Netflix, the behemoth of streaming services, has recently announced a significant rise in subscription prices across various plans in the United States. This increase, affecting the standard and premium ad-free packages, reflects the company’s strategy to boost profitability amid a crowded streaming market. The standard plan will now cost $17.99, up from $15.49, while the
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Recent discussions among influential investors signal an exciting shift in the landscape of professional basketball. A group, comprising powerful financial players such as Jason Stein of SC Holdings and tech visionaries like Geoff Prentice, is in the early stages of forming a global basketball league that promises to reshape the way the game is played
Recently, the Federal Trade Commission (FTC) announced a lawsuit against PepsiCo, alleging illicit price discrimination practices favoring a certain unnamed retailer. While the identity of this retailer remains undisclosed, sources indicate that Walmart is the company in question. This lawsuit is rooted in accusations that PepsiCo has granted Walmart preferential pricing structures compared to its
On a recent Friday, the landscape of space exploration was noticeably altered as the Federal Aviation Administration (FAA) took decisive action to ground SpaceX’s Starship rocket. This pivotal move stemmed from an investigation into the unfortunate midflight failure that culminated in the rocket’s explosion shortly after launch. This incident sent shockwaves across the aviation sector,
The landscape of autonomous vehicles is evolving rapidly, with numerous companies vying for a foothold in the burgeoning market. Among these companies is Zoox, Amazon’s autonomous vehicle unit. This year marks a pivotal point for Zoox as it gears up for the commercialization of its robotaxi program amidst a fluctuating market. Despite a general decline
The agricultural equipment landscape has taken a dramatic turn as the Federal Trade Commission (FTC) has filed a lawsuit against Deere & Company, one of the largest manufacturers in this sector. This legal action underscores a significant concern regarding monopolistic practices that the FTC argues have impeded farmers’ access to affordable repair services. The implications
In a significant advancement for lunar exploration, Texas-based Firefly Aerospace launched its “Blue Ghost” cargo lander atop SpaceX’s Falcon 9 rocket from Cape Canaveral, Florida. This mission, which occurred early Wednesday morning, is characterized by a 45-day voyage toward the Moon, marking a pivotal entry for Firefly into the burgeoning market for lunar services spearheaded
Boeing’s performance in 2024 has been notably disappointing, with the aerospace titan delivering only 348 airplanes to customers. This figure represents a staggering one-third drop compared to the previous year, highlighting significant operational difficulties that the company is facing. The dual issues of a critical midair incident involving a door panel and a machinist strike
Eli Lilly, a prominent player in the pharmaceutical industry, has recently adjusted its full-year revenue forecast, highlighting a significant recalibration in its strategic outlook. On Tuesday, the company lowered its revenue guidance for 2024 to approximately $45 billion, down from previous estimates of $45.4 billion to $46 billion made in October. Despite this downward revision,
The retail landscape often reveals valuable insights during the holiday shopping season, and this year was no different. Leading retailers reported varied results as they assessed the early performance indicators of the critical holiday quarter. While many companies, including Lululemon, Abercrombie & Fitch, and American Eagle, offered more optimistic sales projections following an encouraging consumer