Business

Warner Bros. Discovery Chief Executive Officer David Zaslav finds himself in a precarious situation as he battles to regain investor confidence in the wake of the 2022 merger between Discovery and WarnerMedia. Despite significant cost-cutting measures and restructuring, Warner Bros. Discovery shares have plummeted by 70% since the merger closed, leaving shareholders skeptical about the
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In a recent statement, Delta Air Lines revealed that the CrowdStrike outage in the previous month led to significant financial losses amounting to approximately $550 million. This massive hit included a $380 million drop in revenue for the current quarter, primarily due to the need to refund customers for cancelled flights and provide compensation in
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Disney’s media business, once considered a weight on the company’s overall performance, has recently shown signs of a significant turnaround. In the past, streaming losses, declining traditional pay TV business, and box office failures have negatively impacted Disney’s stock performance. However, the company’s second-quarter results indicate a shift in this narrative. The combined streaming businesses,
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Disney is making moves to increase prices on its streaming platforms such as Disney+, Hulu, and ESPN+. The price hikes are set to take effect in mid-October, with most plans seeing an increase of $1 to $2 per month. For instance, the basic and premium plans for Disney+ will now be priced at $9.99 and
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Eli Lilly’s weight loss injection Zepbound and diabetes drug Mounjaro are now fully available in the U.S., as stated in an update on the U.S. Food and Drug Administration’s drug shortage database. This update marks a significant development in the availability of these popular medications. Previously, there were shortages reported for some doses of these
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