The real estate market is facing significant challenges, with sales of previously owned homes stagnating at a 30-year low. In May, existing home sales saw a minimal change, dropping by 0.7% from April to reach a seasonally adjusted annual rate of 4.11 million units. This represents a 2.8% decrease from the previous year, highlighting the
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Gilead Sciences recently announced the success of its experimental twice-yearly medicine in preventing HIV. The Phase 3 trial revealed that none of the approximately 2,000 women who received Gilead’s shot, lenacapavir, had contracted HIV during the study. This groundbreaking development has prompted excitement in the medical community and raised hopes of expanding HIV prevention options.
Recent months have seen a resurgence in family-friendly films gracing the big screen, breathing new life into the box office landscape. The absence of such movies in theaters post-pandemic left a void that is now being filled by a steady stream of kid-friendly hits. This resurgence has not only reinvigorated ticket sales but has also
Fisker, an all-electric vehicle startup, recently filed for Chapter 11 bankruptcy protection, a move that was influenced by sluggish consumer demand, high cash burn, and operational challenges. The company had already raised concerns regarding its viability back in February, prompting its CEO, Henrik Fisker, to distance himself from public view. The current bankruptcy filing marks
The pharmaceutical giant, Eli Lilly, has seen a surge in demand for its weight loss and diabetes treatments over the past year, propelling the company to new heights. The success of their diabetes injection, Mounjaro, and the recently launched obesity drug, Zepbound, has been a significant contributing factor to this upward trajectory. Anat Ashkenazi, the
This weekend saw the much-anticipated debut of “Inside Out 2”, bringing a whopping $155 million domestically, making it the second-highest theatrical opening for an animated film. This success follows closely behind Warner Bros.’ “Barbie” as the first film to surpass $100 million during its opening weekend since the pandemic began. This is a significant achievement
Boeing’s Starliner capsule, named “Calypso”, has been granted an extended stay at the International Space Station, NASA revealed recently. Originally intended for a nine-day mission, the Starliner’s stay has now been extended for at least 17 days due to the need for further spacecraft testing while docked at the ISS. This extensive testing is part
In a groundbreaking announcement on Wednesday, Sony Pictures revealed the acquisition of Alamo Drafthouse, a significant player in the North American movie theater scene. This move marks a notable shift in the industry as it is the first time a studio has bought a theater chain since the Department of Justice’s antitrust division lifted the
The Covid-19 pandemic has undoubtedly had a significant impact on various sectors of the economy, with child care services being one of the most affected. As day cares closed, schools went remote, and parents struggled to balance work and childcare responsibilities, the cracks in the child care system were exposed. This article aims to delve
In a shocking turn of events, the court-appointed trustee in the Synapse bankruptcy case has revealed an $85 million shortfall between what partner banks of fintech middleman Synapse are holding and what depositors are owed. This revelation has sent shockwaves through the fintech sector, marking it as one of the worst meltdowns since the 2008