Why College Kids Can't Find Jobs & New Wegovy-Like Drug for $199/mo

This episode explores challenges recent college graduates face in securing employment and introduces a new, affordable Wegovy-like weight loss drug.

1. The job market for recent college graduates is increasingly competitive, with significant reductions in entry-level positions in tech and professional services.
2. The introduction of new technologies and AI might be displacing some traditional entry-level roles.
3. Industries like trades are becoming attractive alternatives, offering substantial salaries without the need for a college degree.
4. Hims & Hers has introduced a cost-effective GLP-1 weight loss drug, potentially disrupting the market.
5. Economic and regulatory factors influence job markets and pharmaceutical industries, impacting graduates and consumers alike.

1: Job Market Analysis

Hosts discuss the current state of the job market for college graduates, highlighting the scarcity of entry-level positions in desired sectors.
Neal Freyman: "Software development job postings are down 30% this year compared to last."

2: New Weight Loss Drug Introduction

Introduction of a new, affordable weight loss drug that mimics Wegovy, offering financial relief to consumers.
Toby Howell: "You can get an oral medication kit for $79 a month while injections start at just $199 a month."

3: Economic Implications

Discussion on broader economic trends affecting job markets and pharmaceuticals, including the impact of AI and generic drug manufacturing.
Neal Freyman: "It's a loophole in the drug law allowing for a cheaper version of GLP-1 drugs during shortages."

1. Graduates should widen their job search beyond traditional sectors to include roles in emerging industries.
2. Consider upskilling in AI and tech-focused areas where growth is evident.
3. Explore opportunities in trades and other high-paying sectors not requiring a college degree.
4. Stay informed about new, cost-effective healthcare options like the discussed GLP-1 drugs.
5. Network extensively to leverage all possible job opportunities in a tight market.

Episode 327: Neal and Toby examine how the latest jobs report may look promising, but not particularly for college graduates who may struggle with finding a job. Then, good, bad, and ugly news: the cargo ship cleanup at the Baltimore bridge crash site, OpenAI is changing its voice, and Red Lobster files for bankruptcy, respectively. Next, Hims & Hers Health is getting into the weight-loss drug game with their Wegovy-like shots. Also, New Caledonia is a hot battleground for independence and nickel reserves. Lastly, Neuralink gets clearance for its 2nd patient.

People

Neal Freyman, Toby Howell

Companies

Hims & Hers

Content Warnings:

None

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Neal Freyman
Today, fresh college grads are open to work on LinkedIn. So why can't they find any jobs? Ben, remember the OpenAI voice that came out sounding a lot like Scarlett Johansson? Well, the real Scarlett Johansson is none too pleased about it. It's Tuesday, May 21.

Toby Howell
Let's ride.

Okay, to start the show today, I want to tell you about a new newsletter, Morning Brew launch yesterday. It's called brew markets, and it covers, you guessed it, the stock market. Neal, you have been hard at work with the brew markets team developing this new product comes out five days a week right after the bell. Who would you say this newsletter is for, and what can people expect? They sign up?

Neal Freyman
Well, it's definitely for people for whom stock of the week, dog of the week is their favorite morning brew daily segment. It's intended to provide active traders or those who want to be people who are on their Robin Hood a couple of times a day with a brief summary of the day's market moves, along with expert opinions, practical tips and markets education in just a five minute read. And let's just go through yesterday's edition. For example, they talked about one of the most prominent bearish analysts lifting his target for the S and P 500, which is good news. And then whether surging copper prices are on the verge of collapse and him and hers getting into knockoff weight loss drugs and what that means for their stock, which is also what we're going to be talking about on this show a little later.

Toby Howell
Yeah, I loved the first edition. It just goes one level deeper than maybe any other morning brew product has gone before. So it is for someone who would enjoy morning brew daily. And I think you would enjoy brew markets as well. The easiest way to sign up is just pull out your phone or computer and Google brew markets.

We're the first thing that pops up, and you can subscribe using that link. Now let's hear a word from our sponsor, Sage. Not the herb, but a tool that saves finance professionals a lot of time and money. Today, I want to talk directly to you, the finance professional. You are both the engine that powers a business and the glue that keeps things together.

