JetBlue Airways CEO Joanna Geraghty told staff the carrier is further cutting costs as softer travel demand makes break-even operating margins in 2025 unlikely.
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Streaming surpasses combined broadcast and cable viewing for the first time
Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report.
Continue readingDemocrats press Pfizer, J&J and others over low tax bills and lobbying as Senate debates Trump’s plan
The lawmakers accuse Pfizer, Merck, J&J, AbbVie and Amgen of paying little to nothing in federal taxes despite generating billions of dollars annually.
Continue readingFDA approves Gilead’s twice-yearly HIV prevention injection, offering a powerful and convenient new option
The launch of the injection faces potential threats, including the Trump administration’s proposed cuts to federal funding for HIV prevention efforts.
Continue readingRFK Jr.’s new vaccine advisors will vote on flu shots containing mercury
It is the panel’s first meeting with Kennedy’s newly appointed members, many of whom are well-known vaccine critics.
Continue readingStellantis’ Ram brand to offer industry-leading pickup truck warranty as part of turnaround plan
The warranty covers the engine, transmission, transfer case, driveshafts, differentials, and axles for 10 years or 100,000 miles, whichever comes first.
Continue readingNike pushes back Skims launch with Kim Kardashian due to production delays
Nike is delaying the launch of its highly anticipated NikeSKIMS activewear line, according to a person familiar with the matter.
Continue readingFamily office deals slow in May with bets on nuclear batteries and AI testers
Billionaire Barry Sternlicht’s investment firm is part of a growing group of family offices betting on nuclear energy.
Continue readingHere’s how tariffs could affect the price of goods like shoes and sweaters
A model from AlixPartners shows what items like sweaters and shoes imported from Vietnam could cost under President Donald Trump’s tariff plans.
Continue readingNBA team sponsorship revenue up 8% to $1.6 billion, boosted by jersey patches
Growth in sponsorships comes on the heels of the NBA’s landmark $77 billion media rights deal, which begins next season.
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