Why Uber Is Spending $2.3B on a Catering Company

Episode 285: Today, John and Emily discuss Uber’s plan to buy catering company ezCater for $2.3 billion – and how the rideshare giant is continuing its push to become an “everything app.” Then, we dig into earnings from frozen potato giant Lamb Weston and what its latest quarter tells us about the appetite for fries. Also, Amazon just landed a six-year deal to become the exclusive global home of the Emmy Awards – we analyze the move. Finally, we spin through a few market headlines, including Paramount officially closing its merger with Warner Bros. Discovery and why memory maker Seagate’s stock is falling. CHAPTERS: 00:00 Uber's $2.3B Push into Catering 05:25 Visit Schwab.com/FinancialDecoder 06:05 The Demand for Fries 11:43 Amazon Takes over the Emmys 15:33 Market Close 🌐 https://www.brewmarkets.com 💸 Subscribe to the Brew Markets newsletter: https://www.morningbrew.com/brew-markets/subscribe?utm_campaign=evergreen&utm_medium=youtube&utm_source=bm 🔗 Follow Brew Markets on social: Instagram: https://www.instagram.com/brewmarkets TikTok: https://www.tiktok.com/@brewmarkets X: https://www.x.com/brewmarkets Brew Markets Daily is hosted by Hanna Horvath and Dylan Lewis. Production by John Crotteau, Tariq Abdellatif, Avani Laroia and Emily Milliron. The content in this video is accurate as of the posting date. Reruns may feature on-screen sponsorships from prior broadcasts. The content shared on this podcast is for informational and entertainment purposes only and should not be considered financial, legal, or investment advice. Brew Markets, Morning Brew and their hosts are not licensed financial advisors. Listeners should conduct their own research and consult with qualified professionals before making any financial decisions or investments. The views expressed are those of the hosts and guests and do not necessarily reflect the views of Morning Brew or its affiliates. This podcast may include paid endorsements or sponsorships.