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Category Archives: Uncategorized

NBC’s Paris Olympics opening ceremony will play on IMAX screens

NBC’s live coverage of the 2024 Paris Olympics opening ceremony on July 26 will play on more than 150 IMAX screens in the U.S.

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ESPN’s model is eroding. Past and present execs are split on how it can protect its dominance

CNBC spoke with ESPN chief Jimmy Pitaro, former Disney CEO Bob Chapek, and former ESPN President John Skipper as part of a digital documentary on […]

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Why a small China-made EV has global auto execs and politicians on edge

The China-built BYD Seagull, a compact all-electric hatchback, starts at just 69,800 yuan (or less than $10,000).

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Chrysler parent Stellantis laying off 400 salaried U.S. workers due to ‘unprecedented uncertainties’

Stellantis on Friday said the layoffs would affect about 2% of employees in certain units “after rigorous organizational reviews.”

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The U.S. is the top country for millionaires and billionaires

The population of millionaires in the U.S. over the past five years has grown nearly twice as fast as China’s.

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FDA approves Madrigal Pharmaceuticals drug as first treatment for common NASH liver disease

The FDA’s decision means Madrigal has succeeded in a disease area that several larger companies have failed — or are still trying to break into.

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Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI

The move shows the rising importance of AI in financial services, sparked by the rise of generative AI tools that create human-like responses to queries.

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Wall Street isn’t pleased that Kevin Plank is returning as Under Armour’s CEO, shares plunge 12%

Stephanie Linnartz, a former Marriott executive who took over at Under Armour in February 2023, is the second CEO UAA has cycled through in less […]

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Inside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens

Organized retail crime rings can involve groups that sell stolen goods at flea markets and more sophisticated networks that resell stolen goods on Amazon.

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Eli Lilly taps Amazon Pharmacy to help deliver weight loss drug Zepbound, other medicines to patients 

Amazon Pharmacy second online pharmacy to partner with Eli Lilly’s site, and could provide faster deliveries for certain patients.

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