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Tom Jones

Olive Garden’s same-store sales slowed again

While other chains are offering deals to try and lure inflation-weary customers back through their restaurant doors, Olive Garden is keeping prices right where they are, despite same-store sales dropping another 1.5% year-on-year in its most recent quarter.

The Italian-inspired chain famed for its hearty pastas and endless breadsticks has seen decent footfall so far this year, according to data cited by the WSJ, suggesting that OG fans are pulling back a little when visiting the restaurant, with the chain’s CEO acknowledging consumers’ inflation concerns.

Olive Garden Sales Growth

The Italian-inspired chain famed for its hearty pastas and endless breadsticks has seen decent footfall so far this year, according to data cited by the WSJ, suggesting that OG fans are pulling back a little when visiting the restaurant, with the chain’s CEO acknowledging consumers’ inflation concerns.

Olive Garden Sales Growth

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

Capsule Pill and Dots

Justice Department accuses telehealth Zealthy of fraud, says remedy may bankrupt it

The feds say they don’t think Zealthy has the liquidity to pay what it owes customers.

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