Neal Freyman
But oftentimes you might be stuck in neutral, bogged down by manual tasks instead of doing what you do best, which is adding strategic value across the business. Enter Sage. It's been in business for over 40 years, helping people like you have a greater impact on your business by automating some tasks, more recently by using AI, which can help cut bill processing time, for instance, by two to three times. The metaphor I'd use is sage takes you out of the passenger seat and puts you behind the wheel so you can have a greater impact on the direction your business is heading. Wait, so I already called finance professionals the engine and the glue, and now you're calling them the driver?

I thought yours could use a little work, but yeah, we should work on syncing up our metaphors better. If you're interested in saving time and money money, visit sage.com Morning Brew Sage helping businesses flow.

Toby Howell
Class of 2020 high school grads. You all have it rough. You missed walking in 2020, and in 2024, nationwide protests have disrupted your graduations again. But this so called real world that awaits you is once again testing your mettle. The youth leaving college are entering a tough job market.

On the surface, the numbers look good. Low unemployment, good jobs. Growth in some sectors, like healthcare. But finance consulting, tech jobs, you know, the jobs that you feel good putting on your LinkedIn profile, those are getting harder to come by. Employers are hiring at their slowest pace of the last ten years, even excluding the major.

Excluding the major dip that occurred during the pandemic. And entry level hiring in particular, is projected to fall by 5.8% in 2024 compared to last year. Combine that with the fact that less workers are leaving their jobs, too, and glassdoors data showing that confidence among entry level workers is at its lowest level since 2016 makes a lot of sense. Neil. It's just been body blow after body blow for this particular class, really has.

Neal Freyman
You're seeing a big bifurcation in the job market right now. And you said overall, it's healthy. But look at where the, the jobs are coming from, the job growth. It's in sectors like leisure, hospitality, and retail. Those are driving a lot of the gains.

And if you're a college grad with a fancy degree that you spent a couple hundred thousand dollars on, you're not looking for a park time role. You're looking for something in the white collar space, professional services, where you can, you know, sort of put your degree to use. And those white collar entry level jobs and professional services in tech, in consulting are the ones that are just not really hiring right now. Software development job postings are down 30% this year compared to last. So this is a tough job market.

If you are looking for that cushy role at a Google, a meta, an Amazon, or an EY, or a Deloitte. Yeah, it felt like just a couple of years ago seniors were able to leverage multiple job offers, negotiate higher compensation. That is just not the case anymore. It is because big tech is hiring less, but it's also because the roles that big tech is hiring for are a lot more to do with AI these days. And that's just not a great fit for entry level workers because most of these AI roles require some additional years of experience.

Toby Howell
But it could also be that the technology itself is removing the need for some entry level workers, which is a little bit of a scary thought that we've been warned about, that maybe AI is already coming and making these entry level roles a little bit more redundant than they have been in the past. So it is just crazy that even it gives shades of the time after 2008 2009 when a lot of people in finance with mbas and whatnot started drifting to the tech sector because there was no one hiring in finance. Now it seems like the opposite. A lot of people from the tech sector are drifting to other places like healthcare or finance that need these software development roles. Yeah, we've talked at a very high level so far.

Neal Freyman
Let's get into some specifics. So go to Rice University in Texas. In 2022, meta Platforms was the top, was one of the top employers for rice grads last year. They didn't hire a single one. So that's just one example of how meta, I mean, they, they fired a couple, the tens of thousands of people, and they're not doing job cuts anymore, but they just aren't hiring at the pace that they used to.

So if you just look at rice specifically, that's one example showing how big tech is really just not hiring college entry level positions as they had been. Yeah. And it just affects the entire psyche of a generation at this point. Like, a lot of these articles we were reading were just about what it feels like to send hundreds of applications out into the void. Right now, a lot of unanswered applications lead to a lot of pain.

Toby Howell
It lowers your expectations. And for some sense, it just gives even more ammunition to that argument that college was a waste of time and money. So I do think we're going to see some long term effects of this specific job market being so tough on this specific class. Yeah. And one of the biggest trends we're seeing is Gen Z going into the trades, which doesn't require a college degree, and they're paying over $100,000 to get in.

Neal Freyman
So, you know, I think that trend may only continue as these big tech firms and the big, big consulting firms sort of slow down their hiring. New segment alert. Love a new segment. This one is called the good, the bad, and the ugly. And in it, you'll hear one piece of news that's good, one that's bad, and one that's uglier than me crying while watching the opening montage of up.

Gotta start with the good. Them's the rules. And the good news said the ship that struck the Francis Scott key bridge in Baltimore, causing it to collapse is on the move. After being stuck for nearly eight weeks, the dolly was being towed by tugboats back to the port. It began its journey from all the way back in March when it lost power and crashed into the bridge, killing six construction workers.

