What Happened
This week saw a mix of developments across various industries, each with its own set of implications. In the UK, a decade after the Brexit vote, business leaders are reflecting on the decision's impact. Meanwhile, in the tech world, companies like Glossier and Tesla are navigating their own challenges. In Hollywood, a 30-year-old franchise is defying expectations and saving the summer box office.
Brexit: A Decade Later
A decade after the Brexit vote, British business leaders are reevaluating the decision's impact on the economy. Simon Boyd, a businessman who supported Brexit, now believes that rejoining the EU would be like "re-boarding the Titanic" while giving up life vests. Mike Hawes, who represents Britain's carmakers, shares Boyd's frustration with the current state of affairs. Despite initial promises of a bright new future, the reality has failed to live up to the hype, with anemic economic growth, high taxes, and struggling public services.
Glossier's New Funding
Glossier, the online beauty company founded by Emily Weiss, has secured $45 million in credit. The funding will be used to support the company's shift towards a leaner, wholesale-heavy retail model. CEO Colin Walsh must now prove that the company can thrive in this new direction.
Tesla's Autopilot Woes
Tesla is pushing back against the narrative surrounding a fatal crash in Texas, which has raised questions about the safety of its Autopilot system. The company argues that the system was not at fault, but investigators have yet to determine the cause of the crash.
Uber's Shareholder Lawsuit
Uber's board and management are facing a lawsuit from shareholders, who allege that the company has cut too many compliance corners, resulting in thousands of lawsuits. The lawsuit, led by a Detroit pension fund, claims that the company's actions have put shareholders at risk.
Hollywood's Summer Savior
A $1 million horror film and the 30-year-old "Toy Story" franchise are saving Hollywood's summer. The fifth installment in the Pixar series debuted with $160 million in domestic ticket sales, setting a new franchise record and notching the biggest opening weekend of the year.
Key Numbers
- ****$45 million:** The amount of credit secured by Glossier
- ****$160 million:** The domestic ticket sales of "Toy Story 5" on its opening weekend
- ****$312 million:** The worldwide haul of "Toy Story 5" on its opening weekend
- **10 years: The amount of time since the Brexit vote
What to Watch
As the UK continues to navigate its post-Brexit reality, businesses and investors will be watching closely to see how the country's economy will fare. In the tech world, companies like Glossier and Tesla will need to adapt to changing consumer demands and regulatory environments. In Hollywood, the success of low-budget films and beloved franchises will be closely watched as the industry looks for new ways to thrive.
What Happened
This week saw a mix of developments across various industries, each with its own set of implications. In the UK, a decade after the Brexit vote, business leaders are reflecting on the decision's impact. Meanwhile, in the tech world, companies like Glossier and Tesla are navigating their own challenges. In Hollywood, a 30-year-old franchise is defying expectations and saving the summer box office.
Brexit: A Decade Later
A decade after the Brexit vote, British business leaders are reevaluating the decision's impact on the economy. Simon Boyd, a businessman who supported Brexit, now believes that rejoining the EU would be like "re-boarding the Titanic" while giving up life vests. Mike Hawes, who represents Britain's carmakers, shares Boyd's frustration with the current state of affairs. Despite initial promises of a bright new future, the reality has failed to live up to the hype, with anemic economic growth, high taxes, and struggling public services.
Glossier's New Funding
Glossier, the online beauty company founded by Emily Weiss, has secured $45 million in credit. The funding will be used to support the company's shift towards a leaner, wholesale-heavy retail model. CEO Colin Walsh must now prove that the company can thrive in this new direction.
Tesla's Autopilot Woes
Tesla is pushing back against the narrative surrounding a fatal crash in Texas, which has raised questions about the safety of its Autopilot system. The company argues that the system was not at fault, but investigators have yet to determine the cause of the crash.
Uber's Shareholder Lawsuit
Uber's board and management are facing a lawsuit from shareholders, who allege that the company has cut too many compliance corners, resulting in thousands of lawsuits. The lawsuit, led by a Detroit pension fund, claims that the company's actions have put shareholders at risk.
Hollywood's Summer Savior
A $1 million horror film and the 30-year-old "Toy Story" franchise are saving Hollywood's summer. The fifth installment in the Pixar series debuted with $160 million in domestic ticket sales, setting a new franchise record and notching the biggest opening weekend of the year.
Key Numbers
- ****$45 million:** The amount of credit secured by Glossier
- ****$160 million:** The domestic ticket sales of "Toy Story 5" on its opening weekend
- ****$312 million:** The worldwide haul of "Toy Story 5" on its opening weekend
- **10 years: The amount of time since the Brexit vote
What to Watch
As the UK continues to navigate its post-Brexit reality, businesses and investors will be watching closely to see how the country's economy will fare. In the tech world, companies like Glossier and Tesla will need to adapt to changing consumer demands and regulatory environments. In Hollywood, the success of low-budget films and beloved franchises will be closely watched as the industry looks for new ways to thrive.