Quartz
If Sony Pictures Entertainment and Apollo Global Management acquire Paramount Global, they have their sights set on big changes at the entertainment behemoth — namely, making it smaller. Read more...
Warner Bros. Discovery on Thursday announced a strong first-quarter showing for its streaming unit, even as its studios’ division underperformed.Read more...
Persistent inflation has forced shoppers to look for cheaper goods. In some cases, that has meant paying off items in small increments. And for the e-commerce industry, that has been a billion-dollar opportunity.Read more...
Big banks are adding artificial intelligence-focused jobs at increasing speeds, despite industry-wide cuts. Read more...
Reddit is not a profitable company. For its first earnings report since its initial public offering March 21, the company reported a $575 million quarterly loss. Eight of its last quarters have been in the red. This is still a company focused on growth, and the way it will increase its revenue, per it’s S-1 filing, is…Read more...
The U.S. Federal Trade Commission (FTC) announced last week that it is, for the second time, disputing hundreds of “junk” patents listed in the Food and Drug Administration’s (FDA) Orange Book, a list of FDA-approved drugs. The challenges span 20 different brand name drugs — including Novo Nordisk’s Ozempic — and is…Read more...
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