Sports gambling giant DraftKings faced significant backlash on Monday after promoting a bet parlay that would have paid out if three New York teams emerged victorious on the 22nd anniversary of the September 11th terrorist attacks. The insensitivity of the offer, which featured the phrase “Never Forget” commonly associated with the tragic event, sparked outrage
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In a move towards addressing the devastating impact of the opioid epidemic, Kroger announced on Friday that it has agreed to pay $1.2 billion to U.S. states, local governments, and Native American tribes. This settlement aims to resolve the majority of claims against the retail giant for its alleged role in fueling the crisis through
The highly anticipated influx of upcoming tech initial public offerings (IPOs) may have the power to rejuvenate what has been a lackluster period for capital markets, according to Goldman Sachs CEO David Solomon. In a recent interview with CNBC’s David Faber, Solomon highlighted the significance of IPOs, including potential listings from chip designer Arm and
The ownership fate of Hulu is set to be decided earlier than expected, according to Comcast CEO Brian Roberts. The discussions between Comcast and Disney, which will commence on September 30th, were initially scheduled to take place in January 2024. This article will delve into the factors surrounding the decision, the appraisal process, and the
Taylor Swift, the pop icon and global superstar, is about to achieve superhero-like success at movie theaters. With the recent announcement of her Eras Tour concert film coming to domestic theaters in October, ticket sales have skyrocketed. The overwhelming demand has prompted theaters of all sizes to add extra showtimes to accommodate eager fans. Industry
United Auto Workers President Shawn Fain has vowed to take a tough stance in contract negotiations with Detroit automakers General Motors, Ford Motor, and Stellantis. With the contract set to expire soon, the possibility of a strike becomes increasingly likely. This article examines the current situation and analyzes the potential implications of a strike on
Charter Communications CEO Chris Winfrey has made it clear that he wants the pay-TV bundle to survive. However, he believes that it’s time for the industry to embrace a new approach. The recent blackouts of Disney-owned networks on Charter’s Spectrum service have served as a wake-up call for media content companies. Traditionally, blackouts occur as
As we approach the end of the summer season, a peculiar trend has emerged in recent years – the early arrival of fall-themed food and beverages in restaurants and retailers. Traditionally, Halloween candy and pumpkin spice lattes would make their debut after Labor Day, signaling the start of fall. However, in the past few years,
Walmart, the nation’s largest retailer, is making strategic moves to attract more sellers to its third-party marketplace and strengthen its online presence. With the aim of closing the wide gap with e-commerce giant Amazon, Walmart has initiated its inaugural Walmart Marketplace Seller Summit, a two-day event that brings together over 1,500 sellers from various industries.
The Biden administration has recently released a highly-anticipated list of drugs subject to price negotiations between manufacturers and Medicare. This move aims to tackle the issue of high drug costs for older adults in the United States. The list specifically highlights the drugs with the highest spending under Medicare Part D, which covers prescription medications,