Reported 6 months ago
Zach Bryan has released a new single, “Pink Skies,” where he pays tribute to lost loved ones and advises younger listeners to embrace their youth. The song is a country ballad with emotional lyrics, part of his upcoming album The Great American Bar Scene. Bryan's recent releases include studio albums and an EP, with a tour planned through December. He teases the album as a mix of depression and hope, showcasing his fast-paced music creation style.
Source: YAHOO
Reported 6 months ago
Source: BARRONS
Reported 6 months ago
Brooke Shields has been elected as the new president of the Actors’ Equity Association, representing 51,000 actors and stage managers. Shields, known for her Broadway credits and film career, aims to use her star power to elevate the profile of Equity members and advocate for the respect they deserve. Her four-year term begins immediately, succeeding Kate Shindle, who decided to step down after serving as president since 2015.
Source: YAHOO
Reported 6 months ago
Source: INVESTORS
Reported 6 months ago
Yahoo Sports NBA draft expert Krysten Peek and national basketball analyst Rob Cassidy from Rivals evaluate upcoming NBA prospects, discussing the challenges of evaluating high school talent, this year's one-and-done players, and top prospects like Rob Dillingham, Stephon Castle, and Bub Carrington. They also predict under-the-radar prospects, their potential impact, and give a premature look at the 2025 NBA Draft class.
Source: YAHOO
Reported 6 months ago
Eli Lilly has announced a commitment of over $5.3 billion to its Lebanon, Indiana manufacturing site, more than doubling its initial investment. This funding will allow the company to expand production of tirzepatide weight-loss and diabetes injections. Analysts and investors are pleased with this move, as it addresses the increasing demand for these drugs. Additionally, Goldman Sachs anticipates a $100 billion addressable market for this industry by 2030, with potential health benefits beyond weight management. Eli Lilly's investment is part of a broader trend of growth and innovation in the pharmaceutical industry.
Source: YAHOO
Reported 6 months ago
Chris Pratt joked on The Tonight Show with Jimmy Fallon about not knowing how to spell his 2-year-old daughter Eloise's name, as his 3-year-old daughter Lyla spelled it out for him. Pratt shared that being a dad to girls can be challenging, especially when playing the game "No!" with his youngest daughter. He also celebrated Eloise's 2nd birthday with his wife Katherine Schwarzenegger Pratt and shared that his kids, including his 11-year-old son, have not seen his new film The Garfield Movie yet.
Source: YAHOO
Reported 6 months ago
The demand for electricity in data centers, driven by the energy-intensive nature of Generative AI systems, is expected to double by 2026 and could equal the electricity consumption of Japan. This surge in energy consumption is posing challenges for electricity grids, particularly in countries like Ireland and the UK where data centers are a significant energy consumer. As AI demands soar, the push for more energy-efficient solutions and locations with cheap power sources intensifies, while advancements in hardware like Nvidia's Grace Blackwell supercomputer chips aim to reduce energy consumption. Efforts to improve energy efficiency and develop energy ratings for AI systems are underway to address the growing energy demands of data centers.
Source: YAHOO
Reported 6 months ago
George Lucas defended the first six "Star Wars" films against criticism of lack of diversity, pointing out that most characters are aliens and emphasizing the theme of accepting others regardless of appearance. He highlighted the diverse representation through characters like Princess Leia, Lando, and Sam Jackson's role, addressing discrimination against robots and the portrayal of women as heroes. Lucas is set to receive an honorary Palme d'Or at the Cannes Film Festival, expressing gratitude for the recognition and reflecting on his history with the festival.
Source: YAHOO
Reported 6 months ago
Eli Lilly has announced a $5.3 billion investment in its new Indiana manufacturing plant, totaling $9 billion, to meet the high demand for its weight-loss and diabetes drugs like Zepbound and Mounjaro. The investment will increase production of active pharmaceutical ingredients for these drugs, which are currently in short supply in the U.S. The company has committed a total of $16 billion to new manufacturing sites since 2020 and expects the Lebanon site to start producing medicines by the end of 2026. Additionally, Lilly plans to add 200 full-time jobs to the Lebanon plant as part of the investment.
