Wendy's surge pricing, Ozempic's competition, bitcoin's rally: The week's most popular stories
Wendy’s probably had the roughest week in business. But there was plenty to go around. Ozempic has some competition emerging in the weight loss drug market. Best Buy is closing stores and laying off workers. And Elon Musk paid a bakery that Tesla had stiffed.
On the other hand, the bitcoin rally continues. Check out the slideshow above for those and more of the week’s most popular stories on Quartz.
Wendy’s says it won’t do ‘surge pricing’ after all, backtracking after a backlash
Wendy’s would like a word about the difference between “dynamic pricing” and “surge pricing.” After a flurry of attention this week to comments by CEO Kirk Tanner during the fast food chain’s February earnings call, Wendy’s now says it has “no plans” to raise prices when demand is highest.
There might be a weight loss drug competitor to Ozempic — and the company’s stock is soaring
Zealand Pharma stock was soaring more than 34% on Monday, after the company announced strong results in a clinical trial for a liver disease drug that is also being tested for weight loss.
The weight loss drug competition with Ozempic is heating up as another company’s stock almost doubled
The race is on to break up the current weight loss drug duopoly held by Novo Nordisk, the manufacturer of Ozempic and Wegovy, and Eli Lilly, the maker of Zepbound.
Best Buy is closing stores and planning layoffs as sales slip
The sales floor at Best Buy may look emptier moving forward. That’s because the consumer electronics company is planning to scale back on its workforce, according to CEO Corie Barry.
Bitcoin has now surged past $60,000 and is nearing a record — with a big change coming
Bitcoin keeps soaring and surpassed $60,000 on Wednesday for the first time since 2021. The crypto currency has rallied all week, jumping more than 15% in just four days to $61,074 late Wednesday morning.
Tesla paid a bakery it stiffed on a big order after Elon Musk promised to ‘make things good’
Tesla has reportedly settled its payment to a California bakery owner who said she was stiffed out of thousands of dollars after an employee at the EV-maker cancelled an order for thousands of pies.
Elon Musk says a Tesla sports car is finally coming next year — and it’s a SpaceX collaboration
Tesla CEO Elon Musk is teasing the EV-maker’s highly-anticipated sports car, the Roadster, and announced that it will finally ship next year.
Toyota has recalled more than 680,000 cars in less than a week over safety concerns
Toyota Motor has warned consumers that more than 680,000 of its vehicles may suffer issues that could increase the risk of crashes.
The FTC sued to stop Kroger from buying Albertsons, warning of ‘grocery price hikes’
The Federal Trade Commission has sued to block the $24.6 billion acquisition of Albertsons by rival grocer Kroger, alleging the deal would harm American consumers already facing high grocery bills.
AT&T is giving customers credits after a big service outage — but it won’t cost the company much
AT&T said it will give $5 back to its wireless customers impacted by the telecom’s widespread network outage last week.
Porsche’s electric rival to Tesla has lost up to $100,000 in value
Depreciation is hitting EVs harder than most other vehicles. A combination of technology upgrades, price fluctuations on new cars, and lack of demand has meant a rapid drop in value for many electric models. This phenomenon is especially dramatic for Porsche’s Taycan EV, with high-spec Turbo models losing almost $100,000 in value within four years.