Mar 6, 2024 - Economy

🍪 President Biden nods to Cookie Monster

The Cookie Monster character in a split screen with President Joe Biden.

Photos: Jim Lo Scalzo/EPA/Bloomberg, Roy Rochlin/Getty Images for DoubleTree by Hilton

My favorite Sesame Street character and the White House are in agreement about shrinkflation, Hope writes.

What they're saying: "C is for consumers getting ripped off. President Biden is calling on companies to put a stop to shrinkflation," the White House posted while quoting Cookie Monster, who said —

  • "Me hate shrinkflation! Me cookies are getting smaller. 😔"

The intrigue: Not everyone's happy about the blue monster's commentary.

  • "I'm shocked," Frank Oz, who worked with creator Jim Henson, wrote on X. "Muppets need to live in their own pure world."

This story was an excerpt from Axios Closer, a recap on the day's biggest business stories.

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