As we navigate through the complexities of 2023, the automotive industry in the United States is facing significant hurdles in new vehicle sales. Industry analysts have painted a rather gloomy picture for the third quarter as they project a contraction of about 2% in sales compared to the previous year, with an estimated total of
Business
In a significant move within the sports investment landscape, Paul Viera, a prominent businessman and CEO of Earnest Partners, is increasing his stake in the San Antonio Spurs from 5% to 11%. This development comes amid surging valuations across the NBA, making teams more appealing to potential investors. With the Spurs valued at approximately $2.5
The ongoing debate surrounding the exorbitant prices of drugs in the United States has gained significant traction, particularly concerning Novo Nordisk’s offerings like Wegovy and Ozempic. These medications, originally designed for weight management and diabetes treatment, have become points of contention due to their high costs. As demand for these drugs skyrockets, the issue draws
Southwest Airlines finds itself at a critical juncture, grappling with the dual challenge of profitability and investor expectations. The low-cost airline, known for its friendly service and open-seating policy, is navigating an evolving market landscape where traditional models are increasingly scrutinized. With the activist investor Elliott Investment Management advocating for substantial leadership changes, the pressure
Boeing is currently grappling with the repercussions of a machinist strike that has entered its second week, stemming from workers’ demands for higher wages and improved working conditions. The strike is not only a response to the employees’ escalating financial struggles but also highlights the broader implications of industrial action within the company at a
The cost of insulin has become a critical concern for millions of Americans living with diabetes, with rising prices leading to harsh economic burdens and, in many cases, causing patients to ration their insulin intake. The recent lawsuit filed by the Federal Trade Commission (FTC) against three major players in the healthcare industry—Optum Rx, Caremark,
JetBlue Airways, an airline known for its budget-friendly pricing and customer-centric services, is on the verge of a significant transformation. For the first time in its history, JetBlue will be introducing airport lounges, marking a pivotal shift in its strategy as it aims to attract higher-spending travelers. This decision reflects a broader trend in the
In a bold move that heralds the continued growth of women’s professional basketball, the WNBA has announced the addition of its 15th franchise in Portland, Oregon. This included announcement marks the league’s third team established as part of a recent expansion effort, which speaks volumes about the increasing popularity and investment potential within women’s sports.
In a bold move destined to reshape the landscape of the European gaming market, Flutter Entertainment has announced its intention to acquire Italian gaming company Snaitech from Playtech for an impressive $2.6 billion (approximately €2.3 billion). This acquisition highlights Flutter’s strategy to reassert its dominance in the world’s regulated markets, particularly as it navigates the
The United Auto Workers (UAW) union has escalated its confrontation with Stellantis, the automaker previously known as Fiat Chrysler, by recently filing federal unfair labor practice charges. This legal step marks the latest in a series of actions reflecting deepening frustrations from union leaders, who perceive Stellantis as compromising the terms of their recently negotiated