CBX Daily 2/26/2025

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CultureBanx Team
February 26, 2025

Today, DEI changes Black brands’ fate, but let’s start with how obesity meds dominate…

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Anti-Obesity Drugs Continually Gaining Profits In A $44 Billion Market 

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Obesity stands as a significant public health issue in the United States, disproportionately affecting racial and ethnic minority communities. Approximately 71 million adults in the U.S., or one-third of the total adult population, were classified as obese. Particularly, the Black community bears the brunt of this health crisis as 49% of adults in this demographic qualify as obese. Over time, pharmaceutical companies have developed anti-obesity drugs, offering a glimmer of hope in a market that’s expected to reach $44 billion by 2030.

Black-Owned Brands Face A New Era With Target’s DEI Cutbacks      

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Target’s recent move to scale back its diversity, equity, and inclusion (DEI) initiatives could have unintended consequences for Black-owned brands, whose rapid growth and increasing influence in the market may be undermined by any perceived sales disruption. Black-owned businesses are a fast-growing segment in the retail industry, contributing significantly to the economy–$150 billion. Brand owners who retail their products at Target are urging their consumers not to abandon them at this time.

AI-Charged Romance Is Increasing Love Scams     

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Valentine’s day may be world's love day but it has also become the ‘simp for you’ scammers who are ready to prey on victims looking for love. Dating websites and apps are rapidly evolving to meet growing consumer demand for new ways to make meaningful connections. Artificial intelligence has been at the forefront of reshaping the dating industry, but the tech has also opened the door to new threats which affect the population's wellbeing. Over the past five years, people have reported losing a staggering $1.3 billion to romance scams and confidence fraud - with $652 million in losses in 2023 alone.

Tune-in Tuesdays!

The stock market is increasingly becoming volatile even for established companies that have performed well for years but are now on a downward trend. Is this a sign of looming economic trouble, or a new era of financial innovation?

A. "Changes" by Jeremih – The market is evolving and adapting to new forces. Whether these changes are positive or negative remains to be seen, but innovation and disruption often come with growing pains and uncertainty
B. "Creep" by TLC – The darker side of the market has been exposed, where unethical practices thrive, creating a system that doesn't always serve the greater good and pushes out those who don't conform
C. "Reckless" by Arin Ray – The volatility now highlights reckless financial innovation, and how financial markets often prioritize profits over stability and fairness

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and when it comes to women’s sports, most people agree to let the women ‘Run the World’.

Amazon's FBA Playbook Is Creating A New Wave Of Digital Entrepreneurs     

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Amazon (AMZN -0.89%) has grown from a direct retailer to a thriving marketplace with third-party sellers now bringing in 61% of its total sales. This creates opportunities for founders like Ron Earley, CEO of Greywolfe Investing, a wholesale automation company specializing in Fulfillment by Amazon (FBA) services. Thanks in part to the FBA business model Amazon's marketplace has seen incredible growth, with independent sellers hitting new revenue milestones garnering the attention of the next era of digital entrepreneurs and investors alike.

Why The Rich Get Richer & The Poor Get Poorer By The Decade    

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Inheritance. Sure. It's one way of becoming a billionaire. However, there's a small group of ultra-rich individuals who have amassed a significant amount of wealth through corruption. To put it in perspective, the number of billionaires grew by over 200 in a span of twelve months between 2023 and 2024. On the other hand, 44% of the global population is poor. The proceeds of corruption are far-reaching seeing how easy it is to rise to Maslow's hierarchy while in three decades, the number of poor people keeps growing.

Vibes of the Week

There’s “No More Hiding” as the anti-obesity industry experiences a boom. SZA expounds in our CBX Vibes!