MAGAISM/BRO CULTURE CRONYISM/CEOs RULE!/ELONISM
I am deeply ashamed': Larry Summers to step back from public commitments after new Epstein emails
Senator Elizabeth Warren: “[Summers] cannot be trusted to advise our nation’s politicians, policymakers and institutions — or teach a generation of students at Harvard or anywhere else.”
And an unidentified Trump administration official told Politico that companies and organizations should end their association with Summers.
The former Treasury secretary, along with Bill Clinton and the Democratic megadonor Reid Hoffman, are among the Democratic figures whom the Justice Department is investigating over Epstein ties — at President Trump’s behest.
Economist Warns That Trump’s Investments in the Tech Industry Could Crash the Whole Economy
Italian economist Mariana Mazzucato, a University College London economics professor:
“I think the kind of capitalism Trump has is crony capitalism.”
“I would describe crony capitalism as Mafia-like. You’re showing your upper hand. You’re handing out favors to some. But then divide and conquer. Picking and choosing without a particular strategy.”
She argues that the Intel deal is poorly designed because it doesn’t have any conditions to incentivize the company to be build new products, while the government simply acts as a passive investor.
All SNAP recipients required to reapply as Trump admin cracks down on fraud: 'Business as usual is over'
SEC to Allow Companies to Block Shareholder Proposals
The U.S. Securities and Exchange Commission (SEC) announced that it will not express opinions to requests from companies asking to exclude shareholder proposals from their proxy voting materials during the 2025-2026 proxy season, effectively allowing companies to avoid voting on issues proposed by investors such as climate, sustainability and diversity at annual meetings.
Elon Musk is set to make more than every U.S. elementary teacher combined
Washing Post: Bezos
White nationalist talking points and racial pseudoscience: welcome to Elon Musk’s Grokipedia: World’s richest person wanted to ‘purge’ propaganda from Wikipedia, so he created a compendium of racist disinformation
STAKEHOLDERS RULE!
‘We’ve probably made housing unaffordable for a whole generation of Americans’: top real-estate CEO on the real cost of Covid economic firefighting
Sean Dobson, CEO of The Amherst Group
Ford CEO says he has 5,000 open mechanic jobs with 6-figure salaries from the shortage of manually skilled workers: ‘We are in trouble in our country’
CEO James D. Farley, Jr: $24,861,866; 253:1.
Ford Family Executive Chair William Clay Ford, Jr. 20,379,912; 207:1
$519,845 for personal use of aircraft
$1,394,538 for security
E
Only 16% of Large Companies on Track for Net Zero
Missing at U.N.’s Climate Meeting: American Executives
WOKE DATA
Disney ditches 'diversity' and 'DEI' in business report for the first time since 2019
Nearly half of LGBTQ characters AXED from TV amid Trump-era rollback of woke DEI initiatives
According to Deadline, around 41% of the 489 LGBTQ characters that were on the small screen this year will not return due to series cancellations and endings.
AI
Jeff Bezos is putting $6.2 billion—and himself as co-CEO—behind a new AI startup
Project Prometheus
Vik Bajaj: Stanford
OpenAI accused of ‘consistent and dangerous pattern’ rushing product to market that is ‘inherently unsafe or lacking in needed guardrails’
The nonprofit Public Citizen is now demanding OpenAI withdraw Sora 2 from the public, writing in a letter to the company and CEO Sam Altman that the app’s hasty release so that it could launch ahead of competitors shows a “consistent and dangerous pattern of OpenAI rushing to market with a product that is either inherently unsafe or lacking in needed guardrails.”
Sora 2, the letter says, shows a “reckless disregard” for product safety, as well as people’s rights to their own likeness and the stability of democracy.
OpenAI didn’t immediately respond to a request for comment.
In the age of AI, CEOs quietly signal that layoffs are a badge of honor
People Are Having AI “Children” With Their AI Partners
Eli Lilly CEO says he has 'at least 1 or 2 AIs running' during every meeting he's in
David Ricks: Ricks said he doesn't like OpenAI's ChatGPT for science-related questions — "It's too verbal," he said. Instead, he prefers Anthropic's Claude and xAI's Grok.
Still, he has to be careful to watch for hallucinations, an issue the frontier model companies are still trying to tamp down.