Getting the dolly unstuck is a big step forward in clearing a channel for ships to pass through and start the rebuilding process, which is expected to take more than four years and cost up to 1.9 billion, billion dollars. It's also a relief to the 21 crew members, mostly Indians, who have been not been able to leave the ship this entire time. Yeah, it's, first of all, shout out to the tugboats. We're watching a video right now of the tugboats pulling this massive ship. And it just, those always give me, I just want to pat them on the back because they're doing such a good job and they're so small.

But yes, finally, I understand how tugboats can pull this massive ship. Please write in the physics of it are incredible. But, yeah, this is just a huge sigh of relief for the port of Baltimore. Around 20 ships are expected to arrive in the next week going forward, and we're finally going to see kind of a return to normalcy. They said they've seen bookings for the roll on, roll off vessels, which are those car, the vessels that can carry automobiles, which is what the port of Baltimore is definitely known for.

Toby Howell
So finally, it's just like this big unclogging, and it's a big relief, especially for those crew members, too, have been stuck on board. Yeah. Let's talk about a little bit about why they couldn't leave. First of all, they have visas that have expired. These were one month visas in the United States, so they can't technically get on us soil.

Neal Freyman
And at the same time, the US has regulations and laws in place that require a cruise vessel to be on the crew because this is a big ship with a lot of machines, a lot of moving parts, and you need people on the ship to handle all of that. So, you know, something worse doesn't happen while the ship has just been stuck there. So these people have been on the ship for almost two months now for, for various reasons. And I think once this, once it gets back to port, they'll be able to leave, hopefully. And the FBI is, has a criminal investigation ongoing into the circumstances that actually contributed to the collapse.

Toby Howell
So they've taken the crew members phones, so they're still under investigation for that as well. Let's move on to the bad now. And it comes courtesy of OpenAI. Remember, the AI voice assistant rolled out last week that impressed people with its ability to converse naturally but also creep people out because of how much one of the voices named sky sounded sultry, drawing comparisons to Scarlett Johansson's voice in the movie hero. Well, they already have pulled the plug on it.

Things took a turn for the creepy when Scarlett Johansson herself jumped into a fray with a statement saying that OpenAI had originally contacted her nine months ago about being a voice actor for the model, but she turned that offer down. Fast forward nine months later, and she and her team were shocked and angered to hear a voice come out that sounds just like her. The statement she issued says she ended up reaching out to get legal counsel and sending Sam Altman multiple letters, which explains this sudden and reluctant u turn from OpenAI. Neal, probably a good call to just pull this voice off the market. Yeah, this is definitely a he said her said situation.

Neal Freyman
Honestly, it's the most bizarre. If you were like, what is the weirdest thing that could possibly happen? This is it. I think what both sides do agree on is that OpenAI did reach out to Scarlett Johansson. Sam Altman did confirm that.

But OpenAI said they had a voice actor already on the books to record this particular voice, which is called sky. And Scarlett Johansson is saying that Sam Altman asked her to license her voice to use specifically her voice. And that's where this contention is happening. At the same time, Scarlett Johansson said that two days before this presentation last week that Sam Altman once again reached out to her and asked her final time for her voice. This is extremely weird, and it does not look good for Sam Altman in OpenAI, which had said all of OpenAI's leaders, in subsequent interviews had said that Scarlett Johansson's voice had not inspired this voice and had nothing to do with it.

But their reputation has taken a huge hit because it has become clear that it, at least in some respects, was involved in Sam Alvin's not helping things because he tweeted her at the end of that announcement. Right. He's almost, he's pulling the Elon Musk playbook where he seems to be, like, directly contradicting and undermining the things that his company is publicly putting out. Because, yeah, when you tweet something like her, it's almost rubbing it in Scarlett Johansson's face, saying, like, no, we didn't use you at all. But here I am referencing the movie that you play a voice actor of an AI assistant.

Toby Howell
So, yeah, and I just think that there's wide ranging implications for these AI chat bots that also, even before the Scarlett Johansson situation came out, there's this investor at Menlo Partners who said that eight of the top 50 most used generative AI apps in the world are related to AI companionship. So when you release a voice that people are already drawing, like, attachment issues to, or like, they're saying that they feel very connected to, that is something that you have to consider when you're rolling out, like, these, these AI voices. And so I do think that we've talked about super alignment, and maybe the way that AI leads to the end of the humanity is just the fact that people find companionship with bots rather than each other. So I do think that was, like, a downstream effect that maybe they didn't put enough thought into when they rolled out this very. This voice that you're able to connect with on a very intimate level.

