In a time where the film industry is struggling to find content and retain audiences, Fathom Events has defied the odds by posting record revenue gains. This joint venture between AMC, Regal, and Cinemark has been a beacon of hope for the box office, bringing alternative content to the big screen for over two decades.
Business
The world of food is constantly evolving, with new trends emerging at a rapid pace. One of the latest trends that was on display at the Summer Fancy Food Show is the rising popularity of fish as a protein option. Traditionally, fish was not considered a mainstream protein choice, but that is changing. Exhibitors showcased
Athletes competing at the U.S. Track & Field Olympic Trials this year are making waves not only for their impressive performances but also for their unique approach to sponsorship. The Unsponsored Project, spearheaded by apparel company Bandit Running, has taken a stand against the traditional sponsorship model by providing unsponsored athletes with logo-less, all-black gear.
Boeing and NASA recently announced that the first Starliner crewed flight, carrying astronauts Butch Wilmore and Suni Williams, will be staying at the International Space Station for an extended period. Initially planned for a nine-day mission, the Starliner flight has now exceeded 24 days due to the decision to conduct additional testing on the ground.
John Donahoe, the CEO of Nike, is currently facing a significant crisis as Wall Street starts losing confidence in his leadership. After a disappointing fiscal year, Nike warned that their sales for the current quarter are expected to decline by 10%, a far worse result than the 3.2% drop that was projected by LSEG. As
In recent years, the cost of prescription medications in the U.S. has been steadily on the rise, with a staggering 37% increase since 2014. This surge in prices far outpaces the rate of inflation, creating a significant financial burden for consumers across the nation. The average American now spends $16.26 out of pocket per prescription,
The automotive industry is undergoing a significant transformation, with Chinese automakers poised to dominate the global market by 2030. A recent report by AlixPartners predicts that Chinese automakers will achieve a 33% market share by the end of this decade, representing a significant increase from the current 21% market share. This growth is expected to
Morgan Stanley, one of the leading financial institutions on Wall Street, is taking a significant step towards integrating artificial intelligence into its operations. The introduction of Debrief, an AI assistant designed to streamline the work of financial advisors, marks a pivotal moment in the industry. This move is expected to revolutionize the way advisors interact
The Biden administration recently announced that it will impose inflation penalties on 64 prescription drugs for the third quarter of this year. This decision aims to lower costs for certain older Americans enrolled in Medicare. President Joe Biden has been vocal about his commitment to reducing drug prices in the United States as part of
FedEx recently surprised investors with their fiscal fourth-quarter earnings report, causing their shares to rise by over 15% after hours. The company exceeded analysts’ expectations in both earnings and revenue, showcasing a strong performance in a competitive market. In the fiscal fourth quarter, FedEx reported adjusted earnings per share of $5.41, surpassing the expected $5.35.