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California city approves new Costco project as residents question need

A new Costco warehouse and gas station are one step closer to coming to Downey, California, after city leaders approved a development agreement for the project, though not everyone is convinced the area needs another location. The Downey City Council recently voted to move forward with plans for the new…

Adobe’s Lara Balazs Says CMOs Need to Reinvent Themselves to Thrive

At Adobe, the marketing team is first to test many of its own products. “I am customer zero at the company,” said Lara Balazs, Adobe’s chief marketing officer. “We are co-creating the products that allow us to go to market. I can give the product people feedback on what works and what doesn’t.”Balazs joined Adobe 18 months ago from Intuit, where she also led marketing. She said that being a CMO today means getting ahead…

Finance news

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The engineer who became Anthropic’s political secret weapon

When Anthropic found itself in a high-stakes standoff with the White House over its newest AI models, it wasn’t CEO Dario Amodei who smoothed the tensions. Instead, one of the company’s quietest cofounders stepped in.Tom Brown, Anthropic’s chief compute officer, helped negotiate a deal that persuaded the Commerce Department to…

Business

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Kroger to buy Giant Eagle for .65B after failed Albertsons merger

Kroger announced Wednesday it will acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, marking the grocery giant’s first major acquisition since regulators blocked its proposed $25 billion merger with Albertsons nearly two years ago. The acquisition will strengthen Kroger’s presence across several Midwestern and Mid-Atlantic markets as…

Markets

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Unilever Leandro Barreto Says Creators Changed Vaseline’s Future

Vaseline is a 155-year-old brand that has been “reinvented through the hands of creators,” said Leandro Barreto, chief marketing officer at Unilever. Barreto said brand leaders thought Vaseline was a straightforward beauty brand, but they learned that customers use the product in many different ways — like on their dog’s…

Investing

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