And other business shifts, including reopening day for Tesla
May 14, 2020
| Current events
Uber is trying to buy Grubhub
Successful negotiations for the competing service would bring together the two biggest players in the world of meal delivery. While the union would give Uber as much as 55% of the meal delivery market share (the runner-up, DoorDash, has 35%), there's still no word on whether Uber can apply the code "MONOPOLY" to save 5% on their eventual acquisition price.
The show Musk go on
After initially defying regional orders and threatening to move his HQ out of the state, Tesla CEO Elon Musk has received California officials' blessing to reopen factories in Alameda County. The return to the manufacturing puts Tesla ahead of major automakers like Ford and General Motors, which plan to reopen later in May.
Consumer Price Index down
The monthly measure of U.S. goods and services prices fell 0.4% in April, influenced by large price drops in transportation and apparel. It marks the index's largest decline since 1957, igniting concerns that lowered prices could lead to deflation and a shrinking economy.
Pepsi Co. goes Direct-to-Cheeto
Long limited to grocery stores and gas stations, Pepsi-Co. has decided to start utilizing their own Direct-to-Consumer model. Under the domain names snacks.com and pantryshop.com, the company hopes to capitalize on the shift to online shopping by allowing house-bound customers to send products like Flamin' Hot Cheetos and Mountain Dew straight to their doorsteps while side-stepping traditional retailers and online shopping platforms like Amazon.