Athletic Brewing Company, a leading nonalcoholic brewer, has recently secured an additional $50 million in equity financing, with General Atlantic leading the round. This investment marks a significant milestone for the company as it prepares to expand its production capacity and offerings to meet the growing demand for nonalcoholic beer in the global market. Since
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Paramount Global has recently announced a merger agreement with Skydance, marking the end of a lengthy negotiation process filled with unexpected twists and turns. The merger comes as the Redstone family relinquishes control of the historic movie studio and media company, Paramount. The decision to merge was reached by Paramount’s special committee after Shari Redstone’s
The semiconductor industry is currently facing a shortage of workers, especially in the United States. This shortage is expected to reach as high as one million workers by the year 2030. The industry is highly competitive for talent, and with the enactment of the CHIPS and Science Act, funding is being dispersed to spur domestic
Women’s soccer is experiencing a significant shift in the realm of private equity investments. While traditional U.S. sports leagues have allowed private equity investors to hold passive, minority stakes, the National Women’s Soccer League (NWSL) stands out by permitting these firms to take majority control of the economics. This unconventional approach is reshaping the landscape
Ford reported a 1% increase in sales during the second quarter compared to the same period last year. The standout performer was the truck category, with a remarkable 5% gain in sales. According to the automaker, truck sales reached a total of 308,920 vehicles during the quarter, marking Ford’s best second-quarter performance in this segment
Manhattan’s real estate market is experiencing a significant shift towards becoming a buyer’s market in the second quarter of 2024. Reports indicate a decline in apartment prices and a rise in inventory, signaling a change in the landscape of the real estate sector in the area. The average sales price for real estate in Manhattan
The news of the sale of the 2024 National Basketball Association champions, the Boston Celtics, has sent shockwaves through the sports world. The ownership group of the team, Boston Basketball Partners LLC, has officially announced their intention to sell all of their shares in the team for estate and family planning purposes. This move is
In a time where the box office is facing a content drought and audiences are becoming increasingly selective, Fathom Events has defied the odds by achieving record revenue gains. This joint venture between AMC, Regal, and Cinemark has been a pioneer in bringing alternative content to the big screen for the past 20 years. From
The U.S. Track & Field Olympic Trials this year are witnessing a unique phenomenon – a group of 35 unsponsored athletes standing out in all-black, logo-less gear. These athletes are part of Bandit Running’s Unsponsored Project, which aims to revolutionize the traditional sponsorship model for professional athletes and support emerging talents in the field. Unlike
Boeing’s Starliner capsule, named “Calypso,” is currently residing at the International Space Station (ISS) longer than initially planned. The extended stay comes after Boeing and NASA decided to conduct further testing on the spacecraft back on the ground. This decision has caused the postponement of setting a new target date for when the capsule will