Business

The battle for streaming supremacy among major media and entertainment companies has come to an end. These companies are now aware that significant growth in streaming subscribers is not achievable anymore. Disney+ lost four million subscribers during the first three months of the year, while Netflix added 1.75 million subscribers in its first quarter. Warner

Eli Lilly CEO Dave Ricks has promised not to raise prices on the company’s existing insulin products again. He was the only executive to do so before a Senate Health Committee hearing on making the life-saving diabetes drug more affordable. Sen. Bernie Sanders, the committee’s chair, asked Ricks and the CEOs of Novo Nordisk and

During a recent earnings call, Disney CEO Bob Iger took a moment to congratulate Universal Studios on the success of their latest film, “The Super Mario Bros. Movie.” Iger noted that the film’s global box office success proves that audiences around the world still enjoy being entertained in theaters, and he expressed optimism about the

Disney has announced plans to integrate Hulu content into its Disney+ streaming app in the US. The move will create a “one app experience” for subscribers, according to CEO Bob Iger. The standalone options for all Disney platforms, including ESPN+, will remain in place. The move towards a unified streaming experience is part of Disney’s

Consumer electronics retailer Best Buy has announced that it will revamp its membership program, TotalTech, due to decreased demand for electronics. The program will be renamed My Best Buy Memberships and will consist of three tiers. The new lower-priced option will offer exclusive discounts and access to popular products. Revenue Expectations and Cost Reduction Measures

Warner Bros. Discovery, like other major media companies, is shifting its focus to streaming video as an increasing number of Americans cancel their traditional pay TV subscriptions. The company, however, reported a big quarterly loss despite its U.S. direct-to-consumer (DTC) segment turning a profit for the first time ever. Details of the Earnings Report According

Kenvue CEO Thibaut Mongon has revealed that the company will focus on brand and product innovation to drive growth after it made its debut on the New York Stock Exchange. The company, spun out of Johnson & Johnson, boasts a portfolio of brands including Band-Aid, Tylenol, Listerine, Neutrogena, Aveeno, and J&J’s namesake baby powder. Ten

The wholesale prices of used vehicles in the United States have decreased for the first time this year, according to a report by Cox Automotive. The company’s Manheim Used Vehicle Value Index revealed a 3% dip from March to April, indicating a decline in demand. However, the index remains high compared to historical figures. It

This week, the Securities and Exchange Commission (SEC) approved new rules aimed at increasing transparency and integrity regarding stock buybacks. The updated disclosures will require public companies to provide more information than ever before, enabling investors to better assess issuer buyback programs. SEC Chairman Gary Gensler noted that US corporate buybacks have grown significantly in

CVS Health released its Q1 results on Wednesday, with earnings and revenue surpassing expectations. However, the company lowered its full-year profit guidance due to the costs related to recent acquisitions. CVS shares fell more than 1% during premarket trading on Wednesday. Based on a Refinitiv survey, CVS Health’s earnings per share were $2.20 adjusted, compared