The demand for weight loss and diabetes treatments has been soaring, leading to a significant increase in revenue for Eli Lilly. The success of their diabetes injection Mounjaro and obesity drug Zepbound has been instrumental in propelling the company to new heights. This surge in demand has been a positive development for the pharmaceutical giant,
Business
Over the weekend, Disney and Pixar celebrated the massive success of “Inside Out 2,” which pulled in an astounding $155 million at the domestic box office. This incredible opening marked the second-highest debut for an animated film and the first since Warner Bros.’ “Barbie” to surpass $100 million in ticket sales during its premiere. The
Boeing’s Starliner capsule “Calypso” is set to stay at the International Space Station (ISS) for an extended period, announced by NASA on Friday. Originally planned for a nine-day mission, the developmental nature of the mission known as Boeing’s crew flight test is being showcased as various tests are being conducted on Starliner while docked with
Sony Pictures made headlines recently with the announcement of its acquisition of Alamo Drafthouse, the seventh-largest movie theater chain in North America. This move marks the first time a major studio has purchased a theater chain since the Department of Justice’s antitrust division terminated certain restrictions in 2020. The Paramount Consent Decrees, enacted in 1948,
In a surprising turn of events, Major League Eating has decided to part ways with the 16-time champion Joey “Jaws” Chestnut ahead of this year’s Nathan’s Famous Fourth of July hot dog eating contest. This decision came after Chestnut made the choice to represent a rival brand that sells plant-based hot dogs, rather than continue
In a shocking turn of events, National Amusements has decided to cease talks with Skydance regarding a proposed merger with Paramount Global. CNBC’s David Faber was the first to report this development on Tuesday. This decision comes after National Amusements, owned by Shari Redstone, who is the controlling shareholder of Paramount, had previously agreed to
The recent investigation into United Auto Workers President Shawn Fain by a federal court-appointed watchdog has raised serious concerns about potential corruption within the union. The monitor, Neil Barofsky, has accused Fain and other union leaders of obstructing the investigation and interfering with access to information. These allegations come as the union is engaged in
The Covid-19 pandemic has revealed both vulnerabilities and resilience in the American economy. One area that has been significantly impacted is child care, as day cares closed, schools switched to remote learning, and parents struggled to balance work and childcare responsibilities. Despite the return of employment in the child care sector to pre-pandemic levels, there
In a shocking revelation, the court-appointed trustee in the Synapse bankruptcy case uncovered an $85 million shortfall in customer deposits. This discrepancy arose from the mismatch between what partner banks of fintech middleman Synapse were holding and what depositors were owed. The fallout from this financial debacle has plunged the U.S. fintech sector into its
Rivian Automotive has recently announced the redesign of its all-electric R1 pickup and SUV models with a focus on enhancing range, performance, and computing power. The 2025 model-year vehicles may not appear drastically different from their predecessors, but Rivian has made significant improvements under the hood. With more than half of the hardware components overhauled