In a notable move to regain financial stability, Boeing has announced substantial cost-cutting measures in response to a labor strike that has halted production lines. This strike, involving over 30,000 workers primarily in the Seattle area, erupted after workers overwhelmingly rejected a tentative labor agreement. Consequently, production across several aircraft platforms, including the iconic 737
Business
Cancer cachexia is an undertreated condition that significantly affects cancer patients, leaving them frail and malnourished, with dire implications for their health and quality of life. Recent developments from Pfizer highlight the potential of their monoclonal antibody, ponsegromab, to address this critical issue. Positive results from a midstage clinical trial have ignited hope for the
In a significant recent turn of events, DirecTV restored access to Disney’s ESPN and other channels just in time for crucial live events, ending a blackout that lasted approximately two weeks. This situation arose from a major disagreement between the two companies over distribution terms, primarily concerning fees and packaging. The fallout from this battle
In a significant development for the airline industry, flight attendants at American Airlines have overwhelmingly endorsed a new five-year labor contract, marking the end of a prolonged and often contentious negotiation period. With an impressive 87% of voters in favor of the agreement, this milestone signals a pivotal shift for the airline’s approximately 28,000 cabin
Major League Baseball seems to be embarking on a new journey, with a focus on national appeal rather than its traditional regionalism, as emphasized by Commissioner Rob Manfred. In a recent sports business event, Manfred discussed the league’s shift in mentality and the importance of broadening its reach beyond local markets. With a vast amount
The sports betting industry is on the rise and shows no signs of slowing down. With industry leaders like FanDuel, Fanatics, DraftKings, and Sportradar leading the way, the integration of sports betting into modern sports culture is becoming more prevalent. However, with this growth come challenges and opportunities that need to be carefully considered and
The National Football League (NFL) has been making significant strides in expanding its fanbase by embracing the world of streaming. Hans Schroeder, the NFL’s executive vice president of media distribution, highlighted the league’s commitment to growing its audience through exclusive streaming deals with various media companies. This strategic shift began with the league’s 11-year, $111
The recent presidential election has left many industries pondering their future, including the clean energy sector. While stakeholders awaited clarification on Vice President Kamala Harris and former President Donald Trump’s plans for handling various issues such as the economy, inflation, and job growth, the uncertainty surrounding clean energy lingers. Despite a boost from the Biden
With the success of the 2024 Olympics and Paralympics in Paris, all eyes are now turning to Los Angeles for the 2028 Summer Games. Los Angeles Mayor Karen Bass expressed her concerns about the preparations the city needs to make for the upcoming event, emphasizing the need to improve public transportation infrastructure. She envisions a
After 17 years as the chair of Wendy’s, Nelson Peltz has made the decision to step down, effective immediately. This change comes at a time when Wendy’s has been facing challenges due to a decrease in consumer spending on eating out, resulting in a decline in sales. With Peltz’s departure, the fast-food chain is now