CBX Daily 3/25/2024

Author

Sabrina Lynch
March 25, 2024

Today the older generation has something to smile about as their fate has been sealed, but let’s start with how the anti-obesity fight against Blacks is revealed…

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Unbalanced Scales: Are Anti-Obesity Meds Limited For Black People?

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Gluttony for lily-white cash is the sin du jour that’s preventing Black populations from accessing life-changing treatment for obesity. The healthcare industry is currently experiencing a rise of interest in drugs that prevent weight gain and treat diabetes, however these particular medications are unavailable particularly for Blacks. One of the reasons being their cost and exclusion from Medicare coverage. The scales of accessibility don’t exactly tip in favor of people of color who are at greater risk for developing issues with weight management, especially Black women.

Workers 65+ Are Seeing The Race Gap In U.S. Employment Fading

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While progress has been made in closing the race gap in employment, there are still areas where disparities persist. One area of interest is the employment of workers aged 65 and over. In the last 10 years, the gap in the Black-white employment-to-population ratio, which measures the share of all employed workers out of the total working-age population, has diminished from 1.3 to 0.8 in this age group. 

Can Black Investors Enter The Agriculture Game Without Becoming Farmers?

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Rice, yams, watermelon and okra are all crops that originally entered the United States through the enslaved people taken from Africa over a century ago. Africa imported approximately 85% of its food from 2016 to 2018, racking up a food import bill of $35 billion. Food import costs are forecasted to reach $110 billion by 2025, even though there are around 33 million farms across the continent. In order for Africa’s agriculture to reach its full potential it will need investment.

Adidas Suffers From Yeezy's Blow As U.S. Sales Tumble

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It's no secret Adidas (ADDYY +2.79%%) has had a tumultuous ride when it comes to its partnership with Ye. Just when the tide was about to settle and the German sportswear brand had projected a $542.3M profit in 2024 after a $63M loss in 2023, things are taking a turn for the worse. Top markets are registering incredibly low sales with high levels of inventory.

Atlanta Issues Microsoft Ultimatum Over 15,000 Unfulfilled Job Promises

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Microsoft promised to bring 15,000 jobs to Atlanta and build innovative data centers on 90 acres of land. Yet, the reality falls far short of this commitment, leaving Atlanta questioning the sincerity of corporate promises in an era tainted by unprecedented tech layoffs.

Vibes of the Week

What’s up with the “Trust Issues” when it comes to Blacks getting anti-obesity meds? Maybe Charisma and Bensoul can answer. Get into it in our CBX Vibes!