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Hey friends - another wild week in this season of America. Take some time to 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.
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🌎 The Big Picture
The main headline is that things have been solid, almost improving, but the data over the last several weeks has started looking more like a downturn.
Layoffs have surged in the federal government, trade tensions are escalating, and everyone’s starting to expect higher prices. Whether the tariffs stay or not, those kinds of expectations can become self-fulfilling. The difference this time with inflation is that businesses have used up much of their pricing power and might get too much pushback from consumers. If it’s broad-based, though, consumers won’t have much choice.
People are strained and dipping into retirement savings. Businesses are holding back on hiring and investment, waiting for clarity on tariffs and policy changes. The good news is that much of this pain is optional. Policies could be changed, shifted, or delayed. However, after a certain amount of time, trends grow more difficult to reverse.
How are you feeling about the economy? |
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
 BlackRock 👍 48% 👥 50% | 🌏 44% | 💰 49% | American Ports BlackRock is buying the ports that control access to the Panama Canal. The asset manager created an investing consortium to purchase a 90% stake in Panama Ports Company from a Hong Kong company for $23 billion. The world's largest asset manager pursued the deal after President Trump expressed concern about China's involvement with the canal. This deal also includes many other ports around the world. |
 Citigroup Inc 👍 59% 👥 55% | 🌏 53% | 💰 49% | Copy-Paste Slip Citi has faced a series of embarrassing and potentially costly errors in its money transfer systems. Recently, a copy-paste mistake almost resulted in $6 billion being sent to a client, and just weeks before, they accidentally credited $81 trillion to another account. The Wall Street giant has had persistent issues with internal controls despite regulatory pressure and ongoing efforts to improve systems. |
 Wells Fargo & Co 👍 26% 👥 43% | 🌏 47% | 💰 46% | Emissions Shift Wells Fargo scrapped its goal to cut emissions from projects it funds by 2050 and canceled its 2030 targets, citing that key changes from its clients have not materialized. Wells Fargo will still work to lower emissions from its own operations, marking a more focused approach to internal sustainability. |
 Novo Nordisk 👍 63% 👥 56% | 🌏 60% | 💰 56% | Cheaper Weightloss Novo Nordisk is making its popular weight loss drug, Wegovy, more affordable and accessible. The drugmaker will offer Wegovy directly to consumers through its online pharmacy called NovoCare for $499 a month - less than half its regular price. The drugmaker launched the new direct-to-consumer model to compete with rival Eli Lilly as demand for the weight loss drug surged. |
 Merck & Co 👍 76% 👥 62% | 🌏 65% | 💰 65% | Patent Clash Merck is in a major patent dispute over its blockbuster cancer drug, Keytruda. It has developed a new, injectable version, but another company claims Merck is using their patented enzyme. Keytruda is incredibly important to Merck, making up almost half of its sales. If the drugmaker loses this legal fight, it could lose billions when the original Keytruda patents expire. |
Dig into more scoops and vote on company approval ratings in the Scoops app!
❔ The Big Question of the Week
Should banks try to influence the business models of their borrowers? |
Challenge your perspectives and learn from the community voting on the Scoops app!
🔦 Feature Spotlight
Don’t miss out on the Weekend Scoop!
It’s everything you need to catch up each week:
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