On today’s episode of the Zacks Friday Finish Line podcast, Content Writer Ryan McQueeney and Editor Maddy Johnson take on this week’s biggest story: Donald Trump’s latest round of deals and promises.
The hosts kicked the show off with a look at Starbuck (SBUX). The company appears to be doubling down on its premium offerings and has pledged a significant expansion of its “Roastery” and “Reserve” concepts. Co-founder Howard Schultz will be stepping down from his role as his CEO to focus on promoting the new brands.
Find out more here: Starbucks News: $10 Coffee, Its Next Five Years, Princi is a Go
Next up was the news that Apple’s (AAPL) Apple Music streaming service has hit 20 million paying subscribers. In just a year and a half, Apple has accumulated nearly half the number of subscribers that Spotify has in about eight years. We’ve truly reached a key moment for the music streaming industry.
More details here: Apple Music Achieves 20 Million Paying Subscribers
Maddy and Ryan also touched on a few earnings reports from this week, including Lululemon (LULU), Costco (COST), and Dave and Buster’s (PLAY), which sparked a discussion on why the arcade-restaurant concept has performed so well this year.
More on Dave and Buster’s: Dave & Buster's Just Hit a New 52-Week High
Finally, this week’s top story was more news from President-elect Donald Trump. The perpetual deal maker was at it again this week, this time teaming up with SoftBank (SFTBY) to announce a $50 billion investment in the United States that will potentially create 50,000 new jobs. The announcement sent SoftBank and Sprint (S), which is 82%-owned by SoftBank, soaring this week.
Trump also sent biotech investors into a selling frenzy on Wednesday when he told Time, which just declared him “Person of the Year,” that he would target high drug price hikes.
Find out more on both stories here: SoftBank and Sprint Soaring on Trump-backed Investment Plan & Trump Vows to Slash Drug Prices, Sends Biotech Stocks Lower
As always, thanks for checking out this week’s episode of the Zacks Friday Finish Line, and make sure to check back next week for even more news from the investment and financial world!
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