Business

The aviation industry has seen a significant shift in priorities among airlines in the wake of the pandemic. Previously focused on expanding their fleets with new aircraft, many carriers are now deferring deliveries and cutting back on growth plans to save money and return to profitability. This change in strategy is particularly evident among cash-strapped
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The landscape of cannabis consumption in New York has undergone a significant transformation in recent years, with the legalization of adult-use marijuana opening up new opportunities for retailers. Amidst the upscale boutiques and designer stores that line Fifth Avenue, a new dispensary has emerged, offering a range of premium cannabis products to shoppers. This shift
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The Food and Drug Administration recently gave its approval for Novavax’s updated protein-based Covid vaccine, allowing for emergency use in individuals aged 12 and over. This move opens up the competition in the market, pitting Novavax against the well-known Pfizer and Moderna vaccines this coming fall and winter. Novavax’s vaccine is specifically designed to target
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In the midst of an inflation-fueled sales slump hitting the toy industry in 2024, Lego stands out as a beacon of success. The Danish toymaker reported a 13% increase in revenue during the first six months of the year, reaching 31 billion Danish krone, or approximately $4.65 billion. This growth can be attributed to the
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The world has seen a staggering 95% increase in the population of crypto millionaires over the past year. This surge is directly tied to the rise in popularity of bitcoin exchange-traded funds and other crypto assets. According to a report by New World Wealth and Henley & Partners, there are now 172,300 individuals globally who
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Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting the upcoming NBA season, but they may be in for a change when it comes to watching their favorite teams play. Both franchises are parting ways with their regional sports networks owned by Diamond Sports, as revealed in a recent bankruptcy court filing.
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The future of Paramount Global remains uncertain as the special committee announced an extension of the “go shop” period of its merger agreement with Skydance. Edgar Bronfman Jr. recently entered the scene with a competing offer, initially bidding $4.3 billion for Shari Redstone’s National Amusements. Bronfman proposed acquiring a minority stake in Paramount but later
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