The CEO of $2.2 billion AI company Turing can’t live without ChatGPT, swears by his Kindle, and has only taken 2 weeks of vacation in 7 years
Jonathan Siddharth; Stanford
STUPID
The CFO Centre names Natalie Garfield as new CFO
Heinz goes all-in on Thanksgiving leftovers with squeezable turkey gravy
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MAGAISM/BRO CULTURE CRONYISM/CEOs RULE!/ELONISM
I am deeply ashamed': Larry Summers to step back from public commitments after new Epstein emails
Senator Elizabeth Warren: “[Summers] cannot be trusted to advise our nation’s politicians, policymakers and institutions — or teach a generation of students at Harvard or anywhere else.”
And an unidentified Trump administration official told Politico that companies and organizations should end their association with Summers.
The former Treasury secretary, along with Bill Clinton and the Democratic megadonor Reid Hoffman, are among the Democratic figures whom the Justice Department is investigating over Epstein ties — at President Trump’s behest.
Economist Warns That Trump’s Investments in the Tech Industry Could Crash the Whole Economy
Italian economist Mariana Mazzucato, a University College London economics professor:
“I think the kind of capitalism Trump has is crony capitalism.”
“I would describe crony capitalism as Mafia-like. You’re showing your upper hand. You’re handing out favors to some. But then divide and conquer. Picking and choosing without a particular strategy.”
She argues that the Intel deal is poorly designed because it doesn’t have any conditions to incentivize the company to be build new products, while the government simply acts as a passive investor.
All SNAP recipients required to reapply as Trump admin cracks down on fraud: 'Business as usual is over'
SEC to Allow Companies to Block Shareholder Proposals
The U.S. Securities and Exchange Commission (SEC) announced that it will not express opinions to requests from companies asking to exclude shareholder proposals from their proxy voting materials during the 2025-2026 proxy season, effectively allowing companies to avoid voting on issues proposed by investors such as climate, sustainability and diversity at annual meetings.
Elon Musk is set to make more than every U.S. elementary teacher combined
Washing Post: Bezos
White nationalist talking points and racial pseudoscience: welcome to Elon Musk’s Grokipedia: World’s richest person wanted to ‘purge’ propaganda from Wikipedia, so he created a compendium of racist disinformation
STAKEHOLDERS RULE!
‘We’ve probably made housing unaffordable for a whole generation of Americans’: top real-estate CEO on the real cost of Covid economic firefighting
Sean Dobson, CEO of The Amherst Group
Ford CEO says he has 5,000 open mechanic jobs with 6-figure salaries from the shortage of manually skilled workers: ‘We are in trouble in our country’
CEO James D. Farley, Jr: $24,861,866; 253:1.
Ford Family Executive Chair William Clay Ford, Jr. 20,379,912; 207:1
$519,845 for personal use of aircraft
$1,394,538 for security
E
Only 16% of Large Companies on Track for Net Zero
Missing at U.N.’s Climate Meeting: American Executives
WOKE DATA
Disney ditches 'diversity' and 'DEI' in business report for the first time since 2019
Nearly half of LGBTQ characters AXED from TV amid Trump-era rollback of woke DEI initiatives
According to Deadline, around 41% of the 489 LGBTQ characters that were on the small screen this year will not return due to series cancellations and endings.
AI
Jeff Bezos is putting $6.2 billion—and himself as co-CEO—behind a new AI startup
Project Prometheus
Vik Bajaj: Stanford
OpenAI accused of ‘consistent and dangerous pattern’ rushing product to market that is ‘inherently unsafe or lacking in needed guardrails’
The nonprofit Public Citizen is now demanding OpenAI withdraw Sora 2 from the public, writing in a letter to the company and CEO Sam Altman that the app’s hasty release so that it could launch ahead of competitors shows a “consistent and dangerous pattern of OpenAI rushing to market with a product that is either inherently unsafe or lacking in needed guardrails.”
Sora 2, the letter says, shows a “reckless disregard” for product safety, as well as people’s rights to their own likeness and the stability of democracy.
OpenAI didn’t immediately respond to a request for comment.
In the age of AI, CEOs quietly signal that layoffs are a badge of honor
People Are Having AI “Children” With Their AI Partners
Eli Lilly CEO says he has 'at least 1 or 2 AIs running' during every meeting he's in
David Ricks: Ricks said he doesn't like OpenAI's ChatGPT for science-related questions — "It's too verbal," he said. Instead, he prefers Anthropic's Claude and xAI's Grok.
