Wednesday, April 14, 2021

Business

Luxury giant LVMH buys half of Jay-Z’s champagne brand

Moët Hennessy, the world leader in luxury wines and spirits partnered up Shawn Jay-Z Carter through the acquisition of a 50% stake in Armand de Brignac, Jay-Z's prestige champagne. The partnership reflects a...

New York Knicks and New York Rangers Welcome Fans Back to Madison Square Garden

At the start of the first week in which Madison Square Garden can welcome fans in almost a year, members of the New York Rangers and the New York Knicks organizations have joined together to express excitement...

Boeing stock slumps after airlines grounding jets

Boeing’s stock price slipped Monday after it advised airlines to ground dozens of planes after an incident where a jet engine failed and burst into flames, flying over Denver this weekend. Shares in Boeing dropped...

Supporting Black Female Business Owners with the Return of the #WeStanForHer Campaign

Barefoot announces the return of #WeStanForHer, a campaign launched in 2020 to celebrate and support Black women entrepreneurs. In partnership with the non-profit organization New Voices Foundation, Barefoot officially opens the 2021 New Voices Foundation + Barefoot #WeStanForHer Grant program...

SpaceX’s value surges to $74B in $420-a-share fundraise

SpaceX's valuation is on rocket speed. Elon Musk’s rocket-building company SpaceX is now at a sky-high $74 billion valuation in a private fundraising round that wrapped up last week. SpaceX raised $850 million in...

BioBiz: Bristol-Myers Squibb and Sanofi ordered to pay for Plavix warning label; Bluebird Bio suspends gene therapy trials; Thermo Fisher snags EUA for COVID-19...

Bristol-Myers Squibb and Sanofi were ordered to pay Hawaii $834 million over Plavix warning label. A judge in Hawaii on Monday ordered Bristol-Myers Squibb Co and Sanofi SA to pay more than $834 million to the state for failing to...

Twitter’s CEO Jack Dorsey and Jay-Z partner to form new Bitcoin fund

Jack Dorsey, CEO of Twitter and Square, teamed up with rapper and entrepreneur Jaz-Z to form a new Bitcoin fund, focused on developing the cryptocurrency’s adoption initially in Africa and India. The duo are investing...

Colin Kaepernick teams up with private equity investor to form a blank-check company

Former NFL star Colin Kaepernick has teamed up with a private equity investor to form a blank-check company, making him the latest athlete to form a special purpose acquisition company, also known as SPACs, that raise money...

Poll: Political partisanship has reached a new and alarming moment

According to a new survey by ROI Rocket, a leading provider of market research-based consulting, about three in five Republicans (60%) believe Democrats represent a serious threat to the country while about one in two Democrats (52%)...

Lyft shares surge as company expects to turn a profit this year

Ride-hailing leader, Lyft’s stock price soared today on hopes that the company could finally become profitable. Lyft executives said profits were on the horizon partly because it slashed $360 million in fixed costs last year amid...
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Disgraced Investor, Bernie Madoff Dead at 82

Bernie Madoff, the architect of one of the largest financial frauds in American history, has died at...
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BioBiz: Johnson & Johnson COVID-19 Vaccine stopped; Repertoire gets $189M infusion; Agenus presents clinical data; Solo-Dex launches and more

Both the FDA and Centers for Disease Control have decided to stop administering Johnson & Johnson’s Covid-19 vaccine after reviewing data involving...

JPMorgan Chase CEO Jamie Dimon: US economy is poised to come roaring back

In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon says the US economy is poised to come roaring back from the...

Tech giant, LG will stop making smartphones

Electronics giant LG plans posted a statement today that it stop making smartphones after struggling for years to compete in a market...

NY is Latest State to Legalize Cannabis

Governor Andrew Cuomo took a break at the end of March from his long-running pandemic victory lap and from denying he has...