Source: YAHOO
Reported 6 months ago
In late May, US consumers moderated their inflation expectations, with data from the University of Michigan showing a decrease in the anticipated annual inflation rate over the next year to 3.3% from 3.5% earlier in the month. Consumers also adjusted their expectations for inflation over the next five to 10 years to 3%. Despite a slight improvement in sentiment from the preliminary reading, the final consumer sentiment index dropped 8.1 points from April to a six-month low of 69.1, reflecting ongoing concerns about high prices, borrowing costs, and the labor market. Additionally, consumers are less optimistic about interest rate cuts and expect challenges in income growth and job opportunities, posing potential obstacles for President Joe Biden's re-election bid.
Source: YAHOO
Reported 6 months ago
The University of Michigan's Consumer Sentiment Index fell to 69.1, which was higher than expected but a decrease of 8.1 points from the previous month. The report indicates concerns about business conditions, personal finances, labor markets, and expectations of rising unemployment rates and slowing income growth among US consumers.
Source: YAHOO
Reported 6 months ago
The article discusses how shippers had significant leverage in the freight market due to excess capacity keeping rates low, causing them to demand rate concessions from carriers. With truckload spot rates at historic lows, carriers experienced profitability lows, prompting warnings of a potential "carrier revenge" as shippers continued to push for rate cuts. The article highlights the risk shippers face as an extreme hurricane season is forecasted, potentially leading to disruptions and a shift in market dynamics that could favor carriers, resulting in possible retaliatory actions.
Source: YAHOO
Reported 6 months ago
Josh Brolin, known for his acting roles, has ventured into directing and expressed a lack of patience for difficult actors in a recent interview. Brolin, who recently directed an episode of "Outer Range," emphasized his no-nonsense approach to work and highlighted the positive aspects of directing. Despite his new role, he mentioned that he won't quit acting entirely but finds directing to be more aligned with his personal sensibilities.
Source: YAHOO
Reported 6 months ago
U.S. drug distributor Cencora has notified individuals that their personal and highly sensitive medical information was stolen during a cyberattack and data breach earlier this year, as disclosed by the company in February. The stolen data, which may contain personal information, has not been publicly disclosed or misused. Cencora is actively notifying affected individuals and providing resources to help protect their information. The breach was related to a prescription supply program offered by its subsidiary, Medical Initiatives Inc., and included details like first name, last name, and prescriptions.
Source: YAHOO
Reported 6 months ago
Barcelona has sacked head coach Xavi Hernández, despite convincing him to stay for another year just a month ago. Xavi's fate was sealed after reportedly angering the club's president with comments about their financial struggles. Former Bayern Munich manager Hansi Flick is lined up to replace him, with uncertainty over the potential financial cost to Barcelona for dismissing Xavi and his coaching staff. Xavi will manage his final game against Sevilla this weekend before departing, and Barcelona is expected to announce a new first-team structure in the coming days.
Source: YAHOO
Reported 6 months ago
Chicago Sky forward Angel Reese emphasized that the rise in the WNBA's profile should be credited to multiple players, not just Caitlin Clark, who has been receiving much attention for her impact on the league. Reese highlighted the contributions of other rookies like Kamilla Cardoso, Cameron Brink, and Rickea Jackson, stating that the narrative of one player changing the game is inaccurate. She pointed out the collective efforts of various players in shaping the future of the league, emphasizing that there are many great players making an impact.
Source: YAHOO
Reported 6 months ago
The NFL is being criticized for marginalizing its own broadcast operation, NFL Network, despite its two-decade existence. The decision to move programs and cancel others is seen as a cost-cutting measure, with the focus shifting away from studio shows and talent that may not drive significant revenue. With the lack of fresh content and meaningful conversation about the NFL, the article suggests that the league should consider selling exclusive games and shutting down NFL Network to maximize profit, emphasizing a shift towards a more business-oriented approach rather than valuing publicity and messaging.
