Eli Lilly has recently made headlines with the Food and Drug Administration’s (FDA) approval of Zepbound, a groundbreaking treatment for individuals suffering from moderate-to-severe obstructive sleep apnea (OSA). The drug, previously recognized for its weight-loss capabilities, now expands its therapeutic scope to include one of the most prevalent sleep disorders in the United States. OSA
Business
In a significant turn of events, Nike reported its fiscal second-quarter results, exceeding the forecasts set by Wall Street analysts. Under new CEO Elliott Hill, who recently took over the reins, the company showcased resilience in the face of declining sales and market share. As he addressed the media, Hill emphasized a clear mission: to
The realm of college athletics has evolved into a massive commercial enterprise, with major sports programs raking in astronomical revenues year after year. As private investors increasingly seek opportunities in this lucrative sector, one pressing question arises: how do we quantify the worth of a college sports program? This question forms the foundation for a
In recent years, the housing market has faced significant challenges characterized by a shortage of available homes for sale. However, a contrasting trend has emerged: an unprecedented increase in the number of unoccupied bedrooms across the United States. According to a report by Realtor.com, the amount of excess space within homes, particularly in the form
In a significant development for the labor movement within the coffee industry, Workers United announced that a staggering 98% of its union baristas at Starbucks have voted in favor of authorizing a strike. This move comes as negotiations continue over their contracts with the coffee giant. The escalating tensions signal growing dissatisfaction among workers who
Family offices, which serve as privately held companies managing investments for wealthy families, are increasingly pursuing direct investments in private companies. While this strategy offers potential rewards, recent findings from the 2024 Wharton Family Office Survey reveal that these investors may not be fully reaping the benefits of their investment approaches. With a significant proportion
The airline industry has witnessed a significant transformation following the pandemic, marked by a decisive shift in passenger preferences. Notably, the appetite for premium seating has surged as travelers now readily invest in direct experiences of comfort and space that lie at the front of the cabin. This change can be attributed to several factors,
In a reflective piece published in the New York Times, Andrew Witty, CEO of UnitedHealth Group, shared poignant thoughts on the recent passing of Brian Thompson, former CEO of UnitedHealthcare. This conversation unfolds against a backdrop of growing dissatisfaction among consumers towards the U.S. healthcare system—the inadequacies and complications that have plagued this industry are
In a significant shift within the entertainment sector, Warner Bros. Discovery has unveiled a comprehensive restructuring plan aimed at effectively categorizing its operations into two primary divisions: linear networks and streaming platforms. This strategy not only marks a transformative moment for the company but also potentially simplifies the complexities surrounding its operational model. The announcement
In a significant move aimed at protecting consumers, the Consumer Financial Protection Bureau (CFPB) recently unveiled a final rule that restricts the ability of banks to impose exorbitant overdraft fees. This initiative promises to alleviate the financial burden on American consumers, estimating an annual savings of approximately $5 billion. The subtle but impactful change in