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NYC trash
A New Yorker walking past a pile of trash (Charly Triballeau / Getty Images)
Weird Money

New York’s $1.6 million trash can revolution

New York City paid McKinsey to help it revamp its sanitation network

Jack Raines

One of my favorite tropes is that organizations pay management consultants, such as McKinsey & Company, millions of dollars to create slide decks with obvious solutions, such as “reduce expenses and increase revenue.”

One of my favorite things about living in New York is that, despite being the largest city-wide economy in the world, New York’s sidewalks are covered with piles of trash bags every evening. It was only fitting, then, that in 2022, New York City’s Department of Sanitation (DSNY) paid McKinsey  $1.6 million to conduct a 20-week waste containerization needs study, and earlier this week, New York City Mayor Eric Adams unveiled the city’s first-ever official NYC Bin.

The DSNY also put forth a proposed rule requiring that all buildings with one to nine residential units and all special use buildings that receive DSNY collection (e.g. city agency buildings, houses of worship, and professional offices located within residential buildings) put their trash in containers, effective November 12, 2024. This will, according to Mayor Adams, “containerize more than 70% of the city’s trash to protect our most valuable and limited resource — our public space.”

A few things to note here: first, plenty of NYC residents have already been using trash cans, and, assuming their current lids have securing latches, they’ll have until 2026 to switch to the NYC-branded containers. Second, this is part of a larger investment, which includes the development of new automatic side-loading trucks designed to service the new trash cans. For what it’s worth, many of New York’s streets are notoriously narrow, and curb space in busy areas is nonexistent, making the trash servicing process more difficult than in other, less densely populated areas.

If you’re curious, The DSNY published a 2023 Containerization Report, in which it cited McKinsey’s work, and the report is quite interesting. A few stats:

  • New Yorkers leave 44 million pounds of trash on curbs each day (!!!)

  • Choosing whether or not to use wheeled shared containers (the really big metal containers that trucks can pick up, not the smaller trash bins referenced above) would have a massive impact on the city’s entire sanitation system, including which trucks to invest in.

  • McKinsey studied the sanitation systems of dozens of cities across the US, Latin America, Europe, Asia, and Australia when creating their report for New York.

  • Some of the slides, such as the one below, are hysterical:

New York City Sanitation Deck Slide
A slide from the NYC Department of Sanitation's 2023 deck.

While the “consultants get paid millions for obvious recommendations” is a fun trope, $1.6 million feels more than reasonable if it helps clean up our rat problem.

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Hims to stop offering copy of Wegovy pill following FDA scrutiny

Hims & Hers said it has decided to stop offering its newly launched copycat version of Novo Nordisk’s Wegovy pill, after the telehealth company drew criticism from the Food and Drug Administration. 

“Since launching the compounded semaglutide pill on our platform, we’ve had constructive conversations with stakeholders across the industry. As a result, we have decided to stop offering access to this treatment,” Hims wrote on X.

Shares of Hims are down double digits in premarket trading on Monday, while Novo Nordisk ADRs are up more than 6% as of 5:20 a.m. ET.

On Friday afternoon, the FDA said it would take “decisive steps” to restrict GLP-1 compounding. Department of Health and Human Services General Counsel Mike Stuart said on social media Friday he had referred Hims to the Department of Justice “for investigation for potential violations by Hims of the Federal Food, Drug, and Cosmetic Act and applicable Title 18 provisions.”

Hims launched the product last week, a seeming copy of a recently released and patented drug, which immediately drew fire from Novo Nordisk and regulators.

Shares of Hims are down double digits in premarket trading on Monday, while Novo Nordisk ADRs are up more than 6% as of 5:20 a.m. ET.

On Friday afternoon, the FDA said it would take “decisive steps” to restrict GLP-1 compounding. Department of Health and Human Services General Counsel Mike Stuart said on social media Friday he had referred Hims to the Department of Justice “for investigation for potential violations by Hims of the Federal Food, Drug, and Cosmetic Act and applicable Title 18 provisions.”

Hims launched the product last week, a seeming copy of a recently released and patented drug, which immediately drew fire from Novo Nordisk and regulators.

Hims oral semaglutide

Hims, long flying under regulators’ radar, finally strikes a nerve with its Wegovy pill copy

It’s unclear if the pill Hims is selling works or if the FDA will allow it.

$1.3M

There’s still plenty of money to be made in brainrot. The top 1,000 Roblox creators earned an average of $1.3 million in 2025 — up 50% from the year prior — according to CEO Dave Baszucki on the company’s fourth-quarter earnings call.

Roblox paid out $1.5 billion to creators last year, meaning its top 1,000 creators took home about 87% of the total pool.

Like other creator economy giants, Roblox rewards its biggest creators for their contributions to user engagement. Creator-made titles like “Grow a Garden” and “Steal a Brainrot” substantially boosted playing time over the course of the year. In September, the company increased its developer exchange rate, or the ratio of in-game currency to cash payout, by 8.5%.

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