Dunkaroos are back... General Mills makes Lucky Charms, Cocoa Puffs, and everything else you ate when you were 12. GM's sales popped 10% last quarter — surprising, since cereal sales have fallen each year for the last decade. Instead of hitting the bagel shop pre-work, you're pouring Cheerios at home. But GM's terrified you'll return to pre-pandemic eating ways, so it's doing some "Relevant Innovation" with new products like: Starburst-flavored Yoplait and Go-Gurt Slushies (niiice).
Not the chewy bar... GoodRx is a price comparison app for prescription drugs that offers pharmacy discounts. It raised a healthy $1B in its IPO from "VIP" institutional investors. Then, the stock soared 53% Wednesday after going public on the Nasdaq (for the rest of us). Unlike most tech IPOs, GoodRx is profitable. In the 1st half of 2020, it made almost as much profit as it did in all of 2019. It's the #1 most downloaded medical app because it's filling two major healthcare gaps: lack of affordability and lack of simplicity.