Marijuana businesses have pushed for Congress to pass the SAFE Banking Act as they seek access to traditional financing.
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Polestar to cut 10% of workforce as delays push upcoming SUV to 2024
The Swedish EV maker said its net loss narrowed dramatically compared with a year ago.
Continue readingBest Buy doubles down on membership program as sales cool
The retailer wants to grow the subscription program, which has about 5.8 million members.
Continue readingDisney CEO Bob Iger praises rival Universal’s ‘Super Mario Bros. Movie’
“The Super Mario Bros. Movie” has grossed over $1.1 billion worldwide, while Disney’s recent animated offerings have struggled at the box office.
Continue readingIger hammers Florida ‘retaliation’ on Disney’s earnings call
Disney isn’t the only business in Florida that operates within a special district, CEO Bob Iger said.
Continue readingTrump to appear in CNN town hall on the heels of E. Jean Carroll sex abuse verdict
The town hall comes one day after a New York jury found Trump liable for sexual abuse and defamation in a civil case brought by […]
Continue readingThe streaming wars are over, and it’s time for media to figure out what’s next
Disney’s loss of 4 million subscribers during the first three months of the year cements the end of the streaming wars.
Continue readingEli Lilly CEO vows not to raise insulin prices again, while Novo Nordisk and Sanofi hedge
He was the only executive to do so before a Senate Health Committee hearing that also included the CEOs of Novo Nordisk and Sanofi.
Continue readingHulu content will be added to Disney+ to create a ‘one app experience,’ Iger says
Standalone options for all of Disney’s streaming platforms, including ESPN+, will remain, CEO Bob Iger said on an earnings call.
Continue readingJudge halts Suns bid to exit bankrupt Diamond Sports network in novel deal
A bankruptcy judge halted the Phoenix Suns push to exit bankrupt Diamond Sports’ network in favor of a broadcast TV and streaming partner.
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