<p>1. There’s a new CEO at a Seattle coffee giant.</p><p>2. Struggling with fading sales and disgruntled investors, Starbucks announced it’s replacing CEO Laxman Narasimhan with Brian Niccol, who’s the chairman of Chipotle.</p><p>3. Narasimhan, who spent a little more than a year leading Starbucks, will step down immediately with Niccol stepping in in just under a month.</p><p>4. Starbucks has been dealing with multiple issues, including inroads by lower-cost competitors in China and boycotts in the Middle East and elsewhere related to the Israel-Hamas war. I’m Shelley Adler.</p>
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