iProblems... Apple shares dipped 2% on word that Chief Design Officer Jony Ive (the man behind the look/feel of the iPhone, iPad, iPod, OG MacBook, and new Apple HQ) is leaving to start his own company. Then we learned that the new Apple News+ subscription service isn't delivering for the participating magazines and news sites — one publisher said it's getting "one-twentieth" the revenue they expected.
Driving off into the sunset... Tesla's head of production reportedly left the company, with brutal timing — this week Tesla announces its production and delivery numbers for the 2nd quarter. It needs to quiet skeptics who wonder if demand for the Model 3 is slowing. PS: There was another report that Musk's building a secret battery lab.
Pets > People... Lucky Charms pioneer General Mills revealed that its snacks biz is suffering, with sales falling 2% last quarter (the CFO admitted that Fiber One bars "fell out of step" with diet trends). Good thing humans are spending more on their pets than on themselves — GMills' pet food sales surged 38% because it acquired Blue Buffalo last year, along with its fancy meal options for Fido (bison, rabbit, halibut, and alligator are go-to ingredients).