Neal Freyman
And the fact that Sam Altman reached out to Scarlett Johansson to get her voice in the first place, knowing that her voice was one that people associate with people falling in love with the chat bot in the first place is extremely creepy. Meanwhile, you have all of these allegations swirling around OpenAI about how they steal IP to train these large language models, and now you have a real life example of them allegedly trying to steal someone's voice for their chatbot. Raises a lot of questions for OpenAI, and it could set off a very explosive legal battle, depending on what happens. Scarlett Johansson wants to know how exactly this voice assistant was trained and created, and maybe we'll find out due to the legal proceedings. Finally, the ugly is red lobster.

You've heard on the show for weeks about red lobster struggles, how it abruptly closed more than 90 stores. But yesterday it did the deed and filed for chapter eleven bankruptcy. And the details are about as ugly as a lobster, up to its eyeballs and at least $1 billion in debt. Red Lobster said it would close more locations as it prepares to sell most of its assets. The bankruptcy notice also provided more juicy information about that debacle of an all you can eat shrimp promotion last year.

We knew it led to an $11 million loss for the company, but there may have been something more nefarious and bizarre going on. According to the court filing, the all you can eat Shrimp's actual goal may have been about boosting the sales of thai union, a major investor. Thai union is a seafood supplier, and under CEO Paul Kenny, Red Lobster ditched its two other shrimp suppliers, leaving thai union as the only one remaining. So if you put two and two together, it seems that thai union may have been compelling red lobster to run this shrimp promotion just so it could sell more shrimp to let to Red lobster, causing it to run out of money. Seems fishy.

Toby Howell
Yeah. The last two owners of Red Lobster have done the chain dirty because the owner before time union, which is this PE firm called Golden Gate Capital, when they sold, they financed the deal by doing the sale leaseback agreement, which essentially means they bought all the land underneath the red lobsters and required the franchisees to pay them money to enrich the PE firm. And so that kind of bogged down these franchises with now they're having to pay their owner money just to operate on their land. And then you go to this thai union thing, which seems like a shell company, and I use that, or like a shell front, pun intended, for just boosting its own shrimp sales, its own crustacean sales. So I just feel bad for red lobster.

It's a staple of american cuisine, yet their owners are doing it dirty. Up next, a new player has entered the GLP one weight loss space. What's a nightmare scenario for you in the workplace? That's a scary question. Outside of a hair and makeup fiasco, I'd probably say losing a great episode of our show in some sort of company wide computer meltdown.

Neal Freyman
I hate to tell you this, but that did happen once I was on the subway back home when I had to come back in and record the entire episode again. No way. I tried to block it out, honestly. The good news is that crash plan offers secure cloud backups for every computer. And we're talking anywhere, anytime.

Toby Howell
I know crash plan. They work for massive enterprises, small businesses, and individuals, too. They literally cover everybody. What I like most about Crash plan is that they automatically encrypt all your data and then send that same data to the cloud every 15 minutes. It's backup power that's speedy and secure.

Neal Freyman
Exactly. Listeners, go ahead and level up your backup. Game over@crashplan.com. brew. And for a limited time, they'll even mail you their popular stuff happens swag when you sign up for a free trial.

Toby Howell
Okay, need that? That's crashplan.com brew. Fun fact of the day according to Forbes, $84 trillion is expected to be transferred from the boomer generation to their adult children in the next two to three decades. The problem is most people aren't having conversations around generational wealth to plan for the future. And another problem, a lot of people don't feel comfortable or equipped to talk about finances.

Luckily, massmutual has been an industry leader in helping people secure their financial futures for over 170 years. Talk about legacy. A massmutual financial professional can help you plan for both your short term and long term goals. This means planning for retirement and protection. Planning with life and disability insurance ready to ride start@massmutual.com.

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A company not named Eli Lilly or Novo Nordisk has jumped in the GLP one weight loss drug game, and it is riding it to all time highs. The digital pharmacy hymns and hers that rose to prominence selling generic versions of Viagra and Rogaine introduced access to the class of drugs that include Ozempic and Monjaro, and the stock went nuts. Shares closed up more than 27% yesterday, good for its largest intraday gain in more than three years. Usually developing a drug costs billions of dollars in many years. But hims and herds took a backdoor route and partnered with one of the largest generic manufacturers in the country that has FDA oversight to introduce the drugs to its customers.