Still, he has to be careful to watch for hallucinations, an issue the frontier model companies are still trying to tamp down.
The CEO of $2.2 billion AI company Turing can’t live without ChatGPT, swears by his Kindle, and has only taken 2 weeks of vacation in 7 years
Jonathan Siddharth; Stanford
STUPID
The CFO Centre names Natalie Garfield as new CFO
Heinz goes all-in on Thanksgiving leftovers with squeezable turkey gravy
Kenvue is a target because Trump can’t say acetaminophen, billionaires want you to shut up and work, and more Disney
Business Pants
1 hour 2 minutes 51 seconds
1 month ago
Kenvue is a target because Trump can’t say acetaminophen, billionaires want you to shut up and work, and more Disney
Story of the Week (DR):
Disney brings back Jimmy Kimmel’s show after backlash spurred massive boycott while some conservatives blasted FCC
Sinclair says it won't air Jimmy Kimmel on its stations after Disney announced his return
FCC Chair Brendan Carr defends ABC affiliate that's not showing 'Jimmy Kimmel Live!' despite his reinstatement
Nexstar joins Sinclair, says it will continue not to air Jimmy Kimmel
Disney investors demand internal records on Jimmy Kimmel's suspension, say the board may have breached duties
Disney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand records
Disney boss Bob Iger has gone from woke warrior to liberal lightning rod
MAGA furious at Disney and ABC over Jimmy Kimmel’s return: ‘They let the woke mob get to them’
Disney decides it hasn’t angered people enough, announces Disney+ price hikes
'There's no way we can afford $100,000': Small firms scramble over H-1B visa fees
Talent Drain: Skilled Immigrants Choose Canada Over U.S.
Indian IT Firms Recalibrate U.S. Strategy After Visa Shock
JPMorgan CEO Jamie Dimon expresses surprise and concern
Dimon said the hike “came out of the blue” and stressed that the U.S. still needs access to global talent. He has indicated the banking/finance sector may challenge or negotiate around the policy
Reed Hastings (Netflix) praises the policy
Hastings called the $100,000 fee a “great solution,” especially because he sees it as helping ensure that the H-1B program is used for “very high value jobs,” reducing reliance on a lottery system.
Silicon Valley leaders cautiously support the fee
Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman praised the measure in terms of potentially simplifying the visa system and merit-based immigration
Altman: "We need to get the smartest people in the country, and streamlining that process and also sort of aligning financial incentives seems good to me"
Royal Bank of Canada's CEO Dave McKay said the US President's move to impose a $100,000 fee on H-1B visas is a win for Canada.
The 20 financial firms that could be hardest hit from Trump's new H-1B fee — from Goldman Sachs to Citi
Tylenol maker Kenvue battles fresh storm as Donald Trump links it to autism MM
Trump’s unfounded claims heap new stress on household brand name Tylenol
Trump, RFK Jr. distort facts on autism, Tylenol and vaccines, scientists say: "Sick to my stomach"
OB-GYN group calls Trump's remarks on acetaminophen 'irresponsible'
Kenvue Stock Recoups Losses After Trump Links Tylenol to Autism
Research tying Tylenol to autism lost in court. Then it won Trump's ear
Trump's 'tough it out' advice to expectant moms is the latest example of men opining on women's pain
The President and RFK Jr.’s dangerous war on science and mothers
The Shameful Spectacle of Trump and Kennedy Blaming Mothers for Autism
Autism Science Foundation: 'Shocking' move takes us 'straight back to when moms were blamed for autism'
'Acet…Aceto…': Trump Struggles To Say Medicine's Name, Links Autism To Painkiller
Anti-vaccine groups melt down over RFK Jr. linking autism to Tylenol
"We didn’t wait 20 years for Bobby to finally speak and then get served Tylenol as an answer," anti-vaccine group Georgia Coalition for Vaccine Choice wrote
Children's Health Defense (CHD) - the anti-vaccine group founded by Kennedy - retweeting a post on Monday: "THIS WAS NOT CAUSED BY TYLENOL."
