Recent developments suggest that there may be hope for the thousands of Americans who have had their savings trapped in frozen fintech accounts for the past two months. Banks caught up in the aftermath of the collapse of fintech intermediary Synapse have been working diligently to piece together account information for stranded customers. This progress
Business
The Federal Trade Commission is gearing up to file lawsuits against three of the largest U.S. health companies for their alleged practices as middlemen who negotiate prices for medications like insulin. According to a source familiar with the matter, the suits will target UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. These
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
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