Mattel’s AI Toys, Bacon Inflation, and Starbucks' New Turnaround Plan
Mattel is partnering with OpenAI to infuse AI into toys like Magic 8 Ball and UNO, with new AI-powered products expected this year — part of Mattel’s broader push beyond plastic and into digital experiences. Meanwhile, bacon prices are up nearly 20% year-over-year due to tariffs, higher production costs, and California’s animal welfare laws, potentially making the price spike permanent. Oracle shares cooled slightly after reaching an all-time high, still riding momentum from strong cloud earnings. And Starbucks CEO Brian Niccol is rolling out a turnaround plan: trimming 30% of the menu, launching protein lattes, promising no price hikes this fiscal year, and leaning on algorithms to improve service speed.
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