Eli Lilly’s weight loss drug Zepbound has shown significant benefits in patients with a common type of heart failure and obesity, based on late-stage trial data released by the company. The findings highlight the potential health benefits of Zepbound and other popular GLP-1 drugs beyond just weight loss and blood sugar regulation. This could potentially
Business
Boeing has announced the appointment of Robert “Kelly” Ortberg as the new CEO, taking over from Dave Calhoun. Ortberg, a veteran in the aerospace industry, brings years of experience to the role, previously leading major aerospace supplier Rockwell Collins. His appointment comes at a challenging time for Boeing, as the company faces persistent losses, increased
Washington, D.C., Attorney General Brian Schwalb recently filed a lawsuit against the online ticket exchange platform, StubHub, accusing them of engaging in deceptive and unfair pricing strategies. The lawsuit alleges that StubHub deliberately uses misleading advertising of low ticket prices to entice consumers into making purchases, only to hit them with significantly higher prices during
Spirit Airlines, known for its budget-friendly air travel options, announced a groundbreaking change in its approach to customer service. The Florida-based carrier unveiled plans to offer new packages for its highest-priced tickets, bundling in perks that were previously only available as add-ons. This strategic move is aimed at boosting revenue in the face of various
After facing a difficult second quarter, McDonald’s executives are shifting their focus towards recapturing consumers by offering attractive deals to entice them back to their restaurants. U.S. President Joe Erlinger acknowledged that the fast-food chain has had trouble convincing diners of its affordability, and he anticipates continued challenges in the industry throughout the year. Long-Term
McDonald’s executives are facing the challenge of consumer perception when it comes to pricing. Lower-income consumers are finding the company’s prices too high, especially as they contend with the effects of high inflation. This perception has led to a decline in same-store sales across all divisions, prompting executives to reevaluate their pricing strategies. In response
McDonald’s, a fast-food giant, is set to release its second-quarter earnings report, and analysts are painting a bleak picture. The company is expected to report earnings per share of $3.07 on revenue of $6.61 billion. However, McDonald’s stock has taken a hit, dropping 15% this year. This decline is attributed to concerns about consumer spending
In recent years, fast-food chains have been experiencing a shift in consumer behavior as more and more people are cutting back on their spending, particularly in the fast-food sector. The era of $5 footlongs at Subway is long gone, and now other chains are attempting to win over customers with meal deals priced at $5.
Disney and Marvel’s “Deadpool & Wolverine” has shattered records with a staggering $38.5 million in Thursday previews, setting the stage for a potential domestic debut exceeding $150 million. Notably, this would mark a new record for an R-rated film within the Marvel Cinematic Universe. The movie, one of the most highly anticipated releases of 2024,
Southwest Airlines recently announced a potential drop in unit revenue for the third quarter of the year. The oversupplied U.S. market has led airlines to discount tickets during what is typically the most profitable period of the year. Southwest anticipates that unit revenue for the current quarter could decline by as much as 2% compared