And because its working with a generic manufacturer, it can charge a lot less. You can get an oral medication kit for $79 a month while injections start at just dollar 199 a month. Compare that to a Zempic, which can run someone over $1,000 a month before insurance. Neil, you can tell by how the market reacted here that this is a very big deal, both for hims and herds and customers who have run up against big shortages of the medication. Yeah, and that shortages are exactly why they can make these drugs, because, I mean, Novo Nordisk and Eli Lilly have patents on these GLP one semiglutide drugs.

Neal Freyman
But there is a provision in the federal government where if there is a shortage of a particular drug, then it allows other pharmaceutical manufacturers to make a generic version of that drug because people need it, want it, et cetera. So there is a clause called this compound. It's called compounding in the industry. And you can create a compounding drug here if there is a shortage going on. And it's kind of a loophole.

And that's exactly what hims and hers is exploiting to undercut prices of wigovi and Manjaro by 85%. Yeah. As long as the manufacturer is FDA approved, then they can get on this compounded drug train. The actual drug itself aren't FDA approved. It's this very weird wrinkle in kind of the drug law.

Toby Howell
And the FDA does warn that patients should not use compounded drugs if the actual name brand version are available. But yeah, it is legal. And Himsson Hearst has done this in the past with other types of drugs. And it does seem like this is a great way to beat out competitors on the key statistic that matters, which is availability, because there's so many shortages of these name brand drugs that of course, if you are someone who wants access to them, you would go and consider a compounded version of the drug. And meanwhile, tell me if you've heard this before.

Neal Freyman
This is him's and hers fastest growing division weight loss. Surprise, surprise, they're on track to eclipse $100 million in revenue in this particular division by next year. And currently their annual revenue is about a billion dollars in sales, which, first of all, is very impressive for a startup that was founded in 2017. So they're already doing gangbusters business. And if this is their fastest growing division, about to do a 10th of their entire sales by next year in these weight loss drugs.

So, I mean, you can see why every pharmaceutical company under the planet is wanting to get into this space, right? It gives me almost Long island blockchain vibes. Remember during the blockchain revolution, a company just added blockchain to its name and it goes nuts. It does seem like if you can't get in AI right now, get in the GLP one space. That is what shareholders want to see.

And, and when you look at the statistics, it's very interesting because we know that about one in eight adults said they've taken a GLP one in the recently, in a survey, actually just this month. But we don't have any insight into how many people are taking these compounded versions, which are becoming a lot more popular. So who knows? Like half of the population could be taking either these brand name ones or a compounded knockoff, essentially. So that that is another wrinkle where you just, like, have no insight into how many of these drugs are being sold.

Now buckle up for a long plane ride to New Caledonia, a remote french territory in the Pacific that could be on the verge of civil war right now. And there's major implications for nickel. The past few days, french police arrived in New Caledonia to get under control. Swelling protests that have blockaded rose, closed the airport, destroyed businesses, and left six people dead. Pro independence activists in the territory are incredibly angry about a new law adopted in Paris that would give more voting rights to New Caledonia's non indigenous population, diluting the influence of the native people.

So what does this have to do with nickel? Well, nickel is the New Caledonian economy. The territory is the world's third largest producer of primary nickel, and it accounts directly and indirectly for about a quarter of New Caledonia jobs. Like Copper, nickel is a key ingredient for many products powering the green energy economy, such as lithium ion batteries for EV's. But unlike copper, which is hitting record highs, nickel prices have collapsed recently due to oversupply.

That's an economic disaster for New Caledonia, and that malaise is also fueling these protests. Toby, French President Emmanuel Macron has a serious problem on his hands. Yeah, it does, because France was trying to roll out this new kind of policy where they're trying to leverage their own nickel storages to reduce the influence of China in the region. China has a very large kind of stranglehold on the resources within the Indo Pacific region. And so Emmanuel Macron has been very vocal about saying, like, hey, we want to leverage New Caledonia to propel our own EV efforts and propel our own european battery factories.

Toby Howell
And yet here they are having a lot of tension here because of a variety of things, falling nickel prices, and then that law that they are trying to pass. And when the people of New Caledonia hear Macron being like, we want to use all of the nickel reserves in this remote Pacific island to buttress our own manufacturing, our own geopolitical standing to them, that. That says that they hear colonialism. And, you know, nickel has been a big part of the french draw to this territory ever since the 19th century, and so they're rebelling against this, you know, french neocolonialist, at least rhetoric that Macron is doing. So we'll see how this plays out.

