In a noteworthy maneuver within the realm of professional sports investments, businessman Paul Viera has elevated his stake in the San Antonio Spurs from 5% to a commanding 11%. Sources familiar with the transaction reveal that this expansion reflects not only Viera’s personal ambition but also the broader trend of increasing NBA valuations, which have
Business
On an impending Tuesday, the CEO of Novo Nordisk, Lars Fruergaard Jørgensen, is set to face tough scrutiny from the Senate Health, Education, Labor, and Pensions Committee concerning the staggering costs of two of the company’s marquee products: the weight-loss drug Wegovy and the diabetes medication Ozempic. The anticipation surrounding this hearing is not merely
In 2021, General Motors (GM) made bold claims about its commitment to electric vehicles (EV), asserting that it would “absolutely” catch up to Tesla, the current leader in U.S. EV sales, by 2025. Fast forward to October 2023, and the reality appears starkly different. The anticipated acceleration in EV adoption has been hindered not only
Boeing, the aerospace giant headquartered in Renton, Washington, is currently embroiled in a significant labor strike led by its machinists. This work stoppage, which began in mid-September, has seen over 30,000 workers walk off the job, fueled by demands for higher wages and improved working conditions. The machinists, represented by the International Association of Machinists
The world of professional sports has traditionally been dominated by male figures, especially in leadership roles. However, on an extraordinary Sunday, the Carolina Panthers and the Las Vegas Raiders face off, marking a pivotal moment in NFL history. This significant matchup features two female presidents, Kristi Coleman of the Panthers and Sandra Douglass Morgan of
JetBlue Airways, a stalwart in the low-cost airline sector, is undergoing a significant transformation as it prepares to unveil its first airport lounges. This groundbreaking initiative not only marks JetBlue’s foray into the niche of luxury air travel amenities but also signifies a strategic pivot aimed at attracting high-paying clientele. With plans to establish lounges
In a significant move that highlights the ongoing growth of women’s sports, the WNBA has announced its expansion to Portland, marking the introduction of its 15th franchise. Scheduled to begin play in 2026, the new team, which remains unnamed, will operate under the stewardship of RAJ Sports, a firm dedicated to investing in the sports
In recent developments, SpaceX’s satellite internet service, Starlink, has significantly marked its territory in the aviation sector by forming an extensive partnership with United Airlines. This collaboration has led to a dramatic increase in Starlink’s aircraft connectivity orders, revealing the company’s ambition to redefine in-flight Wi-Fi services globally. The deal, which encompasses around 2,500 aircraft,
The world of fashion is a mercurial one, where trends can shift overnight, and a brand’s prominence can plunge or soar based on a mere social media post. In a recent federal trial concerning Tapestry’s proposed acquisition of Capri Holdings, the iconic designer Michael Kors voiced an urgent reflection on the industry’s relentless pace and
Cancer cachexia is an alarming condition that significantly impacts cancer patients, characterized by severe weight loss, muscle wasting, and a marked decline in quality of life. Affecting approximately 9 million individuals globally, cancer cachexia poses a serious threat, with the grim statistic indicating that around 80% of those diagnosed with the condition will succumb to