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Today, there’s a $5 billion lift for Oakland Coliseum’s redevelopment, but let’s start with how Coca-Cola is contemplating a Costa coffee displacement…

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Costa No Longer Coca-Cola’s Cup of Coffee in A Brewing Sale

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Coca-Cola (KO +0.10%) is hinting at the potential sale of Costa Coffee. The beverage giant acquired Costa Coffee in 2019 for $5.1 billion in a bid to to diversify beyond soda and tap into the booming global coffee industry. However, over the last few years, the surge in coffee prices has been disheartening for industries and this may be one of the reasons for the sale. If the sale goes through, the company may be handed over for less than half of its 2019 sale price.

New Era: Oakland Coliseum Sold In $5 Billion Urban Redevelopment Deal

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Oakland city leaders are celebrating a new deal that will inject some much needed cash into the city. The iconic Oakland coliseum has been acquired by the African American Sports and Entertainment Group (AASEG) as a central part of their multibillion-dollar plan to redevelop the 112-acre site with affordable housing, commercial space,  entertainment venues, sports facilities and more. Oakland is set to receive $105 million from the sale, being enough to avoid major cuts to police and fire departments due to financial problems the city is currently facing 

AI Is Coming & These 5 Industries Better Be Ready For a Transformation

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Artificial intelligence has already transformed how major companies operate across multiple sectors. AI systems now handle critical business processes that once required extensive human oversight, such as automated fraud detection in banking and predictive maintenance in factories. In McKinsey's study, 78% of respondents said they use AI in at least one business function as of July 2024. In PwC's study conducted in October 2024, 49% of tech leaders reported that AI was fully integrated into their core business strategy.

How SVB Catalyst 2045 Is Reshaping Capital And Innovation On Martha’s Vineyard

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SVB’s Catalyst  2045 program is leading innovation by providing unparalleled access to ecosystems that have historically excluded emerging founders and fund managers. By bringing these groups together on Martha’s Vineyard, the island’s deep cultural resonance, its history as a Black summer haven, juxtaposes the concentrated cultural capital and economic mobility on offer. 

How Digital Hustle Is Powering Growth In The Creator Economy

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As the creator economy continues to explode, people making the content are carving out new ways to own their content and capitalize on their influence. The global market of the creator economy could roughly double in size, according to Goldman Sachs, and reach $480 billion by 2027. When creators control how they monetize, who sees their data, and how they scale, they build lasting equity.

Vibes of the Week

Coca-Cola is about to “Free” Costa Coffee, as 2 Chainz and Vory tell it in our CBX Vibes!