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I’m an award-winning editor and writer with two decades in business journalism, along…
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Danielle Sacks shared thisFascinating deep-dive into Barnes & Noble's improbable private equity-driven turnaround, featuring: book deserts, BookTok, pyramiding, AI-written books, an impending IPO and a indie bookselling folk hero CEO with two other jobs. Huge shout out to Adam Chandler on this one, whom I've worked with on some of my favorite Bloomberg Businessweek features, including Crumbl's Crumble and How America Got Hooked On HMart. I'll be cheering him on at his new gig at The Wall Street Journal! https://lnkd.in/e6bRxKStHow Barnes & Noble Became Private Equity’s Most Radical Retail ExperimentHow Barnes & Noble Became Private Equity’s Most Radical Retail Experiment
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Danielle Sacks shared thisIn the new issue of Bloomberg Businessweek we go deep inside Mercor, the controversial startup that anyone with a highly-skilled job fears. The big AI firms — Anthropic, OpenAI, Google— hire Mercor to recruit professionals, ranging from lawyers and management consultants to doctors and investment bankers (on and on), to train AI agents in how to do their job. Over time, the thinking goes, AI could have mastery over most white collar professions. One of the darker undercurrents in the story: the job market is so dismal right now, out of work professionals are willing to earn the $90 to $200 an hour as a Mercor contractor—"a grim final stop to monetize their expertise before professional extinction," writes journalist Tom Foster. gift link: https://lnkd.in/eyxB23ttThe $10 Billion Startup Training AI to Replace the White-Collar WorkforceThe $10 Billion Startup Training AI to Replace the White-Collar Workforce
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Danielle Sacks shared thisWhile Red Lobster's post-bankruptcy turnaround—and hot, new CEO—has largely been hailed a comeback, it's mostly just vibes. In Bloomberg Businessweek, Eliza Ronalds-Hannon and Anders Melin go under the hood—how the iconic American chain's "journey into a vortex of financialization and brand-gutting" has saddled it with onerous leases and unprofitable locations, while burning through cash and its survival in question. gift link: https://lnkd.in/eujtUy-M
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Danielle Sacks shared thisBloomberg Businessweek's deep-dive on the role Jeffrey Epstein played in the early days of Peter Attia's empire-building—and the fallout from the revelation of their four-year-long relationship. Courtney Rubin and Deena Shanker chronicle Attia's beginning as a nonprofit fundraiser who transformed himself into a longevity guru with an exclusive concierge practice for the wealthy. They get inside his portfolio of businesses—startup investing, advising and influencer deals—and his proximity to billionaires, like attending Jeff Bezos' wedding last summer. About the Attia-Epstein friendship: "What is clear is that Attia found a rare entrée to power and money and did not let the opportunity pass him by." Now, among the fallout is Oura, the wearables company valued at $11 billion, countersuing Attia for fraudulently concealing a “close friendship with a convicted sex offender.” Gift link: https://lnkd.in/dX3xZxKUPeter Attia’s Longevity Empire Rocked by Epstein FilesPeter Attia’s Longevity Empire Rocked by Epstein Files
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Danielle Sacks shared thisStarbucks might be struggling, but it’s got one group obsessed with it: tweens and teens. Deena Shanker and Dani Sirtori’s’s fascinating deep dive into how the coffee giant hooked kids — in the latest Bloomberg Businessweek. https://lnkd.in/eMwzu3YT
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Danielle Sacks shared thisCome work with me in what I think is the best beat in business journalism!Danielle Sacks shared this🚨 AWESOME JOB ALERT! 🚨 I’m #hiring. Come join the global business team at Bloomberg News and lead our consumer team in the US. Walmart. McDonald's. Procter & Gamble. Nike. They're some of the most recognizable brands in the world, companies that reflect the biggest trends in the global economy. And they're under pressure to serve an increasingly price-conscious and discerning global consumer. Bloomberg's US Consumer team covers the shifting fortunes of iconic corporations and new challengers in retail, food, restaurants, apparel and packaged goods. And we're looking for a leader in New York or Chicago to steer this vital area of coverage, working with reporters to nail scoops, write authoritatively on deadline, and generate features and projects across multiple platforms. Apply here: https://lnkd.in/etEMVQ7P
