At this year’s U.S. Track & Field Olympic Trials, there is a notable presence of unsponsored athletes standing out in their all-black, logo-less gear. These 35 athletes are part of Bandit Running’s Unsponsored Project, a unique initiative aimed at reshaping the traditional sponsorship model for professional athletes and providing support to emerging competitors in the
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NASA and Boeing recently announced that they are further extending the stay of the Starliner crewed flight at the International Space Station (ISS). Despite no specific target date for the capsule’s return to Earth, Boeing’s Starliner, named “Calypso,” will continue its journey in space while the company and NASA conduct additional testing back on the
Nike CEO John Donahoe finds himself in a precarious position as he continues to lead the company amidst declining sales and dwindling confidence from Wall Street investors. After a lackluster fiscal year which saw the slowest annual sales gain in 14 years, excluding the impact of the Covid-19 pandemic, Nike issued a warning that its
The cost of prescription medications in the United States has been steadily increasing over the years, outpacing inflation by a significant margin. Recent data from GoodRx, a drug savings company, reveals that the cost of prescription drugs has gone up by 37% since 2014. This surge in prices has led to higher out-of-pocket expenses for
Chinese automakers are poised to aggressively expand their presence in the global automotive market, aiming to capture a 33% market share by 2030, as per a recent report by AlixPartners. This ambitious target reflects a significant increase from the projected 21% market share for Chinese automakers in the current year. The growth is expected to
The Biden administration recently announced that it will be imposing inflation penalties on 64 prescription drugs for the third quarter of this year. This move is aimed at lowering costs for certain older Americans enrolled in Medicare, as part of President Joe Biden’s efforts to make healthcare more affordable. President Biden has been vocal about
Morgan Stanley, one of the major players in the financial industry, is making significant strides in the adoption of artificial intelligence (AI) to enhance the efficiency of its financial advisory services. The latest addition to its AI arsenal is an assistant named Debrief, designed to streamline the note-taking process for advisors and provide them with
FedEx shares experienced a significant surge of over 15% in after-hours trading following the release of its fiscal fourth quarter results. The company exceeded analysts’ expectations in both earnings and revenue. In terms of earnings per share, FedEx reported $5.41 adjusted compared to the anticipated $5.35. Revenue also surpassed estimates, coming in at $22.11 billion
The U.S. auto industry has experienced a 2.9% increase in sales in the first half of the year compared to the same time last year. However, there are growing concerns that this momentum may not be sustainable through the end of the year. Factors such as increasing vehicle inventory levels, rising incentives, and uncertainties surrounding
Target has announced that it will be partnering with Shopify to introduce new and trendy brands to its e-commerce platform. The collaboration, known as Target Plus, will allow Shopify merchants to apply to join Target’s marketplace, thereby expanding the selection of products available on the retailer’s website. Target’s Chief Guest Experience Officer, Cara Sylvester, stated