DraftKings recently made the decision to impose a gaming surcharge on winning bets in states with high sports betting tax rates. This move is aimed at increasing the company’s profits. While the company’s CEO, Jason Robins, justified the decision by comparing it to taxes in other industries, such as hotels and taxis, it raises questions
Business
Recent news has revealed that all doses of Eli Lilly’s popular weight loss injection, Zepbound, and diabetes drug, Mounjaro, are now readily available in the United States. This update comes from the U.S. Food and Drug Administration’s drug shortage database, putting an end to the previous scarcity issues that were reported. Initially, there were shortages
Tadge Juechter, often referred to as the “godfather” of the modern Corvette, recently retired from General Motors after an impressive career spanning nearly 47 years. His journey with the iconic sports car began in 1985 when he delved into researching the market for a new high-performance model, the ZR1. Fast forward to 2025, and Juechter’s
The buzz surrounding the Summer Olympics in Paris has not only been about the athletes and their performances but also about the unexpected presence of Snoop Dogg in the coverage. With a total audience delivery average of 34 million viewers, NBCUniversal has been leveraging the star power of Snoop Dogg to enhance the viewer experience
The recent drop in mortgage rates has come as a surprise to many homebuyers, with the average rate on the 30-year fixed mortgage plummeting to 6.4%. This marks the lowest rate since April 2023, showcasing a significant 22 basis point reduction in just a matter of days. Furthermore, the 15-year fixed rate also saw a
Morgan Stanley’s recent decision to allow its financial advisors to offer Bitcoin ETFs to some clients marks a significant shift in the landscape of mainstream finance. This move, which is a first among major Wall Street banks, highlights the increasing adoption of Bitcoin as an investment asset. This article will delve into the implications of
Moderna recently reported its second-quarter revenue, which surpassed expectations, but the biotech company decided to slash its full-year sales guidance. The decreased guidance was attributed to lower anticipated sales in Europe, a competitive market for respiratory vaccines in the U.S., and the potential for deferred international revenue until 2025. Despite this, Moderna is now projecting
Eli Lilly’s weight loss drug Zepbound has shown promising benefits for patients with heart failure and obesity, based on late-stage trial data released by the company. This suggests that Zepbound and other GLP-1 drugs may have broader health benefits beyond weight loss and blood sugar regulation. In the study, patients taking Zepbound experienced a 38%
Boeing has recently announced the appointment of Robert “Kelly” Ortberg as the new CEO, replacing Dave Calhoun. Ortberg, a veteran in the aerospace industry, comes from outside the company, bringing with him a wealth of experience from his time at Rockwell Collins. With Ortberg set to start on August 8, the industry is watching closely
The automotive industry is constantly evolving, with companies like Ford Motor leading the charge in innovation and technological advancements. One such example is the redesigned 2025 Ford Maverick, a small but mighty pickup truck that is making waves in the market. The latest updates to the Maverick include a host of exciting features that are