 

Job Cuts

Exxon Mobil is cutting 2,000 jobs globally as part of a major restructuring that shifts smaller offices into regional hubs.

The move, targeting regions like Europe, Norway, and Canada’s Imperial Oil operations, aims to boost efficiency and reduce costs. These efforts build on changes initiated in 2019 that have already saved billions in annual costs.

Dig into more scoops and vote on company approval ratings in the Scoops app!

The Big Question of the Week

Should there be price caps on groceries?

Login or Subscribe to participate in polls.

Challenge your perspectives and learn from the community voting on the Scoops app!

Get the Scoops app!

🔐 We’re not on the App Store yet, so it’s invite-only. But signing up is easy:

Apple users: You’ll access Scoops through Apple’s app-testing app, Testflight.
1) Download the TestFlight app 
2) Accept the secret invitation link here

Android users: You’ll download the app directly.
1) Download the App Tester app or install it directly from the invitation link here.

Email [email protected] with any questions or issues signing up!

Reply

or to participate.