Source: YAHOO
Reported 6 months ago
The article discusses how the market rally couldn't be sustained despite Nvidia's strong earnings, with Seana Smith and Brad Smith interviewing Truist Co-Chief Investment Officer Keith Lerner about the market dynamics. Lerner attributes the muted market reaction to high expectations around Nvidia's earnings and suggests that market focus is now shifting towards anticipating the Fed's actions and looking for disinflationary pressures as the next catalyst for market growth. Despite signs of exuberance in the market, Lerner believes the primary trend remains positive but anticipates a more volatile and choppy period ahead.
Source: YAHOO
Reported 6 months ago
Intuit's stock fell after the company reported better-than-expected fiscal third-quarter results but issued a weak fourth-quarter earnings outlook, expecting adjusted EPS of $1.80 to $1.85 compared to an estimate of $1.93. Additionally, Intuit disclosed a drop of about one million free users in its TurboTax unit, raising concerns about increased competition. The company raised its full-year revenue forecast but fell short of street expectations, leading to a 6% loss in the stock price. Analysts noted an executive change in the Credit Karma business and the impact of losing lower-paying and free customers on investor sentiment.
Source: YAHOO
Reported 6 months ago
After a historic settlement reached by class-action attorneys with the NCAA and power conferences, $2.8 billion will be distributed in back damages to former athletes, and a revenue-sharing model for athletes in the future is set to revolutionize compensation. Schools will share 22% of their average athletic department revenue annually, with no constraints on distribution, but Title IX implications remain. Booster collectives may continue post-settlement, and changes to rosters, the portal, and athlete contracts are expected.
Source: YAHOO
Reported 6 months ago
Jeremy Renner surprised himself by being able to do all his own stunts on the set of "Mayor of Kingstown" after a near-fatal snow plow accident, breaking more than 30 bones. In an exclusive Paramount+ featurette, Renner, 53, shared his surprise at being able to perform the stunt work, describing it as "pretty violent" and unexpected given his injuries. Season 3 of the series is set to feature new big players and a more intense storyline, with Renner's costar and executive producer Hugh Dillon praising his recovery and dedication to the role.
Source: YAHOO
Reported 6 months ago
Sony Hall in Manhattan has revamped its booking team with senior talent buyer Jack McFadden, talent buyer Alli Vega, and junior talent buyer Niko Murray, aiming to strengthen its presence in the live music industry. In other news, Loeb & Loeb added Monika Tashman as a partner in Nashville, Galaxy Label Group bolstered its promotions team with four hires, and Buchalter expanded its legal presence in Nashville with eight new attorneys. Additionally, BMI promoted Gabriella Natali, UTA welcomed Lucy Pullin and Virgil Thomas, and Mahogany appointed Dom Wallace as label and marketing manager. Earn Alliance named Kimberly Knoller as its new CMO, while Karta hired Morgan Evans and Sarah Richards for key roles.
Source: YAHOO
Reported 6 months ago
The Securities and Exchange Commission has allowed the New York Stock Exchange and Nasdaq to list spot ether exchange-traded funds (ETFs), marking a significant move for ethereum. Bloomberg Intelligence ETF Research Analyst James Seyffart explains that an ether ETF can exist due to a federally regulated futures market like bitcoin, despite altcoins not having a shot at an ETF soon. Seyffart notes that while an ether ETF will be a "monster success," ethereum loses utility within an ETF. Despite initial doubts, the shift in political support for cryptocurrencies in Congress suggests a favorable environment for the approval of an ether ETF, which could see demand reach a fraction of that seen for bitcoin ETFs. The timeline for final approvals remains uncertain, with the potential for a launch in weeks to months.
Source: YAHOO