Former Disney CEO Bob Chapek spoke to CNBC about ESPN and its future in his first public comments since his 2022 firing.
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Medicare can now cover certain weight loss drugs in a big step for patients
Medicare patients can soon get coverage for Novo Nordisk’s Wegovy as long as it is prescribed to reduce their risk of heart attacks and strokes.
Continue readingNike shares slide on lackluster outlook, slowing China sales
Nike is in the midst of a broad restructuring to cut costs by about $2 billion over the next three years as consumer demand remains […]
Continue readingLululemon shares plunge 16% on weak guidance, slowing North America growth
Lululemon raised its holiday sales guidance in January after it saw sales trends come in “balanced across channels, categories, and geographies.”
Continue readingFanatics fires back at DraftKings’ claims of corporate espionage in bitter legal battle
In a legal battle over VIP bettors, Fanatics accuses DraftKings of creating a culture of retribution. DraftKings accuses Fanatics of corporate espionage.
Continue readingNBC’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.
Continue readingESPN’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 […]
Continue readingWhy 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).
Continue readingChrysler 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.”
Continue readingThe 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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