Nike in Freefall, OpenAI Fires Spies, & G7 Dumps 100M Barrels | PBD #867

Nike's brand and China revenue collapse, AI-firm espionage fears, and a mostly symbolic G7 oil release dominate this wide-ranging commentary episode.

• Nike's collapse: Market cap fell from $264B (2021) to $150B; Greater China revenue dropped 22% (26% currency-neutral) last quarter, nine straight quarters of China declines, and Mbappé signed a $210M/10-year deal with On Cloud instead of Nike or Adidas.
• AI espionage fears: OpenAI fired three safety researchers for leaking confidential info; hosts cite convicted Chinese-national engineers at Google, Apple, Skyworks and Avago as evidence of a broader espionage pattern in US tech.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.