The groundbreaking NFL game for Black Friday will air on Amazon’s Prime Video rather than on regular TV, featuring a showdown between the Miami Dolphins and the New York Jets at 3 p.m. ET. Alongside the game action will be Amazon’s Black Friday deals and an exclusive performance by Garth Brooks. This path-breaking shift from …
Eli Lilly surpasses expectations but lowers profit outlook Eli Lilly reported better-than-expected financial results for the third quarter, driven by strong demand for its diabetes drug Mounjaro. The pharmaceutical company reported earnings of $0.10 per share, surpassing estimates of a loss of $0.13 per share. Revenue also exceeded expectations, coming in at $9.50 billion compared …
Paramount Global Controlling Shareholder Shari Redstone Open to Transformative Deal Shari Redstone, the controlling shareholder of Paramount Global, is actively seeking a transformative deal but has yet to find the right opportunity, according to sources. Consolidation within the large media companies is necessary, although challenging due to current market conditions. Redstone has been open to …
Activist investment firm Starboard Value is advocating for changes to be implemented at News Corporation. One significant change they propose is the separation of the real estate business from the rest of the company. In an interview with CNBC’s David Faber, Starboard CEO Jeffrey Smith revealed that the firm is building a position in News …
Roberto Firmino of Liverpool was seen shooting under pressure from Eder Militao of Real Madrid during the UEFA Champions League Quarter Final Second Leg match between Liverpool FC and Real Madrid at Anfield on April 14, 2021 in Liverpool, England. Streaming platforms are recognizing the importance of live sports rights in order to expand their …
Rupert Murdoch, the media mogul and chairman of both Fox Corp. and News Corp., is officially stepping down from his position, the companies announced on Thursday. The transition will take place in November. As part of his departure, Murdoch, 92, will be appointed chairman emeritus of both companies. His son, Lachlan Murdoch, will assume the …
A sign is posted in front of a Broadcom office in San Jose, California, on June 3, 2021. Justin Sullivan | Getty Images News | Getty Images Discover the latest market buzz during midday trading. Cisco Systems, Splunk — The shares of Cisco fell by 4.2% on Thursday as the company announced its acquisition of …
SAG-AFTRA members walked the picket line outside Netflix offices in Los Angeles on July 11, 2023, carrying signs to show their solidarity with striking WGA workers. This demonstration highlights the ongoing struggle for AI protections, better wages, and a share of streaming profits in Hollywood. The rise of streaming, spearheaded by Netflix in 2007, has …
Passersby stroll past the News Corporation headquarters, the home of Fox News, on April 18, 2023, in New York City. Spencer Platt | Getty Images Fox Corp. Chief Legal and Policy Officer Viet Dinh will step down from his position. This decision comes several months after the company settled with Dominion Voting Systems for $787.5 …
PNC Financial, Citizens Financial, M&T Bank — Regional bank stocks faced downward pressure on Tuesday following a credit downgrade by Moody’s in several smaller institutions. Moody’s also announced the review of credit ratings for some larger banks. M&T Bank and Webster Financial, whose credit ratings were downgraded, experienced a decline in their stock prices. Citizens …