Oracle names two CEOs in rare leadership shift after Catz exit
Lord Emperor Larry Ellison (65% influence and 42% voting power): he still gets $8.3M in pay despite owning ~$378B in Oracle stock. Is this even possible? He got security-related costs and expenses of $2,999,264 for his primary residence. Board chair
Former CEO and now Executive Vice Chair Safra Catz. She’s staying on the board.
221,974: (i) Company matching contributions under our 401(k) Plan of $5,100, (ii) flexible credits used towards covering the premiums for cafeteria-style benefit plans in the amount of $14,860, (iii) security-related costs and expenses to augment the existing security system at Ms. Catz’s primary residence, (iv) legal counsel fees and (v) aggregate incremental costs to Oracle of $200,086 for Ms. Catz’s use of Oracle’s private aircraft for non-business travel. This leaves $1,928 for legal fees and security: for a Larry:Safra We Love Him More Security Ratio of: ~3114:1
Catz still got $6.5M despite owning $2.8B of company stock
New co-CEO and director Clayton Magouyrk: joined Oracle in 2014, is 39
Mr. Magouyrk will receive a grant of stock options to purchase $250M in shares of Oracle common stock with 80% of the grant consisting of time-based stock options and 20% of the grant consisting of performance-based stock options (“PSOs”).
New co-CEO and director Michael Sicilia: joined Oracle in 2009, is 54
Mr. Sicilia will receive a grant of stock options to purchase $100M in shares of Oracle common stock with 80% of the grant consisting of time-based stock options and 20% of the grant consisting of PSOs.
Goodliest of the Week (MM/DR):
DR: MacKenzie Scott gives $70 million to UNCF to financially strengthen HBCUs DR
UNCF, as the nation’s largest private provider of scholarships to minority students works to raise $1 billion to strengthen all 37 of its historically Black colleges and universities
MM: Trump claims ‘sabotage’ at UN from escalator, teleprompter and mic
Turns Out Trump’s Own Team Messed Up U.N. Escalator and Teleprompter
Assholiest of the Week (MM):
American oligarchs
Murdoch’s TikTok? Trump offers allies another lever of media control
Larry Ellison’s Oracle set to spearhead U.S. oversight of TikTok algorithm
Elon Musk just sold Grok to U.S. government for 42 cents – and signals warmer ties with Trump
Mark Zuckerberg showed Google how to make Republicans happy
IN: Zuck, Musk, Ellison, Murdoch
OUT: Satya Nadella (too Indian), Tim Cook (too gay), Sundar Pichai (too Indian), Bezos (too bald), Jensen Huang (too Asian), women, blacks
See? TikTok deal won't include 'golden share' or equity for U.S., Trump administration says - he only takes a golden share or voting stake when the CEO is Japanese (Nippon Steel) or Chinese (Intel)
Disney - now everyone hates you!
Conservatives: MAGA furious at Disney and ABC over Jimmy Kimmel’s return: ‘They let the woke mob get to them’
Liberals: Disney boss Bob Iger has gone from woke warrior to liberal lightning rod
Affiliates: Nexstar joins Sinclair, says it will continue not to air Jimmy Kimmel
IRONY ALERT: In statement, Nexstar cited “diversity” as a reason why Kimmel is still off the air: “On Wednesday, Nexstar said it continues to evaluate the show and is speaking with Disney ‘with a focus on ensuring the program reflects and respects the diverse interests of the communities we serve.’”
Trump: Trump threatens to sue Disney-owned ABC over Jimmy Kimmel's return to TV
Investors: Disney investors demand internal records on Jimmy Kimmel's suspension, say the board may have breached duties
Everyone: Disney decides it hasn’t angered people enough, announces Disney+ price hikes
Stay in your place on the manufacturing line MM
First they say college is for losers, now they say so is being alive - just eat your cheap fatty protein adjacent meal and go to work
Ex-Google CEO Eric Schmidt warns U.S. tech workers: competing with China’s grueling 12-hour workdays means sacrificing work-life balance
Palantir CEO says Gen Z can either have a social life at age 20 or be successful—but they can’t do both
Charlie Kirk had a message for the over 2 million unemployed Gen Z NEET men: You don’t need college to make your dreams happen
BlackRock CEO Larry Fink said America could dodge a ‘retirement crisis’ by encouraging people to work longer
Don’t try to be funny at work unless you want to risk your job and any chance of ever getting promoted, management professors say
McDonald’s is supersizing its value menu to win back average Americans — could it be a sign of trouble ahead?
