Paris, known as the City of Light, is seeing a significant decrease in tourism this summer due to the influx of Olympic athletes. Delta Air Lines reports that travelers are choosing to book flights to other destinations instead of Paris, resulting in a $100 million loss for the airline. CEO Ed Bastian stated that unless
Business
Audi, the premium automotive brand owned by Volkswagen, has recently announced a multiyear partnership with Inter Miami CF, a South Florida soccer club. The decision to team up with the soccer club comes as Audi aims to expand its reach within the growing soccer fan base in the United States. According to Emilie Cotter, Chief
The National Football League is exploring the possibility of allowing minority private equity ownership for its 32 teams, with Commissioner Roger Goodell sharing insights in an exclusive CNBC interview. Goodell emphasized the need for the league’s policies to evolve in line with the changing dynamics of the sports industry. The proposal under consideration would permit
Pfizer recently announced its decision to proceed with the development of a once-daily version of its weight loss pill, danuglipron, following positive outcomes in an ongoing early-stage study. The company has identified a specific formulation of the drug that exhibits a favorable safety profile and is well-tolerated by the body. To further evaluate the potential
With the upcoming Summer Olympics in Paris, sportsbooks and daily fantasy operators are gearing up for a potential surge in betting activity. This year’s games mark the first time legal gambling has been widespread in the U.S. during the Olympics, setting the stage for increased wagering compared to previous editions. The gaming industry is optimistic
The Federal Trade Commission is gearing up to file lawsuits against three major U.S. health companies for their involvement as intermediaries in negotiating prices for essential medications like insulin. According to a source familiar with the matter, the FTC’s contention is that these companies’ practices contribute to inflated costs for patients. The three pharmacy benefit
Costco, the membership-based warehouse club, announced a membership fee increase of $5 in the U.S. and Canada starting on September 1st. This means that annual memberships will now cost $65, up from $60. Additionally, the higher-tier plan, known as “Executive Membership,” will see an increase to $130 per year from $120. This fee hike will
With NASA astronauts docked at the International Space Station for far longer than planned, there is an acknowledgment from the agency’s leadership about potential alternatives to Boeing’s Starliner for returning the crew to Earth. Despite this, officials still consider Boeing’s spacecraft as the primary option for the return. Starliner capsule “Calypso” is expected to return
Walmart recently announced plans to open five automated distribution centers for fresh food across the country. These facilities are designed to enhance efficiency in its supply chain operations and support the growth of its online grocery business. With an average size of 700,000 square feet, these centers feature automated storage and retrieval systems, specifically designed
In a recent announcement, Athletic Brewing Company revealed that it has secured an additional $50 million in equity financing in a round led by General Atlantic. The company’s founder and CEO, Bill Shufelt, expressed his optimism about the partnership with General Atlantic, mentioning that the investment is expected to increase significantly in the future. This