Neal Freyman
Just the problem is these prices have been collapsing, which has cratered their economy. They've three nickel processing factories on the islands that are. That could go out of business, because nickel prices have collapsed. Indonesia started producing a ton of nickel, which flooded the market. And so there's.

In the copper industry, you have this oversupply or this undersupply, they can't find enough copper. Meanwhile, over in nickel, which has similar properties and is similar inputs into all these clean energy products, they have way too much supply. I do think, though, that demand is expected to triple in the coming years. So I do think eventually the price will bounce back. But at the time being, you're right, it is contributing to a lot of New Caledonia's malaise, and prices have increased.

7% over the weekend due to this unrest. Finally, neuralink, Elon Musk's brain implant startup, is looking for another human guinea pig after the FDA greenlit a trial to put its brain chip in a second person skull. Remember five months ago, a quadriplegic man named Nolan Arbaugh became the first person to receive the brain implant. And he wowed the world by playing chess, just by thinking about his next move. Probably could have beaten Toby, too.

Arba was positively overwhelmed by the experience, which seemed to prove Elon's point that this technology could allow people with paralysis to communicate and interact with the world by controlling devices just with their brain activity. Then things got bumpy, though. Arbaaz device stopped working as well as it had been, which the company attributed to 85% of the threads inserted in his brain coming loose. He said he was crushed. The good news?

After some investigation, Neuralink fixed the problem and made the device work even better than it was before the threads came undone. Now Neuralink is looking for its next human trial subject on its way to hit a goal of implanting ten people with the devices here. Toby, when this guy talks about how his life has changed because of the brain chip, you get the sense this could be revolutionary. Yeah. He went through a wave of emotions, too, because it did change his life.

Toby Howell
And then the performance fell. But then the performance came back. Turns out that the brain just moves a lot more than you'd expect inside the skull. The team at Neuralink says that the brain moved up to three times what the company actually expected, which contributed to a lot of these threads becoming unattached. They inserted 64 of these internal, or these external threads, and only 15% are remaining.

And it's just because you're just jostling around in there, which is surprising, because they've never done this before, so you can't know until you actually try. And then, yeah, the team has found a way around the issue and the way that they've done that is by essentially taking the ones that are, are in clumps of neurons that are still firing, still providing data and just switching off all the other ones. And those, the 15% are still actually doing very well. And he said that he's seen performance get back to even above levels that he had before. So a lot of things to expect in your first human trial.

And I think that there's a lot of good data coming out of this. Yeah. And they have over 1000 patients banked who want this, who want this implant, at least in the United States, so they can choose from there. And they also want to expand to Canada and Britain. They just need to do more trials like this.

Neal Freyman
And, you know, there, there's a joke like, why would you let Elon musk put a chip in your brain? Well, apparently there are a lot of people. Because when you look at what this guy says about how this has changed his life, you know, in various interviews, he said, I didn't have anything to wake up for in the morning, and this has changed that for me. And he was so crushed when this thing stopped working as well as it had been when these threads came undone. So it really is just miracle technology.

Say what you want about Elon Musk putting a brain chip in your, in your skull, but it really seems to be a revolutionary piece of tech. Yeah. A thousand quadriplegics have applied, although they are saying they've having some issues. They're trying to get a more diverse group in there. And one challenge is a lot of the people signing up tend to skew white and male.

Toby Howell
So that's one more final wrinkle that they need to figure out in order to actually do a proper study on, on these blade chip implants. All right. That's all the time we have for today. Thanks so much for listening and have a great Tuesday. I'm loving the weather we're getting right now in the city.

Neal Freyman
New York Metro weather gave us a ten out of ten yesterday. I'm thinking we're going to score back to back tens today. For any thoughts on the show, send a note to our email morningbrew daily@morningbrew.com or you can call Toby on his cell phone, 941. No, I'm kidding. Let's roll the credits.

Emily Milliron is our executive producer. Raymond Liu is our producer. Olivia Graham is our associate producer. Lonnie Fiskus is our technical director. Dan Baoza is on audio.

Hair and makeup is hatching a plan to save red Lobster investors, possibly you. Devin Emery is our chief content officer, and our show is a production of Morning Brew. Great show today, Neil. Let's run it back tomorrow.

Toby Howell
Let's run it back tomorrow.