The demand for weight loss drugs in the U.S. is on the rise, despite the high monthly costs and limited insurance coverage. A recent survey conducted by Evercore ISI focused on GLP-1s has revealed an interesting trend – the willingness to pay out of pocket for these treatments is strongly correlated with annual income. The
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Stellantis, an automaker facing challenging market conditions, has announced that it will be laying off approximately 400 salaried employees in the U.S. These job cuts will primarily affect employees in the engineering, technology, and software units, amounting to about 2% of the total workforce in those areas. The layoffs are part of the company’s efforts
Fanatics, a prominent sports merchandise company, and DraftKings, a leading sportsbook giant, are embroiled in a legal battle over the hiring of a top executive. The feud escalated when Michael Hermalyn, a former senior vice president at DraftKings, accepted a position at Fanatics. DraftKings alleges that Hermalyn stole confidential documents and attempted to poach employees,
Disney’s ESPN, once known for its dominance in the sports broadcasting industry, is now facing a critical juncture. With the shift towards digital streaming platforms and the decline in traditional cable subscriptions, ESPN’s longstanding business model is being put to the test. What was once a reliable revenue stream from cable subscription fees is now
The auction house Sotheby’s is taking advantage of the increasing popularity of sports memorabilia by expanding its sports offerings. Recently, the company announced its first-ever “Sports Week,” featuring a series of live and online auctions showcasing items from some of the biggest names in sports. This move comes as a response to the surge in
Bentley Motors, the famed British luxury carmaker, has decided to push back its plans to exclusively offer all-electric vehicles by the end of this decade due to changing market conditions. The CEO, Adrian Hallmark, mentioned that the company remains committed to carbon neutrality and exclusively offering EVs, but now plans to do so a couple
In the wake of a series of recent flight problems, United Airlines CEO Scott Kirby took the opportunity to reassure customers about the carrier’s safety measures. One incident involved a tire falling from a Boeing 777 shortly after takeoff, damaging cars in a San Francisco airport parking lot. Another incident revealed a missing panel on
Home Depot has announced the opening of four new distribution centers in Detroit, Los Angeles, San Antonio, and Toronto in the first half of the year. These facilities will cater to professionals in the home remodeling and construction industry, providing space for bulkier items such as lumber, shingles, and insulation that are essential for their
The recent announcement of CEO Stephanie Linnartz stepping down at Under Armour has left many questioning the direction of the company. Coming from a background of nearly 30 years at Marriott International, Linnartz brought a wealth of experience to the athletic apparel brand when she took over as CEO in February 2023. However, her abrupt
SpaceX, founded by the visionary entrepreneur Elon Musk, is gearing up for its third Starship test flight, scheduled to take place soon. This comes after receiving the necessary launch license approval from the Federal Aviation Administration (FAA). The upcoming test flight aims to build upon the lessons learned from past flights and showcase new capabilities.