The landscape of cannabis consumption in New York has drastically changed, with the legalization of adult-use marijuana leading to a surge in licensed cannabis sales in the state. Over the past 3 1/2 years, legal avenues for cannabis consumption have gained momentum in the luxury market, symbolized by the opening of dispensaries on Fifth Avenue.
Business
Airlines have been facing significant challenges in recent years due to the impact of engine repairs, increased costs, and decreased revenue. This has led to cash-strapped, low-cost, and deep discounter airlines delaying the spending on new aircraft to save money in an effort to return to profitability. Companies like Spirit Airlines, JetBlue Airways, and Frontier
The Food and Drug Administration recently granted emergency use authorization for Novavax’s updated protein-based Covid vaccine for individuals aged 12 and above. This move opens up the competition between Novavax’s vaccine and the existing jabs from Pfizer and Moderna for the upcoming fall and winter season. Novavax’s vaccine is designed to target the omicron subvariant
General Motors recently made the decision to fold its all-electric BrightDrop commercial vans into the Chevrolet brand. The aim is to increase sales, accessibility, and recognition of these vehicles. By leveraging the strength of the Chevrolet brand, GM hopes to drive volume and make it easier for customers to transition to electric vehicles. This strategic
The toy industry faced a tough first half of 2024, with sales taking a hit due to inflation. However, amidst this challenging environment, Lego managed to stand out by growing its market share. The Danish toymaker reported a remarkable 13% increase in revenue, reaching 31 billion Danish krone, equivalent to about $4.65 billion. Niels Christiansen,
Fans of the Dallas Mavericks and New Orleans Pelicans are eagerly awaiting news on how they will be able to watch their favorite teams in the upcoming NBA season. Recent developments have revealed that both franchises are leaving their regional sports networks owned by Diamond Sports, as outlined in a recent bankruptcy court filing. This
Edgar Bronfman Jr. has made a bold move with his offer for a controlling stake in Paramount Global, potentially shaking up the future of the company. Bronfman’s bid, if successful, could result in Shari Redstone, the current non-executive chairman at Paramount, continuing to be involved with the company under his leadership. It is interesting to
Cava recently released its quarterly earnings report, exceeding Wall Street’s expectations by a significant margin. With earnings per share at 17 cents compared to an expected 13 cents and revenue reaching $233 million against the projected $220 million, the Mediterranean restaurant chain has impressed investors and analysts alike. The company reported a surge in net