This year, give thanks that your turkey was so cheap

Will Ozempic accelerate the trend? [Bloomberg]( This is Bloomberg Opinion Today, a surprise bag o’ giblets in Bloomberg Opinion’s abdominal cavity. [Sign up here](. Today’s Agenda - Americans are done with [turkey](, thank you. - The [winners]( of OpenAI’s [reverse coup](. - A [truce in Gaza]( offers a temporary “phew.” - [Binance’s CEO]( wants to start anew. Gobble Gobble Photo via @ jamieleecurtis on Instagram Happy [Brown Skirt Day]( Eve to all who celebrate! All across America, families are busy peeling more than [50 million pounds]( of sweet potatoes, many of which will eventually be drenched in a glue-like mixture of brown sugar, butter and corn syrup. By this time tomorrow, candied yams will be sitting at the bottom of your stomach, along with your uncle’s stuffing, your aunt’s mashed potatoes, your grandma’s nut bread, your cousin’s cranberry sauce and, of course, the tryptophan-laced turkey meat. On the bright side, at least the big birds cost less than they did when your great-great-grandparents were roasting them in the [1950s](. Technically, the [Jell-O with shrimp frosting]( is also [cheaper](, but fortunately society has moved on from that culinary horror. “Turkey is much, much cheaper in real terms — that is, relative to the prices of the other goods and services consumers buy — than it used to be. But this downward price trend came to a halt two decades ago,” Justin Fox [writes](. “Outside of Thanksgiving and Christmas turkey is a niche protein, miles behind the Big Three of chicken, beef and pork,” he explains. Although 9 out of 10 Americans reading this newsletter [will probably eat]( bone-dry turkey meat on Thursday, more and more people are ditching it for proteins that don’t come with a surprise bag o’ giblets in the abdominal cavity. My friend [Emily](, for instance, is making [miso black cod]( for her family. And Justin is making duck. Take a quick browse on any food website right now, and you’ll see hundreds of recipes for [dishes]( that are [supposedly]( [better]( — and less of a hassle — than a deep-fried or sous-vided bird. No wonder we’re not eating it as much: Certainly not helping the turkey industry this season are [drugs]( that suppress our appetites. John Authers [says]( our new obesity treatments “have exhibited tremendous success not only among celebrities and socialites but also among normal folks.” Chief among those giving thanks this year might just be the drugmakers themselves. US depositary receipts for Novo Nordisk — the company behind Ozempic and Wegovy — are up more than 50% this year, and Eli Lilly’s shares rallied more than 60%. Those candied yams won’t look so tempting for a lot of Americans this Thanksgiving, and maybe that’s [a good thing]( — unless you’re, like, on the executive board for Karo® Syrup or something. If that’s you, then you’re in [big trouble](. Bonus Thanksgiving Reading: - While [record]( passenger traffic is expected over Thanksgiving, [weaker demand]( outside the holidays has left airlines with empty seats. — Brooke Sutherland - Free read: Families who aren’t blessed with shared political opinions are more likely to have a [shorter holiday dinner](. Here’s [how to deal]( with the discontent. — F.D. Flam A Season of Peace? While you were probably sleeping, [Sam Altman]( reached an agreement with [OpenAI]( to rejoin as its CEO. Dave Lee [says]( “this saga has only reached the end of the beginning,” but at least they came to some sort of resolution before the holiday! Now you can [annoy your family]( (or the kids table, at least) with [an intimate TED Talk]( about how Microsoft “gets all of the glow and none of the liability, plus more control,” [according]( to Parmy Olson. That’s not the only suspension of hostilities we need to be thankful for. On a far more serious note, the long-awaited truce — or humanitarian “pause,” as President Biden and his secretary of state, Antony Blinken call it — between Israel and Hamas arrived yesterday evening. “Under the deal mediated by Qatar, Hamas is supposed to give up at least 50 of the 240-plus hostages it seized on Oct. 7, with the focus on women, children and the [possibility]( of a further 10 for each day there is an extension of the truce,” Marc Champion [writes](. In return, Israel is expected to give up 150 of the thousands of Palestinian prisoners it’s holding: Although Marc says it’s unlikely that Israel would allow the pause to extend to a more permanent truce, the hiatus at least should allow hundreds of humanitarian aid trucks to reach the desperate Gazans. “For that glimmer of hope, Biden, Blinken and the US deserve credit,” Andreas Kluth [writes](, noting that Israeli Prime Minister Benjamin Netanyahu would never have considered the pause without US pressure. “America is [indispensable]( in stabilizing this chaotic world, and must assert its power and presence without apologies but with finesse,” he concludes. Telltale [Chartcuterie]( Are you one of the 40% of consumers who will use a credit card to pay for your holiday shopping this year? If yes, there’s a chance your bank is taking advantage of you. “Retail credit cards are inching scarily close to a 30% annual percentage rate, or APR, and in some cases have already tipped over. It’s shocking that this is legal,” Erin Lowry [writes](. She provides an example to illustrate just how awful these rates can be: “Let’s say a consumer has a $1,000 balance on a credit card with a 32.24% APR and a minimum monthly payment of $30. It would take seven years and cost more than $1,500 in interest alone to pay off that debt.” Consumers deserve a little more breathing room. “Capping interest rates at 15% or even 18% would still yield substantial profits for banks,” she writes, while providing shoppers with some much-needed flexibility. “Here’s a question few of us will ever have to answer,” Aaron Brown [writes](: “Would you rather have $23 billion living in the United Arab Emirates with no US extradition treaty, or sacrifice a chunk of your wealth and perhaps spend 18 months behind bars to resolve all your issues with the US Department of Justice and Securities and Exchange Commission?” By pleading guilty to anti-money laundering and US sanctions violations in a settlement with the US, Binance CEO Changpeng Zhao has opted for the very real [risk]( of jail time. But “the future of crypto will be determined by the technology, not by billionaires and lawyers,” Aaron argues. Further Reading Rishi Sunak’s [plan to deport migrants]( to Rwanda was morally complicated. — Bloomberg’s editorial board Hey, US Court of Appeals for the 8th Circuit, your [Voting Rights Act ruling]( is 100% wrong! — Stephen L. Carter F1 needs to rethink [its luxury branding]( in order to succeed in the US. — Adam Minter Israel-Hamas is [driving a wedge]( between the US and many Muslims in the Global South. — Karishma Vaswani Cricket, the planet’s second-most popular sport, is about to get [a huge boost]( in the US. — Bobby Ghosh The [act of piracy]( by Iran's Houthi proxies puts the whole shipping industry at risk. — James Stavridis Senator Mike Lee [is degrading himself]( for the degenerate party of MAGA. — Francis Wilkinson ICYMI A bridge in Niagara Falls closed after [a vehicle explosion](. Sony faces a [$7.9 billion lawsuit]( over its PlayStation Store prices. A nuclear research hub in Idaho fell victim to “[gay furry hackers](.” Add [fentanyl-laced letters]( to the list of challenges for the 2024 election. Kickers  The correct way to [cut a pie](. [Stretch marks]( are in style. The science behind your [red wine headaches](. There’s [a moose]( on the loose in Minnesota. Florida’s 14-foot “[Croczilla](” bares its teeth. Notes: Please send photo-worthy double crust pies and feedback to Jessica Karl at jkarl9@bloomberg.net. [Sign up here]( and follow us on [Threads](, [TikTok](, [Twitter](, [Instagram]( and [Facebook](. Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. Want to sponsor this newsletter? [Get in touch here](. 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