Today is Wednesday, June 8 and actor Matthew McConaughey stopped by the White House to make a tearful plea for stepping up gun control laws. Walmart Heir Rob Walton is buying the Denver Broncos for $4.65 billion and Securities and Exchange Commissioner Chairman Gary Gensler is expected to discuss stock market changes that stem from the meme stock frenzy in a speech today at the Piper Sandler Global Exchange and Fintech Conference.
Target has too much stuff and slashed its profit outlook, and the Federal Trade Commission is investigating CVS and other paid third-party administrators of prescription drug coverage for insurers and employers. The probe is over the business model’s effect on prices and access. Here’s what else should be on your radar this morning.
Women Grabbing More Startup Funds. In the first three quarters of 2021, female-owned startups raised $40 billion in venture capital funds — double the amount raised by women-owned startups in all of 2020 and 2019. The Female Entrepreneurs and Technology Playbook, a PYMNTS and Payoneer collaboration, takes a deep dive into how women-owned startups are disrupting the business world and leveraging cutting-edge technology in numerous industries. READ MORE
Redefining Restaurant Normal. Consumers have been adapting to the many changes in restaurant technology which have added up to a new normal that is still undergoing fluctuation. The Digital Divide: Technology, the Metaverse and the Future of Dining Out, a PYMNTS and Paytronix collaboration, examines the complex relationship restaurant consumers have with technology. READ MORE
BNPL Alert. The plummeting share price of buy now pay later (BNPL) platform Affirm could be a red flag for the industry as consumer debt mounts while inflation soars and a possible recession looms. But that isn’t stopping new players from entering the space. A problematic aspect of the model could come from Affirm’s and some others’ use of securitization. READ MORE
ICYMI. Meal kit pioneer Blue Apron and retail giant Walmart are collaborating to offer heat-and-eat meals along with single-purchase multi-serving meal kits. In an interview with PYMNTS, Dani Simpson, chief marketing officer at Blue Apron, discussed how this partnership fits into the brand’s overall distribution strategy. READ MORE
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