Red Lobster’s 36-year-old CEO got the company out of bankruptcy. Now he’s plotting the ‘greatest comeback in the history of the restaurant industry’

Avi Schiffman, a 22-year-old CEO, is making waves with his AI wearable, friend.com, and his bold $1 million ad campaign that embraces graffiti as part of the artistic expression. He believes that capitalism serves as a powerful medium for creativity, stating that the audience plays a crucial role in completing the artwork. This perspective not only highlights the intersection of technology and art but also sparks a conversation about the evolving nature of advertising and public engagement.

Lyft CEO David Risher recently shared insights about the unique experiences of drivers and riders, likening the role of a driver to that of a therapist and bartender. His perspective emphasizes the importance of understanding the driver experience, which can enhance the overall service. This approach not only highlights the human aspect of ridesharing but also reflects Risher's commitment to improving the platform, making it more appealing for both drivers and riders.

The recent closure of a 135-year-old pharmacy chain marks the end of an era for a brand that has been a staple in many communities. Following a Chapter 11 bankruptcy liquidation, the final stores have shut their doors, leaving loyal customers and employees feeling the impact of this significant loss. This closure not only affects the local economy but also highlights the challenges faced by traditional retailers in an evolving market.

Grindr's CEO, who started with just $500, is making waves with his unconventional parenting approach. He plans to take his kids to the office and on ski trips to instill resilience and grit in them. This perspective not only highlights his commitment to raising self-sufficient children but also reflects a growing trend among successful entrepreneurs who believe in experiential learning over traditional wealth inheritance.

First Brands Group LLC is facing serious scrutiny as a newly formed board committee investigates its use of approximately $2.3 billion in off-balance-sheet financing. This revelation has raised significant concerns among investors, especially as the company has recently entered bankruptcy. The investigation highlights the potential risks and lack of transparency in financial practices, which could have broader implications for the auto-parts industry and investor confidence.

As New York City prepares for the election of a democratic socialist mayor, a notable trend is emerging: wealthy residents are fleeing to the suburbs. This phenomenon, referred to as the 'Mamdani effect' by Westchester agents, highlights the growing concerns among affluent individuals about the city's future under new leadership. A Manhattan realtor expressed that she has never witnessed such a drastic reaction to a mayoral election, indicating a significant shift in the housing market and urban dynamics. This trend matters because it reflects broader societal anxieties and could reshape the economic landscape of both the city and its surrounding areas.

Assort Health has successfully raised $76 million in a Series B funding round, led by Lightspeed. This significant investment highlights the growing confidence in Assort Health's innovative voice AI healthcare platform, which aims to enhance patient care and streamline healthcare processes. The funding will enable the company to expand its technology and reach, ultimately improving healthcare accessibility and efficiency.

First Brands has filed for bankruptcy, disclosing billions in liabilities that could significantly impact its operations and stakeholders. This situation highlights the challenges faced by companies in today's economic climate, raising concerns about job security and the future of the brand.

First Brands has filed for bankruptcy protection as concerns over its off-balance-sheet debt have come to light. This situation is significant because it highlights the financial vulnerabilities that can exist within major companies, potentially impacting their employees, suppliers, and the broader automotive industry.

In a recent discussion, RBC CEO Dave McKay shared insights on how Taylor Swift's approach to leadership and engagement has influenced his own management style. This highlights the importance of adaptability and connection in today's corporate environment, showing that even top executives can learn valuable lessons from unexpected sources. McKay's reflections not only shed light on his personal growth but also emphasize the evolving nature of leadership in the modern world.

Argentina's government took action on Wednesday by selling dollars in the spot market to combat the ongoing decline of the peso, which has now dropped for three consecutive days. This move is significant as it highlights the challenges the government faces in stabilizing the currency and restoring confidence among investors and citizens alike.

The US Supreme Court has decided to block President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook, allowing her to keep her position while her lawsuit proceeds. This is significant as it highlights the ongoing legal battles surrounding Trump's administration and the independence of the Federal Reserve. The court's decision to defer action on Trump's removal bid shows a commitment to due process, and it sets the stage for a crucial hearing in January that could impact the future of Cook's role and the Federal Reserve's governance.

Peloton's CEO, Peter Stern, expressed confidence in the company's new pricing strategy during a recent interview on 'Bloomberg Markets.' With a significant overhaul of its hardware lineup and increased prices, Stern believes these changes will enhance the brand's appeal and market position. This is important as it reflects Peloton's commitment to innovation and adapting to consumer demands, potentially leading to improved sales and customer satisfaction.

Snapchat has announced that its heaviest users will soon face a small charge for additional storage, a move that has sparked concern among its user base. This change is significant as it could impact how users interact with the platform, especially those who rely on it for sharing large amounts of content. The decision reflects a growing trend among social media platforms to monetize services that were previously free, raising questions about the future of user engagement and satisfaction.

Former President Donald Trump announced that he will meet with Chinese President Xi Jinping in four weeks to discuss soy trade. This meeting is significant as it highlights ongoing trade relations between the U.S. and China, particularly in the agricultural sector, which has been a point of contention in past negotiations. The outcome could impact farmers and the broader economy.

Intel is reportedly in early discussions to bring AMD on board as a foundry customer, according to Semafor. This potential partnership could mark a significant shift in the semiconductor industry, as it would allow AMD to leverage Intel's manufacturing capabilities. Such a collaboration could enhance competition and innovation in the market, benefiting consumers and businesses alike.