Last year, media giants had to rely heavily on sports to attract advertisers during the Upfronts week due to a Hollywood strike and cost-cutting measures that affected their content and star power. As a result, this year’s presentations continued to lean more towards sports rather than scripted shows. The aftermath of the previous year’s work
Business
The recent vote at the Mercedes-Benz plant in Alabama has dealt a significant blow to the United Auto Workers (UAW) union’s organizing efforts. With 56% of workers voting against union representation, the outcome is not what the UAW had hoped for. This outcome marks a setback for the UAW, especially coming on the heels of
Walmart just released its quarterly earnings report, and the results exceeded expectations. The discounter reported higher earnings per share and revenue figures compared to what Wall Street had estimated. This positive performance can be attributed to significant e-commerce gains, the success of newer businesses like advertising, and attracting more high-income shoppers. One of the driving
Netflix’s recent announcement of its ad-supported tier reaching 40 million global monthly active users marks a significant milestone for the streaming giant. This number has nearly doubled since January, showcasing the growing interest in a more affordable subscription plan with ads. The company’s decision to introduce this tier was part of a broader strategy to
AMC Entertainment recently experienced a surge in its stock price alongside GameStop, following the return of “Roaring Kitty,” also known as Keith Gill. This led to AMC shares more than doubling since Friday’s close, reaching above $6 in afternoon trading on Tuesday. The company has a history of rallying retail investors around its stock in
Novavax’s shares soared by 50% on Monday after the announcement of a new multibillion-dollar deal with French drugmaker Sanofi. This deal marks a significant turnaround for Novavax, which had been struggling with doubts about its financial viability. The stock had nearly doubled on Friday following the licensing agreement with Sanofi. CEO John Jacobs expressed confidence
In a time when many eateries are facing a slump in sales and declining traffic due to a broader consumer slowdown, some restaurant chains like Chipotle Mexican Grill, Wingstop, and Sweetgreen are thriving, thanks to high-income consumers. While giants like McDonald’s, Starbucks, and Yum Brands have reported a weak start to 2024, the fast-casual segment
Moderna announced on Friday that the Food and Drug Administration has postponed the approval of its vaccine for respiratory syncytial virus (RSV) to the end of May. The delay was attributed to “administrative constraints” at the agency, which caught many investors by surprise as the decision was expected to be made earlier. Despite the setback,
The upcoming bout between Mike Tyson and Jake Paul has created massive hype and anticipation among boxing fans and sports enthusiasts. Scheduled to take place on July 20 at AT&T Stadium in Arlington, Texas, the fight is already seeing a surge in ticket prices and strong interest from bettors. This match, which will be streamed
The absence of a Marvel film to kick off the summer movie season in 2024 is a significant departure from recent years. For more than a decade, Marvel Cinematic Universe films have dominated the summer box office, consistently generating massive openings of over $100 million. However, this year, the mantle was picked up by Universal’s