Sneakily cleaning out Walmart's entire egg section
Hey Snackers,
"Is she the most sensible person, or is she just a nutter?" A bemused onlooker referring to a British woman who went grocery shopping inside of a plastic zorb ball. It's one way to self-isolate... She was asked to leave before entering the candy aisle.
US stocks continued rising Monday on fresh optimism for a COVID-19 treatment.
The race to a COVID-19 vaccine... is heating up quickly. Healthcare giant Johnson & Johnson just announced a lead vaccine candidate for COVID-19, and expects to start human clinical trials by September 2020. J&J will then try to churn out over 1B doses of the vaccine by the end of 2021. The first batches could be widely available for emergency use by early next year.
How is this even possible... An earth-shattering pandemic coupled with a looming global recession tends to push some limits. In other words, "the impediment to action advances action." That's why J&J and the US Dept of Health are expanding their partnership to commit over $1B to the vaccine's research/development.
The biggest non-profit puppy ever?... J&J is just one of the many companies racing to develop a COVID-19 vaccine β the big difference from most others is that J&J's isn't for-profit.
I like eggs... Not just Debbie from Nickelodeon's "The Girls Room." America's largest egg producer, Cal-Maine, reported expectation-beating earnings β but sales actually fell 10% last quarter (that was pre-full on corona-conomy). Now it's warning that egg prices might get a little crazy as the pandemic intensifies, which would be good for Cal-Maine. On that note:
Wholesale price controls retail price... 90% of Cal-Maine's biz is selling eggs wholesale to big retailers like Walmart. After completing 22 egg-quisitions, it now produces around 1 of every 5 eggs you consume from hoarding destinations like Costco. The CEO is now eyeing the rising wholesale prices. Which could mean...
Your morning scramble won't get pricier β until retailers say so... When demand for a product surges, your wallet might not feel it immediately (or at all). But Cal-Maine might raise prices on Walmart after the chain buys 6X more eggs than usual β then, Walmart may pass some or all of that added costs onto us consumers. Most retailers haven't. Yet.
Viral app, shutdown app, resurrected app... The timeline of HQ Trivia's virtual life. After launching in 2017, HQ surged to App Store fame with cash giveaways, Black Mirror-like live setup, and host Scott Rogowsky. At its peak, it had 2.8M players on one game. Then people forgot about it. Back in Feb, we got word that the app was shutting down. Now, it's been resurrected β here's how it made a comeback:
Timing is everything... Because of social distancing, lockdowns, and "stay-at-home" orders, this is probably the best time for HQ to make a comeback. There's only so much scrolling you can do on Insta and Netflix while stuck at home β HQ provides an alternative fun distraction. Plus:
HQ Take #2 should probably try subscriptions... HQ version 1.0 monetized its users through ads, but now the fact that no one's shopping means companies are cutting back on marketing spend β the corona-conomy is creating an ad-pocalypse. If HQ could swing offering a $1/month subscription (while maintaining millions of users), it might be better positioned to grow and not shut down (again).
Disclosure: Authors of this Snacks own shares of Walmart and Carnival
ID: 1135507