In recent years, the box office has been missing a crucial component – family films. While a few successful kid-friendly hits have helped boost ticket sales, many family features have either opted for streaming releases or have been spread out too far apart in the theatrical calendar. However, the tide seems to be turning, with
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Senator Elizabeth Warren of Massachusetts has accused Federal Reserve Chair Jerome Powell of advocating for changes to banking regulations that would benefit the financial industry. In a letter obtained by CNBC, Warren expressed her disappointment with Powell’s alleged efforts to delay and weaken capital requirements for large American banks. The proposed changes to the Basel
Fisker, once hailed as a promising all-electric vehicle startup, recently took a nosedive as it filed for Chapter 11 bankruptcy protection. This move came after facing lackluster consumer demand, cash burn issues, and operational challenges. The downfall of Fisker serves as a cautionary tale in the electric vehicle industry, highlighting the importance of strategic decision-making
The surge in demand for weight loss and diabetes treatments has propelled Eli Lilly to new heights in the past year. The company’s outgoing Chief Financial Officer, Anat Ashkenazi, played a pivotal role in managing the influx of revenue and investor optimism stemming from Eli Lilly’s diabetes drug, Mounjaro, and its obesity medication, Zepbound. Despite
Disney and Pixar have made a triumphant return to the box office with the release of “Inside Out 2.” The film debuted with an impressive $155 million domestically, making it the second-highest theatrical opening for an animated film. This success comes as a welcome sign for the industry, particularly after a challenging period of pandemic-related
Boeing’s Starliner capsule, named “Calypso,” has recently been announced to remain at the International Space Station for a longer duration than originally planned by NASA. Initially scheduled for a nine-day mission, Calypso is now expected to return to Earth on June 22, approximately 17 days after its launch. This extension allows for further spacecraft testing,
The recent acquisition of Alamo Drafthouse by Sony Pictures marks a significant milestone in the entertainment industry. This move is particularly remarkable given the historical context surrounding the ownership of movie theater chains by film studios. The Paramount Consent Decrees, established in 1948, mandated major studios to divest their cinemas, setting a precedent for antitrust
The news that Major League Eating has decided to part ways with the 16-time champion, Joey “Jaws” Chestnut, ahead of the upcoming Nathan’s Famous Fourth of July hot dog eating contest has sent shockwaves throughout the competitive eating world. Chestnut, who was previously offered a lucrative contract by MLE to participate in the annual hot
National Amusements, which is owned by Shari Redstone, has halted discussions with Skydance regarding the proposed merger with Paramount Global. This decision comes after National Amusements had previously reached an agreement on merger terms with a consortium composed of David Ellison’s Skydance, along with private equity firms RedBird Capital and KKR. While the deal was
The recent investigation into United Auto Workers President Shawn Fain by federal monitor Neil Barofsky has raised serious concerns about potential abuse of power within the union. The monitor has accused Fain and other union leaders of obstructing the investigation and interfering with access to crucial information. These actions could potentially violate a 2020 consent