Radio shows surprising resilience in changing media world
Airline passengers between flights patronize the iHeartRadio facility at Denver International Airport in Denver on Jan. 19, 2014. Robert Alexander | Archive Photos | Getty Images It’s a familiar refrain: “Legacy media is dead” — unless you’re talking about radio. Despite being one of the oldest media formats, dating back to the 1890s, radio has […]
7 buzzy dining trends for 2024: ‘Porn star’ martinis and a vegan take on Nutella
Are you hungry for change — in the most literal sense? The new year will likely see many shifts in what Americans eat and sip. It’s the inevitable out-with-the-old and in-with-the-new pattern that has come to define the dining and drinking scene. In fact, some of these trends were already rising to the fore in […]
Pat McAfee attacks ESPN executive amid Rodgers, Kimmel fight
PHOENIX, ARIZONA – FEBRUARY 09: Former NFL player and host Pat McAfee speaks on radio row ahead of Super Bowl LVII at the Phoenix Convention Center on February 9, 2023 in Phoenix, Arizona. Mike Lawrie | Getty Images ESPN’s Pat McAfee problem is getting more complicated. On Friday, the host and former NFL punter publicly […]
Eli Lilly weight loss drug site may not upend industry
Sopa Images | Lightrocket | Getty Images Eli Lilly is shaking up the pharmaceutical industry with a new website offering telehealth prescriptions and direct home delivery of certain drugs, including its red-hot weight loss treatment Zepbound, to expand patient access. The company’s direct-to-consumer push announced Thursday, the first of its kind for a big drugmaker, […]
Medical Properties Trust’s stock drops to 14-year low as tenant falls $50 million behind on rent
Medical Properties Trust Inc.’s stock fell 29% on Friday after the real-estate investment trust said one of its tenants, Steward Health Care System, is $50 million behind in rent payments. Medical Properties Trust’s stock MPW, -29.00% closed at $3.55, down $1.45, its lowest level since since 2009. The stock also drew at least one downgrade […]
Florida wins first FDA approval to import drugs from Canada
Pharmacist Thomas Jensen, looks over a prescription drug at the Rock Canyon pharmacy in Provo, Utah, May 9, 2019. George Frey | Reuters The Food and Drug Administration on Friday approved Florida’s plan to import cheaper prescription drugs from Canada, a first-in-the-nation move that could reduce costs for Americans but faces fierce opposition from the […]
Constellation Brands’ stock up after profit beat offsets soft sales and guidance
Constellation Brands Inc.’s stock rose 4% Friday, after the wine and spirits distributor posted better-than-expected profit for its fiscal third quarter, though sales fell short and the company lowered its full-year guidance. The company posted net income of $509.1 million. or $2.76 a share, for the quarter to Nov. 30, up from $467.7 million, or […]
Blank Street Coffee bets on subscription program
Blank Street Coffee’s shops have taken over New York City as they lure in customers with cheap lattes and cold brew. Now the upstart chain aims to attract even more consumers who want to slash their coffee budgets through a subscription program. The Blank Street Regulars program, which opened to the public this summer, has […]
What history says about stocks and the bond market ahead of a first Fed rate cut
Investors are convinced the Federal Reserve’s next move will be to cut rates. But if the Fed does follow through, the timing of a cut could still trip up the markets. The table below from Ned Davis Research, using data going back to 1970, shows how the yield on the 10-year Treasury note BX:TMUBMUSD10Y has […]
Eli Lilly launches website to help patients get weight loss drugs
Drugmaker Eli Lilly announced on Thursday a new website that will allow patients to get a weight loss drug prescription through a telehealth provider — a move, the company says, that will improve access to the extremely popular and effective drugs, including its recently approved drug, Zepbound. The new website, called LillyDirect, joins a growing list of platforms like Weight […]