Girls, STOP APOLOGIZING for doing your jobs
Cracker Barrel CEO apologizes for logo, store changes
We conducted extensive research to inform our strategic plan. Well, what cannot be captured in data is how much our guests see themselves and their own story in the Cracker Barrel experience, which is what's led to such a strong response to these changes.
Translation: we had no idea how racist you all are
At least she didn’t apologize for everything that’s ever happened in the last hundred years like Vanessa Hudson apologizing for the boys behavior at Qantas
Look how it worked for her: Qantas cutting CEO pay signals new era of cyber accountability - has a dude EVERY HAD PAY CUT FOR ANYTHING
Headliniest of the Week
DR: Real American Beer collaborates with WWE for special Hulk Hogan collectible can: 'Hulkamania forever'
Hulk:
In leaked recordings Hogan was heard making homophobic remarks, using the N-word, making racist remarks, and openly admitting to being racist
WWE terminated their relationship with him temporarily, removed him from their website/Hall of Fame, following public backlash. Eventually, some reinstatement occurred.
Hogan’s ex-wife made public emotional abuse allegations and accusations of an affair with their daughter’s friend
During the WWF / Vince McMahon-related trial over steroids in wrestling, Hogan testified under immunity and admitted past steroid use back to 1976
He admitted to actively working against efforts to unionize professional wrestlers
Two divorces
Michelob Ultra overtakes Modelo Especial as best-selling beer in the U.S.
American subsidiary Anheuser-Busch Companies, LLC
Woke CEO Brendan Whitworth was a first lieutenant in the United States Marine Corps and then as an operations officer for the CIA's counterterrorism center. Woke!
Their leadership page of 15 executives also has a woke DEI hire! Chief People Officer Lindsay King
Belgian parent Anheuser-Busch InBev (AB InBev)
They are even worse than their American counterparts: of their 18 executive leaders, they have TWO DEI WOMEN: Chief Communications Officer Donna Lorensen and General Counsel Katherine Barrett. DEI gone crazy!
Both Michelob ULTRA and Bud Light are made by Anheuser-Busch Companies, LLC, a subsidiary of Anheuser-Busch InBev.
DR: Palantir CEO says Gen Z can either have a social life at age 20 or be successful—but they can’t do both & Ex-Google CEO Eric Schmidt warns U.S. tech workers: competing with China’s grueling 12-hour workdays means sacrificing work-life balance
MM: Tesla 'The Biggest Meme Stock' Ever? Expert Says 'Too Much Emphasis On The Magic Wand Of Musk'
Sharing thoughts on Musk's new compensation package, Yale School of Management Senior Associate Dean Jeff Sonnenfeld didn't hold back with the meme stock analogy.
THE SAME WIZARD IGER SONNENFELD
MM: ‘Black Swan’ author Nassim Taleb says your city’s new bike lane is the reason the economy sucks
Trump’s tariffs force resources into lower-margin activities, Taleb said, likening the policy to “asking a brain surgeon to do some gardening two days a week to avoid being ‘ripped off’ by professional gardeners.”
Who Won the Week?
DR: I-boo-proff-in, oh no, it’s not American!
MM: Jimmy Kimmel’s YouTube channel
Predictions
DR: Jimmy Kimmel takes Tylenol on air causing all remaining ABC affiliates to replace him with family-appropriate TV: Law & Order: Special Victims Unit which covers sex-based crimes (i.e. violence against women, now with commercials!)
MM: Victoria's Secret ditches woke rebrand and vows to return to 'unapologetically sexy' roots - after reading this headline, Webster’s Dictionary finally changes its definition of “woke” from “politically liberal or progressive (as in matters of racial and social justice) especially in a way that is considered unreasonable or extreme” to “anything including fat chicks, uggos, black people, and gays.”
Business Pants
MAGAISM/BRO CULTURE CRONYISM/CEOs RULE!/ELONISM
I am deeply ashamed': Larry Summers to step back from public commitments after new Epstein emails
Senator Elizabeth Warren: “[Summers] cannot be trusted to advise our nation’s politicians, policymakers and institutions — or teach a generation of students at Harvard or anywhere else.”