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Danielle Sacks shared thisI was thrilled when Matthew Boyle pitched me this Bloomberg Businessweek story, which is part industrial design-tale, part weird industry deep-dive, part culture study, and part parable for what even is the office in 2024. "Steelcase thinks it’s finally developed the Aeron killer with the Karman, a $1,072, 29-pound ergonomic beast named after the astronautic frontier called the Kármán line, the imaginary boundary 62 miles above sea level where the Earth’s atmosphere meets space and weightlessness kicks in." https://lnkd.in/ePpqHEZSThe Battle to Unseat the Aeron, the World’s Most Coveted Office ChairThe Battle to Unseat the Aeron, the World’s Most Coveted Office Chair
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Danielle Sacks shared thisBeef. Past Lives. Everything Everywhere All At Once. Euphoria. There are no greater indie masters of hipster cringe than the New York film company, A24. In Bloomberg Businessweek's latest cover story, Felix Gillette gets a rare, behind-the-scenes look at the enigmatic company that unbeknown to most, took $225 million in private equity backing at a $2.5 billion valuation. Now it's making the risky move of trying to become the next Hollywood juggernaut—action flicks, reality TV, franchises—at the very moment the entertainment industry is retrenching. "North of 60% of the people that go to see an A24 movie in a theater go because it’s an A24 film...Basically, A24 and Disney are the only two companies that test that way.” https://lnkd.in/e-_WzP3E
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Danielle Sacks shared thisCreatives are in a panic that AI will render them irrelevant. Corporations want to use Dall-E's creations, but don't want to get sued. Fascinating look at how Adobe, which long ago cornered the market on creative industries, is finally trying to outpace OpenAI and Midjourney with its highly-lawyered, G-rated, brand-safe AI art generator built on a trove of stock photography. "To get there will require Adobe to continue feeding off the work of its stock contributors, many of whom are surprised to learn they’re helping train a model that’s already begun to replace them." A fascinating Bloomberg Businessweek deep dive by Austin Carr and Brody Ford. https://lnkd.in/dSD4MTNFAdobe’s Very Cautious Gambit to Inject AI Into EverythingAdobe’s Very Cautious Gambit to Inject AI Into Everything
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Danielle Sacks liked thisDanielle Sacks liked thisStrangers is the year's blockbuster memoir, the account of a marriage's sudden implosion and the financial fallout after. Abha Bhattarai found women across the country who read Belle Burden's story as a cautionary tale and are now cracking the books on their own finances, no longer blindly trusting their husbands to take care. Burden’s memoir, published in January and now in its 12th printing, is pushing women around the country to take a harder look at their financial lives. Book clubs are doubling as personal finance forums. Workshops with names like “Don’t Be a Stranger to Your Finances” are selling out. And financial advisers and lawyers say the book’s influence is beginning to show up in their offices. The latest from the Equality and Money teams at Bloomberg News: https://lnkd.in/gWES33dZThe Hit Memoir Prompting Women to Rethink Their Marital MoneyThe Hit Memoir Prompting Women to Rethink Their Marital Money
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Danielle Sacks liked thisDanielle Sacks liked thisNice shoutout in this NYT piece from Jessica Grose - In 2024, Bloomberg’s Madison Muller spoke with several eating-disorder specialists who said that they’re “seeing an influx of patients who’ve relapsed after taking drugs like Ozempic.” She added, “In other cases, people at risk of eating disorders develop what one doctor calls ‘GLP-1 induced’ anorexia after taking shots they never should’ve been prescribed.” https://lnkd.in/gHbBfn23?
