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Morning Brew Daily

23andMe Files for Bankruptcy & Sesame Street’s Rocky Finances

Tue, 25 Mar 2025

Description

Episode 546: Neal and Toby recap the downfall of genetics company 23andMe, who was once one of the hottest startups, ultimately filing for bankruptcy. But a big question looms: what happens to all that data? Then, shoppers are getting so desperate to buy cheaper eggs that they’re traveling all the way to Mexico and trying to smuggle them into the US. Meanwhile, Sesame Street is facing a number of financial challenges that are threatening to end the once-beloved children’s education program. Also, Toby examines the trend of a fitness influencer’s viral morning routine that’s led to a stock bump for a water company.  Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Learn more at sophos.com Get your MBD mug here: https://shop.morningbrew.com/products/morning-brew-daily-mug  Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

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Transcription

Full Episode

0.603 - 19.54 Advertisement Narrator

It's smart to always have a few financial goals. And a really smart one you can set? Earning cash back on what you buy every day. And with Discover, you can. Get this. Discover automatically matches all the cash back you've earned at the end of your first year. Seriously, all of it. And we trust you to make smart decisions. After all, you listen to this show.

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19.72 - 22.063 Advertisement Narrator

See terms at discover.com slash credit card.

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24.926 - 30.93 Neal Freiman

Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, 23andMe went bankrupt.

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31.07 - 42.578 Toby Howell

So what happens to all of our DNA? Then U.S.-Mexico border agents are seizing a lot of contraband these days. But I'm not talking about drugs. I'm talking about eggs. It's Tuesday, March 25th. Let's ride.

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49.244 - 71.741 Neal Freiman

March Madness hasn't even gotten to its second weekend yet, and a bracket savant is already walking away with a $1 million prize, courtesy of Warren Buffett. An anonymous employee of Flight Safety International, a subsidiary of Buffett's Berkshire Hathaway, won the $1 million after correctly picking 31 of the 32 games in the first round today. of the men's college basketball tournament.

72.041 - 92.752 Neal Freiman

Buffett has been running this bracket contest for years, but relaxed the rules this March because he desperately wanted someone to win while he was still up and at them. It worked, and interestingly, this employee was one of 12 Berkshire employees in total to pick 31 of the 32 games, but he took home the top prize because he correctly chose 29 games consecutively before a loss.

93.052 - 96.054 Neal Freiman

Toby, I've never seen someone so happy to give away a Millie.

96.434 - 116.401 Toby Howell

I mean, this was the year to do it. This is the first tournament since 2007 that no team seeded 12 or lower made it to the Sweet 16. It's also the first time in history that the Sweet 16 is made up of only power conference teams. So you're only seeing teams from the SEC, Big 10, Big 12, and ACC. That is it. So no Cinderella story this year.

116.761 - 137.531 Toby Howell

So it was the perfect storm of, you know, Buffett getting more lenient in his older age, plus this being a historical outlier in terms of chalkiness of the overall tournament. Regardless, pretty sweet bonus to take home, and glad Warren finally found the sweet spot for his prize. Now a word from our sponsor, Sophos. Neil, quick, your apartment catches on fire. What's your first move?

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