CBX Daily 7/18/2024

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CultureBanx Team
July 18, 2024

Today find out how a hurricane can create a safety net, but let’s start with how weight loss drugs are trimming waistlines and expanding wallets…

Cultural Intelligence Download

Weight Loss Drugs Are On The Come Up 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.

How To Economically Rebuild The Caribbean After A Hurricane

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According to a CARICOM analysis of a 2016 IADB report, six Caribbean countries would require an investment of $1.8 billion to replace inadequate housing due to impoverished building methods that leave devastating results after a natural disaster. Hurricane Beryl has had a devastating impact on Carriacou, Petite Martinique, and other Caribbean islands which has prompted many to think about what the future holds regarding tangible spaces for communities within the African Diaspora.

Google Cleans House By Erasing Browsing Record History

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Google (GOOG -0.77%) is finally settling a four-year old class action lawsuit. The tech giant was accused of improperly tracking the web-browsing habits of users who believed their activities were private in Incognito Mode. This private browsing option is designed to provide a cloak of anonymity, shielding users' digital footprints from prying eyes. However, the plaintiffs alleged that Google's actions betrayed this fundamental promise, intentionally deceiving millions of individuals who believed their online escapades remained concealed.

IPO Demand Is Waning Down 12% Globally?

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Wall Street seems to have pumped the brakes on Initial Public Offerings (IPO) as the markets continue their roller coaster run. Globally, IPO demand is waning down 12% as companies continue trading below their offer price. Herein lies the problem, fund managers tend to shy away from new issues, if recent ones they have bought are performing badly. This could keep IPO activity in the doldrums for the remainder of the year.

Is FemTech Changing Women’s $65 Billion Healthcare Market?

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Solutions tailored for subpopulations are emerging for Black women in the “FemTech” space. Products ranging from menstrual shapewear, fertility products, and healthcare networks have been created with the sole purpose of catering to the unique needs of women. Investors have increasingly supported a growing number of female-led, women’s health startups with the industry worth $22.5 billion in 2020 and expected to grow to $65.3 billion by 2027.

Vibes of the Week

Planting ”Money Trees” and harvesting hope after a hurricane. Kendrick Lamar drops some bars in our CBX Vibes!