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Danielle Sacks liked thisDanielle Sacks liked thisAppreciation post for Max Bayer and Kyle LaHucik, who have challenged me to be a better reporter, celebrated the wins, listened during the rough moments and, obviously, made the biopharma beat a whole lot more fun. Journalism can be a tough business, which makes friendships like these even more meaningful. 🫂
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Danielle Sacks liked thisDanielle Sacks liked thisMy latest story for Bloomberg Businessweek goes inside the chaos, conflict and missed opportunities behind the national celebrations for America's 250th birthday, with new details on how both party-planning organizations -- the congressionally created America250 and the Trump-backed Freedom 250 -- are vying for and spending federal funds. Also, I dug up public records that reveal why some states weren't too keen on participating in Freedom 250's Great American State Fair, which kicked off this week. “Maine — they don’t want to be associated with the organizers of the Jan 6 events; Kansas also." Gift link here, please read and share! https://lnkd.in/gMZ-SJcEThe Money and Influence Behind America’s Very MAGA 250th Birthday PartyThe Money and Influence Behind America’s Very MAGA 250th Birthday Party
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Danielle Sacks liked thisDanielle Sacks liked thisI’m very excited to launch Founder in the Field on This Is TASTE. As the name says, it’s our way of showing how food founders actually leave their desks, conference rooms, and trade show floors. A connection to origin is often foundational, and is sometimes overlooked when writing about the Shoppy brands. The first episode is with Becca Millstein of Fishwife. We visited Spain and find out: ✔️ Anchovies wow. The time from the boat to the conserve production floor is something 🎣 ✔️ How does Fishwife communicate with the cannery? Specifically. 💻 ✔️ We went out six miles into the Bay of Biscay to observe the fishing up close. ⛴️ ✔️ Becca takes us to Bilbao to unpack pinxtos and how Fishwife takes a lot of inspiration from Spain 🇪🇸 LISTEN TO THE EPISODE: https://lnkd.in/einF_gj2 And to note, we can tell your story too. Reach out to me or Peter Romero
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Danielle Sacks reacted on thisDanielle Sacks reacted on this🚨🚨 PROFESSIONAL NEWS 🚨🚨 After 5+ years, today is my last day at Rest of World. I'll have more to share about where I’m going next shortly. In the meantime, some thoughts: I first came across RoW at the end of 2020 and was immediately delighted. RoW's brand of journalism was serious, rigorous, unflinching. But it was also surprising, colorful, even fun. At a particularly myopic moment in American culture, RoW was passionately curious about, well, the rest of the world. As a tech editor who also happens to be an immigrant with an (unfinished!) international relations degree, it was all a little too good to be true. I joined the team in the spring of 2021 — and it was even cooler from the inside. A fantastically talented, globally distributed newsroom dedicated to original, on-the-ground reporting. A directive to commission journalists to cover their own communities, rather than revert to parachute journalism. Amazing photography. Innovative visual presentations. Rigorous fact-checking. Immersive narratives that would never, and could never, be told at any other publication. Work that deserves — and wins! — all the awards. For the past five years, working at Rest of World has been a remarkable experience. Sometimes it’s felt like a dream! Thank you to the hundreds (thousands?!) of photographers, reporters, visual leads, editors, interns, illustrators, designers, fellows, fact-checkers, social people, and researchers around the world who I got to work with during my time here. You make this place what it is. Starting Monday, I’ll be cheering for the Rest of World team from afar. I can’t wait to see what they do next! Onward and upward, MZ
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Danielle Sacks reacted on thisDanielle Sacks reacted on thisTwenty years ago, right on the nose, I got my first full-time job in journalism. It’s been more fun than I could’ve hoped, and now our newsroom has kindly made me a senior reporter, which makes me and my wife and parents very happy. May the best be yet to come
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Danielle Sacks liked thisDanielle Sacks liked thisFor the Hamptons Issue of New York Magazine, I wrote about Stefan Soloviev, an heir to a Manhattan real-estate fortune, father to more than 20 children, and, by his own estimate, the largest individual landowner on the entire North Fork—the quieter of Long Island's two peninsulas. Soloviev told me that he calls the upgrades he makes to many of his properties "Stefanizing." What would it look like to Stefanize the North Fork, an area that has resisted extravagance? Locals are worried they’re about to find out. https://lnkd.in/g4HpQtBk
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Danielle Sacks liked thisDanielle Sacks liked thisFor the July issue of Bloomberg Businessweek, we traveled to Indianapolis to chronicle the meteoric rise of Eli Lilly and Company. Under CEO Dave Ricks, the 150-year-old drug giant has become the world’s most valuable healthcare company and the first to reach a $1 trillion valuation. But in the pharmaceutical industry, where patents inevitably expire, the greatest success stories are always plagued by the question of what comes next. And Ricks may have a plan to defeat pharma’s boom-and-bust cycle — once and for all. Grateful to have worked alongside our fearless leader Brad Stone on the July cover of Bloomberg Businessweek. This issue is a double-feature! With Amanda Mull, Ashleigh Furlong and Amber Tong, we also wrote about the flip side of Lilly’s success: the booming industry of black-market peptides. Read our July cover here 🎁🔗 {https://lnkd.in/eB7TQDjC
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Sangeeta Waldron
This is a must read for those working in communications, journalism, media, marketing, and for the rest of us who believe in truth, and it’s this quote from the article below which highlights the why: “Google’s AI overviews now reach 2 billion users a month and approximately a quarter of people use AI to get information, according to the Reuters Institute for the Study of Journalism.
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