The highly anticipated Summer Olympics in Paris has brought joy to over 10,000 athletes, but the city is not experiencing the usual influx of tourists. This shift has led to a significant $100 million loss for Delta Air Lines, as travelers are choosing to visit alternative destinations. Despite the added flights by airlines in anticipation
Business
Audi, the Volkswagen-owned company, has recently announced a multiyear partnership with Inter Miami CF, becoming the official premium automotive partner of the South Florida soccer club. This move is part of Audi’s strategy to tap into the ever-growing soccer fan base in the United States. According to Emilie Cotter, the Chief Marketing Officer of Audi
The National Football League is considering a groundbreaking shift in its ownership policies, with Commissioner Roger Goodell hinting at the possibility of allowing minority private equity ownership for its 32 teams. This move comes in response to the changing landscape of sports ownership and the financial challenges faced by potential team owners in a rapidly
In recent news, Pfizer has announced its plans to move forward with a once-daily version of its weight loss pill, danuglipron, following positive data from an early-stage study. This decision comes after the pharmaceutical giant evaluated various formulations of the drug and identified one with the most promising safety profile and efficacy. According to Pfizer,
With the upcoming Summer Olympics in Paris, set to kick off on July 26, sportsbooks and daily fantasy operators are bracing for a potential increase in betting activity. This particular event holds significance as it will be the first Olympics since the widespread legalization of gambling in the United States. The gaming industry sees this
As NASA astronauts continue their extended stay at the International Space Station on Boeing’s Starliner spacecraft named “Calypso,” the agency’s leadership is considering potential alternatives for returning the crew to Earth. While Starliner remains the primary option for bringing back the astronauts, there are discussions about contingency plans involving SpaceX’s Crew Dragon. The recent testing
Costco recently announced that it will be raising its membership fees for both the U.S. and Canada starting September 1st. The increase will affect both regular and executive members, with annual fees going up by $5. This decision comes after Costco’s last rate hike in June 2017, making it the first increase in almost five
The Federal Trade Commission (FTC) is taking aim at three major U.S. health companies for their practices as middlemen in negotiating prices for medications like insulin. The agency alleges that these companies are contributing to inflated costs for patients, prompting legal action to be taken. This move is part of a larger effort to address
Walmart announced its plan to open five automated distribution centers for fresh food in an effort to improve efficiency within its supply chain. These new facilities, spanning approximately 700,000 square feet each, utilize automation to store and retrieve perishable items such as fresh strawberries and frozen chicken nuggets. The implementation of automated processes reflects the
Athletic Brewing Company’s recent announcement of raising an additional $50 million in equity financing has caught the attention of the beverage industry. Led by General Atlantic, this funding round is expected to propel the company into its next phase of growth by increasing production capacity and expanding offerings in global retailers. The demand for nonalcoholic