Coca-Cola recently announced an increase in its full-year outlook for 2024, citing global demand for its drinks as a key driver. The company now expects organic revenue growth of 9% to 10%, up from its previous forecast of 8% to 9%. This indicates a positive trend in consumer preference for Coca-Cola products worldwide. In terms
Business
In light of recent bipartisan efforts, lawmakers have introduced a new bill that aims to address the controversial business practices of drug supply chain middlemen. These middlemen, also known as pharmacy benefit managers (PBMs), have long been accused of inflating prescription medication prices, ultimately harming U.S. patients and pharmacies. The legislation, known as the “Pharmacists
General Motors is expected to release its second-quarter results shortly, and analysts are predicting a positive outcome for the company. Amidst a challenging economic climate, GM is projected to maintain stable sales and vehicle prices, positioning itself as a standout among traditional Detroit automakers. Wall Street forecasts indicate earnings per share of $2.75 adjusted and
Warner Bros. Discovery has made it clear that they intend to exercise their matching rights for a package of NBA games that were initially earmarked for another company. This move was in response to the deal between NBC and Amazon Prime Video, as reported by sources familiar with the situation. Warner Bros. Discovery expressed their
McDonald’s has decided to extend its $5 value meal promotion beyond its initial four-week window in most of its U.S. markets. According to a memo obtained by CNBC, nearly every business unit, encompassing 93% of its restaurants, has voted to extend the offer past the original end date. The majority of locations plan to extend
The financial markets are buzzing with anticipation as General Motors gears up to report its second-quarter results. Analysts on Wall Street have high hopes for GM, with expectations of a solid adjusted profit of $2.75 per share, marking a significant 44.2% increase from the previous year. The company is also forecasted to achieve $45.46 billion
In a recent case out of California, Michelle Mack, the ringleader of a large-scale retail crime operation, has been sentenced to more than five years in state prison for her involvement in stealing millions of dollars in merchandise from major retailers such as Ulta Beauty and Sephora. Mack, along with her husband Kenneth, orchestrated a
Penn Entertainment has recently announced plans to lay off approximately 100 employees as part of its focus on the growth of ESPN Bet. CEO Jay Snowden explained in an internal email that these changes are intended to enhance operational efficiencies following the company’s acquisition of theScore in 2021. Despite employing about 20,000 people, the company
Ford Motor Company recently announced a significant change in its production strategy by expanding the production of its large Super Duty trucks in a Canadian plant instead of converting it into an all-electric vehicle hub as previously planned. This decision comes as part of a $3 billion investment to enhance Super Duty production, with $2.3
General Motors has announced some major updates to the Cadillac Escalade V-Series for the 2025 model year. These changes are designed to enhance the luxury, performance, and technology of this iconic full-size SUV. One of the most striking features of the 2025 Cadillac Escalade V-Series is the standard 55-inch diagonal display that spans the entire