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How one startup is shaking up the ethnic food aisle

Vanessa Pham might not be a household name on Wall Street yet, but she has plenty of time to make that happen. The 29-year-old co-founded Asian food startup Omsom with her sister, Kim. The company sells chef-crafted packaged noodles and sauces. So far, Omsom has managed to sell more than 4 million products and is available in more than 2,000 stores, including Whole Foods (AMZN), Target (TGT), and Sprouts (SFM). Pham and her sister, the daughters of Vietnamese refugees, were able to secure investors such as Away Co-founder and CEO Jen Rubio, Zola Co-founder and CEO Shan-Lyn Ma, and food-focused VC firm New Fare Partners Founder Elly Truesdell. At Omsom’s office in Bushwick, Brooklyn, Pham gives Yahoo Finance Senior Reporter Brooke DiPalma a literal taste of how she leads her small team to shake up ethnic aisles and change the way consumers eat and think about Asian cuisine. “Omsom is all about being proud and loud, especially when the stereotype of Asian Americans in America's kind of like submissive, or docile,” Pham says. “Omsom is our true kind of energy and ethos and spirit.” Pham details not only how she and her sister have managed to build the brand at such a young age, but also how they were able to launch during the pandemic and endure the collapse of Silicon Valley Bank, which held the business’s capital. Lead This Way is an interview series that features frank conversations with today’s leaders. The series gives consumers and investors an inside look into the innovative thinking and diverse life experiences of some of the biggest players in business to find out how they lead through change, and how they define success for themselves and their organizations. For more on our Lead This Way series, click here, and tune in to Yahoo Finance Live for more expert insight and the latest market action, Monday through Friday. Editor's note: This article was written by Luke Brooks.


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JPMorgan may become 'the Nvidia of banking': Mike Mayo

As the adoption of generative AI in business continues to grow, the banking sector is the latest to embrace the technology, aiming to boost productivity and streamline operations. Wells Fargo Managing Director and Head of US Large-Cap Bank Research Mike Mayo joins Yahoo Finance Live to discuss his top AI picks in the banking industry, emphasizing that "if a bank does not have a good AI strategy, I would say they don't have a strategy." Mayo names JPMorgan (JPM) as his "best-in-class" pick, stating that the bank has the potential to become "the Nvidia of banking." He highlights that "more than any other bank" JPMorgan possesses the necessary resources, spending power, data, processes, and personnel to successfully implement and leverage AI across its business. Mayo notes JPMorgan's massive amount of data "is the fuel for AI," which the bank can utilize to gain valuable insight into its operations. Like TikTok's recommended content algorithm, JPMorgan can take advantage of "predictive behavior" models for its consumers.  On the other hand, Mayo identifies Citigroup (C) as his "worst-in-class" pick, stating that "they've failed the last twelve restructurings." He notes that the bank has fallen short on returns and efficiency. However, Mayo says that their consolidation into "five lines of business" could make it easier to tackle problems in each segment. "If they simply meet their targets, they will probably have some of the best year-over-year performance of any large bank."  For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith


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