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A Starbucks coffee cup is seen outside a Starbucks coffeeshop in Washington, DC (Saul Loeb/AFP via Getty Images)
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Cinnamon, Sharpies, and the 1990s: Brian Niccol’s plan to save Starbucks

The strategy? Make it 1997 again through science or magic.

Max Knoblauch

Brian Niccol was hired to turn things around at Starbucks, and the new CEO is already bringing in some of that classic Niccol heat.

The former Chipotle boss, who oversaw the development of Chipotlanes (drive-throughs) and an 800% increase in the companys share price from 2018 to 2024, has spent a sizable chunk of his first 52 days at Starbucks coming up with ideas to return the $110 billion global chain to its former glory.

A nonexhaustive list of those plans (which, perhaps notably, does not include changing or improving the taste of the coffee in any way whatsoever):

If most of these ideas sound like just Starbucks in 1998, thats by design. Niccol said he wanted the chain to reclaim the third place vibe customers once associated with it and pivot back toward the idea of a community coffeehouse.

The test for Niccol and Starbucks will be if misspelling customer names (charming) and trusting customers with their own milk (homey) will be enough to snap three straight quarters of declining sales, cover its free fall in China, or make up for the nearly $250 million it spent fighting its workers unionization efforts (mostly unsuccessfully).

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After upsetting GOP senators, GM scraps its EV tax credit extension plan

Roughly a week after it was first reported, GM’s plan to extend the now expired $7,500 US federal EV tax credit to customers through a leasing program is no more.

Last week, Republican Senators Bernie Moreno (Ohio) and John Barrasso (Wyoming) wrote a letter to Treasury Secretary Scott Bessent urging him to change the IRS rule that they said allowed automakers to game the law that ended the tax credit, “bilking” taxpayers.

Automakers GM and Ford, which each saw juiced-up EV sales ahead of the tax credits expiration, sought to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

Automakers GM and Ford, which each saw juiced-up EV sales ahead of the tax credits expiration, sought to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots. Those payments would qualify for the credit prior to its expiration, and the automakers would pass the savings along to lessees for several more months.

GM will now instead fund the incentive through the end of October without claiming the tax credit, Reuters reports.

Ford did not respond to a request for comment on whether it will similarly scrap its plans.

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Taco Bell is named the fastest drive-thru for a fifth year, but it may have lost a human touch with AI

Though Chick-fil-A was the slowest fast-food drive-thru, it was considered the friendliest, per the latest QSR report. At the Golden Arches, however, customers weren’t lovin’ the vibe.

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