And an unidentified Trump administration official told Politico that companies and organizations should end their association with Summers.
The former Treasury secretary, along with Bill Clinton and the Democratic megadonor Reid Hoffman, are among the Democratic figures whom the Justice Department is investigating over Epstein ties — at President Trump’s behest.
Economist Warns That Trump’s Investments in the Tech Industry Could Crash the Whole Economy
Italian economist Mariana Mazzucato, a University College London economics professor:
“I think the kind of capitalism Trump has is crony capitalism.”
“I would describe crony capitalism as Mafia-like. You’re showing your upper hand. You’re handing out favors to some. But then divide and conquer. Picking and choosing without a particular strategy.”
She argues that the Intel deal is poorly designed because it doesn’t have any conditions to incentivize the company to be build new products, while the government simply acts as a passive investor.
All SNAP recipients required to reapply as Trump admin cracks down on fraud: 'Business as usual is over'
SEC to Allow Companies to Block Shareholder Proposals
The U.S. Securities and Exchange Commission (SEC) announced that it will not express opinions to requests from companies asking to exclude shareholder proposals from their proxy voting materials during the 2025-2026 proxy season, effectively allowing companies to avoid voting on issues proposed by investors such as climate, sustainability and diversity at annual meetings.
Elon Musk is set to make more than every U.S. elementary teacher combined
Washing Post: Bezos
White nationalist talking points and racial pseudoscience: welcome to Elon Musk’s Grokipedia: World’s richest person wanted to ‘purge’ propaganda from Wikipedia, so he created a compendium of racist disinformation
STAKEHOLDERS RULE!
‘We’ve probably made housing unaffordable for a whole generation of Americans’: top real-estate CEO on the real cost of Covid economic firefighting
Sean Dobson, CEO of The Amherst Group
Ford CEO says he has 5,000 open mechanic jobs with 6-figure salaries from the shortage of manually skilled workers: ‘We are in trouble in our country’
CEO James D. Farley, Jr: $24,861,866; 253:1.
Ford Family Executive Chair William Clay Ford, Jr. 20,379,912; 207:1
$519,845 for personal use of aircraft
$1,394,538 for security
E
Only 16% of Large Companies on Track for Net Zero
Missing at U.N.’s Climate Meeting: American Executives
WOKE DATA
Disney ditches 'diversity' and 'DEI' in business report for the first time since 2019
Nearly half of LGBTQ characters AXED from TV amid Trump-era rollback of woke DEI initiatives
According to Deadline, around 41% of the 489 LGBTQ characters that were on the small screen this year will not return due to series cancellations and endings.
AI
Jeff Bezos is putting $6.2 billion—and himself as co-CEO—behind a new AI startup
Project Prometheus
Vik Bajaj: Stanford
OpenAI accused of ‘consistent and dangerous pattern’ rushing product to market that is ‘inherently unsafe or lacking in needed guardrails’
The nonprofit Public Citizen is now demanding OpenAI withdraw Sora 2 from the public, writing in a letter to the company and CEO Sam Altman that the app’s hasty release so that it could launch ahead of competitors shows a “consistent and dangerous pattern of OpenAI rushing to market with a product that is either inherently unsafe or lacking in needed guardrails.”
Sora 2, the letter says, shows a “reckless disregard” for product safety, as well as people’s rights to their own likeness and the stability of democracy.
OpenAI didn’t immediately respond to a request for comment.
In the age of AI, CEOs quietly signal that layoffs are a badge of honor
People Are Having AI “Children” With Their AI Partners
Eli Lilly CEO says he has 'at least 1 or 2 AIs running' during every meeting he's in
David Ricks: Ricks said he doesn't like OpenAI's ChatGPT for science-related questions — "It's too verbal," he said. Instead, he prefers Anthropic's Claude and xAI's Grok.
Still, he has to be careful to watch for hallucinations, an issue the frontier model companies are still trying to tamp down.
The CEO of $2.2 billion AI company Turing can’t live without ChatGPT, swears by his Kindle, and has only taken 2 weeks of vacation in 7 years
Jonathan Siddharth; Stanford
STUPID
The CFO Centre names Natalie Garfield as new CFO
Heinz goes all-in on Thanksgiving leftovers with squeezable turkey gravy